No. of Recommendations: 9
"Generalities are dangerous"
I can't tell you how long this has kept me laughing
As for BN and BAM, I still have no position since things look richly priced around Aug-Sept 2021 and I bailed.
Exit price $56.92
I guess current apples-and-apples equivalent is (BN + BAM/4) = $43.37 + dividends received, so (so far) it was a good move.
The value seems compelling these days, and I'm not particularly worried about the real estate or interest rate cycles, but I still find it hard to decide how much I trust these guys.
If intelligent people reading the statements carefully can't understand them or make meaningful comparisons to earlier ones, one has to suspect that it's on purpose.
No fire, for sure, but much smoke. A few mirrors perhaps.
Jim
