Brookfield Corporation Has Become the Next Berkshire Hathaway

By Reuben Gregg Brewer – Apr 4, 2026 at 5:15PM ESTKey PointsBrookfield Corporation is a large and well-respected Canadian investment company.The business has undergone a series of changes aimed at operating more like Berkshire Hathaway.Berkshire Hathaway (BRKA +0.01%)(BRKB 0.24%) has built a record that is nothing short of impressive, with the stock dramatically outperforming the S&P 500 index (^GSPC +0.11%) over the long term. A key part of the industrial conglomerate's success is its business model. Brookfield Corporation (BN +0.45%) is trying to use that same model. Here's what you need to know about this Canadian investment giant. The next Berkshire Hathaway Berkshire Hathaway is often classified as an insurance company. That makes sense, since it does operate a number of large insurance businesses. However, the insurance operations are really the foundation on which it has built itself into a massive conglomerate. When you step back and look at the big picture, Berkshire Hathaway was really Warren Buffett's investment vehicle. Image source: The Motley Fool. The secret to Buffett's success was his decision to use the float from insurance premiums to invest in companies, either directly buying them or simply buying large amounts of their stock. This is the basic approach that Brookfield Corporation is taking after making several changes to its business. Those changes included spinning off its asset management business (it continues to own a stake in Brookfield Asset Management (BAM +0.84%)) and building an insurance operation. Notably, Brookfield Corporation already oversees a number of publicly traded companies that invest in key focus areas, including renewable power, infrastructure, and private equity. It also operates private investment vehicles in real estate and credit. Brookfield Corporation is similar, but different Basically, Brookfield Corporation has already turned itself into the next Berkshire Hathaway, with a slightly different twist. At its core, the company is using the same investment-led insurance model that has been so successful for Berkshire Hathaway. However, in practice, it is making investments using a much broader collection of controlled investment vehicles. And it might be an even better approach. ExpandNYSE: BNBrookfield CorporationToday's Change(0.45%) $0.18Current Price$40.92Key Data PointsMarket Cap$100BDay's Range$39.66 - $41.1652wk Range$29.07 - $49.56Volume274KAvg Vol6.1MGross Margin26.37%Dividend Yield0.61% Berkshire Hathaway is a complicated company to understand because of the massive conglomeration of very different businesses it owns. Brookfield Corporation is perhaps even more difficult to understand because it applies its investment approach across a range of public and private companies. That said, the use of public companies makes it easier to track what Brookfield Corporation is doing and how its investment decisions are performing, since you can simply look at each of the publicly traded companies it oversees if you want to keep tabs on what is going on. Berkshire Hathaway's investment decisions and results are a lot more opaque, with the company often lumping the results of its controlled businesses into groups when reporting earnings. For many, Brookfield Corporation could be a better option than Berkshire Hathaway. That said, Brookfield Corporation's business shift is relatively new, so it still needs to prove it can successfully use Berkshire Hathaway's investment-led insurance model. But, given Brookfield Corporation's over 125 year history of growth, it seems like a worthwhile risk for those hoping to find the next Berkshire Hathaway.Read NextApr 3, 2026 •By Matt DiLallo20 Best High-Yield Dividend Stocks to Buy in 2026Mar 29, 2026 •By Reuben Gregg BrewerWhat I'm Watching With Brookfield To See If They Beat The MarketMar 26, 2026 •By Matt DiLalloThis Elite Wealth-Creating Machine Is a Screaming Bargain These DaysMar 25, 2026 •By Matt DiLalloThe Best Financial Stocks to Buy With $1,000 Right NowMar 24, 2026 •By Jason Hall1 Stock Set to Win From This $7 Trillion AI OpportunityMar 17, 2026 •By Matt DiLalloThese 3 Top Financial Stocks Are Down As Much As 43.5% on Private Credit Fears. Here's Why I'm Buying Them Like There's No Tomorrow.About the AuthorReuben Gregg Brewer is a contributing Motley Fool stock market analyst covering energy, utilities, REITs, and consumer staples. He is the former director of research at Value Line Publishing, where he rose from mutual fund analyst to equity analyst before leading all research operations. Reuben holds a bachelor’s degree in psychology from SUNY Purchase, a master’s in social work from Columbia University, and an MBA from Regis University. He has been featured as a financial expert on CNBC and in the Financial Times, Barron’s, and InvestmentNews.TMFReubenGBrewerStocks MentionedBrookfield CorporationNYSE: BN$40.93(+0.45%)+$0.19S&P 500 IndexSNPINDEX: ^GSPC$6,582.69(+0.11%)+$7.37Berkshire HathawayNYSE: BRKA$716,299.99(+0.01%)+$41.99Berkshire HathawayNYSE: BRKB$477.35(-0.24%)-$1.15Brookfield Asset ManagementNYSE: BAM$44.45(+0.84%)+$0.37*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.