Another tough year for Bill Miller

Until last year's stumble, Bill Miller, of the Legg Mason Value Trust fund, had beaten the Standard & Poor's 500 for 15th straight year, establishing himself as a industry luminary. People were counting on a rebound in 2007, but he has fallen short again. For the year, the fund lost 6.6 percent, according to Financial News Online. The S&P 500 was up for the year. The fund was hit hard by financial and housing stocks. But he's not daunted by the crisis. He sees bank stocks as cheap right now and would like to ride them back up. Here's to a better 2008.  

For more:
- here's the Financial News Online article