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We Study Billionaires - The Investor’s Podcast Network
RWH032: The Vigilant Investor w/ Chris Bloomstran
Sep 17, 2023
01:22:43
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Chris Bloomstran, President & CIO of Semper Augustus, shares insights on achieving long-term success through a dual margin of safety. He warns about irrational exuberance in hot stocks like Tesla & Nvidia. Topics include lessons from a mentor, avoiding the dotcom bubble, quality businesses, skepticism about Cathie Wood's ARK portfolio, and trimming pricey holdings like Costco & Nike.
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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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