Mayer was initially skeptical of Constellation Software, thinking it could not be acquiring quality businesses and that its rollup strategy must consist of 'junk' with no terminal value, but after reading Mark Leonard's shareholder letters, his interest increased significantly.
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Chris MayerEvidence Quote
“I was skeptical for a long time. I remember thinking, you know, they can't be acquiring good companies. But then I finally did, and I don't remember what was the impetus that finally got me to sit down and actually go through his letters, but that was when it was like, wow”
Created: 8/10/2026, 10:53:18 PM
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