RWH007: Investing Legend Bill Miller On Amazon, Bitcoin, & Buffett

Episode • May 24, 2022 • 1h 47m

IN THIS EPISODE, YOU’LL LEARN:

00:06:41 - Why he views plunging prices and widespread pessimism as signals to buy stocks.
00:08:19 - Why this period has been “extraordinarily painful” for Miller and many of his peers.
00:08:54 - Why war, inflation, and rising interest rates mean we’re in a new investment environment.
00:15:06 - Why he believes the battered stock market looks poised for a rebound.
00:15:32 - How to handle the emotional pressure of brutal downturns in financial markets.
00:17:31 - How he came to be the biggest individual shareholder of Amazon not named Bezos.
00:26:28 - What stocks he’s looking at now that seem wildly cheap.
00:25:13 - Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.
00:49:39 - Why he regards Bitcoin as an insurance policy against financial catastrophe.
00:55:59 - What he thinks Warren Buffett and Charlie Munger don’t understand about Bitcoin.
01:15:58 - Why he has over 80% of his personal investment portfolio in Bitcoin and Amazon.
01:22:36 - What other major investments he owns in his personal portfolio.
01:23:49 - Why he plans to retire at the end of 2022 and what he’ll do with his new-found freedom.
01:34:08 - What gives him satisfaction when he looks back on his career as a legendary investor.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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