Walter Schloss Quotes

“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

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

— Walter Schloss

“Ben was really a contrarian but he didn't use those terms because he was really buying value.”

— Walter Schloss

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

— Walter Schloss

“My job was to find stocks that were undervalued.”

— Walter Schloss

You have to invest the way that's comfortable for you.

— Walter Schloss

“Fear and greed tend to affect one's judgement.”

— 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

“One has to know more about a company if one buys earnings.”

— Walter Schloss

If the stock goes down we want to buy more.

— 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

“I tried to follow Ben Graham's ideas.”

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

— Walter Schloss

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

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

— Walter Schloss

Graham liked the idea of protection on the downside.

— Walter Schloss

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

— 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

Devise a simple strategy so you can sleep at night.

— Walter Schloss

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

— 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 in too much of a hurry to sell.”

— Walter Schloss

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

— Walter Schloss

Try to look for weaknesses in your thinking.

— Walter Schloss

Don't sell on bad news.

— Walter Schloss

“Don't buy on tips or for a quick move.”

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

— Walter Schloss

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

— Walter Schloss

“Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.”

— Walter Schloss

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

— Walter Schloss

“Some kinds of stocks are easier to analyse than others.”

— Walter Schloss

“Book values have some good and some bad features.”

— Walter Schloss

Try not to let your emotions affect your judgement.

— Walter Schloss

“I liked the results of the profits in the markets.”

— Walter Schloss

“You never really know a stock until you own it.”

— Walter Schloss

Be careful of leverage. It can go against you.

— Walter Schloss

“Look for companies that do not have a lot of debt.”

— Walter Schloss

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

— Walter Schloss

“The market is a very emotional place that appeals to fear and greed.”

— Walter Schloss

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

— Walter Schloss

“Buy stocks where the outlook is not good.”

— Walter Schloss

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

— Walter Schloss

“People don't like to buy things that are going down.”

— Walter Schloss

“Try to establish the value of a company.”

— Walter Schloss