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The Country That Just Beat Everyone at Wealth (and Why). · The Curve

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Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
0:04
business in stock market too.
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Brought to you by the Curve's research team.
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That's the latest insights on what's happening in the stock market, companies, other money
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related news so that you can stay educated and ahead of the curve.
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You can thank us later for sounding smarter than those finance bros you need to know, Patti.
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Okay, it's very exciting times.
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We have our producer Emily back from her galavanting around the world.
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I'm back.
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Thank God, honestly, Emily, never do it again.
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Be very glad you're back.
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Very happy to be back.
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How was your trip?
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It was so good.
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Really?
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It was like a lovely, lovely amount of time off, saw so many new countries, amazing places.
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Did you buy this cool t-shirt on your travels?
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I actually had a bit of a blunder while I was away and so didn't come back with very many
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clothes.
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This is actually my brother's from my parents' house.
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Oh, I really like it.
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But yeah, I thought this was quite fitting with the reason when I reckon you look cool.
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Oh, thank you.
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I was actually thinking because Vixx kind of got a top like that, like it sort of looks
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like a soccer top.
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Baseball.
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Yeah, and you've got one.
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Now I need a sporting top.
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I'm kind of loving it.
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And so what tell us about like what was sort of the three highlights or maybe not even highlights,
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do you have three like good stories or things that happen?
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Yeah, I mean, oh, by the way, okay, you should say, if you're listening to this and
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want to see what I'm wearing, then click the link in the description, which will lead you
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straight to YouTube.
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That sounds really sexual.
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If you want to see this and you want to see what I'm wearing, click the link.
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Click for a surprise.
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Yeah.
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Nothing.
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Top three highlights, I would say, illness in Lithuania.
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It was absolutely stunning.
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Would recommend anybody to go there.
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Which I never even heard.
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I had Google.
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Bloom and gorgeous.
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Is this the place that you said is like there's significantly more woman than men?
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Yes, which was so strange because I was walking around the streets and I was like, I don't
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know why, but I feel so safe here.
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It wasn't that busy, but I was also like, I just feel really safe and comfortable.
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And then someone had mentioned it and I was like, oh, that makes so much sense.
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Yeah.
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It's like a disproportionate amount of women's men.
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I would say honestly, like inter-railing itself, we have been calling it the rail trail,
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which is something completely different.
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I think it's like a background.
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And New Zealand is a terrible background, never do it as honestly.
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My butt has never been so sore.
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Sorry, rail trail.
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The inter-rel experience itself, you basically buy one ticket and then you can go anywhere
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you want within Europe.
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Oh, that's great.
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And so I paid about like-
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For how long though?
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Like for you.
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So you can choose different tickets.
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So I chose 15 travel days over two months.
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Okay.
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And I was only way for six weeks, but I had 15 days of actual travel.
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And it was about 295 pounds.
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So cheap.
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That's so cheap.
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Yeah.
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The only thing was, I've been on one before and then this is two years later and I was like,
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I'm going to go, hey, hey, hey, hey, not really thinking about exactly how I was going
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to get across.
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And so on some of them, I had to get a like berry on one of them, I had to get a gigantic
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cruise, which was not included in the second.
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Right.
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But there's still quite a clever way to do it.
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So you buy, it's almost like a membership or something.
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So you're not paying for every single visit or every single train ride.
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Exactly.
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Because it's so expensive to train.
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Yeah.
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I feel like there's this perception that you can just train anywhere in Europe for two
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Europe and it's actually quite expensive sometimes.
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Oh my god.
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We went out to the cops world and we were running so late.
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And we were like, can we buy our tickets on the train?
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And he was like, yeah, yeah, cool.
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Just jump on, just jump on.
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I'm like, okay, cool.
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And then I was like, two tickets tapped our cards and saw how much it was and we were
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like, shit, we're on the train.
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We can't really like back out of this now.
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Yeah, you can't really say no.
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And it was like 80 pounds.
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But only with no and how much it was, it probably would have done something else.
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Yeah.
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Yeah, there's quite expensive.
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Train tickets are super expensive.
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So yeah, I would say that in general, such, if you are in Europe or you're travelling
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to Europe or you live in Europe, think about getting an in-sale ticket and also then
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it's kind of guilt free because you're not getting a thousand planes everywhere.
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True.
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I don't mean to lay you feel better about it.
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It's like a 12th of the amount of CO2.
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However, the ferry that I had to get was like, God knows how much more, that didn't feel
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great.
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What were there any big blunders, where did that be financially or otherwise?
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That was.
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Because I feel like there's this perception of travel where everyone's like, oh my God,
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so dreamy, you're travelling.
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It's like, it is exhausting.
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And for me, it just goes wrong constantly.
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Yeah.
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But I think that's also the exciting and the adventure side of travelling.
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Do you know what I mean?
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Like, when you're younger and shit goes wrong and it's like, that's when you learn.
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Okay.
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Next time, I want to put my spoiler alert bag in the overhead locker of the train.
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Okay.
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You know what happened.
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Tell us, tell us, give us some top line.
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Okay.
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So, basically, I was travelling through Austria and I put my bag, bearing in mind, this
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is like six weeks' worth of stuff.
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Also, this is about three quarters of the way through the trip.
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But my bag, above my head, in the overhead storage, as I was pulling into Vienna the
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last stop, my bag was no longer there.
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Had you slept on this train?
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No.
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And you were awake the whole time?
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I was awake the whole time.
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It was like, first thing in the morning, the train ride was about 30 minutes, basically.
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30 minutes?
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Yeah, it was all on the outside.
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Oh my goodness.
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So, basically, I was sitting in a carriage you can have two and two seats, four seats facing
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each other.
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That sat down one of those when I got on, then it got a bit busier, so I moved forward
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one seat, and so my bag was slightly behind me, and then a load of people came on, sat
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down in that four-seater, and then obviously you could just see your bag on its own.
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So, sorry.
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So, everything, they took everything?
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They took absolutely everything, including my passport, which was not ideal because I had
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one flight home right at the very end, so I was like, I need this passport.
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So, went to the embassy in Vienna, got an emergency passport.
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I then got a phone call.
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How much was the passport?
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Yeah.
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Okay, that was £125.
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I think not too bad.
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Not too bad.
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I really thought it would be more.
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I really thought it would be an emergency van comes in.
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Yeah.
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I also had to buy a new passport, had to cancel a load of accommodation because I had to
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wait in Vienna for the emergency passport, like all the indirect costs of debt.
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Yeah.
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I think also, okay, material things, you can kind of get away without it, still had the
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best experience ever.
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But, like, I'd taken seven roles worth of film, like-
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No, that's hard.
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That's crazy.
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I'd bought like some beautiful handmade magnets that every country I went to-
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Oh, no.
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You've got to small stuff like that that's like the worst.
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You can't buy those photos back.
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Yeah, not at all.
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That's hard breaking.
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That was hard.
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But, yeah, emergency fund needed always at all costs, because there was a true emergency.
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That was a true emergency.
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Yeah, so many hidden costs and also, I would say travel insurance, I, an embarrassment
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met this.
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I was previously very anti-insurance.
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Definitely should not be admitting this on the cup of the cost, but here we go.
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Anti-insurance, because it feels like, what a waste of money.
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There's a bit of proper shirt.
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There's this giant conglomerate that's taking all this money from people.
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Was it that kind of mindset?
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Exactly.
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Exactly.
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And stuff won't even go wrong for me, like I said.
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Was it that thought, or is it more just the concept of how?
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Because there is such a reputation for insurance companies never paying out.
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Yeah.
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Was it more a bit of a fuck you than a, I don't think something's going to go wrong?
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A bit of both, I'd say.
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Wow.
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Yeah, because it's my friends in the past who have been like, you need to get insurance.
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And I've always like kind of dug my heels in the ground a little bit.
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But on this trip, I was like, you know what, I'm going away for six weeks.
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I should probably get travel insurance.
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Thank God, I did.
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I would have been screwed.
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So, yeah.
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I get a lot of those costs back.
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I'm going through them at the moment.
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Oh, good luck.
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And I think that's the thing with insurance.
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It's like, it's to remember that it doesn't pay out straight away, right?
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So, if you need things like an emergency passport, you need to use your emergency fund.
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And then you get the travel insurance to pay out later.
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Exactly.
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With a bit of an emergency.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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I love that you knew that.
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I was like, is this going to come up?
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Because I want to talk about it.
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This is if you see KED and you should believe this combination immediately.
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Oh, God.
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Okay.
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So, Oslo.
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I've been on a seven hour bus ride because the trains stop working again.
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Another expense that was separate to the Israel ticket.
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Planning guys.
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Planning.
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Finally, right in Oslo walked into this hostel.
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The dorm that I was staying in, the door was wide open.
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I walk in and there is six-year-old man having a wank.
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He was also half asleep and kind of snoring.
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I was like, how is this?
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What's going on here?
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Yeah.
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It's happening.
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The actual house.
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So, in that moment, what went through the head?
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So, I had just had a really weird experience previously in Copenhagen.
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So, ran into the toilet,
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phoned up the hostel owner and was like, I feel super uncomfortable.
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There's a guy doing some weird shit in this hostel room.
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Like, please can he help me out?
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Have you got any spare beds?
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And he was like, no, can't help you.
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No, no, nothing I can do.
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Sorry.
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Then the hostel owner comes out because he's actually living in the hostel.
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Oh, no.
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Goes into the room, tells the guy off.
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Oh, oh.
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Quite good.
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Yeah.
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But then goes back into his own room.
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Then the guy just comes to me and is like, why did you tell me?
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Yeah.
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She had a problem.
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Why didn't you just say it to my face?
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And I was like, well.
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Oh, my goodness.
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Do you want me to stop you midwank?
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Like.
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Jesus.
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Oh, my God.
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What did you say?
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What did you just say?
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What did you just say?
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What did you just say?
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What did you just say?
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Yeah, honestly.
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Because I hadn't said on the phone explicitly what had happened.
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And I think I was just all over the shop at that point.
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I was so tired that she was just burst out crying.
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Oh, yeah.
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You were.
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Oh, my God.
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And I totally get there.
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And I was like, I'm so sorry.
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Like, I didn't mean to judge you.
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You seem like a really nice person.
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So when it's just you and him there and you're like, OK, how do I diffuse a situation?
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Because I'm alone.
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Yeah.
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And you know, you'd just be a bit like, oh, sorry.
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He didn't mean to.
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But you didn't tell him at that point.
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So he didn't even know why he was in trouble.
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No, no, he didn't.
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Because he didn't know that I'd like caught him.
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Oh, this is so disgusting and bad.
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I don't know.
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I don't know many ways.
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I'm a wife, a six-year-old, and a hostel.
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I know.
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Why is he having a wank?
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I think, though, that's a really, OK.
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So I'm just going to skip through the fact that Emily did not leave the accommodation.
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Which I was like, that is no.
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You need, like, that's bad.
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It's like verging unsafe, I would say.
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And I think in that moment, that's when an emergency fund comes in.
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It's like, I pay for this, but I need to just accept the fact that this is not where I need to be right now.
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This is like unsafe, unsanitary, just bad all round.
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I'm booking new accommodation.
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And it's having money aside for stuff like that when travelling, which I think is really important.
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Because you just can't control what people around you are doing.
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Yeah.
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You're inevitable.
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You're going to find some disgusting old man in a hostel at some stage.
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But being able to choose to leave because you've got money aside to do it, I think, is so important.
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I remember when I was in South America.
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We were staying in a hostel.
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There was, like, eight beds in the dorm.
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And we woke up one morning.
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And it was like late.
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We had, like, 10 AM.
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And everyone had been drinking the night before.
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And so with this other guy.
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And he was absolutely passed out.
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The passed out naked, like sprawling naked.
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And he slept all night, 2 PM.
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And everyone was coming and going.
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So jealous of this.
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And he was just, I was like, it's kind of probably a good thing.
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He doesn't know.
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And he's asleep.
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Because like, he woke up and he was so mortified.
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And then I saw the picture by that I was going to strip off my clothes in the middle of the night when I was drunk.
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You know that you, like, go to bed, comed.
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And you kind of, like, get hot and strip off.
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And then you're like, oh, yeah.
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But see, it's like those stories that make memories.
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I don't know.
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You can laugh about it now.
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At the time.
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Not so much, but.
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Yeah.
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Yeah.
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Yeah.
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Yeah.
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Exactly.
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And then, yeah, the final thing was, this is just before my bag got stolen.
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So like, double amy.
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It was in Poland.
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Had met my friend out there.
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We'd had two aphoros.
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Had got on an e-scooter.
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Is this two aphoros or two aphoros?
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It's two aphoros.
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It's so inverted commas, isn't it?
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It's like, mom, I promise I only had two aphoros.
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And then.
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Can't walk in a straight line.
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We had half a bottle of wine each.
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But like, that was hours before.
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So if you just decided to change the time of alcohol.
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As well, which makes you think you had two aphoros and half a bottle of spurs?
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It's like a very confused.
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But like that, the half a bottle of wine was way earlier in the day.
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And then, yeah, we'd had two aphoros jumped on two e-scooters.
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Was riding for about a minute instantly got stopped by the police.
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No.
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Barely analysed charged 500 pounds each.
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This was irresponsible of us.
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However, let me just say,
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their tolerance is so low.
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They could handle the alcohol.
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It's only half a bottle of wine.
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And, I have had half a bottle of wine and two aphoros.
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Oh, yeah.
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So, there's, the drink driving limit is 0.2.
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In the UK is 0.8, and actually,
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check in New Zealand, it's 0.5.
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So we were at 0.22 to 2.5.
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Right, so you were hardly.
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We were so little, but also just what really asked me off is the fact that the police were
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waiting at the side of the road and got us and then instantly as soon as we left the car
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as soon as we paid £1,000 between us, they had somebody else in the car, we're doing
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it to another person.
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They are waiting for Taurus.
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They obviously had some kind of fine coach that they were trying to get.
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Yeah, yeah.
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When you look at the end of the month, guys, get some money.
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Probably go to the bar and they're like, yeah, let us know when people leave and then
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yeah.
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We'll scoop one in.
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Yeah.
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Make it fast buck anyway.
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Also £500.
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A lot of money.
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Yeah.
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That's so much better.
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So you don't want to argue with authority in an foreign country, I would be like, take
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my money.
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Yeah.
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Exactly.
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God, that's devastating.
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Yeah.
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That was tough.
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And then had my, yeah, all my stuff stolen, so that was not great.
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But yeah.
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Overall, great trip.
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Yeah, great trip.
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All in all.
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It's been a great trip.
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Get an emergency fund in place 100% because I made a budget and I had only saved up enough
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for that exact budget and obviously all of these extra costs were then digging into
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everything else.
14:30
Yeah.
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So get an emergency fund in place as well as your actual budget for the trip.
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Second of all, plan in advance because I didn't and there was so many extra like
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very rides, like cruise rides, extra buses, third, travel insurance, in fact, any kind
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of insurance.
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I think I'm like, I need to ensure my entire life now.
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Yeah.
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And then finally, actually, this is not financial, but it's fine.
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I think, yeah, material things don't actually matter that much, bar the whole photos and
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magnets.
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That was kind of heartbreaking, but everything else, whatever, you can replace that.
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And actually, the final week that I had without all my stuff was the best week.
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Really?
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Yeah.
15:14
It was so much fun.
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Why do you think that was?
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Because you've got an Italian boyfriend.
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Yeah.
15:18
Because you were saying that.
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And maybe in Polia.
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21 hours on a train back to my boyfriend.
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Help me.
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Help me.
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And for the choice.
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No.
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I think that's a good.
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Yeah.
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And also, yeah, who comes and helps you out in those times of need.
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Yeah.
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Especially when you've got no clothes.
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Exactly.
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Help.
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Help.
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He's like, yeah, come on.
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I'll sort you out.
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I'll take care of you.
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Well, look.
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Overall, very heavy.
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Have you back?
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Really glad you got all your limbs at the passport, but, you know, and also just great to remind
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yourself that, like, travel and taking a break from work, you always feel revitalized and
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ready to go.
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You know?
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Yeah.
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The daily grind can get exhausting.
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Yeah.
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And actually, yes, we all need to make money, but also we need to live our lives.
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Yeah.
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We need to make money for holidays.
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Exactly.
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Yeah.
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And get a plan in place.
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Yeah.
16:06
Yeah.
16:07
Yes.
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We've got many things to get through.
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Yeah.
16:10
Why don't we crack right into it?
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Sounds good.
16:14
Number one, DORKS.
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Docks.
16:16
Why are we talking about docks?
16:18
So there, the mean craze is back.
16:21
The mean stuff.
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I love the mean stuff.
16:23
I know.
16:24
You're always like, why are you telling me?
16:25
I'm like, honestly, you have about 30 seconds to get on these things.
16:27
So when this happens next time, I just want to let you know.
16:31
Can you just, I know you sent this to me yesterday, but when did this actually happen?
16:36
Like the days before that.
16:37
Oh, so we'd already missed it.
16:39
By the time it's mainstream media, right, right, right, or on the curved podcast.
16:43
Was it a perring pussy that came up with this again?
16:45
No, this was just, this is just kind of gone a bit more.
16:49
Sorry, can I use your context?
16:50
There was no roaring kitty.
16:52
Yeah.
16:53
Yeah.
16:54
Who used to be the kind of ringleader of these stocks and just for a very quick overview,
17:00
these stocks are essentially, it's almost like a viral, viral investing.
17:04
It's like someone mentions it on Reddit, everyone jumps in, buys the stocks, they shoot
17:09
up, they go up, this is up like a hundred percent, like GoPro's been won just recently.
17:13
And it's up a hundred percent in a week, you know, like these things move.
17:17
We are not condoning investing in these because this is not a good investment strategy, but
17:23
it's just crazy to see more and more meme stocks, like there was kind of one back in 2021.
17:29
And that was the first meme stock.
17:32
And then now there's been like so many.
17:34
It's quite funny.
17:35
Was it again?
17:36
Game stock.
17:37
Game stock.
17:38
It was like a real kind of rundown DVD and Game Store that was like literally about to go
17:44
bankrupt.
17:45
And everyone's like, let's say that.
17:46
And then so they're bought all the shares and then, yeah, anyway, there is, the reason this
17:50
is called The Docks is that that's the name of the four meme stocks that are happening
17:54
right now.
17:55
So you've got Donut, which is Krispy Kreme, Open, which is the ticker for Open Door, which
17:59
is a home buying company, a mortgage platform called Rocket, and then the department store
18:04
calls.
18:05
So that's obviously Doork.
18:06
Do you make this up?
18:07
No, it's like an actual thing.
18:09
Yeah.
18:10
God, the internet's cool sometimes.
18:11
But yeah.
18:12
And then there's GoPro, which is also jumped in there as well, which doesn't really fit
18:14
the Doork.
18:15
Yeah.
18:16
There is a lot of meme stocks happening right now.
18:19
Krispy Kreme's random.
18:21
Yeah.
18:22
But I want to, sorry, kind of ask when they pick what they're going to decide as the next
18:27
meme stock.
18:28
Is it generally companies that are doing shit because their share prices are low, so whenever
18:33
on buys that they can buy them cheap?
18:35
Is that they usually pick the ones that where the share prices are yes low, but also they've
18:42
got a high percentage of their shares that are shorted.
18:47
And this is, remember, this whole thing is a big FU to the huge funds, because when a
18:51
share price of a company, I'm going to explain shorting actually, I'm going to take a step
18:56
back.
18:57
When A.K.A.
18:58
The big short.
18:59
Yes.
19:00
You move there.
19:01
Yeah.
19:02
Anyone seen it?
19:03
Who's in it again?
19:04
Is it Matt Damon?
19:05
I don't know.
19:06
I just made that up.
19:07
No.
19:08
It's, oh my God, what's his name?
19:09
Michael.
19:10
Christian Bell.
19:11
Yeah.
19:12
Christian Bell is Michael Barry.
19:13
Who's that?
19:14
Oh, yes.
19:15
Yeah.
19:16
Anyway, when we buy shares, we buy them in companies because we think they're going to
19:18
grow.
19:19
We buy them because we think, okay, this company is going to be bigger and better in the
19:21
future.
19:22
So there's another way where you can make money.
19:25
And it's buying shares because you think the price is going to fall.
19:29
So you make money when the price, the share price falls, not when it goes up.
19:33
And so you buy it differently, right?
19:35
Right.
19:36
And the best way to explain this is to think about let's say, maybe let's use a menu.
19:43
Okay.
19:44
Okay.
19:45
So let's say, I'm like, cool, really love your sneakers, so can I not be the mug in
19:49
this?
19:50
Can you be the mug?
19:51
Okay.
19:52
Okay.
19:53
Okay.
19:54
You come to me.
19:55
So let's say you come to me and you're like, back, oh my God, like your shoes.
19:58
Can I please, you know, they're like limited edition, super trendy, naturally, because they're
20:02
my shoes.
20:03
And you're like, and, and right now, all those shoes are worth 200 pounds.
20:09
And you're like, cool.
20:10
Can I borrow them?
20:11
Like, can I borrow them for a weekend?
20:13
Like, you know, couple months, what do you run up?
20:15
They're like, yeah, you're cool.
20:16
I see where this is going.
20:17
You go and go, here are my shoes.
20:18
You go, cool.
20:19
Thanks.
20:20
You immediately try them on eBay.
20:21
And you sell them for 200 pounds, because that's what they're worth.
20:24
Without permission.
20:25
Yeah.
20:26
Without permission.
20:27
Yeah.
20:28
Oh my God.
20:29
But you're selling them because you know, for whatever reason that the price of those
20:32
shoes is going to drop very soon.
20:33
Okay.
20:34
So I've got an idea.
20:35
So maybe the person that designed them was Kanye West.
20:37
Yeah.
20:38
And I know because I'm friends with his best friend, he's going to be canceled next week.
20:42
Yeah.
20:43
And those shoes, no one's going to want to wear them.
20:44
Yeah.
20:45
And you have some kind of like other information that I don't.
20:48
Yeah.
20:49
So you go, cool, cool, cool.
20:51
You sell them on eBay for 200 pounds, you pocket that 200 pounds.
20:55
Then a few weeks later, what happens happens and the price falls to let's say 120 pounds.
21:01
Yeah.
21:02
You then go back on eBay and you buy them at 120 pounds.
21:05
You've just instantly made 80 pounds, 80 pounds.
21:09
You then give them back to me.
21:11
Wait, why do I give them back to you?
21:12
I don't get that last part.
21:13
Because you borrowed them from me.
21:14
So I sold them without you knowing.
21:16
Yeah.
21:17
I did a little cheeky.
21:18
And you just told me that you wanted to wear them for the weekend, but you actually just made money out of them.
21:21
Gosh.
21:22
Yeah.
21:23
So I'm like, can I have my shoes back, please?
21:24
And you go, yeah, you're cool.
21:25
You give them back to me.
21:26
They're now worth 120 pounds.
21:27
So I'm kind of almost making money by something falling in value.
21:33
Okay.
21:34
Yeah.
21:35
Because you're selling, then you're buying.
21:36
We're going to give another example.
21:37
Rather buying than selling.
21:39
Do you know what I mean?
21:40
If you buy something low and you sell it high, you make a profit.
21:42
Yeah.
21:43
And it happens if you sell it high and buy it low.
21:46
Okay.
21:47
Well, I reckon we use one more example because I can see I produce the Emily's face and she's looking slightly confused.
21:52
So I think that we do one more example.
21:54
Okay.
21:55
Let's continue on this example.
21:56
Okay.
21:57
When you buy shoes and you buy them at a low price, they could go up and up and up and up and up and up forever and ever.
22:03
Like you could make exponential amounts.
22:06
Yeah.
22:07
But when you buy shoes, the amount that you can lose is only 100%.
22:12
So if you bought shares for 50 pounds, or you can lose 50 pounds, you know, if that sheer price goes to zero.
22:19
Oh, tough cookies.
22:21
You've just lost 50 pounds.
22:22
I mean, you could make 100, 200, a million, you know, like the, the, the right that trees looking very upside up side is like exponential.
22:30
Yeah.
22:31
When you're shorting the same thing happens, but in reverse.
22:36
So let's take this example again.
22:38
Let's say you took those shoes and you sold them on eBay for 200 pounds.
22:42
But hey, we're going to have to complete what hold on.
22:45
So you have cool shoes.
22:46
You want to buy them, but I just borrow them and see it.
22:49
You just borrow them and you go, actually, I blocked you from eBay.
22:53
So you can't see where I put them.
22:54
Yeah.
22:55
And you go, hey, I know Kanye West is going to be canceled.
22:58
And so I'm going to sell these, sell these shoes on eBay for 200 pounds.
23:03
It's going to cancel.
23:04
I'm going to be able to buy them back cheaper, but that doesn't actually happen.
23:07
And so the canceling doesn't happen.
23:10
The canceling doesn't happen.
23:11
I sold them and I'm like, oh, shit balls.
23:12
I need to get these shoes back to that.
23:14
Everyone fucking loves Kanye West.
23:15
Oh, no, oh no.
23:16
And there's been a run on the everyone wants to buy the shoes.
23:19
Then the price goes up to 300 pounds.
23:22
They're very expensive.
23:23
Yeah.
23:24
And then I call you up and I'm like, so for those shoes, I don't think you can have a bag.
23:27
And you go, oh, sorry.
23:32
Yeah.
23:33
I have to now buy them back at 1500 pounds.
23:37
Okay.
23:38
Okay.
23:39
I want my shoes back.
23:40
You borrowed them.
23:41
They're mine.
23:42
Shit.
23:43
They're not yours.
23:44
They're mine.
23:45
Give them back.
23:46
So you're going on eBay going.
23:47
And you're buying them back at 1500.
23:50
And you've just lost.
23:52
Lost 13 hundred.
23:53
Yeah.
23:54
Dollars.
23:55
That's a very good example.
23:57
Yeah.
23:58
So they're kept getting more and more exciting.
24:00
And you want it.
24:01
You were just kept waiting because you're like, maybe I can buy them cheaper.
24:03
Maybe they'll maybe the price will fall.
24:04
Thank you.
24:05
Go up to 5000.
24:06
And you're like, oh, my God, I'm so sorry.
24:08
I am sold your shoes on eBay.
24:10
This is what happened to me.
24:11
Yeah.
24:12
So this is what I mean by the opposite is true that the price can keep going up and up and up,
24:17
meaning you're out of pocket and your losses get bigger and bigger and bigger and bigger and bigger and bigger.
24:21
And this is exactly what's happening with these meme stocks.
24:24
Is that so many people are short their shares.
24:27
So they're in your position being like, I'm going to buy them back cheaper.
24:30
But people have come in and gone, no, no, you're not safe.
24:33
And we're going to show you.
24:35
And then we're going to buy heaps of the shares.
24:37
So they're going up and up and up and up and up.
24:38
So you're sitting there.
24:39
You're sitting there going, oh my God, oh my God, oh my God.
24:41
I'm watching the share price go up.
24:42
Your losses are going up.
24:43
Yeah.
24:44
And it's all these guys in there.
24:45
She lays.
24:46
Yes.
24:47
Who work for these giant hedge funds.
24:48
And it's all these people sitting at home and they're getting computers going.
24:51
We were going to.
24:52
We're going to.
24:53
Oh my God.
24:54
This is so good.
24:55
And there's.
24:56
There's a point right where you go, if you see that all these sneakers going up and up,
24:59
and you're like, okay, I just need to like buy the wallet and.
25:03
And stomach these losses because it could keep going further.
25:06
Yes, it could come down and you could be like, oh, but.
25:09
So it gets to a point where.
25:12
These hedge funds are like, oh my goodness.
25:14
Okay, like we just need to.
25:16
Well, it's usually.
25:17
Usually me.
25:18
I would be like, because I do have some.
25:20
You do have some idea that you've lent your.
25:22
Your shares.
25:23
True.
25:24
It's not like the shoes.
25:25
I would be like.
25:26
Because the risk I guess is that you can't pay for them.
25:28
And then I've lost.
25:29
I've lost out too.
25:30
So there's contracts in place.
25:31
But I would be the one being like, so.
25:33
I don't give a shit.
25:34
But you need to.
25:35
Yeah.
25:36
And give them back to me ASAP.
25:37
Yeah.
25:38
So then there's kind of like rules and limits in place.
25:39
So.
25:40
Yay.
25:41
We've been trying to explain shorting for so long.
25:42
That was really well done.
25:44
That was really well done.
25:46
Did you follow that?
25:47
Yeah.
25:48
Okay, great.
25:49
So anyway, this is what's happening with all these meme stocks.
25:52
One of them is actually American Eagle, which Sydney Swini is doing a big campaign on
25:57
the lottery stuff.
25:58
No.
25:59
That's a joke.
26:00
That's where.
26:01
Yeah.
26:02
So everyone's like, oh my god.
26:03
Is she moving the meme stocks in anyway?
26:04
So.
26:05
Yeah.
26:06
There's a lot going on.
26:07
There's a lot.
26:08
So it's not just social post again, go viral stocks.
26:10
Go viral too.
26:11
Yeah.
26:12
Great one, Lina.
26:13
Yeah.
26:14
Very good.
26:15
Moving along to a bit of a more heartfelt, probably a bit more slightly depressing conversation.
26:19
I think this is such an important one, though.
26:21
Yes.
26:22
Yeah.
26:23
There's been a recent study that's coming out that's shown that finances can actually detect
26:29
dementia very, very early on.
26:32
Yeah.
26:33
This is so fascinating.
26:34
I'm loving the reaction.
26:35
Yeah.
26:36
I've got a live audience in the studio.
26:38
I haven't seen my notes for so far.
26:40
It's just that.
26:41
Yeah.
26:42
I'm worried about that.
26:43
Yeah.
26:44
No, no.
26:46
But yeah, yeah.
26:47
No, I think the reason this is like so interesting is that I actually have a lot of friends or
26:52
family friends who have had dementia and early on set dementia, where you would just never
26:57
assume that that's what's going on.
26:59
And the financial piece has always been, it's not ever been linked in a cognitive way,
27:05
but on reflection.
27:06
But on reflection, it's like, oh, if we'd known that, it would have made a lot more sense,
27:11
like making bizarre decisions with all sorts of different things from stocks to property
27:15
to blah, blah, blah, blah.
27:16
Which is quite incredible that even before the memory or the health side effects sink in,
27:22
you can spot it in the change in patterns and their finances.
27:26
Things like really disorganized bills, paperwork.
27:29
For someone that's really onto it, if that stops happening, that's a big red flag.
27:33
Things like multiple daily withdrawals, because they've obviously forgotten that they've
27:38
overdrawn money and, or they're much more believable for scams.
27:43
And I was thinking, as I was writing this, I was like, oh my god, my mother is so astute,
27:47
she's an accountant.
27:49
I reckon as soon as any of this hopefully doesn't, but if it did start happening, I think
27:53
it would be such a sign, but it can, it's also, it can be detected like five years,
27:59
but five years before someone's diagnosed, they've found, which is, which is a huge
28:04
time frame to, I don't know, get treatment or at least put parameters in place.
28:09
But there is one company, Sibstar, who has got an app that actually helps people
28:14
manage their finances with dementia.
28:16
And I went to a talk with the founder and she was like, I would go, she started it because
28:22
of her mother had dementia and she would go round to her mother's house and she would
28:27
have like 30 bottles of detergent because she would go to the supermarket and not
28:32
realize what she's bought and then buy it all again.
28:35
And she was like, so they've got this app which has limits of being like, no, no, you
28:39
just bought that last week or, you know, that's kind of helps them have that independence,
28:43
but also that's genuine.
28:46
I was like, wow, how cool.
28:48
Yeah.
28:49
That's wild.
28:50
Oh, imagine if you could find out that you had dementia five years before you'd be diagnosed.
28:53
I mean, I don't know if I would want to know because at that point, it's only a tiny,
28:57
tiny, tiny impact, right?
29:00
Imagine, I don't know, I'm kind of in two minds about it in terms of if I would want to
29:04
know, there's not a lot you can do about dementia.
29:06
I think it's why a one-way track.
29:08
But I think from a finance's point of view is like, okay, we can spot this before it gets
29:12
out of control and you're buying 30 things of detergent all the time, you know?
29:16
Or you spend all your money and you're in a position where you kind of forward care or
29:20
yeah, and then from that point of view, definitely.
29:23
Yeah.
29:24
Wow, that's like huge.
29:28
And what an amazing app.
29:30
Also, as of last week.
29:33
Which is actually obviously this week.
29:36
It's the reason that Vic's saying is because she's now really starting to clock on to the
29:40
fact that this comes out four days after we record it.
29:43
Yeah, yeah.
29:44
So this is so last week.
29:46
So last week.
29:47
Yes, there has been rules introduced that across all the big tech companies.
29:52
So like Reddit, Google, Meta, X, Apple, all of them, that they're using AI from preventing
30:02
under 18s from seeing unsuitable content.
30:05
Oh, yeah.
30:06
Good luck.
30:07
Good luck.
30:08
Getting disorders, suicide, all of that.
30:10
Wait, hold on, is this a good thing?
30:12
Sorry.
30:13
Yeah, yeah, yeah, yeah.
30:14
Sorry, yeah, yeah, yeah.
30:15
All of a sudden I was like, is this good?
30:17
Yeah.
30:18
Like a question mark in terms of, I saw someone post something the other day and they were
30:23
like, he's just a comedian in Australia.
30:25
And he was like, my video's been taken down because it's unsuitable content.
30:30
But you will see, and it was like some other really like messed up thing that had been kept
30:34
up there.
30:35
And his whole kind of joke or skit was around the fact that it's ridiculous that what he
30:40
put up is like not community guidelines.
30:45
Blah blah blah.
30:46
And yet there's all this really awful stuff.
30:48
So that's the reason I second token was like, is this good?
30:51
Yes.
30:52
Well, we actually got an email from Apple being like, hey, just see if I, like if your content
30:57
is not appropriate, we won't, and I was like, I'm not in appropriate content.
31:02
What do you mean?
31:03
So what was the amount?
31:04
Sorry, why was I not flagged?
31:05
Well, because we have an app, right?
31:07
And Apple.
31:08
So Apple, if they're found, any of the big tech companies is found to be putting content
31:13
like this in front of eight under 18 year olds.
31:15
And if you're breaking the rules, you can be fined 18 million pounds.
31:20
So this is just in the UK, by the way, 18 million pounds or 10% of your global turnover.
31:26
So for meta, that's 16 billion dollars that they could be fined.
31:31
That's amazing though.
31:32
So they're taking it really seriously.
31:34
Well, it's like a couple of million pounds or dollars, whatever it is, they're not going
31:37
to do anything about it.
31:38
That's like cool.
31:39
So who has put this in place and who's enforcing it?
31:42
It's like the UN.
31:43
I don't even understand how this works.
31:45
So this is like the within each country.
31:49
So you've got the EU, you've got UK, US, they're all doing their bits.
31:54
Like in New Zealand, for example, there's a campaign before 16.
31:58
Yeah.
31:59
And it's to get all the tech companies to not be putting any of this in front of under 16 year olds,
32:04
which is incredible.
32:07
So we will link that, actually, for anyone who is a mum or interested in trying to protect
32:11
the youth in New Zealand, we will put a link for you to sign that, because sign the petition.
32:16
But that's just run from people that want to see this action take place.
32:22
You know what I mean?
32:23
They're trying to get it into government to be regulation, to be actual law.
32:28
But right now, you can still do this.
32:31
So that you basically, sorry, obviously must the key point here that the UK has put this regulation in place.
32:36
No, they're using AI to ensure that no under 18 year olds see that content,
32:42
because it is now against the law in the UK.
32:45
Oh, that's amazing.
32:47
And I honestly think this would just be become more and more.
32:51
But thank goodness.
32:52
I mean, I can't even imagine.
32:54
I mean, it was hard enough being a 14 year old at school when I had my little alcohol.
33:00
I can't even imagine how overwhelming it would be to be a child in the world.
33:04
And I'm sorry, like I know that it's really important.
33:07
All of the stuff that people are sharing on Gaza and what's happening there.
33:11
And it is so important that people share that stuff.
33:14
But can you imagine being 13, not knowing what or how you can help,
33:19
and seeing content like that, or like not just that, but just anything that is overwhelming for a young child,
33:25
that like they don't know the context or they don't think they can't process it.
33:29
I mean, like it's hard to process as an adult.
33:32
I think that the...
33:34
There is the flip side to it, right, where they should know what's going on.
33:38
No, I guess people that are young people that are feeling vulnerable and isolated,
33:44
it is a way to connect and have community.
33:48
But I think the majority aren't ways that minority, do you know what I mean?
33:52
Like I think that the overwhelming damage that social media does,
33:56
I think there's going to be...
33:58
Is the lesser of the worst evil thing?
34:00
Yeah, there's got to be ways that we get around, you know,
34:02
supporting young people that are feeling vulnerable, that is not social.
34:06
Because that is just like doing too much damage.
34:08
And hey, maybe there'll be less vulnerable people that we took away,
34:10
social media, you know, like it's kind of all intertwined.
34:12
Yeah.
34:13
Anyway, it's such a weird world sometimes.
34:16
Yes.
34:17
We all know there is such discrepancy when it comes to pay,
34:24
from senior management all the way down to every single employee.
34:28
Yes.
34:29
It's funny because remember that I can't remember what table it was,
34:32
but it was the top paid people in the world.
34:34
And whoever some of those CEOs were earning billions,
34:37
it's just absolutely crazy when there's people then who are earning minimum wage.
34:41
And I get it, like they've got more risk, they've got more responsibility.
34:44
But the Starbucks lie, you're just turning up to a meeting and saying yes and no.
34:49
You know, like sorry.
34:50
You're not.
34:51
No, but yeah, yeah, yeah, that is obviously way more pressure.
34:53
I know that I think.
34:54
No, no, no, no.
34:55
If that's what you think, yeah, anyway.
34:57
No, my point is like no amount of money, trillions of dollars.
35:02
Like how much?
35:03
I just what I'm saying is like yes, there's more risk and responsibility,
35:06
but not 6,066 times more, which is what the CEO of Starbucks gets paid versus a barista.
35:14
Like 6,066 times.
35:18
Oh my god.
35:19
Absolutely crazy.
35:20
And this is actually a really shit coffee.
35:25
He earned about 100 million and the average barista is about 15,000.
35:32
Yeah.
35:33
So yeah, that's a lot.
35:35
But it sparks.
35:36
I give quite a big debate.
35:37
That's kind of spiraling because the Macquarie CEO, which is a big bank in Australia,
35:43
she gets paid about 24 million.
35:46
And like all because your private company, all this stuff has to be disclosed.
35:49
So as soon as they hear she, I'm like, nice.
35:52
I'm like, do it for the woman.
35:55
But you know what?
35:56
Take everyone, they all get ridiculed because they are earning so much more.
36:01
And it's just like creating that divide and that pay disparity.
36:04
And I think there is a fine balance between your base salary to be, you know, appropriate.
36:12
But then your overall conversations are maybe if your shares hit, you know,
36:17
a 50% return in the first year or something, then you get a bonus.
36:20
Like I think, I think incentivizing good performance in the company is much a bit,
36:27
a way better structure than like the Netflix CEOs, the co-seos get paid 14 to 15 million just a base.
36:35
What do you be doing?
36:37
Also sorry, I just did a weird snort out of my mouth.
36:39
It was such a weird noise.
36:40
Did you hear that?
36:41
Yeah.
36:42
Sorry.
36:43
But like imagine 14 million did you say?
36:44
I just feel like I'd be really disincentivized.
36:47
Because I'd just be like, I'm getting paid.
36:50
But I also think, you know, you're not going from earning 45,000 pounds to 14 million.
36:57
Do you know what I mean?
36:58
Like I think it's like, you've obviously been earning quite good money on your way up.
37:02
I would get the first monthly salary amount and be like, see you.
37:07
Get a million dollars and just be like, bike, where are you?
37:10
Hello.
37:11
Sorry, I pulled a flight to Greece actually.
37:13
I've decided to leave the country.
37:15
I'm not coming there.
37:16
But then if we look at it on a grand scale.
37:18
So let's look at the, if we look at the average and we look at the S&P 500,
37:21
which is the top 500 companies in the US, the average CEO to worker ratio is like 285 times.
37:32
So like the average CEO is getting paid 285 times more than the employees at the firm.
37:40
Even that.
37:41
It's either they have to pay their employees more or they should reduce their salaries.
37:46
And I think it's paying employees more.
37:48
But then that leads to inflation and then it's like, oh, that's whole.
37:51
I feel like this is fine to share.
37:52
We pay him, let us say, and there's what we pay ourselves.
37:54
Yeah.
37:55
Which I feel is a great way to do it.
37:57
Because you kind of feel like you're in it together.
37:59
You know, I feel like as soon as you've got a CEO or a leader that's earning heaps and heaps more,
38:06
I don't know.
38:07
I think it kind of gives this weird sense of authority.
38:11
It makes the hierarchy.
38:12
I think you earn respect based on the fact that you bring skills and leadership in a way that someone
38:19
is feeling like they're learning from you.
38:21
I don't think that that is just based on the fact that someone feels almost scared of
38:26
or so out of debt for so distant from the person that's leading because they're paid
38:31
astronomically more.
38:32
I think in a small company that's like, but in big corporates when someone is doing a much
38:39
more low skills, you know, job versus someone leading a multinational, you know,
38:45
making decisions.
38:46
Yeah.
38:47
Then I can see there should of course be a discrepancy, but what is the appropriate figure,
38:54
right?
38:55
Is it 200 more?
38:56
Is it new?
38:58
I do think we're starting to get closer to there being almost formulas to use for this
39:06
kind of thing.
39:07
In the sense that, you know, now, you know, salary bandwidth is almost compulsory in a lot of
39:11
places to share.
39:12
Yeah.
39:13
I kind of love that public companies have to disclose it.
39:15
Yeah.
39:16
But what I mean is I think that we're probably going to start seeing method behind the madness
39:21
in terms of how people price out different jobs and job descriptions.
39:25
Yeah.
39:26
I don't know.
39:27
I feel like we're starting to head towards a place where there's more of like a way to figure
39:32
out based on hierarchy, based on skills, how people are paid based on chat GP2.
39:39
How much?
39:40
How much does that work?
39:42
But also the thing with Starbucks is that workers have been fighting and like protesting
39:51
and all this for better, better paying, better conditions.
39:55
So it is kind of a slap in the face when your CEO comes out with one of the largest disparities.
40:02
You know, it's like...
40:03
But they're striking in Starbucks.
40:05
Yeah, they're striking.
40:06
All the Starbucks workers are striking to be like, hey, you're only paying us peanuts.
40:09
Can you pass more?
40:10
That's so cool.
40:11
All he has to is take one million off his salary and spread it around for every one hour
40:16
and they'd be pretty happy.
40:17
Like, gosh, that's quite terrible actually.
40:19
And also, it comes back to the tax reforms that Trump put out as well in his big beautiful
40:23
bill that was to benefit like the tax cuts that...
40:28
Can we call it the BBB or something?
40:30
The BBB?
40:31
I can't deal with the idea of...
40:32
Again, it's called the BBB.
40:33
Because I can't deal with the idea that we can do in a big beautiful bill.
40:37
I know.
40:38
Like, absolutely.
40:39
I know.
40:40
But CEOs are expected to have about half a million dollars in tax cuts versus the average
40:47
typical worker, about $800.
40:49
So it's definitely benefiting the more wealthy.
40:53
So it's just adding to that, I guess, that discrepancy in that pace.
40:58
Which is great.
41:00
Thanks, Trump.
41:01
Speaking of very rich people.
41:02
Anyway, yes.
41:03
There's been some data that's come out about the richest country in the world.
41:07
I don't know what this is, so can I guess it?
41:09
Yeah.
41:10
Give me some clothes on what country?
41:12
I mean, geography is probably my worst skill ever.
41:15
Oh, I think if I give you a clue, though, you'll get it.
41:17
China.
41:18
No.
41:19
Let me do my preamble.
41:20
Okay.
41:21
Okay.
41:22
Okay.
41:23
So this is coming down to things like...
41:26
Sorry.
41:27
You just go back to your key.
41:31
Okay.
41:32
So it's somewhere we Emily went on her trip.
41:41
Love the wania.
41:42
No.
41:43
Or some region.
41:44
Or some region.
41:45
Originally.
41:46
Yeah.
41:47
Norway.
41:48
Norway is the richest country.
41:51
And this isn't based on like...
41:53
Because prices differ with different countries, right?
41:55
You've got exchange rates and all of that.
41:57
And like, you can have a pretty modest salary and actually go far off the prices are cheaper.
42:00
So it takes in so many different aspects.
42:03
So it's more like the salary of this living costs.
42:06
Yeah.
42:07
Like you can have a high income, but like maybe that you have fewer hours.
42:10
You have to work because it's a really productive country.
42:12
So all of that comes into play and it is Norway.
42:15
Wow.
42:16
Yeah.
42:17
So it's the idea that based on how much people get paid, based on how much people pay for things like
42:23
electricity and rent and blah, blah, blah.
42:25
Yeah.
42:26
People are...
42:27
Or feel or kind of can have a lifestyle or...
42:31
Yeah.
42:32
It's like the output of the country.
42:34
So in terms of like GDP.
42:35
Yeah.
42:36
So GDP versus hours worked.
42:38
So it's like if you're really, really effective in a fashion.
42:40
So they're working for us a day, but they've got a very expensive country.
42:43
Emily, could you jump on the microphone please?
42:45
Because I think you've been to this country.
42:48
You just put your hand up.
42:49
Like you want to ask a question.
42:50
Sorry.
42:51
Oh yeah.
42:52
My question was, what is GDP?
42:53
What does it stand for in Norway?
42:54
I mean, good question.
42:56
Gross domestic product.
42:58
And it is effectively the amount of activity in a country.
43:03
So the amount that you put out.
43:04
The net worth kind of.
43:05
It's kind of like the value of a country.
43:07
So the amount that they produce essentially.
43:09
So like China's in the US, the GDP's massive.
43:13
Like trillions and trillions of dollars.
43:15
New Zealand's more country, not so much yet.
43:17
But I guess then the idea of the richest country
43:20
would be looking at the GDP versus the people that are putting energy and time
43:25
and what they're being paid.
43:26
And then...
43:27
So it's almost like looking at companies in a way.
43:29
And if you look at their profit versus how much they're paying for their expenses,
43:33
kind of, the ones that are paying not a lot,
43:36
but are making heaps of money, you would kind of think of the richest.
43:39
Or in a kind of weird side step way.
43:42
Because that makes sense.
43:43
That makes sense.
43:44
Yeah.
43:45
Okay.
43:46
So it's more like obviously the living conditions in the likes of India and China
43:51
and, you know, are not not great.
43:54
But they're producing lots and the GDP's really high.
43:56
So it's taking into account a lot of factors.
43:58
But yeah, quite interesting.
44:01
One of the things that I did note, this is in Denmark.
44:03
I feel like they do have this in Norway and maybe Sweden as well
44:06
and we were talking about this.
44:07
All of the public bins had almost like a shelf next to them
44:11
where everybody would leave their bottles and cans, like last bottles and cans.
44:15
Oh, that's amazing.
44:17
So that people could come around, collect them.
44:19
And then if you go to a recycling point, you get money for it.
44:22
So they're incentivizing people.
44:24
Exactly.
44:25
And also helping the homeless to make some money.
44:27
So you copy paste.
44:28
Yeah, exactly.
44:29
And there's a lot of things that you can do.
44:30
You can't just copy paste.
44:31
Copy paste.
44:32
Copy paste.
44:33
It's not that hard.
44:34
Don't be original.
44:35
You're ridiculed though.
44:36
Just like putting our bottles next to the bin.
44:38
They were like, what the hell are they doing?
44:39
But like even when I was in Turkey last week, I was hiking up from the beach
44:42
and there was all this from a bush.
44:43
And I knew this was going to happen.
44:45
I picked up like five things.
44:46
And then you know as soon as you start, you're like, oh no.
44:48
I started doing it every time I see something.
44:50
I feel like I need to put it out.
44:51
But then at one point, I was going through these ruins.
44:54
And there was this big giant mound of just people that had put rubbish in one spot.
45:00
And I nearly went to put it there to think, oh perfect, here's a spot.
45:03
And I was like, no one is picking that up.
45:05
Like don't act as a pile.
45:07
It's like when I first got to London and I would see rubbish on the ground and I'd pick it up.
45:11
And then I realized, this is never ending.
45:14
Yeah.
45:15
You kind of end up as a fetus.
45:16
Which is a shit.
45:17
Really shit.
45:18
Where's it happening?
45:19
Because you're already at a stage where there is such little litter.
45:23
That thing, if you pick it up, it kind of feels really great because you're solving a bigger problem.
45:27
Whereas in London, you're like, oh god, you're saved.
45:30
But I think that thing comes back to the system, right?
45:32
And if you look at somewhere like Norway or whatever, if you put shelves in everywhere, people get on board.
45:38
Or if you do Singapore, you get fined to the cows come home if you actually litter.
45:42
Like just find people.
45:44
Yeah.
45:45
Correct.
45:46
Imagine if you couldn't say, I know.
45:48
Imagine if you couldn't litter or like you couldn't say a bad word between one or you couldn't.
45:52
And you'd get fined heaps.
45:53
Oh my god.
45:54
Can I just tell you something funny?
45:55
Sorry.
45:56
I just reminded me of something.
45:57
I remember being in a car once and someone no joke opened their door and dropped out like a McDonald's bag of rubbish.
46:04
Like literally just put it on the ground.
46:06
I drove past and I was like, what's wrong with you?
46:09
Nice.
46:10
Do not.
46:11
I'm sorry.
46:12
I'm sorry to like, what disgusting pig?
46:14
Like get.
46:15
But also like, I'm so lazy.
46:16
What do you think is happening?
46:17
Also looking down to that.
46:18
If I was in a car with you guys and I just threw my McDonald's out the window.
46:21
I was like, um.
46:22
Yeah.
46:23
I think there's people in the car that don't really say anything.
46:25
It's like, yeah.
46:26
I was like, I remember when I was hiking much in the future and I ate a banana and I threw the banana peel.
46:31
I was like, young and I was like, it's neck.
46:34
It's neck.
46:35
It's neck.
46:36
And this lady behind me.
46:37
She was like, excuse me.
46:38
And I was like, oh, I know she didn't say anything.
46:40
I was just like a little brat.
46:41
Anyway, she was like, do you know how long this can take to get the decomposed?
46:44
What if everyone threw the banana peel?
46:46
And I was like, hey, I picked it up.
46:47
And I had to carry it for like the next eight hours.
46:49
Do you better know when you go on high?
46:51
Now that I know and I'm wager Caleb.
46:53
I'm like, I can see why she was saying what she was saying.
46:57
But I think it was just, you know, just authority.
46:59
You're just like, shut up.
47:00
You were such a brat in there.
47:01
Yeah.
47:02
And I was like, no, fair enough.
47:03
Now I'm like, what was I thinking?
47:06
I just think I even think cigarette butts.
47:08
Like when people just throw them on the ground.
47:10
I'm like, that is not going anywhere.
47:12
I just literally put it in a bin or an ash tray and throw it out.
47:15
That's allowed.
47:16
That's not what I see it though.
47:18
I feel too awkward to say it because I'm obviously in a setting where it's like social
47:22
and people are drinking.
47:23
And there's like a little calamity dies.
47:24
I'm like, oh, pick it on.
47:26
I didn't.
47:27
You just start picking up all your friends cigarette butts.
47:28
It's just, yeah, it's too far.
47:29
Have a little bag.
47:30
I was walking behind somebody and somebody did the exact same thing.
47:33
But with a disposable vape, just chucked it on the ground.
47:36
And I was like, oh, you're like, no, no.
47:38
I know smoking and spaving a kind of similar.
47:40
But that's crossing the line.
47:41
I'm pretty sure.
47:43
I'm pretty sure disposable vapes are illegal now in the UK.
47:47
You can't buy them.
47:48
When I was in Turkey, there was this guy.
47:50
I'm sorry.
47:51
This is quite rude.
47:52
But he had seriously the largest stomach I've ever seen.
47:56
Like enormous.
47:57
Good on him.
47:58
He was an installing dog.
47:59
But he was holding this baby.
48:00
That was kind of like sitting on his stomach.
48:04
Did you go up to him?
48:05
He was going to be a boy.
48:06
Like he's on this enormous vape.
48:09
And then just going.
48:10
And blowing his face.
48:12
But he was smelling.
48:14
And the baby.
48:15
And the baby.
48:16
Sorry, it's not funny.
48:17
This is bad.
48:18
But my point is I was just like, what part of you thinks that?
48:21
That is just terrible parenting.
48:23
Do you know?
48:24
Do you have any education?
48:25
I don't know.
48:26
Yeah, maybe.
48:27
I don't know.
48:28
But I was like, I could smell his vanilla from the other side of the beach.
48:31
It was just so gross.
48:33
And on that lovely image of him, his baby and his vape.
48:38
Yeah.
48:39
We're going to wrap this up.
48:41
Thank you.
48:42
I would just like to say, I think you put more effort in today than normal.
48:49
There was so many interesting bits in that.
48:52
I feel like I am so much smarter.
48:54
Okay, cool.
48:55
What makes weeks might not be as good.
48:57
No, I'm just joking.
48:58
It will be great.
48:59
It will be great.
49:00
Yeah.
49:01
Yeah.
49:02
Sorry.
49:03
Also, for anyone that hasn't listened yet, we put an episode out last week.
49:06
Last week, with Chloe Swabrick, who is a New Zealand-based politician.
49:11
However, we just spoke about politics generally.
49:14
It wasn't specific to any country.
49:17
And if you are interested in learning about politics and money, it was a really great episode
49:22
to listen to.
49:23
So we'll link that also in the show notes.
49:24
We'll just search it.
49:25
I think it's, what do we call it?
49:27
Politics and money or something.
49:30
The systems that developed theory-powerful title.
49:32
Yeah.
49:33
I thought, very good in money.
49:34
Well done.
49:35
Yeah.
49:36
Thank God for that.
49:37
We would have been like...
49:38
Chloe, Vic, and...
49:39
Sorry.
49:40
101.
49:41
Money and politics.
49:42
Okay, bye everyone.
49:43
Have a great week.
49:44
Bye.
49:45
Thank you so much for listening to The Curve Weekly.
49:47
Make sure you hit the subscribe button to stay up to date with all the many business stock market news.
49:51
And, if you like what you heard, we would love a review.
49:54
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49:55
Yes.
49:56
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49:57
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49:58
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50:00
No, but in all seriousness, could you please leave a review?
50:02
Because it really helps other people find our cute little podcast.
50:05
And we hope you have a good week and see you next Monday.
50:08
Bye.
50:09
Bye.
50:10
See you next Tuesday.
50:12
Wow.
50:13
See you next Tuesday.
50:15
I mean, Monday.
50:17
No, actually though.
50:18
New episodes out every Tuesday.
50:23
Okay, quickly.
50:24
The Curve was created to empower and educate you about investing, but we are not financial advisors.
50:29
Our platform exists for educational purposes only and it doesn't provide personalized investing advice for your individual needs
50:35
and should not be relied upon to make an investment or financial decision.
50:39
And always remember to do your own research before making any investment or financial decision.
50:43
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50:47
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50:49
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50:50
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