Even the best are struggling. As of yesterday's close, Bill Miller's Legg Mason Value Trust was down 22.7% on the year versus the S&P 500's decline of 8.55%. Mr. Miller's fund performance is doing nothing to help out Legg Mason's stock (LM) either. As shown, it is down nearly 30% on the year.
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Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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