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Industry Focus

Energy: Welcome to the Brookfield Family (Part 1)

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 14 February 2019

⏱️ 35 minutes

🧾️ Download transcript

Summary

Brookfield Asset Management is one of the largest asset managers in the world, with over $300 billion in assets under management. In this week’s episode, Motley Fool Contributor Matt Dillalo and Industry Focus host Nick Sciple give an overview of Brookfield Asset Management, as well as its publicly traded subsidiaries. Make sure to tune in next week for part two of our discussion.

Stocks Mentioned: BAM, BPY, BPR, BBU

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Transcript

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0:00.0

Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

0:07.0

Today is Valentine's Day and this is part one of a two-part discussion of the Brookfield Asset Management Family of Companies.

0:12.0

I'm your host Nick Saipel and today I'm joined by Molly Fulke. discussion of the Brookfield Asset Management Family of Companies.

0:13.0

I'm your host Nick Saiple, and today I'm joined by Motley

0:14.8

full contributor Matt Delalow via Skype.

0:16.6

How you doing, Matt.

0:18.0

Doing great.

0:18.4

How are you?

0:19.4

You know, I'm doing great.

0:20.6

You know, I'm excited for Valentine's Day tomorrow love is in the air and

0:24.7

we're talking about a company that you really love today. Brookfield Asset Management and

0:28.1

the whole family of companies we were talking about before the show that this is your

0:32.4

number one holding when you net

0:33.4

together all all of the underlying businesses so can you just talk about off the

0:37.2

top of the show what really makes you like this business and this family of

0:40.5

businesses so much? I like them because they've really done

0:46.2

well for me over the years. I think I've held Brookfield for maybe 15 years and

0:50.4

I've learned so much through this holding.

0:53.0

Brookfield, their CEO, Bruce Flatt, is just so smart.

0:57.0

He's like the Warren Buffett of Canada.

0:59.0

And his shareholder letters are right up there with Buffett in my mind is something that should be read every quarter.

1:05.0

So it's just been a great learning experience for me as well as an enriching holding.

...

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