Value Investor Bill Miller Talks About Amazon And Bitcoin

Value Investor Bill Miller Talks About Amazon And Bitcoin

Gate Trade News Saturday, June 27, 2020 40 0

Legendary former portfolio manager of Legg Mason Value Trust, Bill Miller was in Las Vegas yesterday at the Forbes/SHOOK Top Advisor Summit at the Wynn talking about his favorite holdings including Amazon and Bitcoin.

 

Miller, who famously beat the S&P 500 every year from 1991 to 2005 is now the chairman of Miller Value Partners, which has some $3 billion under management, and is run similarly to a family office, but does accept outside investors in its two mutual funds and a hedge fund.

 

Miller, 70, spoke mostly about some of his bigger positions and defended his reputation as a “perma-bull”, citing data that shows that the stock market historically has had positive annual return about 70% of the time.