RWH016: The Best Of The Best w/ François Rochon

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>02:51 - How François Rochon began his market-beating investment journey three decades ago.</li><li>08:12 - How the “margin of safety” concept guides him in business, markets, &amp; life.</li><li>10:14 - How to succeed by investing in great companies at reasonable valuations.</li><li>12:12 - Why it’s critical for investors to have a long time horizon.</li><li>15:37 - How to become a better investor by cultivating humility &amp; preparing for disappointment.</li><li>16:48 - What he learned from Warren Buffett about the importance of owner’s earnings.</li><li>21:47 - Why François resists the temptation to overpay, even for great companies.</li><li>25:12 - Why he highlights his investment mistakes in an annual list called the Podium of Errors.</li><li>34:03 - How to survive &amp; thrive by taking a middle-of-the-road approach to diversification.&nbsp;</li><li>38:30 - Why he believes that market predictions are a waste of time.</li><li>40:24 - How he handles bear markets emotionally &amp; uses them to improve his portfolio.</li><li>43:10 - Why he loves companies like CarMax, Visa, Alphabet, &amp; Markel.</li><li>47:56 - How the president of Constellation Software embodies everything he seeks in a leader.</li><li>53:59 - How the best businesses remind François of the beauty &amp; uniqueness of great artworks.<strong>&nbsp;</strong></li><li>1:11:24 - How he was influenced by studying &amp; meeting investment icon Peter Lynch and what François learned from investing legend Lou Simpson.</li><li>1:21:49 - How the best investors succeed by straying from the tribe &amp; forging their own path.</li><li>1:15:44 - How it helps him to read broadly about philosophy, art, science, history, &amp; psychology.</li><li>1:26:16 - Why it’s rational, not naive, to be an “unwavering optimist.”</li><li>1:35:16 - Why François believes that persistence &amp; patience are the key to human achievement.</li></ul><p><br></p><p><em>Disclaimer: Slight discrepancies in the times