We Study Billionaires - The Investor’s Podcast Network RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran
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Sep 17, 2023 
In this engaging conversation, Chris Bloomstran, President & CIO of Semper Augustus, reveals valuable insights about Berkshire Hathaway and Warren Buffett's investment philosophy. He discusses the critical importance of intelligent asset allocation and why Berkshire's significant stake in Apple presents unique risks. Bloomstran argues that studying Buffett can help investors avoid pitfalls and cultivate integrity in their financial practices. He shares life lessons from past struggles and how a strong work ethic leads to investment success.
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Berkshire Hathaway as a Model
- Study Berkshire Hathaway to learn ethical business practices.
- Learn from Warren Buffett's rational capital allocation and shareholder-friendly approach.
CEO Incentives
- Many CEOs are incentivized by metrics like revenue growth and EBITDA, not return on capital.
- This misalignment can lead to excessive leverage and harm the business’s long-term health.
Share Buyback Mistakes
- Many companies mishandle share buybacks, buying at high prices instead of low.
- This destroys value, especially when companies have better investment opportunities.