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#171: Chris Bloomstran - President & CIO at Semper Augustus - Finding Value in the Public Markets
The Fort - An Entrepreneurship Podcast
The Depreciation Schedules of Fixed Assets Make NoSense
When i think about valuation, i'm simply looking at companies that are abusive of right outs. They're always justified with a company that lives its life in court. You look at things like depreciation schedules of fixed assets. We looked at kinder morgan over the years. A lot of times. I'vod a number of clients that have brought it into portfolios. Retail clients loved the dividend yield. When you got under the hood, you realized that when they were running under a general partner, limited partnership structure,. The cash flows were kind of gravitating their ways into the pockets of the g p. And so no, that rig that was built in 19 99 did not have a
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