Views & Insights
Periodically we publish content that puts our principles and views into practice, because education is an essential component of long-term investment success.
Deconstructing Quality, Part III
The Journal | September 2018
Our Deconstructing Quality series explores the three categories Burgundy assesses in our search for worthwhile companies. Part I looked into the business characteristics that help define a quality bus...
Navigating a Trade War
The Journal | August 2018
“The ship was the pride of the American side coming back from some mill in Wisconsin. As the big freighters go, it was bigger than most with a crew and...
Smart or Stupid? That Depends …
The Journal | July 2018
The following speech was presented by Richard Rooney, President and CIO, at this year’s Client Day. It has been lightly edited and condensed for this blog entry. Value investing...
Selling the Good with the Bad
The Journal | April 2018
One of our key beliefs at Burgundy is that owning the equity of high-quality businesses is the best way to preserve and grow wealth over the long run. This long-term...
Lazy Fund Managers
The Journal | April 2018
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...
Stoic Training for Private Investors
The Journal | March 2018
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 entrep...
Volatility can be the Friend of the Patient Long-term Investor
The Journal | February 2018
Last year, conversations around volatility permeated the client meetings at Burgundy. During portfolio reviews, discussions often turned to how regularly the equity market indices had been reaching ne...
The Commodity Cycle and Expensive Christmas Trees
The Journal | December 2017
The holiday season is one of my favourite times of the year. Taking a break from the hectic pace of day-to-day life is something to be treasured, especially with family...