TIP800: Navigating an AI-Driven Market w/ François Rochon
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You're listening to TIP. On today's episode, we bring back returning guest and investing legend, Franchois Roshan. Franchois is the founder and portfolio manager at Javerni Capital, which he's been running for over 30 years. He believes that owning great businesses at fair prices Staying fully invested and exercising patience are the keys to long-term investing success.
Since Franchois started the Roshan Global portfolio in 1993, he's compounded capital at 13.4% per year net of fees, while the S<unk>P 500 compounded at 10.8%. He's one of the rare investors who have outperformed the market over multiple decades. During this conversation, we discuss his key takeaways and lessons from 2025, why Francois views AI as a revolution on par with the early internet, the circular investment dynamic in AI infrastructure, and what this means for companies like Nvidia, how Alphabet and Meta are using their massive CapEx spend to both defend and grow their businesses, why Francois believes that shares of Constellation software are cheap following the software sell-off, what made Mark Leonard one of Franchois's favorite CEOs of all time, and the three essential qualities every successful long-term investor must develop. That's rationality, humility, and patience.
With that, I really hope you enjoy my conversation with Francois Rochon. Since 2014 and through more than 190 million downloads, we break down the principles of value investing and sit down with some of the world's best asset managers. We uncover potential opportunities in the market and explore the intersection between money, happiness, and the art of living a good life. This show is not investment advice.
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