Burgundy’s investment team conducts intensive, original research to invest in companies with:
·
Real, understandable businesses with strong performance track records
·
Sustainable competitive advantages
·
Proven, shareholder-minded management
·
Financial strength
·
A
Margin of Safety
(market price < true value)
Burgundy portfolio turnover is low. Burgundy stays invested in companies that continue to generate value – ahead of current share price. Burgundy sells when:
·
A company becomes overvalued –
market price > true value
·
Fundamentals deteriorate
·
Burgundy finds a company with a greater
Margin of Safety
