Sunday Schloss #2

In the spirit of the Berkshire meeting this weekend these letters come from Warren himself back in 1975 and 1994. This letter contains the incredible performance Walter Schloss was able to obtain from 1955-1994. The letter contains some great humor as well:

"....a sub-lease on a portion of a closet at Tweedy, Browne and a group of partners whose names were straight from a roll call at Ellis Island, Walter strode forth to do a battle with the S&P."

"Please note that Walter's total office expense is about $11,000 compared to net income of $19 million."

Hat tip to reader Vishnu who sent me this article last week.

Buffett Letters on Walter Schloss

Publish at Scribd or explore others: