Bill Miller

10 results

Bill Miller’s Amazon stake made up 83% of his personal portfolio last year. Photograph: Jason Alden/Bloomberg

Fund manager Bill Miller has gone from hero to zero to hero again. Widely seen as one of the best fund managers in history after beating the S&P (...)

Bill Miller. Had he retired in 2006, everyone “would have thought I was a genius”, he said last year. “By 2009, I was like an idiot.” Photograph: Heidi Gutman/Getty Images

One of the most important determinants of investment success is also one of the most underappreciated – luck. The investors who enjoy the cosiest ret(...)

 Facebook stock  dipped below its 200-day moving average last week. Photograph: AFP

Last week was a deeply unpleasant one for Facebook shareholders, with the stock losing over $60 billion (€48.65 billion) in market value following its(...)

The very long bull market shows no signs of letting up. Photograph  Spencer Platt/Getty

Animal spirits appear to be stirring in financial markets, with the S&P 500 enjoying its best start to a year since 1999. For many investors, the (...)

Bitcoin’s advance dwarfs all but one bubble in financial history – the Dutch tulip mania in the 17th century. Photograph:  Dado Ruvic/Reuters

The cryptocurrency craze is getting crazier. The price of bitcoin, under $1,000 a year ago, hit $6,000 in mid-November and had crossed yet another maj(...)

 John Templeton:  “The four most dangerous words in investing are ‘This time it’s different’ ”  Photograph: PA/Wire

Sometimes, you can find more wisdom in a single sentence than in an entire book, and that’s particularly true amongst the investment and trading frate(...)

 George Soros: recent filings show that he and David Einhorn had reduced their stakes in Apple. Photograph: ChinaFotoPress/Getty Images

CRH shares hit nine-year highs last week on speculation the firm will soon be added to the Euro Stoxx 50 index – a development that should be noted by(...)

Warren Buffett (speaking for the Hillary Clinton campaign): like other legendary fund managers, he has had his bad years along with the good. Photograph: Ruth Fremson/The New York Times

Many investors are sceptical of the oft-repeated advice that it is extremely difficult to beat the stock market, arguing that legendary money managers(...)

Luck and risk: traders at the New York Stock Exchange. Photograph: Lucas Jackson/Reuters

Fancy yourself as a good stock-picker? Think you can spot the next big thing and avoid tomorrow’s losers? Think again. A recent JPMorgan report highli(...)

Traders work on the floor of the New York Stock Exchange: Research indicates that returns are usually dictated more by chance than skill. Photograph: Justin Lane/EPA

Does luck trump skill in investment. Research indicates that returns are usually dictated more by chance than skill, and it’s hard to tell the differe(...)