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

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 18 December 2016

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Edwin Lefevre’s book, Reminiscences of a Stock Operator – Read reviews of this book. Adam Smith’s book, The Money Game – Read reviews of this book Related episode: Investing Legend Bill Miller On Amazon, Bitcoin, & Buffett - RWH007. Related Episode: Legendary Investor Bill Miller - TIP247. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. 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: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ 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! 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Transcript

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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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