Subject: Re: BAM spinout damage, quantified
great update.
2 comments :

- seems to be a decent amount of cases where SoTP conglomerate discounts don't close faster than inflation. would be great to hear thoughts on why this may (finally) no longer be the case for Brookfield in the next decade.

- sentiment; although some significant number of investors bought into Brookfield Property at a discount, it was taken out at even a greater discount.
(this i see more of a case where losses have outsized sentiment for those that favored greater discount arbitrage within SoTP, rather than the impact of sentiment towards the entirety of Brookfield. however, i dont want to understimate how brookfield's identity was tied to RE for a long time, and small failures here still outshine media coverage of Brookfield's larger success elsewhere.)