Buy and Prosper
Baskin Financial is a buy and hold investor. We tell clients to expect a turnover rate of about 20% per year in their portfolios – that is, about two out of ten stocks they own will be sold in any [...]
Baskin Financial is a buy and hold investor. We tell clients to expect a turnover rate of about 20% per year in their portfolios – that is, about two out of ten stocks they own will be sold in any [...]
The laundry list of worries continued to grow in November, thanks to the flare up in the Middle East and the fear that the U.S. economy will go tumbling over the “Fiscal Cliff”. When added to concerns about rising deficits [...]
Leverage buyouts (or the LBO) reached a frenzied pace in 2007. Nine of the top ten largest leveraged buyouts in history occurred in 2007, as private equity shops used loose lending standards, high valuations and low interest rates to their [...]
Back on June 4th of this year the S&P 500 closed at 1,277, down a gut wrenching 9% from the previous month. Toronto didn't fare any better, as it too dropped by 9%. Those who told you to sell in [...]
Buy and hold is a terrible strategy, if you aren't paying attention to a company's valuation or business strategy. Warren Buffett once said that his preferred holding period for a stock is forever. But I think he left out the [...]
Canadian investors starving for yield in a perpetually low rate environment have been well rewarded by REIT’s over the past two years. But REIT’s haven’t been kind to their shareholders. You can count on one hand the number of Canadian [...]
When Hannibal and his army of Carthaginians threatened to bring down Rome and its Empire, the Roman generals favoured a strategy of direct confrontation in a large scale pitched battle. This led to the disastrous defeat at Cannae in 216 [...]
On June 4, 1992, my 40th birthday, I resigned from my job in the venture capital industry and launched Baskin Financial. With no clients and no track record, it was a pretty scary thing to do. Now, twenty years later, [...]
It’s hard to believe, but many Canadian stocks are at or near their all-time highs this month. Defensive sectors like the telcos, consumer staples, REIT’s, utilities and specialty high-dividend payers should be the anchor tenants in your portfolio. Cyclical and [...]
It is no secret that income-seeking investors have fewer places to turn than several years ago. As the global economy went south in 2008, central banks reduced the cost of borrowing to spur economic growth. With long dated Government of [...]