Values Quotes by Walter Schloss · Page 2

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

— Walter Schloss

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

— Walter Schloss

Have patience. Stocks don't go up immediately.

— Walter Schloss

Use book value as a starting point to try and establish the value of the enterprise.

— Walter Schloss

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

— Walter Schloss

Try not to let your emotions affect your judgement.

— Walter Schloss

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

— Walter Schloss

Have a philosophy of investment and try to follow it.

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it…

— Walter Schloss

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

— 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

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

You never really know a stock until you own it.

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

I liked the results of the profits in the markets.

— Walter Schloss

Managements, you know, often think of themselves.

— Walter Schloss

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

— Walter Schloss

You never get the high and you never get the low.

— Walter Schloss

Some kinds of stocks are easier to analyse than others.

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

Book values have some good and some bad features.

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

Devise a simple strategy so you can sleep at night.

— Walter Schloss

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

— Walter Schloss

Be careful of leverage. It can go against you.

— Walter Schloss