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The Two Hottest Investments Right Now. · The Curve

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Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
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business in stock market, too.
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Brought to you by the Curve's research team, that's the latest insights on what's happening
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in the stock market, companies, other money related news so that you can stay educated and
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ahead of the curve.
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You can thank us later for sounding smarter than those finance bros that you need to
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tonight party.
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Okay, Vic, I went to an event last night and I have to tell you what happened.
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Please.
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So, okay, like a fun event.
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It was quite a fun event.
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It was in a really amazing location in, like, Farrington, which is the center of, like,
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here looks really great, too.
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I think she did such a job.
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Yeah.
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God, why does hairdressers always make you hair look great?
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Okay, so here's the thing.
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I actually left the hairdresser and I thought that was so much money.
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I spent probably like 250 pounds.
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Yeah.
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But I feel, I know this is the, you feel 500 of feminism, right?
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Like, I know you shouldn't be paying to any ceremony, look at it in a way, but I feel confident,
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hard.
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I remember when I got my hair done a while back and I was like, text flaming, I was like,
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let's go for dinner.
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I feel fat.
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You know, like, you just want to go and show the world.
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Yeah.
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And also with friends.
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When I see a friend that's like done her hair that night or something, I'm like, you're
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not great.
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What have you done?
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Every time I run a straightener or anything through, people are like, oh, it looks good.
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I'm like, yeah, thank you.
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I just did something to her.
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Yeah, yeah.
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Is the link in the description for YouTube if you want to see subs here?
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Yeah.
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It's sort of giving a bit of do a leap energy, you know, and she like did the sort of
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mints and cheese look with the really blonde and then, you don't reckon.
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I mean, it wouldn't be my first thought.
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No, no, no, probably, you don't like do a list, that's so rude.
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So anyway, blonde and blue eyes, but, yeah, do a leap ahead.
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Yeah, you take it, babe.
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The only reason you're getting chute is because this is your like, who, you know, your
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favorite celebs crush.
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Oh, no, it's not.
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It's Kendall Jenner.
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No, I want to be do a leap ahead.
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OK, do a leap ahead.
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Yeah, yeah, sorry.
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OK, do a whirlwind.
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Yeah, I'm like, what were you looking at?
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Podcasts are.
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Oh, so Emily and I went to a podcast event last time and it was all about, so for Patreon,
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which is kind of a place where a lot of creators, like some of the biggest podcasts in the
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world, host extra content.
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So for people who basically want behind the scenes, extra episodes, blah, blah, blah,
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it's hosted on this platform called Patreon.
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Point is we're at this event, both of us arrived at Fairylight and like, creeped up to
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the front because the only seats that were free were at the front row.
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It's like a comedy show.
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Yeah, no, it's really embarrassing.
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Anyway, afterwards we're mixing and mingling and making friends with all the podcast
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nerds and I started speaking to this guy, which full transparency.
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I had already noticed and thought, quite cute.
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And then we started talking, no, why are you embarrassed already?
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Oh, because I'm just, I can just, I can see it.
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He's probably not listening to this podcast.
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No, I can't see you at the event.
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What do you mean?
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I don't know.
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Am I that obvious?
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I, I, you're probably more transparent to me.
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Like the event we had the ice house, you're like, big, big, which one?
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They're guys, they're guys.
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I was like, that is so unfair.
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You're making it like a no game at all.
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Wait, which, which event was that?
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I was sitting next to someone who was quite good looking and I was like, oh, yeah,
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I'm sorry, my co-founder and I looked over.
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She's as free tables away and she's like, and I was like, um, yeah, that's my co-father.
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She's just really stoked to be here.
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And then I was sitting next to like an 85 year old and you were just happened to be
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sitting next to the only guy that was hot at the event.
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I was like, if she's not making headway over there, I just will initially just give up.
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I'm sorry.
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Oh my god, that's what I was really uncalled embarrassing mom on the sidelines, you know,
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and it's like, go, go, you can do it.
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Anyway, that was when you were having a relationship break.
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I think to be fair, I wasn't trying to like fly myself over here and be like, you know,
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ever time.
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I was being like a she-flirting.
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Anyway, we move on.
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So at the event, started speaking to the sky afterwards, he was like, oh, what's your
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background over there?
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I used to work in radio and he's like, oh, yeah, like what shows?
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And I was like, oh, you probably wouldn't have heard of it, but the show called
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Carl and Jackie O and he literally goes, you're nine.
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And I was like, nine, what?
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Okay, so context, when I worked on that show, my nickname was nine.
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Like they called me nine.
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They came in for no.
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What is that nine?
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Nine.
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I cannot believe that's where you went with that.
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No, absolutely no, I was not for that.
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No, we all got weird nickpames.
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And the first day I got there, I must have made me fit with my looks.
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Cause like it was like nine out of 10 and I must say I was like, oh, because so many
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of the producers had terrible nicknames.
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So I was like, kind of stoked.
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Like anyway, he was like, you're not.
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And I was like, what?
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Like honestly, it was like two worlds colliding.
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I was like, that is honestly just the weirdest thing.
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Cause also you don't use your real name on radio, right?
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So like, he wouldn't have known my name or anything.
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He said, when you asked a question at the end of the presentation, I literally said,
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I know that girl.
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Isn't that the weirdest thing?
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So he listens to that podcast every single day.
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So he listened, knew from when I worked on the show and recognised my voice.
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And as soon as I was like, I worked on Carl and Jackie, I was like, you're nine.
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Wow.
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It was just bizarre.
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Like that didn't even happen in Sydney.
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So you still get mentioned on the podcast?
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No, no, this is from, he remembers from like six years ago and he's
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British, like, which is the weirdest thing?
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Cause most people don't listen to shows like from the other side of the world.
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I really hope he's not listening to us.
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It'd be so embarrassing because I feel like because I did meet him last night.
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He might be like, oh, what's her podcast like?
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And then listen and just feel like, cool.
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Good to know, awesome.
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Oh my God, that K, we, we must talk about Greece.
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How was your trip?
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Good.
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Also for leaving me in the lurch on the last curve weekly.
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Oh, I know.
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Sorry.
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It took us, I genuinely was scrounging around this Greek island, trying to find
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Wi-Fi that wasn't outside.
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That was aesthetically in a good, oh, and I was like, you know what?
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Sometimes you just have to take a holiday, put a towel between your legs and be like,
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I'm sorry, yeah, you know, rather than fumbling.
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Anyway, so there was no Wi-Fi at the hotel that we got at, which was first.
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We were pretty effed off it.
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Who doesn't have Wi-Fi in these days?
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They were like, oh, we've been trying to get it fixed for weeks.
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I was like, no, seriously?
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I know.
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It's like, it's pretty weird.
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Well, it also, you realize how much you rely on it, you know, everything is just a
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roadblock.
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Anyway, so there was that, and then the guy, bless his heart, the owner of the hotel was
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like, oh, you can come down and use my laptop and plug it in, because it's in the, and
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I was like, I mean, it would have to do.
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We're quite funny, quite a good gag sitting in the office of this hotel.
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And then we woke up that morning and the fans stopped working.
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Oh, God.
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At like 7am, I was like, weird.
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And then the lights weren't working and I went down set and like the whole island had
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no power.
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And I was like, so when do you expect it to work?
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They're like, oh, in a few hours, which in great time is like a few days, you know,
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like it's everything so slow.
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And then they got it back just in time and then it happened again and I was like, oh,
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I'm sorry.
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Yeah.
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So really apologise for that.
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I mean, thank you so much, just so I figured out who filled in for you.
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She did an amazing job.
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With this podcast, like, unreal.
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I was running this morning.
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I was running, but this guy, this isn't a really not a podcast story, but anyway, this
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guy was ran so close to me, to pass me, and I was like, got such a prize in the morning.
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No one's around.
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I was like, you know, the little thing you could do, mate, is like, just give me a bit
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of space here.
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Give me a wide burst.
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Yeah.
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I was just like, honestly, it's not funny, I just think it's a wide burst.
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I just always think it's the funniest, like, but I'm just like, when it goes running
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by myself and the morning, it's really not okay.
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I'm creeping up behind her and like, you know, I run part anyway, but that would freak
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me out so much.
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Yeah.
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Just put you on edge, you know.
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Yeah.
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No, no, not good.
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You're like scary dog, dog with you.
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She was eating some food in the mouth back, yeah.
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She's not on a lead.
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No, we're not along with now.
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But can I just say one last thing before we get on to more important financial years,
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I was dog sitting me so last week.
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Yes, thank you so much.
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I wasn't looking for a public thank you, but you're welcome.
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And I was like, this could not be more of a carousel's dog ever.
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She wouldn't drink out of plastic tap away.
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She only drank out of a crystal bowl.
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And I thought, this potsy little bitch, she's just used to, yeah, honestly, she was,
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I was actually, she knew her bowls.
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I should have been watered.
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And then I thought, surely not.
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Surely it's not the vessel that I'm delivering the water in and it was expensive taste,
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just like her mother.
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Yeah, girl.
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I'm okay.
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What's been happening?
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What sort of news is going on?
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So we have had, we've had lots of companies report financial results.
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They help pick up the good ones, but yes, this is the time of year.
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Things might be a bit more volatile, stocks moving around a lot, a lot of news coming out.
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But one stock that is moving around a lot, well, moving down a lot, is Birkshire Hathaway,
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which is one buffer company.
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No.
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Yeah.
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So there she is, down about 14% since May.
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And that was when he announced he's leaving Birkshire Hathaway and you've got this other
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guy stepping in.
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So people are like, you know what, I just thank for someone who's been in that role for
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60 years leading a business.
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They just don't have faith in this new person coming along, which is kind of fair enough.
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The Birkshire Hathaway's done so freaking well.
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But also, don't you think if you've kind of shadowed Warren Buffett for like 30 years,
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you've absorbed a lot of how he invests and thinks about companies?
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Yeah.
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I agree.
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I think, I don't think this is the end of Birkshire Hathaway.
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I don't think this is a reason to be selling shares, but there will just be people that
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are like, you know what, it's done well.
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This is a big change and we don't really have anything to go off of what Birkshire Hathaway
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was like before him because it was like pretty much a long system.
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So people are like, you know what, there's other places to put my money.
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And the company is sitting on $350 billion of cash.
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That's right.
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It doesn't really invest in tech, tech stocks are doing fantastically, you know, it's kind
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of like, well, is it really going to do that?
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Well, it's an average return.
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So it has outperformed the S&P 500.
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And the S&P 500 is the top 500 companies in the US and we will explain all this jargon
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in the show notes.
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But it has outperformed the S&P 500 by massive amounts.
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So this underperformance hasn't happened in a three month period since 1990.
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So this company?
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Yeah.
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So like, this is quite, this might not be that big, you know, like it's fall in 14, the
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market's up 12% so it's underperformed by about 30%.
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That has not happened since 1990.
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So like, what am I 30, 30 years?
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Not great.
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Not great.
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Yeah.
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I feel like this would be a time that I would put a little bit in.
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Yeah.
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I agree.
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Sorry, I totally appreciate the idea of a really good CEO, someone that's making those
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executive calls.
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But there's no way that a company with that much money is being 100% led by only Warren
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Buffett, who is 175 years old, you know.
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But then you get these new CEOs and that want to kind of make the amount.
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Yeah.
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Which is so lousy.
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So much ego.
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So much ego.
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So much ego.
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So much ego.
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Well, it's set back and shut up Patrick.
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Patrick.
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Like Steve Jobs and Tim Cook, right?
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What happened?
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Steve Jobs bounded Apple and then stepped away and Tim Cook took over and it hasn't done
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as well.
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And he cooked it.
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He cooked it.
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Open A.I.
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So they're the company that owns Chatchy B.T., they just, yeah, sorry, I'm so sorry, I'm
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continuing.
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But I was just going to say, wasn't it?
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I'm going to say fundraiser.
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Wasn't it a charity?
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It was a charity.
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Yeah.
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Is it still?
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Yes, well partly.
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The whole debacle is that it set up, it was set up as a charity as a, as a, as a
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not for profit.
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It's such a young, like as if you were trying to keep that a charity.
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Well, I was kind of digging into this and I was like, and how do you then turn it into
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a profitable company?
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And it would be like the curve, like our mission is to financially educate women, like
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we want women to have equal opportunities, all of that.
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And then we're like, okay, there's a part of our business that we actually want to make
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a for profit business.
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So the technology, like our mission, the technology and everything is not for profit.
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And we will keep doing that.
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But there's parts of our business that will be for profit.
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So it's like, we might be like, you know what, the investing club is our for profit part
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of the business.
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And that's where we're going to, and that's going to be called, we're going to have
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the curve ink.
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And then the curve partners, I don't know, limited partners or whatever.
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So that can still be technically a charity though if you, if you have a party of business
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that is making profit.
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Or you can make money.
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And so you can make money pay costs, you just don't make profit.
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So you would just make that your costs, you're leaving it essentially.
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So yeah, or you, you just don't get, you make, you can make a profit, you just don't get
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taxed on it if you're, because you put those profits back into the business to keep
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growing.
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So not for profit is a charity in that you just, you don't, you get tax advantages because
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you don't, you're not effectively taking the profits and spending them and paying dividends
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to investors.
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There is no way to invest in a not for profit, because there's no company structure, if
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that makes sense.
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Sorry.
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But with open AI, so there's the think of the parent company as open AI ink, and then
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you've got like the little sister, which is open AI.
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And that is what owns chat GPT and is half owned by Microsoft.
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Anyway, that part of the business has just been values at nearly 500 billion dollars.
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So this is a profitable part, the profitable part.
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So this little sister business is 500 billion dollars.
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So open AI is now being valued at 500 billion dollars, which is the largest private tech
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company in the world now.
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And you run me through the idea of it being private.
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So is it the idea that this was, we were trying to make AI democratized, not biased, not
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run by someone for the, with the intention of something else, because this technology
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could be so game-changing and could have such an impact on people's lives.
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But if it remained independent, it could do what was best for everyone opposed to making
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decisions based purely on profit, is that kind of the intention?
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That was kind of, yeah, the whole mission was that AI should be for everyone.
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That was when, if we think back to when AI kind of became really normalized and common,
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that was the kind of the moment that they released it, the world essentially.
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But it was still with the intention of it being private, right?
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It's always, yeah, it's private company.
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Yes.
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Do you mean being a not-for-profit or private company, because it would be released to the
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world?
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I mean, that was always a plan.
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The technology.
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Yeah.
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That was in the not-for-profit.
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But sorry.
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And then they decided they wanted to make money off it.
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Right.
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So then they created this, what it's called, a limited partner structure, but it's like
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the little sister, like, think of like a little offshoot, a little growth, growth,
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union, thing, that they were like, you know what?
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We actually want to monetize this, because obviously, but I just sort of feel like when
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they've thought that anyway, is it some big, like, coup to make it seem like we're doing
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this for the people, and then actually he will want to make money.
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Well, you know what I mean?
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Yeah.
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It feels a bit like, obviously, that you were planning on, I don't know, maybe, I don't
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know anything about, I haven't done any research to suggest that.
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I'm just saying it feels very weird to me that they're like, we're not for profit.
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Oh my God, we've discovered it's profitable.
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It's like, you always knew this was going to change the world and be one of the biggest
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game-changing tech products of all time.
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Of course, you're going to try and make money out of it.
16:05
Yeah, yeah.
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But that's just me being pessimistic.
16:07
Well, it's been very fricking lucrative, like, ChatGPT is now earning, and you're recurring
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revenue.
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So that means that you know how you pay subscriptions for ChatGPT.
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It's now annually bringing in $12 billion.
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A lot, a lot of money that it makes from ChatGPT, and it's now the biggest private company.
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It used to be SpaceX.
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Oh, well.
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Now it is open AI.
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What?
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Microsoft owns heart.
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What?
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Can we just, sorry.
16:33
You can keep celebrating.
16:34
Sorry.
16:35
But I just want to know, why is SpaceX private?
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They don't need to be a public company.
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Like why?
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They don't need the capital.
16:42
Yeah.
16:43
We've got capital from other places.
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You also don't get scrutinized as much.
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SpaceX is such a capital intensive business.
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Like if you think of...
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That's times the price they don't need more money for the stock market.
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But like how...
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That's not the type of businesses that do well on the stock market, like airlines, for
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example.
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Because they need so much money to pull back, and that they can't really give them this
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just enough.
17:06
And investors get sick of asking for money all the time, and like, yeah, so like if you
17:10
think of tech companies, they have need no cash, essentially.
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You know, they generate a lot of cash, and they have a lot of profits yet their public
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companies.
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Because they want to be valued highly, whereas companies that tend to need a lot of cash
17:26
all the time, like a SpaceX, because you build them bloody rockets, it's like those
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companies tend to not be valued as well when their public companies...
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Yes.
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Also on this is there was a report out in the financial times about the staggering amount
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of investment needed to support AI.
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Like it is, and like I wish I could show you the image, but it was like just seas of
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data centers, just everywhere.
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Like if you think the top companies, like Meta, Amazon, alphabet, Microsoft, like they're
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investing $300 billion this year into AI.
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Like that's the sear alone, and we're just going to be like a planet filled with data
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centers.
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We're going to need, we need five trillion invested in data centers by 2030.
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So that's only in like five years time, like there's whole cities, just a farmland of
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data centers in the US.
18:25
Oh my God, that actually breaks my heart.
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There's like countries and regions in China that are just, they're not people, they just
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data centers.
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It's quite wild because it's going to look like from space.
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Imagine looking down on the world and just seeing like data centers everywhere.
18:40
Yeah, it's because the AI is just so energy-guzling and it's so you need like high powered
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chips, you need high powered like infrastructure, you need like this is why we still need.
18:54
You're not going to say, well, yeah, yeah, like we just don't have the capacity right
19:02
now within your energy to even cater to the existing demand, the loan what's going
19:07
to come in the future.
19:08
So all these projects that would have directly been turned off, we're like, oh God, we're going
19:13
to need them.
19:14
You mean projects as an oil and gas project, or like, yeah, if there's like a plant that,
19:19
you know, the company was going to wind down because it doesn't actually need it and there's
19:22
more demand for a new energy.
19:23
It's like, you renewable energy just can't keep up with that energy needed.
19:27
Yeah, exactly.
19:28
But also when I read this, I'm like, 5.2 trillion invested in data centers by 2030.
19:34
Ding, ding, ding, ding.
19:37
Yeah, so true.
19:38
So I was Googling like data center companies and like there's, there is an investing opportunity
19:43
here and we're going to speak about it in the club.
19:47
So yeah, if you want to join the club, there is a link in the show notes.
19:51
It is free for seven days so you can jump in and get those investing ideas if you want
19:56
and run away.
19:57
Yeah, we have to go.
19:59
Also on this though, related to this conversation is BP has, did you know that you definitely
20:05
did know this?
20:06
But the other day I was talking to someone and they were like, British petroleum and I was
20:09
like, what?
20:10
Oh, yeah.
20:11
British petroleum and I was like, oh my God, I didn't know what was called that.
20:18
It's also like, quantest, you know, that stands for, um, can I have a clue?
20:23
It begins with Q.
20:24
Oh my God, thank you.
20:27
It's a green sand and Northern Territory aerial systems or something like that.
20:31
Oh my God.
20:32
But like it's funny, the acronyms, well, yeah, things that you don't think are acronyms
20:36
that actually are any other examples.
20:38
Eddie, yes.
20:39
But that's not actually, is it?
20:42
I didn't even know if that was true all day, I dreamed about sport.
20:45
No, yeah.
20:46
I hope it is quite fun.
20:47
I don't think it would be.
20:48
No.
20:49
It was, no, the founder is Adidas, someone Adidas, yeah, he was German.
20:56
Um, nine.
20:57
Nine.
20:58
It is so fun to say.
21:01
Yeah.
21:02
I was at this comedy, this is where I got it from.
21:04
I was at a comedy show a few weeks ago and the lady was like, she was, she was talking
21:09
to these people in the front and there were Germans and, and then she changed to these
21:12
two girls.
21:13
And she was like, what do you do?
21:14
She was an accountant.
21:15
Oh, what's your favorite number?
21:16
She goes, nine.
21:17
And then she looks at the Germans and she goes, oh, you loved it, and it's so good.
21:22
It was so good.
21:23
It was just like so spot on, I was like, oh my god, hilarious.
21:27
Yeah.
21:28
Anyway, yeah, sorry.
21:29
We were talking about oil and gas companies and there's also news about British petroleum
21:35
BP that they have made the largest oil and gas discovery they've made in the 25 years.
21:41
So this is pretty game changing.
21:43
What do you mean discovered?
21:44
Like they've discovered oil.
21:46
The biggest, the biggest deep sea, sorry, the biggest deep water discovery in 25 years
21:52
that they've ever made.
21:54
Could you just backtrack?
21:55
So I'm assuming that they thought that they knew where all the oil is.
21:59
Is that the point?
22:00
No.
22:01
And they found a new spot.
22:02
Companies at BP shout they constantly discover, like exploring, exploring drilling, seeing
22:07
if there's oil, no move on, move to the next.
22:09
Like, and then they have discovered this massive, what part of the world is it?
22:15
It's in Brazil and it is 300 kilometres squared, which is, I was trying to put that in
22:21
perspective, three times the size of Paris, 24 he throw airports or five New York cities,
22:28
like that's how massive it is.
22:29
So obviously it's sheer price did well because they were like, cool, you're now going to
22:33
produce more oil.
22:34
But this might sound so stupid, but when you find oil, it's like a gold mine, right?
22:39
I know.
22:40
But is it just in the ground, like what do they find the stuff that they can then make
22:46
oil with?
22:47
Like, I know that sounds so stupid, but I think you, if you drill, you find it.
22:51
Yeah, like in the Middle East, right?
22:52
It's just like everywhere.
22:53
Yeah, if you go, if you drill down far enough and you say there's like deep water horizon
22:57
that movie where they blow up and you have people that live out on those like rigs,
23:02
well, which I'm just like, they live there, they live out on the, on the drill sites,
23:08
drill oil.
23:09
Oh, that's like, it's like a fly and fly out, you know, like the miners, they do it.
23:12
Yeah, it's so much for that.
23:14
And fair enough, because what would you spend money on out there, you know, like it would
23:17
be quite a good money saving hack.
23:20
Yeah, 100% and we have next podcast, we'll be from a drilling site in the Brazilian
23:25
ocean.
23:26
I mean, that's like the friends I know who had partners who have done the mines in
23:30
Perth and Australia and blah, blah, blah, such grueling lonely isolating work.
23:36
My uncle did it and he suggested I do it when I got out of university.
23:40
I would have paid.
23:41
So I saw I didn't know what I wanted to do.
23:43
So he was like, back on a seat, you get such good money.
23:46
All the girls, all the girls do is sit in the trucks, wait for the trucks to be loaded
23:53
and then drive the trucks.
23:55
And I was like, and probably get absolutely preyed on by every man within like a hundred
24:00
kilometer a years.
24:01
Yeah, I mean, I guess there'd be hardly any woman, right?
24:04
Like it would be, it would be like finding oil in a part of the world.
24:09
Yeah.
24:10
Like if there was a woman there, that'd be absolutely stuck.
24:12
Yeah.
24:13
I mean, quite good to be.
24:14
Oh my god to me.
24:15
I'm like, how got a second, the sound is great.
24:20
But you know, obviously it doesn't say you're stuck.
24:22
In fact, anyone struggling with hinge, he'd announce the oil rigs, pay good money, lots
24:28
of talent.
24:29
Yeah.
24:30
Anyway, yes, also in other news, Elon Musk is in the news again, which surprise, surprise,
24:39
surprise, surprise.
24:40
Do you know that?
24:41
That's so creepy.
24:42
Yeah.
24:43
You should do that.
24:44
What did you just know?
24:45
No.
24:46
No.
24:47
Surprise.
24:48
Talk to that.
24:50
Anyway.
24:51
He.
24:52
Anyway, Elon Musk has just got a nearly $30 billion pay package at Tesla, so I'm just getting
25:02
very lost in the million, billion, billion, billions.
25:05
So he has been granted roughly $30 billion worth of stock.
25:09
This is to help retain him as CEO and being the business, like Tesla's had a shit show
25:14
lately.
25:15
It's, you know, he's been dancing with the Trump devil and people haven't liked it and then
25:20
he had a falling out and then like, there's been a backlash with people not wanting to
25:23
buy Teslas.
25:24
This isn't actually been really not in the news lately, I feel like I haven't heard anything
25:27
about it.
25:28
Yeah.
25:29
Yeah.
25:30
Did the share price go up from this?
25:31
Yeah.
25:32
So the share price has gone up, but it's still down massively, it's up about 5% last
25:38
week, but it's still down massively.
25:39
People are just like, is there too much damage done in terms of brand damage?
25:43
Yeah.
25:44
People don't want to be driving around cars because Elon was in bed with Trump and all
25:47
of that.
25:48
Anyway, back in 2018, do you remember we talked about this?
25:54
The board had signed off a $56 billion pay deal for Elon Musk.
26:01
If he reached these like extreme targets, like tripling the business essentially.
26:07
I remember.
26:08
And anyway, he did it and he managed all this backlash around like you shouldn't be
26:13
getting those.
26:14
So he hadn't signified so I'm going to take it away.
26:16
Totally.
26:17
He managed to turn the business from 100 billion to 600 billion and therefore you can
26:21
draw your dog, please.
26:22
She's having an absolute blowout behind the couch.
26:26
So cute.
26:27
I love it so much.
26:28
I must say when I had her, I thought this is a great way to make people really good
26:34
ice-breakers.
26:35
She's so cute.
26:36
Yeah.
26:37
Me so in a line bike with her little paws over the front, like never seen something
26:41
cuter.
26:42
Yeah.
26:43
You may as well just like have your number on the back of you and just like drive around.
26:45
I know.
26:46
I mean, honestly, she's really attracted a lot of people.
26:50
Just kind of not.
26:51
I don't know if I'm comfortable with her being baked, but that's all right.
26:54
I am.
26:55
Yeah.
26:56
Anytime he had her.
26:57
Anyway, Elon Musk and his $56 billion pay deal.
27:01
So yes, he increased the size of the business from 100 billion to 600 billion and they were
27:06
like, no, sorry.
27:08
You're not getting that pay out.
27:09
He was like, I did more than what I was supposed to.
27:12
I would be human if I had put my heart and soul and brain into something and turned around
27:19
like he did.
27:20
And then everyone was like, kidding, you don't get your pay packet.
27:22
Yeah.
27:23
I'd be like, what's wrong with you?
27:24
In fact, maybe that's why he was so disincentivized and kind of like it turned to shirks.
27:27
Yeah.
27:28
And he still owns a lot of the business, so you don't want, you know, you can be disincentivized,
27:32
but you've still got a lot of wealth tied up in Tesla.
27:34
But I mean, does he need any more money, you know?
27:37
I know.
27:38
I think that perhaps with her, I think it's different if you've got one business and you
27:42
have most of your wealth in shares.
27:44
But if you have so many other assets and so much other money elsewhere, like, is it really
27:49
moving the needle that much, having a huge stake in one business when you're four?
27:53
I don't know.
27:54
Well, I mean, you could say that, but with smaller amounts, right?
27:57
I've got $100 and four businesses just want to really matter.
28:00
It's like, yeah, it's still quite a lot of my wealth, you know, like, we know we're
28:03
talking about billions and it kind of gets a bit like, I don't know.
28:05
I mean, obviously, I will never know what it's like to have that much money, but I just
28:09
can't imagine.
28:10
Yes.
28:11
No, but I don't think I would even want to be Elon had that much, you know, like it's
28:14
so, it's an unnecessary amount of resource.
28:18
But my point is I just still don't know if he would be, he's probably really insentivized
28:22
by the pay packet, opposed to necessarily the shares.
28:26
I mean, I personally want him to be insentivized because I want, because I am a sheholder
28:31
and Tessa and I want him, like if, and honestly, reading this news, I was like, look, if
28:36
he can do what he did last time, give him the money, do you know what I mean?
28:39
Like, could you write him?
28:41
Did I write him?
28:42
Yeah, do you know you write him and say, write him, please, give the money.
28:45
Yeah, no, it's already been signed off.
28:46
He is on his way to six Xing, the business, I actually feel like that's, yeah, I kind
28:53
of have, I hate to say it, but I have faith in him that he'll do that.
28:56
I know, I don't really like him as a person, but it's him as a person, I would say.
29:01
Yeah.
29:02
You know, sorry, agree.
29:03
Anyway, anyway, lastly, in other news, Uber, Uber has announced a $20 billion share
29:09
buyback.
29:10
Bye, Uber, bye, Uber, sorry, don't send me to jail.
29:15
That's not telling you to buy anything.
29:16
No, it's not.
29:17
You're not advised.
29:18
No, no, no, no.
29:19
No, no, no, no, no, no, no.
29:21
But I mean, like, for anyone that's like, what do you mean?
29:24
Join the club.
29:25
Share buyback.
29:26
Oh, yeah, join the club.
29:27
Maybe we should talk about this in the club.
29:28
That's a great idea.
29:29
No, we've spoken about where they're buying or selling, but I do currently hold Uber, and
29:34
this is a big green tick.
29:36
So it's done fantastically, but it kind of skirted around the whole tariff situation
29:42
because it doesn't sell anything.
29:44
It doesn't, it's not moving products from country to country, so it's not getting
29:47
pinged by all these tariffs.
29:49
So because it's a service business, it's not a product business.
29:52
So it's actually done really well, and it's bookings.
29:56
So this means like any, any spend on any of its platforms, it's customer bookings,
30:01
is it expected to double from last quarter to this quarter, like it's shooting the lights
30:05
out.
30:06
Sorry.
30:07
Sharon?
30:08
From like, Keith and Kim.
30:09
Yeah.
30:10
And it's investing a lot alongside Google with its autonomous drivers.
30:14
I was going to say, what about those cars that were in LA when I was there?
30:17
Wamos.
30:18
Yes.
30:19
Is that owned by them?
30:20
It's alphabet.
30:21
Wamos alphabet, but oh my god, I just was like, these are a thing, they're going off over
30:25
here.
30:26
Yeah.
30:27
And all those little robots that run the streets like Lorraine Pete's are in sure.
30:29
Oh, it was so wild.
30:32
And lastly, Spotify, Erasing, their prices, hello inflation, but they actually haven't
30:39
this.
30:40
Oh, God.
30:41
I'm sorry, I need to just click.
30:42
So this is not this is the raised prices in the US, you know, a few times, but and they've
30:48
had no change in kind of the rest of the world in over a decade and they're now raising
30:53
prices.
30:54
So we've actually been having a pretty good deal with Spotify, like the amount they've
31:00
added in terms of services and value and what you haven't because Netflix is bumped
31:04
up quite a few times.
31:05
I feel like it's every month.
31:06
Netflix.
31:07
I've actually stopped Netflix.
31:08
Oh, wild.
31:10
I've just decided I'm not paying that much money.
31:13
Yeah, but I do use my flame.
31:14
I was going to say, I was like, who's do you bloodjock?
31:17
That's like, yeah.
31:19
But I used to be a chronic, like not quite embarrassed to share this, but I used to watch
31:24
Netflix and bed to get to sleep.
31:26
Yeah.
31:27
Yeah.
31:28
Anyway, the point is I now don't and I can't bring myself to pay the amount to get
31:33
access to it.
31:34
Yeah.
31:35
I'm definitely more of a, like for example, with the call hit Alex Docko on Disney.
31:41
That's what would make me activate an account somewhere.
31:43
But do you just sign up in the account?
31:45
I don't mean just that, but yeah, that's what I mean.
31:47
I would probably pay to watch something and think of it in the same way as like paying
31:50
to go to the movies.
31:51
Yes.
31:52
But I feel like it's so dispersed, all of the things that I would want to watch.
31:57
I'm not going to pay for seven subscriptions, like, do you still, oh my God, you do.
32:03
How do you live beyond your means?
32:04
I don't.
32:05
I don't.
32:06
I do not.
32:07
I was just joking.
32:08
I was just joking.
32:09
Oh my God.
32:10
Mom?
32:11
No, I don't.
32:12
I do not pay for that many subscriptions.
32:13
How much was your combination in Grace?
32:15
That was 1,400 pounds right away, too.
32:20
Yeah.
32:21
700 pounds.
32:22
Look, all I'm saying is I've heard some things of maybe living beyond my means.
32:26
Just a little side hustle.
32:29
I'm like, what's she doing?
32:31
What is she doing?
32:32
Because I know what you're getting paid.
32:34
There's no way I can spend 700 pounds on accommodation.
32:38
We've been saving for like, we've had a little holiday fund.
32:42
But with Spotify, what I love about Spotify is the sign of a great business is when you
32:50
can raise prices and you don't lose customers.
32:52
Like for me, that is a company I want to invest in.
32:56
And it's the same with Netflix, it's the same with Spotify.
32:59
Like Spotify's sheer price has gone up 100% in the last 12 months.
33:03
Oh.
33:04
Yeah.
33:05
The fact they've done that without raising prices is incredible.
33:06
You'd double your money if you'd invested in Spotify last year.
33:10
But like investing in companies with price, it's called price in elasticity, means the
33:16
prices are inelastic.
33:17
So you can increase the prices and you don't lose customers.
33:21
So it means that customers value your product so much, so integral to their lives that they
33:28
will stomach a $2, $4, $10 price increase.
33:31
I guess that's just the sign as well of like a really well-loved product.
33:36
Something that you actually just can't imagine yourself living without.
33:39
Like 100%.
33:40
This is going to sound ridiculous.
33:41
But even like the amount Apple asked me to pay for storage.
33:43
Oh yeah.
33:44
Like what is my alternative?
33:45
They don't have one.
33:46
And it's tiny for them.
33:47
Sorry, it's tiny for you, it's tiny for them.
33:50
Yeah, if they increased it by, you know, $1, you wouldn't even notice.
33:54
But that would be billions for them.
33:57
And that is all I have for this week's Curve Weekly.
33:59
We have a YouTube special, an episode that's only going to be available on YouTube, and
34:05
it is with Annie Stafford, who's from Ford Wardrobe, and is all about, because I wasn't
34:12
in there, so I need to hear what it was about, sustainable with your wardrobe, and she
34:16
had a lot of like saving tips and stuff.
34:18
Yeah, I feel like we're venturing into YouTube space, you know, where we don't want to
34:22
be flooded in everyone's like Spotify and Apple feeds with heaps and heaps of podcasts
34:25
every week.
34:26
This one's just going to be on YouTube, so we'll put a link in the next video on Netflix.
34:30
Do you think I could put my hair dye through the business if we ended up on Netflix?
34:33
I'd be putting more through the business.
34:35
Same.
34:36
There'd be definitely some stuff happening.
34:38
A fake tan.
34:39
Yeah.
34:40
We'll end it here, I feel.
34:46
Thank you so much for listening to the Curve Weekly.
34:48
Make sure you hit the subscribe button to stay up to date with all the many business
34:51
stock market news.
34:52
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35:00
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35:01
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35:05
people find our cute little podcast and we hope you have a good week and see you next
35:09
Monday.
35:10
Bye.
35:11
Bye.
35:12
Sweet.
35:13
Yeah.
35:14
See you next Tuesday.
35:15
Wow.
35:16
See you next Tuesday.
35:17
I mean, Monday.
35:18
No, actually though, new episodes out every Tuesday.
35:24
Okay, quickly, the Curve was created to empower and educate you about investing, but we are
35:29
not financial advisors.
35:31
Our platform exists for educational purposes only and it doesn't provide personalized
35:35
investing advice for your individual needs and should not be relied upon to make an investment
35:39
or financial decision and always remember to do your own research before making any
35:43
investment or financial decision.
35:45
We're here for any knowledge and support you need, but the final call is always yours.
35:49
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35:51
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35:52
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