psychology of investing

Stoic Training for Private Investors

Philosophy seems to be trending these days. In 2013, Burgundy sought investing inspiration from ancient Greece, publishing a View on Stoicism and the Art of Portfolio Intervention. Several tech entrepreneurs, such as Peter Thiel (co-founder of PayPal) and Reid Hoffman (co-founder of LinkedIn), proudly hold philosophy degrees. Charlie Munger, partner of Warren Buffett, has also… Continue reading “Stoic Training for Private Investors”

Parents, Beware

“Parents, Beware: Your Children Will Invest Like You Do.” This headline caught my attention in The Wall Street Journal last week. In all my studies, I have never come across any research that demonstrated a link between the investing behaviours of parents and children, until now. The author of the article1 highlights a July 2015… Continue reading “Parents, Beware”

Narrowing the Scope for Effective Decision-Making

In a post last month, Anne Maggisano provided one step towards better investment decision-making: to consider the range of possible outcomes and the probability of their occurrence before making a decision – in other words, to think deliberately about your investments. But you may be asking yourself, “How do I find the time to consider… Continue reading “Narrowing the Scope for Effective Decision-Making”

Go Global

Burgundy has long been a proponent of global investing. We believe that limiting the geographic scope of your equity investments will both reduce return potential and add to portfolio risk. There are simply too many high-quality businesses located outside of Canada with the characteristics that should, as part of a portfolio, protect and build our… Continue reading “Go Global”