Bill Miller on the Classical Value Portfolio (Podcast)
Masters in Business
00:00
Volatility Is the Price You Pay for Performance
When I bought the 50% ownership and what was then called LMM from like Mason, I brought the mutual funds along, but I did not bring the institutional business along. And so we want to do is if the market goes down a lot, you know, as it did in March of this year, we will we will reorient the portfolio around to try and take advantage of when it comes back. As it goes higher, we want to trim the stuff that has done really well and then move that into stuff that would tend to be more resilient on the on the downside.
Play episode from 01:02:36
Transcript
