WALTER SCHLOSS

Try to buy assets at a discount rather than buying earnings. Earnings can change dramatically in a short time.

Don't be in too much of a hurry to sell.

I like buying companies that have low debt. I don't like businesses that owe a lot of money.

Remember the power of compounding. You don't need to make spectacular returns to build real wealth.

I'm not smarter than the market. I'm just more patient.

If a stock is cheap enough, I don't need to know the story. The balance sheet tells me everything I need.