The Bill Miller Playbook: How Lincoln Financial, Strategy, and Nabors Stack Up for Retirement Investors

Quick Read

• Strategy (MSTR) crashed 78% implicit the past year, portion Lincoln Financial (LNC) pays a 5.1% dividend covered 4.6 times by adjusted earnings.

• Nabors (NBR) surged astir 200% connected a genuine deleveraging story, but nary dividend since 2020 and commodity vulnerability disqualify it for status income.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and MicroStrategy didn't marque the cut. Grab the names FREE today.

Bill Miller built his estimation astatine Legg Mason by beating the S&P 500 for 15 consecutive years utilizing a concentrated, contrarian, worth approach. He was celebrated for backing misunderstood names, astir notably Amazon successful the aboriginal dot-com years and aboriginal Bitcoin, arguing that mispriced assets reward diligent capital. That doctrine has produced immense winners and terrible drawdowns.

For a retirement-focused investor, the utile question is whether a concern tin beryllium counted connected for durable earnings, reliable income, and manageable volatility. Below, we fertile 3 Miller-style candidates from slightest to astir due for a status portfolio, ending with the apical pick.

3. Strategy

Strategy (NASDAQ: MSTR), formerly MicroStrategy, is efficaciously a leveraged Bitcoin proxy wrapped astir a bequest analytics bundle business. It held 762,099 BTC astatine the extremity of Q1 2026 and, per CEO Phong Le, 818,334 BTC arsenic of May 5, 2026.

Shares are down 78.5% implicit the past year, closing astatine $86.93 connected June 30, 2026, with a beta of 3.47. Q1 2026 delivered a $12.54 cardinal nett nonaccomplishment driven by a $14.46 cardinal unrealized nonaccomplishment connected Bitcoin holdings, and diluted EPS came successful astatine a nonaccomplishment of $38.25 per share. The institution pays nary communal dividend and carries $8.17 cardinal of semipermanent indebtedness positive $229.53 cardinal successful preferred dividend obligations successful Q1 alone.

Miller whitethorn emotion the Bitcoin thesis, but leverage, dilution, and swings of this magnitude are incorrect for a retiree.

2. Nabors Industries

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and MicroStrategy didn't marque the cut. Grab the names FREE today.

Nabors Industries (NYSE: NBR) is simply a classical contrarian vigor services sanction successful the mediate of a genuine deleveraging story. Net indebtedness has fallen to $1.55 cardinal with nett leverage of 1.7x, the lowest since 2008, and yearly involvement disbursal should diminution by astir $45 million.

Full-year 2025 diluted EPS came successful astatine $17.39, connected $3.2 cardinal successful revenue. Shares closed astatine $84.01 connected June 30, which was 199.8% higher than a twelvemonth ago. CEO Anthony Petrello said, "2025 proved to beryllium a transformational twelvemonth for our superior structure."