TIP180: Legendary Investor Bill Miller on Stocks, Commodities, & Bitcoin

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

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 4 March 2018

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mr. Miller was the former Chairman and Chief Investment Officer for Legg Mason Capital Management where he managed over 75 billion dollars. Today, Miller owns and operates Miller Value Partners. Through the years, Mr. Miller has been called “The Greatest Money Manager of the Decade” by Morningstar, a member of the “Power 30” by SmartMoney, and a member of the “All-Century Investment Team” by Barron’s. During the discussion, Mr. Miller talks about the current market conditions, bond rates, commodities, and cryptocurrencies. IN THIS EPISODE, YOU’LL LEARN: If the change in US fiscal policy will affect bond yields. How and why Bill Miller is using moving day average to time his investment decisions. Why Bill invested in Bitcoin and if he still has a position. The most important cognitive biases for new investors to be aware off. Ask The Investors: Which impact will babyboomers’ retirement have on the stock market . BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Bill Miller’s Company: Miller Value Partners. Preston and Stig’s discussion of one of Bill Miller’s favorite books, Thinking Fast and Slow. Preston and Stig’s interview with Edward Thorp about his book, A Man For All Markets. Every single cognitive bias in one chart. 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 Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI P.
0:02.5	Hey, how's everyone doing out there?
0:04.3	So on today's show, we have one of the biggest names in finance, Mr. Bill Miller.
0:09.5	In the past, Bill has been named the greatest money manager of the decade by Morningstar,
0:14.7	and part of the Power 30 by Smart Money, and he's a member of the all-century investing
0:19.4	team by Barons.
0:21.0	When Bill was the chief investment officer for Leg Mace, and he managed over $75 billion.
0:27.0	And today, Bill is the owner of Miller Value Partners, and I think you're really going
0:31.0	to get a lot out of this conversation because we talk about the recent pullback in the
0:34.9	global equity markets, we talk about commodities, and we even talk a little bit about cryptocurrencies.
0:40.3	And so I have no doubt you guys are going to enjoy this conversation with the extremely
0:44.2	intelligent Bill Miller.
0:50.1	You are listening to THE Investors Podcast, where we study the financial markets and read
0:55.1	the books that influence self-made billionaires the most.
0:58.3	We keep you informed and prepared for the unexpected.
1:02.1	All right, so here with Bill Miller, always such a pleasure to have you on the show, Bill.
1:15.7	Thank you so much for taking time out of your very busy day to be with us.
1:19.0	It's always just such an honor to have you here.
1:21.3	Oh, thanks, thanks, Preston, and happy to do it.
1:23.6	You're a great job.
1:24.6	Thank you, sir.
1:25.6	Thank you very much.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.