THE FUTURE OF MONEY What is the future of money? Legendary value investor Bill Miller, an early investor in Bitcoin in his hedge fund MVP 1 has given himself an assignment to find out. Watch the related WEALTHTRACK episode.
Miller Value Partners’ Bill Miller holds the record for being the only mutual fund manager to beat the market for 15 years in a row. One way he did it is by investing in new technologies that the Wall Street establishment thought were crazy at the time – Amazon, Google, and Facebook among them. His latest “crazy” idea: Bitcoin.
After extensive research on digital currencies, legendary value investor Bill Miller has decided Bitcoin has passed enough tests to potentially reshape the global currency markets. He explains why and describes his investment approach.
Legendary investor Bill Miller has always been an independent thinker and investor with a 100% “active share” in his funds, as different from any benchmark index as you can be. He is also now his own boss, having recently purchased 100% of his fund business from his long time employer Legg Mason and establishing his own investment advisory firm, Miller Value Partners. His two funds now bear his name and carry on his contrarian tradition of concentrated holdings in largely unloved stocks. His flagship Miller Opportunity Trust was the number one U.S. stock fund for the five year period ended in 2016. In a rare interview Miller gives his rationale for some of his most controversial holdings, including Valeant Pharmaceuticals.
Investment Legend Bill Miller recently sat down with Wall Street’s number one economist Ed Hyman for an exclusive WEALTHTRACK television interview. Miller, who remains the only mutual fund manager on record to beat the market for 15 consecutive years has gone through some rough patches but he always comes back. His Legg Mason Opportunity Trust […]
Part 2 of an exclusive interview with Wall Street legends, Ed Hyman and Bill Miller! Where do both pros think there is the most money to be made this year? Hyman gives his “one free pass” for investors and Miller shares his two “no brainers.”