No investor can say they have beaten the market to the extent Bill Miller has during his career. The legendary mutual-fund manager outperformed benchmarks for a record 15 straight years in the 1990s and 2000s – and has continued his winning ways in recent times.
He recently spoke to Business Insider and revealed some of his secrets. And rather than recommend the same high-flying juggernauts that have driven portfolio performance for many investors, he offered a handful of contrarian picks.
BI also collected comments from William Danoff, the portfolio manager of Fidelity’s Contrafund, which has $US120 billion under management. Having worked directly under the tutelage of Peter Lynch – one of the most famous names in investing history – he’s developed some effective strategies, which he lays out in detail.
Danoff also offers a list of qualitative attributes he says all successful investors possess.
Going beyond that, here’s a rundown of some more recent coverage:
40 units in 2 years after starting with just $US1,000 in his bank account: Here’s how Henry Washington went from living paycheck to paycheck to successfully investing in real estate
Henry Washington’s path to real-estate investing success is not for the faint of heart. Down to his last $US1,000, he made a series of highly risky decisions that ultimately paid off in the end. Here’s a rundown of his epic journey, along with some pointers he picked up along the way.
Ken Korngiebel manages the best small-cap fund of the past 20 years, making his living in the riskiest part of the market. Here’s how he does it – and the 3 stocks he’ll never sell.
As head of the outperforming Wasatch Micro Cap Fund, Korngiebel has found great success. In an exclusive interview, he shared with Business Insider which stocks are on his “Do Not Touch” list, even though they have already seen huge gains.
An investor who’s collected art for 20 years shares his strategy that makes it ‘very unlikely’ you lose money – and explains how he’s making masterpieces accessible starting at $US20
Art investing, long considered an exclusive venture for the ultra-rich, is being democratized by a startup called Masterworks. The platform allows people to buy “shares” of paintings that would individually cost several millions of dollars.
Founder Scott Lynn brought 20 years of art-collecting experience to the business, and shared with Business Insider his advice for prospective investors.
Other good stories from the investing realm:
- The world’s biggest investors have piled into these 14 stocks. RBC says you should buy them now for big gains down the road.
- Quant megafund AQR warns of ‘soberingly low’ market returns for every major investment during the next decade – and explains why it should change every investor’s approach
- Sam Zell went on 44 interviews and got rejected 43 times before he got his start in real estate. He outlines the simple strategy that helped him become a self-made billionaire.
- Legendary investor Charlie Munger loved ‘The Rebel Allocator’ so much that he called the author and encouraged him to make it a movie. Here are the book’s 3 key takeaways.
- A Wall Street firm surveyed 300 global investors on the state of ETFs today – and they revealed the 4 most attractive strategies right now
- Former Cantor Fitzgerald boss Shawn Matthews says markets are totally unprepared for spiking inflation. He outlines a small change could make a huge difference.
- The CEO of an impact fund ranks the 5 biggest challenges facing sustainable investing – and offers one big solution
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