Stig has invited legend investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today's show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:37 - The impact of holding cash on your portfolio returns.
24:07 - How to understand the five different components that make up stock market returns.
33:14 - How to estimate the expected return of being invested in the S&P500.
40:57 - What the intrinsic value of Berkshire Hathaway is.
45:51 - How Berkshire Hathaway has allocated capital since 2018.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Stig’s 2023 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.
- Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.
- Stig’s masterclass with Chris Bloomstran on equity valuations | YouTube Video.
- Chris Bloomstran’s website.
- Read Chris Bloomstran’s letters to his clients.
- Buffett resource on CNBC.
- Check out all the books mentioned and discussed in our podcast episodes here.
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