François Rochon

François Rochon, founder of Rochon Global Portfolio and Giverny Capital, shares his insights as a long-term value investor with a remarkable average annual return of 13.6%. He emphasizes the importance of purchasing great businesses at fair prices and views stock market volatility as an opportunity, not a threat. Rochon delves into his investment strategies, discussing why Giverny Capital remains fully invested and explores core positions in Booking Holdings and Brown & Brown. He also highlights the significance of transparent communication with clients and risk management.

In this insightful conversation, François Rochon, founder of Giverny Capital and an expert in value investing, shares his time-tested investment strategies. He emphasizes the critical concept of 'margin of safety' and the importance of long-term thinking. Rochon discusses how to navigate bear markets, the value of humility in investing, and highlights companies he admires. Moreover, he candidly addresses his own investment mistakes through an annual 'Podium of Errors' list, illustrating his commitment to learning and growth in the investment landscape.

François Rochon, founder and president of Giverny Capital, is a veteran investor renowned for his long-term strategies. He shares how patience, humility, and rationality have helped him achieve annual returns of 13.6% since 1993. The conversation touches on the impossibility of predicting stock markets and the psychological aspects that differentiate successful investors from the herd. Rochon also discusses evaluating brand strength with examples like McDonald's and Lululemon, emphasizing a thoughtful approach to navigating market declines and valuing companies.

Joel Greenblatt, famed for his investment genius, shares lessons on learning from mistakes and adapting in turbulent markets. Howard Marks emphasizes the need for caution to avoid ruin, while Bill Miller offers strategies for weathering brutal losses. François Rochon highlights the importance of emotional resilience and independent thinking in investing. Together, they explore how to navigate uncertainty, improve decision-making, and capitalize on the emotional swings of the market for successful investing.

François Rochon, een Canadese belegger en oprichter van Giverny Capital, deelt zijn beleggingsstrategieën die hem een indrukwekkend rendement van 15,1% over 31 jaar hebben opgeleverd. Hij legt de nadruk op intrinsieke waarde en het gevoel van eigenaarschap. De podcast verkent de balans tussen diversiteit en concentratie in portefeuilles, en biedt waardevolle lessen in portefeuillebeheer. Rochon herdefinieert risico, waarbij hij volatiliteit als kans ziet. Zijn boodschap over optimisme en nederigheid inspireert beleggers om geduldig te blijven.