Bill Miller doesn’t see market as ‘dramatically overvalued,’ says Amazon could double in 3 years

Bill Miller doesn’t see market as ‘dramatically overvalued,’ says Amazon could double in 3 years

Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market’s valuation being too high. 

“If you look at the overall market … we’re trading around 17 times the consensus on bottom-up earnings for 2021, which is about the average for the last five years,” Miller told CNBC’s “Closing Bell.” “It might be a little extended…

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