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tommyboy
1 Comment
Is Bill Miller Losing His Touch? [view article]
I worked for Legg Mason for about 14 years. I really feel that Miller has lost his touch and ventured away from his value theory. Further, he has so much money under managemet(which he is losing rapidly through erosion and withdrawls) that he has stopped paying attention. It's my understanding he was giving a "lecture" when Bear Stearns blew up and knew nothing about it. Their CFO Tal Daley is a butthead who gets pieces of information form the half dozen or more newspapers he reads and fancies himself a genius. I wouldn't let him manage a fruit stand. By the way he sold aload of stock in June of 2008 for "tax reasons" Both should resign before the shareholder revolt... Chip Mason should have stayed on board in a larger capacity.His leaving cost everybody a ton of money. Jun 26 08:32 PM