This week Chris Bloomstran stops by The Business Brew to catch up. Part of this conversation are a bit scary. Parts you may disagree with. Regardless, it's very apparent that Chris thinks A LOT about what he is investing in.
Chris is the President and Chief Investment Officer of Semper Augustus Investments Group. He is best known for his annual letters; most of which have an incredibly detailed analysis of Berkshire Hathaway. See https://www.semperaugustus.com/clientletter
We hope you enjoy the discussion. Detailed show notes below the Koyfin sponsor and thank yous.
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Album art photo taken by Mike Ando. Please see https://www.mikeando.com/
Thank you to Mathew Passy for the podcast production. You can find Mathew at @MathewPassy on Twitter or at thepodcastconsultant.com
In this episode Chris and Bill discuss:
0:34 - Chris' wine hobby
7:34 - Chris setting weight lifting records in high school
11:33 - Playing football against Barry Sanders
17:04 - Pivot to investing
17:47 - What about today rhymes with the late 90s
25:00 - Chris' warning about Twitter, Shopify, and Tesla
28:00 - What rhymes between ARK and Janus
30:54 - How Chris thinks about today's multiples
38:25 - Why Chris has positions in energy companies
43:00 - Chris' use of Twitter and his Twitter threads
50:31 - Chris' love for teaching
53:03 - Bill and Chris discuss Berkshire
60:45 - Berkshire Hathaway Energy and how it fits within the renewable energy landscape
1:04:45 - Discussion about opportunity cost and value traps
1:08:45 - Why Chris is lukewarm on Big Tech
1:10:00 - Chris' take on the idea of never selling a great business
1:16:10 - Chris discusses Costco vs. Amazon and concludes the opportunity cost discussion at 1:18:52
1:22:00 - More energy (in the context of opportunity cost)