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For Martin Whitman followers - Link to Dear Fellow Shareholders book


kiwing100
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Links to Dear Fellow Shareholders - collection of letters by Martin Whitman

 

https://mjwhitman.pressbooks.com/

 

https://mjwhitman.pressbooks.com/front-matter/introduction/

 

Table of contents

 

o Important Information

o Foreword

o Introduction

 

• The Roots

 

o Equity Strategies Fund Proxy Vote

o Equity Strategies Fund Investment Philosophy

o Equity Strategies Fund Launches Third Avenue Funds

o Inaugural Third Avenue Funds Letter to Shareholders

 

• Investment Philosophy

 

o Third Avenue Value Investment Philosophy

o Third Avenue is Different

o Consistent Performance and Averaging Down

o Value Investing at Third Avenue

o The Concept of Net-Nets

o The Third Avenue Formula for Investing

o Net-Nets on Steroids

o Fundamental Finance

o Third Avenue and the Efficient Market Hypothesis

 

• Portfolio Management

 

o Portfolio Diversification

o Risk Arbitrage

o Index Funds and the General Market

o The Importance of Buying Cheap

o The Moral Hazard Question

o Third Avenue Value Fund Compared to Private Equity Funds

o Risk from a Third Avenue Point of View

o Securities Regulation, Disclosure and Third Avenue

o Characteristics of Long-Term Investing

o Thoughts on the Detroit Bailout

o On Creditworthiness

 

• Modern Security Analysis

 

o The Unimportance, and the Importance, of Book Value

o Third Avenue Approach to Valuation

o Corporate Valuation

o Role of Accounting in Security Analysis

o Fair Disclosure

o How Third Avenue uses Accounting Disclosures

o Proposed Elimination of Double Taxation on Corporate Dividends

o Reforming Generally Accepted Accounting Principles

o So What Are Earnings, Anyway?

o Conventional Security Analysts

o Corporate Uses of Cash

o Financial Accounting

 

• Graham and Dodd Fundamentals

 

o A Balanced Approach to Value Investing

o Third Avenue vs. Graham and Dodd

o Graham and Dodd and the Efficient Market

o Graham and Dodd Revisited

 

• Academic Finance

 

o Modern Capital Theory and Fundamental Investing

o The Third Avenue Approach vs. The Conventional Academic Approach

o Third Avenue and the Efficient Market

o Generally Accepted Accounting Principles and the Enron Mess

o Reconciling Modern Capital Theory and Value Investing

o Characteristics in Modern Capital Theory

o Going Concerns and Investment Type Companies

o Value Investing

 

 

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  • 2 years later...

I'm cleaning my stuff and planning to throw away Third Avenue Reports/Letters in paper form approximately 1998-2010.

 

Probably nobody is interested (and the link in this thread may cover some of these...), but if you are, I could send them to you. US only unless you pay for postage.  8) PM me.

 

Also have some Ariel Investments reports 2007-2010 timeframe. Same deal.

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