{"id":103135,"date":"2026-04-25T20:00:42","date_gmt":"2026-04-26T00:00:42","guid":{"rendered":"https:\/\/www.theinvestorspodcast.com\/?p=103135"},"modified":"2026-04-23T03:11:12","modified_gmt":"2026-04-23T07:11:12","slug":"berkshire-hathaway-2026-valuation-w-chris-bloomstran","status":"publish","type":"post","link":"https:\/\/www.theinvestorspodcast.com\/episodes\/berkshire-hathaway-2026-valuation-w-chris-bloomstran\/","title":{"rendered":"TIP810: Berkshire Hathaway 2026 Valuation w\/ Chris Bloomstran"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:0px;--awb-padding-bottom:10px;--awb-padding-left:0px;--awb-padding-right-medium:14%;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:14%;--awb-padding-right-small:6%;--awb-padding-bottom-small:10px;--awb-padding-left-small:6%;--awb-margin-bottom:2%;--awb-background-color:#c41919;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center podcast-post-title-col\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 fusion-no-small-visibility fusion-no-medium-visibility\" style=\"--awb-content-alignment:center;--awb-font-size:20px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\"><strong>TIP810: BERKSHIRE HATHAWAY 2026 VALUATION<\/strong><\/h1>\n<h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\">W\/ CHRIS BLOOMSTRAN<\/h1>\n<\/div><div class=\"fusion-text fusion-text-2 fusion-no-large-visibility\" style=\"--awb-content-alignment:center;--awb-font-size:20px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><h1 style=\"text-align: center; margin-bottom: 0px; margin-top: 3px; font-size: 20px; color: #ffffff;\"><strong>TIP810: BERKSHIRE HATHAWAY 2026 VALUATION W\/ CHRIS BLOOMSTRAN<\/strong><\/h1>\n<\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-text-transform:none;--awb-text-color:#ffffff;\"><p style=\"text-align: center;\"><span style=\"text-align: center;\">25 April 2026<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling podcast-post-content\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:20%;--awb-padding-bottom:0%;--awb-padding-left:20%;--awb-padding-right-small:6%;--awb-padding-left-small:6%;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0px;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-4\" style=\"--awb-text-transform:none;\"><p><span data-slate-fragment=\"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\">Stig has invited legendary investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway on today&#8217;s show. Semper Augustus has an outstanding track record with a compounded annual growth rate of 12.4% on equities since its fund&#8217;s inception on 2\/28\/1999, compared to 8.5% for the S&amp;P 500. <\/span><\/p>\n<\/div><div class=\"fusion-video fusion-youtube\" style=\"--awb-max-width:1020px;--awb-max-height:574px;--awb-align-self:center;--awb-width:100%;\"><div class=\"video-shortcode\"><lite-youtube videoid=\"j7OLFxaflS4\" class=\"landscape\" params=\"wmode=transparent&autoplay=1&amp;enablejsapi=1\" title=\"YouTube video player 1\" data-button-label=\"Play Video\" width=\"1020\" height=\"574\" data-thumbnail-size=\"auto\" data-no-cookie=\"on\"><\/lite-youtube><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center podcasts-subs-col\" style=\"--awb-padding-top:20px;--awb-padding-bottom:20px;--awb-padding-top-medium:3%;--awb-padding-bottom-medium:5%;--awb-padding-top-small:4%;--awb-padding-bottom-small:6%;--awb-bg-color:#eeeded;--awb-bg-color-hover:#eeeded;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:50px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:5%;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:10%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-row fusion-flex-align-items-center\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_4 1_4 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:7.68%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:0px;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5\"><h3 style=\"text-align: center;\">SUBSCRIBE<\/h3>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_3_5 3_5 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:60%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.2%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:2%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:4%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:0px;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-social-links fusion-social-links-1\" style=\"--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:0px;--awb-margin-left:0px;--awb-alignment:center;--awb-box-border-top:0px;--awb-box-border-right:0px;--awb-box-border-bottom:0px;--awb-box-border-left:0px;--awb-box-padding-right:10%;--awb-box-padding-left:10%;--awb-icon-colors-hover:#c41919;--awb-box-colors-hover:#eeeded;--awb-box-border-color:var(--awb-color3);--awb-box-border-color-hover:var(--awb-color4);--awb-alignment-small:center;\"><div class=\"fusion-social-networks boxed-icons color-type-custom\"><div class=\"fusion-social-networks-wrapper\"><a class=\"fusion-social-network-icon fusion-tooltip fusion-ContactStig fa-envelope fas\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"ContactStig\" aria-label=\"ContactStig\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.theinvestorspodcast.com\/contact-stig\/\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-Apple fa-apple fab\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Apple\" aria-label=\"Apple\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/we-study-billionaires-the-investors-podcast-network\/id928933489\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-youtube awb-icon-youtube\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"YouTube\" aria-label=\"youtube\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.youtube.com\/c\/TheInvestorsPodcastNetwork\"><\/a><a class=\"fusion-social-network-icon fusion-tooltip fusion-spotify awb-icon-spotify\" style=\"color:#3f3f3f;font-size:50px;width:50px;background-color:#eeeded;border-color:#eeeded;border-radius:4px;\" title=\"Spotify\" aria-label=\"spotify\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/open.spotify.com\/show\/28RHOkXkuHuotUrkCdvlOP?si=S-UD1o47Rn-Ltq_fo6B2ig\"><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6\" style=\"--awb-text-transform:none;\"><h3>IN THIS EPISODE, YOU&#8217;LL LEARN:<\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What the intrinsic value of Berkshire Hathaway is, and what type of return you can get going forward<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Why Buffett reads Chris\u2019s annual letter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Chris\u2019s opinion on Greg Abel\u2019s first letter to shareholders\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How should Berkshire management be compensated?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How to think about valuing OpenAI\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Why S&amp;P 500 share buybacks don\u2019t benefit investors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Thinking about<span>\u00a0<\/span><span>investing risk from sudden loss vs. the slow decline of an asset manager<\/span><\/li>\n<\/ul>\n<p><em>Disclosure: This episode and the resources on this page are for informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. For full disclosures,\u00a0<strong><a href=\"https:\/\/www.theinvestorspodcast.com\/disclaimer\/\" target=\"_blank\" rel=\"noopener\">see link<\/a><\/strong>.<\/em><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-text-transform:none;\"><h3>TRANSCRIPT<\/h3>\n<p><i><span style=\"font-weight: 400;\">Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.<\/span><\/i><\/p>\n<p>\u00a0<\/p>\n<p>[00:00:03] <strong>Stig Brodersen:<\/strong> Today&#8217;s episode is one of my absolute favorites of the year, and it&#8217;s becoming a bit of a tradition. I&#8217;m joined once again by my friend Chris Bloomstran from Semper Augustus. Chris is one of those investors I&#8217;ve learned so much from over the years, and every time we sit down, I&#8217;m reminded why he has this unique ability to combine very deep, analytical thinking with very practical, real world understanding of how businesses actually work. Now, to me, Chris is the top authority when it comes to Berkshire.<\/p>\n<p>[00:00:32] <strong>Stig Brodersen:<\/strong> And as always, we publish this conversation right before the annual meeting. We dig deep into what Berkshire is worth today, how to think about intrinsic value and what is actually going on under the hood. We also discussed Greg Abel stepping into Buffett&#8217;s role, how Berkshire should be managed going forward, and what investors should pay attention to right now, not just when it comes to Berkshire, but across markets. So if you care about valuation and understanding businesses at a deeper level, you&#8217;re going to love this one.<\/p>\n<p>[00:01:04] <strong>Intro:<\/strong> Since 2014, with more than 200 million downloads. We have interviewed the world\u2019s best investors, studied deeply the principles of value investing, and uncovered many compelling investment opportunities. We focus on understanding businesses and intrinsic value, investing accordingly and sharing everything we learn with you. This show is not investment advice. It\u2019s intended for informational and entertainment purposes only. All opinions expressed by hosts and guests are solely their own, and they may have investments in the securities discussed. Now for your host, Stig Brodersen.<\/p>\n<p>[00:01:48] <strong>Stig Brodersen:<\/strong> Welcome to The Investor&#8217;s Podcast. I&#8217;m your host, Stig Brodersen, and I&#8217;m here with Chris Bloomstran, and this episode is being published the weekend before the big one. And of course, we&#8217;re talking about the Berkshire Hathaway annual shareholders meeting. Chris, welcome to the show.<\/p>\n<p>[00:02:03] <strong>Chris Bloomstran:<\/strong> I think we&#8217;re making this an annual tradition, but always fun to catch up and look forward to the conversation. Thanks for having me.<\/p>\n<div class=\"expand-content\"><button class=\"expand-toggle\" id=\"expand-toggle-id\">READ MORE<\/button><div class=\"expand-hidden\" style=\"display: none;\"><\/p>\n<div class=\"restrict_transcript\" style=\"text-align: center; margin-top: 40px; width: 500px; border-radius: 5px; padding: 20px; background: #eeeded; color: #000000;\">\n<p class=\"restrict_transcript_p\" style=\"margin-bottom: 0px;\">The full transcript is only available to logged-in users.<\/p>\n<p style=\"margin-bottom: 0px;\">Log in <a class=\"fusion-modal-text-link\" data-toggle=\"modal\" data-target=\".fusion-modal.login-form-modal\" href=\"#\">here<\/a> or create a new account <a href=\"https:\/\/www.theinvestorspodcast.com\/registration\">here<\/a>.<\/p>\n<\/div>\n<p> <\/div><\/div>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-8\" style=\"--awb-text-transform:none;\"><h3>HELP US OUT!<\/h3>\n<p>Help us reach new listeners by leaving us a\u00a0<a href=\"https:\/\/docs.google.com\/presentation\/d\/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI\/edit\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>rating and review<\/strong><\/a>\u00a0on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/we-study-billionaires-the-investors-podcast-network\/id928933489\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Apple Podcasts<\/strong><\/a>! 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Thank you \u2013 we really appreciate it!<\/p>\n<h3>BOOKS AND RESOURCES<\/h3>\n<ul>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Join the exclusive\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/mastermind-2\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">TIP Mastermind Community<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u00a0to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Join <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/intrinsicvalueconference.com\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">The Intrinsic Value Conference<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\"> in Omaha this May 1, 2026!<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Stig\u2019s\u00a0 2025 interview with Chris Bloomstran about <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.theinvestorspodcast.com\/episodes\/berkshire-hathaway-2025-w-chris-bloomstran\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">Berkshire Hathaway<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.\u00a0<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Stig\u2019s\u00a0 2024 interview with Chris Bloomstran about <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.theinvestorspodcast.com\/episodes\/berkshire-hathaway-w-chris-bloomstran\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">Berkshire Hathaway<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.\u00a0<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Stig\u2019s\u00a0 2023 interview with Chris Bloomstran about <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.theinvestorspodcast.com\/episodes\/berkshire-hathaway-masterclass-2023-w-chris-bloomstran\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">Berkshire Hathaway<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.\u00a0<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Chris Bloomstran\u2019s <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.semperaugustus.com\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">website<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.\u00a0<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Read Chris Bloomstran\u2019s <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.semperaugustus.com\/clientletter\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">annual letters<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><span data-slate-string=\"true\">.<\/span><\/u><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Buffett <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/buffett.cnbc.com\/\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><u><strong><span data-slate-string=\"true\">resource on CNBC<\/span><\/strong><\/u><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.\u00a0<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\" data-slate-fragment=\"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\"><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Alex Morris\u2019 book, <\/span><\/span><\/span><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.amazon.com\/Buffett-Munger-Unscripted-Investment-Shareholder\/dp\/1804091413?&amp;linkCode=ll2&amp;tag=tipnetwork-20&amp;linkId=ec2a3f0643add4b70fcec3b67c989b99&amp;language=en_US&amp;ref_=as_li_ss_tl\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">Buffett and Munger Unscripted<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\" data-slate-fragment=\"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\"><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Related\u00a0<\/span><\/span><\/span><a class=\"e-91036-text-link e-91036-baseline e-91036-overflow-wrap-anywhere encore-internal-color-text-announcement e-91036-text-link--use-focus sc-kpDqfm ejcycC\" href=\"https:\/\/prodcast.io\/collections\/we-study-billionaires-the-investor-s-podcast-network\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\" target=\"_blank\" rel=\"nofollow\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">books<\/span><\/strong><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-kAyceB grEoze\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u00a0mentioned in the podcast.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\" 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href=\"https:\/\/www.tiktok.com\/@theinvestorspodcast\" target=\"_blank\" rel=\"nofollow noopener\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Browse through all our episodes (complete with transcripts)\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/we-study-billionaires\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">here<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Try our tool for picking stock winners and managing our portfolios:\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/tip-finance\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">TIP Finance Tool<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Enjoy exclusive perks from our\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/affiliates\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">favorite Apps and Services<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<li data-slate-node=\"element\"><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">Learn how to better start, manage, and grow your business with the\u00a0<\/span><\/span><\/span><a class=\"Link-sc-k8gsk-0 edjgOj sc-ePDLzJ gHKgyS\" href=\"https:\/\/www.theinvestorspodcast.com\/podcasts\/20-best-business-podcasts\/\" data-slate-node=\"element\" data-slate-inline=\"true\" data-encore-id=\"textLink\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><strong><span data-slate-string=\"true\">best business podcasts<\/span><\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">\u2060\u2060<\/span><\/span><\/span><span contenteditable=\"false\">\u2060<\/span><\/a><span data-slate-node=\"text\"><span class=\"sc-fMMURN hGuWHm\" data-slate-leaf=\"true\"><span data-slate-string=\"true\">.<\/span><\/span><\/span><\/li>\n<\/ul>\n<h3>SPONSORS<\/h3>\n<div>Support our free podcast by supporting our <b><span draggable=\"true\"><a href=\"https:\/\/theinvestorspodcast.com\/sponsors\" target=\"_blank\" rel=\"noopener noreferrer\">sponsors<\/a><\/span><\/b>:<\/div>\n<ul>\n<li data-slate-node=\"element\"><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.hardblock.com.au\/join\/fundamentals\" target=\"_blank\" rel=\"nofollow noopener\" 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data-slate-fragment=\"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\"><a class=\"e-10223-text-link e-10223-overflow-wrap-anywhere encore-internal-color-text-announcement e-10223-text-link--use-focus sc-kzqdkY fnwgHd\" href=\"https:\/\/www.vanta.com\/BILLIONAIRES\" target=\"_blank\" rel=\"nofollow noopener\" data-encore-id=\"textLink\" data-slate-node=\"element\" data-slate-inline=\"true\"><span contenteditable=\"false\">\u2060<\/span><span data-slate-node=\"text\"><span class=\"sc-hHOBiw iVhMEe\" data-slate-leaf=\"true\"><strong>Vanta<\/strong><\/span><\/span><\/a><\/li>\n<\/ul>\n<p><em>References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor\u2019s Podcast Network is not responsible for any claims made by them.<\/em><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling connect-section\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:2%;--awb-padding-right:20%;--awb-padding-bottom:0%;--awb-padding-left:20%;--awb-padding-top-small:6%;--awb-padding-right-small:8%;--awb-padding-left-small:8%;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:104%;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_2 1_2 fusion-flex-column\" 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class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-11\" style=\"--awb-content-alignment:center;\"><h1 style=\"text-align: center; margin-bottom: 10px;\">PROMOTIONS<\/h1>\n<p>Check out our latest offer for all The Investor\u2019s Podcast Network listeners!<\/p>\n<p style=\"text-align: center; margin-bottom: 0px; margin-top: 3px;\">\n<\/div><div class=\"fusion-text fusion-text-12\" style=\"--awb-content-alignment:center;\"><!-- Widget Shortcode --><div id=\"custom_html-37\" class=\"widget_text widget widget_custom_html widget-shortcode area-avada-blog-sidebar \" style=\"border-style: solid;border-color:transparent;border-width:0px;\"><h2 class=\"widgettitle\">WSB + BFF + RWH Promotions<\/h2><div class=\"textwidget custom-html-widget\"><a href=\"https:\/\/intrinsicvalue.beehiiv.com\/subscribe\" target=\"_new\"><img decoding=\"async\" src=\"https:\/\/www.theinvestorspodcast.com\/wp-content\/uploads\/2025\/01\/tivp-ad-shownotes-banner.jpg\" alt=\"The Intrinsic Value Newsletter\" style=\"border: 1px solid #dddddd; border-radius: 5px; width: 750px; display: block; margin-left: auto; margin-right: auto;\"><\/a><\/div><\/div><!-- \/Widget Shortcode -->\n<p style=\"text-align: center; margin-bottom: 0px; margin-top: 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NOW<\/button><\/a><\/p>\n","protected":false},"author":6,"featured_media":103136,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[74,15346,14703,14704],"class_list":["post-103135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-episodes","tag-berkshire-hathaway","tag-berkshire-hathaway-2026-valuation","tag-berkshire-hathaway-stock","tag-berkshire-hathaway-valuation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Berkshire Hathaway 2026 Valuation w\/ Chris Bloomstran<\/title>\n<meta name=\"description\" content=\"Stig has invited legendary investor Chris Bloomstran from Semper Augustus to teach us how to value Berkshire Hathaway.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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