Think global

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”

Boots on the Ground

Travel plays an essential role in Burgundy’s bottom-up investment research process. Our portfolio managers and analysts regularly travel to find new investment ideas, conduct due diligence on portfolio holdings and build expertise on the geographies where our investments reside. As a global investor based in Toronto, this is particularly important to us – in 2015,… Continue reading “Boots on the Ground”

Winning By Not Losing

At the Women of Burgundy Feature Event in Toronto this month, Anne Maggisano, Senior Relationship Manager, interviewed Anne-Mette de Place Filippini, Director, Senior Vice President and Portfolio Manager of Burgundy’s emerging markets equities. One of the questions focused on Anne-Mette’s love of sports, and how she ties tennis player Rafael Nadal’s discipline and process to… Continue reading “Winning By Not Losing”

Confessions of a Buffetteer

Burgundy is a self-described quality-value investor, but what does that really mean? What other value styles exist, and where does Burgundy fall within this sphere? Derived from a speech delivered at the London Value Investor Conference in May, the latest edition of The View from Burgundy, “Confessions of a Buffetteer,” tackles these questions. While all… Continue reading “Confessions of a Buffetteer”

Beware the Risks

In my previous post, I listed the reasons why Burgundy invests in Japan, but I also alluded to the risks that exist. Let me illustrate with the story of Olympus Corporation, a Japanese company which perpetrated a financial fraud for decades. Olympus Corporation is better known for its cameras, but its biggest, most profitable and… Continue reading “Beware the Risks”

Lying Down on the Highway: Reasons to Invest in Japan

Today, investors no longer pay much attention to Japan and most underweight their portfolios to Japanese equities or avoid the asset class altogether. Jesper Koll, one of the few long-standing Japanese market specialists still around explains the situation this way: “The Japanese market has disappointed clients so often that most do not have tolerance anymore.… Continue reading “Lying Down on the Highway: Reasons to Invest in Japan”