BULLS & BEARS: Sage investor: Time to buy commodities has passed
In February, I mentioned the Legg Mason Value Trust, managed by Bill Miller, as the fund with the longest-running winning streak vs. the S&P 500. The streak runs 16 years. A couple of weeks ago, Miller put out his quarterly market letter. I’m beginning to think I’m profound because I agree with his thinking. Below is a paraphrased summary of what he wrote: The Financial Times” headline on April 10 read, “Commodity Prices Set to Soar.” Then Miller thought back…