Official Newsletter of the Salem Rotary Club

This week at Rotary... 

Salem Rotary
Reclassification Speech
The week at Rotary, we had the opportunity to hear from our very own Rob Lutts.  Rob is the founder of Cabot Wealth Management, currently serving as the firm’s President and manages Cabot’s Aggressive Growth Strategy. He has taken a strong interest in global research, particularly China and India, and other emerging markets. Rob has contributed to CNBC and leading publications and in 2019 he published his first book titled "Winding the Stem".
Rob spoke about his forty years of working in investing. What he learned is that the stock market over long haul will go up 9-10% per year, so Rob expressed supreme confidence in the stock market. He considers the market so strong because of the entrepreneur culture in the United States, a relatively fair legal system, strong investment sources, and the adaptability of the economy. He learned that investing in times of great change by finding great leaders of companies during these transitional periods. Rob gave Rotarians a lot of advice on what to focus on in terms of investing as well as what to avoid. Asset allocation is important, and he advised folks to avoid hedge funds due to the complicated nature of the strategies. In other words, K.I.S.S. but don't be afraid to take risks. As always, Rob gave us a list of industries that he is interested in. They are artificial intelligence, search technology, autonomous driving, energy storage business, health care, the Metaverse, and advanced material like carbon fibers.  
Rob then spoke about how we succeeded in phasing himself out of Cabot Wealth Management, and he went into succession planning. He recommended finding experts, planning early, finding a fair deal like getting a business appraiser, and remember that staff and clients are important. Today Rob owns 20% of his former business today. 
When Rob is not work, he is working on his classic cars collection and plays the trumpet. He showed off some of his favorite classic cars. He definitely appreciates the designs in these older vehicles, and also appears to like red cars. He's bought twelve classic cars, selling six of them. Of the six he currently owns, five are red. He won an award for one of his classic Fords. When it comes to playing the trumpet, he started back in fourth grade. He has played in many bands over the years, and he continues to enjoy practicing and improving. 
We will be meeting at the historic Hawthorne Hotel next Tuesday evening at 5:15 pm. There will be a Board of Directors meeting as well beginning at 4 pm. There will surely be a message from our RI president to commemorate World Polio Day. A clipboard will be passed around to raise money for turkeys for the North Shore Moving Market. You can also donate online. The Polar Plunge will be replaced by some other activity. 

InteractCafes are on the Way!

The District Interact Council is pleased to invite you to join us for one of our exciting InteractCafes this fall. Student run, these great events are designed to support our Interact clubs and educate Rotarians about their critical support role.
There will be 4 events.
Stoneham HS - Oct. 18
Ipswich HS - Nov. 1
Andover HS - Nov. 8
Burlington HS - Nov. 15 (note Burlington date change)
The dates and locations are also on the flyer downloadable here.  There is one in each region of the District. While club presidents and Interact coordinators will be invited directly, it is also important that our District leaders have an opportunity to experience the joy of Interact firsthand. It is also a chance to lead by example - to show these young people that we do indeed believe in them and are committed to supporting them in their efforts.
Bob Anthony apparently had a root beer float at the most recent Dutch Drinks.

Visiting Rotarians & Guests

Rob Lutts is a very popular man. We had many guests this week at Rotary, including Jeff Schwartz from the Chamber of Commerce, Jane Stirgwolt's husband Gary (who comes so often that he should become a member), Jen Close's mother Jane Leach came with her partner, and Bruce Whear brought a guest named Jeff (different Jeff). 

Calendar winner!

Jane Leach, Jen Close's Mom sold presumably by Jen Close. 

50:50 Raffle

$495 pot 
Bill Henning and Tyler Hains played this week. Bill Henning won!!!!


  • Jason Consalvo apologized to us all before giving us an update. He and his buddy Chris attended Dutch Drinks after playing in a golf tournament in Maine. Chris was initially reluctant to go, fearing it was an "old people club", which was only backed up when they were greeted at the door by Bob Anthony. Chris had a great time though and asked Jason if Rotary was actually a club for swingers. Apparently some Rotarian has been spilling our club secrets. 
  • Bruce Whear commented that the fix was in this week. The club president's mother won the calendar drawing and the club treasurer won the 50/50 raffle. We know who's buying the first round at the next swingers' convention. 

Club Events & Announcements

Member Birthdays
Jane Stirgwolt
October 2
Ashley Tina
October 9
William Golden
October 9
Robert Conley
October 11
Randall Burba
October 21
Timothy Clarke
October 23
Claire Kallelis
October 27
Board of Directors
President Elect
Vice President
Immediate Past President
Public Image Chair
Service Chair
Club Information
Tuesdays at 12:15 PM
Hawthorne Hotel
18 Washington Square
Salem, MA 01970
United States of America
NOTE: The fourth Tuesday of the month is an evening meeting, beginning at 5:15. If you are interested in learning more about Salem Rotary, please email
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102-2060 Winston Park Drive, Oakville, ON, L6H 5R7
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