Marty Whitman passed away

[Guest]

RIP.

 

https://www.businesswire.com/news/home/20180417006405/en/Martin-J.-Whitman-age-93-Founder-Avenue

[Jurgis]

RIP.

[doughishere]

get ready for a number of these in the next few years. munger, web right off the top. every year in omaha could be their last.

 

there's only one left from the war generation in my family.  each year theres a new class who just gets introduced to the markets and they only get younger. c'est la vie.

[LC]

Oh man. I really enjoyed his works and philosophy. I even interviewed to join 3rd Ave way back when. RIP

[netnet]

get ready for a number of these in the next few years. munger, web right off the top. every year in omaha could be their last.

 

there's only one left from the war generation in my family.  each year theres a new class who just gets introduced to the markets and they only get younger. c'est la vie.

Yeah, I chose not to go to Omaha (having never been to the AM), because it's being streamed.  I'm seriously regretting this choice. The grim reaper is gaining on them (actually all of us).

[Cigarbutt]

Enjoyed a lot of what he wrote.

Thanks for the link which refers to:

https://mjwhitman.pressbooks.com/

 

I often go back to Modern Security Analysis. especially chapter 7 (Creditworthiness) and chapter 23 (Restructuring).

Also like his take on the fulcrum security concept:

https://www.valuewalk.com/wp-content/uploads/2014/09/2014_Q3_The-Fulcrum-Security.pdf

 

I have one of his quotes taped on the wall beside my computer screen:

"One good deal may create more wealth than 10 years of brilliant operations."

RIP.

 

[John Hjorth]

get ready for a number of these in the next few years. munger, web right off the top. every year in omaha could be their last.

 

there's only one left from the war generation in my family. each year theres a new class who just gets introduced to the markets and they only get younger. c'est la vie.

 

Most likely, this is only true relatively. It's likely just you getting one year older, each year. If you have kids, please enjoy how they develop over time as the years go by. Death is the natural end of life. The worst that can happen - in case you have kids - is that you loose a kid, instead of your kid is loosing you.

[arbcon]

I taught a night arbitrage in nyc for 5 or 6 years. i had him do the bankruptcy and restucturing sections and we would go out for a late dinner afterwards. A true gentleman- Max heine, Bill Ruane, Marty Whitman- an age is passing.

 

[DooDiligence]

I taught a night arbitrage in nyc for 5 or 6 years. i had him do the bankruptcy and restucturing sections and we would go out for a late dinner afterwards. A true gentleman- Max heine, Bill Ruane, Marty Whitman- an age is passing.

 

You are truly fortunate...

[CorpRaider]

Best wishes for his family.  Bloomberg article contained some interesting background, including about his wife and charitable work. 

[sculpin]

Learned quite a bit from Marty Whitman. I always eagerly awaited his quarterly letters at Third Avenue.

[merkhet]

He came and guest lectured in my distressed investing class in grad school, and then he took the entire class out for pizza afterwards. He was sharp as a tack. Very sad to learn of his passing.

[sculpin]

Jim Roumell talks about Marty in his latest letter...

 

http://www.roumellasset.com/pdf/update_1Q2018.pdf