On April 24, 2015, a year before the UK voted on leaving the European Union, a year before Donald Trump won his first presidential primary race, and six months before Justin Trudeau was elected, the TSX closed at 15,408.  Less than 9 months later, on January 15, 2016, it closed at 12,073, a drop of […]

  As most of you know, last year our Chief Investment Officer Barry Schwartz was interviewed in the book “Market Masters: Interviews with Canada’s Top Investors” by Robin Speziale. Anyone who has read this interview or has followed Barry on BNN has continually heard about the importance of free cash flow. For this blog post, […]

On October 20, 2016, David Baskin, Barry Schwartz and Scott Mazi of Baskin Wealth Management delivered their Outlook 2017 to clients at the Westin Prince Hotel in Toronto. Please click here to view the outlook-2017 presentation

  People don’t like losing money. This much is obvious. What’s interesting, though, is that people suffer much more psychological pain from losing money, than they enjoy pleasure from receiving the same amount. This is a fundamental concept of prospect theory, developed by Daniel Kahneman and Amos Tversky. Theoretically, a dollar is a dollar is […]

  Donald Trump told the world that Hillary Clinton doesn’t have the stamina to be President. Hillary fired back that Trump doesn’t have the temperament to be President. Soon enough, we will get to see if Trump has enough of both to be successful. I also believe that stamina and the right temperament are key […]

Among the most irritating phenomena in the world of finance is the prevalence of “hit and run” predictions. How often do we see an investment guru grab headlines by making an outrageous forecast? The Dow is going to 36,000! Sell everything, a crash is coming! Interest rates and inflation are going to the moon! These […]