I really admire Bill Miller, he’s my kind of value/contrarian investor.
Bill Miller, who lost 55 percent in 2008 running the Legg Mason Value Trust after beating the Standard & Poor’s 500 Index for a record 15 straight years, is topping the measure again. [By Alexis Xydias and Lynn Thomasson]
It seems that he’s been buying companies with a lot of debt and low ROA that rely on consumer spending, something that a lot of people shy away from these days.
I’m sure many people will say that Bill caught a lucky break here but after beating the S&P500 for the past 15 years, you have to wonder if he really knows what he’s doing after all.
