Podcast · Business

Long Term Investing - With Baskin Wealth Management

by Barry Schwartz · English · Business

Welcome to the refreshing podcast that focuses exclusively on Long-Term Investing and how to grow your wealth. This podcast features in-depth discussions on quality businesses, great capital allocators and compounders. Show hosts, Barry Schwartz and Ernest Wong, are industry professionals with years

New episodes: Weekly
Typical length: 42 min
Latest: 6 Oct 2026
Language: English

Latest episode

6 Oct 2026 · 37 min

FICO Crashes, Higher Rates & the Case for Costco

👉 Click Here to Subscribe: https://www.youtube.com/@LongTermInvestingPodcast What do you do when a stock you own drops 26% in a single day? For long-term investors, moments like these can be the ultimate test of conviction. In this episode of the Long Term Investing Podcast, Barry Schwartz, President and Chief Investment Officer at Baskin Wealth Management, and Ernest Wong, Head of Research and Portfolio Manager, break down the sudden plunge in Fair Isaac (FICO), what changed for the business, and why they’re resisting the urge to make a knee-jerk decision. They discuss how to determine…

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Earlier episodes 29 most recent

S2 · E2 · 29 Sep 2026 · 31 min
Meta’s New AI Could Change the Internet. What Does It Mean for Investors?
Meta has spent billions betting on artificial intelligence. Now, investors may finally be getting a glimpse of what that investment could become. In this episode of the Long-Term Investing Podcast, Barry Schwartz, President and Chief Investment Officer, and Ernest Wong, Head of Research and Portfolio Manager at Baskin Wealth Management take a closer look at Meta’s new AI assistant, Muse, and the rise of agentic AI—technology that doesn’t just answer questions, but can actually complete tasks for you, from booking a restaurant to shopping for insurance or cancelling unwanted subscriptions.…
S2 · E1 · 22 Sep 2026 · 42 min
The Market Has Changed. Our Investing Principles Haven’t.
The Long Term Investing Podcast is back with a brand-new season and a brand-new look. Barry Schwartz, President and Chief Investment Officer, and Ernest Wong, Head of Research and Portfolio Manager at Baskin Wealth Management, return to break down why short-term volatility hasn’t shaken their conviction in owning high-quality compounders—businesses that can grow earnings and free cash flow per share, reinvest at attractive rates and create value over the long term. With interest rates moving higher, inflation concerns resurfacing and AI investment continuing to reshape the economy, Barry and…
17 Jun 2026 · 42 min
What's next for Canadian banks?
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
2 Jun 2026 · 29 min
Financial Planning Special
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?
26 May 2026 · 48 min
Constellation Software's New Era
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?
12 May 2026 · 42 min
The Greg Abel Era at Berkshire
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
5 May 2026 · 33 min
TFI's trucking rebound
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
28 Apr 2026 · 43 min
Fairfax: Fair and Friendly
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
21 Apr 2026 · 42 min
Quality on sale
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
14 Apr 2026 · 31 min
More market turmoil + A fair new idea
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
30 Mar 2026 · 32 min
Market Turmoil + Restaurant Brands Update
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
17 Mar 2026 · 26 min
Trust in Live Nation
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
10 Mar 2026 · 30 min
Netflix's $2.8b Money Heist
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
25 Feb 2026 · 38 min
Moody's Solid Rating
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
18 Feb 2026 · 31 min
Charging to the Future
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
10 Feb 2026 · 31 min
Big Capex for the Big Techs
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
27 Jan 2026 · 28 min
Chips and Streaming
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
20 Jan 2026 · 22 min
Fed Turmoil and Credit Card Rate Caps
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
13 Jan 2026 · 40 min
Venezuela + Financials outlook
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
30 Dec 2025 · 46 min
Looking back at 2025
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
16 Dec 2025 · 46 min
Netflix's HBO drama
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
2 Dec 2025 · 54 min
Filling up on Couche-Tard
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
25 Nov 2025 · 47 min
Drilling Down on Canadian Energy
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 tailwinds for natural gas 42:29- Country-level risk for commodities
11 Nov 2025 · 49 min
Reviewing Q3 earnings for Apple, Amazon and more
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
5 Nov 2025 · 52 min
Sticking with stocks
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
28 Oct 2025 · 1 hr
We are sticking with compounders
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 of compounders55:51- When to sell compounders?
21 Oct 2025 · 46 min
Ferrari’s pit stop through 2030
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 update
1 Oct 2025 · 34 min
Constellation's AI playbook
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 full and speedy recovery. This week, Barry and Ernest react to Constellation Software's conference call about the risks and opportunities of AI to their business. 0:00- Intro 4:34- Constellation's AI conference call 13:53- Geoffrey Hinton's radiologist prediction 14:58- AI concerns for Constellation 24:48- AI opportunities for Constellation 27:02- Constellation's decentralization 32:00- High hurdle rates for M&A
24 Sep 2025 · 52 min
Getting carried away with Brookfield
This week, Barry and Ernest provide an update onBrookfield after its annual investor day, before breaking down Adobe's earnings and business updates. 0:00- Intro 6:40- Brookfield annual investor days 9:38- BAM's AI strategy 17:27- BAM's retail opportunity 18:51- BAM carried interest 20:41- BN's insurance business 31:48- BN's real estate update 35:19- How BN's insurance growth benefits BAM 39:39- Adobe update

About Long Term Investing - With Baskin Wealth Management

Long Term Investing - With Baskin Wealth Management is a English business podcast from Barry Schwartz. Melo plays each episode straight from the publisher's own feed — no ads added, no account needed — and remembers where you stopped, in this browser only.

Publisher: Barry Schwartz
Language: English
Category: Business
New episodes: Weekly
Typical length: 42 min
Latest episode: 6 Oct 2026
Feed: RSS — paste into any podcast app
Apple Podcasts: podcasts.apple.com/podcast/id1650147094
Rights: Barry Schwartz

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