Constellation Software: The company that many people said would buy under $2000

Constellation Software has fallen ~50% from its ATH, now at $1,774, and the author claims strong leadership and resilience to AI disruption. A steep price decline in a historically high‑quality compounder can create a mean‑reversion or value‑play opportunity if the fundamental thesis holds. Buy on the dip based on the company's moat and management, though the post lacks concrete financials or catalysts. Continued multiple compression; slower organic growth; potential macro headwinds for software M&A strategy; no clear catalyst identified.