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Peter Cundill Quotes: 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.
         

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.


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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Even when our children are still young and defenseless, we feel intimations of their departure. We find ourselves staring at them with nostalgia, wistful for the person they're about to no longer be.

Even when our children are still young and defenseless, we feel intimations of their departure. We find ourselves staring at them with nostalgia, wistful for the person they're about to no longer be.




I would love to continue to be someone that is positive but also be someone that is objective,

I would love to continue to be someone that is positive but also be someone that is objective,



I can’t wait for the day when we’ll never have to say ‘goodbye’ to each other again.

I can’t wait for the day when we’ll never have to say ‘goodbye’ to each other again.



Being in 'Doctor Who' has been so amazing. I don't think I will ever have a job quite so fun ever again. I feel sad because I am going to leave, but with any story, it has to come to an end.

Being in 'Doctor Who' has been so amazing. I don't think I will ever have a job quite so fun ever again. I feel sad because I am going to leave, but with any story, it has to come to an end.



You know you've made it when you can dye your hair blue.

You know you've made it when you can dye your hair blue.



Is photography art?... The pure definition of the word 'art' alone is too vague today to break one's brain and soul about it. Let us take a little vacation from this word.

Is photography art?... The pure definition of the word 'art' alone is too vague today to break one's brain and soul about it. Let us take a little vacation from this word.



We must conceive of this whole universe as one commonwealth of which both gods and men are members.

We must conceive of this whole universe as one commonwealth of which both gods and men are members.



Our epoch has been called the century of work. It is in fact the century of pain, misery and corruption.

Our epoch has been called the century of work. It is in fact the century of pain, misery and corruption.



I'm motivated by solving new and challenging problems, especially ones that people say can't or shouldn't be tackled.

I'm motivated by solving new and challenging problems, especially ones that people say can't or shouldn't be tackled.




Quote Description


This page presents the quote "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.". Author of this quote is Peter Cundill. This quote is about research, house, five, investment, customers,.