We Study Billionaires - The Investor’s Podcast Network
Business:Investing
On today’s episode, Clay Finck does analysis on two high-quality compounders – Topicus.com and Copart. Topicus.com is a spin off of Constellation Software and is at a size similar to what CSI was back in 2010. They provide vertical market software and vertical market platforms in Europe. Copart provides online auctions and vehicle remarketing services in the United States, Canada, and many other countries.
Both companies have strong competitive advantages, strong fundamentals, high insider ownership, and managers who think and act like owners, which led Clay to researching them further during this episode.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
02:05 - Clay’s biggest takeaways from reading 100 Baggers by Chris Mayer.
07:00 - Chuck Akre’s 3 legged stool approach to compounding wealth.
09:00 - Clay’s assessment of Topicus as an individual stock.
08:00 - Topicus’s history as a business.
10:00 - Why Topicus operating in Europe is potentially a big competitive advantage.
29:00 - Why Copart is well-positioned to prevent competition from taking their market share.
47:00 - Copart’s insider ownership.
54:00 - Potential risks for Topicus and Copart.
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.
TIP611: The Bear Case for China w/ Kyle Bass
BTC171: Bitcoin Tech Update with Alex Leishman (Bitcoin Podcast)
TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra
TIP609: Fooled by Randomness by Nassim Taleb
BTC170: Bitcoin's Hardware Future w Bob Burnett (Bitcoin Podcast)
RWH041: Ignore the Crowd w/ Super-investor Bruce Berkowitz
TIP608: Long-Term Compounding w/ Chris Mayer
BTC169: Bitcoin Changing Africa's Energy and Finance Incentives w/ Alex Gladstein (Bitcoin Podcast)
TIP607: Small But Mighty: Uncovering Smallcap Value w/ Paul Andreola
TIP606: Multi-Bagger First Principles w/ Ian Cassel
BTC168: Bitcoin Discreet Log Contracts DLC on LN Markets w/ Romain Rouphael (Bitcoin Podcast)
TIP605: Untangling Global Outperformers w/ Dede Eyesan
TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve
BTC167: How Decentralized is Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green
TIP602: Same as Ever w/ Morgan Housel
BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
RWH040: Go Global w/ Laura Geritz
TIP601: Junk to Gold by Billionaire Willis Johnson
BTC165: Bitcoin's 2024 Technical Overview w/ NVK (Bitcoin Podcast)
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Forward Guidance
Macro Voices
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast