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Legg Mason Inc

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  • Sell Block: Bill Miller's Trip-Up at Legg Friday, 4 Jan 2008 | 11:18 AM ET

    The legendary investor just finished his second bad year in a row. So LM's a sell. But there's more to it than that, Cramer explains.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • GE Fund Latest Victim of Subprime, Mortgage Losses Thursday, 15 Nov 2007 | 8:32 AM ET

    Investors in a $5 billion cash management fund run by General Electric have become the latest victims of the subprime mortgage meltdown. A  short-term cash management fund, which attempts to keep the value of each share at one dollar, is instead offering investors just 96 cents on the dollar.

  • Stocks Close Lower As Credit Worries Spark Selloff Monday, 5 Nov 2007 | 4:52 PM ET

    Stocks closed lower as credit worries about Citigroup and other big financial institutions sparked a broad selloff.

  • Bill Miller at Legg Mason just sent a letter to his investors. He correctly identifies the key issue: "The issue for the stock market and for the global economy is the extent to which the slowdown in U.S. consumption will spill over into a decline in global production next year"

  • Investors in $5 billion of commercial paper, or short-term debt, from KKR Financial Holdings have hired a bankruptcy lawyer to advise them on a request to delay repayment, the Wall Street Journal reports.

  • Private equity is all the rage -- and while financial services companies typically have been shielded from such deals, that is beginning to change.  KBW, a boutique investment bank specializing in financial services companies, recently penned a report that revealed possible private equity targets.

  • For Investors, Finding Value in an Uncertain Market Friday, 9 Mar 2007 | 3:11 PM ET

    As the bulls and bears fight it out on Wall Street, analysts say investors would be wise to look for value beyond the fray.

  • Legg Mason Chairman: Higher Stock Prices in '07 Thursday, 14 Dec 2006 | 2:59 PM ET

    Not sure what to do with your money right now? On today’s “Street Signs” CNBC’s Erin Burnett  asked someone who has nearly $1 trillion in assets. In a rare interview - Chip Mason, the Chairman, CEO and Co-Founder of Legg Mason, offered his advice. Mason said, "In my view most things are inline for higher market prices next year....