How a global value manager scaled great heights morningstar. The book was to be written by peter cundill himself, but as his health deteriorated, he had no choice but to ask the author, russi gill, his friend of over three decades, to write on his behalf. The professor of global history at oxford university peter frankopan, bestselling author of the silk roads, will chair the jury for the 2020 cundill history prize. He invested in european and japanese stocks before it was popular to do so as a foreigner.
He then qualified as a chartered accountant 1963 and a chartered financial analyst charter holder 1968, which lead to a career in the investment management business. The book gives us cundills regular diet of reading, and i thing youll find it of interest. I just finished theres always something to do and enjoyed the book. Oxford university professor peter frankopan, bestselling author of the silk roads bloomsbury, will chair the jury for the 2020 cundill history prize the awardwinning, critically acclaimed. Peter cundills top book recommendations for investors. The best source of information on peter cundill, though, is the 2011 biography written by christopher rissogill. Peter cundill found wealth where others feared to tread. The prize annually seeks out scrupulous historical evocations interpreted in the most readable voices for a world that today seems to be losing its memory and rummaging. It was super money that 35yearold investor peter cundill read during a plane trip in 1973. Cundill died recently and this book pieces his life as a value investor from a collection of personal diaries. Discount to liquidation value via jason boole, boole microcap fund theres always something to do. He was known to outperform the market without many down years, doing extremely well when the market underwhelmed. He completed a bachelor of commerce degree from mcgill university in 1960. The something peter cundill will do today seeking alpha.
Whats even more startling is that cundills first down year only came in 1990. Rissogill observed cundill from a frontrow seat, serving for a decade as a director of the cundill value fund, which returned a hair above 15% annually for 33 years. The energy peter had given special projects in the first few months. Peter frankopans internationally bestselling 2015 book the silk roads. Peter cundill ran the canadian cundill value fund from 1974 2010 generating annualised returns of %. His investment style was firmly in the graham deep value camp but through a global lens. The book describes peter cundill s investing career. Theres always something to do by christopher rissogill. Your essential guide to peter cundill investing net net. Peter cundill, the subject of this book, took control of the allcanadian venture fund in 1975 which became the cundill value fund, and over the next 33 years he averaged a compound annual rate of return of 15. British historian peter frankopan will chair this years cundill history prize, it has been announced. Appendix 2 investments held by peter cundill entities as of 31 july 2010 223. Peter cundill was born in montreal, quebec in october 1938, and was educated at lower canada college.
Cundill died recently and this book pieces his life as a. The books author followed with another, notquiteaspopular book, super money. The book offers a fantastic summary of the peter cundill investment approach and plenty of great examples to illustrate this approach. The life of peter cundill was so named as the flamboyant money manager was greatly taken with aldous huxleys words. Peter cundill was born in montreal in october 1938. Cundill history prize chair peter frankopan on importance. Cundill came to value investing in 197273 when reading the book supermoney by adam smith. The first epistle of peter, usually referred to simply as first peter and often written 1 peter, is a book of the new testament. Well because it chronicles the life of the canadian warren buffett, peter cundill. Peter cundill 19382011, a distinguished alumnus of mcgill university, was a philanthropist, sportsman, diarist, and renowned global investor. It will be a grave injustice to describe peter cundill solely as a famed value investor. Over half of mcgill students claim a first language other than english, including approximately 20% of our students who say french is their mother tongue. The following organisations are the first to enter our core 30 portfolio. Peter cundill, 72, was a renowned value investor and mutual fund manager who helped shake up the canadian money management industry.
The cundill history prize formerly the cundill prize in historical literature was founded in 2008 by peter cundill to recognize and promote literary and academic achievement in history. Like warren buffett and john templeton, peter cundill was a legendary practitioner of the value approach according to ben graham. More apt would be the epithet bestowed upon him at an awards ceremony. Peter cundill, the subject of this book, took control of the allcanadian venture. Way back in 1968, a book titled the money game about the gogo investing years during the 1960s became a best seller.
One of cundill value funds first investments was j. Like many value investors, petes road to damascus occurred in late 1973 when he came upon security analysis written by ben graham the same thing happened to me a year later, in 1974. Peter cundill october 1938 january 24, 2011 was a canadian value investor. Peter and joanie flew in with the other canadian guests. The professor of global history at oxford university will lead a panel of top historians and authors to decide the shortlist, finalists and winner of the international prize for history writing which opened today to new submissions. Peter frankopan to chair 2020 cundill history prize. He also emphasized global investment, including extreme bargains in markets with shaky respect for capital. And the selection of this book affirms the essential criterion of the cundill award as f.
Be the first to ask a question about theres always something to do. As a deep value investor, he was able to stick to purchases below book value, focusing on hard assets. Peter cundill excelled at finding bargains using the classic benjamin graham approach a business is cheap if a careful analysis of a companys balance sheet reveals that the market price of the. Peter cundill 19382011 created his foundation to promulgate. The cundill history prize or simply cundill prize previously cundill prize in historical literature, was founded in 2008 by peter cundill to the prize is presented annually to an author who has published a nonfiction book in the prior year that is likely to have profound literary, social, and academic impact in the area of history. The prize is presented annually to an author who has published a nonfiction book in the prior year that is likely to have profound literary, social, and academic impact in the area of history. In the autumn of 1988 peter was to turn fifty and was determined to celebrate in style with a party in new york as the culmination of the cundill value fund conference. An example was peter cundills first major equity investments, bethlehem copper one of only 10 investments in cundills fund and accounted for 50% of the portfolio with another large position, a. Walking in joseph conrads footsteps, maya jasanoff wins. This is something of a golden age for history writing. Cundill was an amazing canadian value investor whose fund returned 26% compounded annually over its first 10 years. In that book, he read about benjamin grahams and david dodds classic book, securities analysis, and after reading graham and dodds book cundill seriously took up indepth value investing.
The noted value manager, whose cundill value fund and sister funds are sold by mackenzie financial. The book provides reader with a compelling outlook on the financial world and illustrates the analytical methods adopted by cundill to outperform the. Peter cundill should be on the mount rushmore of deep value investing. The peter cundill investment approach, by christopher rissogill.
Peter cundill value investing and the art of being flexible. A new history of the world arrived as a challenge to the narrative of eurocentrism by shifting the focus towards asia. The rise of new powers in feature articles by porter anderson february 26, 2020 leave a comment the new jury chair of the cundill history prize, peter frankopan, on why history books and writing are important in this time of shifting geopolitical sands. Cundill history prize 2020 now open for submissions. The author presents himself as peter the apostle, and, following catholic tradition, the epistle has been held to have been written during his time as bishop of rome or bishop of antioch, though neither title is used in the epistle. The peter cundill investment approach, by christopher rissogill 2011, is an excellent book. Cundill died recently and this book pieces his life as a value. Peter cundills girlfriend loses high court fortune bid. Peter cundills first investment was made while he was working as an office boy at. It is a quick read about one of the greatest investors of all time, peter cundill. Interview with christopher rissogill, author of theres.
Excavations at the long cist cemetery on the hallow hill, st. Christopher does a great job documenting cundills early investing years. Christopher rissogill annotation the story of the origins and development of peter cundills pioneering investment journey. Legendary mutual fund manager and philanthropist peter cundill has a posthumous bestselling book. Cundill was a highly successful deep value investor whose chosen method was to buy stocks below their liquidation value. Into university seek to advance the education of children and young people in socially or economically disadvantaged communities in order to increase their chances of entering higher education, securing a place at university or achieving another chosen aspiration. It was the second oldest school in the united world colleges group, the first of.
It was super money that 35yearold investor peter cundill read during a. Cundill, like every value investor of note, was a voracious reader. Appendix 1 some major figures in peter cundills investment world 219. The book describes peter cundills investing career. Whats more, rissogills new book on peter cundill deserves being ranked as well. The book is the only large scale work covering peter cundills so is definitely a. Illness was the catalyst for the book authored by londonbased. Peter cundill bio, investments, books, videos, articles. Peter cundill, fca, cfa, the cundill group march 28, 2005 peter cundill on value investing in generell mr. He was a partner in the company and in april 1977, the fund was renamed the cundill value fund. Peter cundill was one of the best value investors in the world. The peter cundill foundation was established in bermuda on 11 january 2012, following the death of its founder, peter cundill. As the potential reader can not search this book yet, a sample of the first few. An original article from the proceedings of the society of antiquaries of scotland, 1996.
The book is the only large scale work covering peter cundills so is definitely a mustread for anybody interested in digging deeper into the man. Peter cundill was an award winning canadian investment guru who died aged 72 in 2011 but his friend and trustee, jenny bingham, were concerned about miss joseph and appeared to view her as greedy. There he learned about graham and buffett and found out, that buying a stock trading below net cash inevitably worked. He was educated at lower canada college where he made his mark on the football field and on the basketball team. In addition to successfully navigating the markets, peter also valued fitness and regularly ran marathons in under 3 hours. Peter frankopan to chair 2020 cundill history prize jury. Peter cundill bio, investments, books, videos, articles, quotes. The peter cundill investment approach, the first and only book about one of finest canadian investors in history. This weekend i read a fascinating book, theres always something to do.
The canadian born investor, peter cundill, plunged into the world of financial markets while he was still at mcgill university, which he graduated from in 1960 with a degree in commerce. Case studies of the peter cundill investment approach. Christopher is the author of a new book on peter cundill, theres always something to do. This book is a biography not an investment manual, but those seeking. The cundill history prize attracts the best history writing in english, wherever it is being written in the world, as well as translations into english. During his remarkable life, peter had many interests and was both an academic and an athlete. The peter cundill investment approach offers personable insights into the world of one of the best fund managers in canadian history. In 2011, christopher rissogill published theres always something to do. Peter cundills 7 indispensable books for every serious investor is overall, an interesting list. He was diagnosed with an untreatable neurological condition in. Christopher rissogill was a director of the cundill value fund for ten years.
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