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Assessing Berkshire Hathaway's Intrinsic Value and Long-angle Investment Network
Delving into Berkshire Hathaway's intrinsic value assessment, normalized earnings versus reported earnings, and the Long-angle network for alternative investments such as private equity and private credit.
Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 - The impact of holding cash on your portfolio returns.
24:07 - How to understand the five different components that make up stock market returns.
33:14 - How to estimate the expected return of being invested in the S&P500.
40:57 - What the intrinsic value of Berkshire Hathaway is.
45:51 - How Berkshire Hathaway has allocated capital since 2018.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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