A Year of Living Dangerously

PDF: A Year of Living Dangerously

The View | May 2001

When you saw the title of my presentation today, I expect you thought we were going to review last year’s peculiar markets. That would have given us the opportunity...

Margin of Safety

Margin of Safety

February 2001

“In the old legend the wise men finally boiled down the history of mortal affairs into the single phrase, ‘This too will pass.’ Confronted with a like challenge to distill...

Indexers, Arbitrageurs and Organ Donors

PDF: Indexers, Arbitrageurs and Organ Donors

The View | December 2000

The investment strategy that has been the biggest winner with clients in the last quarter century is neither a growth strategy nor a value strategy. It is index investing, known...

Horatio's Answer

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The View | April 2000

There is a conversation that takes place in Act I, Scene V of Shakespeare’s Hamlet that has been running through my mind lately. The exchange is between Horatio, an...

The Ham in the Sandwich

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The View | October 1999

Ladies and gentlemen, you have been drawn here under false pretences. Your program agenda made reference to our firm’s February publication, and implied that I would be referring to...

Unforced Errors

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The View | July 1999

In the aftermath of our last View from Burgundy, two things became obvious to us. One is that our readers are ardent cinema fans, since our initial lapse in casting...

We're Mad as Hell

PDF: We're Mad as Hell

The View | February 1999

In the 1976 film Network, Albert Finney gave a riveting performance as a TV anchorman who blew a gasket and began to deliver angry tirades on his nightly news show. His...

Stealing a Fortune

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The View | August 1998

It is not too much of a stretch to say that the biggest change in management behaviour over the past 20 years has been the transformation of senior managers from stewards...

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