TIP717: Berkshire Hathaway 2025 w/ Chris Bloomstran

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 27 April 2025

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 11.4% on equities since its fund's inception on 2/28/1999, compared to 8.2% for the S&P 500. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:45 - The importance of being trusted for Warren Buffett and Chris Bloomstran 18:20 - Why you may want to own a 10-year treasury over the S&P 500 over the next decade 20:28 - How to estimate whether you’re in a secular peak 27:43 - How active Berkshire should be on the boards of portfolio companies 36:03 - How to take a deep dive into Berkshire Hathaway’s culture and business model 43:53 - What the intrinsic value of Berkshire Hathaway is, and what type of return you can get moving forward Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here. Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Stig’s 2024 interview with Chris Bloomstran about Berkshire Hathaway. Stig’s 2023 interview with Chris Bloomstran about Berkshire Hathaway. Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway. Chris Bloomstran’s website. Read Chris Bloomstran’s annual letters. Buffett resource on CNBC. Alex Morris’ book, Buffett and Munger Unscripted – read reviews of the book. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining Hardblock Found AnchorWatch Fundrise DeleteMe CFI Education The Bitcoin Way Vanta Shopify Indeed Onramp HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	It's the most wonderful time of the year, like Andy Williams is singing, and no, I'm not talking
0:09.4	about Christmas.
0:10.8	Well, perhaps I am.
0:12.6	It's certainly happy holidays for us value investors.
0:15.4	Berksa Halloway's annual shareholder's meeting is coming up in the first week of May.
0:19.7	Value investors across the globe
0:21.5	are making the annual pilgrimage to Omaha to learn about investing alive from the Oracle himself
0:26.3	and to meet up with all the new friends.
0:29.2	Now how do you best prepare for the Berkshire weekend?
0:32.6	Well, for years, I've been reading Chris Broomsrand's thoughtful letter analyzing the company, and the price
0:38.0	is just right.
0:39.5	Like this podcast, it's completely free.
0:42.6	As tradition would have it, I've invited Chris to join us to do a deep dive on the career
0:46.6	of my conditions and Berksie Heatherway.
0:49.1	So sit back and join me in learning from one of the legends in value investing, Mr. Chris
0:54.1	Brumstrun. Thank you. and join me in learning from one of the legends in value investing, Mr. Chris Broomstrand.
0:58.6	Since 2014 and through more than 180 million downloads,
1:02.8	we've studied the financial markets and read the books that influence self-made billionaires the most.
1:08.3	We keep you informed and prepared for the unexpected. Now for your host,
1:13.3	Dick Broderson.
1:23.1	Welcome to The Investorsen. I'm your host, Dick Br Browerson, and the Berkshire weekend is coming up.
	...

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