Microsoft - You Can't Repeat for the Next 15 What You've Done for the Last 15

This week Chris Bloomstran stops by The Business Brew to catch up.  Part of this conversation are a bit scary.  Parts you may disagree with.  Regardless, it's very apparent that Chris thinks A LOT about what he is investing in.

Chris is the President and Chief Investment Officer of Semper Augustus Investments Group. He is best known for his annual letters; most of which have an incredibly detailed analysis of Berkshire Hathaway. See https://www.semperaugustus.com/clientletter

We hope you enjoy the discussion.  Detailed show notes below the Koyfin sponsor and thank yous.

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This episode is brought to you by Koyfin, one of the fastest-growing platforms for financial data and analytics to research stocks and understand market trends. Check out Koyfin.com to see what a Bloomberg-lite, with tons of high-quality fundamental data and a powerful graph engine looks like.

Album art photo taken by Mike Ando.  Please see https://www.mikeando.com/

Thank you to Mathew Passy for the podcast production.  You can find Mathew at @MathewPassy on Twitter or at thepodcastconsultant.com

In this episode Chris and Bill discuss:

0:34 - Chris' wine hobby

7:34 - Chris setting weight lifting records in high school

11:33 - Playing football against Barry Sanders

17:04 - Pivot to investing

17:47 - What about today rhymes with the late 90s

25:00 - Chris' warning about Twitter, Shopify, and Tesla

28:00 - What rhymes between ARK and Janus

30:54 - How Chris thinks about today's multiples

38:25 - Why Chris has positions in energy companies

43:00 - Chris' use of Twitter and his Twitter threads

50:31 - Chris' love for teaching

53:03 - Bill and Chris discuss Berkshire

60:45 - Berkshire Hathaway Energy and how it fits within the renewable energy landscape

1:04:45 - Discussion about opportunity cost and value traps

1:08:45 - Why Chris is lukewarm on Big Tech

1:10:00 - Chris' take on the idea of never selling a great business

1:16:10 - Chris discusses Costco vs. Amazon and concludes the opportunity cost discussion at 1:18:52

1:22:00 - More energy (in the context of opportunity cost)