Mountain Yoda

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Mountain Yoda
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#Bitcoin ONLY ∞/21M Professional threat mitigator, wannabe sailor. Strong opinions, weakly held. #plebminer @Ocean.xyz #plebchain ⚡MtYoda@getalby.com
One of the world’s largest and most complex financial conglomerates, Brookfield sold property to itself like this dozens of times in 2024, using $1.4bn from its insurance arm to finance transactions that supported its “distributable earnings” — a non-standard measure of profit that underpins the corporation’s $90bn stock market valuation. These earnings were then recycled back into the portfolio in a circular flow of cash that is attracting scrutiny of both the relative opacity of Brookfield’s accounting practices and how it juggles its vast global portfolio of real estate. https://archive.ph/pRHj9