David Frum: Bill Miller is the epitome of an incredibly smart, brilliant contrarian investor. He bets on financial stocks that were imploding in 2008-2009 and gets crushed. His flagship fund had beaten a market for 15 years running but lost 55% just in 2008. And so he's then had this astonishing recovery over the last 12 years.Frum: If someone as brilliant as Bill Miller can be as wrong as he was, it makes you realize how flawed we are.

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