RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 17 September 2023
⏱️ 78 minutes
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| 0:00.0 | Hi there, this is part two of my conversation with Chris Bloomstrand, a terrific investor |
| 0:08.5 | who's the president and chief investment officer of Semperor, Gustus Investment Group. |
| 0:14.3 | Chris has an excellent long-term record over the last three decades, but he's probably |
| 0:18.7 | best known as one of the world's leading experts on Berkshire Hathaway. |
| 0:23.1 | Chris's annual letter to clients has developed a cult following, not least because it includes |
| 0:28.5 | an amazingly detailed analysis of Berkshire. |
| 0:32.1 | In his most recent letter, he devoted 59 pages by my count to analyzing Berkshire's many |
| 0:39.1 | different businesses and valuing the company in four different ways. |
| 0:44.2 | That attention to detail gives you a sense of how fiercely driven, obsessive and intense |
| 0:50.7 | Chris's when it comes to analyzing stocks. |
| 0:54.3 | In this part of our conversation, we talk in some depth about why investors and CEOs |
| 0:59.8 | should study Berkshire Hathaway and what they can learn from Warren Buffett about things |
| 1:04.1 | like how to allocate capital more intelligently and how to think rationally about share |
| 1:09.6 | buybacks and also how to treat shareholders more nobly and honorably and fairly as partners. |
| 1:18.2 | We also discuss the merits and risks of Buffett's enormous investment in Apple. |
| 1:23.9 | And Chris explains why he expects Berkshire to outperform the S&P 500 over the next decade. |
| 1:30.6 | Along the way, we also chat about why most investors shouldn't pick individual stocks |
| 1:35.7 | for themselves and why they should be extremely careful of the casino side of Wall Street, |
| 1:42.0 | which is full of smooth talking promoters who are good at spinning stories and making |
| 1:47.4 | themselves extremely rich, but are not necessarily looking out for the best interests of unsuspecting |
| 1:53.3 | retail investors. |
| 1:54.3 | As you'll hear in this very candid conversation, Chris has some intensely personal reasons |
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