Marty Whitman’s Guidelines
January 4, 2008 9:21 am by Dean Morel
In his most recent letter, Whitman offered investors some guidelines going forward. He said:
Indeed, today the opportunity of a lifetime seems to be present for passive investors who follow a few simple caveats:
1) Be a buy-and-hold investor;
2) Don’t use borrowed funds to invest;
3) Don’t own the common stocks of companies which need relatively continual access to capital markets if they are to remain going concerns.
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Points one and two are optional steps, I consider but don’t embrace them in fusion investing. Point three is great advice.
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