Feb. 4 at 1:25 PM
$QQQ Marty Whitman is usually reduced to two words: “safe & cheap.” This article explains what that actually meant in practice as a method.
It breaks down how Whitman treated equity as a claim, why “cheap” fails when the clock is working against you, and how balance sheets quietly decide outcomes long before price moves. It also revisits the 2015 chapter the right way: value can be right, and structure can still force a bad result.
I wrote this because most investors learn these lessons after owning something that looked obvious and never worked.
HERE:https://cundilldeepvalue.substack.com/p/fragments-fund-manager-series-marty
This is the usable version of Whitman, the one people usually discover too late.
$BX $KKR $APO $CG
