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Transcript

The New Investing Trend We’re Torn On… · The Curve

• 0:00
  Welcome to the Curve Weekly, where we read the finance news so that you don't have to.
• 0:05
  I'm so people right, I did not start in the finance space, I was just really sick and tired
• 0:10
  of not knowing what's going on.
• 0:11
  And I'm Vic Harris, I'm a finance professional and I've had a career out of making money
• 0:15
  for other people.
• 0:16
  So we made this podcast so that everyone can have access to what's happening in the finance
• 0:20
  news.
• 0:21
  In today's episode, we have, I hope it's going to be a new and besting trend.
• 0:25
  Well is it investing or is it gambling?
• 0:26
  I don't know.
• 0:27
  It's cool production markets and we'd love to know what you think about them.
• 0:31
  It got very right up there, that's what let's just say.
• 0:34
  Also, there's skyrocketing oil prices right now.
• 0:38
  You may have noticed that petrol's more expensive.
• 0:40
  This is obviously a flow on from what's happening in the war and we're going to talk about
• 0:44
  exactly what's going on.
• 0:46
  And there is another investing trend, I reckon, and it's called loneliness.
• 0:51
  Do you think it's a trend?
• 0:53
  I think it's a demographic change.
• 0:54
  Yeah, we're going to dig into the idea of if it's a trend, what is happening?
• 0:59
  And essentially, why do we think there is so many more people that are lonely?
• 1:03
  But before we dive in, we're on the search for a new podcast host.
• 1:06
  It could be you.
• 1:12
  Guess what, Vic.
• 1:13
  What?
• 1:14
  We're getting a new me.
• 1:16
  A new you.
• 1:17
  Yeah.
• 1:18
  No, you're a place.
• 1:19
  I'm being replaced.
• 1:20
  I'm being replaced for next week's episode.
• 1:23
  We generally record when we're on holiday or in different parts of the world.
• 1:27
  It's quite easy to take podcasts, you know, it's easy to take the gear, but there's always
• 1:32
  something that goes wrong, like the Wi-Fi, forgets to record, or not a hundred percent.
• 1:38
  But yes, I'm going on annual leave.
• 1:39
  Yeah.
• 1:40
  This is huge.
• 1:41
  For anyone that runs our own business, they will know, and you'll leave as not really
• 1:44
  a thing that you take.
• 1:45
  No.
• 1:46
  Actually, there has been one time where I was like pretty switched off, but I am so switched
• 1:50
  off because I'm going to be on the back of a motorbike, or I'm a boat.
• 1:54
  I'm not going to have access, so we are looking for a Sophie Hall, right?
• 2:02
  To be honest, you don't need to be a Sophie Hall, right?
• 2:04
  You just need to be trusted.
• 2:05
  Just a one-off.
• 2:06
  Not a permanent replacement.
• 2:07
  You're true.
• 2:08
  You're not.
• 2:09
  Oh, there could be really good.
• 2:10
  True.
• 2:11
  Well, see, someone do me out of a job.
• 2:12
  It's a nice supposed to be some kind of saying, you know, if you can make yourself redundant
• 2:16
  in your business, that's like the best achievement or something like that.
• 2:19
  It's the, especially if you want to sell the business, you don't want to be so integral
• 2:23
  that you can never sell it because you are the business.
• 2:25
  You were looking at it.
• 2:26
  It's not about you.
• 2:27
  No, no, no.
• 2:28
  But my point here is, if anyone is listening to this, probably for this one, based in New
• 2:33
  Zealand, would be easier.
• 2:34
  Yes.
• 2:35
  However, apply for it anywhere in the world because we can make it work.
• 2:39
  We're going to put the details in the podcast show notes.
• 2:41
  Oh, my God, should we hold auditions or something?
• 2:43
  Sure.
• 2:44
  Like, quite fun.
• 2:45
  Like, make people seem like a mixtape.
• 2:46
  No, no, mixtape.
• 2:47
  What's a called a selfie video?
• 2:49
  Yeah.
• 2:50
  Of why they think they could be.
• 2:51
  To be fair, a selfie video is quite a lot harder than podcasting I was saying.
• 2:55
  I was sharing the community and getting the community vote.
• 2:57
  Ruthless.
• 2:58
  Actually, nah.
• 2:59
  Sorry, you got no votes.
• 3:01
  Sorry, you got no votes.
• 3:03
  Because it's public.
• 3:04
  That's a popularity contest.
• 3:05
  I don't like it.
• 3:06
  No, no, no.
• 3:07
  It's like, no big, I love it.
• 3:08
  Yeah.
• 3:09
  But that made me so anxious when I was little.
• 3:10
  You know, when they're like, pick, I remember playing, I played baseball, and that's how
• 3:14
  they used to pick the teams.
• 3:15
  You know, you get to pick a leader of each.
• 3:17
  And then it's like, who do they want in their team?
• 3:19
  Do you think it would have been your lack of hope skills that meant that you weren't picked
• 3:23
  rather than...
• 3:24
  Well, you know, there's no place in baseball.
• 3:26
  Oh, my.
• 3:27
  But, you know.
• 3:28
  We're cool.
• 3:29
  Oh, I love baseball.
• 3:30
  Sorry, me, yeah.
• 3:31
  It was the one you had tapped, tapped, tapped, with your back.
• 3:33
  Yeah.
• 3:34
  And you'd rather have those big gloves.
• 3:35
  You get quite fun, actually.
• 3:37
  Very good.
• 3:38
  Talked to us, Vic.
• 3:39
  So you know how I get so incredibly angry when someone says that I'm visiting a gambler.
• 3:45
  Oh, I wish you'd said guess what's the thing that riles me out the most.
• 3:48
  Oh, yeah, yeah.
• 3:49
  Yeah, exactly.
• 3:50
  It's, if you really want to get under my skin, approach me at a bar and say I'm visiting
• 3:54
  gambling or like put your hand up in an event and be like, it's an investing gambler.
• 3:57
  Like, my flower man does it sometimes, just to...
• 4:00
  Yeah.
• 4:01
  And poke the bear.
• 4:02
  And I might watch out and mate.
• 4:04
  Like, I'll remain a Valentine's Day, and he tried to set you to a...
• 4:07
  Oh, because he knows.
• 4:08
  Because he thought it was hilarious.
• 4:10
  And I...
• 4:11
  What a way to ruin Valentine's Day.
• 4:12
  Honestly.
• 4:13
  It was probably the worst Valentine's.
• 4:14
  On Refiction, we can laugh now.
• 4:15
  At the time, it didn't go down very well.
• 4:17
  He found it funny.
• 4:18
  I did not.
• 4:19
  He tried to get me to come.
• 4:20
  And then he's like, well, let's just have a drink.
• 4:22
  I was like, not in the casino either.
• 4:24
  Oh my god, no.
• 4:25
  Yeah.
• 4:26
  Also, it's quite gross places.
• 4:27
  I don't know.
• 4:28
  I was just standing there behind your partner with this other girl looking at our partners,
• 4:31
  like playing, I don't know what it was, some card game.
• 4:34
  Not good.
• 4:35
  And they were just like, oh, I was like, no, no, no, no, no, no.
• 4:38
  You're like, this is just like fun management.
• 4:40
  Yeah.
• 4:41
  But then someone won, and that was quite exciting.
• 4:42
  Oh yeah.
• 4:43
  But then I was like, don't enjoy this place.
• 4:44
  Yeah.
• 4:45
  No one craic a smile.
• 4:47
  Yeah.
• 4:48
  But there's no...
• 4:49
  Do you know there's no like clocks or anything in casinos?
• 4:51
  So that people don't know what time it is.
• 4:52
  There's no windows.
• 4:53
  There's no...
• 4:54
  And there's tiles.
• 4:55
  Carpet tiles.
• 4:57
  Because some people sit there long enough that they shut themselves.
• 5:00
  No, that's not true.
• 5:01
  I swear to god.
• 5:02
  No, that's not true.
• 5:03
  I don't believe it.
• 5:04
  I researched Sky City to invest in it.
• 5:06
  And this was some of the stuff that was coming out.
• 5:08
  I didn't invest in it.
• 5:09
  But...
• 5:10
  Oh my god.
• 5:11
  Yeah, and it's usually older woman.
• 5:13
  It's usually older woman.
• 5:14
  It's usually older woman.
• 5:15
  Yeah.
• 5:16
  Imagine working and serving and taking drinks out to people that are not able to get themselves
• 5:22
  to the bathroom because they're so addicted to...
• 5:24
  Well, they're so like, oh my god, the next one could be it.
• 5:26
  The next one could be it if I stop now.
• 5:28
  That's so sad.
• 5:29
  Anyway, investing is not gambling.
• 5:31
  There is strategies behind investing.
• 5:33
  There is no strategy behind gambling.
• 5:35
  Investing, you can grow your mouth.
• 5:37
  Gambling reduces your appetite.
• 5:39
  I can keep going.
• 5:40
  Hypothetically, if someone did approach you at a bar and said that.
• 5:43
  Would you engage in the conversation to try and change their mind?
• 5:46
  Or would you decide it's a walk away moment?
• 5:49
  Depends if they're being as smart as.
• 5:51
  Which probably nine times out of ten.
• 5:53
  And probably after this podcast, people will probably come up to me.
• 5:55
  Oh my god.
• 5:56
  I kind of love that.
• 5:57
  I know.
• 5:58
  And it's like, um, but I would.
• 6:01
  But it's also, it's like with anything, any controversial topic.
• 6:04
  If someone is actually willing, like, I had a conversation with a friend the other night,
• 6:08
  who it was, a Trump supporter.
• 6:10
  Stop it.
• 6:11
  Why are they not on the podcast?
• 6:12
  And I was searching for this.
• 6:13
  Was genuinely interested in their viewpoint.
• 6:17
  And why they considered him to be, you know, such such a good thing for America.
• 6:23
  And I said, and I listened.
• 6:25
  And we kind of agreed to disagree.
• 6:28
  And was it a man or a woman?
• 6:31
  It was a man.
• 6:32
  Yeah.
• 6:33
  But it was also like, I'm not here to try and convince you into my camp of my views or my
• 6:39
  political views.
• 6:40
  I was just genuine and interested.
• 6:41
  And I, I don't know, people that are curious or want, or, or think that investing is gambling
• 6:46
  and actually want to know, is it, is it not?
• 6:49
  But then others that just do it just to, you know, if you're trying to be antagonizing,
• 6:53
  it's a different story.
• 6:54
  Yeah.
• 6:55
  Great.
• 6:56
  If you're open to a conversation or for your perspective to be changed, then you would.
• 7:00
  Yeah.
• 7:02
  In terms of body language.
• 7:04
  Yeah.
• 7:05
  Yes.
• 7:06
  So the reason I brought that up is there is this new craze that it's like a hybrid between
• 7:12
  investing and gambling.
• 7:13
  And people are still deciding, is it gambling?
• 7:15
  Is it investing?
• 7:16
  And it's got so much air time lately.
• 7:19
  I think I know where this is going.
• 7:20
  I've heard it at a dinner party.
• 7:22
  Yeah.
• 7:23
  It's quite interesting because I still don't know where I sit on it.
• 7:26
  And the more people I speak to, again, it's like so split.
• 7:30
  I don't know.
• 7:31
  It's so fascinating.
• 7:32
  Every day there's another headline about it.
• 7:34
  And it is, do you know what it is?
• 7:36
  You do the honors.
• 7:37
  It's, it's core prediction markets.
• 7:40
  And like instead of beating on sports, you know, people trade on whether real world events will happen.
• 7:47
  So things like, you know, will a recession happen this year?
• 7:51
  Will certain politicians get into power?
• 7:53
  Will interest rates fall before December?
• 7:55
  Like there's all these things.
• 7:56
  And there's pop culture ones as well.
• 7:57
  I was going to say how they all financially related.
• 7:59
  No.
• 8:00
  Nor are they sports, politics, business, pop culture.
• 8:03
  It's anything that you can verifiably source that has happened, right?
• 8:08
  So it's not like, will so be happy at the end of the day?
• 8:11
  Yeah, yeah, yeah.
• 8:12
  It's like, no, there's no variable source that so for we happy or sad.
• 8:15
  It's like, but will interest rates fall before December?
• 8:19
  Yes, you know, there's an official announcement.
• 8:21
  All of that.
• 8:22
  So yeah.
• 8:23
  And you can come up with any predictions that you want.
• 8:26
  Is this what we spoke about a while ago, too, where it was like, will it be sunny tomorrow?
• 8:30
  You know, there was really small silly ones that came up with the news.
• 8:34
  But people like buy shares in the outcome.
• 8:37
  So you can actually make money or lose money.
• 8:39
  And the being tells you is it's not just something you go on and you click yes or no.
• 8:45
  You know, it's like an Instagram story where it's like, do you want to see more of this, yes or no?
• 8:49
  You genuinely have to put money up.
• 8:51
  So they are now starting to be used as genuine forecasting tools.
• 8:57
  Because it's predicting who's going to win Best Actor at the Oscars.
• 9:00
  It's quite so clever.
• 9:02
  Yeah.
• 9:03
  Whoa.
• 9:04
  I mean, a major if they started doing it with investing, but it wasn't actually, you know, it was about investing.
• 9:09
  Yeah.
• 9:10
  There's ones about the S&P 500, there's ones about the oil price, there's ones, it's crazy.
• 9:14
  And you know, you've got, if you think about the S&P 500, so the top 500 companies in the US, there is analysts.
• 9:20
  Thousands of analysts around the world trying to figure out what the return will be for the year.
• 9:26
  Will it be up?
• 9:27
  Will it be down?
• 9:28
  Like, you know, what will it be?
• 9:29
  And they're looking at an analyst's what?
• 9:31
  For anyone that doesn't know?
• 9:32
  So they're analyzing like economic data, company data, like everything.
• 9:36
  Their researchers, they're analyzing all this data trying to figure out, you know, will it be up?
• 9:40
  Will it be down?
• 9:41
  And here you've got a platform that has hundreds of thousands of people around the world that is now
• 9:49
  sometimes better predicting than these like, yeah.
• 9:55
  So it's kind of fascinating though, because I almost feel like if there was no money involved,
• 10:00
  it would be great because then you could get a sense check for what's going on.
• 10:04
  But then you could also sway it, right?
• 10:06
  Because I'd be like, well, I'm not putting up anything, so I'm just going to click no.
• 10:09
  And you know, so because there's money, it's actually a much more accurate predictor or forecasting tool.
• 10:16
  And if there was an event and it was like, yes, I think that it's going to be sunny tomorrow.
• 10:21
  And if there is like a 70% chance it's going to be sunny, then you have to put up 70 cents a share.
• 10:27
  And if that happens, then you get paid a dollar.
• 10:30
  So you've put up 70 cents and you get paid a dollar.
• 10:32
  If it doesn't happen, you get zero.
• 10:33
  So you've lost 70 cents.
• 10:34
  Okay, so it's not like you can put in a different amount of money in.
• 10:38
  You can do lots of predictions, you can create your own predictions.
• 10:41
  It's got to be quite a binary outcome, right?
• 10:43
  Let's look at a pop culture one because that's fun.
• 10:45
  Okay.
• 10:46
  Who are you looking to find these?
• 10:48
  So there's this platform called Kelsey.
• 10:51
  I think that's how you say it.
• 10:53
  Anyway, it's been founded by a female.
• 10:55
  She is kind of the youngest self-made billionaire.
• 10:57
  It's now worth $11 billion.
• 10:59
  She's worth like over a billion dollars.
• 11:01
  She's 29.
• 11:02
  It's quite wild.
• 11:03
  And they've just got approval like regulatory approval in the US.
• 11:07
  So you know, they're not considered a beating site.
• 11:10
  It's actually like a regulated platform, which is quite wild.
• 11:14
  This is crazy.
• 11:15
  This is like a whole new asset class.
• 11:17
  Yes.
• 11:18
  It's just like owning outcomes.
• 11:19
  It's kind of what you...
• 11:20
  Wow.
• 11:21
  Yeah.
• 11:22
  And so you can go, yeah, politics, sports, crypto, climate.
• 11:25
  Is this pop culture?
• 11:26
  Even mentioned, it's like, will Trump say yes more than 50 times in his next speech?
• 11:30
  You know, shit like, that's like...
• 11:31
  This is so cool.
• 11:33
  It's almost like a financial version of a general knowledge quiz.
• 11:38
  Yeah.
• 11:39
  But you can make real money, you can lose real money as well.
• 11:42
  Best director for the Oscars, best actors so much of it.
• 11:45
  Who will successfully take over Warner Brothers?
• 11:48
  We should have looked at this a few weeks ago.
• 11:50
  Oh, I'm sorry.
• 11:51
  We're lost to be fair.
• 11:52
  Yeah.
• 11:53
  Yeah.
• 11:54
  But this is a thing, very few people thought Paramount.
• 11:56
  So the payoff was much greater because the odds were lower.
• 11:59
  Right.
• 12:00
  But do you think then, and is there only binary answers, like two answers?
• 12:03
  No.
• 12:04
  So there's like...
• 12:05
  There's one here.
• 12:06
  There's the deliveries this quarter.
• 12:08
  And you've got 2.9 million, 3.1 million, 3.1 million.
• 12:11
  And so there's like lots of outcomes within that question, if that makes sense.
• 12:16
  Kind of.
• 12:17
  So will it be 3 million or more, and there's yes or no?
• 12:21
  Will it be 3.1 million?
• 12:24
  Yes or no.
• 12:25
  Because I think the thing about the two answer within a question.
• 12:28
  What you just said in terms of...
• 12:30
  You're kind of beating like, as in...
• 12:33
  If everyone thinks Netflix is going to take over one of brothers
• 12:37
  and 1% of people say Paramount, they'll be people that just click that
• 12:41
  because it's going to be a better payoff if they win.
• 12:43
  So there is a beating element, but then things like Tesla deliveries this quarter.
• 12:47
  If you were like, very knowledgeable on Tesla,
• 12:51
  and this is what's also come into the controversy is inside a trading.
• 12:55
  There's nothing stopping the CFO of Tesla who's very close to the numbers.
• 13:01
  This is kind of weird, but huge.
• 13:03
  It's like a weird hybrid, and I'm just kind of like,
• 13:06
  more here about it.
• 13:07
  It's investing.
• 13:08
  The more here about it, it's gambling.
• 13:10
  It's just like, I don't really know what to...
• 13:13
  Do you only do like about it?
• 13:14
  I like that it's making and investing more interesting.
• 13:17
  Yes.
• 13:18
  As in, I think a lot of people struggle with the stock market or things that are intangible.
• 13:23
  Even crypto, there's a lot of people that don't like investing in those things
• 13:26
  because they don't understand it.
• 13:27
  But a lot of these, if you've got an area of genius and it's politics,
• 13:31
  and you can make money through it, it's kind of cool.
• 13:33
  And like these production markets have been around for so long,
• 13:37
  but the reason that these have gathered so much attention lately is crypto technology.
• 13:42
  So that is made global participation way easier,
• 13:46
  and the transactions faster, quicker.
• 13:48
  So it's got a lot of momentum,
• 13:50
  and then also all the geopolitical events that we've had lately,
• 13:54
  the US election, it's made people interested
• 13:57
  and being able to predict on new and exciting things, also social media.
• 14:02
  And then I can say that Kaleishi.
• 14:04
  Kaleishi.
• 14:05
  It's such a...
• 14:06
  I don't love the branding of it.
• 14:07
  Kaleishi.
• 14:08
  Yeah, there's been obviously a lot of new regulation allowing them to operate.
• 14:12
  So...
• 14:13
  This is so interesting.
• 14:14
  It's a $44 billion market.
• 14:16
  There is $44 billion trading in production markets every year.
• 14:22
  We'll last, sorry, last year, which is more than Airbnb's entire revenue.
• 14:27
  $44 billion, that's...
• 14:30
  I mean sports betting is like a trillion dollars, so it's still pretty small.
• 14:33
  I'm just looking through this.
• 14:35
  And it is, like, who will win Big Brother Brazil in 2026?
• 14:39
  So who will win?
• 14:40
  Who will, Big Brother, right?
• 14:41
  You would know.
• 14:42
  So it's kind of like there is...
• 14:43
  Yeah.
• 14:44
  Yeah, like, who will win the battery at season 22?
• 14:46
  Oh my God, we should do...
• 14:47
  What's the next topic for the curve podcast?
• 14:50
  I'm just telling everyone in advance, guys bet, it's going to be this, not this.
• 14:54
  But yeah, like, market manipulation as well, right?
• 14:57
  Like, we could very much do that and then you're kind of manipulating.
• 15:00
  But I was looking up some of the most rogue productions.
• 15:04
  Will aliens be confirmed by 2030?
• 15:06
  What other ones are there?
• 15:07
  Will a large asteroid hit Earth before 2035?
• 15:10
  And will Taylor Swift announce a pregnancy in 2026?
• 15:14
  Yes to that.
• 15:15
  Yes, yes.
• 15:17
  This is kind of fun, I really like it.
• 15:21
  Where does the money go when you invest it?
• 15:23
  Like, how do you get it out if you win money?
• 15:25
  So the way the platform makes money is obviously just trade, so they just take fees.
• 15:29
  But it's through everyone that uses the platform, essentially.
• 15:33
  So then you get paid out by the amount of money coming in.
• 15:36
  Yeah.
• 15:37
  So if we were betting against each other, sorry, if we were predicting...
• 15:39
  And against each other.
• 15:40
  If we were investing against each other.
• 15:41
  Then I would get your money.
• 15:44
  If I won and you would lose, do you know what I mean?
• 15:46
  It's quite clever.
• 15:47
  Yeah.
• 15:48
  So it's...
• 15:49
  And then bear a little fee in between on the platform.
• 15:51
  But then where...
• 15:52
  So that's why people are like, it's cheers, essentially, because...
• 15:55
  Oh, you're buying off other people just out of the shoes.
• 15:57
  Yes.
• 15:58
  I mean, not directly, but it's essentially, like, cheeses is just a platform that takes fees.
• 16:03
  I am not saying that cheeses is...
• 16:05
  Be saying credit to anything.
• 16:07
  But when you buy cheeses in a company,
• 16:11
  you're trading off each other.
• 16:13
  You're not trading with the company.
• 16:15
  You're only trading with the company.
• 16:17
  You're buying cheeses off a company when it first comes to market, when it first IPOs.
• 16:20
  Yeah.
• 16:21
  But how does the money get pulled out of this?
• 16:23
  Is it the same way it would...
• 16:25
  Like a DIY account.
• 16:26
  You create an account, you link your account.
• 16:28
  And then if you want to pull the money out that you win.
• 16:30
  Yeah.
• 16:31
  You load up into your digital wallet.
• 16:32
  And then you predict things.
• 16:34
  Oh, no.
• 16:35
  And then I think you've opened a can of wounds.
• 16:37
  I really can see myself getting so into that.
• 16:40
  You know what I was doing when I was prepping for this?
• 16:42
  I was like, we should have done this at the end of last year with our productions.
• 16:45
  And actually put real money behind it.
• 16:47
  That was so good.
• 16:49
  Oh, this is quite...
• 16:51
  I mean, there's corruption, tomatoes, there's televisions.
• 16:54
  So many things.
• 16:55
  It's actually started to quite accurately predict future events.
• 17:00
  So it's like outperformed polls, expert forecasts.
• 17:04
  And it's kind of...
• 17:05
  I kind of like it and it's the power of the people.
• 17:07
  People all over the world using this thing.
• 17:09
  They have so many different insights.
• 17:11
  I quite like this because I feel like this is a great platform for people who perhaps
• 17:18
  don't feel super confident with what's happening in financials of a business.
• 17:22
  But if you've watched Gossip Girl 500 times and you know what happens,
• 17:26
  oh, that's a bad example, it's already aired.
• 17:28
  But you know, kind of a cool way to engage people in the idea of making money.
• 17:32
  But I also feel like it's gambling.
• 17:35
  Yeah.
• 17:36
  That's what I mean.
• 17:37
  I mean, I'm not convinced.
• 17:38
  I'd love to know what people think.
• 17:39
  I'd love to know if people think it's gambling or investing.
• 17:42
  Even investing, right?
• 17:43
  If we take the oil price, for example.
• 17:45
  There are people that trade and invest in commodities.
• 17:50
  And therefore, when you're investing, you are kind of making a prediction.
• 17:55
  You're making a prediction that this company is going to be bigger and better in the future.
• 17:59
  And my money's going to grow.
• 18:00
  So I can kind of see...
• 18:02
  I keep flipping because I can see both sides.
• 18:04
  Yeah, I don't know how...
• 18:06
  I don't know how to think about it.
• 18:07
  Yeah.
• 18:08
  Maybe we can put a poll in the somewhere when you're listing.
• 18:13
  I'm pretty sure if you open it, also do think this platform is gambling or investing.
• 18:17
  Please leave comments quite interested to hear.
• 18:20
  I just can see it getting addictive.
• 18:22
  And I think when you think about the worst part about gambling is the addiction piece.
• 18:27
  You know, like you can't really get addicted to investing in the S&P 500, can you?
• 18:32
  Oh, if you do, that's probably great.
• 18:34
  Yeah.
• 18:35
  We have more money in it.
• 18:36
  It's like cool.
• 18:37
  And there's like, there's an element of prediction there, right?
• 18:41
  Well, sorry, there's an element of probability that, look, the stock market has done 10% per year on average for the last 30 years.
• 18:48
  So, you know, I have the...
• 18:50
  With all the information in hand, I have the best guess that it's going to keep delivering something about that return for the next few years or the next, you know, for the long term.
• 18:58
  So, that's why you invest in the S&P 500, because it's a probability that it will continue to do in the future.
• 19:03
  And so, how is this different?
• 19:05
  Because all your...
• 19:06
  You're putting money in something based on the probability of historical data.
• 19:11
  So, I'm kind of...
• 19:12
  It's the regulation piece that I think is confusing.
• 19:14
  Yeah.
• 19:15
  Because if you work...
• 19:16
  You're right, if you work on a show, like I worked on Survivor.
• 19:18
  Yeah.
• 19:19
  If I was a producer on that show and one of the bets was that, and I've seen the editing.
• 19:23
  You were doing 100%.
• 19:24
  Yeah.
• 19:25
  So, I don't know how you would regulate in the same way you do with an investment.
• 19:29
  Because it's very obvious if you work at a company or you're privy information.
• 19:33
  Maybe AI will just track everything about our life.
• 19:37
  And you'll go to vote on Ariana Grande or Beyonce and you'll go,
• 19:40
  You work at KCFM.
• 19:42
  You're not able to do this.
• 19:44
  Yeah.
• 19:45
  But, yeah, governments right now are kind of questioning, like, is this gambling?
• 19:50
  Is it financial markets?
• 19:52
  And there's actually been some controversy because you can kind of...
• 19:55
  Like, there's one trader that made 1.2 million.
• 19:57
  No way.
• 19:58
  People are making shit loads anyway.
• 19:59
  Yeah.
• 20:00
  But, betting on, like, military actions for that happens.
• 20:03
  So, like, you're betting on war.
• 20:05
  You're betting on death.
• 20:06
  You're not like there is a bit of a stark side to it.
• 20:09
  Yeah.
• 20:10
  That's what's kind of called for, like, tighter regulation.
• 20:13
  Government's getting involved.
• 20:14
  Because also, when someone's putting a million dollars down there,
• 20:17
  they think someone's going to invade.
• 20:18
  If they have vested interests in something bad happening,
• 20:21
  then they can say so.
• 20:22
  Yeah.
• 20:23
  But also, if you think about the reverse of it, right?
• 20:25
  If someone's invested in the outcome.
• 20:27
  Oh, yes.
• 20:28
  Yeah.
• 20:29
  People's morals could come into question when it comes down to,
• 20:31
  who do you pick for the best Oscar for the best actor?
• 20:35
  Well, it's like when...
• 20:36
  Yeah, it's like why politicians can't trade or invest in shares, really.
• 20:41
  Like, they've got very strict rules because otherwise, it's like,
• 20:44
  yes, I'm going to give this change to this healthcare policy
• 20:46
  that's going to benefit this healthcare company that I've got shares in.
• 20:49
  You know, I like it's all...
• 20:51
  Money is power.
• 20:52
  Money is power.
• 20:53
  Very complex.
• 20:55
  But yes, I do like this platform because it was started by a woman.
• 21:00
  And I'm like, go you.
• 21:02
  Just, you know, like having the foresight to create something like this.
• 21:06
  I don't know how it started.
• 21:07
  Let's try it.
• 21:08
  Yeah.
• 21:09
  And that joke would be to ask her.
• 21:10
  She'd have such a better answer than I do.
• 21:12
  That's for sure.
• 21:13
  No.
• 21:15
  I just think it would be really interesting.
• 21:17
  But maybe her background is betting or investing.
• 21:22
  Yeah.
• 21:23
  Because that'd be really interesting for what she came to create the platform.
• 21:26
  I was the use case, actually.
• 21:28
  Was it to help people build wealth or is it gamification?
• 21:31
  Is it...
• 21:32
  Is it to create a gambling?
• 21:33
  Is it to control, you know, having more controlled environment for gambling?
• 21:37
  Is it, yeah, it would be interesting to know.
• 21:39
  Yeah.
• 21:40
  Also saw that female participation last year in production markets doubled.
• 21:46
  Because they started introducing like pop culture entertainment.
• 21:48
  I was like, hmm.
• 21:49
  I was kind of like, guys, come on, we should be.
• 21:53
  You know, predicting on the oil price and the price of gold and the...
• 21:57
  Yeah.
• 21:58
  Just because they're talking about, like, sleep.
• 22:00
  Timothy, Shalamey, you know, winning best acting.
• 22:02
  Come on, guys.
• 22:03
  Yeah.
• 22:04
  Oh my God.
• 22:05
  We have to start our pop quiz.
• 22:08
  Oh, yes.
• 22:09
  I've sent Lucy, our social media manager, a message saying, we must start this.
• 22:14
  Oh.
• 22:15
  So that's going to be coming.
• 22:16
  I'm going to be thinking...
• 22:17
  I'm going to be so competitive.
• 22:18
  I'm going to current now this.
• 22:19
  You cannot.
• 22:20
  You won't know.
• 22:21
  Oh, it's these questions.
• 22:22
  What was I debating?
• 22:23
  We both had a penny drop.
• 22:26
  Let's go ahead if anyone watched that video.
• 22:28
  At the exact same moment we both go.
• 22:32
  One of the bets is the oil price.
• 22:35
  Oh, oh my God.
• 22:37
  Which has just absolutely gone crazy the last few weeks.
• 22:42
  Could I tell you that?
• 22:43
  Last week.
• 22:44
  Yeah.
• 22:45
  Something I'm really proud of is that I got home the other day and my darling father said,
• 22:51
  have you filled my car up?
• 22:52
  And I said, no, dad, I haven't, but I will tomorrow.
• 22:55
  And he said, quick, quick, quick, quick, the oil prices are going to be going up.
• 22:59
  And I thought, ding, ding, ding, I'm a clever girl.
• 23:03
  I know why.
• 23:04
  And I know it's really sad reason why they've gone up.
• 23:06
  But I had one of those, oh my God.
• 23:08
  I know what's going on in the world moment.
• 23:10
  And I was actually quite proud of it.
• 23:12
  And have you seen the pictures of everyone at the petrol stations?
• 23:14
  Did you go?
• 23:15
  No, my dad actually ended up going.
• 23:16
  He went at 10 pm last time.
• 23:17
  Why?
• 23:18
  No, there's just like cues out down the street in terms of petrol stations all around the world.
• 23:22
  Because people are clambering to fill up their cars.
• 23:24
  Because the oil price is going to, it's going up like every day.
• 23:27
  And so oil is a main ingredient in petrol.
• 23:29
  So when I say oil, I'm kind of talking about petrol as well.
• 23:32
  So we should all be booking any flights we're planning on taking.
• 23:34
  Yeah, I mean, they've probably already gone up.
• 23:36
  Because of all the air spaces has been disrupted and everything.
• 23:38
  But the reason the oil price has gone up is because of the conflict in the Middle East.
• 23:43
  And there's been, and we spoke about this last week or the before,
• 23:47
  about the closure of this tiny gap in the Middle East where all the ships effectively,
• 23:53
  all 20% of the world's oil leaves the Middle East and goes to the Western countries.
• 23:58
  So there is like the more that this goes on, the more conflict, the more intense it gets,
• 24:04
  the more the oil price just keeps going up and up and up.
• 24:07
  Because supply and demand, the supply's low, demand is high.
• 24:10
  And that means petrol is going up.
• 24:13
  Do you know what I think?
• 24:15
  Yes.
• 24:16
  Yes.
• 24:17
  I think in the last six months, maybe nine.
• 24:21
  Perhaps 12.
• 24:24
  I have become way more confident with spotting a trend when it happens.
• 24:28
  Nice.
• 24:29
  Because of this podcast, not because I'm reading the news,
• 24:32
  but because we talk about things that are themes and we see them evolve
• 24:36
  and we talk about them week to week.
• 24:38
  So if you're new to the curved podcast or the curved weekly,
• 24:41
  you may just be jumping in on some of these stories.
• 24:43
  But a lot of them we go back to because they're not quickly done in a second.
• 24:46
  No.
• 24:47
  So take time to evolve.
• 24:49
  And I have started to understand a little bit more about the people
• 24:54
  that would invest in oil.
• 24:56
  I am not saying that I want to invest in it.
• 25:00
  But what I'm saying is, you know, two months ago,
• 25:03
  when things started kicking off,
• 25:05
  if you are an investor who is chasing returns and returns only,
• 25:09
  investing in oil, quite a clever decision.
• 25:12
  Yeah.
• 25:13
  Because she runs the shelves, the BP's of the world.
• 25:15
  They've all gone up.
• 25:17
  And I think you can also invest in the commodity itself in the oil,
• 25:21
  in the oil price.
• 25:22
  Yeah.
• 25:23
  It's so hard, isn't it?
• 25:24
  Yeah.
• 25:25
  Because there's oil and gas ETFs as well.
• 25:28
  There's so many different ways that you could have...
• 25:31
  Yeah.
• 25:32
  If things were getting heightened and tensions were getting high
• 25:36
  in the Middle East and in the US,
• 25:38
  that you could have jumped on this trend.
• 25:40
  It is a short-term trend, I hope.
• 25:42
  It's a short-term trend.
• 25:43
  It's also, yeah, it's not the approach we talk about
• 25:46
  investing in terms of buying and selling.
• 25:49
  We're not trying to trade.
• 25:51
  Yeah.
• 25:52
  But I'm definitely not trying to say,
• 25:54
  oh, wow, that's an investment that I'd be making.
• 25:57
  I guess my point is just...
• 25:59
  There's people out there that sit on these screens looking for this stuff
• 26:02
  and would have made money out of it.
• 26:04
  But I like to focus more on the prediction markets.
• 26:08
  That seems to me like it's going to be something...
• 26:11
  It's going to be around for a while and investing in a trend like that.
• 26:15
  Do you mean investing in the trend of prediction markets?
• 26:18
  Yeah.
• 26:19
  Rather than...
• 26:20
  Yeah.
• 26:21
  Something that might be hot and gone with them.
• 26:23
  And maybe a broader trend of conflict, right?
• 26:26
  So maybe it is investing in defense companies or things like that.
• 26:30
  A bit more of a broader trend because there has been increased more...
• 26:34
  What would a defense investment be?
• 26:37
  There's defense ETFs which invest in a lot of defense companies.
• 26:40
  What is...
• 26:41
  Sorry to sound...
• 26:42
  Sorry to say anything from...
• 26:44
  They can make ammunition.
• 26:46
  They can make weapons.
• 26:47
  They can make boats.
• 26:48
  They can make...
• 26:49
  It can be steel manufacturers.
• 26:50
  It can be anything.
• 26:51
  Like it depends on the kind of the company or the ETF.
• 26:54
  Because when you said that, all I thought was guns.
• 26:56
  No.
• 26:57
  And this is the whole thing with ethical investing, right?
• 26:59
  Is that I don't want to invest in controversial weapons.
• 27:02
  And I totally see why.
• 27:04
  But then there's two sides to a war usually.
• 27:08
  Therefor, you know, Russia, Ukraine.
• 27:10
  A lot of people were in support of Ukraine.
• 27:12
  But if you're not investing in defense companies,
• 27:16
  they're not getting the capital to be able to support.
• 27:19
  Yes, it might be Russia, but it also might be Ukraine.
• 27:21
  So it's like, it's a whole thing.
• 27:23
  God.
• 27:24
  There's been a few...
• 27:25
  Just to make it, that's really easy.
• 27:26
  There's been a few can of worms in this episode, I will say.
• 27:30
  But defense companies, again, have already...
• 27:32
  They've actually done really well, particularly in Europe.
• 27:36
  And it is because there has been increased outbreaks.
• 27:39
  It's increased.
• 27:40
  I feel tension.
• 27:42
  Yeah, like there's...
• 27:44
  Everyone's just a bit highly strong.
• 27:46
  Sorry, that's kind of really downplaying.
• 27:48
  But do you know what I mean?
• 27:49
  There's lots of extreme views that I reckon have been multiplied
• 27:54
  in the last 10 years versus, you know, the 10 years before that.
• 27:58
  So I think reflecting back what I think you're trying to say
• 28:02
  is there's been a ground swell of division over the last five to 10 years
• 28:08
  and we're starting to see that.
• 28:10
  We're not even starting.
• 28:11
  It's been...
• 28:12
  There's obviously so much war that's been happening ongoing.
• 28:15
  But it feels really...
• 28:18
  Everyone...
• 28:19
  It feels divisive.
• 28:20
  It feels...
• 28:21
  Everyone is sort of ready to pounce on.
• 28:23
  Their friend, if they've got a different opinion on something.
• 28:26
  It's very polarizing.
• 28:27
  It's very...
• 28:28
  Very like, left and right and that.
• 28:30
  Yeah.
• 28:31
  And obviously the more zoomed out government, country, version of that
• 28:35
  is that it feels like there's just so much...
• 28:39
  Yeah, completely.
• 28:40
  And my hatred and...
• 28:42
  Yeah.
• 28:43
  So in terms of the oil price that has gone up massively,
• 28:48
  it's over a hundred dollars when we're recording this podcast.
• 28:52
  And it hasn't been these levels since 2022.
• 28:56
  Which, remember, we had...
• 28:59
  That was post pandemic.
• 29:00
  So there was this rebound and everyone flying, everyone driving
• 29:05
  and all the oil producers had kind of stopped producing
• 29:08
  because there was no planes flying, no cars driving.
• 29:11
  And then all of a sudden it rebounded and the world was going to open again.
• 29:13
  And there was this huge shortage.
• 29:15
  And the oil price absolutely spiked.
• 29:18
  And we're now seeing where in that environment again,
• 29:21
  which is wild because that was such a one-off...
• 29:24
  You know, once in a generation of ent.
• 29:26
  And now we've seen it run in the space of four years twice.
• 29:30
  So this will have an effect on inflation.
• 29:34
  Like you said, airlines.
• 29:36
  It's one of their biggest expenses.
• 29:38
  They're going to increase their prices.
• 29:40
  Petrol.
• 29:41
  You know, now your dad running out to get petrol.
• 29:44
  He's going to have to fill his car up in a few weeks time
• 29:46
  if the petrol price is still high.
• 29:47
  That money has come from somewhere.
• 29:48
  Maybe it's him not spending on something else.
• 29:50
  Or do you know what I mean?
• 29:51
  It's...
• 29:52
  And also petrol.
• 29:53
  It's an everything.
• 29:54
  Like logistics companies.
• 29:55
  Amazon.
• 29:56
  You know, getting anything from Amazon.
• 29:57
  Their costs have gone up.
• 29:58
  You know, e-commerce.
• 29:59
  Everything.
• 30:00
  Seending parcels.
• 30:01
  Seending parcels.
• 30:02
  Getting your groceries delivered.
• 30:03
  Like that now will cost more.
• 30:04
  Oh, no.
• 30:05
  So it's not just filling your car up.
• 30:07
  And now you've got to pay more.
• 30:08
  It's like, no, no, no.
• 30:09
  Everything that uses oil,
• 30:11
  which is surprisingly a lot of things.
• 30:13
  And they'll tell you, sorry,
• 30:14
  the longer this goes on, the more damage it will do.
• 30:17
  And I think Trump said somewhere like,
• 30:19
  oh, it'd be over in a few weeks.
• 30:21
  I think there's any war that's been over in a few weeks.
• 30:23
  So...
• 30:24
  Do you?
• 30:25
  Okay.
• 30:26
  Interesting.
• 30:27
  You have said for ages the idea of inflation may be coming,
• 30:31
  may, may, may, and tariffs equal this.
• 30:34
  But just then you said inflation will happen.
• 30:37
  You were really quite.
• 30:39
  I know.
• 30:40
  I knew you picked up on that.
• 30:41
  No, I do.
• 30:42
  Did you actually?
• 30:43
  I do.
• 30:44
  I do think it will happen.
• 30:46
  I just don't think how it can't.
• 30:47
  But the caveat.
• 30:48
  There's always a big caveat.
• 30:50
  That is AI.
• 30:52
  Which, remember, we've got this offsetting,
• 30:54
  like, because people will be more productive.
• 30:56
  And you can do a lot more now,
• 30:58
  because you're more efficient.
• 30:59
  And, yeah, so there's like,
• 31:01
  if we take Amazon, for example,
• 31:03
  you know, the cost to move things around has gone massively.
• 31:06
  But now they've introduced AI,
• 31:08
  so they're more efficient.
• 31:09
  So it kind of like one offsets the other.
• 31:11
  So thank goodness for AI right now.
• 31:13
  It was what I'm saying.
• 31:14
  And I just hope that it keeps getting us more and more efficient
• 31:17
  and doing things much cheaper,
• 31:18
  because we've got this other kind of thing
• 31:20
  on the side that's making things more expensive,
• 31:22
  if that makes sense.
• 31:23
  I mean, it's fascinating, isn't it?
• 31:25
  Yeah.
• 31:26
  But, you know, how we mentioned,
• 31:28
  last year,
• 31:30
  it's the Asian stock markets,
• 31:31
  some of the best performing.
• 31:32
  We had South Korea, Japan.
• 31:34
  They are the countries that rely on oil
• 31:37
  from the Middle East the most
• 31:38
  out of anyone in the world.
• 31:39
  Oh, so they're the tankers?
• 31:40
  So, Japan gets 90% of its oil from the Middle East.
• 31:44
  It's stock exchange has had a really, really tough start
• 31:49
  to the year.
• 31:50
  So what is it?
• 31:51
  Where is it at?
• 31:52
  It's down 10%.
• 31:53
  But probably by the time this podcast comes out,
• 31:54
  it'll be down more.
• 31:55
  Wow.
• 31:56
  South Korea is down 20%.
• 31:57
  They get 70% of their oil from the Middle East.
• 32:00
  India was the same.
• 32:01
  It's said that it's hurting those stock markets
• 32:04
  that were probably like,
• 32:05
  woohoo!
• 32:06
  Oh my God, you know.
• 32:07
  You know, Japan had it had a stock market return
• 32:09
  like that for so long last year.
• 32:11
  And also bringing back 12 predictions.
• 32:14
  That was one of my predictions.
• 32:15
  Remember from the year before?
• 32:18
  But Japan, the other way you could think about it is
• 32:22
  if you want to see those economies doing better,
• 32:25
  you can invest in them.
• 32:27
  You know, like especially if they're down 10%,
• 32:29
  it could be a really amazing chance to think about
• 32:32
  buying in different places.
• 32:34
  Not advice, not advice on advice.
• 32:36
  There's actually a whole other thing here
• 32:38
  which probably failed, but like diversification, right?
• 32:42
  If you're getting 90% of your oil from one region,
• 32:46
  you know, like this,
• 32:47
  I know we talk about diversification and investing,
• 32:49
  but like in business too.
• 32:51
  In business, in a country, in anything.
• 32:55
  Like if you had one large customer in your business,
• 32:58
  you know, like that's a risk.
• 33:00
  Like there's, I don't know,
• 33:01
  it's a diversification across everything just
• 33:03
  because you never know what's going to happen.
• 33:05
  There's another angle also perhaps the idea
• 33:07
  that because there's so much reliance now on oil,
• 33:10
  that renewables and other companies
• 33:13
  that have power, but perhaps,
• 33:16
  like companies may not have considered before,
• 33:18
  but now because there's a shortage of oil,
• 33:20
  that might go up.
• 33:21
  Yeah, well it encourages and accelerates
• 33:23
  like renewable energy projects, right?
• 33:25
  I'm sure Japan now will be like,
• 33:28
  oh shit, you know, those renewable energy projects
• 33:31
  that were plotting along,
• 33:32
  that weren't getting a lot of funding.
• 33:34
  Because you know, like now,
• 33:36
  we have to otherwise,
• 33:38
  you know, it's going to completely hurt our economy.
• 33:40
  So yeah, it does, you know,
• 33:42
  when there's crisis in the world,
• 33:43
  when there's intense market movements or cycles,
• 33:46
  like it definitely does bring about change.
• 33:48
  And I, well, the oil price is going up.
• 33:51
  I do think it will highlight for a lot of countries
• 33:53
  and economies the need to fast track and not rely on.
• 33:56
  I mean, at least it's so volatile now.
• 34:00
  It's like you can't rely on an area
• 34:02
  for your main resource to fuel your country
• 34:06
  that's been so volatile.
• 34:08
  That's, yeah.
• 34:14
  There's another investing trend.
• 34:16
  We kind of alluded to it.
• 34:18
  We'll spoke about it.
• 34:19
  I think when you had Abby on the podcast,
• 34:21
  we did.
• 34:22
  We had someone filling in for that.
• 34:24
  God.
• 34:25
  I forgot about that.
• 34:26
  A bit of a part time.
• 34:27
  Yeah.
• 34:28
  And where, yeah, we spoke about,
• 34:30
  I actually can't even remember what the main points were.
• 34:32
  But it was the idea that loneliness has become more
• 34:35
  of a business problem than it's ever been before,
• 34:38
  because, you know, it was kind of up until recently,
• 34:41
  considered a personal issue,
• 34:43
  like your lonely deal with it yourself.
• 34:45
  But actually, the stats and the research
• 34:47
  were showing that lonely people were producing less work
• 34:51
  and therefore there's a productivity impact.
• 34:54
  Yeah.
• 34:55
  Yeah.
• 34:56
  It's a real trend that loneliness,
• 34:58
  I don't know, epidemic,
• 34:59
  if you want to call it that,
• 35:00
  but it is becoming more socially acceptable
• 35:03
  to spend time alone.
• 35:05
  It's coming through in a lot of stats
• 35:07
  in terms of things like a lot of solo activities,
• 35:11
  so things like travel, dining out theatre,
• 35:14
  like a lot of companies
• 35:15
  and industries are starting to see
• 35:17
  and adapt to people doing things by themselves.
• 35:21
  I even noticed the other day,
• 35:23
  I was out for dinner with my mum.
• 35:25
  And there was this guy sitting there
• 35:26
  with this giant plate of sashimi by himself.
• 35:29
  And I thought,
• 35:31
  that is the dream.
• 35:32
  I would love having to share.
• 35:34
  Yeah.
• 35:35
  To be sitting in front of 40 pieces of salmon sashimi
• 35:38
  and inhaling it all myself.
• 35:39
  Yeah.
• 35:40
  But it was interesting,
• 35:41
  because I did notice it.
• 35:42
  I thought, oh, that's quite cool,
• 35:43
  that guy's by himself.
• 35:44
  But yeah, people are doing it more.
• 35:46
  But is it like a case of loneliness,
• 35:47
  I have no friends?
• 35:48
  Or is it a case of,
• 35:49
  I'm actively being solo
• 35:51
  because I want me time?
• 35:53
  I don't know.
• 35:54
  Yeah.
• 35:55
  But there is...
• 35:56
  Do you think one's influenced the other, though,
• 35:57
  because there has been a trend
• 35:59
  for people to spend more time by themselves,
• 36:01
  to have a solo date to the movies.
• 36:03
  A lot of people talk about it being quite important.
• 36:06
  There's probably a fine balance, right?
• 36:08
  It doesn't think too far one way
• 36:09
  that we kind of isolate ourselves
• 36:11
  and end up having AI companions
• 36:13
  and trying to have children with them.
• 36:15
  Oh, my God.
• 36:16
  I'm sorry.
• 36:17
  Or...
• 36:18
  Yeah, but then I think there is a balance, right,
• 36:20
  of not...
• 36:21
  of enjoying your own time.
• 36:23
  And there's probably a byproduct
• 36:25
  of less health and wellness trend.
• 36:27
  But the solo travel market
• 36:30
  was worth about 100 billion last year,
• 36:34
  sorry, in 2024.
• 36:36
  And it was expected to be about
• 36:38
  190 billion by 2030.
• 36:40
  So people are booking solo tickets,
• 36:43
  solo flights,
• 36:44
  solo fast food orders have gone up
• 36:46
  like 50 percent since 2021.
• 36:50
  What?
• 36:51
  And...
• 36:52
  I wonder if was there a huge wave of breakups
• 36:54
  or something because of COVID?
• 36:56
  I think it's people living alone,
• 36:58
  much more alone than they have in the past.
• 37:00
  You know, like urban cities.
• 37:02
  The apartments are small,
• 37:04
  people living in them,
• 37:06
  they're living alone,
• 37:07
  they're not having children,
• 37:08
  or they're having children later in life,
• 37:09
  increased divorce.
• 37:10
  All of that would lead to people
• 37:12
  doing more solo activities.
• 37:14
  But we're really seeing it from restaurants
• 37:16
  to travel, to entertainment.
• 37:18
  It's quite wild.
• 37:19
  It's kind of interesting.
• 37:20
  Yeah.
• 37:21
  I don't know how I feel about this.
• 37:23
  However,
• 37:24
  I wonder if there's a lot to do with the fact that
• 37:27
  women have become way more independent.
• 37:29
  We don't need to be in relationships.
• 37:32
  We'll be in relationships if we want to,
• 37:34
  and they're bringing something to our life.
• 37:36
  Not purely financial stability,
• 37:38
  which it has been traditionally.
• 37:40
  I just wonder if there's a flow on of
• 37:42
  a lot of people have probably left
• 37:45
  relationships that are unthoughtful.
• 37:47
  Yeah, or just aren't...
• 37:49
  They're not settling for companionship now.
• 37:51
  Yeah.
• 37:52
  It's like, no, no, no.
• 37:53
  I don't need to settle for companionship.
• 37:56
  I can be my own companion,
• 37:57
  because my own financial earner
• 37:59
  and I'm my own...
• 38:00
  Yeah.
• 38:01
  I don't know.
• 38:02
  I'm not sure if I'm heading into a feminist approach to that,
• 38:04
  but I just feel like if there's a ginormous trend
• 38:06
  of more people being alone,
• 38:08
  that gene really means more people being single
• 38:10
  or not in relationships.
• 38:12
  Yeah.
• 38:13
  And it's really interesting.
• 38:14
  And it's really interesting.
• 38:15
  And it's really interesting.
• 38:16
  People living longer, people,
• 38:17
  I think I'd love to know through these stats,
• 38:19
  through these stats,
• 38:20
  you know, breakdowners.
• 38:21
  And the age too.
• 38:22
  Yeah.
• 38:23
  Because it's interesting that at the same time
• 38:24
  that living is the most
• 38:27
  exorbitantly expensive,
• 38:29
  it's either being really.
• 38:30
  Yeah.
• 38:31
  And people are still living alone.
• 38:33
  You would almost think that that would be the opposite.
• 38:36
  When things are so expensive,
• 38:38
  that everyone's forced to figure out a way to have a date.
• 38:40
  Probably functionally everything, right?
• 38:42
  Marriage is being more expensive,
• 38:44
  child keeping more expensive.
• 38:46
  Yeah, everyone's houses getting smaller,
• 38:48
  because we're living in, you know,
• 38:49
  multiple living urban areas,
• 38:50
  divorce rates higher,
• 38:52
  females being more financially,
• 38:54
  you know, free and illiterate.
• 38:57
  There's probably combination,
• 38:58
  everything, really.
• 38:59
  There's a lot going on here.
• 39:00
  There's a lot going on here.
• 39:01
  There is a lot going on here.
• 39:02
  It's like, it's like,
• 39:03
  it's like, like, combustion,
• 39:04
  like, oh, God.
• 39:05
  I don't know, I don't know.
• 39:06
  No, because someone sent us this on Instagram.
• 39:08
  They sent us a video
• 39:09
  and it was this guy saying essentially
• 39:12
  that that what's about to happen
• 39:14
  and it was really dire.
• 39:16
  And I watched five seconds of it.
• 39:18
  And I actually think she's the AI champ.
• 39:20
  Was it the one?
• 39:21
  No, it wasn't.
• 39:22
  It was about war, actually.
• 39:24
  And I messaged back.
• 39:26
  I was like, I can't even get past the first five seconds.
• 39:28
  And she's replied and I haven't replied yet.
• 39:30
  But I just...
• 39:31
  I watched this expert video,
• 39:32
  I don't know who it was,
• 39:33
  but they were an expert on nuclear war.
• 39:36
  And they were asked if there was a nuclear war outbreak.
• 39:39
  What is the, you know,
• 39:40
  where, where in the world
• 39:42
  would be the safest
• 39:43
  and what country would survive.
• 39:45
  And they were like,
• 39:46
  the only country that would survive
• 39:48
  would be New Zealand
• 39:49
  and a little bit of Australia.
• 39:50
  And I was like,
• 39:51
  oh my goodness.
• 39:52
  Yeah, but also like.
• 39:54
  I was like, oh my gosh.
• 39:55
  I was kind of like,
• 39:56
  how many people are going to hit our way?
• 39:57
  You know, I was like, oh my goodness.
• 39:59
  Yeah, but also, oh no.
• 40:01
  Imagine,
• 40:03
  we're the only island in the world.
• 40:04
  I mean, I don't even know if I'd wanted the apocalypse.
• 40:06
  I know neither.
• 40:07
  I just...
• 40:08
  She's me.
• 40:09
  We're all only programming with our cousins.
• 40:11
  But it was like,
• 40:12
  because agriculture is key to survival
• 40:13
  and we've got our own
• 40:14
  to self-sustaining agriculture.
• 40:15
  Anyway, it was like this whole thing.
• 40:16
  And part of me was like, yeah,
• 40:18
  but also no.
• 40:19
  Yeah, I do not want to be the only survivor
• 40:20
  in a nuclear war
• 40:21
  and please no nuclear war.
• 40:22
  Anyway.
• 40:23
  I was thinking
• 40:24
  if everything goes
• 40:26
  absolutely tits up globally,
• 40:28
  I mean, it's kind of happening already.
• 40:29
  But if it was,
• 40:30
  we're so lucky.
• 40:36
  So we've got,
• 40:37
  is this how community corner?
• 40:41
  What are we calling this?
• 40:42
  What are we calling this?
• 40:43
  A curved community corner?
• 40:44
  Oh, well, I don't know.
• 40:45
  CCC.
• 40:46
  Can we workshop that?
• 40:47
  I'm feeling uncreative at 5 p.m.
• 40:49
  Yeah, no fair enough.
• 40:50
  So in the curved community corner,
• 40:52
  it's a placeholder name.
• 40:53
  It's a placeholder name.
• 40:54
  Anyway, this is from Carl Hart.
• 40:57
  Carl Hart.
• 40:58
  Kia ora.
• 40:59
  It's buying Birkshire Hathaway,
• 41:01
  like buying an ETF
• 41:02
  that Waza has created.
• 41:04
  I'm sorry.
• 41:05
  Can we pause that someone is still calling in Waza?
• 41:07
  We talked about this.
• 41:08
  AKA Warren Buffett is what he's meaning.
• 41:11
  It's buying Birkshire Hathaway,
• 41:12
  like buying an ETF that Waza has created,
• 41:14
  would be investing in what Birkshire Hathaway has invested in.
• 41:17
  Yes, essentially,
• 41:18
  it is an investment company
• 41:21
  that you can buy shares in,
• 41:22
  that then invest that money into,
• 41:24
  you know, I guess the profits
• 41:26
  and the revenue and earnings from
• 41:28
  all the underlying businesses that they invest in,
• 41:30
  dictate the profit for Birkshire Hathaway.
• 41:35
  So yes, when you're investing in Birkshire Hathaway,
• 41:37
  you've got this large pod of cash
• 41:39
  that they're sitting on,
• 41:40
  and then all these other businesses that they've invested in.
• 41:42
  So it is kind of like an ETF,
• 41:44
  but it's like,
• 41:45
  it's like investing in an investment company,
• 41:47
  but maybe you could make the Birkshire Hathaway ETF
• 41:50
  that we can't get.
• 41:51
  Why did you think that Carl Hart was a guy?
• 41:53
  Carl.
• 41:54
  But it says,
• 41:55
  Kel Hathaway,
• 41:56
  I have one more question.
• 41:57
  I don't know why I thought, yeah.
• 41:58
  Hey.
• 41:59
  Yeah.
• 42:00
  Sorry.
• 42:01
  I don't know.
• 42:02
  Anyway, there was another really cute email,
• 42:04
  but we have to keep it anonymous.
• 42:05
  Kia ora, Soph.
• 42:06
  Huh.
• 42:07
  Why did they not say hi to you?
• 42:09
  I'm going back through some of the podcasts,
• 42:11
  and just listen to your chat with Pete about rent investing.
• 42:13
  I have 48k left to pay off my mortgage
• 42:16
  and have, wow, amazing.
• 42:18
  And have income coming in via Airbnb.
• 42:21
  So I reckon it's time to take the net step.
• 42:23
  Oh, right.
• 42:24
  So she's ready to do like an investment property like I did.
• 42:27
  Sorry, sorry, sorry.
• 42:28
  I knew it was six months ago that you posted,
• 42:30
  Pete had some availability.
• 42:31
  Is that still the case?
• 42:32
  If so, would love a referral.
• 42:34
  Absolutely love the journey.
• 42:35
  You and Vic, there you go.
• 42:36
  You got to meet Jim.
• 42:37
  Yeah.
• 42:38
  How it started me on?
• 42:39
  Joined with the beginners investing course last year.
• 42:41
  Love that.
• 42:42
  I'm a little bit scared as I'm late 40s
• 42:44
  and I've missed 30 years of investment opportunities
• 42:46
  and I only have 10 to 15 years left to correct that.
• 42:49
  So pedal to the metal.
• 42:51
  Oh, my God, I love this.
• 42:52
  I had a good sized house deposit sitting at an ordinary bank account
• 42:55
  for most of my 30s.
• 42:56
  Oh, God, that sucks.
• 42:58
  When I think about it now,
• 42:59
  and what I could have done with that money to grow it,
• 43:01
  I gave for the IOU course too.
• 43:03
  I'm spreading the word.
• 43:04
  That's so cool.
• 43:05
  I love that.
• 43:06
  I love that.
• 43:07
  Can I also just say for anyone that is interested
• 43:09
  in the way that I invested in my property,
• 43:12
  totally getting touched, we can put you in touch with Pete,
• 43:14
  but also I'm doing a property update
• 43:16
  in the next couple of months
• 43:18
  because, yeah, I've done it again.
• 43:21
  Good.
• 43:22
  No, no, twice.
• 43:23
  But we haven't gone into detail.
• 43:24
  I'm sorry.
• 43:25
  So that's going to be our account.
• 43:26
  Yeah, yeah, no.
• 43:27
  And yes, we do.
• 43:29
  You can get in touch with Pete if you just DM us
• 43:31
  or email Hello at the coach.
• 43:33
  The coach.
• 43:34
  The coach.
• 43:35
  Platform.
• 43:36
  Platform.com.
• 43:37
  Did you forget our email?
• 43:38
  Yeah.
• 43:39
  Real brain explosion.
• 43:40
  No more afternoon reports from us.
• 43:41
  No.
• 43:42
  And this is Tequila involved.
• 43:43
  The big threat.
• 43:44
  I think I was thinking that would be so nice today.
• 43:46
  Okay.
• 43:47
  Have a great week, everyone.
• 43:48
  And I will not be back next week.
• 43:50
  No.
• 43:51
  It's going to be Vic and a surprise gift.
• 43:52
  So make sure if you would like to be on the podcast
• 43:54
  that you get in touch because it would be so fun to know if,
• 43:57
  yeah, there's people that want to do it.
• 43:59
  Bye.
• 44:00
  Thank you so much for listening to The Curve Weekly.
• 44:02
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• 44:04
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• 44:07
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• 44:09
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• 44:10
  because we would love your feedback.
• 44:12
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• 44:15
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• 44:17
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• 44:19
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• 44:20
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• 44:22
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• 44:23
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• 44:25
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• 44:27
  for the next episode of The Curve Weekly on Monday.
• 44:32
  Okay, quickly, The Curve was created to empower and educate you about investing
• 44:42
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• 44:44
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• 44:46
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• 44:50
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• 44:53
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• 44:55
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• 44:58
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• 45:00
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• 45:02
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• 45:03
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• 45:04
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