Short version of Timeless wisdom from Walter & Edwin Schloss on stock investing (1994):1. Price matters most in relation to value.
2. Know the company's true worth - stocks represent businesses, not just paper.
3. Patience is key - stocks don’t rise immediately.
4. Avoid following tips or quick moves.
5. Be a lone thinker; scale buying & selling.
6. Stick to your convictions.
7. Don’t rush to sell - reevaluate often.
8. Emotional control (fear & greed) is crucial.
9. Focus on long-term compounding.
“Be careful of leverage. It can go against you”.
