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.
Europe: Navigating the Storm
The Journal | July 2012
Over the last 12 years, since launching the Burgundy European Equity Fund, the European market has declined by 1.6% per year, turning one dollar into $0.82 for the index investor,1 while our European...
PDF: Is Japan Our Future?
The View | July 2012
It has been 14 years since Burgundy began investing in Japanese stocks. While we have generated a reasonably positive rate of return, the experience has been challenging and at times frustrating....
Emotional Investing is Bad for your Wealth
The Journal | June 2012
Each year I visit my Alma Mater, the Ivey School of Business at the University of Western Ontario, to teach a seminar to MBA students. It’s one of the...
PDF: An Investment Lesson from Warren Buffett
The View | April 2012
People often approach investments without first understanding what they are trying to achieve. Many end up with poor long-term returns and even more confused than when they started. Warren Buffett,...
Japan: One Year Later
The Journal | April 2012
It has been one year since the Great East Japan Earthquake. The earthquake and tsunami that followed killed over 15,000 people, rendered more than 320,000 homeless, and caused approximately US$200 bil...
Sources of Volatility in Equity Markets
The Journal | March 2012
Since the world financial crisis began in mid-2008, high-quality investments have greatly outperformed lower-quality ones. It hasn’t been a straight line outperformance by any means, given the bouts...
Berkshire Hathaway's Annual Shareholder Letter
The Journal | February 2012
Although we read a lot at Burgundy, there is little that is considered “mandatory” reading. Warren Buffett’s annual letter to shareholders might top the list. Not long after the...
Hedge Funds: Quitting While They're Behind
The Journal | February 2012
Last month, Mat Harrison’s post “Where to Hide” mentioned how hedge funds have not been living up to their intended objectives. Building on this idea, The Economist posted an...