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The Dividend Cafe

SALT on The Big Apple

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Estate Planning, Investing, Retirement Planning, Wealth Management, Business, Macro Economics, Dividend Growth Investing, Monetary Policy

4.9572 Ratings

🗓️ 17 September 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

As I have teed up all week, I am devoting today’s Dividend Cafe to the takeaways from this week’s SALT Conference here in New York City.

The quick qualifier I will offer is that this is not going to be a boring recap of all the speakers, all the events, and all the things that you don’t care about. I did not attend the Chainsmokers concert on Tuesday night, and I did not attend the luncheon address from Paris Hilton on Wednesday, either. In the ten years I have attended the event in Las Vegas I don’t think I ever got a concert either, despite such names as Lenny Kravitz, Duran Duran, Train, One Republic, and The Killers performing. I did attend past luncheons with Dennis Miller, Magic Johnson, Coach K, and the now late Kobe Bryant. In fact, that lunch event with Kobe Bryant started a domino train that led to me doing a real estate transaction with Kobe – but I will save that story for another day.

But as much as they have always done to make this a pretty fun event with a powerful complement of entertainment to the symposium of content, whether in Las Vegas or now this year in New York City, there is nothing that they can do to make me a fun person. I absolutely love the speakers, and for the last two events, I have been honored to be a speaker myself.

But whether or not you care about this conference, I believe there are some takeaways from the event this year that are going to make this a meaty and substantive Dividend Cafe. So read on, and I promise I won’t let you down.

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

0:07.3

dividends in your understanding of economic life. Well, hello and welcome to another weekly

0:15.6

dividend cafe podcast and video. I am really excited to be recording from our New York studio, and I emphasize

0:24.0

New York because the divinity cafe today is going to be about the first ever New York salt

0:31.9

conference. And so I want to recap for you a number of the takeaways that I had from this extraordinary event this

0:39.4

week that was here in New York City. For those who aren't familiar with the Salt Conference,

0:43.2

I'll try to do this very quickly. I kind of give a little longer historical deal in the written

0:49.1

dividend cafe. Salt was a alternative investment conference that was started by my friend Anthony Scaramucci

1:00.2

back post-financial crisis in the immediate aftermath of the financial crisis

1:05.7

as his sort of contribution to what was just the dying economy in Las Vegas. The corporate conventions

1:14.7

had gone away altogether. There was a sort of infamous or famous or whatever you want to call

1:20.6

it moment where President Obama said, now is not the time to be going to Las Vegas. And you took

1:25.9

it already really hammered city and it kind of

1:29.2

hammered it more. And so Anthony decided his part would be to bring a lot of hedge funders and

1:34.7

money managers and folks, you know, from New York. He was in that business still is to this day

1:41.0

with his hedge fund firm and create a conference.

1:46.3

And over the years, it grew substantially.

1:48.0

I've attended almost every year, I think, but one year out in Las Vegas.

1:53.9

And it became, you know, a major event president, former president's Clinton and Bush spoke

2:00.2

before he was president.

2:02.7

Joe Biden spoke.

2:04.9

But I mean, really significant like evening entertainment, some really big, you know, groups would come.

...

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