Berkshire Hathaway: Fifty Years of Enduring Advice

Berkshire Hathaway: Fifty Years of Enduring Advice by Greg Dowdall, Burgandy Asset Management When Tony Arrell first established Burgundy, he promised clients he would manage their money the same way he managed his own. The Burgundy investment philosophy has been and always will be to invest our clients’ capital in a select number of quality businesses that offer a margin of safety, trading at a 30% discount to our estimate of their intrinsic value. We believe that owning good businesses purchased at the right price and held over an extended period of time is the best way to compound our clients’ capital…