Bill Miller’s Fireside Chat with Morningstar

Originally Published In the News May 23, 2008 10:25 AM

Bill Miller has been getting a lot of attention recently, most of which he could do without. The terrible performance of many of his top positions in his Legg Mason Value Trust (LMVTX), including Eastman Kodak, Countrywide Financial, Bear Stearns and the homebuilders, have left him selling positions to meet redemptions and trying to remain relevant in the a world that seems to be rapidly passing him by along with his eclectic definition of value

Legg Mason has pulled out all the stops in the PR battle to hold the assets, including a series of interviews with their long-time fans at Morningstar, who helped create Miller’s legendary reputation, but now look a bit foolish for not backing away from him.

Miller seems like a nice guy, but his abysmal performance has resulted in a streak he would rather not be known for, and he now sports bottom decile numbers over the one, three and five year time periods.

Aw shucks, Bill.

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Miller’s latest video is out, where he discusses what it takes to make it to the top of his sheets:

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