The Economy: What The Pandemic Has & Has Not Changed

[@wholeNwon]

Mr. Miller's record is remarkable but a lot of people have "beaten the market" until they didn't. For any period of time, those who do are very rarely the ones who accomplish the same feat for the next period. The short-term price movements of stocks are random and unpredictable. But people all over the world want to lead better lives so, for that reason and others, there is a long-term upward bias. The most consistently reliable way to have the best likelihood of accumulating wealth by investing in the equities markets is by indexing as broadly as possible, as cheaply as possible and reinvesting dividends when paid.

[@ld4974]

@Marco Deo That's not how you calculate annualized gain. You start with 100, you end with 100. Over the two year period, the annualized gain is zero, not 25%.

[@markjohnson5276]

I'm a spiritualist. I live life in the spirit. This show has people who embrace the golden calf. A life of want, need and stress (greed). I live in a tiny chateau, on a remote island. When I leave the place I drive a rare exotic roadster. No debts, no money, good health. No Bankers in my life. I have learned how the world works and can manifest the physical reality I want. Most of you seeing this will hardly understand the words much less the thought.

[@phammond8155]

You sound a bit smug . . .

[@Mrmarginofsafety]

We had an 11yr expansion ripe for a correction followed by what may be the biggest contraction in history. Businesses expand during growth periods they hire more and increase capital spending. Question is do businesses feel good about increased investment/hiring when COVID is not contained and artificial business and employment money growth flows unbounded. I doubt it for the majority of companies. I appreciate Miller's contrarian approach which is refreshing but much of what he says is contradictory in the long run. If bonds are high risk long term investments then the risk free rate currently is a sell. Expect a redo on fiscal and monetary stimulus every time the market sneezes until no one wants to buy our bonds.

[@zcharg0]

Would be amazing if Consuelo sat down with Warren Buffett one day for an interview. Hopefully soon?

[@ourfinancialfuture9457]

The amount of things that I ordered from amazon and had to get refunded for because they never showed up is astonishing . They’ve stopped answering my emails for things that haven’t showed up because or so they say they have to focus on household and medical supplies and I’m just one person . Revenue is gonna take a hit

[@WilliamSchlott]

I am an Amazon 3rd party seller and I have seen a few more refunds due to no-shows but, not that many. Your deliveries might be getting stolen at your door.

[@NHseacoast]

Consuelo knows more! Mr. Miller is a stock analyst not an economist. There are 30 million small businesses on Main St USA that are struggling, they are the back bone of our economy not the New York Stock exchange. It took my area of New England until 2013 to recover economically, after the financial collapse of 2008-09.

[@kevincallaway4043]

I am curious not why Target and Walmart got to stay open with social distancing, but how would he expect to 1 - monitor the hundreds of thousands of small business, and 2- To consider that those large cap business are really carburetors in the economic. The device provides a mix of air and fuel to make to keep the system running, and these large retailers provide the nation with a similar economic capability.

[@bgates275]

There is no reason to invest in the stock market right now, beyond diversification, except greed. Using the premise that stocks are going to go right back up in an already overvalued market is merely speculation. If I'm going to invest, I'm going to let them come to me. Inflation shouldn't be an issue over the short term, so I don't think there is anything wrong with sitting on cash right now, and seeing what happens. And if you do miss out on stocks, so what. Maybe buy essentials or treat yourself to something you've wanted.

[@AlexYounger]

Great interview. This fellow is very optimistic. Very.

[@Ryan_Tinney]

Another wonderful interview, thank you.

[@InvestingEducation]

Good investor. But I want to hear more from Terry Smith, Chuck Akre and Alex Umansky.

[@DangerousConspiracyTheories]

Consuelo, please don't say it "makes sense" for a person over 65 to go 100% bonds after a crisis OR when rates are near 0. That's such bad advice. Also don't end the show with a "diversify" message after a sell off. Bill just said to buy AMZN. That makes sense. Buying 0% yielding debt (and selling equities when prices are cheap to do it) does not.

[@1stNlass]

Thank you! Great interview!

[@luciaconk]

Sounds to me like this poor gentleman is trying to protect his book: “all Amazon all the time baby”. It would be great to have him back on when we are back in a recession in Q4...

[@jongbongkim4386]

This "Don't fight the FED" herd will be decimated by the end of this year. I'm eager to watch with popcorns ready.

[@billytheweasel]

@@jongbongkim4386 Agree, but be careful what we ask for... :plants corn:

[@johnlandau7111]

Mr. Miller's tone strikes me as smug. He seems to be saying, "I and my clients are invested in large profitable corporations. We will do fine. If a lot of other people are suffering from impact of the lockdown and the consequent depression it is no concern of mine. There is a British saying, "" ___________you, Jack. I'm all right."

[@cachon448]

Please set the Subtitle & Closed Captions on. Thanks

[@HAMMER322]

The best!

[@StephenDoty84]

The beast!

[@yoshortyb]

Bill Miller is one of the most overrated investors of all time. He blew up his fund in the GFC at Legg Mason and his current fund is literally one star rated and complete shit. He had to pick a specific date range(to the day) at the beginning of the video to show out performance. If you look at the historical performance, it is one of the worst funds available to the public right now.

[@brianjames7607]

Unless I'm mistaken, he keeps implying a year.....or two. I don't think his timeline understanding is similar to the many?

[@michaelscordo256]

This dude is talking in circles!

[@ednan9]

He is a perma bull - they have done well in last 10 years

[@StephenDoty84]

Bill was the closest thing to the next Peter Lynch, ya'll -- good nose for growth stocks. He got people into Apple.

[@StephenDoty84]

@Marco Deo Why?

[@johnlaubenstein758]

This interview is one of the worst I listened to on this program. While Miller tries to make some sense of this he mostly makes no sense. He says the market is forward looking and has it right. I say no. Since GFC every time the market had a hiccup the Fed came in with an intervention t save markets. This has nothing to do with forward looking growth/earnings. I even challenge his thesis on good earnings mostly derived from stocrbuybacks from FCF and from low cost borrowings. S$P earnings is on its 2nd year of consecutive qtr declines. I challenge him to explain where the markets would be right now if Fed/Treasury were out of it. He is just wrong about I challenge him/anyone here to show me otherwise. The q2 rebound has zero to do with the outlook and everything to do with CB saves.

[@33parentino]

Congratulations 👏 👏 👏

[@gdc8403]

Way too optimistic given the facts.

[@philipgardiner08]

This guy is insane.

[@goldcicvibefel9966]

Funding by Iran and China