MI366: Bill Miller: The Man Who Beat the Markets 15 Years in a Row w/ Shawn O'Malley
The Intrinsic Value Podcast - The Investor’s Podcast Network
Lessons in Financial Resilience
In this chapter, an experienced investor shares their journey through significant losses, emphasizing the value of simplicity in investment strategies and effective risk management. They also introduce financial management tools for entrepreneurs, including Found and NetSuite, that enhance efficiency and oversight.
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down the life and career of the great Bill Miller, the only investor to ever beat the market for 15 consecutive years.
You’ll learn how Miller invested in his first stock, Miller’s investment approach and how it differs from classical value investors, what Miller recognized as an early investor in Amazon, why he’s bullish on Bitcoin, how Miller bounced back from the 2008 Financial Crisis, how philosophy shaped his performance as an investor, plus so much more!
IN THIS EPISODE, YOU’LL LEARN
00:00 - Intro
00:08 - How Miller got his start as an investor
03:27 - How philosophy shaped Miller’s investment approach
05:26 - What is different about how Miller thinks about value investing
08:52 - What Miller recognized about Amazon before Wall Street
10:07 - Why most investors don’t have enough factor diversification
11:22 - What Miller learned from Peter Lynch
17:36 - How the cost of capital impacts companies’ ability to create shareholder value
20:57 - What went wrong for Miller during the Financial Crisis
24:09 - Why Miller decided to go solo and leave Legg Mason
31:02 - Why Miller and his son are bullish on Bitcoin
35:07 - Why Miller is usually worried about nothing in markets
*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 Kyle and the other community members.
- R.J. Shook's book, The Winner’s Circle.
- Peter Lynch's book, One Up On Wall Street.
- William Green's book, Richer, Wiser, Happer.
- Check out The Value Investor’s Case for Bitcoin.
- Check out Why I’m Still Betting on Bitcoin.
- Check out the books mentioned in the podcast here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our Millennial Investing Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
Connect with Shawn: Twitter | LinkedIn | Email
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Remember Everything You Learn from Podcasts
