Think global

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?”

“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?””

Political Instability is Not the Same as Financial Instability

It can be difficult to discern between political and financial instability. Global capital markets often mirror tempestuous political campaigns, eliciting financial anxiety that might not have otherwise existed. To illustrate an example of this behaviour, let’s reach back to November 22, 1963. It was the day that President John F. Kennedy was shot and killed… Continue reading “Political Instability is Not the Same as Financial Instability”

The Science and the Art

“There’s so much you can tell in a 10-minute tour of a plant. I can tell you right away whether we’re making money, if we have quality or delivery issues (so customer issues) and if there’s a morale problem. It’s easy to tell. But you can’t tell until you go there.” – Linda Hasenfratz, CEO Linamar Corporation,… Continue reading “The Science and the Art”