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Legendary investor Bill Miller is reportedly using earthquake science to predict the market

  • Miller's system tries to predict when conditions will be primed for buying or selling and how aggressively a fund should buy or sell, according to The Wall Street Journal.
  • The Journal reported that he is only testing this strategy in a private fund he runs for his family.
  • Miller is considered one of the best investors ever, after beating the market for 15 years in a row while working at Legg Mason.
A large crack splits a road in the suburb of New Brighton on February 25, 2011 in Christchurch, New Zealand.
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Investing legend Bill Miller is trying something new to predict markets: Earthquake science.

Miller is using insights from geophysics to identify financial-market shocks before they happen, according to The Wall Street Journal. The system tries to predict when conditions will be primed for buying or selling — and how aggressively a fund should buy or sell — by using market prices and other measures.

He reportedly told the newspaper his firm, Miller Value Partners, is hoping to develop a "quantitative model that would add value when the market's going up and when it's going down."

The Journal also reported that he is only testing this strategy in a private fund he runs for his family that had about $15 million as of last December.

Miller is considered one of the best investors ever, after beating the market for 15 years in a row while working at Legg Mason.

Miller Value Partners did not immediately respond to CNBC's request for comment.

Click here to read The Wall Street Journal's full story.

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