Smith Falconer Financial Group
January 10, 2024
Key takeaways from Bruce Flatt
At CIBC Wood Gundy’s most recent National Business Conference, we had the opportunity to learn from Bruce Flatt, CEO of Brookfield Asset Management.
Generating $5B in cash flow every year, under his leadership, Brookfield is able to deploy capital opportunistically, achieving 20% annualized growth and shareholder return over the last two decades.
Our three key takeaways from his presentation are as follows:
1. Opportunity lies in environments where there is less capital available in the markets, reducing competition. In 2023, Brookfield put approximately $6 billion dollars to work in opportunities around the world. Bruce Flatt believes that the environment today is a very attractive entry point, better than he has seen in a decade.
2. Cash-flow is the “back-bone of the global economy”. He strongly believes in investing in tangible hard assets that produce cash – pipelines, real estate, power-plants, and data centres among examples.
3. The power of a long-term approach. He shares the “miracle” of compounding interest, returns and knowledge. He believes that too much consideration about macro-economic events, for example, the impact of interest rates on the market, are a “distraction” from long-term investing. They should be viewed as opportunities to position an investor for the future.
His opportunistic, long-term approach is one that Smith Falconer Financial Group (SFFG) holds in high-regard. Having access to the quality leadership of Brookfield is a competitive advantage. His perspective is one that we enjoy sharing with our clients, routinely.
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