Capital Compounders Show

A Conversation with Francois Rochon (Giverny Capital)

63 snips
Dec 23, 2024
Francois Rochon, Founder & CEO of Giverny Capital, shares his impressive 31-year track record in long-term investing. He delves into his love for art and how it shapes his investment philosophy. Rochon discusses the complexities of navigating market trends, emphasizing risk discipline and prudent valuations. He provides insights on the potential of firms like Dollarama and Novo Nordisk. The conversation also touches on the influence of Generative AI in stock research and timeless investment wisdom, highlighting the importance of behavior over intellect.
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ANECDOTE

Art Inspiration

  • Francois Rochon's art interest began at 18, sparked by Impressionist masters in Paris.
  • Visiting Monet's Giverny inspired his dream of a Quebec art museum.
ANECDOTE

Path to Investing

  • Inspired by Giverny, Rochon sought wealth, leading him to Buffett's letters in '93.
  • This sparked his investing career, founding Giverny Capital in '98, mirroring his portfolio.
INSIGHT

Market Timing

  • Rochon follows great investors who view stocks as ownership and avoid market timing.
  • He stays fully invested, believing opportunities always exist.
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