▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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 –
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) –
– Lessons On Investing, Valuation & Life w/ Aswath Damodaran (RWH005) –
– Berkshire Hathaway Annual Shareholders Meeting 2022 | Discussion of The Investor’s Podcast –
💡OTHER RESOURCES
– On a Certain Blindness in Human Beings by William James –
– Is Crypto Re-Creating the 2008 Financial Crisis? An interview with Hilary Allen –
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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