Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness. — Martin J. Whitman Copy Share Image
In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is, "Somebody has… — Martin J. Whitman Copy Share Image
If I learn 1,000 techniques with my luck I'll go out on the street and be attacked by number 1,001. — Martin J. Whitman Copy Share Image
We ignore outlooks and forecasts... we're lousy at it and we admit it ... everyone else is lousy too, but most people won't admit it. — Martin J. Whitman Copy Share Image
Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness. — Martin J. Whitman Copy Share Image
Rarely do more than three or four variables really count. Everything else is noise. — Martin J. Whitman Copy Share Image
We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund. — Martin J. Whitman Copy Share Image
Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do… — Martin J. Whitman Copy Share Image
