Legendary Streak
Bill Miller, a 1972 alumnus of Washington and Lee and chairman and chief investment officer of Legg Mason Capital Management, gained the esteem of the financial world for his 15-year string of beating the Standard & Poor’s 500 index. That streak finally came to an end in 2006. Earlier this week, AsiaOne, the website that publishes content from Singapore Press Holdings’ publications, did a profile of Bill in which they examined his strategies for that record-breaking run. You can read it here.
One of the interesting nuggets from the piece is about the way Bill’s approach of valuing companies and not market trends led him to Google’s initial public offering in 2004.
If you want to hear Bill’s theories unfiltered, you can go to the Legg Mason Capital Management site , where you’ll see a short video feature, “In Our Own Words,” or a report from this summer’s 2010 Morningstar Investment Conference, for an interview with Bill about what has been described as the “behavioral edge” that Legg Mason portfolio managers bring to the portfolios.
