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

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
Done
Hathaway
Rationally
Warren
Settings
Investing
Setting
Values
Everything
Berkshire

More quotes by Walter Schloss

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Timidity prompted by past failures causes investors to miss the most important bull markets.
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We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
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A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
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I found that it was much better to look at the figures rather than people.
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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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You have to have patience in this field.
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Have a philosophy of investment and try to follow it.
Walter Schloss
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Our average holding period is four years.
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Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
Walter Schloss
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Yes, Warren has done very well.
Walter Schloss
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Try not to let your emotions affect your judgement.
Walter Schloss
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The market is a very emotional place that appeals to fear and greed.
Walter Schloss
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You never really know a stock until you own it.
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We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
Walter Schloss
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People don't like to buy things that are going down.
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Look for companies that do not have a lot of debt.
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We get a feeling, if we can, about what we think the company is worth.
Walter Schloss
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I agree with Warren to keep it simple and not use higher mathematics in your analysis.
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Use book value as a starting point to try and establish the value of the enterprise.
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Don't sell on bad news.
Walter Schloss