Well, I thought I would do a quick video because this question comes up a lot with my students and actually we're doing this right now In my class, so I thought it'd be a good time to work through some stuff.  I've got a battery here. Let's see. I've got a Resistor we'll call out our baseboard resistor and there's our circuit now say you go to home depot and In the home depot you pick up a heater and it's rated. Let's say this one 2,000 watts At 240 volts Okay, it's common. It's a big one, but it's it's a common Baseboard heater, but let's say that you're not hooking it up to 240 volts Let's say we're gonna hook it up to 208 volts. So let's just change the color So we're gonna actually hook this up to and I know it's a DC circuit But we're dealing with AC when we're dealing with houses. Don't get into that. Let's just talk about the math here Now what I find a lot that happens and this is in my foundation class and then my second year and third year classes are This it's some people automatically want to build a ratio a direct proportion relationship So let me show you Oftentimes when they're doing these questions, they all say okay 240 volts gives me 2,000 watts Therefore 208 volts gives me and gives you this direct proportion But the thing is it's not a direct proportional relationship. You can't go ahead and do that. That doesn't work So the reason why it doesn't work is this little formula here e squared over r equals p this here This e squared throws that whole concept out the window Because if this doubles this doesn't double my power doesn't double if voltage doubles my power quadruple So it's not a direct proportional relationship So you can't go ahead and use something like this and say okay that works So what we're gonna do is we're gonna cut it out. Whoops. Let me just cut that out properly here So they go like this and say bye-bye What we have to do is we have to look at the one thing in this circuit that doesn't change In this unit here So if I went and bought this baseboard heater that is rated to put out 2,000 watts at 240 volts I know that if I mess with the voltage that this is gonna change as well. This goes up This goes up this goes down this goes down the one thing that doesn't change in this circuit is this Let me write this up here. It's your resistance That's the one thing that doesn't change So if the voltage goes up and or down the current goes up or down the power goes up or down That's not a problem, but the resistance is what it is. It's a physical property of the circuit So it doesn't change so when I do these types of questions what I suggest to my students Well, basically a demand of them is to figure out what the resistance of this resistor is and then place it into the new voltage Let me show you what I mean I've got this formula here e squared over r is equal to p right? I'm gonna transpose that to figure out what my r is e squared over p is Equal to r That's just a little bit of transposition So I wouldn't worry too much about how that is if you don't understand how transposition works Make sure you go back and check out the videos on transposition very very important concept to get into your head So we're gonna use that formula first off. So let me just cut this part out here and Move this part up All right, so e squared over p equals r So what we do is we use this here to figure out what the resistance of this base board heater is So we do the calculation here. So that becomes 240 squared over 2000 Equals and we punch in the calculator here showing you how we're doing this all alive and on the fly 240 squared divided by 2000 Equal so this ends up having a resistance of 28 0.8 ohms that's this Resistance of that Heater all right, so we can cut the rest of this out now because we know what this resistance is Let's get rid of all of this oops Delete that out of there. We'll erase this. We know that this has a resistance of 28 0.8 ohms But now we're not putting 240 volts on it We're putting 208 volts on it. So we go back to that formula that we're talking about earlier We know that the formula for power is e squared over r equals p We have our e squared 208 squared Over r which now we know is 28.8 Equals p and in this case we figure out that 208 squared divided by 28.8 equals Basically the power in this one is 15 oh two Point sorry oh two point two Watts and that is how much power is being dissipated across this resistor here When we have it connected to 208 volts there It's not a direct proportion and you see that that makes a big difference because this thing here was Rated at 2,000 watts at 240 volts So we see a big difference there so again whenever we see a question like this where they give you a rating use that rating to work out the resistance and Then use that resistance and plug in the actual voltage that you're using to get the power that easy


Good morning, everybody. Welcome to Wednesday morning, the 23rd of March 2022. I want to make sure everybody can hear me, so make sure you put something in that chat section. Let me know you can hear me. Let me know that you can see me. I've got a monitor off to the side here, and it looks like I'm live on there. I don't know if I can hear me, but let me just check here. Yeah, I think so. I think it is. But you let me know in that chat section there and introduce yourself. Hey, use that chat section. Say hello. Today is going to be a super cool session because I'm going to teach you how to memorize stuff. I mean, instantly memorize stuff. By the time you're done with this training today, you're going to know how to memorize stuff. And I'm going to prove it to you in just a second, but don't forget to subscribe. You got to remember to subscribe, right? Make sure you hit that subscribe button down there and ring the bell. Turn on all bell notifications so you're notified each and every time I go live or if I upload a video. Now, what I'm going to do real quick here to get started, and I want you to use this comment section, the chat section. If you're not watching this live, it will be the comment section. If you are watching it live, it will be the chat section. But use it.  Participate in this. The more you participate, the more successful you will be. I've seen this time and time again for years and years and years. People who participate are more successful. Now, I'm going to read off a list to you real quick. Are you ready for this? I don't want you to write it down. I can promise you by the end of this session today, you're going to be able to spout this list right back to me. It's broccoli, milk, eggs, paper towels, sprinkle candy for the top of a cake, cucumbers, chicken, and Coke. Now, how many of you could read that list back to me right now? You probably would say, well, no, Jay, I can't do that. That would just be too difficult. There's no way. I would have to write it down. I'd have to put it by phone. I'd have to do something. There's no way I'm going to memorize that. But guess what? You are going to memorize that. And by the end of this session today, you're going to be able to read off that entire list to me because I'm going to show you a way that you can memorize stuff. So we've always been told these fallacies. And one of the fallacies is that you have a good memory or you don't have a good memory. Some people will say, well, my gosh, my wife can memorize anything, you know? Or my husband is really good at memorizing numbers or whatever. And it's really not any of that. And I'm going to prove it to you in the session today. And I'm going to show you how you can use these techniques to have an incredible memory.  And I want to go back to the late 80s. The late 80s, I was exposed to a guy and he came into our car dealership that I was running. And he was a memory expert. That's what he posed as, as a memory expert. He became a friend of mine. And here's what he was good at. He could go into a room and he was good at many things. But he could go into a room of 100 people. 100 people, okay? That's a lot of folks. And he could have everybody read off their name or say their name. And he could go back and he could name every single person in the room. He could actually say a number 38's name is X, whatever it is. Number 14's name is this. He could also do the name list backwards. Is that incredible or what? That's pretty incredible. Now I'm going to show you how to do this today. I'm going to show you two different methods. The first method is going to be the easiest. And I'm going to give it to you and you're going to have it. And I will tell you that, you know, memory is like a lot of other things in life. Memory is something you've got to work on. It's like some people will say, well, you know, that guy's really good at basketball. You know, Michael Jordan was really good at basketball. Michael Jordan wasn't good at basketball. Michael Jordan didn't play that well in high school. And I think he got kicked off his team if I remember correctly. But here's what Michael Jordan did. He worked on it. He worked on playing basketball. He became one of the best basketball players of all times because he worked on it. And that's what you kind of have to do with your memory. But once you understand what you need to do, once you understand these tips and tricks and techniques, you can apply this to anything in life. You can memorize numbers. You can memorize lists. Now the list I just gave you, and I want to read it to you one more time because I still think that you'll have a hard time. Listen, I'll read it backwards this time. It's Coke, chicken, cucumbers, sprinkle candy, paper towels, eggs, milk and broccoli. Okay. And some of you may be memorizing some of these items now. But if I sent you to the store right now, I bet if you didn't have some type of technique, you would not be able to get these items. You would not remember all these items. But I'm going to show you how to do it. Now if you would put in that chat box there, let me know if you have a good memory. Let me know if you have a bad memory. Let me know what experience you've had with memory. I want to know that. Now if you're watching it live, obviously you're going to use this chat box. If you're watching it afterwards, after it's been uploaded and it's no longer live, you'll have to use the comment section. But I want you to put any comments in there you want. Say hello to me. If you've got questions about your business, hey, this is an open session. Today I'm going to talk about how you're going to memorize that list. It's eight items on that list in case you don't know. But I'm also willing to answer any questions you have about starting, running and growing online businesses. That's what I've done for years. We've done millions and millions of dollars. I've gone into my website and I see all the millions of dollars that have run through there. And I'm like, wow, how did this all happen? How did it occur? And then I actually, I come back to the fact that I worked really hard. I worked on this stuff. I worked to learn stuff. I worked to do stuff. I'm hiring a new person to do our SEO. And I'll share this quick story with you. And I've talked to a few people. Now understand, I know how to do SEO. I know how to SEO a site. I know how to get good results from a site. I know how to do that, but I don't have time for it. So I need to hire somebody. So I talked to somebody the other day in Columbia. And the guy in Columbia says, I'm going to do a site audit. And I want to make sure, you know, we know what we're doing and everything's lined up and we know what we're going to work on and all that good stuff. And I said, fine, what do you charge for that? And he wanted $700. Now, here's the fact that I know. I know what he was going to do would take at best three or four hours, three or four hours. Okay. At best that's what it was going to take. And I just kind of laughed. And I was like, well, what are you doing extra for that? And he's like, oh, I can tell you, I said, we'll do that. Why don't you send me a list of things? And he sent me a list, which was ridiculous. So I ended up hiring another company. And the other companies said they can do a site audit. I said, great, what do you want to charge? And they said $80. I said $80 seems reasonable. Now that particular person did the site audit. They said they would have it ready for me on Wednesday morning. And guess what? It's Wednesday morning. And do I have the report? Absolutely I do. I do have the report. And was it done properly? Yes, it was done properly. And I'm going to meet with that person today. And that's the one I'm going to hire. But here's the point of the story. You can learn anything. I didn't know what SEO was. I had no idea what SEO was when I started. When I first stumbled on it, I said, oh my God, I want to be on page one of everything. No, just because you know SEO doesn't mean that's going to happen. Paul's got a comment that just popped up here and says, my wife says I don't pay attention or something like that. You know, Paul, there is some truth to that. There is some truth to that. But I can promise you, Paul, and I can promise anybody listening to this right now that by the end of this session today, you are going to be able to memorize those eight items on that grocery list. And I just picked them at random this morning. I got up early and I said, I'm going to make a grocery list. I'm not going to buy these things. I picked things that were so random and so unrelated that it's going to make it even cooler when you memorize these. Let me get another sip here. All right, so let's get into stage one of memory. Memory is not what you think it is. Memory is not taking some data and being able to comprehend it and remember it. That's not what memory is. Memory is entirely different from language. Now, understand that what I just read out to you was language. It was language. It has nothing to do with memory. We talk in words. That's what we do. That's our way of communicating. And sometimes it's very cumbersome. Sometimes words don't really describe things well. But here's the cool thing. We think in pictures. We never think in words. If I were to say lawn, you would see a lawn. You wouldn't see the word lawn. Now, right now you will see the word lawn because I just mentioned it. That it could be a big, bold, gold with shadow hanging out the back of it lawn. You're going to remember that because what I just did right now is I put that picture in your mind. Now, that's what we're going to do with this grocery list this morning. We're going to put pictures in your mind that are going to make you absolutely be able to memorize that list and not forget it. As a matter of fact, I could probably pull you aside a week from now and I could say tell me the grocery list and you'd be able to do it. It's very cool. I taught this for years. I taught this at some of my trainings and I learned it. Okay. So I didn't have a great memory. I learned it from somebody else and I'm sure he learned it from somebody else. And that's kind of how this thing works and you're going to want to learn this and then you're going to want to probably teach somebody else this because you're going to go, oh my God, I can actually do this. I can actually memorize this huge list and I can do it in order if I want to. So let me read the list to you one more time here. I have it on a Word doc. Let me pull it up real quick and I will read the list to you. All right. The list is, and I'm going to read it in a different order this time, paper towel, eggs, milk, broccoli, sprinkle candy, cucumbers, chicken and Coke. Okay. Right now some of you may be memorizing some of this because I've said it three times now. I've said this entire grocery list three times. But here's the cool thing. You don't have to try to memorize this list. I'm going to give you this technique. This technique is amazing. Now I want to go back. I want to go back to the point of what I said and I'm going to have some extra time today. So please, please, please ask me questions. Put input in here. Let me know what you're thinking. Let me know what's going on. Okay. This also helps the distribution of my video.  I didn't ask you for that. All you guys on here right now give me a quick thumbs up and those of you who are watching this after it was uploaded give me a thumbs up too. So I'm going to go through this process with you and I want you to take it slowly. I don't want you to write down anything. If you want to know the list again, you can always start this video from the beginning once it's uploaded and you can get the list again. I am sporting my Tesla shirt today. Does everybody like my Tesla shirt? I bought this Tesla shirt not long after I put a deposit on the Tesla truck. And I still do not have my truck. Okay. So they're working on that. They're working on that truck, but actually they're working on the factory. The factory is here in Austin. Let me give you a sip real quick. At least you think I'm drinking anything else. It's just tea. I'm having some tea in the morning. Some chai tea from HEB. It's okay. It's not the best, but you know, I'm one of those people where if I buy a whole box of tea, I've got to go through all of it. I can't throw it away. Can't do it. Unless it was just horrendous, I can't throw it away. So let's get back to this picture thing in words and memory. When I used to run car dealerships, I used to train the salespeople. I would say you're going to have to get them to take possession of this car mentally before they take possession of it physically. Okay. Let me say that one more time. A person has to mentally take possession of a car before they physically take possession of a car or before they financially take possession of a car. And we have little techniques. We would ask a customer, we would say, hey, when you get your new, whatever it is, let's say it's a, what do we want to make it? We're going to make it a Honda Pilot. When you get your new Honda Pilot, do you have a garage at your house? And they're going to answer that yes or no. Okay. If they answer it, yes, it was very helpful. And here's why. Because I would next ask them, I would say, well, are you going to park your car in the garage? Are you going to park it outside your house somewhere? Now, if they looked up like this and they started looking up, I knew one thing. I knew one thing. Their garage was messy. It was very messy because what they were doing is picturing the inside of the garage. Now, after that, they may say, hey, I'm going to park it on the inside and they're thinking about, I'm going to have to clear out the garage. But what I've made them do by doing that is they pictured that car in their garage. I implanted a picture in their mind. Okay. So if I could get that car in their garage, that was one step. That was one step. Now, the next step was I had to get them to take possession of that car on a daily basis. And I would say, are you going to drive your car to and from work every day? And they would answer it yes or no. And when they said yes or no, I would say, what route do you take? And they would say, well, I generally will take the main highway. I'll go through downtown, blah, blah, blah. And they would walk me through where they go and guess what I made them do? I made them see themselves in that vehicle driving to work, going through downtown, going through Main Street. And then I would ask them, are you going to take your vehicle on vacations? You know, you got two small kids here. Where are you going to have them sit? So what we did is we did these stages of mental ownership. One after another after another. So when it came down to financial ownership, that wasn't so difficult. Excuse me. I'm going to sneeze it. It didn't mean to do that. So it was a whole lot easier. I got another comment here. Let me see here what we got. Paul says, could definitely see how this could be helpful and help you with networking at events and remembering people's names and information. Yes. And you know, I could actually talk about this memory thing for hours. I'm just going to give you one trick. And we're going to walk you all the way through that one trick so you're going to memorize this grocery list. But I'm going to give you an added one that you can use. You'll need to practice on your own. But my goodness, they will work so well. So let's get back to that grocery list. Let's go ahead and pull up that grocery list here. And I know what it is, but I want you guys to think about it. Now, the first thing on the grocery list is going to be broccoli. Broccoli, broccoli, broccoli. Can you picture broccoli right now? Can you see broccoli? Now, if I were to tell you to picture broccoli, you may memorize it and you may be able to get it at the grocery store. But I've got to make it absurd, absurd. That's the trick to this memorization thing is absurdity. So what I want you to see right now is a huge, huge broccoli tree. It's a tree now.  Now, at this point, if I don't add anything else to this list, you're probably going to remember broccoli.  Yeah, okay, I got to get broccoli. So the next item on our list, let's see here, Paul's got a comment. Let me pull him up here. Oh, I'm on the wrong page here. It's the right page here. I got all kinds of stuff on my screen guys. So bear with me, bear with me. There we go. There we go. Yes, he says, by the way, Tesla shirt is cool. Like how Elon is diversified into other businesses. Oh my God, can you imagine what's going on in his mind every day? And he can remember things. Okay, so the next thing on my list is milk. So I've got this huge broccoli tree and guess what it is planted in? It's planted into an ocean of milk. The milk has huge waves that are going up and down and they're flooding back and forth and right in the center of it, growing out of this huge ocean is this big broccoli tree. Now at this point, do you believe you can remember milk and broccoli at the grocery store? And you're going to say, yeah, I probably could because that's weird JR. That's just weird. The weirder we make this, the better off we are. Right now, we pretty much are guaranteed. We're going to remember broccoli in the ocean of milk that it is stuck into and all these waves are splashing all around of all this milk. Okay, you see the milk? You see the broccoli tree? Sure you do. So that part's pretty easy. Now we've got two items on our list that we almost for sure are going to memorize, right? Now we need to get eggs. Now eggs are breakable. Eggs are breakable. Now between the front of that tree and that big ocean of milk, there's a bridge going over to the broccoli tree and that bridge is made with a whole bunch of broken egg shells. You got to walk on broken egg shells. Have you ever heard of this thing? I feel like I'm walking on egg shells with you. So you're walking on these broken egg shells across this ocean of milk that's sloshing around to get to this huge broccoli tree. Do you feel at this point you could memorize broccoli, milk, and eggs? Odds are you probably could. Let me get another sip. What's your weather like? Nobody told me what their weather was like today. Stick with what your weather is like in that chat section there. We have had, oh my gosh, some horrendous storms here in Texas and where we live, they had tornadoes touched down in a huge storm and it was actually four blocks from my house. Four blocks from my house was a horrendous storm and we barely got a sprinkle. Very, very lucky. Let's get on to the next item here. The next item is paper towels. Now, here's the problem. That huge tree of broccoli that is sitting in that ocean of milk that's sloshing around is going to actually sink if we don't put a moat around it. So the moat around the broccoli tree is going to be paper towels, rolls of paper towels. Some of the paper towels are very absorbent and they absorb some of that milk. Some of them are staying dry but they're all piled up around that tree. So we've got a broccoli tree, a huge broccoli tree. I know this is crazy, right? This is crazy stuff, guys. And it is sitting in this ocean of milk that is sloshing all around and big waves and all that. And over to the broccoli is a bridge of eggshells, okay, because we need eggs. And around the tree are paper towels that surround the tree and protect the tree from this huge ocean of milk. Now, at this point, at this point, do you think, do you think you have the ability to memorize eggs and paper towel and broccoli and milk? Do you think that's possible? I think it is. And keep putting your comments in there. You're doing good, Paul.  But put your comments in there and let me know what you're thinking of this, okay? So we've got this huge broccoli tree and I keep saying it because I want you to learn it. This huge broccoli tree, much bigger than most trees in your yard, sitting in this huge ocean of milk that's sloshing all around, okay? And there's a bridge going over to the tree made of broken eggshells and around the tree, you've got to protect the tree, our big piles of paper towels. It almost looks like a fortress of paper towels going around this huge broccoli tree. Now, we've got four items on here. We only got eight, okay? This is getting easier and easier. And I'm going to also show you how you can memorize this in order if you want to do that, if you want to be really tricky how you can memorize this in order. So that's our first four items. Now, what happens is as that tree of broccoli is sitting in this ocean of milk with the bridge of eggshells going over to it with paper towels around it, something happens. And guess what happens? It starts to rain. But it doesn't just rain like it normally rains. No, it rains sprinkle candy. Sprinkle candy, because that's the next item on our list. So sprinkle candy is coming down all these different colors all around the tree, sprinkle candy coming down, okay? Now, broccoli has branches on it. Our broccoli tree has branches on it, okay? Now, keep in mind there's that big broccoli tree is sitting in this ocean of milk that's sloshing all around and there's a bridge of eggshells going over to it and there's paper towels surrounding the tree and it starts to rain and sprinkle start to come down. And you know what that causes? That causes the tree to start to grow things. And guess what the tree is going to grow? It's going to grow cucumbers. All these cucumbers start growing all the way around the tree, these huge cucumbers. There's hundreds and hundreds of cucumbers hanging from that broccoli tree and it starts to sag a little bit, right? It starts to sag a little bit. Now, this is reason, this is reason for celebration, right? Because you got this broccoli tree sitting in this ocean of milk with this egg ridge going over to it and all these eggshells and it starts to rain, sprinkle candy and cucumbers grow out of the broccoli tree. Now, the odds are the odds are that you're going to be able to memorize up to this point. And you know what? We're going to go a little bit further. Since we have this big broccoli tree sitting in an ocean of milk and as you can see, I'm looking down. I'm picturing it. That's what we do, right? We think it pictures. We talk in words. And there's this bridge of eggshells going over to it with these paper tiles that surround the tree to protect it and it all of a sudden starts to rain and sprinkle candy. Right now, we're through one, two, three, four, five. And then once it rains, sprinkle candy, of course, the cucumbers grow off the broccoli tree. We've memorized six of these items. Could you do that right now? I bet right now, right now, you're looking at this going, oh my God, I see this tree. I see the milk. I see the eggshells. I see the paper towels. I see the sprinkle rain coming down and I see the cucumbers growing on the broccoli tree. Now, when it rains in a lot of countries, what does it mean? Well, if it's a dry country and they don't get a lot of rain, what does it mean? It means, well, that's a good thing. And when it's a good thing, what happens? People celebrate. How do they celebrate? They dance. But understand that this broccoli tree doesn't live in a normal country. No, no, no, no. It lives in chicken land. Okay. And it lives in chicken land. So guess who's going to come out and dance and celebrate the fact that this sprinkle rain is coming down on this broccoli tree that's sitting in this ocean of milk, right? That is surrounded by paper towels that has an eggshell bridge going over to it that has sprinkle rain. Guess who's that is causing the cucumbers to grow on the branches of the broccoli? Guess who's going to celebrate this? It's going to be chickens. These chickens are going to come out and they're going to start dancing. They're going to start dancing in thin air all the way around the broccoli. These chickens are just dancing, dancing, dancing, dancing, dancing. But as these chickens dance, what happens? What happens? Let's say you were to go out dancing or you were to exercise or whatever. After a little while, what happens? You develop a thirst, right? You develop a thirst and you get thirsty. And when you get thirsty, what do you want to do? And don't forget to put your comments in here. If you think this is crazy, put it in the comment section.  Excuse me, the chat section. If you're watching this as a replay, you want to put it in the comment section. If you think this is crazy, let me know. But you know what? You're memorizing stuff right now. You're memorizing stuff. And I'm going to give you a trick to memorize this in order in just a second, okay? So the chickens that are dancing around the tree because it's raining sprinkles are getting thirsty. And they're getting dry and they're getting parched. And these are some thirsty chickens, okay? Because this is Chicken World we're in right now. And let's see here, Paul's got some comment on here. I have heard that on recall of information, people look up and to the right to have information retrieved. Have you heard anything about that? There is some truth to it. When we look up, okay, and if we look to the right, it's been said that that's going to be a truthful response. If we look to the left, we are trying to make up a lie. Now while there is some truth to that, it is not absolute. It's not absolute, okay? There's, you have to, you know, this gets into a whole thing about body language. And I used to teach that in my trainings when I was training sales. I taught people how to read body language, but more importantly, change body language. Because reading it is only letting you know what the other person's thinking. Changing it gets them to think what you want. So I could go on and on and on about that. You know, like some people say, well, if somebody's got their arms crossed like that, they're not listening. But this can also mean that they're very concerned. This can also mean that they're trying to understand you. So you have to couple that with a whole lot of other different body language things. So Paul, to answer you, that could be, but you have to look at the other tips they're giving you, the other cues they're giving you. Because that's not just the only one out there. But that's a good point, and it is a starting point. So anyhow, what happened with these chickens that are dancing around the broccoli that is growing cucumbers that has sprinkle rain coming down that is protected by these paper towels going around it, that has a bridge of eggshells going over to it. They get thirsty, but you know what? They don't grab water. No, dancing chickens in the chicken world, they don't drink water. They drink Coca-Cola, and they wanted Coca-Cola. Now, before we go any further, let me just read the list back to you in the order that I gave it to you at the beginning of this training. And it was broccoli, milk, eggs, paper towels, sprinkle candy, cucumbers, chicken, and Coke. That's eight items. But what we've done here today, and I want to show you how to memorize it in order in just a second, let me get a sip. What we've done here today is painted a pitcher. This is an absurd pitcher. You've got this huge broccoli tree. That's absurd in itself because broccoli is supposed to be this tall, right? But it's not. It's not in our mind now, this pitcher, it's huge. And it's sitting in this ocean of milk. And the milk isn't just flat. It's got waves that are sloshing back and forth. And that tree needs to have some way to get to it. So there's a bridge of eggshells getting to it, okay? But of course it still needs protection. So there's a whole bunch of paper towels piled up around that broccoli tree to keep that milk from, I guess, absolutely taking the broccoli, right? So in addition to that, it starts to rain. And that's a good thing, but it rains sprinkle candy. And that's pretty cool, right? Sprinkle candy is a pretty cool thing. So what do you do when you have sprinkle candy? Well, the broccoli is just going to start sprouting cucumbers because it's going to start growing more, right? And since we're in chicken world, chickens come out and they start dancing and they get thirsty and they want a bottle of Coke. So they're dancing, drinking a bottle of Coke. Now, this is an absurd pitcher. This pitcher is so absurd in our mind that it's going to be unforgettable. As a matter of fact, I know, and maybe I'll do it next Wednesday, maybe next Wednesday, I'll ask you what's on the grocery list and you'll be able to tell me. But basically it's broccoli, milk, eggs, paper towels, sprinkle candy, cucumbers, chicken and Coke. And the more absurd you make this pitcher, the more likely you are to memorize it. I will bet you that the majority of you will be able to remember this now a day or two from now. And even if you don't remember every single thing on here, you're going to remember parts of it, the vast majority of it. But could you really have somebody tell you eight items and you not write it down and go to the grocery store and get every single item? Most people could not. Most people could not because they're trying to think in words and we don't think in words. We think in pictures. We think in pictures. And if you can picture something, if you can get that thing pictured in your mind, you're going to memorize it. You're going to know it. You're going to know it for the future. Now, I also told you in the beginning I had a friend and he could memorize 100 people's name in a room, but it wasn't just that he could memorize their names. He could memorize what number they were. So if number 78 was Paul, he would remember 78 Paul. 32 is Jenny. 17 is Eric. He could do that. Now, how in the world could he possibly do that? He does that by categorizing those names. So I'm going to give you an example of categorization for this particular example. The first thing you have to do is select something that you're very familiar with. Most of us are familiar with our house. And what we do is we start this memory exercise of labeling our house. So maybe our master bedroom would be number one. Our master bedroom would be number one. So since our master bedroom is number one, anytime we put something in that spot, that is the number one spot. Maybe the closet in your master bedroom is number two. And you've got to picture your closet, what it looks like. You could put a big two in the front of it. You could put a big one on the door of your master bedroom. And then what we would do in this case here is we would say broccoli is going to be number one. And since broccoli is going to be number one, what we're going to do is we're going to put a huge piece of broccoli right on top of our bed. And on top of the bed, the broccoli is sitting there, but it's getting a little bit old.  They're on the pillowcases and on some of the sheets. So now we've got broccoli as number one. We've got broccoli as number one. And number two is going to be our closet, right? Number two is going to be our closet in our master bedroom. Now we can memorize these as number one and number two, because they're always going to be number one and number two. When we go to open our closet, if it's a sliding door, make sure you slide it. If it's a pullout door, make sure you pull it out. And when we go to open that door, somebody's playing a trick on us. And what they've done is they've put a big bucket of milk on top of the edge of the door. And when we open it, that milk comes pouring down and splashes all over us. It comes all over us. So now we've got broccoli as number one. Number two is milk. Now the next thing we got is eggs. So maybe you want to pick your living room for that. Maybe your living room is always going to be number three. Okay? So since your living room is going to be number three, you have a carpet in your living room. It's a brand new carpet, but it's made out of eggshells. Made out of eggshells. So number three, big number three on your living room is eggshell carpet, eggshell carpet in your living room. So what I've done here is I'm starting to add numbers to the things on the list. And I still make them observe, okay? Before we had the big broccoli tree in the ocean of milk that was sloshing all around. And it had an eggshell bridge going over to it. And it was surrounded with rolls of paper towels to protect it. Okay? And then it started to rain sprinkle candy. And then the tree started to grow these cucumbers. And of course we were in chicken worlds. So the chickens came out and they started dancing all around drinking bottles of Coke because they were thirsty. That's my entire list. Now I know this sounds crazy. I know this sounds absurd and it works amazing. But people will think you have a memory that doesn't quit. Now, does this take some effort? Yes, this does take some effort. Yes, you do have to practice this. But guess what? Once you practice this, and that won't go through every single room in your house. But I want you to realize that you can do this stuff. If you just have a little bit of a plan and an attack of action, and I have a whole lot more if you want to memorize numbers or formulas or whatever it is. Paul says the one guy who made a living doing this was Kreskin. Gosh, Kreskin. Yeah, he was the guy who, yeah, he memorized stuff, but he did some other stuff too. I'm trying to remember what all Kreskin did. He pretended to be able to do something else. Love the who mentalist entertainment people. Yes. I'm fascinated by their talents, like TV show, the mentalist or lie to me. Yeah, and you know what? They're not really talented. In all fairness, they're not talented. What they've done is they've done what Michael Jordan did.  And Paul, you can do the same thing. And Jenny, you can do the same thing. And Eric, you could do the same. Anybody can do these things. These people aren't special. And you know, that's the thing I really want to get across every time I do training is anything I show you, anything I teach you, the average person could do. If I can do it, you could do it. There's no difference to me and you. There's no difference to Kreskin and Paul. There's no difference. They just learned some techniques and they practice them. That's all it really is. Paul's thoughts on also writing the material down to create neuro pathways, finding this talk fascinating. No, if I can remember where I left my keys. Well, here's the thing with the keys thing. The key thing is incredibly simple, incredibly simple. You always leave them in the same spot. You never, ever, ever, never let go of those keys unless they're in the one spot that you keep your keys. And that's your key assignment area. And you decide what that key assignment area is and you'll always be able to find your keys. The problem with keys is we treat them as if they're unimportant and we can just put them anywhere because we're done with them. We just drop them wherever we're at. And that's the problem with losing your keys. There are tricks to learning all those guys. I'm not going to tell you there are tricks to it because there are tricks to it. And they're good tricks and they actually work. So let's see here. I'm trying to pull up some other comment here. I can see how having a good memory as well as great habits can make you a super effective entrepreneur or salesperson. Yeah. And that is my point today, guys. If you practice these things and you do these things, wouldn't mind a post on effective habits to succeed both in business and life? Okay. Yeah, I can do that. I've done several of those before but I do have certain things that I like to do. And right now I'm working on a book and I was not making the headway I wanted. And my wife was working on a book and she was not making the headway she wanted. So we were not scheduling time for it. It was like if we had some time to work on it, we would work on it. But we changed all that the other day. Let me give you a sip and I'm going to tell you how to get things done. Before I go any further, do you understand what I'm doing here? Do you understand how we're thinking in pictures and talking in words? Do you understand how that picture I drew of that grocery list right now can help you memorize stuff? I mean, there's the big broccoli tree, right? And it's sitting in the ocean of sloshing around milk, right? And it's got a bridge of eggshells going over to it and it's got the paper towels surrounding it to protect it and it starts to rain, sprinkles.  They dance around, they get thirsty and they drink a Coke. Do you understand how now you can memorize that list? I guarantee you, you could walk into a grocery store right now. Anyone of you listening to this and you could take that list and you could pick up every one of those items. It's pretty amazing, right? I was going to do 10 items, but I said, well, I'll do eight. But you can do 10. You can do 15. You can do 30. You can do whatever you want. Obviously, if the list gets bigger, it becomes more difficult. But I'll tell you something else that's very obvious. The more times you do this, the better at it you will get. The better at it you will get and it's not hard to do. It's just taking practice. It's like the key thing. Remembering where to put your keys. The one thing you can do for memorization is wipe out the memory part. And the way to wipe out the memory part is to always put it in the same place that way you never have to memorize where your keys are put. We are confusing ourselves by some of the stuff we do. And then just the key thing, and I think that's a good example, Paul. The key thing, that takes up part of your day, right?  It's going to be gone. And you say, well, how did you spend your life? Well, and you can say, well, I spent like 19 days of my life just looking for my keys. Right? We don't want to do that. We want to have it in one spot all the time. We always put our keys in the same spot. That's it. We never put them in any place else. We don't put them in the countertop. We don't do any of that. We always put them in the same place. So how many of you can actually memorize that list now? You know, put it in the chat section. If you think this is helpful, if you think this will work for you, put it in that chat section. Put it in the comment section otherwise. But I mean, these things work, guys. Nobody has a better memory than you. Don't believe that. These are practice things. And here's what happens. The more you practice this, the better at this you're going to get. You'll get stronger and stronger in your memory skills. You'll get stronger and stronger in your business skills, personal skills. If you just practice these things and put forth the effort. That's it. Okay. I'm going to go to a meeting. I hope you like this. If you did like it, give me a thumbs up. Give me a thumbs up. If you don't mind, don't forget to subscribe. If you haven't done so, hit that button down there. Subscribe button. Turn it from red to gray. All you get is click it. And there's a bell next to it that will pop up once we subscribe. You want to ring the bell. Turn on all bell notifications. So that. So that what? So that you will know. But I upload a video or I go live. Let's see here. Paul says. Developing these techniques is a fascinating subject area. Charles Givens did a book a while back that had a list of these types of techniques. Oh, really? Very cool. Yes. And they can all be done. They can all be done. This is not hard stuff, guys. This is really not hard stuff. Anybody can learn this stuff. Hey, I really appreciate you being here today, guys. I got to jump. I got to go meet with my SEO guy and get some stuff worked on.  And I hope this helps you. You guys have a wonderful day and I will talk to you what Paul Friday. Let's do it Friday. Let's go Friday. Five reasons on content marketing. Great. Thanks man. Have a good one and I'll talk to you on Friday.


In the preceding video, we had this flowchart for characterizing your amount of exercise depending on the percentage of your maximum heart rate. Here's the code we came up with. A multi-way if-else statement, as the book calls it, or an if-else-if chain. And here it is in action. A percentage of 92.3% is a maximum workout. 67% is a light workout and 58.2% is very light. Beginning programmers often wonder why they need to do an if-else-if chain. Why not write it like this with separate if statements? Let's see what that looks like in action. Again, a percentage of 92.3% is maximum. A percentage of 67 prints out three things, not one, and the percentage of 58.2 gives us four lines of output instead of one. Why is there such a big difference between the two versions? To answer that, let's go back to the correct version and expand it to a version with all the braces, and use 67% as our input. 67 is not less than or equal to 60, which means we take the else clause. 67 is less than or equal to 70, which means we do the if clause and the program prints light, and we don't take the else clause, which contains all the other possibilities. Here's what that looks like in the shorter if-else-if chain version. Now let's go to the separate if version that doesn't work. I'll put lines between the if statements to emphasize that they are really separate. And again, we'll set our percent to 67. 67 is not less than or equal to 60, and the program doesn't print very light. That if statement has concluded. We have a brand new if statement. 67 is less than 70, the program prints light, and that if statement has concluded. We go to a completely new if statement. 67 is less than 80, and the program prints moderate. That if statement has concluded. We move on to the last if statement. 67 is less than 90, the program prints hard, and it skips the last else clause. And that's the difference between an if-else-if chain where each if is dependent on the results of the preceding entries and a series of separate if statements where each decision is independent of the others. Make sure you choose the right one for the effect you want your program to have.


Great. Welcome to Jules at News. They can tell stories in crypto and break them down into bite-sized pieces today Just as the thumbnail that I'll suggest. It's a big day here in America as we are getting ready to celebrate the biggest Sports event that we have and what that is is the Super Bowl and for you out there They're not from United States Two football teams come together and they battle out to see who can be Supreme the big thing is what's gonna happen with crypto? So we're gonna take a look at the crypto exchanges that are actually Competing this year, which I think could lead to some pretty good adoption Also, I'm talking about some free Bitcoin and free giveaways They're doing during the Super Bowl just for crypto Also, we'll take a look at bit by and they're smart marketing and how they got into crypto or to crypto Advertising and what's going on behind the scenes and then lastly we'll take a look how Binance is coming forward and really just controlling the narrative by this Massive acquisition that no one really has been talking about we're just kind of crazy and then lastly we'll just go over Q&A Hold your questions till the end. We'll just do five questions We'll get out of here because other things going on today. So Before we do all that Let's talk about the market and if you're watching the replay just know that there's gonna be timestamps below So you can jump ahead and go everywhere you want to Also remember that the news is about around 15 minutes So the the Q&A is longer and of course, that's what the timestamps are there for so you can stick around But if you got to do something, hey, I totally understand it's one of those days So let's take a look at the market itself. So today's a pretty good day It's Sunday the 13th of February.  It's not a bad day. I mean, we've seen some some volatility I think there's some people that are very unnerved about what's going on in Ukraine And Russia United States and China and everything else, but just remember There's the whole world is nothing but volatility. Let's just be honest So if this gets you a little bit nervous, you're not alone But as I talked about yesterday, I just like Peter Lynch said there has been more money lost by people Anticipating the corrections Besides when the actual corrections come about so just be remember that sometimes these things will blow over sometimes it'll be big But it's up to you to make that decision. Anyhow Bitcoin Hitting a little bit of turbulence, but still holding strong 42 4 Ethereum below 3,000 heather don't it cares finance coin USD coin polygon Ripple 22% for seven days pretty good up half a percent 81 cents hexes down a little bit cardano's down a little bit. Solana is down a little bit Everybody's are down except for dogecoin cool figure and she but you knew interesting Crypto comm is up probably because they're gonna have a Super Bowl ad and and so on and so forth Also some pretty good developer activity 30 day percentage is not available And let's see the big thing that I was looking at is the volume for the one-day percentage change Which means if people aren't trading or doing much It's tends to become stagnant kind of go down so Bitcoin down 21% of theorem down 30% for the volume Everything's down except for ripple I think there's some rumors circling around and I'm I don't like to get into rumors until I know that the full story, but There's just rumors about the case and I can't even comment because it's just rumors and sources close to some guy Who knows a guy's got a truck and stupid stuff like that So I will not be talking about that. So let's just let's just go into it and Talk about Super Bowl and crypto exchanges again. If you're not from America This is not a big deal for you, but the Super Bowl here is like this big huge sporting events and mostly I mean some I mean a lot of people like football, but mostly what people like to do is drink and eating I love that part myself so I'll be engaging in those activities during the game and The thing that I need to talk about is why is this big because we're just in America Who cares because crypto is a global global phenomenon, right? We'll just know this at last season Super Bowl, which was the Tampa Bay Buccaneers against the KC chiefs We had almost a hundred million viewers Just in the United States alone a hundred million people at one time watching an event So can you imagine all those eyeballs and they start to see these commercials And here's another thing about Super Bowl if you're not familiar with it A lot of people just watching for the commercials. They're that well produced. They're funny They're entertaining and people even vote. I know it's crazy, but they actually vote on the actual commercials So when we see that there's not one not two But there's three exchanges that are coming forward and they're going to be featured For the Super Bowl. This is big news. So here's the article which kind of lays it all out Bit by this is just the highlights Which I had never heard of until today spent roughly a quarter of a 2022 marketing budget on its Super Bowl ad Starring Miami Heat point guard Kyle Lowry. I think it's because Lowry was used to play for the Raptors in Canada FTX will give away Bitcoin as part of its ad campaign. So again, this is where you could Gain some Bitcoin just by watching these ads. Also, there's gonna be opportunities for NFTs look at that in a second So this is what we got crypto companies FTX bit by Coinbase and crypto.com Excuse me. There's four of them are set to run Super Bowl ads on Sunday making this the first time that Companies in the industry will advertise during the game when I was looking at some like I thought they had actually Done ads before but I guess not I mean they've done ads on TV But not during this game for a hundred million dollar or $100 million hundred million people watching the whole thing So I'm like, yeah, it's pretty good pretty good day to do that Some advertisers paid as much as seven million dollars for a 30-second spot Let me say that again Some advertisers paid as much as seven million for a 30-second spot But for people like Sam Bakeman Fried and Coinbase like seven million So my couch cushions no big deal Executives at FTX and bit by said the cost is worth it for their companies. I would say so now more than 30 advertisers in this super in this Super Bowl this year 40% of them are new to running ads. I thought that was interesting that that 40% almost half Had never run ads in the Super Bowl. So where are these people coming from? right here automotive technology Which would be us and travel categories and I'm thinking myself like I wonder why It's automotive it wouldn't be surprising to me, especially with the push we've got a push here in the United States to Push things into electric vehicles. We've got a more of a push as far as technology Travel categories I can see because they got it. They took a huge hit with cova and they're kind of rebounding So maybe they have to advertise, but I found it interesting that tech Has all that money. Well, I'm not surprised but tech is all the money to put into these ads FTX reveal on Monday. It'll be given away bitcoin As part of a contest running in conjunction with the ads Though an FTX spokesman declined to share details about the commercial you can expect some star power Which of course they're like, we want you to watch the the commercial. Here's one of their old ones with tom bray Which is pretty funny actually and then This was the interesting part Eric Chen CEO and co-founder of injective labs argued that the Super Bowl will be the first time That the entire crypto industry is under a major spotlight Well, like we talked about a hundred million people roughly and that was last year's I don't know how big it's gonna be this year, but if we can expect anything like what we did before and that was just the United States Mind you so I think it could be pretty big and then this one. Sorry. This is the one that was Interesting to me and it gets by to this This is a bit buys Marketing plan. I thought it was it was spot on canada canada canada canada Canada base crypto platform bit by has recently changed his marketing strategy to target more members of gen X and baby boomers according to binocoschi bit buys marketing and communications director and When I'm seeing this I'm like that's pretty smart because Just think about that for a second they're going they're moving from Millennials And kind of going into more of an older crowd right gen X Baby boomers. Why why would they do that? was because of this And I know people are sick of seeing these things, but this is what it is This is just u.s. household wealth by age Of the generations So I don't know where you're at and the United States this Probably is true a lot of places. Usually the older you are The more you have a lot more money because you've lived a lot longer and hopefully done the right things and made the right investments But you can see right here percentage of u.s. household wealth millennials not that much I saw a statistic that the average 30 year old has a thousand dollars $1,049 in their bank account 30 year old in the united states. That's it So I mean it's great that they have exuberance, but if you want to bring the money in this is where you go The Xers and the baby boomers Because why not they're already there. It's low hanging fruit. Let's just grab them So I thought it was a very smart play To move from the younger crowd to maybe an older crowd And then until about six months ago bit by primarily advertised Through digital channels. So you'd see stuff on twitter You'd see some things on youtube and anything like that where the majority of its users consume media. No, no It's not to say that Gen Xers and baby boomers don't consume it there, but not as much as say a younger generation We reached the point where growing our customer base means attracting new customer segment or consumer segments. Kochi said It's not sustainable to keep speaking to the same early adopters over and over again And I've already jumped into crypto and that's that's a beautiful statement. That's a smart way to do things Why would you if you were in a marketing? Why would you be talking to the same people if your whole prospect is revenue and reaching out to to new people You want to get as many people out of this tent as we possibly can so Go to where they're at and if they're watching the Super Bowl then go to the Super Bowl I don't care if they're listening to radio go to radio. I know people are like That's hilarious Why wouldn't you just advertise on social media channels because a lot of people are not a lot But some people aren't there some people like social media channels So go to where they're at bring those people in and go look If you're discouraged by your investments or whatever else is going on however you want to do this marketing Here's another opportunity. There's some great asymmetrical returns If you just take a look at the history of the internet things like amazon google facebook those types of of plays investments You can far outperform what's going on here potentially And take a look at cryptocurrency digital assets and here's some education So you can actually bring on I think that's it's a smart way to do it and binance is going to leave the charge I'll get to that in a second so to finish this up Bit by applied to become a registered crypto exchange A prerequisite to be able to run the commercials Uh on november 30th Amazing so bit by Which is a canadian-based exchange To they just got this crypt this crypto exchange as a nation And they signed uh lorry the nba player just two days later so If you're concerned about Some crypto products not moving too fast. Well, it's okay because these exchanges are moving at light speed at least at least the good ones Koshi said roughly 25 of the company's marketing budget for 2022 went to signing lorry as well as producing and buying the ad so A fourth of your entire budget is blown right here Talk about putting all your eggs in one basket might play out. Well might not do so hot But I think it's going to be probably pretty good and here's the commercial. I'm not going to play it You'll watch it during the game Crypto.com and coinbase are poorly set to run ads during the nfl championship game. That's pretty cool But this next part here This this is interesting About binance and not just what binance is doing which I think is super smart about education But what they just bought on thursday Which is amazing. I'll get to that in a second So binance is countering the ads right into the super bowl with a marketing campaign urging people to Learn crypto and trust yourself during the super bowl Binance is a encouraging viewers to visit crypto celeb art.com. Don't worry. Look in the description I put that at the very top so you can find it when crypto commercials with celebrities air You can claim one of 2222 nfts for free featuring butler butler. They're talking about here is nbl star jimmy butler The site will also include a crypto primer to understand basics about the technology smart Our focus is on being user-first and empowering through education finance spokesperson said We appreciate that our competitors are spending to show up in prime time and drive crypto awareness. However, our Oh wash wash it for a second before I go on I think that's that's the same thing with like youtube channels in all honesty Sometimes there's places that just do a bunch of hype but not much education. Sometimes you got a A channel which has a lot of education, but they're not really too much hype And I think you kind of need both to kind of drive this this this space forward So I know some people will give a People out of guff about the but the hype, but I mean that's essentially what's going on here You've got ads going on the super bowl. That's all hype because you got binance man to see him going, you know what?  I don't know how great that one is. All right, so To finish finish I hope that this new found attention crypto brands think deeply about how they can best educate the public about why this tech matters And how it can positively influence people's lives said kelly kelly and algorans head of marketing I would like to hear more about what algorans is doing. That'd be interesting. This leads me to my last point About great for binance To pick up the pace on education like it's great for hype You know, you're going to see the tom brady's and the different thing and them in the lorry and like, oh, that's cool But what the hell is it? And that's what binance comes in I think that's smart. I think what they did here is even smarter as they control the narrative and before I get into that I want you I want to This is a quote from nom Tromsky He who controls the media controls the minds of the public And you can see that with the mainstream media and what they do now I think you're kind of outside of that because you're watching this channel But you see it all around you And media plays a huge part into the shape Of what people believe And how things move forward just the thought it's not a hundred percent But it's just a thought and when I saw this I'm like, man, that's that's real smart So binance buys 200 million dollar stake in forbs Here's what's going on On thursday I like how they say this five-year-old binance one of the world's largest crypto exchanges announced a 200 million investment in a company A century it's senior business magazine And media group forbs Binance and Vap's investment makes it one of forbs top two owners So if you think that that's just because binance put If they put a little bit of money, they probably wouldn't have a seat at the table But if you're one of two Of their biggest purveyors of cash You better believe they're going to be at that table going, you know what we should talk more about forbs crypto And also we should probably talk more about binance just saying Ah And this comes as the media group or forbs seeks 400 million additional capital before it goes public By merging with SPAC magnus opus acquisition limit I thought that forbs already a publicly traded company, but it's not so it's going to do a SPAC and Which is what a lot of people are doing now good for them As web 3 and blockchain tech move forward and the crypto market comes of age We know the media is an essential element to build widespread consumer Understand education so says cZ And just what nomchopsky says And then just for giggles This is what 200 million will get you The crypto exchange Binance sued forbs for defamation in 2020 after the magazine the legend it intentionally evaded us taxes and regulation Binance later dropped the suit and on thursday binance pr chief patrick hillman called it water under the bridge Oh, you better believe it because when you put 200 million dollars into a company It's amazing how things people are like, ah, just a little lawsuit. No nobody no harm no foul no big deal and off we go So look That's it for today. So, uh, the game is 7 p.m. I think eastern so, uh, I don't know I you can find it. It's it's all over the internet actually It's all of the internet you you can find the game is you can watch those those, uh Watch the game eat some food drinks and beer all good stuff if that's your thing And then of course when those ads come up, uh, go to that websites. What was it called again? Let me see Celeb no Celeb so Celeb there dot com it's in the there's a link in the description. Am I going to go over it? So that's it for today for the news. So look, uh, now we're going to the q&a If you got to take off in a big deal. Thanks for coming by. I appreciate it Hit the like hit subscribe and uh, that's it for today. So thanks so much. All right So for you guys who are hanging around Let's do some quick q&a five questions only and uh, we'll get out of here. So let me Bring up those questions Well, I'm gonna be late night. That's right. Thanks for the stream. Enjoy the game. Yes. I will This is a good question. This is a great question. Hey, Rob. Did you Take many safety precautions before this heated weekend? Super Bowl full moon chinese new year ends fed talks biden calls you crying tension Just like I talked about yesterday And just like I I'll always say peter lynch said it perfectly. There's been more money lost Then because of the possibility of corrections and the actual corrections themselves So for me, I don't know where the world's going I don't know if we're going if ukraine is going to be invaded by russia I don't know the fed's going to come out with that our emergency meeting go You know what? We got to raise things by two points. I don't know if an asteroid's going to hit europe tomorrow I have no idea But I will tell you this the I this is what how I did it I have a running dollar cost average Buy orders on voyager And those buy orders were executed this morning For bitcoin and ethereum and algorand and chain link And they were actually executed yesterday and the day before that the day before that the day before that I don't know what's going to happen. But I know if I just stay right here Don't move too far. I know and then if I look at these things as like a three or four or five year play I'll be much. I'll be way way ahead as opposed to selling because Of something that's going on. So that's my that's my spiel. Great question. This is a good one Hey, rob. How do you see stablecoin lending issues panning out with the sec? I think well the sec already They just settled with block fi for 100 million dollars I think that's what it was. I have it on my if you if you want the news that's coming happening right now Follow me at news asset on twitter. That's where everything happens quickly so that hundred million They did that because of the the yield and things like that. So my big question is what are they doing going to do with Celsius because states have already looked at Celsius and then with voyager I've talked to alex machine ski before alex has been on other channels and he says we're working with the regulators I talked to uh, steve erlich the CEO of voyager. He said the exact same thing working with regulators.  It's never going to be approved in my opinion Sorry, like there's some things that i'm bullish on and there's something that i'm positive. There's some things i'm not Taylor says, please review ocean protocol. I'll take a look. I'll try my best That ocean protocol has been for a while for quite some time So that's three questions. What's the other two? Where are the other two questions that I need to ask answer? Ah Rob is unwrapping a wrapped hook on a taxable event. I don't believe so No, because it's the same. So if you take eith you wrap eith Put it under on another blockchain. It comes across and you unwrap it As long as you're not selling it for Cash or as long as you're not uh buying for goods and services. It shouldn't be however If you're looking for a program that would probably tell you there is a link in the description called crypto trader tax And it's what I use uh once it has api integration into dexes Into open sea into all the exchanges it downloads all your information And then the time you get that the time you're done took me about 30 minutes off to my cpa So look for the link in the description so you don't have to get screwed around with taxes Ah And this will be the last one rob Uh, do you think we will have ever have another long term bear market? Yes, I do. It's because that even in Even in traditional markets Even in traditional market, there's still long term Bear markets remember 2000 the financial crisis of 2008 Remember the dot-com bubble that burst in 2001? So I always expect long term bear markets and that's when Actually, that's when you really get to work when you have long term bear markets That's the time you accumulate and during those parabolic bull run. That's when you sell And uh, that's not financial advice. That's just a financial opinion And that's what I do and that's it for today. So look, thanks so much for stopping by buddy. I appreciate it Thumbs up. You liked it subscribe. I'm gonna put two more videos up here And uh, so you can watch keep watching if you want to that's it for today So thanks so much for sticking around. I appreciate it. See you on the next one


Welcome back. It is officially the last episode of 2023 and also the last episode of this mini two part of review 2023 in the banking space with Stephen, our director of corporate finance. How's it going, Stephen? Yeah, very good. Thank you. And I'm glad we've both got our Christmas jumpers on today. If anyone's watching on the YouTube channel, a black North face, not that we sponsored, North face jumper is our Christmas jumper of choice today. Well, yeah, I mean, if anyone listening does work at North face or indeed know someone who does, then they should definitely hook us up here with this free advertising we're putting out. But look, let's get into it and let's go from five to one. So if you didn't listen to the first episode, I encourage you to go back and have a listen 20 minutes straight to the point reviewing the top 10 from 10 to six. And in this episode, we're going to go five to one. So that further ado, what do we have for number five, Stephen? Yeah, so coming in at number five in our top 10 themes of the year from 2023 in the banking space. Number five, competition regulation missing the mark. This is actually the story I'm going to, I'm going to personalize this a bit. This is a story of, of maybe one woman, Linda Khan, who's the head of the FTC, the federal trade, federal trade commission in the US. And her goal, having been appointed a couple of years ago, basically being to try her best to block major transactions that would be considered to be anti competitive or potentially monopolistic. She has taken it to the pharmaceutical company. She's taken it to the big tech companies. And quite frankly, she has pretty much lost every single blocking that she's tried to do. So competition regulation when done well is absolutely fantastic. And we don't want a whole raft of monopolies and we want fair markets and we want the consumer to benefit. And that's what Linda Khan's been trying to do. But so a lot of people say that she is the most hated person in Wall Street. Several Wall Street, I'm quoting here, several Wall Street donors to the Democratic Party Party are using their position of influence to quietly lobby Joe Biden to drop Khan if he gets reelected. Such is the hatred of this person that keeps trying to get in the way of nice lucrative deals. She must be the cleanest person on Wall Street or in Manhattan then if she hasn't yet been kind of talked to behind the scenes to just tame some of this behavior down, then perhaps she's what we need. She might well be and I know I worry that she's coming up against the weight of so much pressure and so much industry pressure. You know, the big deals that she blocked or that the FTC blocked. Let's talk about this from a corporate from a body perspective. The big deals Microsoft and Activision got blocked. First by the competition and markets authority in the UK, then by the FTC, it got overturned in courts and obviously subsequently has gone through as one of the biggest deals over the last two years. The horizon and Amgen deal, the big pharmaceutical deal that we've spoken about, got blocked. And then it got rejected in court. So the deal went through. Third one is meta and within. I hadn't heard of this, but this was back in February. The court decision rejected the FTC again, and the deal got got completed. So this is just this three or four cases where the FTC have put their neck out, duck their neck out and said, look, this this feels anti competitive. And then courts in the US have gone actually. No, no, this is fine. So it's been a bit of a year of competition regulation, missing the mark. It's actually been a pretty big trend, especially if you're following US deal making. So the result number five, I'm going to call it Linda Khan, gone 2024. Oh, she's gone. She's gone. Yeah. Number four, then coming in at number four, we have banks continuing to retrench and the rise of private credit. So what does that mean? Yeah. So this isn't the kind of the pithiest headline, but private credit. And we have spoke we've kind of danced around the subject a few times on the podcast, but private credit has had what can be considered to be a bit of a breakout year. Now, private credit is kind of what what it says it is lending, but not by banks by private institutions and private investors. So what's been going on here is banks have continued to withdraw from lending money, especially at the riskier end of the spectrum. Let's say the quite highly leveraged private equity end of the spectrum suddenly when looking at their, you know, their equity tier one ratios and looking looking at their financials. They're thinking this doesn't look like a good use of our risk weighted assets. So private equity still gets done deals are still getting done.  In fact, private credit. So private investors, private investment funds, lending money for these leverage transactions, private credit was 86% of all loans for leverage buyouts in 2023. Now that is a staggering reversal from about 10 years ago, where I would I don't have the stats but I would say it would be 90% plus bank lending. So this really is a trend that I think has got a decent amount of legs and 2023 was the year that it really broke out. Just for the understanding of people listening to these students, who are we talking about when you say this private credit was a what's the typical name associated with this space. Yeah, it's quite interesting the typical names of the typical private equity names. So Blackstone, Polo, KKR, Carlisle, they are the biggest private equity investors, I raising money raising funds to buy companies, turn them around and sell them. But they are now also the biggest providers of private credit, which effectively means that if you're thinking about how a deal is funded. How a private equity transaction is funded with a combination of debt and equity. The same firm might be providing equity through its private equity fund, the buyout fund, and also providing debt through its private credit fund. So there's a little bit of a kind of concentration risk potentially here. You know, if one of those deals goes bust, it's not just the private equity buyout fund that's on the hook. It's also the private credit fund that's also on the hook. So this is interesting. It's an interesting dynamic. Could possibly go wrong. So we'll move on then. The next one has probably got some good statistics one would imagine. So number three is talking specifically about the reopening of the IPO market. So yeah, hit me with some stats then. What was the last year like? Yeah, I'm calling this the partial reopening of the IPO market. And the IPO market just to step back is so fundamental to the private markets. It is often at the exit route of choice once there has been a lot of venture capital and private capital pumped into a company. So if the door is closed to the IPO market, it sends shockwaves and ripples through valuations in the private market. And we saw that in our in the first part of our review where we talked about the tough year for startups and the tough year for VCs. But in terms of stats, look, in 2022, there were 90 IPOs. Absolutely horrible year in the US, $8.6 billion of IPO proceeds in Q1 to Q3 2023. So we haven't quite got the Q4 data. There's been 180 IPOs, doubling the volume and almost tripling the value of the proceeds from these IPOs. So this sounds really positive, but let's put this in context in 2021, that nuts year that we had 416 IPOs in the US. Is that a record? It's a record. No, 2021 was just a just a mad year. And we've spoken about the IPO market quite a lot. I'm just going to I'm just going to revive four of our favorites that we've discussed on the pod. Instacart, Birkenstock, Carver and Arm Holdings. So I'm just going to give you a little quiz. So do you think that Instacart IPO about four months ago, the online grocery facilitation company, do you think that Instacart is up or down post IPO? Well, this is a SaaS business, right, their model. So I think they would have got pumped into the IPO. So I'm going to say they're down. And also, I didn't know that Sam Altman of OpenAI, he was an early investor. He's got as many pies, including Instacart. He's got his fingers in many, and that was from the Y Combinator days. I remember you and Piers discussing this on the pod a few weeks ago. Yes, he's got a he's got a bit of a slice of the pie. But you're right, Instacart is 20% down off its IPO price, which, you know, it was probably priced at the top end of the range. But it's also, if you've seen the way that markets have gone, there's been a pretty broad tech rally as dovish signals have come out from the Fed. So they haven't really benefited from that kind of broader tech rally, even across the smaller companies. So one out of one, well done. And Birkenstock pulled down since IPA. See, that feels that feels quite recent, the Birkenstock one. So I wondered whether, yeah, were they susceptible to the pump and dump? I certainly don't see in the, you know, I move in fashionable circles and Birkenstock has not been seen or talked about. For some time. So I'm going to go, I'm going to go there down as well. Yeah, good, good logic, but incorrect. I was really surprised to see this because I don't know if you remember, like day one, Birkenstock was down about 12% at one point. Everyone thought that this is a really lovely company, but it's just been priced too high. The revenue multiple was too high. The EBITDA price earnings multiple was too high, but Birkenstock's up about 20%. So it had that first day blip, and then it's just climbed quite nicely as investors have started to pile in. I haven't looked at the fundamentals. I don't know why this is the case, but it's really interesting to see. Again, don't just look at the first day. Look at the first few months. Look at this thing stabilize and Birkenstock's up 20%. Wow. 20% Okay. It's not bad. What about, what about Carver? So Carver are the US based kind of fast, fresh Mediterranean food restaurants chain. IPO'd about maybe six or seven months ago. I'm going to go down with them just because of the nature of their business and where we're at. Consumer wise and economic cycle wise. Yeah. Again, you're, you are absolutely right. So you're two, two from three. So 15% down. Now this is an interesting one because you're like, okay, right? You know, US economy's growing pretty quickly. Unemployment's pretty low. You know, we're at the top of the interest rate hiking cycle. You know, why are people not going out to dinner and why are people not investing in this stock? So there's, again, there's probably a technical explanation that maybe you and peers can go into as to why this is down 15%. Because the fundamentals seem pretty good. It's a profitable company. And obviously the US macro data is pretty nice. Fourth arm, the big one. Yeah. Big daddy. Yeah, these four companies you've mentioned, as we said at the time, I think arms the most bankable in terms of mature business. I think it's probably the most boring, as I think I remember on the day of the launch, it was definitely not 20% up down here and there. So I would imagine they've just plotted along with the general market and neither really exciting here or there. Yeah, I think I think plotting along with the general market is about right. It's up about 7%. Which suggests again, suggest that that was a really nicely priced IPO. If it's priced in and it's up along with the general upswing in the tech side of the market, then yeah, you're seeing some decent returns on your investment. But it isn't that volatile, crazy swinging stock because it's a big free float. It's a big amount of money and therefore the volatility is going to be slightly lower. So there you go. Two up, two down. You got three out of four. So not bad. Our expectations, IPO markets going to continue to open up in 2024. It won't be a 2021. I would expect there to be much more than 180 IPOs. I know we are speaking offline about some of the names that are potentially coming down the pipes, the reddits of this world, CVCs. I think you mentioned eToro getting a piece of the action. Yeah, I think they cancelled it, their IPO plan for the obvious reasons. But yeah, I'm sure that could come. I could look tasty again if Bitcoin continues its recent ramp. Richard will. All right. So the natural, I guess, feeder them from IPO is into M&A. So what's that? What's happened in 2023? And then what can we expect next year? Yeah, so we're getting into the top two here. And I wanted to pick some massive, massive macro themes that affect absolutely everything. And as we've actually counted down from 10 to one, the size of the theme has got more all-pervasive and global. So number two is 2022's interest rate hikes, blunts, M&A, deal, volume. Now, in 2023, as I think we've said before, the key number in terms of deal value in the world of M&A is $3 trillion. And is there going to be $3 trillion of deal volume in 2023 and of deal value in 2023? It looks like we're going to hit, we're going to just hit that couple of big transactions come out in the last few weeks. And it's still well down on 2021, which was nearly $6 trillion of deal value. And this is all about interest rates. This is all about interest rate hiking cycle. As we know, US 5.25 to 5.5% interest rates higher since 2007, UK 5.25% higher since 2007. And in M&A, it's a pretty simple calculation. It's a cost of capital. If your cost of capital is high, suddenly acquisitions look less attractive. They have to achieve a higher hurdle rate to repay that cost of capital. So it makes sense that a higher interest rate environment is going to blunt M&A deal volume and M&A deal value. Or be it in Q4, we've seen some green shoots and we've seen some pretty big deals. We've spoken previously about the oil and gas deals coming through in Q4. Okay, so leading into the top theme of the year. And it sounds like then potentially what will be the catalyst for potentially then igniting number two is the contributing factor that everyone will focus on in the period ahead, which is inflation, thus determining interest rates. So yeah, tell me a little bit about inflation from your perspective. Yeah, so coming in at number one in our themes of 2023. And this again, as you say, it's a kind of leading, leading item, paving the way for a better 2024. The number in first place inflation is partially defeated. Recession avoided. Now, the US inflation rate and you discussed this on your podcast is was at 9.1% in its peak June 2022 is now at 3%. Everyone's thinking actually was inflation transitory. I know there was a big speculation back in late 2021 about that. And UK UK inflation, its peak was 11.1% CPI. I think inflation data has come out today in the UK. Is that right? Yep. Came out this very morning and it's slow to 3.9%, which is the lowest in more than two years analysts were expecting a drop basically to 4.3%. So it was it's dropping faster in three consecutive months now than what they were the analysts on the street were forecasting. So at the moment, financial markets, futures markets are pricing in four rate cuts in the UK starting in May. Wow. That's quite interesting. Inflation is an absolute killer for M&A, right?  Firstly, because it lends it lends itself to interest rate hikes. Secondly, it results in strategic uncertainty. If you're a business that is dealing with the effects of inflation, both in your supply chain and in terms of your pricing, you may not be thinking about considering a load of M&A. It's a volatile, uncertain, unstable period and M&A is best done when there is stable economic growth when interest rates are low and when inflation is under control. None of which we've had, certainly in 2022 and in the first half of 23. So if you're looking forward with a bit of a crystal ball into 24, if there is some nice visibility over rate cuts and if there is continued drop to that 2% to 3% inflation target. And if we avoid recession like we certainly avoided in the US, quite the opposite, right? Then this could actually be a relatively good recovery year 2024. I don't know if I'm just feeling festive. I'm up for some good news. But yeah. It's that pavocier post, that M&A post that you did earlier this week. I've gone to your head, Stephen. Well, it was a sponsored post, so they sent me a nice note. So to wrap everything up then, just to conclude, what is the trends to continue and the ones that you think that will pull back from that this five to one list for 2024? Yeah, so I think trends to continue dropping inflation, stable interest rates. I think that that's got to be a go in 2024. Everything that the Fed is kind of indicating suggests that there's going to be some cuts, you know, your point to the Bank of England. But that doesn't mean that banks are suddenly going to start getting giddy over leverage loans. So private credit, that's just going to be a trend that continues. What are the trends that are going to pull back? Well, I think, I mean, depending on the 2024 election, I just wonder whether Biden is going to have a little whisper in the ear to Linda Khan and just say, look, it's 2024. Just be nice. Just be nice to businesses. We want a series of good news stories during 2024 that shows the economy going gangbusters. And if you're there blocking everything, then that might hurt my election chances. I don't know, maybe that's cynical, but I would expect more things given the green light maybe than the more in 2023. I think there's probably some sort of societal impact given the general fears of the cost of living, even that hasn't quite materialized so much in the US, but it gives reasons to target them big tech. I think you can move the optics politically. So I think Biden could achieve that fairly comfortably within that remit if you were indeed to get reappointed. This is going to be one of the first elections. Well, it will be the first election post coronavirus and it will be the first election with a significant minority of voters having quite significant retail investor interest, because we all downloaded the app stream coronavirus and bought a bunch of stuff, right? So if I can see on my share trading app, things going up and up and up, because of a more facilitative environment, including the FTC, then maybe I'm going to feel a little bit more positive towards Biden and his economic agenda and maybe I'll vote for him. The fact that it actually comes at the back of the year. It's got a bit of runway here, so let's see. Yeah, yeah, tax cuts in the UK. Economic economic gangbusters in the US. Let's let's bring it on. All right. Well, thank you everyone very much for listening throughout the year. Thank you Stephen for bringing the dual room podcast series to the channel. Round of applause. Thank you very much. It's great fun. I love doing it. And yeah, long may continue. One final request. I looked on Spotify. We are in terms of my annual review. We're at 497 five star reviews. If there's three of you out there, just give us a little bump and drop your name in the comment section. I might send you a little merch just to help sweeten the deal. You might you might see my mom, my dad and my brother getting involved. Thanks everyone. Take care. Have a great Christmas.


Cape Town we are back again and this time we are in Constantia at a beautiful home that we're going to take you through and right now through this double-pane Gloss door and yes, I did say double pane double pane gloss all the way throughout the house Which means it's keeping in the heat. It's also keeping in the cool You're never going to get too hot or too cold And we've got this stunning Carol boys door handle that leads you into this home in this home is opulent to the max Right here in the kitchen take a look at this gigantic island beautifully done Sandstone top possibly could be quartz. I need to go and get my geology degree But really what takes my breath away is the lighting in this house I'm such a fan of lighting in this house does it so so well We've got these exposed Edison light bulbs giving you that warm light making it so nice to sit here and whip up a Meal again chef sink right here, and they've really taken the taps to the max They are such cool taps wait until you see the bathroom, but this is how you open it Voila, and that's how you close it probably makes it very easy when your hands are dirty and you're whipping up a meal behind me Again, smeg electric stove top smeg extractor stainless steel super glossy really nice and throughout the house You might have noticed that already you're going to see these blue squares And those blue squares are your light switches So the way it works is you press in the left hand corner turns off the corresponding lights same for the right hand corner Bottom left bottom right super cool super minimalistic and very clean then smeg oven right here Plenty of cupboard space that nice varnished smooth clean finish Under counter storage all the way across the same over there. You can see the pop-out plug So for any of your kitchen top appliances, it's sorted and then these display cabinets that are lit up But let's take you into the scullery Let's show you what they've got there and then we're going to tour this house in one big circle till we wrap right back around Yeah, I hope you guys are ready. I hope you strapped in let's go Now yeah, we are within the scullery the pantry however. Thank you for watching subscribe click the like button. Thank you