If You Like Warren Buffett's Berkshire Hathaway, You'll Love This Wealth-Creating Stock

Warren Buffett is a masterful investor. He has an innate ability to allocate capital into investments that generate outsize returns for his shareholders. Over the last 30 years, his company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has delivered an average annualized return of 13%, beating the S&P 500's 11% average annualized total return.As good as the Buffett-led Berkshire Hathaway is at growing shareholder value, Brookfield Corporation (NYSE: BN) has been even better. The Canadian investment manager has delivered an 18% annualized total return over the last three decades. Here's a closer look at this wealth-creating company, which shares many similarities with Buffett's Berkshire Hathaway.Berkshire Hathaway started as a textile manufacturing company. It traces its origins all the way back to 1839. Buffett took control of the company in 1965 and transformed it into a multinational conglomerate holding company. He's used it as an investment vehicle to acquire other operating companies and make investments in publicly traded companies, which have grown it into one of the most valuable companies in the world.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool