Side note: It's fun to watch @trengriffin annotate someone's career.
25iq.com/2018/04/07/bus…
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But magnitude is also important. Great businesses have the ability to reinvest capital at a high ROIC, which is a rare amongst smaller companies.
![](https://pbs.twimg.com/media/DaRtXDnVAAE_AP7.jpg)
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Constellation doesn’t operate, but tries to be helpful. Requires a leadership team open to assistance.
![](https://pbs.twimg.com/media/DaRvbqdUwAQP5i0.jpg)
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/fin
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