Peter Cundill Quotes

Peter Cundill Quotes: 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.
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Peter Cundill Quote: 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.
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Quotes about Peter Cundill: The share price must be less than book value. Preferably it will be less than net working capital less long term debt.
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Quote about 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.
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Peter Cundill Sayings: 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.
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Peter Cundill Saying: The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.
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Sayings about 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.
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