Quote

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

Martin J. Whitman

Change background

T
T
T

Change font

TAGS & TOPICS

Martin J. Whitman
Age: 93 †
Born: 1924
Born: September 30
Died: 2018
Died: April 16
Teacher
Diversification
Investing
Damn
Elements
Control
Knowledge
Poor
Surrogate
Surrogates

More quotes by Martin J. Whitman

Image
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
Image
Rarely do more than three or four variables really count. Everything else is noise.
Martin J. Whitman
Image
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
Image
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
Image
We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.
Martin J. Whitman