Christopher Bloomstran
@ChrisBloomstran
Nothing here is advice. Drop the phone and slowly back away from the Twitter. Read a 10-K. It’s a profession, not a business. Disclosure: http://bit.ly/3y5UhNt
Thanks to Patrick for prompting me to Twitter. Paraphrasing the immemorial words of Mr. Buffett, I suppose I’m now in the house...We’ll see if I do this more than 6 times in 6 years!
My conversation with Chris Bloomstran, CIO of Semper Augustus on how to define quality in business - the capacity for re-investment - controlling distribution - making permanent sacrifices - the intricacies of Berkshire - proxy statements + incentives investorfieldguide.com/bloomstran/
Try topping this, perhaps the most American AI image ever created! Happy 4th!
CFA charterholders have until noon eastern today to vote their proxies. Sadly, a series of egregious proposals smack of poor governance. Please take a moment to read below and vote. You can vote w/o passwords via an email sent to you by the CFA Institute on Thursday July 17.
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
If you’re a CFA charter holder, please read this from @ChrisBloomstran
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
Hearing CFAs having problems voting through the Institute website, difficult obtaining election validation #s. You should have received an email from the Institute on Thursday July 17 with a portal link NOT REQUIRING an ID or password. Please🙏resend/retweet my message below.👇
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
If Warren Buffett is the G.O.A.T of investing, Dr. Ryan Nunley is the 🐐 of orthopedic surgery. Thanks from the bottom of my heart to the world-class team at @WashUMedOrtho. My 2nd hip replacement in 19 months today. Arrived at 6:10 AM, surgery at ~9:10, walking at noon, home at…
🇺🇸 Happy Independence Day! Also consider the extraordinary but eerie coincidence that John Adams and Thomas Jefferson, the second and third U.S. presidents, both died on July 4, 1826, precisely the 50th anniversary of the Declaration of Independence. Jefferson drafted the…
A few worthwhile rabbit holes to jump down on investing and golf. Thanks to @iancassel and @jtkoster. Unrelatedly but fittingly reminds me that for years on July 4 I would read the Declaration, the Constitution, and the USGA Rules of Golf.
I enjoyed the thoughts from @iancassel in this chat, especially the golf analogies. It reminded me of more parallels between golf, investing, and greatness, as exemplified by the legend that was Ben Hogan. In Omaha for the Berkshire Meeting this year, a friend, also named Ben,…
I enjoyed the thoughts from @iancassel in this chat, especially the golf analogies. It reminded me of more parallels between golf, investing, and greatness, as exemplified by the legend that was Ben Hogan. In Omaha for the Berkshire Meeting this year, a friend, also named Ben,…
I had a blast sitting down with @IrrationalMrkts to talk about a somewhat controversial topic. What is the difference between Good, Great, and G.O.A.T (Greatest Of All Time) stock pickers? Hope you enjoy the conversation. microcapclub.com/what-is-the-di…
This fraud is apparently still happening. Neither I, nor Semper Augustus, post or solicit investment advice on WhatsApp.
Community Service Alert: We learned I have an imposter using WhatsApp to sell subscriptions for investment advice. THIS IS A FRAUD AND IS NOT ME. If you happen to see this or are contacted, I’d ask that you please report the matter. We are contacting WhatsApp but it could recur.
Great post on the amendments during the financial crisis to a number of the put options Berkshire had sold which all ultimately expired out of the money. While widely criticized at times, these were brilliant, exposed Berkshire to virtually no risk and resulted in zero losses.
Benn's tweet about Buffett's sale of long-term equity puts in the 2007 period got me going down the rabbit hole to remember this bet & its outcome: 1) In addition to Buffett insisting on no mark-to-market capital calls having to be paid by BRK for the duration of the put option,…
Greg Abel being handed the reins as Berkshire Hathaway CEO by Warren Buffett during Warren’s lifetime was the ideal way to transition leadership. Perhaps as important to maintaining Berkshire’s culture and vast competitive advantage is who eventually replaces Ajit Jain in…