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Durable Principles for Real Asset Investing | Bruce J. Flatt | Talks at Google

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  • Жарияланды 2023 ж. 26 Қаң.

Пікірлер • 96

  • hao90319890417
    hao90319890417 4 жыл бұрын +115

    One of the most undervalued value investors out there!

    • plank
      plank 6 ай бұрын +1

      One of the most stratagic people with his investors , he says he's fund is not strategic but his relationship building skills are very good and strategic.

  • Trevor Macdougall
    Trevor Macdougall 4 жыл бұрын +39

    Love Bruce Flatt. Highly ethical and outstanding CEO

    • Janet Mangano
      Janet Mangano 4 жыл бұрын

      I'm sure Brookfield will make highlights available from its Annual Investors Day, tomorrow (26 September) in NYC

  • Bibin B. Cherian
    Bibin B. Cherian 2 жыл бұрын +16

    First, thanks to Bruce Flatt for this talk, and thanks to Google for sharing this gem! Shocked to see so few in the audience to listen to this accomplished investor. I sense this talk will ripen with age.

  • Jens Ditrich
    Jens Ditrich 3 жыл бұрын +13

    A big gem! I watch this video again and again and again. Bruce Flatt 💪💥

  • Mark Vassilis
    Mark Vassilis 4 жыл бұрын +11

    Great video! Flatt is so humble and focused. Good points about paying attention to technology.

  • Fredo
    Fredo 2 жыл бұрын +3

    Hands down one of the best Talks I've seen. The amount of investment wisdom shared is unthinkable

  • Murphy loves me
    Murphy loves me 4 жыл бұрын +29

    20:39 Those few people attending the talk, are a testimony to his philosophy, that most people skip the ordinary. Yet the few who carry on despite the odds, make it big one day

  • Aditya Polasani
    Aditya Polasani 3 жыл бұрын +6

    A FANTASTIC talk by Bruce Flatt who is a Class A private equity investor. Long BAM. Great talk.

  • Shawn Thomas
    Shawn Thomas 4 жыл бұрын +7

    Great CEO that definitely should have gotten more respect from Google!

  • Matt Commins
    Matt Commins 4 жыл бұрын +3

    Probably one of the most under valued investors in the world. More people should know who Bruce Flatt is.

  • Calvin Nixon II
    Calvin Nixon II 10 ай бұрын +1

    In this highly volatile and unpredictable market, this listening session serves as reminder to stay invested and invest within a sufficient margin of safety.

  • Ayush Sharma
    Ayush Sharma 2 жыл бұрын +4

    This a master class in value investing. Thanks

  • David Axelrod
    David Axelrod 4 жыл бұрын +6

    Fantastic video. Thanks for sharing these talks with the world

  • pureum kim
    pureum kim 3 жыл бұрын +4

    so much wisdom in a short video- Thank you Google and Bruce Flatt!

  • Motley Dee
    Motley Dee 4 жыл бұрын +7

    Has many great quotes! Memorize his words no matter what you invest!

  • RamBo
    RamBo 9 ай бұрын

    Bruce is a very smart investor. Level headed thinking with sound principles like "BUY" when others are fleeing, etc.

  • Fabian Manuel
    Fabian Manuel 9 ай бұрын

    Solid session from a solid fixture in asset management.

  • Oz Finance Media
    Oz Finance Media 9 ай бұрын +1

    this guy is too underrated but his insights are great and very useful

  • Abhishek Parulekar
    Abhishek Parulekar 4 жыл бұрын +7

    Great education for me !
    Through books things are too dry for me to grasp the essence

  • Denis Glushkov
    Denis Glushkov 4 жыл бұрын +68

    Shame on Google. Such a great speaker and there are only few people in the room... He shares the important knowledge free of charge and only few came to listen...

    • Luiz Ernesto
      Luiz Ernesto 2 жыл бұрын +3

      Few people in the room but over 70.000 people already saw it online :)

    • Believe me Folks
      Believe me Folks 2 жыл бұрын +2

      That's pretty common with google talks. They have so many famous and important people come in it's just the popular

    • Raffaele De Simone
      Raffaele De Simone 4 жыл бұрын +4

      Really few people have listening ears.

  • Varun Jain
    Varun Jain 3 жыл бұрын

    Extremely useful and underrated...The empty seats are a missed opportunity to be face to face with an aficionado of investing.

  • Doug Whiting
    Doug Whiting 4 жыл бұрын +5

    I think I have had Brookfield stock for over 30 years back when it was Edper, Hees, Brascan, Coscan. It used to have a very complicated owner ship structure. Anyway I made money by doing what Brookfield was doing. It sold Brookfield Homes , I sold, when they starting buying I bought , when they bought the Brookfield Homes convertible pref so did I. There were so few owners of that issue it couldn't trade.

  • Michael C
    Michael C 3 жыл бұрын +1

    This is gem of a talk

  • Minh Tiến
    Minh Tiến 2 жыл бұрын

    AMAZING TALK! THANKS!

  • Rajeev Bhatnagar
    Rajeev Bhatnagar 3 жыл бұрын

    Excellent talk. Thanks.

  • Damián Sánchez Pérez
    Damián Sánchez Pérez 4 жыл бұрын +99

    Minute 2:37; less than 15 people in the room watching an outstanding CEO. What a pitty...

    • Kelvin Lee
      Kelvin Lee  Жыл бұрын

      Sad, his fund investors would need to put in at least US$100 mn to hear him talk.

    • L W
      L W 2 жыл бұрын

      Absolutely. He was so genuine and amazing.

    • Fan Zhao
      Fan Zhao 2 жыл бұрын

      @Derek K. exactly. The google people don't have to be physically in the talk.

    • Derek K.
      Derek K. 3 жыл бұрын

      We don't know how many were remote viewing!

    • Janet Mangano
      Janet Mangano 4 жыл бұрын +3

      Thankfully it's on youtube so we can all watch him and learn!! Will see him tomorrow LIVE in NYC.

  • Handerson Di Genova
    Handerson Di Genova 18 күн бұрын

    what a presentation, congrats

  • Andreas Janßen
    Andreas Janßen 2 жыл бұрын +1

    I really shooked about size of audience ....anyway ...happy of content ceo gives ...number of audience not imlortant ....
    Now 70.000 watched this wonderful lesson hour ...a full stadium . ..

  • Luxus Häuser
    Luxus Häuser 3 жыл бұрын +1

    Bruce is an expert! Key take away - don't follow the herd.

  • Andrey B.
    Andrey B.  Жыл бұрын +1

    Great video! Thanks!

  • frank li
    frank li 2 жыл бұрын

    great speech

  • 施云云
    施云云  Жыл бұрын

    Simple and valuable ;0

  • F52
    F52 2 жыл бұрын +1

    Bruce might just be the GOAT.

  • Giovana Veríssimo
    Giovana Veríssimo 4 жыл бұрын

    Brilliant!

  • Bechu Mathew
    Bechu Mathew 2 жыл бұрын

    Can someone clarify the below:
    They bought the office in Park avenue at $ 434M and sold 21 years later at $2B. That is a CAGR of 8%, which is comparable to returns from an index fund. Not to judge anything, just trying to make sure I didn't miss something here.

    • Manraj Natt
      Manraj Natt 2 жыл бұрын +4

      It's a little more complicated, they bought the property with only 140M down, renovated the property, and refinanced it multiple times pulling out significant amounts of cash. I suggest reading the section titled 245 Park Avenue in the 2017 shareholders report for the full synopsis, it's hard to calculate CAGR but it definitely exceeds 8% bam.brookfield.com/~/media/Files/B/BrookField-BAM-IR-V2/quarterly-reports/2017/f-bam-q1-2017-ltr-to-shareholders.pdf

  • Curiana III Josue M.
    Curiana III Josue M. 2 жыл бұрын +1

    If the Softbank CEO have this kind of investment strategy, the company might be more profitable and probably avoid losing Billions of dollars during this pandemic. Softbank CEO blew more than $70 Billion because of worthless investments. 🤦‍♂🤦‍♂🤦‍♂

  • UniCo
    UniCo 2 жыл бұрын

    Total gem

  • Saifulbahri Hassan
    Saifulbahri Hassan  Жыл бұрын

    I wonder if there is an update on these views for the post-pandemic situation.

  • Mark Garon
    Mark Garon 2 жыл бұрын +3

    My dad Roger adored Bruce and was friends with him. I never met him, being the black sheep of the family. Peace.

    • WanderingDoc
      WanderingDoc 2 жыл бұрын

      Means you didn't get any of the inheritance? ;)

  • Bibin B. Cherian
    Bibin B. Cherian 2 жыл бұрын

    The one forecast Bruce Flatt made about urbanization was reversed by Covid-19 and changed work habits may put this to the test.

  • V B
    V B 4 жыл бұрын +2

    Thanks for inviting Bruce.

  • Yue Han Chung
    Yue Han Chung 8 ай бұрын +1

    World class

  • Gazer
    Gazer 4 жыл бұрын

    Best wishes to Brookfield's Westinghouse investment

  • Andrew
    Andrew 3 жыл бұрын +1

    he doesn't invest in bitcoin because its speculation. The holy grail of investing is cashflow. How can you finance a bitcoin purchase? you don't. Crypto speculators don't understand finance/cashflow

  • Daniel Jakic
    Daniel Jakic 5 ай бұрын

    This is just fantastic. So undervalued investing advice to purchase something below replacement cost.

    • Daniel Jakic
      Daniel Jakic Ай бұрын

      @RockyP1199 eeeh, NO Thats a high beta stock competing in a monopolistic instdustry dominated by TSMC, Samsung and Intel. Sorry, not buying

  • Joe
    Joe 3 жыл бұрын +11

    Now I feel like buying some BAM stock lol

    • Eric Mancini
      Eric Mancini 2 жыл бұрын

      @henny su hope you bought, i sure did

    • henny su
      henny su 2 жыл бұрын

      @Eric Mancini Just had a 2 to 3 split today. I will buy more when there's a drop.

    • Eric Mancini
      Eric Mancini 2 жыл бұрын

      @henny su now's ur second chance LOL a great company to own

    • henny su
      henny su 2 жыл бұрын +1

      You would have earned over 40% if you have really bought BAM about a year ago.

  • Andrew
    Andrew 3 жыл бұрын

    I want to BLB - be like Bruce! Baller.

  • Pradeep Kanwar
    Pradeep Kanwar 3 жыл бұрын +1

    Great guy but how does he hold on to capital when asset prices dip...no redemption requests ?!

  • Syncme Android
    Syncme Android 4 жыл бұрын

    @16:54 the building in Manhattan bought for 432M$ in 1996 and sold for 2200M$ in 2017, that's exactly an 8% a year CAGR (Compounded Annual Growth Rate) over a 21 years period.
    The Dow Jones in the same period did 9% CAGR (dividend reinvested) dqydj.com/dow-jones-return-calculator/
    So I don't know why he glorifies an investment that did worse than the equity market as a whole.
    And thank God he says they bought it in a stressed period and it was located in Park Avenue.

    • jarome jordan
      jarome jordan 2 жыл бұрын +1

      They were able to refinance there money out In full plus extra making the returns infinite over the 10 year period before they sold it

    • venturebros
      venturebros 2 жыл бұрын

      rental income
      probably favorable tax treatment as well
      also need to take into account risk, i.e. returns on a risk adjusted basis

    • Franky G
      Franky G 2 жыл бұрын

      You’re not taking rent roll into account

  • Kiên Vu
    Kiên Vu 6 ай бұрын

    great !

  • Anand George
    Anand George 4 жыл бұрын

    How does an amount doubling in about 8 years make the growth exponent.. just over 10% pa

  • Forrest Gump
    Forrest Gump 2 жыл бұрын +4

    Very sad to see my friend talking to such a small crowd. Very sad. Will monitor this closely!! Shame on you Google!

  • Brian Langis
    Brian Langis 4 жыл бұрын

    If you guys are looking for a copy of the PDF there's one on my blog. brianlangis.wordpress.com/2018/09/13/durable-principles-for-real-asset-investing/

  • pravin jadhav
    pravin jadhav 4 жыл бұрын

    Thanks google

  • Jose Ccorahua
    Jose Ccorahua Ай бұрын

    Soy el único comentario en español? lol

  • rafael bawono
    rafael bawono 2 жыл бұрын +1

    C'mon... Empty seats? Really?

  • PN
    PN 4 жыл бұрын +1

    speed x1,5

  • alphaena1
    alphaena1 4 жыл бұрын +1

    what is the name of the picture with the sheep at the beginning?

  • Alex
    Alex 4 жыл бұрын +4

    his primary thesis is wrong - asset centered is not the future, the future is asset-light, non-real asset businesses that produce profits.

    • Clint Joseph Shaji
      Clint Joseph Shaji 2 жыл бұрын

      I agree with Alex. Also, asset light doesn't make sense if they have no cash flow and there is a lot of competition. The idea is cash flow generation and great barriers to entry.

    • Cody Peck
      Cody Peck 3 жыл бұрын +2

      Alex He has put up 20% returns for three decades. What about you?

  • FRC4fly
    FRC4fly 5 ай бұрын

    The individual

  • Pika So
    Pika So 3 жыл бұрын

    Most of his principles are from Warren Buffet, he should have referenced him ....

  • Clint Joseph Shaji
    Clint Joseph Shaji 2 жыл бұрын

    Corona virus might have ruined his plans

  • Christopher Brookfield
    Christopher Brookfield 3 жыл бұрын

    He is a thief, a fake, and took advantage of a situation and scored off my grandparents. And took advantage of people who trusted him in 2004. i cant prove it without a document stole from me by power of attorney of estate. But great name and he is very smart. i have forgave but cant forget. But this is closure cause my grand mother who was in his corner would say have faith and dont let past destroy your future. God Bless Bruce Flatt and i wish you the best.

  • F S
    F S 4 жыл бұрын +1

    Kinda sounds like advertisement

    • F S
      F S 4 жыл бұрын +1

      like google?

    • CNHabs
      CNHabs 4 жыл бұрын +6

      Do you really know what BAM does and its historical return? This gent doesn't need to advertize and only takes in big institutional investors not individuals.

  • Funny Guy
    Funny Guy 4 жыл бұрын

    What a seller. You value investor suckers beware of these presentations.

    • Robert Rask
      Robert Rask 4 жыл бұрын +8

      Seller? He literally does like 2 public appearances per year, except for their investor day. He is one of the least promotional CEOs out there.

  • We Love Libraries
    We Love Libraries 3 жыл бұрын

    Hard to listen to, very dry and boring