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 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500. IN THIS EPISODE YOU’LL LEARN:00:00 - Intro01:37 - The impact of holding cash on your portfolio returns.  24:07 - How to understand the five different components that make up stock market returns33:14 - How to estimate the expected return of being invested in the S&P50040:57 - What the intrinsic value of Berkshire Hathaway is45:51 - How Berkshire Hathaway has allocated capital since 2018  Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
<li>Stig’s 2023 masterclass with Chris Bloomstran on <a href="https://link.chtbl.com/WSB548">valuing Berkshire Hathaway</a> | <a href="https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-masterclass-2023-w-chris-bloomstran/">YouTube Video</a>.</li>
<li>Stig’s 2022 masterclass with Chris Bloomstran on <a href="https://link.chtbl.com/WSB438">valuing Berkshire Hathaway</a> | <a href="https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-masterclass-w-chris-bloomstran/">YouTube Video</a>.</li>
<li>Stig’s masterclass with Chris Bloomstran on <a href="https://link.chtbl.com/WSB346">equity valuations</a> | <a href="https://www.theinvestorspodcast.com/episodes/masterclass-in-valuations-w-chris-bloomstran/">YouTube Video</a>.</li>
<li>Chris Bloomstran’s <a href="https://www.semperaugustus.com">website</a>.</li>
<li>Read Chris Bloomstran’s <a href="https://www.semperaugustus.com/clientletter">letters to his clients</a>. </li>
<li>Buffett <a href="https://buffett.cnbc.com/">resource on CNBC</a>.</li>
<li>Check out all the books mentioned and discussed in our podcast episodes<a href="https://prodcast.io/wsb"> here</a>.</li>
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TIP625: Berkshire Hathaway w/ Chris Bloomstran

We Study Billionaires - The Investor’s Podcast Network