Constellation Software: Investment insights from top market experts

Building or rebalancing your portfolio and wondering what investments to consider next?

Here’s what leading experts featured on BNN Bloomberg say investors should consider adding and dropping from their portfolios today.

In your opinion, what single investment should investors own right now — and why?

• Businesses with recurring cash flow, pricing power, and operational importance are becoming more valuable as the economy gets more volatile and complex.
• Companies helping customers improve efficiency, data management, and decision-making are in a particularly strong position.
• We continue to like businesses that are becoming embedded infrastructure to their customers rather than optional spending.
• Examples include: Element Fleet Management, Constellation Software, and Colliers International Group.
• In this market, fundamentals are mattering again — real cash flow and durable business models are starting to outperform hype.

From your perspective, what is one investment investors should consider dropping from their portfolios — and why?

• Speculative assets where price appreciation has significantly outrun fundamentals are becoming increasingly risky in this environment.
• We would avoid businesses that depend on:
• cheap capital,
• unrealistic growth assumptions,
• or perfect market conditions to justify valuation.
• Highly speculative momentum trades and unprofitable “story stocks” look particularly vulnerable if volatility continues.
• Examples could include:
• speculative AI names with weak earnings,
• early-stage EV companies without sustainable cash flow,
• or assets like gold after sharp momentum-driven spikes.
• The market is shifting back toward rewarding profitability, resilience, and capital discipline rather than pure narrative momentum.