Legendary US value investor Walter Schloss died on February 19, 2012, at the age of 95.
Warren Buffett wrote about him: "Walter never made a dime off of his investors unless they themselves made significant money. He charged no fixed fee at all and merely shared in their profits. His fiduciary sense was every bit the equal of his investment skills."
His investment style was based on sheer hard work: "The Schloss theory of investing, passed from father to son, involved minimal contact with analysts and company management and maximum scrutiny of financial statements, with particular attention to footnotes."