The Making Of A Master Investor w/ Samantha McLemore (RWH025)
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- Опубліковано 20 жов 2024
- William Green chats with Samantha McLemore, the founder of Patient Capital Management. After graduating magna cum laude from Washington and Lee University, she was hired by investing legend Bill Miller and spent 20 years working with him. They co-managed Miller Opportunity Trust, a top-performing mutual fund, for a decade until Bill recently retired and anointed her as his successor. Here, Samantha shares what she’s learned over the last two decades about how to outperform by thinking differently and developing a behavioral edge.
IN THIS EPISODE, YOU’LL LEARN:
How Samantha McLemore & Bill Miller met when she was an undergraduate.
How an insurance settlement from a dog bite sparked her interest in investing.
What it was like being with Bill as the market crashed after 9/11.
Why Samantha & Bill get excited in times of fear, pessimism, and panic.
Why Bill & Samantha are betting on Bitcoin despite Warren Buffett’s fierce skepticism.
What Samantha looks for when investing in promising early-stage companies.
Why it’s critical to focus on valuations, regardless of how good a company may be.
What she’s learned from spending time with Amazon founder Jeff Bezos.
How the global financial crisis almost led her to quit the investment business.
What’s helped her to handle the stress and pressure of investing.
Why it’s smart to be a long-term bull about US stocks while also diversifying globally.
How Samantha invests her own money.
How she manages her time as a fund manager and mother of three young kids.
What Peter Lynch said about the necessity of always being “in overdrive.”
Why Samantha likes to invest in companies run by women.
How Fidelity’s female customers outperformed its male customers by trading less.
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▶️ RELATED EPISODES:
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📖 BOOKS MENTIONED:
Thoughts of a Philosophical Fighter Pilot by Jim Stockdale: amzn.to/3MBeQMk
The Mindful Self-Compassion Workbook by Kristin Neff & Christopher Germer: amzn.to/3mANgEe
Richer, Wiser, Happier by William Green: amzn.to/3o5xjGP
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This interview with Samantha is just so underrated. Both William and Samantha brought so much insights to the thought process behind Bill's investment decisions. As usual, William is an excellent interviewer and story teller.
Glad you enjoyed the video!
Many thanks! Warm wishes, William
Great interview and conversation. Really appreciate both of you for sharing knowledge.
Glad you enjoyed it!
A time stamp would be nice for these long vids, just imagine books without a Tabe of Content.
Imagine binge watching TV series and complaining about long educational videos 😂
@@py8130 you can feel free to time stamp the videos as you watch them. Why's it the author's job to do that for us after distributing free content
who said it's the author's job? Nobody will say a TOC is a book author's job either. Do you know the differences?
Couldn’t agree more! Check out @allinpod for an example
@@talalm.al-ajeel5608 Nice channel you have!
Another wonderful interview by William! I used to think Bill Miller as momentum investor, not value investor. Through your interview with him and Samantha, I knew I was wrong. Need to learn a lot from them. Thank you very much!
Thanks so much for tuning in!
Thanks so much for this thoughtful comment. Much appreciated! Warm wishes, William
Just a quick question, I remember right before COVID a series of circuit breaks(in Brazil at least) caused by a big drop in petroleum prices! Or I am dreaming! I juts past the [01:17:00] and they were talking about stoicism, which I am very found of, and the situation just popped in my head!
Great 👍 job ❤
Thanks so much!
Thank you, William! Always learn a lot things and great books from your interview. I really need to spend more time to read before the book list becomes too long.
Glad it was helpful, Ken!
Thanks a lot, Ken! Warm wishes, William
Rewire Your Anxious Brain: How to Use the Neuroscience of Fear to End Anxiety, Panic, and Worry - Catherine M. Pittman PhD, Elizabeth M Karle MLIS
I think I heard the words "you know" >1000 times
nice channel btw
Bill sounds like a great guy. You can truly tell the intelligence of a person if they’re able to communicate with all walks of life, including absolute idiots lol. Not that anybody in this conversation or anybody mentioned is I’m just saying I wish everybody had that talent.
I like thé interview BUT 5 year cagr of fund is 2.1% 😐
IMO, Bill Miller is one of the most overrated managers in history. I have tracked the performance of his various funds/entities from 1983 to 2022. His CAGR is 11.0% vs. 11.2% for the S&P 500 Index. The std. deviation of his return is 24.7% vs. 16.8% for the S&P 500 Index. Below average returns and above average risk are not the characteristics of a good manager.
1:02:55
Don't bet against the bounce
Summer 2007 highs $100 investment now:
1.QQQ $660 afer -12$ cost
2.SPY $327 after -4$ cost
3.LMOPX (Miller Opportunity Trust) $94 after -45$ cost
Powerful bounce will come, as always, yet clients seem to be happy, successful people
regardless. In the end it is all about our perception. Thank you.
“Yeah no” most annoying phrase in English. Anyone else agree?
I do not want to mow lawns for a quarter a piece, but instead build a $100M. investment portfolio. $.
I wonder if he hired her because she was a cute college girl....Bill got rich on fees not stock picks
Summa Cum Laude: Definition, Meaning, and Requirements….. may want to brush up on her intelligence- yea she is definitely hot lol- but she’s a smart cat too
Can’t take anyone serious when they believe in Bitcoin.