This Top Stock Continues to Look More Like Berkshire Hathaway
Brookfield Corporation (NYSE: BN) has been a top-performing stock over the decades. The leading global investment manager has delivered an 18% annualized return over the last 30 years. That has beaten the returns of many great companies -- including Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) 13% annualized return -- and the S&P 500 (SNPINDEX: ^GSPC) (11% annualized). Brookfield Corporation has become a lot more like Berkshire Hathaway in recent years. That strategy puts it in a strong position to continue delivering market-crushing returns for its investors.Warren Buffett and his team have transformed Berkshire Hathaway from a textile manufacturer into a vehicle they use to grow shareholder value. The company uses shareholder capital and the float from its insurance business (Geico and others) to buy operating companies (e.g., BNFS, Dairy Queen, See's Candies, and many others) and invest in publicly traded stocks (e.g., Apple). Those operating companies generate cash that Berkshire retains to invest in additional operating companies and stocks. Continue reading
Brookfield Corporation (NYSE: BN) has been a top-performing stock over the decades. The leading global investment manager has delivered an 18% annualized return over the last 30 years. That has beaten the returns of many great companies -- including Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) 13% annualized return -- and the S&P 500 (SNPINDEX: ^GSPC) (11% annualized).
Brookfield Corporation has become a lot more like Berkshire Hathaway in recent years. That strategy puts it in a strong position to continue delivering market-crushing returns for its investors.
Warren Buffett and his team have transformed Berkshire Hathaway from a textile manufacturer into a vehicle they use to grow shareholder value. The company uses shareholder capital and the float from its insurance business (Geico and others) to buy operating companies (e.g., BNFS, Dairy Queen, See's Candies, and many others) and invest in publicly traded stocks (e.g., Apple). Those operating companies generate cash that Berkshire retains to invest in additional operating companies and stocks.
