Tips by Bill Miller
The stock market can close down for a while and it really doesn't matter all that much. The primary function of the stock market is not to finance...
Time arbitrage just means exploiting the fact that most investors – institutional, individual, mutual funds or hedge funds – tend to have very...
Most people say they want to stay within their circle of competence, and that’s smart. But there’s no reason to say “Here’s my circle of...
Tags: circle of competence
The secular trend in healthcare is cost containment. How do you slow the growth in the total cost of healthcare as a percentage of GDP? The...
Everyone tends to see the same things, read the same newspapers and get the same data feeds. The only way to arrive at a different answer from...
The hardest thing is to find management that actually objectively behaves in shareholders’ interest as opposed to their own long-term interest....
Many value investors have a very particular view of when things are cheap and when they’re expensive and they should hold cash. They portray holding...
