It is not a single large company, but it owns hundreds of small businesses to generate high return .. - MK

▤ Summary

This article explains the acquisition-and-hold strategy used by software-focused holding companies such as Constellation Software, Halma, and InduTrade. It shows how these firms buy small, profitable niche businesses and use strong cash flow and disciplined capital allocation to compound growth over time. The article also discusses Japan’s emerging companies that follow a similar model and highlights Liberty Labs as a potential Korean entrant. It argues that lower financing costs and policy support could help this strategy scale further in Korea.

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