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...
This week, Barry and Ernest break down Netflix’s huge quarter and its initiatives in sports before doing another mailbag, answering questions about key learnings, US tariffs, and, believe it or not, something called Fartcoin.
0:00 – Introduction
2:10 – Reviewing buy & hold strategy
6:35 – Netflix’s record-breaking quarter
16:43 – Is there still value for Netflix shareholders
going forward?
17:39 – Mailbag!
17:51 – Key lessons from the last 5-10 years
22:23 – Should CEOs announce buyback plans?
25:48 – Should unoptimized companies trade at higher
multiples?
29:34 – How do US tariffs impact the energy sector?
33:58 – Are young investors developing investing skills
by owning Fartcoins?
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40:15
Predictions are hard and Ernest meets Mike Rose
0:00 – Introduction
2:33 – The recent market pullback
5:28 – Goldman Sachs forecast for 3% market returns
8:50 – Issues in predicting long-term market performance
11:30 – The global scale of new tech companies
18:30 – Attending the ATB Conference
22:14 – The state of the Energy/Infrastructure market
29:09 – NFI and different perspectives on tariffs
A jam packed show this week. Barry and Ernest start the podcast with a discussion about the recent market pullback and why Baskin Wealth is staying the course. Next, they discuss Goldman Sachs prediction about forward returns on the S&P 500. Then, Barry and Ernest talk the global impact of Big Techs. Then it is the feature discussion. Ernest talks about meeting Mike Rose, CEO of Tourmaline Oil as well as what he learned by attending an oil and gas conference in Toronto.
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34:17
Take me to the Stars! An update on Constellation Software
0:00 – Introduction
4:09 – Why invest in Canadian compounders?
9:55 – How we define a compounder
15:45 – Why Compounders deserve to trade at high prices
24:50 – How we are reacting to Trudeau's resignation
29:00 – Update on Constellation Software going into 2025
38:13 – Does AI impact Constellation?
42:28 – Books we read during the holiday
After taking a much-needed holiday, Barry and Ernest are back this week with a jam-packed episode. The discussion starts with a definition of a “compounder” with them breaking down the characteristics they look for when buying an investment that will compound. Next, they talk about the resignation of Prime Minister Justin Trudeau and what that means for Canadian investors. Then, the featured conversation about Constellation Software where they talk about Constellation’s plans to increase growth, its capital allocation policy, and the pros and cons of AI on its business model. A great episode ... as usual!
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54:00
Year-End Wrap
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.
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.
Canada - english