I got to admit that I’m quite embarrassed that this will be my first post here with this quality and perhaps also a self serving one. But this past weeks or months even I feel like a lone bull on Brookfield corp amidst a sea of bears. Granted, they have valid points- increasing high debt that needs to be refinanced soon, properties defaulting, private equity industry on all time lows and most especially how complex the structure of Brookfield is. It is compared to an octopus even, changing colors to whatever hot is in the industry now. Rinse and recycle capital between subsidiaries they say. (I already gave up on trying to understand the whole structure as much as I gave up trying to tie the valuation of Berkshire. We have Chris Bloomstran for that. For Brookfield, I put my trust in Flatt with his skin in the game and recent purchase of $BN also.)

Although, I’ve talked and interacted with a few $BN bulls also the bears outnumber and sometimes are hostile too. How do you handle this type of problem? Not the hostility but with negative sentiment on your holdings. Of course it made me assess my thesis but I find it to be intact still. Finding the current headwinds to be short term to midterm only and knowing that in times like these Brookfield does best by buying more distressed assets and such.

Perhaps this is me seeking a confirmation bias or me not admitting I’m delegating my conviction to others but I wholehearted want to know among the veteran investors here on what they do when the market disagrees with them on their thesis. Thank you!