They really canโt afford to be contrarians. A major investment house canโt afford to do research for five customers who wonโt generate a lot of commissions.
Peter CundillWhat differentiates us from other money managers with a similar style is that weโre comfortable with new lows.
Peter CundillTo 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.
Peter Cundill