From The Pragmatic Capitalist:

I was shocked to see the front page of Barron’s with the image of investing legend Bill Miller titled “He’s Back! - It’s Miller Time”. The article says Miller is back at the top of his game after a disastrous 2 year run. A closer look at Miller’s fund and the mutual fund industry actually shows a pervasive and destructive problem on Wall Street - a total and complete lack of risk management.

The Barron's interview claims that Miller’s fund is worth taking a look at again. Miller himself even says that his patient investors have been rewarded.

In 2007 Miller lost 6.7% and then lost an astounding 55% in 2008. His fund is up over 36% this year. $100,000 invested with Miller over the last two years would leave you with roughly $60,000 today. Glad you stuck with Miller?

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