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We Study Billionaires - The Investor’s Podcast Network

TIP 117 : Value Investing Legend, Bill Miller (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 18 December 2016

⏱️ 52 minutes

🧾️ Download transcript

Summary

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


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Transcript

Click on a timestamp to play from that location

0:00.0

We study billionaires and this is episode 117 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. They'll test the waters, tell you what it's called.

0:19.0

They'll give you actionable investing strategies.

0:23.0

Your host Preston Pish and Stig Broderson.

0:29.0

Hey, hey, hey, how's everybody doing out there? My name is Preston Pish and I'm your host for the Investors Podcast.

0:35.0

And as usual, I'm a company by my co-host Stig Broderson, out in Seoul, South Korea.

0:40.0

And hold on to your hats, folks, because today we have one of the biggest names in finance with us.

0:46.0

And his name is Mr. Bill Miller.

0:48.0

Bill has been named fund manager of the decade by Morningstar.

0:53.0

He's been ranked as the top 30 most influential people in investing by smart money.

0:58.0

He's the former chairman and chief investment officer of leg Mason Capital Management.

1:03.0

And he has a very long list of similar titles and accomplishments.

1:07.0

So let me give you some numbers here. In 1990, Bill was managing $750 million.

1:12.0

And within 15 years, that was up to $75 billion.

1:17.0

He beat the S&P 500 for 15 straight years.

1:21.0

And just if you're wondering what the odds of doing something like that is, it's 1.2.3 million.

1:27.0

That's how hard that is to do.

1:29.0

So I think I speak for everyone, Bill, by saying, thank you so much for taking time, your valuable time out of your day to talk to us.

1:38.0

I know our audiences are huge value investors. We're big warm-buffet followers.

1:43.0

So having a person like you on our show is just so exciting. And I know our audience is going to learn so much.

1:48.0

Great question. Thanks for having me.

...

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