Inside the mind of a value investing legend: Walter Schloss

SINGAPORE (Apr 23): Most of us have probably never heard of the late Walter Schloss. His name is synonymous with conservative, contrarian and successful investing. Warren Buffett, in his article titled “The Superinvestors of Graham-and-Doddsville”, has praised Schloss as a “superinvestor”. Through­out his career, he maintained a low profile, working alone from a sub-leased closet size space at Tweedy, Brown & Co.

He never attended college and started his career as a runner on Wall Street at the age of 18. Schloss took up a class conducted by Benjamin Graham and, some years later, became his disciple. In 1955, Schloss founded Walter & Edwin Schloss Associates, an investment partnership that has consistently delivered 15.3% returns after fees against the Standard & Poor’s 500’s 10% for 4½ decades.

In this article, we will stand on the shoulders of this giant to see what he saw. We will discuss his philosophy and how Aggregate Asset Management has adopted some of his valuable principles. We will also dissect and backtest his strategy in the Asian markets.

---

Related Stories

• Aggregate Asset Management partners private exchange ADDX to list diversified deep-value equity fund
• Together in electric dreams
• The final countdown

---