Or, the weak-form EMH strikes back:
Bill Miller, a previous Morningstar manager of the decade, who could do no wrong through the 1990s, has struggled with poor performance since 2005. Now his Legg Mason Capital Management Value Trust is ranked last of the 840 funds in its category over the past five years by Lipper, losing 9 per cent annually.
More servings of humble pie for a few of the biggest
egos names in money management at the link.