Meet Martin J. Whitman
Martin J. Whitman '49 BS
After earning a bachelor's degree from Syracuse University in 1949, Whitman began his career as an analyst at Shearson Hammill before working for the Rosenwald family, of Sears Roebuck fortune, where he developed a penchant for superior returns and an aversion to investment risk.
He earned a master's degree in economics from The New School for Social Research (now The New School) in New York City.
Whitman ventured out on his own in 1974 and founded MJ Whitman LLC, a full-service broker-dealer. Ten years later, he participated in a takeover of Equity Strategies, an open-end investment company, and became its CEO and president. In 1990, Whitman started Third Avenue Value Fund, which today manages more than $21 billion in assets for private and institutional clients.
Through a number of publications, Whitman has shared his special brand of investing with the greater financial community. He is credited with writing industry classics such as The Aggressive Conservative Investor, which he co-authored with Martin Shubik, and Value Investing: A Balanced Approach. In 2009, Whitman and Dr. Fernando Diz of Syracuse University wrote Distress Investing: Principles and Technique as an outgrowth of annual distress and value investing seminars.
He has taught as an adjunct professor at the Yale University School of Management and at Syracuse University's School of Management, which today proudly bears his name.