Bill Miller finds opportunities in battered financials
The chairman and CIO of Legg Mason Capital Management says many large-cap stocks are now attractively valued. He has moved to make his portfolio more concentrated, trimming mostly small- and mid-cap holdings.
Bill Miller is best known for managing his flagship Legg Mason Value Trust, which beat its benchmark S&P500 Index for 15 consecutive years until 2006. The past two years have been a test of patience for Miller, chairman and CIO of Legg Mason Capital Management. He shares his views with AsianInvestor about the US equities market and how his investment strategy for his US-focused fund has evolved over the past months.The last time we spoke to you in October 2007, you were tweaking y…
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