"The arrogance of Bill Miller, the now downright embarrassing manager of the Legg Mason Value Trust, is downright shocking. I am talking about reports in the New York Post about how he insists on Icahn getting a $33 price for Yahoo! (YHOO) if Icahn wins his fight to take control of Yahoo! and throw out "Mad Money" Hall of Shamer CEO Jerry Yang. I know that Miller beat the S&P 500 for 15 straight years, but as Bloomberg pointed out in a great story, the manager has lost you money since 2003, and you are down 39% year over year. Astonishing. I agree that the long-term performance matters. But five years is long term, and Bill Miller has lost his standing to be the arbiter of things, particularly things Yahoo!, because no one kept him from selling the stock at $30 not that long ago, and much higher even longer ago than that. We are in a horrible bear market, and I know that Miller wants the best price possible, but can we stipulate that he has become beyond greedy? The Post also reports that Gordon Crawford, a fantastic fund manager, is willing to take $31 and that Capital World, another large holder, is probably sympathetic to Crawford's position. The problem is that insiders own about 9%, including Yang's stake, and Miller has 4.7%. Against that, Icahn has less than 5% and Crawford and Capital World have about 16%. So the large holders have about 20%, but the Yang backers have about 14%. Given the extreme difficulty of proxy contest wins by dissidents, the Miller/Yang block could be enough to stymie Icahn. More important, why the heck should Icahn be doing Miller's bidding? Who is Miller to insist on any price? I have to tell you that when I read this Post article, I shuddered. I don't know if Icahn can make any promises to Microsoft (MSFT) and I don't know now, because of Miller, whether there is any reason he will act at all. I also think that Microsoft has to be thinking, "Who the heck cares, if so many shareholders don't even want a deal?" This is all nuts. Bill Miller's out of line. He should fall into line, but if he doesn't, this deal -- the only hope for Yahoo! to really fly here -- is a whole new bloc of arbitrageurs to buy the rest of the company. Yahoo! has gone from a great spec to just a good one. The only way to play it now would be something like October 20 calls at $4.85 to be able to cut off the downside if Icahn loses."

From a recent Mad Money show: "I'm still a buyer of Exxon. I can't recommend it here because there's more selling coming, but I'm going to re-recommend it soon."

From a recent Mad Money show: "I like energy, but remember what I said, energy is going to get pummeled here. It's too early; they're still too hot."

From a recent Mad Money show: "No thank you. The only one I'm staying with is First Solar (FSLR). I am not ready to pull the trigger on Evergreen, it's just too speculative."

From a recent Mad Money show: "This is the best house in a bad neighborhood. I can't stand the automotive group, so I can't have you own this stock."

From a recent Mad Money show: "I do not like retail. There's only a handful of discounters I like, like Costco (COST) but that's it. Retail is too hard."

From a recent Mad Money show: "I like crushed rock, but it's too linked to residential construction. I don't want to own it here."

From a recent Mad Money show: "This was an ugly situation and people were jumping out the window. When that happens, I'm a buyer. "