Wednesday, July 18, 2007
New Martin J. Whitman letter to Third Avenue Funds shareholders on line. Worth your close attention.
"[T]he vast majority of great individual fortunes built in this country [sic], especially by Wall Streeters and corporate executives, were not built by people who took investment risks. Rather, the secret to building a great fortune is to avoid, as completely as possible, the taking of any investment risk."
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