Investing Quotes by Walter Schloss · Page 2

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

— 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

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

— Walter Schloss

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

— Walter Schloss

Have a philosophy of investment and try to follow it.

— Walter Schloss

Have patience. Stocks don't go up immediately.

— Walter Schloss

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

— 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

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

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— 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

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— 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

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

— Walter Schloss

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

— 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

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

— Walter Schloss

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

— Walter Schloss

I liked the results of the profits in the markets.

— Walter Schloss

Managements, you know, often think of themselves.

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

Fear and greed tend to affect one's judgement.

— Walter Schloss

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

— 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