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Bill Miller: I love Twitter at $16

Chris Ratcliffe | Bloomberg | Getty Images

"I love Twitter at $16, " said legendary value investor Bill Miller in an interview with CNBC on Wednesday.

Miller is founder, chairman and CIO of Baltimore-based LMM and portfolio manager of the Legg Mason Opportunity Trust fund. LMM is a partially owned subsidiary of Legg Mason and has $2.1 billion of assets under management.

Here is why the legendary investor, who famously beat the S&P 500 15 years in a row, likes the battered social network.

(See video clip below which is only for Pro subscribers.)