Value Investing in my Circle of Competence, Hurdle Rate

Hurdle Rate

The name “Hurdle rate” was inspired by none other than Mark Leonard of Constellation Software, and their prolific use of a fixed hurdle (discount) rate for their investments. Had you invested into Constellation Software at the time of their IPO as an Australian Investor you would of seen your investment multiply by >100x or (>35% CAGR), an enviable record (Updated March 2023).

Value Investing in my Circle of Competence

Equity Bottom-Up

<ul><li>Pensionbee (LSE:PBEE) is a UK pension provider of defined contribution schemes.</li><li>Historically the UK has has provided individuals with a generous safety net in the form of the state pension but in the past decade in particular have privatised this to provide relief on government finances.</li><li>You can think of the UK pension system as looking to emulate what Australia has currently by way of it’s Superannuation system.</li></ul>

Pensionbee (LSE:PBEE) is a UK pension provider of defined contribution schemes.Historically the UK has has provided individuals with a generous safety net in the form of the state pension but in the past decade in particular have privatised this to provide relief on government finances.You can think of the UK pension system as looking to emulate what Australia has currently by way of it’s Superannuation system.

Pensionbee Group

펜션비(LSE:PBEE)