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. Cundill recalls his first investment of worth $500 in a speculative mining stocks,  he lost money in only 48 hours, which proved to be an exceptional learning experience. Cundill earned the designation of Chartered Accountant and then Chartered Financial Analyst before moving from Montreal to Vancouver  to become the President of AGF Investment management; he worked at the company for four years from 1972 till 1975.

Peter Cundill

Peter Cundill’s Book Recommendations

There are a few books – really not that many – which we believe are indispensable reading for every serious investor in whatever facet of investment practice they may favor:

Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay (only the first two chapters – the title is worth the price of admission!)

The Crowd: A Study of the Popular Mind by Gustave Le Bon

Buffett: The Making of an American Capitalist by Roger Lowenstein

The Money Masters by John Train

The Intelligent Investor: A Book of Practical Counsel by Benjamin Graham

The Templeton Touch by William Proctor

The Alchemy of Finance by George Soros

Also of course read two great books on Peter Cundill, There’s Always Something to Do: The Peter Cundill Investment Approach

Peter Cundill, a philanthropist and investor whose work has been praised by the likes of Warren Buffett, found his life changed forever when he discovered the value investment principles of Benjamin Graham and began to put them into action. There’s Always Something to Do tells the story of Cundill’s voyage of discovery, with all its ups and downs, as he developed his immensely successful investment strategies. 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.

And Routines and Orgies: The Life of Peter Cundill: Financial Genius, Philosopher, and Philanthropist

Routines and Orgies acquaints the reader with a generous and complex man. Spanning over seventy years, and covering most corners of the globe, it is a tale of hard-won professional development and extraordinary challenges faced and survived. Although not meant to be an investment manual, those seeking perspective from an expert mind in finance will find a great deal in its pages.