The Meb Faber Show - Better Investing
Francois Rochon - Outperforming the Market for 30+ Years Through Patience, Humility & Rationality | #578
Apr 8, 2025
Francois Rochon, President of Giverny Capital, has achieved an impressive return of over 15% annually for more than 30 years. Influenced by legends like Peter Lynch and Warren Buffett, he emphasizes the values of patience, humility, and rationality in investing. Rochon reflects on his investment mistakes and the lessons learned from them. He discusses the real costs of stock-based compensation and the importance of focusing on company fundamentals. The conversation also touches on evaluating cryptocurrencies versus stable investments like Berkshire Hathaway.
01:05:07
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Quick takeaways
- Francois Rochon attributes his investment success to principles of patience, humility, and rationality, emphasizing long-term growth and capital compounding.
- Learning from investment mistakes, Rochon approaches each stock purchase with the expectation that one in three may underperform, highlighting the importance of resilience.
Deep dives
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