Martin J. Whitman Quotes & Sayings

Rarely do more than three or four variables really count. Everything else is noise. — Martin J. Whitman

Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness. — Martin J. Whitman

If I learn 1,000 techniques with my luck I'll go out on the street and be attacked by number 1,001. — Martin J. Whitman

We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund. — Martin J. Whitman

In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is, "Somebody has to pay for lunch." — Martin J. Whitman

This book does not agree with this view. It cannot be assumed that efficient asset allocation will result if investment decisions are made by the investing equivalent of kelp and plankton of the marine food chain - uneducated passive reactors whose goal in investing is to outperform a market consistently. — Martin J. Whitman

We ignore outlooks and forecasts ... we're lousy at it and we admit it ... everyone else is lousy too, but most people won't admit it. — Martin J. Whitman