Peter Cundill
Peter Lynch's Investment Guru: Peter Cundill
Full Name and Common Aliases
Peter Cundill was a renowned Canadian investor, investment manager, and stock picker. He is best known for his value investing approach and his ability to deliver exceptional returns through his firm, Cundill Value Investments.
Birth and Death Dates
Born in 1938, Peter Cundill passed away on January 30, 2019, at the age of 80.
Nationality and Profession(s)
Peter Cundill was a Canadian by nationality and held the profession of an investment manager and stock picker. He is widely regarded as one of the most successful value investors in history.
Early Life and Background
Growing up in Canada, Peter Cundill developed a keen interest in investing at a young age. He began his career in finance in the 1960s, working for various firms before establishing his own investment management company, Cundill Value Investments. Cundill's early life and background laid the foundation for his future success as an investor.
Major Accomplishments
Peter Cundill's most significant accomplishment was delivering exceptional returns to his investors through his value investing approach. He achieved a remarkable 27% annualized return from 1974 to 2002, significantly outperforming the market. This achievement made him one of the most successful investment managers in history.
Notable Works or Actions
Cundill's notable works include several books on value investing and his own investment philosophy. His book, "The Art of Value Investing: How to Win in a Changing Investment World," provides valuable insights into his approach to value investing. Through his writings, Cundill shared his knowledge and experience with investors around the world.
Impact and Legacy
Peter Cundill's impact on the investment community is immeasurable. His value investing approach has inspired countless investors and investment managers worldwide. He was a pioneer in the field of value investing, known for his contrarian views and ability to identify undervalued companies. Through his firm, Cundill Value Investments, he managed billions of dollars and delivered exceptional returns to his clients.
Why They Are Widely Quoted or Remembered
Peter Cundill is widely quoted and remembered due to his impressive investment track record and his commitment to value investing. His ability to deliver exceptional returns through a contrarian approach has made him a legend in the investment community. Many investors, including Warren Buffett's protege, Peter Lynch, have credited Cundill as an inspiration for their own investment philosophy.
In conclusion, Peter Cundill was a remarkable investor and investment manager who left an indelible mark on the world of finance. His value investing approach, his ability to deliver exceptional returns, and his commitment to contrarian views make him one of the most memorable figures in the history of investing.
Quotes by 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.
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.
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.
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.
To put money into anything, anywhere, provided that the downside is measurable and acceptable and the chances of a good profit appear to be better than 50%. I will not take gambles, but it is part of my job description to be ready to take very carefully calculated risks.
What differentiates us from other money managers with a similar style is that we’re comfortable with new lows.
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.