Author Topic: Semper Augustus letter  (Read 55167 times)

brk64311

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Re: Semper Augustus letter
« 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 letter
« 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 letter
« 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 letter
« 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