Deconstructing Quality, Part IGuest Post
By Burgundy Asset Management
If you are at all familiar with Burgundy, likely you have heard time and again that we invest in “quality” companies when the share prices of those companies are trading below their “intrinsic values” (that is, what we believe is a company’s true worth).
But what does that really mean? Isn’t every active investment manager looking to do the same? Yes…and no. While investing only in quality businesses is the aim of every market participant, many active managers do not want their portfolios to look too different than the underlying benchmark, against which . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible