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Bill Miller
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Latest Headlines
Bank stocks still vex the value investing faithful
Over the past few years, few sectors have vexed value investors quite the way the banking sector has.
The old thesis that you should buy the dips of established companies because they will inevitably bounce back has been the downfall of many investors. The best example remains Bill Miller of L
Bill Miller to step down, cede control of flagship fund
The term "legendary" is often used to describe Bill Miller, the esteemed value investor who gained fame for beating the S&P 500 index 15 years in a row at the height of his success.
That streak ended in 2005 as the ensuing financial crisis was not kind to him. You have to give him some cre
Are we near the bottom for bank stocks?
Value investors have been burned before on financial stocks, especially the big commercial bank stocks and the likes of Fannie Mae. It's so tempting to believe that the selling is overdone when they drop so precipitously. But would buying in now be to commit the same mistake that the likes of Bill
Bill Miller lags index again in 2011
Bill Miller's record since 2006--the end of his phenomenal 15-year run of beating the S&P 500--has been somewhat spotty. He's had good years (2009), bad years (2008), and some mediocre years. This year, unfortunately, he's staring at another bad year.
So far in 2011, the Legg Mason Capital
The hits keep coming for Bill Miller
Bill Miller's fame was built on his stunning success over a 15-year period, during which he beat the S&P 500 every year. That streak ended in 2005, and since then he's had a spotty record. These days, people are much less likely to affix the adjective "legendary" to his name.
Investment
NYSE shareholders turn the tide in Nasdaq OMX's favor?
Did the NYSE Euronext annual shareholder meeting turn the tide in the battle for the premiere exchange company in the Nasdaq OMX's favor?
The NYSE could tick off some victories. Shareholders, for example, approved the current slate of directors be a not insignificant margin. But there was
Hedge funds: Bulls are contrarians these days
There's plenty of reason to be gloomy about the markets and the economy. And there are plenty of super-bears making their case in public. The New York Times talks to three contrarians who are making long bets right now.
John Paulson, we've noted, has had a tough time in his flagship and
The return of the swashbuckling value investor
Not so long ago, the most vaunted value investors--the likes of Bill Miller and several others--saw bank and financial stocks dropping toward book value and figured the worst was over. They were wrong. They got burned pretty badly .
What they should've done was wait, which is what David Tep
Bill Miller vs. the 'New Normal'
Bill Miller, despite being badly burned in the financial crisis, is resolute about sticking with financial stocks. So far this year, he's fared well with the likes of Bank of America ( BAC ) and Wells Fargo ( WFC ). He's even more bullish and told clients recently that there's more upside to s
Securities analysts discredited by credit crunch?
We've noted that there have been plenty of value-oriented mutual fund managers that have taken some huge lumps in the credit crisis. The likes of Bill Miller of Legg Mason and others, true to their philosophy, just kept on loading on financial stocks, as they tumbled, and tumbled, and then some mo
