Long Term Investing - With Baskin Wealth Management
Barry Schwartz
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 qua...
0:00: Introduction
1:30: managing your emotions in the markets
3:03:Hard to learn lessons in a bull market
5:29: Silliness in the market today
7:45:Sticking to our circle of competence
9:40: Year-End Wrap Discussion
12:37: Surprising strength in the TSX in 2024
14:08: A strong year for the Canadian Banks
18:30: Reviewing portfolio changes in 2024 for our clients
20:48: Garmin’s big year
24:52: Being patient on purchases
28:11: Reviewing the underperformers
34:40: Today’s losers can be tomorrow’s winners
36:08: Reviewing our top performers
40:58: Thoughts for 2025
Barry and Ernest are back with our final podcast of 2024. Not to worry, they will be back weekly in 2025! This is our year-end wrap show. Barry and Ernest review the high-lights and low-lights of the Baskin Wealth portfolio. They discuss the most surprising names in the portfolio as well as giving their thoughts on what might happen in 2025. Thank you very much for watching and listening and we wish you and your family a happy and healthy 2025.
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46:09
Getting Back into Meta + Your Questions
0:00 Introduction
2:54 Market Bubble?
8:26 Getting Back into Meta
12:45 Thesis for Meta
13:31 Successful Pivots of Meta over the Years
16:15 What Makes Meta’s Social Media Apps Different?
17:53 AI Opportunity for Meta
24:56 Reality Labs of Meta as a Risk Factor
26:43 What Have We Changed Our Mind About Recently?
33:41 Small to Medium Caps in Baskin’s Strategy
37:59 Companies We Liked but Didn’t Invest In
43:32 How Do We Manage Currency Fluctuations for Our Clients
This week, Barry and Ernest, review Baskin Wealth’s decision to buy back shares of Meta. They give an overview of the risks and opportunities for the company with a thoughtful conversation about Meta’s business pivots over the years, its AI goals and what is going on with Reality Labs. Then the show is all about you. Barry and Ernest answer several questions from the mailbag including a discussion on stocks they regret not buying and how Baskin Wealth manages currency fluctuations.
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47:10
More on Tariffs, Google, Couche-Tard and Copart
0:00 Intro
1:54 Trump’s tariff threats + challenges
9:34 How Tim Cook managed Trump’s first term
13:37 Have markets peaked?
15:29 Google’s challenges from antitrust and AI
26:25 Alimentation Couche-Tard’s earnings + update on 7 Eleven
35:02 Copart earnings and long-term drivers
42:34 Why does Copart have so much cash?
This week, Barry and Ernest cover the Tariff concerns in depth. They review the risks to the Canadian and U.S. economies and discuss the types of companies that could be hurt the most. Next, they discuss the proposed remedies by the DOJ in its anti-trust lawsuit against Google. Moving on, Barry and Ernest provide an update on Couche-Tard’s bid for 7 Eleven and a review of its recent earnings release. The feature discussion is on the risks and opportunities for Copart.
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45:51
Tracking Berkshire's Portfolio + Your Questions!
0:00 Introduction
1:14 The Tyson/Paul event on Netflix
5:57 What Trump means for your portfolio?
14:18 Tracking Berkshire Hathaway's portfolio
25:09 Live Nation's blowout demand
34:49 Mailbag- Managing risk in the portfolio
38:20 Mailbag- Constellation spinoffs
41:11 Mailbag- Brookfield Wealth solutions
43:47 Mailbag- Position sizing
A busy show this week. First, Barry and Ernest discuss the Mike Tyson/Jake Paul fight on Netflix and what it means for investors. Next, they talk more about Trump 2.0 and what moves you should or shouldn’t make for your portfolio. Then, they review Berkshire’s recent purchase of Domino’s Pizza and the motivations behind the investment. Moving on to Live Nation, Barry and Ernest discuss the strong results for the concert giant. And then it the podcast is all about you! Barry and Ernest introduce a new mailbag feature and answer several viewer questions from X. Don’t miss this episode.
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47:44
Taking a position in TransDigm
0:00 Introduction
2:08 What Does Trump’s Victory Mean for the Markets?
10:30 Breaking Down the Broader Economic Environment
16:30 Ultimate Long-Term Focus: Constellation Software
22:50 Similarities Between TransDigm and Constellation Software
24:20 Power Relationship Between TransDigm and OEMs
31:55 Fundamentals of TransDigm
37:15 How Will TransDigm Continue to Grow?
Barry and Ernest deliver a packed show this week. With Donald
Trump winning the 2024 Presidential Election, Barry and Ernest, provide their
thoughts on what it might mean for your portfolio. They then give an
overview of the current economic environment and the reasons why, they
believe, stocks are hitting all time highs. Next, they discuss
Constellation Software's earnings release which ties into the feature
discussion - Baskin Wealth Management’s recent purchase of TransDigm for its
clients. Here, they review the similarities between the two companies and lay
out their investment thesis on TransDigm.
About 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.
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