Bill Miller: the Philosophy Behind His Investing Approach w/ Shawn O'Malley (MI366)

In today’s episode, Shawn O’Malley breaks down the life and career of the great Bill Miller, the only investor to ever beat the market for 15 consecutive years.

Learn about Miller's investment journey, his unique approach, early investment in Amazon, bullish stance on Bitcoin, and how he recovered from the 2008 Financial Crisis.

IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:00:33 - How Miller got his start as an investor
0:04:42 - How philosophy shaped Miller’s investment approach
0:05:40 - What is different about how Miller thinks about value investing
0:10:50 - Why most investors don’t have enough factor diversification
0:12:08 - What Miller learned from Peter Lynch
0:15:38 - What Miller recognized about Amazon before Wall Street
0:18:52 - How the cost of capital impacts companies’ ability to create shareholder value
0:22:33 - What went wrong for Miller during the Financial Crisis
0:26:50 - Why Miller decided to go solo and leave Legg Mason
0:31:44 - Why Miller and his son are bullish on Bitcoin
0:40:14 - Why Miller is usually worried about nothing in markets

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▶️ RELATED EPISODES:
-Howard Marks Memos: Finding Fewer Losers and More Winners w/ Shawn O’Malley:    • Howard Marks Memos: Finding Fewer Losers a...  
More Than You Know: Financial Wisdom for Wise Investing w/ Shawn O’Malley:    • More Than You Know: Financial Wisdom for W...  

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📖 BOOKS MENTIONED:
The Winner’s Circle by R.J. Shook: https://amzn.to/3WZ9mi0
One Up On Wall Street by Peter Lynch: https://amzn.to/3SYq5AH
Richer, Wiser, Happer by William Green: https://amzn.to/4gaF1WG

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On Millennial investing, we interview top investors, experts, and successful entrepreneurs such as Kevin O’Leary, JL Collins, Jesse Itzler, and more to guide you on your investing journey.

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