March Madness Brackets and the Market
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 31 March 2023
⏱️ 14 minutes
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Summary
Today's Post - https://bahnsen.co/40OgHkJ
Any time I use some sort of sports analogy in the Dividend Cafe I get a lot of emails from people who connect to it and say they love it, and then I get emails saying, “come on, I don’t care about sports – please just stick to the market!” I am never offended or bothered – Abraham Lincoln had a line about pleasing people once – but I am also not swayed. If I think there is a real investment or economic lesson that can be told with a sports analogy, I am going to mix that chocolate and peanut butter. And I promise you, today’s broad takeaway for investors is worth it even for your tortured souls who hate sports.
So jump on in to the Dividend Cafe …
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 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 | Hello and welcome to the Dividend Cafe recording here from our nation's capital, Washington, D.C., not my favorite city to come to, but I will say if you're |
| 0:23.1 | going to come here this time a year, this is the time to be here. Absolutely beautiful |
| 0:27.7 | springtime weather. And I just got done on Thursday yesterday. I spoke at a summit. And I will be fined back to California this evening. |
| 0:41.2 | And in the meantime, I want to talk to you about what's on everyone's mind right now. |
| 0:46.3 | And of course, I'm referring to March Madness in the college basketball tournament. |
| 0:51.8 | The final four will be played out on Saturday, the championship game |
| 0:55.6 | we played Monday night, and this is that time of year. And I believe that the history of me |
| 1:02.8 | using Dividy Cafe to weave in various sports analogies is rich. One of my favorite things is |
| 1:09.5 | getting both people emailing how much they like it and people |
| 1:14.4 | emailing how much they hate it because it does nothing at all to impede my behavior. And I think |
| 1:22.1 | it is very funny. However, this is a really good sports analogy today. I'm quite confident that those of you who hate sports and don't want to hear me talk about March Madness |
| 1:32.5 | will be happy you did in the end for the market lesson I'm going to extract from my point, my comments here today. |
| 1:43.3 | One of the things I love most about the March Madness Tournament every year, |
| 1:48.2 | besides the fact that I do love college basketball, I do not get the chance to watch sports |
| 1:53.6 | anymore as an old man with a very, very busy career and being a father of three and a husband. |
| 2:03.5 | I watched a lot more college basketball in my teen years and even in my 20s than I do now. And yet, March Madness still represents this |
| 2:12.4 | period where there's a lot of excitement, a lot of uncertainty, a lot of upsets, a lot of heartbreak, a lot of glory. |
| 2:20.4 | And there is the societal cohesion that comes from brackets. |
| 2:26.6 | That is people filling out brackets that have maybe never watched a minute of a college basketball game in their lives and often winning |
| 2:36.0 | their brackets with their coworkers or their family or friends or whatever it may be. |
| 2:42.2 | It's a fun cultural exercise and I've organized a bracket every year for many, many years. |
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