Author Topic: Semper Augustus  (Read 67246 times)

brk64311

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Re: Semper Augustus
« Reply #110 on: February 24, 2020, 08:13:33 AM »
The letter contains many helpful insights and very thorough analysis of BRK. But anyone else has issue with the way he proves that high growth of Fab 5 is "mathematically impossible" as shown by the tables on P63 and P64? We can discuss/debate all day about many fundamental reasons why Fab 5 will or will not grow at high rates for the next decade or two, but high growth of any company will not mathematically impossible. I believe the set up of the tables were mathematically wrong, as you need to account for the growth of Fab 5 in the first grow of the table, i.e. you can not assume S&P as a whole will only grow 4% when Fab 5 (part of S&P) grow, say 20%, for two decades. The right way is to calculate the first row in the table by assuming all companies other than Fab 5 grow 4% and Fab 5 grow at whatever rates you assume.


mjs111

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Re: Semper Augustus
« Reply #111 on: April 30, 2020, 08:33:48 AM »
Chris Bloomstran has a good one hour interview on the April 30th "Invest Like The Best" podcast.

https://podcasts.apple.com/us/podcast/invest-like-the-best/id1154105909

Mike

« Last Edit: April 30, 2020, 08:37:44 AM by mjs111 »

zarley

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Re: Semper Augustus
« Reply #112 on: April 30, 2020, 10:51:36 AM »
Chris Bloomstran has a good one hour interview on the April 30th "Invest Like The Best" podcast.

https://podcasts.apple.com/us/podcast/invest-like-the-best/id1154105909

Mike

Awesome.  Thanks for the heads-up.

longterminvestor

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Re: Semper Augustus
« Reply #113 on: May 19, 2020, 07:27:56 AM »
Tobias Carlisle interview (good podcast on its own).  He just interviewed Mr. Bloomstran.  Good insight. 

Listen to Tulip Mania: Chris Bloomstran on Warren Buffett and Berkshire Hathaway with Tobias Carlisle on The Acquirers Podcast from The Acquirers Podcast on Apple Podcasts.

https://podcasts.apple.com/us/podcast/the-acquirers-podcast/id1454112457?i=1000474944217

ValueMaven

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Re: Semper Augustus
« Reply #114 on: February 14, 2021, 10:21:53 AM »
When will his 2020 letter come out??  This guy has the best view on Berkshire out of anyone IMHO.  Very detailed analysis.  Something like 30% of his fund is in Berkshire currently.  I really like how he triangles valuation: SOTP, DCF, NI etc.  Starting a thread here (now) so we can talk about his section on Berkshire. 

wabuffo

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Re: Semper Augustus
« Reply #115 on: February 14, 2021, 10:31:35 AM »
2016 letter ---   52 pgs
2017 letter ---   85 pgs
2018 letter ---  112 pgs
2019 letter ---  128 pgs
2020 letter ----   ?  pgs

What's the over/under line?  150 pgs this year?   :o

wabuffo



John Hjorth

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Re: Semper Augustus
« Reply #116 on: February 14, 2021, 11:29:32 AM »
ValueMaven,

Any day now, I think.
« Last Edit: February 14, 2021, 09:55:02 PM by John Hjorth »
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

Buckeye

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Re: Semper Augustus
« Reply #117 on: February 20, 2021, 04:48:57 AM »
The 2020 Letter is out. Thank you to Mr. Bloomstran for allowing all to access it.

https://www.semperaugustus.com/clientletter


ValueMaven

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Re: Semper Augustus
« Reply #118 on: February 20, 2021, 05:52:10 AM »
'The sum total of capital allocation at Berkshire in 2020 was fantastic.'

boilermaker75

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Re: Semper Augustus
« Reply #119 on: February 20, 2021, 06:25:36 AM »
The 2020 Letter is out. Thank you to Mr. Bloomstran for allowing all to access it.

https://www.semperaugustus.com/clientletter

I know what I am doing this weekend!