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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
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The Shape of Your Recession
Apr 23 20095:04pm EDT
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Jun 03 2008 12:00am EDT
Bill Miller Datapoint of the Day
From Evan Newmark:
Miller's Value Trust Fund, Legg Mason's flagship, just passed another milestone. As of the end of May, according to Morningstar, the fund is now underperforming the S&P 500 over a 10-year period.
This isn't (only) a how-the-mighty-are-fallen datapoint. It's also a wake-up call to anybody feeling smug about how "their" fund manager has managed to consistently outperform their benchmark. Such smugness can evaporate very quickly.
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