What is Shiny Becomes Dull
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 21 January 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
I telegraphed last week a special Dividend Cafe on energy today, and I reiterated that plan several times in DC Today this last week. But as I began pulling it all together in my hotel room here in Washington D.C. at 4:00 this morning, it occurred to me that we appear to be living through a market doing much of what I have been talking about for a very long time, and that I have an obligation to make Dividend Cafe as current and relevant as possible. The treatment on the Energy sector I want to present must be written, but it can wait one more week. That topic is no less significant, but from a timeliness standpoint, the market events of the week (and really of all 2022 thus far) provide a golden opportunity to reinforce some more practical investment lessons right now.
As a general rule I do not like the idea of making Dividend Cafe a weekly response to headlines or market circumstances, and have mostly avoided doing so for quite some time now. But this week’s Dividend Cafe is not a mere “this week in markets” play. Rather, I want to use the obviously predominant story in financial markets to illuminate a few key elements of our thinking at The Bahnsen Group. In other words, the inspiration is some current market action, but the lesson is far, far more evergreen.
And I think it is going to really surprise you.
So jump on in to the Dividend Cafe …
Links mentioned in this episode: 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 |
| 0:07.3 | dividends in your understanding of economic life. |
| 0:12.6 | Well, hello and welcome to another dividend cafe. I am sitting in a hotel room in Washington, D.C., and I will be heading back to New York City in a few hours. |
| 0:27.9 | I'm recording in the middle of the morning. |
| 0:30.1 | The market's already open on Friday. |
| 0:32.0 | And I talked last week and even reiterated it throughout D.C. today this week that I wanted to do a special |
| 0:40.5 | Dividy Cafe today about the energy sector. There's a lot I want to say and update and forecast |
| 0:47.6 | and kind of dive into around U.S. oil and gas and the overall outlook for energy infrastructure and energy independence. |
| 0:58.6 | And I did make the call this morning at about 4 a.m. Eastern time to scrap that for one more |
| 1:05.5 | week. I'm going to still do exactly what I want to do. I'm just going to put it off to next Friday. |
| 1:09.9 | I don't want to say it's not timely. I think it is timely, but I don't think it's so timely that it can't wait a week, |
| 1:15.5 | where it did seem to me that there is something playing out markets right now that is really, |
| 1:20.7 | really important to me. And it made more sense to strike in this moment on what I'm going to talk about instead today |
| 1:30.4 | with Dividend Cafe. And a lot of that is provoked by the realities in the market right now. |
| 1:38.0 | So it could seem that there's sort of a timeliness to it. But honestly, I don't like the idea of me making Dividendin Cafe a sort of response |
| 1:47.6 | to the headlines or market events of the week. I haven't done that for quite some time. |
| 1:52.9 | But what I'm doing here today is cheating a little bit because there's a current market environment |
| 1:57.6 | I want to address. That's true. But the reason I'm doing it is to extract from |
| 2:02.0 | that opportunity a more evergreen and permanent and principle-based lesson that I think is just great, |
| 2:14.2 | it's very timely, shall we say, now. And so it's the type of thing I could write about |
| 2:19.6 | and Divida Cafe and have written about any time, but I want to utilize the current |
| 2:24.4 | environment to do so. And then we'll pick up the energy story next week. So what do I mean? |
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