WEBVTT 1 00:00:00.408 --> 00:00:04.549 You're listening to Strictly Business Podcast with Lindsay Williams. 2 00:00:05.450 --> 00:00:12.312 It's Friday, not Thursday, but it's time for the doubleheader dream team edition of 3 00:00:12.312 --> 00:00:14.312 the five o'clock shadow, but it's not the five o'clock shadow. 4 00:00:14.312 --> 00:00:16.312 You get what I mean. 5 00:00:16.312 --> 00:00:18.674 Viv Govender from RAND Swiss, the award winning RAND Swiss is with us, along with, 6 00:00:18.674 --> 00:00:18.753 of course, 7 00:00:18.753 --> 00:00:20.734 David Shapiro from Sassfin Securities. 8 00:00:21.014 --> 00:00:26.736 And by the way, if you want to get into the Sassfin Securities David Shapiro 9 00:00:26.736 --> 00:00:28.736 Crystal Challenge. 10 00:00:28.736 --> 00:00:29.249 Is this your last day to do it, David? 11 00:00:29.329 --> 00:00:30.109 Last business day. 12 00:00:30.290 --> 00:00:32.231 It is the last day to do it, isn't it? 13 00:00:32.232 --> 00:00:32.932 What do we do? 14 00:00:32.932 --> 00:00:33.591 How do we do it? 15 00:00:35.312 --> 00:00:36.333 Just go onto the site. 16 00:00:36.373 --> 00:00:37.213 There is a link. 17 00:00:37.253 --> 00:00:38.134 It's pretty easy. 18 00:00:38.974 --> 00:00:44.017 And even if you miss it or something happens, we always open up. 19 00:00:44.057 --> 00:00:49.680 And we don't want entrance next week, but we're always open-minded. 20 00:00:50.300 --> 00:00:51.821 We're not that strict. 21 00:00:51.901 --> 00:00:53.882 So try and get onto the website. 22 00:00:54.523 --> 00:00:56.564 And, you know... 23 00:00:57.244 --> 00:00:58.965 Look, even on the weekend you can do it. 24 00:00:59.205 --> 00:00:59.905 Okay. 25 00:00:59.905 --> 00:01:01.066 I mean, that's fine, yeah. 26 00:01:01.286 --> 00:01:02.026 Okay, I'm going to do it. 27 00:01:02.166 --> 00:01:03.527 I'm doing it this afternoon. 28 00:01:03.607 --> 00:01:04.387 It's a challenge. 29 00:01:04.388 --> 00:01:07.408 You must do it, yeah, because it's a bit of a challenge. 30 00:01:07.448 --> 00:01:13.731 I mean, when you think that everybody says, oh, it's just choose five stocks, 31 00:01:13.731 --> 00:01:15.731 you say, okay, you've got 10 months. 32 00:01:15.731 --> 00:01:17.731 Where are you now? 33 00:01:17.731 --> 00:01:21.555 And I know we're all going to talk about gold and platinum and everything, and 34 00:01:21.555 --> 00:01:23.555 you're saying, okay, where is this world? 35 00:01:23.555 --> 00:01:24.296 Crazy world, as you said, when we introduced. 36 00:01:25.112 --> 00:01:31.916 the show when we started on the conversation so where are we going to be 37 00:01:31.916 --> 00:01:33.916 10 months time it's not that easy it's not easy at all and viv viv 38 00:01:33.916 --> 00:01:38.180 unfortunately you're barred from joining because you're far too clever no we we 39 00:01:38.180 --> 00:01:40.180 don't bar anybody 40 00:01:40.180 --> 00:01:42.983 he can even come in his daughter's name his wife's name we we're 41 00:01:42.984 --> 00:01:49.827 pretty open about it anyway for your edification david and i spoke on Monday 42 00:01:49.927 --> 00:01:51.308 and I said, I was sort of 43 00:01:52.476 --> 00:01:59.359 I was talking about the much maligned days of when markets opened and then they 44 00:01:59.359 --> 00:02:01.359 closed and then they opened the 45 00:02:01.359 --> 00:02:03.359 next day. 46 00:02:03.359 --> 00:02:05.359 And so what would happen was that there would be a graph. 47 00:02:05.359 --> 00:02:08.783 It would close at eight, nine o'clock at night, Central European time or South 48 00:02:08.783 --> 00:02:10.783 African time. 49 00:02:10.783 --> 00:02:12.783 And then it would open the next day. 50 00:02:12.783 --> 00:02:15.986 And therefore it would sometimes open higher or lower than the close the 51 00:02:15.986 --> 00:02:16.065 previous day. 52 00:02:16.065 --> 00:02:18.467 So there would be a gap on the chart. 53 00:02:18.867 --> 00:02:21.808 And I was looking at the gold price and I saw it. 54 00:02:21.928 --> 00:02:23.109 gapping every day. 55 00:02:23.489 --> 00:02:28.494 Every time I went to bed at half past midnight or whatever, having watched a 56 00:02:28.494 --> 00:02:30.494 football match, 57 00:02:30.494 --> 00:02:35.940 I would see the gold price $100 higher than I remembered when it closed in New 58 00:02:35.940 --> 00:02:37.940 York at 10 o'clock or something like that. 59 00:02:37.940 --> 00:02:43.446 And there was this theory, Viv, of three gaps, the breakaway gap, the runaway gap 60 00:02:43.446 --> 00:02:45.446 and the exhaustion gap. 61 00:02:45.446 --> 00:02:48.230 The third gap being the exhaustion gap, which is people either covering shorts or 62 00:02:48.230 --> 00:02:48.250 getting in. 63 00:02:48.871 --> 00:02:50.192 They were Johnny-come-latelys. 64 00:02:50.508 --> 00:02:56.332 And I saw that this week and on Wednesday night on a podcast with Skulk Lowe, who's 65 00:02:56.332 --> 00:02:58.332 a fine chap, 66 00:02:58.332 --> 00:03:00.375 David's on television with him every Wednesday, I think it is, in the 67 00:03:00.375 --> 00:03:00.435 afternoon. 68 00:03:00.875 --> 00:03:03.797 And I said, this is the top of the gold market. 69 00:03:03.798 --> 00:03:10.422 And he said, you cannot call the top of anything because you'll be criticised and 70 00:03:10.422 --> 00:03:12.422 ridiculed 71 00:03:12.422 --> 00:03:14.422 for calling that top. 72 00:03:14.422 --> 00:03:16.422 But I called the top in gold. 73 00:03:16.422 --> 00:03:18.422 And look what's happened to it now. 74 00:03:18.422 --> 00:03:19.228 Viv, can we start for a change with you with gold? 75 00:03:19.648 --> 00:03:26.430 it telling us something that it's gone from 5,625 on Wednesday 76 00:03:26.510 --> 00:03:32.832 night, Thursday morning, to where it is now pushing to go down back through 5,000, 77 00:03:32.832 --> 00:03:34.832 Viv? 78 00:03:34.832 --> 00:03:35.773 In terms of like the gold price, I think it went a bit ballistic. 79 00:03:35.774 --> 00:03:40.974 I mean, I was looking at the silver price a couple of days ago, also went to like 80 00:03:40.974 --> 00:03:42.974 $120 an ounce. 81 00:03:42.974 --> 00:03:44.974 You know what I mean? 82 00:03:44.974 --> 00:03:46.856 And I think that that was a bit of a over, of course. 83 00:03:47.304 --> 00:03:54.166 uh that move it was it felt like a frenzy it felt like you know people were just 84 00:03:54.166 --> 00:03:56.166 kind of capitulating and maybe shots were closing or 85 00:03:56.166 --> 00:04:01.068 people were just kind of like afraid of missing out on on the rise or whatever it 86 00:04:01.068 --> 00:04:03.068 was yes and uh so i i in fact we did a 87 00:04:03.068 --> 00:04:05.129 uh a trade out which was the gold silver ratio and 88 00:04:05.649 --> 00:04:12.531 uh at that time it was below 45 uh the gold silver ratio uh it's moved you know 89 00:04:12.531 --> 00:04:14.531 well in our favor but not as much as if you can go and shot a 90 00:04:14.531 --> 00:04:16.252 gold or silver of course but we were looking at that and thinking that was a 91 00:04:16.252 --> 00:04:16.573 bit off. 92 00:04:16.852 --> 00:04:19.254 Now, in terms of the gold price, is this the end of it? 93 00:04:19.314 --> 00:04:20.094 I don't think so. 94 00:04:20.234 --> 00:04:26.579 Because once, you know, this year alone, you were talking about it, you know, with 95 00:04:26.579 --> 00:04:28.579 the Federal Reserve, etc., 96 00:04:28.579 --> 00:04:28.900 being in play, the U.S. 97 00:04:28.980 --> 00:04:34.004 government is going to do things to the dollar over the next couple of years that 98 00:04:34.004 --> 00:04:36.004 are probably not going to be great for the dollar. 99 00:04:36.004 --> 00:04:38.787 It's also going to mean that what Trump is also doing into the national relations is 100 00:04:38.787 --> 00:04:40.787 going to mean that, you know, 101 00:04:40.787 --> 00:04:41.769 central banks don't want to be involved in dollars as much. 102 00:04:42.289 --> 00:04:46.372 And quite frankly, there is not that much gold in the world compared to the amount 103 00:04:46.372 --> 00:04:48.372 of dollars out there. 104 00:04:48.372 --> 00:04:49.705 And if you wanted to replace the US dollar with gold as your reserve currency, 105 00:04:50.748 --> 00:04:54.820 the gold price would need to be significantly higher than here for that to 106 00:04:54.820 --> 00:04:55.099 occur. 107 00:04:55.472 --> 00:04:58.833 And I think that is what's probably the longer-term trend happening out there. 108 00:04:59.593 --> 00:05:05.935 At the same time, we also have, and I've talked about this in the past, places like 109 00:05:05.935 --> 00:05:07.935 India, I don't know how much in China, 110 00:05:07.935 --> 00:05:08.476 but India definitely has incredible amounts of gold. 111 00:05:08.477 --> 00:05:12.957 We're talking private citizens in India have, I think, multiple times as much gold 112 00:05:12.957 --> 00:05:14.957 as the US government does. 113 00:05:14.957 --> 00:05:16.578 And as that country grows 7%, 8% a year, 114 00:05:17.278 --> 00:05:23.500 more and more gold is going to be consumed because it's a cultural item that people 115 00:05:23.500 --> 00:05:25.500 want to buy a lot of, you know what I mean? 116 00:05:25.500 --> 00:05:25.781 And so that's also going to be a driver into the future. 117 00:05:26.081 --> 00:05:29.662 So the overall gold price, I think, has still got a way to go eventually. 118 00:05:30.163 --> 00:05:32.604 But in the short term, I just think this rally would be just too strong. 119 00:05:32.724 --> 00:05:36.846 I'll qualify my call on the gold price peaking on Wednesday. 120 00:05:37.766 --> 00:05:40.527 And that was a near-term view. 121 00:05:40.807 --> 00:05:47.350 I think it comes back to 4,000, 3,900, something like that, but then potentially 122 00:05:47.350 --> 00:05:49.350 goes sideways and goes again. 123 00:05:49.350 --> 00:05:51.492 So, yes, fundamentally very good, technically horrendous looking. 124 00:05:51.852 --> 00:05:56.875 David, big tech results came out this week, and I'm going to start with you and 125 00:05:56.875 --> 00:05:58.875 then move on to Viv. 126 00:05:58.875 --> 00:06:02.478 I don't know where you want to start because there were so many, the latest 127 00:06:02.478 --> 00:06:04.478 being Apple, Blockbuster, Blockbuster numbers. 128 00:06:04.478 --> 00:06:05.100 Give me the pick, the best and the worst, please. 129 00:06:06.520 --> 00:06:07.501 I think they're all good. 130 00:06:08.622 --> 00:06:09.322 And I mean it. 131 00:06:09.822 --> 00:06:10.743 You can nitpick. 132 00:06:10.803 --> 00:06:17.046 You know, we can go through line by line and decide which is not going to make it. 133 00:06:17.047 --> 00:06:19.088 Is this the end of Microsoft? 134 00:06:19.128 --> 00:06:25.382 because They're under a bit of pressure and they're not going to make their 135 00:06:25.382 --> 00:06:27.382 returns on investment, 136 00:06:27.382 --> 00:06:29.382 they're overinvesting and so on. 137 00:06:29.382 --> 00:06:29.984 But Lindsay, and 138 00:06:30.964 --> 00:06:37.367 I always tell you I'm an accountant and I like to look at the actual income 139 00:06:37.367 --> 00:06:39.367 statement and balance sheet. 140 00:06:39.367 --> 00:06:40.028 I'm not influenced by what people say around. 141 00:06:40.048 --> 00:06:41.469 I go say, what are the sales? 142 00:06:43.109 --> 00:06:44.410 What are the costs and so on? 143 00:06:44.430 --> 00:06:49.572 And then I go to the bottom line and I see how much cash they're putting on the bank, 144 00:06:49.572 --> 00:06:51.572 the bank. 145 00:06:51.572 --> 00:06:56.806 And yes, analysts will start to look at it and look at what's likely to happen in the 146 00:06:56.806 --> 00:06:58.806 future from these results, 147 00:06:58.806 --> 00:06:59.987 discount them and get to a so-called intrinsic value. 148 00:07:00.287 --> 00:07:06.269 But in terms of the size and riches, these are enormous businesses doing incredibly 149 00:07:06.269 --> 00:07:08.269 well. 150 00:07:08.269 --> 00:07:14.271 What knocked me out was with Google. 151 00:07:15.011 --> 00:07:15.831 Not Google, sorry. 152 00:07:16.231 --> 00:07:16.931 Meta. 153 00:07:16.931 --> 00:07:18.052 You know, when you look at Meta's role. 154 00:07:18.556 --> 00:07:22.018 Meta's numbers, which were absolutely outstanding. 155 00:07:22.599 --> 00:07:29.223 And just identifying where things are going, 156 00:07:29.904 --> 00:07:35.628 where they're taking that company, and the kind of spending that they're making. 157 00:07:35.888 --> 00:07:37.009 They're forward-looking. 158 00:07:37.049 --> 00:07:38.369 He's an energetic person. 159 00:07:38.389 --> 00:07:41.672 So I haven't got all the full details in front of me, 160 00:07:41.892 --> 00:07:46.235 and I can't really quote the numbers offhand because these are big numbers. 161 00:07:46.315 --> 00:07:47.876 But look at Apple. 162 00:07:48.412 --> 00:07:55.398 um up 23 percent uh sales and i'd mention i don't know if it records or you recall 163 00:07:55.398 --> 00:07:57.398 when i came back 164 00:07:57.398 --> 00:08:02.043 from uh new york in october the story about buying a phone for your daughter or 165 00:08:02.043 --> 00:08:04.043 daughter and i told you yes 166 00:08:04.043 --> 00:08:08.188 well for a friend here and i was saying that yeah and i said i couldn't get with 167 00:08:08.188 --> 00:08:10.188 you know there were just 168 00:08:10.188 --> 00:08:13.532 hundreds of people in the uh apple stores you know just buying the 17. 169 00:08:13.964 --> 00:08:20.648 And I said, don't write this off, you know, which has come through in the sales 170 00:08:20.648 --> 00:08:22.648 both in China and India and in the United 171 00:08:22.648 --> 00:08:24.648 States. 172 00:08:24.648 --> 00:08:26.671 But if you look at Microsoft and their Azure, people getting worried, upset. 173 00:08:26.751 --> 00:08:27.451 Why? 174 00:08:27.471 --> 00:08:34.375 Because the growth in Azure, which is their cloud business, grew 39% 175 00:08:34.455 --> 00:08:36.476 and not 40% as last year. 176 00:08:36.816 --> 00:08:43.360 Last year, I said, hold on a sec, you know, that grew 39%. What? 177 00:08:43.800 --> 00:08:45.521 What do you want out of a company? 178 00:08:45.622 --> 00:08:50.786 So, I mean, without getting too emotional, I just think, hold on a sec, take a step 179 00:08:50.786 --> 00:08:50.865 back. 180 00:08:51.326 --> 00:08:55.009 Stop trying to analyze every little bit. 181 00:08:55.029 --> 00:08:59.713 You know, just look at the big picture and where this is all going. 182 00:08:59.793 --> 00:09:01.134 It's not going to be perfect. 183 00:09:01.415 --> 00:09:03.136 You know, it's not going to be in a straight line. 184 00:09:03.137 --> 00:09:04.357 There are going to be hiccups. 185 00:09:04.957 --> 00:09:08.540 But overall, I mean, these businesses are just spewing out cash. 186 00:09:08.721 --> 00:09:12.844 So, I'm not put off by anything that I'm seeing at the moment. 187 00:09:13.084 --> 00:09:19.167 Okay, Viv, are you put off by anything, either from the Magnificent Seven or from 188 00:09:19.167 --> 00:09:21.167 the AI, not pretenders, 189 00:09:21.167 --> 00:09:22.988 but pretenders to their crown of the name Magnificent? 190 00:09:23.008 --> 00:09:26.670 You saw a lot of numbers, and I also want you to focus, if you would, 191 00:09:27.010 --> 00:09:30.351 on the companies that are committing more and more to CapEx. 192 00:09:30.811 --> 00:09:33.672 CapEx, very, very important, not just the numbers. 193 00:09:34.013 --> 00:09:34.753 Over to you, Viv. 194 00:09:34.773 --> 00:09:41.716 uh so basically sandisk uh those companies up dramatically this year i think up 90 195 00:09:41.716 --> 00:09:43.716 and 196 00:09:43.716 --> 00:09:45.302 after in aftermarket trade last night, it is up a bit higher. 197 00:09:46.265 --> 00:09:49.452 This thing is up to doing almost 1,000% or 1,000 plus percent last year. 198 00:09:50.500 --> 00:09:57.302 uh you know um remember the stock uh delisted a few years ago relisted uh uh 199 00:09:57.302 --> 00:09:59.302 basically about a year or so 200 00:09:59.302 --> 00:10:04.184 ago it's up over a thousand something percent last year and about another i said 201 00:10:04.184 --> 00:10:06.184 90 plus percent this year so i think combined it probably is up like you know 202 00:10:06.184 --> 00:10:07.045 i don't even want to know the number at the moment uh but 203 00:10:07.085 --> 00:10:13.666 the interesting one that i saw there was tesla's results but tesla basically is the 204 00:10:13.666 --> 00:10:15.666 world's largest car company and what are they doing 205 00:10:15.666 --> 00:10:20.608 they stop this they're they're moving away from cars they are they are moving their 206 00:10:20.608 --> 00:10:22.608 factories towards robotics Okay, 207 00:10:22.608 --> 00:10:23.529 and that is either two things. 208 00:10:23.609 --> 00:10:30.511 Firstly, it's either, you know, if you take a cynical view, Musk is seeing that 209 00:10:30.511 --> 00:10:32.511 the demand for Teslas is down for, you know, political reasons, 210 00:10:32.511 --> 00:10:32.872 and therefore he wants to give another story out there. 211 00:10:32.873 --> 00:10:38.654 So he says, oh, let's say we're not going to build enough Teslas because, you know, 212 00:10:38.654 --> 00:10:40.654 obviously we can't sell them, but rather just make these robots, 213 00:10:40.654 --> 00:10:41.614 and that's going to give us another few years of, you know, hype and whatever. 214 00:10:42.155 --> 00:10:45.836 Or it's a case of he's seeing that robots are close to fulfilled. 215 00:10:47.016 --> 00:10:52.960 And that means that you want to be the guy out there with the ability to make these 216 00:10:52.960 --> 00:10:54.960 robots in a quantity quickly, 217 00:10:54.960 --> 00:10:55.602 which will give you a head start into the new race. 218 00:10:56.123 --> 00:11:00.906 And the reason I might believe two instead of one, in that he's actually acting 219 00:11:00.906 --> 00:11:02.906 rationally, 220 00:11:02.906 --> 00:11:03.869 is that there's a new video from FIGA. 221 00:11:04.429 --> 00:11:06.290 And FIGA is one of those guys that make robots. 222 00:11:06.291 --> 00:11:09.833 You know, they're more into the design stuff than the actual manufacturing. 223 00:11:10.433 --> 00:11:13.796 But it's a robot basically emptying a dishwasher. 224 00:11:14.432 --> 00:11:21.054 And normally when you find these things doing these things, they have these kind 225 00:11:21.054 --> 00:11:23.054 of either the slow kind of, you know, how you talk about this hyper choreographed 226 00:11:23.054 --> 00:11:25.054 kind of like way of doing it, 227 00:11:25.054 --> 00:11:27.054 or it's teleoperated, which means that some human being is controlling it. 228 00:11:27.054 --> 00:11:28.136 And the CEO of FIGURE says, no, this is entirely autonomous. 229 00:11:28.796 --> 00:11:30.397 Okay, you can watch it yourself. 230 00:11:31.077 --> 00:11:33.337 It's the FIGURE robot emptying a dishwasher. 231 00:11:33.697 --> 00:11:36.238 It looks very, very smooth, very, very quick. 232 00:11:37.058 --> 00:11:42.720 It looks like a slow human, that's true, but a slow human that I'd be happy to have 233 00:11:42.720 --> 00:11:44.720 walking in my kitchen, you know what I mean? 234 00:11:44.720 --> 00:11:46.720 And so that's one thing to look at. 235 00:11:46.720 --> 00:11:50.462 The second thing, I think, you know, I don't know if it's the right point to talk 236 00:11:50.462 --> 00:11:52.462 about this or not, 237 00:11:52.462 --> 00:11:54.462 but have you guys heard of a thing called Claudebot? 238 00:11:54.462 --> 00:11:56.462 No. 239 00:11:56.462 --> 00:12:01.865 Okay, so this is something that's used, it's spelled C-L-A-W-E-D, Claude, like a 240 00:12:01.865 --> 00:12:02.306 claw. 241 00:12:02.306 --> 00:12:02.566 Yeah. 242 00:12:02.765 --> 00:12:05.386 But obviously, it's a play on the word Claude, like, you know, from Anthropic. 243 00:12:06.306 --> 00:12:07.947 I think they renamed it Baldspot recently. 244 00:12:08.387 --> 00:12:12.528 But anyway, it's, if you look at that there, it's a new kind of thing that runs 245 00:12:12.528 --> 00:12:14.528 off these... 246 00:12:14.528 --> 00:12:15.866 famously Apple, but you could run it off any kind of like CPU and stuff. 247 00:12:17.227 --> 00:12:23.092 You, it's almost, what it does, it accesses all your stuff, like your 248 00:12:23.092 --> 00:12:25.092 WhatsApp, your Telegram, your, you know, 249 00:12:25.092 --> 00:12:27.092 your email and all that kind of stuff. 250 00:12:27.092 --> 00:12:28.376 And it uses that when you want to basically work on stuff. 251 00:12:28.857 --> 00:12:29.557 Okay. 252 00:12:29.557 --> 00:12:36.143 Also, we have seen a topic has come out with an AI for Excel, an Excel AI. 253 00:12:36.144 --> 00:12:41.447 Can you imagine, David, how properly integrated Excel AI would be in your life? 254 00:12:41.847 --> 00:12:42.547 Okay. 255 00:12:43.436 --> 00:12:44.977 That's the kind of new stuff coming out at the moment. 256 00:12:45.377 --> 00:12:51.320 And the interesting thing about this that I want to point out, and that's a little 257 00:12:51.320 --> 00:12:53.320 different, is that they've looked at the usage of the CloudBot stuff, 258 00:12:53.320 --> 00:12:58.625 and people are using the higher-end subscriptions for AI and not just playing 259 00:12:58.625 --> 00:13:00.625 around with the free and the low-end 260 00:13:00.625 --> 00:13:02.625 subscriptions. 261 00:13:02.625 --> 00:13:04.625 Because think of what that means. 262 00:13:04.625 --> 00:13:07.870 It means that it's so useful that people are deciding that they want to spend the 263 00:13:07.870 --> 00:13:09.870 $200 a month, not the $20 a month, or get the free version, 264 00:13:09.870 --> 00:13:11.870 in order to get advantage of this thing. 265 00:13:11.870 --> 00:13:13.870 So I think it's a key moment. 266 00:13:13.870 --> 00:13:16.072 in the whole AI race that, you know, I haven't analysed how that's going to 267 00:13:16.072 --> 00:13:18.072 affect things going forward, 268 00:13:18.072 --> 00:13:19.895 but it's interesting that you are seeing that even despite the race, 269 00:13:20.215 --> 00:13:24.859 we have a change that is this dramatic happening that we'd be in a box of things 270 00:13:24.859 --> 00:13:26.859 right now at the moment. 271 00:13:26.859 --> 00:13:29.423 David, before you make your point, I have to ask you, 272 00:13:29.424 --> 00:13:35.168 would you have a robot in your flat in Corlett Drive overlooking the Wanderers 273 00:13:35.168 --> 00:13:37.168 cricket stadium? 274 00:13:37.168 --> 00:13:40.112 Would you, instead of you or your wife emptying the dishwasher, 275 00:13:40.392 --> 00:13:43.033 Would you have this thing coming out of a cupboard and emptying it for you? 276 00:13:43.773 --> 00:13:44.933 Would you feel comfortable with that? 277 00:13:45.934 --> 00:13:47.534 Yeah, I hate the dishwasher. 278 00:13:48.134 --> 00:13:49.875 I hate washing the dishwasher. 279 00:13:50.575 --> 00:13:55.776 No, I'm good with a vacuum cleaner, but there's certain things that I detest, 280 00:13:55.796 --> 00:13:59.377 and that one is putting in and taking out of the dishwasher. 281 00:13:59.497 --> 00:14:00.197 Now, why? 282 00:14:00.197 --> 00:14:02.298 I don't know. 283 00:14:02.318 --> 00:14:04.499 So I've got Linda, who's my robot at the moment. 284 00:14:05.039 --> 00:14:06.579 Shame. 285 00:14:06.859 --> 00:14:07.940 Linda, I know you're listening. 286 00:14:08.460 --> 00:14:09.160 I like you. 287 00:14:10.721 --> 00:14:15.403 And the areas here, you cannot believe how much dust accumulates and things like 288 00:14:15.403 --> 00:14:15.703 that. 289 00:14:16.744 --> 00:14:19.005 It's not the question of what you like and don't like. 290 00:14:19.025 --> 00:14:23.087 I'm asking you, would you be happy with a robot as described by Viv Govender? 291 00:14:23.408 --> 00:14:25.369 Would you be happy with that robot in your house? 292 00:14:26.589 --> 00:14:28.891 Yes, I've got no problems with that. 293 00:14:29.271 --> 00:14:31.132 They have an intruder or whatever it is. 294 00:14:31.152 --> 00:14:36.375 It depends on what it starts to look like because, you know, whatever. 295 00:14:38.456 --> 00:14:39.156 So. 296 00:14:39.236 --> 00:14:40.818 Yeah, I think it's progress. 297 00:14:41.899 --> 00:14:44.702 You know what the point, just listen to what Viv say. 298 00:14:44.882 --> 00:14:45.582 Yes. 299 00:14:46.063 --> 00:14:50.628 And it's so important because we criticize the investment. 300 00:14:51.426 --> 00:14:57.270 And, you know, the amount of money going in, and I'm always critical of that, of 301 00:14:57.270 --> 00:14:57.390 people who, 302 00:14:57.670 --> 00:14:59.752 that's how growth is created. 303 00:15:00.312 --> 00:15:01.193 You know what you're doing? 304 00:15:01.493 --> 00:15:02.674 You're helping scientists. 305 00:15:02.714 --> 00:15:06.517 Yes, they might flop here, flop there, but all of this adds up. 306 00:15:06.877 --> 00:15:09.739 And if we don't make the investment, you never progress. 307 00:15:10.239 --> 00:15:12.000 And come back to South Africa. 308 00:15:12.461 --> 00:15:13.702 There's no investment here. 309 00:15:13.862 --> 00:15:15.463 There is no investment. 310 00:15:15.483 --> 00:15:18.505 There's no investment in anything, in infrastructure, anything. 311 00:15:18.645 --> 00:15:19.806 How can a country grow? 312 00:15:20.066 --> 00:15:27.031 So I don't mind if these businesses keep putting in money and sometimes it's a bit 313 00:15:27.031 --> 00:15:29.031 of a flop and they don't get the exact 314 00:15:29.031 --> 00:15:31.031 return on it. 315 00:15:31.031 --> 00:15:34.816 It would have paid to put it into a seven day account or a 30 day account rather 316 00:15:34.816 --> 00:15:36.816 than putting it into science. 317 00:15:36.816 --> 00:15:37.718 And, you know, from my point of view, 318 00:15:38.378 --> 00:15:42.461 I'm so big on R&D and the eventual benefits that will bring. 319 00:15:42.761 --> 00:15:49.166 And you just have to go back to Amazon and the early days, how we used to then base 320 00:15:49.166 --> 00:15:51.166 poor old... 321 00:15:51.166 --> 00:15:52.524 Jeff Bezos, because he constantly reinvested. 322 00:15:52.864 --> 00:15:58.967 Yes, he might not have had the best returns, whatever it is you can criticize 323 00:15:58.967 --> 00:16:00.967 down the road, but just look, you know, 324 00:16:00.967 --> 00:16:02.969 what he has produced and, and, you know, where these companies are going. 325 00:16:02.989 --> 00:16:07.112 So, you know, I just, I just shake my head. 326 00:16:07.852 --> 00:16:14.135 When you, you know, meta Zuckerberg has wasted money, he's gone into certain 327 00:16:14.135 --> 00:16:16.135 things, but overall, 328 00:16:16.135 --> 00:16:18.135 something will come out of it. 329 00:16:18.135 --> 00:16:18.538 He cuts it when it's not going as he's doing at the moment. 330 00:16:18.818 --> 00:16:20.339 But he will find something else. 331 00:16:20.340 --> 00:16:23.602 He's taking the credit to him and to Musk. 332 00:16:24.082 --> 00:16:25.783 The same thing, going into robots. 333 00:16:25.804 --> 00:16:29.226 So, Lindsay, I find it exciting. 334 00:16:29.266 --> 00:16:30.887 No, you make a very good point, David. 335 00:16:31.328 --> 00:16:32.389 You make a very good point. 336 00:16:32.390 --> 00:16:34.450 I mean, you can spend an awful lot of money. 337 00:16:34.771 --> 00:16:37.713 I mean, if you look at, for example, Kurs Becker, 338 00:16:39.354 --> 00:16:42.517 he went into China once and it was a complete flop. 339 00:16:42.537 --> 00:16:44.018 And then he went in there again. 340 00:16:44.514 --> 00:16:45.915 And it was a huge success. 341 00:16:45.955 --> 00:16:47.476 And we know what the story is from there. 342 00:16:47.516 --> 00:16:48.717 So you just keep on going. 343 00:16:48.957 --> 00:16:50.999 And as you say, there will be some flops. 344 00:16:51.039 --> 00:16:53.941 There will be hundreds of millions, if not billions, wasted. 345 00:16:54.261 --> 00:17:00.345 But the billions that are not wasted turn into eventually trillions, potentially. 346 00:17:00.405 --> 00:17:03.087 So, yes, you do make a very good point indeed. 347 00:17:03.088 --> 00:17:04.208 Do you agree with David, Viv? 348 00:17:04.209 --> 00:17:06.810 Oh, you most certainly. 349 00:17:06.811 --> 00:17:08.691 Look, I mean, we always talk about A. 350 00:17:08.811 --> 00:17:11.093 And I think it could be, you know, wrong. 351 00:17:11.133 --> 00:17:12.734 I don't know if you guys saw this week. 352 00:17:13.210 --> 00:17:18.852 that some scientist in Spain has a theoretical cure for pancreatic cancer. 353 00:17:18.932 --> 00:17:21.712 It's been incredibly successful in mice. 354 00:17:22.793 --> 00:17:23.993 And this is just the kind of stuff. 355 00:17:23.994 --> 00:17:29.594 I mean, R&D is not just about, you know, what you call this, making your product 356 00:17:29.594 --> 00:17:31.594 better or whatever. 357 00:17:31.594 --> 00:17:33.095 It's about making the world better, you know. 358 00:17:33.096 --> 00:17:39.457 You spend an R&D, the local effects are so large and so grand, you don't even know 359 00:17:39.457 --> 00:17:41.457 what the eventual outcome is going to be like. 360 00:17:41.457 --> 00:17:45.663 And I think that, you know, in South Africa, the fact that we're not spending 361 00:17:45.663 --> 00:17:47.663 Despite the fact that we obviously have some, 362 00:17:47.663 --> 00:17:49.663 I see there's something weird about South Africa. 363 00:17:49.663 --> 00:17:51.663 I don't know what it is exactly. 364 00:17:51.663 --> 00:17:54.867 But if you look at how much above our weight we punch, it's quite surprising. 365 00:17:55.028 --> 00:17:55.728 You know what I mean? 366 00:17:55.728 --> 00:17:59.489 Especially in technology, where we've had like first, like the heart transplant or 367 00:17:59.489 --> 00:17:59.890 whatever. 368 00:17:59.890 --> 00:18:00.770 Where's the schooling system? 369 00:18:00.790 --> 00:18:01.490 Where is the weather? 370 00:18:01.530 --> 00:18:02.291 Where is the biltong? 371 00:18:02.331 --> 00:18:03.031 Who knows? 372 00:18:03.411 --> 00:18:09.294 There's something about us that does make a difference in like, you know, how 373 00:18:09.294 --> 00:18:09.434 things... 374 00:18:11.151 --> 00:18:11.852 How we think about the world. 375 00:18:11.853 --> 00:18:17.817 I think it's also the fact that we live in a very diverse country, that you can't 376 00:18:17.817 --> 00:18:19.817 just be a single-minded drone and do your job. 377 00:18:19.817 --> 00:18:21.817 You have to think outside the box sometimes. 378 00:18:21.817 --> 00:18:23.817 And I think that's important. 379 00:18:23.817 --> 00:18:26.264 And so, yeah, I think that we in South Africa are significantly underinvested in 380 00:18:26.264 --> 00:18:28.264 R&D and we are wasting, I think, one of our key assets. 381 00:18:28.264 --> 00:18:28.606 And I don't know if you saw the metric results that came out recently. 382 00:18:29.127 --> 00:18:29.827 No. 383 00:18:29.827 --> 00:18:34.051 And it was 80% in KZN or whatever, not pointing to the fact that, you know, I 384 00:18:34.051 --> 00:18:34.251 think 40% 385 00:18:34.251 --> 00:18:37.694 of the kids that basically start grade one end up getting a qualification. 386 00:18:38.514 --> 00:18:40.236 in grade 12. 387 00:18:40.716 --> 00:18:45.399 So the other kids are kicked out in grade 10 and 11 so that the, I can just say 388 00:18:45.399 --> 00:18:45.900 this, 389 00:18:45.900 --> 00:18:48.522 the idiot bureaucrats can say that they had an 80% pass rate. 390 00:18:48.842 --> 00:18:50.623 Well, that only means 80% of those that wrote passed. 391 00:18:50.963 --> 00:18:56.787 Meanwhile, only less than half of those that actually started in the school 392 00:18:56.787 --> 00:18:58.787 actually wrote the exam. 393 00:18:58.787 --> 00:19:00.787 You know what I mean? 394 00:19:00.787 --> 00:19:02.787 And that is the thing. 395 00:19:02.787 --> 00:19:04.787 We're wasting all this talent. 396 00:19:04.787 --> 00:19:06.787 That is quite a tragedy. 397 00:19:06.787 --> 00:19:08.787 Lindsay, I must tell you something. 398 00:19:08.787 --> 00:19:10.787 You think Viv is clever, okay. 399 00:19:10.787 --> 00:19:12.787 I was looking at Crawford's results. 400 00:19:12.787 --> 00:19:14.434 There are so many Naidus, Govinders and so on there. 401 00:19:14.855 --> 00:19:18.137 He's going to have a lot of competition down the line. 402 00:19:18.157 --> 00:19:20.038 Eight, nine, eleven distinctions. 403 00:19:20.098 --> 00:19:25.360 Yeah, what is it about children in China and children in India, Viv, 404 00:19:25.721 --> 00:19:29.463 that makes them more diligent than people in, for example, the UK? 405 00:19:29.483 --> 00:19:30.623 And let me give you an example. 406 00:19:30.663 --> 00:19:31.904 I've got a friend who's a teacher. 407 00:19:32.384 --> 00:19:36.103 She's one of these teachers that is on A list, 408 00:19:36.223 --> 00:19:43.190 so when someone gets sick or someone goes on holiday or extended leave, whatever it 409 00:19:43.190 --> 00:19:45.190 is, she gets called in to go to the school. 410 00:19:45.190 --> 00:19:49.676 She says she's teaching year eight, as it is in England, year eight pupils, and 411 00:19:49.676 --> 00:19:51.676 she's teaching them history. 412 00:19:51.676 --> 00:19:53.676 And she said, 413 00:19:53.676 --> 00:19:56.763 what is the predominant religion in Southern Ireland? 414 00:19:56.783 --> 00:19:59.266 And the kid put his hand up and said, Scottish. 415 00:20:00.330 --> 00:20:05.935 So the child didn't know what religion was, didn't know the difference between 416 00:20:05.935 --> 00:20:07.935 religion and language, obviously knew absolutely nothing. 417 00:20:07.935 --> 00:20:09.935 And this is year eight. 418 00:20:09.935 --> 00:20:11.601 So there's a huge difference between, for example, European kids, American kids. 419 00:20:11.961 --> 00:20:18.947 And I don't want to be stereotypical here, but Indian or subcontinent children and 420 00:20:18.947 --> 00:20:20.947 Chinese children, they want to learn, 421 00:20:20.947 --> 00:20:22.947 Viv. 422 00:20:22.947 --> 00:20:24.947 They want to work seven days a week, don't they? 423 00:20:24.947 --> 00:20:26.947 Not that. 424 00:20:26.947 --> 00:20:28.947 I think it's also, it would wonder why Jewish kids do so well. 425 00:20:28.947 --> 00:20:30.947 And why, you know, you find, it's because I think... 426 00:20:30.947 --> 00:20:32.947 I'll tell you that afterwards. 427 00:20:32.947 --> 00:20:38.549 I think it's the actual reverence that Jews and Indians give to teachers and to 428 00:20:38.609 --> 00:20:39.309 education. 429 00:20:39.550 --> 00:20:40.250 You know what I mean? 430 00:20:41.131 --> 00:20:47.735 Like, I mean, if you look at the Jewish tradition, it's the guy that studies, you 431 00:20:47.735 --> 00:20:49.735 know, the holy books the best, 432 00:20:49.735 --> 00:20:49.797 has a lot of automatic respect. 433 00:20:49.897 --> 00:20:53.159 I don't know if I'm correct about this, David, but it seems to be like that, yeah. 434 00:20:53.359 --> 00:20:55.861 So if you're a learned person, even if it's not. 435 00:20:55.901 --> 00:20:58.122 a poor person, you're going to learn a person that you admired. 436 00:20:58.483 --> 00:21:05.207 In the Indian culture as well, I mean, there's a saying, it goes basically, it's 437 00:21:05.207 --> 00:21:07.207 a teacher before God. 438 00:21:07.207 --> 00:21:09.207 You know what I mean? 439 00:21:09.207 --> 00:21:11.231 Your teacher is treated with a degree of respect that's insane. 440 00:21:11.732 --> 00:21:14.874 Now, in a way, that's good, because it obviously gets you the good marks. 441 00:21:15.054 --> 00:21:20.197 In a way, that's bad, because the one thing I always point out to the world is 442 00:21:20.197 --> 00:21:22.197 that we always talk about the dumb Americans, right? 443 00:21:22.197 --> 00:21:24.881 But there's something about that craziness in America that... 444 00:21:25.905 --> 00:21:30.068 This misbehaving or disobedience or this old, like, you know, 445 00:21:30.449 --> 00:21:36.394 stupid stubbornness that allows a child to think outside the box and do the things 446 00:21:36.394 --> 00:21:38.394 that they do, you know what I mean? 447 00:21:38.394 --> 00:21:40.394 And I think that's one of the things that I forget as well. 448 00:21:40.394 --> 00:21:41.037 We complain about the fact that our kids don't get the marks or whatever. 449 00:21:41.398 --> 00:21:48.223 But I think that you can't really push just on education as much as you do, 450 00:21:48.223 --> 00:21:50.223 because yes, you'll get the best marks, but you won't get the best kid, 451 00:21:50.223 --> 00:21:52.223 if you know what I mean. 452 00:21:52.223 --> 00:21:52.506 And so I do wonder, like, you need to have some of that, you need to have a mix of 453 00:21:52.506 --> 00:21:52.986 it. 454 00:21:52.986 --> 00:21:55.429 Obviously, the kid needs to study at school, but you need to also have that 455 00:21:55.429 --> 00:21:57.429 certain degree of. 456 00:21:57.429 --> 00:22:02.708 you know uh the crazy kid yeah i was just thinking someone especially with young 457 00:22:02.708 --> 00:22:02.928 boys 458 00:22:02.928 --> 00:22:09.651 nowadays they people put them on richland they put them on all this kind of garbage 459 00:22:09.651 --> 00:22:11.651 because they don't want the kid to be too uh high energy in class 460 00:22:11.651 --> 00:22:16.914 but you look at i mean we've all been like in the real world who are the people that 461 00:22:16.914 --> 00:22:18.914 really make the biggest difference it's these crazy high energy guys you know what 462 00:22:18.914 --> 00:22:20.914 i 463 00:22:20.914 --> 00:22:21.496 mean you'll find some guy that was a terrible student and he owns like 100 464 00:22:21.496 --> 00:22:23.496 picture shops. 465 00:22:23.496 --> 00:22:23.517 Like I know one of our clients is like that. 466 00:22:24.337 --> 00:22:26.058 He owns a bunch of pizza shops. 467 00:22:26.118 --> 00:22:29.380 He's one of the richest guys around. 468 00:22:29.420 --> 00:22:35.023 But it's because of the fact that you have a situation in which you have that energy. 469 00:22:35.363 --> 00:22:36.684 That energy matters more than anything else. 470 00:22:37.044 --> 00:22:40.386 I do it by education, but I do think that the energy, 471 00:22:42.287 --> 00:22:44.829 the misbehaving is something that we must have in this country as well. 472 00:22:45.309 --> 00:22:51.871 David Shapiro was probably a little bit of a cheeky chap when he was in class, but 473 00:22:51.871 --> 00:22:53.871 he's got some stories about Jewish children. 474 00:22:53.871 --> 00:22:54.092 I know you're dying to tell us this story, David. 475 00:22:54.312 --> 00:22:59.593 No, you know what's very, well, first of all, Jewish mothers you don't start with. 476 00:22:59.913 --> 00:23:00.613 Okay. 477 00:23:00.854 --> 00:23:07.115 You know, and they push their kids, you know, it's like the tiger moms. 478 00:23:07.595 --> 00:23:13.717 But there's another very interesting point is that studying the Torah, In other 479 00:23:13.717 --> 00:23:13.817 words, 480 00:23:14.417 --> 00:23:16.058 the holy books, if you study that, 481 00:23:18.259 --> 00:23:21.440 the rabbi is nothing more than a guide or a teacher. 482 00:23:22.240 --> 00:23:25.921 People study it in groups and they learn to debate. 483 00:23:26.781 --> 00:23:30.322 And the whole thing is around debate, debating points that come up. 484 00:23:30.963 --> 00:23:33.563 In other words, you're not told what to do. 485 00:23:33.703 --> 00:23:34.584 You know, you're not told. 486 00:23:34.984 --> 00:23:38.485 You have to interpret it according to commentary and that. 487 00:23:39.161 --> 00:23:44.442 And you go into any yeshiva, you know, or a holy school, whatever you want to call 488 00:23:44.442 --> 00:23:44.802 it, 489 00:23:45.403 --> 00:23:51.184 you'll find people sitting there in groups debating, you know, debating what happens. 490 00:23:51.185 --> 00:23:55.505 And that, if you take that through, it's a very, very good way of learning. 491 00:23:57.206 --> 00:23:59.046 In other words, it's not by rote. 492 00:23:59.487 --> 00:24:00.607 It's not forced upon you. 493 00:24:01.447 --> 00:24:06.428 So it's something that they've tried to emulate or copy in schools. 494 00:24:06.488 --> 00:24:08.489 I don't know with how much success, but it's a. 495 00:24:09.629 --> 00:24:15.393 It's a wonderful play, time or way of studying things. 496 00:24:15.573 --> 00:24:18.835 So it's not the fact that they're studying one particular thing, i.e. 497 00:24:18.836 --> 00:24:19.536 the Torah. 498 00:24:20.636 --> 00:24:27.379 In fact, it can be applied to the rest of their learnings and indeed in later life. 499 00:24:27.600 --> 00:24:29.781 The ability to debate, the ability to... 500 00:24:30.649 --> 00:24:31.349 Yes. 501 00:24:31.349 --> 00:24:32.550 Understand someone else's idea. 502 00:24:32.711 --> 00:24:34.452 And yeah, exactly. 503 00:24:34.512 --> 00:24:39.576 If you're in a group, you question each other's ideas and therefore you have a 504 00:24:39.576 --> 00:24:41.576 greater outlook on life, I would say. 505 00:24:41.576 --> 00:24:43.576 Yes. 506 00:24:43.576 --> 00:24:45.576 OK. 507 00:24:45.576 --> 00:24:47.576 Is that what you're saying? 508 00:24:47.576 --> 00:24:49.576 It's it's it's a different education system. 509 00:24:49.576 --> 00:24:51.576 When I went to school, there were 30 to 40 kids in a class and everyone learned the 510 00:24:51.576 --> 00:24:53.576 same thing. 511 00:24:53.576 --> 00:24:55.576 It was reading, writing arithmetic and that was it. 512 00:24:55.576 --> 00:24:57.028 And you learned the times table and you learned English literature and English 513 00:24:57.028 --> 00:24:59.028 language, et cetera. 514 00:24:59.028 --> 00:25:01.028 And it was all set. 515 00:25:01.028 --> 00:25:03.028 There was no individuality. 516 00:25:03.028 --> 00:25:05.028 We all had to learn the same thing. 517 00:25:05.028 --> 00:25:06.293 Whereas today, I think you have to say little David, little Viv, little Lindsay. 518 00:25:06.353 --> 00:25:07.314 They're very, very different. 519 00:25:07.334 --> 00:25:11.316 They have different outlooks and they have different skills. 520 00:25:11.317 --> 00:25:15.858 So let's put them in this class or this group rather than just all in the same 521 00:25:15.858 --> 00:25:17.858 class. 522 00:25:17.858 --> 00:25:19.180 It has to be individualized, I think, David, as an educator. 523 00:25:19.981 --> 00:25:21.702 Crawford is an example of that. 524 00:25:21.802 --> 00:25:23.242 Maybe, maybe they're progressive. 525 00:25:24.763 --> 00:25:25.463 Very much so. 526 00:25:25.584 --> 00:25:27.685 But I was knocked out by... 527 00:25:28.495 --> 00:25:34.359 They've just come out, I think they write a different exam, and the results came out 528 00:25:34.359 --> 00:25:36.359 this morning, it was in business day, 529 00:25:36.359 --> 00:25:38.101 and I looked along the line there, and I said, Viv, you're in trouble, boy. 530 00:25:39.562 --> 00:25:44.405 You're going to have a lot of youngsters there that are going to come and challenge 531 00:25:44.405 --> 00:25:46.405 you, and so on. 532 00:25:46.405 --> 00:25:51.429 But it's marvellous to see, I mean, that you've got this level of students, you 533 00:25:51.429 --> 00:25:51.889 know, 534 00:25:51.889 --> 00:25:54.291 that these people are coming out with these incredible results. 535 00:25:56.424 --> 00:25:58.445 And we've got the schools that can produce it. 536 00:25:59.586 --> 00:26:00.647 Also, credit to them. 537 00:26:02.128 --> 00:26:03.088 I just want to point something out here. 538 00:26:03.409 --> 00:26:07.972 What David is talking about, what these kids are studying, actually, by looking at 539 00:26:07.972 --> 00:26:09.972 the holy books, they're studying philosophy. 540 00:26:09.972 --> 00:26:11.972 You know what I mean? 541 00:26:11.972 --> 00:26:13.972 That's what they're actually debating. 542 00:26:13.972 --> 00:26:17.018 It always amazed me that if you look at any part in human history until we had 543 00:26:17.018 --> 00:26:19.018 formal schooling like we have right now, 544 00:26:19.018 --> 00:26:20.440 that you would never be considered to be an educated person if you didn't know 545 00:26:20.440 --> 00:26:20.481 about philosophy. 546 00:26:22.882 --> 00:26:24.423 All through thousands of years of human history. 547 00:26:24.847 --> 00:26:27.509 If you were to be an educated person, you had to know philosophy. 548 00:26:28.149 --> 00:26:31.031 How is it that we don't have a philosophy class in school? 549 00:26:31.731 --> 00:26:32.612 How crazy is that? 550 00:26:32.652 --> 00:26:38.916 That the one thing that has always been thought to be, because an educated person 551 00:26:38.916 --> 00:26:40.916 is philosophy, the ability to think, 552 00:26:40.916 --> 00:26:46.341 and yet no school has like as much focus on philosophy as they do on English, 553 00:26:46.341 --> 00:26:48.341 science, math, you know, etc. 554 00:26:48.341 --> 00:26:49.903 It's such a weird kind of dichotomy, isn't it? 555 00:26:50.627 --> 00:26:56.950 It really is, and if you can be bothered and you're on X or whatever it is, 556 00:26:57.510 --> 00:27:02.252 get into a site called Philosophy Quotes, and it sends you something per week, 557 00:27:02.312 --> 00:27:07.555 five quotes per week from modern and historical philosophers. 558 00:27:07.855 --> 00:27:10.876 And I find it actually very illuminating. 559 00:27:11.176 --> 00:27:16.499 And you read something that was written 300 BC or something, and you say, 560 00:27:17.179 --> 00:27:20.361 I can apply this to US politics at the moment. 561 00:27:20.601 --> 00:27:21.321 It is incredible. 562 00:27:21.601 --> 00:27:22.302 I agree with you. 563 00:27:22.782 --> 00:27:28.205 Philosophical quotes to me of philosophical studies are terribly 564 00:27:28.205 --> 00:27:30.205 interesting. 565 00:27:30.205 --> 00:27:34.308 There's a BBC program that goes on at a ridiculous time, like one o'clock in the 566 00:27:34.308 --> 00:27:36.308 morning, about philosophers, and it's from the 567 00:27:36.308 --> 00:27:38.271 1970s, and it's really boring, but goodness me, it's insightful. 568 00:27:39.191 --> 00:27:42.933 Anyway, we're going off a tangent, and this is why the show is so popular. 569 00:27:44.094 --> 00:27:46.375 You've got to go on to the Monty Python. 570 00:27:46.967 --> 00:27:53.569 you know of the philosopher's soccer game and football game now that is a proper 571 00:27:53.569 --> 00:27:55.569 tangent um 572 00:27:55.569 --> 00:28:00.611 david and viv we've got to talk about now the results that came out this week 573 00:28:00.611 --> 00:28:02.611 because one of the main reasons i get you two in is 574 00:28:02.611 --> 00:28:05.572 because of your tech and your ai success and knowledge is is 575 00:28:05.632 --> 00:28:12.614 it a case that we are now getting different companies doing different things 576 00:28:12.614 --> 00:28:14.614 and therefore yielding different results for investors 577 00:28:14.614 --> 00:28:18.897 is there a difference between apple and meta and Tesla and Nvidia, for example, 578 00:28:18.917 --> 00:28:21.578 and you have to be selective now, you can't just buy. 579 00:28:21.639 --> 00:28:25.881 This is a theme that I always bring up in every asset class, but I'm going to bring 580 00:28:25.881 --> 00:28:25.961 it up now, 581 00:28:26.222 --> 00:28:28.743 given the fact that we've had all these results this week. 582 00:28:28.744 --> 00:28:30.224 And I'll start with you, Viv, on this one. 583 00:28:30.525 --> 00:28:34.928 Do you have to be selective with the Viv Govender Rand Swiss portfolio? 584 00:28:37.029 --> 00:28:38.730 Look, I mean, you do better if you were selective. 585 00:28:38.770 --> 00:28:42.353 I mean, if you'd gotten sanded with stuff micron like I did, you'd have done much 586 00:28:42.353 --> 00:28:42.612 better. 587 00:28:42.612 --> 00:28:44.794 But micron alone also did 200 plus percent last year. 588 00:28:44.834 --> 00:28:45.575 So, yeah. 589 00:28:46.255 --> 00:28:51.817 If you buy into the overall sector and don't, you know, just, you know, 590 00:28:52.957 --> 00:28:53.657 even about it. 591 00:28:53.697 --> 00:28:57.198 I mean, David mentioned, I think last week was that ETF Sox, right? 592 00:28:57.978 --> 00:28:59.419 Yes, yes. 593 00:28:59.420 --> 00:29:01.479 Sox ETF has done 100% in the last two years. 594 00:29:02.139 --> 00:29:04.100 You know what I mean? 595 00:29:04.101 --> 00:29:05.820 It is up quite significantly this year as well. 596 00:29:06.601 --> 00:29:13.363 So I do think you can still, because the underlying trend is so strong, you will 597 00:29:13.363 --> 00:29:15.363 get, you know, some benefit from that. 598 00:29:15.363 --> 00:29:17.363 But obviously, you'll do better. 599 00:29:17.363 --> 00:29:22.541 by picking the winners and yes you're right we might be coming to a point right 600 00:29:22.541 --> 00:29:24.541 now where uh the actual real winners are going to be emerging so we're going to 601 00:29:24.541 --> 00:29:26.541 know who is the 602 00:29:26.541 --> 00:29:29.443 amazon or who's the price.coms of this internet of this particular phase of the 603 00:29:29.443 --> 00:29:31.443 of the of the market but that being said like i said sanders 604 00:29:31.443 --> 00:29:36.465 look at sandisk's performance look at the other memory companies have been insane 605 00:29:36.465 --> 00:29:38.465 and with regards to microsoft i still have belief in 606 00:29:38.465 --> 00:29:42.726 microsoft because microsoft has the same benefit that google has or alphabet has i 607 00:29:42.726 --> 00:29:44.726 would suspect that if you 608 00:29:44.726 --> 00:29:46.726 had We had to look at the combined IQ. 609 00:29:46.726 --> 00:29:48.726 of these two organizations. 610 00:29:48.726 --> 00:29:52.771 There's no organization in the world that can come close to either Microsoft or 611 00:29:52.771 --> 00:29:54.771 Google in terms of the pure amount of 612 00:29:54.771 --> 00:29:54.793 brains that they've accumulated over the last couple of decades. 613 00:29:55.233 --> 00:29:58.995 There's so many geniuses just sitting, calculating a salary at Microsoft and at 614 00:29:58.995 --> 00:29:59.276 Google. 615 00:29:59.375 --> 00:30:05.258 And if they get under threat and they have the desire to actually go and focus on 616 00:30:05.258 --> 00:30:07.258 this, there's no way Anthropic can build a better 617 00:30:07.258 --> 00:30:09.881 AI bot for Excel than Microsoft can. 618 00:30:09.921 --> 00:30:10.761 You know what I mean? 619 00:30:11.062 --> 00:30:16.071 There's no way you can have some, you know, to a small company building a better 620 00:30:17.435 --> 00:30:20.807 AI system that's going to communicate with your Gmail than Google can. 621 00:30:21.391 --> 00:30:25.935 I think that these big companies still have an advantage that has not been 622 00:30:25.935 --> 00:30:27.935 replaced yet. 623 00:30:27.935 --> 00:30:28.737 The one thing I've been nervous about is some of the smaller guys out there. 624 00:30:28.738 --> 00:30:35.482 I'm hearing very bad news about OpenAI because apparently they are not quite 625 00:30:35.482 --> 00:30:37.482 catching up with the next 626 00:30:37.482 --> 00:30:39.482 thing. 627 00:30:39.482 --> 00:30:41.482 And they are so dependent on the hype. 628 00:30:41.482 --> 00:30:43.829 Whereas Google and Microsoft can actually go out and get funding from their own 629 00:30:43.829 --> 00:30:45.829 internal sources, OpenAI has to go and raise funds each time. 630 00:30:45.829 --> 00:30:48.853 And if they ever have a period in which they are not considered to be the best 631 00:30:48.853 --> 00:30:50.853 thing around, they're going to have trouble raising the money. 632 00:30:50.853 --> 00:30:52.853 So I think some of these smaller guys might have problems. 633 00:30:52.853 --> 00:30:56.857 But I still think if you're just going to be basically saying buy one or two stocks, 634 00:30:56.857 --> 00:30:58.857 buying an Alphabet is not a bad idea at the moment. 635 00:30:58.857 --> 00:30:59.297 Okay, David, over to you. 636 00:30:59.457 --> 00:31:04.799 Have you chosen one out of the companies that released results as we can say, 637 00:31:05.099 --> 00:31:06.759 I want this one and I don't want this one? 638 00:31:08.240 --> 00:31:12.881 You know, I must tell you, I was impressed by Apple and I haven't been a big Apple 639 00:31:12.881 --> 00:31:12.961 holder. 640 00:31:13.741 --> 00:31:20.383 And, you know, when you see that their sales were up 23%, also services. 641 00:31:20.643 --> 00:31:25.266 Look, they're slowing down on services was up very strongly as well. 642 00:31:25.846 --> 00:31:29.248 And I just think that for me, 643 00:31:29.348 --> 00:31:33.070 it just showed that there's a breakthrough or a turnaround in taste. 644 00:31:33.090 --> 00:31:38.973 The fact that they did well in India, they're well in China as well, you know, 645 00:31:38.973 --> 00:31:40.973 because there's been criticism about that. 646 00:31:40.973 --> 00:31:43.456 Yes, underlying goods are costing a bit more in order to put them all together. 647 00:31:43.996 --> 00:31:49.439 But when I watch my kids, when I watch the people around me. 648 00:31:49.919 --> 00:31:51.480 And this is what's so interesting. 649 00:31:52.061 --> 00:31:54.282 I like to have a big screen in front of me. 650 00:31:54.442 --> 00:31:55.142 That's it. 651 00:31:55.142 --> 00:32:00.466 You know, I like to operate like I'm at Houston Space Center. 652 00:32:02.248 --> 00:32:08.352 But when I look at younger people, 653 00:32:09.192 --> 00:32:10.253 everything is on their phone. 654 00:32:10.653 --> 00:32:11.353 Everything. 655 00:32:11.774 --> 00:32:14.276 And their whole life is dictated. 656 00:32:14.356 --> 00:32:15.356 It's almost a link. 657 00:32:15.717 --> 00:32:17.138 They cannot survive with it. 658 00:32:17.818 --> 00:32:18.699 And so. 659 00:32:19.099 --> 00:32:20.500 I was impressed with that. 660 00:32:20.580 --> 00:32:21.501 I've got to go through it. 661 00:32:21.502 --> 00:32:24.964 I'm sure the shares will be down now because for some other reason. 662 00:32:25.444 --> 00:32:32.290 But the way I'm approaching it is almost, you know, looking at the backbone, which 663 00:32:32.290 --> 00:32:34.290 is ASML, 664 00:32:34.290 --> 00:32:37.474 NVIDIA, Taiwan, Semiconductor, Micron, those kind of companies. 665 00:32:37.895 --> 00:32:39.436 So I still believe in the backbone. 666 00:32:39.456 --> 00:32:45.561 And then, you know, the platforms that are monetizing all of this, you know, cloud, 667 00:32:45.701 --> 00:32:46.482 advertising. 668 00:32:48.199 --> 00:32:51.761 whatever, which is Alphabet, Amazon, Microsoft, Meta. 669 00:32:53.622 --> 00:32:58.445 The one that's eluding me, and this might kill me, 670 00:32:58.685 --> 00:33:01.346 is the software houses. 671 00:33:02.067 --> 00:33:06.229 They've been under huge pressure, ServiceNow, Adobe, Salesforce, and so on. 672 00:33:06.689 --> 00:33:12.152 And I can't believe that you can actually adopt these, put them into your business, 673 00:33:12.252 --> 00:33:15.334 because very few companies have really adopted AI. 674 00:33:15.374 --> 00:33:17.695 I mean, I'm talking across a broad spectrum. 675 00:33:18.275 --> 00:33:20.276 And you're going to need expertise. 676 00:33:20.776 --> 00:33:25.518 And I believe that there's going to be opening for these, but they haven't done 677 00:33:25.518 --> 00:33:27.518 anything up to now. 678 00:33:27.518 --> 00:33:28.299 But I mean, you can go down the chain. 679 00:33:28.319 --> 00:33:33.381 And also, if you listen to the power side of it, 680 00:33:33.742 --> 00:33:35.362 there are massive gaps there as well. 681 00:33:36.043 --> 00:33:42.745 So if I'm going in and constructing a portfolio, it's across all these segments. 682 00:33:43.125 --> 00:33:46.387 And the one thing that, you know, with SanDisk, which is what... 683 00:33:47.231 --> 00:33:48.532 Verve has been talking about. 684 00:33:49.012 --> 00:33:55.636 I mean, no one took this into consideration that you're going to need 685 00:33:55.636 --> 00:33:57.636 memory, which is the Micron side, the Samsung side, 686 00:33:57.636 --> 00:33:59.636 and certainly SanDisk. 687 00:33:59.636 --> 00:34:03.501 SanDisk was, you know, you'd go to a shop and you'd put the little disc into your 688 00:34:03.501 --> 00:34:05.501 camera and you'd 689 00:34:05.501 --> 00:34:07.501 store your pictures on that. 690 00:34:07.501 --> 00:34:09.501 You know, I mean, they're much bigger than that. 691 00:34:09.501 --> 00:34:10.125 But I like to go across the chain. 692 00:34:10.425 --> 00:34:13.367 If I've got to put it together, I want the whole supply chain. 693 00:34:14.435 --> 00:34:15.495 Thank you very much, gentlemen. 694 00:34:15.656 --> 00:34:21.698 I'll leave you on this now because Viv was talking about philosophy and the teaching 695 00:34:21.698 --> 00:34:23.698 of philosophy in schools, 696 00:34:23.698 --> 00:34:24.079 or rather the lack thereof. 697 00:34:24.619 --> 00:34:28.881 Okay, I'll give you from philosophers from philosophers quotes, which I get every 698 00:34:28.881 --> 00:34:29.121 week. 699 00:34:29.521 --> 00:34:32.022 The first quote was as follows, 700 00:34:32.303 --> 00:34:37.805 neither a lofty degree of intelligence nor imagination nor both together go to the 701 00:34:37.805 --> 00:34:39.805 making of genius. 702 00:34:39.805 --> 00:34:41.805 Love, love, love. 703 00:34:41.805 --> 00:34:43.805 That is the soul of genius. 704 00:34:43.805 --> 00:34:47.089 And that came from Wolfgang I'm Amadeus Mozart, 1756 to 1791, 705 00:34:47.090 --> 00:34:48.990 whose birthday it was earlier this week. 706 00:34:49.191 --> 00:34:55.454 And the quote that I'll leave you with, I think this is all aimed at Trump, 707 00:34:55.454 --> 00:34:57.454 actually, in the Trump administration. 708 00:34:57.454 --> 00:34:57.615 Men, be kind to your fellow men. 709 00:34:57.976 --> 00:34:59.096 This is your first duty. 710 00:34:59.536 --> 00:35:01.337 Kind to every age and station. 711 00:35:01.738 --> 00:35:04.619 Kind to all that is not foreign to humanity. 712 00:35:05.100 --> 00:35:08.381 What wisdom can you find that is greater than kindness? 713 00:35:08.402 --> 00:35:10.823 And that was Jean-Jacques Rousseau, 1712. 714 00:35:11.099 --> 00:35:17.983 to 1778 in his book Emile Orr on Education. There you are, gentlemen. 715 00:35:18.183 --> 00:35:22.925 We've been talking about money and this and that, and I will end on money, 716 00:35:22.925 --> 00:35:24.925 actually, because that's my duty. 717 00:35:24.925 --> 00:35:27.368 This looks a little bit like 1987, a sort of mini version. 718 00:35:27.428 --> 00:35:32.350 It started on the Wednesday and Thursday in 1987, October the 19th, and 719 00:35:32.971 --> 00:35:38.674 I think we're getting something like it now, with the gold price down 5.6%, 720 00:35:38.675 --> 00:35:40.915 the silver price down nearly 14%, you 721 00:35:41.111 --> 00:35:48.073 the other stocks getting whacked a bit i won't ask you to comment on on that but 722 00:35:48.073 --> 00:35:50.073 it's got a feeling 723 00:35:50.073 --> 00:35:55.016 about it viv governor is from rand swiss the award-winning rand swiss and david 724 00:35:55.016 --> 00:35:57.016 chapira is from sas and securities and don't forget to 725 00:35:57.016 --> 00:36:01.918 go to the sas and securities website to enter the crystal challenge because i'm 726 00:36:01.918 --> 00:36:03.918 going to be doing that and i'll beat you all 727 00:36:03.918 --> 00:36:08.992 thank you gentlemen The views and opinions expressed in these podcasts are those of 728 00:36:08.992 --> 00:36:10.992 Lindsay Williams and 729 00:36:10.992 --> 00:36:15.494 various contributors and do not reflect the policy, position or opinion of any 730 00:36:15.494 --> 00:36:17.494 other agency, organisation, 731 00:36:17.494 --> 00:36:20.455 employer or company associated with StrictlyBusinessPodcast.com. 732 00:36:20.935 --> 00:36:27.897 Assumptions made on the analyses are not reflective of the position of any other 733 00:36:27.897 --> 00:36:29.897 entity other than the speaker or the author 734 00:36:29.897 --> 00:36:34.079 and since we are critically thinking human beings these views are always subject to 735 00:36:34.079 --> 00:36:36.079 change, revision, 736 00:36:36.079 --> 00:36:36.222 and rethinking at any time. 737 00:36:36.523 --> 00:36:38.927 Please do not hold us to them in perpetuity.