“There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.” Quote by Peter Cundill
“We always look at the margin of safety in the balance sheet and then worry about the business.” LooksWorryBalanceSafetySheetsMarginsBalance Sheets Author:Peter Cundill
“There is always something to do. You just need to look harder, be creative and a little flexible.” NeedsLooksLittlesCreativeHarderBe CreativeFlexible Author:Peter Cundill
“What differentiates us from other money managers with a similar style is that we’re comfortable with new lows.” StyleComfortableLowsManagersDifferentiate Author: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.” WayGivingKindLongValuesTermDifferencesResultsPayAchieveSafetyInvestingLong TermMarginsGood Long Author:Peter Cundill
“They really can’t afford to be contrarians. A major investment house can’t afford to do research for five customers who won’t generate a lot of commissions.” HouseFiveMajorsResearchInvestmentCustomers Author:Peter Cundill
“I suspect that my thinking is an eclectic mix, not pure net-net because I couldn’t do it anyway so you have to have a new something to hang your hat on. But the framework stays the same.” ThinkingPureHatsSuspectsFrameworkEclectic Author:Peter Cundill
“Try to pick a fund manager who has a well-defined strategy, has been through these things before, and go invest and stay with him.” TryingWellsHas BeensPicksStrategyDefinedManagersFund Author:Peter Cundill
“I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.” StuffZeroCents Author:Peter Cundill