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Once a legend, then a pariah, Baltimore's Bill Miller is staging one of Wall Street's most closely watched comebacks

Once a legend, then a pariah, Baltimore's Bill Miller is staging one of Wall Street's most closely watched comebacks

For more than 30 years, giving your money to Bill Miller at Legg Mason was one of the most reliable ways to turn a profit. He beat the returns on the benchmark Standard & Poor's 500-stock index for 15 years running, a feat unmatched among the legends of Wall Street.

And his fall from grace was nearly as spectacular.

During the global financial crisis of 2007-08, the famed stock picker's bets turned bad, and once-loyal clients took their billions and left. And soon enough, he left the Baltimore investment house that had flourished on his good fortune.

"I regret I didn't retire in 2006," Miller joked. "Then I would have had this extraordinary record...

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