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
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
-
Adidas, Nike or Jordans - could collectable trainers make you rich?The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
-
Early bird ISA investors flock to global funds, India and the USThere’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
