Defending Big Tech’s AI splurge

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Long Term Investing - With Baskin Wealth Management

Barry Schwartz

105 episodes

3 days ago

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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Defending Big Tech’s AI splurge

Long Term Investing - With Baskin Wealth Management

44 minutes 31 seconds

2 months ago

Defending Big Tech’s AI splurge

Barry and Ernest are back from summer vacation and discuss why companies need to think locally in international markets, before breaking down how Big Techs can earn healthy returns on their massive capital spending on AI.

1:41- Ernest getting stuck in Europe

5:37- Importance of local operators

9:04- Couche-Tard’s failed Carrefour deal

14:50- Market update

21:24- Google’s strong performance

26:24- What’s the return for big tech capex?

33:20- Will AI displace traditional software?

36:25- How AI impacts Constellation Software