We buy cheap stocks. That's all we do.

Walter Schloss

Investors

Walter Schloss

Born in 1916 in New York, died in 2012. Walter Schloss never attended college but learned investing under Benjamin Graham and went on to compound at roughly 16% annually for nearly half a century from a spartan office. Buffett named him a 'superinvestor'; he was the last orthodox heir of Graham-style deep-value investing, embodying diversification, patience, and frugality.

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Walter Schloss's Other Quotes

Try not to lose money. The way to make money in the stock market is not to be afraid of losing it.

I don't go to many meetings. I find reading the reports is usually more informative than talking to management.

Have patience. Stocks don't go up immediately.

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