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hey everybody just a little very short one today i want to share something with you all because i know many of you are still trying to get people in to this very special opportunity but i thought who better than to listen to one of the best investors of our time bill miller he is somebody actually worked very close to where he worked for for a long time i've seen a number of times we're not friends obviously but before we jump in he would be with us only time is his scarcest resource but i do have some things to share that i thought need to be shared so this is why i'm doing this very quick probably my shortest video ever be less than five minutes channels about math money and freedom and of course this is edutainment so let's talk about bill miller what are his credentials all right he's a rock star investor he is a world record holder nobody has ever achieved what he has achieved let me pop this up so you guys can see it he's the only fund manager ever to beat the s p 500 in 15 consecutive years running he is a value investor and again former leg mason guy worked very close to him for a while don't know him personally but always always admired this man so again he knows his stuff but the key thing there is value investor now i want to talk for a second about that what that means basically double clicking into value investing this is an investment strategy that involves picking stocks or assets that appear to be trading less for their intrinsic or book value okay that is his dna he buys things cheap he buys things when they're grossly undervalued but there's more let's talk for a second he mentioned in this great interview and a big thank you to doc buddha as well for bringing it to my attention on twitter and he pointed out the fact that the smartest people are already recognizing the value of bitcoin the smartest people on earth okay now bill's case for bitcoin real simple he says it cannot be touched by government he says it cannot be inflated away i.e the value eaten away like a melting ice cube he loves the finite supply so do i he sees it as an insurance policy i see it as a life raft very similar he bought some at 200 in the year 2014 and he did not buy again until spring 2021 so he watched it going from 200 to 67 000 and the full all the way down to 30 000 and then he went in hard okay i know many of you are fretting right now with bitcoin little volatile trading about 41 613 exactly but he went in hard at that price he's still buying so what does he say about where we are so he famously said in 2021 that bitcoin is starting to go mainstream he said it's not a bubble now he also says in this interview it returns 170 per annum over the last 11 years he says a lot more people are using it now a lot more adoption a lot more venture capital money is coming into it skeptics are turning around not all of them but a lot of them and it is super underpenetrated i.e we are extremely early in adoption this is where the value investors come in imagine watering a seed that grows into a big tree this is where they go this is where they hunt and he's the best in the business now he did say a couple of things he does admit that bitcoin is very volatile but he sees it as an insurance policy he sees it as digital gold that cannot be confiscated and it cannot be inflated away he also recognizes a new technology and uses intrinsic value of like a picasso painting or a baseball card this is kind of the way he counteracts the the fud of people saying well there's no earnings there's no p e ratio etc etc he said it's a very scarce asset like a piece of art like a picasso or a baseball card that are traded for millions is that it's all about supply and demand and the supply is unaffected by demand key message here everybody now his conviction very impressive fifty percent as fans as a lot of wealth he is half half in on bitcoin that is kind of stunning but very impressive let's talk about his allocation real quick and it does go against traditional financial tenants of discipline i.e ignoring diversification but when you look at the top investors as we zoom out i always talk about the top investors in the world with the biggest gainers they always go all in on one thing or very few things think jeff bezos i think elon musk think bill gates think you name it facebook mark zuckerberg all extremely high conviction in one thing that's successful now his allocation half of his personal portfolio isn't bitcoin he is also leveraged which was kind of shocking he also invests in some bitcoin miners i think it's a stronghold digital mining but the performance doesn't look that good on the miners he also invests in microstrategy and his balance of his portfolio is amazon.com and he uses that kind of hedge his bouncer like he's 50 bitcoin a couple of sprinklings of other things and then half amazon which is super interesting now how does he dca well he says he buys all the way down and if bitcoin was to go from forty thousand to thirty thousand to twenty thousand to ten thousand he'd buy all the way down so think about that dca on steroids with again extremely high conviction he also talked a little bit about bitcoin versus gold this is interesting he said gold has gone from about five cents i don't know where he got the five cents value but uh five cents to eighteen hundred dollars in five thousand years but they said bitcoin has done the exact same thing in ten years that was an analogy i never heard before and it's very impressive but he did say gold has gone down over the last ten years so this is the new gold and it's being adopted very quickly remember five cents to eighteen hundred dollars an ounce five thousand years five cents to 41 613 in 10 years so yeah pretty impressive anyway that's kind of the big lesson here and hope you like the content i'll be back later with another video i just wanted to share this with you for anybody's out there kind of doubting anything else think the smartest people in the room the smartest investors in the world the best investors in the world they are going in full conviction could they all be wrong maybe is it likely no it's highly unlikely thank you all i just want to share that with you i was kind of too excited not to share it so that was it i'll see you guys later bye
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