《Ranking our Portfolio Watchlist – Meta, CSU, Copart, Shopify (Tier List)》
Constellation Software被评为A级；尽管有机增长疲弱，但对AI风险具有韧性，且交易价格接近内在价值。
Constellation在过去三次最终都进入了我们的观察名单，无论是SAS公司还是其他什么。一件相当有趣的事情是，我们看到他们现在在MMA上投入了更多的资金，对吧？或者说在并购上。
Constellation ended up in our watch list um the last three times, whether it be, you know, SAS companies or anything else. One thing that's pretty interesting is that we see they invest a lot more money now in MMA, right? Um or in M&A.
那是人们觉得的一件事：如果人工智能实际上不会杀死软件的说法是真的，那么他们应该能够花更多的钱或投资更多的钱在业务上，对吧，这就是我们所看到的。
Um that was one of the things where people felt like look if the narrative that AI is not actually going to kill software is actually true they should be able to spend even more money or invest even more money in businesses right that's what we see