So we can get started. It's a pleasure to have Takato Yoshimura, which will talk about collision rate ansatz for quantum integrable systems. And if Takato, can you share yours? Yes, I can share. Sure. Let me. Yes. So, okay. Do you see it? Yeah, please. Go. Okay. So, right. Let me first thank for the organizers for kindly inviting me to give a talk in this workshop. I think this is really a great way to keep the community united. So, yeah, it's really a great pleasure. So what I'm going to talk about in this talk is that my recent work with Haberspon about the collision rate ansatz for quantum integrable systems. So here the collision rate ansatz refers to a particular ansatz for one of the most important quantities in the business of generalized hydrodynamics, which is a hydrodynamic theory for integrable systems. Okay. So let's get started. The plan is as follows. So I think as a first speaker, I'm entitled to have a pleasure of reminding you of some basic tasks, but elastic and diffusive hydrodynamics. So I'm going to talk about it. And then later on, I will move on to some generalized hydrodynamics and a proof of collision rate ansatz in integrable systems. Okay. So hydrodynamics. So this talk will be all about hydrodynamics. It's a simple idea. It's basically an effective theory for describing the long wavelength dynamics of some interacting many body systems. It doesn't have to be quantum or cross-cut. I mean, it either works. And of course, it's just simply so it's considered some one-dimensional interacting many body systems with this number of consolidation laws. And simply stated, the idea of hydrodynamics is local equilibrium and it's stable propagation. But it's simple to say, but there are a lot in this statement. And in practice, this idea is implemented through the continuity equations. So basically you can write down the continuity equations for the average of the charge density and current like this, where this average is taken with respect to some initial ensemble. And this is always correct. And it holds that you want to have a situation or whatever time. And now this idea of hydrodynamics, which is local equilibrium and stable propagation is achieved. Basically, this hydrodynamics allows you to replace this current average with this derivative expansion. So the first guy is describing the ballistic transport. So it's the simplest. But the second one is with wind tricate, which is characterizing diffusive broadening of the plastic transport. And this is a kind of subleading term in the sense of david expansion. And because of this spatial derivative, this can be capable of describing the finer-scaled dynamics than this plastic transport. And you might wonder if you persist this procedure, namely inclusion of higher and higher derivatives, this description, hydrodynamics gets more refined and refined. But that is actually, as far as I know, that's not true. I mean, it results in either the result that is not really physically sensible, or just gives rise to nothing additional. So in general, you basically a truncate after this diffusive correction. I mean, the second term in them, what you get is nothing but the famous nervous talks equation. All right. So I haven't defined this matrix A and D. So this A matrix is simply defined by this differential ratio involving J and Q. And this is just covering the plastic dynamics. Well, this D matrix, I mean, this is really a diffusive matrix, is controlling the diffusive broadening of the plastic trajectories. Another quantity that is equivalent to, actually, this A matrix is the eigenvalues, which we will denote effective velocity VF, is also going to play an important role. And actually, what I'm going to do really is to determine the form of this effective velocity for integral systems. Right. But just these are some equations and definitions, you might not really have good intuition as to what these quantities describe. So to have some intuition, it might be instructive to consider some weak perturbation to the initial background ensemble. So you initially, say, have some homogeneous background ensemble, and you locally perturb that ensemble. And what happens then is that some ripples on top of the homogeneous background ensemble that is propagating with some velocity. And because I'm considering weak perturbation, this velocity is basically constant. And this is nothing but effective velocity. So I'm here considering normal mode. It's kind of a linear transformation of the original physical fluid variables. It's just in transformation. And the good thing about it is that it has a unique velocity. So this normal mode profile is spreading like this, sorry, propagating with effective velocity. And what then this diffusion constant or matrix does is to allow this profile to broaden in the course of time evolution. And this is controlled by this t to the one half basically, it's the broadening. But there are actually, in particular one dimension, the cases that where this diffusion constant for some component is diverging, which results in this broadening, we controlled by a different exponent, not one half, but some other components, exponents like one third or some other fractions. And this is called the most diffusion in general. And I guess this is the topic here and the couple will be talking about I think today's session after our session, I guess. But I'm not going to talk about it. Today I will be really focusing on the body transport and in particular how to determine this form of effective velocity for interval systems. Okay, so far it's all applicable to any interacting many body systems, also in higher dimensions, but from now on I will shift to the interval systems. Okay, so in interval systems, you have a very nice machinery called thermodynamic bed and that's that allows you to do statistical mechanics in a very systematic fashion. And also it allows you to write down these two important ingredients in hydrodynamics, which are charge dense average and current average in terms of causal particle basis. So I guess a lot of you saw this expression already when in the last let me briefly describe. So this role of theta in this expression is called root density, it's characterizing some density of distribution particles, like causal particles, each of theta on the other hand is really simply one particle eigenvalue of the charge qj and by just merely looking at them, you notice that they are almost the same except this the appearance of effective velocity in the current. And its form is actually known from this or initial works and also the works by Bruno and others. And it's really a functional of raw theta. So, but this form is was originally conjecture, I mean we did provide some sketchy proofs, but it was conjectural. But now we have basically two different proofs that establish this the form of effective velocity. So one of them is making use of form factor expansion basically, and it's resumption. Another one is more recent and it was done by the blush by making use of some sort of long range deformation to the interact in integrable spin chains. So we have two different kind of proofs, but either way it gives rise to the same results. So there's really no doubt about this, the form of effective velocity. So today what I'm going to do is to provide you a new proof that relies neither on the form factor expansion or the formations. And I think I okay so I also wrote down this hydro equation. So by just plug in this q and j and their average into this continue equation and then what you see immediately is that this hydro equation at the level of the causal particle must hold. So this is what we normally call generalized hard dynamic equation, and this is what the Bayer equation that describes ballistic transport in integrable systems. Of course, if you want to include diffusive correction, then it's something additional appears in the right hand side, but that is not what I'm going to talk about. Okay, so I think I still have time. Right, so this effective velocity is has a nice allows us to have some nice understanding intuitive understanding from the scattering picture. So basically in a fluid of causal particles, I mean, causal particles is basically the electromagnetic excitations in integrable systems. Effective velocity is the mean velocity of a tracer particle, basically a particle that you are you focus on with the incoming velocity v of theta when traveling over a large distance that acts for large time t dot t. So there is a relation between these three quantities. And here, what we what is intriguing is that you can basically decompose this large distance, travel distance by this tracer particle into three components. So the first term is really simple. It's just describing spatial displacement that is generated by freely propagating tracer particle. But of course, that that is not the end of the story.  So in the course of time evolution, your tracer particle will undergo a lot of collisions with other causal particles. And that effect is encoded through the second third term. And you notice that they're the only difference between these second third terms are the sign in front of the summation. And this is really stemming from the fact that depending on whether your tracer particle hits other causal particles from left or right, you would get different sign. So that is the reason why you have different signs in front of the summation. And then what is summing over, what is being summed over is this jumped instance, which is what I'm noting by phi of theta. This is related to the two particle scatter metrics. Okay, so you can basically consider it as this is a travel distance as an accumulation of the jump that is happening at every collision with other causal particles, plus this freely propagating, I mean, this spatial displacement that is generated by this freely propagating propagation. And by, you can just look at this, for example, cartoon, I drew, for example, right hand side, this is really happening, what is happening when this tracer particle is propagating in the spacetime. So upon the collision, you, so in here, I'm depicting the case where I interpret this collision as a kind of sticking process. I mean, what upon the collision to cause a particle stick each other, and then after some time delay, they start propagating with the same velocity as before. But this resulting in this spatial displacement.  So I'm depicting this time delay case. Okay, what is important here really is that whatever interpretation you have, what is accumulating is this phase shift, phase shift five. And by carefully calculating these contribution to this distance, what you end up with is this very nice formula for the effective velocity, which is really an integral equation. So you can basically do a standard iterative procedure and then you can solve this interrogation. All right, so this is a kind of picture you can have in your mind when talking about this effective velocity in interval systems. Okay, I can't go to the next slide for some, okay. All right, so the proof. So this proof is going to be really simple. Only two inputs are needed. The first one is the symmetry of B matrix. So I guess you are familiar with charge-charge susceptibility matrix, which is a standard susceptibility matrix involving just two charge densities. But you can also define charge current susceptibility matrices, which are denoted by B like this. It's just differentiating current with respect to some kind of potentials. And I'm of course considering some stationary GGE here. Okay, so obviously this matrix C is symmetric. But what is less obvious is that the B matrix is actually also symmetric. You can kind of show that B matrix is also actually symmetric by invoking some stationarity of the state or clustering for the correlation functions. In general, this symmetry B matrix is satisfied. So that's what we can expect in general. The second one is about the existence of a self-conserved current. So this is also quite often the case. For example, if you consider some Galilean systems that conserved the number of particles, then your particle current is basically conserved. And it equals the momentum. Here, mass is set to 1. On the other hand, for example, in the xxz-spin half-chain, the energy current is always conserved and it coincides with the higher charge q2. So in many cases, you have a self-conserved current. I mean, basically a unique self-conserved current. But there are some known cases where such a situation is not happening. The one of the prominent examples is Fermi Haber model, in which model the energy current is conserved. So it is good to bear in mind that there are exceptions. But my proof is going to work for as long as these two inputs are always satisfied. Okay, so the starting point of the proof is to write this current average in this fashion. So this is always possible just by merely invoking how this charge density average looks like, the first slide, which is nothing but the integration of some functions. Oh, the concept of momentum. And it's also linear in the hj of theta. I mean, the one part going again by the qj. So by just from this fact and also continue equation, it's always guaranteed that you can write this current average in this way. What is just not known is that how, I mean, the part except this hj of theta, this bit is still not fixed by this consideration. So what I'm going to do is to write this integrand in this way. And I'm going to determine, I'm going to claim that V bar has to be indeed be given by no form of effective velocity. That's what I'm going to do. Okay, so let's suppose that we have a pair of indices a and b that gives this bridging pair. So j a is conserved and it coincides with q b. From this, you'd have immediately this identity between c and b matrices. And by using the symmetry of c and b matrices I was talking about, this also implies this second identity, c jb equals b j a. And this is precisely the identity that I'm going to rely on. So the symmetry of the matrix and the existence of a bridging pair admits this identity. I mean, this second identity can be also written in this way. All right, so this extremely simple relation, I mean, it's as if it says almost nothing, but this is actually an retrieve identity. It's going to be a kind of core identity proof. Okay, so the varchy of this identity is that this derivative with respect to chemical potentials directly go through these integrants. I mean, it applies to integrand and also doesn't affect h j of theta because it's not a function chemical potential. So what happens is that this identity can be actually recast into the identity at the level of a particle like this. This is really, I mean, the same argument that we do when deriving the generalized hydrodynamic equations. Okay, so you have this identity. So from this, you can do a little bit of manipulations to the right hand side, and then you can basically show that this right hand side of the identity equals something like this, the derivative of rho times vf with respect to mu a. So this can be shown very easily. And this means that, and also this, you can show explicitly for systems that are known to possess a self-consumption current. And this identity basically means that then this rho times v bar minus vf is constant in mu a. So this is what we can say up to now. Now, depending on the model, the argument might be a little different, but fundamentally they are the same. For instance, in the leaf linear model, which is the gallium variant integrable field theory, you can easily show that rho of theta goes to zero whenever you're taking this limit. I mean, mu a goes to infinity. So this free constant must be zero. And this then claims that v bar has to be the same as the effectiveness, I mean, no form of the effectiveness. So this is it, basically. This is the end of the proof. And it's very simple, like just some few line calculations actually show that. All right. A similar reasoning is also actually possible in the case of xxt spin half chain, and more broadly, in the xyz spin half chain, because they have also a booster operator. Okay. So I think I'm kind of running on time. So the symmetry of BMETR is, like I said, always basically guaranteed. I mean, not maybe not always, but in most cases, as long as your system satisfies some very basic properties. Yeah. But then the question now is, do we always have a self-concept current in integrable systems? And the answer is, like I was mentioning, quite often, yes, but not always. And one exception is frame how about a model? One simple kind of circumstantial evidence that tells you that frame how about a model cannot have a self-concept current is that. So what lies behind this thing, the existence of the self-concept current is the existence of a booster operator that can be written in as a form of the first moment of some consulate trash. And indeed, frame how about a model does have a booster operator, but it cannot be written in that way. So that would be probably the reason why it doesn't have self-concept current. Okay. So I think I should probably conclude. So the main message is that effectability is basically covering the plastic transport in any systems, including integrable systems. But as for the integrable systems, basically by invoking the symmetry of P-metrics and the existence of self-concept current, you can determine the function of form of the effect of velocity. Yes. And also, I guess you noticed that there's no, there's your argument in it. It's really, as the rigor says, time-adventure standards could be. So I think it's a good thing. Also, like I said, frame how about models is an exception that escapes our argument. But I guess there is a way to kind of generalize our approach to establish collision-rate standards for effective velocity in a frame how about a model. Right. And also, I was just talking exclusively about effective velocity or in general, the current generated by Hamiltonian flow. But you might as well also consider the flow generated by other concept charges. And accordingly, we can also define sort of generalized current, so to say, to that flows. And our approach can actually also work for that to establish the form of the generalized current. So we didn't write that in the paper, but it's actually possible. Okay. The final remark is that the boost operator is up, like I was briefly mentioning, it's important in this proof. And actually, also, boost operators appear in the, there is it work by blush, about long range of formation, including interval spin chains. And in doing so, he established also the effect of velocity. So boost operator seems to appear here and there. And I think it's very natural to wonder if there's any universal role this boost operator could play in generalized hard dynamics. And yes, that would be very nice to be clarified. Okay, I think, yeah, I'm more or less done. So thank you for your attention. Okay, so thanks. I don't know. I can clap for myself. Good. So we have five minutes for questions. Are there any questions? To ask questions, just unmute yourself and ask it. Okay. Can I just, will you hear me? Please. And I want to ask Takato, at the end of the story, the presence of a single subconcept current can prove the symmetry of the matrix. At the end is just one end, you know. I mean, the B matrix, I mean, B matrix is always symmetric for any component. The B matrix, maybe they see, I don't remember the notation. You can go back to the slide. Yeah, you can stop me. The creation of the current and the Q. Where? I'll set the point to say that we are using the presence of a subconcept current to prove the symmetry of a correction function. Yes, that's indeed. Yes. So is there the B matrix? Yes, this is defined by a single subconcept charger. There is a charge, there is a current, and the current is conserved, but it proves the symmetry of the whole B matrix for whatever kind of charges you want to put in. I didn't get this point. Why you need only one subconcept? It's not, it doesn't have to be. I mean, it happens to be that it's just, there is always a unique subconcept current. I mean, the point is that from just the existence of only a subconcept current, it doesn't have to be unique, just some subconcept current. And from that, you can generate, I mean, do this kind of... I understand why a single one is sufficient to prove the symmetry of the whole B matrix on all the other currents and charges? No, I think I said, like I said, the B matrix is symmetric for... Let me just... I think there are two separate points, Alvize. So he's saying that B is always symmetric, if I understand it. Yeah, yeah, yeah. And then you also need the second point, which is this subconcept current. It's a separate issue, but B is always symmetric. Okay, okay, okay, sorry, I didn't understand. Yeah, we do need two inputs. I mean, not failing to have one of them is really, I think, invalidate hardware. So we have to have both of them. Okay, okay, okay, thank you. Hi, you hear me? Yes, I do, yes. I just wanted to ask a simple, probably trivial question, but I was wondering if there is anything non-trivial when you have more than one particle species, so more than one effective velocity? Well, I don't think so. I mean, for example, in the X-X-Z-P half chain, you can also generalize this argument very trivially. The fact that many case models, I mean, accept some very special models like, how about the model? The fact that those models have a subconcept current does not change. So argument goes through really. I mean, this, for example, this identity has nothing to do with the particle species. So having more particle species, that fact will probably enter into some, yeah, like for example, somewhere like this, but it does not change anything. You can do a similar argument for any every single component. So yeah, this has nothing to do with a number of species, I would say. Thanks. Okay, hi everyone and hi Takato. I would like to just add that you didn't mention, but there is also a new microscopy proof, which I put to the archive like three weeks ago or something like this. I know, I'm aware of that, yes, yes. Okay, but you didn't mention, so it... Sorry, yeah. Does it, it is kind of a new proof for the effect of those tests? Well, I thought just thought that you established that the current operators, I mean, you basically found a way to construct current operators. Yeah, but it also, it leads to the proof, yes. Okay, okay, nice. Sorry to mention. Okay, thanks. But also, it's good for Balazs to mention this, but for going deeper, I think it's better to do it in the discussion session later. Okay, a very quick question, otherwise we have to move on. Okay. Okay, so let's thanks Takato again.


In order to address some of these issues, these authors whose reference I gave in the beginning have suggested the ecosystem perspective on HRN. What is the ecosystem? Ecosystem is an interaction of several variables which has input, which take input through certain process and which has certain output. Ecosystem are always made up of or we can say a ecosystem, an ecosystem is always made up of a small ecosystem which is part of the larger ecosystem. So, ecosystem here refers to a group of interacting yet semi-autonomous entities that depend on each other's activities and therefore are somewhat hierarchically controlled. This is the model given by these authors which suggests that intermediary platform form has exchange with the requester, gig worker, exchange takes place in all these three players. And on the platform ecosystem, HRM uphold the multilateral exchange and multilateral exchange is shaped by HRM activities. What are the HRM activities? Ruman resource or workforce planning, recruitment and selection, training and development, performance management, compensation and benefits. So, these activities still take place even if in the gig economy form, there are practically zero full-time employees. So, they do have full-time employees in their Airbnb office or Amazon office or Uber office, but that number is much, much lesser in comparison to the number of drivers Uber has or number of the delivery boy or number of the restaurant being enrolled with the Zomato. But they are also even pertaining to the requesters, they use certain HR activities in the different shape and different form and that not only helps in upholding the multilateral exchange that also is shaped by a multilateral exchange. So, ecosystem approach is very useful because like any ecosystem, this ecosystem, the gig economy firm if considered ecosystem also is constituted of certain entities that include at least gig worker, requester and intermediary platform firm. Second, the three entities make up an ecosystem because they interact to supplying labor, lending labor, matching labor supply and demand while remaining semi-autonomous entities. And thirdly, exchange among gig worker, requester and intermediary platform firm are characterized by interdependence and multilaterality. So, the whole system can flourish together or sink together. We can take example, we can understand this ecosystem with the example of Uber. When Uber driver withdraw from the Uber ecosystem, there is a limited value created for the passengers. So, for the passengers, it is a value diminishing act. Contrary also hold when passenger is stopped hailing taxi driver or taxi rider via the Uber platform, Uber drivers will not reap any benefit as there are no earnings to be made. Ultimately, the value to intermediary platform firms also depend on the ongoing contribution of gig workers and requesters. So, therefore, ecosystem actors are said to be complementary in nature. The activities of one ecosystem actor do not function and provide limited value without the action of other actors. So, value creation requires constant fruitful functional interaction of all three entities. And the entities can increase as the complexity is increasing, as the technology is becoming more and more sophisticated, we are seeing multiple entities in any online platform system which constitutes the gig economy form.


So next up we've got another instructor from daygame.com, John Matrix. He's an executive instructor. I think he's got an awesome video for us. I'm looking forward to that. He's known for his chilled style and he's taught daygame in London, New York, and Oslo. So let's welcome John to the stage. Hi guys, I'm John Matrix. I work for daygame.com alongside Tom Terereo. And I want to start today by saying that what I'm going to tell you today is probably going to be a bit controversial because I'm going to tell you that a lot of the stuff that you've heard and a lot of these videos that you've seen on YouTube of guys approaching girls during the day, a lot of that is flat out wrong. And you know, you're probably thinking, well, why should I listen to this guy? What does he know? So I'm going to tell you a little bit about my story. Tell you about my style. And then I'm going to explain why this is the case. And then a little bit later on, I'm going to show you one of my videos so that you can see what I'm talking about and see it in action. So who is John Matrix?  But that just wasn't the case, you know, looks, it helps to be good looking. But if you don't have any confidence, you don't know how to talk to women, it doesn't make a bit of difference at all.  You know, I saw a couple of girls when I was in my teens, a couple in my 20s, but I never ever approached a girl in my life. Never. And I mean, day game wasn't even something that I thought was possible. So for me to meet a girl, it would have to be in a, you know, in a bar or club. There wasn't any other, any other way to do it. I was very socially awkward, just uncomfortable, generally.  And then I'd wonder why I go home alone. And I couldn't, I couldn't get my head around it. And it's just like, I don't understand why don't girls like me just didn't make sense. And then as I started to get into this stuff, I realized that women don't think like men at all when it comes to attraction. You know, as a man, you see a really hot, a hot girl, you're immediately attracted to her.  And even then, if she's a 10, you know, but with women, it's completely different. Their attraction to you is based mostly on your personality, your charm, your charisma. You can go up to a girl and to begin with, she's not that attracted to you. And then by the way that you behave and by your personality and your aura, your charisma, you can make her very, very attracted to you very quickly. And that's why we're lucky as men, because we can become more attractive to women when it's not at all based on our looks. Women aren't so lucky, unfortunately, you know. And for them, once the signs of fertility are gone as they get older, they lose their attractiveness as men, we get more attractive as we get older. So now I'm going to talk a little bit about my style of pickup and where I got it from and how it came about. So with Daygame, I found out about it through a friend. He showed me a couple of videos, explained what it was about. He took me out into the streets. And I actually remember the first time I went out, it took me 45 minutes to do my first approach. I was that nervous, I was that scared. But I said to myself, I can do this. I've just got to put the time, put the effort in. And I'm a very motivated person when it's something I really want. So this was something that I'd really, really wanted my whole life and I'd never had it. So I thought, right, let's just do this. Let's just put the effort in, put the time in and we'll see what happens. And then I met with Yad. I did some training with Yad. I incorporated a lot of his ideas and a lot of his style. So to begin with, it was almost like I was copying him. But then eventually what happens is you develop your own style. So now maybe I still have, there's a couple of things I kind of do like Yad, but it's changed. The rest of it has changed into my style. And I feel like I've come up with a style that suits me perfectly. And I think it's one of the most effective styles that you can have. Now, a lot of guys, when they watch, if they were to watch a video of me, I don't know on YouTube or whatever, the first thing they're going to say is like, wow, this is really boring. Where's the attraction? What's going on? Why isn't she laughing? Why isn't he spinning around? Where's all the jokes? But what somebody like that, when they're saying those things, what they're missing is the subtleties of what makes a good pickup. It's got to be natural. That's the key to it.  Definitely you need to attract her. But the moment she thinks you're trying to attract her, you're going out of your way to try and make her laugh. Attraction's gone. And for me, that's really, that's what it boils down to. So when I said most of what you've been told and the videos that you've seen are wrong, what I'm saying is it's about defining what attraction is and why she's attracted.  But do you think she's going to want to go on a date with you? Do you think she's going to answer a text? And it's like a process you go through when you learn this stuff. To begin with, you're really, really nervous and you can't even approach a girl.  And this goes on for quite a while. It can go on for weeks or months. But if you keep going, eventually what will happen is your anxiety, your approach anxiety and your fear will disappear. And what happens then is that turns into excitement. And this definitely happened for me. I remember when I was doing training with Yad, the first time I went out with Yad, I watched Yad for a few hours. And then I started doing some approaches afterwards. And I literally felt like chains had been taken off me. And I was just talking off the top of my head. But I was really energetic and excited and happy. And that's fine because it's natural for you to feel like that. But what you need to realize is that... So let's say that nervous and being nervous and fearful is like the beginner. Being really excited and going in with all this high energy because you... Basically because you can. It's like saying, look at me. I can go up to this girl. I've got no fear. Look, I can do all this stuff. Wow, this is crazy. For me, that's the intermediate level. Now, the sign of an advanced guy or an expert is when you just tone that down and it just becomes chilled. So if you're watching an approach and the guy is confident, but at the same time, he's not hyper-excited. He's not cracking loads of jokes. He's not laughing himself. That's the sign for me. That's the sign of an expert. And that's kind of like I feel the process that that's what happened with me. I went through a period of where I was getting really excited. I was going into set and just because it felt so good because I could suddenly do this now. But what you've really got to understand is that you need... The next level from that is about toning it down. It's about finding that perfect balance between attraction and comfort because too much attraction or only attraction and you become the clown. So she has a great time. She's laughing. Wow, this is fantastic. But she's thinking like, wow, if I go on a date with this guy, is this how it's going to be for the whole date? She's definitely feeling stuff. She's laughing. She's enjoying it. But when she thinks about it, she'll go away and she'll just be like, wow, that was crazy. But that was fine. Let's leave it at that. Do I really want to see this guy again? I don't know. And the other extreme is only comfort.  But she's not going to feel anything.  Nice guy.  So both of these two extremes don't work in my opinion. What you need is to find a balance between the two. So your jokes, they need to be more subtle. You're teasing. It needs to be subtle.  That's kind of, it's like the English style of humor. That would be the sort of jokes that I would make. And they're the same jokes that I would make when I'm with my friends. And that's how you need to talk to these girls. You need to go up to a girl that you've never met before and you need to talk to her like she's your best friend. And immediately when you can do that and you just assume familiarity with them, it makes them so comfortable. It really does. And it's about not censoring yourself. It's just about talking off the top of your head, not planning what you're going to say, taking the piss out of her. Just being playful. But doing it in a way where you're not trying to do it, if that makes sense. You can't go out of your way to be this way.  So it's not something that you can just get immediately. In order to do these things, you need to be really, really in the moment. And this is going back to what Tom was talking about earlier about flow state.  She's just made a mistake in what she was saying, bang, going to tease her. And something that I've noticed I do in my sets, and I didn't realise this at first, but it's something actually that Tom pointed out to me, is I continuously alternate. I flip between comfort and attraction all the way through the set. So it kind of keeps the girl on her toes. So one minute she's thinking, this is a nice guy. Okay, I'm enjoying this. And then suddenly bang, tease her. And she's like, Oh, is he hitting on me? Is he teasing me? And then back to comfort and then back to attraction. But it's something that it comes with experience. It's taken me what I've been doing this for two and a half years now. And probably I reckon, as Tom was saying, it was when we got back from Oslo last year, that was when things really started to click for me. And I found myself just feeling like I'm on all the time. I can be just completely relaxed, no anxiety. I can tease the girl. I can make her comfortable with me. And that's what it's all about really. Okay, can we play the video, please? Excuse me. Sorry, can I tell you something really quickly? Okay, I just literally walked past you. And I thought you looked really nice. And I wanted to come over and say hello. Oh, sorry, I'm French. I'm not here for a long time. Okay, don't need to apologize. I'll tell you what I noticed, because you looked, I actually thought you were Spanish, because you got a nice tan. Yes, I am originally from Spain. And then you lived in France? Yes. And you're on holiday? Internship. Internship? Yes. Okay, so you're working in an office? Yes. Fair enough. I do prospecting and photo-opening customers. Okay, and you get paid? Sorry? You don't get paid before it, do you? I don't understand. Do you get paid? Money, they give you money? No, no, no. It's experience. Okay, fair enough. What sort of company is it? It's Makeover and Designs. Makeup? Makeover and Designs. Okay, so people's makeovers or helpers? No, no, no. It's a design of wedding cards. Wedding cards. Okay, that must be fun for a girl. Do women love weddings? Yes. Naturally, but it is good. Yeah, yeah, yeah. Okay, because I mean, I've actually never been to France, if you can believe that. I'm probably one of them. No, no, no. You have to go to France. Everybody in England has been to France except me, but I've never been. Yeah, you have to go to France. But what I've found, what I've found on what I've heard is that French people can be quite rude, especially from Paris.  But no, you know what? It's perspective. Compared to some places, London is a rude. Compared to other places, London is a really friendly. Like when Scandinavian people come here, they say that London is really friendly. Yes, but I think people... You're not leading the way, so please. I think people... I think with French people, though, is they don't like outsiders. So, if somebody goes to Paris and they're not from Paris, then they're not very accommodating.  Okay, they don't like people who come from the outside. They like their own people. Yes. You know? No. I'm sorry. My English is so bad. Yeah. But the English that you speak is actually okay. Yes. But you just don't understand a lot of the words that I'm saying. Yes. I am looking for a TV series to learn English. Okay. And I don't know where I can find it. A TV series? Yes. What do you mean? Like an educational thing, or you just want to watch TV? No. Watch TV. Watch a series. No. Yeah. Well, there's loads. I am looking for a gossip girl. Gossip girl? Yes. What? How are you looking? Online? I want to buy a TV series. Oh, I see. I see. Okay. I understand. I don't know. I've never seen gossip girl, so I don't know. But I'm guessing you could probably find it online. You've got a laptop. You could find it and watch it for free online, probably. Which websites? Oh, I don't know. But if you just put it into Google, watch gossip girl online free. It will come up with some stuff, probably. I don't know. I have to go and send for each. Yeah. I've just noticed now all your stuff. This, this, this. Are you like a rock chick? Sorry? Are you like a rock chick? Why is it? You're into rock music. Rock music, yes. That's what this stuff tells me. Maybe heavy metal. It's maisteil. Huh? It's maisteil. Okay. But do you know what you need to go with that? It's like a leather jacket and jeans. Yes. And some boots. Yes. You're dressed, you're dressed kind of in a... I have the boots. Yeah, you've got the boots. But you need a bit more like, yeah, like jeans, leather jacket, motorbike, you know? Sometimes I wear jeans and jacket, but not today because it's a sunny day. Yeah, you, yeah.  So what part of France are you from? You're actually from Paris. Paris, yeah. Headquartered around Paris. You knew France. Not really, but go on. The name of the city is Samarth. Samarth? Yes. No, I don't know. Is it in the north or the south? It's, sorry? South. It's in the south? What is south? North, south, west, east. Oh, east, okay. Yes. Okay, fair enough. Yeah, yeah. I've got a couple of French friends, actually. And they're both women and they tell me they love it when they hear English men trying to speak French. Okay, so try to speak French. English men can't pronounce the air. Yes, okay. I can do it, but I either overdo it too much and it comes out like... My name's Foie. Foie. Foie. Okay, it's good. Bonjour. Yes. It's good? Yes.  They can't make the sounds, you know? I think when you try to speak another language, it is hard for everybody. Yeah, yeah, yeah. No, I can't. I mean, I did French at school for like two years, but I can't really speak French. French is very hard. Yeah, it is hard. But I can do a French accent. Yes. Allure, my name is John. I go to the club. I dance at the club. Our fans are coming with us. Yeah, what's your name? Petrina. Petrina? Petina. Petina. That's a very French-handling name. John, nice to meet you. I will listen to Petina.  Would you like to join me? Just like 10 minutes. We're going to sit down and grab a cold drink. Yeah? Yeah, there's a Starbucks like just on the up. Okay, so yeah. So that's the kind of stuff I'm talking about. So yeah, a lot of guys could watch that and just be like, it's boring. It's just a chat. But for me, that's what a good pickup is. If someone was to walk past in the street, they wouldn't think anything was going on. It just looks like two people talking to each other, you know? Okay, so now I just want to talk a little bit about specifics. So just some specific day game techniques, things I can talk about. So the first one I want to talk about is about low investment in general. What we really don't want to do is put the girl on a pedestal. This is really important. The moment that a girl's value is up here, or in her mind her value is up here and your value is down here, it's really hard to make it go like this, to come back up. Going up to a girl and just be like saying, oh my God, you're so amazing. You're so stunning. You're gorgeous. It's too much. The vibe needs to be, I talk to hot girls all the time, you know? I saw you, you look really nice. But that's it. It's what we call a low investment compliment. It's about like the analogy that we use at daygame.com is like how a fashion designer or a photographer would talk to models at a photo shoot. Now the fashion designer walks into a room full of models. He's not going to go, wow, you look amazing. You know, you're so stunning. He's going to walk around. He's going to be like, yeah, you look good. You look nice. Yeah, I like that. That's good. And that's kind of the vibe that we teach at daygame.com. It's being relaxed. It's not investing too much because you go up to a girl you've never met her before and you just start piling up on all this stuff onto her.  It's too much. It's too much. And as soon as you start doing that, your value starts to drop. With women, you really want it to be like this. You want to have the value and she's down here. And with a lot of girls, as soon as you approach them, especially English girls, the value is going to be like this. With foreign girls, it's a bit different. If you meet a foreign girl in London, you already have a lot of value in her eyes. But with an English girl, it's level pegging. Immediately it's level pegging. So going up to her and putting her on a pedestal and saying like, you're so stunning. I love you. It's too much. It's too much. Low investment. Okay. And this is something that's really common. Me and Tom see it all the time. It's probably the most common mistake that a student will make. And that's approval seeking. Now approval seeking, it permeates through the whole approach. And it manifests itself in a few different ways. So things like voice tone. This is the biggest one. Voice tone.  You want to create rapport with them. So naturally as human beings, what we do is we make our voice tone go up at the end of a sentence. So I saw you. I think you look really nice.  I think you look really nice. I'm a little bit scared. So I'm going to just play it safe. You've got to be, you've really got to watch your voice tone. When you talk to women, you need to be talking to them in a way that I'm talking to you guys now. Your voice tone should be level. It's really, really common. It's just, and I think it's something that's innate to just us as human beings with the English language. Other languages I don't know. But it's this way of talking to people where it's like how, if you imagine, okay, when I used to work, I used to work at telecoms and media company. And whenever the boss of the whole company was around, you listen to how people talk to him.  The voice tone, the things they're saying, that's kind of how I see it in my head.  You're saying, I want you to like me, please like me. What you think is more important than what I think. It's more important than me. The moment you do that, like a stunning girl, she gets that all the time.  So things like smiling too much. If you noticed in that video, when she's talking, I'm not smiling, I've got a straight face saying things like, oh cool, oh wow, everything she says. It's like you're not even listening to what she's saying.  She's like, but I don't know, whatever. But I love Spain. Oh yeah, great. I love Spain as well. Yeah, I'm a serial killer, fantastic serial killer. It's like, you see what I mean? You're not listening to what she's saying. And I see this all the time with students. It's like this auto reaction to just say, okay, oh, interesting. Wow, everything she says, don't do it.  I'm just standing there and okay, okay. Yeah, yeah, yeah. Boyce tone flat. There's no approval seeking whatsoever. Trying too hard. Again, this goes back to the attraction thing. Leaning in, trying too hard.  All these things are just going to do the opposite to what you want. It's kind of counter intuitive. It's something that I had to learn the hard way because I made the mistakes of doing these things.  So you start doing all these approval seeking things. But what you'll get is the opposite. Women are going to be repelled at you, not attracted to you. So approval seeking is a really, really important one. As I said, it's probably the most common mistake that I see on bootcamps. So just watch out for it. Voice tone, smiling too much, saying things like, oh, cool. Oh, wow, what she's saying.  Don't say it. Okay. That's all you need to say. Okay. Yeah. And yeah, leaning in too much and trying too hard. Okay. So leaning in, that leads me into the next thing I want to talk about, which is body language and eye contact. Now these are really, really important. So to begin with, when you're learning this stuff, you're going to be a bit in your head.  What should I be doing with my legs? Where should I be looking? Yeah. But eventually what will happen is it will all become natural. As you become this confident guy that's comfortable talking to women, you'll start to adopt relaxed body language. So what you need to do is get out there, get over your anxiety and just keep doing it and doing it and doing it until you become this relaxed guy. So the way that I generally stand when I'm talking to girls is kind of like this. So it's not head on. It's I've put my weight on one leg. I lean back a little bit. I could put my arms here. I could have my arms by my sides. I could have my arms in my pocket. And it's kind of like a very relaxed, could take it or leave it. I could turn around and walk away at any minute. It's that kind of, that's the vibe that you're looking for. You don't want to be like this, like confrontational. It needs to be just kind of, yeah, I'm relaxed. I'm chilled. We're just chatting.  It's no big deal. Eye contact is really important. And actually I think that although eye contact is important for men, I think it's even more important for women. Women react to it in a much stronger way than a man would. So as a man, yeah, when you have eye contact with people, you can feel a certain intensity from it. You meet someone and they've got really strong eye contact.   Like most women will say, eyes are the most important thing. So when you approach that girl on the street, the first thing that you should be doing for the first, I don't know, 30 seconds is like laser eyes. We call it laser eyes is you make eye contact with her and you don't break it. You just hold that eye contact. You know, with a cheeky smile on your face, eye contact with a cheeky smile, that's magical for a girl, you know. And a game that I used to play because I used to be very shy. And if I was walking down the street and a girl would make eye contact with me, I would just look away immediately, you know. And that was just a habit I had. I just didn't want to make eye contact with girls anywhere, you know. So what I started making myself do was I play a game where when I go out, I'm going to make eye contact with every girl that I can and I'm going to hold it as I walk past them until they break it, you know. And yeah, it was difficult at first, but, you know, it made a big difference. It's a lot of fun. I love it.  But even girls that you're not interested in, just play a game, go out and think, right, now every girl that I see, every chance that I get, I'm going to make eye contact and I'm going to hold it either until she's walked past me or until she looks away. And that's how it should be. It should be the man is dominant, the woman is submissive. You make eye contact with her, she looks away. That's naturally how it should be. Okay. The next thing I'm going to talk about is flipping, we call it this flipping the script. Now this is something that you do after the hook point in an interaction. If you don't know what the hook point is, the hook point is the point in the interaction where she's shown an interest in you. It's that point where you're not suddenly just this stranger on the street. She's asked you a question now. You know, that's what we teach. She's like, if you're in an interaction and suddenly the girl says, so where are you from? That's the hook point. Now she's interested in you. You're not just this random guy. You're somebody that she will kind of wants to get to know a little bit. So when this happens, what flipping the script means, it means dialing down your energy and making her start to invest. So when you go up to a girl that you don't know, to begin with, you've got to do a lot of talking. Yeah? I mean, I'm sure a lot of you know about this stuff. You can't just go up and just start asking your questions because she'll be gone in two minutes. So you've got to go up and you've got to make your statements. You know, you may ask a couple of questions, but you're going to be making statements to her, telling her things about herself, maybe telling a story, anything. But you're going to be talking. You're going to be making statements. Now, at the hook point, that's the time when you need to start dialing down your energy a bit. Fold your arms. The moment she starts qualifying herself, fold your arms, keep a straight face. Now, people say, oh, folded arms is bad body language. It's closed. But actually, when you do this and someone's talking, it makes it look like you're judging them. And that's what you want.  So she's talking. You should be like, OK, what are you talking about? She'll say something. You can repeat it back to her with a sarcastic tone. I don't know. She says, I've just arrived in London. I've been walking around all day.  It's like you're judging her. And you can literally just do this all the time. And it's so powerful because it's completely the opposite to approval seeking. You know? It's like I'm not agreeing with everything she says. I've got my own opinion. And yeah, I could do this and I could just disagree with everything she says just because it's fun. But actually, I find the best thing is actually just to be honest. So when you talk to someone, when you meet them for the first time, there's going to be things you disagree on. So have an opinion. Just say it. Don't hold back. Don't sense it yourself. Keep your body language relaxed. When she starts to invest, dial down your energy, fold your arms, lean back. Look at her with the straight face. The poker face, the straight face is really important. I see so many guys just smiling all the time. Throughout our whole set, they're just smiling, smiling, smiling. It's not normal. You know? When you talk to your friends, when you talk to your best friend, you're not smiling all the time. Yeah, you'll smile when it's appropriate. You may laugh a little bit when it's appropriate, but you don't smile all the time. So just have a straight face. And what I've found is this stuff is so powerful. Like it's amazing, but it works. It makes women attracted to you when you're talking to her. Just relax. Hold your arms and look over the poker face. It's really, it's powerful stuff, trust me. Another thing I like to do is I'll call out what she's thinking. So if I approach a girl and she looks at me in a kind of funny way, then I will cut myself off from what I'm saying and I'll turn it into a joke.  Yeah? And then she laughs and it immediately diffuses the situation. And I actually use this all the time. If she looks at me suspiciously, I'll say, I love how suspicious you are. What's going on? And she'll laugh. If she's making it really difficult for me, if she's not giving me anything, I'm plowing and plowing and she's just not giving me anything. Then I'll say it. I'll say, I love how you're just, you're not cutting me any slack. You're making this so tough for me.  And it works so well because you're like, you've diffused the situation, you know? So just remember that phrase, I love how, yeah? You can use that for anything. I love how tall you are. I love how sweet you look. I love the way you're just looking at me like, what's going on, you know? And it just diffuses the situation. If you can call out what she's thinking and turn it into a joke, it's not a problem anymore. And the last thing I want to talk about is closing. And closing solid. So a lot of guys, when they go for the number, like they've done this great approach, she's attracted, she's built a bit of comfort, you know? And it's time to close. The whole thing goes out the window and they go into this approval seeking kind of thing where they'll say, oh, this has been really nice. Can we swap numbers? Or this has been great. Maybe I could take you out for a drink sometime, you know? And it undoes all the work that he put in. At daygame.com we say open strong and close strong. The rest of it in the middle doesn't have to be that fantastic. But if you can open really, really strong and she's looking at you with the frame of like, wow, okay, this guy is confident, you know? He knows what he wants rather than is he trying to sell me something? What does he want? Yeah? And you can close in a way where you're basically, you're not asking her permission. At no time in an interaction are you ever asking her permission for anything. Yeah? You're telling her what you think. You don't really care what she thinks. You know? And this is so attractive to a woman.  Yeah? He's not worried about what she thinks. He's just saying it like it is, you know? So as I was saying, when it comes to closing, I see so many guys kind of do this little dance when it comes to getting a number and it just becomes really contrived. It comes out so contrived. So the best way, easiest way to open and I got this from Yad and it works every time is at the point when it's time to close, you say, I tell you what, I would love to invite you out sometime and then just look at her in the eye with a straight face and don't say anything else. That's it. That's all you need to do. And when she says, okay, or yes, then you just get your phone out and it's obvious that she's going to give you a number. But at no point do you actually say to her, can I have your number? Maybe we should swap numbers. Yeah? You're telling her, you're giving her a reason. It's what you want to do with it. You want to go out with her. Yeah? Obviously, if she says yes to going out with you, then you're going to get your phone out. And then at that point, if she's not comfortable with giving you a number, she might say, I tell you what, I'll give you my Facebook or my email and that's fine as well. Yeah? So that's all you need to do is you need to, at that point in interaction, where you think, okay, now's the time to close is just to say, oh, I can see you in a rush and you got to go. But I tell you what, I would love to invite you out sometime and then just look at her with a straight face. And I think I'll leave it there. That's it. Thank you. Oh, we've got a Q&A. Yeah. Okay. Any questions? Oh, yeah. Yeah, yeah. I forgot, actually. And just to sort of thank all you guys for coming today, we've got some free stuff for you over on daygame.com. And so if you just check out www.daygame.com forward slash, is it 21 convention or just 21? Yeah. So it's www.daygame.com forward slash 21 convention and there's free videos and stuff for you there, guys. So check that out. Okay. Any questions? Yeah. I was wondering, my way of interacting with people is always quite high energy and you're talking about toning it down. So I want to be as much me as I can when I'm interacting with a woman and how can I, well, should I still lower my energy on purpose? That's a good question. I think as long as it's coming from the right place, then you don't need to do anything. What I'm talking about is my style and my style is very chill. Now, not everybody is like me. As long as the energy is not coming from a place of approval seeking, then I think it's fine. Because if you're being yourself, then that's what this is about. But when I was saying about not going in with all this high energy, maybe that was the wrong word. I shouldn't have said that. What I should have said was going in, trying to attract her, going out of your way to try and attract her. So having high energy is fine. If you're a high energetic guy and that's your natural style, then that's great. But just as long as it's coming from the right place, it's coming from a place of like, this is me and I'm comfortable. It's not coming from a place if I've got to be so high energy because otherwise she's not going to like me. So I think it's something that... You'll find your own style. I don't know how experienced are you with this stuff. You're quite experienced with daygaming pickup. You may find that as you advance, your energy may start to come down naturally.  You start to not care so much about the outcome. And that affects how your whole demeanor, your whole behavior in the interaction. Once you really don't care, and that's something that I should have mentioned earlier actually, once you really don't care about the outcome, it just permeates through everything, through the approval seeking, through your body language. It's like, I really could just walk away at any minute. So yeah. You've mentioned about kind of being natural and not trying too hard and not being invested and being outcome independent.  You really are kind of trying to act differently to the way you naturally do, and then it becomes natural because of more experience. That's kind of it. Like I said, there's a process where to begin with, you're just nervous and fearful, and approaching is an ordeal when you just hate it. And then once you can do it, you get filled with this like, oh my god, I can do this. This is great. So you start going up to girls with this just high energy, you know, and I remember it now in my head when I used to do it. But it's something that you're right. You do go through it. It's something that you will have to, it's a process. You can't just like, just watch me talk and then think, right, okay, I know what to do now. I'm just going to have to go up and just be natural and not try and make it, you know, and attract. What I'm just, I was just trying to give you an idea about where I feel like, I am like where I've come from. I've come from that place of being nervous and fearful, and I've gone through that process of excitement, high energy, you know, and I've come to a place now where I've actually, it's almost a little bit like you're going up, like you're going from being really nervous to being really confident with high energy. And it's a little bit, it's kind of dropping off a bit. So to the untrained eye, it can look like he's not even doing anything, you know. But that's why, that's, for me, that's why it's so good. It's because it's like, it appears effortless. So to answer your question yet, you're going to have to go through it and it is like fake it till you make it. To begin with, it's going to feel like you're performing, it's going to feel like you're being somebody that you're not. But eventually, you'll find your own style and it will just become you.   And the only way to get there is just to keep doing it and keep doing it and doing it and doing it and doing it until you get there. Yeah. Okay. Do we have time for one more? One more? Yeah. What advice would you give in someone who's looking at intermediate level but getting a lot of flakes? I think it's the whole, I think you kind of answered it throughout your presentation about turning down your sort of energy. Because I think that's currently where I'm at the moment. Yeah. Getting a lot of flakes. I mean, obviously without seeing you in action, it's hard to diagnose it. But, yeah, I think everybody who's gone through this gets, it's going to get flakes at the beginning. To begin with, like, my flake rate was just super high and I couldn't understand it. It's like, why would a girl give me a number if she's not going to like answer my text? You know, it's crazy. But actually I think what it is is easier for a girl to just give you a number and not reply than it is for her to say no. Because when she says no, it kind of causes a confrontation. It's easy for her just to kind of give you a number and think, oh, well, I just won't answer it.  Do you feel like you're trying too hard? I think at the moment it's kind of trial and error and trying to find that sweet spot in terms of balance between energy and, you know, having attraction and comfort. I think when I started off, it was more kind of doing a lot of comfort and rapport. But then I sort of was trying to, you know, mix up with a bit of, you know, attraction and a bit of balance. But it's trying to find a balance and I think, you know. It's the balance. That's exactly it. That's what it is and it's not something. It's very hard to teach it specifically. But it's like this indefinable, intangible balance between attraction and comfort.  She's got to see you in a sexual way that she could be turned on by you. But at the same time, as mystery says, the game is played in comfort. If a girl is not comfortable with you, nothing is ever going to happen. You know, and at the same time, if she's not attracted to you in any way, nothing's ever going to happen. So you're right. It's like you've got to find this balance. So for advice, I guess, what would I say? Just keep practicing. That's really the only advice I can give you. It's like you've got to keep doing it until it becomes so normal and natural for you to do it that it's just like, it's just what you do.  You don't care about the outcome. Oh, no, I've got one good piece of advice, actually. And I tell a lot of students this, is I say, forget about getting a number. When you go out, forget about getting girls' numbers.  If you do that, you will get numbers anyway.  That would be so much more beneficial for you than going out and getting 20 numbers at all flake. That's really what you need to do, is you need to focus on the interaction and having fun and enjoying it, and literally forget about getting numbers. And when you do that, you will get the numbers anyway because it will feel natural, it will feel natural to ask for the number at the right time or to ask for the instant date. But when you go up to a girl, and in your mind you're thinking, I've got to get a number, I've got to get a number, how am I going to get a number? It comes across. So literally just take the pressure off, no numbers, forget the numbers. I'm going to go out and I'm just going to have fun.  And if you do that, I think probably you'll find your flake rate will go down. Thank you very much. Thanks. Okay, thanks.


So the question is yes, we can not scan yes, we can Generate access we find distribute and use person and we should there's a huge business there and we have to But the flip side of that is it will need to be subject to new social contracts to ethics and rules and to laws And just like the law has not caught up with downloading of music on The internet it's 20 years later still hasn't caught up nobody downloads anymore everybody's streaming The definition of copyright is out there somewhere in cyberspace, but in reality is this We need to subject we had to have a new social conflict and come up with those rules. Otherwise people don't feel safe This is very very important for our future. This is from 2011 New York Times an Article that was saying that we're all of us as consumers are bleeding data We've become the object of desire for lots of those companies I think what we need to do is we don't need companies like Google and others To say that they're that they are not evil or don't be evil. We have to hear from them that there won't be evil This is very important. We need to create an ecosystem where we're all saying, you know what we can't do this We can't exploit you But we won't Otherwise we don't have trust. I mean why how would you generate trust otherwise? So I think it's time for what I call a global digital bill of rights That says what people can do with data and what's happening with telecommunications. Who's in charge of it? And how can we believe that we won't be exploited? This is your job to do this Your job isn't just to run the network and make it run faster. You know, that's not a that's not a permanent business proposal It's about what people do on there So while you were observing people it's about two things the do is to observe to listen to connect to respect To engage and to prosper as a consequence and many companies are doing this But the don't is to abuse and to resell and to surveil and hypermarket and do all these things that you can also do with the same information


Hi everybody, happy Saturday. I'm Joe for jasphyscasebreaks.com coming at you with 2019 2020 Panini contenders optic basketball 2 box Hobby edition 2 box pick a team number 64 when I'm 64 Break credit promo at the end as well Now one of these are gonna be break 64 and one of these are gonna be break 65 The last two boxes are already posted in the store in single digits. We can run this back Pretty quickly. I think let's select a diet. Let's select that one right there one two three for the left side four five six for the right side Three so we'll do the left side right there this side. We will say for break 65 Same great credit promo on that one as well a very big thanks to all of these wonderful people here for getting it on the action Do a little money at the end of this too. That's always nice All right, there's Russell Westbrook All-star aspirations It's okay see addition right there We've got a randomizer here. We've got a Kevin Durant John Moran We had this one in the previous box with different parallel. This one's a blue cracked ice Parallel we'll do that rando between the Thunder Seattle stuff goes to okay see Thunder and Memphis Okay, see is Matthew Sheerah. Memphis is Gretchen Set that aside over here Behind Laurie Mark and in are a couple more cards and then the autographed Luca Donchich nice second-year Luca red Nicola plant with the Mavs Orange parallel back here. It's clay Thompson To 49 that'll be for Golden State Summon with the Warriors Warriors come out to play And back here is ties your own 49 out of 149 Rookie ticket autograph And I'll be for Mark and the Phoenix Suns. There's a Lori marketing in here. All right second box I've got another autograph here or another Dual that is Kevin Garnett and Charles Barkley. So that's a another randomizer so it's Minnesota mark and Sixers Brock we've got the red cracked ice Zach Levine not numbered but we'll go into the going to the Bulls next over We got Andre Drummond silver for the Cavs next over Cleveland this is for you. We got Wendell Carter, Jr. Chicago Bulls next over and the final autograph See what we got it's gonna be Bruno Fernando 63 out of 149 on card autograph for the ATL and that is zoom in with the Hawks All right, thanks everyone for getting in that last two boxes are in the store right now if you're watching live jazpiececasewrakes.com All right now some randomize it's randomize these cards. Let's give away some money We'll do it all in the same at dice roll So I need three lists here. All right, so the first one is gonna be Minnesota Timberwolves KG Philadelphia Barkley, you got Kevin Durant Seattle slash okc John Merant, Memphis And now remember you got to buy at least two teams you follow the instruction there for one entry Four teams gets you two entries so on and so forth. This is for the break credit Brock with two entries Or two teams one entry Edward two teams one entry Gretchen four teams two entries Jarell two teams one entry Josh four teams two entries Kurt two teams in an entry mark two teams An entry mark and with four teams two entries Matthew Shira two teams with an entry Nick Stover two teams entry and zoom in two teams one entry total of 14 entries right here top Five we'll get $60 of break credit each pretty nice. Let's get your names in here All right, so one dice roll for all three lists Snake eyes easy left eye right eye of the snake eye one and two There you go, Philadelphia. We'll get this one snake eyes one and two okc with that one so That'll go to Matthew Shira and now the money snake eyes top five after two one and Good luck to There you go, so we got mark Josh Brock Nick and Edward with that break credit Let's paste your names in there and there you have a check your email check your spam folder if you have multiple emails That you use to buy stuff check both check all Congrats to mark Josh Brock Nick and Edward $60 break credit going your way. I'm Joe for jaskies case breaks calm Let's knock out those last two boxes. Bye. Bye


Naval Air Station Jacksonville held a Women's History Month leadership panel at the Base Chapel as the Navy continues to highlight the roles and achievements of women serving in the military today. The Navy is one of really the forefront, one of the leaders in the forefront of women's equality and giving us an opportunity to lead, giving us many, many opportunities even on the front lines now. The five-member panel answered questions dealing with their roles as leaders, balancing family and career life and their unexpected career paths. Right now, my turning point, my career, so knowing that they've all experienced something to that, you know, nature, somebody that's actually been enlisted and an officer that's maybe one of my choices, if not, continue on to hopefully be CMC. From Jacksonville, I'm Petty Officer Marcus Stanley.


Welcome to the Knuckleheads of Liberty. But this quantitative easing is a major, major problem for middle-class Americans because any little bit of savings that we have, this thing is eating away, this inflation is eating away at our purchasing power. And that's what is going on here. And these central planners, they can't manage the books of the federal government, but they think they can manage all books by this nonsense that they are trying to do. They're trying to tell us they could fix the economy. Well, they can't. I mean, Milton Friedman told us it was always a monetary phenomenon. And he have always wanted a stable expansion of the money supply. Some number, 1%, 2%, whatever it was. Right, it was 2%. It was 2%. Right. And let the market determine whether interest rates will fall. And that's how the economy could keep on going and striving and everything. Sometimes we slip into a recession or whatever and that kind of stuff. But it will bring about a giant stability in our economic activities and transactions. But these central planners, they can't deal with that. They can't deal with that. They're going to fix things for us. And they always get it wrong. Always. Well, Friedman's, I'm sorry, Jason, Friedman's idea is also central planning. You know that the whole 2% thing. That's okay. That's dialed in. That's, that's unlike anything else in nature. In nature, things fluctuate. Yeah. We have the seasons. We have, you know, we have fluctuations that even of interest rates normally. Yeah. We could argue whether his idea would be better or worse than a totally free market idea, you know, where, where the money supply may, may shift, you know, not just continual, perfectly 2% increase, but may shift, you know, because, because that whole idea behind 2% is to try to match that with the growth in productivity of about 2%, which is, yeah. So that's a whole idea. So we could argue and I could probably make a, as good an argument for one or the other. But nothing. The whole idea of this Keynesian stuff is completely blown out by either of the winners of that argument, you know, either steady 2% or kind of, you know, let the money supply either be completely stopped like in gold, everything backed in gold. So it's, hey, even gold has an increase in, in, in, they mine new gold. There's more gold out there on the planet. Even it's, it's also as, as an increase. It was just the best we had for a long time as far as, you know, control over the supply. For eons. Yeah. For eons. But oh no, but you can't make money on, on gold. You can't, you have to be able to manipulate it at will.  And that's where Keynesians come in and screw everybody else.  These are the people that get screwed under Keynesian news. And even people that are in that position just, I have people, I know people that are fans of that. Keynesian news. Anyway, there we are. Yeah. Well, Paul, Keynesian is one of those economic idiots. I don't know how that man won a Nobel Peace Prize. Yeah, well, believe me. He's rubbing elbows with the rich and famous, that guy. Life, liberty and the pursuit of happiness always.


Hello and welcome to this session. This is Professor Farhad and this session we would look at introduction to investments. This topic is covered in financial accounting, the CPA exam, as well as intermediate accounting. As always, I would like to remind you to connect with me on LinkedIn. If you haven't done so, YouTube is where you would need to subscribe. I have 1,700 plus accounting, auditing, finance and tax lectures. This is a list of all the courses that I cover, including many CPA questions if you are studying for your CPA. If you like my lectures, please like them, share them, put them in playlists, subscribe to the channel, connect with me on Instagram and on my website. You will find additional resources to supplement your accounting education, study for your CPA exam, study for your CMA exam, study for your enrolled agent exam. What are the motivations for investment? Why do people invest? Well, one reason is people or companies invest to produce higher income. So if you have some extra money, sitting down with nothing, you don't want it to be there. You wanted it to be invested somewhere, so it would produce income for you. So what you will do is you will buy stocks or bonds to produce that income. So that's one reason, whether you are a company or an individual, that's why we invest. Another reason we invest for some companies is that's what they do for a living. They invest in other companies to produce income. A case in point, a company called Berkshire Hathaway, and not sure if you know who this person is, this is Warren Buffett, the legendary investor, and that's what he does. His company buys, takes money, takes the money from the investors, and they don't do anything with it except allocate that money to different investments. So that's all what they do. That's why they invest. The third reason is companies make investments for strategic reasons. For example, Amazon bought Whole Foods. Why? Because they want to get into this business for strategic reasons, they bought this company. So that's why we invest. Now, our investments can be separated into short-term investments and long-term investments. We're going to talk about short-term investments first. Short-term investments are securities that management intend to convert to cash within one year. Or the company's operating cycle, we're going to assume it's one year. What does that mean? It means we bought some stocks, some bonds, we made an investment, and our intent is to sell it and change it to cash within one year. And we can do so. We have the ability and we are ready to convert it. Like what? If you bought Apple stocks, you bought Microsoft stocks, or the stocks of any company, or the bonds of any company, and you can sell it in the near, and you plan to sell it in the near future, you intend to sell it within one year, then this is considered a short-term investment. Now, also, we need to understand that short-term investments do not include cash equivalent. Now, what are cash equivalents? Well, we talked about cash equivalent and the cash flow chapter. These are investments that are both readily convertible to a known amount of cash and mature within three months. An example will be a T-bill from the government. When you lend money to the government, what's going to happen? You may lend it at a short-term basis. And as a result, it's called cash equivalent. Why? Because when you lend the money, you can get your money back within three months, within three months, and there's no risk of change in the value. So that's why it's called cash equivalent. Another example of cash equivalent is something called commercial paper, is when large companies borrow money on a short-term basis. Now, long-term investments, obviously, they are not readily convertible into cash, and we plan to hold them, are not converted into short-term. We plan to hold them longer than one year. That's basically, that's why they are called noncurrent. They are reported in the noncurrent or long-term section. And what are we talking about here? We're talking about Apple and Microsoft, same companies. So these could be short-term and these could be long-term investments. What does it depend on? It depends on your intention. It depends on your intention. Also, long-term investments, like Microsoft, when they purchase LinkedIn, that's a long-term investment. The reason they bought LinkedIn is to have LinkedIn as part of their company. So that's why it's a long-term investment. They did not buy it to sell it in the near future. And this is a breakdown of sample companies as per percent of their short-term versus long-term investments. If we look at Coca-Cola, 9% of their investments of their total assets is short-term, 18% is long-term. We look at Microsoft, they have a lot of short-term investments because what they do is they buy Treasury Bill with their cash and 7% long-term. So this is part of LinkedIn, will be part of this long-term investment section. This is just an idea. Now, when we, just a picture of the short-term versus long-term in the real world. Now, when we invest in the real world, we could invest in two things. We separate our investments into either debt securities or equity securities. So what are debt securities? For the purpose of this course, once I say debt securities, just say, think of bonds when we buy bonds. What are bonds? Bonds reflect a creditor relationship. It means you are lending money to the company. That's what a bond, that's what bondholders do. They lend money to the company. So investments in notes, when you lend money, bonds and CDs, certificate of deposit. CDs is certificate of deposit. So when you deposit the money in the bank, that's what you are doing. You are making an investment. You are making an investment and it's a debt investment. Why? Because you're going to get your money back plus the interest, maybe issued by government, companies or individual. So anyone can issue debt securities, sell you the debt securities. You can buy it from the government. You can buy it from companies. So we're going to be dealing with companies. So in this chapter, we're going to be saying, well, you bought the corporate bond of XYZ company. Okay, so we're looking at corporate bond. That's what you want to think of when you think of debt investments. And in contrast to that investments, we have equity investments. When we say equity investments, think of stocks. What do stocks represent? An ownership relationship. Reflect an owner relationship. You own the stocks. An example will be investments in stocks issued by companies. Who should stocks companies? Government don't issue stocks. You don't own the government. They're issued by companies. And here we think about Apple and Microsoft. Now, so again, our investments are separated into two classification, either short-term, long-term, and within debt and equities, they could be long-term or short-term investments. Now, we need to properly learn how to classify the investments. And this is an important slide that's going to set the ground for the remainder of this chapter. Okay, so as we said, securities, we have two types of securities, either debt or equity, either bonds or stocks. The classification depends on our intent to hold them. Is it short-term or long-term? And the third factor that determines how to account for investments is our ownership level. The percentage ownership in another company's equity. Do we own 10%, do we own 25%, do we own 4%. So that matters. Why? Well, depending on if you own 10%, it means you have no influence. If you own 25%, it means you have significant influence. 40%, you have significant influence. And if you have 55%, you have a controlling influence. And there is a percentage that we're going to be looking at down the road, not down the road, fairly, shortly, determine which category it is. So the type of the security. So one is the type, two is the intent, either short-term or long-term. And the third one is how much do you own in that equity security. So let's take a look at debt. Debt, the third component is not relevant for that because it doesn't matter how much debt you own. But for debt securities, you could have the security. So if you own, let's talk about now debt, only debt. So we're going to look at debt separately from equity. And remember, that doesn't matter what is your ownership in debt. So if you own debt securities, you could held that to maturity. Okay. What does it mean held to maturity? Held to maturity means you bought the bond and you're going to wait until the bond mature. What does the bond mature?  So after you lend them the money, you have no plan, you have no plan on reselling those bond until the bond mature and you will get your money back. So that's one category. You know, if you have held to maturity, you have to account for it using the what we call the amortized cost. Now, what is the amortized cost? We're going to see later. The second category is trading. So you could buy a debt security and it could be for trading. When we say for trading, generally it's shorter, shorter. And the third category is available for sale. What is available for sale? Available for sale is not shorter and not held to maturity. Because held to maturity, you're going to wait all the way till the end, all the way until the bond mature. You're not waiting for that and you're not going to sell it in the near future. So someplace in between is called available for sale. That's what we mean by available for sale. So those are the three categories or the three classification of debt. Either you're going to held it to maturity, you're going to trade it and you're going to trade it or it's going to be available for sale. It's available for sale. I will trade it if the price is right, basically. Okay, that's basically what we are saying for available for sale. Now for equity investments, now again, now we're going to be looking at equity investments and now number three, now matters a lot how much do you own? Well, you could have unsignificant influence. It means you own some stocks, but really they're unsignificant. What are we looking at here? We're looking at zero up to 20%. If you own between zero to 20% of any particular company, you are assumed to have no significant influence in that investment. Simply put, you own that percentage, but really it doesn't represent any power to you. Under those circumstances, we're going to be using the fair value and we'll see how we account for that later. If you own between 20% to 50%, now this is important. Notice here your percentage, your percent is important. If you own between 20% to 50%, we're going to be using something called the equity method. Now what is the equity method? Don't worry about it now. Once we get to the equity method section, we're going to have one whole section about that. We'll talk about the equity section in the tails. The point is there's one whole category called the equity section. The third category is called the controlling. When do you use the controlling? It's when you own more than 50%. And what is controlling? Controlling means if you own more than 50%, that means you own everything for the company. Sorry, you own the whole company because you own more than 50%. You could vote yourself as the CEO, as the CFO, as on the board of, not the CFO, but you could vote yourself to the board of directors then assign yourself because you are in charge. So this is when you own 50% plus, you have a controlling influence. We don't work with controlling influence in this course. There's a course called advanced accounting. And I do have that course on my website. So you can look at it if you'd like to, if you're interested, but we don't cover advance, we don't cover, we don't cover consolidation. That's what the topic is called. So we're going to look at insignificant influence as well as significant influence. If you like this recording, please like it, share it, put it in playlist, subscribe to the channel. And in the next session, what I'm going to look at is investment in debt security. So I'm going to go back and start working with those categories. When you have investments and that investment is in debt. So I will start with the slide. Once again, don't shortchange yourself. If you want to pass your CPA exam, go ahead with your courses, be successful in your courses, subscribe, study hard, accounting is worth it, and especially stay safe during those coronavirus days. Good luck.