Chris Bloomstran, President and Chief Investment Officer of Semper Augustus Investments Group, just wrote a letter to The Walt Disney Company and Bob Chapek, the company’s CEO. Chris is a very long-term investor and, while he agreed with some of the thoughts recently shared by Dan Loeb in his own letter to the company, he was also a little concerned about some other aspects of that letter. So he wrote his own letter outlining his viewpoint, and was kind enough to allow me to share it below.