Monday, September 11, 2006

Prestigious investor joins HouseValues

Bill Miller, manager of the prestigious Legg Mason Opportunity Trust Fund, disclosed today a purchase of 3.5 million shares of HouseValues stock.

While investors are not typically household names, Bill Miller is widely considered one of the world’s smartest long term investors. Miller has achieved an unprecedented market record by investing in great companies on their way up, and holding them for long periods of time. By betting on great companies and focusing on their long term performance, he has come out ahead of just about every other investor in the long run.

Legg Mason now owns 13% of HouseValues, according to their filing today, and we’re very excited to have an investor of this caliber on board with HouseValues.

You can read more about Bill Miller and his funds here, here and here.