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Article: Big-name investors lose luster with some advisers; Performance by Buffett, Miller and Gross raises doubts.
- Article from:
- Investment News
- Article date:
- March 16, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Hoffman
Believing that the financial oracles may have lost their gifts, many advisers appear unwilling to tie their fortunes to the investment acumen of such big-name investors as Warren E. Buffett and Bill Miller.
"I appreciate an articulate spokesman as much as the next guy,'' said J. Michael Martin, president of Financial Advantage Inc., a Columbia, Md.-based firm with $260 million in assets. But just because someone has carved out a niche for themselves as a leading light doesn't mean that what they have to say is correct especially these days, he said.
"They all have different philosophies and strategies,'' said Nicholas ...