When market noise is deafening, how do you build a resilient portfolio that can withstand change? At this year’s 27th Burgundy Forum, members of our Investment Team discussed what it means to stay disciplined, where they’re finding opportunities, and why a long-term approach often means looking different from the index.
KEY POINTS:
- 01:19 Discipline Means Missing Some Upside: Stephen discusses why Burgundy is prepared to sit out parts of the market, particularly more cyclical sectors, rather than take risks that may not be justified over the long term.
- 09:04 Expectations Matter More Than Headlines: Doug explains why even great businesses can become poor investments when the market gets too excited about the future.
- 21:29 Great Businesses Still Go on Sale: Using a portfolio holding as an example, Stephen discusses how the market sometimes overlooks strong business fundamentals.
- 28:33 Risk Management Starts with What You Own: The panel closes by explaining how to defend against risk through business quality, valuation, and diversification.
For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.
VP, Investment Counsellor
VP, Portfolio Manager,
Canadian equities
SVP, Portfolio Manager,
U.S and Global equities
The Burgundy Forum is our flagship event, offering our clients the chance to hear directly from our Investment Team. Each year, we share our market perspective and discuss maintaining a long-term view in a short-term-focused world.
This post is presented for illustrative and discussion purposes only. It is not intended to provide investment advice and does not consider unique objectives, constraints or financial needs. Under no circumstances does this post suggest that you should time the market in any way or make investment decisions based on the content. Select securities may be used as examples to illustrate Burgundy’s investment philosophy. Burgundy funds or portfolios may or may not hold such securities for the whole demonstrated period. Investors are advised that their investments are not guaranteed, their values change frequently and past performance may not be repeated. This post is not intended as an offer to invest in any investment strategy presented by Burgundy. The information contained in this post is the opinion of Burgundy Asset Management and/or its employees as of the date of the post and is subject to change without notice. Please refer to the Legal section of this website for additional information.
