Iron Gate Financial Radio

The election is finally over—hooray! The political ads are gone, and the results are in: a red wave swept the Republicans into control of the White House, the Senate, and Congress.   But what does this mean for your investments? Is this political shift a blessing or a curse for the economy? And why does Warren Buffett, the Oracle of Omaha, still sit on an eye-popping $325 billion in cash?   In thi...

The election is here and the rhetoric from both sides is louder than ever. In this episode, we cut through the noise and fear-mongering to bring you the insights you truly need. While there’s much we can’t predict about next week, there are key factors we do know—factors that could make a real difference for your financial future. Join Brian, Brett, and Spencer as they share their expert insights,...

The S&P 500 has reached unprecedented heights, achieving 30 all-time highs in 2024. But with the ongoing bull market, interest rate cuts from the Fed, and an impending election, should investors consider securing their profits? In today's podcast, we draw valuable insights from the timeless classic, "Reminiscences of a Stock Operator," the biography of Jesse Livermore, a legendary investor known f...

What a year for the precious metal gold! It’s returns, year-to-date, are almost double the S&P 500. With the coming apocalypse, is now the time to buy that shiny precious metal? Speaking of the apocalypse, I hear it’s coming. If you ask people on the far left, a Trump presidency will cause it. If you ask people on the far right, a Kamala presidency will cause it. So apparently it's coming no matte...

The NFL just signed off on allowing Private Equity firms to invest in up to 10% of a team. Why did the NFL owners agree to this? They want liquidity. They want cash. Their asset, an NFL team, is illiquid. Liquidity is one of the most undervalued characteristics in any investment. In today’s podcast, Spencer and Brett discuss the importance of liquidity when investing. They dissect private equity,...

The average return for the stock market since 1928 is 9.85%. In those 95 years, how many times do you think the market has ended the year between 8% and 12%? In today's podcast, we discuss how everyone's expectations of the market are often incorrect. (In fact, if you have any expectations, it's best to discard them altogether!) The stock market has experienced more years with returns over 30% tha...

Another year, another amazing Berkshire Hathaway annual conference. This year Warren Buffett recently made headlines after selling 10 million shares of Apple stock and building a cash hoard of $189 billion. In today’s podcast we discuss: 1. Why Buffett sold 10 million shares of Apple stock. Is Apple doomed as a company as the headlines would make you believe? 2. What in the world do you do with $1...

In an election year, the media tends to emphasize market uncertainty, potentially leading to short-term thinking. Some fear a market correction, especially with recent NASDAQ gains, prompting thoughts to postpone decisions until after the election for clarity. What type of impact will the election have? Should it matter? What about Artificial Intelligence? Is now the time to invest? In this episod...

Warren Buffet once said, "Someone's sitting in the shade today because someone planted a tree a long time ago." In this episode, we talk about three things you need to be aware of if you want to build wealth for your future.  1. Understanding the Stock Market:  What do you need to know to create wealth? 2. Choosing the Right Investment Accounts:  Do you know which accounts are best for you? 3. Tru...

The S&P is at an all-time high. Did you miss the chance to invest? In this episode, we discuss the psychology of investing, while debunking myths around market timing and valuation. It's important to embrace a long-term perspective and avoid the trap of trying to time the market based on short-term fluctuations. Here's to wise investing, Brett Pattison and Brian Hunsaker

What a year 2023 was! Today, we review the year, highlighting how our clients' optimism outpaced the predictions of PhD economists regarding the market. Even though "experts" predict a rise in the S&P to 5150 in 2024, it's all about having a plan and sticking to it. Reacting to immediate economic or political events typically leads to failure in the long run, especially considering the noise surro...

If you're a regular listener, you know how much we admire Charlie Munger. Unfortunately, Charlie passed away on November 28, 2023. On this special episode, we talk about the FIVE ways Charlie Munger has influenced Iron Gate Global Advisors and us personally. After listening, we hope you feel the impact of Charlie Munger as well. Here's to you, Charlie, Brett Pattison and Brian Hunsaker

Iron Gate just celebrated our 24th year. Through these years, we've seen tumultuous times, such as the dot-com bubble burst of 2000 and the 2008 financial crisis. How do we navigate through these times? It comes down to a very important concept: who is steering the ship? Great business leaders are pivotal in steering their companies through rough seas and adapting to market changes. That's why buy...

The Wall Street Journal indicated that 26% of Americans now believe gold is the best long-term investment, up from 15% in 2022. There are plenty of advertisements encouraging you to rollover your retirement accounts into gold or even buy gold at Costco! So let's explore the surge in gold's popularity and tackle a pressing question: Is gold genuinely a wise long-term investment or something altoget...

Have the rising interest rates affected you? How do these increases affect businesses? In this episode, we emphasize the critical importance of a company's financial health and its ability to navigate the challenges presented by rising interest rates. Through the lens of Apple, we showcase a company with a strong balance sheet and the capacity to seize opportunities, invest in other businesses, an...

In a world bombarded by distractions, finding your focus can be like searching for a needle in a haystack. But fear not, because in this episode, we'll explore the invaluable role focus plays in every aspect of our lives. Focusing on your financial plan and goals is the top priority. Investors should not get too distracted by macroeconomic events or market fluctuations but rather concentrate on th...

In this episode, we breakdown a recent memo by Howard Marx titled, "Fewer Losers, or More Winners?". We discuss three important ideas from this memo:  1. Risk Control vs. Risk Avoidance - the importance of understanding the difference between the two. 2. The Risk of Taking Too Little or Too Much Risk - the balance between taking risks and avoiding them. 3. Warren Buffett and Charlie Munger's Inves...

If you are a current client and are dealing with the TD Ameritrade/Charles Schwab Transition, this episode is for you. Brett sits down with our Client Services Director, Katie Sano, and dives into the frequently asked questions regarding the transition and how it affects our clients. Here's to wise investing, Brett Pattison & Katie Sano

In today's episode, we discuss disciplined investing, mastering your emotions, and thriving in the upward momentum of the market. We kick things off by analyzing the performances of the S&P 500 and NASDAQ this year, then discuss "window dressing". Ever heard of it? We're shedding light on this practice where portfolio managers adjust their holdings quarterly, and we're exploring the role of market...

What a great start to the year! Despite the market performing well, ‘experts’ predict new lows ahead, with the commercial real estate market expected to be destroyed, and some experts claiming the next bubble is in money market funds. Gloom and doom predictions are everywhere you look. So, how can the market be up given the negative sentiment? In this episode, we discuss just how the market is so...

There are two distinct types of investors: the optimistic "This too shall pass" crowd and the fear-driven "This time is different" crowd. We highlight the encouraging year-to-date returns in the S&P 500 and NASDAQ to underscore that the end of the world has been postponed once again. The "This too shall pass" group are confident in the historical upward trajectory of stocks. On the other hand, the...

"Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on Euphoria." - Sir John Templeton Retail investors (you) are becoming more bullish and eager to invest, whereas institutional investors (experts) still express pessimism. In this episode, we discuss the performance of different sectors, such as energy, consumer staples, technology, and discretionary, and how con...

Ever wonder what happens at a shareholder meeting? Not just any shareholder meeting, but Warren Buffet and Charlie Munger's Berkshire Hathaway meeting? Brian, Spencer, and Dan attended the Annual Berkshire Hathaway Shareholder Meeting in Omaha last weekend. In this episode, Brian and Spencer share some highlights and the future of Berkshire Hathaway. We hope you enjoy this small glimpse into the m...

At Iron Gate, we do everything we can to put the probabilities of making money for you on our side. Our process for buying the best businesses in the world helps put those probabilities in our favor. A few of the businesses that we love are still down 20 – 40% from all-time highs. However, (and here’s where it’s important to understand), those businesses are more valuable to today than when their...

In our recent conversations with clients, a question keeps coming up, “When should I reduce the risk in my portfolio?”.   2022 was a brutal bear market so the question makes sense. Every asset class was down, most in double digits. People are tired and frustrated with volatility.   In today’s episode we answer the question, “When should someone reduce “risk” in their portfolio?”.   We also pose th...