US EditionBill Miller IV: Small-Cap Value: A Brewing Comeback? | The Acquirer's Multiple®
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Bill Miller IV: Small-Cap Value: A Brewing Comeback? | The Acquirer's Multiple®
In his July 2025 commentary It Often Rhymes, Bill Miller IV paints a compelling portrait of market distortions, pointing to overlooked opportunities in small-cap value stocks amid an all-time-high S&P 500. “The S&P 500 came roaring back to hit a new all-time high over the course of 89 trading days,” Miller notes, “marking the fastest time to a new high after a drop of at least 15%.” Yet underneath the surface of this recovery, Miller sees a bifu…
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