Bill Miller

Bill Miller is a prominent figure in the investment community, known primarily for his role as an investor and fund manager. He was born in 1950 in Laurinburg, North Carolina, and is widely recognized for his tenure at Legg Mason Capital Management, where he served as chairman and chief investment officer. Miller gained fame for achieving a remarkable record of beating the S&P 500 index for 15 consecutive years from 1991 to 2005 while managing the Legg Mason Value Trust mutual fund.23

In addition to his investment prowess, Miller is the founder of Miller Value Partners, which he established after leaving Legg Mason in 2016. His investment philosophy is characterized by a distinctive approach to value investing, where he emphasizes that any stock can be considered a value stock if it trades at a discount to its intrinsic value.12 This perspective has led him to make significant investments in companies like Amazon and Bitcoin during periods when many analysts were skeptical.34

Miller's educational background includes a degree in economics from Washington & Lee University, and he has also studied philosophy at Johns Hopkins University. His career began at J.E. Baker Company before transitioning to Legg Mason in 1981, where he quickly rose through the ranks due to his analytical skills and unique investment strategies.23

Currently, Miller is actively managing investments through his firm Miller Value Partners, focusing on strategies that aim to benefit long-term wealth objectives. His approach combines traditional value investing principles with a willingness to explore opportunities that others may overlook.13