WEBVTT 1 00:00:00.408 --> 00:00:04.551 You're listening to Strictly Business Podcast with Lindsay Williams. 2 00:00:05.171 --> 00:00:08.533 JSC has closed its doors for another day, so it's time for the 5 o'clock shadow. 3 00:00:08.593 --> 00:00:14.996 And as always on a Thursday, I speak to the double-headed dream team of David 4 00:00:14.996 --> 00:00:16.996 Shapiro from Sasser Insecurity, 5 00:00:16.996 --> 00:00:20.720 sometimes in Johannesburg, and Viv Govender from Ransuisse, mostly in 6 00:00:20.720 --> 00:00:22.720 Johannesburg. 7 00:00:22.720 --> 00:00:25.562 And Viv, I'm going to start with you because I was talking to somebody 8 00:00:25.562 --> 00:00:27.562 yesterday about a word 9 00:00:27.562 --> 00:00:27.944 that I haven't used for a long time called stagflation. 10 00:00:28.224 --> 00:00:35.029 And there's a tiny sort of microcosm of a hint of it today with inflation in the 11 00:00:35.029 --> 00:00:37.029 United States going up 12 00:00:37.029 --> 00:00:37.830 a little bit more than analysts projected, i.e. 13 00:00:37.830 --> 00:00:40.352 3.3% for CPI year on year. 14 00:00:40.813 --> 00:00:45.456 And also some employment data, which wasn't quite as good as expected. 15 00:00:45.836 --> 00:00:50.119 No chance of stagflation, of course, but it sort of made the market think a bit. 16 00:00:50.299 --> 00:00:51.180 What do you think, Viv? 17 00:00:52.661 --> 00:00:53.561 Yeah, I mean, most definitely. 18 00:00:53.561 --> 00:00:57.744 I mean, we saw jobless claims go to about 258. 19 00:00:57.884 --> 00:01:04.829 thousand that's the people that are claiming jobs you know jobless benefits 20 00:01:04.829 --> 00:01:06.829 and I think that is obviously you know partly due to things 21 00:01:06.829 --> 00:01:11.493 like you know hurricanes and stuff not the current one but in the previous one also 22 00:01:11.493 --> 00:01:13.493 was no quite important that there was a Boeing strike 23 00:01:13.493 --> 00:01:18.778 was also affecting things so this was about basically 30,000 more than the 24 00:01:18.778 --> 00:01:20.778 market minutes debating and in the CPI number like you said he 25 00:01:20.778 --> 00:01:25.743 came in at 2.4 versus 2.3 expected but this little down from 2.5 you know I mean 26 00:01:25.743 --> 00:01:27.743 so it's falling but not falling as fast as the 27 00:01:27.743 --> 00:01:31.727 market would like So I do think it's a case of, you know, the good news is not 28 00:01:31.727 --> 00:01:33.727 quite as good as the market would like, 29 00:01:33.727 --> 00:01:35.727 but it's not terribly bad as well. 30 00:01:35.727 --> 00:01:36.850 Once the hurricanes are over, I think we'll have an extract is over. 31 00:01:36.850 --> 00:01:39.211 We probably will have, you know, jobless things, a little more normality. 32 00:01:39.651 --> 00:01:45.955 And a point one miss on inflation is not a huge deal, especially when you consider 33 00:01:45.955 --> 00:01:47.955 just how these things are often surveys of things and so on. 34 00:01:47.955 --> 00:01:50.697 Yes, well, David Shapiro is there and he's assessing the mood of inflation. 35 00:01:50.697 --> 00:01:55.540 He goes to, I think Vivi goes to Whole Foods every single day and gets himself a. 36 00:01:55.780 --> 00:02:01.885 a lunchtime salad having gone through his run in Central Park and getting a bagel 37 00:02:01.885 --> 00:02:03.885 and an orange juice and David sorry I'm talking 38 00:02:03.885 --> 00:02:05.228 behind your back here what is what is 39 00:02:05.248 --> 00:02:12.234 the mood there what let's talk about floods and inflation first of all and the 40 00:02:12.234 --> 00:02:14.234 general mood in where 41 00:02:14.234 --> 00:02:16.234 are you today Boston or New York? 42 00:02:16.234 --> 00:02:21.202 Boston now I've been in Boston for the last week and uh it's quite intriguing to 43 00:02:21.202 --> 00:02:23.202 because we 44 00:02:23.202 --> 00:02:23.984 celebrated the Jewish New Year yes so there were you 45 00:02:24.024 --> 00:02:29.088 Two big dinners that I attended with a lot of expats who are doing very well here. 46 00:02:29.328 --> 00:02:30.629 In fact, I must comment on that. 47 00:02:31.090 --> 00:02:34.613 But, you know, the dinner time table, I mean, 48 00:02:34.953 --> 00:02:38.115 the talk turns to politics and that becomes heated. 49 00:02:38.556 --> 00:02:44.481 You know, that really becomes heated, whether you're pro-Karmala or you're 50 00:02:44.481 --> 00:02:46.481 pro-Trump. 51 00:02:46.481 --> 00:02:46.642 And believe me, there still are Trump supporters. 52 00:02:46.903 --> 00:02:49.705 Before we get on to that, I just want to contextualize this. 53 00:02:49.985 --> 00:02:53.388 Was it because of the attitudes of the two candidates towards... 54 00:02:53.748 --> 00:02:57.209 the Jewish people or Israel or was it just generally? 55 00:02:58.010 --> 00:03:04.793 I think generally and also a big sway towards Israel. There is that attitude. 56 00:03:04.833 --> 00:03:08.274 But, I mean, it depends where you are. 57 00:03:08.374 --> 00:03:12.076 In fact, I've gone to two different lectures. 58 00:03:12.816 --> 00:03:15.557 And what intrigued me, and especially in Boston, 59 00:03:15.597 --> 00:03:20.599 you have no idea the size of the community here and the wealth of the community here. 60 00:03:20.599 --> 00:03:21.980 I'm talking the Jewish community. 61 00:03:22.520 --> 00:03:23.220 Yes. 62 00:03:23.220 --> 00:03:26.902 An enormously powerful voice, you know, certainly here. 63 00:03:27.883 --> 00:03:32.385 I was taken aback by the size, you know, both in New York and here. 64 00:03:32.465 --> 00:03:38.927 You know, we're a very small community in South Africa, but their ability to raise 65 00:03:38.927 --> 00:03:40.927 money and to raise their voices, 66 00:03:40.927 --> 00:03:45.910 and they don't hide their faces, you know, they don't hide behind masks, and they're 67 00:03:45.910 --> 00:03:47.910 openly supportive. 68 00:03:47.910 --> 00:03:49.312 So it's, I'm not taking, you know, I don't want to. 69 00:03:49.332 --> 00:03:54.775 be drawn into the discussion, but I'm saying it is a very much, you know, 70 00:03:54.855 --> 00:03:57.056 it does sway their politics in a big way. 71 00:03:58.416 --> 00:04:02.718 So you get the two, you know, you get, I'm on the side of, I can't stand Trump. 72 00:04:03.058 --> 00:04:05.259 I mean, I cannot tolerate the man. 73 00:04:05.760 --> 00:04:06.560 We'll talk about that. 74 00:04:06.800 --> 00:04:07.500 Yeah. 75 00:04:07.500 --> 00:04:07.861 Yeah, we are. 76 00:04:07.921 --> 00:04:14.464 He was wearing a yarmulke at an October the 7th memorial service or something. 77 00:04:14.484 --> 00:04:15.184 And I thought. 78 00:04:15.344 --> 00:04:16.545 You're such a hypocrite. 79 00:04:16.585 --> 00:04:18.987 But anyway, we'll talk about Trump later on. 80 00:04:19.007 --> 00:04:19.707 Please go on. 81 00:04:20.828 --> 00:04:26.312 So, you know, from that point of view, there's two different camps. 82 00:04:26.732 --> 00:04:30.575 You know, those who detest Trump, regardless of Israel or not. 83 00:04:31.055 --> 00:04:34.537 They just cannot think of having him as a president. 84 00:04:34.557 --> 00:04:38.300 But there are others that are very supportive and believe that he's the right 85 00:04:38.300 --> 00:04:38.520 man. 86 00:04:38.600 --> 00:04:40.061 They don't like Kamala. 87 00:04:40.201 --> 00:04:41.202 That's where I'm getting to. 88 00:04:41.710 --> 00:04:44.131 It's outside of the Israeli question. 89 00:04:44.171 --> 00:04:49.872 And I think more important, they just find her very, not spineless, 90 00:04:49.952 --> 00:04:52.053 but she hasn't really got the charisma. 91 00:04:52.393 --> 00:04:59.315 Even if you looked at a Michelle Obama, even looked at a Hillary Clinton, and I'm 92 00:04:59.315 --> 00:05:01.315 talking about a possible woman president. 93 00:05:01.315 --> 00:05:01.736 I don't think she's anywhere in their class. 94 00:05:01.776 --> 00:05:02.936 She doesn't come up to it. 95 00:05:03.356 --> 00:05:04.316 She's very sweet. 96 00:05:04.376 --> 00:05:05.137 She's pleasant. 97 00:05:05.217 --> 00:05:06.297 She's intelligent. 98 00:05:06.837 --> 00:05:09.738 But she's not a powerful politician. 99 00:05:10.058 --> 00:05:16.441 You know, I can't see her sitting around the group of 20 or dominating the group of 100 00:05:16.441 --> 00:05:18.441 seven discussions and that. 101 00:05:18.441 --> 00:05:20.441 I don't think she's that strong. 102 00:05:20.441 --> 00:05:22.043 So I think that's where a lot of people are kind of anti-Karmala. 103 00:05:22.343 --> 00:05:26.765 They might be anti-Trump as well, but they're also anti-Karmala from that point 104 00:05:26.765 --> 00:05:26.925 of view. 105 00:05:26.925 --> 00:05:31.287 You know, they don't find her strong enough, powerful or intelligent enough. 106 00:05:32.268 --> 00:05:34.229 OK, we'll talk about politics later. 107 00:05:34.469 --> 00:05:36.810 But before we go back to Viv, David. 108 00:05:37.010 --> 00:05:43.994 the mood of people and the because trump keeps on going on about and again i said i 109 00:05:43.994 --> 00:05:45.994 wouldn't mention politics until later but he 110 00:05:45.994 --> 00:05:50.777 keeps on going on about inflation they all do but inflation's down i mean it's not 111 00:05:50.777 --> 00:05:52.777 it's down from where it is i mean you go to 112 00:05:52.777 --> 00:05:53.059 whole foods as you do and 113 00:05:53.619 --> 00:06:00.223 it's okay it's it's up but inflation is always up there's no way that you're ever 114 00:06:00.223 --> 00:06:02.223 going to get minus two percent like you do in china 115 00:06:02.223 --> 00:06:07.006 it's always up but why do they keep on harping on about this because it's old 116 00:06:07.006 --> 00:06:09.006 news it's not a story anymore No, 117 00:06:09.006 --> 00:06:11.006 it's not a story. 118 00:06:11.006 --> 00:06:13.006 I don't think it's a story in any way at all. 119 00:06:13.006 --> 00:06:14.368 And again, I've come up, been here for almost three weeks now. 120 00:06:14.828 --> 00:06:17.309 I've never heard people complaining about prices. 121 00:06:18.349 --> 00:06:23.051 Yes, prices go up, but I think that's, you know, that also depends on the weather. 122 00:06:23.071 --> 00:06:25.431 It depends on a whole lot of other factors here. 123 00:06:26.011 --> 00:06:30.553 But it's, Lindsay, you know, I can't explain. 124 00:06:30.593 --> 00:06:35.094 When you go to New York and you see the throng of people, you know, and you see. 125 00:06:35.654 --> 00:06:39.476 The shops just absolutely overflowing, you know, packed with people. 126 00:06:39.836 --> 00:06:44.259 Restaurants is always, you know, there's never, there's no emptiness there. 127 00:06:44.339 --> 00:06:49.342 So I know it's, I think I discussed this with you as well, I think last week as 128 00:06:49.342 --> 00:06:49.762 well. 129 00:06:49.762 --> 00:06:50.362 You know, 130 00:06:50.362 --> 00:06:56.987 New York is actually indicative of the demographics of what America is 131 00:06:57.007 --> 00:06:57.707 becoming. 132 00:06:58.167 --> 00:07:02.610 Yes, and just to let Viv in on this one, I said to David Viv, 133 00:07:03.290 --> 00:07:06.791 I keep on going on about New York and Boston where David visits regularly, 134 00:07:07.711 --> 00:07:10.872 are not representative of the United States of America. 135 00:07:11.172 --> 00:07:13.693 But in fact, if you go to New York and you walk down the street, 136 00:07:14.313 --> 00:07:19.835 and after 10 minutes you've seen 10 different nationalities and creeds of 137 00:07:19.835 --> 00:07:19.935 people. 138 00:07:20.695 --> 00:07:25.897 So in fact, when you go to New York, despite the fact it's a wealthy city and 139 00:07:25.897 --> 00:07:27.897 is very cosmopolitan, 140 00:07:27.897 --> 00:07:29.378 it sort of encapsulates what America is all about. 141 00:07:29.418 --> 00:07:30.758 In other words, immigration. 142 00:07:31.098 --> 00:07:37.923 and integration just briefly would you agree with that it's maybe what america is 143 00:07:37.923 --> 00:07:39.923 all about but it was it's not what the election is all about because the 144 00:07:39.923 --> 00:07:44.908 election is going to be held in states that haven't looked nothing like new york 145 00:07:44.908 --> 00:07:46.908 see that's the thing like new york and california and you know they 146 00:07:46.908 --> 00:07:51.312 may be the bigger part of the economy they may have more people uh you know they may 147 00:07:51.312 --> 00:07:53.312 do many things but they're not going to be reflective of 148 00:07:53.312 --> 00:07:56.976 pennsylvania wisconsin you know michigan you think of these places if you travel 149 00:07:56.976 --> 00:07:58.976 you know those places they're 150 00:07:58.976 --> 00:08:02.960 not exactly new york city you know what i mean They are more like the, they're 151 00:08:02.960 --> 00:08:04.960 called rust belt, sun belt kind of places. 152 00:08:04.960 --> 00:08:06.960 They are more rural. 153 00:08:06.960 --> 00:08:08.960 They're more, you know, industrial. 154 00:08:08.960 --> 00:08:10.960 They're poorer also. 155 00:08:10.960 --> 00:08:13.246 And the thing with inflation, like you mentioned, is the number for inflation is 156 00:08:13.246 --> 00:08:15.246 the increase has stopped. 157 00:08:15.246 --> 00:08:17.246 But it takes a while to notice a stop. 158 00:08:17.246 --> 00:08:19.246 You know what I mean? 159 00:08:19.246 --> 00:08:20.529 So let's just say the price of milk goes up, you know, 10 times and then stops for 160 00:08:20.529 --> 00:08:22.529 two, three months. 161 00:08:22.529 --> 00:08:23.431 You don't feel like you basically stopped inflation for two, three months. 162 00:08:23.691 --> 00:08:25.772 You still remember the price has gone up, you know, 10 times. 163 00:08:26.433 --> 00:08:27.553 And that's the thing with inflation. 164 00:08:27.553 --> 00:08:28.834 It takes a long time to feel. 165 00:08:29.302 --> 00:08:30.123 inflation stopping. 166 00:08:30.603 --> 00:08:32.525 It's very easy to feel inflation increasing. 167 00:08:32.925 --> 00:08:35.287 And that is the thing is why it's a story there. 168 00:08:35.667 --> 00:08:39.130 But the one thing I want to mention about the election is interesting out there. 169 00:08:39.130 --> 00:08:40.531 I don't know if you guys follow polymarkets. 170 00:08:41.552 --> 00:08:42.252 No, I don't. 171 00:08:43.694 --> 00:08:45.715 Polymarkets is this election. 172 00:08:46.056 --> 00:08:48.878 So it's a prediction market, right? 173 00:08:48.878 --> 00:08:49.578 Okay. 174 00:08:49.578 --> 00:08:55.944 And it's like on the US election, there's billions, literally billions of dollars on 175 00:08:55.944 --> 00:08:57.944 the line at the moment, betting on the election. 176 00:08:57.944 --> 00:08:58.646 And for some reason, something happened in the last week. 177 00:08:59.582 --> 00:09:04.787 You know, it went from basically, I think about 178 00:09:05.407 --> 00:09:09.010 50 something percent to Harris to 40 something percent to Trump. 179 00:09:09.570 --> 00:09:11.332 It just reversed in the last week. 180 00:09:11.752 --> 00:09:14.214 It's been a pretty substantial change around. 181 00:09:14.654 --> 00:09:18.678 And people are saying, I don't know if you follow Mark Halperin, 182 00:09:19.658 --> 00:09:23.021 he's the guy that predicted Biden was going to drop out like three days before 183 00:09:23.021 --> 00:09:23.041 Biden did. 184 00:09:23.662 --> 00:09:24.362 Right. 185 00:09:24.878 --> 00:09:29.303 And he's saying that there's internal pollings, and there's an article in the 186 00:09:29.303 --> 00:09:31.303 Wall Street Journal about this as well, 187 00:09:31.303 --> 00:09:34.388 in which a senator, I can't remember the state she's from, she's a Democratic 188 00:09:34.388 --> 00:09:36.388 senator, 189 00:09:36.388 --> 00:09:39.753 and she's saying that her private polling, that's the polling that her organization 190 00:09:39.753 --> 00:09:41.753 is doing, 191 00:09:41.753 --> 00:09:45.760 is showing heresy significantly worse than the public polling in the places like the 192 00:09:45.760 --> 00:09:47.760 New York Times and so on, she's publishing. 193 00:09:47.760 --> 00:09:48.162 So I think there's a danger right now that... 194 00:09:49.411 --> 00:09:54.412 Harris is letting these key states, Pennsylvania, Wisconsin, and so on, 195 00:09:54.773 --> 00:09:58.874 slip away because these are the places that are going to determine things. 196 00:09:58.874 --> 00:10:04.235 It doesn't really matter what despite Trump, I think, renting out Madison Square 197 00:10:04.235 --> 00:10:06.235 Garden to try and get New York. 198 00:10:06.235 --> 00:10:08.235 He's never going to get New York. 199 00:10:08.235 --> 00:10:10.235 He's never going to get California. 200 00:10:10.235 --> 00:10:10.277 And despite Schumer saying that he's going to go to Texas, they're never going to get 201 00:10:10.277 --> 00:10:10.497 Texas. 202 00:10:10.897 --> 00:10:13.298 But Pennsylvania, Wisconsin, those are the places that count. 203 00:10:13.698 --> 00:10:17.659 And internal polling right now is saying there's a shift towards Trump that has 204 00:10:17.659 --> 00:10:19.659 happened. 205 00:10:19.659 --> 00:10:24.624 two weeks and you've seen that happen only markets do the political uh which was the 206 00:10:24.624 --> 00:10:26.624 uh like i said you look at 207 00:10:26.624 --> 00:10:32.269 um holy markets until about a week ago harris was ahead and i'd been ahead for a 208 00:10:32.269 --> 00:10:34.269 few weeks and then suddenly out of nowhere trump goes up to 54 she's 209 00:10:34.269 --> 00:10:36.269 done at 45. 210 00:10:36.269 --> 00:10:40.034 is it because of his uh sort of emotional and oh goodness me i've been shot i'd shot 211 00:10:40.034 --> 00:10:42.034 at twice is it because of that viv do 212 00:10:42.034 --> 00:10:46.559 you think or david do you know i think what happened is that she's lost any 213 00:10:46.559 --> 00:10:46.678 events 214 00:10:47.095 --> 00:10:52.921 All the events that happened so far, except for the assassination that happened 215 00:10:52.921 --> 00:10:54.921 before she became the nominee, were positive for her. 216 00:10:54.921 --> 00:10:56.921 So the debate worked in her favor. 217 00:10:56.921 --> 00:10:59.307 The Democratic conference worked in her favor. 218 00:11:00.188 --> 00:11:03.972 Replacing Biden, you get the euphoria of Biden going away, worked in her favor, 219 00:11:03.972 --> 00:11:04.052 right? 220 00:11:04.653 --> 00:11:10.339 But without any kind of event happening, she doesn't do media, right? 221 00:11:10.679 --> 00:11:17.142 uh the media that she does do i don't know if you've seen the 60 minutes interview 222 00:11:17.142 --> 00:11:19.142 that which was poor yeah she was poor very 223 00:11:19.142 --> 00:11:24.205 poor very poor and then you watch trump this is an interesting thing as well you 224 00:11:24.205 --> 00:11:26.205 may not realize this but about 10 million more women voted men 225 00:11:26.205 --> 00:11:29.587 in the us if the same amount of men voted as women trump would win in the landslide 226 00:11:29.587 --> 00:11:31.587 if 227 00:11:31.587 --> 00:11:36.530 you notice what trump has to do recently he's been going on this podcast but this 228 00:11:36.530 --> 00:11:38.530 very male podcast he went to the podcast called call me daddy right which is a 229 00:11:38.530 --> 00:11:40.530 which 230 00:11:40.530 --> 00:11:42.711 is a big female podcast but he's gone on things like andrew schultz he's got with 231 00:11:42.711 --> 00:11:44.711 the award he's done all these these male 232 00:11:44.711 --> 00:11:49.597 centric podcasts and he goes in there and he's just like you listen to him speak 233 00:11:49.597 --> 00:11:51.597 he's very charming like there's a thing called the flavor one 234 00:11:51.597 --> 00:11:52.860 it's very very charming it's not the the demagogue 235 00:11:53.080 --> 00:11:59.907 even these guys who are more democratic on the podcast laughing he's trying to get 236 00:11:59.907 --> 00:12:01.907 the male vote coming in and that's that's i think 237 00:12:01.907 --> 00:12:05.667 also what's affecting things here because if you get the male vote coming in oh and 238 00:12:05.667 --> 00:12:07.667 finally one last thing I don't know if you saw as well, 239 00:12:07.667 --> 00:12:11.910 Elon Musk is paying $40 something dollars for every person that's selling some 240 00:12:11.910 --> 00:12:12.050 petition. 241 00:12:12.890 --> 00:12:16.032 And you may think, okay, that's stupid because you could just fake selling the 242 00:12:16.032 --> 00:12:16.252 petition. 243 00:12:16.752 --> 00:12:23.575 But what it's actually doing is it's incentivizing people to go out and talk to 244 00:12:23.575 --> 00:12:25.575 people about Trump in the specific 245 00:12:25.575 --> 00:12:27.575 areas. 246 00:12:27.575 --> 00:12:31.118 And it's one of the most effective things you can do because effectively that knock 247 00:12:31.118 --> 00:12:33.118 on the door is something that, you know, is very persuasive. 248 00:12:33.118 --> 00:12:35.118 So all these things are working. 249 00:12:35.118 --> 00:12:37.118 really behind the scenes. 250 00:12:37.118 --> 00:12:39.118 But one final thing, if I go. 251 00:12:39.118 --> 00:12:41.118 There's a great, funny interview. 252 00:12:41.118 --> 00:12:42.205 I don't know if you've seen it, with Elon Musk and Tucker Carlson. 253 00:12:42.426 --> 00:12:45.548 Tucker Carlson, yeah, who used to be Fox News, but was sacked from there. 254 00:12:45.928 --> 00:12:48.710 And it was the most absurd thing I've ever seen in my life. 255 00:12:48.950 --> 00:12:51.532 He said, if Harris wins, I'm going to be effed. 256 00:12:52.012 --> 00:12:53.813 And he'll probably go to jail or something. 257 00:12:53.813 --> 00:12:55.675 And he laughed and laughed and laughed and laughed. 258 00:12:56.055 --> 00:12:58.837 And I watched CNN after that. 259 00:12:59.197 --> 00:13:05.985 And the presenter, a woman called Abby Phillip, We watched it and her face went 260 00:13:05.985 --> 00:13:07.985 deadpan, a black woman, 261 00:13:07.985 --> 00:13:13.007 and she went ashen white and she said, yeah, that's really hilarious because he 262 00:13:13.007 --> 00:13:15.007 was talking about the assassination of Harris 263 00:13:15.007 --> 00:13:15.588 and why it wouldn't be worth it because she's a non-entity. 264 00:13:16.269 --> 00:13:19.490 And I just thought, and did you see, sorry to digress here, 265 00:13:19.930 --> 00:13:23.512 did you see Musk jumping up and down like an idiot on the stage? 266 00:13:24.012 --> 00:13:26.733 David, you come in on this one because that offended me deeply. 267 00:13:26.813 --> 00:13:31.455 But, you know, what Viv says is that. 268 00:13:32.119 --> 00:13:36.801 The thing is that Trump has got a lot more charisma when he gets in front of a crowd. 269 00:13:37.421 --> 00:13:38.982 He knows how to stir them up. 270 00:13:39.522 --> 00:13:46.385 He knows, and correctly on the podcast, that's why I'm saying, you know, when I 271 00:13:46.385 --> 00:13:48.385 said that she hasn't got the personality, 272 00:13:48.385 --> 00:13:50.166 the power to be, she doesn't appear presidential. 273 00:13:50.667 --> 00:13:52.928 She appears to be a very nice, sweet lady, 274 00:13:53.448 --> 00:13:59.870 but she's not a powerful character that can hold her own against a Putin or 275 00:13:59.870 --> 00:13:59.890 against 276 00:14:00.551 --> 00:14:04.352 any of the… any of the leaders, you know, is the, 277 00:14:04.833 --> 00:14:07.594 and I think this is where you're very worried. 278 00:14:07.634 --> 00:14:10.875 Now we've got how many more weeks to go for 26 days. 279 00:14:10.995 --> 00:14:11.695 Yeah. 280 00:14:11.695 --> 00:14:12.296 Yeah. 281 00:14:12.296 --> 00:14:12.776 Yeah. 282 00:14:12.776 --> 00:14:15.237 And, and he's on the, he's on the move. 283 00:14:15.237 --> 00:14:20.120 You know, he's going, you heard Viv said, he's going to medicine square garden, you 284 00:14:20.120 --> 00:14:20.539 know, 285 00:14:20.539 --> 00:14:23.801 and he just says that New York has been overrun by migrants. 286 00:14:24.101 --> 00:14:26.182 You know, in other words, we've got to take it back. 287 00:14:26.382 --> 00:14:27.523 He knows he's going to lose it. 288 00:14:28.035 --> 00:14:32.278 But, you know, he goes there with a message of anti-migrant, you know, 289 00:14:32.278 --> 00:14:32.477 migrant. 290 00:14:32.518 --> 00:14:37.521 And believe me, as I've said to you before, Lindsay, this country would fall 291 00:14:37.521 --> 00:14:39.521 apart without the migrants. 292 00:14:39.521 --> 00:14:39.662 And it's just built on migrants. 293 00:14:40.162 --> 00:14:41.343 It just would not function. 294 00:14:42.023 --> 00:14:43.704 But it's an emotive issue. 295 00:14:44.345 --> 00:14:47.887 And, you know, I'm sorry to say you feel the momentum. 296 00:14:48.543 --> 00:14:55.408 shifting towards definitely but it can shift again it shifted toward harris have 297 00:14:55.408 --> 00:14:57.408 a look at him he now has his hair 298 00:14:57.408 --> 00:14:59.408 coiffed nicely not in 299 00:14:59.408 --> 00:15:04.534 1970s style slightly more up to date you know it's been cut a bit and it doesn't go 300 00:15:04.534 --> 00:15:06.534 wild and blow in the wind and everything 301 00:15:06.534 --> 00:15:12.259 so he's on that charm offensive at the moment and i'm i'm afraid that this is 302 00:15:12.259 --> 00:15:14.259 going to be very very close well i 303 00:15:14.259 --> 00:15:17.363 think it's going to be less close than we think but on the other hand after harris 304 00:15:17.363 --> 00:15:19.363 and he debated 305 00:15:19.363 --> 00:15:22.186 Harris went up a couple of points, but now she's gone down a couple of points because 306 00:15:22.186 --> 00:15:24.186 of all the things. 307 00:15:24.186 --> 00:15:25.107 But don't forget, Obama is coming in now. 308 00:15:25.467 --> 00:15:32.371 Barack Obama is coming in and he will be by her side in every single event that she 309 00:15:32.371 --> 00:15:34.371 is hosting from now 310 00:15:34.371 --> 00:15:36.371 on. 311 00:15:36.371 --> 00:15:38.371 And that's a really, really big factor because he is eloquent. 312 00:15:38.371 --> 00:15:39.615 He has all the eloquence and charm and presence that she doesn't have. 313 00:15:39.675 --> 00:15:41.396 So I look forward to that. 314 00:15:41.656 --> 00:15:46.419 But I have to tell you, gentlemen, that I watched on X a live stream of his. 315 00:15:46.855 --> 00:15:48.656 event in Pennsylvania last night. 316 00:15:49.517 --> 00:15:50.698 He was outrageous. 317 00:15:51.058 --> 00:15:52.059 Do you know what he said? 318 00:15:52.299 --> 00:15:55.541 He said, she is spending 94 billion. 319 00:15:55.561 --> 00:15:57.442 Then he said, no, not 94 billion. 320 00:15:57.923 --> 00:16:02.966 She is planning to spend 94 trillion on cleaning up the air of America. 321 00:16:03.306 --> 00:16:08.350 And he said, that'll be good for the Chinese when they take over so they can 322 00:16:08.350 --> 00:16:10.350 breathe clean air. 323 00:16:10.350 --> 00:16:10.631 And I sort of did a second take. 324 00:16:11.172 --> 00:16:13.413 And I played, he was outrageous last night. 325 00:16:13.413 --> 00:16:15.615 I mean, kept on talking about the Congo. 326 00:16:16.071 --> 00:16:17.372 Which doesn't exist, of course. 327 00:16:17.412 --> 00:16:18.913 It's two different countries. 328 00:16:19.153 --> 00:16:22.696 But anyway, Kipton's talking about the Congo, and they're letting people in from 329 00:16:22.696 --> 00:16:22.775 the Congo. 330 00:16:23.496 --> 00:16:24.437 And I've said this before. 331 00:16:24.517 --> 00:16:29.380 How do you get from the Congo to America if you've just been let out of prison? 332 00:16:30.621 --> 00:16:31.682 You're not going to get a visa. 333 00:16:31.762 --> 00:16:33.443 What are you talking about, you idiot? 334 00:16:34.284 --> 00:16:36.825 Viv, do you watch these Trump things like David and I do? 335 00:16:37.886 --> 00:16:38.586 Not all. 336 00:16:38.586 --> 00:16:42.589 I watch all the interviews he does, and I think that is the thing here. 337 00:16:42.629 --> 00:16:44.310 Like David says, it comes across charming. 338 00:16:44.310 --> 00:16:45.010 If you watch the... 339 00:16:45.579 --> 00:16:46.900 Like I said, you watch the Andrew Schultz thing. 340 00:16:47.320 --> 00:16:50.543 Andrew Schultz is like a middle kind of the road kind of comedian. 341 00:16:50.623 --> 00:16:53.145 He is quite a big podcaster. 342 00:16:53.465 --> 00:16:55.467 He does a show, somebody called Charlemagne. 343 00:16:55.467 --> 00:16:59.229 And Charlemagne is, if you know like American black culture, 344 00:16:59.650 --> 00:17:02.952 he does the biggest podcast or biggest radio show among black people. 345 00:17:03.332 --> 00:17:04.593 It's called The Breakfast Club. 346 00:17:06.215 --> 00:17:08.536 And so he's like a really big shot. 347 00:17:08.576 --> 00:17:10.658 So this is like his co-host in some of his podcasts. 348 00:17:10.978 --> 00:17:11.939 And he does a show with him. 349 00:17:12.483 --> 00:17:16.447 And he comes across really like funny, he makes jokes about himself and that kind of 350 00:17:16.447 --> 00:17:16.987 thing. 351 00:17:16.987 --> 00:17:17.628 He comes across as charming. 352 00:17:17.628 --> 00:17:23.233 And the thing about this year is that, unfortunately, the thing comes down to at 353 00:17:23.233 --> 00:17:23.572 the moment, 354 00:17:23.572 --> 00:17:26.035 not about what you're going to do or what your policies are. 355 00:17:26.416 --> 00:17:28.618 It really is about a popularity contest. 356 00:17:29.238 --> 00:17:29.938 You know what I mean? 357 00:17:30.419 --> 00:17:34.503 And unfortunately, that's what politics is at the moment, a popularity contest. 358 00:17:34.563 --> 00:17:38.246 And I think Harris tried to do something. 359 00:17:39.559 --> 00:17:42.441 And Fox News offered him a debate at the end of the month. 360 00:17:43.341 --> 00:17:46.583 He's probably going to say no to that, even though it's Fox News, which should be 361 00:17:46.583 --> 00:17:46.623 on his side. 362 00:17:48.084 --> 00:17:51.526 Because he sees basically, why do I bother if I'm going to win? 363 00:17:51.626 --> 00:17:54.227 Why do I put an obstacle that might not win? 364 00:17:55.168 --> 00:17:56.168 And so, yeah, 365 00:17:56.929 --> 00:18:02.172 it's a very it looks like very strongly like he's got a chance. 366 00:18:02.672 --> 00:18:03.873 And here's the weirder thing. 367 00:18:05.934 --> 00:18:08.115 If we assume that the polls 368 00:18:08.511 --> 00:18:14.957 are the same as they were in 2020 and 2016 in terms of how uh undone as they are 369 00:18:14.957 --> 00:18:15.016 against trump 370 00:18:15.417 --> 00:18:22.183 in terms of the the voting he's not just gonna win he's gonna win a landslide we 371 00:18:22.183 --> 00:18:24.183 say the polls are even only because the polls come across as 372 00:18:24.183 --> 00:18:25.466 even but remember in 2016 when he won the polls were like 373 00:18:25.906 --> 00:18:31.751 99 against him one percent for him i think the best one was saying two to one against 374 00:18:31.751 --> 00:18:33.751 him this time he's 50 50. 375 00:18:33.751 --> 00:18:38.777 okay and if you look at even with biden uh the polls did overestimated Biden's 376 00:18:38.777 --> 00:18:40.777 support by like 4-5%. 377 00:18:40.777 --> 00:18:42.777 You know what I mean? 378 00:18:42.777 --> 00:18:43.500 He needs 1% against Harris to basically, you know, make it up. 379 00:18:43.901 --> 00:18:46.763 So they have not adjusted the polls, by the way. 380 00:18:47.183 --> 00:18:53.767 The polling is still the same as it was there because the polling assumes that the 381 00:18:53.767 --> 00:18:55.767 margin of error means that sometimes it's going to go in one direction, 382 00:18:55.767 --> 00:18:57.767 sometimes in another. 383 00:18:57.767 --> 00:18:59.767 If it's twice in one direction, it's just a bit of luck. 384 00:18:59.767 --> 00:19:02.734 So the chance of him winning and winning significantly is, I think, if I had to 385 00:19:02.734 --> 00:19:04.734 bet, I'd bet on him. 386 00:19:04.734 --> 00:19:06.734 I think Polly Markle is probably right. 387 00:19:06.734 --> 00:19:07.380 You're wearing me and depressing me both at the same time. 388 00:19:07.640 --> 00:19:08.901 But you're absolutely right, Viv. 389 00:19:09.301 --> 00:19:10.862 I'm terrified of what's going on now. 390 00:19:11.162 --> 00:19:11.862 And I do think he's... 391 00:19:11.862 --> 00:19:14.823 It's not good for South Africa. It's not good for the world. 392 00:19:15.604 --> 00:19:16.304 No, I know. 393 00:19:16.304 --> 00:19:17.925 For the world, but I mean for Africa as well. 394 00:19:18.865 --> 00:19:21.206 You know, he has no time for it. 395 00:19:21.426 --> 00:19:22.126 Nothing. 396 00:19:22.187 --> 00:19:27.129 No, he calls them, I'm not going to say the word, but he calls the whole of Africa 397 00:19:27.129 --> 00:19:29.129 S-hole countries. 398 00:19:29.129 --> 00:19:29.730 I mean, there's going to be nothing. 399 00:19:30.290 --> 00:19:34.693 If there's any money going into Africa, or South Africa or any favourable trade 400 00:19:34.693 --> 00:19:34.812 deals. 401 00:19:34.812 --> 00:19:41.239 He's just going to get his great big fist out and just draw a big cross across those 402 00:19:41.239 --> 00:19:43.239 agreements, 403 00:19:43.239 --> 00:19:45.239 and it won't be good for them. 404 00:19:45.239 --> 00:19:51.367 After what Woodward came up with in his book about the Putin calls and everything 405 00:19:51.367 --> 00:19:53.367 else, that's very, very dangerous. 406 00:19:53.367 --> 00:19:54.190 I don't know, people say, no, of course they should chat. 407 00:19:54.210 --> 00:19:55.171 I mean, it's diplomacy. 408 00:19:55.271 --> 00:19:56.992 No, it's nothing to do with diplomacy. 409 00:19:57.393 --> 00:19:59.815 It's to do with Trump saying, I'll do this because you know... 410 00:20:00.135 --> 00:20:03.026 that I was in a hotel room in Moscow with three hookers. 411 00:20:04.490 --> 00:20:05.591 And I've got pictures of it. 412 00:20:05.611 --> 00:20:06.531 That's what it is. 413 00:20:06.551 --> 00:20:07.251 It really is. 414 00:20:07.432 --> 00:20:09.834 Gentlemen, the markets now, before we get on to more stuff. 415 00:20:10.634 --> 00:20:12.436 Dollar round is 17.54. 416 00:20:12.496 --> 00:20:14.637 British pound against the round is 22.88. 417 00:20:14.637 --> 00:20:17.259 And the euro round is 19.15. 418 00:20:17.259 --> 00:20:20.041 Euro dollar 109.20 after the data today. 419 00:20:20.101 --> 00:20:21.662 So nothing much going on there. 420 00:20:22.382 --> 00:20:24.664 British pound 130.50. 421 00:20:24.664 --> 00:20:29.427 Looks like there will be a first black woman leader of the Conservative Party. 422 00:20:29.467 --> 00:20:31.789 And I must say, she's very good. 423 00:20:31.849 --> 00:20:32.870 She's very spicy. 424 00:20:33.550 --> 00:20:36.913 She says what she means, even if it offends people. 425 00:20:37.374 --> 00:20:38.175 It doesn't offend me. 426 00:20:38.415 --> 00:20:43.740 The gold price, 2625, up $19 an ounce. 427 00:20:43.880 --> 00:20:46.602 Platinum 976, up 28. 428 00:20:46.963 --> 00:20:50.626 And palladium, up 29 to 1066. 429 00:20:50.986 --> 00:20:54.149 The other commodities, that's interesting. 430 00:20:54.169 --> 00:20:55.651 The oil price has been very interesting. 431 00:20:56.131 --> 00:20:57.813 It's up strongly today again. 432 00:20:57.853 --> 00:20:58.974 It's all over the place. 433 00:20:59.674 --> 00:21:02.836 depending on which country is being bombed and by whom. 434 00:21:03.337 --> 00:21:06.139 $78.19 for Brent, up 2.1%. 435 00:21:06.759 --> 00:21:12.003 And West Texas, $74.79, also 2.1% higher. 436 00:21:12.063 --> 00:21:12.763 What else have we got? 437 00:21:12.783 --> 00:21:14.184 Copper up 0.7%. 438 00:21:14.885 --> 00:21:16.686 Yeah, coal down 2.5%. 439 00:21:16.726 --> 00:21:18.768 Steel up, no, actually doing nothing. 440 00:21:19.128 --> 00:21:23.591 But anyway, commodities after the China story don't really know what to do. 441 00:21:24.091 --> 00:21:27.854 The S&P 500, record highs yesterday, record closing highs. 442 00:21:28.234 --> 00:21:30.296 Slightly down today, 0.2% weaker. 443 00:21:30.496 --> 00:21:34.739 The December futures, 5,828. 444 00:21:34.739 --> 00:21:37.500 US 10-year treasury, 4.10%. 445 00:21:37.941 --> 00:21:43.545 The South African 10-year bond is 9.32%. And Bitcoin, 446 00:21:44.926 --> 00:21:45.926 what is that thing doing? 447 00:21:45.926 --> 00:21:48.468 60,700, let's call it. 448 00:21:48.868 --> 00:21:53.631 Down nearly 2%. So, yeah, not much going on there. 449 00:21:54.212 --> 00:21:57.074 David, any South African corporate news we should... 450 00:21:57.714 --> 00:21:58.414 Hi. 451 00:21:58.414 --> 00:21:59.295 I've been so out of it. 452 00:21:59.395 --> 00:22:03.218 I really and I haven't even got a computer here in Boston. 453 00:22:03.718 --> 00:22:05.219 I'm operating off an iPad. 454 00:22:05.820 --> 00:22:09.022 So I'm a little out of touch with what's happened over the last year. 455 00:22:09.022 --> 00:22:09.862 No, there hasn't been any. 456 00:22:09.862 --> 00:22:10.823 I haven't seen much. 457 00:22:11.504 --> 00:22:12.204 No, there's not news. 458 00:22:12.444 --> 00:22:13.585 Viv can come in on this one. 459 00:22:15.326 --> 00:22:17.227 Yeah, I'll talk in a second. 460 00:22:17.247 --> 00:22:20.490 Also, I don't want us to forget to mention there's a big Tesla event tonight. 461 00:22:20.490 --> 00:22:22.971 I don't know if you've heard about that. 462 00:22:23.011 --> 00:22:24.052 No, go on. 463 00:22:24.052 --> 00:22:24.913 What's he doing this time? 464 00:22:24.953 --> 00:22:25.653 Dancing? 465 00:22:25.873 --> 00:22:26.573 Jumping in the air? 466 00:22:26.594 --> 00:22:27.294 What? 467 00:22:27.294 --> 00:22:33.436 what's that uh it's called we robot uh this is when he's going to unveil the 468 00:22:33.436 --> 00:22:35.436 robotaxi remember it's always been tesla 469 00:22:35.436 --> 00:22:41.238 yeah and the driverless vehicle yes uh and if you i don't know if david has seen any 470 00:22:41.238 --> 00:22:43.238 in the in the us at the moment but way more is operating these 471 00:22:43.238 --> 00:22:47.400 vehicles right now you can actually get the driverless vehicle taxi in in the us 472 00:22:47.400 --> 00:22:49.400 from waymo uh and 473 00:22:49.400 --> 00:22:54.222 he's basically likely that's the prediction to announce his version of the 474 00:22:54.222 --> 00:22:56.222 driverless taxi uh today uh it's called we 475 00:22:56.222 --> 00:23:00.829 robot There's also the possibility it might be the Optimus Prime, something 476 00:23:00.829 --> 00:23:02.829 happening there, but it's most likely to be the Robotaxi. 477 00:23:02.829 --> 00:23:05.332 There's been apparently videos of this thing going around, et cetera. 478 00:23:05.992 --> 00:23:07.773 And so, yeah, big AI news. 479 00:23:07.773 --> 00:23:10.255 In terms of the market, really weird kind of like thing. 480 00:23:10.255 --> 00:23:11.876 I mean, the platinum stocks are looking great. 481 00:23:11.876 --> 00:23:14.757 We're looking at Sibania, one of the smallest being. 482 00:23:14.757 --> 00:23:16.458 Down 8.3%. 483 00:23:17.179 --> 00:23:18.599 That's not an ex-dividend story. 484 00:23:19.040 --> 00:23:20.581 That's a real price, is it? 485 00:23:20.941 --> 00:23:22.842 The Sibania weakness today, Viv? 486 00:23:26.380 --> 00:23:28.181 I don't check it out. 487 00:23:28.181 --> 00:23:29.461 I don't think it is yet. 488 00:23:29.461 --> 00:23:31.122 I think it is actually. 489 00:23:31.122 --> 00:23:32.423 Let's check the statistic correctly. 490 00:23:32.423 --> 00:23:33.924 17,61. 491 00:23:33.964 --> 00:23:34.664 What was the high on that? 492 00:23:34.664 --> 00:23:35.485 It was in the 40s or 50s, wasn't it? 493 00:23:35.505 --> 00:23:36.465 David, you would know this. 494 00:23:36.505 --> 00:23:39.707 You haven't got a computer, but Sibelius is a... 495 00:23:39.707 --> 00:23:43.449 It was 7,500 at one stage. 496 00:23:45.730 --> 00:23:48.832 75 round a share and is now below 18. 497 00:23:49.572 --> 00:23:50.813 What an extraordinary story. 498 00:23:50.893 --> 00:23:52.534 The destruction of wealth in that one. 499 00:23:52.910 --> 00:23:55.131 Because it was the darling at one stage, obviously. 500 00:23:55.511 --> 00:23:56.792 Sorry, Viv, we interrupted you. 501 00:23:57.652 --> 00:24:01.874 No, no, basically, yeah, it happened basically in the middle of the day. 502 00:24:05.055 --> 00:24:08.076 They lost the court case, and that's kind of hurt them. 503 00:24:08.977 --> 00:24:10.617 It's about 1.2 billion. 504 00:24:11.077 --> 00:24:12.338 They may be liable for damages. 505 00:24:14.699 --> 00:24:15.959 That's what's hurting them there. 506 00:24:16.660 --> 00:24:22.202 At the same time, we also see, from the positive stocks, a lot of gold producers. 507 00:24:23.002 --> 00:24:29.648 uh you know harmony is up angular gold is up drd is up uh you know it's also it's a 508 00:24:29.648 --> 00:24:31.648 bit of a bifurcated 509 00:24:31.648 --> 00:24:36.413 market uh in terms of other stocks out there chasel is one of the beginnings of 510 00:24:36.413 --> 00:24:38.413 the day as well and you can make sense of that 511 00:24:38.413 --> 00:24:41.697 because of the quality of you know all the way higher and in the fall is strange 512 00:24:41.697 --> 00:24:43.697 enough the process was 513 00:24:43.697 --> 00:24:44.880 down uh you know you know we're going to talk 514 00:24:44.940 --> 00:24:51.705 about uh china but uh you would think that when they introduced this what's it five 515 00:24:51.705 --> 00:24:53.705 trillion uh 500 516 00:24:53.705 --> 00:24:58.109 billion dollar a stabilization fund, the market would expect to be pretty stable. 517 00:24:58.610 --> 00:25:03.800 But unfortunately, I think that the issues in China are pretty negative, I think. 518 00:25:04.532 --> 00:25:09.394 Well, they had the Golden Week, which is their week off, and they were also 519 00:25:09.394 --> 00:25:11.394 celebrating the 520 00:25:11.394 --> 00:25:14.717 75th anniversary of the foundation of the People's Republic of China in 1937. 521 00:25:15.097 --> 00:25:18.839 And everyone was very optimistic, and the share prices went through the roof. 522 00:25:19.259 --> 00:25:26.142 And yet in the last two days, they've had the worst period for, I think, 27 years or 523 00:25:26.142 --> 00:25:28.142 something for China equities, 524 00:25:28.142 --> 00:25:30.142 the biggest falls. 525 00:25:30.142 --> 00:25:30.764 And it's strange, and it doesn't engender much... 526 00:25:30.924 --> 00:25:32.085 confidence in China. 527 00:25:32.405 --> 00:25:35.948 David, I don't know if you're a China investor or if you've had more 528 00:25:35.948 --> 00:25:37.948 opportunities. 529 00:25:37.948 --> 00:25:39.948 It is unpredictable. 530 00:25:39.948 --> 00:25:41.948 It's unpredictable. 531 00:25:41.948 --> 00:25:43.948 You can't call it. 532 00:25:43.948 --> 00:25:45.855 And I know that they were disappointed and waiting for further stimulus, which is 533 00:25:45.855 --> 00:25:47.855 absolutely needed. 534 00:25:47.855 --> 00:25:53.320 And now the whole story is waiting for the end of all those celebrations and various 535 00:25:53.320 --> 00:25:55.320 talks on fiscal policy to see 536 00:25:55.320 --> 00:25:57.320 if anything else does come. 537 00:25:57.320 --> 00:25:57.644 But it's very difficult to read. 538 00:25:58.444 --> 00:26:04.286 You know, it's still a massive economy, still contributes hugely to world growth, 539 00:26:04.286 --> 00:26:06.286 you know, as does India. 540 00:26:06.286 --> 00:26:08.727 But to invest there is becoming more and more difficult. 541 00:26:09.447 --> 00:26:11.608 And Viv was talking about process and NASPERS. 542 00:26:11.668 --> 00:26:15.149 Yes, they recovered on the 10 cent recovery that we have seen. 543 00:26:16.789 --> 00:26:19.010 But, you know, that's also got to be sustainable. 544 00:26:19.490 --> 00:26:23.951 And it's always a worry, Lindsay, with recovery stocks, even the SA market. 545 00:26:24.311 --> 00:26:26.792 You know, we come from a very low point and we... 546 00:26:27.912 --> 00:26:29.433 I don't want to say a knee-jerk reaction. 547 00:26:29.513 --> 00:26:30.614 Everyone gets excited. 548 00:26:30.974 --> 00:26:32.336 But you need sustainability. 549 00:26:32.796 --> 00:26:36.519 You need follow-through for those markets to continue. 550 00:26:37.179 --> 00:26:43.845 And it's very difficult to see it against the backdrop that you said of 551 00:26:44.425 --> 00:26:45.226 stagflation. 552 00:26:45.526 --> 00:26:51.431 I don't believe in stagflation, but I think the economy takes certainly the 553 00:26:51.431 --> 00:26:53.431 American economy is more 554 00:26:53.431 --> 00:26:54.253 service-orientated than investment-orientated. 555 00:26:54.333 --> 00:26:57.616 So just got to be very careful about that. 556 00:26:57.976 --> 00:27:04.802 how you play it just with caution not not with great excitement it will go up with 557 00:27:04.802 --> 00:27:06.802 the rest of the world as growth returns but it's 558 00:27:06.802 --> 00:27:11.627 not uh you know and i'm talking mainly china and south africa as well which is 559 00:27:11.627 --> 00:27:13.627 commodity driven just just be careful 560 00:27:13.627 --> 00:27:16.992 think it through okay we'll do so let's have a look at the stocks i mean viv has 561 00:27:16.992 --> 00:27:18.992 very well described 562 00:27:18.992 --> 00:27:23.897 the ups and the downs on the jsc today but i'll just reiterate what he said harmony 563 00:27:23.897 --> 00:27:25.897 top of the list up four and a third percent angler goldish 564 00:27:25.897 --> 00:27:29.040 shanty up 4.1 percent drd gold up 3.6 Sassel a 3.4% winner. 565 00:27:29.040 --> 00:27:31.481 On the downside, Sibani Stillwater. 566 00:27:31.761 --> 00:27:33.242 Gosh, how the mighty have fallen. 567 00:27:33.262 --> 00:27:38.003 8.3% weaker, R17.61 per share. 568 00:27:38.583 --> 00:27:39.663 Bytes down 8%. 569 00:27:39.763 --> 00:27:46.065 Mondi down 3.7% after a really good day yesterday after they bought something 570 00:27:46.065 --> 00:27:48.065 somewhere in Europe. 571 00:27:48.065 --> 00:27:49.146 And I'm sorry for being so vague, but anyway, they did. 572 00:27:49.626 --> 00:27:52.167 And people are saying, well, hello, what's that all about? 573 00:27:52.267 --> 00:27:56.548 3.3% down for PHP prop and Northam's down nearly... 574 00:27:57.312 --> 00:27:58.012 Two percent. 575 00:27:58.012 --> 00:28:01.095 David, can you give us the closing indices before we come to our closing? 576 00:28:01.256 --> 00:28:02.316 Oh, you can't, can you? 577 00:28:03.257 --> 00:28:07.541 I wish I all I know is that I can give you the foot. 578 00:28:07.541 --> 00:28:11.224 Sorry, the top 40 index was down. 579 00:28:11.244 --> 00:28:11.944 I can give you these. 580 00:28:11.944 --> 00:28:12.785 Don't you worry, David. 581 00:28:13.626 --> 00:28:18.710 You get your closing thoughts together on what you think is going to happen in the 582 00:28:18.710 --> 00:28:20.710 next couple of weeks. 583 00:28:20.710 --> 00:28:23.154 But I've got the top 40 flat at seventy seven thousand three hundred and sixty 584 00:28:23.154 --> 00:28:23.313 eight. 585 00:28:23.313 --> 00:28:25.536 Industrials down point six percent. 586 00:28:25.984 --> 00:28:27.524 Financials are flat. 587 00:28:27.825 --> 00:28:29.785 It's a boring day, let's put it that way. 588 00:28:29.785 --> 00:28:34.626 The all-share itself, 85,393 on the day, 589 00:28:34.786 --> 00:28:37.027 which again is essentially flat. 590 00:28:37.687 --> 00:28:43.649 So yeah, not much going on on the JSE, which is unusual after the US inflation 591 00:28:43.649 --> 00:28:45.649 data. 592 00:28:45.649 --> 00:28:47.649 Viv, any AI news? 593 00:28:47.649 --> 00:28:52.211 Didn't I say something about ChatGPT and its market valuation of 150 billion or 594 00:28:52.251 --> 00:28:52.951 something? 595 00:28:52.951 --> 00:28:55.412 Viv, I tend to turn off, and the reason I turn off... 596 00:28:55.944 --> 00:29:02.269 as an aside is because after 150 years of having linesmen at the wimbledon tennis 597 00:29:02.329 --> 00:29:09.294 championships they've been scrapped because of ai and technology so you've got 598 00:29:09.294 --> 00:29:11.294 lots of um unemployed lines people 599 00:29:11.294 --> 00:29:12.796 walking around london at the moment uh looking 600 00:29:12.836 --> 00:29:19.742 for a job i mean come on viv that's not right but i mean if you look at the latest 601 00:29:19.742 --> 00:29:21.742 version they give it out right this 602 00:29:21.742 --> 00:29:26.706 preview version and there's a guy called i don't know if you know terence town He is 603 00:29:26.706 --> 00:29:28.706 considered to be the greatest mathematician in the world, right? 604 00:29:28.706 --> 00:29:28.827 He's got a Nobel Prize or something. 605 00:29:29.648 --> 00:29:30.348 A Fields Medal. 606 00:29:30.409 --> 00:29:31.109 Fields Medal. 607 00:29:31.449 --> 00:29:33.411 You don't get a Max Prize from the Nobel. 608 00:29:33.931 --> 00:29:37.894 But he basically came out and said he's looked at and he's played with the GPT 609 00:29:37.894 --> 00:29:39.894 thing. 610 00:29:39.894 --> 00:29:43.197 This is the case where, you know, it can do things that, unfortunately, I don't 611 00:29:43.197 --> 00:29:45.197 have the intellect to judge whether or not it's smarter or not. 612 00:29:45.197 --> 00:29:47.197 You know what I mean? 613 00:29:47.197 --> 00:29:49.197 It's smarter in such a level that I can't judge it. 614 00:29:49.197 --> 00:29:53.024 But the mathematical jump up that it's done has put it in the level, he says, as 615 00:29:53.024 --> 00:29:53.063 a... 616 00:29:53.364 --> 00:30:00.154 is mediocre to like good graduate students in mathematics right it helps okay this is 617 00:30:00.154 --> 00:30:02.154 terence tau 618 00:30:02.154 --> 00:30:06.822 do uh problem solving now if something can help this town Trust me, it's a, you 619 00:30:06.822 --> 00:30:07.021 could, we, 620 00:30:07.021 --> 00:30:11.246 I don't know about you guys, but I could barely like, you know, hold the pen that 621 00:30:11.246 --> 00:30:13.246 he's writing with, you know what I mean? 622 00:30:13.246 --> 00:30:15.246 That's how smart he is. 623 00:30:15.246 --> 00:30:17.246 He has like a two-stuff. 624 00:30:17.246 --> 00:30:19.246 The stuff he could do at seven, I can't do that. 625 00:30:19.246 --> 00:30:19.373 But he's basically saying that this is a step up in a way. 626 00:30:19.493 --> 00:30:21.635 And so, yeah, the GPD stuff is one. 627 00:30:22.135 --> 00:30:28.421 But the interesting thing about this, and this is also, I don't know if you guys 628 00:30:28.421 --> 00:30:30.421 know, that Sam Altman, right, who somebody said once, 629 00:30:30.421 --> 00:30:31.704 if you do an island of cannibals, you come back at five, yes, you do the pig. 630 00:30:32.388 --> 00:30:39.212 he is the sole remaining executive at openai right he's got open the eye from 631 00:30:39.212 --> 00:30:41.212 being a pro non-profit 632 00:30:41.212 --> 00:30:46.015 company to a for-profit company like lindsay mentioned worth 150 billion 633 00:30:46.015 --> 00:30:48.015 dollars yeah he's been awarded 10 billion of those dollars by the way as a 634 00:30:48.015 --> 00:30:50.298 stock thing and 635 00:30:50.318 --> 00:30:57.001 here's the here's the thing this guy basically has managed to do this all while 636 00:30:57.001 --> 00:30:59.001 claiming that he's working uh 637 00:30:59.001 --> 00:31:01.364 for the love of this thing he he he really does come across i mean 638 00:31:02.645 --> 00:31:07.188 as somebody that's an absolute psychopathic business person. 639 00:31:07.829 --> 00:31:14.555 He looks to be somebody that says what he needs to say, does what he needs to do, 640 00:31:14.555 --> 00:31:16.555 and yet at the end of the day comes out with the most money, 641 00:31:16.555 --> 00:31:18.555 the most power. 642 00:31:18.555 --> 00:31:20.555 He fired the bomb that's supposed to be able to fire him. 643 00:31:20.555 --> 00:31:23.642 He changed everybody else that said no to him or was even a threat to his power is 644 00:31:23.642 --> 00:31:25.642 gone from the company. 645 00:31:25.642 --> 00:31:26.304 And he's trying to raise money right now, okay? 646 00:31:27.105 --> 00:31:29.207 And this is where the $150 billion valuation comes from. 647 00:31:29.207 --> 00:31:30.548 And one of the rules for... 648 00:31:30.888 --> 00:31:37.653 investing in his company is that you can't invest in the company formed by his former 649 00:31:37.653 --> 00:31:39.653 basically people that work there like at Tropic 650 00:31:39.653 --> 00:31:40.435 or the guy that used to be his chief scientist, Leah. 651 00:31:41.536 --> 00:31:48.421 So he's not only basically trying to make sure that he's throwing his company, he's 652 00:31:48.421 --> 00:31:50.421 trying to cut off funding for all the other AI companies out there at the same 653 00:31:50.421 --> 00:31:52.421 time. 654 00:31:52.421 --> 00:31:54.421 A real tough business man this guy is. 655 00:31:54.421 --> 00:31:57.948 David, Viv said that he wouldn't be able to hold the pen of the mathematician that 656 00:31:57.948 --> 00:31:59.948 he was talking about. 657 00:31:59.948 --> 00:32:02.271 I think after hearing what he's just said, that maybe he could. 658 00:32:02.532 --> 00:32:08.757 The thing that bugs me is that mathematician, these geniuses of which we 659 00:32:08.757 --> 00:32:10.757 speak, are they all happy? 660 00:32:10.757 --> 00:32:11.839 David, you're happy walking around Central Park every day, aren't you? 661 00:32:12.480 --> 00:32:13.180 Yeah, yeah. 662 00:32:13.200 --> 00:32:14.781 Exactly. 663 00:32:14.781 --> 00:32:16.443 I'm not after making that kind of money. 664 00:32:16.443 --> 00:32:18.925 I'm quite happy just looking at the flowers. 665 00:32:19.365 --> 00:32:26.031 But, you know, credit to Sam Altman, I mean, and the release of Open, of ChatGPT 666 00:32:26.031 --> 00:32:28.031 at the right time, November 22, 667 00:32:28.031 --> 00:32:30.031 which really changed everything. 668 00:32:30.031 --> 00:32:32.031 brought it to our attention. 669 00:32:32.031 --> 00:32:35.534 I think you've got a lot of those kind of people hovering around in the cutthroat 670 00:32:36.034 --> 00:32:37.815 U.S. market. 671 00:32:39.295 --> 00:32:40.475 That's what makes America. 672 00:32:41.596 --> 00:32:42.576 It's not for sissies. 673 00:32:43.876 --> 00:32:46.397 And this place, if you don't perform, you're out the next day. 674 00:32:46.757 --> 00:32:48.938 You're not even given 24 hours. 675 00:32:48.958 --> 00:32:51.118 You're given an hour. 676 00:32:51.138 --> 00:32:55.159 They cut down your computer, give you a pink slip, and that's it, and an agreement 677 00:32:55.159 --> 00:32:57.159 to sign. 678 00:32:57.159 --> 00:32:59.159 And that's America. 679 00:32:59.159 --> 00:33:02.133 That's the kind of competition you've, you know, Lindsay, just on that, 680 00:33:02.574 --> 00:33:09.135 just being with family here and being around people who came from South Africa, 681 00:33:09.135 --> 00:33:11.135 mainly ex-South Africans, a lot of, you know, 682 00:33:11.135 --> 00:33:13.135 other people as well. 683 00:33:13.135 --> 00:33:16.898 But what interests me and what is so fascinating is the culture of 684 00:33:16.958 --> 00:33:18.018 choosing your college. 685 00:33:18.658 --> 00:33:23.960 You know, you, the kids are in now, my granddaughter now is in, she's a senior. 686 00:33:24.788 --> 00:33:28.430 She's now full into choosing where she's going to go as a college. 687 00:33:28.790 --> 00:33:30.010 And this is an industry. 688 00:33:30.431 --> 00:33:32.291 You know, choosing a college is an industry. 689 00:33:32.331 --> 00:33:38.694 It's not, you know, you haven't got, oh, I'm going to go to UJA or I'm going to 690 00:33:38.694 --> 00:33:40.694 Cape Town, Stellenbosch or Wits, whatever. 691 00:33:40.694 --> 00:33:41.556 This is, you know, you've got country. 692 00:33:41.636 --> 00:33:44.157 You've got many, many choices. 693 00:33:44.537 --> 00:33:48.319 And all of them are good colleges and all, in a way, businesses. 694 00:33:48.839 --> 00:33:51.400 So, but where I come to is that... 695 00:33:52.324 --> 00:33:58.348 It breeds, you know, you breed this intellect that is so competitive. 696 00:33:58.728 --> 00:34:05.531 You know, it's not just open for you to, oh yeah, my dad's, you know, he runs a 697 00:34:05.531 --> 00:34:07.531 grocer down the road that gives me security. 698 00:34:07.531 --> 00:34:09.531 This is far from it. 699 00:34:09.531 --> 00:34:09.894 It is a very, very competitive country. 700 00:34:10.474 --> 00:34:13.916 And you have to start from the time, Viv, you send your kids to nurseries. 701 00:34:13.916 --> 00:34:15.717 That's what I was going to say to Viv. 702 00:34:15.717 --> 00:34:21.900 I was going to say, in 16, 17 years'time, 18 years'time, Aviv, 703 00:34:22.300 --> 00:34:26.963 when your youngster is not so young anymore, where is that child going to go? 704 00:34:27.103 --> 00:34:29.464 Are you going to say, well, it's South Africa? 705 00:34:29.464 --> 00:34:35.548 Are you going to send her overseas or something to go to Yale or Harvard or 706 00:34:35.548 --> 00:34:37.548 wherever it is, 707 00:34:37.548 --> 00:34:39.548 Wharton Business School? 708 00:34:39.548 --> 00:34:41.548 I mean, it's an interesting decision, isn't it? 709 00:34:41.548 --> 00:34:43.548 Yeah. 710 00:34:43.548 --> 00:34:43.692 The scary thing for me is that I'm so into the AI stuff. 711 00:34:43.752 --> 00:34:48.175 I look at the technology developing, and I don't know what job, what I can trade her 712 00:34:48.175 --> 00:34:48.655 for. 713 00:34:48.655 --> 00:34:50.476 My brother had this vision. 714 00:34:50.800 --> 00:34:55.722 So his daughter, right, so not to like, you know, like, but he wanted her to be an 715 00:34:55.722 --> 00:34:55.902 artist. 716 00:34:56.043 --> 00:34:58.884 He saw AI company, he's an engineer, he thought this thing was going to happen. 717 00:34:59.304 --> 00:35:04.026 So his daughter plays like the flute, she paints, she sculpts, he does a whole bunch 718 00:35:04.026 --> 00:35:04.246 of stuff. 719 00:35:04.426 --> 00:35:08.889 And then you see the first thing that this thing does is it plays music, it draws, it 720 00:35:08.889 --> 00:35:08.908 does video. 721 00:35:09.429 --> 00:35:10.129 You know what I mean? 722 00:35:10.129 --> 00:35:11.770 The first thing it takes down is art. 723 00:35:12.514 --> 00:35:19.396 you know what i mean and then you say okay maybe be a programmer and other 724 00:35:19.396 --> 00:35:21.396 programmers are losing their jobs i don't know what i can show 725 00:35:21.396 --> 00:35:25.978 a career she could have in 20 years time that this thing you know where i'm getting 726 00:35:25.978 --> 00:35:27.978 at as well 727 00:35:27.978 --> 00:35:29.359 lindsay and it's so important from being south africa yeah 728 00:35:29.359 --> 00:35:36.301 is that you realize that you know the world is getting smarter certainly the us 729 00:35:36.301 --> 00:35:38.301 is getting smarter 730 00:35:38.301 --> 00:35:40.882 and i'm not sure we can keep up with it you know each year that goes by 731 00:35:41.258 --> 00:35:48.224 We actually slip a little behind and I'm not saying there's anything wrong with our 732 00:35:48.224 --> 00:35:50.224 varsities or anything wrong with our schools because there's some 733 00:35:50.224 --> 00:35:52.367 really excellent private schools as well, but as a population, 734 00:35:54.589 --> 00:35:58.852 even as a continent, we just slip further and further behind. 735 00:35:59.913 --> 00:36:05.478 And Lizzie, thank goodness I'm old because I wouldn't know how I could survive in 736 00:36:05.478 --> 00:36:07.478 this kind of environment. 737 00:36:07.478 --> 00:36:08.040 You'd survive, don't worry. 738 00:36:08.040 --> 00:36:10.282 It's so different from the way we were brought up. 739 00:36:11.955 --> 00:36:18.398 When I meet all the kids, which are almost grandkids to me at that age, they're at 740 00:36:18.398 --> 00:36:20.398 Yale, they're at Brown, 741 00:36:20.398 --> 00:36:22.398 they're at a math school. 742 00:36:22.398 --> 00:36:24.398 I don't know if you've heard of this one, Colby. 743 00:36:24.398 --> 00:36:26.398 No. 744 00:36:26.398 --> 00:36:28.398 I don't know. 745 00:36:28.398 --> 00:36:30.398 Which is math. 746 00:36:30.398 --> 00:36:30.746 I'm talking to Viv as well, who might know the best math schools in the US. 747 00:36:30.826 --> 00:36:33.327 But math school, I mean math colleges. 748 00:36:33.767 --> 00:36:36.289 But this is tough. 749 00:36:36.609 --> 00:36:37.850 You know, when I say the kids. 750 00:36:38.482 --> 00:36:45.225 Have it tough, and if you're going to survive and do well, which you can, you 751 00:36:45.225 --> 00:36:47.225 must see my grandkids come home, 752 00:36:47.225 --> 00:36:49.225 9 o'clock, half past nine. 753 00:36:49.225 --> 00:36:51.225 They do all the extra murals. 754 00:36:51.225 --> 00:36:53.225 Lindsay, the other point. 755 00:36:53.225 --> 00:36:55.225 Sorry, I know we're going on because I won't speak to you next week. 756 00:36:55.225 --> 00:36:57.225 No, this is interesting. 757 00:36:57.225 --> 00:36:59.225 What are you doing next week? 758 00:36:59.225 --> 00:37:01.225 What's wrong with next week? 759 00:37:01.225 --> 00:37:03.225 No, I'll be flying home. 760 00:37:03.225 --> 00:37:05.225 Oh, I see. 761 00:37:05.225 --> 00:37:07.225 But what I wanted to say is my grandson, I went to watch him play. 762 00:37:07.225 --> 00:37:09.225 You've got to call it soccer. 763 00:37:09.225 --> 00:37:11.225 You can't call it football. 764 00:37:11.225 --> 00:37:13.225 Otherwise, you're talking about that other game. 765 00:37:13.225 --> 00:37:15.225 But, you know, he's in the, he plays for his school. 766 00:37:15.225 --> 00:37:16.117 He's still a junior, which means he's like, you know, next year, senior. 767 00:37:17.118 --> 00:37:18.098 He's a pretty good player. 768 00:37:18.138 --> 00:37:18.838 I watch them. 769 00:37:19.158 --> 00:37:22.380 They train, they train virtually every day. 770 00:37:23.280 --> 00:37:26.721 You know, this is not, when I was at Wits playing high level soccer, 771 00:37:26.741 --> 00:37:30.743 we might've trained at one hour twice a week or something like this. 772 00:37:30.903 --> 00:37:33.744 These kids train every day. 773 00:37:33.744 --> 00:37:35.105 That is unhealthy, David. 774 00:37:35.125 --> 00:37:35.825 I'm sorry. 775 00:37:35.825 --> 00:37:37.946 And again, I'm digressing now to both of you. 776 00:37:38.286 --> 00:37:44.952 I watched an episode of Boston Legal, which is one of my favourite legal 777 00:37:44.952 --> 00:37:46.952 programmes, old things with James Spader and William Shatner, 778 00:37:46.952 --> 00:37:47.494 and what's that beautiful woman's name? 779 00:37:48.295 --> 00:37:49.236 I can't remember anyway. 780 00:37:49.736 --> 00:37:56.302 But anyway, there was a court case, and the woman was suing the school because her 781 00:37:56.302 --> 00:37:58.302 child, who committed suicide, no, 782 00:37:58.302 --> 00:38:00.545 she fell asleep at the wheel and crashed her car and died. 783 00:38:01.066 --> 00:38:05.510 And she sued the school because there was so much pressure to do well. 784 00:38:06.106 --> 00:38:11.108 And she felt that she had to stay and do three or four hours after normal school 785 00:38:11.108 --> 00:38:11.188 hours, 786 00:38:11.369 --> 00:38:13.289 and she was so exhausted that that's what it did. 787 00:38:13.650 --> 00:38:17.451 I don't know if it's healthy, David, and Viv will come on this in a second. 788 00:38:17.812 --> 00:38:19.352 Yeah, I'll let you point something out, right? 789 00:38:19.733 --> 00:38:25.175 If you look at people that work the hardest, South Korea, most hours in 790 00:38:25.175 --> 00:38:27.175 school, hard-working people and so on, 791 00:38:27.175 --> 00:38:29.175 Japan did the same thing. 792 00:38:29.175 --> 00:38:31.175 It gets you far. 793 00:38:31.175 --> 00:38:33.175 It gets you far. 794 00:38:33.175 --> 00:38:35.175 It gets you to almost a first-world country level. 795 00:38:35.175 --> 00:38:38.630 but the u.s has something different the u.s is so much richer than south korea 796 00:38:38.630 --> 00:38:40.630 it's like twice as wealthy as south korea twice as wealthy as japan per 797 00:38:40.630 --> 00:38:45.334 person right uh and the reason is not because they are the hardest working it's 798 00:38:45.334 --> 00:38:47.334 not because they are the the the grinders 799 00:38:47.334 --> 00:38:52.517 it's because they have the spark the inspiration you know what i mean yeah and 800 00:38:52.517 --> 00:38:54.517 i think and i think also if you look at some africans going to the us and david 801 00:38:54.517 --> 00:38:56.517 mentioned our 802 00:38:56.517 --> 00:38:58.321 schools may be falling behind actually some african immigrants are some of the 803 00:38:58.321 --> 00:39:00.321 wealthiest immigrants in the u.s the 804 00:39:00.321 --> 00:39:01.442 top two or three i think a lot is immigrants in the u.s South Africans. 805 00:39:01.862 --> 00:39:04.263 I don't just because we're in a mosque. 806 00:39:04.283 --> 00:39:07.084 I could see it, yeah. 807 00:39:07.084 --> 00:39:07.784 Yeah, I heard doctors. 808 00:39:07.784 --> 00:39:09.084 Yeah, carry on, sorry. 809 00:39:09.084 --> 00:39:11.505 The reason is, I think, is that freedom. 810 00:39:11.965 --> 00:39:18.507 And we were just, as you spilt it up, discussing this at work, and talking about 811 00:39:18.507 --> 00:39:20.507 the Norwegians and the Dades, who at one time were Vikings. 812 00:39:20.507 --> 00:39:22.507 Sorry, not to be offensive, yeah. 813 00:39:22.507 --> 00:39:23.428 Norwegians and Dades are like... 814 00:39:23.508 --> 00:39:26.409 In place for Man City, yeah. 815 00:39:26.609 --> 00:39:30.050 The opposite of what the leader of a Viking is nowadays, isn't it? 816 00:39:30.402 --> 00:39:36.124 a norwegian person is the opposite of the marauding pirate you would imagine same 817 00:39:36.124 --> 00:39:38.124 with the day right 818 00:39:38.124 --> 00:39:44.506 right and i think that yes obviously they're probably nicer people for being 819 00:39:44.506 --> 00:39:46.506 that but there is a spark that's lost when you you just basically 820 00:39:46.506 --> 00:39:47.307 work it out and grind it out there is something to be said 821 00:39:47.387 --> 00:39:54.269 for the daydreamers and the you know the crazy people in the world yeah gosh what a 822 00:39:54.269 --> 00:39:59.868 lot to think about david you want you want to end this um this uh Very illuminating 823 00:39:59.868 --> 00:40:01.868 discussion with you. 824 00:40:01.868 --> 00:40:03.868 Your final thoughts, please. 825 00:40:03.868 --> 00:40:08.176 No, I'm saying for, you know, in the Boston community here, as I said, which 826 00:40:08.176 --> 00:40:10.176 are mainly made up of, you know, 827 00:40:10.176 --> 00:40:10.199 that my daughter hangs out with many expats. 828 00:40:10.679 --> 00:40:12.381 All of them have done incredibly well. 829 00:40:12.721 --> 00:40:14.303 All their kids are at good schools. 830 00:40:14.723 --> 00:40:21.350 And you can see the opportunity that they've been given, which is I doubt would 831 00:40:21.350 --> 00:40:23.350 have been given in South Africa. 832 00:40:23.350 --> 00:40:28.712 You know, you can become, they can become ministers of finances or secretary of the 833 00:40:28.712 --> 00:40:30.712 treasuries or, you know, 834 00:40:30.712 --> 00:40:30.932 go in rounds in politics and so on. 835 00:40:31.933 --> 00:40:33.313 And I think that's, you know, vivid. 836 00:40:34.093 --> 00:40:35.694 You bring up a very important point. 837 00:40:36.194 --> 00:40:39.955 It is the freedom here to do what you want to do and the pressure as well. 838 00:40:39.995 --> 00:40:45.856 You know, you do have peer pressure, but still successful and rich. 839 00:40:46.157 --> 00:40:49.938 When I say rich, Boston, you know, when you go around New York, you go around 840 00:40:49.938 --> 00:40:50.137 Boston. 841 00:40:50.137 --> 00:40:51.598 I'm not talking about ex-South Africans. 842 00:40:52.058 --> 00:40:55.441 I mean, the level of wealth here is something that we can't quite comprehend. 843 00:40:56.042 --> 00:40:57.103 It's just beyond us. 844 00:40:57.703 --> 00:40:58.403 Okay. 845 00:40:58.403 --> 00:40:59.765 On that note, we will leave it. 846 00:40:59.765 --> 00:41:05.249 Gentlemen, thank you very much, as always, for such a fascinating chat on all sorts 847 00:41:05.249 --> 00:41:07.249 of different matters. 848 00:41:07.249 --> 00:41:09.249 That was the Five O'Clock Shadow. 849 00:41:09.249 --> 00:41:11.249 Viv Govender is from Ranswiss in Johannesburg. 850 00:41:11.249 --> 00:41:11.935 David Shapiro speaking to us from Boston. 851 00:41:11.955 --> 00:41:13.356 He's from SAS for Insecurities. 852 00:41:13.456 --> 00:41:15.057 And as I said, that's the Five O'Clock Shadow. 853 00:41:15.257 --> 00:41:20.602 The views and opinions expressed in these podcasts are those of Lindsay Williams and 854 00:41:20.602 --> 00:41:22.602 various contributors. 855 00:41:22.602 --> 00:41:26.724 and do not reflect the policy, position, or opinion of any other agency, 856 00:41:26.724 --> 00:41:28.724 organization, employer, 857 00:41:28.724 --> 00:41:30.905 or company associated with StrictlyBusinessPodcast.com. 858 00:41:31.365 --> 00:41:38.327 Assumptions made on the analyses are not reflective of the position of any other 859 00:41:38.327 --> 00:41:40.327 entity other than the speaker or the author. 860 00:41:40.327 --> 00:41:44.509 And since we are critically thinking human beings, these views are always subject to 861 00:41:44.509 --> 00:41:46.509 change, revision, 862 00:41:46.509 --> 00:41:46.649 and rethinking at any time. 863 00:41:46.969 --> 00:41:49.370 Please do not hold us to them in perpetuity.