Bill Miller (investor)

Bill Miller is Chairman and Chief Investment Officer of Legg Mason Capital Management, a subsidiary of Legg Mason Inc. managing more than $60 billion of pooled assets and separate accounts. He is a portfolio manager of the Legg Mason Value Trust mutual fund, the after-fee return of which has beaten the S&P 500 index for 15 consecutive years since 1991 (consistently excessive returns over the general market is considered to be anomalous according to the efficient market hypothesis).

Other well-known investors who have similarly outperformed the market include Peter Lynch, Manu Daftary and Warren Buffett.

Books

• Lowe, Janet. 2002. The Man Who Beats the S&P: Investing with Bill Miller. Wiley. ISBN 0-471-05490-9.

Memorable Quotes

• "Lowest average cost wins."
• "How do I know when I'm wrong? When I can no longer get a quote."

External links

• Legg Mason Capital Management
• CNNMoney - Will the market kill Bill?
• Best Fund Managers 2006 - Bill Miller, BusinessWeek.com.