margin of safety

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”

The Art of the Sell

When looking to invest in a company, Burgundy’s Investment Team performs rigorous analysis. Through extensive scrutiny of a company’s financials, study of the operations, research trips and meetings with company management, we determine whether or not the company fits our criteria for a quality investment. If it does, and at a market price that is… Continue reading “The Art of the Sell”

A Day in the Life

Burgundy is hosting a series of presentations for my colleagues called, “A Day in the Life.” The purpose of these seminars is to open the lines of communication, educate, and demonstrate the value of the roles that we have at Burgundy – how they contribute to our corporate mission to protect and build client capital… Continue reading “A Day in the Life”

The Outsiders

William Thorndike, Jr.’s book, The Outsiders: Eight Unconventional CEOs and their Radically Rational Blueprint for Success, has been making the rounds at Burgundy. It has received high praise in the industry, from hedge fund manager Bill Ackman, Peyto CEO Darren Gee, and (perhaps unsurprisingly) Warren Buffett himself. The subject matter is all there in the… Continue reading “The Outsiders”