Daniel and Shawn take a deep dive into four companies operating in the shadow of one of the greatest compounders of the last two decades — Constellation Software. What you’ll learn here: 00:00:00 - Intro 00:00:42 - Why smaller VMS companies are interesting 00:08:57 - How the law of large numbers shifts CSU’s focus 00:10:37 - About Topicus and why it’s the closest copy of CSU 00:14:31 - Why VMS is so attractive for acquirers 00:32:48 - Lumine and its focus on the media and communication vertical 00:45:42 - Sygnity and its new chapter 01:05:19 - Asseco Poland and why it might be a the next Topicus 01:13:10 - Whether Shawn and Daniel add a Mini Constellation to the portfolio Transcript & Host Info: https://www.theinvestorspodcast.com/intrinsic-value-podcast/valuing-constellation-softwares-spinoffs-topicus-lumine-and-co-w-daniel-mahncke-shawn-omalley/ 📨 Sign up for The Intrinsic Value Newsletter: https://www.theinvestorspodcast.com/subscribe-youtube/ 🤝 Connect with dedicated, savvy investors who are committed to building wealth alongside you. https://www.theinvestorspodcast.com/intrinsic-value-community/ ▶️ Related Episodes - Valuing Constellation Software (CSU): 100-Bagger at Historic Drawdown: https://youtu.be/eqXXM8ZGAD8 - Chapters Group: Billionaires bet on this potential 100-Bagger: https://youtu.be/24Fr71kKeew Listen to our episodes here: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM Visit our website: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #ConstellationSoftware #VMSInvesting #CompounderStocks #ValueInvesting #StockMarketAnalysis