Christopher Risso-gill > Quotes

“MOST IMPORTANT ATTRIBUTE FOR SUCCESS IN VALUE INVESTING IS PATIENCE, PATIENCE, AND MORE PATIENCE. THE MAJORITY OF INVESTORS DO NOT POSSESS THIS CHARACTERISTIC.”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“I’m convinced that to achieve real greatness a person needs above all to have passion but at the same time immense discipline, concentration, patience and an unshakeable determination to become a master of his craft.”
― Christopher Risso-gill, Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist

“saints always have a past and sinners always have a future,”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“People in France were throwing fire bombs, there was a general strike, and live pictures of all this were to be viewed on every television news channel and that is often a good time to buy securities.”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“One of the essential traits of the successful “vulture” value investor is instinct. One needs not just to smell the lion’s carcass from afar but to be able to imagine that the bees may have made honey inside it.”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“Sooner or later the market will do what it has to do to prove the majority wrong. And:”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“Intellectually active people are particularly attracted to elegant concepts, which can have the effect of distracting them from the simpler, more fundamental, truths. What”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“Forecasting should be used as a device to put both problems and opportunities into perspective. It is a management tool, but it can never be a substitute for strategy, nor should it ever be used as the primary basis for portfolio investment decisions.”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach

“statistical overvaluation is a funny thing – it can go on for a very long time, far beyond the limits of rationality, and it is a problem for the value investor in two ways: it can tempt one to compromise standards on the buy side and it may lure one into selling things far too early.”
― Christopher Risso-gill, There's Always Something to Do: The Peter Cundill Investment Approach