<<We shouldn't forget that it is not Marty Whitman but his heir-apparent Jensen that is tackling the semis and other techs.>>
So you are implying that Whitman blindly let Jensen do the picking? Also, how does one get to be an heir apparent? I assume by showing some talent. If I were a 3rd Avenue mutual fund holder, I would hold Whitman responsible, as would most likely other holders. The fact that a supposed heir apparent made (or suggested) the pick wouldn't phase me, because Whitman's got his reputation on the line. If they screw up, my money moves. Whitman knows this, so don't make him out to be an old, blind fool. He may not know tech stocks, but investing is not purely a techical or fundamental analysis. Many people don't have a clue what the companies they hold stock in "really" do. They just pick them because they have attractive data points: including P/E, PSR, Growth %, P/B and marketshare.
SemiBull |
