Bill Miller
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average rating: 3.82 / 162 ratings
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Date updated:11-28-2007
Portfolio manager of Legg Mason Value Trust, Miller has been the only mutual fund manager who has beaten the S&P 500 for the last 14 straight years (although that streak just ended in 2006). Over the last ten years, he has achieved an average annual total return of 16.8%.
Bill is a buy-and-hold investor, he does not let short-term market volatility dictate his decision-making. He follows a value discipline of investing by purchasing primarily large-capitalization stocks at large discounts to his assessment of their intrinsic value. He tries to own securities that have been priced by the market at significant discounts to their intrinsic value by his multi-factor valuation analysis. Nevertheless, he has also taken big shots on more momentum type investments in companies such as Google, so long as he believes there is fundamental value there.
2006 is the first year since 1991 where the Legg Mason fund does not outperform the S&P 500. For 2007, Miller has stated that he is very bullish and believes the market will have double digit gains. He is so bullish that he was recently quoted in the economist that he is willing to borrow money to buy stocks, as he did in 2002.
Sold out of: NKE, JAH, MAS, AMGN, DELL
Top increased positions: UA, LCC
As of 6/30/06
-
AMZN
Amazon.com Inc - $67.00
- -0.53%
- $69.49
7.63% of portfolio
-
X
United States Ste - $63.50
- +0.14%
- $64.66
6.32% of portfolio
-
NIHD
Nii Hldgs Inc - $32.21
- -0.09%
- $32.61
5.92% of portfolio
-
MT
Arcelor Mittal Ne - $44.62
- +9.23%
- $42.41
5.59% of portfolio
-
LVLT
Level 3 Comm Inc - $2.26
- -3.00%
- $2.43
4.6% of portfolio
-
TYC
Tyco Intl Ltd Ne - $32.20
- -1.32%
- $33.10
4.13% of portfolio
-
COV
Covidien Ltd - $52.19
- 0.00%
- $N/A
4.13% of portfolio
-
TEL
Tyco Electronics - $25.65
- 0.00%
- $N/A
4.13% of portfolio
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10/09/2007 10:05 AM CDT Asked by Paintball Guns
I like your portfolio. Looks like a good list. Any thoughts on how long you plan to hold NIHD?
Paintball Guns
09/29/2007 10:50 AM CDT Asked by -2cents
It is very risky following message boards to buy good stocks, it reminds me of the boards that surrounded the dot com stocks boom (and then bust).
bridging loans bridging finance Adverse credit mortgage Buy to Let Mortgage
05/25/2007 16:35 PM CDT Asked by gfulop
gold
03/16/2007 23:09 PM CDT Asked by DavidAdair1234
wouldn't own an airline
01/31/2007 16:40 PM CST Asked by Nathan Weller
There is a message board that recommended buying XIDE at $5.50. I guess they have a big following or created a squeeze because XIDE is clearly overvalued. This message group also said buy EVCC.OB on Saturday the 27th. EVCC.OB went up huge but also was full of air and tanked later in the week. I'm expecting XIDE to do the same thing. Look at the correlation on the charts between EVCC.OB and XIDE. XIDE will crash just like EVCC.OB did. Short your bank roll on this pig and thank me later! The longs will be jumping off a cliff just like in EVCC.OB. Here is the website that pumped this garbage.
http://www.pennystockanalysis.com/index.html
#2 is EVCC.OB
#5 is XIDE
01/17/2007 13:52 PM CST Asked by mock portfolio
Are these his "Value Trust" holdings? Or a random assortment of holdings taken from the various funds he runs? Thanks.
01/14/2007 16:13 PM CST Asked by Gadget61
****
01/14/2007 14:12 PM CST Asked by Mark Stratman
Own it