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Peter Cundill Quotes: I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.
         

I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.


Peter Cundill
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Other quotes of Peter Cundill


You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.

You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.



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.

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.



When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.

When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.



There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.

There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.



The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.

The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.



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

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



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

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



Protect the downside. Worry about the margin of safety.

Protect the downside. Worry about the margin of safety.



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

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



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

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





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David looked at her and smiled. "I think you have to feel comfortable being alone with yourself before you truly know who you are and can feel comfortable being yourself with others.

David looked at her and smiled. "I think you have to feel comfortable being alone with yourself before you truly know who you are and can feel comfortable being yourself with others.



A gullible dreamer is better than an expert doubter.

A gullible dreamer is better than an expert doubter.



You can not buy or drug or dream your way out of pain.

You can not buy or drug or dream your way out of pain.



To educate a man in mind and not in morals is to educate a menace to society.

To educate a man in mind and not in morals is to educate a menace to society.



Religions cannot change you. If you are angry, you will become an angry Muslim or Hindu. If you are righteous, you will become a righteous Christian or Jew.

Religions cannot change you. If you are angry, you will become an angry Muslim or Hindu. If you are righteous, you will become a righteous Christian or Jew.



Look, I've got incredible pride for my family. I've absolutely fallen into that cliche of a dad who could just happily talk about my daughter endlessly.

Look, I've got incredible pride for my family. I've absolutely fallen into that cliche of a dad who could just happily talk about my daughter endlessly.



I know that I'm a real writer because sometimes I write a story just because I want to; not because someone's told me to.

I know that I'm a real writer because sometimes I write a story just because I want to; not because someone's told me to.



But for a few phrases from his letters and an odd line or two of his verse, the poet walks gagged through his own biography.

But for a few phrases from his letters and an odd line or two of his verse, the poet walks gagged through his own biography.



Explaining why President Bush wasn't following up on his campaign pledge that there would be no loss of wetlands: He didn't say that. He was reading what was given to him in a speech.

Explaining why President Bush wasn't following up on his campaign pledge that there would be no loss of wetlands: He didn't say that. He was reading what was given to him in a speech.



Fame, they tell you, is air; but without air there is no life for any; without fame there is none for the best.

Fame, they tell you, is air; but without air there is no life for any; without fame there is none for the best.




Quote Description


This page presents the quote "I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.". Author of this quote is Peter Cundill. This quote is about cents, stuff, zero,.