Jan 15, 2022Liked by Leverage Point

I love your comments and enjoy following your research ideas regularly with enthusiasm. However, there are always two sides to a coin. I worked at Legg Mason from 2000 to 2006. Bill Miller ran the Legg Mason Value Trust and holds the still unbeaten track record of outperforming the S&P 500 for 15 years in a row. However, I was also on hand when he rode Bear Stearns and Lehman Brothers and others all the way down to bankruptcy, erasing all his good returns and he was ultimately forced to leave the firm. He's doing well now but "there are no guarantees in the stock market." The market is filled with people that did great for a period then no longer. Marty Zweig and Nouriel Roubini come to mind.

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