MARTIN WHITMAN: THEY JUST DON’T GET IT!
They Just Don’t Get It! That’s the view of legendary deep value investor Martin Whitman, Founder and Chairman of Third Avenue Management. In this exclusive interview taped at the Museum of American Finance, Whitman takes on Congressional and Wall Street ignorance about debt, credit worthiness, and earnings. Whitman will also discuss his long term mantra, to buy “safe and cheap” stocks, and his four elements to getting growth at dirt cheap prices.
WEALTHTRACK Episode #1018; Originally Broadcast on October 25, 2013
Listen to the audio only version here:
Martin Whitman
Explore This Episode
We have compiled additional information and content related to this episode. Select a tab from the box below for more.
- Guest Info
- Newsletter
- Action Point
- Bookshelf
- One Investment
- Stock Mentions
- Transcript
- Video Archive
- Web Extra


Whitman’s Basic Investment Rules: Buy Safe and Cheap
Safe = Financially Strong Company Cheap = Buy at 30%+ discount to net asset value
WHITMAN: COMFORT REAL ESTATE
Brookfield Asset Management Inc. Class A (BAM.A) Price: $42.12 on 10/24/13 52-week range: $32.56-$42.27
“I know the culture, intimate with the people and we do much together while I can’t say the same about Hong Kong and China, though it’s not that bad. One of the things about Hong Kong, all of these companies are controlled by billionaires, and one of the things Hong Kong billionaires insist on doing is come to New York. We send someone over to Hong Kong once a month, but these companies keep visiting us, so you get a good sense, but I can’t get the same comfort that I get with Brookfield and Bruce Flatt and all my friends over there.”
– Marty Whitman
Henderson Land Development Co., Ltd. ADR (HLDCY)
Cheung Kong Holdings, Ltd. ADR (CHEUY) Hang Lung Group Ltd. ADR (HNLGY) Lai Sun Garment (International) Ltd. (sold in Hong Kong) Brookfield Asset Management (BAM.A)
Surviving the World’s Financial Crisis
Central banks around the world are responding aggressively with rate cuts and intervention. What can individuals do to protect themselves and position their portfolios for future profits? Two veteran value investors – legendary portfolio manager Marty Whitman, founder of the Third Avenue Funds and Hersh Cohen, chief investment officer of Clearbridge Advisors will guide us. Plus long-time friend and colleague of Fed Chairman Ben Bernanke, NYU Economics Professor Mark Gertler, will explain the immediate and long term impact of the global financial rescue efforts.
Tagged with: Brookfield Asset Management • Cheung Kong Holdings • debt ceiling • deep value investing • distressed investing • efficient market theory • growth at dirt cheap prices • Hang Lung Group • Henderson Land • Martin Whitman • modern capital theory • Modern Security Analysis • Museum of American Finance • safe and cheap • Third Avenue Management • Third Avenue Value Fund • Warren Buffet • Wheelock and Company • Whitman School of Management