Welcome to the Dividend Cafe, weekly market commentary focused on dividends in your portfolio

and dividends in your understanding of economic life.

Hello and welcome to another episode of the Dividend Cafe.

Very happy to be recording here in the California studio, although actually this will be

the last time I'm recording from here for a little while.

There'll be a lot more New York time and some, you know, travel and movement and so forth

over the next month, month and a half.

But today's Dividing Cafe is very different

than the kind of typical course. And I hope I'll benefit from it. I hope you'll get

something out of it. But I am doing something on purpose. It's a little different today than

normal. For one thing, I,

you know, never really rip anybody off. Like, I guess there's various moments of inspiration and

whatnot, but, you know, all the material we put out is pretty darn freshly originated and

sourced. And yet, the idea for what I'm going to talk about here today, I absolutely lifted from somebody else. So I'll give all that attribution. But the specifics of it are kind of my own story. And just as last week when I was talking about our feelings on the housing market, I kind of walked through some of the history of my early life residential purchases and sales and

things. I do have kind of a biographical component to this story, but it's all for the purpose

of giving an analogy to an investment theme and an investment priority that is a really big deal to us at the Bonson

group. It's something that I've cared about a lot for 15 years and something that I think

clients deserve to understand and hopefully those of you that are not invested in, I'll give

it away now, the midstream energy space will be able to appreciate

because I think you are missing out on something extraordinary if you're not.

So here's what I've lifted.

There's a gentleman my name of Heinz Howard who I've been reading for, I think, 11 and maybe

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