Bill Miller: Skepticism reigns, I am quite optimistic!

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Feb 15, 2005
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