Legendary Investor Bill Miller Sees Values Hidden in Plain Sight
Bill Miller is the legendary investor from Legg Mason Capital Management that beat the SP500 for 15 straight years (CNBC claims it was a record) before the financial crisis just about destroyed Legg Mason and his reputation. Bill has basically been in the investment wilderness for the last couple of years as the doom and gloomers took over the media. Recently he appeared on CNBC (see video below) and penned this interesting commentary for January. One of the biggest issues I've noticed with Bill is that he seems clearly focused on just US stocks. He wasn't a big investor in commodities in the 2000s which is what lead to his under performance. Now after a good 2009 he seems to be regaining some of the spotlight so it's interesting to see what he says now especially since Stone Fox Capital has similar views in valuing assets and the stock market. Like us he seems clearly more bullish on profit growth and higher GDP then the general market expects. Anybody watching CNBC will ...