Bill Miller is Back? Hardly.

There has been a lot of recent chatter along the lines of Bill Miller is back in the WSJ, Investor’s Business Daily, Bloomberg, etc.

This turns out to be a simple case of bad mathematical analysis — like declaring Fannie Mae (FNM), AIG or Citibank (C) buy & hold owners were back because they were up 220% — after a 97% collapse.

Be sure to read James Bianco’s brilliantly simple dissection of why this meme is utter nonsense: 8,893 “Bill Millers”.

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