Lessons from Berkshire Hathaway

This chapter explores the integral role of Berkshire Hathaway in investment portfolios, highlighting its growth, ethical management, and accountable practices. The discussion contrasts long-term value creation with short-term thinking prevalent in many companies, providing insights on disciplined capital allocation and shareholder treatment.

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Episode notes

In this episode, William Green speaks with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation has been divided into two episodes. Here, in Part 2, Chris discusses what we can learn from studying Berkshire Hathaway & Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; & explains why the stock should beat the S&P 500. He also talks about avoiding charlatans and living with integrity.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:38 - Why Chris Bloomstran says it’s so valuable to study Berkshire Hathaway.

05:04 - How Warren Buffett thinks about intelligent asset allocation.

06:59 - How share buybacks are mishandled by many companies.

11:30 - How he values Berkshire, & why it should outperform the S&P 500.

20:40 - Why most investors shouldn’t pick stocks for themselves.

29:16 - How Chris manages his time.

40:28 - How he’s risen above a painfully difficult childhood.

43:42 - Why the key to investing success is a fierce work ethic.

44:57 - What his football coaches taught him about integrity & kindness.

54:10 - How Chris uses social media to criticize what he calls “charlatan promotion.”

58:41 - What he thinks of Berkshire’s huge stake in Apple.

1:08:15 - What a legendary golfer taught him about how to live.

Disclaimer: Slight discrepancies in the timestamps 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.
Chris Bloomstran’s firm Semper Augustus Investments Group
Chris Bloomstran’s 2022 Letter to Clients: “Crazy Train”
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book
Listen to Stig Brodersen’s April 2023 interview with Chris Bloomstran, or watch the video.
Follow Chris Bloomstran on X (AKA Twitter)
Follow William Green on X (AKA Twitter)

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