2019 Archive

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?”