The Vigilant Investor’s Guide to Success in Stocks & Life w/ Chris Bloomstran (RWH032)

William Green speaks with Chris Bloomstran, President & Chief Investment Officer of Semper Augustus. 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:
What Chris Bloomstran learned from his brilliant mentor, Robert Smith.
How Chris & Robert skillfully sidestepped the dotcom bubble & crash.
Why Chris named his investment firm after a crazily overvalued tulip.
What Sir John Templeton saw as the best antidote to financial insanity.
What lessons Chris drew from an early investment that fell to zero.
How to succeed in stocks by seeking a “dual margin of safety.”
How his definition of a quality business has evolved.
Why he’s skeptical about Cathie Wood’s ARK portfolio.
Why hot tech stocks like Nvidia are likely to disappoint for many years.
Why he’s wary of hype & “puffery” about Tesla’s glorious future.
Why he’s trimmed great but pricey holdings like Costco & Nike.
Why Chris Bloomstran says it’s so valuable to study Berkshire Hathaway.
How Warren Buffett thinks about intelligent asset allocation.
How share buybacks are mishandled by many companies.
Why most investors shouldn’t pick stocks for themselves.
How Chris manages his time.
What his football coaches taught him about integrity & kindness.
How he’s risen above a painfully difficult childhood.
Why the key to investing success is a fierce work ethic.
How Chris uses social media to criticize what he calls “charlatan promotion.”
What he thinks of Berkshire’s huge stake in Apple.
How he values Berkshire, & why it should outperform the S&P 500.
What a legendary golfer taught him about how to live.

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▶️ RELATED EPISODES:
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🎧 Listen to our episodes here: https://link.chtbl.com/TIP-RWH

🖊️ Access the transcript and learn more about the guest here:
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📖  BOOKS MENTIONED:
Extraordinary Popular Delusions & The Madness of Crowds by Charles Mackay: https://amzn.to/44SbKJx
The Rise & Fall of American Growth by Robert Gordon: https://amzn.to/3EA9jQW
Richer, Wiser, Happier by William Green: https://amzn.to/3EC7aUT

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ABOUT OUR SHOW 🎙 
On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

🌍 Website: https://www.theinvestorspodcast.com/r...

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