Miller slams investors for ignoring wisdom of Buffett

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘the Sage of Omaha' Warren Buffett.

In his Q3 commentary for Legg Mason Capital Management, Miller criticises investors who do the opposite of what Buffett suggests, although his market calls are so often correct. "One of the most remarkable things about the investing world is how (correctly) venerated Warren Buffett is and how completely people ignore his investing advice. "Since Mr Buffett has made more money than anyone in the history of the planet solely through investing, one would think that when he says quite clearly what to invest in, people would pay attention. I guess they do pay attention, they just do the op...