This Magnificent Wealth-Creating Stock Has an Estimated $30 Billion Bonanza Hiding in Plain Sight
Brookfield Corporation (NYSE: BN) has been an epic wealth-compounding machine over the decades. The global investment firm has delivered a 19% compound annual return during the past 30 years. At that rate, it would have grown a $10,000 investment into over $1.8 million.The company is in an excellent position to continue enriching its shareholders in the coming years. One factor driving that promise is the carried interest hidden within its asset management business. CEO Bruce Flatt wrote about this "hidden gem in plain sight" in his fourth-quarter letter to shareholders."Our carried interest is a large asset -- and is not well understood by most investors," Flatt wrote. He noted that the company's asset management business raises a lot of money from investors like pension plans, sovereign wealth funds, and private investors. They expect the company to invest that money into great assets and businesses that generate attractive returns. Continue reading
Brookfield Corporation (NYSE: BN) has been an epic wealth-compounding machine over the decades. The global investment firm has delivered a 19% compound annual return during the past 30 years. At that rate, it would have grown a $10,000 investment into over $1.8 million.
The company is in an excellent position to continue enriching its shareholders in the coming years. One factor driving that promise is the carried interest hidden within its asset management business. CEO Bruce Flatt wrote about this "hidden gem in plain sight" in his fourth-quarter letter to shareholders.
"Our carried interest is a large asset -- and is not well understood by most investors," Flatt wrote. He noted that the company's asset management business raises a lot of money from investors like pension plans, sovereign wealth funds, and private investors. They expect the company to invest that money into great assets and businesses that generate attractive returns.
