Latest / The Curve / TCW73: Nachos making money, and the great guacamole debate.

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TCW73: Nachos making money, and the great guacamole debate. · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the
• 0:06
  money, business and stock market tea. Everyone should experience for us at least once
• 0:10
  in their lives, and Annie shouldn't miss out just because she can't afford it. Help
• 0:13
  me, I'm poor. I think you're going to be very disappointed
• 0:16
  in me. Why? I've done a naughty thing that I haven't done in years like a long, long,
• 0:23
  time. What? I've brought the prop. Can you guess what it is? A fine. It's worse. Parking
• 0:34
  fine. It's worse. You don't have a car. Nope, way worse. Okay, basically what happened
• 0:41
  was. It's your nice, nice number. Nope. I... Okay, you were going to have that fight with
• 0:48
  the E guy on the phone when we went to that cute country getaway weekend. I was arguing
• 0:55
  with them because they didn't put a... Yeah, basically they didn't put a spend cap. Anyway,
• 1:01
  they would really, it was totally their bad to debt collect letter. I thought the last
• 1:07
  phone call I had with them, I'd nailed it and that they were like, Eric and you could
• 1:12
  fight that? I had got rid of it. Yeah. But now I just found this email, I mean this letter,
• 1:17
  and it was like, we are working on behalf of our client E.E. We're trying to find Sophie
• 1:23
  Hallwright on an urges business matter. We're wanting to verify blah, blah, blah, really
• 1:29
  hepto. Just rub it up, put it in the bin and it'll go away. So this is what I was thinking.
• 1:33
  I genuinely wanted to ask you. Do you reckon I could get someone? Absolutely not. I don't
• 1:36
  even know. I would just hear me out. What I thought I could do is maybe be like, she's
• 1:45
  left the country, she doesn't live here anymore, and then maybe they'll just let it go.
• 1:50
  Absolutely not. But it's not my fault, I shouldn't have to pay a $400 phone bill. I think
• 1:55
  it is your fault. So you don't reckon it's a... I'm sorry, it's quite brutal. No, no, no,
• 2:01
  it's fine. Fuck. I honestly, I'd like had it next. This is why spending caps of the air in
• 2:08
  the first place is because otherwise people will get like $400 pound bills. But also, I
• 2:16
  can just fight it and be like, what did they say on the phone? Oh, he was such a dick.
• 2:20
  You know, those people look like security guards in a G. I reckon you could fight it and be like,
• 2:25
  either you didn't put a spin cap on and that's your customer responsibility. I don't just make
• 2:34
  it, just make yourself sound like you know what I'm talking about. Maybe I'll get a lawyer involved.
• 2:37
  If there's any lawyers listening, they reckon they could help me. I'd much appreciate it.
• 2:40
  The other thing was that they were charging you for WhatsApp calls. That's right. And you
• 2:45
  would know WhatsApp uses data and Wi-Fi. Yeah. And they were like charging for
• 2:50
  the national school. It was something like if it dropped out of internet, they swapped it to
• 2:55
  charging me for minutes or something. Yeah. It was so shit anyway. Just ask them for a breakdown
• 3:00
  of all the charges. And then you can go back and be like, hey, this was actually, yeah.
• 3:06
  Dude, why did you just get unlimited? I've got unlimited data. I'm not good with Edmund, okay?
• 3:12
  It was telling me to do this, do this, press this button and I was like, I'd just go in because I
• 3:16
  find it overwhelming as well. I just went into the store and I was like, look, I need unlimited data.
• 3:20
  I need calls. I want to do running. I was in Spain at the time of France or something. I was
• 3:24
  overseas and I was trying to get it to work anyway. Anyway, sorry. Well, silver lining.
• 3:32
  Oh, please tell me there's a silver lining. It won't happen again.
• 3:35
  Really? Well, hopefully. Do you know how many times this should have happened to me? Like,
• 3:39
  not returning DVDs and then all of a sudden bake-ups on my ass or like... DVDs? How old are you, girl?
• 3:46
  It was actually the receptionist. It's not returning library books, you know?
• 3:48
  Oh, sorry.
• 3:53
  So...
• 3:54
  Did anything happen in your week?
• 3:55
  Sorry, I just come prepared with finance. Okay, cool, cool, cool.
• 3:59
  You know, great. You can't compete with life news. I come with finance news.
• 4:02
  Sure, sure. I'll come with... I'll make sure I invent your out.
• 4:07
  Yeah, you might need to. You might need to just, like,
• 4:11
  live a little bit. Get a life, maybe. Get a life, though, as well as researching finance.
• 4:15
  I know. So, lots of fun stuff has happened. So, we met with this lovely girl. I went for a drink at
• 4:23
  shortage house. She was in town. I wanted to have a meeting. Anyway, it was funny. We were like,
• 4:28
  oh, should we get some snacks? And I instantly knew I was like, Sophie Horricks,
• 4:31
  I want... Oh my god, Sophie Horricks, gonna want to get the $1 million tips.
• 4:36
  That's the most basic thing. It's like this beautiful, like, sushi, like, yeah.
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  I thought that you were being a bit sass queen on the Guajalmoli because you were like,
• 4:47
  I don't know, but then you... It's like ordering bread. No, it's not. I find, you know,
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  it's kind of a bit like, it's avocado and corn chips. See, I'm a Mexican at heart. Yeah.
• 4:56
  I was, I've definitely was in the Mayan times. Yeah. That's like their Indigenous
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  anxious age and like culture. Okay. When I was in Mexico, I just thought I am Han.
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  Anyway, the point is, when you said, oh, do you want to get guacamole? I thought you were trying
• 5:11
  to like fold off like, Sophie wants guacamole, but secretly, you wanted it. It was good guacamole,
• 5:17
  it was... Yes, I'm a bit of a sticklifer. I'm a bit of a per... What's the word? You know
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  when you're a bit... Fussy? Yeah, I'm a bit fussy with my guacamole. I like it big chance,
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  almost just like chopped up avocado. Oh my god, it gets it. With dab, this is onion, tomato,
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  and it's like just... I like it fresh, basic, yeah. This is so funny. I think guacamole is my
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  number one skill when it comes to food. Like, I often, I'm like, oh, I'll bring guacamole,
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  and then, honestly, maybe only six months ago, that told me that she hated my guacamole.
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  I was like, I had no idea. It's just like, it's like whipped avocado. I know, I miss it a lot.
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  It's like cream consistency, which some people would like, but I just... I think you're on there
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  normally. I reckon most people like my guacamole. It's like if I'm out at breakfast and they're like,
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  do you want avocado on the side? I'm like, yes, I'm going to bring out and it's like a dollop of
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  guacamole. I'm like, no, no, I said avocado, that's guacamole. Do you know? I'm one of those. I think
• 6:19
  Fussi's the order looking for Fussi, yeah. Right up there, yeah. I know. Probably.
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  Anyway, why I'm talking about this is that, do you remember Guzman and Gomez? Yes. Yeah, so they
• 6:31
  IPO this week. Did they? Are they still in New Zealand? Because I remember there. Yeah, they're
• 6:36
  not chose. Mainly in Australia. Yeah. They're not in New Zealand. Australia, Singapore, Japan,
• 6:41
  New Year's. Oh my God. All right. So this is from Sydney days. Sydney days. And for those of you
• 6:45
  don't know, good. Oh my God. You got it. GYG. Guzman and Gomez. For those of you don't know,
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  it's kind of like a really, they're probably going to hate me. So it's like kind of like a
• 6:58
  Mexicali, but nicer. It's just like a nicer Mexican. Do you know what it is? It's good
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  Mexican takeaways. It's not like shitty fast foods. Yeah, Mexican takeaways. It's like fresh.
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  I don't just taste it. It's young. Yeah. Yeah. So anyway, they IPO this week.
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  Is it owned by? Is that like a big company or? Yeah. So the founders are still there and as well
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  as a private equity company. That's the reason that IPO's was that the private equity company wanted
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  to sell some stocks. So they IPO. Are there founders Mexican? They must be. No. So this is the
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  funny thing. They don't have a Mexican bone in their body. No. They're two finance guys. No way.
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  And they just obviously saw a gap in the market. It started. Can I love that? Is that weird?
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  And the share price was up 40% in one day. I reckon I'd back it. If anyone's living in Australia,
• 7:49
  could you give us an update on the quality of Guzman and Gomez? I'd love to care if it's still good.
• 7:54
  Because sometimes when you get scaled, it can turn to shit. Because when we were there,
• 7:58
  it would have been like six, seven years ago. And it was delicious. I mean, it can't
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  go on that downhill after IPO. Right? No. Yeah. Exactly. I mean, they've got huge ambitious role
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  plans. Yes. So they IPO, they've done really, really well. And this is off the back of like,
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  there's been like a global glut of IPO's like the markets haven't been doing too well. Everyone's
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  kind of paused things. And so to come out of the gates with this like amazing IPO in Australia,
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  everyone's like, yes, IPO like season is back. And it might pave the way for some other Australian
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  IPO's or companies that were sitting there going, should we, shouldn't we? So really good. And
• 8:35
  it's good. It's a sign of a healthy, healthy economy, a healthy country, healthy market is when
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  you've got lots of really, really good IPOs. And yeah, the fact that it was up 40% in one day is
• 8:47
  just crazy. But this is comes back to like invest in what you know. How do you see? Oh, what you love.
• 8:50
  I think you can tell it that invest in what you love. I love nachos. Yeah. I want to invest.
• 8:56
  Molly. As of Mexican. I'd love to invest in Brisbane and Gomez. Yeah. Can I invest
• 9:01
  whereas you can now? Yeah, it's on the ASX. So Australian stock exchange. I don't
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  know if I invest in the ASX. Yeah, I've mainly invested in US companies, to be honest. But yeah,
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  you can invest in it. I'd like to diversify myself into Australia. Yes. Anyway, they raised about
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  $300 million. And part of that was yes, like you said, to be paid back to private equity,
• 9:23
  who invested in it for a while. And part of it was used to grow, they're going to grow the stores
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  from like 200 to 1000 over the next 20 years. But this is kind of a good sign. You don't want all
• 9:36
  the money to be going to paying out existing shareholders. Because then there's no money left in
• 9:41
  the business to help it grow. You know, this only makes sense now that we've done a capital race.
• 9:45
  Yeah. Because I think that like if we're raising it, we're going to external investors just to,
• 9:49
  because we wanted to take money out. There's no money. It's just like a transfer of wealth.
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  Well, also I guess the way to think about it as well is like that money's not going to grow the
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  company. It's not going to change anything in terms of increasing the share price because it's
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  purely being taken straight out. Yeah. Which defeats the purpose. Like why would you ever give
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  someone money if it's just to go like that's yeah, I don't know. But that didn't make sense to me
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  really until recently. Because you you want to be investing in companies or buying shares or
• 10:19
  giving a company money. If they have big plans that you're like, yes, get it. You're going to be
• 10:26
  huge. You're going to do this. Not like Victoria Harris wants to take some money out of the
• 10:30
  curve to buy a boat. You'd be like, why would I give you money for that? Exactly. Yeah. And then I
• 10:34
  obviously doesn't seem to buy as I just fuck off. I'd have less than less to do with the business.
• 10:38
  Can't imagine a yacht by the way. I know. You'd need a skipper. Yeah. You'd just come with me.
• 10:44
  I'd be my skipper. I love that you think I know how to do it. No way. I've been hitting the head
• 10:48
  with like a boom pop before. Oh my god. Same when I was a seascaught. So many times.
• 10:54
  A seascaught. A seascaught. I love seascaughts. I was like so anti-girl guys. Did you have a
• 10:59
  little like a little scarf? Can you find a fire? And I remember rolling it up and then you're
• 11:03
  freaking out. No. And then you go. Yeah. Yeah. I was ahead the day. Can we get island to get some
• 11:08
  photos out? I was like, and you have like different levels of like, oh my god. I can't remember the
• 11:13
  names. You have like first mate, like you know, like you climb it right. Wait. So you learned to
• 11:18
  actually say it all. I was sailing. Yeah. We capsized out in, out in O'Recky in Auckland. And I was
• 11:24
  with this other guy. And I remember being like, I thought I was scared of sharks. And he went into
• 11:28
  full panic mode. And was like freaking out. And I kept my cool when I said, oh my god. And then we
• 11:33
  got, you were like completely upside down. But it's quite funny. But I take everything I said.
• 11:38
  You could totally hit it off. We did like everything from sea to light. We could move
• 11:44
  up. But I am happy for you. Yeah. And one of my first war friends was another was a seascaught
• 11:50
  too. How old were you? I would have been like a living. How did you get boyfriend so early?
• 11:56
  Or like boy, you know what a boyfriend. No, but I don't feel like I got one until I was like
• 12:00
  seven. I don't even think it's 17. I think my first boyfriend was 19. Did I bloom late? Or was it like,
• 12:07
  oh no, that's not true actually. I did. I can't imagine now like kids, 11, 12 years old,
• 12:13
  having boyfriend. I'm like, actually I did have a, like there was this boy called, oh I won't
• 12:18
  say his name actually. But at my prime school. He's very nice. We'll call him Stephen. Stephen. And
• 12:24
  I would sing Savage Garden to each other. We'd hold hands and they're like, I want to stand.
• 12:30
  You are a mountain. Cute. Oh my gosh.
• 12:35
  What did we find out? How did we even get to the top of it? Okay. Anyway, the company's now
• 12:45
  worth $3.3 billion, which for a Mexican fast food chain. Huge. Quite crazy. Yeah. And the
• 12:51
  co-founder made 250 million in one day. But he didn't take it out, right? No, but he's like,
• 12:56
  on paper, he's made that much, which is quite incredible. Yeah. Well, we saw an IPO's,
• 13:02
  Golden Goose, which we spoke about a few weeks ago. The vodka brand. Shoes. Shoes. That
• 13:08
  starts with the stars. Yeah. I did the same thing last time, didn't I? Yeah, you know.
• 13:14
  Creature of heaven. They have paused the IPO. It would be sorry, but it would be great if I could
• 13:20
  get some good habits, like not just shit. You know, you'll get that on. Speaking all of it,
• 13:24
  then you'll want to join a habit challenge. We'll put details in the show. I see. Yeah. Thank you.
• 13:29
  Golden Goose, the shoe company, has paused its IPO. Great. Because they were not doing well,
• 13:35
  weren't they? Well, no, they were, but the company that was the private equity company that was
• 13:39
  selling Golden Goose to the public markets had had a pretty bad trick record. They had listed Doc
• 13:44
  Martin's and they hadn't done well. So why have they paused it? Well, they're saying market
• 13:49
  conditions, which is like, it can be a combination of there's not enough investor interest.
• 13:55
  It's like they've got a nice personality. Yeah. Yeah. Yeah. Exactly. Yeah. And you're sitting
• 14:00
  there going, cool. So you think I'm not hot? Oh, my God. You know that amazingly funny chick,
• 14:07
  she's sitting there being like, when he says that you have, when he sees these interpersonal
• 14:11
  realities, not looks, and you're sitting there feeling low-fi ugly. She is. I love her. I love
• 14:19
  her. Anyone that has not seen her, oh, fucking hell, like she is classic. The woman she's in the car
• 14:25
  and she's like, it's like, you're like, shit, pop song comes on. You're having a fight. It's like,
• 14:29
  can you keep up? Yeah, no, but you're trying to be like into the conversation here. The other
• 14:33
  one when she says he loves your personality. So you show him six others. Yeah.
• 14:41
  All the girls left. Get it. Get it. Get it. Yes. Golden Ghost has paused their IPO
• 14:48
  due to market conditions. They said it's like the European elections for each election. You
• 14:52
  know, there's a lot of elections going on and a lot of market uncertainty. Let's just pause it.
• 14:55
  So I don't know. But it's not a good sign. Is the equity equity, the private equity company
• 15:00
  just holding on to it basically? Yeah. Yeah. But I, like, this is never a good sign. If an IPO
• 15:06
  does the rounds to try and see if there's invested demand, then pulls it, even if they came back
• 15:10
  until years time, there's still a bit of a real thing. Okay, well, you couldn't get demand last.
• 15:17
  It could be that they're financials. I don't know. They've just realized they've had a really
• 15:20
  shit year. So there could be a number of reasons, actual reasons, but yeah. Another thing,
• 15:28
  we've got some man little. Well, this is kind of like annoying, frustrating, like, what the
• 15:39
  fuck? Yeah. I don't even know. I think I know we are going with this. Yeah, I think I was so
• 15:44
  outraged that I had to share with so what we were going to talk about today because I was just like,
• 15:48
  honestly, found this article and just so perplexed. I just really, I, who wrote the article?
• 15:56
  Was it a woman? Was it a guy? You know, I'm an economist, which is like, but like, how does that
• 16:02
  get past? Like, how does someone pitch that? It's been not saying that they believe it. It's
• 16:07
  like statistics. Okay. Okay, okay. Let's just talk about this. Yeah. People are like, what are you
• 16:11
  talking about? Just brace yourselves if you're walking, maybe take a seat. Yeah. If you're holding
• 16:18
  a knife chopping stuff for dinner, just sit down. Yeah. Take a deep breath. There is studies that show
• 16:26
  that the thinner you are, the higher your salary. So the thinner you are, the more you earn, which is
• 16:36
  which, yeah, but hold on. Can you elaborate? Because is that saying like really amazing super
• 16:42
  models get paid? Heaps or like, where is that coming from? What are the stats? So it's the key
• 16:46
  thing here is in what they've kind of talked about in the article is around for women, only woman,
• 16:54
  the thinner you are, the more you earn. So the richer you are, the thinner you tend to be,
• 16:59
  that kind of thing. Whereas for men, there's no correlation. In fact, in like places like South
• 17:07
  Korea, the more obese you are, the more you earn. So it's this whole like why? Why is it that
• 17:14
  for no beast woman losing weight could literally boost her salary by as much as getting a master's
• 17:19
  degree? Say that one more time. So for no beast woman, losing weight could boost her salary as much
• 17:26
  as getting a master's degree. Okay. I'm just going to suggest something we do right now and I just
• 17:30
  need you to roll that. Okay. This is for all the gals out there now, one moment please.
• 17:35
  Oh my god. We're just going to scream. Yeah. Okay. This is just for all the gals.
• 17:46
  Three, two, one. Okay. I'm done. That felt good. So if we increased our weight by 10%,
• 18:00
  our salaries would decrease by 6%. Like it's just like what the book? And anyway, they've tried
• 18:09
  cross like all industries is the developed countries. So like yeah across across the world pretty much.
• 18:15
  And they've kind of tried to figure out why and traditionally, if you lived in poverty,
• 18:23
  it's harder to access healthy foods and effectively have education around what is healthy foods,
• 18:30
  what's not. And so therefore you tend to be a bit more overweight or obese. But then if that's
• 18:36
  the argument, that should apply to both genders, not necessarily woman only. So there's this whole
• 18:43
  conversation is like, yeah, why is it just woman? And I don't have the answer, but it's that's just
• 18:51
  this is the statistics. Is there anything about getting you more wealth or is it the people that
• 18:58
  have lots of money, a skinnier? Because I think there could be a car like, do you know what I mean?
• 19:06
  They've looked across all developed countries and gone, the richer you are, the thinner you are,
• 19:11
  thinner you are. So that's kind of what I mean is do you think it's that people that are
• 19:16
  wealthier, a skinnier? Yes. Rather than if you're skinnier, you can get wealthier. Do you know what I
• 19:22
  mean? Like as in correlation versus isolation? Yeah, yeah. I'm just wondering if it's like, because
• 19:27
  this is a weird example, but I nannyed when I was at Sydney. I like, it's a long story, but I didn't
• 19:32
  have a contract renewed when I first moved down. It was just like very stressful. And I was like,
• 19:36
  do you know what? I'm skinning Annie for a bit. And I nannyed for this family who had a huge amount
• 19:40
  of money. And they, the kids were like, I felt really bad for them, because the parents were quite
• 19:47
  disconnected. And anyway, the mum was so thin and she only really drunk wine. And like, it was
• 19:54
  really sad. And you know, I guess the reason I'm saying is there's so much pressure
• 20:02
  I think on women needing to look a certain way or whatever it's like, you know, keep their
• 20:08
  husband or keep their partner like, what is this is getting at is the fact that like we
• 20:15
  even like wanting to get Botox and get rid of wrinkles and let you know, we're very
• 20:21
  focused on exercising, eating healthy, a pair of that appearance. And therefore that plays into
• 20:30
  out earning capacity, which is so that's why that's why many. Is it out earning capacity though
• 20:35
  or is it? Yes. Yeah. So it's saying that here, it's saying that if increasing your weight by 10
• 20:41
  percent results and it's 6 percent decrease in your income. But the example you're talking about,
• 20:46
  she's not earning a salary. Yeah. She's just wealthy by like assuming marriage. Yeah. Yeah. So
• 20:52
  it's this is this is an earning capacity thing. So I don't know, it's just like, oh that's
• 20:58
  yes. And there are fixed worsens as you get older. So yeah. Do you know what? The whole
• 21:05
  like dad bod thing drives me up. Yeah. Yeah. That we're and by the way, I'm not saying there was
• 21:11
  mum bod. No, that's exactly what I mean. I'm not saying there's anything wrong with a dad bod.
• 21:16
  Like at all, I'm just saying it's so annoying that we've fetishized the dad bod. And yet the
• 21:21
  mum bod is like, you're not supposed to bounce back. Oh, I'm just like, yeah, I know. Okay,
• 21:26
  we're going to have to move on from this because I'm getting really well. Yes. Yeah. No, it's
• 21:29
  pretty freaking like, and do you know what I'm sorry? Can I say one more thing? I think what's really
• 21:35
  shit is that in my head, I like, I'm very aware of try every time I think to myself, oh, like,
• 21:43
  you know, I put on weight and I don't put my pants or like, you know, because I have, I don't
• 21:46
  fit a lot of my clothes that I used to like a year ago. And I, it's such a, it takes so much
• 21:53
  willpower every time I spiral down the hole, like feeling bad about how I look to get out of that
• 21:58
  hole, to not act on that or to not feel like I need, it's like, my body's beautiful. And I should
• 22:04
  really intrinsically know and feel that. But like, yeah, I, they're like generations of
• 22:11
  oppression on woman and what our bodies should look like. It's really, I do find like often I have
• 22:15
  to like, really actively move myself out of that mindset of like, yeah. And I just, I just don't know
• 22:21
  if that's something that men have ever experienced or feel, because it's never been like, I mean,
• 22:27
  I'm sure there's a lot of men that have got, you know, body, like, to small for your issues,
• 22:32
  with how they love it. For sure. Like, I'm definitely not saying that this is like a gendered thing.
• 22:36
  I just think it sucks that like, the success and happiness is connected to your weight because,
• 22:43
  well, success. No, this is, yeah, but I think what I mean is like, we're kind of told that like,
• 22:49
  how to look, you know, nothing feels good as, nothing tastes as good as skinny feel, you know,
• 22:54
  as if you're gonna feel good from being thinner. But actually, like, if I think about the times
• 22:57
  that I've been, my thinnest, I've been the most unhappy. Yeah. And it's all about being
• 23:03
  irrican for me, like healthy, do you know what I mean? Like, you can be unhealthy and overweight,
• 23:09
  but you can be unhealthy and underweight as well. Well, you've experienced that in the last six
• 23:12
  months. And it's like, I feel strong. I feel fit. I feel healthy. And like, when you're out and have
• 23:18
  a weekend and eat shit food and drink alcohol and all of that, I don't feel sorry. I was meaning,
• 23:24
  you like got to a point in the last six months, where you know, like, you were so stressed that you
• 23:29
  lost heaps of weight. And like, you weren't happy. And it's funny. The people that like, comment
• 23:33
  in a positive way. And it's like, and I'm kind of like, I don't even know what to say. I'm like,
• 23:38
  thank you. But yeah, it's, it's so weird. It's like this weird. People always comment on your weight
• 23:45
  as well. Like, it's like, I can't imagine imagine if you like, you just heard two guys. Oh,
• 23:49
  your pants look low. So when would that ever be a comment? Okay, let's move on.
• 23:54
  Sorry, yeah, we just don't have it all with us. So jumping back to IPOs. And remember how I
• 24:00
  said it was, I had good sign of a healthy economy, healthy market, healthy country, the UK,
• 24:05
  and London is really struggling with IPOs. It's like, lowest level, it's been in years. And so what
• 24:12
  the financial markets here has decided to do is like loosen the rules so that companies,
• 24:17
  it's easier for companies to list on the London Stock Exchange. Do you think that's the reason
• 24:20
  people have stopped listening? Like, because it is too annoying and difficult. Well, I just think
• 24:24
  when you're when your market is not doing well, your stock market, it's like, why would I list
• 24:29
  on that when I could listen to you? And it's doing fantastically well. But it's such a vicious cycle
• 24:33
  because as soon as something does, do you know what I mean? It's like, it's like for there's an
• 24:36
  empty restaurant, you want to go support it, but you also want to go where there's more people.
• 24:41
  There's a line and yeah, 100%. But there's a great Warren Buffett quote. And it said, it takes
• 24:46
  20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things
• 24:51
  differently. And this is exactly what everyone's saying about London. They're like, okay, if you loosen
• 24:55
  the rules and you get some really bad shitty IPOs or dodgy or corrupt or like, you know, companies that
• 25:04
  have forged their accounts because your rules are so relaxed. You know, you case like a financial
• 25:12
  hub of the world. And it's almost built its reputation on being so strict and being so proper
• 25:18
  and be having all these rules and regulations. And so there's this whole, I guess, push and pull
• 25:25
  of like, yes, but they need more listings. But no, anyway, yeah. So like, one of the things that
• 25:30
  they're dropping is the fact that a company has to show three years of historical financials,
• 25:36
  which like three years is not a lot. I would want to see three years. So for a person investing
• 25:44
  in a company and you're only seeing one or two years, it's like, you can massage one or two years.
• 25:49
  Do you know what I mean? Yeah, anyway. So yes, it might backfire, but we will see also the reason
• 25:56
  that we're getting back to what you're talking about about like, why is that? It's mainly Brexit.
• 26:01
  And just like the shitty governments that they've had over here in terms of like, how many people
• 26:05
  have they had lead this country in the last six years? I think Brexit was, yeah. Brexit's the
• 26:11
  flow on effects. It's crazy how it's still. I would love to go back to everyone that voted.
• 26:17
  I remember when the European Union was like, created all the euro, like I remember, we would,
• 26:23
  we would have French, France, like every country had their own currency. And then the euro was
• 26:29
  introduced. And it was like, then you just had one currency. And I remember trying to comprehend
• 26:34
  it when I was little. And I was like, so what like, you don't have your own currency for a country.
• 26:38
  It's like a region and like, yeah, that is really weird. And I mean, like playing with old coins
• 26:42
  of a French, France and just like, they're redundant. They're like stroking her. I remember
• 26:47
  having my name for my young age, you know, of like, leftover coins from his travels. They
• 26:51
  were just like, and it was just, yeah, I hope you washed your hands. Yeah, no, three croissants.
• 26:58
  Do you touch on average eight penises in your life without actually touching them? Honestly,
• 27:02
  you are the most rogue person ever. Like, some time rails, like, wait, say that again,
• 27:08
  what would you touch it? You touch on average eight penises without actually touching a penis.
• 27:12
  Yeah. No. Yeah. Quite gross, say. In your lifetime, in your lifetime, yeah, yeah.
• 27:18
  Oh, okay. So like, that's, okay, that's quite a lot more rare than others.
• 27:21
  Yeah. And also to find touch, and there's something like, you drink two liters of urine from
• 27:26
  like public. No, okay. I don't want to know any of this. That's just right along. I'm like,
• 27:31
  really ignorance is bliss when it comes to diet. Because I'm already quite like, I wash my hands
• 27:36
  all the time. Oh my god. I'm sorry. I'm just like, thinking like something in a pool and like,
• 27:43
  another news, Revolut. Yes. Yes. So they are a private, a private company, don't get excited.
• 27:50
  But they're looking to sell about $500 million worth of equity. So that's like stock.
• 27:55
  Because they've got existing investors that want to sell. And so when you're not a public
• 27:59
  company, you kind of have to do transactions like this. And because there's such a big company,
• 28:04
  it's made the news. So how are they doing it? So you do, you would go to a broker and you'd be like,
• 28:12
  hey, look, we've got $500 million that investors want to sell. Can you go find a buyer? And so it's
• 28:19
  mainly because they're staff, they've given staff shares. And then staff want to sell. They've
• 28:24
  been around. They've been in the business for a long time. And because there's not an active
• 28:29
  market, like a stock exchange where staff can do that, then the company has to create a market
• 28:36
  effectively. You can do it once a year, twice a year, you could just do it at Hawk whenever you want.
• 28:42
  So yeah, but the size of the company, and every time you do that, you have to value the business.
• 28:46
  Revolut for anyone who doesn't know, it's like a neo bank. It's like a digital bank. It's actually
• 28:50
  just launched in New Zealand like a year ago, but it's massive over in the UK and you're at 40
• 28:55
  million customers it has. I love the digital banks. Yeah. How easy is your bonds or the other ones
• 29:02
  that jump on and be like, split this bill like it's easy. It's like, and I've come from the last
• 29:07
  time I went into a bank teller, like, do you know what I mean? I can just do it all on the app.
• 29:10
  I can chat to them. I can yeah, it's pretty good. But sometimes in person's better, sometimes in
• 29:18
  person. Oh, with the EU, yes. Just thinking about my bill. Yeah, you know, like admin for me is
• 29:23
  quite difficult. So I don't mind being able to go and talk to someone. Yes. No. Yeah.
• 29:27
  Let's put that away. Revolut is not IPO-ing. And it's valued at 40 billion dollars, which is the
• 29:33
  same size as Lloyd's bank. And she's just trying to get over research. Yeah. Yeah. Cool. Thanks.
• 29:39
  She's like, no, no, I spent time doing this. You will listen. You will listen. Do you know they
• 29:43
  don't even have a banking license in the UK? Yeah. So they can't lend money like monzo and
• 29:48
  styling. That's good though. I think because it's like, they've been waiting three years for
• 29:51
  banking license. So this is like, we need to get regular in time that we can talk. No one
• 29:56
  even knows what regulated means. This is this is in house chat. No one understands it. Well,
• 30:00
  it just gets frustrating because we obviously want to be like more open about finances money. But
• 30:05
  there is a line where it's like, we have we're education. We're not giving advice. So it's like
• 30:10
  fine line. Before we round up, we have our 30 day. What about that? Before we round up. Oh,
• 30:17
  God. Before we wrap up, we have our 30 day challenge starting today. We do. And so this is
• 30:24
  something that can I spoke about last week on the podcast. We're basically trying to incentivise
• 30:30
  our own good behaviour to like pay ourselves. Oh, I didn't transfer mine this morning. Jesus.
• 30:36
  So starting today, if you're listening, it's up to you. You can join us all the details in
• 30:39
  the show notes, the podcast or you can go like our Instagram and have a look. But basically it's
• 30:44
  you can choose anything. It might be you want to go swimming three times a week. It might be
• 30:48
  read like five pages of your book every night. Yeah. And it's just like, if you do it,
• 30:51
  even though you do it, you transfer how much you've decided. So it might be five dollars.
• 30:55
  Well, swimming a week that doesn't work. No, you can. They can do it three days a week for the whole
• 31:00
  month. You know, it's like whatever. I don't feel like they can't join in. But I did like
• 31:06
  a test trial this week, because mine is getting up at the same time going to bed. It's such an
• 31:11
  over two or doing like three things. No, it's not. You do all those things anyway. Like you literally
• 31:16
  do this and more every day of your life. I choose one habit. So I'm like, I'm going to do this,
• 31:19
  this, this and this. I reckon anyway, the point is I've only done three out of five days and I'm
• 31:23
  quite sad about it. Oh, no. Well, we're starting now. So yeah, that was like my practice room.
• 31:29
  I just find it quite awkward like to be really strict on stuff sometimes because it's like if you go
• 31:34
  to an event and you're like, Oh, no, go to get home to bed. You know, it's like it's yeah, I know
• 31:39
  see you do that. I'm sorry, I made a conversation. Sorry, it's I know she looks like someone
• 31:47
  will order wine. And she's like, God, God. That's like the other night. I said to my friend. I
• 31:50
  said, No, she looks at the window. It's like light. And it's because it doesn't get dark here now
• 31:55
  to like 10 pm. And I was like, don't look at me like this is not normal, which is because the
• 32:00
  light changes. No, you're just super dedicated. It's impressive. But if you have. So what are you
• 32:04
  doing? What's your one? Walking in the morning. Walking in the morning. Exercise in the morning.
• 32:08
  Yeah. Okay. And then you translate. And read five pages of my book a day. Okay. Cool. Love that.
• 32:13
  So if you want to do it, we'd love to know what you're doing. What's the habit you're trying to
• 32:17
  implement and how much you're going to transfer. And then basically at the end of the 30 days,
• 32:22
  you can do whatever you want. You can invest the money. You buy something cute. But we're like
• 32:27
  making it a thing. So we've both set up our accounts on our online app. Basically,
• 32:32
  mine's called My Feel Good Fun. Yeah. That was a good fun. Yeah. That was a good idea.
• 32:35
  Yeah. And yeah, if you want to join, quite fun, I think, to just like,
• 32:39
  well, I'm desperately needing it. No, it's good. It's like because a little amount adds up. And then
• 32:44
  a little habit also adds up. You're like paying yourself to good habit. Rather than
• 32:49
  yeah, spending money on shit habits. Yeah. Bye. Bye.
• 32:57
  Thank you so much for listening to The Curve Weekly. Make sure you hit the subscribe button
• 33:00
  to stay up to date with all the many business stock market news. And if you like what you heard,
• 33:05
  well, you would love a review. Thank you. Yes. We would love a review. If you didn't hate it,
• 33:10
  please don't leave one if you hate it. No, but in all seriousness, could you please leave a review
• 33:15
  because it really helps other people find your cute little podcast. And we hope you have a good
• 33:19
  week and see you next Monday. Bye. Bye. See you next Tuesday. Well, see you next Tuesday. I mean Monday.