Introduction

In this chapter, the hosts introduce Bill Miller, a renowned value investor, and discuss his unique approach to value investing that combines deep value investments and investing in good businesses, as well as the importance of volatility in investment performance.

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Episode notes

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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