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2 mins read
Legendary investor Bill Miller said more volatility is coming, backed Meta, and revealed Peloton is on his radar in a new interview. Here are the 9 best quotes.
Stock market volatility is "something that you're gonna have to live with for a while," famed value…
Harry Robertson
2 mins read
Legendary investor Bill Miller says half of his personal net worth is invested in bitcoin and other cryptos
"My reasoning was there are a lot more people using it now. There's a lot more money going into it …
Isabelle Lee
2 mins read
Veteran investor Bill Miller flips Warren Buffett's Bitcoin snub to argue crypto beats cash
"Warren Buffett famously called bitcoin 'rat poison.' He may well be right. Bitcoin could be rat po…
Theron Mohamed
3 mins read
Saba Capital is targeting a unit of Legg Mason in an activist campaign. Another Legg Mason business stands to profit if it's successful.
"Saba Capital has engaged in 16 proxy contests since its inception in 2009 and currently maintains …
Bradley Saacks
2 mins read
Insiders name the 4 asset managers that could be the next takeover targets after Franklin Templeton's $4.5 billion deal to buy rival Legg Mason
"Many have chosen to add wealth management services to their offering to help redirect the client's…
Bradley Saacks,Rebecca Ungari…
2 mins read
Stocks will charge higher as economic fears fade and bears give up, Bill Miller says
If inflation slows to 2%, earnings remain strong and a recession doesn't hit, that would justify a …
Theron Mohamed
2 mins read
Legendary investor Bill Miller says bitcoin is insurance against financial catastrophe - and he still has a 'very big position' in it
Miller said the notion that bitcoin holds no intrinsic value is correct, and he compared it to high…
Shalini Nagarajan
3 mins read
Record-setting investor Bill Miller says anyone who wants to make money in the stock market needs to read these 5 books
In the mid-20th century, John Kelly of Bell Labs developed a formula to calculate signal issues ove…
Marley Jay
3 mins read
A $750 billion investing giant says there's a 50% chance of a US recession in a year - and the smallest companies will reveal its fate
When smaller companies are included, Schulze says corporate profit margins have been flat for about…
Marley Jay
2 mins read
Legendary investor Bill Miller has doubled the S&P 500 this year thanks to a well-timed Uber trade
Miller's status as an investing legend was cemented by his consecutive 15-year outperformance of th…
Matthew Fox
5 mins read
WeWork drama continues, Hedge fund fees, AI on Wall Street
It's been tough for the wealth industry to convince new college grads to join their ranks. Young pe…
Olivia Oran
4 mins read
An SEC official is siding with big asset managers who say hedge funds like Saba Capital should be banned from taking activist stakes in closed-end funds
"Closed-End funds with discounts to [net asset value] above 20% year after year have one thing in c…
Bradley Saacks
2 mins read
Legendary investor Bill Miller lost 90% of his fortune in the late 2000s. Bitcoin and Amazon stock have made him a billionaire.
Miller says his bitcoin holdings are worth more than his Amazon stake, which made up 83% of his per…
Theron Mohamed
2 mins read
It's a 'brutal' market for asset management firms, but one expert says there are 2 winners
However, Schorr noted that for companies with cash, their buybacks will go a longer way in this mar…
Meghan Morris
2 mins read
Baby boomers are nowhere close to reaching their retirement goals
"If they are applying a similar, conservative approach to how they invest their D.C. assets, they c…
Raul Hernandez
2 mins read
Taking stock of a remarkable year in asset and wealth management
The story of 2020 for asset managers was undoubtedly the industry's many deals. For wealth managers…
Rebecca Ungarino
1 min read
An investing legend is making a killing after putting 1% of his net worth in bitcoin
Last year, Miller split from Legg Mason after 35 years with the firm. This past February, Miller co…
Raul Hernandez
2 mins read
Legendary investor Bill Miller scored 120% returns though he did 'nothing' in the last months of 2019
The typical hedge fund failed to post returns in the double-digits, much less beat the S&P 500,…
Gwen Everett
2 mins read
Wall Street is in a 'robo-up or get left behind' world
Financial Guard is an online wealth management platform that offers clients customized investment a…
Tina Wadhwa
2 mins read
Experts say these 7 fintechs are prime takeover targets for 2020, including Robinhood and Chime
In many ways, the plethora of deals in early 2020 are just a continuation of the end of 2019. Most …