TLDR

How Canada's Warren Buffett Invests

Jan 29, 2025

Anis Heydari, Senior Reporter for CBC News, sheds light on Canada’s pressing immigration policies and economic implications. He discusses how tightened immigration affects housing costs and the labor market. Listeners will be intrigued by the revelation of Constellation Software as an investment powerhouse and the contrast in strategies used by Canadian CEOs compared to larger firms. The conversation also tackles the housing crisis amidst population growth and the influence of U.S. regulations on Canada’s auto industry.

22:25

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Anis Heydari

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Quick takeaways

Constellation Software has become a top wealth creator by adopting a long-term investment strategy focused on acquiring niche software companies.

Canada's revised immigration policy could severely impact economic growth and exacerbate housing affordability issues amid rising public concerns.

Deep dives

The Success of Constellation Software

Constellation Software is distinguished as one of the best-performing Canadian companies, generating significant wealth for its shareholders. Since 2010, it has become the third largest wealth creator globally, only behind tech giants like NVIDIA and Apple. The firm primarily focuses on acquiring small to mid-sized companies that produce niche software, operating in sectors such as real estate, healthcare, and public safety. This investment strategy mirrors that of Berkshire Hathaway, as it aims to support companies long-term rather than flipping them for quick profits.

Intro

2min

Canadian Economy and Investment Insights

6min

Exploring Canada's Hidden Corporate Landscape and Immigration Policy Impact

2min

Canada's Immigration Shifts and Housing Crisis

5min

Canada's Auto Industry and Housing Challenges

5min

Exploring Tariffs, Automotive Trends, and Housing Dynamics

2min

With housing costs higher than ever, our country’s immigration policy is tightening up. On this week’s TLDR, we look at the dollars and cents of it all — and what it means for our economic future. Plus, a dive into the best-performing Canadian investment of the last 20 years. Hint: it’s a company you’ve **probably** never heard of. And, how auto manufacturers are reacting to the news from down south.

This episode was hosted by Devin Friedman, business reporter Sarah Rieger, former hedgefunder Matthew Karasz and CBC reporter Anis Heydari. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr

The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.

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TLDR

How Canada's Warren Buffett Invests

Episode guests