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accidit in puncto quod non speratur in anno

Wednesday, November 18, 2009

Walter Schloss at Jim Grant's conference

One of the best investors in many lifetimes. 65 years of investing.

Walter: I had a friend who was a therapist at a mental hospital and he asked me if I would talk to his patients about investments. And I said OK, and he introduced me and so I started to talk about investments. And after a few minutes a big fellow in the front of the audience got up and he said, "Shut up, you idiot and sit down!" I looked at my friend and I said, "What do I do?" He said, "Sit down. That's the most intelligent thing that fellow's said in months."
Posted by freddyvatoo at gmail.com at 8:18 PM
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