François Rochon
Giverny Capital
Quality businesses with growing earnings, held for years and judged by how their intrinsic value grows.
Best for Quality investors who measure progress by business results, not stock prices.
Why I read François
François's annual letter tracks the owner earnings of every holding, and every year he reminds partners that trailing the market some years is the price of doing this well.
Links go to the firm's own site unless marked "via", which means a public copy of a letter the firm no longer hosts. Official letters page ↗