Long Term Investing - With Baskin Wealth Management19 Mar 2024

Tourmaline Oil - It's a gas, gas, gas.

0:00: Introduction

0:56: Charlie and Warren rubber duckies backstory 2:36: Bank of Canada interest rate announcement and why it is reluctant to lower interest rates. 7:47: why does this matter for long term investing? 10:08: why Baskin has as much as 70% of its clients equity exposure to the U.S. 15:50: rethinking dividend payers in a more normalized rate environment. 18:18: why Constellation Software and Couche-Tard aren’t listed on the US stock exchange 21:15: All about Mike Rose and Tourmaline Oil 27:20: Tourmaline sticks to its circle of competence 28:36: Tourmaline’s natural gas strategy

32:20: reasons to be bullish on Canadian Nat gas 36:18: What is Mike Rose doing with his own money? 36:51: Tourmaline’s capital allocation strategy 40:15: keep an open mind to own a commodity business 41:30: comparing Tourmaline to the Magnificent 7.

This week's episode has Barry and Ernest discussing interest rates, why Baskin Wealth favours U.S. equities, why Alimentation Couche-Tard and Constellation Software are only listed on the Canadian exchange and then our feature discussion on Tourmaline Oil. Mike Rose, founder of Tourmaline, is one of Canada's greatest capital allocators. We learn all about his strategy and reasons to be bullish on Natural Gas.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(126)

What's next for Canadian banks?

Recorded: June 10, 2026This 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. 0:00- ...

17 Jun 42min

Financial Planning Special

This week, Ernest and Baskin Wealth’s Head of Financial Planning Benjamin Klein discuss the importance of financial planning and asset allocation from a wealth management perspective. 2:14- What isfin...

2 Jun 29min

Constellation Software's New Era

This week, Barry and Ernest discuss key learnings from the Constellation Software's annual general meeting. 0:00- Introduction3:52- Constellation Software backdrop 12:08- CSU's response to AI 25:50- C...

26 Mai 47min

The Greg Abel Era at Berkshire

Recorded on: May 6, 2026This week, Barry and Ernest discuss the strong outperformance of AI-adjacent companies before discussing Berkshire Hathaway’s first AGM without Warren Buffett.0:00- Introducti...

12 Mai 41min

TFI's trucking rebound

This week, Barry and Ernest discuss Tim Cook's retirement and legacy, smart share buybacks from companies, and TFI International's improving financial outlook.0:00- Introduction 2:12- Tim Cook's retir...

5 Mai 32min

Fairfax: Fair and Friendly

Recorded on: April 22, 2026This week, Barry and Ernest break down their newinvestment in Fairfax Financial including the business model, similarities anddifferences to Berkshire Hathaway, and their st...

28 Apr 43min

Quality on sale

In the latest episode, Barry and Ernest explain why business quality matters more than macroeconomics concerns and also provide an update on FICO and the rationale for selling CoStar Group last year. ...

21 Apr 41min

More market turmoil + A fair new idea

In this week's episode, Barry and Ernest discuss broader implications of the Iran conflict before breaking down a new addition to the portfolio. 0:00- Introduction2:12- Long-term implications of Iran ...

14 Apr 31min