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词条 Walter Schloss
释义

  1. Biography

  2. Philanthropy

  3. See also

  4. References

  5. External links

{{Infobox person
| name = Walter J. Schloss
| image = Walter Schloss photo.jpg
| caption =
| birth_date = August 28, 1916
| birth_place = New York, New York, U.S.
| death_date = {{Death date and age|2012|2|19|1916|8|28}}
| death_place = New York, New York, U.S.
| nationality = United States
| other_names =
| occupation = Investor, fund manager, and philanthropist
| employer =
| known_for = Working for Benjamin Graham
Investment record of annualized 15% gains
Founding Walter & Edwin Schloss Associates
| networth =
| website = www.walterschloss.com
}}Walter J. Schloss (August 28, 1916 – February 19, 2012) was an American investor, fund manager, and philanthropist. He was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing. He died of leukemia at the age of 95.[1]

Biography

Schloss did not attend college. In 1934 at the age of 18, he started work as a runner on Wall Street. Schloss took investment courses taught by Graham at the New York Stock Exchange Institute. One of his classmates was Gus Levy, the future chairman of Goldman Sachs. He eventually went to work for Graham in the Graham-Newman Partnership.

In 1955, Schloss left Graham's company and started his own investment firm, eventually managing money for 92 investors. By maintaining a manageable asset size, Schloss averaged a 15.3% compound return over the course of four and a half decades, versus 10% for the S&P 500.[2] Between 1956 and 1984, the WJS Partnership's annual compounded rate was 21.3% (16.1% for the limited partners).[3]

Schloss closed out his fund in 2000 and stopped actively managing others' money in 2003.

He served four years in the U.S. Army during World War II.

Warren Buffett named him as one of The Superinvestors of Graham-and-Doddsville, who disproved the academic position that the market is efficient, and that beating the S&P 500 was "pure chance".[3]

Warren Buffett had this to say about Schloss:

He knows how to identify securities that sell at considerably less than their value to a private owner: And that's all he does... He owns many more stocks than I do and is far less interested in the underlying nature of the business; I don't seem to have very much influence on Walter. That is one of his strengths; no one has much influence on him.[3]

Philanthropy

Schloss was the Treasurer for Freedom House,[4] and was a patron of the Tenement Museum.[5] His archive is held at Columbia University.[6]

See also

  • Value Investing
  • David Dodd
  • The Intelligent Investor
  • Security Analysis (book)
  • Warren Buffett
  • Irving Kahn

References

1. ^{{cite news|first=Laurence |last=Arnold| url=https://www.bloomberg.com/news/2012-02-20/walter-schloss-superinvestor-who-earned-buffett-s-praise-dies-at-95.html|title=Superinvestor Walter Schloss Dies at 95|publisher=Bloomberg|date=February 20, 2012|accessdate=February 20, 2012}}
2. ^Investment Leadership: Building a Winning Culture for Long-Term Success. by James W. Ware, Beth Michaels, Dale Primer. Published by John Wiley and Sons, 2003. pg. 124. {{ISBN|0-471-45333-1}}.
3. ^{{cite journal | url=http://www4.gsb.columbia.edu/null?&exclusive=filemgr.download&file_id=522 | title=The Superinvestors of Graham-and-Doddsville | last=Buffett | first=Warren | journal=Hermes: the Columbia Business School Magazine | year=2004 | pages=4–15 }}
4. ^Board of Trustees, Freedom House
5. ^Donors, Lower East Side Tenement Museum
6. ^Schloss Archives for Value Investing, The Heilbrunn Center for Graham & Dodd Investing at Columbia Business School

External links

  • [https://www.forbes.com/forbes/2008/0211/048.html Experience: Walter Schloss Cover Story on Forbes]
  • 2008 Berkshire Hathaway Meeting Transcript
  • Benjamin Graham and Security Analysis : A Reminiscence excerpt
  • Walter Schloss Presentation, The Ben Graham School of Value Investing, Richard Ivey School of Business
  • WalterSchloss.com
{{DEFAULTSORT:Schloss, Walter}}

8 : 1916 births|2012 deaths|American financial analysts|American investors|American money managers|American stock traders|Businesspeople from New York City|Stock and commodity market managers

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