---
title: "3 Cents Quotes By Peter Cundill"
description: "3 Cents quotes by Peter Cundill. Plus more from Peter Cundill and more Cents sayings from other authors."
image: "https://sms4smile.com/quotes/i/1c0/peter-cundill-18943_cents_why-will-someone-sell-you-a-dollar-for-5_425329.jpg"
---

> [Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic…](https://sms4smile.com/quotes/peter-cundill/why-will-someone-sell-you-a-dollar-for-50-cents-because-in-the-short/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

[Image](https://sms4smile.com/quotes/i/1c0/peter-cundill-18943_cents_why-will-someone-sell-you-a-dollar-for-5_425329.jpg)

> [I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.](https://sms4smile.com/quotes/peter-cundill/i-bought-stuff-at-3-5-cents-once-and-i-thought-it-can-t-go-down-to/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

[Image](https://sms4smile.com/quotes/i/67c/peter-cundill-18943_bought_i-bought-stuff-at-3-5-cents-once-and-i-t_2324970.jpg)

> [All we try to do is buy a dollar for 40 cents.](https://sms4smile.com/quotes/peter-cundill/all-we-try-to-do-is-buy-a-dollar-for-40-cents/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

[Image](https://sms4smile.com/quotes/i/d9d/peter-cundill-18943_cents_all-we-try-to-do-is-buy-a-dollar-for-40_2678522.jpg)

## Other authors on Cents

## More by Peter Cundill

> [The company must be profitable. Preferably it will have increased its earnings for the past five years and there will have been no deficits…](https://sms4smile.com/quotes/peter-cundill/the-company-must-be-profitable-preferably-it-will-have-increased-its/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [The difference between the price we pay for a stock and its liquidation value gives us a margin of safety. This kind of investing…](https://sms4smile.com/quotes/peter-cundill/the-difference-between-the-price-we-pay-for-a-stock-and-its/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [The price must be less than one half of the former high and preferably at or near its all time low.](https://sms4smile.com/quotes/peter-cundill/the-price-must-be-less-than-one-half-of-the-former-high-and/)

[Peter Cundill](https://sms4smile.com/quotes/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.](https://sms4smile.com/quotes/peter-cundill/try-to-pick-a-fund-manager-who-has-a-well-defined-strategy-has-been/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [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.](https://sms4smile.com/quotes/peter-cundill/why-will-someone-sell-you-a-dollar-for-50-cents-because-in-the-short/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.](https://sms4smile.com/quotes/peter-cundill/the-most-important-attribute-for-success-in-value-investing-is/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.](https://sms4smile.com/quotes/peter-cundill/you-find-bargains-among-the-unpopular-things-the-things-that/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When…](https://sms4smile.com/quotes/peter-cundill/when-a-stock-doubles-sell-half-then-what-you-have-is-a-free-position/)

[Peter Cundill](https://sms4smile.com/quotes/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…](https://sms4smile.com/quotes/peter-cundill/just-as-many-smart-people-fail-in-the-investment-business-as-stupid/)

[Peter Cundill](https://sms4smile.com/quotes/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…](https://sms4smile.com/quotes/peter-cundill/i-suspect-that-my-thinking-is-an-eclectic-mix-not-pure-net-net/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [The share price must be less than book value. Preferably it will be less than net working capital less long term debt.](https://sms4smile.com/quotes/peter-cundill/the-share-price-must-be-less-than-book-value-preferably-it-will-be/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [The company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.](https://sms4smile.com/quotes/peter-cundill/the-company-must-be-paying-dividends-preferably-the-dividend-will/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [Curiosity is the engine of civilisation](https://sms4smile.com/quotes/peter-cundill/curiosity-is-the-engine-of-civilisation/)

[Peter Cundill](https://sms4smile.com/quotes/author/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.](https://sms4smile.com/quotes/peter-cundill/the-price-earning-multiple-must-be-less-than-ten-or-the-inverse-of/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

> [I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose…](https://sms4smile.com/quotes/peter-cundill/i-think-that-intelligent-forecasting-company-revenues-earnings-etc/)

[Peter Cundill](https://sms4smile.com/quotes/author/peter-cundill/)

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