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

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: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 JamesIs 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.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Find joy in comfort with Faherty. Use promo code WSB to snag 20% off all your new spring staples!Get the most from your bitcoin while holding your own keys with Unchained Capital. Begin the concierge onboarding process on their site. At the checkout, get $50 off with the promo code FUNDAMENTALS.Send, spend and receive money around the world easily with Wise.Updating your wardrobe or just simply looking for a new fall flannel? Head to Mizzen+Main and use promo code WSB to receive $35 off an order of $125 or more!Instantly elevate your ketone levels with just one dose with Ketone-IQ, a drinkable ketone technology created by H.V.M.N and the US Military. The first 50 people to use the code ALPHA will get 20% off.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Every 28 seconds an entrepreneur makes their first sale on Shopify. Access powerful tools to help you find customers, drive sales, and manage your day-to-day. Start a FREE fourteen-day trial right now!Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.The interval fund, a breakthrough innovation. Only at Mackenzie.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Design is already in your hands with Canva. Start designing for free today.Get a FREE Wealth Protection Kit and learn how thousands are protecting their retirement savings and adding $10,000 (or more) in free Silver with Goldco.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.


by We Study Billionaires - The Investor’s Podcast Network