Walter Schloss
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!Collection: Sleep
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.Collection: Intelligent
Try to buy assets at a discount than to buy earnings.Collection: Trying
When you buy a depressed company it's not going to go up right after you buy it, believe me.Collection: Believe
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.Collection: Investing
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.Collection: Greed
You have to invest the way that's comfortable for you.Collection: Investing
Timidity prompted by past failures causes investors to miss the most important bull markets.Collection: Past
Earnings can change dramatically. Usually assets change slowly.Collection: Investing
Look for companies that do not have a lot of debt.Collection: Looks
The market is a very emotional place that appeals to fear and greed.Collection: Emotional
Don't be in too much of a hurry to sell.Collection: Investing
If the stock goes down we want to buy more.Collection: Investing
Don't sell on bad news.Collection: News
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.Collection: Years
Be sure that debt does not exceed 100% of the equity.Collection: Doe
Don't be afraid to be a loner but be sure that you are correct in your judgement.Collection: Judgement
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?Collection: Investing
If the market is so cheap, you want to get something with a little more zip in it, or potential.Collection: Investing
You never really know a stock until you own it.Collection: Investing
If the market were way over priced, I wouldn't own any stocks.Collection: Investing
Ben was really a contrarian but he didn't use those terms because he was really buying value.Collection: Use
If there are not too many value stocks that I can find, the market isn't all that cheap.Collection: Investing
Some kinds of stocks are easier to analyse than others.Collection: Investing
Have patience. Stocks don't go up immediately.Collection: Investing
Be careful of leverage. It can go against you.Collection: Investing
People don't like to buy things that are going down.Collection: People
Be aware of the level of the stock market. Are yields low and PE ratios high?Collection: Yield
I find it helpful to buy near the low of the last few years.Collection: Years
I'm not very good on timing. In fact, I've stayed away from it.Collection: Investing
You never get the high and you never get the low.Collection: Investing
We may buy a little bit of a stock, to get our feet wet and get a feeling for it.Collection: Feet
Devise a simple strategy so you can sleep at night.Collection: Sleep
You have to have patience in this field.Collection: Investing
Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.Collection: Investing
Price is the most important factor to use in relation to value.Collection: Important
Have the courage of your convictions once you have made a decision.Collection: Decision
Buy stocks where the outlook is not good.Collection: Investing
Making a decision to sell is the most difficult thing we do.Collection: Decision
Most look at earnings and earnings potential, well I can't get into that game.Collection: Games
Try not to let your emotions affect your judgement.Collection: Judgement
Enjoy your work and have ethical standards.Collection: Ethical Standards
One of the tricks of this business is, keep your losses down.Collection: Loss
We do not spend a great deal of time talking to management.Collection: Talking
Look at companies selling at new lows.Collection: Looks
Stockbrokers aren't too interested in a stock you can sit there for five years with.Collection: Years
Book values have some good and some bad features.Collection: Book
Remember that a share of stock represents a part of a business and is not just a piece of paper.Collection: Investing
Have a philosophy of investment and try to follow it.Collection: Philosophy
Sell is tough. It's the worst, it's the most difficult thing of all.Collection: Investing