We Study Billionaires - The Investor’s Podcast Network
Business:Investing
In this episode, William Green chats with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. This conversation is so rich that it’s been divided into two episodes. Here, in Part 1, Chris explains how to achieve long-term success by seeking a “dual margin of safety” that comes from owning high-quality businesses at attractive prices. He also warns about the perennial dangers of irrational exuberance, which he now sees in hot stocks like Tesla & Nvidia.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:45 - What Chris Bloomstran learned from his brilliant mentor, Robert Smith.
08:17 - How Chris & Robert skillfully sidestepped the dotcom bubble & crash.
10:00 - What lessons Chris drew from an early investment that fell to zero.
35:17 - Why Chris named his investment firm after a crazily overvalued tulip.
44:53 - What Sir John Templeton saw as the best antidote to financial insanity.
55:38 - How to succeed in stocks by seeking a “dual margin of safety.”
56:51 - How his definition of a quality business has evolved.
1:07:01 - Why he’s skeptical about Cathie Wood’s ARK portfolio.
1:09:02 - Why hot tech stocks like Nvidia are likely to disappoint for many years.
1:11:32 - Why he’s wary of hype & “puffery” about Tesla’s glorious future.
1:17:49 - Why he’s trimmed great but pricey holdings like Costco & Nike.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)
TIP600: Business Durability and Strategy Masterclass with Hamilton Helmer
TIP599: Top Stocks for 2024 w/ Jonathan Boyar
BTC164: Bitcoin & Real Estate w/ Leon Wankum
RWH039: Optimal Performance w/ Daniel Goleman
TIP598: A Tribute to Charlie Munger
We Study Billionaires by The Investor's Podcast Network (Trailer)
BTC163: A Bitcoin HVAC & Hot Water System in the House w/ Michael Schmid (Bitcoin Podcast)
TIP597: Darwin's Investing Lessons w/ Kyle Grieve
TIP596: Building Wealth Through High-Quality Stocks w/ Stig Brodersen and Clay Finck
TIP595: Stock Market History & The AI Bubble w/ Jamie Catherwood
BTC162: The Free Speech Solution - Primal's Miljan Braticevic (Bitcoin Podcast)
RWH038: The $2.6 Trillion Man w/ Rick Rieder
TIP594: Contrarian Investing & Sir John Templeton w/ Scott Phillips
BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)
TIP593: Elon Musk by Walter Isaacson
BTC160: The Hidden Cost of Money w/ Seb Bunney
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
TIP592: Outperforming the Market since 1998 w/ Andrew Brenton
BTC159: Binance, GBTC, FinCEN and More w/ Joe Carlasare & HODL (Bitcoin Podcast)
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Forward Guidance
Macro Voices
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast