WEBVTT 1 00:00:00.392 --> 00:00:05.495 You're listening to Strictly Business Podcast with Lindsay Williams. 2 00:00:05.555 --> 00:00:09.117 The JSC has closed its doors for another day, so it's time for the five o'clock 3 00:00:09.117 --> 00:00:09.237 shadow. 4 00:00:09.237 --> 00:00:14.560 And as always, on a Thursday, I've got the double-headed Dream Team edition of Viv 5 00:00:14.560 --> 00:00:16.560 Govender from Ransuisse and 6 00:00:16.560 --> 00:00:17.822 David Shapiro from Sasson Securities in Johannesburg. 7 00:00:18.383 --> 00:00:19.083 Gentlemen, 8 00:00:19.083 --> 00:00:25.667 I won't say that I'm not still sort of slightly under the weather mentally after 9 00:00:25.667 --> 00:00:25.867 what 10 00:00:25.867 --> 00:00:27.128 happened yesterday. 11 00:00:27.612 --> 00:00:31.494 And but well done on both to both of you for predicting it. 12 00:00:31.754 --> 00:00:36.937 But I don't think either of you could have predicted the margin of victory for Donald 13 00:00:36.937 --> 00:00:37.057 J. 14 00:00:37.257 --> 00:00:37.957 Trump. 15 00:00:38.138 --> 00:00:39.839 Viv, it was quite startling, wasn't it? 16 00:00:40.919 --> 00:00:41.619 Yes. 17 00:00:41.619 --> 00:00:43.421 And it was it was startling for one major reason. 18 00:00:43.541 --> 00:00:45.022 And that was the media did not do their job. 19 00:00:45.742 --> 00:00:50.965 If you think about it, I mean, we were getting things from what was called the 20 00:00:50.965 --> 00:00:52.965 gold standard of pollsters. 21 00:00:52.965 --> 00:00:53.566 So that Harris is going to win, I think, in Ohio. 22 00:00:54.307 --> 00:00:55.007 Right. 23 00:00:55.007 --> 00:00:56.128 And she ended up losing by. 24 00:00:56.912 --> 00:00:58.773 The margin of error was like 17%. 25 00:00:59.334 --> 00:01:00.034 You know what I mean? 26 00:01:00.074 --> 00:01:06.998 And this was, if you look back, like a story that was being published on like the 27 00:01:06.998 --> 00:01:08.998 New York Times, as you know, the pollsters say there's a massive run-up before the 28 00:01:08.998 --> 00:01:10.998 election. 29 00:01:10.998 --> 00:01:12.998 The media did not do their job. 30 00:01:12.998 --> 00:01:14.362 It should not have been a surprise how well Trump did if the media had done their 31 00:01:14.362 --> 00:01:14.722 job. 32 00:01:14.722 --> 00:01:16.243 And that's the only thing that I'm really concerned about. 33 00:01:16.243 --> 00:01:20.506 It's the fact that we have somehow entered a period where due to partisanship, 34 00:01:21.026 --> 00:01:24.008 we don't know what the objective truth of the world is. 35 00:01:24.612 --> 00:01:27.914 And that is the really bad thing that we're experiencing at the moment. 36 00:01:28.454 --> 00:01:34.137 Do you think then the media was trying to influence people by putting out these 37 00:01:34.137 --> 00:01:36.137 rejections of a tight race, Viv? 38 00:01:36.137 --> 00:01:37.199 And then, David, I'll come to you in a second. 39 00:01:37.199 --> 00:01:41.881 I mean, obviously they did, because you look at the Republican guys, they were 40 00:01:41.881 --> 00:01:43.881 always saying Trump was going to win by a ton. 41 00:01:43.881 --> 00:01:45.763 Look at the Democrats, guys, often by too much, more than he ended up winning by. 42 00:01:45.784 --> 00:01:51.667 And you look at the Democrats, they were saying, I mean, you put the New York Times 43 00:01:51.667 --> 00:01:53.667 and CNN and those guys in the Democrats. 44 00:01:53.667 --> 00:01:53.988 They will say, look, Kamala Harris is doing much better than... 45 00:01:55.128 --> 00:02:01.853 that it's a very clear thing you're hardly there's no uh independent you know like 46 00:02:01.853 --> 00:02:03.853 you know institution like the bbc in the 47 00:02:03.853 --> 00:02:08.777 u.s um you know even though the bbc might be accused of being more left-wing than 48 00:02:08.777 --> 00:02:10.777 right-wing in the uk that is considered to be 49 00:02:10.777 --> 00:02:16.002 an objective source of truth right now in the u.s you could not find a single big 50 00:02:16.002 --> 00:02:18.002 newspaper that's an objective source 51 00:02:18.002 --> 00:02:18.044 of truth that i don't even read the uh jeff 52 00:02:18.164 --> 00:02:23.988 bezos uh you know op-ed but why he didn't endorse kamala harris and it comes down to 53 00:02:23.988 --> 00:02:24.187 the fact that 54 00:02:24.348 --> 00:02:28.350 the US news media is now less trusted than the US Congress. 55 00:02:29.191 --> 00:02:32.873 And we're talking about like, you know, like, there's low teens of trust in the 56 00:02:32.873 --> 00:02:32.973 news media. 57 00:02:33.353 --> 00:02:36.355 It's because depending on the newspaper you read, you get a little bit entirely 58 00:02:36.355 --> 00:02:38.355 different world. 59 00:02:38.355 --> 00:02:40.355 And yes, they get some things right. 60 00:02:40.355 --> 00:02:45.080 But when it comes down to it and it's contentious, they're going to default to a 61 00:02:45.080 --> 00:02:47.080 partisan kind of outlook, which is, you know, 62 00:02:47.080 --> 00:02:49.663 they must be a market for an independent media source in the world. 63 00:02:49.663 --> 00:02:51.544 I don't know why it doesn't exist at the moment. 64 00:02:51.864 --> 00:02:55.627 Well, it's almost like a ratings agency style media outlet, 65 00:02:55.787 --> 00:03:02.451 which just disseminates all the information and doesn't have any, there's 66 00:03:02.451 --> 00:03:04.451 no partisan leaning. 67 00:03:04.451 --> 00:03:04.513 David, you're obviously disappointed. 68 00:03:04.913 --> 00:03:07.795 I've never asked Viv what his leanings were, but I know yours. 69 00:03:08.075 --> 00:03:14.760 You know what really annoys me is that having looked at it, and I should have 70 00:03:14.760 --> 00:03:16.760 seen it before, but I was too blinded by the fact that I wanted 71 00:03:16.760 --> 00:03:18.760 Harris to win. 72 00:03:18.760 --> 00:03:20.704 Campaign was so weak and her campaign team missed so many. 73 00:03:21.288 --> 00:03:23.689 own goals, especially on the economy. 74 00:03:23.909 --> 00:03:29.613 I could have written her script for the economy and how she should have approached 75 00:03:29.613 --> 00:03:29.732 it. 76 00:03:29.813 --> 00:03:36.296 They were so flimsy compared to the Trump thing, which was when he got on stage, 77 00:03:36.536 --> 00:03:41.499 he'll do his normal thing, then he'll say, are you better off now than you were four 78 00:03:41.499 --> 00:03:41.519 years ago? 79 00:03:41.879 --> 00:03:45.981 That resonates with people, no matter whether they're simple or sophisticated. 80 00:03:46.942 --> 00:03:50.784 I think the one thing that we missed was just how 81 00:03:51.064 --> 00:03:56.686 important inflation was on the wallets of most people, 82 00:03:56.766 --> 00:03:59.768 even if they were wealthier than they were a few years ago. 83 00:04:00.948 --> 00:04:02.709 No one picked up what this meant. 84 00:04:02.729 --> 00:04:03.429 And also, 85 00:04:03.609 --> 00:04:10.412 no one picked up how the population were sick and tired of the status 86 00:04:10.512 --> 00:04:12.453 quo, you know, nothing happening. 87 00:04:12.453 --> 00:04:15.635 And that goes back to the whole Biden presidency. 88 00:04:15.755 --> 00:04:18.476 And I think she couldn't distance herself. 89 00:04:19.408 --> 00:04:26.012 In other words, she never had enough time to actually distance herself from Biden 90 00:04:26.012 --> 00:04:28.012 and what he stood for. 91 00:04:28.012 --> 00:04:30.735 But I think, you know, going back to your point and to Viv's point, 92 00:04:31.375 --> 00:04:37.319 is that the media missed the feelings 93 00:04:38.539 --> 00:04:41.881 of the population, the mood of the population. 94 00:04:41.881 --> 00:04:44.163 And that's, you know, that's coming out now. 95 00:04:44.583 --> 00:04:45.663 I mean, the fact that. 96 00:04:47.316 --> 00:04:49.177 She didn't win the women's vote, 97 00:04:49.937 --> 00:04:55.679 despite the fact that she had this abortion on her side or the anti-abortion, 98 00:04:57.380 --> 00:04:58.741 attacking anti-abortion. 99 00:04:59.341 --> 00:05:00.241 She didn't win that. 100 00:05:00.521 --> 00:05:02.082 She lost the Latino vote. 101 00:05:02.442 --> 00:05:06.564 She lost the African-American vote, you know, in droves. 102 00:05:08.144 --> 00:05:12.226 And the traditional base of the Democrats also left her. 103 00:05:12.926 --> 00:05:19.609 And the other one was, you know, normally the Republicans would win the rural areas 104 00:05:19.609 --> 00:05:21.609 or the outlying. 105 00:05:21.609 --> 00:05:22.911 No, they won, you know, in the cities. 106 00:05:23.311 --> 00:05:26.872 There was even in New York and in California and places like that. 107 00:05:26.932 --> 00:05:28.633 So she was abandoned. 108 00:05:28.713 --> 00:05:30.774 I mean, let me put it another way. 109 00:05:31.094 --> 00:05:32.836 The Democratic Party was abandoned. 110 00:05:32.976 --> 00:05:35.278 People just left it in droves. 111 00:05:35.998 --> 00:05:42.024 And as we go now and look at it, we say we were so far away from it. 112 00:05:43.165 --> 00:05:45.547 And I think the journalists were angry. 113 00:05:45.827 --> 00:05:46.527 They were bitter. 114 00:05:46.988 --> 00:05:48.289 I like this Atlanta. 115 00:05:48.329 --> 00:05:50.511 I read the Atlanta, sorry, Atlantic. 116 00:05:50.771 --> 00:05:51.471 Yes. 117 00:05:51.471 --> 00:05:56.696 And even now they're coming, you know, the man elected president last night is a 118 00:05:56.696 --> 00:05:58.696 depraved and brazen, 119 00:05:58.696 --> 00:06:00.696 pathological liar. 120 00:06:00.696 --> 00:06:01.200 a shameless con man, a sociopath criminal. 121 00:06:01.400 --> 00:06:02.781 You know, they carry on like that. 122 00:06:02.801 --> 00:06:04.582 I'm saying, listen, you've lost. 123 00:06:06.003 --> 00:06:07.344 Take a few steps back. 124 00:06:07.945 --> 00:06:14.670 Get rid of your anger and understand where you are and what needs to be done to 125 00:06:14.670 --> 00:06:16.670 change it if you don't want this man. 126 00:06:16.670 --> 00:06:21.275 So, you know, when I saw the results, I could not believe it. 127 00:06:21.275 --> 00:06:25.338 You know, I'm still kind of trying to grasp it and hook on to it. 128 00:06:26.038 --> 00:06:30.761 His tired old arguments about him being this and that, I mean, are exactly that. 129 00:06:31.642 --> 00:06:36.225 He keeps on going on and on, and people, it just brushes, washes over people now. 130 00:06:36.465 --> 00:06:37.446 It doesn't matter what he said. 131 00:06:37.446 --> 00:06:38.146 I mean, J.D. 132 00:06:38.146 --> 00:06:42.449 Vance said, he said that Harris was trash. 133 00:06:42.750 --> 00:06:44.070 How can you say that? 134 00:06:44.511 --> 00:06:47.553 How can you say that as someone that's going to be in the White House? 135 00:06:47.853 --> 00:06:54.798 This is a woman who's worked her way up from a normal upbringing to being a 136 00:06:54.798 --> 00:06:56.798 prosecutor in San Francisco, and then... 137 00:06:56.798 --> 00:06:59.056 Vice President, why would he say that she is trash? 138 00:06:59.696 --> 00:07:01.397 But people are used to that now. 139 00:07:01.777 --> 00:07:03.017 So it doesn't matter. 140 00:07:03.057 --> 00:07:05.178 So the Atlantic can say whatever it likes. 141 00:07:05.879 --> 00:07:08.580 And people can say what they like as well. 142 00:07:08.800 --> 00:07:10.901 The fact is that there was a landslide. 143 00:07:11.101 --> 00:07:17.184 What really gets me is the smugness of Trump and that freaky family of his. 144 00:07:18.064 --> 00:07:19.445 No, I'm not being nasty. 145 00:07:19.945 --> 00:07:22.186 I'm getting as bad as Vance now. 146 00:07:22.926 --> 00:07:29.830 But it is very strange that that picture that I sent you both earlier today, it's a 147 00:07:29.830 --> 00:07:31.830 family photograph. 148 00:07:31.830 --> 00:07:34.453 But Elon Musk is in there holding a child and no Melania Trump in there. 149 00:07:34.693 --> 00:07:37.575 I mean, Viv, you thought that the woman standing, 150 00:07:37.855 --> 00:07:41.857 the tall blonde woman standing to the left of Elon Musk was Melania Trump. 151 00:07:41.857 --> 00:07:48.021 But no, Melania Trump, I think, has said to her husband, listen, I'm supposed to do 152 00:07:48.021 --> 00:07:50.021 so many minutes a day, 153 00:07:50.021 --> 00:07:50.242 whatever, over a month. 154 00:07:50.402 --> 00:07:54.823 And that's why I signed the agreement to stop me from talking about our marriage. 155 00:07:55.243 --> 00:07:59.184 And this photograph does not fall within those minutes. 156 00:07:59.745 --> 00:08:00.445 I don't know. 157 00:08:00.445 --> 00:08:05.766 But, Viv, didn't you find it sort of cult-like, that picture? 158 00:08:06.967 --> 00:08:07.667 Yeah, look, I mean, 159 00:08:08.467 --> 00:08:15.009 the thing is that it's definitely a victory of 160 00:08:15.029 --> 00:08:15.729 personality. 161 00:08:16.149 --> 00:08:21.935 The reason I would say that is because if you look at it, Trump won all the swing 162 00:08:21.935 --> 00:08:23.935 states, right? 163 00:08:23.935 --> 00:08:25.935 Yeah. 164 00:08:25.935 --> 00:08:26.358 But I think he only managed to flip a single Senate seat in those swing states. 165 00:08:26.978 --> 00:08:32.481 That means that the people that were also running as Republicans in those swing 166 00:08:32.481 --> 00:08:34.481 states, like Nevada, he won by a lot. 167 00:08:34.481 --> 00:08:39.285 But I think all the congressional seats and currently the Senate seat, it's quite 168 00:08:39.285 --> 00:08:41.285 close, but it looks like the Senate seat as well is going to go Democrat. 169 00:08:41.285 --> 00:08:43.285 Okay. 170 00:08:43.285 --> 00:08:47.589 So it wasn't a case of Trump took on the Republican Party, going to rule the 171 00:08:47.589 --> 00:08:49.589 Republican Party, and people are voting for Trump because he's the Republican 172 00:08:49.589 --> 00:08:51.589 candidate, 173 00:08:51.589 --> 00:08:53.589 if you know what I mean. 174 00:08:53.589 --> 00:08:55.589 Yeah. 175 00:08:55.589 --> 00:08:57.589 People have voted Republican because Trump is the candidate. 176 00:08:57.589 --> 00:08:59.589 You can ask the difference here. 177 00:08:59.589 --> 00:09:01.589 So it is a case of, it's not a Republican victory, it's a Trump victory. 178 00:09:01.589 --> 00:09:05.975 Because he's basically overshadowed the Republican Party to such an extent that, 179 00:09:05.975 --> 00:09:07.975 yes, like in, for instance, Texas, 180 00:09:07.975 --> 00:09:08.016 he won by more than Ted Cruz won by. 181 00:09:08.637 --> 00:09:09.337 Right? 182 00:09:09.557 --> 00:09:12.319 Even though they are both Republicans or whatever. 183 00:09:12.699 --> 00:09:13.599 People were splitting the vote. 184 00:09:13.619 --> 00:09:17.762 I think in North Carolina, people voted for the Democratic governor and voted for 185 00:09:17.762 --> 00:09:19.762 Trump as the... 186 00:09:19.762 --> 00:09:21.762 presidential candidate. 187 00:09:21.762 --> 00:09:22.002 So this is a case, this is a cult of personality. 188 00:09:23.063 --> 00:09:24.224 I don't think, luckily, 189 00:09:24.905 --> 00:09:31.832 that any of his children have the same personality or abilities to run this or do 190 00:09:31.832 --> 00:09:35.456 something like this, except for his daughter, Ivanka Trump, Ivana Trump. 191 00:09:35.456 --> 00:09:36.838 I'm not sure the name is one of the two. 192 00:09:37.278 --> 00:09:38.960 Anyway, I think the daughter might have the ability. 193 00:09:39.360 --> 00:09:40.762 The sons don't seem to have that. 194 00:09:41.046 --> 00:09:42.067 I don't know what the youngest son is. 195 00:09:42.067 --> 00:09:44.549 I'm not going to talk about him because he's a teenager, so it's not obviously 196 00:09:44.549 --> 00:09:44.748 right. 197 00:09:44.748 --> 00:09:49.073 Baron, the really tall one with the Donald mouth. 198 00:09:49.093 --> 00:09:50.934 Yeah, he's got the same mouth. 199 00:09:51.434 --> 00:09:54.477 He's got the mother's look that's fine, yeah. 200 00:09:54.737 --> 00:09:55.437 He's a child. 201 00:09:55.437 --> 00:09:55.998 You can't talk about children. 202 00:09:56.058 --> 00:09:59.401 So, I mean, even though I think he's 18 or something, you can't talk about that. 203 00:09:59.841 --> 00:10:02.243 I think Ivanka, I think it's Ivanka. 204 00:10:02.383 --> 00:10:03.083 Ivanka, yes. 205 00:10:03.124 --> 00:10:05.085 Basically, yeah. 206 00:10:05.085 --> 00:10:07.627 Because the mother's name is Ivana, so it's very confusing. 207 00:10:07.988 --> 00:10:10.830 Anyway, I think she's the only one that seems to have the ability to speak 208 00:10:10.830 --> 00:10:11.250 English. 209 00:10:11.250 --> 00:10:15.638 But she kind of diversed that through her husband, Jared Kushner, who's the one that 210 00:10:15.638 --> 00:10:17.638 took a big step there. 211 00:10:17.638 --> 00:10:19.638 But I want to talk about a couple of things here. 212 00:10:19.638 --> 00:10:21.638 And I don't know if you guys realize this, right? 213 00:10:21.638 --> 00:10:26.115 If you look at JD Vance and who he is, okay, and it's a bit conspiratorial, just 214 00:10:26.115 --> 00:10:28.115 follow me for a second, 215 00:10:28.115 --> 00:10:29.896 but this is something that I talked about before, and I think I mentioned it to you 216 00:10:29.896 --> 00:10:30.036 guys as well. 217 00:10:30.296 --> 00:10:36.478 Okay, given Trump's age and his weight, I saw somebody put a study out there that 218 00:10:36.478 --> 00:10:38.478 the chance of somebody like that, if you had to do like an actuarial thing, 219 00:10:38.478 --> 00:10:39.079 of surviving four years is something like 60-30%. 220 00:10:39.659 --> 00:10:44.821 So there's about a one-third chance something happens to him in the next four 221 00:10:44.821 --> 00:10:46.821 years, given his age and given his BMI. 222 00:10:46.821 --> 00:10:48.821 You understand? 223 00:10:48.821 --> 00:10:50.821 So that means J.D. 224 00:10:50.821 --> 00:10:51.454 Vance has about one in three chance of being the president of the United States 225 00:10:51.454 --> 00:10:53.454 in the next four years. 226 00:10:53.454 --> 00:10:55.454 Well, this is what I saw today. 227 00:10:55.454 --> 00:10:57.454 Sorry to interrupt you. 228 00:10:57.454 --> 00:11:00.997 It said that the one person who clearly dislikes the Republican Party under the 229 00:11:00.997 --> 00:11:02.997 stewardship of 230 00:11:02.997 --> 00:11:04.997 Trump. 231 00:11:04.997 --> 00:11:05.579 He said the only thing that I only reason I really want Trump to live. 232 00:11:05.579 --> 00:11:07.499 And this is not me saying this is what I read. 233 00:11:07.739 --> 00:11:12.040 The only reason I want Trump to live for the next four years is so that J.D. 234 00:11:12.181 --> 00:11:13.441 Vance does not come. 235 00:11:13.905 --> 00:11:16.866 into power because he is far more dangerous than Trump is. 236 00:11:17.126 --> 00:11:19.066 Is that the sort of sentiment you're trying to get across? 237 00:11:19.507 --> 00:11:20.787 Yeah, but it's also important, right? 238 00:11:20.787 --> 00:11:25.708 Because, I mean, Fiddle Teal is the man that created Jerry Vance. 239 00:11:26.909 --> 00:11:28.429 And I say that objectively. 240 00:11:28.789 --> 00:11:34.331 Fiddle Teal is the guy that basically invented Vance when he was in Silicon 241 00:11:34.331 --> 00:11:36.331 Valley, kind of gave him his career, 242 00:11:36.331 --> 00:11:36.431 and then basically gave him his Senate seat. 243 00:11:37.311 --> 00:11:43.293 Because he basically was a guy called, he sponsored two people, Blake Masters and 244 00:11:43.293 --> 00:11:45.293 Jerry Vance, to get in. 245 00:11:45.293 --> 00:11:46.894 to the Senate, and Vance was the one that got through and Blake Marston didn't. 246 00:11:47.675 --> 00:11:52.517 So J.D. Vance holds his entire career, including his political career, to Peter 247 00:11:52.517 --> 00:11:52.837 Thiel. 248 00:11:52.837 --> 00:11:56.878 I don't know if you've seen Palantir share price. 249 00:11:59.820 --> 00:12:01.680 I've seen that thing go up like a rocket ship. 250 00:12:03.401 --> 00:12:04.482 It's Peter Thiel. 251 00:12:05.182 --> 00:12:06.242 Yeah, okay, it's Peter Thiel. 252 00:12:06.782 --> 00:12:12.605 And if something happens to Trump, Peter Thiel is going to basically have control 253 00:12:12.965 --> 00:12:14.866 a very strong link with Vance. 254 00:12:15.166 --> 00:12:17.587 And Keterfield's Palantir does a lot of business with government. 255 00:12:17.967 --> 00:12:20.969 It's one of those, it's almost like a secret CIA kind of company. 256 00:12:21.829 --> 00:12:22.529 Okay. 257 00:12:22.729 --> 00:12:27.171 And especially if you look at what's happening right now with, you know, 258 00:12:27.171 --> 00:12:29.171 Trump's talking about the intelligence system. 259 00:12:29.171 --> 00:12:31.233 He's going to replace the CIA and the FBI basically with like Palantir. 260 00:12:31.253 --> 00:12:31.953 Palantir, yeah. 261 00:12:33.134 --> 00:12:33.834 Exactly. 262 00:12:33.834 --> 00:12:34.514 Okay. 263 00:12:34.514 --> 00:12:36.235 So Keterfield, if you think, okay, this is a territorial. 264 00:12:36.755 --> 00:12:39.056 Let me give you an example as to Keterfield, right? 265 00:12:39.077 --> 00:12:39.777 No. 266 00:12:40.725 --> 00:12:47.428 think of 401k it's a it's an investment thing that you use to invest in the us 267 00:12:47.428 --> 00:12:49.428 right what do you think the limits of 268 00:12:49.428 --> 00:12:54.331 the 401k are it's about twenty thousand dollars okay it used to be uh you know to 269 00:12:54.331 --> 00:12:56.331 this um so it's 270 00:12:56.331 --> 00:13:01.193 irish sorry it's a thousand dollars okay it's this it's this it's this uh small 271 00:13:01.193 --> 00:13:03.193 little kind of uh investment 272 00:13:03.193 --> 00:13:08.316 uh thing you put in uh for you know investing uh money field just long term 273 00:13:08.316 --> 00:13:10.316 yeah okay so you put it put your six thousand 274 00:13:10.316 --> 00:13:12.599 dollars in each time right What do you think Philip Thiel's IRA is worth? 275 00:13:13.440 --> 00:13:16.843 Go on. $6,000 limit. 276 00:13:17.203 --> 00:13:17.904 Oh, yeah, you can put it. 277 00:13:18.284 --> 00:13:19.265 What do you think this thing is worth? 278 00:13:20.266 --> 00:13:22.007 Gosh, Viv, you're the stats man. 279 00:13:22.027 --> 00:13:22.727 You must tell us. 280 00:13:23.649 --> 00:13:24.670 No, no, take a wild guess. 281 00:13:24.930 --> 00:13:30.535 If I give you an investment platform, I give you an investment platform, and 282 00:13:30.535 --> 00:13:32.535 you're the world's best investor, and I say to you, 283 00:13:32.535 --> 00:13:37.381 put $6,000 a year away, and after a couple of decades, what would be the value of 284 00:13:37.381 --> 00:13:39.381 this investment that you put away? 285 00:13:39.381 --> 00:13:41.381 That's a monstrous amount of money. 286 00:13:41.381 --> 00:13:43.381 David, you've got to help me here. 287 00:13:43.381 --> 00:13:44.325 I can't compound fast enough. 288 00:13:44.325 --> 00:13:45.685 How many years? 289 00:13:46.546 --> 00:13:50.668 If I can give you $6,000, right? $72,000 a year, okay. 290 00:13:50.668 --> 00:13:54.550 No, no, $6,000 a year. $6,000 a year and a decade is $60,000. 291 00:13:55.531 --> 00:13:56.231 It's nothing. 292 00:13:56.231 --> 00:14:02.274 So even compounded, it's maybe three, four, five times up. 293 00:14:03.795 --> 00:14:04.495 More $5 billion. 294 00:14:05.736 --> 00:14:06.436 What? 295 00:14:07.477 --> 00:14:08.858 Five billion dollars. 296 00:14:10.619 --> 00:14:12.561 These are real numbers, Viv. 297 00:14:12.561 --> 00:14:13.261 These are real numbers. 298 00:14:14.182 --> 00:14:17.745 Peter Thiel's Roth IRA is worth plus five million dollars. 299 00:14:17.745 --> 00:14:20.347 Back in 2019, it's probably almost double that right now. 300 00:14:20.927 --> 00:14:21.627 Okay. 301 00:14:21.768 --> 00:14:23.069 This man plans in advance. 302 00:14:23.069 --> 00:14:30.014 He basically took the shares and the companies he had basically invested in, 303 00:14:30.014 --> 00:14:32.014 all these kind of like, you know, unlisted companies, and you're buying them at 304 00:14:32.014 --> 00:14:34.014 really cheap prices. 305 00:14:34.014 --> 00:14:34.057 And he's putting his, I don't know if it's Facebook, but he's putting all these 306 00:14:34.057 --> 00:14:36.057 investments into this thing. 307 00:14:36.057 --> 00:14:38.626 And he has a Roth IRA, which in a couple of years time, he's going to retire and 308 00:14:38.626 --> 00:14:40.626 get it tax free. 309 00:14:40.626 --> 00:14:42.626 Because that's how the Roth IRA works. 310 00:14:42.626 --> 00:14:44.626 It's a fixed means of income. 311 00:14:44.626 --> 00:14:46.626 Yeah, the 401k. 312 00:14:46.626 --> 00:14:48.626 What's it? 313 00:14:48.626 --> 00:14:50.626 401. 314 00:14:50.626 --> 00:14:52.626 Yeah. 315 00:14:52.626 --> 00:14:54.626 Yeah. 316 00:14:54.626 --> 00:14:56.626 The Roth IRA. 317 00:14:56.626 --> 00:14:58.626 Okay. 318 00:14:58.626 --> 00:15:00.626 Five billion dollars, right? 319 00:15:00.626 --> 00:15:02.626 This is what this man did. 320 00:15:02.626 --> 00:15:04.626 He once was insulted by a newspaper who published the fact that he was gay. 321 00:15:04.626 --> 00:15:06.626 Okay. 322 00:15:06.626 --> 00:15:08.626 This is a, it's a true thing, right? 323 00:15:08.626 --> 00:15:10.626 And what happened was he decided to take revenge. 324 00:15:10.626 --> 00:15:12.626 He concocted this huge multi-year revenge plot, but it involved Hulk Hogan, the 325 00:15:12.626 --> 00:15:14.626 wrestler, I'm not joking, 326 00:15:14.626 --> 00:15:16.626 okay? 327 00:15:16.626 --> 00:15:18.626 And he bankrupted Gawker. He bankrupted the company, and 328 00:15:18.626 --> 00:15:21.211 I think he basically drove the man that was the journalist you hated to attempt 329 00:15:21.211 --> 00:15:23.211 suicide or something. 330 00:15:23.211 --> 00:15:24.572 It is really like, this guy plans long term. 331 00:15:24.893 --> 00:15:29.635 So what I say to you, that he put in JD Vance as a guy that said it a few years 332 00:15:29.635 --> 00:15:30.015 ago. 333 00:15:31.207 --> 00:15:33.688 Two, three years of planning is nothing to this man. 334 00:15:33.688 --> 00:15:39.189 That explains a lot about J.D.'s stance towards life and to politics and how he's 335 00:15:39.189 --> 00:15:39.289 switched. 336 00:15:39.390 --> 00:15:45.031 I mean, the switch from saying Trump is America's Hitler to being his little 337 00:15:45.031 --> 00:15:47.031 laptop. 338 00:15:47.031 --> 00:15:49.031 I mean, it's extraordinary. 339 00:15:49.031 --> 00:15:50.273 And that's what's so disturbing, that if he does get into power, what is he capable 340 00:15:50.273 --> 00:15:50.392 of? 341 00:15:50.392 --> 00:15:57.014 If he's capable of doing the switch, doing a full 180 on Trump, what can he do if 342 00:15:57.014 --> 00:15:59.014 he's in power? 343 00:15:59.014 --> 00:16:01.014 This is very, very disturbing. 344 00:16:01.014 --> 00:16:03.014 He's younger. 345 00:16:03.014 --> 00:16:05.014 It's significantly smarter. 346 00:16:05.014 --> 00:16:07.014 J.D. 347 00:16:07.014 --> 00:16:09.014 Vance is significantly smarter. 348 00:16:09.014 --> 00:16:11.014 I think you'd have to go back to Obama and Clinton to see comparable people with 349 00:16:11.014 --> 00:16:13.014 brain power in there. 350 00:16:13.014 --> 00:16:15.014 He may even be above that in terms of his raw ability. 351 00:16:15.014 --> 00:16:19.543 If you look at him on the interview shows he did, he was handling hostile interviews 352 00:16:19.543 --> 00:16:21.543 so easily. 353 00:16:21.543 --> 00:16:23.543 He's really clever. 354 00:16:23.543 --> 00:16:25.543 He's really clever. 355 00:16:25.543 --> 00:16:27.543 But like I said, 356 00:16:27.543 --> 00:16:28.571 this is a editorial, I know, but... 357 00:16:29.039 --> 00:16:34.943 Peter Thiel, and what he did with Jenny Vance, looking at his history, this is a 358 00:16:34.943 --> 00:16:36.943 man that was like a chess champion. 359 00:16:36.943 --> 00:16:37.425 He was really fast. 360 00:16:37.425 --> 00:16:38.986 And, by the way, he's a Christian. 361 00:16:39.407 --> 00:16:40.948 Is Thiel, I mean, 362 00:16:41.008 --> 00:16:46.712 is he that power mad that he wants to control these people through them? 363 00:16:46.732 --> 00:16:52.836 You know, is his aim to, you know, to control the American economy? 364 00:16:53.337 --> 00:16:54.517 I'm trying to go further. 365 00:16:54.578 --> 00:16:55.959 Why would one do this? 366 00:16:56.639 --> 00:17:00.202 I mean, he's an enormously wealthy man in his own right. 367 00:17:00.202 --> 00:17:05.207 He's behind very, very successful Silicon Valley companies. 368 00:17:05.607 --> 00:17:08.550 You know, what's the driving force of Peter Thiel? 369 00:17:08.570 --> 00:17:11.893 You know, why would he want to be in that kind of position? 370 00:17:14.336 --> 00:17:15.036 I don't know. 371 00:17:15.176 --> 00:17:16.918 Look, I mean, Peter Thiel is one of the weirder guys. 372 00:17:17.358 --> 00:17:18.559 By the way, he's South African as well, right? 373 00:17:18.599 --> 00:17:22.123 Oh, with the name Thiel, of course, yes. 374 00:17:25.201 --> 00:17:31.966 t-h-i-e-l i think isn't it yes and so he he's born in germany but he's lived in his 375 00:17:31.966 --> 00:17:33.966 family lived in south africa although also i mean 376 00:17:33.966 --> 00:17:38.510 like no no this is weird if you look at the paypal mafia and kill was part of the 377 00:17:38.510 --> 00:17:40.510 paypal mafia okay again 378 00:17:40.510 --> 00:17:41.893 goes tutorial i'm going to admit that but 379 00:17:41.933 --> 00:17:48.918 what happened was as a party was ending a lot of people sent their money overseas 380 00:17:48.918 --> 00:17:50.918 you know with their young kids and these young kids 381 00:17:50.918 --> 00:17:54.903 go to the us and what are they They're young people, they're outside the culture, 382 00:17:54.903 --> 00:17:56.903 and they have this money that was given to them by their family. 383 00:17:56.903 --> 00:17:58.903 Where do they congregate to? 384 00:17:58.903 --> 00:18:00.903 Silicon Valley, because that's the opportunity. 385 00:18:00.903 --> 00:18:02.903 That's like the crypto of the past, except Israel. 386 00:18:02.903 --> 00:18:06.412 And a lot of the money that you see floating around Silicon Valley was 387 00:18:06.412 --> 00:18:08.412 effectively apartheid exile money. 388 00:18:08.412 --> 00:18:13.198 And so Peter Thiel, David Sachs, is also South African, 389 00:18:13.638 --> 00:18:19.162 Big Shot, Zooling podcast, also a billionaire. 390 00:18:19.903 --> 00:18:21.984 Elon Musk, Rothwater. 391 00:18:23.105 --> 00:18:23.805 Yeah. 392 00:18:23.805 --> 00:18:27.247 Well, Musk, and they also had the PayPal connection, right? 393 00:18:27.267 --> 00:18:28.388 They're all PayPal guys, yeah. 394 00:18:28.648 --> 00:18:30.229 So yeah, these guys all came from here. 395 00:18:30.229 --> 00:18:32.991 And I don't know whether or not it's just a megalomania. 396 00:18:32.991 --> 00:18:33.691 Interesting. 397 00:18:33.691 --> 00:18:35.092 I'm looking up now. 398 00:18:35.092 --> 00:18:35.792 Yeah. 399 00:18:35.792 --> 00:18:36.913 He was also in Namibia. 400 00:18:37.534 --> 00:18:40.735 Yeah, he lived in South Africa and Namibia. 401 00:18:41.836 --> 00:18:42.617 South Africa. 402 00:18:42.617 --> 00:18:44.738 And changed elementary school seven times. 403 00:18:44.738 --> 00:18:46.519 He attended a school in Swakopmund. 404 00:18:46.947 --> 00:18:53.713 that required students to wear uniforms and utilized corporal punishment such as 405 00:18:53.713 --> 00:18:55.713 striking students hands with the ruler 406 00:18:55.713 --> 00:19:01.179 okay i had that as well but i didn't become a multi-brilliant he said this 407 00:19:01.179 --> 00:19:03.179 experience instilled a 408 00:19:03.179 --> 00:19:08.005 distaste for uniformity and regimentation and later reflected in his support 409 00:19:08.005 --> 00:19:10.005 individualism okay 410 00:19:10.005 --> 00:19:14.931 this is fascinating he can't be because he was born in germany yeah yeah and you can 411 00:19:14.931 --> 00:19:14.990 mask by the 412 00:19:14.990 --> 00:19:19.572 way but i mean if you're looking at you know again why are they doing this and 413 00:19:19.572 --> 00:19:19.752 this is 414 00:19:19.752 --> 00:19:21.993 again conspiratorial okay but 415 00:19:22.653 --> 00:19:29.515 please follow me okay i'm going really far out you're going head down on this one viv 416 00:19:29.515 --> 00:19:31.515 okay 417 00:19:31.515 --> 00:19:38.017 what is the one thing that either teal and the inner mask that everybody else seems 418 00:19:38.017 --> 00:19:40.017 to believe in silicon valley at the moment it's ai yeah but 419 00:19:40.017 --> 00:19:43.479 we are entering maybe the next five to ten years where ai is going to disrupt 420 00:19:43.479 --> 00:19:45.479 everything okay 421 00:19:45.479 --> 00:19:50.434 And if you basically, or in the case of Elon Musk, it's space travel, or in the 422 00:19:50.434 --> 00:19:52.434 case of Elon Musk, it is driverless vehicles. 423 00:19:52.434 --> 00:19:54.434 Okay. 424 00:19:54.434 --> 00:19:56.456 And if you basically are going to have, and Elon Musk is in his 50s, 425 00:19:56.456 --> 00:19:59.618 he has maybe 10 to 15 years in his mind of productive life left. 426 00:20:00.518 --> 00:20:06.941 If he is able to control or have strong influence about things like the EPA, about 427 00:20:06.941 --> 00:20:08.941 the SEC, 428 00:20:08.941 --> 00:20:12.143 about, you know, all these little regulatory bodies, which, by the way, I 429 00:20:12.143 --> 00:20:14.143 don't think Trump cares about at all. 430 00:20:14.143 --> 00:20:17.926 I don't think Trump would give a damn about whether or not you changed the water 431 00:20:17.926 --> 00:20:19.926 regulations at SpaceX or not. 432 00:20:19.926 --> 00:20:21.926 But that's a big deal to Elon Musk. 433 00:20:21.926 --> 00:20:22.929 I don't think he'd care about whether or not, you know, where chips come from or 434 00:20:22.929 --> 00:20:23.329 not. 435 00:20:23.329 --> 00:20:24.790 But it matters to Peter Thiel. 436 00:20:25.410 --> 00:20:31.914 I think these guys saw a point in history in which we are going to enter a period of 437 00:20:31.914 --> 00:20:33.914 extra innovation, extra, you know, 438 00:20:33.914 --> 00:20:35.914 uncertainty. 439 00:20:35.914 --> 00:20:40.159 And that if you basically controlled not just the company, but also the levers of 440 00:20:40.159 --> 00:20:42.159 government around it, you could come out of this particular event with, 441 00:20:42.159 --> 00:20:44.159 you know, spectacular power and money. 442 00:20:44.159 --> 00:20:46.801 And I think that is the reasoning that you're seeing the Silicon Valley guys 443 00:20:46.801 --> 00:20:48.801 enter. 444 00:20:48.801 --> 00:20:53.503 As Chukwulu said, this thing at the moment, there's a movement in Silicon 445 00:20:53.503 --> 00:20:55.503 Valley called effective accelerationism that 446 00:20:55.503 --> 00:20:56.084 wants to get technology moving as fast as possible. 447 00:20:57.144 --> 00:21:00.685 Also, maybe it has to do with the fact that people are getting older and they're 448 00:21:00.685 --> 00:21:02.685 thinking mortality comes around. 449 00:21:02.685 --> 00:21:04.466 And before you say I'm going to work this tutorial, have you ever heard of a blood 450 00:21:04.466 --> 00:21:04.766 boy? 451 00:21:05.086 --> 00:21:05.786 No. 452 00:21:06.306 --> 00:21:08.167 Why do you do it, Nats? 453 00:21:08.167 --> 00:21:09.367 I know exactly what he does, but no. 454 00:21:10.048 --> 00:21:10.848 Oh, OK. 455 00:21:13.500 --> 00:21:14.801 I'm not joking about this, right? 456 00:21:15.161 --> 00:21:16.602 This is not crazy good at theories, right? 457 00:21:17.042 --> 00:21:18.223 You know, okay? 458 00:21:19.143 --> 00:21:21.965 It ejects himself with the blood of young people a little longer. 459 00:21:22.065 --> 00:21:22.765 You're kidding, no. 460 00:21:22.765 --> 00:21:23.726 No, I'm not joking. 461 00:21:23.726 --> 00:21:24.746 You're making me worried now. 462 00:21:24.886 --> 00:21:25.586 Seriously. 463 00:21:25.586 --> 00:21:25.967 Google it, okay? 464 00:21:26.167 --> 00:21:30.189 So you see people like this, they're getting older, 465 00:21:30.269 --> 00:21:33.751 they're getting to a point at which they are worrying about mortality and whatnot, 466 00:21:34.192 --> 00:21:39.214 and they see a future in which they do medical science, whatever. 467 00:21:39.434 --> 00:21:40.134 It could be that. 468 00:21:40.134 --> 00:21:42.176 It could be just the fact they want money and power, but... 469 00:21:42.712 --> 00:21:46.713 These guys have spotted a point in history in which technology is changing, the world 470 00:21:46.713 --> 00:21:48.713 is changing, 471 00:21:48.713 --> 00:21:53.135 and if you can get yourself a very strong influence in the US government, okay, at 472 00:21:53.135 --> 00:21:55.135 this point in time, 473 00:21:55.135 --> 00:21:59.317 you basically could control the most powerful technology in the world as it's 474 00:21:59.317 --> 00:21:59.517 created. 475 00:21:59.697 --> 00:22:01.998 And that, I think, is what is pushing these guys at the moment. 476 00:22:02.118 --> 00:22:05.259 You see what I've done? 477 00:22:05.479 --> 00:22:06.359 Let's just stop this now. 478 00:22:06.799 --> 00:22:08.440 I really wish I hadn't mentioned J.D. 479 00:22:08.560 --> 00:22:09.260 Vance. 480 00:22:11.442 --> 00:22:12.323 I'm not joking. 481 00:22:12.323 --> 00:22:13.824 Everything I've said, you can Google and look up. 482 00:22:14.164 --> 00:22:15.465 It sounds crazy. 483 00:22:15.465 --> 00:22:17.447 Okay. 484 00:22:17.487 --> 00:22:18.187 Right. 485 00:22:18.328 --> 00:22:19.189 Calm down, everybody. 486 00:22:19.209 --> 00:22:20.270 You're beyond Trump. 487 00:22:20.390 --> 00:22:21.290 That I can assure you. 488 00:22:21.290 --> 00:22:21.990 No, no. 489 00:22:22.191 --> 00:22:22.891 You're beyond Trump. 490 00:22:22.891 --> 00:22:23.953 Trump is not the person driving this. 491 00:22:23.973 --> 00:22:25.994 Trump would not have an understanding as to why. 492 00:22:26.355 --> 00:22:30.899 They'll come to him and ask him to do things, and he will be concerned about 493 00:22:30.899 --> 00:22:32.899 Israel-Gaza. 494 00:22:32.899 --> 00:22:34.899 He'll be concerned about Ukraine. 495 00:22:34.899 --> 00:22:36.904 He won't understand why this particular regulation about this particular kind of 496 00:22:36.904 --> 00:22:38.904 nuclear power plant. 497 00:22:38.904 --> 00:22:40.466 or the particular relation about, you know, chips and so on, matter. 498 00:22:41.607 --> 00:22:44.009 But Musk and 499 00:22:44.769 --> 00:22:49.012 Thiel and those guys will know that these small changes will give them a huge amount 500 00:22:49.012 --> 00:22:49.192 of power. 501 00:22:49.693 --> 00:22:51.294 And that is what is going to happen in the next couple of years. 502 00:22:51.314 --> 00:22:56.858 And mark my words, Tesla, Palantir are going to benefit from the Trump presidency 503 00:22:56.858 --> 00:22:58.858 like you would not believe. 504 00:22:58.858 --> 00:23:01.801 Talking about benefiting from the Trump presidency, a gentleman last night read 505 00:23:01.801 --> 00:23:03.801 about this time. 506 00:23:03.801 --> 00:23:05.704 I looked at my screen and I saw Tesla was up 15.6%. 507 00:23:06.024 --> 00:23:06.784 or something like that. 508 00:23:06.824 --> 00:23:08.025 David, over to you on this one. 509 00:23:08.025 --> 00:23:14.426 I know you're not a fan of Musk, nor am I, but everyone seems to think that the 510 00:23:14.426 --> 00:23:16.426 reason Musk is in the family photo, 511 00:23:16.426 --> 00:23:19.948 for goodness sake, holding a child, is that he's going to be given benefits 512 00:23:19.948 --> 00:23:21.948 galore, whether it be SpaceX, 513 00:23:21.948 --> 00:23:22.028 whether it be electric vehicles. 514 00:23:22.248 --> 00:23:22.948 I don't know. 515 00:23:22.948 --> 00:23:23.609 Yeah, exactly. 516 00:23:24.529 --> 00:23:25.809 You know, what is he wanted for? 517 00:23:27.270 --> 00:23:28.670 What's a driving force? 518 00:23:28.670 --> 00:23:30.411 You know, why does he want it? 519 00:23:30.631 --> 00:23:32.611 Does he require that much attention? 520 00:23:33.031 --> 00:23:34.952 You know, what is it that he wants to do? 521 00:23:35.544 --> 00:23:41.968 You know, why does he want to cozy up to Trump and be part of this inner circle to 522 00:23:41.968 --> 00:23:43.968 run America? 523 00:23:43.968 --> 00:23:45.968 I mean, you know, I can't understand it. 524 00:23:45.968 --> 00:23:47.968 He's running a business. 525 00:23:47.968 --> 00:23:49.968 He's got enough on his plate. 526 00:23:49.968 --> 00:23:51.968 Make those cars better. 527 00:23:51.968 --> 00:23:53.968 Sell them. 528 00:23:53.968 --> 00:23:55.968 He's got SpaceX, et cetera. 529 00:23:55.968 --> 00:23:57.968 Why involve yourself in politics? 530 00:23:57.968 --> 00:23:59.968 That worries the hell out of me. 531 00:23:59.968 --> 00:24:01.968 Because he's a deeply insecure person and needs constant affirmation. 532 00:24:01.968 --> 00:24:03.968 It's very simple. 533 00:24:03.968 --> 00:24:05.968 It's a classic mail-over compensation. 534 00:24:05.968 --> 00:24:07.968 I suppose this is all part of it. 535 00:24:07.968 --> 00:24:10.883 of this inner core that Trump's going to put together, which is, I think, 536 00:24:10.883 --> 00:24:12.883 incredibly worrying about, you know, 537 00:24:12.883 --> 00:24:15.124 the people that he's actually going to choose to run government and what their 538 00:24:15.124 --> 00:24:17.124 motivation is. 539 00:24:17.124 --> 00:24:19.124 They're playing him. 540 00:24:19.124 --> 00:24:22.087 I've always, you know, and listening to Viv, and for not a second am I going to, 541 00:24:23.708 --> 00:24:26.029 you know, contradict him or disagree with him. 542 00:24:26.429 --> 00:24:32.171 But what concerns me is that where you have these characters in the background, 543 00:24:32.171 --> 00:24:34.171 you know, for me, 544 00:24:34.171 --> 00:24:36.171 government is government. 545 00:24:36.171 --> 00:24:39.204 They're the people who must make sure that the infrastructure is there so that 546 00:24:39.204 --> 00:24:41.204 businesses 547 00:24:41.204 --> 00:24:45.568 can grow, or that if you come in and build a factory that there's going to be 548 00:24:45.568 --> 00:24:47.568 electricity there, 549 00:24:47.568 --> 00:24:48.790 water there, you're in the right area, labor, etc. 550 00:24:49.090 --> 00:24:56.015 They're civil servants or those kind of people that are there who aren't ambitious 551 00:24:56.015 --> 00:24:58.015 in terms 552 00:24:58.015 --> 00:24:59.677 of, not capitalistically ambitious. 553 00:25:00.017 --> 00:25:02.079 They don't want to make huge amounts of money. 554 00:25:02.159 --> 00:25:03.520 They want to serve their country. 555 00:25:03.780 --> 00:25:08.942 You know, you get them in the military, you get them in all over, people who 556 00:25:08.942 --> 00:25:10.942 become mayors, 557 00:25:10.942 --> 00:25:12.484 the people who become governors and so on. 558 00:25:13.084 --> 00:25:14.785 But this sounds completely different. 559 00:25:14.885 --> 00:25:17.106 I mean, this just sounds absolutely awful, 560 00:25:17.466 --> 00:25:22.028 that you want to get into the inner core just so you can increase your power base. 561 00:25:23.928 --> 00:25:25.609 Anyway, it's happened. 562 00:25:25.669 --> 00:25:27.110 It's all settling down a little bit. 563 00:25:27.150 --> 00:25:30.711 I mean, we'll see what unfolds over the next three months, six months, four years. 564 00:25:31.151 --> 00:25:33.093 The good news, though, What's the good news? 565 00:25:33.093 --> 00:25:33.793 It's really good. 566 00:25:34.255 --> 00:25:35.959 The markets are just screaming higher. 567 00:25:36.800 --> 00:25:38.864 And that's kind of given me some kind of relief. 568 00:25:39.566 --> 00:25:40.307 I must say. 569 00:25:40.307 --> 00:25:41.690 It's kind of eased the pain. 570 00:25:44.227 --> 00:25:50.931 you know so from that point we have to talk about a little bit about the jsc 571 00:25:50.931 --> 00:25:52.931 companies anglo gold ashanti came up with an update in the share price 572 00:25:52.931 --> 00:25:57.615 touring world after the resources stocks getting absolutely slaughtered yesterday 573 00:25:57.615 --> 00:25:59.615 there's been a bit of a bounce back today 574 00:25:59.615 --> 00:26:04.819 but david trueworth's i don't know if you had a chance to see it they always come 575 00:26:04.819 --> 00:26:06.819 out late with their updates and their results but i think the growth in revenue 576 00:26:06.819 --> 00:26:08.819 of 2.8 577 00:26:08.819 --> 00:26:09.362 percent you and you're really disappointed because if inflation is whatever it is 578 00:26:09.362 --> 00:26:11.362 four percent 579 00:26:11.362 --> 00:26:13.563 and your revenue is only up 2.8%, something's going wrong there. 580 00:26:14.543 --> 00:26:18.965 Well, the economy is going wrong, which they point out. 581 00:26:19.005 --> 00:26:23.826 They say despite all the optimism in the background about the government and 582 00:26:23.826 --> 00:26:25.826 national unity, 583 00:26:25.826 --> 00:26:27.867 it hasn't translated into anything materialistic, 584 00:26:28.227 --> 00:26:31.348 material for them to build a business on. 585 00:26:31.688 --> 00:26:35.029 So consumer demand is still very low. 586 00:26:35.709 --> 00:26:38.250 In the UK, the same kind of thing is happening with their... 587 00:26:39.530 --> 00:26:42.052 their investment, their office, you know, which sells shoes. 588 00:26:43.393 --> 00:26:47.415 So I think it's just a reflection of, hey, nothing's happening. 589 00:26:47.495 --> 00:26:51.597 You know, we're all partying and we all think things are going to be better, 590 00:26:51.637 --> 00:26:55.339 but nothing's really there for us to get a grip of. 591 00:26:55.359 --> 00:26:58.841 And I think that's going to come through as well in a lot of results. 592 00:26:58.961 --> 00:27:05.264 You know, I don't think it's whatever's happened is translated into optimism is 593 00:27:05.264 --> 00:27:07.264 there and 594 00:27:07.264 --> 00:27:07.946 people feel better, but I don't think it's translated into. 595 00:27:08.538 --> 00:27:15.523 money being spent on anything in any form in that you know we can talk about 596 00:27:15.523 --> 00:27:17.523 electricity improving and so on but i 597 00:27:17.523 --> 00:27:21.867 think read that that's why i'm saying to you lindsey always read results you know 598 00:27:21.867 --> 00:27:23.867 you get a true reflection of what's happening on the ground 599 00:27:23.867 --> 00:27:29.552 phil do you ever think when you talk about it so expansively and enthusiastically and 600 00:27:29.552 --> 00:27:31.552 you keep on kept on saying that it could be 601 00:27:31.552 --> 00:27:36.277 conspiratorial but obviously there's some truth to it do you ever think that when 602 00:27:36.277 --> 00:27:38.277 you look at these characters the musks and the 603 00:27:38.277 --> 00:27:39.947 teals and the Bezos's of this world. 604 00:27:39.967 --> 00:27:45.590 Do you often say, do you know what, I'm going to focus completely on America and 605 00:27:45.590 --> 00:27:47.590 forget about 606 00:27:47.590 --> 00:27:51.833 South Africa apart from paying it some cursory interest for clients that want to 607 00:27:51.833 --> 00:27:52.013 be in it. 608 00:27:52.013 --> 00:27:58.357 Do you think that South Africa is being shunted aside and you have to focus on 609 00:27:58.357 --> 00:27:58.477 where the 610 00:27:58.497 --> 00:28:00.078 action is at, as they say? 611 00:28:00.078 --> 00:28:03.980 I don't think South Africa will be shunted aside for a couple reasons. 612 00:28:04.100 --> 00:28:05.421 Firstly, we remember the BRICS, right? 613 00:28:06.001 --> 00:28:10.824 And I think we, again, this is on the left field, but look at us on the map. 614 00:28:11.524 --> 00:28:18.028 Okay, if you are entering a period of global instability, you definitely want to 615 00:28:18.028 --> 00:28:20.028 be friendly with the country at the bottom of Africa. 616 00:28:20.028 --> 00:28:20.330 You can keep running. 617 00:28:21.730 --> 00:28:27.594 Yeah, because you're basically able to cut off the Atlantic and the Indian Oceans, if 618 00:28:27.594 --> 00:28:27.653 you think about it. 619 00:28:27.653 --> 00:28:30.035 Now, let me tell you something, Viv. 620 00:28:31.016 --> 00:28:34.698 There used to be, there was a movie, which was one of these horror movies. 621 00:28:35.154 --> 00:28:41.978 probably in the 50s and 60s which i can't which was that there was a nuclear bomb 622 00:28:41.978 --> 00:28:43.978 left and the fallout 623 00:28:43.978 --> 00:28:48.842 started to come and the only safe place was down in cape town and everybody fled 624 00:28:48.842 --> 00:28:50.842 down to the west you know down to the southern 625 00:28:50.842 --> 00:28:52.164 cape so so 626 00:28:52.544 --> 00:28:59.068 they've already made the movie of your views yeah i think that it breaks as well 627 00:28:59.068 --> 00:29:01.068 as the future in south africa geographic 628 00:29:01.068 --> 00:29:02.230 especially if something happens in the middle east that closes through at canal 629 00:29:02.730 --> 00:29:09.715 if you're going to ship stuff from china to europe around the cape that's an 630 00:29:09.715 --> 00:29:11.715 important thing i think south africa is important from that point 631 00:29:11.715 --> 00:29:16.680 of view but i do think if you're looking at it internationally i think you are 632 00:29:16.680 --> 00:29:18.680 probably this is my view a global a geopolitical 633 00:29:18.680 --> 00:29:20.964 view from an amateur but i think we're going to see the russia uh situation shut 634 00:29:20.984 --> 00:29:27.909 down very quickly okay uh because i think trump people are right about this is going 635 00:29:27.909 --> 00:29:29.909 to give russia what it wants uh 636 00:29:29.909 --> 00:29:32.511 for the tourist the uh The deal is going to be Russia gets what's left of the 637 00:29:32.511 --> 00:29:32.751 Ukraine, 638 00:29:32.811 --> 00:29:35.833 but Russia kind of stays neutral or moves away from China. 639 00:29:37.294 --> 00:29:38.715 And I think that's the deal he's going to do there. 640 00:29:38.935 --> 00:29:39.875 What about Zelensky? 641 00:29:40.255 --> 00:29:42.117 You haven't mentioned the word Zelensky. 642 00:29:42.137 --> 00:29:44.798 Do you honestly think that the Ukrainian people are going to say, 643 00:29:45.098 --> 00:29:51.502 you illegally invaded our country and you've illegally occupied and taken these 644 00:29:51.502 --> 00:29:53.502 particular territories, 645 00:29:53.502 --> 00:29:55.024 you can have them and we'll go quietly? 646 00:29:55.344 --> 00:29:57.465 I mean, it's an affront to their sovereignty. 647 00:29:57.985 --> 00:29:58.946 I mean, unfortunately. 648 00:29:59.402 --> 00:30:01.644 You know, a front doesn't match with weaponry. 649 00:30:02.064 --> 00:30:02.764 And without the U.S. 650 00:30:02.824 --> 00:30:07.027 weaponry, Europe, unfortunately, for, you know, maybe they're starting up right now, 651 00:30:07.027 --> 00:30:11.790 but it's too late for them to do anything really effective against Russia. 652 00:30:12.291 --> 00:30:18.795 So unless they're going to step up and do that, you know, it's going to be a case of 653 00:30:18.795 --> 00:30:20.795 Trump coming in, saying, you know, 654 00:30:20.795 --> 00:30:21.237 Russia, make a deal with Russia. 655 00:30:21.617 --> 00:30:23.118 It may not even have to be the whole of Ukraine. 656 00:30:23.578 --> 00:30:25.980 It could just be give back some of the territory you've taken. 657 00:30:25.980 --> 00:30:28.542 But I think the main deal he's going to make is going to be around sanctions. 658 00:30:28.946 --> 00:30:31.253 He's going to say, we'll put you back into the fractional system. 659 00:30:31.914 --> 00:30:34.542 We'll put you back into the, you'll be able to sell your oil again. 660 00:30:35.484 --> 00:30:36.487 The sanctions get reduced. 661 00:30:38.226 --> 00:30:43.389 It may be a case that he has to give back parts of Ukraine to make it work, 662 00:30:43.549 --> 00:30:46.010 to show that he's giving up part of the Ukraine, etc. 663 00:30:46.191 --> 00:30:48.552 And the Ukraine doesn't become part of NATO. 664 00:30:49.512 --> 00:30:53.975 I think that's all going to be to basically split China and Russia up. 665 00:30:54.735 --> 00:30:58.157 And I think that is the geopolitical thing that's going to happen. 666 00:30:59.338 --> 00:31:06.022 I do also think that the Russia-Iran connection is probably going to also be 667 00:31:06.022 --> 00:31:08.022 cut as well as part of that deal. 668 00:31:08.022 --> 00:31:08.612 because with Russia and Iran, they do a lot of stuff together. 669 00:31:09.172 --> 00:31:14.216 The Iranian drones are being used in Russia to the Shahid drones in Russia. 670 00:31:14.256 --> 00:31:15.397 I think that's also going to be cut off. 671 00:31:15.397 --> 00:31:16.217 It's going to give Russia the deal. 672 00:31:17.298 --> 00:31:20.220 Neutral on our side will get you back into the system, 673 00:31:20.720 --> 00:31:24.663 but you have to cut off or basically be more cold towards China and towards Iran. 674 00:31:24.663 --> 00:31:26.485 And I think that's a deal they might take. 675 00:31:27.365 --> 00:31:33.670 Interesting if that happens, Viv, because apparently, according to the New York 676 00:31:33.670 --> 00:31:35.670 Times, Elon Musk has been chatting quite frequently. 677 00:31:35.670 --> 00:31:39.913 with our pal Vlad the Destroyer, Vladimir Putin, who's in Sochi at the moment at 678 00:31:39.913 --> 00:31:41.913 some investment conference. 679 00:31:41.913 --> 00:31:45.295 He said to, according to the New York Times, but again, it could be a lot of 680 00:31:45.295 --> 00:31:47.295 fake news, he said, 681 00:31:47.295 --> 00:31:50.017 don't give Taiwan Starlink, and this was during one of their typhoons, because 682 00:31:51.378 --> 00:31:56.700 I don't want President Xi to be annoyed about it, and I've got this alliance with 683 00:31:56.700 --> 00:31:57.140 him, 684 00:31:57.140 --> 00:32:01.442 so if you could please refrain from initiating Starlink in Taiwan. 685 00:32:01.762 --> 00:32:03.482 That's another very disturbing thing. 686 00:32:03.743 --> 00:32:09.544 You've got Musk in the White House, potentially, or having a desk in the White 687 00:32:09.544 --> 00:32:11.544 House, and him talking about Putin. 688 00:32:11.544 --> 00:32:13.544 I don't understand it. 689 00:32:13.544 --> 00:32:14.025 Musk will not have a desk. 690 00:32:14.025 --> 00:32:19.067 He must not have an official position in the White House, because even the US has 691 00:32:19.067 --> 00:32:21.067 things about conflicts of interest. 692 00:32:21.067 --> 00:32:23.067 He'll be much more of an advisor. 693 00:32:23.067 --> 00:32:23.448 So, because... 694 00:32:23.508 --> 00:32:26.009 It was a figurative term, but I know what you mean. 695 00:32:26.089 --> 00:32:26.969 Yes, yeah. 696 00:32:26.969 --> 00:32:27.669 Okay. 697 00:32:27.669 --> 00:32:29.610 So, he'll be much more on things. 698 00:32:30.090 --> 00:32:31.530 There'll be a degree of separation here. 699 00:32:32.011 --> 00:32:35.051 Because an important thing, people like the New York Times mentioned the fact that 700 00:32:35.051 --> 00:32:37.051 he must want it to. 701 00:32:37.051 --> 00:32:40.053 He could get a position in the White House and then sell his assets in Tesla and 702 00:32:40.053 --> 00:32:42.053 SpaceX or whatever tax-free. 703 00:32:42.053 --> 00:32:42.653 Because that's been a deal he's done in the past. 704 00:32:42.653 --> 00:32:44.334 You know what? 705 00:32:44.634 --> 00:32:48.795 Even after tax, even if he spent a billion a day, he's not going to run out of money. 706 00:32:48.795 --> 00:32:49.495 You know, that's bad. 707 00:32:49.495 --> 00:32:54.917 I mean, it's insane. 708 00:32:55.817 --> 00:32:58.038 If you were concerned about money, you would not do what Elon Musk is doing. 709 00:32:58.078 --> 00:32:59.718 Because, you know, it's... 710 00:33:00.818 --> 00:33:02.959 you have to be broken as a person to get that rich. 711 00:33:03.119 --> 00:33:03.819 That's my belief. 712 00:33:04.119 --> 00:33:10.141 If you have a billion dollars, if you have a hundred billion dollars, and you're 713 00:33:10.141 --> 00:33:12.141 working for a living, you're broken as a person. 714 00:33:12.141 --> 00:33:14.141 You have to find something better to do. 715 00:33:14.141 --> 00:33:17.223 But anyway, I think that is going to be a real shakeup in the next, say, six months 716 00:33:17.223 --> 00:33:17.503 or so. 717 00:33:17.503 --> 00:33:21.404 In Ukraine, Russia, I think that's also, 718 00:33:22.484 --> 00:33:29.286 the Chinese are also very scared about this because the stimulus packages the 719 00:33:29.286 --> 00:33:31.286 Chinese were doing were on the idea that, you know, that Trump wasn't going to win. 720 00:33:31.286 --> 00:33:34.171 But if Trump wants to do it, those stimulus packages are going to be much, 721 00:33:34.171 --> 00:33:36.171 much larger because they're going to have a huge backlash. 722 00:33:36.171 --> 00:33:38.171 And here's the other thing. 723 00:33:38.171 --> 00:33:40.653 Speaking of the UK, I saw a study that showed that if Trump's tariff packages 724 00:33:40.653 --> 00:33:42.653 come into play, 725 00:33:42.653 --> 00:33:43.974 the effect of the UK economy will be worse than Brexit. 726 00:33:44.374 --> 00:33:48.895 So Keir Starmer is already, you know, I've just said messages across the country. 727 00:33:49.095 --> 00:33:50.416 He was the first call, actually. 728 00:33:51.016 --> 00:33:52.236 Yeah, exactly. 729 00:33:52.276 --> 00:33:54.217 But he wasn't the handhold. 730 00:33:54.217 --> 00:33:56.117 Anyway, yeah. 731 00:33:56.137 --> 00:33:57.438 And you see BW share price. 732 00:33:58.498 --> 00:33:59.198 OK. 733 00:33:59.614 --> 00:34:06.597 on the day of the Trump announcement, he went down like, I think, you know, 5% or 734 00:34:06.597 --> 00:34:08.597 something on the day. 735 00:34:08.597 --> 00:34:13.560 And I think the European carmakers, European countries, because Trump is 736 00:34:13.560 --> 00:34:15.560 coming with this kind of thing up front, big stick in hand, 737 00:34:15.560 --> 00:34:18.522 are going to try to make extra carefully, you know, it is true, he's right about one 738 00:34:18.522 --> 00:34:18.962 thing. 739 00:34:18.962 --> 00:34:21.043 People think he's crazy and therefore they are afraid of him. 740 00:34:21.143 --> 00:34:25.325 And they will be much more like, you know, meanable to whatever he says than a normal 741 00:34:25.325 --> 00:34:25.505 person. 742 00:34:25.665 --> 00:34:27.766 And the European countries are not going to be as... 743 00:34:28.346 --> 00:34:34.888 as tough against him as you think they would be, considering they're like, you 744 00:34:34.888 --> 00:34:36.888 know, analytical things, because of this tariffs that he's kind of wielding at his 745 00:34:36.888 --> 00:34:38.888 hands. 746 00:34:38.888 --> 00:34:39.629 On that VW note, Viv, they're closing down two factories, which is the first time in 747 00:34:39.629 --> 00:34:39.709 the history. 748 00:34:39.889 --> 00:34:44.311 I mean, I don't know how old VW is, but they're closing down two factories. 749 00:34:44.651 --> 00:34:48.352 And it's a really, it's a very big deal in Germany. 750 00:34:48.352 --> 00:34:52.153 I mean, Germany's in turmoil politically today because of the sacking of the 751 00:34:52.153 --> 00:34:52.273 finance 752 00:34:52.273 --> 00:34:55.734 minister and the coalition breaking up and maybe a snap election next month. 753 00:34:55.754 --> 00:34:56.454 So as... 754 00:34:56.634 --> 00:34:58.035 The latest it will be is March. 755 00:34:58.075 --> 00:35:00.315 But Germany's in turmoil under Schultz. 756 00:35:00.475 --> 00:35:02.196 And anyway, do you know what? 757 00:35:03.777 --> 00:35:06.638 Viv, in particular, is on fire tonight and has exhorted me. 758 00:35:06.638 --> 00:35:10.259 And I think David as well is going to have to go for a lie down at the end of this. 759 00:35:10.639 --> 00:35:12.700 So let's have a look at some prices here. 760 00:35:12.820 --> 00:35:13.520 Dollar Rand is $17.31. 761 00:35:14.881 --> 00:35:18.822 That's a 1.4% move stronger for the Rand. 762 00:35:19.458 --> 00:35:21.739 British pound against the rand 22.50. 763 00:35:21.759 --> 00:35:24.661 Euro rand is 18.72. 764 00:35:24.661 --> 00:35:29.143 Euro dollar is 108.15, which is a euro that has gained 0.6% 765 00:35:30.244 --> 00:35:34.246 after yesterday's post-election currency movements. 766 00:35:34.306 --> 00:35:36.447 British pound won nearly 1.30. 767 00:35:36.447 --> 00:35:38.188 I'm going to call it 1.30. 768 00:35:38.188 --> 00:35:43.531 Gold price, having had a horrible day yesterday, is just below 2,700, 769 00:35:43.591 --> 00:35:45.532 which is up nearly $30 on the day. 770 00:35:46.052 --> 00:35:48.173 Platinum has recovered by 1.25% to $9.98. 771 00:35:49.534 --> 00:35:55.436 And palladium has barely changed at $10.37, the all-important oil price, 772 00:35:56.017 --> 00:36:01.039 which hasn't really done much with Trump. 773 00:36:01.179 --> 00:36:03.880 It's down two-thirds of a percent for Brent crude, $74.43. 774 00:36:05.701 --> 00:36:10.483 And West Texas crude, $71.17, which is down 0.7 percent. 775 00:36:10.543 --> 00:36:12.403 Natural gas down two and three quarters. 776 00:36:13.264 --> 00:36:16.465 Copper having been down 4 percent yesterday, up 4 percent today. 777 00:36:17.545 --> 00:36:18.626 And, yeah. 778 00:36:18.826 --> 00:36:25.652 what else not much s&p 500 can you believe it you know during the financial crisis 779 00:36:25.652 --> 00:36:30.636 2007 2008 the s p went to 666 780 00:36:30.976 --> 00:36:37.882 666 it's now nearly six thousand five thousand nine hundred and eighty eight 781 00:36:37.922 --> 00:36:44.788 for the december futures on the s p what an astonishing recovery it just shows you 782 00:36:44.788 --> 00:36:46.788 just got to buy the dips constantly 783 00:36:46.788 --> 00:36:49.804 on these things the us 10-year treasury bond yield It's recovered its sanity a 784 00:36:49.804 --> 00:36:49.964 little bit, 785 00:36:49.964 --> 00:36:55.369 but with the Trump expansionary talk, the bond yields rose yesterday. 786 00:36:55.549 --> 00:36:58.371 Fear of inflation now 4.36 percent. 787 00:36:58.751 --> 00:37:02.234 The South African 10 year bond yield 9.40 percent. 788 00:37:02.735 --> 00:37:04.976 And Bitcoin also a Trump factor there. 789 00:37:05.337 --> 00:37:09.300 I think this is record high, 75,700 and change. 790 00:37:10.161 --> 00:37:10.861 Something like that. 791 00:37:11.482 --> 00:37:12.182 It could be. 792 00:37:12.603 --> 00:37:14.224 David, please give us the. 793 00:37:14.524 --> 00:37:15.224 Oh, no, no. 794 00:37:15.224 --> 00:37:15.965 Let me give you some. 795 00:37:16.706 --> 00:37:17.767 Some shares on the JSC. 796 00:37:18.007 --> 00:37:21.310 After all, this is a mainly South African podcast. 797 00:37:21.850 --> 00:37:25.614 I have got on the upside, Sappy up 9%. 798 00:37:25.654 --> 00:37:26.354 Look at that. 799 00:37:26.534 --> 00:37:28.976 Implats bouncing back after yesterday's mauling. 800 00:37:29.637 --> 00:37:30.738 5.8% higher. 801 00:37:30.758 --> 00:37:34.341 Anglo-Golda Shanty after its numbers, 5.3% to the good. 802 00:37:34.701 --> 00:37:37.283 And Tungela, 4.25% higher. 803 00:37:37.283 --> 00:37:40.546 Trueworths, we spoke about that, 6.1% weaker. 804 00:37:40.606 --> 00:37:42.928 TFG, another retail. 805 00:37:42.968 --> 00:37:43.969 Equalums, yeah. 806 00:37:44.189 --> 00:37:44.889 Yeah, exactly. 807 00:37:45.238 --> 00:37:51.603 Yeah, TFG down 3.5%, Mr Price following suit down 2.8%, Adcock Ingram down 2.6%, 808 00:37:51.643 --> 00:37:53.724 and Vodacom down 2.1%. 809 00:37:53.724 --> 00:37:55.566 David, any others that you picked up? 810 00:37:55.646 --> 00:37:57.227 Well, a happy story. 811 00:37:57.287 --> 00:37:58.988 They published their quarterly report. 812 00:37:58.988 --> 00:38:05.272 So for the fourth quarter, there was a vast improvement, but they also published 813 00:38:05.272 --> 00:38:07.272 the annual results, which were absolutely awful. 814 00:38:07.272 --> 00:38:10.136 But the market responded to a turnaround in the fourth quarter, and that's why 815 00:38:10.136 --> 00:38:10.236 they're up. 816 00:38:10.456 --> 00:38:12.798 You know, this is notoriously difficult to read. 817 00:38:13.574 --> 00:38:14.575 the paper industry. 818 00:38:14.755 --> 00:38:16.777 It's from one quarter to the other. 819 00:38:16.957 --> 00:38:22.061 I think the only thing that disturbs me in the results is that their debt is on 820 00:38:22.061 --> 00:38:24.061 climbing once more. 821 00:38:24.061 --> 00:38:26.061 It might be seasonal. 822 00:38:26.061 --> 00:38:27.165 But anyway, it's a company I just watch out of interest, never invest in it. 823 00:38:27.646 --> 00:38:29.707 But the other one is that, you know, you mentioned Mr. 824 00:38:29.767 --> 00:38:31.529 Price, Fashini and Fuworth. 825 00:38:31.929 --> 00:38:38.134 I think both of those came down on the back of what Fuworth showed, you know, 826 00:38:38.134 --> 00:38:40.134 that things aren't really picking up. 827 00:38:40.134 --> 00:38:42.134 Okay. 828 00:38:42.134 --> 00:38:42.718 It's one day up, one day down for Platinum and the miners. 829 00:38:43.522 --> 00:38:44.222 All over the place. 830 00:38:44.623 --> 00:38:49.866 David, I'll stay with you because I want you to give us the closing JSC indices and 831 00:38:49.866 --> 00:38:51.866 the value traded, please. 832 00:38:51.866 --> 00:38:55.309 Value traded, again, just before we got on there, 833 00:38:55.389 --> 00:38:57.770 the values traded were around about $12 billion. 834 00:38:58.311 --> 00:39:00.992 But after the auction, it's up to $21 billion. 835 00:39:01.052 --> 00:39:05.595 Just shows you all the balancing that takes place in that closing auction. 836 00:39:05.595 --> 00:39:10.878 So $21 billion, NASPERS, First Rand, Anglo Gold Process, the big traders. 837 00:39:11.438 --> 00:39:14.921 Just on the indices, all share up 0.78%. 838 00:39:14.941 --> 00:39:19.825 That's a bit of a recovery, driven up by a big turnaround in the mining counters. 839 00:39:20.786 --> 00:39:25.770 Resource index up over 3%, with gold and platinum shares leading the way up. 840 00:39:26.951 --> 00:39:29.152 Banks, yeah, the rest of the market pretty flat. 841 00:39:30.654 --> 00:39:32.095 Banks up almost 1%. 842 00:39:32.115 --> 00:39:38.660 But then with the RAND improving, you had AB InBev, British American Tobacco, 843 00:39:38.660 --> 00:39:40.660 NicePurse, 844 00:39:40.660 --> 00:39:40.702 all of those companies coming under British... ... 845 00:39:41.002 --> 00:39:47.987 pressure on translation and so your industrial index was down about a half a 846 00:39:47.987 --> 00:39:49.987 percent mainly on the back of 847 00:39:49.987 --> 00:39:54.832 those companies but overall a big improvement from the trouble we had 848 00:39:54.832 --> 00:39:56.832 yesterday even some of the property stocks 849 00:39:56.832 --> 00:40:00.856 doing pretty well you and david just talk for one minute i've quickly got to get a 850 00:40:00.856 --> 00:40:02.856 book which i want to 851 00:40:02.856 --> 00:40:04.278 read a couple of pages from uh for you so just stay there and 852 00:40:04.319 --> 00:40:09.262 you'll hear my my chair screaming so yeah you have a quick chat now hold on 853 00:40:10.404 --> 00:40:17.258 take me carry on seriously I'm going to read this because if this is for you hold 854 00:40:17.258 --> 00:40:19.258 on go on 855 00:40:19.258 --> 00:40:20.634 talk away bye Yeah. 856 00:40:20.634 --> 00:40:26.319 David, when you mentioned Volkswagen, how old it was, I thought you were making a 857 00:40:26.319 --> 00:40:28.319 joke about the Nazis. 858 00:40:28.319 --> 00:40:31.023 Because they didn't start Volkswagen back in the day, did they? 859 00:40:31.223 --> 00:40:34.486 Oh, no, they, yeah. 860 00:40:34.486 --> 00:40:35.186 You know what happened? 861 00:40:35.907 --> 00:40:39.650 I think the world moved far from that. 862 00:40:39.971 --> 00:40:42.773 I mean, even if you look at Boss, you know, Boss in the old days. 863 00:40:42.773 --> 00:40:43.473 Oh, you were Boss, yeah. 864 00:40:43.734 --> 00:40:44.434 Yeah, maybe. 865 00:40:44.434 --> 00:40:46.176 The uniforms, yeah. 866 00:40:48.277 --> 00:40:50.658 But I think Volkswagen was literally started by the Nazis. 867 00:40:51.039 --> 00:40:51.919 Yeah, yeah. 868 00:40:51.919 --> 00:40:53.760 Well, it was the people's wagon. 869 00:40:54.100 --> 00:40:55.261 You know, the people's car. 870 00:40:55.261 --> 00:40:56.682 I know. 871 00:40:56.962 --> 00:40:59.023 There were a lot of motor vehicles. 872 00:40:59.563 --> 00:41:01.444 I think we've all had a Beetle, haven't we? 873 00:41:01.444 --> 00:41:03.806 For a long period, I must tell you something. 874 00:41:04.506 --> 00:41:10.450 After the war, the Jewish population, a lot of Jews would not drive Mercedes or 875 00:41:10.450 --> 00:41:12.450 BMWs. 876 00:41:12.450 --> 00:41:14.450 Some people to their dying day. 877 00:41:14.450 --> 00:41:16.450 Yeah, yeah. 878 00:41:16.450 --> 00:41:18.450 It was... 879 00:41:18.450 --> 00:41:20.450 Yeah. 880 00:41:20.450 --> 00:41:21.634 because of the association, they wouldn't touch German cars for a long time, you 881 00:41:21.634 --> 00:41:23.634 know, well into the 70s and 80s even. 882 00:41:24.055 --> 00:41:24.755 Okay. 883 00:41:24.755 --> 00:41:26.655 Now, Viv, off to your Peter Thiel. 884 00:41:27.095 --> 00:41:33.857 It wasn't a rant, but you were very enthusiastic about it, and David actually 885 00:41:33.857 --> 00:41:35.857 prompted this by saying, what do you do at night, Viv? 886 00:41:35.857 --> 00:41:35.998 You said that, David, didn't you? 887 00:41:35.998 --> 00:41:37.778 I did say that. 888 00:41:37.778 --> 00:41:38.579 Yes, you did say that. 889 00:41:39.039 --> 00:41:43.880 Now, what I want you to do, Viv, I'm sure David will echo my sentiments, is take 890 00:41:43.880 --> 00:41:45.880 your young child. 891 00:41:45.880 --> 00:41:46.205 and read her a bit more. 892 00:41:46.265 --> 00:41:47.226 Is it a boy or a girl? 893 00:41:47.266 --> 00:41:47.966 I've forgotten. 894 00:41:49.588 --> 00:41:50.288 My daughter. 895 00:41:50.288 --> 00:41:50.948 Okay, your daughter. 896 00:41:51.209 --> 00:41:53.510 Okay, I want you to read her a book. 897 00:41:53.931 --> 00:41:56.172 I want you to get her a few books by Roger Hargreaves. 898 00:41:56.512 --> 00:41:58.514 I've kept mine that I used to read my children. 899 00:41:58.994 --> 00:42:00.455 Yeah, the Mr. 900 00:42:00.475 --> 00:42:02.156 Men books and Little Miss books. 901 00:42:02.617 --> 00:42:03.317 Little Miss Shy. 902 00:42:03.938 --> 00:42:07.260 First page of Little Miss Shy says, Little Miss Shy just couldn't help it. 903 00:42:07.680 --> 00:42:08.681 Being shy, that is. 904 00:42:09.081 --> 00:42:10.882 She was terribly, desperately shy. 905 00:42:11.483 --> 00:42:12.884 She was so shy it hurt. 906 00:42:13.224 --> 00:42:15.025 which is what they call painfully shy. 907 00:42:15.745 --> 00:42:22.389 If at any time at all, anyone at all said anything at all to her, she blushed like a 908 00:42:22.389 --> 00:42:22.429 beetroot. 909 00:42:23.009 --> 00:42:27.852 And she lived all alone in a little house, quite a long way away from where you live. 910 00:42:28.172 --> 00:42:29.053 And so it goes on. 911 00:42:29.313 --> 00:42:32.294 I want you to get a little bit more wholesome in the evenings, Viv. 912 00:42:33.995 --> 00:42:37.337 And stop all this conspiracy stuff. 913 00:42:37.357 --> 00:42:38.217 Read your daughter. 914 00:42:38.378 --> 00:42:39.078 Oblix. 915 00:42:39.078 --> 00:42:40.939 Oh, do you? 916 00:42:40.939 --> 00:42:41.639 Oh, okay. 917 00:42:41.639 --> 00:42:42.340 Just enjoy it. 918 00:42:43.084 --> 00:42:48.887 Yeah, because he has the pictures, you know. 919 00:42:48.887 --> 00:42:49.587 She likes the dog. 920 00:42:49.587 --> 00:42:50.067 Dog gratics. 921 00:42:50.067 --> 00:42:50.468 Yeah. 922 00:42:50.468 --> 00:42:51.208 Okay, gentlemen, thank you very much. 923 00:42:51.228 --> 00:42:52.149 It was a really good chat. 924 00:42:52.189 --> 00:42:58.752 David Shapiro is from Sessom Securities in Johannesburg and Viv Govender from Rennes, 925 00:42:58.752 --> 00:43:00.752 Swiss, in that same city. 926 00:43:00.752 --> 00:43:02.752 And that was the 5 o'clock shadow. 927 00:43:02.752 --> 00:43:07.957 The views and opinions expressed in these podcasts are those of Lindsay Williams and 928 00:43:07.957 --> 00:43:09.957 various contributors and do not reflect the policy, 929 00:43:09.957 --> 00:43:12.500 position or opinion of any other agency, organisation, employer, 930 00:43:12.820 --> 00:43:16.662 or company associated with StrictlyBusinessPodcast.com. 931 00:43:17.122 --> 00:43:24.086 Assumptions made on the analyses are not reflective of the position of any other 932 00:43:24.086 --> 00:43:26.086 entity other than the speaker or the author. 933 00:43:26.086 --> 00:43:30.269 And since we are critically thinking human beings, these views are always subject to 934 00:43:30.269 --> 00:43:32.269 change, revision, 935 00:43:32.269 --> 00:43:32.410 and rethinking at any time. 936 00:43:32.731 --> 00:43:35.132 Please do not hold us to them in perpetuity.