By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn't Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos

By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn't Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos

While Wall Street analysts declared Amazon headed for bankruptcy and the stock cratered over 90%, one fund manager read a single line in the financials that changed his mind and kept buying. His conviction cost him almost everything before it made him legendary.

By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn’t Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos

The post By 2001, His Amazon Shares Had Fallen 93% And Wall Street Was Predicting The Company Would Go Bankrupt. Bill Miller Didn’t Care, He Doubled Down At $6 A Share. Two Decades Later He Had More Amazon Stock Than Anyone Not Named Bezos appeared first on 24/7 Wall St.. Amazon’s Darkest Year…