Walter Schloss – Part one: Introduction
Just like Seth Klarman, Walter Schloss’ success is virtually unknown outside of value circles. However, just like Klarman, Schloss’ returns over the past few decades were nothing short of impressive.
From 1955 to 2002, by Schloss’ estimate, his investments returned 16% per annum on average after fees, compared with 10% for the S&P 500 over the period — these figures do vary marginally depending upon the source — Schloss’ returns up to the year 2000 compared to the S&P 500 can be seen in the chart below.
Read the rest of the article and follow the series here: http://www.valuewalk.com/2014/12/walter-schloss-part-one-introduction-master-deep-value/