Just as many smart people fail in the investment business as stupid ones. Intellectually active people are particularly attracted to elegant concepts, which can have the effect of distracting them from the simpler, more fundamental truths.
Sooner or later, the market will do what it has to do to prove the majority wrong. - Peter Cundill
Sooner or later, the market will do what it has to do to prove the majority wrong.
- Peter Cundill
I try to keep in mind Oscar Wilde's comment that "saints always have a past and sinners always have a future," so no investment should be ruled out s… - Peter Cundill
I try to keep in mind Oscar Wilde's comment that "saints always have a past and sinners always have a future," so no investment should be ruled out s…
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able… - Peter Cundill
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able…
The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most … - Peter Cundill
The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing is one of the most …
There is always something to do. You just need to look harder, be creative and a little flexible. - Peter Cundill
There is always something to do. You just need to look harder, be creative and a little flexible.
When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual cir… - Peter Cundill
When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual cir…
Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side. - Peter Cundill
Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side.
Protect the downside. Worry about the margin of safety. - Peter Cundill
Protect the downside. Worry about the margin of safety.
Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if r… - Peter Cundill
Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if r…
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