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. 

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

10:21 - The intrinsic value of Berkshire Hathaway and what the P/B of Berkshire Hathaway tells us & what it doesn’t tell us. 

16:34 - How to think about depreciation and maintenance CAPEX

19:02 - Why the insurance business is worth approximately as much as the energy and railroad businesses combined

35:17 - How to think about Berkshire Hathaway’s bigger equity positions

1:13:49 - Where you can use Berkshire Hathaway to park cash? 

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, and the other community members.
• Listen to Stig’s masterclass with Chris Bloomstran on valuing Berkshire Hathaway or watch the video. 
• Tune in to Stig’s masterclass with Chris Bloomstran on equity valuations or watch the video.
• Chris Bloomstran’s website.
• Read Chris Bloomstran’s letters to his clients. 
• Buffett resource on CNBC.

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