Latest / The Curve / FULL & UNEDITED Curve Weekly: The Serena Williams effect, Russia is a copycat and does anyone still eat corn flakes?

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FULL & UNEDITED Curve Weekly: The Serena Williams effect, Russia is a copycat and does anyone still eat corn flakes? · The Curve

0:00
Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
0:04
business and stock market too.
0:06
Brought to you by the Curve's research team that's the latest insights on what's happening
0:09
in the stock market, companies, other money related news so that you can stay educated and
0:14
ahead of the curve.
0:15
You can thank us later for sounding smarter than those finance bros you need to know, Puddy.
0:19
Before we get into this episode, we have a very important PSA.
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Excuse me, excuse me, everyone, excuse me.
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We don't have an editor for this podcast.
0:31
So excuse all the shuffling, terrible chat, drilling silence.
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Of course we get someone drilling next door on the one podcast we don't need it, but yes,
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we apologise.
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It's still a good episode, there's lots of interesting research, but yeah, just be with
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us.
0:46
It's quite funny.
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I actually almost feel like maybe people will say, keep it like that.
0:50
I kind of want to listen to it.
0:52
Same.
0:53
I feel like I'll be like, oh, Vic, you say likes, aren't you?
0:55
Anyway.
0:56
There are some great content.
0:57
They say something.
0:58
Do you want to do a bit of what are some of the things we talk about?
1:01
We talk about a company that's hit four trillion dollars, which is just wild.
1:06
We talk about Wimbledon and other sports where they do or don't pay women in men the same.
1:13
We talked about interest rates and the teller and cornflakes and fruit loops.
1:19
And lastly, we talked about Alvie Mage.
1:23
We're going to work on your promoting each story off the mic, interest rates and isolation.
1:29
It's not sound very exciting, but it tries me, it is fun.
1:32
We love interest rates.
1:33
Oh, God.
1:34
Okay, here is the episode.
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It's been two weeks since I did a Curve Weekly, which is the biggest break I've ever had
1:41
from this podcast.
1:43
Feels really weird.
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Or maybe over Christmas and stuff.
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No, last week you did it by yourself and a week before you didn't do one.
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Wow.
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We're really slacking off.
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Sorry.
1:52
We're like, do we feel like doing a podcast?
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We're like, oh, maybe.
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But also, it's quite the opposite.
1:58
It's quite the opposite.
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Like, we are so under the parmin.
2:01
Yeah.
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Yeah.
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But this episode is not going to be edited, so no pressure.
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No, if sports or maybe, no.
2:08
Oh, that's fine.
2:09
Yeah.
2:10
I think it's fine.
2:11
Basically, long story short.
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Here is the now amazing producer Emily is on the rail trail.
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She's like, going through Europe and let's just say we're falling to this with that.
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We're like, it's fine.
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You go away.
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We'll be totally fine.
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So we're off.
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Go for it.
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I mean, first week.
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And we're like, oh, come back.
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So I just am not editing this.
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This is going to be uploaded fully.
2:32
Do you know what I actually thought?
2:33
So the poor thing, like I've got her passport stolen everything.
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I was like, oh, she's going to have to come home.
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I thought so many.
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I was going to be like, well, if you want to come back, you're leaving.
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You're welcome.
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Sorry.
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I was like, well, I'll come home.
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I was like, you want to come home.
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She's like, sucks.
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Doesn't it get back to work?
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That is so funny.
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I thought he's sex.
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I was like, I'm going to be really like, oh, that sucks.
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But now I'm fine.
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We're like, yeah, no.
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Years.
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Anyway, God.
3:00
I did listen to your episode that you did by yourself.
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Was it hard?
3:03
Yeah.
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I did it three times.
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No, I mean, aside from the technicals, don't you find talking to yourself quite hard?
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Like I think it's one of the most difficult, like if I think about radio and doing a show
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by yourself, it's really hard to sound natural and not be talking to anyone.
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Like I listened and I was like, go back.
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This is really impressive.
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I think what I missed was the tangents.
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Yeah.
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Well, it's like, and so I just felt like I was boring everyone with finance news, because I
3:33
was like, oh, and next up we have, you know, there was no segue.
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There was no going release.
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I know.
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We just need to come with a jingle or something.
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We actually should.
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I know music that does so many times.
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From the next to the next.
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That's a great idea.
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It's quite funny seeing you squirm, though.
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But yeah, no, it was, I was like, Alex Cooper does this.
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Come on back.
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You can do it.
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You also wore your hoodie.
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I was like, need to be relaxed.
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Need to really get into it.
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Yeah.
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There also wasn't a lot of news either, which I was like, didn't do anything.
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Anyway, this week there is lots.
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Which is great.
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I do have a story that I need to tell you before we get into this.
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I just had this moment of like, I'm a full blonde finance bro this week.
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So I've just recently got back into yoga.
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And it's like, just for context as well.
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When I lived in Bondi, I went like morning and night.
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I lived right next to a studio.
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That's really original living in Bondi, doing yoga.
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Oh, I know.
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Cocaine in the weekends.
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And then just Monday to Friday doing yoga.
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That's how I'm going to go to Palin B.
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Green Joe's teacher's training.
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Oh, yeah.
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And I literally did that as well.
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But this week I've like found a new studio right by my house.
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I'm like, perfect.
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It's a quick wonder from home.
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Like, it's not a major.
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If you've lived in, are you going to cough?
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Because this is going to be in the unit.
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Thank you.
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When you're just like trying to swallow your cough.
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Go on.
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Have a cough.
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Just do it away from the microphone.
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Nice.
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So, so yeah, anyway.
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If you've lived in London before.
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I really like your shit, by the way.
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Do you?
5:09
Yeah.
5:10
Thank you.
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It's actually a dish number.
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No.
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They're great.
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They're so good.
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It's really good quality.
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It's thick.
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It's like a nice shape.
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It's really not expensive.
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Yeah.
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Every time I find something on Instagram.
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I'm like, oh, that's cool skirt.
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It's a dish.
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It's a dish.
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Yeah.
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Did you guys really good stuff?
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Are they public?
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No.
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Damn.
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I love that you knew that already.
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Okay, back to my yoga story.
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So, when you live in London, getting transport around.
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I mean, for me, I find more stressful than others.
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So, anyway, I've got this place right by my house.
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I'm going all the time now, like most mornings, which is great.
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Anyway, the other day, I was in a yoga class.
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And you fell asleep?
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I did.
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Yesterday, I fell asleep in yoga class.
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I went to yoga class with you.
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And it was like a Sunday afternoon, yeah.
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And you were just killed up in a fetus, the whole class.
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I was like, I was like, um, we were doing lots of, like, other moves.
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We moved on to the next move.
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And she was just killed up.
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So, you've just paid $30 to lie here in a room.
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To be fair.
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I was like, good nap, I would pay for.
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Yeah.
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Um, I was like, do I awake?
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Do I?
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Is this, because you're way more advanced, you know,
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is there some kind of advanced yoga to me?
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No, absolutely not.
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I did fall asleep yesterday and you're also.
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However, this wasn't like a vinyasa class.
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Anyway, I'm going to get to the point.
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It's like faster moving.
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Anyway, I hate those arms.
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I like them.
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I like them.
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I'm still like trying to do the move 10 moves ago.
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And they're like, and up and down and round.
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Not power yoga.
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I hate power yoga as well.
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Yeah.
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But it's, anyway, it's more like strength building, I guess.
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Anyway, point is, sorry.
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Often you don't find many men in yoga.
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Like it's, it's normally women in a yoga class.
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Anyway, this new studio, because there's, why do you think that is?
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I think it's a combination of most guys hate any kind of introspection.
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And sorry for anyone that's listening to this.
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It's a guy, and you're like, if you, I actually do that.
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But I think blanket statement is most women, like even going to like retreats with yoga teacher trainings.
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It's hardly ever any guys.
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I think it's a combo of that.
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Like, this is boring and slow and like, I don't want to be in my head.
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And then second, I think representation is hardly any male teachers.
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So I think a lot of guys may be feel intimidated by how many women there are.
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Which I get.
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I totally get that.
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And so this teacher is a guy, the one that I've found though, really like.
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So I think more men come to the class, which is really cool.
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Anyway, there was this guy in the class who was so good.
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I've never seen a guy be that flexible and strong and good at yoga.
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I was really impressed.
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Anyway.
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Was he hot?
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He was quite hot.
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I mean, at the end of the class, I was really shouldn't yoga.
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No, he's amazing.
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I was like, wow, that is so impressive.
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Anyway, we spoke after class.
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I just had this absolute moment of thinking, holy shit, I'm a finance bro.
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Like, basically for context, we started talking about what we both did for work, blah, blah, blah.
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And I said, I mentioned the curve.
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And then I fully misheard him.
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I thought he said, what investments do you have?
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So I started talking about my investments.
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What did he say?
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I was being like, actually just bought an investment property with a friend of mine and like,
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listing him off.
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And he was like, oh, that's really cool.
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But that's not what I was asking.
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I died.
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I was like, I want to crawl into a house.
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He asked.
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He asked if we have investors in our business.
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And I just fully misheard it and started listing off my portfolio.
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And I thought, I can see you.
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No, so embarrassing.
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Like, I'm invested in Tesla and the stock market and the house.
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I was like, oh, shitballs.
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I'm like, I'm that girl who made me drop out of her hair forms to talk about a lane.
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We're a sign.
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We're a bit.
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Oh, God.
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I just thought not cool for me.
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Anyway, I was funny when I did last week's podcast.
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The first time I recorded it.
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I said, so Sophie's now bought a house.
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So she doesn't need the podcast anymore.
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She's on our two fake financials.
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She's gone.
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A little gig.
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Oh, God.
9:20
Well, good you got it in there again because it wasn't in the episode we released.
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Before we get into the episode, I just have one more quick thing.
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So our social media girl, Arabella, is finishing up because we need someone who's based in the UK now.
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And on our time zone, if you know anyone amazing at social media in the UK, let us know.
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But I just want to switch out to her and her amazing business that she actually does.
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Honey Bloom.
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Honey Bloom.
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The next class I'm wearing.
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And that's got one too.
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They're amazing.
9:51
So if you would like to check them out.
9:52
But I do wear it.
9:53
Yeah, yeah.
9:54
They're really cool.
9:55
I like your one.
9:56
Same.
9:57
Do you have a few?
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Yeah.
9:59
I've got a couple.
10:00
Yeah.
10:01
I love them.
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Yeah.
10:03
So cute, very cute.
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They're summer.
10:05
Yeah.
10:06
They're summer time.
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Also a good investment, I feel.
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Like something like this that you can wear in the shower.
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We're in the beach.
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They're a good price point.
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Yeah.
10:12
Anyway, we'll link it in the podcast.
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It's just as a cute little shout out to her.
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But, and actually that's something I thought we could do in our email newsletter.
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It's like shout out to small businesses.
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I see lots of other people doing that.
10:24
It's kind of nice just to support other female founder businesses.
10:27
Yeah.
10:28
I actually, someone in our community started a magnesium business.
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And it was like, I'd love to give you a big sum.
10:36
Are you pleased?
10:37
I know.
10:38
And I forgot to give it to you.
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I just realized.
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Sorry.
10:41
You see my desk.
10:42
I have so many pills.
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And I just always forget to take them.
10:45
This is a foot spray.
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You put on your foot.
10:47
You put a bed.
10:48
Oh, okay.
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Like winds you down.
10:50
I just.
10:51
Yeah.
10:52
I'm the same.
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I get really excited.
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And I have all these beautiful vitamins and supplements.
10:56
Yeah.
10:57
You have to get in such a good routine.
10:58
Yeah.
10:59
Or it's just, or I'll get really tired or stressed.
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So then buy some like stress pills.
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Like burnout or whatever.
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But like get them and then be not remember to take them.
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Like I have been tensioned and I buy them.
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I'm having shit state.
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Like I'll buy magnesium and I'll buy it.
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And then I have it for like the first two nights and then completely.
11:18
I'm so surprised you do that.
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I saw the kind of thing I did.
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I wouldn't have thought you did.
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I think there's just too many in the morning.
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It's like.
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You need to have a stack.
11:26
Yeah.
11:27
You know, do it after something.
11:28
Yeah.
11:29
That's why they have it at work.
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So then I'm just sitting there.
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I'm like, oh my.
11:33
Okay.
11:35
Yeah.
11:36
Remember, this is not edited.
11:37
And we've been speaking for way too long about absolute crap.
11:40
So let's get on to those.
11:42
That's fine.
11:43
That's normal.
11:44
Okay.
11:45
Yeah.
11:46
But normally we cut it out.
11:47
I mean, everyone wants to know that I don't take my pills.
11:54
Speaking of nothing related to pills.
11:56
Yeah.
11:57
Nice.
11:58
Good segue.
11:59
Stunning segue.
12:00
Well done.
12:02
We have a $4 trillion company on the US stock market.
12:08
$4 trillion.
12:09
No.
12:11
This is the biggest company.
12:13
There's ever been on the stock exchange.
12:15
Really?
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Bigger than Apple.
12:17
Apple.
12:18
Apple only ever got to $3.9 trillion.
12:19
Oh god.
12:20
I know.
12:21
It is such a big swing.
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Can you guess what company it is?
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In video.
12:26
Use for my knowledge.
12:27
I know.
12:28
Sorry.
12:30
Do you know when I saw this?
12:31
I thought, this is just such a good example of holding things for a long period of time.
12:36
Totally.
12:37
Like bloody sold it.
12:38
Yeah.
12:39
And I knew I thought to myself, this is quite stupid.
12:42
Because this is one of those companies that I really think.
12:45
It's ingrained in AI.
12:46
It's the little.
12:47
So for anyone that doesn't know, they do the chips basically.
12:50
So it's almost like the foundation in AI.
12:52
It's a special special chips for AI.
12:54
And they're like super premium and like super powerful.
12:58
Yeah.
12:59
Anyway, it's up 40% since May.
13:02
So what do we draw?
13:04
Wow.
13:05
Yeah.
13:06
I could be thinking.
13:07
It's up 40%.
13:08
Yeah.
13:09
And if you think like in April.
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I'm going to see when I sold it and look how much I would have made.
13:12
I got flour man in May.
13:14
Did you?
13:15
Yeah.
13:16
Oh my god.
13:17
So he's had a little fun.
13:18
And I'm like, I'm like, look darling.
13:20
I am so good at investing.
13:21
You look darling.
13:22
Yeah.
13:24
You look in and have a little look.
13:27
It was a lot of luck in the air as well.
13:30
But the reason it has done so well in such a short space of time is because Trump effectively came out
13:36
and said they're exempt from the tariffs.
13:38
So everyone was like, oh awesome.
13:39
Okay.
13:40
We'll pile back in.
13:41
Why?
13:42
Why they exempt?
13:43
Because Trump is Trump.
13:44
Where are they from?
13:46
Where are they from?
13:48
There.
13:49
It's a try.
13:51
Yeah.
13:52
It's they get the chips made in China but they're a US company.
13:55
They're listed on the US stock exchange.
13:57
But anyway, it's, I mean, Trump's Trump, right?
14:00
He can just pick and choose.
14:01
Oh, you're exempt.
14:02
You're exempt.
14:03
Anyway.
14:04
But it just was like such herd mentality, you know?
14:07
Like people that had invested in the video for such a long time.
14:10
I'm pretty sure you're saying it wrong by the way.
14:12
In video.
14:13
In video.
14:14
Not in the video.
14:15
It's in the video.
14:16
Yeah.
14:17
So people that invested in them for a long time will be absolutely clapping.
14:24
It shot the lights out of, as Vic would say.
14:26
Yeah.
14:27
But like people that sold in April when the stock market was falling.
14:29
That's literally when I sold.
14:31
This is exact.
14:32
Sophie.
14:33
Well, to be fair, the only reason I did sell is because I needed to use the money.
14:37
So it wasn't, it wasn't that I, and also it was before it sold.
14:41
I'm pretty sure.
14:42
I'm just trying to check now.
14:43
Before it's, before it.
14:44
Yeah.
14:45
Like I think it was like sort of, I don't know.
14:47
I just had this feeling.
14:48
But I want to put this 4 trillion in perspective.
14:49
Because you know when you sit down, I have 4 trillion, 1 billion.
14:52
You know, I can say, well, how much is that?
14:55
And 4 billion dollars is, sorry, 4 trillion dollars.
15:03
We can't eat it that much.
15:05
I know.
15:06
Shit.
15:07
When I'm dealing with numbers.
15:09
4 trillion is 4,000 billion dollars.
15:13
Or 4 million million dollars.
15:17
But here, I'll put, I'll use some other in other analogies.
15:20
If you spend a million dollars every single day, it would take you 11,000 years to spend 4 trillion.
15:28
A million every day.
15:29
A million every day.
15:30
4,000 years.
15:31
4,000, 11,000 years.
15:32
Oh.
15:33
Shit.
15:34
That's a lot of money.
15:36
What would you do with a million a day?
15:38
Oh.
15:39
I don't know.
15:40
You probably would be easily run out.
15:43
Like, not run out.
15:44
But do you think if you're on a, I mean, like, give me a target.
15:46
And I'll make it happen.
15:47
Do you know what I mean?
15:48
I think like South Creek, you could definitely.
15:51
I mean, I'd be incredibly generous.
15:53
I would just be buying everyone I know.
15:55
I'd be generous on like Monday Wednesday Friday.
15:58
To be honest, that's one of the main reasons I want to have more financial security.
16:02
I feel so good when I'm.
16:05
I'm just look here.
16:06
You've got a nice old.
16:07
Oh, this is devastating.
16:09
Look at this.
16:10
That's when I sold.
16:12
Oh.
16:13
That's.
16:14
Oh, no hold on.
16:15
Is that when I sold here?
16:17
Yeah.
16:18
So, did I?
16:19
Is that the little dot?
16:20
Is that where I sold?
16:21
Yes.
16:22
No, the dot moves.
16:23
What?
16:24
There, that.
16:25
You don't think that's when I sold?
16:26
You have to look at your transactions.
16:28
Go back.
16:29
Get go out.
16:30
Yeah.
16:31
And go to your wallet.
16:34
I think.
16:35
Well, I'm sorry.
16:37
This is not going to be just down here.
16:39
Yeah, this is really fun.
16:40
But I really want to know when I left it up.
16:42
Down there.
16:43
Yeah.
16:44
You see, in the video somewhere.
16:45
In the video?
16:46
Yeah.
16:47
Yeah.
16:48
What, I'm click on that.
16:49
What price?
16:50
Price per unit.
16:51
One, four, two.
16:52
And it is at.
16:54
Oh, I'm scared.
16:55
Oh, my gosh.
16:59
I think mine.
17:01
I just want to see it.
17:02
Like, I really like it.
17:03
One, six, four.
17:04
Well, that's not too bad.
17:05
No.
17:06
And then when did I buy it?
17:08
One, four.
17:09
You see when you bought it?
17:10
One, four, two.
17:11
You would have sold.
17:12
Like, only June?
17:13
Oh, no, you would have.
17:14
Yeah, it was only like a month ago.
17:16
Oh, yeah.
17:17
Easy.
17:18
June.
17:19
Is it? Well, yeah.
17:20
I mean, you missed out on some gains, but yeah.
17:21
That's right.
17:22
But anyway, I want to keep putting this in perspective.
17:24
Yeah, tell me.
17:25
If you had a dollar,
17:30
don't pause for that long.
17:31
No, I'm not going to say this.
17:32
Thank you.
17:33
Thank you.
17:34
So I'll put this out.
17:36
Another perspective.
17:38
The UK's entire economy
17:41
is worth over $3 trillion, just over $3 trillion.
17:44
So NVIDIA is bigger than the entire UK.
17:48
So I think of all the companies in the UK put together.
17:51
Four trillion is also, if you gave every person on Earth,
17:57
$500.
18:00
That's how much four trillion is.
18:02
There's eight billion people on this planet.
18:04
So imagine if NVIDIA just goes, you know what?
18:06
We're going to close up shop and we're going to give everybody
18:09
$500 in the world.
18:10
God, that'd be great for you.
18:12
I know.
18:13
Yeah.
18:14
Well, investors would be.
18:15
I'd be pissed off.
18:16
I'm an investor.
18:17
I'd be like, no, no.
18:18
Excuse me.
18:19
I'd be stoked.
18:22
Anyway.
18:23
I'm actually, I haven't done too badly.
18:25
Like, if I look at that graph or not,
18:27
I'll have into my books.
18:28
I can't take that out either.
18:30
I've turned it on.
18:31
Please not.
18:32
Hello.
18:34
That's not your ball stroke.
18:36
Sorry.
18:37
That was so scary.
18:40
I kind of liked how it sounded though.
18:42
Same.
18:43
It was kind of way sexy.
18:44
When you're a big artist.
18:45
Second.
18:47
But yeah, if I look at that, I mean, it's not ideal,
18:49
but I bought, oh no, so I kind of bought and sold
18:51
at the same price.
18:52
No, I can really see what we're looking at.
18:53
Sorry.
18:54
Yeah, yeah, yeah.
18:55
Sorry.
18:56
But the point here is businesses like this,
18:59
when they've got such market share
19:01
and they've been around for so long.
19:03
And they're in a really good space, right?
19:05
It's the AI space.
19:07
Yes, it's done phenomenally well, but it is the market leader.
19:10
We've got so much room to go in terms of growth in AI.
19:15
Like, I just think this is such a classic example
19:18
of sometimes doing nothing and just holding on,
19:22
actually, doing nothing and holding on is best.
19:27
It would be really great to know a step
19:29
around the difference between how many times
19:32
is it good to hold on first, just be like, bye.
19:35
Oh, there's so much research.
19:36
It's probably research that says,
19:37
if you try and trade and time the market,
19:40
it's absolutely terrible.
19:41
Whereas if you just hold by and hold,
19:43
like Warren Buffett does,
19:44
just spend the time finding good quality companies
19:48
buying them and just...
19:49
See, I think I'm such a good trader.
19:54
No, okay, like, seriously.
19:56
I...
19:57
I mean, I don't mean to roll my eyes.
19:59
No, but I feel like I've made such great returns though.
20:02
Yeah.
20:03
I had this good.
20:04
There's great.
20:05
Like, if I look at what I've had
20:06
from a return perspective,
20:08
most of the...
20:09
I mean, I'm not trading, like, buying something I'm telling.
20:12
But I think if you're across what's happening in the world,
20:15
it's more buying win low rather than selling win high.
20:18
That's what I do.
20:19
And the markets reached new highs and new highs right now.
20:22
And I'm getting to the point where I'm like,
20:23
I kind of want to build up a bit of a bigger amount of just, like,
20:30
money that I can put aside so that I can take advantage
20:33
of things that fall.
20:34
You know, when the market starts doing really, really well,
20:37
that's when I'm like, okay,
20:39
yes, I'm still investing consistently and regularly
20:41
and, you know, monthly amount.
20:43
But I also just want to start building.
20:46
Yeah.
20:47
Like, you're marked money that you can put into it when you start.
20:49
Yeah.
20:50
Like, for example, if India came out and said,
20:52
and there was some weird news that came out that said,
20:56
I don't know what some stupid thing that could happen to AI.
20:58
Well, no, it's more like if the whole market, right?
21:00
Like, it's not...
21:01
It's more like if the tariffs come out and something else
21:05
happens and it drops for a couple of days.
21:07
And since I'm going to tax all companies,
21:10
an extra 10%, you know,
21:12
they will make the stock market fall.
21:14
And then he'll probably come out and be like,
21:16
just joking, you know.
21:17
Well, that's what happened three months ago.
21:19
Yeah.
21:20
And because I had money and marked,
21:22
I was able to do that.
21:23
Yeah.
21:24
We also have quite an important sport this weekend.
21:27
I know.
21:28
And your goal is...
21:29
I know.
21:30
Are you excited?
21:31
I am so first.
21:32
What are you wearing?
21:33
Oh, I've got a plan.
21:34
I bet you do.
21:35
It's white.
21:36
It's a milk.
21:37
Buttermilk.
21:38
A buttermilk dress.
21:39
Is that yellow?
21:40
Kind of, yeah.
21:41
What does it look like?
21:42
It's like a light yellow.
21:43
It's a Harris-tapper number.
21:44
What does it look like?
21:45
It's like...
21:46
Just kind of a plain dress.
21:48
With a silk?
21:49
Yep.
21:50
With like low heels.
21:51
Have I seen it?
21:52
No.
21:53
Yeah.
21:54
On the sea, you are selling drugs on the side or something.
21:57
Like, where on earth do you get your money on?
21:59
Just because I know how much you're earning.
22:02
I'm like, how are you buying this?
22:03
Where is this coming from?
22:05
Yeah.
22:06
In a bag and sunnies and like...
22:08
Yeah.
22:09
I was talking about this later.
22:10
I'm so excited.
22:11
It's 30 degrees though.
22:12
It's going to be a long day.
22:13
I'm excited for the strawberries and cream.
22:14
What's that?
22:15
It's like a Wimbledon thing.
22:17
Sorry?
22:18
The strawberries and cream.
22:19
I have no idea what you're talking about.
22:20
Strawberries?
22:21
Like an actual snack?
22:22
Or is it a band?
22:23
Yeah, sorry.
22:24
Yeah, yeah, it's a snack.
22:25
I was like, have you never heard of strawberries?
22:27
Yeah, no, no.
22:28
But I was just like, what do you mean?
22:30
Like, it's not like peaches and cream.
22:31
It's not like...
22:32
It's extra.
22:33
Yeah, no, it's not extra.
22:34
So...
22:35
But you go the...
22:36
It's the snack that you get.
22:37
Yeah.
22:38
Wimbledon's like, no one for you.
22:39
You go there and you get your strawberries and cream.
22:40
Have you been before?
22:41
No.
22:42
I'm so excited.
22:43
I've been trying to go like for the last three years.
22:45
Is it because you can't get tickets?
22:46
It's so hard to get tickets.
22:47
Really?
22:48
You go into a ballot so you can get pulled out of a ballot.
22:50
And they just...
22:51
You go into the ballot like a year beforehand.
22:54
Or you can camp.
22:55
People camp out.
22:56
It's like...
22:57
People pitch tents and stuff.
22:59
They give a whole bunch of tickets out for it to the public.
23:02
Or...
23:03
Sorry.
23:04
It's unso rude.
23:05
But I really would have not fought the people that want to go to Wimbledon,
23:08
a people that would camp for tickets.
23:10
Well, there's obviously you can pay for like...
23:13
There's a certain allocation that is effectively free.
23:16
Oh, sorry.
23:17
Oh, that's quite cool.
23:19
Yeah.
23:20
But you have to get there like...
23:21
You either camp overnight or you get there at like 4am.
23:24
It's really intense.
23:26
I couldn't have done anything.
23:28
I don't think there's anything I would camp out like that for.
23:31
No.
23:32
You see people camping out for like new release sneakers and shit.
23:35
I'm like, I'm sorry.
23:36
I'm kind of...
23:37
I feel good on you for loving something that much that you're willing to dedicate to.
23:41
Last night.
23:42
Or when you see dads like camping out with their daughters to get to the front of like...
23:46
You could.
23:47
I would do it.
23:48
If I had a kid that was absolutely obsessed with something.
23:51
I would do it.
23:52
But for myself, I can't...
23:53
I was going to say last night...
23:55
My flat man night.
23:56
There's this really delicious gelato and ice cream place just down the road from my house.
24:00
And we like trotted down at like 8.30 after dinner.
24:03
And there's always a cure, always.
24:06
But I've had it before and I know how good it is.
24:08
And I was standing in there and I said to her,
24:10
there's not a lot that I would wait and acute like this.
24:12
For like problems like...
24:13
Like the scenery.
24:14
So that's kind of it.
24:15
Yeah.
24:16
Yeah.
24:17
I love a good ice cream.
24:18
I probably just struggled with lines.
24:20
Anyway, what is happening financially with Wimbledon?
24:23
So don't do that.
24:25
Why?
24:26
Because you're doing a throat clear in someone's ears.
24:29
Sorry.
24:30
I needed to clear my throat though.
24:31
I know.
24:32
But next time just go...
24:33
Oh.
24:34
You've got to pull your microphone away.
24:36
So...
24:37
The tournament...
24:39
I was doing some research.
24:40
Actually pays women and men the same prize money.
24:44
So I was like, who?
24:45
Go Wimbledon.
24:46
All the big tennis tournaments do now, which is fantastic.
24:49
But the prize fund is...
24:53
Sorry, but can you tell me when I have harmed hair?
24:55
Oh yeah.
24:56
Like that's really shit form for me.
24:58
It's like spinach.
24:59
Sorry, I'll tell you.
25:00
I'm trying to concentrate on that.
25:01
I just looked in the mirror.
25:02
Sorry.
25:03
So distracting.
25:04
But I was like...
25:05
Could you just be like, oh, fix that?
25:06
Like if you had a giant horn on your hair, I'd tell you.
25:08
I didn't even...
25:09
Sorry.
25:10
Continue.
25:11
The tournament has a prize pool of 50 million pounds.
25:17
So that's like over 100 million New Zealand dollars.
25:20
Which is...
25:22
Double the amount that it was 10 years ago.
25:25
Yeah.
25:26
The great thing is men and women get paid the same.
25:29
So the men's final, the women's final, they get paid the same amount of prize money.
25:33
Is that $3 million?
25:34
Three million pounds each.
25:36
Three million pounds per winner.
25:38
So whoever wins the men's gets that, yeah.
25:41
Is that because the demand for viewership is the same for men and women,
25:45
like the amount of people that show up in my tickets.
25:47
No.
25:48
It's just...
25:49
The men's final gets way more still.
25:52
Ah, and the ticket surprised accordingly.
25:55
You know, more people want to go see the men's final and the women's.
25:58
But it's only been since 2007, which is actually quite recent.
26:02
And so they've been paid equal...
26:04
I was going to say that it's quite forward-thinking.
26:06
Do you reckon?
26:07
Yeah, I mean, it's 15 years ago.
26:09
Yeah.
26:10
Just thinking about how much disparity there is in other sports.
26:13
Yeah.
26:14
I mean, the US opens down it since 1970s.
26:17
Oh, wow.
26:18
Yeah.
26:19
So what are the main sports then and not doing it?
26:21
This is what I was researching.
26:23
I was like, what other...
26:24
Individual sports do not pay...
26:27
Sorry, not other, because Tina stars.
26:30
But I was like, what individual sports don't pay the same for men and women and golf?
26:34
It's golf the number one.
26:38
Do you know what's shared about theirs?
26:40
It makes it.
26:41
I mean, not that you need Curtis going to be thinking,
26:43
what sport can I be paid the most in?
26:45
But, you know, if you're a kid and you're thinking about that,
26:48
well, thank you very much.
26:49
But doesn't that just not surprise you?
26:51
Yeah.
26:52
Like there's such...
26:53
Oh.
26:54
Yeah.
26:55
Honestly, if I'm dating and someone's into golf,
26:57
it is hard to get past.
26:59
It's just...
27:00
Flownman plays quite a bit of golf, doesn't he?
27:02
He does.
27:03
Yeah.
27:04
It's...
27:05
I mean, he's been into golf now.
27:06
Yeah, and it's crazy golf, but you don't...
27:08
I don't know.
27:09
You don't want to stifle someone's passion or like their interest, right?
27:12
You don't...
27:13
You can't play golf, because they'll just start resenting you.
27:15
But obviously not.
27:16
I'm just...
27:17
Yeah.
27:18
Just not saying it's not a panty dropper if someone tells you.
27:20
They play golf, you know?
27:22
And I told this to him as I was researching.
27:24
I was like, did you know?
27:25
Golf was on it.
27:26
Anyway.
27:27
So like the average salary in the PGA, which is like the big tour,
27:30
is a million pounds for men, and it's 300,000.
27:33
Oh.
27:34
Sorry, it's a million dollars for men.
27:36
I mean, it's the same, but it's 300.
27:38
That's cool.
27:39
So it's like a third.
27:40
Less than a third.
27:41
Ah, and...
27:43
It's funny.
27:44
He was like, well, you know what golf stands for.
27:46
What does it stand for?
27:47
Guys only ladies for a bit in.
27:48
Oh.
27:49
It's out.
27:50
No, it's not.
27:52
And actually heard that before, like years ago.
27:56
I don't think it does.
27:58
I think it's more people have come up with that.
28:00
We have to get all that.
28:01
No, people have come up with that.
28:02
No, I've thought to get all that.
28:03
I don't know if it was created to be like all day.
28:05
I dream about sports, but...
28:07
What does the word gold stand for?
28:13
But there are still golf clubs around the world
28:15
where you're not allowed woman.
28:17
It's crazy.
28:18
So backward.
28:19
Again, played on a large...
28:22
No, no, no.
28:23
I mean, it doesn't come up.
28:24
I feel like he's just taking the piss.
28:25
It's like a piss joke.
28:26
But anyway.
28:27
Oh, no, hold on.
28:28
It's...
28:29
Oh, yeah, yeah, okay.
28:30
So what is the acronym golf stand for?
28:32
It is not an acronym for any...
28:34
Okay, great.
28:35
Perfect.
28:36
Perfect, perfect.
28:37
Woo!
28:38
But yes, it's...
28:39
I mean, it doesn't surprise me, right?
28:41
I mean, I'm out of work deals that are done.
28:44
Like, golf trips.
28:45
You know, it is quite a...
28:47
White man's choice.
28:48
It's laddy.
28:49
Yeah, it's very, very laddy.
28:50
And...
28:51
If anything, maybe that means we should take it up.
28:54
Like, maybe we need to make it more feminine.
28:56
Oh, definitely.
28:57
Yeah.
28:58
And go and get cute little skirt.
28:59
But I just don't have eight hours in the weekend
29:01
where I can piss off and play golf.
29:03
What are you all doing?
29:04
Also...
29:05
I have that much time.
29:06
Also, me trying to find four other female friends
29:08
that could do that?
29:09
No, we have lives.
29:10
But maybe if we got into it, like, the idea of being in nature
29:13
and wandering around and just chatting is quite fun.
29:16
Yeah.
29:17
I'm going to knock it any more until I've tried it.
29:19
Yeah, anyway.
29:20
But I'm also not going to need to, like, up your game
29:23
in terms of paying women and men the same thing.
29:26
I think the other thing that annoys me about golf
29:28
is the fact that it is such a supreme sport
29:32
in the sense that...
29:34
Like, the golf courses, like having memberships at golf courses
29:39
and, like, it's very unattainable for a lot of people.
29:42
Yeah.
29:43
Or it's kind of, like, sailing.
29:44
Or, you know, it's that top-tier society
29:47
that are able to care about it and buy tickets and go.
29:50
Wimbledon's probably similar, right?
29:52
Like, tennis?
29:53
Yeah, but I feel like you could, you know,
29:55
getting a tennis racket is not that true.
29:57
Yeah, true.
29:58
You know, like, getting a basketball,
29:59
getting a soccer ball.
30:00
Like, all of those, like...
30:01
When did it make space?
30:02
When did it make space?
30:03
Yeah.
30:04
But it's funny.
30:05
I saw this meme and it was like,
30:06
that was the only sport where all the spectators dress like
30:09
the players.
30:11
And then at this picture of the US Open and it was like
30:15
all these old...
30:16
Colin, Ralph Laurence.
30:17
Yes.
30:18
And these shorts were belts.
30:19
And they've been in politics.
30:20
And then the players are like,
30:23
I was like, oh my god, who would...
30:24
It's if you'd go to a basketball game,
30:26
like, dressed as a basketball player.
30:27
And imagine if the whole crowd was just...
30:29
It's so like, want to be weird anyway.
30:31
Yeah.
30:32
Well, it's very like, old money, traditional.
30:35
I met someone like this at a lunch the other day
30:38
and I honestly could smell him from a mile away.
30:40
It was like, the way he was dressed,
30:42
the way he was talking,
30:43
it was like, someone asked if he was...
30:47
One of our friends that was at this lunch,
30:50
he was like, oh, are you dating...
30:52
What have I been pointed to a girl?
30:53
And our friend was like, oh no, that's my husband over there.
30:56
And honestly, he could not fathom the idea that this man
31:01
was intamine.
31:02
I was like, what is wrong with you?
31:05
It is 2025.
31:06
It just felt like, do you know what?
31:09
This is so niche,
31:10
and this is really a New Zealand reference,
31:11
but it felt super Christchurch.
31:13
Do you know what I mean?
31:14
Sorry, I don't know.
31:15
Oh, she was there.
31:16
But it's true.
31:17
It's like Christ College.
31:19
It's what it is.
31:20
It is.
31:21
Sorry.
31:22
Oh, yeah, true.
31:24
Sorry.
31:25
Sorry, Ian, you wanted to say something from Christ College.
31:27
But it is.
31:28
And we...
31:29
We have Christchurch.
31:30
She's nothing is the woman.
31:31
She's nothing is the woman.
31:32
I also do union Christchurch.
31:34
But it's just like the...
31:35
Sorry, I can't hear you.
31:36
Yeah, I don't know.
31:37
Absolutely.
31:38
She's on one.
31:39
But I wanted to say back to the tennis and the one wooden thing.
31:42
The champion for equal pay with men and women was Venus Williams.
31:46
And she championed it.
31:48
She got it through in 2007.
31:50
And then she was the one that went on to win.
31:53
Oh.
31:54
And she got the same pay,
31:57
the same prize money as Roger Federer.
31:59
And I was so cool.
32:00
She probably said, look, I'm really good this year.
32:03
I bet against high rise.
32:04
I want to pay rise.
32:05
I want the same.
32:06
I was Roger Federer.
32:07
I mean, me in the finals.
32:08
So I'm, you know, it's quite good.
32:09
You bet a penny the same.
32:10
Yeah.
32:11
Anyway.
32:12
I'd love to know if anyone wants more sports money content.
32:16
Yeah.
32:17
Because it's like such.
32:18
I would love to interview some...
32:19
I'm going to have to reign in my attitude towards it.
32:21
Yeah.
32:22
Get some back golf.
32:23
It's a more female golfing off.
32:24
It's a more female golfing off.
32:25
It's a more female golfing off.
32:27
But I'd love to know like the pay disparity and like...
32:29
Yeah.
32:30
Like contracts and like how those discussions at effort
32:32
is still very like men and women.
32:34
And also, yeah, I don't know.
32:36
Where the world's going or where they think the world's going
32:39
in terms of like male and female sport.
32:41
Because I think it's...
32:42
Yeah.
32:43
It's going to be interesting.
32:44
Also how much we, or how we can support women's sport more.
32:47
Like what does that look like?
32:48
Is it showing up to games?
32:49
Is it buying tickets?
32:50
Yeah, yeah.
32:51
Because, yeah.
32:52
Yeah, yeah.
32:53
I think I, I mean, I'd be quite keen to hear more.
32:55
Maybe we'll put a poll in this podcast.
32:58
Yeah.
32:59
And just vote if you're interested in hearing more about this or not.
33:01
Yeah.
33:02
It's quite helpful when people vote.
33:03
Yeah.
33:04
Because you don't want to go and produce like a whole mini series
33:06
on like golf and money.
33:07
Something that we want.
33:08
I mean, not golf and money.
33:09
No one panic.
33:10
But like sport and money.
33:11
And then, you know,
33:14
not in lessons.
33:15
Do you remember what I did?
33:16
Party at my house.
33:17
Put one.
33:18
And...
33:19
Put one.
33:20
Well, you used to do heaps of...
33:21
I know, invite everyone back to my house.
33:24
And London or...
33:25
And they were like, oh my goodness.
33:26
Is this where the curve records its podcast?
33:28
Oh my god.
33:29
We recorded some...
33:32
And if I was in there drunk, like talking,
33:34
and we pressed record.
33:36
And...
33:37
Can I just say the context?
33:38
Because when you talk into a microphone and you have headphones on
33:40
and you hear what it sounds like,
33:42
it's actually...
33:43
Quite cool.
33:44
It's quite cool.
33:45
So I understand.
33:46
You were on a radio show.
33:47
Yeah.
33:48
And what you're saying is very important.
33:49
And so anyway, we're all in there like...
33:52
And then they kind of...
33:53
Our friends started talking and like...
33:55
Talking about a podcast and what's up.
33:57
Oh my god.
33:58
I forgot about it.
33:59
Yes.
34:00
About golf and like...
34:01
Anyway, we pressed record.
34:02
And then then on Monday,
34:03
you were put in the SD card.
34:04
Why did...
34:05
Anyway, we listened to it and...
34:06
And...
34:07
And criminating.
34:08
And criminating.
34:09
You know, any of these people are running for...
34:11
Any kind of political...
34:12
Do you know what to do?
34:13
Do you know what to do?
34:14
Yes, we've got to switch it on you.
34:18
Oh my god.
34:19
That's why.
34:21
Oh my god.
34:22
My ex-boyfriend spoke about...
34:23
Do you remember that?
34:24
Oh my god.
34:26
I'm pretty sure they said the words.
34:29
Like, there's just not enough stuff out there for young...
34:32
Oh.
34:33
Okay, I won't.
34:34
Okay, I won't.
34:36
Anyway.
34:37
Because then we can't remind them we've got on them.
34:39
You're right.
34:40
Yeah, yeah, yeah, yeah.
34:41
We've got a lot on them.
34:42
Yeah.
34:43
That's so funny.
34:44
Interest rates.
34:45
So.
34:51
That was going confident into it.
34:56
I feel like a teacher who's trying to get the attention back
34:59
of the student.
35:00
Yeah, that is kind of...
35:01
And you're like, guys.
35:02
Interest rates.
35:03
She'll shush pipe down in the back.
35:04
Interest rates.
35:05
I'm so excited to tell me all about them.
35:09
No.
35:10
No, very, very different.
35:11
Are we talking interest rates in the UK?
35:13
Gloverly.
35:14
What are we talking about?
35:15
So in New Zealand, we had an announcement that...
35:17
Interest rates were on hold.
35:18
Which was the same in Australia that Australia has had.
35:21
And I kind of want to like flesh this out a bit because
35:25
it's quite meaningful.
35:26
Like we've had six interest rates cut to New Zealand.
35:29
Australia's had a few more that are on hold.
35:31
UK's been cutting.
35:33
Which as we know is that when you cut interest rates
35:38
it's to help stimulate an economy.
35:40
Or because inflation's under control.
35:43
You're kind of like, you know what?
35:44
We can reduce interest rates.
35:46
Because economy's in a really good shape.
35:48
And it doesn't mean that we're going to, you know,
35:50
inflation's going to run away again.
35:52
So if we wind back a few years, we had super high inflation.
35:55
So we increased interest rates to help bring inflation down.
35:58
I've just had a good idea.
35:59
Yep.
36:00
Interest rates getting higher.
36:03
Yeah.
36:04
Wait, sorry.
36:05
So interest rates going lower means we're trying to stimulate the economy.
36:08
Yep.
36:09
Oh no, that's not going to work.
36:10
It's like a seesaw, right?
36:11
So it's like as soon as you reduce interest rates,
36:13
inflation goes up.
36:14
And then as soon as you, they just work in opposite directions.
36:17
So if one's going up, the other one's coming down.
36:20
But the case in New Zealand at the moment
36:23
and it could happen to a few other countries
36:25
is that the economy's not doing too well.
36:28
So you want to bring down interest rates,
36:30
which they've been doing.
36:32
But inflation's now ticking up a bit.
36:35
Oh, shitballs.
36:36
But they're like, oh gosh, the economy's not doing very well.
36:39
Inflation's going up.
36:40
So what do we do with interest rates?
36:42
Do we bring them down further?
36:44
Because interest rates?
36:45
And inflation goes up.
36:46
But why?
36:47
So sorry, does inflation always go up if interest rates are down?
36:51
Essentially.
36:52
That's why.
36:53
Because people are out there spending lots.
36:55
They're demanding lots of products.
36:57
You're kind of fueling the economy.
36:59
So prices are going up.
37:00
People are asking for more salaries, more wages.
37:03
So it's like, it's a really encouraging
37:10
and a way to stimulate the economy essentially.
37:14
So if my interest rate's been coming down on my mortgage,
37:18
so now I've got an extra couple of hundred dollars a month now.
37:22
I'm like, you know what?
37:23
That's the other thing you close from.
37:25
I'm going to go spend that money.
37:26
So therefore, if there was one lamp in a shop,
37:31
and you and me both wanted to go buy that,
37:34
because we both had discounts on our interest rates,
37:36
and we've both got extra couple of hundred dollars,
37:38
we're going by the lamp.
37:39
It sells out.
37:40
They order more.
37:41
They put the price up next time.
37:42
You know, like it's kind of that whole,
37:44
there's a lot of more demand for products and services.
37:47
We can't cut this out, but your hand keeps waving over the camera.
37:50
So if you could just be aware of that,
37:52
it would be stunning.
37:53
Okay, right.
37:54
So the idea here is that interest rates have already been cut.
37:58
And the whole reason you cut interest rates is to try and curb inflation.
38:01
But if interest rates are already low,
38:04
and inflation is starting to creep away,
38:06
it starts to get a bit dodgy,
38:07
because there's only so much you can reduce interest rates.
38:09
Well, yes, we're not at a place where it can't reduce anymore.
38:12
It's more, okay, if we reduce them,
38:14
and inflation goes up,
38:15
the economy's already in a place that's not doing too well,
38:19
will that just have a double negative impact?
38:22
Because prices going out, people can't afford to spend.
38:25
So you kind of get in this,
38:27
what's called like a stagflation,
38:29
which is it's not having the intended impact that you want.
38:33
So anyway, there is a risk that we get into that,
38:36
because what the last thing you want is really high inflation
38:39
in an economy that's not growing,
38:42
and that's where New Zealand could get.
38:44
What about, and is that the same for other parts of the world?
38:46
So Australia, the economy's flying,
38:48
doing fantastically well.
38:50
Why is that?
38:51
Because they've got,
38:53
they're really exposed to like resources,
38:56
so like steel, aluminium, all of that, which they get.
38:59
There's like oil and stuff like that.
39:01
Or they're not so much oil, but more like commodities,
39:03
like hard commodities.
39:04
Like mines.
39:05
Yes, mining, yeah, yeah.
39:06
So, and they've just got like down to everything, right?
39:11
A higher minimum wage,
39:13
a higher superannuation contribution,
39:15
higher wages, better job prospects.
39:17
And that's why everyone's going there from New Zealand,
39:19
because the economy's in a better shape,
39:21
therefore that filters down to all other parts of the country.
39:26
And so, yeah, I mean the UK's,
39:29
I mean, a little bit more dicey,
39:31
but it's still,
39:33
we're still decreasing interest rates here.
39:35
So, yeah, anyway,
39:37
it's just like you don't want to get into a position as when
39:41
the tools that you're using aren't having the attack.
39:44
Yeah.
39:45
You know, so you're like,
39:46
we're reducing interest rates to give people more money,
39:49
but prices are going up with inflation.
39:52
So they're not spending anyway.
39:54
They're not spending,
39:55
because I'm a bit concerned I might lose my job.
39:56
So instead of extra couple of hundred dollars on that lamp,
39:58
I'm going to keep it.
39:59
I'm not going to spend it.
40:01
So, I don't know.
40:02
This is like so many.
40:03
It's like economics is like so.
40:05
Do you think the problem is like population?
40:08
And the reason I say that it's like Australian population,
40:11
the UK,
40:12
like it's higher.
40:14
Small countries.
40:15
I feel just inherently struggle,
40:17
because there's not as many people to spend money.
40:19
Yeah.
40:20
I think the tariffs have really screwed us as well.
40:23
I think there's just,
40:24
there's so many, I guess.
40:27
But why have tariffs not screwed Australia or the UK?
40:30
Well, it's more like,
40:33
yeah.
40:34
I mean, there's so many moving parts.
40:37
Well, the tariffs,
40:38
the US and the UK have a tariff agreement now.
40:40
Sorry, a trade agreement.
40:41
So therefore, we're in like,
40:43
I think, I honestly think the UK is going to be,
40:45
have it's time in the sun.
40:46
Really?
40:47
Very shortly.
40:48
Well, that's quite exciting.
40:49
Yeah.
40:50
I just think,
40:51
I mean, you don't want to be bloody,
40:52
bloody with Trump,
40:53
but sometimes you do, you know,
40:55
if you're the PM of the UK,
40:57
and you're seeing him slap all these tariffs on other countries,
41:01
you know, you kind of want to get in bed with him,
41:03
be like, leave us alone.
41:04
Yeah.
41:05
Gross.
41:06
Anyway, also, lastly,
41:08
I'm just saying, you know,
41:09
I'm desperate for the load.
41:10
I know.
41:11
And we just wrap up this.
41:12
We'll just wrap this one.
41:13
We'll finish on a sweet note.
41:16
Oh, God.
41:17
Well,
41:19
Nutella, the company that owns Nutella.
41:21
Yes.
41:22
Oh, which is called Ferrero.
41:23
Yeah.
41:24
Because they have three or four years.
41:25
They're actually buying Kellogg's.
41:28
Do you know Corn Flakes?
41:30
Do people still eat those?
41:31
Corn Flakes.
41:32
So, her fruit loops, they hear,
41:33
I know.
41:34
Do you know how much sugar?
41:36
Oh, these are your children fruit loops in the morning.
41:39
I'm sorry.
41:40
I don't think.
41:41
I would rather, like,
41:43
yeah.
41:44
I mean, look, all honesty,
41:46
I think that that's a privileged position to be in.
41:49
I think a lot of people kind of forge different types of food for their kids,
41:52
and I also think there's such an education gap.
41:55
100% agree.
41:56
And I think that's where the government needs to step in,
41:58
and make these types of...
41:59
More expensive.
42:00
...breakfast, more expensive,
42:02
and subsidise fruit veg,
42:04
or not have tax on fruits.
42:06
Here we go again.
42:07
Victor, P.M.
42:08
Prime Minister.
42:09
P.M.
42:10
Yes.
42:11
Do you...
42:12
Do you buy in Kellogg's?
42:13
I honestly am so, so surprised that they still exist.
42:16
Well, this is the thing.
42:17
They've had Kellogg's of really...
42:19
their shoe prices done pretty much nothing in the last five years.
42:22
So...
42:23
Those are the takeover types.
42:24
Yeah.
42:25
So they're like, you know what?
42:26
You're on your knees.
42:27
I'm gonna buy you.
42:28
Oh, this is...
42:29
Oh, that's stunning.
42:30
We've got some building work.
42:31
So we can't even have podcasts.
42:32
This is fantastic.
42:33
I wonder if you can hear that.
42:35
There's literally a sore going on in the background.
42:37
Yeah.
42:38
I kind of, before we wrap up, I did actually...
42:40
I saw a couple of other things in your notes.
42:42
No, we can't give them to that.
42:43
Why?
42:44
Because it's like, that's just a lot of...
42:45
The Russia thing I want to know about.
42:47
Oh, yeah.
42:48
I don't know.
42:49
Did you see the picture I put in there?
42:50
No.
42:51
So, anyway...
42:52
Yeah.
42:53
I'll just round out that...
42:54
I hadn't finished talking about this.
42:56
Oh, sorry.
42:57
But...
42:58
Tell me more about Cornflake.
43:00
Yeah.
43:01
So anyway, they're getting taken over...
43:02
No, no, I genuinely want to know.
43:05
Tell me.
43:06
So, you know, they're getting taken over.
43:07
And it was for a 30% premium to the current shoe price.
43:09
So if you were holding shoes and Kellogg's
43:11
or any company that was getting taken over,
43:13
you've instantly got a 30% return in one day on your shares.
43:17
And the thing is, if you were holding Kellogg's
43:19
or any company that hadn't done much for the last few years,
43:23
you're sitting there going, OK, now I've gone up 30%
43:26
with my investments.
43:28
You'd be like, I kind of want to sell.
43:30
You know, I'm kind of out of here.
43:31
I've given...
43:32
I've been patient and nothing's happened and now I'm getting this.
43:34
And this is why companies, when they take over other companies,
43:36
they have to make it attractive.
43:38
Because otherwise, why would you sell?
43:40
Yeah.
43:41
But it's also not a done deal, right?
43:42
Like, there is...
43:43
There could be kind of competition...
43:46
Regulators, you know, that come out and go hang on, actually.
43:49
You're now going to have one big kind of snack, me.
43:53
That's not allowed because you're going to increase prices
43:56
and then people won't be able to afford.
43:57
So we're not going to let it happen.
43:59
So there is risks when companies bid for other companies
44:01
that they actually doesn't go through.
44:03
So sometimes you're like, you know what, I'm going to sell
44:05
30% because there's a risk that I might not go through.
44:08
Anyway, the reason Kellogg's done really badly
44:11
is you're right.
44:12
People are just heating towards more healthier options.
44:15
And they've realised that fruitloops actually fill the sugar
44:20
and probably do you know?
44:21
Fruitloops are absolutely barbaric.
44:24
Yeah.
44:25
It is on a sigwile to me to think that I...
44:27
I mean, I used to be like, God, this milk just taste still.
44:30
Look at this after you've eaten them.
44:32
I mean, more milk.
44:33
It's amazing.
44:34
It's a little bit...
44:35
It's a little bit...
44:36
It's a little bit...
44:37
It's a little bit...
44:38
It's a little bit...
44:39
It's a little bit...
44:40
It's a little bit...
44:41
It's a little bit...
44:42
Interesting.
44:43
I just want...
44:44
Also, they got colours in them.
44:45
Like it's not just the sugar, it's like dye.
44:47
Yeah.
44:48
It's sorry, continue.
44:49
Don't do a little bit.
44:50
And she's like a nutritionist and she was on a podcast
44:52
and I think it was Dom actually.
44:54
And he bought out three breakfasts
44:56
and he was like, out of these, which one would you choose?
44:58
Who you talking about?
44:59
Dom Harvey.
45:00
Yeah.
45:01
And she was like...
45:02
And it was neutral grain.
45:03
I think it was fruitloops and I think it was three.
45:05
There were three maybe cornflakes.
45:07
And she was like, I would rather not have breakfast
45:09
first, then put any of them in my body, like, and I was like, fair.
45:13
And he's like, what about neutral grain though?
45:14
It's got like strong people.
45:15
And he's like, she's like, it's just marketing.
45:17
It's absolute philosophy.
45:18
And I was like, yeah, that's a marketer's dream.
45:20
It's putting like strong athletes and like, you know, like running people
45:24
and say, you're going to be fit in hell.
45:25
They're like, no, no, just like read the label.
45:27
Yeah.
45:28
It's education.
45:29
You're completely right.
45:30
Lastly, Russia, so when the war with Ukraine happened, a lot of companies
45:37
were like, you know what, we're not going to do business in Russia anymore.
45:41
You have McDonald's pull out, you had Zara, you had Starbucks, you had Mohit Hinesi,
45:46
you know, like, you had a lot of companies pull out from Russia.
45:50
As a way of a stance being like, we don't condone what you do.
45:53
We're going to start a view of money and like, you know what I mean?
45:55
I'm sorry, when you say pull out of Russia and those companies, do you mean just
45:59
stop selling there?
46:00
Do you mean stop selling?
46:01
Yep, some of them like pulled out completely and were like, we're not going to
46:04
operate any stores there.
46:06
They might have sold them to Russians.
46:07
Oh, that's cool.
46:08
It's so honestly, like, wow, one thing is not the word it won't go on.
46:12
So this is absurd, what even is it?
46:16
It's a good thing.
46:17
It's so loud.
46:19
There's 140 million people that live in Russia.
46:21
So for a company to do that and say, you know, we're not going to operate it anymore.
46:26
It's quite massive, massive deal.
46:28
Anyway, I think the backlash of not doing it is also pretty damaging.
46:33
You know, if your McDonald's was to operate in the air and say, anyway, there has been
46:38
Russia has been like, well, okay, if you're not going to operate, we're going to create
46:42
like doops.
46:43
No way.
46:44
And so there's this company called Stars Coffee with this very, very similar logo called
46:52
Stars Coffee and they do frappuccinos and they got a butter on there.
46:56
No.
46:57
What does that hat look like?
46:58
It looks like Russian.
46:59
Oh my gosh.
47:00
Anyway, we're seeing a lot of these pop up.
47:03
There's like a burger chain that looks exactly like McDonald's and Valermeer Putin is
47:08
like, well, come back and operate here or we're going to keep doping your products.
47:13
So are they legally going to get rolled for that?
47:17
I mean, it's Russia.
47:18
I'm kind of like, I don't know.
47:19
Yeah.
47:20
But yeah, you could.
47:21
There'll be lawsuits, definitely.
47:22
But yeah, it's just so funny.
47:24
They're like, well, you know what?
47:25
If you're not going to operate in our country, it's honestly, tell me there's a male
47:29
leader without telling me there's a male leader.
47:31
I know.
47:32
Yeah.
47:33
But he's also drawing up some like legal documentation to, like to almost force countries
47:39
to invest in Russia and like, it's going to be interesting to see what happens.
47:42
But, but Moelle Hennessey's actually could come out recently and there's been a whistle
47:46
blower, which I just love the term.
47:49
Someone that's like, loving those secrets of within a company, that said, they're still
47:54
actually operating and sending products to Russia, which companies this?
47:58
Moelle Hennessey.
47:59
Yeah.
48:00
Yeah.
48:01
Yeah.
48:02
That's dodgy around.
48:03
There's a whole lot of sexual harassment claims, which LVMH does not need right now.
48:07
Like, their share prices are doing so terribly.
48:09
And then it's saying, ooh, you are you down, but yeah, it's why would you sexual harassment
48:15
and then it was also, they're also like, yep, and they're still shipping to Russia,
48:19
even though they've told you they're not.
48:20
So.
48:21
Doesn't that make you want to sell?
48:22
That's a pretty shit.
48:23
I'm very excited.
48:25
Like, it's not not for the sake of financial, like I realize, but something's down.
48:29
It's a good time to invest.
48:30
I know.
48:31
But that is the whole discussion, right?
48:33
Like, I'll give it a second.
48:37
Sorry, but I'd like to hear your thoughts on that at some stage, because I think that's
48:41
pretty wild.
48:42
I mean, there's not really a question around morality there.
48:46
It's just straight up terrible, you know?
48:48
Both of those.
48:49
Yeah.
48:50
Like, you can't be like, well, the redeeming quality is that their champagne cures
48:54
the skin diseases.
48:55
Do you know what I mean?
48:56
It's like, I honestly think, though, you could find something bad with every single company
49:02
that you have.
49:03
But that is the most defacious attitude, either, to say every company is just shit.
49:08
But it's true.
49:09
Yeah.
49:10
I don't think that's true.
49:11
You don't?
49:12
I think there's some good companies and good people in the world that you can support
49:15
and invest in.
49:16
I just think the best.
49:17
And if not, why would we want to invest?
49:18
It's so fucking shit.
49:20
Yeah, but like, I don't know.
49:22
But I guess what I'm meaning is that everybody has different views of what all different
49:26
speakers are.
49:27
Do you think there's people that would hear there's a sexual harassment claim and think,
49:29
do you know what?
49:30
It's not bad.
49:31
It's objectively not a bad thing.
49:32
No, I don't.
49:33
I'm saying it's bad.
49:34
I think it's terrible.
49:35
No, but my point is you can't.
49:36
Yeah.
49:37
So with this particular, I mean enough to sell is what I'm saying.
49:42
Like, Amazon's done fucking terrible.
49:44
Sorry.
49:45
Yeah.
49:46
But Amazon, like, Microsoft.
49:47
There's not a whole lot of people who would come up and say, Amazon is a good company
49:51
with good morals.
49:52
You know, it's not.
49:53
No one thinks that.
49:54
Yeah.
49:55
So I think.
49:56
But you invest in it.
49:57
No, I don't.
49:58
It's a people I'm wondering.
49:59
I mean.
50:00
Yeah.
50:01
No.
50:02
No, but that's, but you know, like, I think I just think it's a good example of everybody's
50:10
three-shoulds and.
50:15
Speak quickly.
50:16
There's a very long.
50:17
Yeah.
50:18
I'm like, I can't give my words.
50:19
I think this is why investing is so individual, right?
50:22
You want to put the money where you want the companies that you want to support.
50:28
And for a lot of people, it's investing in companies that are changing and doing better.
50:33
And actually, rather than just selling and not only that it's giving companies money
50:38
that might be, it might be giving money to BP because they're going to eventually move
50:46
to, you know, being low carbon emissions.
50:48
You know, they've got like there on the road to do that.
50:51
And they're going to have a much more profound impact if you support them financially.
50:56
I'm not saying that I invested BP.
50:58
But do you know what I mean?
50:59
Rather than just being like, fuck it, I'm not going to invest in them.
51:03
Moving to a world where there was some startling stat of like the amount of money
51:10
that needs for the UK that needs to be invested to in order to reach net zero emissions.
51:15
And it means that we're going to have to increase taxes by like 10% or something
51:19
in order to get there because then where does the money come from?
51:21
So it's like, I don't know.
51:22
There's so, yeah, it's feel like we've just opened a can of worms
51:25
in the last five minutes of this podcast.
51:27
Yeah, I would love to see, maybe it's not you, but two people debate that.
51:34
Because I think that while I agree, I think there's some companies that are like clearly doing good and blah, blah, blah.
51:42
And there's also all the jobs, right?
51:44
Like the bigger the company, like all those jobs that they're supporting,
51:47
all the paying people, like what they bring to certain economies and cities.
51:51
It's just, you've got such big companies with such tentacles.
51:58
It's, there's, they're probably giving away millions to charity,
52:03
but could be having an negative impact on the planet.
52:06
So it's like, okay, well, watch what's at least are evil or what's a better,
52:09
do you know what I mean?
52:10
Like it's kind of, there is very few companies that have green flags all throughout them
52:18
is what I'm saying.
52:20
Don't love it.
52:21
Like even Microsoft, they make like hardware, they use,
52:26
they use power to generate all of their products and services.
52:30
Like they, they, what they consume in terms of power and therefore that uses coal.
52:34
Like where do you draw the line?
52:35
It's kind of, like even Tesla.
52:37
Oh, I'm not sitting here saying that Tesla is.
52:40
And more society like company.
52:43
But even the, even the environmental side of Tesla, like there's a huge impact on the environment
52:49
getting left the amount of the ground for the batteries for the cars.
52:52
And like it's just like, it's kind of also, are you just looking at the company in isolation
52:57
or are you looking at all the suppliers of those companies?
52:59
Are you looking at the customers of those?
53:00
Like it's a, honestly, it's, this is such a minefield when I was a portfolio manager
53:06
because you would have some clients being like, I don't want new universities there.
53:09
And other saying, I do, and you're going, okay, what do I think?
53:13
Because it's, I don't know, it's such a hard.
53:15
I reckon if we put like Microsoft, I don't want to vest them because of what they're doing to AI
53:19
and they're going to put millions of people out of jobs.
53:22
And then other people are like, oh, but they've actually created all these jobs
53:25
and they're actually giving back.
53:26
They've got incredible charities and, you know, like all of this.
53:29
It's fine to have two different.
53:32
Like this is, this is exactly what investing is about.
53:34
It's having two people multiplied by millions.
53:37
They're having different, there's, you know, whenever you buy a share,
53:40
there's someone selling it, right?
53:41
Like it's, or whenever you buy it.
53:43
Okay, I'm just sorry.
53:44
I'm just aware that we've spoken so nearly an hour.
53:46
And this is like a really intense and really important conversation.
53:49
I think we should continue.
53:50
I think when I'm getting it, as there is no, you're never going to come out
53:54
being like, this is a good company and everyone thinks that.
53:58
Well, this is a bad company.
54:00
Can I put the word out?
54:01
Can I put the word out?
54:02
The word out?
54:03
Anyone that's listening, whether it's you or you know someone you've heard someone in a debate or a conversation,
54:08
speak about this and feel quite confident when it comes to a stance
54:13
on moral or ethical investing.
54:16
But even that.
54:17
Ah, moral, moral and ethics.
54:19
Everybody has different morals and ethics.
54:21
Yes.
54:22
So what I'm trying to say is, if there's somebody who feels like they would be able to hold their own in a conversation like this,
54:27
oh, can you bring my stomach?
54:28
But hungry, sorry.
54:29
Please get in touch with us.
54:32
We've got an email, hello, at thecurveplatform.com.
54:35
If it's nominating yourself, excuse me.
54:38
I have done this for years and there is like,
54:42
I just...
54:43
I want to use LVMH as an example.
54:45
Yeah.
54:46
For you to decide whether or not you're going to sell it or not.
54:48
Yeah.
54:49
I want to get almost someone that's like on the fore and the against.
54:52
Do you know, you're going to have to research that company.
54:55
Yep.
54:56
Like, it will take so long to research that company in depth.
55:01
And there's still probably stuff that I won't know that they do.
55:04
There's stuff you don't, you know, like it's just...
55:06
I just think that the idea of thinking about this
55:10
is really important because you can't be going
55:13
and choosing to not spend your money as a consumer somewhere
55:16
but then investing blindly.
55:18
Like, you have to think about at all.
55:20
And I think, you know, yesterday...
55:22
I agree with that.
55:23
I agree with that.
55:24
Yesterday in our strategy session when we're talking about business strategy
55:26
and like, what we want the curve to be
55:28
and what we want people to think of when we think of the curve.
55:30
Like, one of the main things we talk about is like investing for good
55:33
and social impact and that means more money in the hands of women.
55:38
Yeah.
55:39
Diversifying where capital goes throughout the world
55:41
so that we can see a more stable, diverse kind of world, right?
55:48
Like, that's what we talk about a lot at the curve behind the scenes.
55:51
Like, women inherently invest with a completely different lens
55:54
and heart than men do.
55:55
Yeah.
55:56
And therefore, it's really important.
55:57
And so, I think with that, we need to continue that conversation
56:00
and actually help guide people in their thinking.
56:04
It doesn't mean telling everyone what to do.
56:07
But I think that there's a real hang-up for a lot of people
56:10
when it comes to investing.
56:11
Because they're like, well, I want to make money
56:13
and I want to grow my wealth.
56:14
But I also don't want to be supporting child labor.
56:17
And I think that, yeah, just speaking about that's really important.
56:20
There's a lot of information barrier as well, right?
56:25
Because the everyday investor doesn't have access to all of that information either.
56:30
And I think that's where the disconnect also happens.
56:33
There might be people that don't even know this about LVMH.
56:37
Oh, and I didn't.
56:39
And so, it's like, it's how do you get all that information and knowledge
56:45
so that people can make an informed decision?
56:47
And timely, right?
56:48
Because it changes all the time.
56:50
And this has only just come to light now.
56:52
They might fix it and have some of the best policies ever.
56:56
So, it's just, I think it's, yeah, there's just such a moving beast.
57:00
Yeah.
57:01
And it changes all the time, right?
57:03
So, it's like, but I agree.
57:05
I think there's like, I think it's just an interesting conversation too.
57:08
Like, I just find it interesting to know and talk about.
57:11
So, my call out is just if there's someone that either has heard someone that's really,
57:18
it doesn't have to be just about this company.
57:20
Maybe it's just the space or this area and they're really confident
57:23
or they've read an article from someone amazing or you are passionate about the space
57:28
that would be keen to have a chat about it.
57:30
Just get in touch because they think, you know, that was a really long story.
57:34
Sorry, that was so long.
57:35
Well, normally we would cut it down by like, proof 15 minutes.
57:38
And we're like, what do you cut out?
57:40
That was great.
57:41
I'm happy.
57:42
I doubt it.
57:43
People will be like, we love the bit where you just sat on the couch looking at Sophie's laptop
57:47
and we couldn't see what you were doing.
57:49
So, we couldn't, yeah.
57:50
Have a great week, everyone.
57:52
And we'll be back with an edited version.
57:55
Yes.
57:56
Hopefully next week.
57:57
Hopefully.
57:58
Bye.
57:59
Bye.
58:00
Thank you so much for listening to the Curve Weekly.
58:03
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58:07
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58:10
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58:11
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58:12
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58:13
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58:14
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58:16
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58:19
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58:22
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58:24
Bye.
58:25
See you next Tuesday.
58:26
Well.
58:27
See you next Tuesday.
58:28
I mean Monday.
58:29
No, actually though.
58:30
New episodes out every Tuesday.
58:31
Okay, quickly, the Curve was created to empower and educate you about investing, but we are
58:35
not financial advisors.
58:36
Our platform exists for educational purposes only and it doesn't provide personalized investing
58:50
advice for your individual needs and should not be relied upon to make an investment or financial
58:55
decision.
58:56
And always remember to do your own research before making any investment or financial decision.
59:00
We're here for any knowledge and support you need, but the final call is always yours.
59:04
And thanks for being here.
59:05
You got this.
59:06
Yeah.