Bill Miller: The Absurdity Of Forecasts

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In his latest Q2 2021 Market Letter, Bill Miller highlights how absurd it is to try and forecast the future of markets, and includes recent forecasts by some well known investors. Here’s an excerpt from the letter: In the spirit of Justice Oliver Wendell Holmes’ remark that people need to … Read More

Bill Miller: The Rotation To Value Is Underway

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In his recent Q4 2020 Market Commentary, Bill Miller discusses his thoughts on market forecasting, bitcoin, and why he believes the rotation to value is underway. Here’s an excerpt from the commentary: As Sir John Templeton said, “Bull markets are born in pessimism, grow on skepticism, mature on optimism, and … Read More

Bill Miller: No One Knows What The Market Is Going To Do Over Any Time Horizon Short Enough To Be Of Interest To The Typical Investor

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One of the investors we like to follow closely here at The Acquirer’s Multiple is Bill Miller, Chairman and Chief Investment Office of Miller Value Partners. In his latest Q2 2018 shareholder letter Miller provides some great insights on market forecasts, and market forecasters saying: “Portfolio managers often write a “market … Read More