Customer Quote by Walter Schloss
“If there are not too many value stocks that I can find, the market isn't all that cheap.”
About This Quote
Source Interview: Value Investing Insights, 1995
Few undervalued stocks mean the market is relatively expensive overall.
In simple terms: Few cheap stocks = market pricey.
Seek true value, not just cheapness.
Themes
Mood
Type
When to use this quote
- portfolio construction
- stock screening
- market timing
Key Concepts
Questions to Reflect On
- What criteria define a true value stock?
- How do you avoid overpaying in a hot market?
Value may be hidden in obscure sectors.