Lagniappe

Economic Development and Trends in New Orleans with Peter Ricchiuti


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In this episode, Doug and Greg talk with Peter Ricchiuti, Founder and Director of Burkenroad Reports.

Peter started Tulane’s nationally acclaimed student stock research program Burkenroad in 1993. Since then, he has mentored hundreds of students about underpriced and overlooked stocks in southern states. Before that, Peter also served as the Chief Investment Officer for the state of Louisiana.

Peter talks with Doug and Greg about overlooked stocks, the impact of the pandemic on the decline in birth rate, and trends in the markets of different states, especially New Orleans.


Key Takeaways

  • [03:30] - Stock Under The Rocks.
  • [04:40] -  The Burkenroad Mutual Fund.
  • [07:46] - Peter’s insights on the future of the markets.
  • [09:01] - How COVID sped up the progress of inflation.
  • [15:56] - What’s the Baltic Dry Index?
  • [17:06] - What happens after an inverted deal curve?
  • [22:05] - How big is the impact of the top six companies?
  • [24:16] - Why you should not focus on the market-cap-weighted index.
  • [25:41] - Do oil companies affect other entities in the market?
  • [28:00] - Can Louisiana be a renewable state?
  • [32:35] - Pumping money into startups in New Orleans.

  • Quotes

    [20:31] - “I think one of the big problems we have in the country is tremendous income, inequality, wealth inequality, economic opportunity inequality. And I think that's leading to a couple of big trends.” - Peter Ricchiuti

    [22:55] - “Indexing in other asset class, small-cap, mid-cap stocks, international, they just look flat out more inviting. On the international side, I think the average American has 90% to 95% of their money domestically. And yet, 50% of all stocks are actually non-US. And these countries are growing faster.” - Peter Ricchiuti


    Links 

    • Peter Ricchiuti
    • Burkenroad Reports
    • Tulane University Freeman School of Business
    • Stocks Under Rocks: How to Uncover Overlooked, Profitable Market Opportunities by Peter Ricchiuti
    • Hancock Whitney Bank
    • First Horizon Bank (formerly Iberia Bank)
    • CARES Act
    • Charles Ponzi
    • Baltic Dry Index
    • Origin  Bank
    • Wall Street Journal
    • S&P 500
    • Early assessment of the relationship between the COVID-19 pandemic and births in high-income countries

    • Connect with our hosts

      • Doug Stokes
      • Greg Stokes
      • Stokes Family Office

      • Subscribe and stay in touch

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        • Spotify
        • Google Podcasts
        • LagniappePodcast.com

        • Disclosure

          The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a final decision.

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