TIP625: Berkshire Hathaway w/ Chris Bloomstran
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 - Intro
01:37 - The impact of holding cash on your portfolio returns.
24:07 - How to understand the five different components that make up stock market returns
33:14 - How to estimate the expected return of being invested in the S&P500
40:57 - What the intrinsic value of Berkshire Hathaway is
45:51 - How Berkshire Hathaway has allocated capital since 2018
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
---Join the exclusive [TIP Mastermind Community] (https://www.theinvestorspodcast.com/mastermind-2/) to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
---Stig’s 2023 masterclass with Chris Bloomstran on [valuing Berkshire Hathaway] (https://link.chtbl.com/WSB548) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-masterclass-2023-w-chris-bloomstran/) .
---Stig’s 2022 masterclass with Chris Bloomstran on [valuing Berkshire Hathaway] (https://link.chtbl.com/WSB438) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/berkshire-hathaway-masterclass-w-chris-bloomstran/) .
---Stig’s masterclass with Chris Bloomstran on [equity valuations] (https://link.chtbl.com/WSB346) | [YouTube Video] (https://www.theinvestorspodcast.com/episodes/masterclass-in-valuations-w-chris-bloomstran/) .
---Chris Bloomstran’s [website] (https://www.semperaugustus.com) .
---Read Chris Bloomstran’s [letters to his clients] (https://www.semperaugustus.com/clientletter) .
---Buffett [resource on CNBC] (https://buffett.cnbc.com/) .
---Check out all the books mentioned and discussed in our podcast episodes [ here] (https://prodcast.io/wsb) .
---Enjoy ad-free episodes when you subscribe to our [Premium Feed] (https://premium.theinvestorspodcast.com/) .
NEW TO THE SHOW?
---Follow our official social media accounts: [X (Twitter)] (https://twitter.com/TIP_Network) | [LinkedIn] (https://www.linkedin.com/company/the-investor's-podcast/) | [Instagram] (https://www.instagram.com/theinvestorspodcastnetwork/) | [Facebook] (https://www.facebook.com/TheInvestorsPodcast) | [TikTok] (https://www.tiktok.com/@theinvestorspodcast) .
---Check out our [We Study Billionaires Starter Packs] (https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/) .
---Browse through all our episodes (complete with transcripts) [here] (https://www.theinvestorspodcast.com/we-study-billionaires/) .
---Try our tool for picking stock winners and managing our portfolios: [TIP Finance Tool] (https://www.theinvestorspodcast.com/tip-finance/) .
---Enjoy exclusive perks from our [favorite Apps and Services] (https://www.theinvestorspodcast.com/affiliates/) .
---Stay up-to-date on financial markets and investing strategies through our daily newsletter, [We Study Markets.] (https://www.theinvestorspodcast.com/newsletters/)
---Learn how to better start, manage, and grow your business with the [best business podcasts] (https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/) .
SPONSORS
Support our free podcast by supporting our [sponsors] (https://theinvestorspodcast.com/sponsors) :
--- [River] (https://river.com/fundamentals)
--- [Toyota] (https://buyatoyota.com/)
--- [CI Financial] (https://corient.com/)
--- [Meyka] (https://meyka.com/)
--- [Fundrise] (https://fundrise.com/WSB)
--- [Yahoo! Finance] (https://yahoofinance.com/)
--- [Long Angle] (https://longangle.com/)
--- [iFlex Stretch Studios] (https://www.iflexpodcast.com/)
--- [Public] (https://public.com/)
--- [American Express] (https://americanexpress.com/businessgoldcard)
--- [Shopify] (https://shopify.com/wsb)
HELP US OUT!
Help us reach new listeners by leaving us a [ rating and review] (https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit) on [ Apple Podcasts] (https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489) ! 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!
Learn more about your ad choices. Visit [megaphone.fm/adchoices] (https://megaphone.fm/adchoices)
Support our show by becoming a premium member! [https://theinvestorspodcastnetwork.supportingcast.fm] (https://theinvestorspodcastnetwork.supportingcast.fm)
21 Apr 2024
1 HR 16 MINS
1:16:56
21 Apr 2024