
At times, the fund has held large positions in individual stocks, exposing it to more company-specific risk than its typical rival.Management's willingness to hold stocks that some might deem expensive and to venture into risky sectors have made the fund fairly volatile.High expenses because of a
This mutual fund is back on top this year, but remember the bold approach can backfire.
J. Gabelli Fairholme FAIRX Bruce Berkowitz Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley ..... headlines splashed across the media. As Legg Mason Value Fund's LMNVX Bill Miller puts it, "if it's in the papers, it's in
Ariel ARGFX John Rogers Jr. Baron Asset BARAX Ronald Baron Andrew Peck Gabelli Asset GABAX Mario J. Gabelli Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley Cates Oak Value OAKVX David R. Carr Jr. Larry Coats Jr
Ariel ARGFX John Rogers Jr. Baron Asset BARAX Ronald Baron Andrew Peck Gabelli Asset GABAX Mario J. Gabelli Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley Cates Oak Value OAKVX David R. Carr Jr. Larry Coats Jr
Shareholder Letters from All-Star Managers Ariel ARGFX John Rogers Jr. Gabelli Asset GABAX Mario J. Gabelli Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley Cates John B. Buford Oak Value OAKVX David R. Carr Jr. Larry
Clipper Fund CFIMX James H. Gipson FPA Capital FPPTX Robert L. Rodriguez Gabelli Asset GABAX Mario J. Gabelli Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley Cates John B. Buford Oak Value OAKVX David R. Carr Jr. Larry
Clipper Fund CFIMX James H. Gipson FPA Capital FPPTX Robert L. Rodriguez Gabelli Asset GABAX Mario J. Gabelli Legg Mason Value LMNVX Bill Miller Longleaf Partners LLPFX O. Mason Hawkins G. Staley Cates John B. Buford Oak Value OAKVX David R. Carr Jr. Larry
of this group of value funds. The venerable Bill Miller manages it, but it should be fairly different from Legg Mason Value LMNVX . On the plus side, it doesn t have built-up capital gains and its small asset base will give Miller more flexibility. It
A few months ago over lunch, Legg Mason Value's LMNVX Bill Miller gave Davis New York Venture's NYVTX Chris Davis some advice: Make room in your portfolio for a couple stocks that