During one of the worst sell-offs in the Global Financial Crisis, investment greats Marty Whitman & Hersh Cohen, plus noted economist Mark Gertler, showed us how to respond when others are panicking. Timeless lessons from a 2008 WEALTHTRACK CLASSIC.
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Martin Whitman (9/30/1924 – 4/16/2018)
Legendary value investor
Founded Third Avenue Management and ran its flagship Third Avenue Value Fund from its1990 launch until 2009 before leaving the fund entirely in 2012
Former Senior Portfolio Manager and Co-Chief Investment Officer for ClearBridge Advisors. Starting in 1979 had helmed the Legg Mason Partners Appreciation Fund,which was named to the Forbes honor roll eight times for its long term market-beating performance.
Currently Chief Investment Officer Emeritus and a portfolio manager at ClearBridge Investments.
NYU Economics Professor and close friend and colleague of then Federal Reserve Chairman Ben Bernanke
Has written nearly a dozen economics papers with Bernanke as well as dozens of others on his own and with others.