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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Blackswanny   😊 😞
Number: of 15068 
Subject: Miller
Date: 11/16/2023 2:59 AM
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I've enjoyed some Bill Miller interviews over recent years and follow the fund 13Fs. Does anyone know why the AUM has dropped drop from c$2bn to $150m?
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Author: AdrianC ⎊🐝  😊 😞
Number: of 15068 
Subject: Re: Miller
Date: 11/16/2023 8:44 AM
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Performance I expect. Been a tough decade or more for active value investors.
Especially ones running mutual funds with loads and huge expense ratios.

Is this his fund?
https://millervaluefunds.com/miller-income-fund/

Maybe it's his son? Terrible performance:
Miller Income A since inception (2014): 1.98% CAGR
SPY 10.7%
BRK.b 11.8%

Plus, his strange bet on crypto maybe lost him some followers?
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Author: Blackswanny   😊 😞
Number: of 15068 
Subject: Re: Miller
Date: 11/16/2023 9:15 AM
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Looks like Bill retired and his son took over, money exited when he did?
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Author: BarryGon ✸  😊 😞
Number: of 15068 
Subject: Re: Miller
Date: 11/16/2023 9:29 AM
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I believe Samantha McLemore, who worked with Bill for many years, is now managing the Opportunity Trust fund with her firm Patient Capital Management.
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Author: Mark19   😊 😞
Number: of 15068 
Subject: Re: Miller
Date: 11/16/2023 7:54 PM
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I listened to an interview with Bill on Wealthtract and he said he has half of his personal money in crypto, and half in Amazon. I wonder if he lost his mind.
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Author: WEBspired ✭  😊 😞
Number: of 15068 
Subject: Re: Miller
Date: 11/16/2023 9:54 PM
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Mark,

Maybe he subscribed to the Seal classic😁- Brings back good memories!

“ But we're never gonna survive, unless
We get a little crazy
No we're never gonna survive, unless
We are a little crazy…”

https://www.youtube.com/watch?v=4Fc67yQsPqQ&pp=ygU...

Bill did have some magical consecutive years of beating the index at Legg! Unique bird. Let’s hope retirement treats him well.



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