I suspect that my thinking is an eclectic mix, not pure net-net because I couldnโt do it anyway so you have to have a new something to hang your hat on. But the framework stays the same.
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 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 Cundill