The famed value investor thinks stocks have come down to attractive valuations after a selloff this year.
Legendary value investor Bill Miller sees fresh opportunities in the stock market amid the brutal selloff this year, urging investors to take advantage of shares that are trading at discounted prices while also remaining bullish aboutSpeaking at the Forbes/SHOOK Top Advisor Summit at the Encore At Wynn hotel in Las Vegas on Thursday, the former Legg Mason, while also identifying several companies that he thinks will benefit from an eventual market rebound.
Speaking with Morgan Stanley Private Wealth Management managing director Marvin McIntyre at the Forbes/SHOOK Top Advisor Summit, the 72-year-old Miller reflected on the stock market, cryptocurrencies, and the Federal Reserve. Miller famously bought Amazon, his favorite stock, at the company’s IPO in 1997. He’s been a long time believer in the company’s booming e-commerce business and steadily ramped up his holdings over the past couple of decades.
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