Learn to invest like Walter Schloss

There is a lot one can learn from the legends of investing. One such legend was Walter Schloss. Warren Buffett called him a 'superinvestor'. In this issue of Value Guru, we analyse the investing style of Walter Schloss and discuss why it's important to learn how he picked stocks. Walter started his career as a runner, delivering stock certificates by hand. He studied under Graham and went on to work for him at Graham-Newman. After Graham wound up his firm, Walter opened his own shop. Working alone, without any staff, Walter was joined by his son Edwin. Walter compounded his returns by 20 per cent over 47 years - twice of what the S&P 500 gave during this period. Why did Walter invest the way he did? Walter lived through the Great Depression of 1929. Many fortunes and empires crumbled during this period. As such, he was unwilling to pay a very high premium for stocks. Protecting the downside became a

This article was originally published on July 20, 2021.