Transcript
Introduction
Patrick
My guest this week is Chris Bloomstran, the president and chief investment officer of Semper Augustus Investments Group. He became famous in investing circles a few years ago for his incredibly detailed investigations of Berkshire Hathaway. But we do cover Berkshire towards the end of the conversation we spend most of our time talking about what makes for a quality business. I love some of his angles in the current landscape, including our discussion of companies like Richemont and Disney, which are actively taking distribution back in-house. Please enjoy our conversation.
Biggest Investing Mistake
Patrick
An interesting place to start, which I've really not done before, would be with your biggest mistake, biggest investing mistake. We'll talk a lot about successes and interesting companies over the course of the conversation, but oftentimes we learn most from our biggest screw-ups. And you were talking a little bit about one of those before we hit record. And so let's begin there.