Latest / The Curve / How Song Lyrics Are Moving the Stock Market.

Transcript

How Song Lyrics Are Moving the Stock Market. · The Curve

0:00
I meet someone in the weekends.
0:05
Oh my god, fun, who?
0:06
Like an exciting famous person?
0:07
Famous in our eyes.
0:09
Was it like an ex-boyfriend or something?
0:10
No.
0:11
Oh my god, who?
0:12
No, I texted and told you about it.
0:13
Did you?
0:14
Yeah.
0:15
Oh, I was at a bar.
0:18
I hope he's listening.
0:19
I was like, I'll meet you and you on the pod.
0:21
Thanks, John.
0:22
Gonna pull.
0:23
I know.
0:24
No, I wasn't that pissed, but I was at brilliant corners
0:27
and London, it's like a fun.
0:30
Oh, I love that place.
0:31
Yeah, yeah.
0:32
And we were just sitting outside.
0:33
You know, someone just sees you for a little bit too long,
0:35
you're like, okay, buddy.
0:38
And you thought, I must be looking really hot tonight.
0:41
Keep staring, mate.
0:44
No, and then he was like, oh, I love your podcast.
0:46
And I was like, hang on, is that a British accent
0:48
that I hear?
0:49
I was like, do you have any tie to New Zealand?
0:51
Nice.
0:52
And he's like, no.
0:54
I was like, none at all.
0:55
How did he find it?
0:56
And his girlfriend was like, what's the podcast?
0:59
Like, she, yeah.
1:00
And he was like, oh, I just got served it
1:02
on some algorithm, something.
1:03
But, yeah, male and British.
1:07
That is tip to tip.
1:08
I must say, I am always so pleasantly surprised.
1:12
But I also just don't know what to say after that.
1:14
You're like, okay.
1:15
And you're sitting opposite each other.
1:17
You know?
1:18
And then you sit like this to lose.
1:19
You just have to think of some small talk.
1:21
Do you know what I mean?
1:21
No, I did.
1:22
I was trying to channel Sophie Horane.
1:23
We were like, oh, so we did you hear the podcast?
1:25
But then it's like a flight, right?
1:28
You sit next to this person.
1:30
Oh, enjoy your night.
1:32
It's like the walkward when you're like,
1:33
by and then you both walk in the same direction.
1:35
Walkward, I like that.
1:36
I, I find every time someone sees,
1:39
oh, I listen to the podcast.
1:41
Like the other day I was walking through London
1:43
and the girl was walking towards me
1:44
and I was like, cool outfit.
1:46
Love her shoes.
1:47
Great.
1:48
And she just like kind of smiled at me
1:49
and then like yelled back, being like,
1:50
I love the girl.
1:52
Cheers.
1:52
And I was like, oh, my God, cool.
1:55
And I feel like whenever it happens
1:57
or whenever I meet someone who listens to the podcast,
1:59
I think I would be friends with you.
2:01
You're cool.
2:02
Do you know what I mean?
2:03
Like that to me is the ultimate compliment.
2:04
I also just love, I don't know.
2:06
It's a really nice feeling when people do.
2:08
Yeah.
2:09
Yeah.
2:10
Yeah, thank you.
2:11
I'm like, do you want to hang out sometimes?
2:11
I know.
2:12
No, it's really, it's like, it's really nice.
2:15
Yeah.
2:16
Can anyone else that's a UK citizen
2:19
that's listening to this podcast
2:21
forward it to like 55 other UK citizens that you know?
2:24
Yeah.
2:25
We're really, like, we love our New Zealand following.
2:27
We love everyone in Australia.
2:29
We love everyone everywhere.
2:30
But you know what?
2:31
We need to get the word out.
2:32
The UK needs to know about the current.
2:34
Yeah.
2:35
Needs to know about financial receive,
2:36
financial education, investing.
2:38
We could honestly look at getting a bribe for those.
2:40
Why are you looking at the camera?
2:41
I wasn't, I wasn't actually,
2:42
I was just looking at this strange poodle necklace
2:44
you're wearing.
2:44
It's an H.
2:47
Oh, it looks like a doll.
2:49
I know.
2:52
Where did it come from?
2:54
Um, I got it for Christmas.
2:56
From who?
2:57
From Foulman.
2:58
Oh, cute.
2:59
H, H.
3:00
Okay, I'm going to give more context.
3:02
This necklace is like, it looks like twisted metal.
3:05
Like, as if someone's tried to make an H
3:07
and it's accidentally got a poodle head.
3:09
Is what I would say.
3:10
Yeah, it's like, it's really cute.
3:12
Geography kind of vibes.
3:13
Yeah, yeah.
3:14
If you would like to see it.
3:17
You can watch it on YouTube.
3:19
And 4K.
3:20
So you were able to see all the twists and turns.
3:22
What do you recommend Emily?
3:23
Is this good promotion?
3:24
Yes, yes, great, great.
3:25
Yeah, H is my last name.
3:27
Harris.
3:28
Nice.
3:29
And his last name.
3:30
Good.
3:31
Nothing, yeah.
3:32
Yeah, nice, nice, nice, nice.
3:33
Yeah.
3:34
So it's a subtle instead of being like,
3:35
like a heart around my neck with his name.
3:37
Well, like the best friends this far.
3:39
I had those.
3:40
Same.
3:41
I always got the ends one, like the shit side of the heart.
3:44
Oh, yeah.
3:45
I always wanted the B fry and I always got
3:47
East ends.
3:48
I just like warm mine for a bit and then you have a fight.
3:50
And you'd be like, I'm not wearing mine.
3:51
And then you'd lose it and then, yeah.
3:53
It was the ultimate compliment wasn't it?
3:55
Shit, yeah.
3:56
I'm giving you half my heart.
3:57
Yeah, yeah, yeah.
3:58
God, we were cute.
3:59
Same as like, you're invited to my birthday party.
4:02
And then you, oh, no, you're not.
4:04
Oh, you sure?
4:05
Do you know what I have said about this?
4:06
I think being a kid is so ruthless.
4:08
Like, I know that we're like,
4:10
oh, it's so chill.
4:11
You don't have to pay for anything.
4:12
You have to think about anything.
4:13
You don't have your responsibilities.
4:14
I reckon being a kid was
4:16
I felt so many intense motions.
4:19
I felt like, I don't know.
4:21
School was really bitchy.
4:23
Like, I had great friends.
4:24
But I don't think that I would go back to being 10
4:26
if someone said you have the option to go back.
4:29
Oh, I was.
4:30
Put you.
4:31
Yeah.
4:32
Oh, God.
4:33
How fun.
4:34
All you have to worry about is like playing in the playground.
4:35
I reckon, I reckon.
4:36
Absolutely.
4:37
It's a no for me.
4:38
Try to remember myself at 10.
4:39
I was doing my J's ballet, you know?
4:41
I'm sure I've told you this.
4:44
What?
4:45
I was like, loves J's ballet.
4:47
And like, I was a bit on the chubby side.
4:49
Anyway, the good, the good, they're like,
4:51
really hard out athletic girls.
4:53
I'm just telling you this.
4:54
No conduct just panting into the like-
4:56
I thought I told you that.
4:57
Sorry.
4:58
This is so good.
4:59
No, like the girls that always got the front row were like,
5:01
the really athletic, coordinated girls.
5:04
And they always got the front row.
5:06
And anyway, I like-
5:08
I was always going to go back and like-
5:10
So caught me up.
5:11
Yeah.
5:12
Anyway.
5:13
Like, you know, you see all the really good performers
5:15
because they exert so much energy.
5:18
Because they exert so much energy.
5:21
When they stop it.
5:24
And when they finish and they do the pose,
5:26
they're like, puffed and they're like,
5:28
so I wanted to read that good.
5:32
So with the end, I would always-
5:37
I'm joking, oh my god.
5:43
And so like, to be like them instead of just like being a bit more coordinated and stuff,
5:47
I would always finish and feel like-
5:51
Would you pretend to be puffed?
5:54
And I probably just looked like this were an unfit kid.
5:57
Who's been at the back and hasn't really-
5:59
I don't know, yeah.
6:00
That is so iconic.
6:02
Yeah.
6:03
Did you ever get put at the front?
6:04
No.
6:05
For like all of like 10 seconds when they're like,
6:07
rotate you and then, oh, and back to the back.
6:09
Yeah.
6:10
But anyway, you know, determination of a little kid.
6:15
Oh, that's made my day.
6:17
On to finance chat.
6:18
Finance chat.
6:19
Okay.
6:20
Apple.
6:21
We had a bit of news about Apple recently.
6:23
So you know how we spoke last week about all the big investment in AI that's going on,
6:27
and we've had like Microsoft and Messer and Amazon and Google all come out with billions
6:32
and billions of billions of dollars in investment.
6:34
But the one that's been a bit quiet is Apple.
6:39
And when you say quiet, do you mean they're not talking about how much they're investing in AI?
6:42
No.
6:43
They're not talking about-
6:44
Interesting.
6:45
Anything in terms of, well, there's little things, but like they're just not doubling down on it
6:49
and really promoting this massive, massive investment that's going on.
6:54
Wait, sorry.
6:55
So Apple is having a massive investment.
6:57
Is it?
6:58
Oh, so you know, when you just say they're not promoting this big investment happening in AI.
7:02
Oh, sorry.
7:03
I thought you meant the company, but you just mean in general.
7:05
Yeah.
7:06
They're definitely kind of the laggards, I guess.
7:09
And-
7:10
Do you think they're just trying to be subtle about it and not talk about it?
7:12
Or is that-
7:13
But like why?
7:14
Great value for the business.
7:16
In terms of the share price.
7:17
Well, the share price hasn't done well.
7:19
And all the others have.
7:21
Because you mentioned the word AI and everyone jumps on it.
7:24
And they're all like, oh my god, okay, must invest.
7:27
You know, it's this, it's such a buzzword.
7:29
Yeah.
7:30
I just was wondering if Apple was trying to be more subtle or not be so like,
7:35
leaning into that.
7:36
But-
7:37
Yeah.
7:38
I guess why would you not?
7:39
Yeah.
7:40
And I guess the difference with Apple right is like if you look at Google Microsoft for example,
7:44
like they are a lot of software like Google Search for example.
7:48
You know, like that's very easily leans us up to AI,
7:52
whereas Apple was like more products.
7:54
Well, it's going to integrate into Siri and stuff.
7:56
That's what's going to say.
7:57
It's almost like the AI element for Apple isn't necessarily into the phone, I assume.
8:01
And it's probably more the software or the things that you're able to do through the phone.
8:05
Yeah.
8:06
And they are investing in a lot of things in AI,
8:08
but they've just not coming out and like touting that they're spending billions, billions dollars.
8:12
Anyway, the share price has naturally not done well.
8:15
But one thing they are doing is they are buying their own shares.
8:19
So they have to-
8:20
This is a green flag, everyone.
8:21
Yes, yes, a green, green flag, yes.
8:23
So they're spending money on buying their own shares, which is what you call a share buy back.
8:30
And this is effectively when a company is like, you know what?
8:33
We've got this money.
8:34
And we don't know what to do with it in terms of whether to invest in AI or launch a new product, buy a new business.
8:41
The best use of that money right now is to buy our own stock.
8:45
So there must be something going on behind the scenes in terms of like they can-
8:49
They want to own more of their own business.
8:51
Yes, and the reason you want to do that is because you know what's coming.
8:54
And you know that it's going to go up and up and up.
8:56
Okay. Yeah.
8:57
Interesting.
8:58
It's actually a really good alternative to dividends.
9:01
So they could just be like, you know what?
9:03
Let's just give that money back to shareholders as dividends.
9:06
But they're like, no, no, we want to buy our own shares.
9:09
Which when you're a company of that age, like normally you do start giving dividends when you're an older company,
9:16
whereas when you're high growth and really just started,
9:19
the idea of dividends is never really a thing.
9:21
So they're investing back to grow the business.
9:25
So the fact that they're not doing that probably says that they see more growth coming?
9:30
Well, yes.
9:31
But technically as a shareholder, you still get the money back essentially
9:36
because the share price increases.
9:38
So you still get the return.
9:40
It's just a different way of getting it.
9:42
What do you mean?
9:43
So I could own Apple shares and Apple could pay me a dividend in terms of a cash payment.
9:51
And I'd be like, cool thanks.
9:52
I get that money as like profit as part of my return of my Apple shares.
9:57
Or they could be like, no, no, we're going to buy our own shares.
9:59
So the share price goes up.
10:01
So it's just a different mix.
10:02
But I don't get why the share price goes up if they buy.
10:04
Because they're buying like nearly $100 billion with their own stock.
10:08
So when you've got a huge buyer like that,
10:11
you've got increased demand.
10:13
The same amount of supply.
10:14
The share price just keeps going up.
10:16
So it's not that someone's directly, unless they sold their shares,
10:20
they're not making money.
10:21
It's just the idea that their shares are more valuable now.
10:23
Yeah.
10:24
So there's a capital gain, which is now a lot bigger.
10:28
Or you can have, say, a mediocre capital gain and a mediocre dividend,
10:32
which added together is the same effectively and a really crude way,
10:36
effectively the same return, just a different way of giving it to shares.
10:39
I might just like, you know, strip this back because I know what you're saying,
10:42
but I think there might be some people that are confused.
10:44
So basically, when you own a share,
10:47
the whole idea of buying into a company or only a company is that you want to make money.
10:51
Yeah.
10:52
There's heaps of different ways that you can make money through those stocks.
10:55
And often in slower kind of like the low key boring companies like a supermarket,
11:01
your share, like your return will be often,
11:06
like whatever your value of that share is,
11:08
plus sometimes you'll get a dividend.
11:10
So it might be like, let's say your return is 10%.
11:13
So you have one share, you're getting a 10% return.
11:16
So maybe half of that might be dividend.
11:18
So you get it straight back into your bank account
11:20
and half of it might be the value of what that share is.
11:22
In this situation for an Apple share,
11:26
because Apple are buying heaps of their own stock,
11:29
the actual share price is going up.
11:31
Yeah.
11:32
So you might be getting a 10% return too,
11:35
but it's tied up in the share price,
11:37
opposed to you getting money back into your account if that makes sense.
11:40
Yeah.
11:41
Yeah.
11:42
Because there's two ways you can get a dividend,
11:44
a return is through a dividend, or the change in the price of what you own.
11:48
Yeah.
11:49
It's like a house price going up.
11:51
You have prices going up.
11:52
Or you get a house, yeah, Rachel and come.
11:54
Yeah, Rachel and come, yeah.
11:55
And so with dividend paying companies,
11:57
usually the change in the price is lower.
11:59
Like it still goes up, but not nearly as much as a kind of a growth company.
12:03
And then the difference is made up with dividends.
12:06
Which is why when you look at your return or what your money or may have things,
12:11
you have to look at all the money you're getting.
12:13
Because you might be getting a 10% return plus another 5% dividend.
12:17
Yeah.
12:18
Which means your return is actually 15%.
12:20
It's like our shares in the curve, right?
12:22
We could say we made a million dollars this year.
12:25
And it'd be nice.
12:26
We could either take that as a dividend and be like,
12:29
you know what, let's take that and run with it.
12:31
Or we could be like, you know what, let's invest that million dollars back into the curve.
12:34
So the value of our shares goes up even more because we're reinvesting in growth.
12:39
Yeah.
12:40
Investing in AI is actually something that a lot of people are interested in at the moment.
12:43
So we have decided.
12:45
We can do a little bit of a investing club open day.
12:48
This is almost something we would do inside the club.
12:50
Yeah.
12:51
But we were like, you know what, everyone wants to talk about it.
12:53
So let's have an investing in AI open day.
12:57
Yeah.
12:58
It's kind of like, imagine your 15.
13:01
And you're looking at your high school and you're thinking,
13:03
I don't know where I want to go.
13:04
And your mum takes you for like an open day of the school.
13:06
That's what's happening.
13:07
Yeah.
13:09
So everyone can come to us if you want to learn about AI and how you can invest in it.
13:13
It's happening.
13:14
Is it the 27th of August?
13:15
27th of August.
13:16
Yeah.
13:17
And we are going to talk about, you know, what is AI?
13:19
Because I think a lot of people, it's this word that's thrown around.
13:21
But like, how is it changing the world?
13:23
Because it really is from like so many different areas.
13:26
We're going to talk about why women in particular need to know about it.
13:30
Like that is a big, big, big one.
13:32
We're going to look at some stocks, some ETFs and some other opportunities.
13:37
Like within the value chain, we kind of touched on it maybe last week.
13:41
But we're going to go way more in depth.
13:43
And what are the risks and the red flags look up for?
13:45
And then also the big one, which is around the ethical side of it.
13:49
So you've got data privacy, you've got confusion, climate change, renewables, all of that.
13:53
Yeah.
13:54
There's a lot of people that think they've missed the boat with this.
13:56
Like, we've seen the video perform fantastically.
13:59
It seems so many other stocks, they do so well.
14:02
I just think it's so easy to feel left behind in so many situations.
14:08
It's just not too late.
14:09
Yeah.
14:10
Like, okay, think about the internet when it first started.
14:15
If all of a sudden online shopping happened, just another subtle plug,
14:19
I was the first person in New Zealand to do online shopping.
14:22
I was on the news for a while actually, it was my mum.
14:24
But I was eating a pink sticky bun in the background on the news.
14:27
Anyway, pointers.
14:28
If you had that had started happening and you thought, oh, I've missed the boat.
14:32
I can't invest in the worldwide web.
14:34
I mean, 30 years later, what is it doing?
14:36
You know, it's like, we're still at the beginning of AI.
14:39
So much is going to change still.
14:41
And I think if you're feeling like, oh, I've missed the boat to even interact
14:45
with it or use it or invest with it.
14:47
You just haven't.
14:48
So don't stress.
14:49
Well, also, when we have such revolutions, when we have such revolutionary changes like this
14:54
that creates more opportunities, do you know what I mean?
14:57
It might not be the Nvidia's of the world, but there's other companies
15:00
that are writing this AI wave that we can get invested in.
15:03
And also, we'll have plenty, plenty, plenty of time for Q&A.
15:06
So the link is in the show notes of this podcast, 27th August,
15:10
8pm New Zealand time, or 9am UK time.
15:14
See you there.
15:15
So just finishing up on Apple is that Warren Buffett has actually come out.
15:19
Oh, I was going to say because Warren Buffett did a massive investment.
15:22
How many tech he invested in?
15:24
In 2016.
15:26
And he's made massive profits out of it.
15:29
But he has started to sell down in 2023 last year.
15:33
And then again, it's come out.
15:35
So you only know this when they released their quarterly financials.
15:38
Because that's a disclosure.
15:40
So he was selling down in the June quarter.
15:43
He sold $4 billion worth of Apple shares.
15:46
So maybe he's just selling an Apple's just buying them.
15:48
And they're just like this.
15:49
And they're kind of in these codes.
15:51
I'm joking.
15:52
I am.
15:53
So he's still got about $60 billion of Apple stock.
15:58
So he's still very much invested.
16:00
And that represents about 20% of his overall portfolio.
16:03
Oh, so he's still got 20% of his whole portfolio is an Apple.
16:06
That's still a lot.
16:07
Yeah, still big bit.
16:08
I mean, I just feel like if I look at the iPods from a million years ago,
16:13
and how much the products and what they offer has changed so much,
16:16
they're such an innovative company.
16:18
Like, I just don't, I, they're so far ahead of other brands.
16:23
How cool iPods.
16:24
Yeah, I know.
16:25
Wouldn't it be great if you could listen to music and not get distracted
16:29
by millions of other apps like all you were doing was listening to music?
16:33
I feel like there's a bit of nostalgia going around.
16:36
You know, people are going back to string headphones.
16:38
Oh, saying, oh my god, I've gone back to string headphones.
16:40
I know.
16:41
I saw that.
16:42
Oh, okay.
16:43
Cool.
16:44
Cool.
16:45
Obviously judging me.
16:46
No, I want to, just because I don't want you to have phone stolen London.
16:50
No, doesn't help.
16:51
Yes, Dafferring got their phone stolen London while using wire headphones.
16:55
So it's right here.
16:57
There's this weird thing that there's all these little kids on bikes
17:00
with Bella Clover's, Bella Clover's, and hoodies.
17:03
And they just go around and grab people's phones out of their hands.
17:06
Every 16 minutes in Mayfair.
17:07
Oh, my god.
17:08
In Mayfair.
17:09
Mayfair.
17:10
Just for fun.
17:11
It's like the nicest such night's part of London.
17:13
Which is probably why.
17:14
Yeah, you would think it would be in like a place that you felt a little bit on edge,
17:17
not like they've started to put stickers on the pavement saying,
17:22
don't hold your phone.
17:23
That's close to the road.
17:24
Wow.
17:25
Like all those markings in Oxford Street saying, don't hold your phone.
17:28
Like, say on the phone.
17:29
So I'm like, it's, do you know what?
17:31
Yes, it's annoying.
17:32
Like, it's annoying from a financial perspective.
17:34
The most annoying thing for me is the idea of having to get into all my bloody accounts.
17:38
Like, I would just be like, cool.
17:40
Don't have money.
17:41
I think it's just good.
17:42
I think it's just a defeat.
17:43
You know, you start running and you're like, why am I running?
17:45
Yeah, you're on a bike.
17:46
This is what I created yesterday.
17:47
He was like, oh, I just didn't even bother.
17:48
I was like, this is not a point.
17:50
You just feel so stupid.
17:51
You're like, of course.
17:52
Yeah.
17:53
Anyway.
17:54
Also, a shining star in the club, one of the stock ideas that we spoke about,
17:58
very, very early on in the club, has come out with a financial result.
18:02
Do you own a language?
18:03
Do you own a language?
18:04
Oh, my god.
18:05
Do you own a language?
18:06
Do you own a language?
18:07
No.
18:09
Do you own another language?
18:10
No.
18:11
Oh, let's know.
18:12
Let's know.
18:13
That's a bit rude.
18:14
Well, like, you either do or you don't.
18:16
Well, I can say Bonjour.
18:18
No, no, no, no, no.
18:20
So when I was living in Mexico, I found this amazing Spanish teacher.
18:24
And my plan was like, great.
18:25
Perfect.
18:26
Who else would you find?
18:27
Heaps of hot mix can mean.
18:28
Like, oh, my god.
18:30
Get me back ASAP.
18:32
So I started learning Spanish.
18:35
Oh, yeah.
18:36
And two weeks in when I was like, perfect.
18:38
This is my moment.
18:39
I'm going to start getting fluent law.
18:41
I couldn't speak, like, look at it.
18:43
And anyway, I think COVID happened.
18:46
And I was, that was my, like, moment.
18:48
And it stopped me from speaking?
18:49
Yes.
18:50
Because I had to move home.
18:51
Oh, sorry.
18:52
And I left my amazing teacher.
18:53
Oh, gosh.
18:54
And since then, I just, it doesn't quite...
18:56
Teacher?
18:57
No, no, no.
18:58
She was, like, a future old woman.
18:59
It was not sexy.
19:00
Anyway, so the arts there is, sorry, more simply.
19:03
No, I can't.
19:04
Thank you.
19:05
Thanks for that.
19:06
You can.
19:07
No.
19:08
I can speak a few words.
19:09
Oh, wow.
19:10
Yeah.
19:11
Amazing.
19:12
I must say, I think this is, like, the biggest gift you could give a kid is byling...
19:15
Bylingle from a young age.
19:17
But I think you have to live there, right?
19:19
Like, I know Julengo's done so well.
19:20
And, like, I remember before I went to South America, I was in the car on the way to work.
19:24
You want to see.
19:25
You want to see how a miracle trip makes an appearance.
19:27
Every podcast.
19:28
I'm like, going another trip.
19:30
She's like, this one time.
19:32
When I was 90.
19:33
At the time, I'm banking.
19:34
Oh, my God.
19:35
Oh, my God.
19:36
I'm not that person.
19:37
No.
19:38
But I think being immersed in...
19:40
I agree.
19:41
I don't think I'm going to learn.
19:42
I mean, I haven't really tried.
19:43
But I don't think I'll learn a new language for a Julelingo.
19:45
Well, lots of people do.
19:48
48 million.
19:49
Wow.
19:50
A day.
19:51
You used Julelingo.
19:52
Wow.
19:53
That's huge.
19:54
Yeah.
19:55
Imagine the customer inquiries.
19:57
They've been so many different languages within that.
20:01
48 million people using your app.
20:03
And it goes down for like 10 seconds.
20:05
They're like, I'm trying to learn cash.
20:06
Yeah.
20:07
I can't.
20:08
I need to find any way.
20:09
It's done really, really well.
20:11
But recently...
20:12
No, no.
20:13
You need to give a bit of, like, be more confident here, Vic.
20:15
We spoke about this.
20:16
Yes.
20:17
In the club.
20:18
It's up 70% since we spoke about it.
20:19
That's insane.
20:20
It was actually up about 150%.
20:21
And then it's come down recently.
20:22
Wow.
20:23
Okay.
20:24
But still insane.
20:25
And it's still really good up in a year.
20:27
It's up 70%.
20:28
It's done what like 10%.
20:30
We should have invested when we spoke about it.
20:31
One idea.
20:32
It's literally dead.
20:34
Excuse me.
20:36
Over here to the microphone.
20:37
Emily.
20:38
Oh, we're just sorry.
20:39
Emily is just...
20:40
We need to help.
20:41
Volume manager in the house.
20:42
No, as soon as you spoke about it in the club,
20:43
I immediately invested and then saw it go up.
20:46
And I actually wrote in the club.
20:48
Has anybody else Julelingo go up?
20:50
Wow.
20:51
So I flipping love Julelingo.
20:53
I think their business model is insane.
20:56
As far as apps go, 10 out of 10.
20:58
But see, that's a good example, right?
21:00
Like you understand yet, you use the app.
21:02
So the idea of investing is not that scary.
21:04
You're like, oh, I get it.
21:05
Cool.
21:06
Great.
21:07
I'll invest.
21:08
How much should you put in?
21:09
Not a lot, about £100.
21:10
No, it's fine.
21:11
And so it's gone up to like £170.
21:13
Yeah.
21:14
But then it's come back down recently.
21:15
But still.
21:16
How fast?
21:17
Yeah, the little owl.
21:18
She wasn't paid to say that, by the way.
21:19
Well, technically she was.
21:22
But yes, they're expanding kind of beyond just languages
21:26
and moving more into chess and like games and stuff.
21:30
Okay.
21:31
Because if the app's really good to use,
21:32
you could, you know, you get people on there.
21:34
They can do anything really.
21:35
But the reason it has slowed down recently is competition.
21:39
People are now using ChatGbT.
21:42
They're using Google Translate.
21:44
It's getting really good in terms of like learning language.
21:46
So there's, I think, them diversifying into other things
21:49
beyond languages is quite good.
21:51
Anyway, there's another thing I found.
21:53
Well, I found some research that found it.
21:55
There is, there's been...
21:58
Get it out, Jesus.
22:00
There is a correlation between the number of times
22:06
that a luxury brand has mentioned in songs and its sales
22:10
and therefore it's numerous.
22:12
I was like, who is doing this research?
22:14
Quite fun to be like, I know.
22:16
I want to see if there's a correlation between share price returns
22:18
and brands and music.
22:20
This must be the same for any cultural reference, I think,
22:24
whether it's films and it's a product.
22:27
Yeah.
22:28
You know, we took, spoke up the Birken in six in the city.
22:30
Or, I mean, this is a weird example,
22:33
but even like in pop songs when other artists refer to other artists,
22:37
you know, like, you know that Nicki Minaj song
22:40
and it's like, something, something, something, something.
22:42
Selena, you know?
22:43
That Selena Gomez.
22:44
Yeah.
22:45
Oh.
22:46
Yeah, that's what I mean.
22:47
And every time I hear it, I think Selena Gomez,
22:49
you know, like, I think there's a lot of like cultural nuances
22:52
that feed into popularity across different things.
22:55
I agree.
22:56
Yeah.
22:57
And it's all intertwined, right?
22:59
It's like the reason they're talking about in songs
23:00
because they're so popular in pop culture
23:02
and then that leads to sales and yeah.
23:04
And it's probably in their video clips and then it's like,
23:06
you know, there's probably a lot of, but anyway.
23:08
There has been this research that's been done.
23:10
And so, I want to say, pay for placement.
23:13
Probably.
23:14
Definitely in movies and stuff.
23:15
Yeah.
23:16
For our Williams, right?
23:17
He was like creative director at Louis Vuitton.
23:19
Even that.
23:20
Like him becoming creative director at a fashion label
23:23
and he's a singer.
23:24
But like, I remember back in the days,
23:26
I've moved on from the succession, but watching Gossip Girl.
23:29
And they would have...
23:30
I think your Gossip Girl comes up as much as my South America trip.
23:32
Yeah.
23:33
It does.
23:34
It does.
23:35
That's valid.
23:36
Look, the good news here is that I've stopped watching it.
23:38
Oh, good.
23:39
But it does have like...
23:40
Do you remember vitamin water?
23:41
Those...
23:42
Oh, yeah.
23:43
It was up all the time.
23:44
And actually since, wasn't it?
23:45
I don't know.
23:46
I don't know.
23:47
Do you mean price wise?
23:48
No.
23:49
Oh, if you've seen under.
23:50
Yeah.
23:51
Oh, I don't know that.
23:52
Oh, yeah.
23:53
Jesus.
23:54
Well, sometimes I'm so culturally irrelevant.
23:55
Maybe as if I knew that it was 50 cents as well.
23:57
Yeah.
23:58
Look, she's always been worried.
23:59
Yeah.
24:00
But my point was, I remember seeing it, you know, the 17th time I watched it.
24:03
And I thought, that must be product placement.
24:05
Yeah, no, it's definitely a thing.
24:07
I think what happens is, there's the really cool people of the world
24:10
who genuinely put it in, because they want to.
24:12
Yeah.
24:13
And then there's the people that...
24:16
Well, I was going to say, because there'd be people that are paid to do it, right?
24:19
Yeah.
24:20
It's almost like, you know, influencing energy.
24:22
I'm like, thank you so much for my coffee.
24:24
And it's like, you paid for that.
24:25
Do you know what I mean?
24:26
Like, there's probably an element of that.
24:28
But within...
24:29
Well, it's trying to look like it's been paid.
24:30
Ever since Diet Pepsi.
24:31
I'm like, that is shortly paid.
24:34
And she's like signing around with this Pepsi.
24:38
You know, this is maybe the most genius thing you've ever seen.
24:40
Yeah.
24:41
You're right.
24:42
Diet Coke doesn't really have the same ring.
24:44
Diet Pepsi.
24:45
Oh my God.
24:46
Dude, would you...
24:47
I still wouldn't buy Diet Pepsi.
24:48
Anyway, finance news.
24:49
There has been research that's found a correlation between the number of times
24:53
a luxury brand has mentioned in songs.
24:55
And it's sales, which in turn is a sheer price.
24:59
And what have we seen lately?
25:01
We've seen very, very terrible performance in a lot of the luxury names.
25:05
And it has been radio silence with songs.
25:10
With luxury brands in them.
25:12
So we're seeing this play out.
25:15
So I guess there's probably luxury brands that are realising this
25:19
and approaching artists to say, like, put our...
25:23
Like bag, jewelry, sunglasses in your songs.
25:26
There's also, I think, a...
25:28
And maybe there's just something that I'm feeling.
25:30
But like, we've got high inflation, high cost of living,
25:33
like, fleshing-fleshingness.
25:34
I don't know if it's...
25:36
Maybe just become a bit grotesque, but, like,
25:39
people are just being a bit more conscious.
25:41
And there's a bit more of, like, quiet luxury going on rather than, like...
25:44
I'm so here for that though.
25:45
My Louis Vuitton, my brother, you know, I don't know.
25:47
It's just bad taste as well.
25:49
When there's people... It's almost... It feels hunger-gamesy, you know?
25:52
When you've got, like, so much shit going on in the world.
25:55
You've got wars.
25:56
You've got so much poverty.
25:57
You've got so much... Like, yeah, it just feels a bit off.
26:03
And also, another brand that has done fantastically well, actually,
26:08
is American Eagle.
26:10
So you remind me of American Eagle, is it?
26:13
It's like a gem?
26:14
Yes, it's like a damn brand.
26:15
And they had a...
26:16
This isn't immigrants.
26:17
No, no.
26:18
No.
26:19
Good America, that's right.
26:20
Yeah.
26:21
That's collocation and immigrant.
26:22
Yeah.
26:23
This is different.
26:24
This is American Eagle.
26:25
It's been doing pretty terribly.
26:27
Anyway, it...
26:28
Is it cool brands?
26:29
I'm sorry, is it cool product?
26:30
It kind of reminds me of American apparel.
26:33
Anyway, they try to make a comeback and...
26:36
This is Sydney Swainy.
26:37
Yeah.
26:38
Swainy?
26:39
Swainy.
26:40
They did a big campaign with Sydney Swainy.
26:42
And...
26:43
This was bad.
26:44
This was so bad.
26:45
She was like, I have good genes.
26:47
This is not me telling you.
26:49
It's by American Eagle Jean.
26:51
Sydney Swainy has very keen.
26:53
You see what I did there, right?
26:56
It was very white supremacy.
26:59
Yeah.
27:00
Anyway.
27:01
Can I just say for anyone that is interested in understanding why this is bad,
27:04
or like, understanding the cultural context here and why this is problematic,
27:09
I listen to a really good podcast on it.
27:11
It's Abby Chatfield's podcast about...
27:14
It's called It's A Lot.
27:15
If you just...
27:16
I can't remember what the title is called, but if you Google It's A Lot,
27:19
Abby Chatfield and then the Sydney Swainy thing.
27:21
It just, like, it broke down how to understand, like,
27:24
particularly if you're white.
27:26
You're not understanding why this is so bad.
27:28
I'm more concerned about the, like, I guess we buy companies,
27:32
we buy shares and companies because we think that their fundamentals are good,
27:35
that they're going to grow sales, grow profits, and do really well.
27:39
This...
27:40
The fact that this American Eagle's share price went up.
27:44
Like, I think it was like...
27:45
It went up...
27:46
It went up 20%.
27:47
And then when Trump tweeted about it, it went up another 20%.
27:51
Oh, God.
27:52
It went up another 20%.
27:53
People coming into this meme stock craze that we're talking about.
27:56
Like, companies, share prices are going up, not based on fundamentals.
28:00
There's no more people going into stores because of this ad or anything
28:04
that has literally impacted the sales or the performance of the business.
28:09
It is literally just people jumping on virality or these meme stocks.
28:14
And they're buying the noise, they're not buying the brand and the actual business.
28:20
And I mean...
28:21
When you even get me started on the...
28:23
What I can assume is people that are buying this year's American Eagle,
28:26
but that's a whole nother conversation.
28:28
But I think just the disconnect between...
28:30
Oh, Trump tweeted about it.
28:31
Oh, God.
28:32
I bought some shares.
28:33
Yeah.
28:34
Yeah.
28:35
But I just think the disconnect, like, all these meme stocks, right?
28:36
It's like, you're not buying shares because the company is doing well
28:39
and you think it's going to be bigger and better in the future.
28:42
You're buying shares because you're in houses buying shares
28:44
and this whole FOMO trade and this whole...
28:46
You know, like, and it's just really concerning the disconnect
28:50
that's not how we invest.
28:52
Also, I think what's happening here is because investing's been democratized,
28:57
people get excited, they think they know what they're doing
28:59
and they go and buy shit like this.
29:01
It's the difference between buying fast fashion, something that's going to be cool for two weeks
29:05
and then break and your butt's going to be hanging out.
29:08
Yeah.
29:09
Compared to getting good quality something that's going to last for a long period of time.
29:13
You know, like, the idea of investing is you invest in quality.
29:16
This is the opposite of that.
29:18
Yeah.
29:19
And it's like, this is like, you want to equip one.
29:21
Like, you want, when we invest, it's patience.
29:23
It's like, you have to have that long term mentality and with meme stocks,
29:28
it's like, I want to make a quick buck.
29:30
I want to invest, yeah, and it's just really scares me.
29:33
They don't loan the whole connotation with this campaign.
29:37
Honestly, I couldn't be further from this.
29:40
Like, as in, God, you can't even pay neither on that company.
29:44
Yeah.
29:45
And I don't understand, I mean, we're getting not financial now,
29:48
but how that campaign got through so many different people.
29:51
So this is, this is what the poll cost that I was suggesting is talking about
29:54
because it's the idea that representation is so important within a company
29:57
because there were a reason it got through so many people.
29:59
Yeah, it's because everyone would have been white privilege.
30:03
Yeah.
30:04
And so anyone younger who thought they needed to be like, hello, this is problematic.
30:09
There's not those people that need to be in the room to help make the decision
30:13
on whether or not it is or isn't okay.
30:15
Well, it's like the Victoria Secret argument years ago.
30:18
And it was men sitting in a boardroom dictating saying that that was the,
30:23
there was perfection in women, was Victoria Secret models.
30:26
And that's what every woman was wanting to strive to be.
30:28
And every man wanted to be with.
30:30
But it's like, no, no, that's your little microscopic view of what is beautiful.
30:37
Because you're all from a similar, yeah.
30:40
Yeah.
30:41
And it's seen in a Barbie movie where you go in and like she's like got the board room
30:45
and there's like 10 white, middle-aged men being like,
30:48
this is what Barbie should look like.
30:50
And it's like, of course, that's what you think is attractive.
30:53
But there's also like so many different versions of good genes,
30:57
like in relation to this brand.
31:00
And I thought, yeah, oh, it's so problematic.
31:02
We could talk about this for you there.
31:04
But the next meme stock, not as exciting,
31:07
it looks like it's going to be Greeks.
31:09
Sorry?
31:10
Greeks.
31:11
Greeks.
31:12
Greeks.
31:13
What is that?
31:14
Like Greeks.
31:15
No, Greeks.
31:16
The bakeries.
31:17
It's kind of like a, it's like a pret costor.
31:18
It's like on every street corner in London.
31:20
Yeah.
31:21
They're really, they're really struggling.
31:22
And short sellers.
31:23
So they remember these are the people that they think that the price,
31:27
the share price, they can go down.
31:28
So they want to get in and they make profits when the share price falls.
31:32
It's getting up and up and up and up.
31:34
And it's the highest level it's been since 2008.
31:36
So Greeks.
31:37
So Greeks.
31:38
Yeah.
31:39
Yeah.
31:40
Are we still Greeks?
31:41
I mean, no, you don't want to, you don't want a lot of short sellers owning your stock.
31:45
Well, you know, owning, because then they want your share price to do terribly.
31:49
Okay.
31:50
So yeah.
31:51
And lastly, I mean, we may as well talk about AI again.
31:54
Yeah.
31:55
Just, you know, beginning and into the podcast, really rounded out.
31:57
Perplexity, which is an AI startup has actually made a bid for Google Chrome,
32:02
which, yeah, I can see why you're puzzled.
32:05
Like it's not for sale.
32:07
It's part of Google like what?
32:09
But they are like circling, like sharks essentially.
32:13
So they've made a bid for $35 billion because they think that Google is going to have to be broken
32:18
up and sold and they want to be in the sidelines.
32:21
So is this like last year or not even last year?
32:24
I can't remember when it was.
32:25
It's the idea.
32:26
It's been going on forever.
32:27
Yeah.
32:28
It's just the idea there's too big.
32:29
Yeah, they're too big and they need to be broken up.
32:31
Well, it's not just their too big, like you can be big, right?
32:34
As long as you're fair.
32:35
And that's what the US, I think it's a federal quarter, whatever is saying is that Google
32:42
has got so big in search, but they're actually being anti-competitive in that they have
32:47
done like exclusive deals with wireless carriers, broadband networks, browser developers,
32:54
like even Apple, like having like exclusive offers being like you can't have other search engines in there.
32:58
Like all of that kind of stuff is anti-competitive, but yeah.
33:02
And so that's why it might need to be broken up.
33:05
And who's perplexity?
33:06
The one that's thinking of buying it?
33:07
Yeah, perplexity is just like a chat GBT, really.
33:09
Is it like an AI agent?
33:11
Can you buy perplexity?
33:13
No, it's not public.
33:15
Interesting.
33:16
Yeah, so.
33:17
How on earth do they have $35 billion as a private company?
33:20
Well, you would raise money, right?
33:22
You'd go to investors and be like, hey, this is going to be game-changing.
33:26
What happened to Google if Chrome got bought?
33:28
Well, you'd just get like that money, they'd just get a good value, get that money,
33:32
put it back to the business and invest in other things.
33:35
Or they'd sell part of it.
33:36
But like, it's not like, it's not damaging, it's just like you have to sell it.
33:40
It's been like a fourth seller of a handbag that you really like.
33:43
Terrible analogy, actually.
33:45
It's like being a fourth seller of your car, because you own too many cars.
33:48
I'm really struggling with that.
33:50
It's very hot in the studio.
33:52
Like, we're losing our minds a tiny bit.
33:54
But essentially, it's like selling one of your...
33:56
It's a fourth sale.
33:58
It doesn't look so.
33:59
It's not like, yeah.
34:00
But I guess my question is like, how would this impact?
34:03
Firstly, obviously, if perplexity were able to buy it, it would impact them in a really positive way.
34:08
But is that problematic for Google?
34:10
Or are they so big that something like this is like they're just lost to Tonal, and it's not a big deal?
34:15
I mean, it's not the best news, because there's obviously scale benefits, right?
34:18
Like, if you think of that, like, I'm really sorry for bringing up Tonal,
34:21
it's disgusting.
34:22
It's like HR accounting.
34:24
You can share all those functionalities, whereas sometimes in the standalone business.
34:28
It depends, right?
34:29
Because like, spin-offs, when you spin off a part of the division of a business,
34:33
can actually really thrive and do really well.
34:36
So why wouldn't Google do that within their own business, and have Chrome as its own business,
34:40
rather than having to sell it to someone?
34:42
I guess you was weighing up what prices you can get, the benefits internally, externally.
34:48
You've got shareholders, like, but if you did have, say, for simplistic sake,
34:52
you had a business that had like two divisions, and people bought shares in the whole company,
34:58
and you had to sell half, you could just, people would own shares in that business too.
35:03
It's not like all of a sudden, you now only own half a business, like that would just never happen.
35:08
You sell, you'd now own shares in this business, and this business, a business A and business B.
35:14
And that's what happens with spin-offs.
35:17
Why, and I don't mean this in a rude way, but what do you find interesting about this,
35:21
or like, what is the takeaway for this book?
35:24
So it's looking.
35:26
So it might actually happen?
35:27
Yeah.
35:28
Well, like the fact that they've made a bit, like Google didn't have any comments on it, naturally.
35:33
But like, it's the down to kind of the last wire in terms of decision making.
35:39
How long do you think told us it'd be?
35:41
I don't know, it's been dragged out for a long time, but also perplexity actually, but for TikTok.
35:46
And then I was like, what happened to TikTok?
35:48
Yeah, what did?
35:49
Yeah, TikTok.
35:50
So they've got until September the 17th.
35:52
TikTok.
35:53
Yeah.
35:54
That's really sad.
35:55
Yeah, to make a decision.
35:56
On what?
35:57
So they got pardoned and pardoned and pardoned.
35:58
So remember, it was like January the 18th, it was like when they were like, TikTok's going to shut down and shut down for like a couple of hours.
36:03
Stunny run was crying on TikTok that had made their livelihoods.
36:07
It would have been quite shit.
36:08
But like, imagine having everyone having to shut their storefront.
36:11
You know, and you built, you had customers and you had like, how long they were saying 24 hours later, it came back.
36:16
I know, yeah.
36:17
Like it didn't even have much, but it was a great PR site.
36:20
Yeah, it's so clever.
36:21
Great for Instagram.
36:23
Because everyone was like, okay, this is my LinkedIn Instagram, like follow me on Instagram.
36:27
Quite good for them.
36:28
Anyway, then President Trump pardoned it and extended it.
36:32
Like, it's just keeps getting extended.
36:34
I just think it'll get extended again.
36:36
Like, you don't want this going on when you're trying to do tariff negotiations with China.
36:40
Yeah, kind of like, let's just pick our battles here.
36:42
Do we really have two on TikTok?
36:44
Yeah.
36:45
I mean, anyway, lots going on in TikTok, Google, Apple, all of the tech companies.
36:49
Should we make it a bit thick?
36:50
Yeah.
36:51
We're in 20 pounds for TikTok.
36:52
I'm sure we use banks to lend us some money because we've got so much expertise in managing a global search engine.
36:57
Mm-hmm.
36:58
Just have the curve, can't.
37:00
Every search.
37:01
It's so weird.
37:02
It's so weird.
37:03
It's like the curve.
37:04
Yeah, you can't search anything anymore.
37:05
It's very strange.
37:06
The only result that comes up is the curve.
37:08
How weird.
37:09
Then we wouldn't be done for anti-competitive behavior at all.
37:11
Oh, there you go.
37:13
Yeah, big tech week.
37:14
Really big tech week.
37:15
Quite a heavy week.
37:16
And we're really hot and sweaty.
37:18
And you had your jazz story at the start though.
37:20
Yeah.
37:21
That was my favorite thing that's happened in the long term.
37:24
Also, I think we're bringing in sort of like a question time, aren't we?
37:29
So we're going to start doing, is she Emily?
37:31
Jump on the mic.
37:32
We're just getting a lot of comment.
37:34
We're getting a lot of questions, a lot of questions everywhere.
37:37
And we can't keep up.
37:38
Email, DM, a technique all over the show.
37:40
And I feel like we're being a bit shit on the replies.
37:43
And we thought let's just bring it all in one place.
37:46
So we were thinking at the end of every curve weekly, we do a little Q&A section.
37:50
So if you have any questions, any queries, any investing insights,
37:55
because that's another thing, so many people are like,
37:57
have you seen this?
37:58
Have you spotted this?
37:59
Super interesting.
38:00
Yeah, and I love that people do that.
38:01
They send it to us and they're like, can you please talk about this?
38:03
I'm like, last week, for example, we were talking about Vic mentioned,
38:08
all of the seas of data centers.
38:11
Exactly.
38:12
And then somebody commented saying, did you know that they're actually planning to put those in space?
38:16
So instead of taking over countries, you'd just have them in space instead.
38:18
I was like, that is insane.
38:20
So maybe it's not just questions.
38:22
If you also have comments or thoughts, that would be really cool.
38:25
Yeah.
38:26
You know, because I think everyone who, there's actually some very clever people
38:30
that listen to this podcast, that often send in things.
38:33
Like, can you talk about those?
38:34
I'd love to use say this.
38:35
So is it comment on today's podcast, wherever you're listening?
38:38
Yeah, comment on this podcast.
38:40
If you're listening on Spotify, there's a comment section down there.
38:43
If you're watching this on YouTube, comment on there.
38:45
And if you're listening on Apple podcasts, there's a link to go to YouTube
38:49
and you can leave your comment there.
38:50
Okay, put it there.
38:51
So basically, comment, bring your questions.
38:53
We will answer them in next week's episode.
38:55
Can we get some curve cards, like caller daddy,
38:58
that have the curve on the front to read these questions out?
39:01
Yes.
39:02
That would be quite fun.
39:03
Okay.
39:04
Well, great.
39:05
If I may say so myself.
39:07
Yeah.
39:08
Thanks, Vic.
39:09
Bye.
39:10
Thank you so much for listening to The Curve Weekly.
39:11
Make sure you hit the subscribe button to stay up to date with all the many business stock market news.
39:16
And if you like what you heard, we would love a review.
39:19
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39:20
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39:22
No, but in all seriousness, could you please leave a review?
39:24
Because it really helps other people find our cute little podcast.
39:27
And we hope you have a good week and see you next Monday.
39:30
Bye.
39:31
Bye.
39:32
Sweet.
39:33
Yeah.
39:34
See you next Tuesday.
39:35
Wow.
39:36
See you next Tuesday.
39:38
I mean, Monday.
39:39
No, actually though, new episodes out every Tuesday.
39:43
Okay, quickly, the curve was created.
39:45
To empower and educate you about investing, but we are not financial advisors.
39:54
Our platform exists for educational purposes only and it doesn't provide personalized investing advice for your individual needs.
40:00
And should not be relied upon to make an investment or financial decision.
40:03
And always remember to do your own research before making any investment or financial decision.
40:08
We're here for any knowledge and support you need, but the final call is always yours.
40:12
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40:14
You got this.
40:15
Yeah, we know you got this.