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Have patience. Stocks don't go up immediately.

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
Stocks
Immediately
Investing
Patience
Values

More quotes by Walter Schloss

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Don't be in too much of a hurry to sell.
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If the market is so cheap, you want to get something with a little more zip in it, or potential.
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All the publicity about value investing - it's become a very popular thing.
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Devise a simple strategy so you can sleep at night.
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If the stock goes down we want to buy more.
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I found that it was much better to look at the figures rather than people.
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Sell is tough. It's the worst, it's the most difficult thing of all.
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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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I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.
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Be careful of leverage. It can go against you.
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Our average holding period is four years.
Walter Schloss
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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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We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
Walter Schloss
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Try to establish the value of a company.
Walter Schloss
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Making a decision to sell is the most difficult thing we do.
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If the market were way over priced, I wouldn't own any stocks.
Walter Schloss
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Book values have some good and some bad features.
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Stockbrokers aren't too interested in a stock you can sit there for five years with.
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We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.
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Enjoy your work and have ethical standards.
Walter Schloss