Billionaire Investor Bill Miller, Who Beat the S&P 500 Index for 15 Consecutive Years, Says Buy Amazon and Sell Tesla

The legendary value investor Bill Miller has built up quite the resume over decades of investing. While overseeing the Legg Mason Capital Management Value Trust fund, Miller beat the broader benchmark S&P 500 index for 15 consecutive years from 1991 to 2005.Today, Miller is a billionaire. He also founded Miller Value Funds and continues to invest through the firms' various funds. Given his achievements, many market watchers pay attention to what he is buying and selling.Recently, in Patient Capital Management's quarterly update, where Miller is a minority owner and advisor to the firm, he said that he views the e-commerce giant Amazon (NASDAQ: AMZN) as a buy, while Tesla (NASDAQ: TSLA) as a sell. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool