Walter Schloss was one of Benjamin Graham’s most successful students. From 1955 through 2002, Schloss returned 16% per annum, according to his own figures, successfully using Benjamin Graham’s net-nets strategy to outperform the market for five decades. Walter Schloss didn’t give many interviews over his career, but he did write a number of memos and letters to various publications over the years. Walter Schloss: Intrinsic Value Below is an example of one such letter. This letter was a rebuttal to another analysts suggestion that “Security analysis is the discipline of comparative selection.”: “…Since stocks are only under – or overpriced…
From The Archives: Walter Schloss On Intrinsic Value
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk