TIP626: Intelligent & Rational Long-Term Investing w/ François Rochon

  • Thread starter We Study Billionaires - The Investor’s Podcast
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We Study Billionaires - The Investor’s Podcast

Guest
On today’s episode, Clay is joined by François Rochon to discuss how he’s managed to vastly outperform the market over the past 30 years. Since he started the Rochon Global Portfolio in 1993, his annual returns net of fees have been 13.6%, versus 9.2% for the benchmark.

François’s investment approach is firmly rooted in three principles — patience, humility, and rationality — which are discussed in depth during this conversation.



IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:17 - What led François to hiring Jean-Philippe Bouchard.

06:19 - The foundational investment principles of Giverny’s approach.

10:23 - How François realized so early in his career that you can’t predict the stock market.

19:53 - The tribal gene that sets 5% of investors apart from the rest.

29:29 - How we can be prepared for declines in the stock market.

35:37 - Why his biggest investment mistakes are mistakes of omission.

40:54 - How François views Berkshire Hathaway’s role in his portfolio.

45:27 - How François assesses the strength of a brand.

56:02 - His view on the valuation of today’s market.

68:15 - Why François is so passionate about investing.



Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.



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