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Learning from Small Mistakes and the Success of Constellation Software
Discussion on the importance of making small mistakes for learning and opportunities, followed by an analysis of Constellation Software's history, acquisition strategy, and recent activity in buying businesses. The chapter also explores the challenges and risks associated with investing in Canadian software companies.
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig outlines why he put Constellation Software on his watchlist and is waiting to buy the dip. Hari’s pick, Brookfield Corporation, is one of the world’s largest alternative investment management companies with over $725B of assets under management. Tobias pitches Winnebago, a value stock coming off the strong demand from COVID.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:33 - Why Hari is bullish on Brookfield Corporation (BN)
07:56 - Why Hari is not bullish on Brookfield Asset Management (BAM)
22:37 - Why Stig is bullish on Constellation Software (TSE: CSU)
37:13 - Two different methods to value Constellation Software
59:39 - Why Tobias is bullish on Winnebago Industries (WGO)
1:11:52 - How can you pitch your stock to the TIP Mastermind Community
1:47:02 - How to meet up with TIP in NYC in October
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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