Friday, January 27, 2006

Marty Whitman's 'Safe and Cheap' Approach; Jan 27, 2006

One of our favorite value investors is Marty Whitman, manager of the Third Avenue Value Fund. The fund has racked up a heady 16.8% annualized average return since its 1990 inception by adhering to Whitman's self-described "safe and cheap" approach, leaving efficient market aficionados scratching their heads.

All the best,
Dah Hui Lau (David)

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