“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
“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.” Has BeensMadeRealityRunningTogetherNamesIndividualCasesRecordsDoorsProductsBuiltInstitutionsInvestingDefinedHopefullyVisibleWorking TogetherDictatorCommitteesFrameworkOutstandingBenevolentGood Records Author:Peter Cundill
“You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.” HateKeysBargainsHaving Patience Author:Peter Cundill
“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.” PeopleFailingEffectsStupidSmartConceptsFundamentalsInvestmentActiveElegantSmart People Author:Peter Cundill
“Sooner or later, the market will do what it has to do to prove the majority wrong.” ProveMajoritySooner Or Later Author:Peter Cundill
“I’m lucky to have the kind of life where the differentiation between work and play is absolutely zilch. I have no idea whether I’m working or whether I’m playing.” KindIdeasPlayLuckyNo IdeaDifferentiationWork And Play Author:Peter Cundill
“Marketers can target Sponsored Updates to any segment of our premium audience based on professional profile data across more than 225 million members.” MillionsAudienceMembersDataTargetProfileMarketersPremiumUpdates Author:David Hahn