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

We Study Billionaires - The Investor’s Podcast Network

IN THIS EPISODE, YOU’LL LEARN:

• 00:06:41 - Why he views plunging prices and widespread pessimism as signals to buy stocks.
• 00:08:19 - Why this period has been “extraordinarily painful” for Miller and many of his peers.
• 00:08:54 - Why war, inflation, and rising interest rates mean we’re in a new investment environment.
• 00:15:06 - Why he believes the battered stock market looks poised for a rebound.
• 00:15:32 - How to handle the emotional pressure of brutal downturns in financial markets.
• 00:17:31 - How he came to be the biggest individual shareholder of Amazon not named Bezos.
• 00:26:28 - What stocks he’s looking at now that seem wildly cheap.
• 00:25:13 - Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.
• 00:49:39 - Why he regards Bitcoin as an insurance policy against financial catastrophe.
• 00:55:59 - What he thinks Warren Buffett and Charlie Munger don’t understand about Bitcoin.
• 01:15:58 - Why he has over 80% of his personal investment portfolio in Bitcoin and Amazon.
• 01:22:36 - What other major investments he owns in his personal portfolio.
• 01:23:49 - Why he plans to retire at the end of 2022 and what he’ll do with his new-found freedom.
• 01:34:08 - What gives him satisfaction when he looks back on his career as a legendary investor.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Bill Miller’s investment firm, Miller Value Partners.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• “On a Certain Blindness in Human Beings” by William James
• Is Crypto Re-Creating the 2008 Financial Crisis? An interview with Hilary Allen.
• A Meeting of Great Minds: Bill Miller & William Green interview each other in 2021.
• Preston Pysh’s interview with Bill Miller’s son and successor, Bill Miller IV.
• Related Episode: Legendary Investor Bill Miller - TIP247.
• Related Episode: Legendary Investor Bill Miller On Stocks, Commodities, & Crypto - TIP180
• Related Episode: Investing Legend Bill Miller On Apple, Amazon, Bonds, & Tesla - TIP117.
• William Green’s Twitter.

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