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Business Roundtable

Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, & More

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Jul 28, 2021

Investing Mid-2021, Inflation, Tech Stocks are Flat, Now What?

- BRT S02 EP30 (77) 7-25-2021



Things We Learned This Week:

  • Inflation, The Fed, Macro outlook, state of the market
  • Bitcoin – how should average investor think about it, or too speculative ?
  • Cyclical Stocks, value stocks, growth stocks (should you hold off)
  • Portfolio Turnover, prune out losers, what is working
  • Passive vs Active mgmt, why Indexing not the answer
  • What Tactical strategy means in investing w Robert



Guest: Robert Raeburn VP Wealth Mgmt,  Life Pro Asset Mgmt

Robert’s Weekly Insights -

LPAM YouTube Channel: Here





Review Robert’s basic stock parameters - More about liquidity vs. market cap – mid to large.

Where in the cycle are we at? Secular growth

Rate of change – feeds into earnings

Qualitative side – some disruption, then turn around

Momentum and sales growth – sector trend – positive

Earnings don’t matter, until they matter / can be Balance Sheet, EBITDA. Look at CF, FCF.

Valuations – rise and buy and when to bail.

Screening – difficult to screen certain factors

Machine – many traders using computers and algorithms – see where the money flows are

Commodities – oil, gas, copper – 2010 hot because China building

Software – trades on billings growth, recurring. Does it grow quarterly?

Financials – yield curve and earnings

Utilities – bonds, what is your 10 year yield? (P/E – 5x)

Broadly speaking – is this business growing and capturing market share, leader in the space? Good balance sheet, low debt

Keep it simple, Wall Street makes it too complicated.

2020 – Recession, 2021 recovery. Low interest rates and recovery – S&P  up.

Robert was heavy on tech and software from 2010 – 2020

Make money regardless of state of the market

Investing style is over-rated. Dominate investing theme. Do not put yourself in a box – these themes could last 5 – 10 years.  Sector themes last up to 10 years.

Investing – 3 changes of doubt, acceptance, & exuberance usually takes 10 years for all 3.

Physics Analogy – takes so much force to push a stock higher, needs so much money buying the stock to push it higher.

Big tech rising so much, gets so big and now government regulates and growth slows.

Passive – buy Market Index and hold for years. No market timing, own group of stocks and hold for years.

Active - minimize exposure to areas getting disrupted and beat up. Move money to sectors growing and buy companies that lead. Companies, like people or Empires, are born, grow and then die.

Mean reversion – catalyst to make it happen, to turn it around. Follow others who discovered turn around.

Oil and gas – 2.4% of S&P

Tech and Comm.– 40% of S&P

Apple and Tesla bigger in S&P than oil and gas, (steel, copper)

Catalyst - rebuild west, materials, oil & gas, commodities, financials (banks)

Re-flationary – banks borrow money low and lending more money now, Volume on loans

Raw material cost is $0 for banks – spread banks pay .05% and make 1.5% spread

Risky and Riskier Stocks, all Stocks have risk

What is your timeline? Needs to be long term, ie - Miss 10 days of recovery, lose 50% gains

Price does not equal truth

What are you investing in? What is your exit plan?

Mid Life structure – making money too easy, too speculative.

Distribution - Top 1%, top 20%, top 50%, Markets teach hard lessons on wealth

Crypto and Block chain are real, but like 2000 tech. Not there yet, take 10 years.

Who will be the winners? 2000 looked like Yahoo, AOL & Netscape, but Amazon + Google won.



Investing Topic:


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Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

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Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.