Part 2 of 2
Legendary value investor Bill Miller is betting big on bitcoin. The digital currency and some related crypto investments now account for half of his personal investment portfolio. In part two of our interview with Miller, he discusses his rationale for taking such an outsized position, including why he has converted from being a self-described bitcoin “observer” to a bitcoin “bull” and why he is adding to his holdings when the currency has big declines.
UPDATE: Bill Miller Comments further on this episode.Since Miller is also celebrating his 40th anniversary in the investment business we delve into how much the investment landscape has changed and how his value approach has evolved over the last four decades.
The conversation is not about Miller Opportunity Trust, it’s about his personal portfolio.
(Also watch Part 1 of the interview)
I began the interview by asking Miller why he has gone so big on bitcoin.
WEALTHTRACK Episode #1828 broadcast on Janurary 07, 2021
Listen to the audio-only version here:
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WILLIAM “BILL” MILLER III
- Founder & Chief Investment Officer, Miller Value Partners
- Co-Portfolio Manager, Miller Opportunity Trust
ACTION POINT
KEEP AN OPEN MIND AS AN INVESTOR AND PAY ATTENTION TO PORTFOLIO MANAGERS WHO DO
- The world is going digital
- How businesses operate is changing as result
- Traditional ways of doing business being upended
- Numerous new technologies being created
BOOKSHELF
ONE INVESTMENT
FINANCIAL CATASTROPHE INSURANCE
- Buy Bitcoin (BTC)
STOCKS MENTIONED
ARCHIVES
Bill Miller from the WEALTHTRACK Archives:
WEB EXTRA
REWARDING RELATIONSHIP
Bill Miller is giving $50 million dollars to the Santa Fe Institute which researches a wide variety of complex systems such as economies, ecosystems, the internet, the nervous system, and cities. Miller calls his three-decades-long affiliation with SFI among the most rewarding of his life.
