Legendary Investor Bill Miller: Signals to Buy Stocks (RWH007)

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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.

IN THIS EPISODE, YOU'LL LEARN:
0:00:00 - Intro
0:00:10 - Why this period has been “extraordinarily painful” for Bill Miller and many of his peers.
0:00:10 - Why war, inflation, and rising interest rates mean we’re in a new investment regime.
0:05:04 - Why he believes the battered stock market looks poised for a rebound.
0:07:21 - Why he views beaten-down prices and widespread pessimism as signals to buy stocks.
0:07:21 - What stocks he’s looking at now that seem wildly cheap.
0:16:27 - How to handle the emotional pressure of brutal downturns in financial markets.
0:18:58 - How he came to be the biggest individual shareholder of Amazon not named Bezos.
0:27:00 - Why he has over 80% of his personal investment portfolio in Bitcoin and Amazon.
0:29:43 - What other major investments he owns in his personal portfolio.
0:30:37 - Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.
0:57:25 - Why he regards Bitcoin as an insurance policy against financial catastrophe.
1:10:59 - What he thinks Warren Buffett and Charlie Munger don’t understand about Bitcoin.
1:49:29 - Why he plans to retire at the end of 2022 and what he’ll do with his new-found freedom.
2:02:58 - What gives him satisfaction when he looks back on his legendary 40-year career.

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📖BOOKS MENTIONED:
- Richer, Wiser, Happier by William Green - https://amzn.to/3JejudP

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▶️ PAST EPISODES MENTIONED
- The Asymmetric Upside Investments & Bitcoin w/ Bill Miller IV (BTC076) - https://youtu.be/XrY6WOsjDmQ
- Lessons On Investing, Valuation & Life w/ Aswath Damodaran (RWH005) - https://youtu.be/caHm_2U9pUA
- Berkshire Hathaway Annual Shareholders Meeting 2022 | Discussion of The Investor's Podcast - https://youtu.be/LzaAjzHfVTQ

💡OTHER RESOURCES
- On a Certain Blindness in Human Beings by William James - https://www.uky.edu/~eushe2/Pajares/jcertain.html
- Is Crypto Re-Creating the 2008 Financial Crisis? An interview with Hilary Allen - https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/

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Видео Legendary Investor Bill Miller: Signals to Buy Stocks (RWH007) канала The Investor's Podcast Network