Stock market 'fairly valued,' Bitcoin's ability to store value an 'open question' - fund manager Bill Miller

tobiasjo/iStock Unreleased via Getty Images Bill Miller, chairman and chief investment officer of Miller Value Partners, said in a fund letter that he thinks the stock market looks "broadly fairly valued" and believes that fund managers should be able to find "plenty of names to fill our portfolios." In his regular fund letter released this week, Miller took an agnostic view of whether Bitcoin (BTC-USD) could provide a useful inflation hedge, calling it an "open question" whether the cryptocurrency will prove to be an enduring store of value. Detailing his overall market view, the fund manager acknowledged growing fears of a stock-price bubble and mounting worries about inflation. However, he pushed back against those concerns, saying the market has already taken them into account. "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