---
title: "1 Great Records Quotes By Peter Cundill"
description: "1 Great Records quotes by Peter Cundill. Plus more from Peter Cundill and more Great Records sayings from other authors."
image: "https://sms4smile.com/quotes/i/f31/peter-cundill-18943_benevolent_to-my-knowledge-there-are-no-good-record_3121850.jpg"
---

> [To my knowledge there are no good records that have been built by institutions run by committee. In almost all cases the great records are the product of individuals, perhaps working together, but always within a clearly defined framework. Their…](https://sms4smile.com/quotes/peter-cundill/to-my-knowledge-there-are-no-good-records-that-have-been-built-by/)

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

[Image](https://sms4smile.com/quotes/i/f31/peter-cundill-18943_benevolent_to-my-knowledge-there-are-no-good-record_3121850.jpg)

## 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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