7.13.2008

Does Bill Miller still suck?

Last month, we noted famed money manager Bill Miller's horrible performance.

It hasn't been very long since that post, but I thought we should have a quick update. Does Bill Miller still suck?

Yep.

He's lost another 10% in just three weeks -- that's about 4% worse than the S&P 500, the Dow Jones Industrial Average, or the Vanguard Value Index. Among the problems: a big position in Freddie Mac!

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...