Many investors may not have heard of Walter Schloss before, but he was a fellow disciple of Benjamin Graham with Warren Buffett. More importantly, his partnership had achieved a staggering 21% CAGR from the stock market over 28 and 1/4 years.
Now that you have taken notice, you would also be amazed at his profoundly simple approach to investing. See below:
While most professional money managers focus on earnings, Schloss concentrated his purchases on asset value – and look for stocks hitting new lows and those trading at low P/B per share.
With that in mind, we check out 3 Singapore stocks which are trading at low P/B recently too.
1. Hanwell Holdings Limited (SGX:DMo)
Hanwell Holdings is a leading provider of consumer essentials as they distribute and market