As we've discussed elsewhere, Walter Schloss was one of the most successful investors in history, achieving a 15.7% CAGR over the 45 years from 1956 to 2000, compared to the market’s return of 11.2%. Highlighted by Warren Buffett in his Super-Investors of Graham amp; Doddsvile speech, Schloss was an arch-conservative value investor in the Graham school. He summarized his own approach as being: “We want to buy cheap stocks based on a small premium over book value, usually a depressed market price, a record that goes back at least 20 years…and one that doesn’t have much debt.” We recently came across a fascinating one-pager he wrote apparently in 1994 summarising what might be described as his quot;Golden Rules of Investingquot;, although the paper was actually titled quot;Factors Needed to Make in the Stock Marketquot;. It's hard to disagree with any of them (we've added a few highlights):Factors Needed to Make Money in the Stock Market
As a reminder, we're running a Walter Schloss quot;New Lowsquot; style screen for the UK market as part of Stockopedia PRO (you can sign up now for access to the beta).
updated Feb 04, 2012
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