Wednesday, April 6, 2016

Semper Augustus Investments Group: 2015 Annual Letter

For all fans and followers of Berkshire Hathaway, this is a must-read. I've known and have been friends with Chris Bloomstran for several years and on February 1st of this year, he released his annual letter to clients, which is now available on the Semper Augustus website. It's a colossal 70-page effort, of which the majority is the best deep-dive into Berkshire Hathaway and its valuation that I've seen. He views some things differently from what often gets reported (such as the Gen Re and Burlington Northern acquisitions), and I really appreciate the effort he put into this. And if any readers happen to know the journalists asking questions at the Berkshire Hathaway Annual Meeting this year, please try and get this in their hands!

Chris and Chad are still adding things to their new website, but so far they've also posted a number of their previous letters, which you can find HERE. And if you subscribe to Welling On Wall Street, Chris also recently spoke to Kate Welling in an issue released last week.