Walter Schloss

Walter Schloss is a value investor who worked for Benjamin Graham and whose first investor in his own fund was Benjamin Graham

Expanded Definition

Schloss is generally known as one Graham's most successful students behind some guy named Warren Buffett.

His general strategy was to buy stocks that were hitting 52 week lows, with little to no debt and trading well below book value.

Unlike Buffett, Schloss practiced wide diversification and frequently held over 100 stocks at any one time.

He is also notable for very being very successful despite not attending college.

Schloss's fund , WJS Limited Partners, consistently beat the SP over a five decade period averaging a 16% annual return. Schloss famously closed his fund in immediately before the 2000 market crash claiming that there were few good bargains to be had.

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Related Terms

• Value investor
• Value investing
• Liquidation value
• Benjamin Graham
• Margin of safety

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