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Peter Cundill: An Investing Book Discussion
Manage episode 383927363 series 3468764
This is a discussion about the book, Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist by Christopher Risso-Gill.
I discussed the book with Nelson, also known as The Canadian Dividend Investor. Nelson is a returning guest to the podcast and I thought he would be an ideal person to discuss this book with.
Peter Cundill was a value investor who achieved a 15% rate of return from 1974 to 2010. This was a period of time when the US stock market returned 9.6% and international stocks returned 7.7%.
Cundill employed a deep value style of investing and emphasized low price-to-book stocks and net-net’s. He even had NET-NET on his license plate.
He started his fund after reading about Warren Buffett and Benjamin Graham in the book Supermoney on a flight in 1974.
He is an extremely unique character who lived life to the fullest. He was a world traveler who made it a point every year to visit the country with the worst-performing stock market so he could analyze it for opportunities.
He was deeply devoted to physical fitness and routinely ran marathons well into his 50s. His philosophical thoughts about life in his journals are extremely thought provoking.
He passed away in 2011 at the age of 72 due to a neurological disease called Fragile X.
Links
* The book, Routines and Orgies: https://www.amazon.com/Routines-Orgies-Financial-Philosopher-Philanthropist-ebook/dp/B00QB6Y080
* A shorter book about Cundill, There’s Always Something to Do, which focuses more on his investment career: https://www.amazon.com/Theres-Always-Something-Christopher-Risso-Gill-ebook/dp/B00CS5BR9S/
* Nelson’s substack:
* The first episode with Nelson where we discussed his approach to investing:
Disclaimer
Nothing on this substack is investment advice.The information in this article is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.
Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.
The information contained in this article is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.
Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this website.
This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe
75 епізодів
Manage episode 383927363 series 3468764
This is a discussion about the book, Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist by Christopher Risso-Gill.
I discussed the book with Nelson, also known as The Canadian Dividend Investor. Nelson is a returning guest to the podcast and I thought he would be an ideal person to discuss this book with.
Peter Cundill was a value investor who achieved a 15% rate of return from 1974 to 2010. This was a period of time when the US stock market returned 9.6% and international stocks returned 7.7%.
Cundill employed a deep value style of investing and emphasized low price-to-book stocks and net-net’s. He even had NET-NET on his license plate.
He started his fund after reading about Warren Buffett and Benjamin Graham in the book Supermoney on a flight in 1974.
He is an extremely unique character who lived life to the fullest. He was a world traveler who made it a point every year to visit the country with the worst-performing stock market so he could analyze it for opportunities.
He was deeply devoted to physical fitness and routinely ran marathons well into his 50s. His philosophical thoughts about life in his journals are extremely thought provoking.
He passed away in 2011 at the age of 72 due to a neurological disease called Fragile X.
Links
* The book, Routines and Orgies: https://www.amazon.com/Routines-Orgies-Financial-Philosopher-Philanthropist-ebook/dp/B00QB6Y080
* A shorter book about Cundill, There’s Always Something to Do, which focuses more on his investment career: https://www.amazon.com/Theres-Always-Something-Christopher-Risso-Gill-ebook/dp/B00CS5BR9S/
* Nelson’s substack:
* The first episode with Nelson where we discussed his approach to investing:
Disclaimer
Nothing on this substack is investment advice.The information in this article is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.
Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.
The information contained in this article is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.
Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this website.
This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe
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