WEALTHTRACK

The Art of Investing with Giverny Capital Founder François Rochon

Nov 14, 2025
In this engaging conversation, François Rochon, founder of Giverny Capital and a long-term value investing guru, shares insights from his unique investing philosophy. He draws parallels between investing and art collection, explaining his meticulous screening process for high-quality companies. Rochon emphasizes key traits like humility and patience as vital to his success. He also discusses the merits of investing in durable companies such as Visa and Berkshire Hathaway, along with reflections on past mistakes and the importance of quick decisions in the market.
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ANECDOTE

Why He Founded Giverny Capital

  • François Rochon started Giverny Capital because he couldn't find a firm aligned with his Buffett-inspired approach.
  • He committed from day one to buy for clients the same securities he owned personally.
INSIGHT

Investing Is Like Curating Art

  • Rochon compares building an investment portfolio to curating an art collection: you must study many pieces to find masterpieces.
  • He filters hundreds of securities to concentrate on roughly 20–25 exceptional companies to hold long term.
ADVICE

Start With A Short Quantitative Filter

  • Use a broad, regular screening tool (Rochon uses ValueLine) to filter companies quickly by return on capital, earnings growth, share issuance, and debt.
  • Treat that short screen as a first filter before deeper research.
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