Semper Augustus: Long Duration Concentrated Equity Investing with an Opportunistic Approach

2:00 On Semper Augustus investing philosophy and process

4:00 On what it means to be an “opportunistic” value investor

12:00 What the Semper Augustus portfolio-level metrics look like relative to the S&P 500

20:00 Why he thinks stocks are attractively valued today

24:00 On how he thinks about valuation

37:00 Chris shares his lessons from studying high price-to-sales stocks

45:00 How Chris spends his day, what he reads, and what podcasts he listens to, and how long he spends doing so

1:00:00 Why he finds ValueLine so valuable

1:07:00 – On the private investing social event he hosts every year

1:12:00 – starts deep discussion on Warren Buffett and Berkshire Hathaway