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The market is a very emotional place that appeals to fear and greed.

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
Emotional
Values
Fear
Place
Appeals
Greed
Investing
Market

More quotes by Walter Schloss

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I found that it was much better to look at the figures rather than people.
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I'm a passive investor. There are people who are very aggressive they try to buy companies.
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I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.
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Use book value as a starting point to try and establish the value of the enterprise.
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Enjoy your work and have ethical standards.
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I find it helpful to buy near the low of the last few years.
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Graham liked the idea of protection on the downside.
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This is a business. Like any other business.
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I like the idea of company-paid dividends.
Walter Schloss
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Don't sell on bad news.
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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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Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Walter Schloss
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If the market is so cheap, you want to get something with a little more zip in it, or potential.
Walter Schloss
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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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Ben was a very simple straightforward man with a brilliant quick mind.
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One of the tricks of this business is, keep your losses down.
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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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Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
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Managements, you know, often think of themselves.
Walter Schloss
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Warren is a very good judge of people and he's a very good judge of businesses.
Walter Schloss