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Christopher Bloomstran: Value, Patience and Trust as An Edge

In this interview, Christopher Bloomstran, CIO of Semper Augustus, offers a wealth of insights into value investing, ethical business practices, and the critical role of patience and trust in achieving long-term success in both investing and life.

Chris employs a disciplined, value-driven approach to equity and industry research. His firm specializes in managing concentrated portfolios of well-run, well-capitalized businesses trading below intrinsic value.

Here are the key takeaways:

  • Influences and Mentorship: Chris reflects on how his childhood, early relationship with money, and mentors shaped his investment philosophy. He draws inspiration from legendary investors like Warren Buffett and Charlie Munger, whose principles have deeply influenced his approach to value investing.
  • Investment Philosophy: Chris emphasizes the importance of understanding the price of investments relative to intrinsic value. He advocates for patience in navigating market inefficiencies and stresses that ethical management is a cornerstone of successful businesses.
  • Market Trends and Challenges: He discusses market dynamics, including the challenges of holding cash reserves during periods of overvaluation and the importance of disciplined cash allocation during financial crises. He highlights how market inefficiencies can create opportunities for long-term investors.
  • Lessons from Berkshire Hathaway and Apple: Chris examines Apple’s significant role in Berkshire Hathaway’s portfolio, providing insights into how concentrated investments in high-quality businesses can drive success.

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Disclaimer of liability

The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk

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