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Thinking Like a Business Owner

Posted on November 24th, 2017 by Barry Schwartz

  I recently watched an interview from 1985, one of the first times that Warren Buffett appeared on national TV. He said two things that I found striking. The first was that the price of a stock in the stock market tells you very little about its value. We believe that. The second was that […]

Baskin Wealth Management Outlook 2018 Event Video

Posted on November 14th, 2017 by Baskin Administrator

On November 1st, 2017, David Baskin, Barry Schwartz and Scott Mazi of Baskin Wealth Management delivered their Outlook 2018 to clients at the Westin Prince Hotel in Toronto. Click here for the presentation slides

That Kool-Aid Might be a Killer

Posted on November 10th, 2017 by Ernest Wong

  There is nowhere in the world outside of casinos that provides as much promises of quick and easy riches as the financial markets. Your co-worker keeps telling everyone how much money he/she is making in cryptocurrencies or marijuana stocks. Your spouse sees Tesla’s stock going up over 1,000% since 2010, or Snapchat’s shares soaring […]

Maxing Out Your RSP is More Important than Ever

Posted on October 27th, 2017 by David Baskin

Give the Trudeau government credit for honesty. It has been consistent and open about its plans to tax the rich. Nobody should have been surprised by the recent tax policy initiatives aimed particularly at professionals. In Trudeau’s world, anyone making more than $150,000/year should be taxed more. Sloppy messaging by Bill Morneau, coupled with his […]

Rest in peace, homo economicus

Posted on October 20th, 2017 by Benjamin Klein

On October 9th, 2017, Richard Thaler, an economist at the University of Chicago, was awarded the Nobel Prize in Economics. Thaler is one of the founders of behavioural economics, having begun his study of the field even before Amos Tversky and Daniel Kahneman brought it into the mainstream. The three would later work extensively together […]

Letting Business Fundamentals Be Our Guide

Posted on October 16th, 2017 by Barry Schwartz

  On March 4, 2015, I sent the following email to one of our research analysts: “Take a fast look at Korn/Ferry. High-end search firm. Just started a dividend. Has a massive cash balance. Ticker KFY”. So our analyst prepared a research report on Korn/Ferry. Barry was very intrigued by Korn/Ferry’s inexpensive valuation and its […]