1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Bill MIller: Fine Line Separates Gambling from Investing

October 24, 2005

Walter Clyde "Puggy" Pearson, a 76-year-old professional gambler, poker player and former World Series of Poker champion, once made this observation: "Ain't only three things to gambling knowing the 60/40 end of the proposition, money management and knowin' yourself".

When Bill Miller, manager of the high profile Legg Mason Value Trust, heard the quote he commented: "It's all you need to know about investing".

Miller is recognized as one of the top money managers in the world. The trust he manages set a financial world record by beating the S&P 500 an unprecedented 14 years in a row.

http://www.rgtonline.com/Article.cfm?ArticleId=60406&CategoryName=Gaming%20Strategies


Rating: 2.0/5 (3 votes)

Comments

Please leave your comment:


More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


jlhpersonalJason's Net-Net + JAK + Intrin
BoubaNCAV EY DE
pbarker46Proj. FCF
pbarker46Median PS
pbarker46EPV
vinsandhuSchiller ASIA
emadvafaEmod Pick 2
vinsandhuSchiller EURO
emadvafaEmod Pick
steve.chatelainCanadian Growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK