investment management

Marshmallows and the Cost of a Moat

The VIEW from BURGUNDY One of the most frequently mentioned research studies in the field of developmental psychology is the “marshmallow test”. Conducted in the late 1960s and early 1970s, the experiment considered how children’s ability to exercise delayed gratification would affect their success in life. The test was designed like this: children were offered… Continue reading “Marshmallows and the Cost of a Moat”

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”

Women in Investment Management

We are excited to share an interview with Anne Mette de Place Filippini, Burgundy’s Senior Vice President and Portfolio Manager of Emerging Markets equities: “Women in Investment Management: Confidence, Compromise and Mentorship.” In the interview, Anne Mette speaks candidly about her experience in the investment business. She also shares advice for how women might embrace… Continue reading “Women in Investment Management”

Are You Faking It?

Have you ever found yourself in a conversation about finance and, in a moment of incomprehension, rather than ask a question you simply nodded along? Perhaps it was a conversation with friends or colleagues, or perhaps it was even with your financial advisor. Much of the investment industry is built upon moments like these full… Continue reading “Are You Faking It?”