Barry Ritholtz's Masters in Business: Bill Miller Interview
Masters in Business
00:00
Is the Market Right or Am I Wrong?
Mason: You don't let the stock price tell you if you're wrong. The way people manage risk is what's making the market, I think much more difficult and problematic. People are so risk phobic now that when they see drawdowns, they run and sell. That doesn't make any sense with a modern version of portfolio insurance.
Play episode from 52:10
Transcript
