Value Investing with Walter Schloss

Yesterday it was reported that Walter Schloss, famed value investor, died at the age of  95. I started this site over 2 years ago in admiration of Schloss.  To me, he was an investor’s whose style was immediately accessible to individual investors:  He simply picked out of favor, cheap stocks.  Further, he educated other investors [...]

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Hey everyone – sorry for the lack of postings.  If you have not seen it, I launched a resume service for those looking to make the jump to the buy side.  In the meantime, I have to table my little value investing blog until the New Year. That being said – and this is very [...]

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While this value investing blog is intended to focus on some of the original members of the Graham Newman Corporation, the news that Warren Buffett has named one of his successors to the CIO position for Berkshire Hathaway deserves its own post.  This is major news in the value investing world and I will try [...]

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A few weeks ago, we talked Bruce Greenwald’s fantastic “Value Investing: From Graham to Buffett and Beyond” and the chapter and Walter and Edwin Schloss.  We continue the second and final part of the series with this post. “Edwin Schloss pays attention to asset values, but he is more willing to look at a company’s [...]

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In 1996, Walter Schloss gave a lecture at the Behavioral Economics Forum at the Harvard Faculty Club in Cambridge, Mass.  The speech, entitled “Why We Invest The Way We Do”, is a summary on how Walter and Edwin Schloss approach value investing at their investment partnership.  This speech can be found here: Walter Schloss and [...]

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Many players in the value investing world regard Bruce Greenwald, value investing professor at Columbia Business School, director of research at Eagle Asset Management, and contributing author of Value Investing: From Graham to Buffett and Beyond as the definite resource on value investing.  He is a valuable contributor to the development of student’s value investing [...]

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One of the reasons I started a value investing blog on Walter Schloss, Irving Kahn, early Warren Buffett and other members of the Graham-Newman Corporation was my fascination on how rare their early investment style is still applied today.  I think we can all agree that finding 2/3 net/nets as Ben Graham prescribed is difficult. [...]

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Irving Kahn was a fellow employee of  Walter Schloss at the Graham-Newman Corporation.  Kahn Brothers Advisors, LLC manages over $500M of institutional and private capital.  From their website: “Our chairman, Irving Kahn, got his start in value investing in 1930s while serving as Benjamin Graham’s teaching assistant at Columbia University. Over time, our investment philosophy [...]

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Earlier in the week, I wrote a post listing the stocks Walter Schloss had owned during his time managing capital.   One of the comments from that post made me do a little digging: All I have been told about Walter Schloss is that he invests only in net nets. But from that list, it [...]

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In January 2007, Walter Schloss sent Warren Buffett a list of stocks that he and the Walter & Edwin Schloss Associates partnership owned at one time or another.  Here is the list Schloss sent: Walter Schloss List of Stocks At a Grant Interest Rate Observer Conference, Schloss was asked the turnover in his portfolio.  His [...]

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