Latest / The Curve / TCW77: AI girlfriends, Supreme’s new owner, and Alphabet’s big buy.

Transcript

TCW77: AI girlfriends, Supreme’s new owner, and Alphabet’s big buy. · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm poor.
• 0:15
  How are you there? Okay, so, I'm good. It's so funny, we just recorded a podcast before this
• 0:22
  and I felt so rude not asking you like, how's Italy, but I know. I know.
• 0:27
  For the podcast. So how is Italy? We're in like a little hotel room, which I've actually not
• 0:32
  stayed in hotels and everywhere I always would just do it. And I'm sorry, you booked that
• 0:36
  so last minute. Oh, I had such a... Right, on the beach. Yeah, basically I um, I messaged
• 0:42
  different about she was the one who told us to come here and she gave me a number of
• 0:46
  unlocal who gave me a number of this hotel. So it's not on like booking.com or Airbnb or anything.
• 0:52
  It's a total like family run place like right on the beach. It's so gorgeous. Yeah,
• 0:57
  it's super cute, but it's so funny. Yesterday we hired this boat, which was like four horsepower.
• 1:02
  So like the slowest boat on the whole of the Amalfi coast. And um, we were just like
• 1:08
  ticky touring up to and we found the most amazing like beaches with just locals. Like everyone said
• 1:14
  to me, do not go to the Amalfi in July. Like it'll be of run with kids and tourists. It has been like
• 1:20
  this morning we did a hike over the hill and there was not one person. Amazing. So I think we've
• 1:25
  nailed it on the location. If anyone's looking for a um, recommendation, get in touch. And is it
• 1:32
  expensive? I've heard of Amalfi is... It's only 200 euro a night for the hotel. Oh yeah. Which is
• 1:38
  actually, I think we're spending about 180 New Zealand a night. So what you said it's 200 euro a night?
• 1:46
  Yeah. That's not 180, Kiwi. Yeah, each. Oh each, sorry. Yeah, sorry. Yeah, yeah. Because we, he's
• 1:53
  on a bit of a budget and because he hasn't got a job yet. And so we were looking up actually.
• 1:57
  He's, who's he? Fanboy, my boyfriend. Yeah. What? I know. I got a boyfriend, everyone. No, but we
• 2:06
  were looking up the different like costs of what would be like cheap bougie and like medium.
• 2:14
  And I actually, if it was really an interesting and quite helpful guide because basically like
• 2:20
  the expensive and I think this is over and above accommodation would be about 300 pounds a day.
• 2:25
  So about 600 New Zealand. The medium is about 140 pounds a day and then budget is apparently 55 pounds
• 2:34
  a day. Is this accommodation? No, this is above accommodation. So like you're spending money,
• 2:38
  your food money, that kind of thing. Oh, okay. Yeah, I was like 55 pounds a night. I was like you're
• 2:43
  saying in probably a hostel. Yeah, yeah. No, no, no, no, no, no. But we went for the medium. So
• 2:49
  we've averaged like about 75 pounds each a day. Nice. Which is actually really hard to stick to.
• 2:55
  We're keeping like, should we get cheap snacks and go eat them at the beach? So they're like 74 pounds
• 2:59
  of that. It's probably on margaritas or apparels. It's not. We've hardly been drinking. It's been
• 3:03
  really weird. Like I've... No. It's been nice though. It's been so nice. But I actually do have a bit
• 3:09
  of a, this is Vic's fault. I was like, I can't believe I listened to Vic's. So basically,
• 3:14
  on the boat yesterday, we were ticking to herring up, stopping at cute little beaches on the slowest boat
• 3:19
  ever. So much fun. But I didn't put any sunblock on because I had that crazy really intense
• 3:26
  fact tan done just before I left. And Vic was like to me, oh, oh, like you don't even tan through
• 3:32
  a fact tan. Like it's just so annoying. You come back and then the tan's come off and you don't
• 3:35
  have a tan. So there I was for the entire day from 10 a.m till 6 p.m. not wearing sunblock.
• 3:42
  I am so burnt that we had to like cancel our plans today and just sit in the shade.
• 3:47
  Oh, I'm sorry. We were both like, you listen to me for financial advice. Not, not skin, skin care
• 3:54
  advice. Oh, honestly, like both of us are just lying in bed last night. Like don't touch me.
• 3:58
  Oh my god, romantic. Oh my god, that's so funny. So sort. Our sunburn is so bad.
• 4:05
  But over here, it is really different. Like I think if we'd been in the sun without some
• 4:09
  block for that amount of time and the sun hemisphere, we would have third degree burns and be in hospital.
• 4:13
  Like it was, it's just so different, the sun, but just for anyone if I put some block on.
• 4:23
  Oh my god, I'm like looking down at the beach right now and he's like sitting on a
• 4:27
  lounger. Wearing clothes and in the shade. Oh, because he's sunburned. Yes, oh god.
• 4:34
  Let's hurry up and work our way through this finance chat so I can get back to the beach.
• 4:39
  The beach. So have you missed me though? Quickly, have you missed me? How have you been going on?
• 4:45
  It feels like so long. It doesn't say so long. We can hear sirens in the background.
• 4:49
  Yeah, it's London for you. It's also 30 degrees here today, which I am excited about.
• 4:55
  Finally, summer is here. Okay, thank goodness. But let's get on to some finance news because
• 5:02
  that's what he runs here for, not the sunburn. Sorry. Also not complaining, having the best time,
• 5:08
  just blaming you. Yes. So there is an eyewear company. So it's like the biggest eyewear company
• 5:17
  in the world. And it's called Esselauloxadica. Oh my god. And it is, I know it's a bit of a mouthful.
• 5:25
  It was the merger of Esselauloxadica, like two companies that merged anyway. It's the world's
• 5:30
  largest eyewear company. And it has announced that it is buying supreme. You know, supreme the clothing
• 5:39
  brand. Yeah, the streetwear brand. Yeah. So supreme is actually owned by VF Corp, which is a public
• 5:46
  company, and VF owns Spans, Timberland, Dickies, North Face, all those cool brands. And it's selling
• 5:54
  supreme to this global eyewear company, which I'm kind of confused about. I'm like, why would you
• 6:00
  buy a kind of a streetwear brand? Sorry. Who owned supreme and why would they be selling it?
• 6:06
  VF Corp. So they owned it. And they've owned it since 2020. So only for like four years. And they
• 6:13
  bought it for 2.1 billion. And they're now selling it for 1.5 billion. So it made a little loss on it.
• 6:21
  Yes. But you remember that you remember the brand? It did like all this hype wear with
• 6:25
  Louis Vuitton. They did like co-labs. And like it's quite I think it's quite a cool brand. I'm
• 6:30
  surprised. I'm surprised by selling it too. Also, I'm surprised that it's worth so much less.
• 6:34
  I feel like the last few years frames done pretty well. Totally isn't like external view. It's like
• 6:40
  in terms of people who wear it and the brand. It feels like it's doing quite well. Yeah, but this
• 6:45
  is a law locksettica company. So it owns like the most iconic I wear brands like Rayban, Oakley,
• 6:52
  Vogue. And it also actually makes frames for real high-end labels like Versace, Chanel, and
• 6:58
  Prada. So it's honestly like this company is massive and it's listed on the French stock exchange.
• 7:04
  Cool. So I think there's a kind of a case of like they're just building out their portfolio
• 7:08
  and diversifying away from you know, I wear into streetwear by the looks of things. But with this
• 7:14
  company as well, Meta has actually is there in talks to purchase around a five percent stake in
• 7:22
  Esselaul, Xettica, because really they want to develop smart glasses. No. Yeah. Which is quite
• 7:29
  interesting. So that's that's a 4.5 billion euro dollar investment for Meta. I want to invest in
• 7:37
  that. That sounds fascinating. Yeah, but so this company has done well over, yeah, I mean,
• 7:43
  it's IPO in 2000 at 15 euros and it's now 200 euros. So it's done pretty well. Been around for
• 7:52
  a long time. I can totally see that happening smart glasses. Like I never thought about it until now.
• 7:59
  And I mean just thinking about smart watches and everything. It makes total sense.
• 8:04
  But would you wear like, I don't think I don't even like the Apple watch. Yeah. I don't know.
• 8:09
  A phone is enough for me. I don't need glasses. I mean, I just think it might be like the AirPods
• 8:14
  though, where we are like, why would we want to have them attached to our ears the whole time?
• 8:18
  And now I could like sleep in my AirPods. True, true. Yeah. But also, Meta is getting into like the
• 8:23
  Metaverse and all of that artificial reality. Maybe the glasses they're going to like to
• 8:27
  for the Metaverse to like, I don't even get the Metaverse. Good way for Meta to get scale in
• 8:33
  terms of smart glasses would be staying in the world's biggest eyewear company. Did they partner
• 8:39
  with a watch company before they did Apple watch? Like, was that a similar situation where the
• 8:45
  S.R. law locks out a car or whatever it's called for the glasses? Did they partner with, I don't know,
• 8:50
  like a big watch company? Did Apple know Apple because Apple is more consumer products already,
• 8:56
  you know, like they do laptops, they do. Oh my God, I was getting confused between
• 9:01
  Meta and Apple. Yeah, I thought so. Look, say, sorry. Got it. Meta is Facebook. Yeah. Got it.
• 9:08
  They've got there. Yeah. I'm on holiday. Yeah. And then also, do you remember that movie,
• 9:16
  her? Did you ever watch that? Oh, I think I did. Was it really bad? Was Scarlett Johansson,
• 9:22
  and she was the AI girlfriend in the earpiece? Yes. Yeah. And he falls in love with the AI
• 9:28
  version of Scarlett Johansson. It was kind of creepy and weird. I think I went to set in the movies.
• 9:33
  Yeah. Yeah, it is weird, but it's also weird that it's now happening in reality. So there is a
• 9:38
  tiny Japanese startup that is turning the her dating AI dating into reality. So it's linking
• 9:45
  up lonely men with AI women. I reckon this is going to take off. It's gone crazy. It's called
• 9:52
  lovers. It's only a year old, and it allows people to interact with only AI-generated people,
• 10:00
  which is so crazy. Wow. If you're lonely and you want to chat to someone, I get it, but it's
• 10:07
  not a real person. Do you know what that's going to really ruin the market of sugar daddy
• 10:13
  messages on Instagram? Oh, yeah. Keep them all the time. Off-message. Hey, $5,000. You look sugar,
• 10:20
  baby. And I'm like, no, I'm kind of tempted sometimes when they're like, do you want them to meet her?
• 10:25
  For $5,000, and I'm like, I just cannot know. I'm going to text my friends back, let alone,
• 10:31
  you know, like someone that I really kind of would rather avoid, but that's paying me. Yeah.
• 10:36
  But Japan has a real loneliness crisis going on at the moment, because it's got an aging population.
• 10:42
  So a lot of people are living by themselves. It's got a real issue. It's really sad. Yeah, it is
• 10:47
  really sad. This company is really trying to fix that issue by giving people, you know,
• 10:52
  someone to talk to, someone to be there. I think it's quite a good thing, but I'm also like, when
• 10:58
  does it end? Is it taking off and also is it a private or a public company? So it's a private company
• 11:06
  now, but it's just like showing the trends of where AI is going. And I think there's some positives
• 11:12
  in it. I hope you read this article and this guy's like, you know, I can talk to multiple,
• 11:16
  I can have multiple girlfriends at once and they're not going to bump into each other.
• 11:19
  You know, they're not going to know I can juggle multiple partners. I was like, oh my god,
• 11:22
  this is a disaster. It's probably just like, it's like making polygamy not hurtful for people.
• 11:27
  Yeah. And then there's also like, they're saying that it can reduce and prevent extra marital
• 11:33
  affairs. So people instead of actually having an affair with someone.
• 11:38
  Oh my god. I know. So they can have like a fake affair. So they get the thrill, but they're not
• 11:42
  doing anything wrong. Yeah. But then they're like, I think they kind of are doing something wrong.
• 11:46
  But then I was going to say, it's like emotional affairs. Most people would argue emotional
• 11:52
  affairs are more hurtful, which is technically what that would be. Yeah. But emotional
• 11:56
  fear with a computer. Oh, like, would you be that's so amazing. Imagine fanboy being like,
• 12:01
  sorry, I've been messaging Jessica 4525. Yeah. Do you know what? I actually think I remember
• 12:09
  listening to a podcast about six months ago and it was talking about this. I was talking about
• 12:12
  the AI girlfriend thing and I was like, no, surely not, surely not. But yeah, I think now that I've
• 12:19
  heard it again, the idea is like digested and I actually think it will take off. I think that the
• 12:25
  the chat room, the like need for company and like the amount of people who ask super lonely and like
• 12:32
  maybe it's actually a really positive thing for some people. You know, maybe I agree.
• 12:38
  Maybe there's some people that find it really hard to talk to people or not feel socially uncomfortable
• 12:43
  and it's like practice. You know, you could practice in there. But it's one thing it's good for.
• 12:48
  It's good for the video. Why? You know, the more innovative uses of AI is just plays right in
• 12:53
  to Navidia's hands. So sorry, is Navidia? Navidia is at the moment one of the biggest companies
• 12:58
  on the S&P 500 index. Yes. And they have chips, right? Yeah. So it's, are they basically the ones
• 13:06
  who will benefit from anything AI? Pretty much. Yeah. Okay. They're like the poster child for AI,
• 13:12
  I guess, in terms of the beneficiary. And that's why this share price is done. Crazy, crazy well,
• 13:18
  because we're reading articles like this going, oh my god, there's like another use case,
• 13:22
  there's another use. There's like, this is just going to be going to be such an integral part
• 13:25
  of our lives. Therefore, the companies that are going to benefit are the likes of Navidia.
• 13:30
  Are there any other Navidias that are like up and coming? There's lots of companies working on AI,
• 13:34
  like literally it's probably the most common mention in investor presentations or financial
• 13:41
  results these days. But you can also, if you're like, oh, well, I don't know which company's going
• 13:45
  to benefit, you can invest in an AI ETF, which is a great way to get exposure to like the sector
• 13:51
  because you can just Google AI ETFs, can't you? Yeah, that's exactly what I've just done.
• 13:57
  There's one, an AI and next gen software ETF, which is the ticker is IGPT,
• 14:04
  there is a NASDAQ AI and robotics ETF, which is ROBT, kind of like robot. There is a IT index ETF,
• 14:17
  which has got a whole lot of AI in it, which is FTEC. So yeah, there's actually a lot of AI ETFs.
• 14:26
  If you didn't want to hear of any others, just get in touch with us. But yeah, there is a lot.
• 14:32
  If you just Google AI ETF, it'll come up with a whole bunch. And the idea of this is like,
• 14:38
  if you feel like Navidias had its massive surge, you know, and most people have earned
• 14:43
  money from that and you don't think there's much future in being able to earn more through investing
• 14:48
  in them, which I guess a lot of people would argue is not true. But I know a lot of people have been
• 14:53
  invested now for like over a year, haven't they? Like it's not exactly this new up-and-coming stop,
• 14:57
  but I still personally feel as though it's got a long way to go. And if you've invested in the S&P 500
• 15:04
  ETF, you'll be benefiting a lot. I need to find, I always get that. Yeah, because it's been pushing
• 15:09
  up the index for a very long time. The better it does, the better the index does, because it's
• 15:14
  such a large percentage of the index now. I guess like if you're feeling, yeah, if you're feeling
• 15:20
  really excited about AI or the future of it, that is a really, I love the way that you can just
• 15:26
  invest in ETFs. We're just interrupting this podcast to have a quick little chat about
• 15:34
  a money-saving hack that Thick would like to bring to everyone's attention. So the other night,
• 15:39
  I was like, you know what? I'm not going to go out. I'm going to save money. I'm going to,
• 15:43
  I'm going to stay in, but kind of go out. I was like, I'm going to go to the movies.
• 15:47
  And holy per Jesus. Do you know how much movie tickets are now? No. I spent 20 pounds at the movies.
• 15:55
  Not only is it a movie ticket, but you also need snacks, obviously. Anyway, I did some research and
• 16:00
  I was like, looking at New Zealand, how much movie prices are there, because I was sort of
• 16:04
  getting ripped off in the UK. And I was just like, movie prices everywhere. Like skyrocketed.
• 16:11
  I feel like it's one of those things where you think it's going to be a cheap activity,
• 16:13
  but you end up spending, like it's a lot. You honestly may as well just stay home.
• 16:17
  Yeah. And honestly, I'm just like all four streaming providers. Like you can pay 14, 15,
• 16:25
  $20 max. I don't actually know any streaming provider that's friendos. And get close to 100 movies
• 16:32
  by paying that once a month. For anyone who this is actually not meant to be sponsored, but
• 16:38
  neon were sponsoring the Curve Weekly. Oh yes. neon was sponsoring the Curve Weekly up until like
• 16:43
  a couple of weeks ago. And we gave away a year's subscription for neon. So we have chosen a winner
• 16:49
  and we'll message you on Instagram. So just a few of them into that. Thanks for entering. And also
• 16:53
  thanks neon. And for anyone that needs to save the money, maybe subscription instead of going on
• 16:58
  a cute date night to the movies, because also you're a cute date night in your lounge. You're
• 17:03
  also sitting in a like giant cinema with like four people. Like it's not exactly a vibe.
• 17:07
  It's one start snoring. You're pissed off because you've paid 50 bucks for your popcorn.
• 17:12
  There's a 15 year old having their first kiss on the front road. It's like, this is not fun.
• 17:16
  Yeah, that was me. That was totally me. A lot more to kiss me for way too long.
• 17:22
  Okay. Thanks then. So back to the episode.
• 17:29
  Google. So Google's parent company alphabet. So when you say it's parent company, does
• 17:36
  alphabet own Google? Yes. So Google had a name change effectively. So a few years ago,
• 17:42
  because Google's now got YouTube. It's got all these other companies underneath it. And so
• 17:48
  it's not just Google. So they didn't want people to think, well, I'm investing Google. It's like,
• 17:53
  no, you're investing in lots of other things. So they're like, let's call the the parent company
• 17:57
  alphabet. And then there's like a Google is what is within that. So yes. But a lot of people,
• 18:03
  because it was listed as Google for so long, a lot of people think of the company is actually
• 18:07
  called Google. It's like Facebook and meter. I wonder why on earth they called it alphabet.
• 18:12
  Quite strange. I know. Yeah. I was actually lying and bed thinking that last night.
• 18:16
  Sorry. I didn't didn't research that before I got in here. But anyway, they're making big headlines
• 18:23
  this week. They're planning to make their biggest acquisition ever. Cool. So this is a $2.2
• 18:30
  trillion company. And it's making its biggest acquisition ever. So do you want a bit on the size of
• 18:35
  the acquisition? 315 million. It's in the billions. 23 billion. Whoa. Have you seen my note?
• 18:49
  I was like, trying to make it a little sound subtle by guessing something wrong first.
• 18:54
  Yes. So it's making a $23 billion acquisition. And it's buying an Israeli cybersecurity company.
• 19:01
  Now this cybersecurity company has only been around for five years. They would be like us selling
• 19:07
  the curve in a few years for $23 billion to Google. Oh, owns that company. Oh, I know. Is it single?
• 19:16
  No, jokes. I'm joking. That's bad. You need to stop making rich single jokes because you've
• 19:20
  made them a few times now. I know. And I'm like, I know. Yeah. No, no, sorry. Yeah. That is not
• 19:26
  a good joke. No, because people who don't know who well might think you're being serious.
• 19:30
  I know. I'm not. I'm definitely not. I make my own money. Thank you.
• 19:34
  They're so off-brand if you were like searching for a billion. I know. I know. It would be.
• 19:39
  Anyway, so yeah, if this deal goes through to be the largest acquisition in Alphabet's history,
• 19:44
  and it's interesting because if you think that Alphabet makes some great acquisitions, like
• 19:50
  they bought YouTube in 2006 for $1.7 billion. That's nothing. That's nothing. It's obviously
• 19:56
  a part of a bigger company now, so they don't split it out. But we use YouTube pretty much
• 20:01
  every day now. That would be one of the biggest companies in the world, wouldn't it? Or like
• 20:06
  highest generating digital brands? Well, it would be close to it, but it would be up there with
• 20:11
  Instagram and other social media platforms. But yeah, I mean, I reckon they got that for a steal
• 20:17
  at $1.7 billion. I reckon whoever owns Snapchat will be gutted. They didn't sell. You know,
• 20:23
  they probably like, we've got to we can stay independent and now Snapchat's just totally tanned.
• 20:28
  Yeah. Facebook went to buy Snapchat. They should totally have done that. And then they were like,
• 20:32
  nah, get fucked. And then Facebook just made Instagram have all the features that Snapchat had.
• 20:39
  That's right. Snapchat just died a slow death. But also Google has bought Fitbit back in 2021.
• 20:50
  Yeah. So they bought that for $2.1 billion. So yeah, they do have a strategy of like acquiring
• 20:56
  these businesses into their fold. But also the fact they've got a spare $23 billion is just like crazy.
• 21:03
  This is why we invest in companies that have cash to spend. It's also a size thing. You get bigger
• 21:11
  and you get scale, then you can afford to buy up the competition. And then you just end up with
• 21:16
  these big global tech companies that don't allow the smaller guys to grow and prosper. And yeah,
• 21:23
  I think there's there's kind of two sides. There's a positive and a negative side to it, I think.
• 21:27
  But I wonder what this imagine if you'd invested in the Israeli tech company before it started
• 21:32
  maybe being acquired by Alphabet. You know, like imagine if it was because was it public or is
• 21:37
  it a private company? Because imagine if it was public in your own shares and they were worth like
• 21:42
  kind of nothing. And then all of a sudden, Alphabet bought it and they just skyrocketed.
• 21:46
  Yeah, it was as private. Well, this is what happens. This is why if you are holding on to maybe a stock
• 21:52
  or a company that hasn't done very well, there can be companies circling it being like, oh,
• 21:58
  actually this looks like a bargain. I'm going to buy it. And then that's when the share price jumps
• 22:02
  because they have to offer a premium to the price it's currently trading at in order to entice
• 22:07
  people to sell. Otherwise, you're going to be like, well, no, I'm not going to sell. So yeah,
• 22:12
  they do. I remember like managing money, managing a portfolio of if this is money my old job.
• 22:20
  And if you got a takeover offer, it was like amazing because you're you just get such a quick
• 22:27
  instant return on your investment. Did you ever have any massive takeovers happen?
• 22:31
  There was a few. I can't remember them. I can't remember which one's exactly. But they definitely
• 22:36
  was. I remember some in, yeah, it was in the out of home, like media space. It was a few that I
• 22:42
  owned, like bought digital billboards and stuff like a few companies there merged with it. But yeah,
• 22:47
  when they happened, you would literally be like, yeah, yeah, yeah, work. You'd be celebrating.
• 22:53
  And oh, God. What? So I'm not sure. Well, I'm sure you have seen the attempted assassination
• 23:02
  of Trump. Yeah. I mean, I was scared when you said I was sure you've seen because I'm
• 23:06
  holiday mode big time. And I thought, oh, no, no, but I've definitely seen that. Yeah.
• 23:10
  Actually, I was watching, I was watching Italian television last night in my sunburned state.
• 23:16
  Italian? Yeah. Well, I mean, I couldn't really read it. I could just see a few captions in English.
• 23:21
  And it was basically saying, like hashtag fake hashtag rigged blah blah blah. And I said,
• 23:27
  oh, my God. I mean, I have no idea. I'm sure there's a million different that all the idea that
• 23:33
  he'd like planned it and that it was actually, I mean, I saw an conspiracy theories going around.
• 23:40
  But anyway, so he has announced his running mate. So this means it's like his vice president if
• 23:45
  he gets elected. And his name is JD Vance. Oh, anyway, tell me about him. So he is like literally
• 23:55
  from the 1950s when it comes to his views on women. And there's been a big uproar. He's like his
• 24:00
  whole thing is that women should be staying at home looking after children and not be in the workforce.
• 24:08
  And it's kind of scary because all his policy ideas are actually very, very dark for women. And
• 24:15
  it really, really concerns me that they could possibly be the right hand man for the president of
• 24:20
  the US, which is really scary. But what are some of his like, what are some of his beliefs or like
• 24:26
  policies or things that he's trying to push? The biggest one is that he is just seems to like hate
• 24:31
  working women. And he's describing that child-free kind of woman, miserable cat ladies is what he
• 24:37
  says. And that working mums who require child care are bad mothers who aren't normal people.
• 24:43
  Like it's quite horrific. Wow. And he said that women have a binary choice between a career
• 24:48
  and motherhood. And the letter is the only right one to make. What? Yeah. And it's just like,
• 24:54
  what's his, what's his like family home life? Like does he marry? Yeah, to make things worse,
• 25:00
  his wife is a corporate lawyer. And they met at Yale and they have three children under seven
• 25:05
  years old. But is she still a practicing lawyer or probably not? Yeah. Well, that's what it says.
• 25:09
  Yeah. So, but I can't guarantee you. I don't have a particularly happy marriage if that's what he
• 25:14
  thinks. Even if she's not a practicing lawyer now, like I'm sure they're using the
• 25:18
  using child care if they've got three children under seven. But more, I guess more my thing is if
• 25:22
  he believes that women who don't stay at home, 100% of the time with kids are, you know,
• 25:28
  bad, not normal people. Yeah. So his wife was clever enough to go to Yale as a corporate lawyer
• 25:34
  and probably is not practicing. Right. Yeah. And now. Wow. And like each to their own, if you want to,
• 25:40
  if you want to stay home and look after kids, I totally appreciate that being a mother and
• 25:44
  is one of the most, you know, amazing jobs in the world. But I think having men in power like
• 25:50
  this, telling women what they shouldn't shouldn't be doing is really, really concerning. And yeah,
• 25:57
  I just think it goes back to the whole preface of make sure you vote no matter what country you're in,
• 26:04
  no matter how old you are, just vote and make sure that you're involved in politics because it can
• 26:10
  impact you. Even if it's like undertones or like subconsciously or, you know, might just be on
• 26:16
  the edges, but yeah, people with these kind of views and power really concern me. That's so scary.
• 26:22
  Yeah. Hey, I came across some funny terms. So, okay. So, you know, when, is it actually funny?
• 26:29
  Because that last one's really getting me down on the domes. Yes. Well, it's kind of funny. So,
• 26:33
  so an IPO is an initial public offering. So, this is effectively the first time that a company
• 26:41
  sells its shares to the public and in the public buying sell shares after that amongst themselves.
• 26:46
  And I read this other definition, which is it's the first sale of a company stock by private owners
• 26:52
  who know everything about it to the public buyers who know nothing about it. And it's so true. It's
• 26:58
  where the ones that, you know, there's such like information advantage to the people selling the
• 27:05
  stock or the company selling the stock. They know everything about this company and we don't yet
• 27:10
  we're supposed to buy it off them. And the difference with that is that when a company is listed on
• 27:16
  the stock exchange, you're buying off other investors just like yourself and everyone is equal to
• 27:21
  the same amount of information because you know, it has to be public information. So, it's just,
• 27:26
  it's something when people get really concerned about missing out on IPOs. It's like IPOs are made
• 27:33
  to be shiny and exciting and, you know, be the first time that these shares go on sale. But
• 27:40
  just remember that there is a lot of dissimetry of information in terms of what you know versus what
• 27:47
  the company knows. Is there a funny part to what you just said? Not really. Oh my god, I was like,
• 27:54
  I was honestly, no, I don't mean that in a ruby. I was like, waiting for me to be a joke. I was like,
• 27:58
  is it a joke? I'm, or are we going on a story? What's happening? You more mean this is a really good
• 28:04
  learning because, and what you mean, it's funny because you mean it's funny because a lot of people
• 28:10
  are like, oh my god, I wanted to buy the Birkenstocks IPO, but it's like actually no rethink the way
• 28:14
  you think about that. You're kind of buying something a little bit blind if you're buying it at an
• 28:20
  IPO rather than just as on the stock market. Yep, that's it. You've summarized it great.
• 28:27
  Hey, that before we finish, I would love to know if you've got any financial feelings from the
• 28:30
  way. Like, did you have any feelings? You know, I would like to feel it.
• 28:34
  Financial faux parts. Were there financial flexors? Is there any like personal things that have
• 28:39
  happened to you in your finances this week that you would like to share? Yes, I have, I had a
• 28:45
  financial flex. I ordered gusto. Gusto is like a food delivery meal kit, and I got 60% off,
• 28:53
  and I got five meals for about 15 pounds. That's good. So I was like, woo, woo, woo, woo, woo. Wait,
• 28:59
  15 pounds each or for, for those meals? No, 15 pounds all up. It's insane. No. Yeah. Wow,
• 29:05
  that's actually insane. What was yours? Okay, so we arrived at Naples Airport,
• 29:11
  and everyone, how they have the signs, I mean, classic. I hadn't organised a car,
• 29:16
  because we booked this so last minute. So got there, didn't really know how to get to the coast.
• 29:21
  And all these taxes were like, taxis, taxes. Anyway, they were like, 200 euro, 200 euro,
• 29:26
  and I was like, wow, that's so extensive. Like, we might have to just jump on a bus. That's
• 29:31
  right. So we kind of like walked away, thinking someone would be like, okay, fine, we'll do 150.
• 29:36
  They didn't, but we got around the corner, and the sky was like, taxi, and I was like,
• 29:41
  yeah, how much? And I was like, would you do it for 140? And he was like, sure, sure.
• 29:46
  And then, yeah, and it was just gorgeous car, and he had stopped in them actually. He stopped
• 29:51
  in the middle of like a roundabout, just parked the car and walked off to get us water,
• 29:56
  like the driving here was kind of scary. But it was, it was such a fun, like, he was so
• 30:02
  cool. He stopped at the lemon cello factory for us. We could get a bottle of that. And it was
• 30:07
  just like, it ended up being a really fun experience. But I did think, when you're travelling,
• 30:11
  I know this sounds a bit lame, but when you're travelling with a guy, like if I was by myself,
• 30:15
  and there's a random guy on the side of the street being like, taxi, maybe I would have been like,
• 30:20
  oh, that could be maybe not a great idea. But it saved us 60, 60 euros. So it's like 120, 130,
• 30:28
  New Zealand dollars. That was quite a win. Amazing. But at the same time, a financial
• 30:35
  faux pas was being the lemon cello factory. And I went to the low, and I came out, and fanboy
• 30:42
  was like holding these two lemon cello drinks that looked like slushies. And he was like,
• 30:46
  like, made a silly decision. I was like, what? And he's like, I thought I was buying a bottle
• 30:50
  for 20 euros, but I just bought two drinks. Oh, no, oh, no. Oh, no. He's like, they pulled
• 30:58
  them before I realised I was like, oh, gosh, no, no. Oh, gosh. I don't want them. I don't want them.
• 31:03
  No, they were so beautiful. Well, it sounds like you're having lots of fun, babe. And I'm
• 31:06
  very excited for you. So go, go to the beach now or wrap this up and make sure you wear sunscreen.
• 31:13
  Please. Yeah, yeah, I'm in the shade all day. Don't worry. Yeah. Talk to you, sir. Bye,
• 31:18
  Vicky. Bye. Thank you so much for listening to the Curve Weekly. Make sure you hit the subscribe button
• 31:24
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• 31:28
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• 31:33
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• 31:38
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• 31:42
  week and see you next Monday. Bye. Bye. So yeah, see you next Tuesday. Well,
• 31:51
  see you next Tuesday. I mean Monday.