Investing

RWH007: Investing Legend Bill Miller On Amazon, Bitcoin, & Buffett

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:
– 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.

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✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: https://link.chtbl.com/RWH07

????️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/richer-wiser-happier/

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

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! ????

▶️ 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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LISTEN ???? TO OTHER SHOWS FROM OUR NETWORK:

₿ If you’re interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ

????Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU

???? Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn

????Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W

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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

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