Friday, January 27, 2006

Bill Miller's Secrets to Success; Jan 27, 2006

Bill Miller's $20 billion Legg Mason Value Trust fund returned 6% last year, beating the S&P 500 by 1.1 percentage points. Miller's win enabled him to extend his dominance over the benchmark index to 15 calendar years. So what is his secret for success? According to Bill Miller, " The answer, of course, is there is no secret; but there are some aspects of what we do that differentiate us from other investors, and from other value investors."

All the best,
Dah Hui Lau (David)

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