Semper Augustus is willing to tolerate temporary leverage if a company makes an accretive acquisition and works off the debt over 3-4 years, but is generally skeptical of high leverage and has found over 35 years of investing that conservative leverage discipline 'keeps us out of trouble.'
normativepending
Speaker
Chris SemperEvidence Quote
“tolerate leverage... acquisition... work it off over 3 to 4 years... generally pretty skeptical... keeps us out of trouble.”
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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