time horizon

Time in the Market

There was a recurring theme at the annual Burgundy Client Day on June 8th: the market is getting expensive. Burgundy’s Portfolio Managers highlighted the difficulties finding high-quality companies at attractive prices in the current market environment. Given valuation levels, our return expectations going forward are modest. This raises the question: is it a good time… Continue reading “Time in the Market”

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”

Our Best Guess

Investors often have a notion about what is an acceptable or desired rate of return on their capital. This rate of return is typically expressed in percentage terms. For example, “I would like to make an 8% return on my money.” This desired rate of return could be based on a number of factors, such… Continue reading “Our Best Guess”

Cherry Coke, Peanut Brittle & Witty One-liners

The Berkshire Hathaway Annual General Meeting (AGM) is the Super Bowl of annual general meetings. Shareholders make the pilgrimage to Omaha each spring to see Warren Buffett and Charlie Munger (Chairman/CEO and Vice Chairman, respectively) in action. For years, representatives from Burgundy have been attending the meeting as shareholders on behalf of our clients. An… Continue reading “Cherry Coke, Peanut Brittle & Witty One-liners”