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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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Walter Schloss
Age: 95 †
Born: 1916
Born: August 28
Died: 2012
Died: February 19
Businessperson
Investor
New York City
New York
Walter Jerome Schloss
Thirds
Basically
Working
Values
Followed
Idea
Capital
Two
Buying
Ideas
Investing
Selling

More quotes by Walter Schloss

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Try to establish the value of a company.
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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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Making a decision to sell is the most difficult thing we do.
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My job was to find stocks that were undervalued.
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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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Timidity prompted by past failures causes investors to miss the most important bull markets.
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Don't buy on tips or for a quick move.
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One has to know more about a company if one buys earnings.
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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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By setting up Berkshire Hathaway, Warren has done everything very rationally.
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I don't have a ticker-tape machine in my office.
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Don't sell on bad news.
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Look at companies selling at new lows.
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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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Be careful of leverage. It can go against you.
Walter Schloss
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Devise a simple strategy so you can sleep at night.
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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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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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You know, people tend to like to buy companies that are doing well.
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Price is the most important factor to use in relation to value.
Walter Schloss