TSX:BPO.PR.A - Post by User
Comment by
Carenaon Aug 03, 2024 7:07pm
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Post# 36163560
RE:RE:RE:RE:Today
RE:RE:RE:RE:TodayHi Pierre,
I think I surprised myself when I actually counted and it was 107. 30-40 of them are residual positions that can go at any time.
I have been doing this for years and if I take an interest in a security, I generally keep it. Bruce Flatt always said his hobby is to collect BN shares. I guess my hobby is similar but I collect various securities. I know people who have wine collections and I know a fella who has a warehouse full of rebuilt classic cars. I really do not see a huge difference.
I totally get most portfolios are like yours and that I am an outlier and I do not suggest anyone follow my lead. You are right, it takes a lot of time to manage and track.
I will say I tend to buy stocks that have characteristics of a takeout. I have had many over the years (many Brookfield related) and I have had three of them this year alone, at nice premiums. I think your BRE is such a candidate but I just never pulled on that one.
By the way, I have owned MRG.UN since 2014 and have traded it throughout the years. I think Rai Sahi is another Bruce Flatt and so I think MRG.UN is in good hands.
Hopefully this adds a little more context,
Carena