Long Term Investing - With Baskin Wealth Management

This week, Barry and Ernest discuss Netflix dropping out of the bid for Warner Brothers Discovery, and what's next for Netflix. They also break down CCL Industries's capital allocation and M&A opportunities.

0:00- Intro
5:32- Netflix drops out of Warner bid
12:26- Netflix benefits from PSKY/WBD
18:15- How AI benefits Netflix
20:47- CCL Industries update
27:20- Greg Abel's letter

This week, Barry and Ernest discuss a wide range of topics including the strong performance of Canadian oil stocks, why proprietary data is safe from AI, and Constellation Software's decision to host an earnings call.

0:00- Introduction
1:49- Canadian oil stocks performance
9:03- Tourmaline Oil's buildout
12:40- TFI International's outlook
19:30- Portfolio management in a sell-off
23:15- Moody's vs S&P Global
31:25- TMX Group's risk from AI
33:08- Constellation Software earnings call

This week, Barry and Ernest break down Alimentation Couche-Tard's strategy from their Investor Day as well as an update to Ferrari's EV strategy.

0:00- Intro
2:41 - How we are reacting to the sell-off
10:34 - Incentives with AI
14:30 - Alimentation Couche-Tard's IR Day
23:50 - EV experience in Norway
26:08 - Ferrari's earnings

Barry and Ernest are back and discuss Apple's strong results, Microsoft and Meta's mega-capex splurge, and Brookfield Asset management's new CEO Connor Teskey.

0:00- Intro
7:20- Apple's record iPhone sales
11:48- Apple's memory and chip constraints
16:35- Microsoft's Azure miss
20:10- Big tech returns on AI capex
22:01- Meta's motivations for AI
25:48- Brookfield Asset Management's new CEO

Barry and Ernest explain how narratives impact near-term stock movements, before reviewing earnings and the 2026 outlook for Taiwan Semiconductor Manufacturing Company and Netflix.

0:00- Intro
1:31- Stock price narratives
5:27- Constellation Software disruptive threats
14:15- TSM’s strong growth
18:47- Netflix update