Preston talks with Bill Miller IV about finding asymmetric investments like Bitcoin.

• IN THIS EPISODE, YOU'LL LEARN:
• 00:00 - Intro
• 00:18 - Bill's overall thoughts on the current market conditions
• 09:33 - How Bill and his father first found Bitcoin
• 12:33 - Why Bill found Bitcoin to be an asymmetric investment
• 15:32 - Not selling your winners | Margin and Investing
• 19:58 - Thoughts on Musk buying Twitter
• 22:10 - Bitcoin Vs Crypto
• 25:25 - Reinforcing network effect around energy
• 28:14 - Concentrated investing and why it's important
• 30:14 - Mean / Variance Portfolio Theorem
• 33:41 - Dematerialization
• 38:40 - Finding big trends in markets

📖BOOKS MENTIONED:

• Reminiscences of a Stock Operator by Edwin Lefèvre - https://amzn.to/3ycDHyT
• The Psychology of Money by Morgan Housel - https://amzn.to/3s9RmCU

💡OTHER RESOURCES

• Preston's Twitter Account: https://twitter.com/prestonpysh
• Bill's Twitter Account: https://twitter.com/billfour
• Miller Value Partners - https://millervalue.com/