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 compounded annual growth rate of 11.4% on equities since its fund's inception on 2/28/1999, compared to 8.2% for the S&P 500.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:45 - The importance of being trusted for Warren Buffett and Chris Bloomstran
18:20 - Why you may want to own a 10-year treasury over the S&P 500 over the next decade
20:28 - How to estimate whether you’re in a secular peak
27:43 - How active Berkshire should be on the boards of portfolio companies
36:03 - How to take a deep dive into Berkshire Hathaway’s culture and business model
43:53 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get moving forward
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Stig’s 2024 interview with Chris Bloomstran about Berkshire Hathaway.
- Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway.
- Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway.
- Chris Bloomstran’s website.
- Read Chris Bloomstran’s annual letters.
- Buffett resource on CNBC.
- Alex Morris’ book, Buffett and Munger Unscripted – read reviews of the book.
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