Long Term Investing - With Baskin Wealth Management

TFI's trucking rebound

05 May 2026

Contributed by Lukas

This week, Barry and Ernest discuss Tim Cook's retirement and legacy, smart share buybacks from companies, and TFI International's improving financial...

Fairfax: Fair and Friendly

28 Apr 2026

Contributed by Lukas

Recorded on: April 22, 2026This week, Barry and Ernest break down their newinvestment in Fairfax Financial including the business model, similarities ...

Quality on sale

21 Apr 2026

Contributed by Lukas

In the latest episode, Barry and Ernest explain why business quality matters more than macroeconomics concerns and also provide an update on FICO and ...

More market turmoil + A fair new idea

14 Apr 2026

Contributed by Lukas

In this week's episode, Barry and Ernest discuss broader implications of the Iran conflict before breaking down a new addition to the portfolio. ...

Market Turmoil + Restaurant Brands Update

30 Mar 2026

Contributed by Lukas

This week, Barry and Ernest discuss the Iran conflict and long-term investing through market volatility before updating Restaurant Brands "Whopper" of...

Trust in Live Nation

17 Mar 2026

Contributed by Lukas

In this week's episode, Barry and Ernest discuss the investment potential and business model of Live Nation Entertainment. They explore the company's ...

Netflix's $2.8b Money Heist

10 Mar 2026

Contributed by Lukas

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 C...

Moody's Solid Rating

25 Feb 2026

Contributed by Lukas

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 ...

Charging to the Future

18 Feb 2026

Contributed by Lukas

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-...

Big Capex for the Big Techs

10 Feb 2026

Contributed by Lukas

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 Conno...

Chips and Streaming

27 Jan 2026

Contributed by Lukas

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

Fed Turmoil and Credit Card Rate Caps

20 Jan 2026

Contributed by Lukas

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 ra...

Venezuela + Financials outlook

13 Jan 2026

Contributed by Lukas

Barry and Ernest are back in 2026! They break down the implications of Venezuela on the Canadian energy industry, before providing an update on severa...

Looking back at 2025

30 Dec 2025

Contributed by Lukas

This episode, Barry and Ernest review 2025 including both highlights and lowlights for the marketsand the portfolio. 0:00 - Intro4:06 - Lowlight 1: Th...

Netflix's HBO drama

16 Dec 2025

Contributed by Lukas

This week, Barry and Ernest discuss Telus's highdividend yield and Canadian dividend stocks, break down Netflix's motivationsfor buying Warner Brother...

Filling up on Couche-Tard

02 Dec 2025

Contributed by Lukas

This week, Barry and Ernest review results for Alimentation Couche-Tard and Copart before breaking down Netflix offer to purchase Warner Brothers Disc...

Drilling Down on Canadian Energy

25 Nov 2025

Contributed by Lukas

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...

Reviewing Q3 earnings for Apple, Amazon and more

11 Nov 2025

Contributed by Lukas

This week, Barry and Ernest give an update on a number ofcompanies including Apple, Amazon.com, TFI International, and Live Nation. 0:00- Intro15:08-...

Sticking with stocks

04 Nov 2025

Contributed by Lukas

This week, Barry and Ernest discuss the underperformance of high-quality companies, provide an update on some companies in the financial sector and Bi...

We are sticking with compounders

28 Oct 2025

Contributed by Lukas

This week, Barry and Ernest break down Apple's stock price resurgence and review earnings from Netflix, TSMC, and Waste Connections before explain...

Ferrari’s pit stop through 2030

21 Oct 2025

Contributed by Lukas

In the latest episode, Barry and Ernest provide an update onConstellation Software's management changes, earnings from Domino's Pizza and Cost...

Constellation's AI playbook

30 Sep 2025

Contributed by Lukas

This episode was recorded before the sad news that Mark Leonard had to step down as CEO of Constellation Software for health reasons. We wish him a fu...

Getting carried away with Brookfield

24 Sep 2025

Contributed by Lukas

This week, Barry and Ernest provide an update onBrookfield after its annual investor day, before breaking down Adobe's earnings and business updat...

Searching a way out

16 Sep 2025

Contributed by Lukas

This week, Barry and Ernest break down Google's favorable antitrust remedies ruling and how it impacts Google, Apple, and perhaps surprisingly, Li...

Why Long-Term Investing?

09 Sep 2025

Contributed by Lukas

This week, Barry and Ernest discuss the risks of alternativeinvestments and explain why long-term investing makes sense, before reviewing the current ...

Defending Big Tech’s AI splurge

03 Sep 2025

Contributed by Lukas

Barry and Ernest are back from summer vacation and discuss why companies need to think locally in international markets, before breaking down how Big ...

Adobe: Still a Creative Compounder

29 Jul 2025

Contributed by Lukas

0:00 – Introduction5:06 – Tariffs removing regulatory scrutiny on Americantech9:03 – Importance of culture for long-term performance15:28 – Up...

Bye to Seven and I

22 Jul 2025

Contributed by Lukas

In this week’s podcast, Barry and Ernest react to Alimentation Couche-Tard announcing it will drop their bid for Seven and i, before discussing TSMC...

Mid-Year Check-In + Breaking Down National Bank

15 Jul 2025

Contributed by Lukas

In this week's episode, Barry and Ernest review the first six months of 2025 deep dive into National Bank.0:00 – Introduction2:10 – A review o...

Alternatives to alternatives

02 Jul 2025

Contributed by Lukas

Barry and Ernest break down their views on investing in gold and “alternatives” and then discuss Alimentation Couche-Tard’s earnings.0:00 – In...

TSMC: The Strong Moat Compounder

25 Jun 2025

Contributed by Lukas

In this episode, Barry and Ernest discuss their framework for evaluating disruption before discussing a new addition to the portfolio.0:00 – Introdu...

Checking out at Costco

17 Jun 2025

Contributed by Lukas

This week, Barry and Ernest discuss why people aredrinking less alcohol, talk about the importance of culture & incentives, and provide an update ...

Talking Investment Strategy + Taking your Questions!

11 Jun 2025

Contributed by Lukas

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 challe...

Constellation Software's pivot

27 May 2025

Contributed by Lukas

This week, Barry and Ernest discuss ConstellationSoftware's annual meeting and the strategic changes being made to continuecompounding into the future...

Not yielding for yield

27 May 2025

Contributed by Lukas

This week, Barry and Ernest discuss their preference forcompounders over dividend-paying stocks before providing an update on Alimentation Couche-Tard...

Lessons from the greatest investor of all time

13 May 2025

Contributed by Lukas

0:00– Introduction2:43– How Buffett has influenced our investing journey14:34– Our favorite Buffett investments27:35– Berkshire under Greg Abe...

More Q1 earnings

06 May 2025

Contributed by Lukas

0:00 – Introduction3:02 – Stock market recovery and macro commentary11:28 – Visa earnings21:28 – Big tech earnings overview (Google, Meta, & M...

Talking Q1 earnings

29 Apr 2025

Contributed by Lukas

0:00 – Introduction3:09 – Q1 earnings season so far9:50 – Watsco earnings15:56 – TFI International earnings23:08 – Netflix earnings29:30 –...

Tariffs and Market volatility - Part 2

22 Apr 2025

Contributed by Lukas

0:00 – Introduction3:25 – Companies responding to changing US tariffs 10:13 – Timing the markets in bad times19:52 – Quality companies are the...

Tariffs and the market volatility

15 Apr 2025

Contributed by Lukas

0:00 – Introduction2:05 – Impact on tariffs on markets5:20 – How companies respond to tariffs11:58 – Service companies tend to be more protect...

CNQ's tar-rific 2024

01 Apr 2025

Contributed by Lukas

0:00 – Introduction1:43 – Market correction3:40 – Upcoming Canadian election7:10 – Canadian government energy policy 15:15 – Principles when...

Constellation's stellar year

25 Mar 2025

Contributed by Lukas

0:00 – Introduction1:44 – The rough 2025 for the US stock market6:00 - The current market vs other pullbacks12:37 – Constellation Software's ear...

Navigating Tariff Threats

11 Mar 2025

Contributed by Lukas

0:00 – Introduction2:05 – A detailed overview of tariffs9:45 – Thinking about tariffs as leverage to renegotiate USMCA17:15 – Tariffs impact o...

Compounding for 94 years

04 Mar 2025

Contributed by Lukas

0:00 – Introduction1:35 – Importance of investing for the long-term3:41 – Warren Buffett’s annual letter and succession planning at Berkshire1...

Good and Bad earnings recap and Brookfield Bonanza

25 Feb 2025

Contributed by Lukas

0:00: Introduction1:38: Trump and navigating uncertainty in the markets5:40 : How has retirement changed? 12:00: TFI International’s disaster quart...

"Spread"-ing risk in bonds

19 Feb 2025

Contributed by Lukas

In this week's Long-Term Investing Podcast, Barry and Ernest discuss their fixed income strategy with spreads at multi-decade highs, then discuss Q4 e...

Why we are not "tariff-ied"

11 Feb 2025

Contributed by Lukas

0:00: Introduction1:20: More thoughts on Trump's tariffs6:40: Trump’s new tariffs on China11:40: Baskin’s long-term strategy resiliency to macro e...

Netflix’s next act + mailbag!

28 Jan 2025

Contributed by Lukas

This week, Barry and Ernest break down Netflix’s huge quarter and its initiatives in sports before doing another mailbag, answering questions about ...

Predictions are hard and Ernest meets Mike Rose

21 Jan 2025

Contributed by Lukas

0:00 – Introduction 2:33 – The recent market pullback 5:28 – Goldman Sachs forecast for 3% market returns 8:50 – Issues in predicting long-te...

Take me to the Stars! An update on Constellation Software

14 Jan 2025

Contributed by Lukas

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 ...

Year-End Wrap

17 Dec 2024

Contributed by Lukas

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:S...

Getting Back into Meta + Your Questions

10 Dec 2024

Contributed by Lukas

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 Make...

More on Tariffs, Google, Couche-Tard and Copart

03 Dec 2024

Contributed by Lukas

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? ...

Tracking Berkshire's Portfolio + Your Questions!

27 Nov 2024

Contributed by Lukas

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 ...

Taking a position in TransDigm

18 Nov 2024

Contributed by Lukas

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...

Catching up on Apple, Berkshire and Garmin

11 Nov 2024

Contributed by Lukas

0:00 Introduction 2:10 Bell Canada’s Acquisition of Ziply: Does It Make Sense? 7:04 Balance Between Shareholder Expectations and Corporate Policy fo...

Quality Investing for the Long Run - Webinar replay

04 Nov 2024

Contributed by Lukas

On Tuesday October 29th, 2024 seasoned investors Barry Schwartz and Ernest Wong hosted an exclusive webinar, Quality Investing for the Long Run. Discu...

Thinking about elections and earnings

30 Oct 2024

Contributed by Lukas

0:00: Introduction 1:41 Impact of Bank of Canada’s Interest Rate Policy on Markets 9:50 Does it Really Matter: US Presidential Election 14:12 Break...

Stocks at all-time highs and thoughts on AI and Pizza

22 Oct 2024

Contributed by Lukas

0:00 Introduction 1:45 Subdued response to our Garmin pitch? 3:48 Our take on the strong markets 8:23 Learnings from Adobe MAX 17:16 Our experiments ...

Canadian Natural Resources: A Wall of Free Cash Flow is on the way

16 Oct 2024

Contributed by Lukas

0:00- Introduction 3:31- Did we miss the Chinese stock rally? 9:15- Why we sold Vail Resorts and CN Rail 18:24- Benefiting from bad weather 22:34- B...

Riches in Niches: Diving deep into Garmin

02 Oct 2024

Contributed by Lukas

0:00 Introduction 2:10 The DoJ's antitrust lawsuit against Visa 12:03 Introducing Garmin 13:14 Garmin's pivot from car GPS 18:00 Garmin's unique dist...

Ferrari's pole position

25 Sep 2024

Contributed by Lukas

0:00 Introduction 1:05 Brookfield’s $50 Billion Canada Fund 4:35 Adobe: a great business 8:56 Why are Adobe’s stock so volatile? 12:15 Future Dri...

Building to the top: Bullish on Brookfield

18 Sep 2024

Contributed by Lukas

0:00 Introduction 1:05 Is the September effect real? 4:52 Baskin's successful multi-baggers and performance 13:19 Feature discussion: Brookfield Inve...

Finding Quality in Canadian Banks

11 Sep 2024

Contributed by Lukas

  0:00 Introduction 1:33 Pillars of Quality Investing 6:30 Problems with investing in lower-quality businesses 9:10 Are yield stocks going to reboun...

Frosters meet Slurpies: Breaking down Couche-Tard's bid for 7-Eleven

04 Sep 2024

Contributed by Lukas

0:00: Introduction 3:45: What Ernest and Barry learned on vacation 6:04: Reasons for stick to North American stocks 9:05: Convenience Store market i...

Review of the first six months of 2024 for the Baskin Wealth Portfolio

23 Jul 2024

Contributed by Lukas

0:00: Introduction 1:23: The recent trends of Canada's interest rates and economic growth 4:56: When should investors buy bonds? 6:45: Review of the f...

Generating Interest for Fixed Income

16 Jul 2024

Contributed by Lukas

0:00: Intro 1:06:The role of fixed income in portfolios through history 7:49: Why we keep bond duration short 9:53: The attractiveness of fixed incom...

Alimentation Couche-Tard's Q2 pit stop

05 Jul 2024

Contributed by Lukas

0:00: Introduction 0:27: What is a share buyback? 3:12: The pros and cons of buybacks 6:26: The only reason why a company should ...

Going West for Growth: A Breakdown of National Bank’s Alberta acquisition.

28 Jun 2024

Contributed by Lukas

0:00: Introduction 2:04: Ernest's trip to a CCL Industries plant 8:48: CCL Industries' recent acquisition in the Middle East 10:47: A review of the TS...

June Financial Planning Edition- Everything you wanted to know about TFSA's

17 Jun 2024

Contributed by Lukas

0:00: Introduction 1:56: A refresher on the new capital gains changes in Canada 3:37: What do the new changes mean for your portfolio? Should you act ...

Why we finally put a ring on MSCI.

10 Jun 2024

Contributed by Lukas

0:00: Introduction 1:17: Barry talks about his trip to Calgary to visit clients. 3:25: A quick review of the markets in May and a preview of upcoming ...

Constellation Software: Revealing itself one star at a time

21 May 2024

Contributed by Lukas

0:00: Introduction 1:00: talking Domino’s Pizza crust and its stock. 4:42: Review of the Constellation Software Annual meeting. 5:50: Why the annual...

Buffett takes a bite out of Apple: A review of the Berkshire Hathaway 2024 Meeting

14 May 2024

Contributed by Lukas

0:00: Introduction 2.25: Our takeaways from the Berkshire Hathaway Annual Meeting 9:08: Berkshire’s Apple trim 14:01: Berkshire’s enormous cash pi...

Love that Turnaround at Restaurant Brands

07 May 2024

Contributed by Lukas

0:00: Introduction 1:42: Ernest’s talks about meeting Murray Edwards, Chairman of Canadian Natural Resources 5:05: Murray Edwards’ rant on Canada...

Special Financial Planning Episode on Capital Gains

29 Apr 2024

Contributed by Lukas

0:00: Introduction 3:25: Benjamin walks us through the new budget in Canada with respect to the upcoming capital gains changes. 5:43: Taking $250,000 ...

Trash is Cash: Waste Connections

22 Apr 2024

Contributed by Lukas

0:00: Introduction 1:37: discussion about capital gains changes in Canada and how it could affect your portfolio. 3:52: should you own a dividend paye...

The Canadian Compounder discount

15 Apr 2024

Contributed by Lukas

0:00: Introduction 0:56: Ernest’s discusses his debut on BNN Bloomberg 4:15: Why are there so few “super-investors”? 6:23: Canadian compounders ...

April Financial Planning Edition - All about Trusts

09 Apr 2024

Contributed by Lukas

0:00: Introduction 1:27: Bare Trust Debacle 3:08: Why people set up joint accounts with family members 4:17: Explaining probate on non-registered acco...

Compounding is afoot at the Circle K

01 Apr 2024

Contributed by Lukas

0:00: Introduction 1:48: Golf and Cialdini 2:42: Our take on the the DOJ suit against Apple 11:42: The Apple Bull and Bear thesis 17:50: Feature discu...

Tourmaline Oil - It's a gas, gas, gas.

19 Mar 2024

Contributed by Lukas

0:00: Introduction 0:56: Charlie and Warren rubber duckies backstory 2:36: Bank of Canada interest rate announcement and why it is reluctant to lower...

Buffett, National Bank and Royal way to value CNQ

12 Mar 2024

Contributed by Lukas

0:00: Intro 2:09: What to do in a bull market: 5:12: Berkshire Annual Letter 9:22: Reviewing Berkshire's under-performing assets 16:29: Letting yo...

Financial Planning Edition with Benjamin Klein

04 Mar 2024

Contributed by Lukas

0:00: Intro 0:50: Introducing Benjamin Klein 3:49: What is Financial Planning? 5:08: Should one get a CFA or CFP? 7:37: Does everyone need to do a fin...

Sitting on Topicus of the World

26 Feb 2024

Contributed by Lukas

0:00: Intro 2:22: Our take (or lack of it) on Nvidia's earnings 4:32: Having patience for long-term investments as a long-term investor 7:29: Case...

Lessons from David Baskin

16 Feb 2024

Contributed by Lukas

With Barry away this week, Ernest talks with Baskin Wealth Management’s founder and Chairman, David Baskin about the story of Baskin and how wealth ...

Stryker: Hips, Shoulders, Knees and Toes

05 Feb 2024

Contributed by Lukas

Jam packed episode this week! First, Ernest discusses what he does during earnings season. Next, Barry and Ernest discuss why stocks react the way the...

Netflix: Laying the Smackdown on its competition

29 Jan 2024

Contributed by Lukas

In this week's podcast, Barry and Ernest, talk streaming and the Canadian Railroads. But first they discuss how one should behave in a bull market...

10 Trillion things we love about Blackrock

22 Jan 2024

Contributed by Lukas

Our feature discussion today is about Blackrock, the $10T asset manager juggernaut. We discuss our reasons for owning Blackrock as well as a deep dive...

A Deep dive into our research process

15 Jan 2024

Contributed by Lukas

This week, Barry and Ernest dive deep into their research process and what they look for in buying a new company for their client's portfolio. If you ...

Deals, Deals, Deals

08 Jan 2024

Contributed by Lukas

Happy New Year! We are back with our first episode of 2024. It is a packed show. First, Barry and Ernest, rant a little bit about short-term thinking ...

A review of the highlights and lowlights of 2023

19 Dec 2023

Contributed by Lukas

This is the final episode of 2023! Barry and Ernest review the crazy year that was 2023. We discuss why staying with market leaders is the right choic...

Constellation, Brookfield, Canadian Banks and Lessons Learned from Charlie Munger

04 Dec 2023

Contributed by Lukas

Barry and Ernest discuss the large opportunities for Brookfield and Constellation, lessons they have learned from Charlie Munger - especially his spee...

The Toronto Twelve

27 Nov 2023

Contributed by Lukas

In this week's episode, Barry and Ernest discuss the Toronto Twelve. Twelve stocks on the TSX exchange that have compounded their shareholders ret...

Warren Buffett - The Investor

20 Nov 2023

Contributed by Lukas

You don't want to miss this episode! Barry and Ernest start the show with a discussion about the current market rally and its implications. Then t...

Rapid fire review of Baskin Wealth holdings Part 2

12 Nov 2023

Contributed by Lukas

Continuing on where they last left off, Ernest and Barry, review quarterly earnings of client holdings including, Canadian Natural Resources, Tourmali...

Rapid fire review of some Baskin Wealth holdings

01 Nov 2023

Contributed by Lukas

Happy belated Halloween! Ernest and Barry start the podcast with a discussion about Candy as well as Ozempic. Then we do quick reviews of some of our ...

CoStar a Star Compounder

23 Oct 2023

Contributed by Lukas

In this week's episode, Barry and Ernest discuss the recent volatility in the market, the illusion of safety in private real estate investments an...

What to do when a stock doesn't work

12 Oct 2023

Contributed by Lukas

Great episode today! Ernest and Barry discuss Baskin's strategy for fixed income. Then they discuss what to do when you own a stock that is going ...

A September to not Remember. Plus more on Costco

02 Oct 2023

Contributed by Lukas

September was a tough month for the markets, but not to fear, pullbacks are a feature of investing. Ernest and Barry breakdown the month that was. The...

Reviewing the Brookfield Investor Day

21 Sep 2023

Contributed by Lukas

We have a jam packed show today! Ernest and Barry discuss inflation and what it means for your portfolio. The guys talk about weird Constellation Soft...

Are Energy companies the new dividend kings?

14 Sep 2023

Contributed by Lukas

If you like dividends, you will love this episode! Barry and Ernest discuss the rationale of owning Canadian Energy stocks for income. We also give an...