Miller’s firm, Miller Value Partners, posted a return of 119.5% last year net of fees, he told investors in a Jan. 15 letter.
Very impressed till I read this…
Those gains more than made up for the firm’s 33.8% loss in 2018.
So a $1M in 2017 will become $662k which become $1.453M, annualized return of two years = 20.5%, @manch Did you do better than this for the two years? Annualized return of the two years for AAPL = 31.7%