Martin Whitman and Benjamin Graham [Pt. 4]

Part four of a short series on Martin (Marty) Whitman. To catch up on the rest of the story, you can find part three here.

Continued from part four...

Marty Whitman's value strategy was based on the balance sheet. He would only invest in companies with a strong balance sheet, commendable management and 50% discount to his estimate of intrinsic value.

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This approach had a lot in common with the Graham and Dodd style of investing, as made famous by Security Analysis, the book published by the Godfather of value investing Benjamin Graham and his partner David Dodd in 1934. The book has since become the most established...