Francois Rochon

T3Investors Recommendations Quality and growth compounders

Founder and President, Giverny Capital 1998-present; manager of the Rochon Global Portfolio since 1993

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

25 letters · 2 articles · 12 books they recommend

Letters 25

givernycapital.com/en/letters-to-our-partners/

Giverny Capital's letters index paginates three deep (?wpv_view_count=234&wpv_paged=2 and =3) and carries every annual letter to partners from 2001 through 2025 as a direct PDF under givernycapital.com/wp-content/uploads/ - 25 letters in all. These are the Rochon Global Portfolio letters: Rochon reports the Rochon Global Portfolio's return in each one. Letters for 1993-2000, which he quotes in later letters, are not posted.

Articles and essays 2

Three wealth lessons I learned from Warren BuffettMontreal Gazette, 2016
What I would favor and what I would avoid in 2012Montreal Gazette, 2012

Books they recommend 12

Rochon writes about the books in his personal hall of fame in the Giverny annual letters; Investment Masters Class collects the passages.

Rochon calling the annual letters the best business teaching ever written 1

Investing 1

Berkshire Hathaway Letters to Shareholders

Warren Buffett

source

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

Rochon on what Giverny Capital owes to Fisher 1

Investing 1

Common Stocks and Uncommon Profits

Philip A. Fisher

source

“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.”

Rochon on reading Lynch's book in a single unforgettable night 1

Investing 1

One Up on Wall Street

Peter Lynch, John Rothchild

source

“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…”

Rochon on the book giving him a passion for the stock market 1

Investing 1

One Up on Wall Street

Peter Lynch, John Rothchild

source

“I came across a book titled 'One up on Wall Street' by Peter Lynch. I found it so exciting I read it straight into the night. The book helped me discover a passion for the stock market that has…”

Rochon on hunting down Fisher's forgotten 1960 book 1

Investing 1

Paths to Wealth Through Common Stocks

Philip A. Fisher

source

“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…”

Rochon on Ken Iverson and the building of Nucor 1

Business and Management 1

Plain Talk: Lessons from a Business Maverick

Ken Iverson

source

“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…”

Rochon putting the book in his personal hall of fame 1

Investing 1

Poor Charlie's Almanack

Charles T. Munger, Peter D. Kaufman

source

“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.”

Rochon on rereading Neuberger and finding Wall Street unchanged 1

Biography and Memoir 1

So Far, So Good: The First 94 Years

Roy R. Neuberger

source

“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…”

Rochon on the oldest book in his hall of fame 1

Investing 1

The Art of Speculation

Philip L. Carret

source

“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'.”

Rochon on reading everything ever published about Buffett 1

Investing 1

The Essays of Warren Buffett

Lawrence A. Cunningham, Warren Buffett

source

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

Rochon on the book as the cornerstone of Giverny Capital's philosophy 1

Investing 1

The Intelligent Investor

Benjamin Graham

source

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

Rochon on Thorndike's eight radically rational CEOs 1

Business and Management 1

The Outsiders

William N. Thorndike

source

“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…”

Where they publish 1

Investment Masters Class book recommendations

Francois Rochon

Letters 25

Articles and essays 2

Books they recommend 12

Rochon calling the annual letters the best business teaching ever written 1

Investing 1

Rochon on what Giverny Capital owes to Fisher 1

Investing 1

Rochon on reading Lynch's book in a single unforgettable night 1

Investing 1

Rochon on the book giving him a passion for the stock market 1

Investing 1

Rochon on hunting down Fisher's forgotten 1960 book 1

Investing 1

Rochon on Ken Iverson and the building of Nucor 1

Business and Management 1

Rochon putting the book in his personal hall of fame 1

Investing 1

Rochon on rereading Neuberger and finding Wall Street unchanged 1

Biography and Memoir 1

Rochon on the oldest book in his hall of fame 1

Investing 1

Rochon on reading everything ever published about Buffett 1

Investing 1

Rochon on the book as the cornerstone of Giverny Capital's philosophy 1

Investing 1

Rochon on Thorndike's eight radically rational CEOs 1

Business and Management 1

Where they publish 1

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