Home / Quotes / Quote by Peter Cundill

Quote by Peter Cundill

“The share price must be less than book value. Preferably it will be less than net working capital less long term debt.”

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

You May Also Like

“The price must be less than one half of the former high and preferably at or near its all time low.”

Half Lows All Time Former One Half All Time Low

Author:Peter Cundill

“The price earning multiple must be less than ten or the inverse of the long term corporate bond rate, whichever is the less.”

Long Term Ten Rate Corporate Long Term Multiple Earning Inverse Corporate Bond

Author:Peter Cundill

“The company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits over that period.”

Years Has Beens Past Company Five Periods Five Years Earning Deficit Profitable

Author:Peter Cundill

“The company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.”

Has Beens Company Paid Dividends

Author: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 required.”

Ifs Long Term Rooms Position Balance Including Debt Long Term Sheets Employed Financing Balance Sheets

Author:Peter Cundill

“In every analysis you need to isolate what the real assets are and you must not forget to examine the franchise to do business, to review the character and competence of the management and to estimate the outcome if the whole business had to be turned into cash.”

Ifs Needs Real Whole Character Forget Management Analysis Outcomes Assets Reviews Cash Competence

Author: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 simply on the basis of past history. We focus on liquidation analysis and liquidation analysis alone.”

Should Trying Mind Past Focus Bases Investment Saint Analysis Sinner Comment Oscars Wilde

Author:Peter Cundill

“I never, ever would or did rob anyone in my life.”

Author:Robert Iler

“If it is cheap enough, we don't care what it is.”

Ifs Enough Care Don't Care

Author: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.”

People Running Sides Sells Dollars Optimistic Cents Irrational Pessimistic

Author:Peter Cundill