Miller slams investors for ignoring Buffett

clock

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘Sage of Omaha' Warren Buffett.

In his Q3 commentary for Legg Mason Capital Management, Miller criticises investors who do the opposite of what Buffett suggests, although his market calls are so often correct. "One of the most remarkable things about the investing world is how (correctly) venerated Warren Buffett is and how completely people ignore his investing advice. "Since Mr Buffett has made more money than anyone in the history of the planet solely through investing, one would think that when he says quite clearly what to invest in, people would pay attention. I guess they do pay attention, they just do the op...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on US

The land of the free: Investing in the world's largest economy
US

The land of the free: Investing in the world's largest economy

'Experience is essential when it comes to investing in the US'

Darius McDermott
clock 24 November 2022 • 4 min read
US

Sanlam preps US absolute return fund with value approach

Market-neutral product to launch soon

Mike Sheen
clock 29 July 2019 • 1 min read
US

SocGen's Albert Edwards: 'Fragile' US economy will be exposed

When tax reform 'sugar rush' wears off

Tom Eckett
clock 09 November 2018 • 1 min read