Letters To Our Partners

Quarter

2015

2014

2013

2012

2011

2010

2009

2008

2007

Annual
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2016

For the year 2016, the return for the Rochon Global Portfolio was 7.3% versus 14.3% for our benchmark.

Read... (PDF 724 KB)


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2015

For the year 2015, the return for the Rochon Global Portfolio was +20.2% versus +13.4% for our benchmark, an outperformance of 6.8%.  

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2014

For the year 2014, the return for the Rochon Global Portfolio was 28.1% versus 17.8% for our benchmark.

Read... (PDF 1 MB)


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2013

For the year 2013, our portfolio’s return was 50.2% versus 38.9% for our benchmark. 

Read... (PDF 681 KB)


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2012

For the year  2012, our portfolio’s return was 21.5% versus 12.5% for our benchmark.

Read... (PDF 565 KB)


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2011

For the year ending December 31st 2011, our portfolio’s return was +7.8% versus a loss of 1.1% for our benchmark.

Read... (PDF 710 KB)


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2010

In 2010,  the companies in our portfolio continued to fly over much of the ambient doom and gloom and, as a group, generated record profits.

Read... (PDF 174 KB)


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2009

The year 2009  was an emotionfilled year when investors felt as though they were walking a tightrope across what seemed, at times, like an economic ravine.

Read... (PDF 254 KB)


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2008

The opportunity of a generation !

Read... (PDF 646 KB)


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2007

We are going through a rough phase. We want with this report to explain the causes of the disappointing results of the last two years.

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2006

All men make mistakes. But only wise men do learn from their mistakes (Winston Churchill).

Read... (PDF 244 KB)


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2005

For the year ending December 31st 2005, the return on the Giverny Global portfolio was +11.5% in Canadian currency compared with +3.6% for our weighted benchmark.

Read... (PDF 300 KB)


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2004

Beyond a sound investment philosophy, there is one element necessary to any art: creativity.

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2003

The old saying that the military are always ready to fight the previous war fits like a glove to Wall Street strategists.

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2002

For the year 2002, our return was -3% compared to -18% for our benchmark and -23% for the S&P 500.

Read... (PDF 258 KB)


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2001

For the year 2001, our return was +15% compared to 0% for our benchmark  and –6% for the S&P 500.

Read... (PDF 48 KB)