How to Become a Better Investor

If you haven't been in a business before, you really don't understand the fundamental analysis of that business and therefore you shouldn't try at the bottom of the market. You have to have a knowledge advantage if active investing consists of taking advantage of other people's mistakes. And maybe one area where you can gain an advantage is being able to have a long-term focus. Brookfield buys big chunks of essentially a liquid assets and holds them for long periods of time.