This Top Stock Continues to Look More Like Berkshire Hathaway

Core Viewpoint - Brookfield Corporation has consistently outperformed the market, achieving an 18% annualized return over the last 30 years, surpassing both Berkshire Hathaway and the S&P 500 [1] Group 1: Investment Strategy - Brookfield Corporation has adopted a strategy similar to that of Berkshire Hathaway, positioning itself to deliver strong returns for investors [2] - The company began as an owner/operator of real assets and has expanded into managing capital for outside investors, leading to the establishment of Brookfield Asset Management [4] - Brookfield has entered the insurance industry, increasing its insurance assets from $2 billion to over $120 billion in four years, providing a growing capital float for investments [5] Group 2: Growth Projections - Brookfield aims to grow its insurance assets to around $300 billion in five years, which is expected to triple its annual earnings capacity [7] - The company anticipates generating $47 billion in cumulative free cash flow over the next five years, which will be allocated to reinvestment, share repurchases, and dividends [8] - Brookfield projects more than 20% annual earnings-per-share growth over the next five years, with an intrinsic value target of over $175 per share by the end of the decade [9] Group 3: Market Position - Brookfield Corporation's investment approach focuses on acquiring high-quality businesses at value prices and maximizing their earnings through hands-on management [6] - The company’s wealth solutions business and effective capital allocation are expected to drive continued market-crushing returns [10][11]