Walter Schloss Quotes

Stockbrokers aren't too interested in a stock you can sit there for five years with.

Buy stocks where the outlook is not good.

If there are not too many value stocks that I can find, the market isn't all that cheap.

Try not to let your emotions affect your judgement.

Try to establish the value of a company.

You have to have patience in this field.

I like the idea of company-paid dividends.

Some kinds of stocks are easier to analyse than others.

Earnings can change dramatically. Usually assets change slowly.

Devise a simple strategy so you can sleep at night.

We don't put the same amount of money in each stock.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

You have to be a little aware of the emotions of the people who have invested with you.

Managements, you know, often think of themselves.

Timidity prompted by past failures causes investors to miss the most important bull markets.

My first job at Graham-Newman was to prepare the annual report for that 10th year.

Sell is tough. It's the worst, it's the most difficult thing of all.

One has to know more about a company if one buys earnings.

I'm a passive investor. There are people who are very aggressive; they try to buy companies.

Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.

One of the tricks of this business is, keep your losses down.

Don't be afraid to be a loner but be sure that you are correct in your judgement.

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

Look at companies selling at new lows.

I agree with Warren to keep it simple and not use higher mathematics in your analysis.

We do not spend a great deal of time talking to management.

Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.

Have the courage of your convictions once you have made a decision.

If the stock goes down we want to buy more.

Ben was really a contrarian but he didn't use those terms because he was really buying value.

You know, people tend to like to buy companies that are doing well.

Try to buy assets at a discount than to buy earnings.

You have to invest the way that's comfortable for you.

Ben's emphasis was on protecting his expectation of profit with minimum risk.

I found that it was much better to look at the figures rather than people.

This is a business. Like any other business.

Fear and greed tend to affect one's judgement.

I don't have a ticker-tape machine in my office.

Be aware of the level of the stock market. Are yields low and PE ratios high?

We may buy a little bit of a stock, to get our feet wet and get a feeling for it.

I liked the results of the profits in the markets.

We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.

I'm not very good on timing. In fact, I've stayed away from it.

All the publicity about value investing - it's become a very popular thing.

I helped Ben with the third edition of Security Analysis, published in 1951.

When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!

Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.

You never really know a stock until you own it.