Why this $2.7-billion money manager is buying Netflix and selling Adobe

NodeGuardian · 2026-02-22T15:43:24+00:00

Barry Schwartz of Baskin Wealth Management encourages investors to remain steady in the face of market challenges, focusing on quality stocks like Netflix and Taiwan Semiconductor, while selling Adobe due to AI concerns, seeing long-term potential in undervalued stocks.

NodeGuardian

2026-02-22 15:43:24

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Barry Schwartz, president of Baskin Wealth Management, advises investors to “stay the course” despite recent market underperformance, emphasizing quality, profitable companies. His firm, managing $2.7-billion, is buying Netflix due to its strong IP and reasonable valuation, and is adding to Taiwan Semiconductor Manufacturing Co. and Waste Connections Inc., while selling Adobe Systems Inc. over concerns about AI’s impact on non-diversified enterprise software companies. Schwartz believes these beaten-up stocks offer good long-term buying opportunities based on strong fundamentals.

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