The Coming Paradigm Shift in the Stock Market | Daniel Peris

17 snips

Feb 12, 2024

Daniel Peris, Senior Portfolio Manager at Federated Investors and author of four books on investing, discusses the historical context of the stock market, the shift from a cash-based system to one driven by share price movements, the importance of dividends, and the changing investment landscape and economic opportunities. They also explore the benefits of being a dividend investor, the return of cash in the stock market, and the paradigm shift in the relationship of companies in Silicon Valley with the decline of dividends and rise of share buybacks.

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Introduction

00:00 • 2min

The Ownership Dividend: The Coming Paradigm Shift in the US Stock Market

02:29 • 3min

A Historian's Transition to Finance

05:06 • 3min

Being a Dividend Investor in the Stock Market

08:21 • 14min

The Return of the Cash Nexus in the US Stock Market

22:10 • 2min

The Paradigm Shift in the Stock Market

24:35 • 30min

In Episode 352 of Hidden Forces, Demetri Kofinas speaks with Daniel Peris. Daniel is a Senior Portfolio Manager at Federated Investors, overseeing the firm's dividend-focused products. He’s also the author of four books on investing, including his most recent: "The Ownership Dividend: The Coming Paradigm Shift in the Stock Market.”

Daniel and Demetri spend the first hour of their conversation discussing the relevant history that explains how the stock market went from a mostly cash-based system where all or almost all companies if they weren’t in distress, paid dividends to a public investment landscape driven entirely or almost entirely by near-term share price movements.

The second hour provides listeners with more actionable information about how to position oneself to profit from a paradigm shift in markets that Daniel argues is already underway. They discuss the pros and cons of dividend investing, how Daniel approaches portfolio construction regarding dividend-yielding stocks, and how the changes he forecasts will alter the investment landscape and economic opportunities for businesses and workers alike.

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Episode Recorded on 02/05/2024