Bill Miller back on top
Bill Miller of the Legg Mason Value Trust fund made a lot of headlines when he failed to beat the Standard & Poor's 500 index for the first time in 15 years. He lagged by a large margin--it was quite a streak. Some thought his amazing run was over, but he just may get back to his winning ways this year. Through April 26, Miller has returned 5.1 percent vs. 5.4 percent for the benchmark. His performance has been aided by a big rise in Amazon's stock. He is also making some big bets in the housing market and what he calls "falling knives" in the market. Countrywide and General Electric are good examples. Should be interesting.
For more:
- here's an article from Financial News Online
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