A rare video lecture with Walter Schloss, the legendary value investor. From 1955 to 2002, by Schloss’ estimate, his investments returned 16% per annum on average after fees, compared with 10% for the S&P 500 over the period.
Schloss started on Wall Street in 1934, at the age of 18, in the midst of the depression (working for Loeb Roades, then called Carl M. Loeb & Co). During the late 1930’s, Schloss took courses from Benjamin Graham at the New York Stock Exchange Institute. Schloss then went to work for Graham in 1946, as soon as he was discharged from the army.
Get The Full Walter Schloss Series in PDF
Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.
Schloss was an old school value investor. He looked for bargains on a price-to-book basis, preferring stocks that were trading at 52-weeks lows over other opportunities. He spent several years working with Benjamin Graham before moving off to start his own fund during 1955.
ValueWalk’s entire ten-part series covers the whole Walter Schloss story:
- Part one: Introduction To The Master Of Deep Value
- Part two: Discipline and Consistency
- Part three: The Magic Of Compounding
- Part four: 16 Factors Needed to Make Money in the Market
- Part five: Making Money Out of Junk
- Part six: The Right Stuff
- Part seven: Learning From The Master
- Part eight: Graham-Newman
- Part nine: The First Ten Years
- Part Ten: Value Investing Today
Get The Full Walter Schloss Series in PDF
Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.
Like many of the great value investors, Walter Schloss was relatively media-shy and videos of him speaking are rare. Below is one such video of a Q&A session with Schloss in 2008.
“Q: Could you comment, or maybe give us three key personality traits that you think are key to becoming a successful value investor?
WS: I think the personality trait, i think is to be calm, not to be too emotional about what you’re doing. Do it intellectually. I think if you get too emotional about a stock it affects your judgment. And Ben Graham had that trait. He didn’t like to talk to companies, he felt that they would affect how he felt.”
Link: Walter J Schloss - Ben Graham Centre Value Investing 2008
The post Rare Walter Schloss Video Q&A Session appeared first on ValueWalk.
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