I had the pleasure to be back on the The Intelligent Investing Podcast with Eric Schleien. Full show notes below. If you are listening in a car or simply taking a walk, try these links:
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Q3 2019 hedge fund letters, conferences and more
After many weeks of back and forth, we finally got this episode done and it’s a big one. We mainly talked about the Brookfield Asset Management 2019 Investor Day that they held in New-York. We both attended the event as first timers and we share our take ways from the meeting. We also branched off and talked about cultural activism, Facebook/Instagram, Sears and malls, investing in India and China..and we could have talk a lot more. If you are interested, the whole event has been recorded is available with presentations here.
Brookfield (BAM) is a very interesting company. Only of few companies can do what they do. It has been one of my most successful investment and my bullish stance on it has been reinforced. Their business is only going to get bigger and more profitable over time. I’ve written and talked about BAM in the past if you are looking for a primer. If I ever get to it I plan on writing an article with my about the Investor Day. For now we have the podcast.
Show notes, links and summary by Eric:
Show Summary
Happy day before Halloween! This is a very special episode of The Intelligent Investing Podcast. I bring Brian Langis back on the show to discuss Brookfield Asset Management which we have discussed before. We go into some of the slides from Brookfield Investor Day 2019 on both Brookfield Asset Management and also some of their subs such as Brookfield Business Partners. We discuss larger trends, low and negative interest rates, valuations, and culture.
Cultural Activism
We spend quite a while on the cultural activism going on at Brookfield Business Partners led by their COO, Denis Turcotte. I had the pleasure of meeting him at the Brookfield Investor Day and noticed he wasn’t just giving lip service to culture but actually doing it and knew he didn’t learn this from business school. Many of you don’t know this but I have a 10 year background in transformational coaching and a 7 year background specifically on organizational culture- not just understanding it but actually empowering organizations to elevate it. Brookfield Business Partners is actually working with businesses to elevate culture not just talk about it and no surprise, profits go up!
Better Culture Equals Greater Profits
One of the things I have discussed with my colleagues John King and Scott Forgey is that greater culture equates to greater profits. John King is the inventor of Tribal Leadership which is the most cutting edge and leading cultural transformation technology on the planet. Scott Forgey is working with me on empowering organizations to elevate their culture, except we are focusing on public companies. When an organization goes from what is known as Stage 2 to Stage 4, profits go up by an average of 300% – 500%.
Relevant Links For This Episode
- Eric Schleien interviews John King on Tribal Leadership | Thrive Global
- Cultural Activism: A New Model For Activism | The Intelligent Investing Podcast
- Netflix, Sears, Tribal Leadership | The Intelligent Investing Podcast
- How To Keep Large Companies Innovative | The Intelligent Investing Podcast
- The Oaktree / Brookfield Transaction | The Intelligent Investing Podcast
- 2019 Brookfield Investor Day Slides | Brookfield Asset Management Investor Relations
- Getting Into The Weeds: Recap on Brookfield Asset Management | The Intelligent Investing Podcast
Connect With Eric Schleien
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- Visit Granite State Capital Management’s Website
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Article by Brian Langis
