Several top value managers who keyed on large stocks — to their portfolios’ detriment — in 2010 are continuing to focus on big blue chips as we head into 2011. Among them: Donald Yacktman, whose funds have trounced the market over the longer haul but lagged in 2010. “In 40 years I have rarely seen [...]
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Tag Archives: Bill Miller
Miller: Best Time to Buy Stocks Since Early 80s
October 21, 2010
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Legendary Legg Mason fund manager Bill Miller is seeing a variety of factors aligning to make this the best time for long-term investors to buy stocks since the early 1980s. Miller, who beat the S&P 500 for 15 straight years before falling on hard times in recent years, also tells CNBC that he’d “be surprised [...]
Read moreGurus Still Keen on Blue Chips
September 13, 2010
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A number of top value investors are continuing to see big bargains in big blue chips. Among them: money manager and columnist Whitney Tilson. “If you’re worried about a feeble economy you want to own companies with strong balance sheets,” Tilson says, according to the Associated Press. Tilson doubts the broader market will do much [...]
Read moreMiller High on Healthcare, Tech, Financials
March 23, 2010
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Bill Miller, whose Legg Mason Capital Management Value Trust is continuing its strong rebound this year, says the new healthcare legislation will mean good times ahead for attractively priced stocks in the sector. “The political benefits of the healthcare reform will come first, and the more painful aspects such as higher taxes will come later,” [...]
Read moreMiller Optimistic on 2010 — if Policy Makers Don’t Falter
January 11, 2010
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Value manager Bill Miller says that 2010 will be another good year for stocks, but that investors need to be very careful of ways that government actions could impact their portfolios. “The outlook for both the stock market and the economy is considerably better than the consensus forecasts,” Miller, Legg Mason Capital Management’s chairman, tells [...]
Read moreMiller Sees More Gains in 2010
December 9, 2009
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Bill Miller — who once beat the market 15 years in a row — has bounced back strong this year after some recent woes. And moving into 2010, he’s sounding quite bullish. Miller, whose Legg Mason Value Trust is up about 35% this year, said while speaking at the London Stock Exchange that “the outlook [...]
Read moreMiller Continues to Rebound, Likes Financials, Healthcare
October 13, 2009
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Bill Miller, the legendary Legg Mason Value Trust manager who beat the market for 15 straight years before falling on very tough times in the past three, is almost doubling the S&P 500 in 2009, and is high on financials, healthcare, and technology stocks. Miller tells Barron’s that in the next five to 10 years [...]
Read moreBouncing Back Strong, Miller Now High on Tech, Financials
July 22, 2009
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Bill Miller — who beat the market for a remarkable 15 straight years before struggling the last three — is bouncing back strong this year, with his Legg Mason Value Trust fund up almost 20% in 2009. Now, he says that bargains “abound” in the U.S. market, and that technology and financial stocks will lead [...]
Read moreThe Contrarians’ Revenge?
May 11, 2009
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MarketWatch recently had an interesting piece on contrarian investment strategies, highlighting the fact that many of the contrarian managers who were hit hard last year are now netting some strong bounce-back gains. “As the market has bounced back in recent weeks, [several] contrarian-style funds, with their bargain-minded ways, have been outperforming,” writes MarketWatch’s Sam Mamudi, [...]
Read moreThe Stars — and Fallen Stars — of 2008
December 18, 2008
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Kiplinger’s Fred Frailey looks this week at how some of the world’s top money managers got hammered by the recent market crash, as well as at how other noted managers lived up to their reputations and avoided the plunge. According to Frailey, some of 2008′s big-name losers have been Legg Mason’s Bill Miller (down 59% [...]
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