Legendary value investor Bill Miller, former CIO at Legg Mason (LM, Financial), did a interview on Wednesday with CNBC where he revealed that he lost 20% in a single month. Miller is still bullish, however, and explains why. Miller also discussed his top value play, and said he is fully invested and hasn't had any cash on hand since the 2008 financial crisis.
Bill Miller interview with CNBC:
Part one
Part two
Part three