Third Avenue Value Fund, run by Martin Whitman, 79, returns to the list after a one-year absence.

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Martin Whitman, manager of the Third Avenue Value Fund, notes that Ramezani's findings are biased toward large-cap growth stocks like Wal-Mart, which began the decade cheap and ended it expensive.

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Not really, according to Martin Whitman, manager of the Third Avenue Value Fund in New York, who is investing in Toyota Industries because he thinks Toyota Motor eventually will buy it.

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