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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Manlobbi 🐝🐝  😊 😞
Number: of 21944 
Subject: Re: Diversifying away from Berkshire
Date: 12/27/22 10:52 AM
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No. of Recommendations: 9
Brookfield Corporation (BN) indeed has a few higher level attributes in common with Berkshire, which makes it relevant for this thread:
1. Very capital-compounding-oriented with long-term planning. Brookfield did exceptionally well through 2009 and 2020 regarding the business itself which has no relation to the temporary changes to the public quotes (there are good reasons for this economic robustness, but it would make this post really long and I'm making a different point, last paragraph).
2. Analogous to Berkshire having a compounding book which is boosted (risk-free leveraged) by Berkshire's off-balance-sheet float. In the case of Brookfield Corporation, the 'float analogy' is its fee earnings which have also traditionally been not marked on the books, but providing a *lot* of extra income in addition to the per-share increases in the book value from annually rising rents, asset quality improvements, and sales of mature assets (on average as a hindsight-observation, these sales have been ~10% above the marked book value).
3. Very scalable (relates to 1). Deals improve as they become larger, because of an increasing lack of competition for (a very long run-way of) gigantic public property sales.

Despite this being interesting enough to Berkshire investors to be only semi-OT on the Berkshire Board, definitely don't let that cause you to miss out on the really insightful posts on the Brookfield Corporation board:
http://www.digitalscores.com/MB?bid=8

- Manlobbi
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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