Walter Schloss Quotes

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!

You never really know a stock until you own it.

If the stock goes down we want to buy more.

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

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

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

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

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

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

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

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

If there are not too many value stocks that I can find, the market isn't all that cheap.

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.

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

Don't sell on bad news.

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

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.

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

Devise a simple strategy so you can sleep at night.

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

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

You have to have patience in this field.

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

Enjoy your work and have ethical standards.

Book values have some good and some bad features.

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

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

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

Earnings can change dramatically. Usually assets change slowly.

Have patience. Stocks don't go up immediately.

I'm not very good on timing. In fact, I've stayed away from it.

Basically, we try to buy value expressed in the differential between its price and what we think its worth.

When I buy a stock, I have kind of an idea where I want to sell it.

Stockbrokers aren't too interested in a stock you can sit there for five years with.

Making a decision to sell is the most difficult thing we do.

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

We don't put the same amount of money in each stock.

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

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

Some kinds of stocks are easier to analyse than others.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

Have a philosophy of investment and try to follow it.

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

Managements, you know, often think of themselves.

I agree with Warren to keep it simple and not use higher mathematics in your analysis.

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

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

Try not to let your emotions affect your judgement.

Look at companies selling at new lows.

I like the idea of company-paid dividends.