Manager David Barse in the video below discusses Third Avenue founder Marty Whitman's classic value investing approach that he captured in his own book, "Modern Security Analysis."
Third Avenue Management's focus is first and foremost on credit worthiness which allows them to survive during difficult periods. This is investing with a margin of safety.
Right now Barse's favorite stocks include:
- Cheung Kong Holdings
- Leucadia (NYSE:LUK)
- Weyerhauser (NYSE:WY)