Q: I know this is not a fair question given industries, FX, etc....BUT if you had to choose one with a 3-5 year time horizon, which one would it be, BRK or BN?
Thanks as always.
Thanks as always.
5i Research Answer:
Very tough; much will depend on the market. BRK has about 30% of its assets in cash. Also, its very large size does make it more difficult for the company to invest and make a difference to its earnings. We would side with BN. It is a more aggressive choice, but over 5 years we think cash is going to underperform.