Bill Miller Goes it Alone

[mickeyd]

The guy that beat the S&P 500 for 15 years running a few years ago is splitting with LMM. He must have made a bunch of $ when he was on top.

Bill Miller is severing ties with Legg Mason after more than three decades.
The stock picker, famed for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own, according to a statement released today. LMM oversees $1.8 billion in assets, including the $1.3 billion Legg Mason Opportunity Trust, the Miller Income Opportunity Trust and related strategies.

Famed investor Bill Miller leaves Legg Mason after 35 years | Financial Planning

 

[gcgang]

66 years old and starting his own investment company. I guess we won't be seeing Bill on the FIRE forum anytime soon.

 

[dixonge]

15 years ahead of the S&P, just before nose-diving his fund into oblivion. But he's back! This time will be different.....

 

[ponyboy]

Who?