The following conjecture is an excerpt from a Barron´s interview with Martin Whitman of Third Avenue Funds. Mr. Whitman is a legendary value investor who has a very interseting approach to value investing.  Whitman is very critical on GAAP and which he thinks is exessively geared towards flows as opposed to net asset values. Anyway, … Continue reading Marty Whitman´s four sources of wealth for the value investor →