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.
Foreword: Prem Watsa 1 The Eureka Moment; 2 Getting to First Base; 3 Launching a Mutual Fund on Value Principles; 4 Value Investment in Action; 5 Going Global; 6 Swapping Continents; 7 A Decade of Success; 8 New Dimensions; 9 Investments and Stratagems; 10 Surviving a Crash; 11 Distressed Corporate Securities and Defaulted Sovereign Debt; 12 Dealing with Adversity; 13 Per Ardua ad Astra; 14 The Perfect Match; 15 Entering the Big League; 16 There's Always Something Left to Learn; 17 Dancing with the Witch Doctor; 18 The Russian Bear; 19 The Canadian Buffet; 20 Fragile X; 21 What Makes a Great Investor?; 22 A Kind of Retirement Glossary Appendix 1: Some major figures in Peter Cundill's investment world; Appendix 2: Investments held by Peter Cundill entities as of 31 July 2010; Appendix 3: Net-net work sheet; Appendix 4: Mackenzie Cundill Value Fund; Appendix 5: Transcription of journal page, p. 2 Index