No More Investing Secrets! (by René Sellmann) SaaSMageddon, CSU, Almost Buying Wise & His "Passion Stock" – A Chat with Andrew Brown
Jan 24, 2026
Andrew Brown, investor and small-business operator, blends public-equity ideas with hands-on acquisition experience. He breaks down why Constellation Software earned his attention, how AI risk looks for vertical software, and the psychology of missed opportunities with Wise. He also recounts buying and running a small business and shares a contrarian passion pick in Boston Omaha.
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Episode notes
Let Ideas Sit Before Buying
- Let new investment ideas sit before acting on them to avoid the 'shiny object' rush.
- Re-evaluate ideas after a cooling period to see if excitement persists or was just initial dopamine.
Raise The Hurdle For New Positions
- Require a higher hurdle for replacing an existing position with a new one because you know the incumbent better.
- Treat new positions as riskier since you 'don't know what you don't know' about them.
Long Study Lowers Purchase Friction
- Deep study over years makes some expensive stocks easy buys when price finally aligns with conviction.
- Familiarity with a company's strategy removed research friction for Andrew's Constellation buy.
