Show Notes
This week, Barry and Ernest discuss why people aredrinking less alcohol, talk about the importance of culture & incentives, and provide an update on Costco.
0:00 – Introduction 2:51 – The “Big Beautiful Bill” 7:51 – Shifts in consumer consumption behavior 14:38 – Importance of company culture andincentives 27:11 – Update on Costco 29:05 – Thoughts on Costco’s valuation 42:05 – Costco’s unique culture 43:08 – Next steps for Costco
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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.
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