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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✭☼  😊 😞
Number: of 22354 
Subject: OT Constellation Software & Topicus
Date: 02/04/23 3:07 AM
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No. of Recommendations: 1
Excellent write up on Mark Leonard and his amazing record at Constellation Software. The Topicus spinoff of European business may offer Constellation like returns.

Constellation Software is a remarkable business that can be justifiably compared to Berkshire-Hathaway. CEO Mark Leonard has found a way to make a multi-billion-dollar business operate like hundreds of smaller businesses, with most managers generating returns on capital well in excess of 20% per annum.

Topicus.com, spun-out of Constellation in 2021, is about the size of its parent in 2013-2014, and essentially a replica of it too, but with potentially more organic growth and a lower valuation.

seekingalpha.com - Constellation software topicus compounding at fair price
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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