Parsad Posted March 20, 2018 Posted March 20, 2018 Value Investor Conference is holding a couple of events Berkshire weekend: Morningstar CEO - Kunal Kapoor on May 3rd Brookfield CEO - Bruce Flatt on May 4th See details below: http://www.valueinvestorconference.com/valueinvestorregister.html#OVD2
cubsfan Posted March 20, 2018 Posted March 20, 2018 Parsad - thank you for the heads up on this - I had no idea! Wouldn't miss it!
DooDiligence Posted April 5, 2018 Posted April 5, 2018 I hope someone asks Kapoor why the "Stock Favorites" link produces 15 companies one day & 615 the next & 115 the next, while the majority of them have zero analysis to go along with their 5 star ratings (and volatility isn't the correct answer.) Maybe I'm missing something; is he just flashing ideas at us?
cubsfan Posted May 7, 2018 Posted May 7, 2018 For anyone who went to the dinners, thoughts? Having owned BAM for some time now - the major insight I picked up that I did not realize: Many competitors (large banks) have completely exited this area, which I did not realize. I've always worried about too much dumb money coming in, just like the re-insurance business. There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind. The demand side of the business is pretty obvious, but the supply side is where my concerns are.. -- This business is not as easy as it may look from the outside. The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented. He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an admiring and friendly crowd. This CEO is great. One important comment: In his mind, the value of the asset management side of the business exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself is - if you trust the guy and is he competent? Don't be worried.
chrispy Posted May 7, 2018 Posted May 7, 2018 Thank you for sharing. Did he discuss any topics that deviated from Brookfield and their industry?
cubsfan Posted May 7, 2018 Posted May 7, 2018 Thank you for sharing. Did he discuss any topics that deviated from Brookfield and their industry? I'm not too sure I understand your question - but if I do, the answer is no. Anyone else please weigh in...
rishig Posted May 13, 2018 Posted May 13, 2018 For anyone who went to the dinners, thoughts? Having owned BAM for some time now - the major insight I picked up that I did not realize: Many competitors (large banks) have completely exited this area, which I did not realize. I've always worried about too much dumb money coming in, just like the re-insurance business. There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind. The demand side of the business is pretty obvious, but the supply side is where my concerns are.. -- This business is not as easy as it may look from the outside. The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented. He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an admiring and friendly crowd. This CEO is great. One important comment: In his mind, the value of the asset management side of the business exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself is - if you trust the guy and is he competent? Don't be worried. https://photos.app.goo.gl/dsDmI00p8btsrXJn1
vince Posted May 13, 2018 Posted May 13, 2018 For anyone who went to the dinners, thoughts? Having owned BAM for some time now - the major insight I picked up that I did not realize: Many competitors (large banks) have completely exited this area, which I did not realize. I've always worried about too much dumb money coming in, just like the re-insurance business. There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind. The demand side of the business is pretty obvious, but the supply side is where my concerns are.. -- This business is not as easy as it may look from the outside. The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented. He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an admiring and friendly crowd. This CEO is great. One important comment: In his mind, the value of the asset management side of the business exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself is - if you trust the guy and is he competent? Don't be worried. What part of the business are you referring to when you say the banks have exited this area?
cubsfan Posted May 13, 2018 Posted May 13, 2018 The part I am referring to is BAM's competition. Now it is primarily Private Equity firms, as the big banks have exited due to blowups and regulations surrounding 2009 financial crisis.
OnTheShouldersOfGiants Posted May 14, 2018 Posted May 14, 2018 I was at the Bruce Flatt dinner and agree with the others it was a good discussion. A man from Winnipeg won the auction to have dinner with Bruce. Does anyone know who that is? I'd love to get in contact with him
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