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Originally Posted by utrecht
All I used to hear was that actively managed funds would never beat an SP500 index fund like VFINX long term. People were flabbergasted by one fund that beat the SP500 year after year (7 years in a row I think it was). I forget the name but I think Bill Miller was the portfolio manager.
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Legg Mason Value Trust(LMVTX) is the name of the fund. Old Bill has taken on the chin this year. Down over 20%. I think I read a couple of months ago he was buying banks. Looks like he jumped in a little too soon.
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Full time wuss............
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