“The smart entrepreneurs don’t actually go for home runs,” Jason said. “They hit a ton of singles.” He mentioned Constellation Software and MTY Food Group, two of his bigger positions. Management still owns a lot of stock. And it hits lots of singles. The end result is a really nice pattern of growth without risk, he said. To sum up: It’s important to have a company that can reinvest its profits at a high rate (20 percent or better).
