Bear Is Bill Miller's Latest Setback

Mar 23, 2008

At an investment conference last Friday, legendary stock picker Bill Miller of Legg Mason Inc. was caught off guard by a simple question.

Mr. Miller was speaking at a conference titled "Credit Cycle-What's Next?" in the auditorium of Deutsche Bank in New York. During a 40-minute session, Mr. Miller along with other experts spoke to more than 200 top-tier Deutsche Bank clients about the markets. In particular, he talked at length about why this is a great time to buy financial stocks -- including Bear Stearns Cos.

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