IN THIS EPISODE, YOU’LL LEARN:
0:00:00 – Intro
0:00:10 – Why this period has been “extraordinarily painful” for Bill Miller and many of his peers.
0:00:10 – Why war, inflation, and rising interest rates mean we’re in a new investment regime.
0:05:04 – Why he believes the battered stock market looks poised for a rebound.
0:07:21 – Why he views beaten-down prices and widespread pessimism as signals to buy stocks.
0:07:21 – What stocks he’s looking at now that seem wildly cheap.
0:16:27 – How to handle the emotional pressure of brutal downturns in financial markets.
0:18:58 – How he came to be the biggest individual shareholder of Amazon not named Bezos.
0:27:00 – Why he has over 80% of his personal investment portfolio in Bitcoin and Amazon.
0:29:43 – What other major investments he owns in his personal portfolio.
0:30:37 – Why he’s bullish about Chinese tech and internet stocks like Baidu and Alibaba.
0:57:25 – Why he regards Bitcoin as an insurance policy against financial catastrophe.
1:10:59 – What he thinks Warren Buffett and Charlie Munger don’t understand about Bitcoin.
1:49:29 – Why he plans to retire at the end of 2022 and what he’ll do with his new-found freedom.
2:02:58 – What gives him satisfaction when he looks back on his legendary 40-year career.
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✔️ Subscribe to Bitcoin Fundamentals/We Study Billionaires podcast show: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP
🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/richer-wiser-happier/investing-legend-bill-miller-on-amazon-bitcoin-buffett/
📖BOOKS MENTIONED:
– Richer, Wiser, Happier by William Green – https://amzn.to/3JejudP
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😁
▶️ PAST EPISODES MENTIONED
– The Asymmetric Upside Investments & Bitcoin w/ Bill Miller IV (BTC076) – https://youtu.be/XrY6WOsjDmQ
– Lessons On Investing, Valuation & Life w/ Aswath Damodaran (RWH005) – https://youtu.be/caHm_2U9pUA
– Berkshire Hathaway Annual Shareholders Meeting 2022 | Discussion of The Investor’s Podcast – https://youtu.be/LzaAjzHfVTQ
💡OTHER RESOURCES
– On a Certain Blindness in Human Beings by William James – https://www.uky.edu/~eushe2/Pajares/jcertain.html
– Is Crypto Re-Creating the 2008 Financial Crisis? An interview with Hilary Allen – https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/
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₿ If you’re interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ
📚Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU
🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn
💸Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W
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