PREMIUM: MILLER

April 6, 2017

INDEPENDENT INVESTOR

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.

WEALTHTRACK Episode #1342; Originally Broadcast on April 07, 2017

Explore This Episode

We have compiled additional information and content related to this episode.

BILL MILLER

Consuelo MackNewsletter available soon.
Mathews Asia


CONSIDER SOME HIGH ACTIVE SHARE FUNDS WITH LOW TURNOVER

  • Most investors moving into passive index funds
  • Contrarian move would be to own a few actively managed funds
  • Add low turnover as a criteria

No Bookshelf titles this week.


COMPETITIVE ADVANTAGE

Amazon.com Inc (AMZN)
Price: $909.28 on 4/4/17
52-week range: $585.25 – $923.72
AMZN Chart

AMZN data by YCharts

Amazon (AMZN)AMZN Chart

AMZN data by YCharts

United Continental Holdings (UAL)
UAL Chart

UAL data by YCharts

Delta Air Lines Inc (DAL)
DAL Chart

DAL data by YCharts

American Airlines Group (AAL)
AAL Chart

AAL data by YCharts

Valeant Pharmaceuticals International (VRX)
VRX Chart

VRX data by YCharts

Apollo Global Management (APO)
APO Chart

APO data by YCharts

The Carlyle Group LP (CG)
CG Chart

CG data by YCharts

Intrexon Corp (XON)
XON Chart

XON data by YCharts

Download the transcript included in the WEALTHTRACK PREMIUM subscription here [pdf].

More information regarding WEALTHTRACK transcripts can be found here

Bill Miller from the WEALTHTRACK archives:

If the archive episodes do not appear here, please turn off, or whitelist this site, in your ad blocker extension.

WORLD CLASS BIBLIOPHILE

Legendary investor Bill Miller is known for his stock picking ability and wide ranging intellectual interests, including his long time involvement at the Santa Fe Institute, a think tank specializing in complex systems, where he is now Chairman Emeritus. Always a voracious reader, in recent years he has turned into a serious bibliophile.
 


Tagged with:

Back to Top