Quote of the day by Bill Miller: "By the time market declines (or advances) are front-page news, they usually have run their course."

Bill Miller’s quote highlights how markets often move ahead of news coverage, leaving latecomers exposed to poor timing. The piece explains why headline-driven investing can be risky, emphasises the role of sentiment, and underlines the importance of independent thinking, discipline and a forward-looking approach in navigating financial markets.