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Quote by 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 effective ways of achieving good long term results.”

Quote by Peter Cundill

Author

Peter Cundill was a prominent investor in the financial industry, whose investment philosophy and strategies had a profound impact on global investors. more

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“To my knowledge there are no good records that have been built by institutions run by committee. In almost all cases the great records are the product of individuals, perhaps working together, but always within a clearly defined framework. Their names are on the door and they are quite visible to the investing public. In reality outstanding records are made by dictators, hopefully benevolent, but nonetheless dictators.”

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“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.”

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

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