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Stock Income Will Be Key for the Next Stage of Financial Market History (Szn 6, Epsd 5)Episode coverart feat Daniel Peris

Stock Income Will Be Key for the Next Stage of Financial Market History (Szn 6, Epsd 5)

Published March 27, 2024

With Daniel Peris

Financial market historian Daniel Peris joins the podcast to discuss his latest book, The Ownership Dividend, and why the next stage of the investing cycle will be marked by renewed focus on dividends and cash flows.

Note: The host’s mic was a little ‘stuffy’ for this episode but the guest comes in loud and clear!

Content Highlights

  • Cashflows have become ignored in the marketplace with investors accustomed to speculation over income. That is due to change (2:55);
  • No, this isn’t about value versus growth. Dividends and more notably buybacks are everywhere (5:22);
  • Warren Buffett has long said that companies should reinvest in the business rather than pay out dividends. But Buffett is no longer a minority shareholder… (18:30)
  • Background on the guest and unexpected detour into Russia/Ukraine (27:37);
  • Views on different sectors of the stock market from a dividend perspective (36:33);
  • What does the current era of dividend payouts say about the investing cycle? (42:40).

More on the Guest

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Lessons From Financial History (Szn 6, Epsd 4)Cover art, Szn 6, Episode 4 feat Mark Higgins

Lessons From Financial History (Szn 6, Epsd 4)

Published March 13, 2024

With Mark Higgins, Author, ‘Investing in Financial History’

Mark Higgins, author of the new book, Investing in Financial History, joins the podcast to discuss lessons from the past and what period is the most appropriate point of comparison to today’s market environment.

Content Highlights

  • What period from the past compares closest to the one we’re living through now? It’s a combination of several… (1:56);
  • The last time the US — and Federal Reserve — battled serious inflation was from 1965 to the early 1980s. Here there are several parallels to today’s age… (4:36);
  • The Fed appeared to turn more accommodative in December and January. This may have been a mistake (9:04);
  • Financial history is very much a history of panics, but there has not been a major bank run in the US since the Great Depression (11:51);
  • Portfolios have become increasingly complex without proper consideration of cost — and risks (15:40);
  • Decentralized currencies aren’t new and in fact once characterized the US dollar — and for the same reason (fear of central banks and fiat currency, etc). That didn’t end well… (18:06);
  • Background on the guest and how he came to write the book (22:05);
  • Bubbles and their challenges. Some commonalities include the media as trailing indicator… (27:17);
  • The 180 degree turn on public debt by US public officials (29:36);
  • The US dollar will likely be replaced as global reserve currency one day (33:25).

More About the Guest

Video Highlights

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Short-Term Treasuries: The Place to Be (Szn 5, Episode 28)Podcast episode cover art feat Jared Dillian, Daily Dirt Nap

Short-Term Treasuries: The Place to Be (Szn 5, Episode 28)

Published December 5, 2023

Feat Jared Dillian, Daily Dirt Nap

This podcast episode was recorded Nov. 29, 2023 and made available to premium subscribers the following day. To become a premium subscriber, sign up through our Substack or Supercast.

Jared Dillian of the Daily Dirt Nap joins the podcast to discuss his bullish views on short-term Treasuries and less optimistic outlook for the US economy. He also discusses his work as an author and views on disparate issues facing society. 

Note: The podcast episode contains some mature language.

Content Highlights

  • The ‘soft landing’ scenario appears to have become the base case. Dillian doesn’t quite buy that (1:37);
  • To be bullish on short-term Treasuries one needs to believe the Fed is going to cut rates. That is imminent (4:26);
  • Addressing the inflation bogeyman. The risk has maybe receded over the short term, but what about a return over the medium term? There is historical precedent for this from the last time inflation was a serious force in the US… (9:37);
  • Background on the guest and a broad discussion of his time at Lehman Brothers (including its downfall), working on Wall Street, career paths, education, and more…(15:48)

More About the Guest

Mention this podcast for a generous discount on the Daily Dirt Nap!

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