Giverny Capital Asset Management, LLC (“GCAM”) is a partnership between Giverny Capital Inc. of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC. David manages the GCAM portfolio for clients and works closely with the Giverny Capital team on investment ideas and stock research. 

David spent nearly 20 years at Ruane, Cunniff, taking on a variety of responsibilities: analyst, portfolio manager, co-manager and director of Sequoia Fund and, from 2016-2018, Chairman and CEO of the firm. He supervised Ruane’s research team of about 10 stock analysts for a decade. In 2010, David and his Sequoia co-manager Bob Goldfarb were named equity portfolio managers of the year by the mutual fund ratings service Morningstar, in recognition of Sequoia’s outstanding long-term track record.

David and his Giverny Capital partners are strong believers in the merits of owning a concentrated portfolio of outstanding companies. GCAM expects to hold between 20 and 30 stocks in most economic environments and envisions low portfolio turnover. We see ourselves as business owners. When we find a top-flight management team at the helm of a strong business model, we expect to hold it for years. Because GCAM and Giverny Capital share ideas, research and investment philosophy, the firms may own many of the same stocks. You can find more information about Giverny Capital at www.givernycapital.com under the US Investors tab.

Outside of GCAM, David serves on the board of directors of Central Securities Corp., a closed-end fund. He’s a member of the New York Advisory Board of the Trust for Public Land, which promotes the creation and protection of land for people, including greater access to parks, trails, playgrounds and open space. He’s married with one son and holds a BA from Columbia University, 1986.

Francois Rochon was educated as an engineer at the École Polytechnique of Montreal.  After graduating with his Masters Degree (in Science), he worked as a researcher and network engineer for INRS-Telecom and Teleglobe Canada.

Following his lifelong passion for investing, he decided to focus his career on professional money management.  After managing family accounts between 1993 and 1996, he joined Montrusco & Associates as an analyst and was then promoted to Portfolio Manager.  At Montrusco, Francois managed US accounts totaling more than $250 million.

In December 1998, Francois founded Giverny Capital in order to offer investment management services to clients based on his investment philosophy of owning outstanding companies for the long term.

Francois has writen a regular investment column in the magazine "Les Affaires Plus" and has been interviewed by MSN Money and a number of television programs such as “Capital-Actions” on the RDI network .  He also had a column on Webfin.com and La Presse's web site for a few years.  Now you can watch his weekly video presentations on lesaffaires.com and read his column in "The Gazette" on tuesdays (twice a month).

A chapter in Andy Kilpatrick’s book, “Of Permanent Value: The Story of Warren Buffett” is written about Francois’ career.  

He also sits on various boards of directors.