Book Review: The Aggressive Conservative Investor 1979, updated 2005

After reading the latest Third Avenue Value Funds shareholder report, I decided to go back a read Marty Whitman’s book, The Aggressive Conservative Investor. I first read the book when I was in college. I admit that I was intrigued by the juxtaposed  adjectives in the title. How could one be both aggressive and conservative at the same time? Isn’t that what everyone wants? Conservative implies low risk, while aggressive implies potentially huge rewards. Who could resist?

So what is aggressive conservative investing? [Read more…]