Walter Schloss

Walter Jerome Schloss (August 28, 1916 – February 19, 2012) was an American investor, fund manager, and philanthropist. He was a well-regarded value investor as well as a notable disciple of the Benjamin Graham school of investing. He died of leukemia at the age of 95.

Biography Schloss did not attend college. In 1934 at the age of 18, he started work as a runner on Wall Street. Schloss took investment courses taught by Graham at the New York Stock Exchange Institute while being employed at Loeb, Rhoades & Co. One of his classmates was Gus Levy, the future chairman of Goldman Sachs. He eventually went to work for Graham in the Graham-Newman Partnership.

In 1955, Schloss left Graham's company and started his own investment firm, eventually managing money for 92 investors. Due in part to his maintaining a manageable asset size, Schloss averaged a 15.3% compound return over the course of four and a half decades, versus 10% for the S&P 500. Between 1956 and 1984, the WJS Partnership's annual compounded rate was 21.3% (16.1% for the limited partners).

Schloss closed out his fund in 2000 and stopped actively managing others' money in 2003.

He served four years in the U.S. Army during World War II.

Warren Buffett named him as one of The Superinvestors of Graham-and-Doddsville, who disproved the academic position that the market is efficient, and that beating the S&P 500 was "pure chance". and was a patron of the Tenement Museum. His archive is held at Columbia University.