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Friday, February 02, 2007

Mutual Fund Manager, Bill Miller

Have been following well-known mutual-fund manager Bill Miller's track record. His 15-year string of beating the S&P 500 index finally ended in 2006. His was a remarkable performance of consistently beating the index for such a long period. I was secretly hoping that it will continue into the future as well. However, even though his streak has ended, I like to follow his stock picks when ever possible.

Surprisingly, while many professionals emphasize diversification for risk reduction, his approach seems to be focusing on the fundamentals of a select number of stocks; an approach that's similar to that of Warren Buffett. However, this approach, which helped him trounce S&P 500 index for 15 years, cost him to lose the winning record last year as his picks didn't do as well as the broader market!

For related stories, click the links below:

Marketwatch.com - How S&P 500 finally topped Miller

Forbes – Beating Bill Miller

Bill Miller's Letter to Shareholder

posted by Ruby @ 5:46 AM

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