Apr 7, 2011

Bill Miller on how he's limiting his downside potential

Oh not at all [does Miller have to worry about limiting his upside by pursuing a more conservative, risk-attuned strategy]. I think what's limited is the downside.

You know, had we gotten defensive back in the fall of '07, and then gotten offensive in the fall of '08, that would've worked out very well. Right around the time Warren Buffett wrote his editorial about 'time to buy America.'

~Bill Miller, chairman and CIO, Legg Mason Capital Management, CNBC's Squawk Box, April 6, 2011

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