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Portrait of Martin J. Whitman

Martin J. Whitman

(1924–2018) Teacher

7 quotes in 44 categories

Martin J. Whitman was a teacher, best known for Distress investing: principles and technique.

Quick Facts About Martin J. Whitman

Born: September 30, 1924
Died: April 16, 2018
Profession: Teacher
Notable works: Distress investing: principles and technique

About Martin J. Whitman

Martin J. Whitman was an American investment adviser and a strong critic of the direction of recent changes in Generally Accepted Accounting Principles (GAAP) in the U.S. He was founder and Co-Chief Investment Officer of Third Avenue Management, and Portfolio Manager of the Third Avenue Value Fund.

Biography source: Wikipedia

Quotes by Martin J. Whitman

In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is,…

Martin J. Whitman

Comment

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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

Ifs

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We ignore outlooks and forecasts... we're lousy at it and we admit it ... everyone else is lousy too, but most people…

Martin J. Whitman

Forecasts

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Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.

Martin J. Whitman

Damn

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Rarely do more than three or four variables really count. Everything else is noise.

Martin J. Whitman

Four

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We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.

Martin J. Whitman

Assets

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Based on my own personal experience – both as an investor in recent years and an expert witness in years past –…

Martin J. Whitman

Experts

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