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   Schloss Family Business papers 1957-2003

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Preferred Citation

Identification of specific item; Date (if known); Schloss Family Business Papers; Box and Folder; Rare Book and Manuscript Library, Columbia University Library.

COinS Metadata available (e.g., for Zotero).

Summary Information

Abstract

The collection consists of business and financial reports, portfolio statements, correspondence, articles, and legal documents created by or maintained by Walter Schloss in the course of his business career. In particular there is correspondence with Warren Buffet and articles written by and about Benjamin Graham.

At a Glance

Call No.:MS#1852
Bib ID:12851449 View CLIO record
Creator(s):Schloss, Walter J.
Title:Schloss Family Business papers 1957-2003
Physical description:3.55 linear ft. (8 document boxes, 1 half-size document box)
Language(s): Materials entirely in English.
Access: This collection is located off-site. You will need to request this material at least two business days in advance to use the collection in the Rare Book and Manuscript Library reading room. This collection has no restrictions.  More information »

Arrangement

Arrangement

Organized into 1 series: I. Schloss Family Business Papers

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Description

Scope and Content

This collection documents business and legal activities of Walter Schloss and his company from the late 1950s through the early 2000s. It also contains lectures and writings by and about his mentor, Benjamin Graham and personal correspondence with his friend Warren Buffett.

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Using the Collection

Offsite

Access Restrictions

 This collection is located off-site. You will need to request this material at least two business days in advance to use the collection in the Rare Book and Manuscript Library reading room.

This collection has no restrictions.

Restrictions on Use

Single photocopies may be made for research purposes. The RBML maintains ownership of the physical material only. Copyright remains with the creator and his/her heirs. The responsibility to secure copyright permission rests with the patron.

Accrual Information

No additions are expected.

Preferred Citation

Identification of specific item; Date (if known); Schloss Family Business Papers; Box and Folder; Rare Book and Manuscript Library, Columbia University Library.

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About the Finding Aid / Processing Information

Columbia University Libraries. Rare Book and Manuscript Library; machine readable finding aid created by Columbia University Libraries Digital Library Program Division

Processing Information

Papers processed by Molly Boord (GS 2021) Fall 2017.

Finding aid written by Jocelyn Wilk October 2017.

Machine readable finding aid generated from MARC-AMC source via XSLT conversion November 4, 2017 Finding aid written in English.
    2017-11-04 File created.

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Subject Headings

The subject headings listed below are found in this collection. Links below allow searches at Columbia University through the Archival Collections Portal and through CLIO, the catalog for Columbia University Libraries, as well as ArchiveGRID, a catalog that allows users to search the holdings of multiple research libraries and archives.

All links open new windows.

Genre/Form

HeadingCUL Archives:
Portal
CUL Collections:
CLIO
Nat'l / Int'l Archives:
ArchiveGRID
ArticlesPortalCLIOArchiveGRID
AuditsPortalCLIOArchiveGRID
CorrespondencePortalCLIOArchiveGRID
LecturesPortalCLIOArchiveGRID
ProspectusPortalCLIOArchiveGRID
ReportsPortalCLIOArchiveGRID

Subjects

HeadingCUL Archives:
Portal
CUL Collections:
CLIO
Nat'l / Int'l Archives:
ArchiveGRID
Buffett, WarrenPortalCLIOArchiveGRID
Graham, Benjamin, 1894-1976PortalCLIOArchiveGRID
Investment advisorPortalCLIOArchiveGRID

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History / Biographical Note

Biographical Note

Walter Schloss was a direct student of Benjamin Graham, and is one of the “Super Investors” mentioned by Warren Buffett in his famous essay, The Super Investors of Graham-And-Doddsville. Schloss was born in 1916 and passed away in 2012 at the age of 95. Schloss never went to college and at 18 years old, he worked as a runner for on Wall Street at Carl M. Loeb & Co. One day, a partner of the company, Armand Erpf, recommended that Schloss read “Security Analysis” by Graham and David Dodd, which had been published a year earlier. The firm then paid for Schloss to take two courses with Graham.

Schloss eventually went to work for the Graham-Newton Partnership and in 1955 Schloss launched his own value fund. Schloss stopped actively managing other people’s money in 2003. He then became a treasurer for the Freedom House, a non-profit group devoted to furthering democracy and human rights. 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.

Upon Schloss’ death, Buffett, who was a close friend for more than 60 years released the following statement: “He had an extraordinary investment record, but even more important, he set an example for integrity in investment management. Walter never made a dime off of his investors unless they themselves made significant money. He charged no fixed fee at all and merely shared in their profits. His fiduciary sense was every bit the equal of his investment skills.”

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