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.
Beware the Risks
The Journal | September 2013
In my previous post, I listed the reasons why Burgundy invests in Japan, but I also alluded to the risks that exist. Let me illustrate with the story of Olympus...
Lying Down on the Highway: Reasons to Invest in Japan
The Journal | August 2013
Today, investors no longer pay much attention to Japan and most underweight their portfolios to Japanese equities or avoid the asset class altogether. Jesper Koll, one of the few long-standing...
Lessons on Grand Strategy
The Journal | August 2013
The business of investing is fiercely competitive. It’s like war – your competitors are your adversaries and the market is your battlefield. Over the long run, winners and losers will...
Beyond the Returns: Selecting a Money Manager (Part III)
The Journal | July 2013
In Part I and Part II, I looked at some money manager characteristics beyond performance that should result in an overall positive client experience, and used Warren Buffett as the...
Beyond the Returns: Selecting a Money Manager (Part II)
The Journal | June 2013
In my last post, I introduced a thought experiment: what would be the ideal situation for the investment of your family wealth if you had started a generation ago, and...
Beyond the Returns: Selecting a Money Manager
The Journal | May 2013
When selecting a manager, most people start, logically enough, with the returns. That is the money manager’s product, after all. But all too often the disclosure that past performance...
On Gold
The Journal | April 2013
Given the dramatic drop this week in the price of gold, we thought it timely to revisit Burgundy’s view on the topic. At Burgundy, we are often asked about...
Warren Buffett: Contrarian Thinking & Investing in Action
The Journal | April 2013
Warren Buffett's annual shareholder letter is always a major event at Burgundy and this year was no exception. The release of the letter on March 1st, a Friday afternoon, meant...