Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
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  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
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  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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FR

Francois Rochon

T3InvestorsQuality and growth compounders

Managed over $250 million of US accounts at Montrusco & Associates, then founded Giverny Capital in December 1998 to own outstanding companies for the long term.

Giverny Capital

No book, but a three-decade letter series that documents an unusually candid annual scorecard of forecast versus outcome.

25 letters · 2 articles · 11 books they recommend

Recommends 11Letters 25Writing 2Profiles 2Links 1
Berkshire Hathaway Letters to ShareholdersBerkshire Hathaway Letters to Shareholders
T1 Berkshire Hathaway Letters to Shareholders
Warren Buffett · 2013
Open LibraryGoodreads

Every Berkshire annual letter since 1965, in order, as the company grew.

“In my opinion, Warren Buffett's group of annual letters is the best teaching anyone could find in the history of business.” — Francois Rochon

Source: Rochon calling the annual letters the best business teaching ever written

Also recommended by: Andrew Wilkinson, Arnold Van Den Berg and 4 others

Common Stocks and Uncommon ProfitsCommon Stocks and Uncommon Profits
T1 Common Stocks and Uncommon Profits
Philip A. Fisher · 1958
Open LibraryGoodreads

Buy a few outstanding growth companies, research them by scuttlebutt, and hold.

“I owe a lot to Mr Fisher. He wrote books out of pure altruism (he was already wealthy at that time) to simply share his experience with us. Giverny Capital owes a part of its existence to him.” — Francois Rochon

Source: Rochon on what Giverny Capital owes to Fisher

Also recommended by: Arnold Van Den Berg, Bill Stewart and 9 others

One Up on Wall StreetOne Up on Wall Street
T3 One Up on Wall Street
Peter Lynch, John Rothchild · 1989
Open LibraryGoodreads

The amateur's edge argument from the Magellan record.

“In 1992, I bought the book 'One Up on Wall Street' by Peter Lynch. I read it in a few hours and it was an unforgettable night. With 'The Intelligent Investor' this book is likely one of the best…” — Francois Rochon

Source: Rochon on reading Lynch's book in a single unforgettable night

Also recommended by: David Rolfe, Francisco Garcia Parames and 8 others

Paths to Wealth Through Common StocksPaths to Wealth Through Common Stocks
T4 Paths to Wealth Through Common Stocks
Philip A. Fisher · 1960
Open LibraryGoodreads

“I've read all of Mr. Fisher's books. There is a chapter in 'Paths to Wealth Through Common Stocks' that I want to recommend because few investors have heard about it. It is almost a historical…” — Francois Rochon

Source: Rochon on hunting down Fisher's forgotten 1960 book

Also recommended by: Mohnish Pabrai, Warren Buffett

Poor Charlie's AlmanackPoor Charlie's Almanack
T1 Poor Charlie's Almanack
Charles T. Munger, Peter D. Kaufman · 2005
Open LibraryGoodreads

Speeches making the case for a latticework of mental models from many fields.

“Another book that should be in the hall of fame is Poor Charlie's Almanack by Peter D. Kaufman. This great book goes well beyond the field of finance and into philosophy and life values.” — Francois Rochon

Source: Rochon putting the book in his personal hall of fame

Also recommended by: Andrew Wilkinson, Charlie Munger and 25 others

The Art of SpeculationThe Art of Speculation
T2 The Art of Speculation
Philip L. Carret · 1930
Open LibraryGoodreads

Buying securities to profit from changes in value, with twelve commandments.

“The oldest book in my hall of fame is not The Intelligent Investor, but The Art of Speculation by Philip Carret. The book was published in 1930 and the best part in the book is the '12 Commandments'.” — Francois Rochon

Source: Rochon on the oldest book in his hall of fame

Also recommended by: Mohnish Pabrai

The Essays of Warren BuffettThe Essays of Warren Buffett
T2 The Essays of Warren Buffett
Lawrence A. Cunningham, Warren Buffett · 1997
Open LibraryGoodreads

Berkshire's shareholder letters arranged by topic: governance, valuation, mergers.

“By far, the best investor of all time is Warren Buffett. I have read everything I could find (past and present) about him.” — Francois Rochon

Source: Rochon on reading everything ever published about Buffett

Also recommended by: Christopher Bloomstran, Frank Martin and 10 others

The Intelligent InvestorThe Intelligent Investor
T1 The Intelligent Investor
Benjamin Graham · 1949
Open LibraryGoodreads

Treat stocks as parts of businesses and buy only with a margin of safety.

“Since 1993, the cornerstone of our investment philosophy is based on Benjamin Graham's book 'The Intelligent Investor', first published in 1949.” — Francois Rochon

Source: Rochon on the book as the cornerstone of Giverny Capital's philosophy

Also recommended by: Benjamin Graham, Christopher Bloomstran and 26 others

Plain Talk: Lessons from a Business MaverickPlain Talk: Lessons from a Business Maverick
T3 Plain Talk: Lessons from a Business Maverick
Ken Iverson · 1997
Open LibraryGoodreads

Nucor's chief executive on flat structure, incentive pay and minimills

“Another great builder of our time was Kenneth Iverson. In just a few decades, Iverson transformed a small, nearly bankrupt company into the largest and most profitable steel company in the U.S…” — Francois Rochon

Source: Rochon on Ken Iverson and the building of Nucor

The OutsidersThe Outsiders
T3 The Outsiders
William N. Thorndike · 2012
Open LibraryGoodreads

Eight CEOs who beat the market by allocating capital, not by running operations.

“The Outsiders is a terrific book by William Thorndike that profiles eight cases of terrific CEOs and their 'radically rational blueprint for success.' The book highlights the importance of capital…” — Francois Rochon

Source: Rochon on Thorndike's eight radically rational CEOs

Also recommended by: Andrew Wilkinson, Dan Loeb, Mohnish Pabrai and 11 others

So Far, So Good: The First 94 YearsSo Far, So Good: The First 94 Years
T3 So Far, So Good: The First 94 Years
Roy R. Neuberger · 1997
Open LibraryGoodreads

Memoir of a hedged-equity pioneer's seven decades on Wall Street

“I sometimes reread older books like 'So Far, So Good - the First 94 Years,' written by Roy Neuberger in 1997. It always fascinates me how things are basically the same on Wall Street. Sound…” — Francois Rochon

Source: Rochon on rereading Neuberger and finding Wall Street unchanged

Also recommended by: Jim Rogers

Tags

giverny-capitalequitiesasset-managementquality-investingowner-mentalitylong-term-holdingbuffett-influencecanadian-investing