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.

Amazon's stock had fallen more than 90% amid Wall Street bankruptcy calls, but a fund manager identified a favorable detail in its financial statements and continued buying. The article highlights a contrarian investment thesis based on fundamental analysis during an extreme period of negative market sentiment.