Best 87 quotes of Walter Schloss on MyQuotes

All the publicity about value investing - it's become a very popular thing.

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

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

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

Be careful of leverage. It can go against you.

Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.

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

Ben's emphasis was on protecting his expectation of profit with minimum risk.

Ben was a great believer in buying a diversified group of securities, so that he limited his risk.

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

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

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

Book values have some good and some bad features.

Buy stocks where the outlook is not good.

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

Devise a simple strategy so you can sleep at night.

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

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

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.

Earnings can change dramatically. Usually assets change slowly.

Enjoy your work and have ethical standards.

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

Fear and greed tend to affect one's judgement.

Graham liked the idea of protection on the downside.

Have a philosophy of investment and try to follow it.

Have patience. Stocks don't go up immediately.

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

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

I don't have a ticker-tape machine in my office.

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

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

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

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 the stock goes down we want to buy more.

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.

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

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

I liked the results of the profits in the markets.

I like the idea of company-paid dividends.

I'm a passive investor. There are people who are very aggressive; they try to buy companies.

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

I tried to follow Ben Graham's ideas.

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

Look at companies selling at new lows.

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

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

Managements, you know, often think of themselves.

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