Background
Whitman, Martin J. was born on September 30, 1924 in New York City. Son of Irving and Dora (Cukier) Whitman.
(A comprehensive guide to distress investing around the wo...)
A comprehensive guide to distress investing around the world Increasingly, corporate rehabilitation is more interesting than corporate liquidation to governments and capital markets. Following this trend, a mezzanine industry of mutual funds, hedge funds, and private investors has stepped up to fill the role of the traditional corporate lender. Distress Investing puts this topic in perspective and covers the essential aspects of this discipline--from its theoretical underpinnings to its practical applications. The book features cases studies of some of the biggest distress investing situations, including Kmart and Pacific Gas & Electric. From the recent changes to U.S. bankruptcy code and creditor rights to cash bailouts, readers will learn how to analyze distressed situations such as pricing issues, arbitrage opportunities, tax disadvantages, and the reorganization of funding plans. Written by the leading practitioner of distress investing and coauthored by a leading academic in the field, this book is certain to become the bible on this topic for professional investors and students alike. Martin J. Whitman (New York, NY) is Chairman and Co-CIO of Third Avenue Management LLC. He is also the author of Value Investing (978-0-471-16292-6) and The Aggressive Conservative Investor (978-0-471-76805-0), from Wiley. Fernando Diz (Syracuse, NY) is the Martin J. Whitman Associate Professor of Finance and Director of The Ballentine Investment Institute at Syracuse University.
http://www.amazon.com/gp/product/0470117672/?tag=2022091-20
("Essential reading for anyone in today's turbulent market...)
"Essential reading for anyone in today's turbulent markets." -Jeffrey E. Garten, Dean, Yale School of Management Praise for MARTIN J. WHITMAN and VALUE INVESTING "An excellent book on investments. But, more importantly, this volume is a primer explaining to Main Street, especially Main Street businesspeople, how Wall Street really operates." -Eugene M. Isenberg, Chairman of the Board, Nabors Industries, Inc. "A must read for all thoughtful investors interested in a rational, disciplined, risk-averse template for successful long-term compounding." -O. Mason Hawkins, CFA, Chairman and CEO, Southeastern Asset Management, Inc. and The Longleaf Partners Funds "This author knows whereof he speaks. His many years of extremely successful experience as a professional manager of investments, his academic training, and his period of teaching at a major university all make their mark on this illuminating volume. It reveals how a bright, analytically minded person with extensive practical experience studies and evaluates investments." -William J. Baumol, Professor and Director, C.V. Starr Center, NYU Professor Emeritus, Princeton University "This book by an experienced and practicing master, Martin Whitman, is a treasure and a reference book on how to think and feel like an owner of a business without the headache of running it day to day." -Papkens Der Torossian, Chairman and CEO, Silicon Valley Group, Inc. "Marty Whitman is renowned for his uncanny instincts and insights in picking bargains in stocks and bonds. His book is a real bargain. To benefit from decades of Marty's experience is invaluable and to have such a commonsense and realistic approach is an extra dividend." -Milton Cooper, Chairman, Kimco Realty Corporation Please visit our Web site at www.wileyfinance.com
http://www.amazon.com/gp/product/0471398101/?tag=2022091-20
Whitman, Martin J. was born on September 30, 1924 in New York City. Son of Irving and Dora (Cukier) Whitman.
Bachelor of Science magna cum laude, Syracuse University, 1949. Master of Arts, New School for Social Research, 1956. Postgraduate Princeton University, 1949-1950.
Research analyst, buyer Shearson Hammill & Company, New York City, 1950—1956. Analyst William Rosenwald Company, 1956—1958. Head research Ladenburg, Thalmann & Company, 1958—1960.
General partner Gerstley Sunstein & Company, Philadelphia, 1960—1967. Vice president, director Blair & Company, Incorporated, New York York City, 1967—1968. President, founder Michael Jackson Whitman & Company (now Inc.), 1969—1984.
President, Chief Executive Officer Equity Strategies Fund, Inc., 1984—1990. Founder, chairman Third Avenue Value Fund, Inc. (now Third Avenue Management LLC), since 1990.
Chief Executive Officer, Third Avenue Management LLC, 1990—1995. Director Nabors Industries, Inc. Past chairman board Danielson Holding Corporation.
Distinguished Management Fellow in Finance Yale University, New Haven, since 1972. Member advisory board Yale School Management, New Haven, 1994—1995. Consultant disclosure study Securities and Exchange Commission, 1968.
Consultant President's Commission on Accident at Three Mile Island, 1979. Adjunct professor School Business Columbia University, New York City, since 2001. Adjunct professor Whitman School, Syracuse University.
(A comprehensive guide to distress investing around the wo...)
("Essential reading for anyone in today's turbulent market...)
Chairman 3d Avenue Fund, 1991. Served with United States Naval Reserve, 1942-1946. Member New York Society Security Analysts, Philadelphia Economic Society.
Married Lois M. Quick, March 10, 1956. Children: James Q., Barbara East., Thomas I. Research analyst, buyer Shearson Hammill & Company.