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Great article. Miller is a real joke, IMO, and has been for years, but the shill machine on WS is a high-dollar operation, and he is still considered by many to be a credible "money manager" who just had a little bad luck recently, that's all.
Oct 19 08:27 am
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All Comments by Bill Herbert »Barron's' 'Miller Time' Completely Misses the Math - and the Mark [View article]
I truly wish the SEC would require fund companies to prominently disclose the horrendous damage to wealth and stock portfolios that people like Miller have caused, and also make them disclose the real numbers on their performance over the years. Neither is the case right now, so there is a lot of outright fraud in the way these "investment results" are presented.
And Barron's??
Please don't make me laugh. Barron's hasn't been worth reading for years, and is getting progressively worse now that Rupert has taken over. Unless you have a need for catbox liner, save your money.
Same goes for Morningstar - basically a shill machine disguised as a service to investors. Their stock picks are entirely random, and as far as I know, haven't even matched the S&P for performance - so it's less than useless.