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 choice for us over the long-term. Also Ernest talks about his road trip to Michigan for the Domino's Pizza investor day as well as the CCL Industries investor day. Plus, Ernest, talks a lot about Netflix Best to all for the Holiday Season and we will see you back here in 2024!
Dec 19, 2023•34 min•Season 1Ep. 35
Barry and Ernest discuss the large opportunities for Brookfield and Constellation, lessons they have learned from Charlie Munger - especially his speech "The Art of Stock Picking" and then a review of the pros and cons of Canadian Banks for 2024 http://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf...
Dec 04, 2023•38 min•Season 1Ep. 34
In this week's episode, Barry and Ernest discuss the Toronto Twelve. Twelve stocks on the TSX exchange that have compounded their shareholders returns by over 15% a year going back 10 years. They discuss what these companies have in common, what elements have made them so successful, why Canada has so many serial acquirers and the outlook for some of the twelve going forward. Companies mentioned: Constellation Software Boyd Group Descartes Dollarama Tfi International Alimentation Couche-Tard Was...
Nov 27, 2023•40 min•Season 1Ep. 35
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 the feature discussion on the GOAT, Warren Buffett. We discuss Buffett's major bet on Apple, some of his mistakes, why you should trust his judgment, why he pared his financials to buy energy, why Buffett won't pay up for a fantastic business and we speculate about his new "mystery" stock.
Nov 20, 2023•42 min•Season 1Ep. 34
Continuing on where they last left off, Ernest and Barry, review quarterly earnings of client holdings including, Canadian Natural Resources, Tourmaline Oil, Apple, Ferrari, Live Nation and Restaurant Brands. But first, the guys discuss why indexing in Canada should be avoided.
Nov 12, 2023•34 min•Season 1Ep. 33
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 client's holdings including: CoStar, Visa, CN Rail, TFI International, Netflix, Dominos, Google, Amazon and Microsoft.
Nov 01, 2023•38 min•Season 1Ep. 32
In this week's episode, Barry and Ernest discuss the recent volatility in the market, the illusion of safety in private real estate investments and their feature conversation is about CoStar.
Oct 23, 2023•37 min•Season 1Ep. 27
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 nowhere. This leads to the feature discussion on Vail Resorts. Vail's stock has been flat for years but its fundamentals are improving... check out Ernest's Blog https://baskinwealth.com/an-ernest-opinion/what-to-do-when-a-stock-doesnt-work/...
Oct 12, 2023•39 min•Season 1Ep. 26
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. They also review why buying stocks only with a low price earnings ratio can be dangerous to your returns. Finally, the feature conversation is about Costco. Ernest and Barry review its latest quarterly earnings and give an outlook for its future.
Oct 02, 2023•38 min•Season 1Ep. 25
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 Software rights offering and what options one has. Then they review earnings from Copart and Adobe. And then the feature conversation is a review of the investor days for both Brookfield Corporation and Brookfield Asset Management.
Sep 21, 2023•39 min•Season 1Ep. 24
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 overview of the Canadian telco industry and review whether the dividends of the big three are sustainable.
Sep 14, 2023•32 min•Season 1Ep. 23
Packed show today with a great discussion of "Higher for Longer" and what it means for your portfolio, a quick review of our Copart thesis and then our feature discussion on the Canadian Banks. We review the risks facing the Canadian Banks given higher interest rates and the impact on the Canadian consumer in the short and medium term. Finally, we discuss the long term bullish outlook for Canadian Banks and the reason why prefer National Bank. https://cccis.com/news-and-insights/insights/what-is...
Sep 06, 2023•37 min•Season 1Ep. 16
We are back with a great conversation about Amazon. The everything store and cloud giant is firing on all cylinders. Has new CEO, Andy Jassy, finally set Amazon up for sustainable profits going forward? Tune in and find out...
Aug 21, 2023•37 min•Season 1Ep. 20
Back from vacation with our best podcast ever. Ernest and I discuss why we love companies that have the owner operator mindset and make themselves invincible on the balance sheet. Then we discuss our feature company, the profit machine called Apple. We talk about the current criticisms of the company and why we feel the best days stay lie ahead. Check it out!
Aug 11, 2023•33 min•Season 1Ep. 19
In this week's episode, Barry and Ernest discuss disruptions in the trucking industry, Constellation Software's big deal, and react to Netflix's earnings.
Jul 25, 2023•35 min•Season 1Ep. 19
This week's episode is a grab-bag of random topics. Ernest and I touch on the Magnificent Seven (the seven mega-techs that are driving the current rally), Domino's partnership with Uber, the FTC case against and Activision and Microsoft and the implications for Adobe, risks in the Canadian grocery sector and why we don't buy fashion businesses. Check it out!
Jul 14, 2023•35 min•Season 1Ep. 18
Join us for another great episode! Today we talk about the under-performance of the TSX year to date, the volatility of a stock's performance in any one year, dividend stocks vs. interest rates and why we don't buy alts for our clients. Our feature conversation is our research process to find High Quality Investments. Ernest dives deep into our strategy - to own a carefully selected portfolio of well run companies and hold them forever. Dontcha dare miss it!
Jun 23, 2023•37 min•Season 1Ep. 17
This week’s episode discusses Netflix’s initial success in cracking down on password sharing, followed by a rare macro forecast from Ernest, and then finally our feature company: a “boring” property management/renovations company that has delivered anything but boring returns. https://www.antenna.live/post/a-first-look-at-the-impact-of-netflixs-password-sharing-crackdown https://www.desjardins.com/on/en/savings-investment/economic-studies/canada-mortgage-debt-may-25-2023.html...
Jun 12, 2023•33 min•Season 1Ep. 16
Ernest and I, kick off this episode with a discussion about AI and Nvidia as well as stock price volatility, then we move on to talk about the opportunity in Brookfield Corporation. Next we discuss the lacklustre results of the Canadian Banks and then it is our feature discussion...CCL Industries. CCL is the largest label maker in the world and is one of the greatest capital allocators in North America (that you may never heard of). Check out Ernest's blogs on Brookfield and CCL Industries to fi...
May 26, 2023•31 min•Season 1Ep. 15
This podcast delivers in just over 30 minutes a hot, tasty and fresh take on Domino's Pizza. Domino's stock soared during 2020/2021 but has pulled back significantly on pizza fatigue. We think the long-term growth thesis is unchanged and we look for brighter days ahead as shareholders. Check it out!
May 12, 2023•34 min•Season 1Ep. 14
All aboard! Grab your ticket, sit back and enjoy the relaxing ride as you learn all about the Canadian Railroads: Canadian National Railway and Canadian Pacific Railway. Canadian Railroads are such great businesses. The growing population, the geography, the resources - perfect set up for years of growth.
May 01, 2023•30 min•Ep. 13
This week we have a very special guest....David Baskin, Chairman, Founder and Portfolio Manager at Baskin Wealth Management. In our opening discussion, David explains why inflation expectations matter more than the current inflation number and gives his take on the Federal Reserve and Jay Powell. Then David discusses what happened to one of Canada's premiere money managers, Gluskin Sheff. Finally, David tells us why he is still bullish on Canadian Banks given the recent negative headlines. https...
Apr 17, 2023•29 min•Ep. 12
Costco's stores are so busy that no one goes there anymore, just kidding! Costco store traffic continues to be very strong, Costco's balance sheet is in great shape and many expect a special dividend and membership fee hike shortly. In the meantime, Costco continues to open stores at a measured pace around the globe. Ernest and I profess our love for Costco and give our thesis why you should pay up for this great business. https://baskinwealth.com/an-ernest-opinion/costcos-true-moat/ https://bas...
Apr 09, 2023•29 min•Ep. 11
Ernest and I tackle a controversial investment, Live Nation. We start the podcast by discussing why we still see value in "Big Tech". Then we move on to our feature company, Live Nation. We discuss why artists need to tour to make money, the rationale behind the Live Nation and Ticketmaster merger and why Live Nation will thrive going forward. A great episode, check it out!
Mar 27, 2023•25 min•Season 1Ep. 10
In this week’s episode, Barry & Ernest discuss the prospects for the Canadian energy sector and our recent investment in Canadian Natural Resources. https://baskinwealth.com/blog/why-we-are-buying-an-oil-company/ Learn more about Google's moat here : https://www.justice.gov/opa/press-release/file/1563746/download
Mar 09, 2023•32 min•Season 1Ep. 9
Alain Bedard has built a trucking giant in TFI International. Come learn about one of the best capital allocators in Canada.
Feb 24, 2023•23 min
Happy Friday! We are back with another episode of the Long Term Investing Podcast. In today's episode, Ernest and I, talk about Factor Investing and have a feature discussion about Netflix. The stock market rally in 2023 has caught everyone off guard, we review what's working and what's not and what companies are saying about a possible downturn to come. We also do our best to describe what a Factor is and how important Factors are to portfolio management. Finally, we spend some quality time wit...
Jan 27, 2023•34 min•Season 1Ep. 7
Welcome back to the podcast! A new year brings us the first Long Term Investing Podcast of 2023. Please join us as we talk about ChatGPT and it's possible implications on Google. Plus, Ernest and I, go in depth on the Brookfield Asset Management Spin-off.
Jan 13, 2023•27 min•Season 1Ep. 6
Happy Friday! You'll love this episode as Ernest and I talk about Mark Leonard, Constellation Software, as well as Restaurant Brands. We talk Mark Leonard's beard, Ernest learns a yiddish word, and why we think the Constellation growth strategy is far from over. Then we talk Restaurant Brands. We review Patrick Doyle's stellar track record at Domino's Pizza and why we think he can recreate the magic at Restaurant Brands.
Dec 09, 2022•26 min•Season 1Ep. 5
Canadian Real Estate Investment Trusts have had a tough year on the back of rising interest rates and worries about inflation and a possible recession. Ernest and I review the current landscape and discuss the opportunities and risks with Canadian REIT's. An interesting discussion as always! Please enjoy
Nov 25, 2022•23 min•Ep. 4
