Next Generation Value Investors

At Patient Capital Management, we are long-term, contrarian, value investors focusing on growing wealth through Time, not Timing

Patient Capital Management is a Baltimore based newly independent investment adviser. After working with legendary investor Bill Miller for over two decades, Samantha McLemore founded Patient Capital in 2020 to make publicly available a strategy she started in 2014. Patient shared operations with Miller Value Partners until May 2023, when it acquired Miller Value's Opportunity Equity business, along with the supporting teams.

Rooted in an investment philosophy developed over decades by Bill Miller, Samantha McLemore and her team continue to evolve and refine this time-tested process with an aim to outperform the market over the long-term.

At Patient Capital, we are long-term, contrarian, value investors focusing on growing wealth through Time, not Timing.

Bill Miller continues to serve Patient as a senior advisor and minority owner in the Firm while remaining invested in the underlying products.

At Patient Capital, we operate with the singular purpose of serving clients and helping them enhance their long term investment returns.

We believe to generate long-term excess returns, we must think and act differently. Our edge lies in the intersection of human behavior and markets. We focus explicitly on time arbitrage and the inefficiencies that occur over long time horizons.

Patient Capital is uniquely positioned to deliver differentiated client outcomes. By focusing on the long-term and looking through near-term noise, Patient positions itself to pursue excess returns driven by incentives wholly aligned with our clients.