Sometimes I feel ridiculous driving around checking waves… Checking the swell forecast, the wind, the tide, and the current. Rubbing elbows with groms, asking how the bitcoin trading is going. They’ll say ‘awwww man not so hot’ and I’ll laugh at their misfortune. Some day I’ll have to hang it up. Stop forcing my fossilized body to pump and thrash and relax into a more soulful manner of riding waves. Maybe buy an old wood paneled station wagon, hang up the thruster and glide in from out the back on a 7’6 single fin. I’ll put my arms in the air when I reach the crest of every gently peeling wave. But not today…
Thursday news drop
Brookfield Pursues $7.5 Billion Fund Devoted to ‘Net-Zero’ Shift Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney. (Financial Post)
The Hidden Margin Of Safety At Brookfield Asset Management Brookfield Asset Management (BAM) is a world-class alternative asset manager with a storied history and promising growth runway. (Seeking Alpha)
Canadians’ wealth is tied to their parents’ more than ever, StatCan finds A new study has found that the likelihood of Canadians staying within the same income and wealth class as their parents has increased significantly. (Global)
45% of all TSX trades were from retail investors in January, CEO says Last year the ratio was barely one third, but now it is up to almost half (CBC)
Crypto Boom Is ‘Speculative Mania,’ Bank of Canada Deputy Says A top Bank of Canada official called the recent spike in cryptocurrency prices “speculative mania,” and said such assets don’t have the qualities to become the money of the future. (Bloomberg)
Feds promise billions in new funds to build, expand public transit systems The federal Liberal government is promising cash-strapped cities billions of dollars in permanent funding for their public-transit systems — though most of the money won’t start flowing until later in the decade. (On Site)
Chapter 11 TV - Featuring Dane Reynolds, Matt McCabe, and Chad Compton