MadCrash_X

Analyzing capital markets & flows.

[MadCrash_X @MadCrash_X]

https://t.co/uEk1VMnXKN

[MadCrash_X @MadCrash_X]

@charlotte_sct Proof beats skepticism every single time

[MadCrash_X @MadCrash_X]

A 92-year-old man with no computer and no analysts sat down in front of one MBA class and explained how he beat the stock market for forty-five years straight.

He did it for free.

Almost no one has watched it since.

His name was Walter Schloss. He started on Wall Street in 1934, at eighteen, in the middle of the Great Depression. A year later he took Benjamin Graham's Security Analysis course at Columbia. Graham hired him onto his own team in 1946. In 1955, Schloss started his own fund out of a one-room office, with nothing but Moody's manuals for research.

From 1956 to 2000, he compounded money at 15.3% a year against 11.5% for the market, over forty-five years, losing money in exactly two of them.

The lecture was arranged by a professor at the Ben Graham Centre for Value Investing at the Richard Ivey School of Business. No slides, no notes. Just a ninety-two-year-old man telling a room of MBA students how not to lose money.

His entire method fits in a handful of rules.

Buy stocks trading below tangible book value. Avoid companies carrying real debt. Never talk to management, because it only clouds your judgment. Hold fifteen to twenty positions at once instead of betting big on one. Selling is harder than buying, and the higher a stock climbs, the more it should scare you.

He repeated some version of one line roughly ten times in that lecture.

"Do not lose money."

Hedge funds today run teams of analysts and Bloomberg terminals chasing what Schloss did alone with paper manuals and one room.

Warren Buffett once singled him out by name as one of the greatest investors he'd ever known. Almost nobody else has ever heard of him.

Schloss died four years after this lecture, at ninety-five. Forty-five years in the market. Two losing years.

[MadCrash_X @MadCrash_X]

https://t.co/uEk1VMnXKN

[MadCrash_X @MadCrash_X]

@tigerfl0w A 10% average return means almost nothing without knowing the volatility and sequence behind it. The statement "I average 10%" can hide a very different reality.

[MadCrash_X @MadCrash_X]

@0gMirren A competitive market rewards the best company. Crony capitalism rewards the company with the best connections

[MadCrash_X @MadCrash_X]

@Potatxxl Most people don't have a time problem. They have a priority problem disguised as a time problem.

[MadCrash_X @MadCrash_X]

@0xNiko1 How many times have you folded a “bad hand” that the situation was actually begging you to shove?

[MadCrash_X @MadCrash_X]

@Caeluxbt The exponential ones — capital and scalable code — stay unused.

[MadCrash_X @MadCrash_X]

@mindarchx people will overpay $43 to avoid a bet that pays them $12.50 on average,then do the same thing with insurance their whole lives

[MadCrash_X @MadCrash_X]

@lorneseth a 50% drop needs a 100% climb just to break even.. leverage turns a temporary drawdown into a permanent exit

[MadCrash_X @MadCrash_X]

@SeriousSam8x he just refused to lose money and let compounding finish the job

[MadCrash_X @MadCrash_X]

@Nezukoa4 simple strategies don’t fail because they’re wrong..

[MadCrash_X @MadCrash_X]

@VoltexGar central limit theorem in a trench coat.. then suddenly “comment SEND for my free bot that turned $69 into $250k”

[MadCrash_X @MadCrash_X]

A 92-year-old man with no computer and no analysts sat down in front of one MBA class and explained how he beat the stock market for forty-five years straight.

He did it for free.

Almost no one has watched it since.

His name was Walter Schloss. He started on Wall Street in 1934, at eighteen, in the middle of the Great Depression. A year later he took Benjamin Graham's Security Analysis course at Columbia. Graham hired him onto his own team in 1946. In 1955, Schloss started his own fund out of a one-room office, with nothing but Moody's manuals for research.

From 1956 to 2000, he compounded money at 15.3% a year against 11.5% for the market, over forty-five years, losing money in exactly two of them.

The lecture was arranged by a professor at the Ben Graham Centre for Value Investing at the Richard Ivey School of Business. No slides, no notes. Just a ninety-two-year-old man telling a room of MBA students how not to lose money.

His entire method fits in a handful of rules.

Buy stocks trading below tangible book value. Avoid companies carrying real debt. Never talk to management, because it only clouds your judgment. Hold fifteen to twenty positions at once instead of betting big on one. Selling is harder than buying, and the higher a stock climbs, the more it should scare you.

He repeated some version of one line roughly ten times in that lecture.

"Do not lose money."

Hedge funds today run teams of analysts and Bloomberg terminals chasing what Schloss did alone with paper manuals and one room.

Warren Buffett once singled him out by name as one of the greatest investors he'd ever known. Almost nobody else has ever heard of him.

Schloss died four years after this lecture, at ninety-five. Forty-five years in the market. Two losing years.

[MadCrash_X @MadCrash_X]

@kushe_ToVi one room, a Moody’s manual, and 45 years of beating the market..

[MadCrash_X @MadCrash_X]

@XXIfomo norway found oil twice.. once under the sea, once in the markets and somehow still figured out pay packages better than most us boards

[MadCrash_X @MadCrash_X]

@Frezzwnie he gave away the entire psychology playbook for free.. the same stuff ad agencies and hr consultants charge fortunes for

[MadCrash_X @MadCrash_X]

@sspriint How many deals happening today will look just as obvious in hindsight?

[MadCrash_X @MadCrash_X]

@tsukiema_ $500K salaries built on math most people won't spend an afternoon learning

[MadCrash_X @MadCrash_X]

@andreysuperior At what point does inequality stop being an economic problem and become a public health problem?

[MadCrash_X @MadCrash_X]

@Nezukoa4 It’s wild how quickly a fictional death turned into a real-world market event.