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Be careful of leverage. It can go against you.

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
Investing
Careful
Values
Leverage

More quotes by Walter Schloss

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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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My first job at Graham-Newman was to prepare the annual report for that 10th year.
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By setting up Berkshire Hathaway, Warren has done everything very rationally.
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I found that it was much better to look at the figures rather than people.
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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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Fear and greed tend to affect one's judgement.
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Warren is a very good judge of people and he's a very good judge of businesses.
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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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Ben's emphasis was on protecting his expectation of profit with minimum risk.
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If the stock goes down we want to buy more.
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One has to know more about a company if one buys earnings.
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We get a feeling, if we can, about what we think the company is worth.
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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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Try to look for weaknesses in your thinking.
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Most look at earnings and earnings potential, well I can't get into that game.
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When you buy a depressed company it's not going to go up right after you buy it, believe me.
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Have the courage of your convictions once you have made a decision.
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You know, people tend to like to buy companies that are doing well.
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Devise a simple strategy so you can sleep at night.
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I have been around a long time and Wall Street has changed a lot.
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