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.
Our Primitive Brain: An Impediment to Investment Success
The Journal | October 2012
My first post on the topic of behavioural finance introduced the idea that investors, rather than listening to logic that tells them to buy low and sell high, do just...
The Value of Experience in an Information Age
The Journal | September 2012
A recent Financial Times article presents the opinion that, with the rise in information accessibility, it has become more difficult – or even impossible – for active managers to consistently beat...
Europe: Navigating the Storm (Part III)
The Journal | September 2012
In Part I I explained that we let the strong management of our great companies generate value for us over time, and in Part II that our returns are generated...
Time to Re-establish Trust
The Journal | August 2012
Investor optimism is at a low point due to a lack of confidence in the financial system, and the reasons for this are many and varied. From the financial crisis...
Europe: Navigating the Storm (Part II)
The Journal | August 2012
In Part I, I discussed how Burgundy has navigated the storm in Europe by owning great companies with strong profits, regardless of the macroeconomic scenario. In Part II I will...
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...