Black Swan hits Bill Miller

[ralph00]

http://online.wsj.com/article/SB122886123425292617.html

He beat the S&P every year from 1991-2005. In one year, that's all been wiped away and his fund is among the worst performers over a 1, 5, or 10 year stretch.

I guess buying the dips works ... until it doesn't.

 

[stock_trad3r]

He should have stuck to baseball. Back in 2006 when he had his 15th year I knew the guy was a loser when he went long in Yahoo. This only validates my conclusion.

 

[shortie]

Quote from stock_trad3r:

He should have stuck to baseball. Back in 2006 when he had his 15th year I knew the guy was a loser when he went long in Yahoo. This only validates my conclusion.

you are a genius.

why C is still not @2?

 

[dont]

fooled by randomness.

Like Taleb says, the turkeys think the farmer is fantastic until christmas

 

[stock_trad3r]

Quote from shortie:



why C is still not @2?

maybe because prince pee wee keep buying?I dunno I'm not short nor do I care what citi does.

 

[Pekelo]

His fund's performance history is pretty much the same as the indeces'.

According the chart, his fund high water mark was 11 times of the 1991 starting capital. Nasdaq went from 370 to 5000, a 13 times gain, in 10 years. So one was better off just averaging into the Nasdaq...

 

[AMT4SWA]

Quote from dont:

fooled by randomness.

Like Taleb says, the turkeys think the farmer is fantastic until christmas

The people think their government is great until......... :eek:

 

[stock_trad3r]

Quote from AMT4SWA:

The people think their government is great until......... :eek:

WHY DO YOU HAVE TO TURN EVERY THREAD INTO A POLITICAL ONE?

 

[AMT4SWA]

When the market gets slammed danced again maybe you will know why......LONG holder!