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#277 - Liberty RPF - Exploration As a Service, Creator Value, Constellation Software, AI/ChatGPT

The Fort

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How to Buy a VMS Business

Consolation often buys distressed companies and runs them off, which depresses their organic growth. But maybe they bought a gigantic disservice company for one time, EBITDA, and then they stabilize it - even if the optics are bad. So being willing to do things that look bad on the surface, but actually create value, I think is another kind of part of their differentiation.

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