FYI: Bill Miller isn’t always right, but he’s never boring.
The former manager of the Legg Mason Capital Management Value Trust mutual fund beat the S&P 500 stock index for an unprecedented 15 years in a row only to lose a bloodcurdling 55% in 2008. The largest mutual fund he now runs, Miller Opportunity Trust, has outperformed 99% of similar funds over the past five years, although it lagged badly in 2016. And a hedge fund run by Mr. Miller has made a bet on bitcoin, the digital
Regards,
Ted
http://jasonzweig.com/can-fund-manager-bill-miller-use-earthquakes-to-predict-the-market/
