Berkshire Hathaway investment from the UK

[OnMyWatch]

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.