Welcome back to the Independent Investor Channel for an awe-inspiring Friday livestream here. The message comes through the airwaves to provide that incentive and motivation for those investors out there looking for a little bit of financial discipline, a little bit of stewardship. The irony in the whole thing is you ask anybody out there whether or not they want to have some form of financial security or some sort of riches in some sort of form, the results just don't speak that a lot of people are achieving that end. And I in no means profess to come on and have all the answers. I am also quick to say that a lot of the reason why somebody is able to garner some success in this life is based in no short order to their personal decision-makings. Yes, perhaps maybe a little bit of luck, albeit I would like to teach upon this subject without such a reliance on luck or an acknowledgement that perhaps maybe luck isn't the majority driver in what will determine whether or not you're able to make something of this life and the results that I speak of are staggering. And they're not results that are isolated just abroad or to those countries that are not with privilege or any type of advantage, which I consider the U.S. to be one of those. But the idea that financial success is only provided to those with opportunity would be irresponsible to teach upon. And it is my insistence that good discipline, good habits, you know, good adherence to a program, asking a deeper question of what you want to get out of this really comes down to paying attention and adhering to a plan over the long term. And you know, it's interesting in times like this where I've just done a major reshuffle in the portfolio with an idea of not only simplifying but streamlining the fundamentals, streamlining the accounts, yes, which is paying off huge. Guys, I really, really enjoy fidelity. And as I conveyed for many years over the Independent Investor Channel talking about M1 Finance, the very opportunity that I had to jump those portfolios over and I spoke about it, I've got Jared and the group here is a long-standing viper, very, very important person in the group here and channel. He's been with me since pretty much day one. But those fundamental pillars of earning a good interest rate, and that really is why I went away from my major broker, which was Bank of America Merrill. I wasn't entirely unhappy with it, but that was an aspect that in and of itself was worth changing brokers, and I'm glad I did. But for those of the loyal subscribers to the channel that have kind of monitored my evolution and the accounts that I've been involved with, you know, some of them have worked out okay. Most of them I've really done away with and have evolved to this place that I have now with fidelity. But I always said that I would utilize the discount brokers to establish those first financial thresholds, 10,000, 25,000, and then look to push them over into the major brokers to get that, you know, that higher comfort piece of mind, knowing that my money was tied up was something a little bit more reputable. And, you know, whether or not that is absolutely necessary to grow wealth, I always contend that the broker that you choose should satisfy your aesthetic appeal and ease of access to the stock market, and that is it. Okay. You know, to account set motion in any of the brokers out there, whether it be Fidelity, TD Ameritrade, Bank of America with the exact same asset, is going to grow at the exact same rate of return. In other words, the broker that you choose is not going to determine, you know, your success. So you're not going to insurmountably outpace the rest of the universe by making this pie in the sky or unicorn decision on what broker that you choose out there. But I'm happy to report out. I'm very, very happy with Fidelity. I like them. I'm making about $76 a clip on interest rate per month. I made it in January. I made it now in February. And I tell you what, those little bits, man, they really, really add up doing kind of an assessment to the portfolio. It's been a long, long time. The accounts are really doing well back up above three total accounts up above the six figure mark. And whether or not you have one account at a million or 10 accounts at a hundred grand, you know, the million dollar threshold would have been achieved. And we're certainly well on our way in monitoring that. With that said, the last four months of stock market investing has all but made up and then some for the horrendous market performance over the last couple of years post COVID. It's been horrible. And in retrospect, I've been through this during a number of different volatile times in the market. Brexit actually was one of those that really I can remember where I had a fairly sizable amount of wealth. This is when I first started. It really wasn't when I started YouTube. This was back in 2007, 2008. I recall around that timeframe, maybe a little later than that. But the mortgage back security crisis obviously was a good one. But not to suggest that we're not going to incur some significant downturns into our future. But I tell you what, I don't know if I've ever seen an equaled stock market that I have seen over the last couple of months. What is it that we're charged with taking away from the evaluation over the last four months? I think it caught a lot of people by surprise. I think with a lot of people's admission, they would say that they even missed this. With recession talks, even bleeding over into this year now all but just faded away and finally have subsided to dominate the airwaves like it did last year, never to come to fruition and 20% up year in the S&P really through a loop. And can we repeat that type of performance in 2024? I'm seeing some things in the broader market. As a matter of fact, the small roll off in the technology sector is somewhat telling to me in that there may be some level of either rotation or new money coming from the sideline here that is investing in the market. Furthermore exacerbated by I think the U.S. markets are as attractive as they've ever been as a place to be. Therefore bringing in new money to the U.S. markets and really attracting that I don't believe euphoric type of scenario. I think people are investing cautiously optimistic right now and some people still consider to be naysayers on this market and looking at a market that's trying to price in where we go in 2024. The reason why I give that synopsis is because I don't think that there's a lot of people out there that are studying financial markets or even interested in financial markets. If you subjected them to CNBC, it is the channel that I would choose to have if I was stranded on an island and actually had a satellite connection. If I had to choose one channel, that's what I would watch. I do watch it for the stock tickers and some of the commentary is good, some of it is not so good, but is it commonplace amongst the general populace to take stock, no pun intended, in their own financial future and pay a little attention to what some of the biggest companies in the world are doing. Very, very powerful companies I might add to be able to participate in the appreciation of these companies is just astonishing. Just 10 years ago, if you would have told me that we would have a handful of trillion-dollar companies, I would have thought you were crazy, but Nvidia just passed over the two trillion-dollar mark just today. That is astonishing in and of itself. Is it creating a need for some level of concern with regard to valuations in some of these single companies? Does it beg some level of concern with how top-heavy the S&P 500 may appear or quite frankly is, but attempting to try to pick out those winners in the stock market is also one of those approaches here that, gosh quite frankly guys, we're back in a market here for this isolated timeframe in the short to medium term that had you invested in any of the big technology names, you would have made some money, and most of my wealth has come really over the in the acute here by putting some pretty massive amounts of capital relatively speaking to my portfolio size, so I'm not talking about hundreds of thousands of dollars to work, but certainly tens of thousands of dollars to work in down markets when it was less if not altogether impossible to justify in in the socially acceptable limelight to say, yeah now's the time right now to start dumping money, people would have thought you were crazy, but again back to my point about why there aren't more self-made millionaires or self-made financial success stories out there, I think that people buy into the wrong stuff, I think there are soap screens, I think there are temptations, I think that there are temptations on the buy side that are too much for a lot of people to overcome to be honest with you, I think there are tendencies that people have based on upbringing, based on temptation, based on the short term satisfaction they get out of you know the purchases of items that don't necessarily get put to immediate work, but on the onset do kind of feed into that human psyche of always having to have something in the hopper to purchase and I mean you're telling me that Amazon doesn't make that any any any any difficult any more difficult to to kind of avoid, I love I love Amazon which is to put the convenience of spending right there in front of you I think is really really difficult for people and to get ahead I would suggest just probably 10 times more difficult than just saying to hell with it just throwing your hands up I think it'd be fun you know me and me and my wife we have kind of a joke a little bit between us it'd be nice to take my paycheck just one paycheck and just blow it all as quickly as we possibly can I don't I'm not really sure if we could do it because it would be in the face of some level of it would be in the face of a discipline that has stacked up for many many years discipline that I try to speak about that people need to condition and really keep really keep themselves to a hard line and in hearing to it certainly does govern how it is that you spend it governs how it is that you deal with credit card discipline it deals with how it is that you define below the surface how you utilize a savings account and a checking account back to my point about under utilization of those assets and right now pulling about a two six clip off of the savings it's dropped from the four nine nine that I told you as I anticipated that it would but you know my goodness I mean you're talking about an eight nine hundred dollar bill at the end of the year just based on current cash levels at over 41,000 that that's just idle cash that sits there I don't really have any intention of putting any of that capital to risk in the market it's an isolated bucket that I don't really look at as missing out on if I don't put it to work because I'm making that solid two six you know if I were just to go by BND the total market the total bond market ETF you know I'd pay a little expense over that and am I really going to make a significant alpha above what I'm making guaranteed interest in the savings I don't know it's a rhetorical question that I throw out there the group to consider deliberate around and and and certainly assist in you making your decisions about what account you choose and and what type of personality you put over that account you know I also don't want to discourage people I think sometimes when we do the live stream and we do it so frequently you know people will come in and they'll look at the portfolio review and they'll be like wow I I I hope I'm wrong in this that sometimes and maybe it's the same way when I look at a multi millionaire or a multi billionaire of course to acknowledge that I'll never get there okay it's the same mentality if you look at somebody who's financially secure let's say they've got a couple of million dollars or you know they're working towards some financial security and instead of having that encouraging effect it actually has a discouraging effect when people come in and they're like yeah my goodness you know I've went through this hardship and I went through this hardship is it is it too much for me to actually overcome and and even more so is it is it too egotistical or arrogant or naive for me to actually believe that I could could approach some level of financial freedom or financial security and actually look to achieve some level of that so you know these these questions we want to deliberate around when we're looking to define our you know our our financial fitness and you know trying to make sense of this whole gig I always try to give you my pulse to the market and I'm not doing a whole lot right now uh I owned a little token position in IVV in the Roth IRA I was up in it I went ahead and trimmed you know I look at it like this man I I probably could leave some money on the table or I could it could be a great trade today was the record high um to put some money to the side here is a habit that I have got into in taking those small wins in the stock market compounded by the fact that the number of injections that I have infused into my financial portfolio or program or however you want to call it is probably becoming abnormally higher than the average person out there that is attempting to get involved in this or is involved and thinks they are doing enough toward their financial future okay what I do isn't is insane it's insane when compared against the status quo norm that 20 percent debt to income ratio is actually healthy I think that's absurd I've said this before on the channel I have no debt I don't plan on getting into any debt and what small piece of debt that I've had over the last five years has just been recently paid off it's by nature of that small vein inside my program that I come on and convey that is in small part a contributor to the overall whole I see Matt money in the group here and I think Matt talks about this pretty often um he talks about the the the the true ability to um contribute at a level that is atypical I don't I don't know if there's a lot of people out there that are truly willing to make those sacrifices and commitments um you know I've known Matt now for many many years we've evolved together on youtube and he doesn't strike me as a guy that if he wants to have a little libation he goes and has some libation you know um I think it'd be kind of funny if he came out and filmed youtube and popped a can of pinto beans every time he did because he's invested all of his money in the stock market I think to the contrary it just speaks to the the the placement on the priority list that Matt's put on that and and actually shares and conveys that it's not two percent of his income it's not five percent it's ten percent it's it's significantly more than that I would challenge each and every one of you guys to truly do an evaluation if you're finding your way to the channel and you're wondering what the channel is about um we we talk about personal finance but we talk about personal finance how it applies to you and back to my discouraging statement about people coming in and sometimes they feel a little bit maybe that they're you know out of company or um maybe they look at somebody with financial wealth and somehow they have that financial wealth because it relates to the amount of intelligence that they have yeah I'm not really sure I I think financial wealth for me in in the majority of my capacity has a lot to do with yes the assets that I buy and I don't mean buying the perfect asset I actually mean buying diversified ETFs okay now I believe I could have garnered a significant amount of wealth over my life by doing so through different financial products mutual funds will do just fine indexes are eerily similar to ETFs I believe just the same that an indexed fund can get you to the promised land just as effectively as some of these other products okay a significant level of devotion and education has to come with this program if you are indeed going to endeavor to pick stocks in the stock market at and when doing so I I do some single stock ownership I've owned lots of stock over the course of of my life and really in a valuation of of that I do question in front of a youtube audience whether or not that is the scalable approach for the masses I contend that it is not I don't want to discourage people out there by buying Microsoft I don't want to discourage people out there from buying Amazon or Google which I think are really really screaming right now I really do especially Google Google's really sleeping I think and it does this it'll low investors to sleep and then boom you'll wake up and it'll be you know I think the stock has every every intention of moving throughout the course of 2024 and beyond beyond its current levels which has slowly grinded north for a for a nice nominal return I might add but not to suggest that those companies can't be bought they are owned I talk about this all the time indirectly through the indexes if that's what you choose to to do when you seek out your your exposure to the market but I was just having a kind of a twitter back and forth a little bit and you know talking about you know how things have transpired of the last couple years and some of the investments have worked out really really well you know one in particular didn't work out quite that well made a significant back on on the low end in the most uncomfortable place that the stock went in but the point of it and the point of the evolution is to look at what has worked and acknowledge the fact that the stock market is full of phenomenal companies out there and to get so tunnel visioned on one particular name is probably not in anybody's best interest and I I think for the sake of my audience the um you know the the the true focus on what is going to work for you over the long term is something that you can garner from the channel and I'm here to share with you guys sometimes the the best answer is the one that's the most obvious and the one that is the most right in front of your face so if you're not involved with financial markets and you really step back for a second and I I know there's a lot of people who will come with to me and say look I mean you're young you can afford to lose 10 000 you can afford to put that to risk with the idea that that 10 000 could materialize 5x okay and I know it's fun to think about turning 10 000 into 50 000 and that it's just so simple to do just to say it is so simple and there will be people that tune into the i2 and they're like dang Ryan said you could 5x 10 grand no you completely missed my point because the justification that you're young and can lose that money only takes hold when you do in fact lose that money and you're sitting on a 10 000 loss and you're looking at it like boy the 50 000 would be nice but I would just kill to have the 10 000 back at this point you know maybe I could have entered into let's say a just shy of a 25 share position on the S&P 500 and live to fight another day you know focus on infusing that asset over time I watch these passive assets and I tell you what I go back and I look at my cost basis on an ETF like the technology sector ETF that that small ETF with a relatively small amount of money has absolutely crushed if you took the same percentage and you hide the ETF itself and you looked at the year over year performance of the technology ETF people would think that you're just crushing it with some level of single stock ownership and only to unveil the whole time you've just done the sector outright and it's just absolutely performed phenomenal some other examples that I can share with the group VIG VIG I'm close to a $10 000 bill in in the ETF VIG runs at about just shy of 10% rate of return per year I just can't ask for any better than that now I own just over 50 000 in that one name around 52 I can share that with you guys but I have no reservation whatsoever in to take in an eight to ten thousand dollar bill at any given time and dumping it into VIG I have no problem with that but when you're looking at single stock and you're looking at a company that is has either either digressed on you you justify in your mind that it's a buying opportunity or the other side of the coin is that the stock has run up so so heavy do you continue to hold do you invest more in it up X number of percentage from your cost basis you're up unrealized potentially in that name those those deliberations I have come to realize and probably realized conceptually a long long time ago but just had to prove it to my stubborn self I think that those deliberations are quite frankly unnecessary and when we move away from those deliberations and teaching upon the hottest stock to buy and why the message becomes much more applicable to the grander audience when we start talking about fundamental wealth building that you know not just one person succeeds on and comes on to YouTube and sells everybody on a five thousand dollar course so you can come in and try to extrapolate or at least associate with my level of success you're not going to have it that success is done the stock market is not duplicatable like that it is not scalable in that nature in so far as I can find that you know connecting of the dots of that perfect you know winding road of stock A and then I go to stock B and then I go back to stock B and then I go to stock H and then stock Z and back to the starting point and I zigzag my whole life in and out of stock and build any type of of duplicatable program I just is it possible yeah but I think to spend any time debating about it or talking about it anymore guys I've kind of chalked up as a waste of my time and I think it certainly does define for me a list of to-dos and not to-dos for investors out there and I think it's much more impactful if we can revolve around those ideas that no matter what your level of expertise is in the stock market and I presume that there are a lot of experts out there that very few of them are actual experts some of which think they're experts and are not but I think for the majority of people out there that are interested in building some wealth for themselves probably don't have even close to what would be considered an expert amount of level in the stock market but my secret to be honest with you that I am dead set on sharing with the grander audience is that I don't think it's necessary and I don't think you need to have even an iota of expertise to grow significant wealth in the stock market and it's that very vein that we want to focus on week over week and that's exactly what we aim to do on the channel I mean take a short break guys I'll be back with you in just a moment Eric's great to see a man shaded lights in the house and Nancy Pelosi is the greatest investor all time well it is fairly convenient to know information before it actually materializes in real life it's as if you get to watch the race in the future and then you go back and you're the only one sitting in the auditorium and you know what car is going to win the race or a horse race or any analogy that you want to use to kind of understand what's going on here Nancy Pelosi strikes me as being a walking dumb box of rocks I hope I've offended somebody I really do she does not strike me as an intelligent individual at all and there's no way you can tell me that somehow now the results speak to the expertise there is no expertise whatsoever related with that it is knowing information prior to uh and investing on that information I'd love somebody to argue with me on that because that's what it is um we we are not ready to that look if you want to prescribe to Bloomberg and and actually pay for I think it's 20,000 20,000 bucks I think to get access to Bloomberg the power of information is incredible now here here's the thing let me give you a small example aduro clean technologies okay there was an article that was shared through my network today and I was fascinated by the article regurgitating recycling failures that we know to be true in the environment and know that plastic recycling historically has has not succeeded in the in the form and fashion that we have at least I was naive to it perhaps there were people out there that were seeking out the ability to buy products that had the circular economy mark on it or the recycling mark on it or they diligently took the green you know recycle bin from the kitchen every single day with their big pile of plastic I can't believe how much plastic we produce the reason why I share aduro is aduro strikes me as one of those interesting companies that would fall into that really really unbelievable and valuable information category that is being made prebi to a youtube audience that has had to pay nothing for the information but is getting the information nonetheless would that be information that would fall under a Bloomberg report absolutely it's one of those rare opportunities that the large institutions have not had a head start on retail investors and that's why my conviction is very bullish my position is very bullish and I think with the opportunity made possible through good information that's it is it my frivolous buying of the stock no it is my it is it is it my careless you know overexuberance with a stock that I hope materializes hell guys the technology has already been validated there's nothing that needs to materialize outside of taking this magical beauty that they have with regard to their technology and finding out how best to leverage it that's it okay once I start to see some physical reactors with the name aduro clean technologies on the side of it that of which they are garnering either revenues by leasing their technology which I think is going to be wonderful through their licensing model and or they strike one big deal with a big oil company shell was named in the article that I talked to you guys about that I read just today really kind of bashing the large oil companies or the large plastic producers to be more specific turning those out into the economy with really zero mandate or responsibility to take that material back in as opposed to allowing it to be subjected to the environment and start to be introduced to the food chain and that's the reality of the current situation really to educate yourself up on that topic and it's not rocket science it's pretty easy it's pretty common sense actually there's nothing in way of special knowledge that was necessary for me to look at it I looked at it and I was like okay this is incredible I start a small position in the company and as the validation has evolved over this over those last couple of years that I've been involved with the company this is a slam dunk now in the acute just like people come on and they want to suggest I can't get that I can't get this I can't get this okay Ryan's you know hanging out there's millionaires in my group for sure and that's fine too I'll never get there blah blah blah just like that unfair assessment in the short term of yourself there's an equally powerful discrediting of a stock that has not materialized yet the stocks close to doubled over the last couple of years that I've covered the stock you know I started covering it at that 52 cents unfortunately I lost the first 10 cents for an inability to pick up the stock and it was something that I actually conveyed with a lot of people seemingly we've identified those brokers and I think just over the last couple of years the stock has made itself more available to the grander investment community through awareness as well as perhaps some brokers loosening up others remaining the same Bank of America is very very strict on their pink sheet trading opportunity and you know is this effort futile it's yet to be seen is is it going to be an opportunity for those naysayers that would just assume all of our plastic end up in landfills and in the ocean and end up in the food chain in the form of microplastics I cannot see myself or anybody quite frankly that has half of a mind about them to be rooting for that end in other words look I can deal with a duro clean technologies coming out with an announcement to say look we don't have the goods our technology isn't the best which right now if you'd like to dispute the fact that they have the best technology on the market you're welcome to do so okay I don't think anybody's brave enough to come on and try to debate me on those terms because they do and and it's it's not even close okay there's not even anybody that's playing close to the level of technology that aduro brings to the table but let's just say for a second that they came out and announced that they don't have the goods okay this would be a huge win for all the naysayers out there all those idiots out there that have very little to no imagination whatsoever about advancing technology why because their singular objective is to identify a company no matter what the company doesn't matter if they are looking to cure cancer it does not matter what their agenda is as pure as it might be right a magic pill that you can take and stop smoking just given you an example right doesn't matter what the initiative is we just have a singular objective to see the company fail now that's not suggesting that there's people out there that have an agenda to make money shorting a stock but I would go so far as to suggest I was made preppy this week to some folks that just have no other agenda than to just bash a company for the sheer sake of bashing a company not really sure I understand in the goings on of my day-to-day activity that I could look to justify that type of behavior if I look at a company and it's not of interest to me then I can move on to the 10 000 other companies and that's just in OTC OTC quality markets and maybe even abroad and then you start to get into the major markets and it just doesn't it doesn't fit into that category of being anything productive whatsoever but hey I guess that's part of the fun for me is observing how different people operate how they perceive opportunity how they look at risk to reward I've just recently upped my position in the company and I think there's no better risk reward profile in my assessment of the majority of the stocks that I cover that it that resides in aduro clean technologies and unfortunately maybe fortunately well fortunately for me because it's going to make me rich but unfortunate that I instead of coming on and actually you know celebrating a good company celebrating the technology because it does work celebrating the fact that it has made a lot of people a lot of money instead of doing that I think will probably have to come on and fight the same battles that we're fighting now with people that again have a singular agenda just to take any name out there irrespective of the name irrespective of their initiative and what they do no matter how strong the management team is no matter if the company's upper management is buying the stock hand over fist there will always be those deter detractors out there and that my friends in essence in a nutshell is really the environment that we play in I'm not going to sit here and say that I wish it was like that or it wasn't like that but it is that's just the way it is and social media provides a fantastic fantastic outlet outlet for those people to come on and and and seek a forum for their rhetoric and that's just the world we live in and me personally I'm kind of entertained by the whole thing I typically pride myself on being an independent thinker so I typically don't put a whole lot of credence if any in the rhetoric that somebody else can gen up or especially having a better idea of what I need to do with my money better than me okay because I really don't spend a whole lot of time specifically telling you what you need to do or not to do with your money um that's your decision and I wish you all the best in doing just that pretty good group here let's get some comments my friends have you heard of mmtlp fiasco and your thoughts I apologize I haven't you got to give me a little more context on the live stream and then I would comment on it but you caught me at an interesting time I will comment a little bit on the investing and you know staring down this milestone and where I'm at in the wealth building cycle I guess for a lack of better terms I'm monitoring calmly I'm not doing a lot of maneuvering right now I'm certainly not heavy buy if I was going to be tilted right now rightfully so it'd be tilted bias towards selling and profit taking it the stock market's at a long time high if there were any positions at all that you would want to seek out any type of value proposition like I have done with the duro clean technologies and I've shared that openly I would rather own a duro clean technologies at a dollar than I would AT&T at 16 dollars that's just evaluating the opportunity cost of that opportunity and and and owning AT&T over the last five years plus has got me where nowhere all right five years from now with a duro clean technology I I can't allow or or or or hide the influx of my voice when I actually say that because I don't think it's going to take five years I think it's going to take I mean three years based on what the company's telling us but I think it's going to be within three years and and those of us who are looking and like Ryan it's the beginning of 2024 yeah but inevitably we're going to be turning the page on new years 2027 and I really feel like we're going to be evaluating a very different company if we're evaluating the exact same company today so be it or they haven't moved on any of the initiatives so be it I just can't see that with the amount of momentum going the reason I share that with you is I'm not making a whole lot of new speculative investments I have the one that I am most convicted on it is a space that I think what's going on in the stock market now if you think that the technology run is going to go forever inevitably you would be wrong in that assessment all markets go down all markets have their day and technology has rolled off the last couple you know I'm down in some of my big tech names week over week and that's fine I don't mind taking Google into a slight downturn but with regard to my total portfolio holdings I've raised some cash rightfully so and I just don't have an appetite right here outside of just monitoring my one speculative position going forward and I'm really I'm really well positioned to benefit incrementally from from any uptick in the stock from these levels and I'll report to you guys on how that goes you're obviously welcome to join me on the ride do your own due diligence on what you want to do but I think the conveyance of information is absolutely defines my responsibility to you as an entertainment venue and that's to provide you the most valuable information that's easy to digest that is fact-based you can go check this stuff out for yourself and if you don't believe that the company's name is a duro clean technologies or it's pronounced in another way please let me know or they don't have technology for recycling plastic they have technology for decomposing human waste then you got to tell me these things okay but I really try to seek out an angle of some level of fact-based reporting out and I really don't see any greater opportunity now and I love the fact that nobody else sees it I love it Jared it's great to see you my friend good evening to you hope all is well with you it's a hell of a thumbnail how'd you do that that looks pretty cool man says win Lambo I'd like to see you get one of course I don't know I'm a larger mammal too I don't know if that would be the most enjoyable choice for me Matt to be honest with you I really like my Tacoma I like it even more that it's paid off so I'm going to continue to enjoy that Ponzi coin 62 the world is insane wow it's like a really short comment but it's it can really really get me going I think this could be one of the greatest financial attacks on this country and we sit there and report out on it like somebody is let me use an analogy that's appropriate not inappropriate we are just absolutely stupid sometimes this has rooted its way into major institutions I would venture to guess that there there is very very few very few in the general populace okay not bitcoin experts not ethereum experts out there and they they are and they fascinating I've studied the topic myself I get it but I'd also consider myself in the general populace and if somebody can answer this for me please and not in a way that is jaded toward thinking that bitcoin is the next coming of Christ the utility of the coin and before you answer please I have a hard time wrapping my mind around an asset that just in the recent past let's say going back 12 months I believe that I could earmark a price for bitcoin a spot price for bitcoin at 18000 okay it might have been a little longer than that but it was not that long ago where bitcoin went from its current levels okay all the way down to 18000 okay so if I was that poor soul to use it in a way that I would expect the utility to define itself to me to be and that is to transact yes in a safe and secure manner I can transact with somebody in Singapore or Malaysia okay I think that's just fantastic I get it I still have a hard time understanding why I have to either suffer or benefit having made that transaction on the positive side of 62 000 or the negative side of 18 000 if all things else are relative okay cost of goods etc the transaction of whatever it is I'm trading for bitcoin or a service or bitcoin for a currency or whatever doesn't matter bitcoin for currency perfect example okay am I the poor shmuck that sold at 18000 only to see it appreciate in in value over the last 12 months to 62 000 yeah yeah um you know I've seen a lot in my life I think there's a lot of people out there that would blame me for not having the proper insight to accept this as commonplace in our society blah blah blah blah blah but I have heartache with owning cash I have heartache with owning stock and investments and in an imperfect stock market and I have my heartache with owning bitcoin I have my heartache with owning depreciating assets unfortunately for me and fortunate through my explanation my depreciating asset gets my ass from point A to point B to earn a living I'm not really sure what that kilo gold bar is going to truly do for me if I own it and have a hard time understanding why I own it by the same token bitcoin is the same if I bought the asset at 18 and now it's worth 62 is it enough in the utility to suggest that the asset is worth significantly more than what I bought it for outside of that I don't see a whole lot of justification for it and it does fit into the late Charlie Munger's explanation of bitcoin and Warren Buffett to suggest that you only own the asset for the idea that you can offload it to the next schmuck for a higher price than what you paid for it whether or not he's right or wrong I'm not going to get into a tit for tat on YouTube about but they do have a point series in the house good evening great to see you thanks for the kind words and thanks for hitting me up and asking me those questions man um hope I didn't discourage you but uh on that particular topic I'm pretty discouraged and Jamie's in the house and then Victor good to see you my friend very good got a good group in here man you guys for the few people that come in every Friday it's pretty loyal I like it it's nice controlled everybody's well behaved they sit back and enjoy the show for me it goes pretty quick so it's pretty fun I enjoy doing it I look forward to it GTN has 17 insiders bought much higher which announced the 8.08 dividend and doing many deals since earnings very cool thank you for sharing I take a mental note to those and I check them actually after the live stream so thank you thank you very cool stuff the pads in the house ticker that tracks Pelosi is NANC very cool Canadian net worth talked to two people just this week who are interested in leaving Canada for the sake of the high taxes so no no offense um I live in New York City and um I pay very little tax here even though the tax is outrageous you know looks like Helen has gone up are you still holding not not presently I'm not I sold on this last run up I mean it was a 250 percent increase made a significant amount off the base and I was glad because to be honest with you holding such a large position in that low recessed price and and and deliberating around the prospects of the company potentially going bankrupt the ramifications of a decision to significantly shift their business and having charge offs in the millions of dollars to unwind that old business coupled with the idea that the new business I'm not as bullish about I like the new technology I really do I don't look at it in the framework that some do in that we were lied to or we were misguided or or any of that I don't really look at it in that way I look at it that the business in and of itself has changed and where there was a lot more of a define of I still have the same bullish conviction about the need for EV over the road I still have that whether it be natural gas whether it be hydrogen fuel whether it be liquefied natural gas the technology is there I think we should be a little bit more crazy about about deploying that the major trucking companies have their thumb on this and and until there's mandates to suggest that they can't stop polluting the trucking space is still the number one polluter on the earth bar none nobody seems to give a shit so I guess neither do I right we both know that that's not true I think the initiative is just as good as it was before they put it on the shelf it's just that the cost of going to market from a small entity was probably futile from the beginning and was provided a hell of a story to come to market now could something radically change where they partner with where they bring it back off the shelf or just outright sell it altogether I don't know but the fact that my conviction has changed doesn't see me holding the company on less than weak fundamentals in my mind as opposed to having that strong conviction on the other side to pursue what it is that I originally invested in in the company all right I hope that gives a good explanation I like to keep that conversation to as little as I can I made really just a ton of money back at the at the bottom trading around that that low core because when the stock did start to move up I had a buy point at like 57 cents in a really really large position and I actually rode that up and was able to recover some losses whether or not the stock continues to go up as really a material as far as I'm concerned because just about in the last couple of months I've able to materialize a phenomenal base in aduro clean technologies it's just investing and money's money the companies are completely different but the money's the same I don't care if I make it in the s and p 500 or highly on or aduro or any other company that I own in my portfolio as long as I'm making that money I really don't care the vehicle that I use to get there and I certainly don't have an ego about somehow trying to prove I my buddy said at the best he said it was Dave I think on Twitter who was like it becomes really pathetic how people almost devote their life's work to proving people wrong or proving people right that are people that they don't even know haha I was right or haha I was wrong and yeah I don't I don't really know how productive that is I can't I can't justify that in any way but anyway we're coming down to the last minute guys kind of a cool just introspective tonight about stock market investing and you know I'm glad you guys stuck with it this was super fast tonight for me super fast it's been one of the most fulfilling weeks that I have had in a long long time both professionally personally it has been truly an amazing rewarding week I can't divulge a whole lot but I was feeling really calm to do the live stream tonight wasn't fired up at all not emotionally charged but hopefully you guys appreciated this little bit of twist tonight on the independent investor channel live stream so I wish y'all the best this weekend next week we will be back we've been doing that live stream next Friday and then after that we'll be taking a couple of weeks off I have a professional hop to make out of pocket and I will be unavailable for the following two weeks so next week will be the final live stream for a couple of weeks and then we'll reconvene toward the end of March so wish y'all the best guys thanks again for tuning in and all the support over the years and tonight on the live stream and we'll catch you in the next one


Welcome to Civil Speedia, the current affairs digital library powered by Shankar Iyer's Academy. As part of today's discussion, we look at Pakke, Hornbill Festival and Alliance to End Plastic Waste and about fiscal responsibility and budget management act review committee recommendations on depth GDP ratio and on an article in the Hindu newspaper with the title India Stares at Water Scarcity. First let us look at this Hornbill Festival. First of all, this location is in the state of Arunachal Pradesh and this Hornbill Festival, Pakke Hornbill Festival, Hornbill Festival is celebrated in Arunachal Pradesh and we should know that there are five species of Hornbill that are present in the state of Arunachal Pradesh. They are great Indian Hornbill, are also called as Great Peer or the Great Indian Hornbill with the biological name as Buceros bicarbonate and the next species is this Austen's Brown Hornbill or normally called as this Brown Hornbill, this also sometimes known as White Throated Brown Hornbill and earlier it was also given the name as Thelomius Ticheli and the third one, this Oriental Peered Hornbill, Anthrococeros albirostris, also known as this Indian Peered Hornbill and it was earlier wrongly named as this Anthrococeros malabaricus. You could find this name in the Schedule 1 of Wildlife Protection Act of 1972, however according to the government of Arunachal Pradesh, you could find this as the biological name and they have clarified that this was wrongly earlier named as Malabaricus and then Rupas Nect Hornbill also called the biological name as Asiris nipalinis and finally this Wrethed Hornbill which was also known as this Bar-pitched Wrethed Hornbill. These are the five species of hornbill that is available or found in the state of Arunachal Pradesh and most of these hornbills are Frugivorous which means largely they are Frutitis. This Ostens Brown Hornbill is the only hornbill species which is largely Carnivorous and coming to the legal protection to the species we should note that all these five species of hornbills were given legal protection under Schedule 1 of Wildlife Protection Act of 1972. They cannot be hunted and we should note that if at all as usually in the month of December Hornbill festival is celebrated in the state of Nagaland and usually for particularly for the last four years this festival is being celebrated in the state of Arunachal Pradesh during the month of January and it is recently in news because the state of Arunachal Pradesh has declared that Hornbill festival will be a state festival hereafter and that is why this Hornbill festival was in news and this in this location we could also find Tiger Resow and also a wildlife sanctuary. With this we come to the we talked about these five species of hornbills also the location Arunachal Pradesh and we saw about these details. Next we shall discuss about this Alliance to End Plastic Waste. What we should keep in mind is that on 16th January of 2019 in London this Alliance of Alliance to End Plastic Waste has been formed by around 30 international or national 30 companies in various parts of the world and this this alliance is also a not-for-profit organization. It was formed with and the alliance has also committed 1 billion dollar with the goal of investing 1.5 billion over the next five years. The main objective is to eliminate plastic waste in the environment particularly in the ocean. Special priority or the primary focus will be given to the plastic waste elimination of the plastic waste in the ocean and also to minimize and manage plastic waste and also promote solution for used plastics thereby to enable a by helping to enable a circular economy that that is there is no new present plastic should not add into waste rather than it should be reused and almost 30 companies have formed this alliance more all these companies will be part of this plastic chain involving production you know manufacturing buying selling reusing of these plastics in general these are the companies and we should note that this alliance has a chairman and two vice chairman and the chairman is David Taylor of this company Proctor and Gample and he is the chairman of this Alliance to End Plastic Waste and the two vice chairman are Bob Patel the CEO of of Landel Basel and Anto or the chairman and CEO of Veolia. They are the two the vice champions and he is the David Taylor is the chairman of this Alliance to End Plastic Waste and we should note that the first press release released by this alliance on 16th January of 2019 has mentioned that they are they are one of the project is to to to prevent or to eliminate this accumulation of plastic waste in the ocean through ten major rivers in the world and and they have particularly mentioned about River Ganga particularly the project called as Renew Ganga project. This project was sponsored by this National Geographic Society in which this alliance is very much interested and we should note that River Ganga every year accumulates around 0.54 billion plastic waste to the nearby ocean and with this we come to the end of this discussion on this Alliance to End Plastic Waste. Next we will discuss about this fiscal responsibility and Budget Management Act review committee which was for which Sri N. K. Singh was the chairman and this committee was appointed in the year constituted or appointed in the year May 2016 which is also called as FRBM review committee because the primary purpose was to comprehensively review this fiscal responsibility and budgetary management act of 2003. This was the primary purpose and and the terms of reference have also found mention to give opinion on the various recommendations suggested by 14th finance commission and also the expenditure management commission. This committee N. K. Singh committee was also asked to give opinion or views on the recommendations given by this 14th finance commission and also this expenditure management commission and coming to what where the various recommendations or proposals submitted by this N. K. Singh committee where we look at this. This they have submitted the report in the year 2017 January the report was made public in April 2017. Some of the very important recommendations are the committee proposed a new bill called as debt management and fiscal responsibility bill in the place of FRBMA act. And they made they have stated that debt should be the primary target for fiscal policy. Keeping this in their their statue and they have moved forward saying that debt to GDP ratio of 60 percent should be targeted with 40 percent limit for the center and 20 percent limit for the states. And they have also given a target wherein by the year 2020 to 2023 there should be only 2.5 percentage of GDP as fiscal deficit and only 0.8 percentage of GDP as revenue deficit and the debt as percentage of GDP or debt to GDP ratio in terms of percentage should be 38.7 percent for the central government at the first central level. This is these are their recommendations and we will also see some of their other recommendations as well. They have asked the center to constitute autonomous fiscal council with a chairperson and two members appointed by the center and they have also given what roles they have to play particularly in advising the government related to fiscal policy. Mostly their area will be within the within the purview of fiscal matters and they have also asked the central government not to deviate much as given in the FRBMA act 2003 the central government may deviate from the deficit target in case of national calamity and in case of national security and other exceptional circumstances. What the committee has asked is to remove this other exceptional circumstances and to bring out clear circumstances in which the country or the government can deviate from it and it has suggested few circumstances as well. And it has also asked the 15th the government should ask the 15th finance commission to recommend the dubbed trajectory for the individual states. This is also one of the recommendations and it has also made some restrictions towards the government of India borrowing from the RBI and finally it has also asked that by the end of 2022-23 a review committee similar to this has to be constituted so as to review the bill which could have become an act. These are the various recommendations related to this NK Singh Chad committee which reviewed the FRBM act of 2003 and these are all various recommendations. This is in news because recently the government of India has published the status paper for government debt for 2017-18 financial year wherein we could find the debt to GDP percentage of the central government has fallen from 46.5 percent in March 1, March 2014 from 47.5 percent in March 2014 to 46.5 by 2017-18 and there were experts saying that this is a good sign for the central government. Similarly, if you take the case of states in March 2014 the debt to GDP as percentage is 22 percent was 22 percent but now by the end of 2017-18 it was it rose to 24. What they are saying the economic experts are saying that this is not a good sign because if the states debt to debt to GDP ratio or in terms of percentages increasing in future it may lead to a situation where the states may may may caught up in a position where they could not service their debts. For example, they could they will not be able to pay interest for whatever debt or whatever money they have borrowed and actually if you do not consider this GDP denominator actually our debt for the central government and also for the state government has increased. If you see it was 56 lakh crore almost approximately 56 lakh crore in the year 2014 and between this and by the end of 2017-18 it rose to 86 lakh crore. We could find a 45 percent increase in the debt and also for the state it was around 63 percent increase but why we why we are taking the GDP in terms of denominator debt to GDP ratio is that because it gives a better picture including the idea of whether the state or the center will be able to service their debt that is whether it could be able to pay interest and finally settle the debt and why we are focusing on the states because the rating agencies are very crucial because every investment investment agency will look at the rating given by the rating agencies and source to make their investment choices. The rating agencies do not give you know a meritorious rating for our state governments because of this increased debt to GDP percentage then investments may not come in and which will affect always in economy like investment will affect the employment opportunities etc and it was also in terms of international best practices that the encasing chat committee has asked the state governments to stay within 20 percent of debt to GDP as percentage and also if states could adhere and also the central governments could adhere to this 40 percent and 20 percent of debt to GDP percentage then it means that Indian government overall is perfectly you know fiscal is stable and also prudent particularly in terms of fiscal realm with this we come to the end of this discussion next we look at this article from The Hindu newspaper which talked about water scarcity where the other states that the government every state government and the national and the center government should make water management or addressing the drought in all over India to be the immediate and the first priority rather than other things and the author has stated that in the year 2019 there is no guarantee that the month of June will witness a normal monsoon here the monsoon means southwest monsoon and he has stated that in the year 2018 during the southwest monsoon there was a national monsoon deficit of 10 percentage and the post monsoon deficit which means the post monsoon means during the month of October to December whatever precipitation or the rainfall that we have received during the months of October to December was called as this post monsoon in other words post southwest monsoon this deficit in the year 2018 was 44 percentage at what we have to keep in mind is this 10 percentage and this 44 percentage or national average it will not give give clear picture it will not give which state has received highest rainfall and which state has received the lowest rainfall therefore the other states if we look closely if we go by region by region if you take for example in Maharashtra there are two regions we know that Marathwada and this part will be Vidarbha and this part will be Marathwada this part will be Vidarbha and this part will be Marathwada and the state of Maharashtra we could see post monsoon deficit of around 84 percentage and in Vidarbha it is around 88 percentage and that is the seriousness of the data that we have and what this drought or what this less rainfall could lead to you know it could aggravate the present water crisis that we have at the national level and also at region level because of the other states it is also because of policies and also because of this corporate driven water transfers here the author mentions the water transferred from rural to urban area from agriculture to industry from poor to the rich and these are some of the reason it will aggravate water crisis and also it will aggravate agrarian crisis which is already looming we could see there are in numerous farmers committing suicides because of various reasons and one of the most important reason is because of the gamble in the monsoon and it could lead to food scarcity because no availability of water will lead to agrarian distress because not much productivity or production of production of food crops could be seen and therefore we could see loss of livelihood and finally loss of lives as well and the author also states that one should not see this justice a farm crisis or agrarian distress alone rather it should be seen as a national crisis because by by april or may of 2019 most of the regions in india would not have enough water to drink or to use for for agricultural purposes be it in cities or be it in rural regions and we should we all know that last year an intiyog report has stated that india is going to face the worst water crisis in its history and before entering into what the author has stated in the article next we will look at this average annual per capita water availability and according to government of india the year 2001 annual annual average annual per capita water availability is 1820 cubic meters and same for the year 2011 is 1545 and what we have to keep in mind is see the annual per capita water availability if it is less than 1700 cubic meters it means water stressed condition that means by 2011 if you take this national average india is already in the water stressed condition even in that period of 2011 if one looks based on different regions or different states we could see water scarcity condition which means if the annual per capita water availability is less than 1000 cubic meters it means water scarcity and the government of india has stated that even in the by the year 2011 several regions it has stated many regions in india has already become water scarcity condition and it has also projected that by the year 2025 there will be 1341 and by 2015 national average will be just 1140 and it is an alarming situation that of course as per the intiyogs report india will face the worst water crisis if certain measures or certain directions are not taken and the author has stated also stated that many a times this drought has given given haunts to india but it is also because of the role of media that it didn't become a famine what here the author author mentions to say is that many a time not the government has made its significant steps in preventing a drought to become a famine rather the media has also played a positive role in also preventing a drought by giving by by by you know distributing the information available so as to tackle the drought at the level of particularly related to agrarian distress and the author has asked all the government and the political parties and all the state government should consider it as a priority because 2019 is not going to be as in the past it will it can lead to a highly difficult situation because there is no guarantee even in 2019 there will be a normal monsoon and the author also called for drought relief water use and food security and massive earth related programs to be made the absolute priority of the central and the state governments and the he also states that any new prime minister who will be coming after the elections has to make a commission similar to national commission on farmers which was constituted in the year 2004 under the chairmanship of Sri Ammas Swaminathan there should be such a commission and the prime minister should be the chairperson and the drought commissioner and should be given a month so as to how to face this drought and how to assist the Indian population and these things has to be carried out two important things here we can suggest for solution of course there are a variety of solutions that can be offered in Delhi there is a Delhi Palla floodplain project what the project means is that here using the floodplain as an aquifer source to provide drinking water and water for users to million people per day in the cities and also in rural regions this is one of the project wherein we could use water coming from rivers for the purpose of consumption in the cities particularly and the year 2008 government of India has launched this national action action plan on climate change wherein one of the one of the sub schemes is the submissions is national water mission but what has to be made is that renewed focus has to be made wherein this drought has to be given a wide priority and absolute priority over others and much focus has to be given to rural India and farmers and then cities because usually when we talk when we talk about this water scarcity usually drinking water will be talked for the cities but what we have to give priority to this rural villages and rural India because it affects the farmers and we have this this this target of doubling this farmers income by the year 2022 but if we have all these problems if we do not address this agrarian distress and farm distress as the as given as the highest priority the situation will not improve and we cannot double the farmers income by the year 2022 and one important thing is that if we do not address the farmers distress or agrarian distress there will not be water to drink in cities in the future or very sooner according to the author with this we come to the end of this discussion we will we request you to like our video comment our video and also to subscribe to our Shankar eyes academy youtube channel for more updates and content on civil services preparation


When we fall in love, some part of us is always hoping we've finally met the person we're going to spend the rest of our lives with. That's why it's so hard for us to make up our minds about whether or not we should leave a relationship when we no longer feel happy. We're always holding out hope that things might get better somehow. On the other hand, however, it's difficult to know for certain if your feelings for someone really have changed or if you and your partner are just going through a rough patch.  With that said, here are seven telltale signs that you are falling out of love with your partner. 1. You notice more of their flaws. When you first fall in love, you can't help but adore all the little quirks that made them who they are, like their need to win at everything or correct other people's grammar all the time. But as your feelings start to fade, so does your fondness for their so-called quirks. All the things you used to find so endearing are now starting to get on your nerves. Their flaws become harder to ignore and you find yourself feeling more irritable around them. It's a subtle shift in your attitude towards them, but it's also an early warning that you may be falling out of love with your partner. 2. You don't communicate as much. Whenever you're having a bad day or just receive some great news, your partner was always the first person you wanted to tell, right?  But lately, you don't feel like talking to them much anymore, and you're not as open as you used to be with each other.  Take this as a definite sign that you and your partner may be growing apart. 3. You spend less time with them.  Do you hardly go on dates now because of how dull or uncomfortable things have gotten between you two? When you find yourself wanting to spend less time with your partner, it might be an indicator you're falling out of love with them. And though there was once a time when all you wanted to do was spend time with this person, you just can't seem to remember what that felt like. 4. You feel more attracted to other people. Do you find yourself feeling more attracted towards someone other than you do to your own partner? Is it just an innocent little crush, some harmless flirting with someone you find attractive? Or is it giving you more joy and excitement than your current relationship? If so, then it's time for you to re-evaluate your feelings for this person. Because when you're really in love with someone, they're the only person you want to be with. You don't find yourself thinking about anyone else when you're with them, and you certainly don't nurture a casual flirtation more than your own relationship. 5. You stop picturing a future with them. One of the greatest things about falling in love with someone is that you look forward to building a future with them. You think about how you're going to celebrate your anniversaries, what trips you should go on together, and ask each other serious questions about commitment and even marriage when you reach a certain age. So if you find yourself suddenly no longer able to picture a future with your partner in it, then there's definitely trouble in paradise. Because it shows that you no longer feel like this relationship is meant to last and that you are entertaining the possibility of no longer having this person in your life in the years to come. 6. You stop prioritizing your relationship. Do you frequently forget about your dates and other important plans with them? Do you cancel on them at the last minute and spend all your time focusing on your work, studies, or other relationships? When you stop making your relationship a priority in your life, it means that you no longer value it. You're not willing to compromise with them, make sacrifices for them, or set aside time for them because you're already falling out of love with them. You don't feel lucky to be with them anymore, and you've stopped seeing your relationship with them as special. 7. You've lost respect for them. Finally, but perhaps most importantly, losing respect for your partner is a sure enough sign that you've fallen out of love with them. In any relationship, respect is every bit as crucial as love because it often comes hand-in-hand with trust, care, and support. Maybe you've found that they lied to you and betrayed your trust, or broke one promise too many. Whatever the reason may be, it's made you apathetic towards your partner and driven a wedge between you you fear you might never recover from. Because the moment you lose respect for someone is the moment you realize you no longer have any second chances left to give. If you find that you relate to any of the signs mentioned here, then it might be time to make a decision, leave the relationship, or try to patch things up between you and your significant other. Whichever choice you make, it helps to understand the problem between you two and figure out what caused you to fall out of love in the first place. Please do share this with those you think might benefit from it. Thanks for watching.


hey everyone welcome back to figure fantasy so before we start off with this strategy and build guide i'm gonna give a shout out to kz lee for pointing out the correct pronunciation of chow chow not kow kow so chow chow um is his pronunciation um zheung liang as well um the pronunciation is zheu ki liang so those are the right ways to pronounce their names guys so for those who have not yet learned the correct pronunciation so zheung liang is zheu ki liang and kow kow is chow chow okay so thank you guys i know i have seen a lot of um comments on the pronunciation i forgot actually um your names but thank you guys for keeping me you know keeping me informed and let us proceed to the strategy build guide of chow chow okay so let's start off with his skills this is going to be a very interesting figure so attacks and enemy starts from the first enemy in the same line attack speed is intermediate so it's called ink strike the detail of the figure is actually pretty interesting so a lot of minions there for poison so upgrade effect of this basic attack is going to be attack deals attack deals additional damage to poison units and level three boosts the damage from basic attacks by 25 so those are your um additions for basic attack let's move on to your ultimate big dipper fatality attacks the target and the enemies next to it and inflicting poison for five seconds clearly they haven't stated really how big the poison is so let's just leave it at that the poison damage i mean energy regeneration is going to be six per second upgrade effect is level two increased damage by 38 percent reduce hit of enemies healing effects received and lifesteal by 10 for five seconds reduces hit reduces healing effects as well so again poison healing effects a reduced healing effects so those are just two debuffs that he has level three is the duration of the poison and healing reduction effects are increased by three seconds so again it's going to be eight seconds each time the target unleashes the ultimate the duration of the poison effect increases by additional three seconds as well so again um i'm not sure if this guy is going to be op but definitely he has creepy skills so poison deals damage to an enemy per second and for each additional debuff to the target boosts poison damage by 20 so definitely if there are other debuffs if you have other figures that have debuffs or give debuffs definitely this will help them and will help each other so for his passive sword enemy the target for the basic attack will take heavy poison damage over time i'm not sure how big is the heavy poison damage but it's definitely heavy allies have a 20 chance to deal 100 splash damage to nearby enemies when attacking a target under heavy poison so there's a chance although it's less it's only 20 but at least it's there heavy poison effect cannot be removed by purification so take note of that level two is increased heavy poison damage by 60 when um when inflicting heavy poison on the target for the first time in battle also stuns the target for four seconds so you have stun you have poison you have healing reduction so again this guy is going to be a headache uh in a lot of content so level three when the target dies while under heavy poison effect chao chao will definitely deal damage to all nearby enemies and inflict poison for three seconds so again a lot a lot of poison going around so special p as there are no other enemies around the target under heavy under heavy poison effect chao chao will deal 50 percent increased damage to the target okay so last is going to be special skill king of way boost the damage of the basic attack by 12 percent and level two boost attack by five percent at attack speed by 10 boost the damage dealt from basic attacks by 18 percent so those are his skills guys so um off we go to um strengths and weaknesses so definitely his defense would be his strength attack is not bad as well but definitely his weakness is going to be his health so you have to more or less um protect him or give him some heals probably if he's um vulnerable by aoe so again there you go so you can actually because his parts later will not be augmenting his health so you have to keep him alive by keeping by healing him from time to time and also uh position him in a spot wherein he's protected most of the time okay going to his parts or his gear so this is how i geared him for now so i'm experimenting with this one so my current gear is um quick attack set i want him to deal a lot of poison with his current target then i also have here basic attack power plus 18 percent so another alternative is swap out your quick attack for attack set or swap out your basic skill set for crit set so those are your other choices i'm going with this one i'd like to experiment first on this one if this is more suitable for him for his parts moving on to the badge so in terms of badge um this is the one that i mostly recommending so eternal nightmare badge boost attack speed by 10 percent basic attacks have a 21 percent chance to bounce lightning off four times each time dealing equal dealing damage equal to 80 attack and um the ones that i think will um help you as well if you don't have the eternal nightmare badge would be end time divinity badge so basic attacks have 30 chance to deal extra damage equal to 80 80 percent attack so but eternal them eternal nightmare is what i'm recommending if you have an extra you know a badge there for him choose eternal nightmare badge so this will be your end game badge for chao chao okay so moving on to team composition so definitely chao chao will excel in a debuff team so he is going to be a nightmare if he has a lot of teammates with additional debuffs it's going to be compounding um because one of his skills adds damage when a target is already has a debuff pair him with ai hino hara which will actually you know we're actually waiting for her still but definitely she'll be dropping so if you pair her with ai hino hara um it's going to be a nightmare but again they are um of night nine or probably snow a snow uh forgot snow uh what do you call this snow a not snow eight snow a figures then it's really it's really gonna be hard to bring them up in terms of tier in terms of their stars but definitely i would be a good um you know pairing for him any team could really benefit for him is what i think he's one of one of the best specialists that we have for now in our game so if you have a chance to get copies of him please do level him up um secondary damage dealer is his actual his actual function while you have your monster damage dealers in front then again perfect as a debuffer and in a debuff team with poison heal reduction and just a little bit of stun for him so those are recommendations for his team composition for content let's go out of here and definitely i would consider him for final battle for code v because of the mobs that you have to take out also as a zeal i would consider him for pvp i'm also considering him because uh poison um there's a big chance that he could wreak havoc in poison then also mostly all of the mob stages here like board game odyssey you could actually bring him here as well then also nightmare so if you guys um bring him in nightmare he could be good and also in the campaign by the way so if you need a debuffer um if um he actually would be good if you have a good frontline that could defend him while he puts out a lot of poison and also damage he would be good a good a good again another just to add to the team composition um another one could be two defenders um then him then you have a healer then you have another dpser together with chow chow so i think that is a good lineup that i think i'll see in the future with him in that team so after content my final thoughts for chow chow is this gives us really another unique figure to you know to experiment on another win condition or another most most specialists usually have less damage or don't have a bigger damage i think only only zantacane has a big damage for a specialist and now we have chow chow to at least you know um being that category of a specialist but with heavy damage his is more on debuff so i think it would take a while to build up to his potential um damage but again if you leave him alone in a match up he will definitely make you pay in the end so that is my assessment of his build his strategy hope you guys um got something from this guide and if you have comments and suggestions just uh put them down in the comment section below and also guys while you're here please do subscribe to my channel because again this really helps me a lot thank you guys stay safe take care this is the warden and i'm out of here


What is going on guys, welcome back to the channel and I appreciate you being here today. I am back with another Destiny 2 update video and I'm going to fill you in on all the changes coming with their 1.1.2 updates, the one about Armor Masterworks. So let's get into it. Now this will come later on today or you probably already have got it by the time you've watched this video, but yeah, none unless it's the 1.1.2 update for Destiny 2. Armor Masterworks, legendary armor now has a chance to drop as a masterwork. Any non masterwork armor may be upgraded to masterwork for 5 masterwork cores and 20 legendary shards. Upgrading to masterwork may rework the stat of the armor. Masterwork armor grants 3% damage resistance while players are in a super state for each masterwork armor piece equipped. Masterwork armor can have a different stat package, heavy light, restorative from the base armor piece. Players may rework masterwork armor to randomly assign one of the three base packages to the armor, allowing players to reroll the stat packages on their armor piece by piece. Reworking masterwork armor requires 1 masterwork core and 10 legendary shards. Like weapons, armor masterworks have a higher drop rate from trials 9 and raid activities. Benedict 9940 now has a rotating stack of armor and weapons available each week. To unlock these items for purchase, players must complete the corresponding activity that week. Raid encounters drop at least one armor or weapon item. Note, the Castileman Reactor escape encounters drop 1 legendary engram per week. Completing a prestige version of a raid encounter prior to normal difficulty will drop both prestige and normal rewards while also locking the weekly rewards for each activity. The last encounter of raid activities has a chance to drop a new Exotic Ghost exclusive to the Leviathan. Raid armor has unique mods that only function within the Leviathan. Raid mods can be swapped at will for the cost of one raid token. Existing raid armor already held in inventory will automatically have the option to equip mods. All raid encounters now have a chance to grant an Exotic reward. And as we found out from the weekly update, these Exotic rewards do drop, won't drop as engram so you don't have to go back to the crypto to equip them. They will drop as an Exotic weapon or armor piece which you can apply straight away. With so many great changes here already to speak about, I like the idea of being able to re-roll your raid armor mods at the cost of one raid token. That's pretty cool. I love the idea of that new Exotic Ghost exclusive to the Leviathan. Great great great additions. Moving on to the sandbox and the Prometheus Lens, flame refraction perk now generates ammo instead of pulling from reserves and increased base damage. Lucky pants, fixed issue where the illegally modded holster perk would provide infinite ammo. Ophidian's aspects, fixed issue where the cold titanic perk did not function properly when using weapons with the quick draw perk. I am alive, revive perks on the Eater of Wards grenade launcher to include a second trait perk, moving target, remove the augmented drum and high velocity rounds perks, fixed issue where grenade projectiles could remain indefinitely after being hit by a telefstal in the crucible. So we're going to move on to activities, fixed issue where warp gates did not always function when players were completing heroic mercury adventures, revised the description for the heroic adventure depowered modifier to correctly state that grenade damage is decreased when the modifier is active, revised the description of heroic mercury adventures to properly state availability. Players may play up to three heroic mercury adventures on a given day. Each heroic adventure may be played once per twice weekly reset. Heroic adventures are no longer automatically selected at weekly reset. Mercury challenges are now available during adventures, fixed issue where new characters created after the release of Curse of Osiris were not receiving the flashpoint milestone, fixed issue where scannables for faction rallies were not properly appearing during faction rally events, trials and nine nab properly shows requirements when the featured map requires Curse of Osiris ownership, revived the lost sector reward throttle from 10 minutes to 5 minutes, fixed issue where players could no longer progress during the final encounter in the tree of probability strike, moving on to UI, fixed issue where Iqo would display a waypoint in error or that was so damn annoying I'm glad it's been resolved, players in social spaces receive a notification when their postmaster lost and found is full, chess waypoints now properly appear when using scout reports on mercury, colourblind settings now apply to elements of the gauntlet encounter in the Leviathan raid. Armor offered by Brother Vance now displays mud slots when previewed in the vendor inventory, fixed issue where players would see incorrect level up UI when leveling up alternate characters from levels 21 through to 25. Auto rifles now correctly display perks when players are previewing weapons within the vault, adjusted the display order of gear sockets, mud shaders etc in the item detail screen to be more consistent, increased the dismount of timer for masterwork cores, masterwork weapons and armor now display a gold border when being viewed in the postmaster lost and found. Crucible players will be properly notified when power ammo is acquired from the cave area on radiant cliffs, moving on to rewards, reduced the amount of XP required to earn an illuminated engram from 160k to 120k, great great addition, the crossroads emblem correctly displays within collections for players who have earned the emblem. Character models no longer flinch when spawning into social spaces with spawn effects equipped, update the names of spawn effects to properly reflect their in-game appearance. The gold spotlight effect is now yellow spotlight effect, the blue class sigil effect is now the purple class sigil effect, the new monarchy helmet ornament icon now displays the correct helmet, the new monarchy cloak now displays the correct imagery for female hunters, fixed an issue where the future war cult gauntlets will display floating geometry, going smith engrams correctly grant weapon foundry shaders once again, fixed an issue where three of coins was not increasing chances of exotic rewards when players were completing public events on mercury, her oak strike completions now have a greater chance of granting exotic rewards, fixed an issue where the cursor also strikes will not properly grant clan engrams when featured as a nightfall activity, ArcSight 99 will now offer gaunt smith engrams to players who have reached level 20 but have not yet completed the red war campaign, good to see that they've actually fixed three of coins because there's definitely an issue with getting exotics when using them, there's no doubt about it, I did a test and there was just no change, it was ridiculous so I'm glad to see a fix. I'm gonna move on to misc which is the last category they actually cover within this update, gleaming boon on the vanguard price reduced from 350 to 250 bright dust, fixed an issue where challenges were not appearing within quick play, fixed an issue where masterwork cores and mod components were not being forwarded to the postmaster lost and found, fixed an issue where destiny could crash when players were changing emails quickly, fixed an issue where players could not interact with vendors after fast traveling to a social space, fixed an issue where the battles on the lucky raspberry was not properly attached to the character model, fixed an issue where some sparrow contrails could obstruct player view, fixed an issue where the get up and sneaky emails could not be in the player imagery at the same time, cade now properly acknowledges player accomplishments during military flashpoint weeks when granting the flashpoint engram rather than asking the player about the weather on the I.O and fixed an issue where survival would display the wrong text when granting players rewards from the heroic strike milestone. So quite a few changes come with a 1.1.2 update patch which like I said you should be able to download pretty soon or if you're watching this probably the day after I've posted it you've probably already got it and these are the changes that come with that patch but guys I hope you enjoyed the video if you did leave a like really does help me out tell me what you think about some of the changes you've seen and witnessed today and hopefully people I will see you on that next one


From around the globe, it's theCUBE with digital coverage of AWS re-invent 2020. Special coverage sponsored by AWS Global Partner Network. Hello and welcome to theCUBE virtual with our special coverage of AWS re-invent 2020 with additional special coverage of APN partner experience. We are theCUBE virtual and I'm your host, Justin Warren and today I'm joined by Angelos Kotas who is vice president of product marketing at Elastic. And he comes to us from San Francisco. Angelos, welcome to theCUBE. Thank you, Justin, a pleasure to join you. Great to have you here. Now I've been a big fan of Elastic for a while, have used your products in a variety of circumstances. You're big partners of AWS and have seen quite a bit of change over the last couple of years. We were talking just before we came on air. Maybe you could talk us through what Elastic is doing with AWS and a little bit about those changes that you've seen over the last little period. Sounds good, Justin. So first of all, many people know Elastic as the makers of Elastic Search, one of the most popular open source search engines. And along with Elastic Search, we have Kibana and Beats and Logstash and many people know us as the Elk stack, right? And so clearly we have roots in the open source community and people have used us for custom applications for years and years. One of the key changes over the last few years is that we realized that many customers were doing some of the same things with Elastic. So we said, what if we really focus on end-to-end experiences for our three core use cases? And so we chose three use cases and built solutions around them. One is Enterprise Search, right? Which is how do you find information on your website, in your application or in your workspace? The second is Observability. So think about software development, software in every industry, what about DevOps, what about performance, what about consistency? And last but not least, especially with some of the current transitions in digital transformation, think about security. Think about your network security, your endpoint security and how you have visibility across your entire IT ecosystem. So we've chosen those three solution areas and put significant engineering into building out that experience. How quickly can we deliver value? How pre-built can the configuration be, the integrations be, the workflow, the reporting and the dashboards around those use cases? The last piece, which is very relevant for a reinvent is the transition to cloud, right? So we still offer downloadable software and many of our customers and users download the Elastic stack and deploy it on-prem in hybrid cloud environments. But one of the fastest growing deployment models is in the public cloud. And of course, Elastic Cloud on AWS is one of our major rough market. Happy to meet many of our customers where they are, which is on AWS. And it's great to be able to have that choice, I think, that people can download the software, try and get comfortable with it. But then people often find that actually running software yourself, there's quite a lot of work involved in doing that.  So it sounds like you're actually taking care of a lot of that for customers if they move to the cloud service. But is there anything else special about the cloud service that customers might not be that aware of? Well, I mean, choice is a big part of it. And so it's not just, do I choose cloud? It's wearing cloud. So we've actually, we now run Elastic Cloud in over 40 regions around the world. So we can be close to you in terms of latency and in terms of performance, in terms of data sovereignty, we can be local to your environment. The other aspect, it's not just how we simplify deploying Elastic, clearly we architect it, we install it, deploy it and upgrade it for you. But also we have focused quite a bit on integrating cloud data sources. So with AWS as an example, we look at all of the applications and data sources that you host on AWS. And we think about how do we get those data streams? How do we get that data directly integrated into Elastic? One final piece actually, which I forget sometimes, it's not the technical side, it's the business side, is the commercial integration, right? So we are very happy to be listed on the AWS marketplace. We've made it easy for you to find, deploy and actually build through your AWS commercial agreements via the marketplace integration. Right, so easy to get started and to start using it. And search is certainly something that Elastic is famous for. But you mentioned observability there, bit of a question I have around observability. Is that just a fancy way of saying monitoring? There seems to be this buzzword around the place. So what do you mean when you say observability? So one of the key foundational principles of the Elastic observability solution is that you want a unified database, a unified place to store all of that data. So it is stretching across logs, metrics, application traces. It's bringing together a common platform that lets you look at different aspects of observability. So whether you're doing end-to-end application traces or whether you're just collecting infrastructure logs and looking at performance metrics, it's kind of across the board, even looking at things in our most recent release that just came out last week, expanding on user experience monitoring and synthetics so you can optimize web interactions and web experiences, for example. Right, okay. So there's a bunch of different types of data that are involved there. I know traditionally people would silo those off into a specific customized thing just for that particular type of workload. What is it about Elastic that means that you can put all of this in one place? Yeah, you know, one of the early catchphrases for what does Elastic do? What do we focus on? The value we deliver is speed, scale and relevance. And so one of the things that is famous about the Elastic way of doing things is the way in which we index data on ingest and so that you can get search queries that return within milliseconds. And so that performance characteristics. A second one is scale. And this is actually really key, not just for observability, but right next to observability, you get security as well. We like to say, if you're gonna observe, you might as well protect as well. So when you expand to that universe, you have not just hundreds of devices, you might have thousands or tens of thousands of devices that you are ingesting information whether it's operational data, whether it's security data. So scale becomes extremely significant. How can you scale horizontally and vertically and maintain that performance even when you are at a Fortune 500 scale infrastructure? The last piece is relevance. And so, you know, that data, it's not just about knowing what to look for, it's about using things like machine learning and anomaly detection to uncover unusual patterns of behavior and proactively alerting and making that visible through notifications and through alerts that can actually integrate not just with your elastic operations, but actually with third party software. Maybe you wanna trigger a service now ticket or a slack integration. And all of that is part of the elastic platform as well. Right, okay. So by putting everything kind of in one place that is around what you're talking about. So we have enterprise searching there to be able to find things. We're collecting all of the data that we need to find things. And then you touched on security at the beginning and we're starting to talk around security there. So I'm keen to move on to that. By looking at all of these different, these signals, we can hopefully then manage some of the security which I know is very much front of mind for everyone over the last year. Cyber security has very much come to the forefront of everyone's thinking. Absolutely.  So we've had our SIM solution, you know, security information event monitoring, but we made a very strategic acquisition a little over a year ago. We saw that a critical piece of visibility is also the endpoint. And so we partnered with Endgame and eventually we acquired Endgame to create end-to-end visibility on that security. So it is being able to connect, you know, the path of data from your servers and network devices all the way to the endpoints. And an example of the power of this unified architecture is the new elastic agent that we introduced in beta a couple of months ago. We said, what if we had a single deployment that both does endpoint protection and does malware scanning of your endpoint devices while also ingesting data into your observability systems? And so that's kind of the power of the platform, the ability to use common infrastructure, common integrations so that every use case you adopt on top of elastic, it sort of multiplies the value you're getting from using elastic as an infrastructure player. All right. So you're combining a couple of different things into the one tool that you can use. I know Sizao who I've spoken to are quite concerned about the proliferation of tools that they have in their environment. It seems that they've bought lots of different things but a lot of them are kind of sitting in a drawer not really being used. And partly it's just we have so many different ways of dealing with these issues. None of it's really flushed out, sorry has been fully fleshed out that we definitely know this is the one true way to solve this. So what are you hearing from customers as they start to use these security functions? What are they telling you about the way that they're managing security in their environments? Well, you know, we think about a few different personas in the security market, right? We think about threat hunters for example who are looking to identify threats. We're looking at the operations team that do the cleanup, that do the, you know the resolution of security threats. And we also, so there's two competing terms in the security market, we have security operations. In the observability world, we have DevOps, right? And developer, you know, the continuum of developer and deployment into a DevOps role. And so we're starting to see this concept of DevSecOps, right? What if there is a unified set? And it's not all things to all people and that's an important thing, right? We're not trying to be your single security vendor for all IT security needs, but instead we're saying what if you had a security operations analyst, a threat hunter, an executive, a CISO who's looking for, you know, an overall level of threat or compliance to policy? And you can bring those experiences together through the elastic security solution. Right, so it sounds like you're trying to allow people to work in the way that they need to, providing them the tools that suit their particular circumstances. That's right, that's right. And I mean, in terms of how do you define success, you look at metrics like mean time to resolution, you know, can we reduce the mean time to resolution? Or you look at log collection and how much more efficiently can you collect logs?  They reduced that MTTR by 30% for security incidents. So dramatically streamlined and shortened the exposure. And then they increased asset monitoring by 35% across cloud as well as on-prem. And I think that's the other piece is that, you know, whether you deploy your security in the cloud or on-prem, you are looking to secure your hybrid environment. And so being able to take data feeds from your SaaS partners, from your infrastructure running on AWS, as well as from those endpoint devices. Well, it sounds like there's plenty of scope of interesting things for people to come and have a look at at Elastic. So, Angelos, thank you so much for joining us here. Please thank you to my guest, Angelos Cottes, Vice President of Product Marketing at Elastic. You've been watching theCUBE virtual and our coverage of AWS re-invent 2020 with special coverage of APN partner experience. Make sure you check out all our coverage on your desktop, laptop or on your phone, wherever you are. I've been your host, Justin Warren, and I look forward to seeing you again soon.