http://www.ritholtz.com/blog/2009/07/8893-billmillers/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 21:07:54 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.ritholtz.com/blog/2009/07/8893-billmillers/comment-page-1/#comment-192153 Who Is Your Investment Co-Pilot? Abnormal Returns Fri, 10 Jul 2009 21:08:49 +0000 http://www.ritholtz.com/blog/?p=31368#comment-192153 [...] Even in the regulated world of mutual funds it is easy to see how it is that we can get lead astray by a gaudy track record.  Bill Miller of Legg Mason Value was heralded for years for his streak of beating the S&P 500.  But the fact of the matter is that we should expect to see streaks like this arise out of chance.  We really can’t say with any sort of certainty whether Miller was lucky or good.  What we can say is that holding his fund for the past five years has been a disaster.  (See this piece by Jim Bianco at the Big Picture.) [...] [...] Even in the regulated world of mutual funds it is easy to see how it is that we can get lead astray by a gaudy track record.  Bill Miller of Legg Mason Value was heralded for years for his streak of beating the S&P 500.  But the fact of the matter is that we should expect to see streaks like this arise out of chance.  We really can’t say with any sort of certainty whether Miller was lucky or good.  What we can say is that holding his fund for the past five years has been a disaster.  (See this piece by Jim Bianco at the Big Picture.) [...]

]]> http://www.ritholtz.com/blog/2009/07/8893-billmillers/comment-page-1/#comment-191027 Wednesday links: simple signals Abnormal Returns Wed, 08 Jul 2009 15:01:17 +0000 http://www.ritholtz.com/blog/?p=31368#comment-191027 [...] Miller is not unique. There might actually be 8,893 managers just like him.”  (Big Picture also Market [...] [...] Miller is not unique. There might actually be 8,893 managers just like him.”  (Big Picture also Market [...]

]]> http://www.ritholtz.com/blog/2009/07/8893-billmillers/comment-page-1/#comment-190996 Bill Miller is Back? Hardly. | The Big Picture Wed, 08 Jul 2009 13:30:34 +0000 http://www.ritholtz.com/blog/?p=31368#comment-190996 [...] Disclosures « 8,893 “Bill Millers” [...] [...] Disclosures « 8,893 “Bill Millers” [...]

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