Bill Miller on Suicide Watch

This is a great illustration of why I follow the golden rule:

Never add to a losing position

Never, ever add to a losing position

Never add to a losing position

Which spurs this haiku:

Bill Miller on suicide watch,
Fannie Freddie about to take dirt nap,
Never add to losing position

Throughout the money
Legg and Mason scold
Miller starts leaving

 

LOL Classic!!

 

Forget about the trading part for a second.

WTF was he doing just from the fundamental/newsflows side?

To pimp a Greenspan phrase:

Problems in banks the world over have been so well known and so well publicized for so long that anyone not heeding the warnings has to be desirous of losing money.

 

Did Miller started to buy oil?

 

what if he keep his position from 2 year may be he will be to recover a litle bit
Fund manager are know to buy at the lows and seel at the high
Look at ABK i saw it at $1.27 now it is at $5
Look at MBIA it was $1or $2 i dont remmember but now it is at $10.00
What must be his average cost be - ? and hopefull nothing stays long for ever things change time changes

 

I firggin' love Haiku! But your stanza is off.

Remember, it's 5-7-5 in terms of syllable structure.

So:

Bill Miller is down

By how much only he knows

Investors' balls sore

 

"Fund manager are know to buy at the lows and seel at the high"

LOL most fund managers don't know their ass from their elbow.

Bill Miller confused
Glib traders rejoiced brightly
Legg Mason whispered

 

Last I checked Freddie Mac doesn't even constitute to 3.5% of his stock holdings in LMVTX.

 

Yes 5-7-5 syllables, not words. My first one was wrong.

Martingale great
Thick head tells Bill: Double Down
Fannie! Freddie! Die!

 

I wonder what was his thinking to go long on a horrible stock in a horrible sector that is on the precipice?I can understand taking a gamble withsome throw away cash but this wasnt the case here it seems.

Averaging down here in some financials is like avg down in dot coms when that mania blew up.Total mental collapse.
Happens all the time on wall st.History repeats itself.Humans will be human etc...

No surprise that very,very few experts can beat the market.When was th elast time cramer or any of those idiots on cnbc posted their annual gains?

Wall st is a lot of smoke and mirrors ...ie:cramer,fast money...