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.
What are Money-weighted Rates of Return?
The Journal | December 2016
Over the last few months, you may have heard reference to “CRM2,” a set of regulations meant to enhance transparency in the investment industry by mandating investment management firms, dealers...
PDF: Measuring Investment Performance
December 2016
Investment industry regulators have made a significant move to enhance transparency for investors regarding the method in which performance returns are reported. We see this as a positive for the...
The Science and the Art
The Journal | November 2016
“There’s so much you can tell in a 10-minute tour of a plant. I can tell you right away whether we’re making money, if we have quality or...
Play Within Your Circle of Competence
The Journal | November 2016
Earlier this year, the top athletes in the world put their physical skills on display at the Rio Olympics, and now it’s the intellectuals’ moment in the spotlight. The...
PDF: Winning by Not Losing
The View | October 2016
Before I became an investor, I was a tennis player. I played competitively as a junior and became pretty good at the game. It took me a long time to...
Investing for a Marathon
The Journal | July 2016
With the 2016 summer Olympic Games only a week away, I am reminded of the excitement that often surrounds the 100-metre dash. The anticipation as the sprinters line up, the speed...
The Quality-value Tug of War
The Journal | July 2016
By most accounts, the last few years have been a very tough time for deep-value investors. Persistent slow world economic growth and prevailing uncertainties about fundamental macroeconomic issues lik...
Boots on the Ground
The View | June 2016
Travel plays an essential role in Burgundy’s bottom-up investment research process. Our portfolio managers and analysts regularly travel to find new investment ideas, conduct due diligence on portfo...