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.
Commodities, Contrarianism & Conviction
The Journal | February 2015
Following is a common dialogue at recent investment meetings with our Canadian clients. “Where is the price of oil going?” “The price of oil will increase.” “When?” “We are not...
The Outsiders
The Journal | January 2015
William Thorndike, Jr.'s book, The Outsiders: Eight Unconventional CEOs and their Radically Rational Blueprint for Success, has been making the rounds at Burgundy. It has received high praise in...
Thinking Like a Private Investor
The Journal | January 2015
Burgundy’s Investment Team researches numerous companies but invests in only a handful. To help us narrow down our potential investment universe, we use decision rules that point us toward...
Calculating Margins of Safety
The Journal | December 2014
During the annual Burgundy Information Session via conference call this Fall, I was asked to explain the concept of margin of safety. Here is my response. With every company we...
Winning By Not Losing
The Journal | October 2014
At the Women of Burgundy Feature Event in Toronto this month, Anne Maggisano, Senior Relationship Manager, interviewed Anne Mette de Place Filippini, Director, Senior Vice President and Portfolio Mana...
Have You Planned for Market Corrections?
The Journal | October 2014
Many global markets have slipped into correction or near-correction territory. As I write this, the TSX Composite Index has dropped 10.4% from its early September high. While stock market volatility i...
What Motivates Senior Managers?
The Journal | September 2014
When we study a company, an important step in our research process is to evaluate the CEO as a leader and fiduciary. Is this person going to protect and grow...
PDF: Top Quartile: A Survey of Canadian CEO Compensation Programs
The View | September 2014
In 1998, we wrote about the unintended consequences that options have on manager behaviours in an issue of The View from Burgundy entitled “Stealing a Fortune.” We illustrated our thoughts with...