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William Green speaks with Bill Miller, an investing legend who famously beat the S&P 500 for 15 years in a row. Bill, the Chairman and Chief Investment Officer of Miller Value Partners, talks about the enticing bargains he sees in today’s beaten-down market and reveals the biggest bets in his personal investment portfolio. He also explains why he’s so bullish on Bitcoin, which he began buying at $200, and why he thinks Warren Buffett is wrong to disdain it.
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IN THIS EPISODE, YOU'LL LEARN:
  • Why this period has been “extraordinarily painful” for Bill Miller and many of his peers.
  • Why war, inflation, and rising interest rates mean we’re in a new investment regime.
  • Why he believes the battered stock market looks poised for a rebound.
  • Why he views beaten-down prices and widespread pessimism as signals to buy stocks.
  • What stocks he’s looking at now that seem wildly cheap.
  • How to handle the emotional pressure of brutal downturns in financial markets.
  • How he came to be the biggest individual shareholder of Amazon not named Bezos.
  • Why he has over 80% of his personal investment portfolio in Bitcoin and Amazon.
  • What other major investments he owns in his personal portfolio.
  • Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.
  • Why he regards Bitcoin as an insurance policy against financial catastrophe.
  • What he thinks Warren Buffett and Charlie Munger don’t understand about Bitcoin.
  • Why he plans to retire at the end of 2022 and what he’ll do with his new-found freedom.
  • What gives him satisfaction when he looks back on his legendary 40-year career.
William Green speaks with Bill Miller, an investing legend who famously beat the S&P 500 for 15 years in a row. Bill, the Chairman and Chief Investment Officer of Miller Value Partners, talks about the enticing bargains he sees in today’s beaten-down market and reveals the biggest bets in his personal investment portfolio. He also explains why he’s so bullish on Bitcoin, which he began buying at $200, and why he thinks Warren Buffett is wrong to disdain it.
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