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 landscape

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 investment strategy 28:58- Return expectations 34:44- Key man risk for Fairfax 36:30- Insurance industry risks

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 software 32:20- Why we sold CoStar Group

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 25:40- VantageScore competition

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 23:15- Moody's vs S&P Global 31:25- TMX Group's risk from AI 33:08- Constellation Software earnings call

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

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

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 mergers 21:08- Netflix's motivations for buying WBD 33:04- Canadian bank update 40:14- 2026 for the Canadian banks 42:35- AI opportunity for Canadian banks

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 Discovery