We break down key insights from Constellation Software’s recent AGM, where CEO Mark Leonard was candid about the challenges of deploying capital at scale, potential “style drift,” and the limits of future returns. Despite the company’s exceptional track record, Leonard warns that the days of 25%+ annual returns may be behind them—though opportunities could still remain if they navigate carefully into new verticals.

We also dive into the surging popularity of covered call ETFs in Canada. But what are the real risks and benefits of these ETFs? We explain how these funds work, their pros and cons, and why some investors may be setting themselves up for disappointment by chasing double-digit yields.

Tickers of stocks discussed: ZEB.TO, ZWB.TO, CSU.TO

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Is Canada’s Best Compounder Losing Its Edge? 01:07:26 Share

The Canadian Investor

Shownotes Transcript

Is Canada’s Best Compounder Losing Its Edge?