Read The Fine Print

Bill Miller is one of those mutual fund managers that brings out “lottery fever” in some people.  For the fourth quarter in a row, Miller’s Legg Mason Opportunity Fund appeared as the best performing fund in the Wall Street Journal’s “Winner’s Circle.” The fund’s performance for the last twelve months came in at a whopping 63.25%. Eye popping performance like this will surely cause many to say “I got to have some of that.” The reason for Mr. Miller’s outstanding performance was that four...