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

Walter Schloss

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Walter Schloss
Age: 95 †
Born: 1916
Born: August 28
Died: 2012
Died: February 19
Businessperson
Investor
New York City
New York
Walter Jerome Schloss
Depressed
Investing
Company
Values
Right
Going
Believe

More quotes by Walter Schloss

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Enjoy your work and have ethical standards.
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You never get the high and you never get the low.
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We do not spend a great deal of time talking to management.
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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.
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If the market were way over priced, I wouldn't own any stocks.
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I don't have a ticker-tape machine in my office.
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Managements, you know, often think of themselves.
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We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
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Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.
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Ben didn't want to lose money. He had had a rough time during the depression.
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I agree with Warren to keep it simple and not use higher mathematics in your analysis.
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I liked the results of the profits in the markets.
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Try to establish the value of a company.
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The market is a very emotional place that appeals to fear and greed.
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You never really know a stock until you own it.
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Fear and greed tend to affect one's judgement.
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I have been around a long time and Wall Street has changed a lot.
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You have to have confidence in what you're doing.
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Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
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Some kinds of stocks are easier to analyse than others.
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