Legg Masons Value Trust, managed by Bill Miller, outperformed the S&P 500 in each of the 15
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Legg Mason’s Value Trust, managed by Bill Miller, outperformed the S&P 500 in each of the 15 years ending in 2005. Is Miller’s performance sufficient to dissuade you from a belief in efficient markets? If not, would any performance record be sufficient to dissuade you?
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The answer depends on your prior beliefs about market efficiency Millers record has been incredibly ...View the full answer
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Related Book For 
Essentials Of Investments
ISBN: 9780073368719
7th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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