How Bitcoin and Amazon helped this investor make a comeback as a billionaire
Once known for beating the S&P 500 index for 15 years as a fund manager of Legg Mason Value Trust and then losing about 90% of his net worth during the 2008-09 financial crisis due to his bet on stocks like Bear Stearns and AIG, American investor Bill Miller has managed to make a comeback and this time as a billionaire as his bets on Amazon and Bitcoin have had a startling impact on his fortune.
In an interview with journalist William Green for his new book ‘’Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life’’ Miller shared his story of how he built a second fortune and became a billionaire, thanks primarily to his investments in Bitcoin and Amazon stock.