Bill Miller's Amazing Winning Streak
This week on Masters in Business, we speak with Bill Miller, the legendary stock picker who beat the Standard & Poor’s 500 Index for 15 consecutive years while managing a fund at Legg Mason Capital Management.
In a wide-ranging discussion, Miller talks about everything from his stock-selection process, his famous streak, and what he got wrong during the financial crisis. Miller also has an intriguing theory about why investors have been abandoning active investments -- he blames those active fund managers who are actually high-priced closet indexers.
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