Delivering alpha as a concept is all about beating the market, so the same is true for Delivering Alpha as a conference: It's all about giving investors the information they need to maximize returns.
Over the years, the conference has served its audience well, providing dozens of stock picks that helped investors get returns over and above what they would receive from putting money in a basic index fund.
It's not an easy business topping, for instance, the S&P 500 or other major market benchmarks. In recent years, only about 1 in 4 large-cap stock pickers beat their benchmarks, and this year it's only about 15 percent, the worst ever, according to Bank of America Merrill Lynch.
So when you find someone who's got a track record of actually delivering alpha, it's worth a listen.
Bill Miller is one of those people, though his star has faded in recent years. Building his reputation as a fund manager at Legg Mason, he beat the S&P 500 a stunning 15 years in a row from 1991 through 2005. But Miller had a rough time during the Great Recession, and this year he recently left Legg Mason to join LMM.
So when you combine an investing legend with a super-aggressive call on a stock that is taking a beating not only in share price but also public perception, you get a moment that well could end up being the most epic of the 2016 version of Delivering Alpha. (A list of the five best moments is here.)