(Bloomberg View) -- This week on Masters in Business, we speak with Bill Miller, the legendary stock picker who beat the Standard & Poor's 500 Index for 15 consecutive years while managing a fund at Legg Mason Capital Management.
In a wide-ranging discussion, Miller talks about everything from his stock-selection process, his famous streak, and what he got wrong during the financial crisis. Miller also has an intriguing theory about why investors have been abandoning active investments -- he blames those active fund managers who are actually high-priced closet indexers.
SoundCloud: Barry Ritholtz's Masters in Business: Bill Miller Interview by Bloomberg View
You can hear the full interview, including our podcast extras, at iTunes, SoundCloud and Bloomberg. All of our earlier podcasts can be found at iTunes, SoundCloud and Bloomberg.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.
To contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.net.
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