Walter Schloss had a phenomenal track record over many decades. His accounts returned profits almost every year, so the amount he managed stayed small. His approach is a good one for individual investors. he would buy cheaply and average down. However, now might be a difficult time to practice his approach with many sectors of the market lacking a margin of safety unless you delve into (horrificly cyclical) certain mining companies, oil-drillers, and community banks. But if you are interested in the deep value approach, you must study Schloss. Does your personality match his approach?
Walter Schloss Lecture: http://youtu.be/v-7e_97icWY
Learning from Schloss (excellent review) http://youtu.be/5KM9eY7BbzA
What do YOU think?