Bought Quote by Peter Cundill
“I bought stuff at 3.5 cents once and I thought it can’t go down to zero. It can.”
About This Quote
Even extremely low prices can drop further, reminding investors that markets can go to zero.
In simple terms: Prices can fall to zero.
Key Takeaway
Expect price volatility.
Themes
investment
risk
valuation
Mood
cautious
analytical
Type
financial
warning
When to use this quote
- stock trading
- commodity markets
- cryptocurrency
Key Concepts
market dynamics
price floor
Questions to Reflect On
- What safeguards do you use?
- How do you assess downside risk?
A Different Perspective
Assuming a floor can cause losses.
