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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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Opportunity fund is a kind of low-cost hedge fund run by famed value investor Bill Miller. Miller likes Amazon (AMZN), IAC/InterActive Corp. (IACI), Ameritrade (AMTD), Netflix (NFLX),Sina (SINA),Netease.com (NTES) and Nextel (NXTL).


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