There will be losing years; but if the art of making money is not to lose it, then there should not be substantial losses.
Peter CundillWhy will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side.
Peter CundillI try to keep in mind Oscar Wilde's comment that "saints always have a past and sinners always have a future," so no investment should be ruled out simply on the basis of past history. We focus on liquidation analysis and liquidation analysis alone.
Peter Cundill