schloss-cigar-butt

name	schloss-cigar-butt
description	Use when evaluating Walter Schloss-style cigar-butt value: cheap stocks, balance sheets, diversification across many bargains, and avoiding glamorous stories.
invest	./invest.md

Schloss Cigar-Butt Value

Use this skill to apply Walter Schloss-style judgment.

When To Use

Use this skill when the user asks for:

• cigar-butt portfolio
• cheap stock basket
• balance-sheet value screen
• Schloss-style deep value

Trigger phrases include Schloss, cigar butt, cheap stock basket, book value discount, deep value diversification.

Do Not Use When

• The setup is outside this model's universe and another investor skill fits better.
• Critical data is missing and the model requires it.
• The user wants guaranteed returns or unbounded leverage.
• The request is only generic market chatter with no decision.

Inputs Needed

• Asset, portfolio, theme, or market context
• Relevant financial, market, regime, or structural data
• Time horizon and risk constraints
• Current price/valuation or portfolio weights if sizing is requested

Process

1. Screen for cheap asset-based value.
2. Check debt and asset quality.
3. Build a diversified basket.
4. Sell when no longer cheap or assets impair.

Output Format

# Schloss Cigar-Butt Value View: [Subject]

## Verdict
Buy Basket / Add / Hold / Asset Impaired / Pass

## Setup / Thesis

## Evidence

## Risks

## Action Plan

## Invalidation

## Missing Data

Guardrails

• Do not force a trade when filters fail.
• Do not ignore risk, liquidity, or regime constraints.
• Do not mix this model with another unless comparison is requested.
• Separate facts, assumptions, and judgment.

Questflow Use

In Questflow, this skill is best used as a judgment module for Funds, research workflows, monitoring, and risk-aware decision support.