Warren Buffett's No. 1 rule applies to every stock investor
Legg Mason fund was among the worst performers in past year
Those stock funds that moved less, profited more.
As the Legg Mason stock picker builds on a three-year rebound following his disastrous recession-era record, the pain of that historic crash can still be heard in his voice and the questions from his biggest critics remain.
Bill Miller , the Legg Mason fund manager who beat the S&P 500 for 15 years straight before seeing his fund massacred by the financial crisis, is proving you can't keep a good manager down, says Wall Street Journal.
After a big bounce in 2009, Bill Miller's Capital Management Value Trust is behind again.
The likes of famous mutual fund managers like Peter Lynch and Bill Miller may not be seen again as active management loses luster for investors. But Jeffrey Gundlach and Bill Gross can still grab headlines.
The firm is on the mend after a period of turmoil, but questions remain.
Probably not, but you shouldn’t care much.
Longtime manager will remain as Legg Mason Capital Management's chairman.