To party like its 99 or not with Barry Schwartz

In this episode, we’re joined again by Canadian value investor Barry Schwartz of Baskin Wealth Management. Barry has been one of the most consistent and honest voices in the market through both tech booms and busts. He is known for cutting straight through the hype. Four years into the AI boom, we’re facing high valuations, massive Big Tech capex programs, and an ongoing debate: Is this fundamentally anchored in earnings, or is it still more hype than realized value?

Barry shares his updated thoughts on:

• Whether we’re in an AI bubble and what separates true AI winners with sustainable moats from companies just riding the narrative
• Big Tech’s transition from capital-light to capital-intensive business models: will ROIC decline significantly, and how will the market react?
• Concrete examples of where AI is actually delivering measurable results in large organizations (or where it’s still just expensive bills)
• His views on Alphabet, Apple, Shopify, Constellation Software, FICO, MSCI, SPGI, Canadian Natural Resources, Canadian Tire and Loblaw
• The Canadian consumer with record-high debt — how it’s affecting the banks and the broader market, including Goeasy

Barry is, as always, direct, numbers-driven, and unfiltered. This is an episode for anyone who wants an honest assessment of today’s market, both the opportunities and the risks. Listen now for insights from one of the sharpest value investors in North America.

Subscribe and turn on notifications so you don’t miss future episodes. You can follow Barry and his work here:

• X: https://twitter.com/BarrySchwartzBW
• Podcast: Long Term Investing; https://podcasts.apple.com/no/podcast/long-term-investing-with-baskin-wealth-management/id1650147094?l=nb
• Baskin Wealth Management;: https://baskinwealth.com/our-team/our-team-barry-schwartz/

Nothing in this episode should be interpreted as investment advice, but should be considered as entertainment. Always do your own due diligence, and consult a certified financial advisor if you seek advice on buying or selling stocks or other financial assets. The content of this episode was not sponsored.

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