89+ Walter Schloss Quotes On Education, Religion And Ethics

Walter Schloss was an American investor who was renowned for his value investing approach. He was a student of Benjamin Graham and a partner of the Graham-Newman Corporation. He was known for his ability to find undervalued stocks and his long-term investment approach. Following is our collection on famous quotes by Walter Schloss on leadership, education, religion.

Top 10 Walter Schloss Quotes

1. Timidity prompted by past failures causes investors to miss the most important bull markets.
2. A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
3. We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
4. Don't sell on bad news.
5. Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
6. Devise a simple strategy so you can sleep at night.
7. 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.
8. You have to have patience in this field.
9. Enjoy your work and have ethical standards.
10. Have patience. Stocks don't go up immediately.

Walter Schloss Short Quotes

• If the market is so cheap, you want to get something with a little more zip in it, or potential.
• Stockbrokers aren't too interested in a stock you can sit there for five years with.
• I like the idea of company-paid dividends.
• I agree with Warren to keep it simple and not use higher mathematics in your analysis.
• Try not to let your emotions affect your judgement.
• One of the tricks of this business is, keep your losses down.
• My first job at Graham-Newman was to prepare the annual report for that 10th year.
• Fear and greed tend to affect one's judgement.
• Don't be afraid to be a loner but be sure that you are correct in your judgement.
• Use book value as a starting point to try and establish the value of the enterprise.

Walter Schloss Famous Quotes And Sayings

If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you. — Walter Schloss

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

Warren is a very good judge of people and he's a very good judge of businesses. — Walter Schloss

My job was to find stocks that were undervalued. — Walter Schloss

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

Ben didn't want to lose money. He had had a rough time during the depression. — Walter Schloss

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

You have to have confidence in what you're doing. — Walter Schloss

Graham liked the idea of protection on the downside. — Walter Schloss

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

If the stock goes down we want to buy more. — Walter Schloss

This is a business. Like any other business. — Walter Schloss

Making a decision to sell is the most difficult thing we do. — Walter Schloss

You never really know a stock until you own it. — Walter Schloss

The market is a very emotional place that appeals to fear and greed. — Walter Schloss

You never get the high and you never get the low. — Walter Schloss

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

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today. — Walter Schloss

Try to buy assets at a discount than to buy earnings. — Walter Schloss

We get a feeling, if we can, about what we think the company is worth. — Walter Schloss

Buy stocks where the outlook is not good. — Walter Schloss

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

Price is the most important factor to use in relation to value. — Walter Schloss

When I buy a stock, I have kind of an idea where I want to sell it. — Walter Schloss

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

Some kinds of stocks are easier to analyse than others. — Walter Schloss

Basically, we try to buy value expressed in the differential between its price and what we think its worth. — Walter Schloss

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

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

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

Look at companies selling at new lows. — Walter Schloss

Look for companies that do not have a lot of debt. — Walter Schloss

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

Ben was a very simple straightforward man with a brilliant quick mind. — Walter Schloss

Be careful of leverage. It can go against you. — Walter Schloss

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

I tried to follow Ben Graham's ideas. — Walter Schloss

When you buy a depressed company it's not going to go up right after you buy it, believe me. — Walter Schloss

Be sure that debt does not exceed 100% of the equity. — Walter Schloss

Try to look for weaknesses in your thinking. — Walter Schloss

Earnings can change dramatically. Usually assets change slowly. — Walter Schloss

Remember that a share of stock represents a part of a business and is not just a piece of paper. — Walter Schloss

If the market were way over priced, I wouldn't own any stocks. — Walter Schloss

Most look at earnings and earnings potential, well I can't get into that game. — Walter Schloss

I find it helpful to buy near the low of the last few years. — Walter Schloss

Our average holding period is four years. — Walter Schloss

Try to establish the value of a company. — Walter Schloss

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

Don't be in too much of a hurry to sell. — Walter Schloss

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

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

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

Ben was a great believer in buying a diversified group of securities, so that he limited his risk. — Walter Schloss

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

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

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

People don't like to buy things that are going down. — Walter Schloss

Have a philosophy of investment and try to follow it. — Walter Schloss

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! — Walter Schloss

Don't buy on tips or for a quick move. — Walter Schloss

Book values have some good and some bad features. — Walter Schloss

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

Managements, you know, often think of themselves. — Walter Schloss

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

I liked the results of the profits in the markets. — Walter Schloss

I have been around a long time and Wall Street has changed a lot. — Walter Schloss

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

Make sure you have the courage to stay true to your convictions and not let the market affect your emotions. — Walter Schloss

Yes, Warren has done very well. — Walter Schloss

Life Lessons by Walter Schloss

1. Walter Schloss taught us the importance of diversification and investing in undervalued stocks. He believed in buying a large number of stocks and holding them for the long-term, rather than trying to time the market.
2. He also showed us the importance of staying disciplined and avoiding emotional decisions. He was a proponent of value investing and believed in buying stocks when they were trading at a discount to their intrinsic value.
3. Finally, Schloss demonstrated the importance of patience and sticking to a strategy. He believed in holding stocks for the long-term and avoiding the temptation to trade in and out of positions.