Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life.

Well, hello and welcome to this week's Dividend Cafe. I'm filming out in the library at my desert house. I ended up coming out here. I actually wrote

the Dividendon Cafe from Newport this morning and now I'm recording from the desert. And

I like the fact that there's been a couple hours in between because there's stuff that I wrote

very early this morning that is kind of marinated over the last couple hours. And I'm hopeful

that you listening to the podcast or watching the video

will get some more of that information.

This topic is so important to me, and I can't really explain why.

I don't really particularly invest all that heavy in the credit asset class.

We're definitely invested there, but it's by no means a core and foundational

position around creating life outcomes the way dividend growth equity would be.

Nevertheless, I think that credit is so important in terms of its macroeconomic signifying effects. And of course, there really are

tremendous investment opportunities, particularly, by the way, on the alternative side,

when you look at our magnify platform of how we think about investing client capital,

the alternatives asset class is much,

much larger than what we have invested in straight, long-only credit.

And in that alternatives bucket, there is a lot that would be considered credit oriented from

direct lending to structured credit to various elements of securitized lending

to, of course, private market investing.

And so there is plenty of investment allocation and credit within the Bonson Group,

but yet it isn't that that is driving this two-part series of Dividing Cafe.

The reason why I'm doing an extra credit dividend cafe today is because I don't think that

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