Quality-value investing explained

Deconstructing Quality, Part III

Our Deconstructing Quality series explores the three categories Burgundy assesses in our search for worthwhile companies. Part I looked into the business characteristics that help define a quality business.  Part II considered the financial attributes that make for attractive investments. In Part III, our final segment, we will investigate management assessment, the least quantifiable piece… Continue reading “Deconstructing Quality, Part III”

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”

Let’s Take a Trip to Graham-and-Doddsville

“The Superinvestors of Graham-and-Doddsville” is a legendary address delivered by Warren Buffett to the Columbia Business School in 1984 to mark the 50th anniversary of Benjamin Graham and David Dodd’s seminal investment book Security Analysis. Though the address is primarily about defending the value investment style of active management and disproving the efficient market hypothesis,… Continue reading “Let’s Take a Trip to Graham-and-Doddsville”