TIP438: Berkshire Hathaway Masterclass w/ Chris Bloomstran

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 10 April 2022

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 9.2% after fees (10.0% before fee) since his fund's inception on 2/28/1999 compared to 8.1% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when evaluating the intrinsic value of Berkshire Hathaway. IN THIS EPISODE, YOU'LL LEARN: 01:28 - How is the S&P500 currently values. 05:43 - Whether investors still dollar cost average into the S&P500. 17:53 - How much of the S&P500 return has come from the big five tech companies. 23:29 - What can and more importantly, can’t you read from the 13F filings. 32:51 - Was Berkshire Hathaway’s acquisition of Alleghany a good investment? 44:11 - What stood out in Warren Buffett’s last letter. 49:02 - How will inflation impact Berkshire Hathaway? 1:08:06 - How will the interest rate hikes in 2022 impact Berkshire Hathaway. 1:16:41 - What are Berkshire Hathaway’s normalized earnings? 1:28:14 - What is the intrinsic value of Berkshire Hathaway? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Listen to Stig’s masterclass with Chris Bloomstran on equity valuations or watch the video. Read Chris Bloomstran’s website. Read Chris Bloomstran’s letters to his clients. Buffett resource on CNBC. Chris Bloomstran's Twitter. Chris Bloomstran's LinkedIn. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Bluehost Fintool PrizePicks Vanta Onramp SimpleMining Fundrise TurboTax Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.8	Today's show invited legit investor Chris Broomstrand from Simper Augustus to teach us how
0:08.2	to value Berkshire Hullaway.
0:10.2	Simper Augustus has an outstanding track record for the compounded annual growth rate of
0:14.4	9.2% after fees since exception of the fund in February 1999.
0:20.2	This is compared to 8.1% for the S&P 500.
0:24.0	There is no one in the space I respect as much as Chris Broomstrand when it comes to
0:28.2	valuating Berkshire Hullaway.
0:30.1	So without further ado, here's my conversation with Chris Broomstrand.
0:37.7	You are listening to the Investors Podcast where we study the financial markets and read
0:42.8	the books that influence self-made billionaires the most.
0:45.9	We keep you informed and prepared for the unexpected.
0:58.1	Welcome to the Investors Podcast.
0:59.6	I'm your host, Stickbrotus and Ed.
1:01.8	This doesn't get more excited.
1:03.4	The Berkshire weekend is coming up and we have arguably the leading authority on valuing
1:08.2	Berkshire Hullaway with us here today.
1:10.6	Chris Broomstrand, how are you today, Chris?
1:13.1	Check out wonderful.
1:14.4	Yeah, really looking forward to after a two-year sabbatical now seeing everybody in Omaha.
1:20.3	It's been too long and we're not going to get that many more bites at this apple.
1:23.8	So just counting down a few weeks will certainly be great.
	...

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