Latest / The Curve / Nvidia Chips In, Tesla Revs Up & F1 Takes the Investing Spotlight.

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Nvidia Chips In, Tesla Revs Up & F1 Takes the Investing Spotlight. · The Curve

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1:02
Rach, you're back again.
1:05
I'm back.
1:06
Oh, and we're so happy about it.
1:08
I was just absolutely stoked to read how many comments of support.
1:13
If people like this was an amazing lesson, she was so great.
1:17
Did you read some of the comments?
1:19
I did. And I'm not going to lie. I was very scared.
1:21
Like, you know, putting yourself out there like this when, you know, a background is not in business but not in finance.
1:27
It's like quite a scary thing to do. Like it was like a big leave.
1:30
Applying, putting yourself out there and then obviously coming on.
1:33
And so I was very scared that I'd like get trolled.
1:36
Honestly, there's nothing scarier.
1:40
But yeah, I'm like super overwhelmed by how nice everyone's been.
1:44
And I guess that's, and lots of the comments of people I know.
1:47
But there's also people I don't know.
1:49
I was thinking that I was like, these are your family and friends.
1:52
And my friends have been so cute.
1:54
Like they, and my family, but my, my girlfriends especially have just been like, like it was funny.
1:58
Some of them, because it all happened so fast last week, a couple of friends of like my closest friends, I didn't talk to for 24 hours.
2:04
And then they're like, hey, Rachel, how's your day?
2:06
And I'd be like, oh, you know, I took my daughter swimming in the morning and recorded the curve this afternoon.
2:11
I'm like, sorry, what?
2:13
I'm like, yeah.
2:14
I also just love how many of your friends were like, do you need me to look after Zah?
2:19
Yes, I'll come around and, you know, like really want to see you have the opportunity.
2:23
You've got to do this. So yeah, shout out to all the girls. It was super awesome.
2:28
But, you know, the curve community has been so kind and probably a bit gracious to, to be honest.
2:33
But I think there's a real testament to what you guys do, right?
2:36
Like it's a, it's a whole, the whole ethos of what you guys do is woman, uplifting women.
2:40
So, I mean, you know, we all rise together.
2:43
Yes, it's been really awesome.
2:45
So thank you, everyone, for being kind.
2:46
And please be kind to get this week.
2:48
Yeah, yeah, yeah.
2:49
I really don't want to be kids, I'm a total trolled.
2:50
We will block you, if you're mean.
2:53
And how have you found the research piece?
2:57
Because I mean, Vic naturally reads the news all the time.
3:00
Like it's just kind of always been a part of who she is.
3:03
Like she's always up to date with what's going on, not just the finance,
3:06
but like news in general.
3:08
She's happiest when she has her financial times in a coffee and hand, you know?
3:12
So for someone who is in the middle of raising a four month old baby.
3:17
Yeah.
3:18
How was it for you?
3:19
You know, managing being the primary caregiver for my daughter and doing this on top
3:24
has definitely been a big juggle.
3:26
And the same is a big degree.
3:27
I like to stop today with what's going on in the world and what the latest news is.
3:31
But probably not some the depth of the financial news necessarily as much.
3:35
And once I, you know, had a look at all the topics of the week,
3:38
then what ones the audience would find interesting.
3:41
And then made sure I knew what I was talking about so that, you know,
3:44
I don't say anything that's like completely wrong.
3:46
And let everyone astray.
3:48
I actually took it quite a lot of time.
3:50
I have had someone before, like comment,
3:53
because I said something wrong.
3:54
It was something to do with I mentioned Icelandance of Greenland.
3:58
It was a classic mistake.
4:00
And she was like, hey, just need you to be aware.
4:04
A lot of people don't read any other news.
4:07
So like be really careful that you know your shit.
4:10
And I was like, they're enough.
4:11
They're so fair enough.
4:13
So being the new, being the noob that I am.
4:16
And, you know, wanting to make sure I, you know,
4:19
do a good standing job for that really,
4:21
yeah, put a lot of effort in.
4:22
And there has been a really serious struggle this week
4:25
while looking after my daughter.
4:26
So, you know, my husband's been amazing.
4:28
And really kind of, he's got a busy full-time job,
4:31
but really stepped up and done a lot.
4:33
So shout out.
4:34
What I think is also really important is, you know,
4:36
woman in general under so much pressure.
4:38
And decided to pressure it.
4:40
But new bums are especially.
4:42
You have just like all this pressure and expectation
4:45
coming at them from all angles.
4:47
You know, whether it be, you know, how they look,
4:49
after just having a baby or how they're, you know,
4:51
caring for their child.
4:52
And so many people have been like, oh my goodness,
4:55
how have you managed this with a woman they'll baby?
4:58
And just want to really acknowledge that.
5:00
It's been like a really massive, massive, massive struggle.
5:03
One of the things you said is like, I don't want it to be this like,
5:06
I don't want to feed into the toxic like bounce back culture.
5:09
Oh, it's fine.
5:10
I can do it all.
5:11
I'm sweet. This is easy breezy.
5:12
It's like, no, no, this has actually been really difficult.
5:14
Yeah, exactly.
5:15
Yeah, new mums are especially under so much pressure.
5:17
I definitely do not want to be contributing to bounce back culture.
5:20
And I am really inspired by mums that are up to go out
5:24
and do lots of things.
5:25
But I'm also inspired by mums that are literally just surviving,
5:28
because sometimes it is absolutely survival.
5:30
And rest assured, other than the podcast and like meeting
5:33
the basic needs of my daughter, every other aspect of my life this week
5:36
has been to use my favourite word, a shim-muzzle.
5:39
So it's been like total chaos.
5:42
And I'll probably get home and crash today.
5:44
So I'm like incredibly grateful, but also can't wait for Vick to get back this week.
5:47
Yeah.
5:48
And I'll just like, cruise back to being a listener.
5:50
Yeah.
5:51
Or how cool though, yeah.
5:52
So cool.
5:53
That's so awesome.
5:54
And so what have we found in the news this week?
5:56
I mean, I think last week that the shim-muzzle of the stock market
5:59
was quite obvious.
6:00
Yeah.
6:01
And we're actually going to be hosting a like a free workshop tomorrow.
6:05
So Tuesday night, New Zealand time at 8 p.m.
6:08
for anyone that wants to come.
6:10
Vick and I, not you, Rage.
6:11
Yeah, not me.
6:12
But you're not getting them to love, because if you'll be crashing and sleeping
6:15
over down at 8 p.m.
6:17
But because there's such turbulence at the moment,
6:20
they were like, this is such a good investing opportunity.
6:23
They're anyone that's like not sure or hasn't actually invested in the last
6:27
little while, like how to approach the market dip.
6:29
Because while of course if we go into a beer market
6:33
and it keeps going down and down and down, that's not ideal.
6:36
In terms of the way that you can invest during that time,
6:39
like I was speaking to someone at the bank yesterday,
6:43
and they were talking about how excited they are,
6:45
about how much they've put in their kiwi saver over the last week.
6:47
Because it's been on sale.
6:49
And I thought, yeah, we need to speak about this to everyone.
6:52
So for anyone that wants to join and know it's last minute,
6:54
and if you've only just heard about this, I'm really sorry.
6:56
However, we'll put a link to that in the podcast show notes.
6:59
If you just register, how has the market been?
7:01
Yeah.
7:02
In the last few days this week, like, is it as bad as last week?
7:05
No.
7:06
So first thing, let's, we're possible.
7:08
Make this a, like, tariff, Trump-free.
7:10
Love that.
7:11
Last week, we really need to address it all, but this week,
7:13
then we decide we're going to call them little teas.
7:15
No, little tea chat.
7:16
Baby teas.
7:17
Baby tea.
7:18
No baby tea chat.
7:19
No big tea chat.
7:20
We're possible.
7:21
Yeah.
7:22
So the one kind of negative piece of news that's come out
7:25
is that the quarter is about to end.
7:27
So end of March.
7:29
So this is like the first quarter of the year, like Q1.
7:31
Yes, exactly.
7:32
And the magnificent, I think last week, I call it the magic seven,
7:35
but you know, the magic magnificent sevens,
7:37
all of those big stocks in the US, have had their worst quarter.
7:41
So for those who don't know what the magic or magnificent
7:44
or wonderful or a super sevener.
7:46
Maleficent sevener.
7:47
They are all the big, big tech companies.
7:50
Yeah.
7:51
So like, I was about to say, it will absolutely meter,
7:56
all the big ones that you're kind of like their household names.
8:01
They've been essentially carrying the stock market for years.
8:05
Their growth has been wider stock market over the last few years,
8:08
has just been doing phenomenally well.
8:10
Yeah.
8:11
And it's the first time ever really that those,
8:13
that there's been such a weighted percentage of the stock market success
8:18
on such a small number of companies.
8:20
Exactly.
8:21
So the fact that you're saying they've not been doing well
8:23
means the whole market's not doing well.
8:25
Exactly.
8:26
So that's a big driver of that.
8:28
This week has been a little bit more stable for them,
8:30
and that's mostly because of the news that has come out
8:32
from the Fed in the US.
8:34
Which is how America does it start?
8:36
I know.
8:37
So that's their cultural bank.
8:39
So like the Reserve Bank New Zealand.
8:40
Yeah.
8:41
And so they came out saying that they're going to keep interest rates
8:44
at this current rate in the US.
8:47
So interest rates are the price that you can borrow money.
8:51
They're not, they're basically the Fed have come out and said
8:54
it's not going to be going down.
8:57
So the rates are going to stay as they are.
8:59
Was that the announcement?
9:00
Yeah. So the announcement was the staying as they are,
9:02
but they have indicated that they're going to cut it two more times
9:05
over the rest of the year.
9:06
Oh.
9:07
So it's not like great news now, but it's coming.
9:09
Yeah.
9:10
Yeah.
9:11
So the Fed have said that things are looking a bit gloomier than we expected
9:14
because of all the stuff going on.
9:16
Which we won't mention.
9:17
Which we won't mention.
9:18
And so by indicating that they're going to cut the interest rates,
9:23
that means that they are wanting to stimulate demand.
9:26
And so we saw this a lot through the pandemic where a central bank says
9:30
going to drop interest rates, then people feel more confident to borrow money
9:33
because the cost of borrow money is less.
9:35
Does it stimulate the economy, right?
9:37
It stimulates growth.
9:38
People are like, oh, well, I should do that because it's low.
9:41
This is a deal.
9:42
It's kind of like interest rates on sale.
9:44
Exactly.
9:45
And we've seen that in New Zealand as well.
9:47
And so yeah, it's a way to stimulate growth.
9:49
So it's pretty good news in the stock market.
9:51
It's been pretty happy about it.
9:53
Oh.
9:54
So actually it wasn't too bad.
9:56
Not all doom and gloom.
9:57
Like when you look it over a quarter doom and gloom,
9:59
but this week things have been like actually pretty good.
10:01
Damn.
10:02
So we actually probably should have invested more last week.
10:04
So it's kind of bounce back.
10:05
It's bounce back a little bit.
10:06
Things haven't skyrocketed.
10:08
So you probably get a little bit more time.
10:09
Okay.
10:10
But yeah, it's definitely things are kind of shifting around.
10:12
Okay.
10:13
The Asian and European markets have also continued to see uplift.
10:17
And we spoke about this last week, didn't we?
10:19
Yeah.
10:20
We said Europe might have some, you know, uptake.
10:23
There might be some stimulation happening there.
10:25
Maybe can we think of a new word in stimulation?
10:27
Yeah.
10:28
It just feels like it feels really sexual.
10:30
Like it's stimulated again.
10:32
Oh, positively impacts.
10:34
Yeah, yeah, yeah.
10:35
Affect.
10:36
Yeah.
10:37
It's not very positive.
10:38
We're seeing lots of the lingo community interpreted in
10:41
different ways.
10:42
Don't you reckon?
10:43
Like there's so many times that that has said things.
10:45
I'm like, you know, the gyrations of the market.
10:47
Why is this sound like we're having sex with the stop market?
10:51
Like it's so weird.
10:53
Okay.
10:54
So it's being stimulated.
10:55
And we'll leave that for now and come back to it.
10:57
Yeah.
10:58
So Asia and Europe are like looking quite good.
11:01
Yeah.
11:02
Everything's kind of like more but in the green.
11:04
Yeah.
11:05
So it's been a recently positive week.
11:06
Tesla?
11:07
Or a chat about them?
11:08
Oh my god.
11:09
Yes.
11:10
What's happening?
11:11
So at the beginning of the week, they had a bit of a rough start with
11:14
a heaps of EV news coming out of China.
11:16
Yes.
11:17
Because something, what was it?
11:18
I love it.
11:19
I'm pretending I know.
11:20
Yeah.
11:21
So B-Y-D.
11:22
Yes.
11:23
No, I did see something about this.
11:24
Yeah.
11:25
So they announced that they are launching a battery that can charge as fast
11:29
as a petrol engine can fill up.
11:32
Oh.
11:33
Are you joking?
11:34
Yeah.
11:35
Oh my god.
11:36
For anyone that has never driven an EV before, you have to plan your life around
11:40
charging that car because it is not quick.
11:42
And often you go to a charging port and there's three people waiting.
11:45
Or if you're going on a long journey, you have to stop and like the
11:49
Bombay Hills for an hour to try like it's not ideal.
11:52
So the fact that you can now charge in the same time it takes to fill up.
11:57
You'll get like that is huge.
12:00
Huge.
12:01
As you say, one of the biggest barriers of people buying an electric vehicle is the
12:06
time it takes to charge a car.
12:08
So B-Y-D has done super well this week, obviously.
12:10
That's genius.
12:11
And also makes me wonder why the hell Tesla or Elon Musk or any of those like other
12:18
massive competitors haven't come out with that.
12:21
You know, like you would think that would be the number one focus.
12:24
You would.
12:25
For any EV company.
12:27
And also, sorry, with this news does that mean that they will be supplying those
12:32
to other EV builders or is it specific to an like patent technology for B-Y-D?
12:37
My understanding that it's exclusive to B-Y-D.
12:40
I mean, it would be clever, right?
12:42
Yeah, yeah, because they're growing exponentially around the world.
12:45
They're not yet in the US market because, you know, anti-kind of China sentiment.
12:49
Because it's a Chinese company.
12:50
Yeah, Chinese company yet.
12:51
So they'll be looking to leverage this to get their cars into as many driveways as
12:56
possible.
12:57
Also, sorry, but how annoyed would Trump be at that news?
13:01
I know he'd say we want to mention the T-word, but like the fact that he's like,
13:05
I've ordered Tesla and everyone should buy a Tesla and everyone's like, go away.
13:09
Yeah.
13:10
And then China, who he, Loki, actually not even Loki, if I he hates and is trying to
13:16
do everything he can to like fuck up their economy, have come out with this.
13:20
He'll be like, he'll be like, sorry.
13:23
So it's all pretty wild, but so that was the beginning of the week.
13:27
And then the latest stages of the week, Tesla's actually kind of bounced back a bit.
13:32
What?
13:33
Because there's been some news out of the out of California.
13:36
So they are heavily invested in like driverless cars.
13:40
Oh, that's their like unique selling point, isn't it?
13:43
Yeah, so they've received some kind of initial permits to start like
13:47
trialling that with actual customers.
13:50
So that's been really good for Tesla.
13:52
Oh, sorry.
13:53
Can you imagine?
13:54
Yeah.
13:55
I seriously, I'm, firstly, I'm a terrible driver.
13:59
I'm not great either.
14:00
Secondly, I don't really enjoy it.
14:02
Honestly, I get so distracted so easily.
14:04
It's a miracle that I haven't had more crashes to T-word.
14:08
To think that driving could be not wasted time in terms of like you can do things
14:14
in a car, you can be efficient.
14:16
Yeah.
14:17
Because I think that's the best part in London about public transport is that you're not
14:20
in time.
14:21
Yeah, you could meditate, read a book, write an article if you're a writer.
14:25
I'm like really struggling to think of things.
14:27
But as in you, if you're spending 45 minutes on a chuba on public transport,
14:32
it's fine because you could actually do something.
14:34
Whereas when you're driving, you have to concentrate to think that there's a time
14:39
and then not so distant future where you can just hop in a car.
14:43
And imagine, oh my god, do you think this will be bad for Uber?
14:47
Like Uber drivers?
14:49
Oh, you thought Uber drivers?
14:51
Because I was going to say Uber is a business probably not because they'll jump on it.
14:54
But yeah, if you're an Uber driver long term, like you might be out of a gig.
14:57
That's scary.
14:58
Yeah, you might be out of a gig.
14:59
In the video had a big conference this week.
15:02
Ooh.
15:03
They announced a new chip.
15:04
They has 40 times the performance of their current chip.
15:07
Okay.
15:08
So NVIDIA is a really strong.
15:11
Well, probably the strongest company in the AI space right now.
15:15
Magnificent Magic.
15:16
Magic.
15:17
Wonderful.
15:18
Super seven.
15:19
And they produce the like microchips, essentially, that they use within AI.
15:25
You don't really need to know too much about that.
15:27
But basically, if they've got a new chip, 40 times as strong,
15:31
because there was, and if you missed it, there was a whole halava,
15:35
maybe a month ago, with a competitor coming into the space.
15:39
And it was all because they were saying, we've got faster, better chips.
15:43
And here's NVIDIA being like, nah, if you, we've got really good ones.
15:47
So that's quite interesting.
15:48
Yeah.
15:49
So that's good.
15:50
I reckon a lot of people would have sold their stock.
15:52
And actually in the investing club, we spoke about it quite a bit.
15:55
And it was interesting to see the people who have owned it for years.
15:57
And at the point in which DeepSeat came out with that news, they were like,
16:00
okay, I'm not going to buy more.
16:02
But I bought more.
16:03
So maybe my stocks are doing well.
16:06
Yeah, they should like check.
16:07
Yeah, they're not, it's like it hasn't like skyrocketed off the news,
16:10
because there's still so much going on in this space.
16:13
But yeah, it's definitely good news for NVIDIA.
16:16
And they also announced a whole bunch of new partnerships with like GM Auto.
16:20
Oh yeah, shit.
16:21
No, mine's not doing very well.
16:22
It's down three percent from when I bought it.
16:24
Yeah, because for the quarter, it's been tanking.
16:26
Damn.
16:27
Yeah.
16:28
So it's kind of like stabilizing, but this wasn't like a magic bullet to say.
16:31
Yeah.
16:32
Everything.
16:33
Silver bullet, magic bullet.
16:34
Magic?
16:35
Yeah, magic bullet.
16:36
Oh, no, I think it.
16:37
Yeah.
16:38
It's so good.
16:41
Yeah, so yeah, it wasn't this silver bullet to say everything's back on track.
16:46
But yeah, heating in the right direction.
16:48
And yeah, they've announced some called partnerships with GM Auto,
16:50
Taco Bell with AI.
16:52
So yeah, it'll be one to watch to see how it covers.
16:56
God, I'm so into stock news.
16:58
Yeah.
16:59
Really?
17:00
I'm obsessed.
17:01
I'm obsessed.
17:02
I'm a finance bro.
17:03
You are.
17:04
I'm a finance hoe.
17:05
I'm a finance hoe.
17:06
I am so.
17:07
I'd love for this shit.
17:08
I know.
17:09
Like, I can't imagine.
17:10
In fact, thank God we managed to find you, because I couldn't have taken two weeks off this
17:15
news.
17:16
It's just so interesting.
17:17
It was good.
17:18
And then the kind of final market update.
17:20
So we were meant to talk about this last week, but you and I both love yapping clearly.
17:23
I know.
17:24
We're going to have to explode as an all time high and has been for the last week.
17:29
Okay.
17:30
So we spoke about this a while ago, because gold has been one of those things, because it does
17:34
well in recession environments.
17:36
It does.
17:37
When things are uncertain, gold does well.
17:39
Because people look, it's something kind of tangible.
17:41
It's like hold on to it.
17:43
Yeah.
17:44
Yeah.
17:45
Yeah.
17:46
So yeah.
17:47
So it's been at a record high for the last week, over 3000 USD per ounce for the first time
17:52
ever.
17:53
Wow.
17:54
And it's kind of held around there.
17:55
Yeah.
17:56
Yeah.
17:57
One to watch.
17:58
And you can invest in it through ETFs.
17:59
We've actually spoken about a couple of ETFs in the club.
18:00
Yeah.
18:01
So for anyone that wants to learn more about that or understand what the right gold investment
18:06
is, we've got some really good stuff in the current investing club.
18:09
Awesome.
18:10
Gosh, there's so many fun things happening.
18:11
So many fun things happening.
18:12
Oh, love your research.
18:13
Okay.
18:14
What about Reddit?
18:15
Because I feel like this was a company that went public not that long ago.
18:19
A year ago, yeah.
18:21
And they were one of the bigger companies that took the whole crowd sourcing type.
18:26
Like anyone can invest in that.
18:29
And I think it was a genius idea because they've got, I don't know how many millions of people
18:33
that use that.
18:34
I mean, I was looking the other day for something.
18:36
I think.
18:37
So random to be admitting.
18:39
I think I have like, there's this thing called rejection sensitivity dysphoria.
18:45
Okay.
18:47
And it's actually like very adjacent to women who have ADHD.
18:52
And I was looking, I was like wanting to understand it more.
18:56
Because I was like, God, I'm really admitting a lot here.
18:59
But I recently am single.
19:01
And so I was like, okay, I'm going to have to really like get my head around the idea of dating again.
19:05
Yeah.
19:06
Because I just, anyway, I, um, I realize I feel like I find rejection just harder than most people.
19:14
And so I found myself on this Reddit thread with hundreds of people sharing their ideas,
19:19
their thoughts, their resources.
19:21
And I just thought, God, this is so good.
19:24
Particularly for like shameful or like not the dark sides of the internet.
19:29
But stuff that you don't want to fix stuff.
19:31
Yeah.
19:32
And I just, I thought it was really cool.
19:34
Anyway, pointers.
19:35
Reddit is a like a user.
19:38
If you know what I'm saying content.
19:40
It's a room forum.
19:41
All met me into one, right?
19:42
Yeah.
19:43
And so they gave their users the chance to invest when they went public.
19:46
Yeah.
19:47
So when they became a public company, they were like, who wants to buy shares?
19:49
And it actually did quite well.
19:50
Very well.
19:51
Yeah.
19:52
It had a really good IPO.
19:53
And it's still up generally speaking from when an IPO'd.
19:56
But it has robbed a lot.
19:58
So in the last five days, it's been down 15%.
20:00
Shit.
20:01
Yeah.
20:02
But it is a very volatile stock.
20:04
So it's had since this IPO'd.
20:06
It's had changes of more than 5%.
20:08
I think 60 times.
20:09
So that is something to keep in mind.
20:11
But what the main drivers of this dropper is that it is currently very reliant on Google search
20:18
leading to Reddit.
20:20
So people search Google and then it comes up with a Reddit thread and then they dive into it.
20:25
So that's almost like SEO, right?
20:27
And they've seen a lot about AI does not rely on SEO.
20:30
So like businesses that have spent a lot of time getting good SEOs doesn't really matter.
20:36
But I don't totally understand why it's been so volatile, like so up and down.
20:41
Do you think that it has anything to do with the fact that the interface is really old school
20:48
that it sits on Google that it's like, I don't know, is it AI driven?
20:54
So the main drivers of why kind of people have concerns about it moving forward
21:00
that monetizing it.
21:02
So advertising revenue.
21:04
So how they integrate advertising.
21:06
So do they rely a lot on sponsorship advertising?
21:09
Yeah, most of the social media companies do.
21:12
That's where they get the majority of the income is from advertising.
21:15
And the other thing is around user growth and organic user growth.
21:20
So they're getting lots of user growth by Google kind of sending users to them.
21:24
But there is a risk around organic growth.
21:26
When I say organically, I mean with like out relying on someone asked to bring them in
21:31
to be able to go for them to grow long term.
21:33
It's so weird though, because like in terms of their user base,
21:37
it's probably one of the biggest in the world.
21:39
Like it's so heavily used.
21:41
The fact that, yeah, I don't know, I don't know how to explain it,
21:44
but you know how when it comes to investing,
21:46
it looks for what they think is going to happen in the future.
21:49
Not the current state of affairs.
21:51
Because the current state of affairs for Reddit is it's actually kind of on fire
21:56
and doing well.
21:57
But the fact that the stock has gone down is because what people think is going to happen
22:02
in the future not now.
22:03
And there's a lot of uncertainty.
22:05
So they've just announced this week a partnership with Google,
22:08
which is good because they're heavily reliant on their algorithm
22:11
and making sure they seem terrific.
22:12
So it kind of entrenches that.
22:14
It also is more we even knew that they're getting from Google.
22:18
So that's a tech in terms of moving forward,
22:21
knowing what they're going to be getting in.
22:23
And the partnership is all around Google getting access to Reddit's API.
22:27
Now, when I was talking about API, I sort of feel like I know what this is.
22:31
So do you guys have like zero for your business banking?
22:35
So, and can you see your banking and money in your zero account?
22:40
Yeah.
22:41
And so, the API connection.
22:43
Yeah.
22:45
And sorry to any digi people for that explanation,
22:48
but I think the simplest way is that it connects information.
22:52
So Google wants to use, so Reddit, to your point,
22:55
has a wealth of information.
22:57
All of this amazing rich user generated content.
23:00
Yes.
23:01
And Google wants the access to that to pull in to educate the AI models.
23:07
Oh.
23:08
Yeah.
23:09
So it's positive in terms of this will be kind of entrenched relationship.
23:13
But then the concern is that Reddit's very embedded with Google
23:16
is the power dynamic off.
23:18
Yeah.
23:19
So it's one of what copy buying actually what I kind of like about it is that
23:23
they're using real life people's experiences to inform AI,
23:28
which is awesome.
23:30
Yeah.
23:31
Also scary.
23:32
Also scary.
23:33
Because it's like what are people saying and are they trusted sources?
23:36
Yeah.
23:37
And that's always the watch with AI.
23:38
Like not going to lie when I first got this gig,
23:40
and to chat to you, be like, what are the top five news articles of the week?
23:44
And it helped a little bit, but it lead me fully astray.
23:47
Like there was all this old stuff that came through.
23:49
So it was kind of like rendered a bit redundant.
23:51
So yeah, with AI, you've always got to be really careful about the guard rails.
23:55
Like making sure you do a kind of due diligence and things.
23:58
Yeah.
23:59
Yeah.
24:00
Yeah.
24:01
I must say when I recorded this stupid video the other day,
24:03
which of me was like a literally a shopping basket on my head pretending to be the stop market.
24:07
It was cute.
24:08
And I was like, is there anything on that mister on social media?
24:10
Yeah.
24:11
But I literally put on the chat to you, but how much is the stop market down and March?
24:14
Yeah.
24:15
And it was like down seven percent.
24:16
I'm like, that's probably wrong, but I'm putting it on my hat anyway.
24:18
Yeah.
24:19
But yeah, there is.
24:21
Yeah.
24:22
So there's obviously people that are concerned about the future of Reddit.
24:27
And I mean, I feel like getting into bed with Google is not the worst thing in the world.
24:33
Also, I reckon they're the underdogs for AI.
24:36
I think that while they haven't come out with huge amounts of innovation yet,
24:40
they must be working on so much behind the scenes.
24:43
Exactly.
24:44
So yeah.
24:45
Reddit want to watch.
24:46
Now, last week, I feel like I mentioned if one for me, the one briefly,
24:49
and you were kind of like,
24:51
I'm so excited to talk about this.
24:53
And so this weekend doubled down.
24:54
I love that.
24:55
And I was like, so we talked about for real one.
24:56
And you were like, what does that have to do with MV sting?
24:58
And I was like, standby.
25:00
It is.
25:01
It has something to do with MV sting.
25:03
Because I was like, why are we talking about sport when we're on an investing podcast?
25:07
Yeah.
25:08
Because the idea of investing in sport is so foreign to me.
25:11
Yes.
25:12
Even making money through sport.
25:14
I kind of don't totally understand.
25:16
So sport.
25:17
So talk to me.
25:18
Okay.
25:19
If one gets me on board, I'm like, because you're also a Formula One fan, right?
25:22
Being a vegan fan, yes.
25:23
Yeah, yeah, yeah.
25:24
And then it's closed.
25:25
Yeah, yeah, yeah.
25:26
Okay, so this is slightly a biased view.
25:28
It's slightly a biased view.
25:29
Exactly.
25:30
So Formula One, Vroom Vroom, lots of cars,
25:33
Metacars, zooming around a track.
25:35
There's now 24 races in a year.
25:38
Is that like Wimbledon for 10 years?
25:40
There's 24 Wimbledon.
25:41
Exactly.
25:42
So each race is called Grand Prix, which is like a grand slam.
25:44
Sounds fancy.
25:45
Yeah.
25:46
It does sound fun at Grand Prix.
25:47
So sport and life sport in general has been exploding over the last few years.
25:52
And Formula One has now become the number one most watch sport in the world.
25:56
No way.
25:58
And guess who and what is driving that growth?
26:01
The Netflix show.
26:02
Yes, but woman.
26:04
So the F1 audience in 2018 was 8% woman.
26:09
No.
26:10
And in this year, it's 40% woman.
26:13
So it's nearly, with nearly got half of the audience are women.
26:18
Yes.
26:19
And they estimate that last year, Formula One reached 750 million people.
26:24
So it is absolutely huge.
26:28
And yes, two point Netflix.
26:30
So the main driver of the boom of why people love Formula One,
26:34
start watching Formula One is a few years ago,
26:37
they were like, we want to attract a new audience.
26:39
How do we do that?
26:40
Market and kind of 101.
26:41
You meet a customer where they're at.
26:43
So women are watching Netflix.
26:44
We want to attract a new group of people.
26:46
We'll put together the show.
26:48
The show shows all the drama behind the scenes.
26:51
It's kind of like below deck of sailing or like.
26:54
Love below deck.
26:55
Yes.
26:56
Love reality shows.
26:57
Yeah.
26:58
Exactly.
26:59
And it shows all the drama.
27:00
Like one of the principals this season is involved in an alleged kind of sexual misconduct scandal,
27:06
married to Jerry Hallowell from the spy skills.
27:09
Like there's all these personalities drama.
27:11
And so the way they've done the show.
27:12
So like the real housewives of like Formula One.
27:15
Pretty much.
27:16
So it's, yeah, it's really amazing how they've kind of showcased all the behind the scenes.
27:20
They explain Formula One and quite like lay terms of people understand it.
27:24
So now anyone can kind of go and watch a race, go to a race and feel like they know what's going on.
27:30
I need to watch the show.
27:31
Do you think that's a good starting point to understand and get into it?
27:34
I do.
27:35
Yeah.
27:36
I'm not going to lie to your age.
27:37
I can't imagine myself being one of those guys that puts their head on.
27:40
You know, it's got their like team on their hat and like goes and stands.
27:44
Because what I imagine is going to like a dirt track with fencing like in the like movies
27:50
and just watching these cars zoom around with dust everywhere.
27:53
That's what I'm imagining.
27:54
No, it's super glam.
27:56
It's like a very ritty sport.
27:58
I said the same thing.
27:59
Look, I'm not going to buy a Ferrari hat.
28:01
But I was, I could not have had less interest in cars.
28:05
And like you'll be at Silverstone, the UK one next year.
28:10
Do you?
28:11
I guarantee.
28:13
But what do you like about it?
28:15
Like, I don't understand.
28:16
Is it that you're excited to see who wins the race?
28:18
Yes.
28:19
It's very exciting.
28:20
And there's lots of super competitive and there's lots of different dynamics going on.
28:24
And when you know the show and you know what these drivers and these teams have on the line, it's super, super important.
28:29
So do you think the fact that Netflix has done the back side of it so that you understand beyond just the sport?
28:36
It's like the personalities and the families and the wealth and the people that are driving it is what makes it interesting.
28:41
Exactly.
28:42
You care more because you're like, so this season we've got a Kiwi driver, which is very exciting.
28:46
Liam Lawson.
28:47
He's from Pukakui.
28:48
Wow.
28:49
And he's got a lot on the line.
28:51
He unfortunately had a bit of a rough start.
28:53
So Formula One started last weekend in Melbourne.
28:55
Had a bit of a rough start.
28:56
So hopefully by the time this episode comes out, he's had a better weekend in China.
28:59
And is the rough start like purely his racing, not his life?
29:02
Yeah.
29:03
He had a wall in London.
29:04
And he's a bit of a diversity issue in Formula One.
29:07
Is it like the sale GP?
29:09
Yeah.
29:10
So all the individual teams are kind of owned by a billionaire boys.
29:14
It's a male sport.
29:15
All the drivers are male.
29:17
There was one team principal like team boss that was a woman that I know of.
29:21
And unfortunately the team didn't do very well under her team yet.
29:23
And so now it's kind of all men.
29:25
And there's one female race engineer this year.
29:28
And it's like the first one ever.
29:29
So there's a way to go.
29:30
But they are trying.
29:32
So let's speak about the financials of Formula One.
29:35
Yes.
29:36
And how we can be investing or making money through it.
29:40
Yeah.
29:41
So all the teams are owned individually and you hear a lot about the teams.
29:44
But there's an overarching company Formula One that oversees all of the races.
29:49
All of the sponsorship.
29:51
All of the ticketing.
29:52
All of the broadcasting rights.
29:54
And that is listed on the NASDAQ.
29:56
And so it's.
29:57
NASDAQ.
29:58
The NASDAQ is more like the growthy techy stock.
30:01
Yeah.
30:02
So it's owned by a company called Liberty Media.
30:04
Which owns Sirius FM.
30:06
So called her daddy just did a big podcast vibes.
30:09
Yeah.
30:10
Call her daddy just did a massive deal with that I think.
30:12
Yes.
30:13
And they also own a massive chunk of live nation.
30:15
So ticketing events.
30:17
Okay.
30:18
Yeah.
30:19
So it all kind of makes sense.
30:20
So it's not just Formula One.
30:21
There's actually kind of.
30:22
They have a whole bunch of different brands.
30:23
And the Formula One business is kind of a media and entertainment company.
30:27
So it's a sport.
30:28
But it's a business.
30:29
Oh my god.
30:30
Fascinating.
30:31
Yeah.
30:32
So what's interesting about it as a stock is it's really asset light
30:35
because they don't only need the teams.
30:37
They run the events.
30:38
Do the ticketing.
30:39
Do the broadcasting.
30:40
Do all the sponsorship.
30:41
And yeah.
30:42
So it's done really well as the sport has grown.
30:45
And as they've made this decision.
30:46
So like the average sponsorship now is worth more than the average sponsorship in Premier League.
30:51
But how does this.
30:52
Sorry.
30:53
What.
30:54
Like what are you trading on?
30:55
Is it all of these media companies?
30:56
That is essentially the.
30:57
No.
30:58
So there's.
30:59
So it's split out.
31:00
So the Formula One has its own ticker.
31:02
I think it's if W O N K.
31:04
So you're investing in that company Formula One.
31:07
Okay.
31:08
So you can invest specifically in Formula One.
31:10
You don't have to just invest in all of those media companies.
31:12
Yeah.
31:13
Exactly.
31:14
So you can invest just in Formula One.
31:15
And if you're doing that,
31:16
I guess you're betting that it's going to continue to grow in success.
31:19
And the stock has had really good performance.
31:22
So over the last year, it's up 27%.
31:26
And over the last five years, it's up over 250%.
31:29
So it's going to be as the sport has just exponentially growing.
31:32
So would it be almost like if we started thinking about Formula One
31:36
in a similar way to like the NBA,
31:38
which is like one of the most lucrative sporting games in the world?
31:42
Is it?
31:43
Like I don't even know.
31:44
It's the most fun sport.
31:45
Yeah.
31:46
In the age of China.
31:47
Yeah.
31:48
Yeah.
31:49
So would it be almost like thinking about this is like the baby NBA?
31:51
Like it's on its way up to be one of the biggest sporting.
31:55
You were ship.
31:56
Sponsorship.
31:57
Spots in the world.
31:58
Yeah.
31:59
I mean, that would be my assumption.
32:01
Like it's growing so much,
32:02
but it still hasn't fully cracked the US.
32:04
It's just kind of starting.
32:06
There's lots of opportunities in the Middle East audiences.
32:08
So it's growing.
32:09
This is really cool.
32:10
It's growing.
32:11
But my personal view is,
32:12
I think it's still got a long way to go.
32:14
No, but it's definitely one that I would like to invest in.
32:17
Yes.
32:18
Yeah.
32:19
Yeah.
32:20
It's so fun.
32:21
I've kind of reassured you that if one is a curved topic.
32:23
I'm totally on board.
32:25
I'm going to watch the Netflix show to start with.
32:28
And I think if that hooks me in.
32:30
Yeah.
32:31
I'll probably be on board.
32:32
The one thing I have a weird issue with,
32:34
which I probably just need to get over.
32:36
But with the whole elite sport.
32:39
Yeah.
32:40
You know, like in terms of the people that are competing.
32:45
Yes.
32:46
Being such a tiny, tiny, tiny, wealthy part of society.
32:49
Similar to like sailing or other things.
32:51
That's just, I mean, I don't, I just have a bear in my bonnet about it.
32:55
Yeah.
32:56
And that's completely justified.
32:57
Like most of the drivers are from Monaco or, you know, Dynasties.
33:01
There are a couple that aren't like Louis Hamilton.
33:04
Probably the most well-known driver.
33:06
He is the only other black man in Formula One.
33:11
The only one.
33:12
There are some diversity problems.
33:13
Yeah.
33:14
And he did a really interesting interview with David Letterman on Netflix show.
33:18
And he comes from pretty humble beginnings.
33:20
And he talks to that.
33:21
The Kiwi driver also, he's spoken quite a lot about
33:24
that his parents sold his, sold their house to support his career.
33:27
So there are some kinds of stories.
33:29
Oh, that's crazy.
33:30
But fundamentally it is very elite billionaire boys vibe.
33:35
Do you think that if there were more people with humble beginnings in stories
33:40
that it wouldn't have that same grander or like, um, appeal from like,
33:45
a Netflix example?
33:46
Like, do you think the reason that it is doing so well and that will continue to do well
33:50
if it stays in that kind of like where the Kardashians of the driving space?
33:55
Yeah.
33:56
I don't know.
33:57
I think like now that more people watch it, more people probably more inclined to get into it.
34:01
It's very expensive to get into.
34:03
So that's, you know, there's barriers to intercost wise.
34:05
And they are doing a lot to promote female drivers.
34:08
I think they've got a formula series now for women.
34:12
One of the cousins sponsored by Charlotte Tilbury, which is so fun.
34:15
Oh, that is.
34:16
Does it look like a lipstick or something?
34:18
Yeah, actually it's pink.
34:19
And there's some quite cool personalities coming through on the female side as well.
34:23
So yeah, it does have a little bit of bad taste about being very elitist, very male dominated.
34:31
But I think the bigger the sports grows, the more people will have access to it.
34:36
Also the fact that you've said that it's gone from like whatever the percentage was
34:40
40% of women watching.
34:41
Yeah.
34:42
And that that's been such a massive growth story for them, an audience perspective.
34:46
Surely just means that the more women then start watching the more women drivers we will
34:50
see, the more blah, blah, blah.
34:51
Yeah.
34:52
Like it's just, and that's why you're saying this is potentially a good opportunity to invest in us
34:56
because it's, it's at the beginning of that.
34:59
Like there's still a lot of ground to be made within the, I actually think it could be quite interesting
35:04
to look at sport as investments in general across other sports.
35:09
Because you know, we've seen like football soccer, grow heaps in Australia.
35:13
There's been quite a bit of uptake where women are sending to wake up to the idea that if we start supporting sport
35:18
and watching it, they get paid more and there's more equality and it's a big circular thing.
35:22
But because we didn't know that, it'd be like a lot of us.
35:25
Yeah.
35:26
I don't know.
35:27
I want to pay interest in female sport purely as an activist.
35:31
Exactly.
35:32
Exactly.
35:33
But you're totally right.
35:34
Yeah.
35:35
The more that people watch it, the more it grows, the more they'll get paid.
35:38
So let's do it.
35:39
Let's just do one final mention of the recession situation in New Zealand,
35:46
which is obviously New Zealand specific.
35:48
So if you're not interested, you can, you know, you can end their episode now.
35:51
But because there was some data that came out in the last few days.
35:54
Yeah.
35:55
Yesterday data came out that the New Zealand economy has grown by 0.7%.
35:59
So not a huge amount.
36:01
But we're going to say like context.
36:03
Is that a lot?
36:04
No.
36:05
So it's not a huge amount.
36:06
It's slightly more than economists were protecting.
36:08
And we've been in a rut for a really long time.
36:11
So it's kind of, you know, that term that all the politicians like to use green shoots.
36:15
So it's like spring is coming.
36:17
So it's like spring is coming.
36:18
And like we're starting to see a little bit of growth.
36:20
So it's kind of the first indicator.
36:21
What's it called spring shoots?
36:23
Green shoots.
36:24
They always talk about like, this is the, we started to see green shoots happen in the economy.
36:29
I've never heard that before.
36:32
Green shoots was basically the idea that like a, we're sprouting.
36:35
We're sprouting.
36:36
A seed is sprouting.
36:37
A seed is sprouting.
36:38
Exactly.
36:39
So we started to see the signs that things are, you know, starting to turn around.
36:42
So that by no means means that overnight suddenly there isn't a horrific constantly in crisis.
36:47
And people aren't absolutely struggling.
36:49
But I think everyone's feeling like a little bit positive, a little bit buoyant.
36:53
That things are kind of starting to head in the right direction.
36:56
It's like very slowly.
36:58
Yeah.
36:59
That's really cool.
37:00
So fingers crossed.
37:01
So growth is a good thing, generally speaking.
37:03
Spring is sprung.
37:04
Spring is sprung.
37:05
The sprouts are out.
37:06
The sprouts are out.
37:07
What if the sprouts don't up?
37:09
Um, but yeah, so that's, so that's, so that's good news.
37:12
So yeah, slightly higher than predicted.
37:14
We've been in a recession for a while in a bit of a rut.
37:16
So now, you know, you know, your own economy is starting to kind of pop its heat up and hope for the beast.
37:20
It's been driven by a couple of industries.
37:22
So dairy, fauntira's been doing really well.
37:26
And interest rate in bantorism.
37:28
So people coming to New Zealand, spending and hospitality.
37:31
It's great.
37:32
And has also been one of the areas that has grown the most.
37:35
So yeah.
37:36
It's in New Zealand.
37:37
Yeah.
37:38
Some see our beautiful country.
37:39
Yeah.
37:40
Right.
37:41
Thank you so much for being on the podcast again for all of your amazing research.
37:45
Honestly.
37:46
So impressive.
37:48
And just stoked.
37:49
And like, I don't know.
37:52
If the year it's felt like not proving a point, but to come from a place where you didn't know heaps about investing.
37:59
You've obviously listened to the curve and you've done our course and you've learned a lot.
38:03
Yeah.
38:04
And now to be at a point where you can research everything happening in the economy and genuinely report it back to an audience of like.
38:12
Thousands and thousands of people is pretty amazing.
38:15
Oh, thank you.
38:16
Yeah.
38:17
It's been, I'm going to get a little emotional.
38:19
I've seen it.
38:20
It's like, I was part of hormones, but I'm very, my friends call me sent me to wait.
38:23
So, but quite everything.
38:25
No, it's been super awesome.
38:27
Like I've absolutely loved, loved this experience.
38:31
I'm very much looking forward to just going back to focusing on, you know, my main job.
38:36
And hearing, you know, you know, you're in that kefir yarns, yarns moving forward.
38:40
But yeah, it's been a very empowering experience in terms of, as you say, taking the knowledge and then turning it into communicating with your audience about.
38:48
What's going on in the world?
38:50
And I feel like a market is often a bit kind of underestimated.
38:55
Sometimes we've seen as like the coloring in department or not necessarily like driving, you know, commercial outcomes.
39:02
But, you know, I feel very strongly that, you know, we're responsible for driving business performance, understanding the psychology of customers,
39:09
and also making things that are beautiful and easy to understand.
39:12
And that's kind of what a lot of this has been.
39:15
So, yeah, I feel very proud as a marketer and now I'm kind of fake finance scale.
39:21
Yeah, I've just had the time of my life.
39:23
Next time it's on holiday.
39:24
I mean, at least we know we've got our gals.
39:26
Yeah, yeah.
39:27
Don't you worry. We'll wait till Zara's older.
39:29
Yeah.
39:30
That's going to take a holiday for at least a year.
39:32
And if you want to meet any marketing yarns, you know, you can be called.
39:34
Oh my god, good idea.
39:35
Yeah.
39:36
No, but I'm going to say this on behalf of all listeners.
39:39
I'm sure everyone's learning heaps in the last two weeks.
39:42
It's been really cool to hear a different perspective on things.
39:45
And I think that's just credit to the way that Vic explains how unique our perspectives are in the world
39:52
and how that's such a brilliant way to look at investment opportunities
39:57
because your outlook is different.
39:59
Yeah.
40:00
And it's so different to Vic.
40:01
And that in itself is like such a string.
40:03
So the opportunities that you could spot based on the way that you think
40:06
and how you see the world is like has just been demonstrated so obviously in the way that you've
40:11
what you've seen as interesting news.
40:14
But then also how you've relayed it or like your personal view on what you think.
40:17
Like Formula One such a good example of that.
40:19
Something that you just enjoy and like.
40:21
Yeah.
40:22
And also can see a financial opportunity from.
40:24
And remember that's what Vic always says.
40:26
If you are consuming something, you're enjoying something.
40:28
See if you can invest in it.
40:30
Yeah.
40:31
God, I miss Vic.
40:32
Yeah.
40:33
I'm really miss her.
40:34
Although I've never met her.
40:35
But I feel like I know it from you guys.
40:36
She's amazing.
40:37
She's amazing.
40:38
Let me know mom.
40:39
It's off this morning.
40:40
Yes.
40:41
Yeah.
40:42
We're recording.
40:43
So lovely.
40:44
Here at the house.
40:45
Shout out to the lane.
40:46
Hi.
40:47
I'm a random lady just rocking up to your house.
40:48
Thank you so much for listening to the Curve Weekly.
40:50
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40:55
And if you like what you heard, we would love a review.
40:58
Thank you.
40:59
Yes.
41:00
We would love a review.
41:01
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41:02
Yeah.
41:03
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41:04
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41:06
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41:09
And we hope you have a good week and see you next Monday.
41:11
Bye.
41:12
Bye.
41:13
See you next Tuesday.
41:15
Wow.
41:16
See you next Tuesday.
41:17
I mean, Monday.
41:18
No, actually though.
41:19
New episodes out every Tuesday.
41:21
Okay, quickly.
41:22
The Curve was created to empower and educate you about investing, but we are not financial advisors.
41:33
Our platform exists for educational purposes only and it doesn't provide personalized investing advice for your individual needs and should not be relied upon to make an investment or financial decision.
41:42
And always remember to do your own research before making any investment or financial decision.
41:47
We're here for any knowledge and support you need, but the final call is always yours.
41:51
And thanks for being here.
41:52
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41:53
Yeah, we know you got this.