When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.
Peter CundillThe company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.
Peter CundillThey 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 CundillWe always look at the margin of safety in the balance sheet and then worry about the business.
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