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At a high level, fund manager types can be grouped into two basic categories: fundamental analysts (which would include Bill Miller) and technical analysts (who

At a high level, fund manager types can be grouped into two basic categories: fundamental analysts (which would include Bill Miller) and technical analysts (who try to seek out and exploit patterns in securities prices).

Bill Miller claimed his success was a result of:

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buying stocks at the bottom (market timing)

his value-based approach of buying low-priced stocks with high intrinsic value, and then holding on to them

selling stocks at the top (market timing)

pure guesswork and living right

none of the above

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