In a letter this week to shareholders, Miller said that investors buying into LMVTX because of its 15-year run of benchmark-beating may be setting themselves up for disappointment.

FORBES: Beating Bill Miller

Wold projects that Netflix will have no problem ending the year with 32.4 million subscribers, finally beating the benchmark for the peak of subscriber-based content, HBO, which has a slightly smaller base this year.

FORBES: Netflix Climbs And Dips: Dish Network Wins Blockbuster Bid

Last summer 69% of pupils met the benchmark for good GCSEs, easily beating the national average.

ECONOMIST: Bagehot: Lessons from a great school | The

It requires that the stock outperform a minimum benchmark before earning a positive score, then accelerates the reward for beating or missing it.

FORBES: A Short Description