Getting carried away with Brookfield

In this episode of the Long Term Investing Podcast, Barry Schwartz and Ernest discuss recent market trends, including interest rate cuts and the concentration of gains in a few stocks within the S&P 500. They emphasize the importance of long-term portfolio returns over short-term fluctuations, highlighting their investment strategy focused on companies with durable moats and strong management. The conversation then shifts to Brookfield's Investor Day, focusing on Brookfield Asset Management's new AI Infrastructure Fund and its expansion into managing money for individual investors, as well as Brookfield Corporation's growing insurance business and its potential for generating significant revenue through annuities. Finally, they analyze Adobe's recent performance and its strategy for integrating AI into its creative tools, maintaining a positive outlook on the company's long-term prospects despite market concerns.