Latest / The Curve / Hailey’s Payday, Harvard Drama & Kids Who Invest.

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Hailey’s Payday, Harvard Drama & Kids Who Invest. · 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 and stock market too.
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Brought to you by the Curve's research team, it'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 you need to do in our
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party.
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Last night, I had two beers, by the way, beer's law.
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This is me side-stepping my budget into more affordable drink.
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It now makes sense.
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What makes sense?
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I'm sorry, I'm going to be late for our meeting.
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Can we push this back?
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We're going to cancel this report to be fair.
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I had two beers last night, I was like, oh.
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How bad am I on alcohol, though?
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It's a record that affects me so much more than you.
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If you have two drinks, you're just empowering on.
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You don't really have two drinks, do you?
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I'm just like, you're a bit sick.
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I just think it's like, I've heard this, so many times.
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I tried a new alcohol.
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I thought you were like, I'm not going to drink again in the room.
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No, I just feel so shit after two drinks still and it was there and I thought like, it's not
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tequila, which I normally have. Anyway, I was just like, oh, fuck that. Anyway, I'm on the way in.
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I had started listening to a Diorevis CEO podcast about alcohol. It's so scary. It's basically saying
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that you increase your risk of cancer by 40% by even having like a glass. It was, it's like
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quite, it's quite scary. It's almost like, I think alcohol or the trend to less alcohol is having
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a similar trajectory to what we've seen with cigarettes. No one really knew how bad cigarettes
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were when we drunk, when we smoked. People are smoking when they're pregnant and stuff.
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And I think the same thing's going to happen with alcohol. I reckon in 20 years, it's going to be
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like incredibly weird to be getting drunk or drinking. I think zoos. What's that? Going to a zoo
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and seeing animals and captivity, captivity, captivity. Oh, you're right. Like a sea world.
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Like, I'm just like that. Seems barbaric. Like, then we are going to go and watch. I also think
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wrestling. We go and watch humans fighting a cage. I'm like, how? Like, it's so weird. I love how
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existing you're getting like. Sorry, it's just like, there's some stuff that humanity does.
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And you just, you know that there's a party that feels weird about it, but it's socially acceptable,
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so it sort of passes, but it shouldn't. I reckon the idea of animals and captivity bizarre,
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like I mean, they surely will look back and be like, how embarrassing. Social media.
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Yeah. Well, it's so funny you say that because this morning I was thinking, as I was listening
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to this podcast, when I was in like radio and media, you know, their podcast was so lame,
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like so lame. And, you know, anyone that listened to a podcast was like, oh god. I remember the first
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podcast was like a crime podcast that I used to listen to, you know, driving on holiday. You
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would put them on the radio, but there was no. But yeah, this is what I was thinking. I was thinking,
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okay, back when I used to work in media, there was podcasts were uncool. And to get conversations
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like this, you would listen to your local radio station. Yeah. Now shows a global, like die of a CEO,
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anyone in the whole world can listen. I think it's, it just made me zoom out from an investing
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perspective to think sometimes things can feel so weird or like surely that's not going to stick.
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But if you rewind back even 20 years, the idea of using a screen all day, every day, like on a laptop,
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wasn't the thing. Yeah. You know, I don't know. I was like, I have computers when Apple launched
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the Macintosh and they wanted to get a computer in every house. And everyone was like, why is
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everyone need a computer? And that was like one per household. And now people have like multiple,
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you've got your iPhone, you've got your laptop, your iPad, you're like, it's, it is crazy.
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It may be think though as I was thinking about the idea of will alcohol die a slow death with
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it already is. You know, as an start to really, really just become super uncool, what is going to
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take its place? Like, because there will be something, it's not as though I'm and I was like, is
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chocolate mushrooms? You know, like, what's the new thing? And do we need to be thinking about it
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from an investing lens? Like, what's the new socially acceptable thing that people do to like,
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let loose? Because there's going to be something. I think it's just more this whole
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green we've been seeing for the last like five years or even longer. It was accelerated by COVID,
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which is just health, wellness, at leisure, wear, mental health. You know, like, it's like very
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conscious. People just being more conscious about, you've got one body that you have for your life,
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like, take care of it. You know, and I just think also as we get older, we've got a much older
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generation, we've got baby boomers, they're living for longer. You know, there's just like this
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real profound focus on health, wellness and alcohol. It does not plan to that. Yeah. And it's
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interesting because that's a guess how also diversity of podcasts, it used to be Steven Butler
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recording, you know, in his house, reading his internal dialogue thoughts. And now it's evolved
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into kind of being a health podcast, almost all so many of his interviews. Yes. I'm about
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bring out your self. Yeah. Wait, health, sleep. Yeah. It's like everything. Yeah.
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It's been going on in the world. You know, like, this is just the inner musings of my brain.
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It's a good thing to highlight is you are seeing this trend. And for people to like look, look
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in with essentially and be like, what friends am I seeing around me? Because you don't have to spot
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the big ones. You don't have to spot them all. Like, it's like, what are those trends? Like, as an
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example, this, I went, so I was on a date last night. That's why I hit two bands. Oh my god,
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she forgot to mention that. Well, I mean, where did you go? Uh, like two minutes out from my house,
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this new pub. Did you have like a backup, like excuse me? Do you know what? I was like, as I was
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walking there as like, I don't want to, I want to bow right now. Like I was seriously wanting to
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turn around and go home. And then I just thought imagine standing someone up, like imagine the
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cruelty of that, just like not showing up to the place that you've arranged to me that someone's
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put aside in their day. You know, I was just like, that's just awful. Who does that? But anyway,
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I messaged in this morning, being like, oh, I feel like shit. I mean, I don't drink that much
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when we first got there. And I found myself blubbering around being like, oh, but I, you're like,
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trying to make excuses. It's fine. I don't care if you like, you know, it's not like you're not
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fun, because you don't drink. And I was like, there's still such a hangout there.
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She'd be when I drink though. I'm so much more fun. But then I was like, um, made some joke about,
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like, I would be glad if it was like socially acceptable to have mushrooms instead. And he was like,
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day two. And I was like, imagine if that ended up being a thing, where it was like, you don't go
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for a drink. You just go to a parking get. But also like, no, no, no, no, no, no, that's like it's
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kind of. She's so true. Yeah. And that's why I stopped drinking for us. I wanted, I wanted to prove
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to myself that I could enjoy social situations without alcohol. You see, it was the health
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benefit, but it was also like, I want my friends to know me, not me with alcohol.
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Because she's normally just absolutely wasted. Always waste it. You actually were a massive
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party, though. Like that was. That's why I'm not. Yeah. You hardly ever party. Well, unless
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it, I guess we don't spend time together in the weekend anymore. But I mean, on a Monday,
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it doesn't seem that you're, uh-huh. Do you think it was because you didn't enjoy your work as much?
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Like, do you think that it was like a blow-out repeat? Oh, it is definitely. Yeah.
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You can see it in people when it's like, the party is like the escape. So people were talking about you.
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Me. People. Um, anyway, we've talked far too long about our party. So this is exciting news.
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What, what we're about to talk about, I've seen all over social media in the last 24 hours.
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And I'm quite excited to talk about it. And by this, by the time this podcast comes out,
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it's probably going to be old news. But I was actually thinking we should do some kind of,
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fast track, you know, for anyone that wants to get the podcast as soon as it's like,
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super fresh. And just, do you know what I mean? Like, that would be quite, I would want that.
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Because I'm lucky. I get a front row seat. We do it and talk about it. And then it takes a couple of days.
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Yeah. It's a great idea. Emily has us into this podcast. Can you eat it quicker, please?
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Yes. We have a very engaged kind of party as the one to hear this. I mean, we could do a live.
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Imagine if we did a live. No swearing. So difficult. Yes. No arms. So Haley Beaver.
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Yes. She's had a total win. Firstly, for those who don't know, she has just sold her skincare brand
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rose to Elf Beauty for a billion dollars. And you're right. It's been all over social media.
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You know, the images have been her, you know, Haley Beaver sells road for, sells a beauty brand
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for a billion dollars. Oh, I see. This is good. And it's been packed up from a lot of news outlets.
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And then slowly people were like, well, hang on. She hasn't actually made a billion dollars.
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Let's break it down. Let's actually show you how much she's made out of this deal.
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Does she have a co-founder? Yes. She's got two co-founders, which I think are a couple,
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because they've got the same last name, or brother and sister. But the deal is that road,
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the business gets 800 million in cash. And then 200 million is based on the future performance of
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road under the Elf name. So it's like, it'd be like someone buying the curve for being like,
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you know what, we need you to hit these targets over the next three years. Otherwise,
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you don't get a bonus. Yeah. So you'll get the other 200, because we don't want you to just sell
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it to us. And then we'll see later. Well, she's a face of it too. And she's in there as well as
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a creative, creative director and all of that. So head of innovation. So she's going to have a lot
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of gratitude. Yeah. Well, there's an extra 200 million on the line, essentially. The thing is,
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this is a private company, right? So all this information is kind of gathered together from
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different sources and everyone's kind of speculating. But it did only launch three years ago.
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So even getting that 800 million cash and 200 million in the bonus is pretty incredible for
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three-year-olds business. But you're right, she's got two other co-founders, you've got tax,
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all this other stuff. So anyway, people are estimating that she's probably got
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somewhere around 500 to 700 million of this deal. That's way less than what I mean, 500 to 700
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million is still an enormous amount of money, but that's, I mean, a billion is wild. Yeah. Yeah,
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exactly. And like, that's still massive, don't get me wrong. But the flip side of this is like,
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everyone was jumping to be like, but she didn't actually get a billion. It's like, why do we have to,
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she's still built an incredible business, whether it's a billion, whether it's 700 million,
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that's like, that is still incredibly massive that she's built the business in three years
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that sold for even 100 million is amazing. Do you know what I mean? I just feel like,
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yeah, maybe I'm just reading into it too much, but no, I know, I see where you're going. I guess my
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my take is that this is a Hollywood star or not really, but she's very famous and PR is a very
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powerful thing. Oh, different. And there will be a lot of media planning that's gone into the way
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that this has been presented. So it is interesting to look at it and think, okay, what are the facts
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and breaking this down? What does it mean rather than just taking it a face failure? Even
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little things, right? Like, it's essentially sold to 800 million. How many millions are in a billion?
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A billion is a million million? No, it's a thousand. So it's pretty close. Yeah, but it's like
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200 million. The headline of selling road for a billion is much better than the headline selling road
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for 800 million. Do you know what I mean? Like, they'll find it like that. You're so right. It's
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such a PR thing as well. But like, she's got 55 million followers. So she could honestly sell
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toilet paper to her followers. But do you think that that is discrediting by just saying that?
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Do you think it's discrediting the fact that she could have just sold whatever she wanted? Because
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if I look at this beauty brand, I actually think she's done a, well, she and her co-founders have
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done an amazing job. And who knows how involved she actually has been. But, no, and here I am being
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like, why can't we just, like, feed her down? Then you're like, she can sell toilet paper. No,
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I'm saying, I guess your, what I was trying to get at is like, we've seen Selena Gomez, who's got,
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you know, nearly 400 million followers. We've seen Kim Kardashian, we're the game, nearly 400
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million followers. Ariana Grande, they've all had these incredible skin care brands that have sold
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for, you know, Selena's was $2 billion. Well, sorry, valued at $2 billion in the sold yet. But like,
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Skims is valued at about three billion. So they're all operating these really incredible
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businesses. But they've also got really incredible platforms. And it just comes back to like
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sales and marketing. Yeah. It's like, you've literally got the storefront with 400 million people.
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It's, you're kind of leapfrogged so much of what someone without that. I don't know, I was just
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kind of saying like the following is like, yeah, I mean, I guess there's so many ways to fast
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track a brand. Some of those being access to let's say you create a lip gloss. And you have
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access to get it into all the targets in America, like you're fast tracking the to consumer route.
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But and, you know, with Haley and Selena and blah, blah, blah, they're fast tracking the brand
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growth because they instantly get access to so many more people. And for a lot of brands, you have
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to spend a lot of money to get that many people's eyeballs to see your brand. So. And I think what
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it's what this shows as well. And I don't mean to just credit it. And that I didn't mean to just
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create it in their way is like, it's so awesome to see so many female founders really growing
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incredible businesses in skincare and fashion. And you know, like in these industries that
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becoming business owners rather than just fat faces of yeah, like beautiful people. They're seeing
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opportunities of gaps in the market and industries they use and use regularly, you know, skincare
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has been like a booming industry for like so many years. And they're writing that wave. And I don't
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know, I just feel like yeah, finally, we're getting a bit more, I guess, involved. I like it too. I
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guess the one thing I would say is I would love to see some of these businesses not playing into
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the aesthetics of what women should look like, you know, because the idea that these are
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basically always makeup or skincare or suck me in fat leotards is kind of also like we're also
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playing into the same issue. But you know, I'm also not just creating it. I think that what they've
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done is amazing. But I think what's awesome is just the representation of even the headline,
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Haley Bieber sells business for a billion. What that does for women seeing other women selling
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businesses, it just inspires people to think, ah, if she's in business, I could be too. And I think
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it inherently what is so masculine to see so many awesome women rising in business is really cool.
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And it's like we're seeing more and more successful female entrepreneurs and it's really,
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really great. And I think this is also a really interesting point is that all of these famous people
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could have taken an endorsement deal and not created their own brands or brought into a brand.
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And I think there's a education piece around here of, you know, you create much more value when
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you're actually invested in something because your interest are aligned. If you've got co-founders
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or you do it yourself, like if you believe in a product or a service or a business enough,
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you know, we should be asking for or wanting to invest in those businesses so that we've
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been a fit in the massive upside rather than just being paid a couple of thousand or even a million.
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And not a lot of us have 55 million followers. Not so. Not even at like even at a small business
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level, you know, if you're being bought on as an employee and you're really passionate about
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the business and you want to invest, you know, talk to the owner or talk to the person that owns
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the business and say, you know, how you can bring value and actually invest in the business and
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be part of the upside and like the growth of that business. Do you mean putting money into the
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business? Do you mean asking for shares? Or anyway, yeah, anyway, if you're like, I'm really,
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I see such an opportunity for this business and I want to invest or I want to be compensated
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because of the value that I bring through equity, not just being paid, like there's so much more
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value to be created and just to pay to you. Yeah, then just to pay to you. Like I guess the
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the growth is much bigger than it will ever be if you're just being paid for your time.
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I would love to speak to someone who is really across the space because.
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Immigrate. God, it would be amazing to hear on. So if anyone that doesn't know, she's
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skims co-founder. So she works really closely with the Kardashians, but there is this huge surge
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towards celebrity businesses where just as you see it, like they've got this huge amount of
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eyeballs or audience to sell to. So people go to them and say like, hey, I've got this great business
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idea. Do you want to be a co-founder? And basically they do all the marketing and stuff.
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But it's happening everywhere. Almost every celebrity now is also a business owner,
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which is so clever, but I'd love to hear from someone who can actually shed light on how involved
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are the celebrities in the business compared to what it looks like. Cause you know, like
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Millie Bobby Brown, for example, you know, she's stranger things. British like childhood star, whatever.
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And you know, yes, she's married. This really, really wealthy guy. And she's also super wealthy in
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her own right from acting, but like to brand, it's like Florence by Mills or something. It's her,
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she's like, she's brought out coffee and now she's brought clothes and she's brought skin care and
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blah, blah, blah. How much of that are they the brains are involved and how much is it just
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literally like your go-to-market marketing strategies? And I think it depends on different
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celebrities, right? Cause I feel like the ones that have really good managers or like advisors
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or themselves being like, Oh, actually, this mug brand, yeah, if you had a really good advisor or,
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you know, management team or people around you that were like, ex-sof, this mug company wants you
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to endorse it, but it's $18,000, but I think you should buy it because of ex-wise ears. Yeah.
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Like that can really change your wealth, but also your, it's more of a partnership, right?
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It's a genuine partnership rather than just like a, and I think gone of the days where people
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actually fall for a lot of hashtag ads on Instagram, you know, like they want to see
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almost commitment from the celebrity that it's like, I truly endorse this. And I love it so
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much more now when influencers or content creators are like, this is not paid, I just genuinely
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really, really love their product. Yeah. It's like, oh, thank goodness, whereas, yeah, that should
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be the norm, but it's not. While we're talking about what's going on in America, there is a
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potential new ex coming out that is going to give every child $1,000 when they're born. This is
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solar ages and so cool. And not just given, it's actually invested in the S&P 500. So it's not
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just cash. Hey, well done. And like we've spoken about this, right? Like there's so many countries
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encouraging women to have more children because of declining birth rates. And they're giving out cash.
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But that's the parents normally, right? Yeah. Whereas this is going straight into a kid's account,
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or is it going to the parents? No, well, I mean, it's parents with guardian of the child.
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Yeah, but that's, but that's a really interesting point, though, is because up until now, we've
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spoken about this in China, for example. And it's like they get paid whenever it is per child or
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trying to encourage parents to have more kids. When I first read this and I might have totally
19:46
misinterpreted it, I thought that it was saying that the money invested was being invested for the
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kids. Yes. Yeah. Oh, it is. Yeah. That's amazing. Yeah. But I guess what I'm saying is like there
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are so many reasons where we've got declining birth rates at the moment, right? And one of them is
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that it's just so expensive to have a child. Whereas this is reducing that burden of having a child
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in a really interesting way because it's like if you gave every child in America $1,000 in their
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born, and let's be honest, there's 3.7 million children in America born every year. So that would
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be a nearly a $4 billion payment each year by the government. So that $1,000 per child invested
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in the S&P 500 for 65 years. By the time they're at your retirement, they would have half a million
20:38
dollars. How has that been benefiting the parent? Isn't that just benefiting the child? Like I
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thought the point was they were trying to bribe parents into having kids. Yes. Whereas this is
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like amazing. This is just to alleviate the pressure of retirement on people, on government,
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on health care. I mean, it's genius. I mean, it's such a good idea. It's just like investing
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$1,000 for 65 years and not touching it and waking up at retirement and having half a million
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dollars. Is that just from 1,000 being put in and not nothing touched? If you put in an annual
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amount of $750 for that 65 years, so $750 every year, it would be four and a half million dollars.
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I would love to know how many people in our audience have kids, like we need to know this,
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and maybe we do like a quick little survey. Can you please, we're going to put this in our podcast
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show notes or wherever you're listening? Can you let us know? Do you have kids? Yes or no,
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and do you plan on having kids? Yes or no? And if you already do, would love to know if you're
21:42
investing on behalf of your kids, because I think this is absolutely game changing, like the idea
21:49
that we are setting kids up for financial freedom and to understand investing and take part in
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the economy from being a baby. Oh yeah. Like that's incredible. Yeah. And like, yes, people might
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be like, well, that's $4 billion from the government each year that they need to find essentially.
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Do you know what I mean? Because they've got to pay for this $1,000 per child. But what the government
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will be looking at is like, what cost savings will that have in terms of like we won't have to pay
22:18
people as much in terms of their pensions or like, you know, all of that kind of stuff will be
22:21
played into it. But I agree. I think it is. The positive impact will have of getting kids interested
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by outweighs. But also it would far outweigh the reliance on the government to look after those
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people. 100%. Right. Like it's like, it seems like one of those things where someone tells you
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you're like, why have we not done it? We're like start with $100. You know, and we're like,
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start with, will this go through or is it just being spoken about? It's been spoken about.
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But how long does stuff like this normally take? Like, is it a five year situation?
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No. Also, is this a Donald Trump special? Yeah. I mean, it's not the stupidest one that he's
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had. Yeah. That's quite a good idea. One of the guess things that I read when I was reading this
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was that over 50% of Americans don't have an investment account. And they're not obviously in
23:10
the stock market. So this, give me like, it's all a mess. But I guess the mechanics of it.
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Do you know what I mean? Like, if half of your population don't even have an investment account.
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I don't know. But maybe it's similar to pinching or all the other things that we like,
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it's auto enrollment. Well, you don't give it out, right? It's just like it's opening your name.
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We wrote down that you were born in 1990. When you retire. They pay you out. We'll pay you out. Yeah.
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Which could be probably the way they'll do it. Yeah. Imagine if they had an investing account
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for the whole country. So it was like, they put a thousand dollars in every person born and
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measure how much money they would be. But I think the idea of having an under your own name
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gives you the autonomy and the less reliance on the government, right? And it's education piece,
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right? It's not like. Otherwise, I'm going to get a government pay out of harmony. It's like
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you trust being a trust fund baby from the moment you're born. You're just like, I don't
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can't get my money when I'm older. Like, it's not really what we're going for. Yes. So we want
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to know how many people in the audience actually have kids. And how many people would be interested
24:13
in this if this was put into practice in the country. So let us know. Yeah. We'll put a link in
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the podcast show notes. Yeah. Please tell us because it's, it's, I think this is super interesting.
24:24
But it is quite hard to, I don't know, open accounts for kids. Think about how you teach kids.
24:29
But it would be quite a game changer if you had an easier way to teach them. I feel like a lot
24:35
of us have kind of got to this age and been like, and then imagine if like grandparents could
24:39
contribute and aunties and uncles, instead of getting cheap crap for your birthdays. Yeah.
24:45
Yeah, which is the world will be such an incredible place for all these initiatives
24:49
years through and like fast-forward 65 years. A less endearing Donald Trump special is,
24:56
oh, I just feel like we've spoken out of so much. And it's only like a few months into his
25:00
tenure. Is it weird that I'm kind of, I think I, I hate, but I love it. I don't like him and I
25:07
don't like what he's doing. But I'm finding it, this is almost like my foray into being really
25:13
involved in the stock market and politics. I like how he's, he's doing stuff that we can talk about
25:19
that we can like, it's interesting. It's interesting. Yeah. I mean, this has been conversation
25:22
what we're about to talk about around like the dinner table at home and my flat, you know,
25:27
like some of the decisions that he's making with regards to education and universities is like
25:31
a little bit scary. So I don't know heaps about this, but essentially there's some question marks
25:37
around him trying to pull funding from specific Ivy League schools. Right. And I think the thing
25:42
that made me kind of sit up and go, okay, this is actually getting a lot of momentum was more recently
25:48
Trump has blocked Harvard from enrolling international students. So just to wind back, so
25:55
the Donald Trump administration had ordered all federal agencies to cut ties with Harvard. So
26:01
he's got this B in his bonnet with kind of elite universities, Harvard in particular. And he was like,
26:06
you know what? I'm going to put a political order in place to say that you can't work with Harvard.
26:12
So what I mean by that is like the government gives a lot of funding to and has a lot of programs
26:19
and partnerships with Harvard and with universities for health research. For example, so you know,
26:25
to do like clinical research on drugs and stuff like that and training programs, education
26:32
initiatives. Like there's a lot that goes on that governments I guess work with universities on
26:38
anywhere in the world. Why is that? Is it because some of the smartest people in the world are
26:43
those universities and it's the forefront of research and innovation? Yep. Yep. And they've
26:49
got the facilities and they've got like all of that. Yeah, the government gives grants to the likes
26:53
of universities to go away and do research on stuff. So all of that. And so anyway, this is like
26:57
$100 million that is he has stopped from going to Harvard for 100 million. Yeah.
27:04
So and he said they'll cancel immediately, right? So if you were in the middle of like, I don't know,
27:08
some five year research project and you're in the final stages and then you got your funding cut.
27:15
So sorry, it's his whole reason he's done that because Harvard isn't following his instructions
27:21
to block international students. They were like, no, we're not doing that. And then he was like,
27:26
fine, then I'm taking a funding away. It's kind of a step before that is that he thinks that Harvard
27:34
is being I guess unfairly biased in terms of its admission process. So it's unfairly admitting people
27:42
from internationally. And you know, he's had this huge clamp down on diversity and inclusion
27:47
and everything like that. And he's like, Harvard is not doing as it's told. I'm going to cut
27:52
its funding. So this is what my flatmates and I were talking about. And they were saying, Harvard
27:57
is like, you know, probably the epicenter of some of the smartest, most intelligent, probably
28:03
non-Trump voting people in the world, such America obviously, but that they were like, we're
28:11
absolutely not limiting the brains that come here. We want the best in the world. And that's
28:15
what we're known for. Whereas Trump is saying, well, all of that attention and education should
28:22
only be poured into American people. And it's coming back to what he's trying to do, right? It's like
28:26
make America great again, make America wealthy again. Like he's saying, we should be able to
28:31
fish in our own pond. We shouldn't have to go and bring in international people into into America
28:35
to do this. So he's blocked Harvard from a rolling international students, which should actually
28:39
overturned. So the Supreme Court overturned that because it started this whole campaign of like,
28:45
at what point does the government agencies, are they not allowed to step in in terms of education?
28:50
Do you know what I mean? Like the education should have free reign to operate. And it's own almost
28:57
echo chamber because of academic freedom and all of that. And there's been a big backlash saying
29:04
that they've overstepped their mark essentially. You cannot dictate rules and regulations around
29:09
education. Oh, thank God. Honestly, because I feel like, I don't know, the more that I hear this type
29:16
of thing creeping up, I'm just flashing forward in terms of like, he changed the fact that he's
29:22
only allowed to be elected twice. Like if there was a way where he could stay in power. Oh, yeah.
29:27
What this, I mean, we could be like literally the start of a very scary history book right now.
29:33
100%. And I am like so thankful that the Supreme Court stepped in and overruled this because
29:39
it could have started something pretty serious in terms of, okay, he won. And 25% of
29:45
students at Harvard come from international places. And that's how they get a lot of their money
29:52
because international students pay way more than domestic students. So what is this 100 million
29:56
cut from the government mean in terms of how Harvard can or can't operate moving forward? Because
30:02
if they're going to continue having international students, but they've had this enormous funding
30:06
cut, like how are they going to operate? Well, that's just the contracts that it's got. So it's
30:12
stopped 100 million of contracts. There's $3.2 billion of research grants that the government's
30:18
already frozen. So it's what? So that's on top of that. Yeah. So that's like one part of it. So
30:23
there's like a contract with a university, but there's also ongoing like previous research grants
30:28
et cetera that it all being cut. So it's like, it's freaking massive. And how universities operate
30:35
is they they get, they have these endowment funds, which is essentially funds that they
30:40
will use for scholarships and that kind of thing. And because it is essentially a quote unquote
30:46
charity, you don't have to pay tax on endowment funds. And Harvard has a $53 billion endowment fund,
30:56
which the government is now saying it might have to pay tax on. So it's like there's just it's
31:01
kind of hitting it from all angles. I guess it's kind of what I said. Is there a chance that Harvard
31:05
just has to fold because they actually won't be able to function if I think you'd you'd fight it
31:11
to the cows come home. Because honestly, I think if he gets his way with this and Harvard has to
31:16
for like it is. Oh, it's major. That's like. And then also there is already quite a kind of racist
31:27
undertone going on in America in certain parts. And yeah, if Trump was controlling a university,
31:36
I personally wouldn't want to go there. So it's not only that they've blocked 25% of international
31:41
students going there. It's like who else is now not not not going to want to come? Oh my god.
31:46
You know, it's like the idea that the people that are going to get educated or in there are,
31:50
you know, you don't Donald Trump die. Well, it's all controlled. It's like the news and media
31:54
outlets, right? If they're controlled by Trump, what you get taught is about, you know, it's very
31:59
Trump sided. And so it's a whole freedom of speech argument now as well. Oh my god. It's like
32:05
God, politicians and governments should not control education providers because there is an element
32:12
of yeah, freedom freedom of speech. So anyway, watch this space. So another funny headline that I
32:21
read only fans is for sale. I want to buy it. Do you have a spear eight billion? I was going to say
32:27
what's it going for? Slightly out of my budget. I mean, hey, be wicked by one eighth of it now.
32:34
Eight billion. Yeah. Is that how much that platforms work? Yeah. What's that comparatively to other
32:40
content platforms like Instagram, Facebook? Like is it way, way, way less? Yeah, Facebook's
32:45
like a trillion dollar. Oh, yeah, yeah. Still eight billions. Yeah. They actually had a talk
32:51
of doing an IPO. So like publicly listing on the stock market so that anyone could buy shares.
32:57
In 2022. But because it's effectively a pornography business. Okay. It's just like a lot of people
33:07
would be banned from being able to invest in it. Exactly. So the demand, like the reason you
33:11
you you go public and you invest on the stock exchange just because there's a lot of demands,
33:15
a lot of investors that you want to democratize. It's like taking our farmers market analogy,
33:18
right? It's like there would be a lot of people that wouldn't even be now allowed near your stall
33:24
to buy your products. So you might need just explain on what the farmers buy. So the farmers market
33:29
is essentially how we describe the stock exchange where it's a centralized place where everyone comes
33:35
to buy and sell goods. So they're buying their shares, they're selling their shares, you're buying
33:40
bananas, you're selling bananas and everyone comes to the same place. But I guess imagine that there's
33:45
one stall that's kind of a bit everyone selling stuff in there underwear. Yeah. And you know,
33:54
there's two kinds of kind of killing the children and scarring them away around the other side of
33:58
the market. Like that's kind of yeah. You're just not as good as me. It's also for context. I guess
34:03
you know, like when it comes to your investing approach or your investing lens,
34:08
everyone has their negotiables or non-negotiables. So yeah, you know, a lot of people don't like
34:13
invest in tobacco. A lot of people don't like this in alcohol. A lot of people don't like gambling,
34:17
blah, blah, blah, blah. So the idea here is that only fans, even though it's, I mean, I guess it
34:23
is pornography, right? Like it's and a lot of like corporate institutions like governments
34:28
who invest a lot of money in the stock market would it would be a no go for them. So you're kind of,
34:33
it's not as I guess as attractive as a t-shirt brand because there's just less, less interested
34:39
buyers. Yeah. But the interesting thing is that this only fans was launched in 2016 and then it
34:49
was bought by the current owner in 2018 and when it was bought in 2018, it had four million creators
34:57
on it, which is massive. And now it's got over 300 million. So anyway, I find it so I've
35:04
heard it was like, I'm going to start on events. I'm like, good luck getting visibility in the
35:08
300 million people that are on there. Yeah, but didn't think about how many people are on Instagram.
35:12
Yeah, you know, yeah, sure. Everyone opens a business and starts an Instagram account.
35:16
Yeah, it's just funny how people say off the cuff, you know, it's like only fans creators put a
35:20
lot of time and effort into their content. Oh my god, let's plug out only fans conversation
35:24
for anyone that hasn't listened. Oh, she's incredible. And she's made an incredible race.
35:31
Properly portfolio and like she's got incredible investment portfolio.
35:36
We'll link the episode to YouTube so you can see her too because she's beautiful. But it's
35:40
making one million in one year on only fans with Grace Whizelace. And do you know it will just
35:46
give you so much admiration and respect for the fact that like you're not just taking your top off
35:55
and like don't trick yourself into thinking that like your toes are that good because
35:59
there's a lot more business and planning and everything involved and only fans than people think.
36:05
I think that's with any content creator, right? Like I tried to do a day in the life the other day.
36:08
Oh gosh, you just have to constantly be filming yourself. It's exhausting. And it's like the number
36:14
of times I've done my morning in the life of and then completely forgotten to the afternoon.
36:20
It's so much work. I agree. I think that unless you've tried working in content, you thought it's
36:26
like this real frivolous stupid thing. It's actually very hard to do it well. Like I look at some
36:30
of the people on TikTok and I'm like, they make it look so easy and it is not. Anyway, the person
36:37
that is rumored to be going to buy only fans is Connor McGregor. Why does it sound like a fighter?
36:43
Yeah. It's a fighter. No. Yeah. And he's like, I know. And anyway, yeah, it's just quite funny
36:52
that it's kind of a great idea to come out of the woodwork to buy only fans.
36:56
Sorry, but like what are you going to do with only fans? You know, like why are you buying it?
37:00
I know. Yeah, I reckon it'd be a... Mixed. I wish it mixed in martial art.
37:04
Yeah. I reckon it would be more of a pie. It's kind of cute, you know?
37:08
All that owning all of that. I own 300 million. Yeah.
37:14
Is he still fighting? What's the vibe with that?
37:17
No, he kind of shot to fame in COVID. He's got quite a good bond structure, doesn't he?
37:21
Are you kidding? You don't have to be attractive.
37:24
Mike, I mean, some of these... Oh, wow.
37:26
Hold on, wait, wait. I would look at the bond structure.
37:29
Also, sorry. Have you ever been to a boxing class? It is so hard.
37:34
Like it is so hard, not just fitness-wise, but they're like 3, 2, 4, 1, 5, 2, 4, I'm like,
37:39
oh my god, I just can't even remember. I'm like, one, two, far out,
37:44
fully forgotten. I remember that, yeah. And an alternate used to go to boxing.
37:48
And then the instructor would kind of walk around. I always went the back.
37:51
And then instructor would walk around and be like, oh my god, he's coming.
37:53
One, two, what was it? Oh shit. And then he's like, he's like,
37:55
no, about one, three, five, seven, and I'm like, oh, yeah, we're not going to get fed back at
38:01
the end of class. And then there's like, freestyle. I'm like, oh, thank goodness.
38:04
You're the same. Can't pretend. I'm just pretending. I'm trying to follow the scene.
38:07
You run's bags is moving. And mine's just like,
38:10
honestly, interestingly, mine swears, but I don't think it's meant to.
38:14
Like I don't, I think that's not a good sign of like, you're doing it well.
38:17
Because no one else seems to be grabbing their bag to make it.
38:20
Yeah.
38:21
It's also like there is quite a technique. And I remember thinking like, I got this.
38:25
And looking at other people make you definitely don't have this.
38:28
And then looking myself in the mirror and going, oh wow, I definitely don't have this.
38:31
I think I actually thought a lot. I would really like to learn
38:34
some kind of self-defense. I think there's something quite amazing about martial art.
38:39
Like there's a few, which I think are I don't know if that's correct.
38:44
What's that off? It's on the movie.
38:48
I don't know if you're being racist.
38:50
No, no, it's like I'm like a bridesmaid or something.
38:52
She's like, oh no, that's probably just there.
38:54
Yeah, I'm glad you're so, so I don't, you know, that's definitely racist.
38:58
No, it's what that speech she does.
38:59
Oh, oh, oh, oh, the bridesmaid.
39:03
And she's like, no, no, no, no, no, no, no, no, no, but I really wanted to do
39:11
self-defense as younger and my mum goes, well, that's not going to be any good
39:14
if you just get hit over the back of the head.
39:15
I was like, mum.
39:17
I learned some roaches.
39:19
I was just also like, yes, I didn't really have a comeback.
39:23
So I was like, okay, I just don't think she wanted to take me to classes.
39:26
I reckon I'd love to get a group of women together who are keen to learn that.
39:30
I think it's a very, I think it would make me feel powerful
39:33
in times where I feel vulnerable.
39:34
You know, like if it's a dark night and I'm walking home,
39:37
if I knew some moves, I would feel.
39:41
I put my key in, do you put your key in between you?
39:43
Yeah, that's so sad.
39:44
We have to do that, isn't it?
39:47
So it's such a universal fear, isn't it?
39:50
What else?
39:51
Just one little quick anecdote, which is quite funny.
39:54
There's a rise in stay-at-home suns.
39:58
What?
39:58
Instead of stay-at-home moms, stay-at-home sons.
40:01
Is this meant that don't move out of their house
40:03
and they live with their parents forever?
40:04
Yeah, and they're unemployed and yeah.
40:06
Sexy.
40:07
That's so sexy.
40:08
Where are they?
40:09
Keep me on.
40:11
Hinge.
40:11
Okay, stay-at-home sons.
40:15
Like this.
40:17
But it's actually a term now in the urban dictionary.
40:22
Like it's a stay-at-home sun.
40:24
It came out at the same time with like quiet quitting,
40:26
which is like, kind of this whole,
40:29
I'm just going to turn up my job.
40:30
I'm just going to do the bare minimum essentially,
40:32
because it was a kind of a tech doctrine
40:35
that happened a few years ago.
40:37
And quiet quitting.
40:39
It's called quiet quitting.
40:40
And what is it you just quit without telling them?
40:44
You just don't turn up to work.
40:46
It's more like you're not going to get caught up in the hustle
40:49
and the stress of your job.
40:51
You know, like it's all...
40:53
So it's almost said you have like,
40:54
yeah, I'll turn up.
40:55
Yeah, I'll go to work.
40:56
But I'm kind of checked out anyway.
40:58
Yeah, sort of.
40:59
Kind of like the...
41:00
You know, the Gen Z, like,
41:02
oh, my boundaries, maybe.
41:05
That's what it's referring to.
41:07
It's like, um,
41:08
oh, it's time for me to go home now.
41:12
Oh, but is that the same thing though?
41:13
Because I feel like,
41:14
like, is that actually the same thing?
41:16
Is quiet quitting?
41:17
It's not a gender.
41:19
There's nothing to us at home, sons.
41:20
Quiet, sorry.
41:21
No, no, no, no, no, it's just like, yeah,
41:22
it's just like, kind of, there's been some fun,
41:23
really funny terms that have come about recently
41:27
over the last few years.
41:28
I'd like to say for the record,
41:29
for any Gen Zs that are listening,
41:31
that are like,
41:31
if you, I work hard,
41:33
our producer Emily is Gen Z,
41:36
and she is the hardest worker either.
41:37
I don't think that's a huge generalisation.
41:39
And I honestly, until she started working for us,
41:42
maybe I did have that mentality where I was a bit,
41:44
because I had seen it.
41:45
I've seen it in a few people,
41:46
like, we're like,
41:47
oh my god, the hustle is non-existent.
41:50
Like, there's obviously a line.
41:52
You don't want people that are,
41:55
there's like,
41:55
like, millennials that do that right as well.
41:57
There's also like,
41:58
like, any of regeneration,
41:59
there's people that do that.
42:00
It's just, yeah.
42:01
I think there's a big emphasis on like,
42:03
boundaries, work life balance,
42:05
and like, when you're younger,
42:08
like, that's when you kind of have to prove yourself a bit more.
42:12
And that's like, you can obviously have that when you're older,
42:14
and you're a bit more established,
42:15
and you're career, and you're job.
42:16
Anyway, so this is kind of the stay-at-home sun,
42:19
is a term that you describe, kind of,
42:22
a very unmotivated manchild.
42:25
And there's been some data out
42:27
that's kind of supported this uprise.
42:29
This is so funny.
42:30
In the stay-at-home sun.
42:31
And it is that the unemployment rate in the US
42:35
of 20 to 24-year-olds
42:38
is 8.2%, which is pretty high.
42:42
And like, for countries,
42:45
having a high youth unemployment rate
42:48
leads to a lot of really, really bad issues,
42:51
like suicide, crime,
42:54
because they don't have jobs
42:55
to bore independence and motivation and all of that.
42:59
So it is really bad,
43:01
but it's even worse for men.
43:05
So men in that 20 to 24-year age group.
43:08
So for once, women are the most employed
43:12
out of that 20 to 24-year-old age group.
43:15
And there is this bigger increase in unemployment in men,
43:19
which is kind of bored about this term again
43:21
of these stay-at-home suns.
43:25
Like, the funniest news.
43:26
So it's funny, but it's also concerning
43:28
if it keeps getting worse and worse.
43:30
But yeah, it is.
43:31
But it's also like, sorry.
43:33
Why are they staying at home?
43:34
I don't get it.
43:35
Like, the crime jobs.
43:38
Sorry, it's on that funny.
43:40
But it's a combination of probably lack of motivation
43:43
as well as...
43:44
And mommy will look after me.
43:45
Yeah.
43:45
And I think there has to be an element of, like,
43:48
parents here pushing out the suns from the family home.
43:53
You know?
43:53
They have an x-day with me, a x-day with me.
43:55
And I know certain cultures, like, that's actually a thing.
43:58
But I think...
44:01
Yeah.
44:01
Does it have anything to do with the idea
44:03
that it's too expensive to move out of harm?
44:04
So people just stay home and they're staying home
44:07
later than they would have 10 to 15 years ago?
44:09
Yeah, there is that natural trend.
44:10
I just think it's funny at the term,
44:12
stay at home suns.
44:12
Stay at home suns.
44:14
I always talk about there being weird relationships
44:16
between mothers and their sons.
44:18
Oh, yeah.
44:18
My brother's definitely the golden child.
44:21
But does he have a weird relationship?
44:23
No, no, no, but he's definitely the favorite.
44:25
There is actually a...
44:27
I reckon a thin line
44:29
between respecting your mother
44:31
and caring for your mother
44:34
and hanging out with your mum all the time.
44:37
And I think it's like quite a creepy line.
44:40
What do you mean?
44:41
Like it's great.
44:41
Like a son that respects his mum
44:44
and respects woman and all of that is amazing.
44:47
Yeah.
44:48
But I feel like very quickly it becomes weird.
44:52
It could become weird
44:53
if it's too far in one extreme.
44:56
I hope if I have a son one day,
44:57
he thinks he like worships the ground I walk on
45:00
and thinks I'm amazing.
45:01
But you don't want it with me.
45:02
All the time.
45:03
I would be like, all the time.
45:04
But like how many men have you met
45:05
that always hang out with their moms?
45:07
No, but there's a few I know really.
45:09
And it's like,
45:11
concerning.
45:11
Because at first you're like,
45:12
oh my goodness, so nice.
45:13
And you're like,
45:14
oh, oh.
45:16
Like calls them 17 times a day.
45:17
Yeah.
45:18
Like can't do anything themselves.
45:19
Yeah.
45:20
And that's where it is.
45:20
Doesn't know how to turn the laundry on.
45:22
That kind of thing.
45:22
Turn the laundry on.
45:23
You know, like can't figure out the washroom machine.
45:25
Oh, yeah, yeah, yeah, yeah.
45:25
Calls mum.
45:26
Is it that kind of thing?
45:27
There's a level of independence.
45:29
Right.
45:29
With me and any woman as well.
45:31
Yeah, there can be a bit of...
45:32
Oh, this is so contentious.
45:34
I reckon there will be so many people that are annoyed
45:35
at what we're talking about.
45:36
I'm sorry, I'm very happy.
45:37
Ah.
45:39
Ah.
45:40
Oh, enraged rent equals engagement.
45:45
But yeah, no, I just...
45:46
Also, the term stay at home mum.
45:49
It is quite...
45:52
It's got to go.
45:53
It's just like, in my view.
45:57
Should we start saying stay at home deadies or something?
45:59
Well, it just in my view,
46:00
stay at home.
46:01
It's like, it insinuates.
46:03
It's quite you're doing nothing at home.
46:06
And for a lot of mothers,
46:08
when you were staying at home,
46:09
you were doing nothing but a full time.
46:12
Sometimes, when you four hours...
46:14
You're awesome.
46:15
Yeah, and so...
46:16
I mean, we're doing that, right?
46:17
We're saying stay at home some while.
46:19
Oh, you're doing nothing.
46:21
But yeah.
46:21
Oh, God.
46:23
It's so funny because I'm one time,
46:24
I'm like, everyone can just get over.
46:25
It's just a fun, lighter term.
46:28
But the stay at home sons and then when stay at home moms,
46:30
I'm like, they can absolutely...
46:32
That goes in the bin.
46:33
Get fun.
46:34
Yeah.
46:35
Big Curve Weekly.
46:36
Big Curve Weekly.
46:37
Big Curve Weekly.
46:38
I enjoyed it.
46:40
I'm really sorry for my shit chat.
46:41
I feel like the rule for me can be never have a date
46:45
or an alcoholic beverage the day before a podcast.
46:47
Or just breath into the podcast.
46:49
Yeah.
46:49
The date and the drink.
46:51
Oh, my, nah.
46:52
Imagine if you were like,
46:54
oh, can we just stop into this studio?
46:56
I just got to answer.
46:57
So my sister crashed the date.
46:59
She no joke was like walking past to saw me at the pub.
47:03
Or identically.
47:04
Well, I think she did on purpose.
47:07
Yeah, you do relate a little bit.
47:08
I just saw this floating face and it was Lucy and I was like,
47:11
what are you doing?
47:12
I know you're a sister and she would be like,
47:14
oh, so funny.
47:14
It was quite funny.
47:15
So she came and joined us and then sort of this other friend of hers.
47:18
I was like, run, quite fun.
47:20
I like that.
47:20
Yeah.
47:21
I had a date where I had to invite my friends
47:23
because my date fell asleep at the table.
47:25
What?
47:26
He was ordering two drinks to every one of mine.
47:29
Is this someone?
47:30
This was...
47:31
When was it? How long was it?
47:32
A while ago.
47:32
He fell asleep.
47:33
He was ordering two drinks to every one of mine.
47:36
And he must have been so nervous.
47:39
And then he was so drunk.
47:40
He fell asleep at the table.
47:41
And I didn't know what to do.
47:43
And I invited friends.
47:47
And he fell asleep at the table.
47:48
That's so alarming.
47:49
So alarming?
47:50
Like...
47:51
Well, if you could have sorry for him.
47:53
It's sad.
47:54
You know, like...
47:54
The fact that you were that nervous
47:55
that you had to drink two drinks.
47:57
Oh, but I was sorry.
47:58
I was going back and watch the like alcoholism
48:00
and the silence conversation of like...
48:02
Anyway, God full circle.
48:04
Mmm.
48:05
Okay.
48:06
Bye.
48:07
Bye.
48:31
See you next Monday.
48:32
Bye.
48:33
Bye.
48:35
That's it?
48:35
Yeah.
48:36
See you next Tuesday.
48:37
Well...
48:39
See you next Tuesday.
48:40
I mean Monday.
48:42
No, actually though.
48:43
New episodes out every Tuesday.
48:48
Okay, quickly.
48:49
The curve was created to empower
48:50
and educate you about investing.
48:51
But we are not financial advisers.
48:54
Our platform exists for educational purposes only.
48:56
And it doesn't provide personalized
48:58
investing advice for your individual needs
48:59
and should not be relied upon to make
49:01
an investment or financial decision.
49:03
And always remember to do your own research
49:05
before making any investment or financial decision.
49:08
We're here for any knowledge and support you need.
49:10
But the final call is always yours.
49:12
And thanks for being here.
49:13
You got this.
49:14
Yeah, we know you got this.