Burgundy Blog

Hot or Not?

In September 2008, Slumdog Millionaire won the People’s Choice Award at the Toronto International Film Festival (TIFF). The movie follows 18-year-old Jamal from the Juhu slums in Mumbai to his winning spot on the Indian version of Who Wants to Be a Millionaire. This award was perhaps a reflection of the growing interest of North… Continue reading “Hot or Not?”

Naïve Optimism

This year’s Burgundy Forum – our 20th annual Client Day event – recognized the careful balance between rationalism, cynicism and optimism as it pertains to behaviour and diversity of thought. Keynote speaker and author of The Rational Optimist: How Prosperity Evolves, Matt Ridley, explored how human nature drives us towards the horrific headlines, despite the evidentiary… Continue reading “Naïve Optimism”

Who Pays?

Over a year ago, Burgundy did a complete reassessment of our research costs based on new financial rules from Europe called MiFID II. Historically, brokerage firms have incurred expenses on research activities like analyst reports and industry conferences. Rather than charging money management firms directly for this research, they have bundled this expense into the… Continue reading “Who Pays?”

Tough October

It was another tough October—famously the most difficult month of the year for the stock market. There once was a rational explanation for this phenomenon. In the old days, October was the month when the rural banks drained their deposits from the urban banks to pay the farmers for the harvest, which created seasonal credit… Continue reading “Tough October”

“Can You Get Hurt Jumping Out of a Basement Window?”

An Interview With Richard Rooney: Burgundy’s investing approach takes time and patience. And, perhaps most importantly, it takes some original thinking, intensive research, and a willingness to go anywhere in search of high-quality companies trading at reasonable prices. A case study that demonstrates how this approach has worked to our advantage can be found in… Continue reading ““Can You Get Hurt Jumping Out of a Basement Window?””