This is one of the greatest modern investors ever. Bill Miller beat...
Kintsugi Investing@kintsugiinvest
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Feb 07, 2025
~2 min read
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This is one of the greatest modern investors ever.
Bill Miller beat the S&P 500 for 15 years straight, a record no one else matched.
Not just with old-school value stocks.
He bet big on Amazon, AI, and emerging tech before the crowd.
Here's his updated philosophy:
Bill Miller beat the S&P 500 for 15 years straight, a record no one else matched.
Not just with old-school value stocks.
He bet big on Amazon, AI, and emerging tech before the crowd.
Here's his updated philosophy:
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1. See the Future Before Others Do
In the 1990s, Miller bought Amazon when Wall Street called it a joke.
He saw what others didn’t:
→ E-commerce was the future.
Find companies shaping the next decade…
BEFORE they go mainstream.
And after you find them:
In the 1990s, Miller bought Amazon when Wall Street called it a joke.
He saw what others didn’t:
→ E-commerce was the future.
Find companies shaping the next decade…
BEFORE they go mainstream.
And after you find them:
1:09
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2. Hold Great Companies for Decades
Miller bought Amazon at IPO
Sold at a $400M market cap, then realized his mistake.
He reinvested in 1998 and never sold, even after a 90% crash in the dot-com bubble.
Lesson: The best investments take years to play out.
Miller bought Amazon at IPO
Sold at a $400M market cap, then realized his mistake.
He reinvested in 1998 and never sold, even after a 90% crash in the dot-com bubble.
Lesson: The best investments take years to play out.
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3. Invest in AI and Cloud—The Next Big Shift
Miller bets on AI and cloud leaders like:
• Amazon: Cloud computing dominance
• Meta: AI-driven advertising
• Alibaba and Baidu: AI innovators in China
Lesson: AI is even more transformative than the internet.
Miller bets on AI and cloud leaders like:
• Amazon: Cloud computing dominance
• Meta: AI-driven advertising
• Alibaba and Baidu: AI innovators in China
Lesson: AI is even more transformative than the internet.
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4. Ignore Market Noise and Focus on Fundamentals
Markets crash.
Stocks tumble.
Experts panic.
Miller doesn’t flinch.
When Amazon, Meta, and Alibaba dropped 50% to 80%, he kept buying.
Lesson: Short-term fear creates long-term opportunity.
Markets crash.
Stocks tumble.
Experts panic.
Miller doesn’t flinch.
When Amazon, Meta, and Alibaba dropped 50% to 80%, he kept buying.
Lesson: Short-term fear creates long-term opportunity.
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5. The Best Stocks Always Look Expensive
Wall Street said Amazon was overpriced at $50, at $500, and at $5,000.
Miller ignored price tags and focused on growth potential.
Lesson: If a company is compounding earnings, it’s never too late to buy.
Wall Street said Amazon was overpriced at $50, at $500, and at $5,000.
Miller ignored price tags and focused on growth potential.
Lesson: If a company is compounding earnings, it’s never too late to buy.
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6. Adapt or Get Left Behind
Miller calls himself a "value investor"—but not in the old-school way.
His way: Buy future giants before the world realizes their value.
He also invested in Bitcoin since 2018.
“The best investments are the ones that look like mistakes at first.”
Miller calls himself a "value investor"—but not in the old-school way.
His way: Buy future giants before the world realizes their value.
He also invested in Bitcoin since 2018.
“The best investments are the ones that look like mistakes at first.”
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7. How You Can Invest Like Bill Miller
• Find industry leaders before they dominate.
• Do not sell great companies too early.
• Ignore short-term crashes and focus on long-term growth.
• Find industry leaders before they dominate.
• Do not sell great companies too early.
• Ignore short-term crashes and focus on long-term growth.
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Bill Miller's modern investing philosophy:
1. See the Future Before Others Do
2. Hold Great Companies for Decades
3. Invest in AI and Cloud—The Next Big Shift
4. Ignore Market Noise and Focus on Fundamentals
5. The Best Stocks Always Look Expensive
6. Adapt or Get Left Behind
7. Find, Hold, and Ignore the Short-Term
1. See the Future Before Others Do
2. Hold Great Companies for Decades
3. Invest in AI and Cloud—The Next Big Shift
4. Ignore Market Noise and Focus on Fundamentals
5. The Best Stocks Always Look Expensive
6. Adapt or Get Left Behind
7. Find, Hold, and Ignore the Short-Term
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Bill Miller isn’t just a stock market legend—he is proof that investors must evolve.
He saw Amazon, AI, and cloud computing before the world caught on.
What is today’s most overlooked opportunity?
He saw Amazon, AI, and cloud computing before the world caught on.
What is today’s most overlooked opportunity?
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We're Zee and @thehowietan:
• Financially free investors
• Co-founders of Kintsugi Investing
• Helping you build & repair your portfolio
Follow @kintsugiinvest for our insights.
Like & Repost to empower others in their financial journey!
x.com/kintsugiinvest…
• Financially free investors
• Co-founders of Kintsugi Investing
• Helping you build & repair your portfolio
Follow @kintsugiinvest for our insights.
Like & Repost to empower others in their financial journey!
x.com/kintsugiinvest…