In Berkshire, our largest holding, we own a diversified, durably predictable business earning an unleveraged 10% return on equity trading at a wide discount to intrinsic value. Modest use of leverage (offset with more cash), extremely conservative accounting and outstanding governance are all rare qualities. To have them all in one place at today’s price suggests reliably predictable healthy returns for years. - by Chis Bloomstran in his 2021 Letter to Clients
Christopher P. Bloomstran, CFA, is the President and Chief Investment Officer of Semper Augustus Investments Group LLC. Chris has three decades of professional investment experience with a disciplined, value-driven approach to fundamental equity and industry research.
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Berkshire Hathaway investment from the UK
Return to “Stocks and Share Dealing Discussions”
Who is online
Users browsing this forum: No registered users and 15 guests