Berkshire Hathaway | All you need to know w/ Chris Bloomstran (TIP438)

Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a CAGR of 9.2% after fees (10.0% before fee) since his fund's inception on 2/28/1999 compared to 8.1% for the S&P500.
There is no one in the space we respect as much as Chris Bloomstran when evaluating the intrinsic value of Berkshire Hathaway.
IN THIS EPISODE, YOU'LL LEARN:
00:00:00 - Intro
00:01:05 - How is the S&P500 currently valued
00:05:17 - Whether investors still dollar cost average into the S&P500
00:17:27 - How much of the S&P500 return has come from the big five tech companies
00:23:03 - What can and more importantly, can’t you read from the 13F filings
00:28:26 - Was Berkshire Hathaway’s acquisition of Alleghany a good investment?
00:39:45 - What stood out in Warren Buffett’s last letter
00:46:11 - How will inflation impact Berkshire Hathaway?
01:01:19 - How will the interest rate hikes in 2022 impact Berkshire Hathaway
01:09:34 - What are Berkshire Hathaway’s normalized earnings?
01:21:07 - What is the intrinsic value of Berkshire Hathaway?
☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping - that’s more than 40 cups of coffee for free! To get started, take the quiz at drinktrade.com/TIP, and start the journey to your perfect cup.
✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: link.chtbl.com/WSB438
🖊️ Access our free show notes and transcript here: www.theinvestorspodcast.com
▶️PAST EPISODES MENTIONED
- TIP346: Masterclass In Valuation W/ Chris Bloomstran - • TIP346: Masterclass In...
💡OTHER RESOURCES
- Stig's Twitter Account - / stig_brodersen
- Chris' Twitter Account - / chrisbloomstran
- Chris Bloomstran’s Website - www.semperaugustus.com
- Chris Bloomstran’s Letters to His Clients - www.semperaugustus.com/client...
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK:
₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: • ⚡️ Bitcoin Fundamentals 🔑
📚Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: • 💰 We Study Billionaires 🥇
🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: • 🏠 Real Estate 101 💵
💸Get introduced to the world of investing with our Millennial Investing podcast show: • 💸 Millennial Investing 🎯
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
FOLLOW US ON SOCIAL MEDIA📱:
💻 Facebook: / theinvestorspodcast
👔 Linkedin: / the-investor's-podcast
🐦Twitter: / tip_network
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
Download Stig & Preston's 1-page checklist for finding great stock picks: www.theinvestorspodcast.com/f...
⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤
DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[@jaysrinivasan8205]

Damn, this is by far the best Berkshire podcast I have heard. You can bet your bottom dollar i will be at the website and I’ll be reading all his letters from 1999. Thank you for posting this and for bringing this amazing investing mind to our attention. You are accurate in that no one else has as deep an understanding of Berkshire

[@TheInvestorsPodcastNetwork]

Wow! Thank you so much for the support, Jay!

[@ryanl.9341]

If youd like an abbreviated version of the letters, Id highly recommend Daniel Pecault's University of Berkshire Hathaway University book; this title is exemplary, and it presents several pages of info dedicated to the highlights of each annual meeting for some decades into the past.

[@kylebeaton5604]

Best interview I've heard in years, so much better than some of the dumbed down, sensational interviews in the mainstream media.

[@TheInvestorsPodcastNetwork]

Thank you so much, Kyle!

[@value_investing]

Wow, amazing stock Market forecast, better than any so call economics expert. Should listen to this talk 9 months ago.

[@mirkosprangers5879]

Great to hear this in-depth (although noticably bullish) story on berkshire, well done letting him speak as well!

[@TheInvestorsPodcastNetwork]

Our pleasure! Happy to hear you enjoyed the episode.

[@moneywithian2852]

He’s articulate

[@rocking1313]

Best Q: What does the 13F does not disclose? Fantastic interview. Thanks Chris and Stig!

[@susymay7831]

Very nice.
Love your fabulous timestamp!

[@TheInvestorsPodcastNetwork]

Glad you liked it!

[@brandonm2101]

I really enjoyed this

[@TheInvestorsPodcastNetwork]

So glad to hear that, Brandon!

[@hl3641]

The sudden ads popped up in middle of conversation is disgustingly done

[@marcusfaison7952]

Your making it too hard for people who aren’t in the financial business to follow what they are saying

[@holliday.]

You need to educate yourself. Ask questions or use Google. I think they did a good job.