General Investing >> Money Manager Interviews >> April 5, 2013

Patience as Key to Value-Focused Investing

Rochon, Francois
Francois Rochon is President and Portfolio Manager at Montreal-based Giverny Capital. Mr. Rochon was educated as an engineer at the Ecole Polytechnique of Montreal, and worked as a Researcher and Network Engineer for INRS-Telecom and Teleglobe Canada. After managing family accounts between 1993 and 1996, he joined Montrusco & Associates as an Analyst and was managing U.S. accounts totaling more than $250 million. In 1998 he founded Giverny Capital, a private wealth management firm rooted in his investment philosophy of owning outstanding companies for the long term. Mr. Rochon has written for numerous media outlets and offers a twice-monthly investing column in Montreal's The Gazette newspaper. A chapter in Andy Kilpatrick's book, Of Permanent Value: The Story of Warren Buffett is written about Mr. Rochon's career. Profile
TWST: Please introduce us to Giverny Capital and the products and services you offer.

Mr. Rochon: It’s pretty simple. We manage money through discretionary accounts, so it’s