Why 'the New Normal' Resembles the Old

After suffering through some huge setbacks, legendary fund manager Bill Miller has been on quite a winning streak lately. His mutual fund, Legg Mason Value Trust (LMVTX), is up about 40% over the last year. So where is he looking now? Miller, the chairman and chief investment officer of Legg Mason Capital Management, spoke with SmartMoney Magazine Editor in Chief Jonathan Dahl at the Charles Schwab 2010 Investor Outlook conference in Baltimore about his views on the economic recovery and which sectors he calls "fertile hunting ground."

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