Chris Blumshran: An Opportunistic Value Investor

Chris Blumshran, the founder and president of Semper Augustus Investments, joins John Rotanti on the J Ro Show. Blumshran describes his firm's investment approach, which focuses on long-duration, concentrated equity portfolios. He emphasizes the importance of management integrity and balance sheet integrity when evaluating investments. Blumshran shares examples of opportunistic investments, such as buying refiners when the energy component of the S&P was low. He also emphasizes the significance of valuation and discusses how paying a low multiple is crucial for long-term compounded returns. Throughout the interview, he delves into his reading habits, including his reliance on company-specific information, earnings calls, podcasts, and publications like Grant's and ValueLine.