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Try to establish the value of a company.

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
Company
Values
Trying
Establish
Investing
Value

More quotes by Walter Schloss

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Have patience. Stocks don't go up immediately.
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Have the courage of your convictions once you have made a decision.
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I liked the results of the profits in the markets.
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This is a business. Like any other business.
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We don't put the same amount of money in each stock.
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Basically, we try to buy value expressed in the differential between its price and what we think its worth.
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When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!
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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 find it helpful to buy near the low of the last few years.
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Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
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Book values have some good and some bad features.
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You have to be a little aware of the emotions of the people who have invested with you.
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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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Be aware of the level of the stock market. Are yields low and PE ratios high?
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Be sure that debt does not exceed 100% of the equity.
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Try to buy assets at a discount than to buy earnings.
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Use book value as a starting point to try and establish the value of the enterprise.
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People don't like to buy things that are going down.
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Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
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I helped Ben with the third edition of Security Analysis, published in 1951.
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