Walter Schloss: the world’s greatest investors

Walter Schloss focused on companies that were selling below what he considered to be the value of their net assets.

816-Schloss-1200

Walter Schloss: a classic value investor

Schloss was born in New York in 1916, left school at the age of 18, and took a job as a runner, delivering messages on the floor of the stock exchange. While working there he took some night classes on investment given by legendary value investor Benjamin Graham, given on the floor of the exchange. As a result, he got a job with the Graham-Newman Investment Partnership.

In 1955 he struck out on his own, managing money for a group of private investors under the umbrella of the WJS Partnership. He closed the partnership in 2000, stopped managing other people's money in 2003 and died in 2012.

What was his strategy?

Did this work?

What was his best investment?

So should we follow what he says?

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri