Facing severe fund redemptions, Marty Whitman had to sell cheap to buy cheaper. With his fund down about half, 86-year old Marty Whitman is learning new lessons. These are his buys and sells during the third quarter.
buys TOKIO MARINE ADR, sells Raymond James Financial Inc., ACA Capital Holdings Inc., Alico Inc., Applied Materials Inc., Berkshire Hills Bancorp Inc., Brookline Bancorp Inc., Jefferies Group Inc., Intel Corp., Legg Mason Inc., Microsoft Corp., USG Corp. during the 3-months ended 10/31/2008, according to the most recent filings of his investment company, Third Avenue Value Fund. Martin Whitman
owns 102 stocks with a total value of $4.7 billion. These are the details of the buys and sells. Continue Reading »