Our strategy has been and will remain consistent: we attempt to buy companies whose shares trade at a substantial discount to our assessment of intrinsic value and to hold those shares long-term.
Bill Miller, CFA
At LMM, we think and invest differently.
We believe that LMM’s best investment opportunities come from a behavioral edge, while other investors look for an informational advantage. We value research from uncommon sources to help us understand the market as a complex adaptive system.