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Last week, i talked about how diff it is to actually be a locas index fund that tracks the s and p 500 or the general stock market. Bill miller managed the leg mason value trust, which is known for beating the s m p 500 for 15 years in a row. He bought amazono in 19 97 at a share price split adjusted of one dollar and 50 cents; he's essentially only added over 60 % after the tech bubble crashed. Miller believes that during the great financial crisis, Amazons shares dropped by more than 90%.
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