How to invest with a quality-value outlook

“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?””

Lazy Fund Managers

When we started Burgundy 26 years ago we had some basic principles and values in mind. We would aim to make significant investments in well run businesses run by trustworthy, capable and honest management teams. We would work hard to deeply understand how these businesses worked and what the fundamental drivers were in order to… Continue reading “Lazy Fund Managers”

Volatility can be the Friend of the Patient Long-term Investor

Last year, conversations around volatility permeated the client meetings at Burgundy. During portfolio reviews, discussions often turned to how regularly the equity market indices had been reaching new highs and the very low level of volatility they had exhibited. There are various measures for market volatility, but one that is often used is the Chicago… Continue reading “Volatility can be the Friend of the Patient Long-term Investor”

Key Messages from Burgundy’s Conference Call

Burgundy’s November conference call is becoming something of a pre-holiday tradition. This year’s call featured an update from Richard Rooney, our President and Chief Investment Officer, and comments from Chief Operating Officer Robert Sankey, and Chairman and Chief Executive Officer Tony Arrell. The call addressed a wide range of topics, but throughout, Richard, Rob and… Continue reading “Key Messages from Burgundy’s Conference Call”

Time in the Market

There was a recurring theme at the annual Burgundy Client Day on June 8th: the market is getting expensive. Burgundy’s Portfolio Managers highlighted the difficulties finding high-quality companies at attractive prices in the current market environment. Given valuation levels, our return expectations going forward are modest. This raises the question: is it a good time… Continue reading “Time in the Market”