Bill Miller is optimistic about 2005. He thinks that valuations are not demanding. The skepticism and worries in Wall Street are based on analysis that is over-simplified.
Who would stay away from equities when we have just finished a prolonged bear market and have entered a period of perhaps sustained prosperity because he is worried about all the misfortunes that might occur? Bill Miller is not! That’s for sure! ….
http://www.leggmason.com/funds/ourfunds/whats_new/4thquarter.pdf
Who would stay away from equities when we have just finished a prolonged bear market and have entered a period of perhaps sustained prosperity because he is worried about all the misfortunes that might occur? Bill Miller is not! That’s for sure! ….
http://www.leggmason.com/funds/ourfunds/whats_new/4thquarter.pdf