A Fool's Game
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 15 July 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
I send this week’s Dividend Cafe at the end of a 24-hour trip to Las Vegas, where I spoke at a conference yesterday. 2,600 people have come to the 110-degree city of sin for the purpose of hearing various economic and political musings, and one such forum of musings was a panel with myself, Steve Forbes, George Gilder, and Mark Skousen discussing, of all things, my book! It was a surreal experience to be next to Gilder, whose Wealth and Poverty was a transformative book in my intellectual development as a pretty darn young guy (you would actually think less of me if you knew how young I was when I read it).
Anyways, by the time you read this, I will be on a plane back to New York City Friday afternoon, where I will be working all of next week before returning to Newport Beach next weekend.
We are living in a time where there have been more bad ideas than money to invest in (or at least bad prices at which to buy those ideas). Soon we will see more money than people acting on bad ideas. But right now, a little parsing out of what the laws of contrarian investing mean is in order, and I think you will find it fascinating.
Jump on into the Dividend Cafe …
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.4 | Well, hello, welcome to another Dividend Cafe. I am your host, David Bonson. I am recording from my hotel in Las Vegas, where I've been here for |
| 0:24.1 | just over 24 hours and now, as soon as I'm done recording, you're going to head back to the airport |
| 0:28.5 | to fly back to New York City. I actually put a picture at divinitycafe.com because it was kind of fun for me. |
| 0:36.3 | Yesterday, I gave a couple different speeches at this conference |
| 0:38.9 | I'm at and one of them was a panel discussing my book. There's no free lunch, wherein I kind of |
| 0:45.7 | lay out my basic case for restoration of the fundamental principles of economics and joining me |
| 0:53.8 | in that panel were some of the people that |
| 0:55.4 | actually quote in the book, Steve Forbes, George Gilder, Mark Skousen, some pretty well-known |
| 1:01.4 | economist in the case of Gilder in particular, someone who was a profound influence on me |
| 1:09.1 | intellectually. So it was an enjoyable experience and getting back to |
| 1:14.0 | New York City would be enjoyable. It's about 110 degrees here in Las Vegas. Not that I've got to |
| 1:19.5 | spend much time outside. But I am looking forward to a very busy week in Manhattan next week |
| 1:26.8 | before returning to California. |
| 1:29.0 | I've been out on the East Coast for, I think, six weeks besides this little Vegas jaunt. |
| 1:34.8 | So all that to say that with the travel and all the time on the plane, reading, writing, thinking, |
| 1:42.7 | reflecting, talking economics with a lot of people, |
| 1:45.8 | and not to mention a reasonably volatile weekend markets. I had plenty to choose from in my topic |
| 1:52.4 | today. But it was actually a quote that I have heard, you know, countless times over the years, but rereading it in a research paper |
| 2:04.6 | from my friend Louis Gov of GovCal Research that kind of inspired what I want to talk to you about today. |
| 2:12.9 | And I want to give a little primer, a little refresher, if you will, on this idea of contrarian |
| 2:19.3 | investing, of the wisdom of investing against the crowd, not with the crowd. And the quote I'm |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.