Economics
Martin J. Whitman, Third Avenue Management Founder, Dies at 93
- He managed the firm’s flagship fund from 1990 to 2012
- ‘Value investing entails buying when it’s safe and cheap’
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Martin J. Whitman, who made “safe and cheap” a value-investing mantra during more than two decades managing the Third Avenue Value Fund, has died. He was 93.
He died Monday, according to a statement from New York-based Third Avenue Management LLC, which Whitman founded. No cause was given.