Today's Post - https://bahnsen.co/4aK1R6X

Honoring a Legacy: Greg Bahnsen's Influence on Investment Philosophy

In this special edition of Dividend Cafe, host David Bahnsen reflects on the legacy of his father, Greg Bahnsen, commemorating the 30th anniversary of his passing. David explores the significant influence his father had on his work at The Bahnsen Group, particularly in investment philosophy and financial advisory. Through personal anecdotes, David discusses his father's dedication to hard work, commitment to first principles, and disdain for relativism, which have all deeply shaped his approach to investment management. He also touches on modern medical innovations and their importance, driven by the context of his father's health challenges. David concludes by highlighting the vital role of intellectual contribution and behavioral management in wealth management, drawing from his father's academic work on self-deception.

00:00 Introduction to the Friday Edition

00:19 Remembering Greg Bahnsen

01:50 Greg Bahnsen's Medical Journey

05:29 Reflections on Medical Innovations

08:10 The Legacy of Hard Work

10:56 Philosophical Foundations in Investment

16:43 Self-Deception and Investment Management

20:56 Conclusion and Final Thoughts

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com

Market Overview and Insights on Private Credit – December 11, 2025

In this episode of Dividend Cafe, Brian Szytel provides an update on the financial markets from the Newport Beach office of The Bahnsen Group. The DOW closed up by 646 points, while the S&P had modest gains and NASDAQ saw a slight decline. Szytel discusses the rotation from growth to value sectors, the recent actions of the Federal Reserve, and their impacts on the market. He also covers upcoming deregulatory changes and tax cuts, a weakening labor market, and concerns about overstated employment numbers. Additionally, he answers a listener question about payment-in-kind (PIK) in private credit, explaining the risks and how such loans are typically managed. He concludes by emphasizing the past three years' market performance and the potential for slower growth ahead.

00:00 Introduction and Market Overview

00:14 Stock Market Performance

01:13 Bond Market Insights

01:35 Federal Reserve Actions and Economic Impact

03:15 Corporate Profits and Economic Outlook

04:10 Private Credit and Payment in Kind (PIK)

06:18 Conclusion and Final Thoughts

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com

Post-FOMC Meeting Market Reaction and Economic Outlook - December 10, 2023

In this episode of Dividend Cafe, Brian Szytel from The Bahnsen Group in Newport Beach discusses the market's reactions to the Federal Reserve's recent actions. On December 10th, 2023, the Federal Reserve concluded its FOMC meeting, cutting rates by 25 basis points and adding to its balance sheet, which boosted both the stock and bond markets. The Dow closed up 497 points, with the S&P and Nasdaq also showing gains. Szytel explains the significance of the steepening yield curve, which signals positive economic growth, and reviews the Federal Reserve's future interest rate expectations, unemployment, inflation, and GDP projections. The episode also addresses an op-ed by Muhammad Al Arian regarding the restructuring of The Fed. Overall, the episode provides an optimistic outlook on short-term risk assets and the economy.

00:00 Welcome to Dividend Cafe

00:16 Federal Reserve Meeting Insights

00:48 Market Reactions and Performance

01:25 Understanding Yield Curves

03:28 Economic Projections and Fed Actions

04:30 Op-Ed Discussion and Final Thoughts

05:17 Conclusion and Upcoming Topics

Links mentioned in this episode: DividendCafe.com

TheBahnsenGroup.com