Top 89 Quotes & Sayings by Walter Schloss
Explore popular quotes and sayings by an American investor Walter Schloss.
Last updated on November 21, 2024.
The market is a very emotional place that appeals to fear and greed.
I'm not very good on timing. In fact, I've stayed away from it.
If the market were way over priced, I wouldn't own any stocks.
Be careful of leverage. It can go against you.
Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
When you buy a depressed company it's not going to go up right after you buy it, believe me.
If the market is so cheap, you want to get something with a little more zip in it, or potential.
If the stock goes down we want to buy more.
Book values have some good and some bad features.
Look at companies selling at new lows.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
Most look at earnings and earnings potential, well I can't get into that game.
Fear and greed tend to affect one's judgement.
Stockbrokers aren't too interested in a stock you can sit there for five years with.
Don't be in too much of a hurry to sell.
Try not to let your emotions affect your judgement.
We do not spend a great deal of time talking to management.
Don't buy on tips or for a quick move.
Earnings can change dramatically. Usually assets change slowly.
Price is the most important factor to use in relation to value.
You have to have confidence in what you're doing.
Be sure that debt does not exceed 100% of the equity.
You have to invest the way that's comfortable for you.
Look for companies that do not have a lot of debt.
Try to buy assets at a discount than to buy earnings.
Have the courage of your convictions once you have made a decision.
Have patience. Stocks don't go up immediately.
Don't sell on bad news.
Managements, you know, often think of themselves.
Be aware of the level of the stock market. Are yields low and PE ratios high?
When I buy a stock, I have kind of an idea where I want to sell it.
People don't like to buy things that are going down.
If there are not too many value stocks that I can find, the market isn't all that cheap.
You have to have patience in this field.
Ben's emphasis was on protecting his expectation of profit with minimum risk.
You never get the high and you never get the low.
Devise a simple strategy so you can sleep at night.
Remember that a share of stock represents a part of a business and is not just a piece of paper.
Enjoy your work and have ethical standards.
We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
I agree with Warren to keep it simple and not use higher mathematics in your analysis.
Sell is tough. It's the worst, it's the most difficult thing of all.
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.
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.
Timidity prompted by past failures causes investors to miss the most important bull markets.
You never really know a stock until you own it.
Some kinds of stocks are easier to analyse than others.
I like the idea of company-paid dividends.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Buy stocks where the outlook is not good.
One of the tricks of this business is, keep your losses down.
I find it helpful to buy near the low of the last few years.
Ben was really a contrarian but he didn't use those terms because he was really buying value.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.
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!
Don't be afraid to be a loner but be sure that you are correct in your judgement.
Have a philosophy of investment and try to follow it.
We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
Making a decision to sell is the most difficult thing we do.
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