Bill Miller: I Lost 20%, But Still Bullish


Value investor Bill Miller told CNBC on Wednesday he lost 20 percent in a month, but he thinks it’s a good time to buy.

Amazon lost 18 percent in the past month and the stock is a 10 percent holding for Miller, founder, chairman, and CIO of Baltimore-based LMM. But he said it’s not only Amazon. “Everything is going down.”

“It took Bill Ackman and David Einhorn a year to lose 20 percent. I lost it in a month. My fund is down 20 percent in the month,” Miller said on “Squawk Box,” referring to the respective heads of the Pershing Square and Greenlight Capital hedge funds.

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Bill Miller: I Lost 20%, But Still Bullish