Francis Chou

Chou Associates; deep-value, distressed debt, Canadian

Francis Chou is the founder and portfolio manager of Chou Associates Management Inc., a Toronto-based investment firm. A self-taught investor who began his career as a telephone repairman, he built a track record spanning decades by applying Graham-and-Buffett-style deep-value analysis to equities and distressed debt. He is known for candid annual letters to unitholders and a willingness to hold cash when attractive opportunities are scarce.