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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SFFG Insights

Smith Falconer Financial Group

January 10, 2024

Key takeaways from Bruce Flatt

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