The Intelligent Investor - The Definitive Book On Value Investing

TABLE 1 Walter J. Schloss 1956

7.5

5.1

6.8

Standar

d & Poor’s 28

1 ⁄^4

year compounded gain

887.2%

1957

–10.5

–4.7

–4.7

1958

42.1

42.1

54.6

WJS Limited Partners 28

1 ⁄^4

year compounded gain

6,678.8%

1959

12.7

17.5

23.3

1960

–1.6

7.0

9.3

WJS Partnership 28

1 ⁄^4

year compounded gain

23,104.7%

1961

26.4

21.6

28.8

1962

–10.2

8.3

11.1

Standar

d & Poor’s 28

1 ⁄^4

year annual compounded rate

8.4%

1963

23.3

15.1

20.1

1964

16.5

17.1

22.8

WJS Limited Partners 28

1 ⁄^4

year annual compounded rate

16.1%

1965

13.1

26.8

35.7

1966

–10.4

0.5

0.7

WJS Partnership 28

1 ⁄^4

year annual compounded rate

21.3%

1967

26.8

25.8

34.4

1968

10.6

26.6

35.5

During the history of the Partnership it has owned over 800 issuesand, at most times, has had at least 100 positions. Present assets undermanagement approximate $45 million. The difference between returnsof the partnership and returns of the limited partners is due to alloca-tions to the general partner for management.

S&P

OverallGain,IncludingDividends

(%)

WJS LtdPartnersOverall

Gain

per year

(%)

WJS

Partnership

OverallGainper year

(%)

Year