22 Burst results for "Bill Miller"
CryptoPotato
Billionaire Investor Bill Miller Sees Fresh Opportunities for Bitcoin Amid Selloff
"10 p.m. Sunday December 25th, 2022. Billionaire investor Bill Miller sees fresh opportunities for Bitcoin amid sill off. Miller was surprised to see Bitcoin did not slash half of its current price following the FTX implosion.
The Bitboy Crypto Podcast
"bill miller" Discussed on The Bitboy Crypto Podcast
"IO, a company we work with. We did a sponsored segment for them yesterday. They do crypto tax laws harvesting at the end of the year. So go check out coin let your IO before the end of the year, make sure to get that done if that's something you need to do. I am not a tax expert. Any thoughts on harmony one or maybe you got some last year, I just got about a million tokens before knowing about the hack. I'm probably out on harmony at this point, guys. I don't like the way they handled the hack personally. I'm not saying it's dead. I don't think it's dead. I think it still has a chance, but I'm taking a more skeptical outlook on harmony. So thank you for the super chat. Let's see, pseudonymous crypto analyst mustache on December 22nd. Is this, is that crypto stash wearing the inspector gadget coat? Is that mustache? That's secret agent stache. Secret agents. Stash. We love crypto stash. We love Christmas. It's been a while since you've been on the show. We should bring him on the show one day. Yeah. Damon says he'll vote for me. I know I got your vote, Damon, Damon. Hey ladies, we balling. You had to be there. It's all I'm gonna say. That's all I'm gonna say. It had to be there. The guy likes to gamble. That's what I'll say. Look, I would say this is going back to the Bill Miller. This lines up everything that I've been saying about Bitcoin. Everything he says in his article lines up with what I believe and what I've been saying. So it's something to watch. Who's going to be right? Me and Bill Miller or everybody else in crypto, we'll have to see. They want me to be the CEO of Twitter. I'll take it on. Why not? U.S. senator to me introduces stablecoin billets, congressional session wraps up. This is interesting. To me who serves as the ranking member of the U.S. banking committee, said the stablecoin trust act of 2022 would serve as a framework for stablecoin regulation for its fellow senators. This was already out, wasn't it called the trust act before as well? Yeah, I just don't know if that's what you think it's going to be used as a framework for something new, probably reference point. Hey ladies, we balling over here. Is that, is that Aaron? Is that Aaron in the chat? Is that the real errand in the chat? That would be interesting. Not to be confused with Aaron or vlogger. Spelled differently. What is up, Aaron? Good to see you. Let's see. It passes by Congress. The bill would permit non state and non bank institutions to issue stablecoins. As long as they obtain a federal license, create an issue by the U.S.
Squawk Pod
"bill miller" Discussed on Squawk Pod
"It's really great to see you. And we hope to have you both back soon. Great thanks for having us. Up next, on squawk pod. Now you're speaking some proof to me. You are. Now, no, I do. I like it. Fact finding, truth telling, and Elon Musk meditations. Right after this. Get in early. Join the CNBC investing club with Jim Cramer be among the first, get tips straight from Kramer, the only club with exclusive trading leads for early access symmetry email at CNBC dot com slash investing club. All right, Andrew has these stories next. You're listening to squawk pod from CNBC. Here's Andrew Ross Sorkin. The feud between president Joe Biden and Tesla CEO Elon Musk, it does not seem to be cooling anytime soon in an email to CNBC, must say, quote, nobody is watching the State of the Union that note coming after the president failed to mention Tesla during his State of the Union where he touted the combined $18 billion investment by Ford and GM to build electric vehicles, mosque later tweeting Tesla's creative over 50,000 U.S. jobs, building electric vehicles, and is investing more than double GM and Ford combined. The lack of mention by Biden leading into Musk's latest comments coming after seemed to see reported on the ongoing battle between the billionaire and the commander in chief, of course, unions, the fact that Ford and GM may be unionized or are unionized may play into all this, but I don't understand why he doesn't just praise them more. I mean, if you're going to talk about growth. I know that if you're going to talk about growth in this country and the things that are innovative and what's really happening, they're genuinely as one guy who's actually doing it. There is. And why you wouldn't just say this guy is actually doing something pretty fabulous. It's really cool. This is sort of in always in job creation and wealth creation for shareholders. I mean, are we not happy teslas and American company? Maybe he just doesn't like him. Maybe it's a union. Well, it's become that probably from the some of the tweets. But I think it began with union. I think it started with the union center. But it's involved. And it's now into a thing where, you know, what did he call an empty suit or something? I mean, he's ad hominem. Kleenex, I think he called him. A what? What Kleenex or something or? The president. Yeah. No, that's what Elon called the president. Yeah, that's what I mean. Yeah, yeah. That's not nice. No. So you think he's going to give him a shout out? Noah for dry Kleenex, isn't it? I don't know. In the last administration. You know what though? I'm glad they didn't get mentioned. No, but if you were the president, he should go fix this. He should go fix this. Why shouldn't he? You are now you're speaking some truth to me. You are. Now, no, I do. I like it. I agree with you. I'm just saying you're right into The White House. He should take whatever. There's no way he may get, and he should say, this is the way he's doing it. I think they're crazy, but there's no way to not cherish Elon Musk and what he's done in this country. There's just no way. We're not even talking about space. At this point, we're just talking about electric cars. There you go, coming ground. That's the pod for today, thanks for listening, as always, and if you like what you hear on squawk pod, spread the word. You can tell a friend to listen, we're usually only about 30 minutes, or tweet us your thoughts any time at squawk CNBC. Squawk box is hosted by Joe kernan Becky quick and Andrew Ross Sorkin. On TV, that's weekday mornings on CNBC. It's 6 eastern, or follow, squawk pod, this podcast wherever you listen. We'll meet you back here, tomorrow. We are clear, thanks guys. Get in early. Join the CNBC investing club with Jim Cramer be among the first, get tips straight from Kramer. The only club with exclusive trading leads for early access symmetry email at CNBC dot com slash investing club..
Squawk Pod
"bill miller" Discussed on Squawk Pod
"The Union. I'm taking robust action to make sure the pain of our sanctions is targeted at Russian economy. And that we use every tool at our disposal to protect American businesses and consumers. Tonight, I can announce the United States has worked with 30 other countries to release 60 million barrels of oil from reserves around the world. America. Will lead that effort. The United States will account for half of the release of oil reserves by IEA member states, but to put this in context a little bit, 60 million barrels, maybe gets you a month's worth of supply if the Russians oil supplies cut by about a third. And by the way, we are still releasing oil from the SPR that the president announced back where it was at $78 a barrel. And that obviously hasn't made a huge difference with WWE all the way up at $100. It's weird in the past whenever we release it. It always goes up the next day. Not for some reason. But it barely going to cover the shortfall from Russia is a big producer. I was bizarre, also in the reading just below the lead editorial is a sort of a summary of Germany's last 5 years and what's happened in terms of natural gas, where the production of natural gas has gone like this, and they're absolutely gone like that. And they have plenty of the same thing horizontal drilling, fracking that we've done here. They've got all kinds of deposits over there that they haven't done. They haven't used. We've offered to develop it for them. American companies. They didn't do it. They didn't do it and they put their fate in the hands of Vladimir Putin and I think that's part of what we're talking about here. But they seem to be more, I don't know, they seem to be cutting off their own notes by Facebook. Right now. I mean, this is a situation where they know they are so reliant on it. They know that this is moving in. And they've been waking. People were saying, don't wake the sleeping bear that is the Russians. I think you've awoken the Germans to the situation that they've been put in. And they are responding very quickly. I do get a little emotional thinking about the Ukraine 30 years. They've had everything that the west offers, that they didn't have before. And it's really precious, but it's really precious the freedom that it's going away. Biden also didn't say that as pointed out once again. We didn't say anything about that this will not stand. If you do finally take over, you can replace the government and do everything else. We're not going to, we're not going to let that stand. I'm not saying militarily. But we're not going to accept it. I don't know. I don't know how you need to just isolate them. I thought there was a lot of, as you would say, sophistry in that op-ed this morning, because where's the force of fallacious claim? I was just trying to grab the paper. The claim is that effectively you need to say that this will not stand. Okay, well then you effectively are saying I'm going to warn you. I don't know how it is. I get it. They make a laundry list for their critiques of what was said last night. That's what they do. And honestly, I'd rather see the implementation of these sanctions and some tough stances taking on this. And talk about tacos. And then just do this was not Harry Truman at the dawn of the Cold War calling the world to meet a new danger. We didn't hear was a vow that Russia will not be allowed to conquer and hold Ukraine. So you're saying that you would have to threaten military action. I don't know how else you say that aloud because we isolate. We're doing what we do. And I think I would put all of the other rhetorical flourishes in the context of that. Of course, that's what he's saying. It's not going to stand. I don't know. I saw that. Well, I think he's taken a very long time. But we did we totally let Georgia and Crimea that we have. Totally. And we're Friends. And the difference is the Ukrainians stood up and said no. And embarrassed after they did it. We don't care anymore either. The west doesn't care about Georgia or Crimea. We can't let that happen. We didn't hear that we didn't say this is not going to be like Crimea. And Georgia. No, let's hope that's the case. T's next, coming up on squawk pod inflation, leisure stocks, and portfolio management with two influential investors, noted value hunter Bill Miller. I think inflation expectations are what we need to keep our focus on and not headline inflation. And aerial investments melody hobson. I don't want to overstate anything, but certainly I think they were seeing opportunity in this market. They see value where others see problems. Get in early. Join the CNBC investing club with Jim Cramer be among the first, get tips straight from Kramer, the only club with exclusive trading leads for early access symmetry email at CNBC dot com slash investing club. Welcome back. This is squawk pod from CNBC. I'm Becky quick, along with Joe kernan and Andrew Ross Sorkin. Yesterday, Ariel investments held its third gathering of top value investors. The event focused on the challenges of trying to manage portfolios and what we have seen to be a very volatile market. Collectively, the participants at the events manage more than $350 billion in assets. Joining us right now in a squawk box exclusive interview is melody hobson. She is the co CEO and president of Ariel investments. And by the way, she moderated yesterday's panel discussion. And we also have one of the veteran value investors. Bill Miller. He's the chairman and chief investment officer of Miller value partners and folks, welcome to both of you. It's really good to see you guys. Melanie, you want to start off. I know this had to be front and center for you all yesterday. What's happening with inflation right now and how we expect the fed to react, especially with the additional growth and inflation and inflationary pressures coming from the Ukraine invasion. What do people think right now? How did these investors get their heads around this? We had 7 great investors on the phone all on the Zoom all value investors all very well known for what they do. And they had one belief in common, which was that the fed would be very, very hawkish this year. I was really surprised by how aggressive between the group they expected somewhere between four and 6 rate hikes this year alone. And they thought that the fed was their hand was forced, that they were going to have to move in order to get inflation in hand. But let's talk about that because this is the biggest question the markets are kind of grappling with right now. Do you think the fed is going to take a more aggressive stance because of what's just happened with Ukraine? Are there more worried about the economy at this point? Or do they really have to keep a laser focus on inflation and make sure that they are incredibly aggressive? I think they are what they say they are, which is data dependent. So I think that they clearly know that they're behind the curve right now and they'll be raising rates somewhat this year. I was in the 5 camp, but I think I'm less worried about inflation actually Becky than I guess most people are because if you look out to the 5 year inflation expectations, it's high, it's 3.2%. But that's not high historically. That's about in line with historical inflation going back to the 19 20s. And if you look at companies like Cleveland cliffs, for example, the big steel company steel prices are expected to fall significantly next year. So I think that right now inflation, the headline inflation is a problem. And it's a problem for the American people, but also I think that inflation is going to be dropping over the next few years. I think inflation expectations are what we need to keep our focus on and not headline inflation. Does that mean that you are incredibly bullish on the market at this point? If that's the case of inflation is not as big of a deal and you're looking at the economy we have right now that does seem to be a pretty good reason to buy. Well, the market's down a lot. I mean, a lot of stocks are down 50% of the high flyers that really great investors like James Anderson at Bailey Gifford and Dennis lynch at red Morgan Stanley and Kathy wood, for example, at arc, who have made their reputation on these. They're mostly in half. So I think there's some opportunities there. They're not cheap. They're just cheaper than they were. But there are a lot of cheap stocks out there. I mean, Tenneco, which I own. Tenneco was just bought out at double the price. And that was four times earnings. The.
Squawk Pod
"bill miller" Discussed on Squawk Pod
"Investors, Ariel's melody hobson, travel and leisure from airlines to hotels, to casinos. There was a lot of enthusiasm for that space. And Bill Miller of Miller value partners. If you look out to the 5 year inflation expectations, it's high, but that's not high historically. That's about in line with historical inflation going back to the 19 20s. Plus, Elon Musk left out of Biden's speech. He's crazy, but there's no way to not cherish Elon Musk and what he's done. He's comfort. There's just no way. It is Wednesday, march 2nd, 2022, squawk pod begins right now. We start the podcast with the latest in Ukraine, the capital city Kyiv is bracing for Russian assault. A 40 mile long convoy of Russian vehicles continues to advance toward the city, although reports say it has been slowed by problems, such as lack of gasoline, food, and even hesitancy by Russian soldiers. The economic response against Russian president Vladimir Putin is ramping up as well, Boeing has suspended major operations in Russia, as well as support for the country's airlines, including parts, maintenance, and technical support services, Boeing joins Apple, Ford, Dell, ExxonMobil, and others in polling goods and services from Russia. And in last night's State of the Union address Adam speaker, the president of the United States. President Biden's first in office. Thank you, thank you, thank you. The crisis in Ukraine took prompt billing. 6 days ago, Russia's Vladimir Putin sought to shake the very foundations of the free world. The president praised the Ukrainian people as well as NATO and its allies, and he announced further economic measures against Russian companies. I'm announcing that we will join our allies and closing off American aerospace to all Russian flights. Further I study in Russia and adding additional sprees on their economy. He has no idea what's coming. We'll pick things up here with the squawk box team, Joe kernan, Becky quick, and Andrew Ross Sorkin. Andrew's up first. So the screws are being tightened to some degree. The market's tightening the Russian oil. And it's interesting that it's a real bipartisan move that you see from the right all the way to the far left in terms of demanding that Ed Markey is doing it for climate purposes. But it goes from Republicans, rhinos, mansion. Bernie Sanders. Did you see what he did? He talked about the oligarchs. He talked about how far he'd like to see this going and just but it's happening. It's happening already. No, Russia can't give it away at this point. Although the journal points out, the same amount was exported yesterday as the Thursday before the invasion. But a lot of it is the people that got it and now are trying to unload it, but it's like you get an $18 discount on Russell. It's a problem. No one wants it. This is a situation. Because you don't because you could be in trouble down the road if you do it now because you don't know what and just it's looking at this and nobody wanted to be in business with the Russians. I've been incredibly impressed by what you've seen, not just corporate America, but corporations across the west that have pulled back and said, this may be painful. It may be 3% of our base. It may be more than that. And they're willing to step up. But don't you think that most of the business it seems almost symbolic for the list of companies that we just listed? 90% of those companies, it's a symbolic issue. I would think in the I think it's more than the oil and gas situation. It's different. And I think Steve liesman made but then Steve leaves and made the very smart point. Yesterday, which is you are to some degree selling you may be turn out to be selling your stakes in equity back for a song. You are walking away. It's going to be expensive and that's going to be expensive. It's going to be expensive for those companies to get out of that. But it's not just expensive to the companies. The question is whether it's a gift in a strange and ironic way back to back to Russia. The question is whether you think that those equity stakes also came with expertise, which is to say that if you believe that these western oil companies were providing engineering and expertise at the Russians didn't have, and now we're pulling that back and that that actually has value beyond the equity. That's a different story. I thought it was symbolic that the close, okay, we're closing our airspace to Russia. When we close the Ukrainian airspace the rest, which I'm not suggesting that we do, because Rubio made some good points about that. There are two nuclear powers. The two reasons why Putin thinks he can get away with this. Number one is oil and gas and number two is nuclear weapons. We've got to take one of those two away. Every single thing that you can't have a dogfight over with a MiG and a U.S. fighter jet over Ukraine and why don't we get shot down? It's really, really unbelievable that we're even talking about these things. But I don't know about closing our space. That seems symbolic. That's turning the screws. Does anyone from Russia coming here now? I did see a flight that left from Russia yesterday and made its way down to cancun and the way that it had to go.
Animal Spirits Podcast
"bill miller" Discussed on Animal Spirits Podcast
"Morgan four years ago calling bitcoin fraud and everybody that invest in it deserves lose all their money. And now it's on their private wealth platform like this is the biggest bank in america these in the world actually probably it's big bang in america offering bitcoin products to their high worth clients. It's only a matter of time before that's available to all their clients not just high net worth visa largest and most successful payments company in the world actually bigger than j. p. morgan in terms of its market cap. They've been on the crypto train doing partnerships with indian all companies. They can trying to integrate with the technology because they've educated themselves and they see where this is going so those trends are going to continue regardless of whether we're upper down twenty thirty forty fifty percent month. oh vermont. I think the point that you just made about it being fifty basis points of global wealth or whatever it is is very that strikes me as very meaningful and. I don't think you need to really over think. This bill miller a few months ago how to feature and barons and he said the supply of bitcoin is expanding a two percent annual rate. Do you think demand is growing faster than two percent of the year. And when i read that. I was like all right i get. It helps to simplify it like that. So let's turn this conversation in to block. Fine what's going on guys have been in the news with some regulation stuff so i think it's important that we talk about listeners. And frankly for ourselves. I'm curious to hear what's going on from your perch alright. Recently kentucky department of financial institutions became the fifth state regulator to claim that you're interest service the bi the block by interests. Count violates state securities laws. So what's happening here is that they are trying to prevent you from. Having new customers open accounts it would not impact existing customers. But talk to ops. About which way the regulatory winter belong in how it's coming to your doorstep..
Rebecca Sounds Reveille
"bill miller" Discussed on Rebecca Sounds Reveille
"I love that saying but this is great though because the more they here is the more they connect with you and i think that embraces a lot of things and it's you're sharing all your excellent basket get out there. Don't rely just on one person to do all of these things for you. You gotta get out there and brand yourself and make yourself now and sometimes much from people you know like well my agents not helping me. Maybe i need a new agent. Were i hear in rate. You know the agents not the agents fall. I mean. they can't help it. They submit you. And you might not be right for the role or you just might not fit or You you can't blame. You have to stay connected you know in the loop and do things so he can't blame everybody else. 'cause you just might not it. S all as holiday. And it's not personal. It's just that's what's needed for that particular role age chains for you. Blame anybody is it. Went on your own and there's something to really learn to especially if you are going in the entertainment field and you want to be an actor. Going to audition is really important in sudan. Always focused on landing the role but developing your skill. Because you learn so much every time you go to an addition along this I love my dishes you now. I'm just going on with my lie in not thinking about the next row. Because they don't come when the right role comes in know and then becomes oh goody you know this is fine you know. I wrote something online about this thing goes today or yesterday. It's like five dollar bill. And now where is or a hundred dollar bill miller. Now where you're or. Whatever thousand dollars a gem. And i love it and i really get excited. Is the what. I was omitted for what i get at the time. And if i don't get it you know i mean sure i'm sad or yuban in her right i'm not you know get let my life or ever because i i did use of research and i even hear hung it professionals. You know the list that you know. It's you usually book wine at like sixty nine auditions and in the professional world you know sagging things of that nature. I don't even think i've even reached sits not edition centrally so i have low along rated. Oh you know before you know. I reached my goal. Offline now but you know no haven't reached that number yet. You have already been very involved and you laugh. Yeah antagonistic roles. Yeah your odds are really good because he keeps coming back to you. Yeah it's options when it started when i was in broadcasting to my thing is is that i was listening to the radio announcing kid and every time i told j. replays a song for me and he never did irritated me now and i recall and call a kid. You know what i mean. They my saw you know whatever whatever i want to do at this time. You know if they never played assume. Is you know wyatt. Edey never going to do that to somebody. And there's a story behind this too. I so anyway. Yeah so. I i ended up becoming a dj or went to broadcasting's after had starting my talk show. Because i wanted to test the waters. S when i do i test the waters a little bit. I before i start spending money you know. Just say martin with they acting wanted to test the waters a little bit. I love it again. If i'm gonna burn out before i started best thousands of dollars in december and mcgrath's playing around with it. You know stayed up. ornate hours..
The Breakdown with NLW
"bill miller" Discussed on The Breakdown with NLW
"The worries that one reads about regularly in the press and in research reports are already priced into the market commensurate with the market's assessment of their probability. The market looks. Broadly fairly valued to me with most stocks price to provide a market rate of return plus or minus a few percent. There are pockets of what looks like appreciable overvaluation pockets of significant undervaluation the us market. In my opinion we can find plenty of names to fill our portfolios and so remain fully invested so to wrap up. I find this analysis fascinating. For a couple of reasons i is just so comparatively calm non ideological which is a real change of pace for those of us who hang out on crypto twitter to it is almost willfully noncommittal other people disclaimer their financial op-eds with not financial advice. This guy is really not really giving a liquor. Financial advice third. It's super interesting to see such a large. Bitcoin holder advocate not go all in on the inflation story and the bitcoin is inflation hedge narrative. I think it gets back to a story of bitcoin that never really leaves although it often takes a back seat to whatever the narrative dems your is that is bitcoin as non correlated bitcoin as a new type of force. Bitcoin is a thing that just keeps plugging along no matter what we try to say about it. Bitcoin as to quote david pumpkins. Its own thing. It's easy to forget that the broad base of holders is far less ideologically homogeneous than bitcoin. Twitter would make one think that ultimately what they are interested in is an asset with no precedent in human history. Anyways guys let me know what you think. About miller's assessment. Hit me up on twitter at an w and if you're enjoying the show please go take a minute to rate and review it. I really appreciate everyone who does that until tomorrow. Guys be safe and take care of each other piece..
The Breakdown with NLW
"bill miller" Discussed on The Breakdown with NLW
"It's super interesting to see such a large. Bitcoin holder and advocate not go all in on the inflation story and the bitcoin is inflation hedge narrative. I think it gets back to a story of bitcoin that never really leaves although it often takes a back seat to whatever the narrative for that is bitcoin as non correlated bitcoin as a new type of force. Bitcoin is a thing that just keeps plugging along no matter what we try to say about it. Bitcoin as to quote david s pumpkins. Its own thank. Welcome back to the breakdown with me. And i'll w daily podcast on macro bitcoin and the big picture power shifts remaking our world. The breakdown is sponsored by david and produced and distributed by coins. What's going on guys. It is tuesday july thirteenth. And we're talking about why.
CoinDesk Podcast Network
"bill miller" Discussed on CoinDesk Podcast Network
"The worries that one reads about regularly in the press and in research reports are already priced into the market commensurate with the market's assessment of their probability. The market looks. Broadly fairly valued to me with most stocks price to provide a market rate of return plus or minus a few percent. There are pockets of what looks like appreciable overvaluation pockets of significant undervaluation the us market. In my opinion we can find plenty of names to fill our portfolios and so remain fully invested so to wrap up. I find this analysis fascinating. For a couple of reasons i is just so comparatively calm and non ideological which is a real change of pace for those of us who hang out on crypto twitter to it is almost willfully noncommittal other people disclaimer their financial op-eds with not financial advice. But this guy is really not really giving a liquor. Financial advice third. It's super interesting to see such a large. Bitcoin holder advocate not go all in on the inflation story and the bitcoin is inflation hedge narrative. I think it gets back to a story of bitcoin that never really leaves although it often takes a back seat to whatever the narrative your is that is bitcoin as non correlated bitcoin as a new type of force. Bitcoin is a thing that just keeps plugging along no matter what we try to say about it. Bitcoin as to quote david pumpkins. Its own thing. It's easy to forget that the broad base of holders is far less ideologically homogeneous than bitcoin. Twitter would make one think that ultimately what they are interested in is an asset with no precedent in human history. Anyways guys let me know what you think. About miller's assessment. Hit me up on twitter at an w and if you're enjoying the show please go take a minute to rate and review it. I really appreciate everyone who does that until tomorrow. Guys be safe and take care of each other piece..
CoinDesk Podcast Network
"bill miller" Discussed on CoinDesk Podcast Network
"Investor turned bitcoin bowl. Bill miller isn't quite sure. His new quarterly letter is an interesting contrarian take on the market before we look at that letter however. Let's discuss who. Bill miller is miller had an absolutely epic run his flagship fund the leg mason value. Trust beat the market fifteen years in a row in two thousand eight however it absolutely dumped crashing fifty five percent. He had made leveraged bets. On bear. Stearns freddie mac and others but the fed's action underwhelmed what he thought they were going to do. After that fifty five percent crash withdrawals from the fund were insane. He went from seventy seven billion dollars under management to about eight hundred million dollars under management that plus a divorce settlement led to miller having a ninety percent cut in personal wealth in just a few months even surrounding all this though. He did a couple of things right i. He was long term byron holder of amazon. Starting from just after ipo nineteen ninety-seven and even increasing Stake after the dot com bubble burst. He had to sell a bit after those fund withdrawals in two thousand eight but he bought a ton of call options when amazon. Tank that same year those shares have gone from worth under forty dollars per share in november. Two thousand eight to over three thousand dollars. Now in two thousand twenty amazon made up. Eighty three percent of miller's personal portfolio and he guesstimate that he was the largest individual shareholder in the company whose quote last name isn't bazo still according to a barons interview earlier this year. Another bad of miller's has exceeded his amazon stake in value. That is you guessed it. Bitcoin miller started buying bitcoin between two hundred and three hundred dollars. Coins at his average cost. Basis is around five hundred dollars despite that insane two thousand eight fund. Cratering miller is a billionaire again. Thanks to his amazon and bitcoin steaks or at least. He wasn't april when he was doing the interview where he discussed all of this. So you've got something really interesting here. A classic old school value investor who also got in on bitcoin really early. Let's get back to his letter. The means subject is whether we're in a bubble. Here's how he sets it up as i was gathering material for this market letter. I came across this headline well known business. Publication michael berry jeremy grantham and other top investors are predicting an epic market crash. Here their gravest. Warning so far. Jeffrey gunnlaug leon cooperman stanley druckenmiller expected downturn. Two without quoting every one of the eight investors views. Here's a typical cross-section greatest speculative bubble of all time berry full-fledged epic bubble grantham saying the market was anything other than overvalued versus history is just to be ignorant of all the metrics valuation gum. Lac i have no doubt that we are in a raging mania and all assets druckenmiller. Then stand at it. I also have no doubt that. I don't have a clue when that's going to end. He pointed out that quote. I knew we were in a raging manian mid ninety nine but it kept going on and if you shorted the tech stocks and mid ninety nine you're out of business by the end of the year the others quoted in the story mostly did not appear to share stands cautiousness about the risks of actually acting on predictions of a dramatic decline in stocks. I recall george soros saying in two thousand eight. He had predicted that financial crisis. He then wryly noted that he had predicted many financial crises over his career. That never materialized so as you can see. Miller is getting into this confusing dynamic of it being possible for there to be a bubble but for the bubble to have more room to inflate and that that being where investors make their money or not he quoted another article called killer. Wave and the nasdaq bubble quote. Many technology stocks were fundamentally overvalued while many of the mean stocks crypto currencies in other covid winners prove fundamentally worthless there is nothing inconsistent about expecting further big gains in asset prices that are already fundamentally overvalued. This should be obvious to anyone who experienced the nine hundred eighty nine japanese bubble that nineteen ninety nine dot com bubble and the credit bubble of two thousand eight. But here's where miller's contrary take comes in quote what does a bit curious about the bears. Predicting an epic market crash is that we had one only fifteen months ago. The market went down the most in history four week period ending on march twenty third due to the panic over covid nineteen before beginning the remarkable recovery that we are currently experiencing. I think thing. That miller is noticing. Is that there is an entire cottage industry in the sky is falling in a world of exuberance. It can seem extremely clever to be the naysayer. The problem of course is that when the perma bears predict their teeth market crash it weakens their ability to actually move people to action they become cassandra's prophets doomed to tell the future with no one to heed their warning. Of course many of them also have paid newsletters or other financial interests specifically designed around their duma adding on the topic of inflation. Miller says that he has no idea but he does think that we've collectively forgotten. The real problems of inflation quote inflation has been too low as the fed. Sees it for long enough that most investors have forgotten the nineteen seventies and early nineteen eighties when it was a major problem. It is perhaps ironic that fifty years ago president. Nixon took the us off the gold standard. During the postwar period through nineteen seventy-one global banking crises. Were few since going to a system of floating exchange rates. There have been many. Bitcoin was born out of the two thousand. Eight crisis was designed to be free of government control and manipulation to be the ultimate in an inflation proof asset. It is an open question if it will be an enduring store value with many strong opinions on both sides. Ultimately miller's main point is that we simply don't know and that at least a him. Things seem kind of fine quote arisen. Study of inflation forecast by economists consumers in the bond market found no significant ability to make value added predictions quote as the new york. Times puts it as far as major shifts in inflation go. We're all in the dark. Just as we are all essentially clueless about where the stock market is heading the price of oil in two thousand twenty two the.
CoinDesk Podcast Network
"bill miller" Discussed on CoinDesk Podcast Network
"Bitcoin bill miller doesn't think it's a market bubble even though others seem to think so i up however let's the brief i other brief today it is. Cpi day and i don't need to tell you guys as regular listeners of the show how contentious debate around inflation is right now. The fed is invested in trying to convince everyone that the numbers are high but transitory based on specific dislocations related to the world coming out of corona wall street is invested. Because they're worried that the cheap money party will come to an in their minds. Premature end if the fed is forced to take action and raised rates. Bitcoin is are invested because inflation eating people savings and generally making their lives. Harder is a key part of their philosophical thesis for bitcoin. In the first place all of this added up gives the release of new numbers a pretty serious significance. Well the latest numbers are out and they're pretty sure to make this debate rage even hotter the consumer price index jumped zero point nine percent in june month over month. Five point four percent year-over-year. The monthly change was the largest. One month changed since june. Two thousand eight when you excludes food and energy the so called core. Cpi month over month was also zero point. Nine percent in year-over-year was four point five percent. This was more than expected. Bloomberg economists had predicted zero point. Five percent monthly and four point nine percent year over year. The big drivers of inflation are sort of what you'd expect. Increased demand particularly around things like travel. And they're also continues to be supply shortages. Although many commodity prices like lumber are starting to come back to earth there also shifts in employee expectations. A lot of people are making different. Decisions are looking to be paid more for the first time in a long time. Some of these costs are being passed on. Forty seven percent of small businesses rose average selling prices in may and that was the highest share since one thousand nine hundred eighty one now as always. There is a ton of hemming in hong about the implications of all this. And i'll just point to one tweet. That i think nails it from melting mirrors. She writes cost of living. Cpi is up five point four percent year over year with june alone. Seeing zero point nine percent increase median price. To buy a home is up twenty. Three percent year-over-year wage growth is up three point. Seven percent returns to labor are less than the returns to capital. And you ask why everyone is becoming an investor what i like about this is that it's just observational in a world. Where increases in wealth happened almost entirely by deploying capital markets versus deploying labor to work. No wonder more people are trying to get in on that game. So what should we be watching for around inflation from here. So far it's easy to dismiss a lot of this as an issue of bass effects base effects refers to the fact that when you have a year over year measure if there was a major dislocation a year ago that would explain some of these seemingly high numbers may twenty twenty with sort of peak base effects it was a peak contraction in economic activity. And so from here on out every month. Farther away from may twenty twenty that we get there's going to be less power for base effects to explain high inflation so that will be something to keep an eye on if in how it changes the larger public discussion for now in this brief our. Let's move. let's move over to crypto markets. here's a new flood narrative that i see emerging. Let's call it. Spillover fed the argument in a nutshell. Is that crypto super volatile. It involves people trading with high leverage that exacerbates huge swings in the market and i'm increasingly seeing folks in the traditional finance and regulatory side calling out how that volatility and those major swings could increasingly represent a systemic risk to other asset classes as well in other words crypto risk might spill over to traditional markets. I noticed a bit of this in the recent house. Financial services hearing on crypto in particular one of the expert witnesses described how as hedge funds get more exposure to crypto. They could effectively translate risk from that asset class in two other asset classes. The concern is that if hedge funds get some huge margin call based on a massive down move it could cause other assets in their portfolio that art crypto to get liquidated. the example of argos is high in. Everyone's mind where when in march it couldn't meet a margin call. A bunch of banks offering prime brokerage services start to liquidate billions and stock ultimately credit suisse lost about five point five billion nomura lost about two point. Nine billion morgan stanley lost nine hundred million and ubs lost seven hundred and seventy five million the concern that something like this could start in crypto and then moved to other areas is exacerbated by the opacity with which hedge funds operate up until now crypto has been so retail focused that it's risk has been largely self contained sure individual consumers who bet with too much leverage might be hurt but it wasn't gonna spill over now that institutions are moving into the crypto space on mass. The concern of systemic risk is growing and since we have no ability usually to see what type of bets hedge funds are making. It makes it very difficult to see. How particular market action could cause a problem now. One testimony does not a narrative. Make however check out this headline on coin desk today. Bank of england warns of crypto spillover to mainstream markets. The just released about a fifty page report on financial stability that has a short section on cryptos quote the increase in risk taking also manifested in the price volatility of certain crypto assets alongside these indicators rapid appreciation of crypto asset valuations in recent high levels of price volatility in these instruments could highlight potential pockets of exuberance prices of major crypto assets such as bitcoin and a theory of experienced sharp appreciation over the twelve months prior to april twenty twenty one in particular the price of bitcoin rose sixfold over that period but then sold off sharply in may such that its price fell by around fifty percent and has remained at this lower level and remains particularly volatile with price changes skewed to.
CoinDesk Podcast Network
"bill miller" Discussed on CoinDesk Podcast Network
"What's going on guys. It is tuesday july thirteenth. And we're talking about why bitcoin bill miller doesn't think it's a market bubble even though others seem to think so i up however let's the brief i other brief today it is. Cpi day and i don't need to tell you guys as regular listeners of the show how contentious debate around inflation is right now. The fed is invested in trying to convince everyone that the numbers are high but transitory based on specific dislocations related to the world coming out of corona wall street is invested. Because they're worried that the cheap money party will come to an in their minds. Premature end if the fed is forced to take action and raised rates. Bitcoin is are invested because inflation eating people savings and generally making their lives. Harder is a key part of their philosophical thesis for bitcoin. In the first place all of this added up gives the release of new numbers a pretty serious significance. Well the latest numbers are out and they're pretty sure to make this debate rage even hotter the consumer price index jumped zero point nine percent in june month over month. Five point four percent year-over-year. The monthly change was the largest. One month changed since june. Two thousand eight when you excludes food and energy the so called core. Cpi month over month was also zero point. Nine percent in year-over-year was four point five percent. This was more than expected. Bloomberg economists had predicted zero point. Five percent monthly and four point nine percent year over year. The big drivers of inflation are sort of what you'd expect. Increased demand particularly around things like travel. And they're also continues to be supply shortages. Although many commodity prices like lumber are starting to come back to earth there also shifts in employee expectations. A lot of people are making different. Decisions are looking to be paid more for the first time in a long time. Some of these costs are being passed on. Forty seven percent of small businesses rose average selling prices in may and that was the highest share since one thousand nine hundred eighty one now as always. There is a ton of hemming in hong about the implications of all this. And i'll just point to one tweet. That i think nails it from melting mirrors. She writes cost of living. Cpi is up five point four percent year over year with june alone. Seeing zero point nine percent increase median price. To buy a home is up twenty. Three percent year-over-year wage growth is up three point. Seven percent
CoinDesk Podcast Network
Some Warn of Market Bubble, Bitcoin Bull Bill Miller Disagrees
"What's going on guys. It is tuesday july thirteenth. And we're talking about why bitcoin bill miller doesn't think it's a market bubble even though others seem to think so i up however let's the brief i other brief today it is. Cpi day and i don't need to tell you guys as regular listeners of the show how contentious debate around inflation is right now. The fed is invested in trying to convince everyone that the numbers are high but transitory based on specific dislocations related to the world coming out of corona wall street is invested. Because they're worried that the cheap money party will come to an in their minds. Premature end if the fed is forced to take action and raised rates. Bitcoin is are invested because inflation eating people savings and generally making their lives. Harder is a key part of their philosophical thesis for bitcoin. In the first place all of this added up gives the release of new numbers a pretty serious significance. Well the latest numbers are out and they're pretty sure to make this debate rage even hotter the consumer price index jumped zero point nine percent in june month over month. Five point four percent year-over-year. The monthly change was the largest. One month changed since june. Two thousand eight when you excludes food and energy the so called core. Cpi month over month was also zero point. Nine percent in year-over-year was four point five percent. This was more than expected. Bloomberg economists had predicted zero point. Five percent monthly and four point nine percent year over year. The big drivers of inflation are sort of what you'd expect. Increased demand particularly around things like travel. And they're also continues to be supply shortages. Although many commodity prices like lumber are starting to come back to earth there also shifts in employee expectations. A lot of people are making different. Decisions are looking to be paid more for the first time in a long time. Some of these costs are being passed on. Forty seven percent of small businesses rose average selling prices in may and that was the highest share since one thousand nine hundred eighty one now as always. There is a ton of hemming in hong about the implications of all this. And i'll just point to one tweet. That i think nails it from melting mirrors. She writes cost of living. Cpi is up five point four percent year over year with june alone. Seeing zero point nine percent increase median price. To buy a home is up twenty. Three percent year-over-year wage growth is up three point. Seven percent
Talking To Change - A Motivational Interviewing podcast
"bill miller" Discussed on Talking To Change - A Motivational Interviewing podcast
"Clinical practice is also scientific. You can use scientific method understand what is happening in what helps people make better and he was primarily interested in the very things that we're talking about in this book of. What is it that therapist does. That makes a difference. What is it that a behavior therapist does that makes them a better behavior therapists. What is the second amick therapist. Does that gets better client outcomes. Rogers really didn't so much create a new school of psychotherapy although it gets cast that as ring scientific method into thinking about clinical practice now we have somehow in psychology recently reduced it to this silly debate of is a technique or his relationship is the technique. You're using or therapeutic relationship that matters and the problem with that is the word work. it's both. i mean no one would say it doesn't make any difference what you do in therapy. I mean if of course it matters what you do. And there's very strong evidence that it matters how you do what you do that. The way in which you deliver a behavioral therapy for example or the way in which he frankness as diabetes. Educator has a real outcome above and beyond the specific technique content of what. You're and this is where i feel like. There was a confluence of things that happened when motivational interviewing I was developed and where it was developed because mit began in the field of alcohol. Misuse and really cool thing about that. Is that alcohol. Use is an outcome variable. That is so tidy. It's so tiny especially if you compare it to. Things like depression and schizophrenia and borderline personality disorder in ptsd in other things that are super important. But we just your messier. We can't measure them as well but alcohol use disorder has tiny little outcome variable and along comes motivation. So here comes this great outcome variable the weekend exploit to get some really good crisp ideas about how people are actually doing after. We're finished with them and then here comes. Motivational interviewing in which the relationship is equally privileged to the technique and band. Here comes that that marriage of those two things right. I call it the world marriage. And i think that's what it was that made a real contribution in the area of psychotherapy process. Research was that you could actually look at relationship elements of an empirically supported treatment for a very clear outcome variable. You could really get some traction on what might be going on there. So i love the fact that I think motivation interviewing may that really simple contribution in this particular area and you're very clear vision in relation to your desire to discover what really worked for people and hiking we as helpers beat as helpful as we possibly can be what of curious about is the fact that we have heard from many of our gas and even bill referred owners. Just that idea that end. The journey through motivational people changed the music motivational. Vince seems to be the notes that explain the jin. Some curious given the fact that you both been around longer than most other people. Would you say that you have changed as individuals as a consequence of meeting and working with motivation. Definitely in my case as i said earlier just learning the reflective listening learning how to do that dramatically improved relationship for me and change to. I am as a person. I think it helps to be a more empathic person. And you're not an empathic person unless you're doing it so it's the inside outside again. Both of them growing together..
Talking To Change - A Motivational Interviewing podcast
"bill miller" Discussed on Talking To Change - A Motivational Interviewing podcast
"Want to just say we won't have time to go into each and every one of these skills but people might be wondering 'cause line you mentioned just a moment ago that there are eight skills at military had referencing the bucks so just to list them and we might look into a couple of these in more depth accurate empathy acceptance positive regard genuineness focus hope eve location and then lastly offering information nodes ice so just to what people's appetites perhaps on what would be available to them if they were to read on and one of the things that glen and i were talking about the store. You all joined us terry was. Is there a skill of those eight that you would consider to be perhaps more important than the others kinda would win out if you had to choose one of her. Would that be if i only teach one of them. It would be accurate empathy. It's the largest effect size of any. It's been around long time. we understand it. Well know what it looks like in how to learn it and we use the first of the chapters on specific methods in our book for that reason that it's the one that just most consistently is associated with better client outcome hard to make the argument against it. Because i i mean i would probably choose them but to believing. Let me make the case for genuineness. Because genuineness is a skill that first of all it's hardest wanted to define it was the hardest chapter two right for me and we almost didn't put it in because the research for it is not as maybe as wrong or pithy as it is for the other characteristics but there is a pretty good case to be made for the fact that all of the other therapists skills. Don't really make a difference if there's not genuineness present. What good is empathy without genuineness would good is acceptance without genuineness and to me. This is a really important skill. Also because i teach a lot of graduate students in brand new therapists and this is always an issue for them right. They don't feel genuine because there's some new and awkward at it and a lot of times by task is to help shape them towards being more themselves as they're trying to do this therapy thing and sometimes i feel like that's my biggest task so i really think the power of genuineness can't be overlooked when you're talking about which when you laying messed
Talking To Change - A Motivational Interviewing podcast
"bill miller" Discussed on Talking To Change - A Motivational Interviewing podcast
"I'm particularly pleased that motivational interviewing was really evoked from me. It didn't start with theory. I didn't begin with this as an idea. I was in norway on a sabbatical leave meeting with a group of psychologist there and one of the things that they wanted me to do as always trying to help them. Learn behavioral approaches. Also person senator approach to working with alkyl rome's was terrell play and they would portray clients. They were seeing that they found to be particularly challenging and essentially say. Oh okay smart guy. What would you do this and see how i would respond and in the process. They did something very interesting. My american students didn't do very often. We would be role playing right along long. They would stop me and they would say. Oh wait a minute. What are you thinking. Or they'd ask good questions. You reflect something the client said you would teachings about reflection a client said why did you reflect that or you asked the question but you could ask many questions. Why did you ask that question. And because neither verbalize some apparent decision rules that i was using of which i was not conscious i wouldn't particularly wear them but as we unpacked together. What was happening in these conversations. We started coming up with a set of kind of guiding rules cutting to send rules the centered around the idea of it should be the client. Who's making the arguments for change. Rather than me than the counselor. And some ma'am of cases of that of what kinds of questions you asked once you reflect in particular but i think it was the essence of it in when you run into something. That feels like resistance. Don't ever push back against it. You don't argue with it. You don't try to correct it through the do what we early call role with this on listening. Try to understand and so really high quality empathic. Listening is a fundamental piece of this as well that starts with a with an expert mind but with a beginner's mind but i don't know this person i don't know what their.
Talking To Change - A Motivational Interviewing podcast
"bill miller" Discussed on Talking To Change - A Motivational Interviewing podcast
"Welcome to another episode of talking to change motivational interviewing podcast. My name sebastian. Kaplan i'm based in winston salem north carolina and as always joined by my good friend. Glenn hines from derry. Northern ireland low. Glenn close up him We are doing something a bit difference. Our loyal listeners. Be familiar with our typical intro. Where glennon i go back and forth a bit and transition directly into our conversation with our guest and and let's work work pretty well Up to this point but We wanted to try something a bit. Different listening to other podcasts. Different formats so what we're trying today is actually recording our intro. After we've already completed the The episode or the interview as part of the episode. So hopefully people will Will enjoy the change and certainly welcome feedback about that Speaking of feedback. And questions glenn how. How can people reach us as always on twitter. It's at change talking on facebook. It's talking to change on instagram. It's talking to change podcast and for questions reviews ideas or information seeking information about a trenin its plot cast at blenheim dot com excellent. Well we wanted to share our reactions to the interview that we had and One thing is it was kind of cool to acknowledge their several firsts with this episode we ever i return guests which is terri moyers. Who joined us early on one of our earlier episodes About change talk and is the first time where we had two guests and the other thing. That's a first is just a really significant person in the world of am i. they'll miller bill on is one of the co founders of 'em i and authored the very first paper back to nineteen eighty three and it was really really great to have bill on I for obvious reasons The reason why. We had. Bill terry on is they just wrote. A book was published in the last couple of months called effective psychotherapists. So it's not an episode about m. i. per se It is centered around this book and their discovery or perhaps rediscovery of eight core characteristics of effective psychotherapist now of course some of the content overlaps with motivational interviewing terms and ideas. So am i. Listeners will be familiar with those for sure but It was a really interesting conversation. A couple of things. That stood outs me as i reflect back on. What we discussed was Terry's discussion about the importance of genuineness which is Is certainly a core or central to carl rogers writings Cheap she talked about it as as something that might Stand out amidst these eight therapist characteristics that they discuss in the book and the other thing that i really appreciate in. What bill and terry Bring to the world Is just a really a a real dedication to empirical rigor These eight characteristics are intuitively..
POSITIVELY JOY
"bill miller" Discussed on POSITIVELY JOY
"You know. And we can see wise counsel among those whose experiences and intellects and hearts we respect But truth is springing up all around us. I always had this image of you know after after the winter is passed in the spring. His come you begin to see the blossoms common and for me that that's true that's really there sometimes. It seems like it's disappeared but it really is higher dating back and we're going to say if we're looking for. Oh good so good. Congratulations you were married. The end of last year to your human as you call my who was a true miracle after decades of being just with my bee's pretty much and you and you have six six dogs now even after willie is that correct. We do i. I intended to have one dog and my beautiful bride intended to have two dogs and don sign me and it's interesting because the dogs that find may often have a story and they have a story that is an important one. It's an inspiring one. And i don't really go in search them they seem to find me And so pay attention when they do find me and it's hard for me to say. No so i. I'm on ed and we live in a very small house And we we didn't plan it this way but there are two humans six dogs in the small house. And it's kind of a disaster. Sorta looks like a cyclone came through but it is filled with love and more love than dog hair. And that's that yeah. Yeah yeah so. I'm gonna ask you a question that i think either be like the easiest thing in the world to answer or the most difficult win was a time when you were truly overwhelmed by the love of god. You know a number of experiences. Come come to mind. But i would have to say that the whole howley tour was was like that because you know here was my dog who was given three months to live back in november two thousand sixteen and we got to the summer and he was still alive. I didn't know if he was gonna make it. I didn't know if anybody would wanna meet willie or here. Our dog stories or support animals in their hometowns and to see people come out and share his story and share in his joy and do good. Just come together. People from every walk of life every religious tradition that matter what their differences where they came together to support willie and scored animals in their community and it was overwhelming. It was a grueling trip. It was really hard and willing to drive and did not navigate and he did not load the car the room which was which was enough but there were so many nights when we would go back to our hotel run just the two of us and the biggest smile would come over my face and just The the spirit of true joy and contentment just thinking back on what we had experienced that day the people we met and their generosity their willingness to share their stories their color abilities the loss of their animal's their tragedies as well as their triumphs and it was just like a gate of openness community had been unleashed through this beast. His story knowing what he had been through that he was still with us for some reason so it was like that a lot of the tour was over with a sense of god's presence wow so other than reading the other than getting the book and reading and sharing these stories. What can people to to basically to do what you did on the tour to help their local communities and the local animals know what. What would you suggest that they do. Yeah so you know. Virtually every location has a humane society an animal shelter. And just plug in there. You know again if if you have some extra in your house and you need another being another family member you adopt one but day. The opportunities are there and for willie as a result of his good work. We started what's called the hallelujah foundation and the hallelujah foundation we're just getting getting started helping animals and helping people help animals but there are opportunities everywhere and that was one of the beautiful things on the trip is that almost every location had partnered with their local animal shelter. some were established. Some were just getting started and it allowed us to give them some publicity to get their name out there and to raise some money. We all the donations that we took in went into those animal. Shelters are both some of our books. sell sail profits. Went to those animal shelters so the opportunities really limitless for helping our animal. You never know where where it might lead you we. The heliliah foundation has an affiliate chapter in cape town south africa. Wow and wait. That wasn't in the plan. It just it was through the meeting. Some wonderful people there Them hearing about willie and his story. And what we were doing and they said you know what we want to help animals in naked in cape town. We love what you're doing the name of can we just be your affiliated said apps that you go or it so they're doing great work with animals in cape town. That is wonderful. That's wonderful. I just want to thank you so much for sharing these stories and also encouraging people to get animals from from shelters all my animals from shelters. I don't know that. I've had any as unusual as maybe you've had right now. I have. Well this is maybe this right now. I have a black lab. Her name is lemon and her name actually has an unusual story. I was told by a person at the shelter. Who is british that the name lemon means wild and crazy. And she was a young labs. They named that. Because the i. I said of course is she a lemon. What's i love her. she's great she's a she's going on nine now and i have never found ever a person who's either lived in britain or from britain to know that story come no truly truly truly the thing about her name or not and i've never a couple of cats you know we've gotta love our our furry felines to from shelters and then as i mentioned earlier my sister had a golden retriever puppy who is who is all puppy brain right now. named gap so. It's i think it's important. I think it's important. And they have a such love and return for the little simple little things we do for them. It's not much not much to be kind to an animal and they repay us though so much. You know many times over and you know we all know In the creation story the guy created lots of animals. But i don't know there's just nothing like the dog. I just you know. Believe god did his best work when he created this canines. I not not anything wrong with humans. You know some of my best friends are humans and i love cats too. I've had met some wonderful cats. And i love their unique in strong personalities. You know it's we can learn a lot from them but dogs are just the best for me. Yeah they really are well you so much for speaking with us today Everybody please go ahead and grab your copy of the last hallelujah. It's really really good it. It's funny and again comforting in a lot of ways and we appreciate and you've got some books He's he's written other books based on other dogs. He had a dog named sam that he wrote about. But you've also written about beers other. Maybe you know in your catalog there. May maybe lots of books. Then people would be interested in checking out Yes there was the gospel. According to sam the beer drinkers guy to god. A you know whether you like dogs beer. Whatever there's something for you bring it back to god and i'm okay. That's right absolutely and that's what it's about the bill. Thank you so much we appreciate you buy. You enjoyed it. You've been listening to positively joy. I'm your host. He that walker and you so much for spending some time with us. Come on to our website. Pasta joy dot com. You can listen to past episodes. You can download the free teachable. Call five ways to choose joy. See our merchandise cool. T shirts with our new logo got a lot. Going on at positively joy dot com. So we hope to see you there. Farewell for now..
Memphis Morning News
School bus crash in Tennessee kills girl and driver
"School bus driver and a seven year old girl are killed in a crash in Tennessee Highway Patrol Lieutenant Bill Miller says the driver of utility service truck lost control on a state highway slid into the oncoming lane of school bus bus driver had no opportunity to stop to avoid the crash. Seven Children are hospitalized.
Radio From Hell
Newspaper publisher resigns after printing racist cartoon
"Well who says nobody reads newspapers anymore the publisher of a family owned Missouri newspaper has resigned after publishing a racist syndicated cartoon depicting a black man stealing a white woman's purse while Hale healing funding cuts to the police bill Miller senior on Thursday said he has stepped down as publisher of The Washington Missourian but it's he's still the paper's owner the cartoon published Wednesday shows the white woman asking for somebody to call nine one one but the mask black man says good luck with that lady we de funded the police the cartoon published Wednesday hello I. that see the cartoon was published amid protests across the country of course and George Boyd yeah who says nobody reads newspapers
Vince Coakley
Cardinals, Mike Metheny and Mike Scheldt discussed on Vince Coakley
"Sports play well after an eighty two loss to the reds that dropped down this fortyseven fortysix the cardinals fired manager mike metheny last i replaced him on an interim basis with bench coach mike scheldt the cardinals also relieved hitting coach john me bran assistant hindi coach bill miller of their duties mathie was in a seven season as skipper elsewhere in the national league a big night for how they are by as in san diego bias drives one in the right field it's deep it's back toward the right center field fence raises their that bond is gone homer and the cubs have broken at wide open they lead eleven to four listen to these fans in san diego pat hughes.