No. of Recommendations: 1
BAM the parent grows faster and is the better long term bet, but BPY the kid is probably more undervalued at the moment.

I struggle with this all the time in my closed-end fund (CEF) investments. Two CEFs that have similar NAV performance, althoug maybe one has a bit better NAV performance....
But the other one is currently selling at a deeper discount (read: comparatively undervalued). So is it better to go with the undervalued one or not?

For those unfamiliar with CEFs, the NAV (net asset value) is the value of the holdings, and the price is whatever the CEF itself trades at.

Boulder Growth & Income: (BIF)
NAV is 12.43, current price is 10.36.

34% of BIF's holdings are BRK. Wouldn't you like to buy BRK at a 16% discount? OTOH, until and unless BIF liquidates, your P/L is detemined by the changes in price of BIF regardless of how BRK performs.
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