New era for Bill Miller opening up?

We tend to think of Bill Miller as the guy who manages the $12 billion Legg Mason Value Trust, famous for having beat the S&P 500 for 15 years straight--a streak that ended recently. But as the New York Times points out, he's also chairman of Legg Mason Capital International, which is taking its lumps right now. It had large stakes of Yahoo and Countrywide. But these are the times when talent really shines. Some may think he's lost his touch. Or maybe he was due for a drought. But he's also thinking of shifting strategies in a way that would focus the fund on more stocks, or just a few dozen. He has his team scouring for opportunities, and you get the feeling that if Legg Mason Capital continues to lag, it won't be because of a lack of trying.

For more:
- here's the New York Times article

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