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We Study Billionaires - The Investor’s Podcast Network
RWH032: The Vigilant Investor w/ Chris Bloomstran
Sep 17, 2023
Chris Bloomstran, President & Chief Investment Officer of Semper Augustus, shares his insights on achieving long-term investment success. He emphasizes the importance of a 'dual margin of safety'—investing in high-quality businesses at great prices. Bloomstran discusses lessons learned from the dot-com bubble, his skepticism towards popular tech stocks like Tesla and Nvidia, and the dangers of irrational exuberance. He also reflects on the mentorship of Robert Smith and the importance of grounding investment strategies in fundamental analysis.
01:22:43
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Quick takeaways
- The importance of seeking a 'dual margin of safety' by owning high-quality businesses at attractive prices for long-term success in investing.
- The value of maintaining a contrarian and skeptical approach in the stock market, learning from the experiences of successful investors like Robert Smith.
Deep dives
The Contrarian Approach of Chris Blumstrand
Chris Blumstrand's investing philosophy is based on being a contrarian and maintaining a skeptical approach. He believes in focusing on fundamental analysis and the value of a business. His early experience of losing money in the stock market taught him the importance of understanding business quality and the price paid for it. He emphasizes the need to avoid popular delusions and maintain discipline in assessing business and management quality.
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