Economic TimesLean R·
Quote of the day by Bill Miller: "Markets are all about expectations, and the critical question for investors is always, what is discounted? Are the expectations reflected in market prices too high, or too low?"
Bill Miller’s investing philosophy highlights how stock prices reflect future expectations, not just current performance. Investors should assess whether growth prospects are already priced in, as overly optimistic expectations can limit gains while low expectations may create opportunities.
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