Risk Tolerance and the Value of Growth

They discuss tolerance for risk in highly leveraged companies and the misconception that growth and value are opposing concepts. They use Amazon as an example of a valuable and growth-oriented company that many value investors might overlook.

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IN THIS EPISODE, YOU’LL LEARN:

Why Bill thinks some value investors miscalculate the value of Amazon
Why billionaire macro investors think that bond yields might go to 6% in 12-24 months
If the Enterprise Multiple is the best key ratio to filter stocks by
Why Bill thinks Apple was a bad capital allocator and how they have improved since
How Bill views the value of Tesla at the end of 2016

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Edwin Lefevre’s book, Reminiscences of a Stock Operator – Read reviews of this book.
Adam Smith’s book, The Money Game – Read reviews of this book
Related episode: Investing Legend Bill Miller On Amazon, Bitcoin, & Buffett - RWH007.
Related Episode: Legendary Investor Bill Miller - TIP247.

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