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.
Searching for Snowballs
The Journal | January 2014
At Burgundy, we employ a value approach to managing our clients’ wealth. However, value has a broad spectrum of styles, ranging from deep value through quality value. The deep value (...
The Double-Edged Sword of Investing
The Journal | December 2013
On November 27th, Morningstar Inc. held its annual Canadian Investment Awards, and Burgundy was proud to walk away with four awards in the pooled fund category. Quality investments have been...
Where Do Returns Come From?
The Journal | November 2013
Recently Burgundy’s Chief Investment Officer Richard Rooney stated in our annual client conference call that our equity return expectations for the markets over the next five years are 6-7%....
Statement Shock: Bonds in the Red
The Journal | October 2013
There’s no shortage of fear mongering in the financial media these days about the looming bond bubble. The negative sentiment is not unfounded. The federal reserve has been running...
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...