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

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

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

Sooner or later, the market will do what it has to do to prove the majority wrong.

- 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 …

- Peter Cundill

There is always something to do. You just need to look harder, be creative and a little flexible.

- Peter Cundill

Protect the downside. Worry about the margin of safety.

- 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…

- 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.

- Peter Cundill