Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 27 April 2022

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s guest is Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. In today’s episode, we touch on a lot. Chris shares why the best investors are those who can pivot, why a good business doesn’t equate to a good stock, and what lessons he learned from buy and sell decisions he’s made over the years. Then we dive into his thoughts on Berkshire and Warren Buffett to get you prepared for the annual meeting this weekend. He shares his expectations for the company and stock moving forward and why he believes Berkshire is well positioned for the energy transition we’re experiencing today. And don’t think we could get through the episode without touching on some of Chris’ “Twitter Audits” from the past few years. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today’s episode is sponsored by MUD\WTR. MUD/WTR is a coffee alternative that supports your morning ritual without all the anxiety and jitters of coffee. Get your starter kit and free frother at mudwtr.com/meb and use code FABER for 15% off. ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Mebb Faver Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser. Better
0:17.4	investing starts here.
0:19.4	The Met Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.4	Didn't industry regulations, he will now discuss any of Cambra's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not reflect the
0:30.8	opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:36.4	What's up everybody?
0:40.8	buckle in.
0:41.8	We got a really fun show for you today. Our guest is
0:44.3	Chris Bloomstrand, president chief investment officer of Semper Augustus. In today's
0:48.6	episode we touch on a lot. Chris shares why the best investors are those who can pivot, why a good business doesn't equate to a good stock,
0:56.0	and what lessons he's learned from buy and sell decisions he's made over the years.
1:00.0	Then we dive into his thoughts on Berkshire and Warren Buffett to get you prepped for the annual meeting this weekend.
1:05.2	He shares his expectations with the company and stock moving forward and why he believes Berkshire is well positioned for the energy transition we're experiencing today and just
1:14.6	what would cause him to sell Berkshire and at what price. And don't think we'd get
1:18.7	through this episode without touching on some of Chris's Twitter audits from the past few
1:22.4	years.
1:24.0	This episode is brought to you by 10 East.
1:26.5	Long time listeners know I've invested in private markets quite a bit myself,
	...

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