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 distribution strategy

22:55 Breaking down Garmin's segments

29:30 Garmin’s smart capital allocation

33:34 What does Garmin look like in 10 years

This week, Barry & Ernest wonder whether there is a pattern to recent Department of Justice antitrust lawsuits before breaking down their recent purchase of Garmin.

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 Drivers of Growth for Adobe

16:01 Ferrari: Car company or luxury company?

25:34 Ferrari’s EV Strategy

30:27 What is Ferrari’s opportunity?

36:08 Valuation thoughts

41:25 Bell’s Sale of MLSE to Rogers

This week, Barry and Ernest react to Adobe's earnings and future growth prospects, then discuss their investment thesis on Italian luxury good manufacturer Ferrari.

0:00 Introduction

1:05 Is the September effect real?

4:52 Baskin's successful multi-baggers and performance

13:19 Feature discussion: Brookfield Investor Day

16:53 Brookfield's insider alignment with shareholder

17:55 Brookfield Corporation vs Brookfield Asset Management

20:15 Brookfield's strategy in the current economic environment

24:17 Oaktree & growth in private credit

26:50 Brookfield Corp's capital allocation strategy

30:11 Getting to $176 of value by 2029

39:37 Why we prefer BN to BAM

44:49 Succession in Brookfield

In this week's episode, Barry and Ernest discuss why buying and holding compounders works before breaking down Brookfield's Investor Day

 

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 rebound?

15:38 Updates about Alimentation Couche-Tard

17:45 Another reason why US equity markets outperform

23:00 Differences in performance between the Canadian banks

26:27 Numbers on the upcoming mortgage renewal wave

32:14 Berkshire Hathaway reaches a $1 trillion market cap

38:38 Tourmaline Oil acquisition of Crew Energy

In this week's episode, Barry & Ernest discuss their outlook for dividend-paying stocks, differences in performance between Canadian banks, and Tourmaline Oil's acquisition of Crew Energy.

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 in Japan vs North America

14:21: Alimentation Couche-Tard's acquisition proposal for Seven & i

16:34: Difficulties of making foreign acquisition in Japan

17:48: Couche Tard’s strong track record of doing M&A

19:09: Timing of Couche-Tard's proposal for Seven & i

25:17: Why Couche-Tard wants to acquire Seven & i

In this week's episode, Barry and Ernest are back from vacation and discuss their preference for North American stocks before doing a deep dive on Alimentation Couche-Tard's proposal to acquire Japanese convenience store giant Seven & i Holdings.

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 first half of 2024

9:53: Growth concentration in the S&P 500

13:22: Reviewing stock performance by sector

14:58: What if? Discussions for the first half of 2024

19:21: Why using hindsight is a mistake

21:26: Netflix: One of our top performers YTD

25:35: How Google is outperforming everyone's expectations

28:46: How Costco's fee hike has impacted their stock

30:33: Constellation Software's recent performance

31:45: Insights into the perception of rising and falling stocks

36:21: Our thesis on Floor & Decor

41:18: Focusing on business structure rather than stock fluctuations

43:17: Are we currently in a bubble?

In this week's episode of the Long-Term Investing Podcast with Baskin Wealth, Barry and Ernest review the winners and losers in the Baskin Wealth portfolio for the first six months of the year. Companies discussed include: Netflix, Google, Costco, Constellation Software, Adobe and Floor and Decor. Barry and Ernest also talk their outlooks for the markets and the current risks. Check it out!

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 income today

13:22: Outlook for Canadian preferred shares

16:18: The under-performance of dividend paying stocks

19:56: Why we sold TD Bank

23:26: Why we sold the Canadian telecoms

27:02: Dividend sectors/names where we're seeing value today

With Barry on vacation, Ernest and David Baskin chat about the role of fixed income in a higher rate environment including bonds, preferred shares, and our outlook for dividend-paying stocks.

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 buy back shares

7:57: Why does CNQ spend so much on share buybacks?

11:26: Alimentation Couche-Tard's buyback announcement

15:24: The earnings from Couche-Tard

18:38: How can Couche-Tard combat inflation and retain its customers?

21:38: Alimentation Couche-Tard's new CEO

25:05: The TMX Group investor day

32:25: TMX Group's journey towards analytics

34:42: Ernest's book recommendation about Rogers and its acquisitions

In this week's episode, Barry and Ernest delve into the pros and cons of share buybacks, Alimentation Couche-Tard's weak quarter and CEO change, and share observations from TMX Group's Investor Day.

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 TSX this year and comparisons to American stock exchanges

16:33: Why we own specific Canadian stocks, and whether currency makes a difference

18:42: What Ernest pays attention to in the market

19:38: Feature Discussion: National Bank's acquisition of Canadian Western Bank

22:15: Why National has done better than other Canadian banks

23:47: Why National acquired CWB

26:08: National Bank's strengths and opportunities

29:28: National Bank's avoidance of weak-points in the Canadian economy

In this week’s episode Barry and Ernest review National Bank’s rationale for offering to acquire Canadian Western Bank. They also discuss the recent under-performance of the TSX vs. S&P 500 and Nasdaq and why they are still finding attractive opportunities in Canada.

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 or do nothing?

6:44: Could the new capital gains changes hurt your portfolio?

7:54: Feature Discussion: Tax-free savings accounts

10:48: What if you want to start a TFSA for a child?

12:39: What if you want to move a stock to your TFSA?

15:21: The future of your TFSA if you start early

17:53: Should you go YOLO in your TFSA?

20:11: Dollar-Cost averaging in your TFSA

23:19: What does having a corporate account mean for your TSFA?

25:49: What makes TFSA's so attractive for you and your children?

28:27: Which account should you put your money into?

32:06: Over-contributions and other final tips about TFSA's

Join Barry and Benjamin for a special episode all about TFSA's.