General Investing >> Money Manager Interviews >> November 13, 2000

Martin Whitman – Third Avenue Funds

MARTIN J. WHITMAN, a veteran value investor, is Chairman and Chief Investment Officer of Third Avenue Funds. He is Portfolio Manager of Third Avenue Value Fund and co-Manager of Third Avenue Small Cap Value Fund and Third Avenue Real Estate Value Fund. In addition to the above, Mr. Whitman is Chairman of M.J. Whitman, Inc. He was a Distinguished Management Fellow at the Yale School of Management. Mr. Whitman began his career at Shearson, Hammill in 1950. For the next 20 years, he held positions with several firms before founding M.J. Whitman & Co., Inc., the predecessor firm to the broker-dealer he remains Chairman of today. Mr. Whitman is the author of books and articles on security analysis and investment banking and has lectured in many forums. Morningstar named Mr. Whitman Mutual Fund Manager of the Year in 1994. He graduated from Syracuse University Magna Cum Laude in 1949 with a Bachelor of Science degree. He received a Master's degree in Economics from the New School for Social Research in 1956. Mr. Whitman is a Chartered Financial Analyst. Profile
TWST: Why would the high-quality commons issues in which Third Avenue

Funds invests be available at 1974 and 1982 prices?

Mr. Whitman: It has to do with the speculative excesses existing in