--- title: "Meaning & Key Takeaway of: I have been around a long time and Wall…" description: "\"I have been around a long time and Wall Street has changed a lot.\" — Walter Schloss" image: "https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png" --- # I have been around a long time and Wall Street has changed… ![“I have been around a long time and Wall Street has changed a lot.” quote by Walter Schloss](https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png) [Download](https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png) [Open image](https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png) > “I have been around a long time and Wall Street has changed a lot.” [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Experience shows markets evolve, but fundamental value investing principles remain effective. **In simple terms:** Markets change, core investing ideas stay useful. Key Takeaway Focus on fundamentals despite market shifts. Themes investment adaptation value Mood analytical cautious Type financial educational When to use this quote - portfolio management - financial planning - risk assessment Key Concepts value investing market cycles long‑term perspective Questions to Reflect On - What fundamentals guide your decisions? - How do you adapt to market changes? A Different Perspective Overreliance on past patterns can mislead. ★ ★ ★ ★ ★ No ratings yet [Changed](https://sms4smile.com/quotes/about/changed/) [Changed Lot](https://sms4smile.com/quotes/about/changed-lot-625900/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Investing](https://sms4smile.com/quotes/about/investing/) [Long](https://sms4smile.com/quotes/about/long/) [Long time](https://sms4smile.com/quotes/about/long-time/) [Street Changed](https://sms4smile.com/quotes/about/street-changed-4388278/) [Streets](https://sms4smile.com/quotes/about/streets/) [Time](https://sms4smile.com/quotes/about/time/) [Values](https://sms4smile.com/quotes/about/values/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [“You're walking down Fool's Street, Laura used to say when he was drinking, and she had been right. 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I want to raise the minimum wage to 15 bucks an hour.…](https://sms4smile.com/quotes/bernie-sanders/i-want-to-break-up-the-wall-street-banks-hillary-clinton-doesn-t-i/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [In market research I did at Microsoft Corp. in the early 1990s, I estimated that the 'Wall Street Journal' took in about 75 cents…](https://sms4smile.com/quotes/nathan-myhrvold/in-market-research-i-did-at-microsoft-corp-in-the-early-1990s-i/) [Nathan Myhrvold](https://sms4smile.com/quotes/author/nathan-myhrvold/) > [ What I think is bugging this guy \[Steven Lerner\] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans… ](https://sms4smile.com/quotes/rush-limbaugh/what-i-think-is-bugging-this-guy-steven-lerner-is-the-belief-that/) [Rush Limbaugh](https://sms4smile.com/quotes/author/rush-limbaugh/) > [Using tax payers' money to provide liquidity to Wall Street so that the country wouldn't head into a depression was the right decision, in…](https://sms4smile.com/quotes/george-w-bush/using-tax-payers-money-to-provide-liquidity-to-wall-street-so-that/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [ I wrote an article about the marine landing \[in Haiti\] right away, but barely mentioned the oil, because my article would come out two… ](https://sms4smile.com/quotes/noam-chomsky/i-wrote-an-article-about-the-marine-landing-in-haiti-right-away-but/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory…](https://sms4smile.com/quotes/bernie-sanders/what-wall-street-and-credit-card-companies-are-doing-is-really-not/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ## More by Walter Schloss > [You have to have patience in this field.](https://sms4smile.com/quotes/walter-schloss/you-have-to-have-patience-in-this-field/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Try to buy assets at a discount than to buy earnings.](https://sms4smile.com/quotes/walter-schloss/try-to-buy-assets-at-a-discount-than-to-buy-earnings/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [If the market were way over priced, I wouldn't own any stocks.](https://sms4smile.com/quotes/walter-schloss/if-the-market-were-way-over-priced-i-wouldn-t-own-any-stocks/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Fear and greed tend to affect one's judgement.](https://sms4smile.com/quotes/walter-schloss/fear-and-greed-tend-to-affect-one-s-judgement/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [I helped Ben with the third edition of Security Analysis, published in 1951.](https://sms4smile.com/quotes/walter-schloss/i-helped-ben-with-the-third-edition-of-security-analysis-published-in/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [If there are not too many value stocks that I can find, the market isn't all that cheap.](https://sms4smile.com/quotes/walter-schloss/if-there-are-not-too-many-value-stocks-that-i-can-find-the-market-isn/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Graham liked the idea of protection on the downside.](https://sms4smile.com/quotes/walter-schloss/graham-liked-the-idea-of-protection-on-the-downside/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [We may buy a little bit of a stock, to get our feet wet and get a feeling for it.](https://sms4smile.com/quotes/walter-schloss/we-may-buy-a-little-bit-of-a-stock-to-get-our-feet-wet-and-get-a/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.](https://sms4smile.com/quotes/walter-schloss/each-year-we-buy-stocks-and-they-go-up-we-sell-them-and-then-we-try/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [When you buy a depressed company it's not going to go up right after you buy it, believe me.](https://sms4smile.com/quotes/walter-schloss/when-you-buy-a-depressed-company-it-s-not-going-to-go-up-right-after/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Earnings can change dramatically. Usually assets change slowly.](https://sms4smile.com/quotes/walter-schloss/earnings-can-change-dramatically-usually-assets-change-slowly/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Look for companies that do not have a lot of debt.](https://sms4smile.com/quotes/walter-schloss/look-for-companies-that-do-not-have-a-lot-of-debt/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Ben's emphasis was on protecting his expectation of profit with minimum risk.](https://sms4smile.com/quotes/walter-schloss/ben-s-emphasis-was-on-protecting-his-expectation-of-profit-with/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [Buy stocks where the outlook is not good.](https://sms4smile.com/quotes/walter-schloss/buy-stocks-where-the-outlook-is-not-good/) [Walter Schloss](https://sms4smile.com/quotes/author/walter-schloss/) > [A lot of companies have lots of assets tied up in plant and equipment. 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I used to sleep with my crown because I was scared someone…](https://sms4smile.com/quotes/priyanka-chopra/when-i-became-miss-world-i-couldn-t-believe-i-had-won-it-i-used-to/) [Priyanka Chopra](https://sms4smile.com/quotes/author/priyanka-chopra/) > [As the light changed from red to green to yellow and back to red again, I sat there thinking about life. Was it nothing…](https://sms4smile.com/quotes/anonymous/as-the-light-changed-from-red-to-green-to-yellow-and-back-to-red/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Forgetting your Self is the greatest injury; all the calamities flow from it. Take care of the most important, the lesser will take care…](https://sms4smile.com/quotes/sri-nisargadatta-maharaj/forgetting-your-self-is-the-greatest-injury-all-the-calamities-flow/) [Sri Nisargadatta Maharaj](https://sms4smile.com/quotes/author/sri-nisargadatta-maharaj/) > [It's only a thought and a thought can be changed. Choose good ones.](https://sms4smile.com/quotes/wayne-dyer/it-s-only-a-thought-and-a-thought-can-be-changed-choose-good-ones/) [Wayne Dyer](https://sms4smile.com/quotes/author/wayne-dyer/) > [Working with Rihanna has changed my life.](https://sms4smile.com/quotes/bibi-bourelly/working-with-rihanna-has-changed-my-life/) [Bibi Bourelly](https://sms4smile.com/quotes/author/bibi-bourelly/) > [The international game has changed for bidding cities.](https://sms4smile.com/quotes/peter-ueberroth/the-international-game-has-changed-for-bidding-cities/) [Peter Ueberroth](https://sms4smile.com/quotes/author/peter-ueberroth/) > [You changed my life, don't know what you're doing to me with your love. You got me feeling super human.](https://sms4smile.com/quotes/anonymous/you-changed-my-life-don-t-know-what-you-re-doing-to-me-with-your-love/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I'm not changing because I'm part of a hit. People around me have changed in their attitude toward me, but I haven't changed. And…](https://sms4smile.com/quotes/joe-penny/i-m-not-changing-because-i-m-part-of-a-hit-people-around-me-have/) [Joe Penny](https://sms4smile.com/quotes/author/joe-penny/) > [Good people are found not changed. Recently I read a headline that said, 'We don't teach people to be nice. We simply hire nice…](https://sms4smile.com/quotes/jim-rohn/good-people-are-found-not-changed-recently-i-read-a-headline-that/) [Jim Rohn](https://sms4smile.com/quotes/author/jim-rohn/) [Browse all 6,529 Changed quotes ](https://sms4smile.com/quotes/about/changed/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I have been around a long time and Wall Street has changed a lot.", "creator": { "@type": "Person", "name": "Walter Schloss" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/walter-schloss/i-have-been-around-a-long-time-and-wall-street-has-changed-a-lot/", "about": { "@type": "Thing", "name": "Changed" }, "@id": "https://sms4smile.com/quotes/walter-schloss/i-have-been-around-a-long-time-and-wall-street-has-changed-a-lot/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png", "contentUrl": "https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png", "url": "https://sms4smile.com/quotes/i/ef0/walter-schloss-7650_changed_i-have-been-around-a-long-time-and-wall_742753.png", "width": 1080, "height": 1080, "caption": "“I have been around a long time and Wall Street has changed a lot.” — Walter Schloss", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Walter Schloss", "item": "https://sms4smile.com/quotes/author/walter-schloss/" }, { "@type": "ListItem", "position": 4, "name": "I have been around a long...", "item": "https://sms4smile.com/quotes/walter-schloss/i-have-been-around-a-long-time-and-wall-street-has-changed-a-lot/" } ], "@id": "https://sms4smile.com/quotes/walter-schloss/i-have-been-around-a-long-time-and-wall-street-has-changed-a-lot/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```