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Write an introduction with a brief description of the bill miller and value trust case study and its main objectives and a conclusion with a
Write an introduction with a brief description of the bill miller and value trust case study and its main objectives and a conclusion with a summary of the main findings, implications, recommendations, and significance. The body should address the following questions: What is the efficient markets hypothesis? What does it imply for the performance of mutual funds? What would Miller say in response to the claim that his success is luck? What is his investment style? Does anything about Value Trust surprise you? Why? How big a factor is the fund, or all of the equity mutual funds, in the stock market today? What does it mean to beat the market? How do you define excellent performance? What is Legg Mason, Inc.? What is its relationship to Value Trust? What are Legg Masonscore competencies? Given the information in the case, would you invest in Value Trust as of autumn
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