Walter Schloss Quotes & Sayings

I tried to follow Ben Graham's ideas. — 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

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

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

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

Don't sell on bad news. — Walter Schloss

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

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

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

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

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

Try not to let your emotions affect your judgement. — Walter Schloss

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

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

Try to establish the value of a company. — 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

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

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

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

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

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

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

This is a business. Like any other business. — 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 there are not too many value stocks that I can find, the market isn't all that cheap. — Walter Schloss

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

Devise a simple strategy so you can sleep at night. — Walter Schloss

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

Fear and greed tend to affect one's judgement. — Walter Schloss

Graham liked the idea of protection on the downside. — 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

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

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

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

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

Enjoy your work and have ethical standards. — Walter Schloss

By setting up Berkshire Hathaway, Warren has done everything very rationally. — 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 invest the way that's comfortable for you. — Walter Schloss

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

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

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

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

You have to have patience in this field. — Walter Schloss

I like the idea of company-paid dividends. — Walter Schloss

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

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

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

Timidity prompted by past failures causes investors to miss the most important bull markets. — Walter Schloss

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

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

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

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

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

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

A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant? — Walter Schloss

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. — Walter Schloss

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

If the market is so cheap, you want to get something with a little more zip in it, or potential. — Walter Schloss

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

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

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

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

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

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