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Tuesday, Oct 1
Bill Miller: Tough finding great values
- It's very hard to see things you think will be up 50-100% in the next 12-24 months, Bill Miller tells CNBC, finding himself in agreement with Buffett and Icahn about the dearth of great deals in the market today.
- Legg Mason's famed value man is a big fan of a couple of big cap techs though, calling Apple (AAPL) "The biggest no-brainer in history," and Microsoft (MSFT) an "above ground gold mine that mines cash, not gold."
- Miller's decades-long hot hand went ice-cold during the financial crisis, but his Legg Mason Opportunity Fund has topped the performance list of diversified U.S. stock mutual funds for the last three quarters.
- Previous: MIller's bullishness on Apple isn't new news.