Long Term Investing - With Baskin Wealth Management

Recorded: June 10, 2026 This week, Barry and Ernest review the current state of the stock markets including the mega IPO of SpaceX before discussing the strong performance of the Canadian banks.  0:00- Introduction  6:01- SpaceX's IPO 14:20- Elevated return expectations  22:21- Diversified Canadian banks 28:03- Prime lending focus 33:00- Canadian bank valuations 38:54- Regulatory la...

This week, Ernest and Baskin Wealth’s Head of Financial Planning Benjamin Klein discuss the importance of financial planning and asset allocation from a wealth management perspective. 2:14- What isfinancial planning? 8:13- Assetallocation 15:50- Planning fordifferent generations 18:24: Taxconsiderations 21:12- Hierarchy ofinvestment accounts 25:53- Can AIreplace financial planning?

This week, Barry and Ernest discuss key learnings from the Constellation Software's annual general meeting.  0:00- Introduction 3:52- Constellation Software backdrop  12:08- CSU's response to AI  25:50- CSU's acquisition pipeline 34:15- Incentives at Constellation Software 39:17- What would make us sell CSU?

Recorded on: May 6, 2026  This week, Barry and Ernest discuss the strong outperformance of AI-adjacent companies before discussing Berkshire Hathaway’s first AGM without Warren Buffett. 0:00- Introduction 2:14- High valuations for AI-adjacent names 11:48- Google’s AI update 21:15- Apple’s strong results 24:49- Greg Abel at the Berkshire AGM 28:53- Berkshire’s capital allocation changes

This week, Barry and Ernest discuss Tim Cook's retirement and legacy, smart share buybacks from companies, and TFI International's improving financial outlook. 0:00- Introduction  2:12- Tim Cook's retirement and legacy  9:38- Reed Hastings resigning from Netflix's board 14:11- Smart share repurchases 21:46- TFI International's rebound 

Recorded on: April 22, 2026 This week, Barry and Ernest break down their new investment in Fairfax Financial including the business model, similarities and differences to Berkshire Hathaway, and their strong track record in underwriting insurance and growing shareholder value.  0:00- Introduction 6:44- Fairfax's business model 12:10- Disciplined insurance underwriting 21:00- Fairfax's investm...

In the latest episode, Barry and Ernest explain why business quality matters more than macroeconomics concerns and also provide an update on FICO and the rationale for selling CoStar Group last year.  0:00- Introduction 5:51- Upcoming CUSMA renegotiation 7:48- Business quality trumps macro  16:41- Outperformance of Domino's and Stryker 21:05- FICO update 28:06- Private credit worries for...

In this week's episode, Barry and Ernest discuss broader implications of the Iran conflict before breaking down a new addition to the portfolio.  0:00- Introduction 2:12- Long-term implications of Iran  7:43- Low multiples for AI stocks  11:50- New addition to the portfolio 14:54- Why FICO is a great business 18:15- FICO's pricing power + industry incentives 23:19- The housing cycle...

This week, Barry and Ernest discuss the Iran conflict and long-term investing through market volatility before updating Restaurant Brands "Whopper" of a turnaround plan. 0:00- Introduction 2:20- Live Nation settlement correction 4:52- Iran and market volatility 15:00- Portfolio management in volatility 19:20- Restaurant Brands update

This week, Barry and Ernest discuss the oil price spike, Constellation Software's earnings, and Live Nation's antitrust settlement.  0:00- Introduction 1:25- Oil prices and Iran risks 6:36- Constellation Software's earnings 13:23- CSU's PEMS strategy  18:39- Live Nation's antitrust settlement 

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 23:1...

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&n...

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

In this week's episode, Barry and Ernest discuss the criminal investigation of Jerome Powell as well as the US proposal to cap credit card interest rates at 10%.  0:00- Introduction 1:53- Narratives driving stock prices 5:36- Jerome Powell criminal investigation  13:56- Credit card interest rate cap 

Barry and Ernest are back in 2026! They break down the implications of Venezuela on the Canadian energy industry, before providing an update on several companies in the financial industry.  0:00- Introduction 2:16- How Venezuela impacts Canada 12:06- Why we own CNQ 14:39- Strong performance for financials 19:59- TMX Group update 21:24- Moody's update 27:40- MSCI update 30:40- Visa update&nbsp...

This episode, Barry and Ernest review 2025 including both highlights and lowlights for the markets and the portfolio. 0:00 - Intro 4:06 - Lowlight 1: The Canadian Dollar 8:09 - Lowlight 2: Constellation Software 17:00 - Lowlight 3: Large M&A 21:50 - What’s nextfor AI 29:03 - Highlight 1: Google’s rebound 34:41- Baskin’s portfolio changes 39:39 - Strong fundamentals

This week, Barry and Ernest discuss Telus's high dividend yield and Canadian dividend stocks, break down Netflix's motivations for buying Warner Brothers Discovery, before wrapping up with an outlook for the Canadian banks.  0:00- Intro 5:00- Telus's dividend trap 8:40- Attractive Canadian dividend payers 12:48- Netflix's bid for Warner Brothers Discovery 16:56- Poor track record of media mer...

This week, Barry and Ernest review results for Alimentation Couche-Tard and Copart before breaking down Netflix offer to purchase Warner Brothers Discovery.  0:00- Intro 8:33- Alimentation Couche-Tard's rebound 15:04- Canadian compounder buybacks 24:17- Copart's earnings 30:29- Copart's low-value car problem  36:42- How AVs impact Copart  39:00- Netflix's bid for Warner Brothers Di...

This week, Barry and Ernest review quarterly results for some more names before providing an update on their two favorite Canadian energy names.  0:00- Intro 4:24- TransDigm outlook 10:16- Great capital allocators pivot  14:55- Garmin update 19:33- Brookfield update 24:51- Buffett's pitch for Berkshire stock 29:13- Why we own CNQ 36:43- Tourmaline's business model   39:43- Data center tail...

This week, Barry and Ernest give an update on a number ofcompanies including Apple, Amazon.com, TFI International, and Live Nation.  0:00- Intro 15:08- Apple strong results 26:08- Amazon and AWS growth  33:52- TFI's 2026 rebound 40:26- Live Nation update 

This week, Barry and Ernest discuss the underperformance of high-quality companies, provide an update on some companies in the financial sector and Big Techs, and defendpublic equities as an asset class.   0:00- Intro 7:38- Unprofitable company stocks 16:20- MSCI, TMX, and Moody’s update 24:15- Meta’s splurge on AI 33:40- Google and Microsoft’s earnings 39:58- Why we invest in stocks

This week, Barry and Ernest break down Apple's stock price resurgence and review earnings from Netflix, TSMC, and Waste Connections before explaining if it still makes sense to own compounders.0:00- Intro4:40- Apple update11:54- Thoughts on smart glasses18:05- Netflix's earnings32:23- TSMC's results39:31- Waste Connection's earnings42:58- What is compounding? 48:48- Characteristics...

In the latest episode, Barry and Ernest provide an update onConstellation Software's management changes, earnings from Domino's Pizza and Costco, and Ferrari's strategy over the next 5 years.  0:00- Intro 6:25- Market update and deals between big techs  9:40- ConstellationSoftware's CEO succession 18:50- Domino's Pizza update  28:40- Costco update 32:16- Ferrari's investor...