Bill Miller IV, CFA, CMT, serves as Chief Investment Officer and Portfolio Manager at Miller Value Partners, having acquired majority stake in the firm in 2023. He earned his CFA designation in 2011 and CMT designation in 2018, with professional experience including work at Legg Mason Capital Management focusing on high-yield securities and previous analyst role at McKinsey & Company. Miller IV holds an MBA from Dartmouth's Tuck School of Business and graduated magna cum laude and Phi Beta Kappa in economics from Tufts University. He has been featured in industry conferences, CNBC appearances, and authored notable commentary on Bitcoin and value investing strategies. Under his leadership, the firm has maintained focus on concentrated, value-oriented strategies while emphasizing long-term investment perspectives.

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Miller Value Partners' investment philosophy centers on three core principles: maximizing portfolio flexibility within regulatory limits to avoid constraints that diminish return potential; leveraging differentiated and multifaceted inputs beyond traditional financial metrics to identify intrinsic value; and implementing a disciplined value investing strategy focused on buying securities at a discount and holding them until intrinsic value is realized. The firm emphasizes unconventional thinking by utilizing nontraditional sources of information including academic and literary journals and engaging with institutions like the Santa Fe Institute to better understand markets as complex adaptive systems. Their approach channels Benjamin Graham's principles of purchasing a dollar of value for less than 50 cents while focusing on fundamental valuation and risk-reward rather than benchmark conformity.

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