If Meredith's firm had simply stuck with the portfolio of holdings from when it started Semper Augustus in the late 1990s without making any changes, results would have been a disaster, proving that buy-and-hold forever is incompatible with long-term outperformance.
factualpending
Speaker
Chris MeredithEvidence Quote
“If you had simply taken the Semper portfolio at any point in our history and we just stuck with what we owned when we started the firm in the late '90s, results would have been a disaster”
Source
We Asked Chris Bloomstran Why He Won’t Own the S&P 500 At These Levels — And What He Does Instead— Excess ReturnsCreated: 8/12/2026, 6:13:17 PM
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