With Barry back from vacation, he and Ernest get right back into discussing stocks and the markets. First, the guys discuss Nvidia and AI and sticking to you what you know as an investor. Next, they talk about three companies that are getting the long-term shareholders they deserve, CoStar Group, CCL Industries and Restaurant Brands. Finally, the feature discussion is on Topicus. Spun out from Constellation Software in 2021, Topicus is a serial acquirer of software companies based in Europe. They discuss the reason for the spin-out, Topicus’ strategy, why it is listed on the TSX Venture exchange and why it trades at a higher valuation than Constellation Software.
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 management has evolved. This episode is full of stories and wisdom from David's extensive experience in the industry.
Jam packed episode this week! First, Ernest discusses what he does during earnings season. Next, he and Barry discuss why stocks react the way they do after reporting quarterly earnings and they then breakdown some recent reports from Alphabet, Ferrari and Microsoft. Finally, their feature discussion is about the medical device giant, Stryker, where they discuss its moat and the outlook for business.
In this week's podcast Barry and Ernest talk about both streaming and the Canadian Railroads. But first they discuss the valuation of stocks as we start 2024 and how one should behave in a bull market. The feature discussion is on Netflix where they review the latest earnings report and the game-changing deal with World Wrestling Entertainment (WWE). In the final segment, it's a business with a lot less drama - CN Rail. They talk about CN's latest earnings results and the outlook for the company.
The feature discussion today is about Blackrock, the $10T asset manager juggernaut. Barry and Ernest discuss their reasons for owning Blackrock, take a deep dive into its recent acquisition in the private equity space and explain why this acquisition validates Brookfield's strategy. They also talk briefly about Apple but, before that, they answer some viewer's questions about portfolio construction and when and how decisions are made to buy a stock.
Barry and Ernest deep dive into their research process and what they look for in buying a new company for their client's portfolio. If you love discussions about management, culture, capital allocation, valuation and quality factors then this is the episode for you.
Happy New Year! We are back with our first episode of 2024. It is a packed show. Barry and Ernest rant a little bit about short-term thinking and narratives that drive the market. They discuss what Charlie Munger would have owned if he was a Canadian investor and the big deals made by our portfolio companies, TFI International, TMX Group and Waste Connections.
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.
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 [...]
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.