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.
RWH017: Fidelity Legend Joel Tillinghast
Classic 22: Life and investing w/ Mohnish Pabrai
BTC105: It's Bitcoin Not Crypto w/ Cory Klippsten (Bitcoin Podcast)
TIP497: Lessons from Billionaire Howard Marks
TIP496: Mastermind Q4 2022 w/ Tobias Carlisle and Hari Ramachandra
TIP495: The Changing Composition of Money w/ Alfonso Peccatiello
BTC104: The US FED & Treasury Need Bitcoin w/ Luke Mikic (Bitcoin Podcast)
TIP494: The Worldly Wisdom of Charlie Munger
RWH016: The Best Of The Best w/ François Rochon
TIP493: Should CEOs Have Term Limits? w/ Bill George
BTC103: Bitcoin Policy Update w/ Jason Brett (Bitcoin Podcast)
TIP492: The Best Investor You've Never Heard of
TIP491: Macro and the Energy Market w/ Lyn Alden
TIP490: Lessons from Home Depot, Sam Walton and giving away $2 Billion w/ Billionaire Bernie Marcus
BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast)
TIP489: Intrinsic Value Analysis of Dollar General & Apple
TIP488: Current Market Conditions W/ Richard Duncan
BTC101: 4th Quarter Macro Overview w/ Luke Gromen (Bitcoin Podcast)
TIP487: Warren Buffett’s 12 Investment Principles (with a Case Study)
TIP486: Macro Investing w/ Cullen Roche
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