>> Walter Schloss at Ivey Business School

If you have not heard of Walter Schloss, this is what Warren Buffett had this to say about Schloss: "He knows how to identify securities that sell at considerably less than their value to a private owner: And that's all he does. He owns many more stocks than I do and is far less interested in the underlying nature of the business; I don't seem to have very much influence on Walter. That is one of his strengths; no one has much influence on him."

You can read more about Walter Schloss in the cover story Forbes did in 2008: http://www.forbes.com/forbes/2008/0211/048.html

Here's a video about Walter speaking, courtesy The Ben Graham School of Value Investing, Richard Ivey School of Business:



Enjoy :-)

>> Trading Quotes / Learnings

1) Strategy & Basics
"Amaranth once sent chess sets as year-end gifts, inscribed with a quotation from the late grandmaster Alexander Kotov: “It often happens that a player carries out a deep and complicated calculation, but fails to spot something elementary right at the first move.” - From a WSJ Article {PS - I am not sure if Amaranth actually did send these chessboards}

What this means is that before you get into a long and complex strategy, check if the basics are in place. E.g. get the entire picture of the stock (technically or fundamentally), add money management and then only enter the trade. Allocating large amount of capital to a single trade will surely lead to disaster, sooner or later.