Connor Teskey: Inside Brookfield’s Culture, Capital Allocation, and Competitive Edge

3/17/20261 hr 25 min

Connor Teskey is the new CEO of Brookfield Asset Management, one of the world’s largest investors, managing about a trillion dollars across infrastructure, power, real estate, private equity, and credit. In this exclusive in-depth interview, his first as CEO, we explore his approach to capital allocation, isolating variables, and building a business designed for long-term growth. Discover why effective investing begins with minimizing losses, how waiting for perfect information can result in missed opportunities, the strategies Brookfield uses to manage market risk while maintaining upside potential, and the key insights he gained working alongside Bruce Flatt. This discussion goes beyond investment strategies, offering a glimpse into Connor's perspective on decision-making in an uncertain environment, mentorship, culture, positioning, and talent. It's a rare inside look at the operations of one of the world's most tight-lipped firms. Enjoy!

Note: ‍Shane and guests may hold positions in assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. Nothing in this conversation should be considered investment advice, financial guidance, or a recommendation to buy or sell any security. Always do your own due diligence or consult with a qualified financial advisor before making investment decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Showing 10 of 12

First 90 seconds

Shane Parrish· Host0:00
[on-hold music] Why don't we start with the state of the union for Brookfield? You guys manage about a trillion dollars. Where is it allocated, uh, and how is it allocated?
Connor Teskey· Guest0:11
So our business today is really built around raising capital from the largest pools of money around the world, and then turning around and deploying that capital into the largest and most attractive investment themes around the world. As a result, uh, we are a very global business. Uh, we raise money all over the world, and then equally, we deploy it into sixty of the biggest, uh, countries and, and markets. And notably, our, our biggest markets, uh, continue to be the United States and Western Europe, but we are truly a global business today, with operations across Asia Pac, India, the Middle East, and, and South America as well.
Shane Parrish· Host0:57
When I spoke to Bruce last, he mentioned that he wanted the next generation to be better than him. And I'm curious, what, what have you learned that's non-obvious working with him?
Connor Teskey· Guest1:08
That's a pretty hi-high bar to exceed. I, I think what Bruce has built is amazing a-and quite frankly, underappreciated. In particular, not only the, the investment platform and the, the asset base, but, but equally the, the culture