4min chapter

The Fort - An Entrepreneurship Podcast cover image

#171: Chris Bloomstran - President & CIO at Semper Augustus - Finding Value in the Public Markets

The Fort - An Entrepreneurship Podcast

CHAPTER

The Cash Balance Is Going to Push 60 Year's Worth of Cash

There's 70 billion dollars that they can spend. Is a percentage of the firm with 900 billion assets, infinitesimal. And so you know how wou'd love to see them put to work. I assume in my valuation that they'll make seven % returns on that cash. So im in the minority camp. Bhut actually likes having the cash available when needed. But i have no sense of urgency, because these guys count of backt mi.

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