Choosing stocks the Rochon way

Francois Rochon is a celebrated portfolio manager. His firm, Giverny Capital, is known for its stellar track record, delivering over 14.5 per cent returns against the market benchmark of 9 per cent since its inception in 1993. In a recent interview, Rochon discussed his investment philosophy, including his entry into finance. Here are a few takeaways from it. Journey into the world of finance Having studied engineering, Rochon never had any formal training in finance. Yet, his interest was piqued when he came across Peter Lynch's book 'One Up on Wall Street'. This led him to read about the legendary investor duo, Warren Buffet and Charlie Munger, and their company Berkshire Hathaway's legendary annual letters, which had a deep impact on him. In Rochon's words, "Well, I believe the first book I read was 'One Up in Wall Street' by Peter Lynch, and it was first time really that I read about value investing. The idea that a comp

This article was originally published on December 29, 2023.