Long Term Investing - With Baskin Wealth Management

Barry Schwartz
Long Term Investing - With Baskin Wealth Management

Welcome to the refreshing podcast that focuses exclusively on Long-Term Investing and how to grow your wealth. This podcast features in-depth discussions on quality businesses, great capital allocators and compounders. Show hosts, Barry Schwartz and Ernest Wong, are industry professionals with years of experience and each week they will bring you an exciting conversation that filters out the noise and gets to the heart of what really matters for Long-Term Investors.

  1. 17 HRS AGO

    Checking out at Costco

    This week, Barry and Ernest discuss why people aredrinking less alcohol, talk about the importance of culture & incentives, and provide an update on Costco. 0:00 – Introduction 2:51 – The “Big Beautiful Bill” 7:51 – Shifts in consumer consumption behavior 14:38 – Importance of company culture andincentives 27:11 – Update on Costco 29:05 – Thoughts on Costco’s valuation 42:05 – Costco’s unique culture 43:08 – Next steps for Costco

    51 min

  2. 6D AGO

    Talking Investment Strategy + Taking your Questions!

    In this episode, Barry & Ernest dive into key lessons from the past five years of investing and share our latest thoughts on the market. We challenge the idea that complexity leads to better results, and explore why “buy and hold” is oftenharder than it sounds. We also discuss how strong management teams pivot effectively and what that means for long-term success. Plus, we open the mailbag to answer your questions! 0:00 – Introduction 3:58 – Complexity does not lead to better results 10:23 – Our current thoughts on the market 13:18 – Lessons learned over the last five years 19:54 – “Buy and Hold” as a strategy is easier said thandone 28:05 – Management ability to pivot 30:10 – Mailbag 1: Portfolio construction 36:56 – Mailbag 2: Why Waste Connections over other wastemanagement companies? 41:42 – Mailbag 3: Would Couche-Tard have been punished the same way if it were listed on the NYSE? 44:40 – Mailbag 4: Review of your biggest mistakes

    52 min

  3. MAY 27

    Constellation Software's pivot

    This week, Barry and Ernest discuss ConstellationSoftware's annual meeting and the strategic changes being made to continuecompounding into the future, before ending with Brookfield's earnings.  0:00- Introduction 0:58 – Constellation Software Annual Meeting 9:20 – Constellation's compounding runway 20:22 – AI impacts to CSU's model 25:24 – CSU's new compensation structure 27:33 – The potential threat of CSU imitators 33:47 – Brookfield earnings

    42 min

  4. MAY 27

    Not yielding for yield

    This week, Barry and Ernest discuss their preference forcompounders over dividend-paying stocks before providing an update on Alimentation Couche-Tard, Canadian Natural Resources, and Tourmaline Oil.  0:00 – Introduction 3:43 – Our view on a potential recession 14:43 – Why we prefer capital allocators over dividend payers 33:10 – Update on Alimentation Couche-Tard 40:51 – Update on CNQ, Tourmaline, and M&A in the O&Gspace

    49 min

  5. MAY 13

    Lessons from the greatest investor of all time

    0:00– Introduction 2:43– How Buffett has influenced our investing journey 14:34– Our favorite Buffett investments 27:35– Berkshire under Greg Abel  40:58– Berkshire highlights and mistakes over the years 44:42– Mailbag: What if Buffett starts today? 49:55– Mailbag: Could Berkshire be broken up?  52:51– Mailbag: Berkshire's valuation today​ The end of an era: With Warren Buffett's retirement, Barry and Ernest discuss lessons and highlights from his career and speculate how Berkshire might evolve under new CEO Greg Abel.

    1 hr

  6. MAY 6

    More Q1 earnings

    0:00 – Introduction3:02 – Stock market recovery and macro commentary11:28 – Visa earnings21:28 – Big tech earnings overview (Google, Meta, & Microsoft)23:02 – Google earnings31:20 – Meta earnings39:24 – Microsoft earnings41:50 – Garmin earnings45:14 – A note on owning growth-oriented companiesIn this week's episode, Barry and Ernest break down more Q1 earnings include the state of the consumer and promising results from Big Tech investments into AI

    48 min

  7. APR 29

    Talking Q1 earnings

    0:00 – Introduction3:09 – Q1 earnings season so far9:50 – Watsco earnings15:56 – TFI International earnings23:08 – Netflix earnings29:30 – Moody’s & MSCI earnings37:56 – Bad idea to focus on headlinesThis week, Barry and Ernest review first quarter earnings for Watsco, TFI International, Netflix, Moody’s, MSCI.

    41 min

  8. APR 22

    Tariffs and Market volatility - Part 2

    0:00 – Introduction3:25 – Companies responding to changing US tariffs 10:13 – Timing the markets in bad times19:52 – Quality companies are the best defence33:20 – How to protect your portfolio with a shorter time horizon40:52 – What we're looking for in Q1 earnings In this week's episode of the Long-Term Investing Podcast, Barry and Ernest provide more updates on tariffs as well as how best to position your portfolio in an uncertain time period.

    47 min
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4.8
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92 Ratings

About

Welcome to the refreshing podcast that focuses exclusively on Long-Term Investing and how to grow your wealth. This podcast features in-depth discussions on quality businesses, great capital allocators and compounders. Show hosts, Barry Schwartz and Ernest Wong, are industry professionals with years of experience and each week they will bring you an exciting conversation that filters out the noise and gets to the heart of what really matters for Long-Term Investors.

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