You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.
Peter CundillThere is always something to do. You just need to look harder, be creative and a little flexible.
Peter CundillThe share price must be less than book value. Preferably it will be less than net working capital less long term debt.
Peter CundillTo 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 names are on the door and they are quite visible to the investing public. In reality outstanding records are made by dictators, hopefully benevolent, but nonetheless dictators.
Peter Cundill