I wrote about Bill Miller and his recently ended streak of beating the S&P500 here.
An interesting article in the Wall Street Journal (”Mean Street: Losing Faith in Freddie Mac and Bill Miller” by Evan Newmark) discusses Bill Miller’s recent slide.
Key quote:
The Legg Mason Value Trust is now significantly trailing the S&P 500 for the past 10 years. Over that same period, it trails 72% of its peer funds.
To get outperformance from the fund versus the S&P500, you have to go back 15 years or more.