"Constellation Software, under the leadership of Mark Leonard, delivered a total return of 33.6% per annum since 2006 with free cash flow per share compounding at 27% annually. Mark\"s prudent capital allocation and limited dilution have built generational wealth for its shareholders, exemplifying one of the best capital allocators in modern history."
A tribute is paid to the long-term performance of Constellation Software as Mark Leonard steps down due to health reasons. The commentary underscores the company\"s stellar historical returns, disciplined share management, and the creation of generational value.
6 Future Share Cannibals; Ryan’s New Favorite Small-Cap; Mark Leonard Tribute $CSU
September 26, 2025
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