Here's an interview of Schloss in Forbes: http://www.forbes.com/forbes/2008/0211/048.html Here's a video interview he did in Jan '08: http://vinvesting.com/walter-schloss-talks-investing
Sometimes even my Swiss forex Broker/Manager loses investors because many investors want profit of 100% p.a. for many years. 100% profit p.a is possible & even achieved but there is no guarantee/assurance for it. These people get greedy and forget the Basic principle that long-term High profits is difficult but not impossible. He has for past 8 years paid average profit of +34% p.a. (without compounded interest). January 2008 to November 2008 profit is +155%. He trades with Maximum risk of 5% per new trade (conservative risk structure) and has 30 years of experience in forex. That's a great achievement.
Or its mostly his friends and familys money and doesn't want to deal with the bullshit outside that. Its pretty ammusing though, "only 40 million AUM"...as if the guy is living in the poor house. Typical delusional ET guy or spoiled street brat.
$40M after 10yrs is not much, given admin, audit and legal fees, not to mention there are a few ppl that draw a salary... Yes its a living, I'm sure.