Quotes by Bill Miller

Stock market investor Bill Miller beat the S&P 500 for 15 consecutive years.

As former chairman and chief investment officer at Legg Mason Capital Management, he managed more than 75 billion dollars. Today he has his own firm, Miller Value Partners, where he is portfolio manager and chief investment officer.

While Bill Miller is a value investor, his approach to finding value differs from many traditional value investors, in that he goes beyond GAAP profits or cash flows. 

Inspiring Quotes by Bill Miller

“Value is created whenever you earn above your cost of capital, and you can reinvest it above the cost of capital.”

Bill Miller

“100% of the information that you have to use to value a business is based on the past. […]. But 100% of the value depends on the future.”

Bill Miller