Mr. Price recommends the book, There is Always Something to Do by Peter Cundhill
Peter Cundill, a philanthropist and investor whose work has been praised by the likes of Warren Buffett, found his life changed forever when he discovered the value investment principles of Benjamin Graham and began to put them into action. There’s Always Something to Do tells the story of Cundill’s voyage of discovery, with all its ups and downs, as he developed his immensely successful investment strategies. In the context of recent financial upheavals and ongoing uncertainty, Peter Cundill’s wise and frequently funny reflections are more important than ever. In a seamlessly assembled narrative drawn from interviews, speeches, and exclusive access to the daily journal Cundill kept for forty-five years, Christopher Risso-Gill outlines Cundill’s investment approach and provides accounts of his investments and the analytical process that led to their selection. A book for everyday investors as much as professional investors and investment gurus, There’s Always Something to Do offers a compelling perspective on global financial markets and on how we can avoid their worst pitfalls and grow our hard-earned capital.
John Chew: I enjoyed the book, but there are no great insights for an experienced investor. But the stories of perseverance in the face of company problems/investments are helpful.
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P.S. Mr. Price presents his approach to value investing. Use what can help YOU in YOUR OWN approach. Price practices a form of special situation investing. There are as many ways to invest as people who practice value investing.