We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s episode, Clay Finck does a deep dive into Constellation Software (Ticker: $CSU).
Constellation Software is a Canadian holding company that has acquired over 600 vertical market software businesses. The company was founded by Mark Leonard, and has delivered exceptional returns to shareholders since their IPO in 2006. The stock has had an average annual return of over 34% from 2006 through the end of 2022. If you are like Clay and enjoy learning about high-quality businesses, then you won’t want to miss this episode.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:01 - What makes Constellation such a high-quality business.
08:32 - The similarities between Mark Leonard and Warren Buffett.
09:57 - What Constellation’s business model is.
19:32 - How Constellation garnered a reputation that founders are more than willing to sell to.
21:39 - Clay’s takeaways from reading Mark Leonard’s shareholder letters.
42:21 - How Clay views the valuation of Constellation Software today.
44:10 - Why Clay took a position in Constellation Software to hold for the long-term.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
TIP521: Warren Buffett's Shareholder Letters
RWH021: Investing Amid Uncertainty w/ Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon
TIP520: Investing Through Post-bubble Markets w/ Jamie Catherwood
BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast)
TIP519: The Education of a Value Investor by Guy Spier
TIP518: The "Buy" List for 2023 w/ Eddy Elfenbein
BTC114: Bitcoin is Banking and Electrifying the Developing World w/ Lyn Alden and Alyse Killeen (Bitcoin Podcast)
TIP517: Mohnish Pabrai's Dhandho Investment Framework
TIP516: Navigating A Real Estate Market On The Brink w/ Patrick Carroll
BTC113: Bitcoin Lightning Tackling Spam w/ Vida Founder Lyle Pratt (Bitcoin Podcast)
TIP515: The Little Book of Valuation by Aswath Damodaran
TIP514: Permanent Supply Chain Disruptions That Will Sink the Economy w/ Jim Rickards
We Study Billionaires by The Investor's Podcast Network
BTC112: Bitcoin Macro Mastermind 1st Q 2023 w/ Joe Carlasare, Steven McClurg, & Jeff Ross (Bitcoin Podcast)
TIP513: Warren Buffett's Money Mind
RWH020: The Disciplined Growth Investor w/ Fred Martin
TIP512: Top Takeaways from 2022 w/ Trey Lockerbie
BTC111: Nostr - Decentralized Social Media and Bitcoin w/ William Casarin (Bitcoin Podcast)
TIP511: How to Pick Stocks like Peter Lynch
TIP510: Money and Happiness w/ Stig Brodersen and William Green
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast
Money Tree Investing
The Disciplined Investor