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 11.5% on equities since his fund's inception on 2/28/1999, compared to 7.6% for the S&P500. 

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:37 - The impact of holding cash on your portfolio returns.  

24:07 - How to understand the five different components that make up stock market returns.

33:14 - How to estimate the expected return of being invested in the S&P500.

40:57 - What the intrinsic value of Berkshire Hathaway is.

45:51 - How Berkshire Hathaway has allocated capital since 2018.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Stig’s 2023 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.
• Stig’s 2022 masterclass with Chris Bloomstran on valuing Berkshire Hathaway | YouTube Video.
• Stig’s masterclass with Chris Bloomstran on equity valuations | YouTube Video.
• Chris Bloomstran’s website.
• Read Chris Bloomstran’s letters to his clients. 
• Buffett resource on CNBC.
• Check out all the books mentioned and discussed in our podcast episodes here.
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