Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410
Today’s guest is Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. In today’s episode, we touch on a lot. Chris shares why the best investors are those who can pivot, why a good business doesn’t equate to a good stock, and what lessons he learned from buy and sell decisions he’s made over the years. Then we dive into his thoughts on Berkshire and Warren Buffett to get you prepared for the annual meeting this weekend. He shares his expectations for the company and stock moving forward and why he believes Berkshire is well positioned for the energy transition we’re experiencing today. And don’t think we could get through the episode without touching on some of Chris’ “Twitter Audits” from the past few years.
Key Points
- The best investors are those who can pivot and adjust their strategies, recognizing that a good business does not always equate to a good stock investment.
- Berkshire Hathaway is currently well-positioned for the energy transition, with expectations for the company and stock moving forward being positive, although the decision to sell would be influenced by a significant overvaluation or operational changes.
- The S&P 500's previous decade's returns are unlikely to be repeated, with future expectations needing to account for potential margin contractions and multiple compressions, leading to more modest market performance.
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Transcript
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