Why higher stock prices often result in lower future returns.

Related Videos

Stewardship, Patience and Going Against the Crowd (3:59)

Chris Davis and Bill Miller reflect on 40 years of friendship and how temperament has impacted their respective investment styles

Navigating Today’s Volatility (3:52)

Why experience teaches that “You make most of your money in a bear market, you just don’t realize it at the time”

Share this Video