Show Notes
0:00 – Introduction 2:05 – Impact on tariffs on markets 5:20 – How companies respond to tariffs 11:58 – Service companies tend to be more protected from macroevents 14:05 – Uncertainty of investing in equities 16:45 – Importance of balance sheet health 21:25 – The risks of using margin 25:27 – How we define portfolio diversification 33:50 – Why we don't predict macro 35:53 – Finding high quality businesses during the market pullback In this week's episode of the Long-Term Investing Podcast, Barry and Ernest discuss the market uncertainty relating to tariffs in the US and how Baskin Wealth is responding to the macroeconomic uncertainty.
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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.
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.