Third Avenue Fund

reminiscences of a stock operator pdf
Martin Whitman

I always like following funds run by some of the best money managers of our time. Third Avenue Fund is run by legendary investor Martin J. Whitman. Every quarter the fund releases its quarterly report. Third Avenue just released its 2nd quarter report for 2010.

Martin Whitman shares his wisdom between pages 2-7. I can probably count on my fingers the number of individual’s whose writings make me a better value investor. Marty Whitman is definately one of them.

In the latest release Whitman talks about the lack of understanding among the administration and regulators about financial legislation. He discusses eight areas where there is a large misunderstanding. He then gives several ideas on how to reform our financial system.

The full document is located below. Pages 2-7 are absolutely gold.

Moon Capital Struggles In Q1, Finds Value In Egypt And Turkey

Moon Capital Global Equity Partners lost -15.7% net in the first quarter of 2020, that's according to a copy of the firm's letter to investors, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more Commenting on the firm's portfolio in his first-quarter letter to investors, founder John Moon reported Read More

Third Avenue Q2 Shareholder Letter