BURGUNDY ASSET MANAGEMENT RESOURCE CENTRE
RELATED LINKS
The following links will introduce you to our generous supporters, Fairfax Financial Corporation and Burgundy Asset Management, and will direct you to other informative resources on value investing.
Barel Karsan
Barel Karsan is a blog dedicated to the discussion of value investing. Articles on this site are dedicated to finding and discussing current value investments, questioning conventional wisdom, applying logic to investment decisions (rather than falling prey to psychological biases), and always applying a margin of safety!
Berkshire Hathaway is a large holding company headquartered in Omaha, Nebraska, that oversees and manages a number of subsidiary companies. The company is owned and managed by two of the most renowned value investors, Warren E. Buffett and Charlie Munger.
For the very early letters to partners by Warren Buffett click here.
For
more recent letters to shareholders by Warren Buffett click
here.
Burgundy Asset Management Ltd. is a leading investment
counselling firm providing discretionary investment management
services to private individuals, charitable foundations, endowments, and
pension funds. Burgundy is a proud supporter of the Value Investing Library
& Collection at the Richard Ivey School of Business.
Chou Associates Management Inc.
Mr. Chou is the President of the Toronto-based Chou Associates Management
Inc. Mr. Chou has operated two of the country’s most successful funds, Chou
Associates Fund and Chou RRSP fund, for the last 18 years. In 2005, the
Canadian Investment Award named him the fund manager of the decade. His
approach is to “find bargains and maintain discipline; if you can not find
bargains stay in cash”.
CoattailInvestor shows the complete holdings of some of the greatest investors of all-time including the Oracle of Omaha - Warren Buffett. Site visitors will see what companies these great money managers are buying, selling, increasing and decreasing.
Fairfax Financial Holdings Limited is
a financial services holding company whose corporate objective is to achieve
a high rate of return on invested capital and build long-term shareholder
value. Fairfax is a proud supporter of the Ben Graham Chair in Value
Investing and Centre for Value Investing at the Richard Ivey School of
Business.
Franklin Templeton Investments
Franklin Resources, Inc., is a global investment management organization
known as Franklin Templeton Investments. Our headquarters are located just
south of San Francisco, in San Mateo, California. They have offices in 29
countries around the world and offer investment solutions and services in
more than 150.
The Howson Tattersall
team employs a pure bottom-up investment approach with a value-oriented
investment philosophy and process that provides a consistent, fundamentally
grounded approach to the analysis of investment opportunities. A constant
focus on value investing drives every aspect of the team’s investment
process. Many investment firms promote themselves as value managers, yet few
are truly committed to this demanding style. The Howson Tattersall team
believes that patience, discipline and consistency are not only the
cornerstones of successful value-based investing, but are also solid
business values. This focus on value investing has produced proven results
for their clients.
Giraffe Capital is a money management firm that
manages money on behalf of some of Canada's most prominent individuals and
their families, and select foundations. Giraffe's critical difference lies
in its uniquely selective investment strategy. The strategy is to deliver
superior absolute returns while preserving capital. Notably, over the last
five years Giraffe Capital has been the only technology fund in North
America to have earned a positive return for its clients (based on available
data of Morningstar and GlobeFund).
GuruFocus tracks the
Stock Picks and Portfolio Holdings of Warren Buffett, George Soros and other
guru investors.
I. A. Michael Investment Council Ltd.
Irwin A. Michael and his firm, I.
A. Michael Investment Counsel Limited have
managed the ABC Funds since 1988 when the first fund was launched. By concentrating on securities that are deemed to be undervalued, ABC
Funds’ portfolios are structured for superior long term returns with limited
downside risk. Until
June 1994, the firm also managed over $75 million of segregated mutual funds
and pension accounts. However, at that time the firm made a key decision to
focus all of its efforts on the ABC Funds, and therefore resigned all non
ABC portfolios and ceased to offer segregated investment management.
Consequently, the only way for investors to receive the
firm's highly focused investment counselling service is through
investment in the ABC funds.
Kahn Brothers & Company, lnc. a New York Stock Exchange member firm, is an
investment advisor with over $800 million of institutional and private funds
under management. Founded in 1978 by Irving, Alan and Thomas Kahn, it
invests primarily in undervalued equity securities that have attractive
prospects for capital appreciation. The firm's principals have well over
one-hundred years aggregate experience in applying the "value investing"
philosophy espoused by Benjamin Graham in Security Analysis, (1934). Its
goal is to provide clients with superior returns on investment while
limiting their exposure to risk and possible loss of capital.
Outstanding Investor Digest brings you the most
important ideas and insights of those money managers with the best long-term
records in the business. Each edition is filled with exclusive in-depth
interviews, substantive excerpts from annual meetings, lectures, and other
special events.
Peters MacGregor Capital Management
Peters
MacGregor Capital Management is an Australian based boutique fund manager
that specialises in global equities. Its investment philosophy,
which has been developed from the teachings of Benjamin Graham, Philip
Fisher, Warren Buffett and Charles Munger, aims to generate positive
absolute returns for investors over the long term (five year plus). They are
value focused investors. All portfolios are managed identically and consist
of investments in a limited number of listed companies which they understand
and believe are currently undervalued by the market.
Sarbit
Asset Management Inc. was founded in 2005 and is an investment management
firm providing investment advisory and related services. Sarbit distributes
its services through a diversified network of third party financial advisors
who look for a rational, common sense and business-like approach to
investing.
Sionna
uses a relative value investment style – a pragmatic approach to
capitalizing on the Canadian market, which is overweighted in resources.
Sionna considers cyclical stocks that more restrictive investing styles
won’t. This provides a broader pool of prospective stocks.
Stacey Muirhead Capital Management
Stacey
Muirhead Capital Management's investment approach utilizes time-tested
principles of intelligent investing. Achieving a superior investment record
is a lot harder than most people think and developing investment wisdom
comes from both direct experience and a willingness to absorb lessons from
others. Stacey Muirhead has been fortunate to learn from the experiences and
writings of super investors such as Benjamin Graham, Warren Buffett, Charlie
Munger and others.
Steadyhand is a Canadian mutual fund company with an experienced management team and a unique investment philosophy.
Steadyhand
has a straightforward lineup of no-load, high-conviction funds that are
offered directly to investors. Their fees are low, their portfolios are
concentrated and their managers focus on making clients
money, rather than tracking an index.
The Baupost Group, LLC is
an employee owned hedge fund sponsor. The firm provides its services to
pooled investment vehicles. It invests in the public equity markets of the
United States. The Baupost Group was founded in 1982 and is based in Boston,
Massachusetts.
A short biography on Ben Graham and a listing of his books and articles.
The Brandes Institute develops ideas and research that
expand the investment community's understanding of market behavior and
portfolio management. The Institute is a division of Brandes Investment
Partners, a leading investment management firm based in San Diego.
The Cundill approach to investing is based on the "value" philosophy
pioneered in the 1950’s by the dean of securities analysis and originator of
the "value" proposition, Dr. Benjamin Graham.
O. Mason Hawkins’ views on entrepreneurship center on keeping the spirit
going, “Perpetuating an entrepreneurial environment is America’s greatest
challenge as well as our brightest hope.” Thirty years ago, Mason founded
Southeastern Asset Management, which manages more than $34 billion in
assets, including the Longleaf Partners Funds, a group of mutual funds that
consistently ranks among the nation’s best performers. They include the
Longleaf Partners Fund, Longleaf Partners Small-Cap Fund, and Longleaf
Partners International Fund.
Founded by veteran value investor Martin J. Whitman, Third Avenue Management
LLC, through predecessor firms, has been in the asset management business
using the same disciplined value approach since 1986. The
firm utilizes a research-intensive approach
and repeatable investment process to create portfolios that seek absolute
returns with limited investment risk, over the long term.
They are guided by one proven value philosophy, which focuses on the
strength of a company's balance sheet and the discounted prices of its
securities. Their belief is that a strong,
well-managed company can survive difficult environments, and that the price
of its securities will eventually reflect its intrinsic value.
Validea.com: Invest Using Proven Strategies of Wall Street Legends
This web site constructs model portfolios which are
based on an interpretation of the strategies of 11 of history's most
successful stock pickers, including Peter Lynch, Warren Buffett, Ben Graham,
Martin Zweig and Ken Fisher.
The Value Investing Congress and Pre-Congress Workshops
are produced by Schwartz-Tilson Information, Inc. (STI). The principals of
STI combine decades of creating and delivering high-quality information with
more than 20 years of investing success.
Created by money manager Whitney Tilson and media executive John Heins,
Value Investor Insight has a straightforward goal: To deliver the
highest-quality investment ideas, analysis and insight to professional and
sophisticated investors.
Under normal market conditions, the Fund invests mainly in equity securities (including securities convertible into, or that the Investment Manager expects to be exchanged for, common or preferred stock) of companies of any nation that the Investment Manager believes are available at market prices less than their value. The Investment Manager will seek to identify securities through extensive analysis and research, taking into account, among other factors, the relationship of book value to market value, cash flow and multiples of earnings.
Thanks to Burgundy Asset Management for their vision and generous support of the Resource Centre, which benefits practitioners and scholars worldwide.
Copyright © 2006 Richard Ivey School of Business