Bruce Flatt, CEO of Brookfield Asset Management, shares his core investing philosophy built on value, discipline, and durability. Learn how he identifies opportunities others miss and navigates massive global shifts.

Key Insights Include:
Timeless investing fundamentals vs. today's market changes
The rise of private markets & infrastructure
Major Trends: Digitalization (AI's real impact), Energy Transition, Deglobalization
Brookfield's risk management & long-term compounding strategy
Opportunities in insurance & annuities
Building a culture of meritocracy & taking big bets

This interview from The Knowledge Project offers rare insights into the mind of one of the world's most successful alternative asset managers.

The opinions shared on this podcast belong solely to those expressing them. Hosts and guests may hold positions in the securities discussed. This podcast is intended to provide general information only and should not be considered financial advice.

00:00:00 Welcome, Bruce
00:00:54 Changes in Investing Over the Past 25 Years
00:02:50 How Private Enterprise Has Built Our Tech Infrastructure
00:05:07 Implications and Opportunities of Passive Investing
00:09:55 Advantages of Private Companies
00:13:23 Three Investment Themes
00:15:58 Winners in Digitalization
00:17:32 Application of Artificial Intelligence in Businesses
00:22:30 Transition to Low-Carbon Energy
00:26:11 Future of Data Centers
00:28:19 De-globalization of Industry
00:30:46 Implications of Manufacturing Repatriation
00:31:58 Long-term Prospects for America
00:33:14 Future of the U.S. Economy
00:34:26 Changes in Real Estate
00:38:44 Approach to Risk and Debt
00:40:12 Impact of Interest Rates
00:43:11 Managing Market Dislocations
00:44:54 Long-term Investing Strategy
00:47:31 History and Future of Brookfield
00:50:19 Exploration of Private Markets and Insurance
00:51:12 Investment Decision Process
00:53:06 Introduction to Annuities
00:55:27 Expansion into Other Insurance Businesses
00:57:42 Understanding Brookfield's Structure
01:02:45 Talent and People Management at Brookfield
01:05:22 Focus on Downside Protection
01:07:27 Accountability in Investment Decisions
01:08:56 Understanding Investment Cycles
01:10:38 Learning and Training in the Organization
01:11:30 Postmortem Analysis of Investments
01:13:38 Consideration of Geopolitical Risks
01:16:43 Investing with Own Capital First

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ABOUT THE KNOWLEDGE PROJECT
Like the mentor you’ve always dreamed of having, The Knowledge Project shares timely yet timeless lessons for work and life. Past guests include Naval Ravikant, Daniel Kahneman, Jim Collins, Angela Duckworth, Seth Godin, Melanie Mitchell, & Esther Perel.