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Bill Miller: Skepticism reigns, I am quite optimistic!

February 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! Thats for sure! .

http://www.leggmason.com/funds/ourfunds/whats_new/4thquarter.pdf


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