We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s episode, Clay chats with Chris Mayer about long-term compounding and a few of his holdings, including Constellation Software. Chris is well-known for his book, 100 Baggers, and has inspired thousands of readers to become better investors. If you’re interested in investing in multi-baggers, then this episode is a must-listen.
Chris is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:27 - A review of how Chris’s fund performed in 2023.
06:37 - Where Chris focuses much of his attention in managing a fund.
12:39 - How Chris discovered Constellation Software.
18:02 - How the competitive landscape for Constellation Software has developed over the years.
24:58 - The potential drawbacks of Constellation Software’s decentralized business model.
28:09 - Chris’s thoughts on Constellation Software’s ~60% increase in their share price over the past year.
28:53 - How Constellation 2.0 has developed in recent years.
33:04 - Why Constellation Software has started performing spinoffs.
39:42 - Whether Constellation will continue to do more spinoffs in the future or not.
37:05 - Why Chris decided to invest in the Constellation Software spinoffs in his fund (Topicus & Lumine).
39:32 - Why Topicus is targeting higher organic growth in their subsidiaries.
55:12 - Chris’s thoughts on the valuation of Constellation Software, Topicus, and Lumine.
61:56 - How Chris would consider allocating fresh capital today in his fund.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
SPONSORS
Support our free podcast by supporting our 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!
Learn more about your ad choices. Visit megaphone.fm/adchoices
RWH026: Wealth & Health w/ Jason Karp
TIP546: The Holy Grail of Long-Term Value Investing
BTC126: Redeeming GBTC w/ David Bailey (Bitcoin Podcast)
RWH025: Patient Capital W/ Samantha McLemore
TIP545: The Third Sea Change Has Begun w/ Howard Marks
BTC125: James Lavish On Why Bitcoin Performs From Here (Bitcoin Podcast)
TIP544: Life-Changing Returns in Cyclicals & Spinoffs
TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
TIP542: The Crisis is Bigger Than Banks w/ Jeremy Grantham
BTC124: Bitcoin is a Strategic National Necessity w/ Pierre Rochard (Bitcoin Podcast)
TIP541: How Equity Crowdfunding is Changing the Game w/ Daniel Gallancy
RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner
TIP540: Lessons in Life and Business from a Self-Made Billionaire w/ Andrew Wilkinson
BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast)
TIP539: The Banking Crisis Explained w/ Shawn O'Malley
TIP538: Richer, Wiser, Happier, Q1 2023 w/ William Green & Stig Brodersen
TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
BTC122: The US Treasury May Need Private Stable Coins w/ Matthew Pines (Bitcoin Podcast)
TIP536: Buffett and Munger’s Principles and Mental Models
RWH023: Defensive Investing In Dangerous Times W/ Guy Spier
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