Ernest Wong

In this engaging discussion, Barry Schwartz and Ernest Wong, co-founders of Baskin Wealth Management, share insights on long-term investing in high-quality businesses. They delve into the challenges of quality investing in the energy sector and how terminal valuations can impact high multiple stocks. Comparing Costco and Transdigm, they highlight effective business strategies and consumer goodwill. Additionally, they reflect on investment mistakes, stressing the importance of fundamentals and emotional control in navigating today's complex market.