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Brookfield Asset Management Voting Ord Shs Class A T.BAM

Alternate Symbol(s):  BAM | T.BN.PF.A | BKFOF | T.BN.PF.B | T.BN.PF.C | BROXF | T.BN.PF.D | T.BN.PF.E | T.BN.PF.F | BKFDF | T.BN.PF.G | BRCFF | T.BN.PF.H | T.BN.PF.I | T.BN.PF.J | T.BN.PF.K | BKFPF | T.BN.PF.L | T.BN.PR.B | BKFAF | T.BN.PR.K | BXDIF | BRPSF | T.BN.PR.M | T.BN.PR.N | T.BN.PR.R | BAMGF | BAMKF | T.BN.PR.T | T.BN.PR.X | BKAMF | T.BN.PR.Z

Brookfield Asset Management Ltd. is a global alternative asset manager. The Company invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Its products have three categories, which include long-term private funds, perpetual strategies and liquid strategies. These are invested across five principal strategies: renewable power and transition, infrastructure, real estate, private equity, and credit.


TSX:BAM - Post by User

Post by GolferWannabeon May 20, 2020 11:52am
967 Views
Post# 31051657

Patience

PatienceHello...my first time posting in this bullboard for BAM. If you do decide to read what I have to say, thank you but I do apologize for its length in advance. I have recently made Brookfield Asset Management my primary and major stock holding (about 90% of my portfolio) and since I have done so all the others that I have sold off have risen in price while I have lost about 9% from BAM...a case of Murphy's law I suppose. Now, I agree that this approach to investing is against about 99% of most people's investment strategy and I was hesitant to do so myself. However, after reading about why investors should be diversified and having been invested for the past ten years I realized that I am not convinced that is the attitude of a true business owner, which I want to be than simply being an investor. Of course, the next question is why BAM and not another company like Apple or Amazon or one of the Canadian banks, etc. 1. Management (especially CEO Bruce Flatt) 2. Real Assets 3. Oaktree 4. BIP 5. BEP 6. BBP 7. BPY 8. Geographical Diversification 9. Disciplined value investing philosophy I've always wanted to own a business and I realized that having one requires taking much risk. Almost every small business owner I know have invested more than what they actually have (in addition to mortgaging much of what they own they also borrow from family, friends, banks) in order to start, run, and sometimes save their business. Some succeed and some failed, but through it all they own one company and that is theirs. I guess this rambling is more about making myself feel better than anything else. However, I did want to share my thoughts for those who happen to come here and were unsure about BAM and it's future. At present it makes no sense for the stock price to be doing poorly compared to many others in the market. Yet, if one approaches it as a business owner then its value becomes not about today, this week, this month, this year, but decades from now. I understand it's not easy to watch the stock price fall everyday, however this is perhaps trivial compared to how real business owners feel when they're hard work is close to being worth nothing (think Steve Jobs and Apple back in the 80's and 90's). I suppose if I am wrong in the nine reasons I have highlighted above for owning this business then that's a lesson I'll have to learn from. However, if every business owner allowed fear of failure paralyze their conviction of why they should continue to run their business then I doubt any business would ever succeed (e.g., Amazon, Apple, Berkshire Hathaway, etc.). Trust management (Bruce Flatt and the rest of the management team) to make the most informed and wise decisions, but most importantly, have patience in being part owner of the business, and I am confident we will succeed in the future.
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