Bill Miller on Suicide Watch

[capmac]

Isn't this guy the 2nd largest shareholder of Fannie & Freddie?

 

[50_Bip]

Not only that, he was doing a Martingale strategy the whole way down.

 

[gnome]

Quote from 50_Bip:

Not only that, he was doing a Martingale strategy the whole way down.

That's how most MMs get a big reputation... "getting away with it" on big risk... until the time it doesn't work, of course.

 

[Trader5287]

Miller is a menace to his investors and needs to be removed.

http://finance.yahoo.com/q/hl?s=LMVTX

 

[The Kin]

Quote from Trader5287:

Miller is a menace to his investors and needs to be removed.

http://finance.yahoo.com/q/hl?s=LMVTX

LOL
LOL
LOL

 

[BeatingtheSP500]

I don't think he could have done worse if he tried.

 

[50_Bip]

When Bill Met Freddie
On December 31, Freddie Mac shares were worth $34.07 apiece, and Bill Miller owned 15 million of them.

By March 31, Freddie Mac shares had fallen 25% to $25.32 each, and Bill Miller owned 50 million of them.

As of July 31, Freddie Mac shares had collapsed all the way to $8.17. And Bill Miller owned 80 million of them.

Anybody else getting the impression that Bill Miller is one of the world's worst bear market fund managers?


http://www.portfolio.com/views/blogs/market-movers/2008/08/12/when-bill-met-freddie

 

[ByLoSellHi]

Quote from 50_Bip:

When Bill Met Freddie
On December 31, Freddie Mac shares were worth $34.07 apiece, and Bill Miller owned 15 million of them.

By March 31, Freddie Mac shares had fallen 25% to $25.32 each, and Bill Miller owned 50 million of them.

As of July 31, Freddie Mac shares had collapsed all the way to $8.17. And Bill Miller owned 80 million of them.

Anybody else getting the impression that Bill Miller is one of the world's worst bear market fund managers?


http://www.portfolio.com/views/blogs/market-movers/2008/08/12/when-bill-met-freddie

Those numbers are absolutely staggering.

 

[bkveen3]

I feel bad for the guy. A lesson to all. Don't let money define you. Or when you lose it you'll lose yourself.

 

[Pa(b)st Prime]

Quote from ByLoSellHi:

Those numbers are absolutely staggering.

They really are. Even in the tech meltdown I never saw a "name" manager get stuck with such a hideous cannonball.