Equity Mates Investing Podcast Avoid ‘Boomer Pandering’ with your investments - Luke Laretive
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Oct 13, 2025 In this engaging discussion, Luke Laretive, CEO of Seneca Financial Solutions and expert in small-cap investing, critiques Australia’s 'Boomer pandering' in investment practices. He argues that investors' obsession with dividends could hinder growth. Luke shares insights on emerging sectors poised for the next market cycle and provides strategies for recognizing when a company's narrative no longer aligns with its growth. He also highlights the importance of nuanced, probabilistic thinking in portfolio construction and the value of active management in small-cap investing.
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SaaS Drives Small Cap Outperformance
- Software and SaaS-like businesses powered much of Seneca's recent outperformance.
- Luke cited big gains from Catapult, CoreLogic, Energy One and RPM Global within his small caps fund.
The Risk Of Data-Point Anchoring
- 'Boomer pandering' is relying on simple historical data points to justify investments.
- Luke Laretive warns this anchoring to dividends or low PEs gives false confidence in a complex market.
Invest In The Grey, Not Certainties
- Focus on the grey, probabilistic middle rather than neat black-and-white rules.
- Run scenarios, diversify across 30–50 positions, and accept only a ~50% hit rate per Luke's experience.