RWH033: Lessons From Buffett & Berkshire w/ Chris Bloomstran

<p>In this episode, William Green speaks with Chris Bloomstran, President &amp; Chief Investment Officer of Semper Augustus. This conversation has been divided into two episodes. Here, in Part 2, Chris discusses what we can learn from studying Berkshire Hathaway &amp; Warren Buffett; weighs the risks of Berkshire’s huge Apple stake; discusses Berkshire’s valuation; &amp; explains why the stock should beat the S&amp;P 500. He also talks about avoiding charlatans and living with integrity.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>02:38 - Why Chris Bloomstran says it’s so valuable to study Berkshire Hathaway.</p><p>05:04 - How Warren Buffett thinks about intelligent asset allocation.</p><p>06:59 - How share buybacks are mishandled by many companies.&nbsp;</p><p>11:30 - How he values Berkshire, &amp; why it should outperform the S&amp;P 500.</p><p>20:40 - Why most investors shouldn’t pick stocks for themselves.</p><p>29:16 - How Chris manages his time.</p><p>40:28 - How he’s risen above a painfully difficult childhood.</p><p>43:42 - Why the key to investing success is a fierce work ethic.</p><p>44:57 - What his football coaches taught him about integrity &amp; kindness.</p><p>54:10 - How Chris uses social media to criticize what he calls “charlatan promotion.”</p><p>58:41 - What he thinks of Berkshire’s huge stake in Apple.</p><p>1:08:15 - What a legendary golfer taught him about how to live.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Chris Bloomstran’s firm&nbsp;<a href="https://www.semperaugustus.com/" rel="noopener noreferrer" target="_blank"><strong>Semper Augustus Investments Group</strong></a></li><li>Chris Bloomstran’s <a href="https://static.fmgsuite.com/media/documents/266ce60e-4a48-4ee8-a4c7-6a0fc794700e.pdf" rel="noopener noreferrer" target="_blank"><strong>2022 Letter to Clients</strong></a><strong>:</str