![]() ‘Bitcoin can be sent at virtually no cost, and it’s got other characteristics that gold doesn’t have. ‘My view is that in any environment where gold works, Bitcoin works far far better than gold because it’s infinitely divisible,’ said Miller. ‘I think if you put one percent in there, you have very little risk of any harm to your financial condition, but the potential to dramatically increase that.Īnd Miller referenced Ray Dalio’s ‘ Paradigm Shift’ essay, which the Bridgewater Associates Chairman laid out his vision for a new overall global macro position.ĭalio’s belief is a new paradigm shift would likely trigger a ‘significant increase in gold.’īill Miller is positive on gold and spoke about it in the interview, but he believes Dalio’s bullish angle on gold is superseded in every way by Bitcoin. ‘With Bitcoin, what I find interesting is I don’t see why a would not advise all of their clients to put one percent of their liquid assets in Bitcoin…’ said Miller. ‘I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to Bitcoin,’ said Miller.Įarlier in the summer the value investor said everyone should have at least one percent of their liquid assets in Bitcoin. Long Professor Emeritus of Law has been a member of the Michigan Law faculty since 1984. This channel features research on subjects such as Alternate History, Old World architecture, Old World Milwaukee, the 1898 Trans-Mississippi & International Exposition in Omaha, Nebraska, and. And the value investor then said he believes every major money manager will get exposure to Bitcoin. ![]() Miller referenced MicroStrategy’s and PayPal’s move into the Bitcoin space, then underlined Square’s best Quarterly performance by far. I think the risks of Bitcoin going to zero are much much lower than they’ve ever been before.’ ‘It’s been very volatile, but I think right now it’s staying power gets better every day. ‘Bitcoin’s supply is growing at around 2.5 percent a year, and the demand is growing faster than that and there’s going to be a fixed number of them.’ ‘The Bitcoin story is very easy, it’s supply and demand,’ said Miller. And he sourced Bitcoin’s scarcity as the driver for the price increase, saying it was clear the demand for Bitcoin was growing faster than supply. Speaking on CNBC, Bill Miller said Bitcoin had been the best performing asset class of the last five or ten year time periods. ![]() A benchmark no other active money manager has achieved. The Wall Street legend, who previously called Bitcoin an ‘ insurance policy against inflation,’ is highly respected in the financial world after beating the S&P 500 for 15 straight years. ‡ Morningstar’s Award for “Domestic Equity Fund Manager of the Year 1988” recognizes portfolio managers who demonstrate excellent investment skill, the courage to differ from consensus, and the commitment to shareholders necessary to deliver outstanding long-term performance.Bitcoin is an Insurance Policy Against Inflation † Legg Mason Value Trust-Class C beat the S&P 500 on an annual basis from 1990-2005. The Santa Fe Institute is one of the world’s leading scientific research laboratories, conducting multidisciplinary research in complex systems theory.Ī long-time supporter of the Santa Fe Institute, Bill established the Miller Omega Fund in 2016. Bill Miller & Associates Inc has 5 total employees across all of its locations and generates 519,230 in sales (USD). ![]() Miller is Chairman Emeritus of the Board of Trustees of the Santa Fe Institute where he served as chairman from 2005 to 2009. Company Description: Bill Miller & Associates Inc is located in Water Mill, NY, United States and is part of the Services to Buildings and Dwellings Industry. Subsequent to graduation, he served as a military intelligence officer overseas and then pursued graduate studies in philosophy in the PhD program at The Johns Hopkins University. Prior to joining Legg Mason in 1981, he served as treasurer of the JE Baker Company, a major manufacturer of products for the steel and cement industries.īill earned his economics degree from Washington and Lee University where he graduated with honors in 1972. During his tenure as sole manager of the Legg Mason Value Trust, its performance exceeded its S&P 500 benchmark index for 15 consecutive years.† He was named Fund Manager of the Year in 1998 by Morningstar,‡ The Greatest Money Manager of the 1990s by Money Magazine, selected as Fund Manager of the Decade by, was named by Barron’s to its All-Century Investment Team (1999), and received the Sauren Golden Award in 2015.īill was the director of research for Legg Mason from October 1981 through June 1985, and assumed overall responsibility for Legg Mason’s equity funds management division in 1990. Bill Miller is the Chairman and Chief Investment Officer of Miller Value Partners, LLC and is the Portfolio Manager for MVP1, LP.
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