1.
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
2.
You never really know a stock until you own it.
Walter Schloss
3.
If the stock goes down we want to buy more.
Walter Schloss
4.
We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
Walter Schloss
5.
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
6.
Try to buy assets at a discount than to buy earnings.
Walter Schloss
7.
When you buy a depressed company it's not going to go up right after you buy it, believe me.
Walter Schloss
8.
Timidity prompted by past failures causes investors to miss the most important bull markets.
Walter Schloss
9.
Look for companies that do not have a lot of debt.
Walter Schloss
10.
Be sure that debt does not exceed 100% of the equity.
Walter Schloss
11.
If the market were way over priced, I wouldn't own any stocks.
Walter Schloss
12.
If there are not too many value stocks that I can find, the market isn't all that cheap.
Walter Schloss
13.
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
14.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
Walter Schloss
15.
Don't sell on bad news.
Walter Schloss
16.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Walter Schloss
17.
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
18.
You have to invest the way that's comfortable for you.
Walter Schloss
19.
Devise a simple strategy so you can sleep at night.
Walter Schloss
20.
Most look at earnings and earnings potential, well I can't get into that game.
Walter Schloss
21.
We do not spend a great deal of time talking to management.
Walter Schloss
22.
You have to have patience in this field.
Walter Schloss
23.
Have the courage of your convictions once you have made a decision.
Walter Schloss
24.
Enjoy your work and have ethical standards.
Walter Schloss
25.
Book values have some good and some bad features.
Walter Schloss
26.
Don't be in too much of a hurry to sell.
Walter Schloss
27.
I find it helpful to buy near the low of the last few years.
Walter Schloss
28.
Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
Walter Schloss
29.
Earnings can change dramatically. Usually assets change slowly.
Walter Schloss
30.
Have patience. Stocks don't go up immediately.
Walter Schloss
31.
I'm not very good on timing. In fact, I've stayed away from it.
Walter Schloss
32.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.
Walter Schloss
33.
When I buy a stock, I have kind of an idea where I want to sell it.
Walter Schloss
34.
Stockbrokers aren't too interested in a stock you can sit there for five years with.
Walter Schloss
35.
Making a decision to sell is the most difficult thing we do.
Walter Schloss
36.
If the market is so cheap, you want to get something with a little more zip in it, or potential.
Walter Schloss
37.
We don't put the same amount of money in each stock.
Walter Schloss
38.
Ben was really a contrarian but he didn't use those terms because he was really buying value.
Walter Schloss
39.
People don't like to buy things that are going down.
Walter Schloss
40.
Some kinds of stocks are easier to analyse than others.
Walter Schloss
41.
By setting up Berkshire Hathaway, Warren has done everything very rationally.
Walter Schloss
42.
Have a philosophy of investment and try to follow it.
Walter Schloss
43.
Don't buy on tips or for a quick move.
Walter Schloss
44.
Managements, you know, often think of themselves.
Walter Schloss
45.
I agree with Warren to keep it simple and not use higher mathematics in your analysis.
Walter Schloss
46.
I found that it was much better to look at the figures rather than people.
Walter Schloss
47.
I helped Ben with the third edition of Security Analysis, published in 1951.
Walter Schloss
48.
Try not to let your emotions affect your judgement.
Walter Schloss
49.
Look at companies selling at new lows.
Walter Schloss
50.
I like the idea of company-paid dividends.
Walter Schloss