Remembering Famed Value Investor Marty Whitman
Whitman will be remembered as much for his extraordinary shareholder letters as his "safe and cheap" approach to stock-picking.
Third Avenue Management Founder Marty Whitman died Monday at age 93.
Many Third Avenue investors will probably remember Whitman as much for his insightful and witty letters to shareholders as for his successful stock-picking approach. But Whitman's record speaks for itself: He won Morningstar's Fund Manager of the Year Award in 1990 for his work running Third Avenue Value (TAVFX).
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