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Bill Miller Had a Great Run. But Did His Investors?
Oleh:
Sloan, Allan
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 164 no. 10 (Dec. 2011)
,
page 24.
Topik:
Investment
;
Stock Market
;
Investor's Return
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
There are certain stock market lessons that most investors never learn. Among the biggest is "Beware of throwing money at a popular fund." That's one thing we should all take away from the career of Bill Miller, once the mutual fund industry's brightest star. Miller, who announced recently that he's stepping down next April, became a star money manager as his Legg Mason Capital Management Value Trust (LMVTX) outperformed the Standard & Poor's 500 (SPX) for an astounding 15 straight years. The longevity of that streak, which ran from 1991 through 2005, will probably never be matched. It was a fabulous performance.
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