Walter Schloss was a relative unknown on Wall Street, quietly racking up a 21% annual return over 28 years. Schloss was one of the few Graham disciples who worked with the man – even helped write a chapter in his book – and followed Graham’s strategy the closest after starting his own partnership. Then Warren Buffett outed him as a Superinvestor.
In 1985 he sat for an interview with Barron’s that gets into his early days with Ben Graham, Graham’s strategy, and Schloss’s philosophy on market timing, selling, and picking the right strategy. Continue Reading…
Any chump can bet all their money on a single stock and get wiped out. But it takes a special kind of genius to invest and consistently lose money in the market. They follow one mistake with another, compounding their losses with opportunity cost.