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Walter Schloss Pdf3/31/2021
Unfortunately, Schloss passed away during at the age of 95 but his legacy lives on and todays investors can learn from his disciplined approach to value investing.He learned his trade as a runner on Wall Street while working at Carl M.Eventually, Schloss went to work for the Graham-Newman Partnership before forming his own value fund during I had to get another job, so one of the people who was a stockholder of Graham Newman came to me and said, Walter, if you start a fund, I will put some money in it.
![]() His approach involved combing through Value Line and scouring lists of stocks selling at multi-year lows to find ones which were selling at a discount to their intrinsic value. Rather than conducting indepth research into each individual company Schloss opted to buy a basket of undevalued stocks and to periodically rebalance his portfolio at a predetermined date. According to table 1 contained in the Buffett essay The Superinvestors of Graham-and-Doddsville Schloss investment performance whilst running his partnership from achieved a compound annualized growth rate CAGR of Scour week, 2 year and 3 year low lists for ideas - Schloss would borrow copies of Value Line and look through week, 2 year and 3 year low lists to find companies which were selling at a discount to their intrinsic value. Here are some notes taken from the life of Walter Schloss, once an office roommate of Warren Buffett. He is still alive and kicking at 95, and is one of the investors who inspires me the most. He had several points in common with Philip Fisher and Philip Carret, some of his contemporary investing legends; they lived very long; invested since very young until late in life; and never looked for extreme fortune or fame. He also led a simple life and, until recent interviews, still invests his personal money. His life incarnates the essential substance of value investing. Walter Schloss How To Identify SecuritiesLets start by what Warren Buffett had this to say about Schloss: Walter knows how to identify securities that sell at considerably less than their value to a private owner: And thats all he does. He owns many more stocks than I do and is far less interested in the underlying nature of the business; I dont seem to have very much influence on Walter. The Annual Ben Graham Conference was held earlier this year and the topic was investing mistakes. Save it to your desktop, read it on your tablet, or email to your colleagues. Among the value investors and especially deep value investors he is a true legend. Despite putting up one of the all time great track records there are still many investors who have not heard or read much about Walter Schloss. What kind of investor Walter Schloss really was Schloss was a lonely wolf and he never had a group of assistants or analysts. Only his son, Edwin Schloss, joined the investment company at the end of the s and worked as a partner until they closed their company in Famous for being frugal, he worked out of the same small one room office without computer or internet for the entire duration of his career. Walter J. Schloss August 28, February 19, was an American investor, fund manager, and philanthropist. He was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing. He died of leukemia at the age of Schloss did not attend college.
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