Think global

“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”

Boots on the Ground

The VIEW from BURGUNDY 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… 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… Continue reading “Winning By Not Losing”

Confessions of a Buffetteer

The VIEW from BURGUNDY 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 issue of The View from Burgundy, “Confessions of a Buffetteer,” tackles… 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”