No. of Recommendations: 2
Jim has graciously discussed Brookfield Asset Management on this board before. They released a shareholder update today, overall reassuring to me:

https://bam.brookfield.com/~/media/Files/B/Brookfield-BAM-IR...

It says, in part:
<As to what we do now, here is how we are approaching this market volatility and uncertainty:
• Most importantly, we are staying calm and ensuring our people are safe. For us, compared to the direct
hit we took on 9/11, this uncertainty and volatility feels manageable. In 2008, with the banking system
failing, real asset owners didn’t know if many lenders were going to exist in the future. Today, the banking
system is in far better shape. It never feels very good to have this degree of chaos, but this will pass.
• We are being vigilant and will continue to be disciplined. We will maintain capital for our worst-case
scenarios. This is always very important, but even more so now.
• We have switched our focus for investments to the listed stock markets, and through our Oaktree
franchise, the traded debt market. There are some stocks and debt starting to trade at a large discount to
intrinsic value and we are focused on these. We are also starting to receive calls from companies in need
of capital, and we look forward to being helpful to companies in need, where we can.
• Our shares have sold off along with everything else. We have been acquiring, and will continue to acquire
our own shares for value when it makes sense – and in time, we are certain they will recover.
• Interest rates are now 100 basis points lower than they were a month ago. The value of many real assets
is therefore higher, and our clients’ need for our offerings even greater. In time, this will all flow through
to our assets and the valuations of our business.>

I hope they're as good at trading securities as they are at real estate. ;-)
:-)Shawn
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