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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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Walter Schloss
Age: 95 †
Born: 1916
Born: August 28
Died: 2012
Died: February 19
Businessperson
Investor
New York City
New York
Walter Jerome Schloss
Point
Values
Use
Book
Establish
Trying
Enterprise
Investing
Starting
Value

More quotes by Walter Schloss

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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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Look at companies selling at new lows.
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Buy stocks where the outlook is not good.
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Our average holding period is four years.
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Ben was really a contrarian but he didn't use those terms because he was really buying value.
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Look for companies that do not have a lot of debt.
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One of the tricks of this business is, keep your losses down.
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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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Don't be in too much of a hurry to sell.
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Managements, you know, often think of themselves.
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Yes, Warren has done very well.
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Price is the most important factor to use in relation to value.
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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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We don't put the same amount of money in each stock.
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If there are not too many value stocks that I can find, the market isn't all that cheap.
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Earnings can change dramatically. Usually assets change slowly.
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I'm a passive investor. There are people who are very aggressive they try to buy companies.
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Try not to let your emotions affect your judgement.
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One has to know more about a company if one buys earnings.
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I don't have a ticker-tape machine in my office.
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