Vinvesting.com is the leading website for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc.

Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates.

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Talk about a fall from grace.  Legg Mason Value (LMVTX), managed by the once-revered Bill Miller, has performed so poorly the past 2.5 years that Morningstar now gives the fund 1 star. This year, the fund has lost an atrocious 35% of its value.

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Jonathan Heller of Cheap Stocks blog writes a letter to Bill Miller, Manager of Legg Mason Value Trust.

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