The Canadian Investor
Investor managing billions reveals investment ideas (interview with Barry Schwartz)
Sep 4, 2023
Barry Schwartz, Chief Investment Officer at Baskin Wealth Mgmt, shares insights on managing risk, investing strategies, and the consistency of human behavior in long-term investing. He discusses his longest held stock, the National Bank of Canada, and the challenges of investing at a young age. Barry also highlights TMX Group as a defensive stock and explores the dominance of TSX TMX Group in the Canadian market and Live Nation's vertical integration controversies.
43:46
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Quick takeaways
- Maintaining a diversified portfolio is essential to mitigating risk and avoiding overexposure to a single stock.
- Investors should overcome home bias and explore global investment opportunities for long-term growth and diversification.
Deep dives
Baskin Wealth Management: A No-Nonsense Approach to Managing Money
Baskin Wealth Management, led by Barry Schwartz, takes a no-nonsense and common-sense approach to managing money for high net worth clients in Canada. They prioritize investing in high-quality stocks and bonds, maintaining transparency, and avoiding unnecessary risks. With a focus on long-term growth and customization for each client, they aim to compound their clients' wealth for a comfortable retirement.
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