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I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

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
Third
Thirds
Office
Graham
Values
Warren
Today
Owns
Stock
Bought
Investing

More quotes by Walter Schloss

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Have a philosophy of investment and try to follow it.
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Our average holding period is four years.
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Some kinds of stocks are easier to analyse than others.
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Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
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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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Timidity prompted by past failures causes investors to miss the most important bull markets.
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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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Remember that a share of stock represents a part of a business and is not just a piece of paper.
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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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If the market were way over priced, I wouldn't own any stocks.
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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?
Walter Schloss
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You know, people tend to like to buy companies that are doing well.
Walter Schloss
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Most look at earnings and earnings potential, well I can't get into that game.
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Yes, Warren has done very well.
Walter Schloss
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Use book value as a starting point to try and establish the value of the enterprise.
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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You have to have patience in this field.
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You never really know a stock until you own it.
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Look at companies selling at new lows.
Walter Schloss
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I'm not very good on timing. In fact, I've stayed away from it.
Walter Schloss