A Quote by Peter Cundill

The share price must be less than book value. Preferably it will be less than net working capital less long term debt. — © Peter Cundill
The share price must be less than book value. Preferably it will be less than net working capital less long term debt.
The price earning multiple must be less than ten or the inverse of the long term corporate bond rate, whichever is the less.
Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.
The price must be less than one half of the former high and preferably at or near its all time low.
If a [democratic] society displays less brilliance than an aristocracy, there will also be less wretchedness; pleasures will be less outrageous and wellbeing will be shared by all; the sciences will be on a smaller scale but ignorance will be less common; opinions will be less vigorous and habits gentler; you will notice more vices and fewer crimes.
I do feel that federation, loose parallel processes, are less than we've got, less than we could have and, in the very long run, less than what God wants in the Church.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
love is thicker than forget more thinner than recall more seldom than a wave is wet more frequent than to fail it is most mad and moonly and less it shall unbe than all the sea which only is deeper than the sea love is less always than to win less never than alive less bigger than the least begin less littler than forgive it is most sane and sunly and more it cannot die than all the sky which only is higher than the sky
The debate about climate change in many ways is tied to the petroleum industry. If the value of petroleum was considerably less than it is, and the value of coal was considerably less than it is, there would be much less debate about this.
I can't stomach the thought that we are passing down to the next generation a country that is less viable, less good, less competitive, less compassionate than the one we got.
Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.
If each year slightly less capital is invested in industry, the time will eventually come when the amount of equipment per laborer and, in consequence, the productivity and the wages of labor are less than they otherwise would be.
What do you mean less than nothing? I don't think there is any such thing as less than nothing. Nothing is absolutely the limit of nothingness. It's the lowest you can go. It's the end of the line. How can something be less than nothing? If there were something that was less than nothing, then nothing would not be nothing, it would be something - even though it's just a very little bit of something. But if nothing is nothing, then nothing has nothing that is less than it is.
The price of an e-book is a lot less than the price that we're charging for a hardcover book. It's about the same as we charge for a paperback. And that means a different revenue stream.
I've got to stop getting obsessed with human beings and fall in love with a chair. Chairs have everything human beings have to offer, and less, which is obviously what I need. Less emotional feedback, less warmth, less approval, less patience and less response. The less the merrier. Chairs it is. I must furnish my heart with feelings for furniture.
Americans are no less susceptible to disease, joblessness, and family changes than their peers in rich nations, but they are made more fragile by these crises. The country has a thinner safety net, fewer public goods, and less social insurance than other countries.
The thought of my children growing up in an America with less freedom, less opportunity, and a lower standard of living is a long-term pain I cannot and will not bear.
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