What Does a Winning Streak Tell Us?
Submitted by Grunden Financial Advisory, Inc on November 30th, 2011Bill Miller is one of the most closely watched money managers in the industry, so it was big news when he announced his decision last week to step down as portfolio manager of Legg Mason Capital Management Value Trust (LMVTX) early next year. His departure also adds an intriguing chapter to the long-running debate regarding the value of active stock selection.