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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.
St Louis, MO
semperaugustus.com
Joined August 2018
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    Christopher Bloomstran
    @ChrisBloomstran
    Aug 11, 2019
    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!
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    Patrick OShaughnessy
    @patrick_oshag
    Aug 6, 2019
    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/
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    Christopher Bloomstran
    @ChrisBloomstran
    May 30, 2021
    I read your 2020 annual letter with interest, @chamath. Odd it was published in late May, but we’re all busy. Before commenting on this incredibly bad take of a comparison to Berkshire Hathaway, allow me to help you with some math. First, 1965 to 1974 is TEN years, not nine. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Dec 19, 2020
    Let’s get ready to tumble! Come Monday, $TSLA enters the S&P 500, as the world is aware. This is the one you will tell your grandkids about, or at least the new crop of investors, wondering what the bubble of 2020 was like. Tesla can be your example of the insanity....1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Oct 29, 2022
    Twitter departed the world of public companies just shy of its 9th birthday. To the question of who won and who lost, the answer should be obvious. From a start of $45 on 11/7/13 to Elon's buy this week at $54.20, the shareholder made 20.4%. That's cumulative. 2.1% per year. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Mar 20, 2021
    I see lots of student company write-ups and pitches. Most are better than yesterday's $3,000 ARK Price Target Report for $TSLA. In reading the report its clear the motivation is to promote a higher stock price. The fantasy involved is simply spectacular... 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Jul 27, 2021
    For those that haven’t read Robinhood’s 360-page S-1 and subsequent registration amendment, some brief observations follow on some of the most egregious aspects of one of the most one-sided, enrich the insider casino offerings I’ve ever seen, and there have been some doozies. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Jun 19, 2021
    Upon further review, looks like you crowned yourself the next Mr. Buffett and Berkshire Hathaway in your past THREE annual letters, @chamath. Two weeks ago we had some fun digging in to your selected disclosure methodologies, didn't we? But oh my does it get even more bizarre. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    May 8, 2022
    One of the finest athletic achievements ever seen. Extraordinary heart. 80 to 1 at post, the longest shot in the Derby. No room. Something like 14 lengths behind going into the stretch. Watch this clip at least 10 times. Flabbergasting. Wow, Rich Strike.
    NBC Sports
    00:00
    NBC Sports
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    Christopher Bloomstran
    @ChrisBloomstran
    Nov 2, 2021
    Who would believe that Tesla is now "worth" more than two Berkshire Hathaways? Today’s 8.5% gain added $106 billion in market cap, 2.3x Tesla’s annual REVENUE in a single day. Mr. Market now values the car company at $1.36 trillion, 29.5 times annual trailing revenues. Insane. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Aug 18, 2021
    Dear Cathie, I was surprised at the indignity of seeing a high-profile investor short your largest product, so sought to determine why. Examining the $ARKK June 30 Factsheet, it appears devoid of what some investors refer to as “fundamental data.” Important? Let's see...1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Dec 5, 2020
    The water is chummed. @elonmusk already hooked a whale, an endless supply of dumb money in the S&P committee that compelled its passive followers to buy $TSLA shares at any price, providing it the ongoing capital it needs to grow (because it doesn’t produce it internally)... 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    Jan 22, 2022
    Want entertainment? Read the Microstrategy recent 10-Q and Investor Day presentation. Jesus H. These guys took an UNLEVERAGED $500m revenue, $500m book value company earning 7% on equity to then BORROW $2.1 BILLION, sell $900m in shares, to purchase $3.2 BILLION of...BITCOIN. 1/
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    Christopher Bloomstran
    @ChrisBloomstran
    May 30, 2021
    Replying to @ChrisBloomstran
    Lastly, I’d look into getting somebody to check your math before releasing your annual year-end letter next May. You control a lot of money and surely have resources. The picture of the jet is nice. Perhaps there's room at your shop for a fact checker?
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    Christopher Bloomstran
    @ChrisBloomstran
    Aug 2, 2022
    AMDT Digital $HKD passes Facebook at $435 billion market cap. One more trading halt and resumption of trading and AMDT will be larger than Berkshire Hathaway. Why spend 57 years compounding when you can get there in two weeks? The casino is alive and well.