Walter Schloss: Making money out of junk

Walter Schloss made 21% per year for 47 years, investing in a simple, methodical, low stress manner working 9-4:30 with no other employees or assistants other than his son Edwin.

Here are some key takeaways from the interesting Forbes piece:

• Focus on cheap stocks. This means not worrying about earnings at the moment, only asset protection.
• You have three things in your favor here:
• Earnings turn around and the stock appreciates significantly
• Someone buys control of the company (buyout)
• The company begins buying its own stock (share-buyback)

Read the whole article here:

http://basehitinvesting.com/wp-content/uploads/2012/11/Making-Money-Out-of-Junk.pdf

http://basehitinvesting.com/walter-schloss-1973-forbes-article-two-ways-to-outperform-the-market/?fbclid=IwAR3Qv5txUFIKimx75SCguoZdeODT6Wu79-tC3CJ6EAlSBmakr0g1KrGGHCY