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Marty Whitman's Successor Ian Kapey Discusses Third Avenue Portfolio and Investment Strategy

June 28, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Third Avenue Value manager Ian Lapey talks about some of the changes he's made at the fund since taking full control while staying clear of a benchmark.

This is what he said on what changes he is making after taking over the baton from legendary investor Marty Whitman.

"I plan to manage the fund using the same long-term, bottom-up, buy-and-hold, safe-and-cheap philosophy that Marty developed. The one difference is that the fund will be and already is a little bit less concentrated. So, the top 10 holdings in the fund in the beginning of March, when I took over, accounted for about 70% of the fund. Now it's about 61%."

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (8 votes)

Comments

augustabound
Augustabound - 2 years ago
Just an FYI, you misspelled his name in your topic title. (Kapey)

Please leave your comment:


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