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Francis Chou
By admin - Posted on May 27th, 2008
Tagged: THE cookie-cutter office building stacked amid high-rise condos and streetside retail is not where you'd expect to find the man who oversees $1.2 billion in funds, and who is said to be Canada's top stock-market bargain hunter. Taped to his door is a plain piece of paper that has been run through a printer: "Chou Associates Management Inc.," it reads, implying that nothing of much importance is happening here. Francis Chou's funds have suffered a severe beating lately, but he isn't calling in the coroners.
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THE cookie-cutter office building stacked amid high-rise condos and streetside retail is not where you'd expect to find the man who oversees $1.2 billion in funds, and who is said to be Canada's top stock-market bargain hunter. Taped to his door is a plain piece of paper that has been run through a printer: "Chou Associates Management Inc.," it reads, implying that nothing of much importance is happening here. Francis Chou's funds have suffered a severe beating lately, but he isn't calling in the coroners.
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By admin - Posted on April 28th, 2008
Tagged: These are notes from two speeches given by Francis Chou of Chou associates at the Ben Graham Center for Value Investing of the Richard Ivey School of Business in 2006 and 2007.
These are notes from two speeches given by Francis Chou of Chou associates at the Ben Graham Center for Value Investing of the Richard Ivey School of Business in 2006 and 2007.
By admin - Posted on March 17th, 2008
Tagged: In this year's letter, Francis discusses among other things currency hedging, Credit-default swaps, volatility, markets in general and management fees
In this year's letter, Francis discusses among other things currency hedging, Credit-default swaps, volatility, markets in general and management fees
By admin - Posted on August 28th, 2007
Tagged: Canadian Value Investor Francis Chou says "Despite the current turmoil in the marketplace we continue to have problems finding compelling bargains in common stocks. We are starting, however, to see some interesting developments. The prices of public debt securities of some companies have come down to levels that may provide returns similar to equities. These securities also come with the added safety feature of being senior to equities in the corporate capital structure."
Canadian Value Investor Francis Chou says "Despite the current turmoil in the marketplace we continue to have problems finding compelling bargains in common stocks. We are starting, however, to see some interesting developments. The prices of public debt securities of some companies have come down to levels that may provide returns similar to equities. These securities also come with the added safety feature of being senior to equities in the corporate capital structure."
By admin - Posted on March 18th, 2007
Tagged: The Chou Funds 2006 Annual Report is out. Francis Chou of Chou Funds has average month-end cash balance of 37%. Chou chose to maintain cash because he was not able to find investments meeting his Margin of Safety criteria. He continues to have problems finding compelling bargains in the marketplace. Not only are the P/E ratios and price-to-book values still high, and dividend yields low, relative to historic valuations, the number of companies that are underpriced is at an all time low. Francis Chou cautions all investors that their chances of a large permanent loss of capita
By admin - Posted on February 21st, 2007
Tagged: Francis Chou's bottom-fishing puts him among top stock and bond investors. He is one of Canada's most successful mutual fund managers and also one of the most modest. At the age of 51, Francis Chou is in charge of $1.2-billion of other people's money. He is both a top stock picker and a record-setting bond manager.
Success and a tidy personal fortune have come to Mr. Chou through a remarkable odyssey. Born in India, he immigrated to Canada in 1976, got a job as a telephone repair man for Bell Canada and worked for seven years, during which time he discovered the legendary Ben Graham, co-author, with David Dodd, of Security Analysis, the book that established value investing as a discipline.
The Chou Funds 2006 Annual Report is out. Francis Chou of Chou Funds has average month-end cash balance of 37%. Chou chose to maintain cash because he was not able to find investments meeting his Margin of Safety criteria. He continues to have problems finding compelling bargains in the marketplace. Not only are the P/E ratios and price-to-book values still high, and dividend yields low, relative to historic valuations, the number of companies that are underpriced is at an all time low. Francis Chou cautions all investors that their chances of a large permanent loss of capita
By admin - Posted on February 21st, 2007
Tagged: Francis Chou's bottom-fishing puts him among top stock and bond investors. He is one of Canada's most successful mutual fund managers and also one of the most modest. At the age of 51, Francis Chou is in charge of $1.2-billion of other people's money. He is both a top stock picker and a record-setting bond manager.
Success and a tidy personal fortune have come to Mr. Chou through a remarkable odyssey. Born in India, he immigrated to Canada in 1976, got a job as a telephone repair man for Bell Canada and worked for seven years, during which time he discovered the legendary Ben Graham, co-author, with David Dodd, of Security Analysis, the book that established value investing as a discipline.
Francis Chou's bottom-fishing puts him among top stock and bond investors. He is one of Canada's most successful mutual fund managers and also one of the most modest. At the age of 51, Francis Chou is in charge of $1.2-billion of other people's money. He is both a top stock picker and a record-setting bond manager.
Success and a tidy personal fortune have come to Mr. Chou through a remarkable odyssey. Born in India, he immigrated to Canada in 1976, got a job as a telephone repair man for Bell Canada and worked for seven years, during which time he discovered the legendary Ben Graham, co-author, with David Dodd, of Security Analysis, the book that established value investing as a discipline.
