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Martin Whitman: "... the same value investment philosophy over and over and over again"

January 09, 2006 | About:

Dear fellow shareholders, for the past 15 years, we have written to you every quarter and discussed, in great detail, the same value investment philosophy over and over and over again. This is how Martin Whitman started his annual shareholder letter this year. He bought one new stock: Pfizer, stating The odds seem to favor relatively continual long-term growth for Big Pharma, in general, and Pfizer in particular, despite a clouded outlook for 2006, and maybe 2007. He added positions in his HongKong stock holdings

http://www.thirdavenuefunds.com/taf/documents/shareholderletters/aboutus-letters-05Q4.pdf


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