The Intrinsic Value Podcast - The Investor’s Podcast Network
MI366: Bill Miller: The Man Who Beat the Markets 15 Years in a Row w/ Shawn O'Malley
Aug 26, 2024
Bill Miller, a legendary investor celebrated for beating the market for 15 consecutive years, shares insights with Shawn O'Malley. They discuss Miller's unique investment philosophy, contrasting it with traditional value investing. He recounts early recognition of Amazon's potential, his bullish stance on Bitcoin, and the lessons learned from the 2008 financial crisis. Miller emphasizes the importance of factor diversification and the role of philosophy in shaping investment strategies, offering a compelling look into the mind of a successful investor.
49:24
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Quick takeaways
- Bill Miller's unique investment strategy focuses on scenario analysis and future possibilities, challenging traditional value investing methods.
- His resilience post-2008 financial crisis illustrates the importance of learning from failure and adapting investment philosophies for long-term success.
Deep dives
Bill Miller's Early Investment Journey
Bill Miller's relationship with investing began at a young age, inspired by his father's interest in financial news. At just 10 years old, he made his first investment in RCA, which significantly valued American technology and innovation at the time. This early success fueled a passion for investing, leading him to pursue a degree in economics and later a PhD in philosophy, where he learned to think critically and strategically. His childhood experience laid the groundwork for a remarkable investment career that unfolded over the following decades.
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