Jeremy Grantham, Bill Miller, Charlie Munger, and Steve Cohen's portfolios were potentially hit by Alibaba's plunging stock price as well.
The longtime bitcoin bull scooped up $30 million worth of Coinbase in the second quarter, a 13F filing shows.
For Miller, factors including a 7% growth estimate and higher expectations of company earnings are all aiding the recovery story.
The gambling guru and former math professor forecast up to 500,000 deaths over the next year, bought supplies, and isolated himself in February 2020.
Miller says his bitcoin holdings are worth more than his Amazon stake, which made up 83% of his personal portfolio last year.
Bill Miller in an interview Tuesday said the SPAC craze may be winding down. So far in 2021, 308 SPACs have debuted, comprising 65% of all IPOs.
Miller's fund previously owned almost 1.7 million GameStop shares, but virtually eliminated its stake to "avoid perpetual losers."
Value investor Bill Miller praised Bitcoin in a market letter on Thursday. The Miller Value Partners chief and former Legg Mason boss invoked Warren Buffett’s scathing criticism of the cryptocurrency to underscore the threat of inflation to those holding dollars. “Warren Buffett famously called Bitcoin ‘rat poison,'” Miller said. “He […]
Bitcoin has surged nearly 150% in 2020 and rose above the $US18,000 threshold on Wednesday for the first time in three years. Billionaire investor Chamath Palihapitiya said in 2017 that the coin could reach $US1 million in the next 20 years, while Michael Novogratz sees the coin surging to $US60,000 […]
Legendary investor Bill Miller told CNBC on Friday that bitcoin’s staying power gets “better every day” and the risks of the currency going to zero are “lower than they have ever been before.” “Bitcoin’s supply is growing at around 2.5% a year, and the demand is growing faster than that […]
In a year where active management struggled, Bill Miller’s hedge fund returned 120% in 2019, Bloomberg reported Thursday. Miller’s hedge fund left the names in its basket untouched in the last quarter, Miller said in a letter to investors reviewed by Bloomberg. Miller expects the stock market bull-run to continue […]
On June 6, 1944, a soldier named Bill Millin played the bagpipes to boost morale as Allied troops stormed beaches in Normandy, France, on D-Day to liberate Nazi-occupied France. His commander ordered him to wade on the Normandy shores and play Scottish classics, even though England had banned bagpipers. Millin, […]
Legendary investor Bill Miller is apparently...
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