2008 Ivey Value Investing Classes Guest Speaker: Walter J. Schloss

In this Q&A podcast, Walter J. Schloss discusses his value investing strategy, emphasizing the importance of buying stocks at new lows with minimal debt and strong book value, while also highlighting the significance of avoiding emotional decisions and focusing on historical financials rather than management charm. Schloss shares anecdotes about his early career, his relationship with Benjamin Graham, and his experiences in the stock market, offering insights on minimizing mistakes, managing risk, and maintaining ethical standards in the investment world. He also touches on diversification, asset allocation, and the challenges of identifying good values in an efficient market, stressing the need for honesty and a calm, unemotional approach to investing.