15 in a Row for the Legg Mason Value Trust
Reuters reports that the Legg Mason Value Trust fund run by Bill Miller has beaten the S&P 500 for an incredible 15th year in a row (a gain of 5.32% vs. 4.91% for the S&P 500).
When does this streak start to undercut Burton Malkiel's "Random Walk" theory, which as I understand it asserts that it is impossible to outperform the market on a consistent basis?
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