Peter Cundill might be the least known Superinvestor of the last century.
The Cundill Value Fund he managed achieved a little over 15% compounded return over 33 years.
This is more than 100x on your initial investment.
This is his Investment Philosophy👇🏼
1. A Whole Lot Of Patience
Cundill’s most important trait is patience.
Great ideas often come early to you.
Reality is complex and things take time to play out.
The worst mistakes are made when investors decide to sell these great ideas because they fear opportunity costs.
2. Always Change A Winning Game
Never change a running system, but always change the game.
Nothing wins forever.
Create an investing framework and stick with it but change where you apply it.
Things that outperformed will eventually stop doing so and the other way around.
3. Be International
Great opportunities exist in all kinds of markets.
As discussed above, changing where you play can be important to stay on top.
One way to change your playing field is to expand into different countries.
4. Great Poets Borrow
Decades ago, Cundill already emphasized on the importance of what many call “cloning” today.
To find investment ideas, looking at what other successful investors own can be helpful.
Ideally, you build a network of investors you gather ideas from.