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    Chris Bloomstran - Taking Principled Stances

    Chris Bloomstran - Taking Principled Stances

    FromThe Business Brew

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    Chris Bloomstran - Taking Principled Stances

    FromThe Business Brew

    ratings:
    Length:
    132 minutes
    Released:
    Oct 28, 2021
    Format:
    Podcast episode

    Description

    This week Chris Bloomstran stops by The Business Brew to catch up.  Part of this conversation are a bit scary.  Parts you may disagree with.  Regardless, it's very apparent that Chris thinks A LOT about what he is investing in. Chris is the President and Chief Investment Officer of Semper Augustus Investments Group. He is best known for his annual letters; most of which have an incredibly detailed analysis of Berkshire Hathaway. See https://www.semperaugustus.com/clientletter We hope you enjoy the discussion.  Detailed show notes below the Koyfin sponsor and thank yous. Please leave us a rating in your favorite app store.   This episode is brought to you by Koyfin, one of the fastest-growing platforms for financial data and analytics to research stocks and understand market trends. Check out Koyfin.com to see what a Bloomberg-lite, with tons of high-quality fundamental data and a powerful graph engine looks like. Album art photo taken by Mike Ando.  Please see https://www.mikeando.com/ Thank you to Mathew Passy for the podcast production.  You can find Mathew at @MathewPassy on Twitter or at thepodcastconsultant.com In this episode Chris and Bill discuss: 0:34 - Chris' wine hobby 7:34 - Chris setting weight lifting records in high school 11:33 - Playing football against Barry Sanders 17:04 - Pivot to investing 17:47 - What about today rhymes with the late 90s 25:00 - Chris' warning about Twitter, Shopify, and Tesla 28:00 - What rhymes between ARK and Janus 30:54 - How Chris thinks about today's multiples 38:25 - Why Chris has positions in energy companies 43:00 - Chris' use of Twitter and his Twitter threads 50:31 - Chris' love for teaching 53:03 - Bill and Chris discuss Berkshire 60:45 - Berkshire Hathaway Energy and how it fits within the renewable energy landscape 1:04:45 - Discussion about opportunity cost and value traps 1:08:45 - Why Chris is lukewarm on Big Tech 1:10:00 - Chris' take on the idea of never selling a great business 1:16:10 - Chris discusses Costco vs. Amazon and concludes the opportunity cost discussion at 1:18:52 1:22:00 - More energy (in the context of opportunity cost)
    Released:
    Oct 28, 2021
    Format:
    Podcast episode

    Titles in the series (100)

    Welcome to The Business Brew This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast. While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world. We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.” Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification. Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.