IN THIS EPISODE, YOU’LL LEARN:

• 02:51 - How François Rochon began his market-beating investment journey three decades ago.


• 08:12 - How the “margin of safety” concept guides him in business, markets, & life.


• 10:14 - How to succeed by investing in great companies at reasonable valuations.


• 12:12 - Why it’s critical for investors to have a long time horizon.


• 15:37 - How to become a better investor by cultivating humility & preparing for disappointment.


• 16:48 - What he learned from Warren Buffett about the importance of owner’s earnings.


• 21:47 - Why François resists the temptation to overpay, even for great companies.


• 25:12 - Why he highlights his investment mistakes in an annual list called the Podium of Errors.


• 34:03 - How to survive & thrive by taking a middle-of-the-road approach to diversification. 


• 38:30 - Why he believes that market predictions are a waste of time.


• 40:24 - How he handles bear markets emotionally & uses them to improve his portfolio.


• 43:10 - Why he loves companies like CarMax, Visa, Alphabet, & Markel.


• 47:56 - How the president of Constellation Software embodies everything he seeks in a leader.


• 53:59 - How the best businesses remind François of the beauty & uniqueness of great artworks. 
  


• 1:11:24 - How he was influenced by studying & meeting investment icon Peter Lynch and what François learned from investing legend Lou Simpson.


• 1:21:49 - How the best investors succeed by straying from the tribe & forging their own path.


• 1:15:44 - How it helps him to read broadly about philosophy, art, science, history, & psychology.


• 1:26:16 - Why it’s rational, not naive, to be an “unwavering optimist.”


• 1:35:16 - Why François believes that persistence & patience are the key to human achievement.

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, and the other community members.


• François Rochon’s Montreal-based investment firm, Giverny Capital.
  


• 
  Giverny Capital Asset Management, his U.S.-based partnership with David Poppe.


• 
  PanzaCollection of art built by Count Giuseppe Panza, one of François’ heroes.


• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.


• William Green’s Twitter.
  

NEW TO THE SHOW?

• 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:

• Bluehost


• Fintool


• PrizePicks


• Vanta


• Onramp


• SimpleMining


• Fundrise


• TurboTax

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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