Rarely do more than three or four variables really count. Everything else is noise. Martin J. Whitman More Quotes by Martin J. Whitman More Quotes From Martin J. Whitman Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness. Martin J. Whitman investingelementspoor Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise. Martin J. Whitman expertspastyears 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 techniquelucknumbers We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund. Martin J. Whitman investingassetsneeds 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 investinglunchmeaningful 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 investmentinvestingpeople
