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Bill Miller: How To Make Money In A Changing Market: Text & Video Presentation
Bill Miller needs to learn a little risk management. I own his Legg Mason Opportunity fund. I'm used to it either performing in the bottom decile or the top decile. Just no way to have a clue which one it will be in a given year. Not an easy fund to own or invest in. I was impressed when he went 15 years in a row beating the S & P 500 in each year, so went with this focused fund. Up 67% in 2013; up 40% in 2012; down 35% in 2011, a year the S & P 500 went up 2%. He either just came out with or will soon come out with a fixed income son co-managed with his son. I'll pass on that.
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