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 🤝Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members: https://theinvestorspodcast.com/maste... 📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com... 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/s... ▶️ 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...   🎧 Listen to our episodes here: https://open.spotify.com/show/7dnn22E... 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/m... 📖 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 Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙 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. 🌍 Website: https://www.theinvestorspodcast.com/m... 📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/s... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/t... 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/t... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.