Stig BrodersenOn today's episode, I invited the legendary investor Chris Bloomstran, his company Semper Augustus has an outstanding track record compound annually at 11.5% since his fund's inception in 1999. This is compared to only 6.9% for the S&P 500. Aside from Buffett and Munger, in my book, only Chris Bloomstran understands Berkshire Hathaway better.
Stig BrodersenThe company has the largest equity position for both Chris and me and I hope you'll enjoy this masterclass in valuing Berkshire Hathaway as much as I did.
OtherYou are listening to The Investor's Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Stig BrodersenWelcome to The Investor's Podcast! I'm your host, Stig Brodersen and as I said there in the introduction, I'm here with Chris Bloomstran. Chris, how are you today?
OtherStig, I'm great. I'm great. It's good to be doing this again this year with you and look forward to being in Omaha with you.
Stig BrodersenChris, we are recording this April 18th and this episode will be published on April 29th or the weekend before the Berkshire weekend if, well, at least that's what we called. I guess if you're running in the same circles as Chris and me and today's episode will be all about Berkshire. And Chris, I think you've attended the meeting since 2000, is that right?
OtherYeah, we bought the stock for the first time in February 2000 after it had been cut in half close the general deal and when nobody wanted to own a real business, they were infatuated with the internet and all things tech and Berkshire was out of fashion. So we traded at about 105% of what was a fairly conservatively stated book value. So yeah.
Stig BrodersenWe had a chance to talk a bit here before we hit record and we talked about like the good old days for a lack of a better word and I've read somewhere that Buffett used to like shake your hands with everyone who came in from abroad like back in the day and you actually had a story from, what was it your first meeting that you had the story from?
OtherYeah, so we buy the stock you know, I've followed the company since they issued the eShares in '96 and it finally got cheap enough to buy in any event headed to Omaha and with my business partner Chad. And you did dinner the night before and ran here to some folks that, that we knew and there was a small gathering. I mean, the NBA, the 20-something crowd really haven't gravitated to Berkshire at that point. It probably had 11 or 12,000 at the meeting that year. So it had caught on but it was nowhere near the cult it is today.
OtherHelp us reach new listeners by leaving us a rating and review on Apple Podcasts ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
OtherP.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
OtherCheck out our latest offer for all The Investor's Podcast Network listeners!
OtherStig 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 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500.
OtherThere is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway.
OtherDisclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Stig BrodersenOn today's episode, I invited the legendary investor Chris Bloomstran, his company Semper Augustus has an outstanding track record compound annually at 11.5% since his fund's inception in 1999. This is compared to only 6.9% for the S&P 500. Aside from Buffett and Munger, in my book, only Chris Bloomstran understands Berkshire Hathaway better.
Stig BrodersenThe company has the largest equity position for both Chris and me and I hope you'll enjoy this masterclass in valuing Berkshire Hathaway as much as I did.
OtherYou are listening to The Investor's Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Stig BrodersenWelcome to The Investor's Podcast! I'm your host, Stig Brodersen and as I said there in the introduction, I'm here with Chris Bloomstran. Chris, how are you today?
OtherStig, I'm great. I'm great. It's good to be doing this again this year with you and look forward to being in Omaha with you.
Stig BrodersenChris, we are recording this April 18th and this episode will be published on April 29th or the weekend before the Berkshire weekend if, well, at least that's what we called. I guess if you're running in the same circles as Chris and me and today's episode will be all about Berkshire. And Chris, I think you've attended the meeting since 2000, is that right?
OtherYeah, we bought the stock for the first time in February 2000 after it had been cut in half close the general deal and when nobody wanted to own a real business, they were infatuated with the internet and all things tech and Berkshire was out of fashion. So we traded at about 105% of what was a fairly conservatively stated book value. So yeah.
Stig BrodersenWe had a chance to talk a bit here before we hit record and we talked about like the good old days for a lack of a better word and I've read somewhere that Buffett used to like shake your hands with everyone who came in from abroad like back in the day and you actually had a story from, what was it your first meeting that you had the story from?
OtherYeah, so we buy the stock you know, I've followed the company since they issued the eShares in '96 and it finally got cheap enough to buy in any event headed to Omaha and with my business partner Chad. And you did dinner the night before and ran here to some folks that, that we knew and there was a small gathering. I mean, the NBA, the 20-something crowd really haven't gravitated to Berkshire at that point. It probably had 11 or 12,000 at the meeting that year. So it had caught on but it was nowhere near the cult it is today.
OtherHelp us reach new listeners by leaving us a rating and review on Apple Podcasts ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!Check out our latest offer for all The Investor's Podcast Network listeners!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 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500.There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway.Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Stig BrodersenOn today's episode, I invited the legendary investor Chris Bloomstran, his company Semper Augustus has an outstanding track record compound annually at 11.5% since his fund's inception in 1999. This is compared to only 6.9% for the S&P 500. Aside from Buffett and Munger, in my book, only Chris Bloomstran understands Berkshire Hathaway better.
Stig BrodersenThe company has the largest equity position for both Chris and me and I hope you'll enjoy this masterclass in valuing Berkshire Hathaway as much as I did.
OtherYou are listening to The Investor's Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Stig BrodersenWelcome to The Investor's Podcast! I'm your host, Stig Brodersen and as I said there in the introduction, I'm here with Chris Bloomstran. Chris, how are you today?
OtherStig, I'm great. I'm great. It's good to be doing this again this year with you and look forward to being in Omaha with you.
Stig BrodersenChris, we are recording this April 18th and this episode will be published on April 29th or the weekend before the Berkshire weekend if, well, at least that's what we called. I guess if you're running in the same circles as Chris and me and today's episode will be all about Berkshire. And Chris, I think you've attended the meeting since 2000, is that right?
Chris BloomstranYeah, we bought the stock for the first time in February 2000 after it had been cut in half close the general deal and when nobody wanted to own a real business, they were infatuated with the internet and all things tech and Berkshire was out of fashion. So we traded at about 105% of what was a fairly conservatively stated book value. So yeah.
Stig BrodersenWe had a chance to talk a bit here before we hit record and we talked about like the good old days for a lack of a better word and I've read somewhere that Buffett used to like shake your hands with everyone who came in from abroad like back in the day and you actually had a story from, what was it your first meeting that you had the story from?
Chris BloomstranYeah, so we buy the stock you know, I've followed the company since they issued the eShares in '96 and it finally got cheap enough to buy in any event headed to Omaha and with my business partner Chad. And you did dinner the night before and ran here to some folks that, that we knew and there was a small gathering. I mean, the NBA, the 20-something crowd really haven't gravitated to Berkshire at that point. It probably had 11 or 12,000 at the meeting that year. So it had caught on but it was nowhere near the cult it is today.
OtherHelp us reach new listeners by leaving us a rating and review on Apple Podcasts ! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!Check out our latest offer for all The Investor's Podcast Network listeners!