Tuesday, February 21, 2006

Martin Whitman's "Cowardly" Safe-And-Cheap Way To Invest; Feb 21, 2006

By Brian Zen, SuperinvestorDigest.com

"We're such cowards!" said Martin Whitman, the 82-year-old legendary superinvestor, at a seminar organized by New York Society of Security Analysts (www.NYSSA.org) on February 16, 2006, "We only want to be the senior-most creditors in distressed situations. We only want to be the adequately secured lenders in Europe and overseas. We don't want to be subordinate to any of the asbestos or tobacco liabilities..." And he brilliantly calls himself the "safe and cheap" investor......


All the best,

Dah Hui Lau (David)

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