Top 80 Walter Schloss Quotes (2024 Update)

1. “If the stock goes down we want to buy more.”

— Walter Schloss

2. “Enjoy your work and have ethical standards.”

— Walter Schloss

3. “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

4. “Fear and greed tend to affect one’s judgement.”

— Walter Schloss

5. “I agree with Warren to keep it simple and not use higher mathematics in your analysis.”

— Walter Schloss

6. “Have patience. Stocks don’t go up immediately.”

— Walter Schloss

7. “Price is the most important factor to use in relation to value.”

— Walter Schloss

8. “Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.”

— Walter Schloss

9. “Book values have some good and some bad features.”

— Walter Schloss

10. “Remember that a share of stock represents a part of a business and is not just a piece of paper.”

— Walter Schloss

11. “Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.”

— Walter Schloss

12. “Try not to let your emotions affect your judgement.”

— Walter Schloss

13. “Earnings can change dramatically. Usually assets change slowly.”

— Walter Schloss

14. “Have the courage of your convictions once you have made a decision.”

— Walter Schloss

15. “Don’t be in too much of a hurry to sell.”

— Walter Schloss

16. “Don’t sell on bad news.”

— Walter Schloss

17. “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.”

— Walter Schloss

18. “Devise a simple strategy so you can sleep at night.”

— Walter Schloss

19. “Use book value as a starting point to try and establish the value of the enterprise.”

— Walter Schloss

20. “Don’t be afraid to be a loner but be sure that you are correct in your judgement.”

— Walter Schloss

21. “We basically followed the idea of buying comapnies selling below working-capital – at two thirds of working-capital.”

— Walter Schloss

22. “Graham liked the idea of protection on the downside.”

— Walter Schloss

23. “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.”

— Walter Schloss

24. “Stockbrokers aren’t too interested in a stock you can sit there for five years with.”

— Walter Schloss

25. “Basically, we try to buy value expressed in the differential between its price and what we think its worth.”

— Walter Schloss

26. “Timidity prompted by past failures causes investors to miss the most important bull markets.”

— Walter Schloss

27. “Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.”

— Walter Schloss

28. “Buy stocks where the outlook is not good.”

— Walter Schloss

29. “I helped Ben with the third edition of Security Analysis, published in 1951.”

— Walter Schloss

30. “Be aware of the level of the stock market. Are yields low and PE ratios high?”

— Walter Schloss

31. “When you buy a depressed company it’s not going to go up right after you buy it, believe me.”

— Walter Schloss

32. “The market is a very emotional place that appeals to fear and greed.”

— Walter Schloss

33. “Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.”

— Walter Schloss

34. “Our average holding period is four years.”

— Walter Schloss

35. “Ben was really a contrarian but he didn’t use those terms because he was really buying value.”

— Walter Schloss

36. “You never get the high and you never get the low.”

— Walter Schloss

37. “If there are not too many value stocks that I can find, the market isn’t all that cheap.”

— Walter Schloss

38. “You have to invest the way that’s comfortable for you.”

— Walter Schloss

39. “I’m not very good on timing. In fact, I’ve stayed away from it.”

— Walter Schloss

40. “I found that it was much better to look at the figures rather than people.”

— Walter Schloss

41. “Try to look for weaknesses in your thinking.”

— Walter Schloss

42. “One has to know more about a company if one buys earnings.”

— Walter Schloss

43. “Be careful of leverage. It can go against you.”

— Walter Schloss

44. “Ben’s emphasis was on protecting his expectation of profit with minimum risk.”

— Walter Schloss

45. “We get a feeling, if we can, about what we think the company is worth.”

— Walter Schloss

46. “I like the idea of company-paid dividends.”

— Walter Schloss

47. “If the market were way over priced, I wouldn’t own any stocks.”

— Walter Schloss

48. “Making a decision to sell is the most difficult thing we do.”

— Walter Schloss

49. “Have a philosophy of investment and try to follow it.”

— Walter Schloss

50. “Most look at earnings and earnings potential, well I can’t get into that game.”

— Walter Schloss