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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
Thirds
Office
Graham
Values
Warren
Today
Owns
Stock
Bought
Investing
Third

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 agree with Warren to keep it simple and not use higher mathematics in your analysis.
Walter Schloss
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I like the idea of company-paid dividends.
Walter Schloss
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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!
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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If the stock goes down we want to buy more.
Walter Schloss
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Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
Walter Schloss
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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.
Walter Schloss
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Managements, you know, often think of themselves.
Walter Schloss
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I have been around a long time and Wall Street has changed a lot.
Walter Schloss
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I liked the results of the profits in the markets.
Walter Schloss
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All the publicity about value investing - it's become a very popular thing.
Walter Schloss
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Don't sell on bad news.
Walter Schloss
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Be sure that debt does not exceed 100% of the equity.
Walter Schloss
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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?
Walter Schloss
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Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
Walter Schloss
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Buy stocks where the outlook is not good.
Walter Schloss
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Don't be afraid to be a loner but be sure that you are correct in your judgement.
Walter Schloss
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The market is a very emotional place that appeals to fear and greed.
Walter Schloss