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Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410

The Meb Faber Show - Better Investing

CHAPTER

The University of Ross - The Biggest Investment Mistake Ever

Canbester: My single biggest investment mistake ever was having sold ross stores two and a half years after purchase, when the tect bubble was raging. The average business had been crushed as the tech buble raged even all these small, midcap businesses that were trading at seven, eight, nine, ten times earnings. Canbester got that quarterly statement and saw the nas and the tech funds and the janis funds up 70, 80 % in 19 99. And to maintain sanity didn't mean you maintaind clients, because human nature being what it is, they wanted to chase it.

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