Stocks started off the week in a bullish mood as investors took comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the U.S. Apollo Global Management Inc. is mulling an increase to its $2.5 billion takeover bid for Great Canadian Gaming Corp. but may walk away from the deal if it can’t win approval at an upcoming shareholder meeting, according to people familiar with the matter. You’re really giving up all your control in the stock market to nervous people. It should benefit from the tailwinds of an aging global population that will increasingly require Stryker implants. View on map. You know, the cat doesn’t go sit on the hot stove. Baskin Wealth Management takes a disciplined team approach to managing your money and recognizes that each client has unique goals and attitudes towards risk.. Robin Speziale is the national bestselling author of Market Masters, which is available at Chapters, Indigo, and Coles as well as Costco and Amazon.ca. Investors are very good at laying out all the uncertainties and risks in any given current market. We believe that the certainty of low interest rates for many years outweighs all uncertainty in the market and that earnings will continue to go higher given the clear recovery in the North American economy. Both David Baskin, the company's namesake, and colleague Barry Schwartz have much to offer knowledge-hungry investors. Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. Baptist Health Rehabilitation Institute. Create a free website or blog at WordPress.com. Barry D. Baskin, MD. Even the great ones can go up or down 50% in a year.”, 5) “We don’t let the stock market drive our investment decisions. In fact, Barry invests based on Warren Buffett’s ideologies, ideologies that in my opinion are derived more from Philip Fisher than they are from Benjamin Graham, even though Buffett himself would say otherwise: he claims, “I’m 15% Fisher and 85% Benjamin Graham.”. On top of that, working from home has shown some managers that they need fewer employees to do the same amount of work. Barry Schwartz, chief investment officer at Baskin Wealth in Toronto said while there is still much that's uncertain, he called the news a "game changer" and "what we've all been waiting for." We believe the 5G upgrade cycle will be extremely positive for shareholders. Barry Schwartz, Executive Vice President, Chief Investment Officer, speaking at Baskin Wealth Management's annual client event, Outlook 2019. FREE Background Report. Barry Schwartz, chief investment officer and portfolio manager, at Baskin Wealth Management discusses his past picks: Blackrock, Activision Blizzard and IAA. Subscribe Now to My Newsletter (Join 3,500 Subscribers!). He’s direct and quick to answer, in such a succinct way that you’d swear he practised his answers days before the interview. We research companies, we think about their fundamentals, and we buy them with an eye that they’ll be worth a lot more in the future.”, 6) “To really make a lot of money with an investment, you need to have conviction and an egotistical attitude to say, ‘The stock market is wrong, and investors are misinformed.’”, 7) “Bad things happen to good companies, but that provides you with opportunities. However, we think it important to compare potential asset class returns over a multi-year period. ( Log Out /  Change ), You are commenting using your Facebook account. Upon reaching Barry’s office floor, I was greeted by his assistant, who asked me to take a seat before seeing Barry. When he arrived, it was with a huge smile. Lots of stocks are volatile. After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. When you stick your fingers in the tiger’s cage, you get bit. More growth ahead. Request Appointment. Barry D. Baskin, MD. Barry Schwartz is chief investment officer and portfolio manager at Baskin Wealth Management. That’s why Barry is smiling. Barry Schwartz joined Baskin Financial Services Inc. in 2000 and became an Equity Partner in 2005. The billion-dollar or less stocks that a company like ours can’t get access to anymore because we have gotten too big and would own too much of the stock.”. Fax (501) 223-2447. He lives in Toronto, Ontario. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Stock Market Adventure (Investing for Kids), Canada’s Technology & Software Superstocks . Focus: North American large caps. Direct Line (501) 223-2099. It was only until after the interview that I realized Starbucks would fit perfectly into Barry’s ideal portfolio. Request Appointment. ( Log Out /  Barry joined Baskin Wealth Management in 2000 and became a partner in 2005. Barry Schwartz Member since: Sep '09 CIO & Portfolio Manager at ... Baskin Wealth Management Review. Apple continues to delight its massive and growing user base with its elegant, must-have products. ( Log Out /  Barry Schwartz spent most of March trying to talk his clients off of two distinct ledges. My full interview with Barry Schwartz of Baskin Wealth Management originally appeared in my national bestselling book, Market Masters, which is available at Chapters, Indigo, and Coles as well as Costco and Amazon.ca. Mr. Barry I. Schwartz, CFA MBA, is Vice President & Chief Investment Officer at Baskin Financial Services, Inc.Mr. To think that Barry pretty much stumbled into the investing world is unusual. 2325 Opinions Latest Top Picks MCO-N (A Top Pick Nov 19/19, Up 24%) Still buying for new clients. What many forget is that over the long term, there are only two things that matter to stock prices: earnings and the level of interest rates. I’ve never made a bad decision by buying into a company paying 8% or 9% free cash flow yield or higher.”, 9) “Warren Buffett said something along the lines of, ‘If you have to have a meeting before you go out and raise your prices 10%, that’s not the type of business I want to be in.’”, 10) “We’ve gotten smarter over time. Some of the country's initial 30,000 doses of the Pfizer-BioNTech vaccines touched down on Sunday night, Prime Minister Justin Trudeau announced on Twitter, sharing a photo of a plane being unloaded. For all the headline-making drama surrounding Elon Musk and his brainchild Tesla Inc., investors were rewarded handsomely for their patience this year. Baskin Financial Blog David Baskin & Barry Schwartz are the lead Portfolio Managers at Baskin Financial Services in Toronto, Canada. Insurance and the financial planning process, Disability and critical illness insurance. 1) “Do you know the famous story about Joseph Kennedy? It learns its lesson and moves on.”, 11) “[Great] stocks all have something in common: they’re quality businesses that raise dividends almost every year, that generate a lot of free cash flow, that are in businesses that sell products and services that people use every day, and that have potential for growth.”, 12) “You can’t be dogmatic and say, ‘I only buy companies with 10-times earnings, and if I don’t find them, I don’t buy them.’ Well then, of course, if you did that you would never find anything to buy over the last four years.”, 13) “Value will often be recognized in the market. Barry D. Baskin, MD. If they’re profitable companies, they can get through it, and sentiment may revert.”, 8) “When companies generate free cash flow, and a high amount of free cash flow, good things happen. Rather, Barry invests in businesses for the long term. Businesses that will not lose their value in 10 years’ time. Terry Shaunessy's Top Picks: Dec. 9, 2020. The hardest decision in investing is to sit tight and do nothing; generally, doing nothing is the right winning strategy. The content on this website, including blog posts, pages, and newsletter, does not contain any financial advice or stock recommendations. Sorry, your blog cannot share posts by email. Barry struck me as a man who was doing exactly what he wanted to be doing with his life. Investing wasn’t his original game plan. Barry Schwartz, de Baskin Financial, s’explique mal les récents mouvements violents en Bourse puisqu'une reprise était déjà dans les cartons pour 2021 en prévision d’un éventuel vaccin. HealthLine (888) 227-8478. | Founded over 25 years ago, Baskin Wealth Management is an independently owned investment management firm that provides customized wealth management solutions and services to families and foundations with $1 million or more to invest. Investing involves risk. In Greater Vancouver, where the average home costs just over $1 million, prices will rise nine per cent in 2021, according to a forecast from brokerage Royal LePage. And your kids' . Its shares have been under pressure as hospitals pulled back on elective surgeries due to COVID, but we believe that volumes will return as patients continue to suffer. We believe that at just 13 times forward earnings, shares are extremely cheap for a great capital allocator. Throughout the interview, Barry repeats “free cash flow” over and over again to exemplify its importance. We believe this is a chance to own a great business at an attractive price. And over again to exemplify its importance, does not contain any Financial advice or stock recommendations will lose! Does not contain any Financial advice or stock recommendations you shoot a bazooka, ’! A professional Why you should listen % doesn ’ t go sit on the stove. 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