Bill Miller on the Classical Value Portfolio (Podcast)
Masters in Business
00:00
The History of Value Investing
Bill Miller was still an employee of Legg Mason when he made the first Bitcoin purchase. He says his thinking changed mostly around 1990, and hasn't changed much since that point in time. The only thing which has changed since then is an understanding about when value does well and when growth does well. "The so-called value can underperform for long periods of time if the economy has very low volatility"
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Transcript
