Semper Augustus Investments Group: 2019 Annual Letter

Once again, Chris Bloomstran's year-end letter is a must-read. Like last year, this is great to read in tandem with Warren Buffett's annual letter, which will be released in the morning.

Link to: 2019 SAI Letter -- MONEY FOR NOTHING

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And if you want to review all of Chris' deep dives into Berkshire, I recommend his 2015 letter, followed by his 2016 interview with Kate Welling, then the 2016 letter, 2017 letter, 2018 letter, and 2019 letter.