Author Topic: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners  (Read 4095 times)

Parsad

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Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« on: March 20, 2018, 11:24:31 AM »
Value Investor Conference is holding a couple of events Berkshire weekend:

Morningstar CEO - Kunal Kapoor on May 3rd

Brookfield CEO - Bruce Flatt on May 4th

See details below:

http://www.valueinvestorconference.com/valueinvestorregister.html#OVD2
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cubsfan

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #1 on: March 20, 2018, 01:24:01 PM »
Parsad - thank you for the heads up on this - I had no idea! Wouldn't miss it!

DooDiligence

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #2 on: April 05, 2018, 04:24:33 AM »
I hope someone asks Kapoor why the "Stock Favorites" link produces 15 companies one day & 615 the next & 115 the next, while the majority of them have zero analysis to go along with their 5 star ratings (and volatility isn't the correct answer.)

Maybe I'm missing something; is he just flashing ideas at us?
(Healthcare 44% - ABC BBH CVS DVA EW NVO) | (BRK.B - 14.8%) | (Media & Communication 13% - CHTR CMCSA DIS)

(Drinkers & Smokers 12.1% - ABEV MO) | (Auto's & Oil 10.8% - GPC VDE) | (Tech & Comms 5.2% - AAPL SFTBY)

(%'s held @ MV 8/18, excludes $)

[prepared 2 wait]

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villainx

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #3 on: May 07, 2018, 08:52:23 AM »
For anyone who went to the dinners, thoughts?

cubsfan

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #4 on: May 07, 2018, 09:42:11 AM »
For anyone who went to the dinners, thoughts?

Having owned BAM for some time now - the major insight I picked up that I did not realize:

Many competitors (large banks) have completely exited this area, which I did not realize.
I've always worried about too much dumb money coming in, just like the re-insurance business.
There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind.

The demand side of the business is pretty obvious, but the supply side is where my concerns are..
-- This business is not as easy as it may look from the outside.

The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented.
He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an
admiring and friendly crowd. This CEO is great.

One important comment: In his mind, the value of the asset management side of the business
exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself
is - if you trust the guy and is he competent?

Don't be worried.

chrispy

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #5 on: May 07, 2018, 11:35:35 AM »
Thank you for sharing.

Did he discuss any topics that deviated from Brookfield and their industry?

cubsfan

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #6 on: May 07, 2018, 12:00:36 PM »
Thank you for sharing.

Did he discuss any topics that deviated from Brookfield and their industry?

I'm not too sure I understand your question - but if I do, the answer is no.
Anyone else please weigh in...

rishig

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #7 on: May 13, 2018, 08:15:37 AM »
For anyone who went to the dinners, thoughts?

Having owned BAM for some time now - the major insight I picked up that I did not realize:

Many competitors (large banks) have completely exited this area, which I did not realize.
I've always worried about too much dumb money coming in, just like the re-insurance business.
There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind.

The demand side of the business is pretty obvious, but the supply side is where my concerns are..
-- This business is not as easy as it may look from the outside.

The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented.
He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an
admiring and friendly crowd. This CEO is great.

One important comment: In his mind, the value of the asset management side of the business
exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself
is - if you trust the guy and is he competent?

Don't be worried.

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vince

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #8 on: May 13, 2018, 09:49:29 AM »
For anyone who went to the dinners, thoughts?

Having owned BAM for some time now - the major insight I picked up that I did not realize:

Many competitors (large banks) have completely exited this area, which I did not realize.
I've always worried about too much dumb money coming in, just like the re-insurance business.
There is plenty of competition - but the exit of these banks is significant and a strong advantage in my mind.

The demand side of the business is pretty obvious, but the supply side is where my concerns are..
-- This business is not as easy as it may look from the outside.

The other insight - Bruce Flatt is low key, but confident, and extremely shareholder oriented.
He refused to be put on the pedestal with Berkshire and Buffett as an equal - in spite of an
admiring and friendly crowd. This CEO is great.

One important comment: In his mind, the value of the asset management side of the business
exceeds the entire market cap of the company right now. In that regard, you just have to ask yourself
is - if you trust the guy and is he competent?

Don't be worried.

What part of the business are you referring to when you say the banks have exited this area?

cubsfan

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Re: Berkshire Weekend - Kunal Kapoor & Bruce Flatt Dinners
« Reply #9 on: May 13, 2018, 09:59:02 AM »
The part I am referring to is BAM's competition. Now it is primarily Private Equity firms, as the
big banks have exited due to blowups and regulations surrounding 2009 financial crisis.