Description: It’s a good time to get the perspective of the recent market rally from legendary investor Bill Miller, who beat the S&P 500 SPX, for 15 years in a row and has seen a cycle or two. “No one knows how long the war in Ukraine will last nor what its outcome will be,” writes Miller in his latest market perspective. “No one knows how high inflation will go nor when it will begin to subside. No one knows if oil prices will stay over $100 or begin to decline or even double from here. No one knows how many times the Federal Reserve will raise rates nor what impact, if any, reducing its balance sheet will have on the economy.”
Date: Mar 23, 2022
Questions for discussion:
- What does the report say is happening and what is the advice to investors?
- What is the “new FAANG” model?
- What do you think about it?