Edwin Schloss was the son in the father and son duo of Walter and Edwin Schloss Associates -- one of the very best investment partnerships. Walter Schloss started the partnership in the 1950s when he left Ben Graham and Edwin came on board in the 1970s.
This Bloomberg piece describes Edwin's adventures investing in Broadway productions. It doesn't equal his success in picking stocks but you can detect the guy's passion for the theater:
Schloss grew up in New York City, attending plays and musicals. Although he studied playwriting at North Carolina School of the Arts, he was unsure about his own talent and joined the investing firm founded by his father, Walter Schloss.
Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc., is a former colleague of the elder Schloss, who's now 90. Some 30 years ago, Buffett privately advised Edwin Schloss against Broadway investing.
"He told me, `If the music is wonderful, with the best script in the world and the most gifted cast, just shut your eyes and say no.' I should've listened to him,'' Schloss recalled.
Philip Boroff pens a neat article. Be sure to read it.