MI250: How to Find High Quality Companies w/ Braden Dennis

<p>Rebecca Hotsko chats with Braden Dennis. In this episode, they discuss Braden’s investment process looks like for finding great stocks, his 6-question framework for finding “high-quality businesses” to invest in, how to determine if a company’s high ROIC is sustainable or not, Braden’s analysis and deep dive into Constellation Software and Shopify, why the P/E ratio is not the right multiple to value Shopify with, and what metrics are more relevant to the company,&nbsp;how to make sure you don’t overpay for a business that’s trading at a premium,&nbsp;Braden’s thoughts on Brookfield Asset Management company given its spin-off,&nbsp;is Brookfield Asset Management’s spin-off good for shareholder value, and so much more!&nbsp;&nbsp;&nbsp;</p><p><br></p><p>Braden is the founder of Stratosphere and the co-host of The Canadian Investor Podcast.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>04:32 - What Braden’s investment process looks like for finding great stocks.&nbsp;</p><p>06:36 - His 6-question framework and checklist for finding “high-quality businesses” to invest in.&nbsp;</p><p>10:53 - The most important factors he looks for to identify a company has a sustainable moat.&nbsp;</p><p>13:23 - How to determine if a company’s high ROIC is sustainable or not.&nbsp;&nbsp;&nbsp;</p><p>16:55 - Braden’s analysis and deep dive into Constellation Software and Shopify.&nbsp;</p><p>30:30 - How to make sure you don’t overpay for a business that’s trading at a premium.</p><p>37:39 - Why the P/E ratio is not the right multiple to value Shopify with, and what metrics are more relevant to the company.</p><p>50:46 - Braden’s thoughts on Brookfield Asset Management company given its recent spin-off.&nbsp;&nbsp;</p><p>51:06 - &nbsp;Is Brookfield Asset Management’s spin-off good for shareholder value.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND