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

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 26 April 2024

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Giverny Capital’s Letters. Learn more about the Giverny Capital. Books Mentioned: How to be Rich, Money Masters of our Time, The Craft of Investing. Related Episode: RWH016: The Best of the Best w/ François Rochon | YouTube Video. Follow François on LinkedIn. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Meyka AT&T Vacasa Fidelity Monarch Money Yahoo! Finance Long Angle Public USPS American Express Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:03.0	On today's episode, I'm joined by Francois Rochon to discuss how he's managed to vastly
0:07.9	outperform the market over the past 30 years.
0:11.3	Since he started the Rochon Global portfolio in 1993, his annual returns net of fees have
0:16.5	been 13.6% versus just 9.2% for the benchmark.
0:21.6	Franchois investment approach is firmly rooted in three principles.
0:25.7	Patience, humility, and rationality, all of which are discussed in depth during this conversation.
0:32.0	During this chat,
0:33.0	Francois and I also cover what led him to work with John Philip Bouchard in the early days of
0:38.0	Javanney Capital, the foundational investment principles at Javanney,
0:42.0	how he realized so early in his career that you can't predict the stock market,
0:47.0	the tribal gene that sets 5% of investors apart from the rest, how we can be mentally prepared for declines in the stock market, his biggest
0:55.6	investment mistakes, how Franchoah views Berkshire Hathaway's role in his portfolio given
1:00.6	Berkshire's massive size, how Francho assesses the strength of a brand, his view
1:05.8	on the valuation of today's market, what lights his passion for investing, his favorite
1:11.0	investment books, and so much more.
1:13.0	This is a very rare conversation with a phenomenal investor,
1:16.5	so I really think you're going to enjoy this one.
1:19.0	With that, let's dive right into today's episode with Franshwa Rochon.
1:23.0	Celebrating 10 years, you are listening to the Investors Podcast Network.
1:31.0	Since 2014, we studied the financial markets and read the books that
1:35.2	influence self-made billionaires the most. We keep you informed and prepared for
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.