
Free Daily Podcast Summary
by Barry Schwartz
Welcome to the refreshing podcast that focuses exclusively on Long-Term Investing and how to grow your wealth. This podcast features in-depth discussions on quality businesses, great capital allocators and compounders. Show hosts, Barry Schwartz and Ernest Wong, are industry professionals with years of experience and each week they will bring you an exciting conversation that filters out the noise and gets to the heart of what really matters for Long-Term Investors.
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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 isfinancial planning?8:13- Assetallocation 15:50- Planning fordifferent generations18:24: Taxconsiderations 21:12- Hierarchy ofinvestment accounts25:53- Can AIreplace financial planning?
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- CSU's acquisition pipeline34:15- Incentives at Constellation Software39:17- What would make us sell CSU?
Recorded on: May 6, 2026 This week, Barry and Ernest discuss the strong outperformance of AI-adjacent companies before discussing Berkshire Hathaway’s first AGM without Warren Buffett.0:00- Introduction2:14- High valuations for AI-adjacent names11:48- Google’s AI update 21:15- Apple’s strong results 24:49- Greg Abel at the Berkshire AGM 28:53- Berkshire’s capital allocation changes
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 retirement and legacy 9:38- Reed Hastings resigning from Netflix's board14:11- Smart share repurchases21:46- TFI International's rebound
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 strong track record inunderwriting insurance and growing shareholder value. 0:00- Introduction6:44- Fairfax's business model12:10- Disciplined insurance underwriting21:00- Fairfax's investment strategy28:58- Return expectations34:44- Key man risk for Fairfax36:30- Insurance industry risks
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. 0:00- Introduction5:51- Upcoming CUSMA renegotiation7:48- Business quality trumps macro 16:41- Outperformance of Domino's and Stryker21:05- FICO update28:06- Private credit worries for software 32:20- Why we sold CoStar Group
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 7:43- Low multiples for AI stocks 11:50- New addition to the portfolio14:54- Why FICO is a great business18:15- FICO's pricing power + industry incentives23:19- The housing cycle25:40- VantageScore competition
This week, Barry and Ernest discuss the Iran conflict and long-term investing through market volatility before updating Restaurant Brands "Whopper" of a turnaround plan.0:00- Introduction2:20- Live Nation settlement correction4:52- Iran and market volatility15:00- Portfolio management in volatility19:20- Restaurant Brands update
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Welcome to the refreshing podcast that focuses exclusively on Long-Term Investing and how to grow your wealth. This podcast features in-depth discussions on quality businesses, great capital allocators and compounders. Show hosts, Barry Schwartz and Ernest Wong, are industry professionals with years of experience and each week they will bring you an exciting conversation that filters out the noise and gets to the heart of what really matters for Long-Term Investors.
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