What Is The REAL Intrinsic Value Of Berkshire Hathaway? w/ Chris Bloomstran (TIP548)

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Күн бұрын

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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 CAGR of 11.5% since his fund's inception on 2/28/1999, compared to 6.9% for the S&P500. There is no one in the space we respect as much as Chris Bloomstran when valuing the intrinsic value of Berkshire Hathaway.
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IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:00:55 - What the intrinsic value of Berkshire Hathaway is
0:1143 - What the P/B of Berkshire Hathaway tells us and what it doesn’t tell us.
0:18:29 - How to think about depreciation and maintenance CAPEX
0:21:54 - Why the insurance business is worth approximately as much as the energy and railroad businesses combined
0:36:56 - How to think about Berkshire Hathaway’s bigger equity positions
1:15:48 - Where you can use Berkshire Hathaway to park cash?
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/e...
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Пікірлер: 29

@WeStudyBillionaires Жыл бұрын

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@InvestingwithTom Жыл бұрын

Chris has knowledge of Berkshire that never ceases to blow my mind 😅

@pelhamh Жыл бұрын

Like you Tom!

@scottiebumich Жыл бұрын

Agreed

@WeStudyBillionaires Жыл бұрын

Thanks so much for watching, Tom!

@maikvoets3628 5 ай бұрын

This is wonderfull and i can listen to this stuff all day. But one question I would like to add to this conversation is what would be considered quality in the stock market? To me the quality that Berkshire brings is continuity. And they are able to deliver reliability in growth by constantly adapting to an ever changing world. Think of it, at different times in its history you could call it either a textile mill, diversified retailer, insurance company, energy company, tech company. Simply by keeping their universe not limited to one industry and making the allocation decission when the cash comes in. This is such a simple concept but so rare to find a company that builds out its business based on rational capital allocation that is not limited to one particular industry. This IMO is the only way to guarantee some form of perpetuity. When old businesses die, like the textile mill, capital allocation decisions divert to other industries... so powerfull!

@_tyler-_- Жыл бұрын

I could listen to this guy all day.

@WeStudyBillionaires Жыл бұрын

Glad you enjoyed the interview, Tyler!

@bigmoose143 Жыл бұрын

Stig, thank you for a wonderful interview with an outstanding guest whom I love. If I may, I would encourage you to open ended questions as opposed to asking a question with a long biased preamble, like using BRK as a proxy for cash. When you give your preamble it really limits the range of answer you are going to get from the guest

@kermitgator Жыл бұрын

Great knowledge

@KamilMauel Жыл бұрын

One of few interviews when an increased playback speed decreases absorption..

@manojbabu999 Жыл бұрын

Legendary 🙏

@WeStudyBillionaires Жыл бұрын

Thanks so much for tuning in!

@scottiebumich Жыл бұрын

Question on attending the meeting. I just bring the proxy statement (with proxy #) to the will call on Friday and get my credential?

@user-pi7zr6ol4o 13 күн бұрын

Bring proof you own shares in Berkshire

@Tableskater Жыл бұрын

Are you guys vcs?

@MaxMustermann-yj1wz Жыл бұрын

Rather buy an world an em etf 🎉

@MH-0101 Жыл бұрын

Boy this guy is making this sound complicated. How about $470billion BV + $40billion operating cash flow x 8 years gives fair value of ~$800 billion.

@rowanwood5397 Жыл бұрын

One reason why I will not buy BH: Apple. Apple's exposure to China, reliance on Chinese manufacturing, is a huge red flag.

@poop11099 Жыл бұрын

So ur a racist

@larrygerry985 Жыл бұрын

Apple is pivoting to India.

@scottiebumich Жыл бұрын

Best to turn off the news as the media hype is just overblown. If you review the history and notes for meetings between the China and us they're becoming more intertwined and have no desire to go to economic war. It is true that at the margin you'll see volatility and some potentially negative tax laws however in the long run China and the US will continue to work together. This whole deglobalization is a short-term over reaction to covid. If you take the long view which is 10 years plus no worries. You can always buy on the Hong Kong Exchange. Don't get caught up in Home Country bias

@rowanwood5397 Жыл бұрын

@@larrygerry985 It will take many years to get out of China, 5-10 according to some analysts.

@svladylen Жыл бұрын

Good for you)