Here’s an excerpt from a 1989 article featuring Walter Schloss titled – Searching for Value. In the article Schloss provides some great insights into the difficulty of investing logically in an irrational world: A value-minded investor. Schloss views his business as rational—finding securities that are objectively undervalued compared to their … Read More
Walter Schloss: Criteria For Liquidations Where Money Is Held By A Company
Following is a May 1952 memo written by Walter Schloss which outlines his criteria for liquidations where money is held by a company: You can find the original document here: Walter Schloss: Criteria For Liquidations Where Money Is Held By Company
Walter Schloss: How To Invest Stress-Free For 40 Years
Here’s a great extract from a lecture given by Walter Schloss on May 16th, 1996 at the Behavioral Economics Forum at the Harvard Faculty Club in Cambridge, Mass. Schloss provides some great insights into how to invest stress-free for 40 years: How to Invest Stree-Free for 40 Years A friend … Read More
Walter Schloss: When You Find Great Stocks, Keep Them A Secret
We’ve just been reading through a great interview that Walter and Edwin Schloss did with OID back in 1989. During the interview Walter Schloss explains one of the reasons why he always kept the holdings in his portfolio a secret, saying: Walter Schloss: Apropos of that, while I was at … Read More
Walter Schloss: All Superinvestors Make Mistakes Of Omission
The Annual Ben Graham Conference was held earlier this year and the topic was – investing mistakes. The panel members were Edwin Schloss, son of Walter Schloss, Paul Lountzis – President Lountzis Management, and Michael Lipper – President Lipper Advisory Services. Edwin Schloss shared a couple of great anecdotes on … Read More
Walter Schloss: What Kind Of Stocks Do We Look At For Investment
In 1993 Walter Schloss gave a great presentation called – Upper Level Seminar In Value Investing, at the Columbia Business School. Schloss’ notes for the presentation included a number of timeless investing lessons including the kinds of stocks he looks at for investment, how to scale into an investment, and … Read More
How To Apply Walter Schloss’ Successful ‘Approach’ To Investing In 2018
I know what you’re thinking. How could Walter Schloss possibly be successful in 2018 when his investment career was built on finding net-net stocks? While I agree that net-nets have all but disappeared if we substitute his net-net ‘metric’ for our own 2018 ‘metric’ there’s a lot more to Schloss’ … Read More
Walter Schloss – The Key To Purchasing An Undervalued Stock Is Its Price COMPARED To Its Intrinsic Worth
One of our favorite investors here at The Acquirer’s Multiple is Walter Schloss. Schloss averaged a 16% total return after fees during five decades as a stand-alone investment manager, versus 10% for the S&P 500. Warren Buffet said the following about Schloss is his famous article, The Superinvestors of Graham-and-Doddsville: “He … Read More
Walter Schloss Would Roll In His Grave If He Could Read This Latest Research From Stanford
Walter Schloss is on Warren Buffett’s list of Super-investors. He’s a man who rarely spoke to management and analysts. So, I’m fairly certain he would roll in his grave he if could read this latest research from Stanford University regarding analyst coverage and how it’s a good prediction of how well … Read More
Just How Did Walter Schloss Achieve a 21.3% CAGR From 1956 to 1984
Walter Schloss was one of Buffett’s Superinvestors of Graham-and-Doddsville. He had an incredible track record of returns over his investing career, achieving a 21.3% CAGR over the period of 28 and a quarter years from 1956 to Q1 1984. And, he did it while keeping his own expenses to a minimum. … Read More
Walter Schloss – The Hippocratic Method In Security Analysis
One of our favorite investors here at The Acquirer’s Multiple is Walter Schloss. Schloss was one of the most respected value investors ever to have lived, and is included in Buffett’s list of Superinvestors. He was a disciple of the Benjamin Graham school of investing. He didn’t attend college but took investment courses … Read More