Hi, everyone. So yeah, my name's Dave Nielsen. I'm the head of community at Harness. And you may have heard about Harness. We just launched GetOps as a service, based on Argo CD, of course. But I'm not here to talk about that. I'm here to talk about getting more open source Argo CD users. And in the drone community, which is I don't know if you've heard of drone CI, but in the drone community, we have lots of users out there who are actually using drone with Argo.  And not everyone has access to the resources to put together a complete stack. You may have part of the stack, but it's not very easy to try things out if you can't get the code and put it into deployment. So we noticed that people had put together some kind of stack, and we took a look at what they were doing. And we thought, well, what if we could just put this all together for folks so they could just try it out? So what we did is we took, oh, we thought, what if we put this all together and you could run it on your laptop? Because if you can run it on your laptop, then you eliminate things like having to have credentials and connect to all these different systems. So it makes it much, much easier for things like labs and workshops where people need to learn. So that's what we did. So we put together something called the drag stack. And of course, it's Argo CD. And then it's drone CI. And then we use GitE, but the intention is for you to be able to use this with any Git repo and also any Container Registry. And in our case right now, we're using Docker Registry, but we're talking about using Harbor instead or in addition. And then, of course, you might want to play around with other things. So why not add something like litmus chaos? So you can have chaos engineering. So yeah, this is the drone and then the R's for any registry and then Argo and then the G's for any Git. And we put this all together and we're running a workshop on it tomorrow. So what are the benefits that you get from something like this, though? So first of all, this stack is very simple. All of the apps are written in Go. So if you want to get involved in the project and you don't have to worry about all of these different languages and things to have to mess with, so it makes a nice stack. It's also, we put together one installation process. Jam and Kamesh were here somewhere and they worked for the past couple of months putting this all together. And we've enabled multiple deployment targets because right now, at least what I'm seeing, there's a lot of folks who are very interested in the developer experience, not just overall but even on the laptop. So how can we make the developer more productive and have an enjoyable experience on the laptop? And if you do all this, it makes it much easier. So first time users can get it to run their laptop right away. Also, there's some other nice things. For example, all of these projects, they all are declarative. They all store their configuration details in the Git repo, which is why I call this full stack GitOps. It's the whole thing. And it's extensible. I mean, anything in software is extensible. But we're purposely building it so you can add other parts of the stack, like, for example, chaos engineering. So maybe instead of CI, CD, it's CI, CD, CE, or something like that. I don't know. Anyway, so before I go to the call to action here, let me back up for a second. And I just want to talk about drone just for a brief moment because I'll bet you not that many of you have heard about it, actually. So how many of you have heard of drone, John CI? OK, about half. That's pretty good. For the rest of you, there's a couple things you might not know. So first of all, it has more GitHub stars than pretty much all of the other open source CI projects combined, including Jenkins. Now, why don't we know that? Maybe it's because drone is not part of the CNCF, right? So we don't pay attention to it. Also, drone was started back by a guy named Brad who was a, he saw Docker come about and he thought, you know what, continuous integration tests, those should be happening in containers. Instead of having to upgrade all of my tests at the same time because they're all using the same programming language platform, let's put them in containers and then you can use whatever version you want. In fact, you can use whatever language you want. And then you just put a YAML file together that strings the containers together. So here's the first one to do that. And it took off in the Docker community. And that's why it's so popular. It's really primarily because of that. Also, it's one developer working on this thing. It's very tight and very clean. Of course, he had other help from other folks, but he was really focused on solving people's problems, not in marketing. So he focused on issues, pull requests, answering questions in forums, and really working on the code. It's very tight. In fact, one of our folks has this drone running in a Lambda function. So you can actually call it, spin up a Lambda function, which then spins up other containers to build the containers that it needs. So it's pretty tight. It's worth looking at. So I want you to go check out drone.io. I think that's the domain. You should check it out. Anyway, OK. So what's the call to action? For this project, we have a workshop tomorrow. The online version of it is the virtual version is sold out. But I think we may have a couple more spots in person. It's in Mountain View at 1 o'clock. Or we've got the domain named dragstack.org. Right now, it just points to the Git repo. But we'll start adding wherever we put future workshops, mostly online. But we'll do some in person. We've got our harness community where you can go. And we have a Slack channel in there. Or I'm sorry, a discourse community and a Slack channel as well, and on Twitter. And you can also reach out to me. My name is Dave Nielsen. And with me somewhere in here are Jim Sheldon and Kamesh, who are here. So you can come talk to us. And also, I have cards here. We have a happy hour tomorrow after our workshop if you want to join us then. Thank you very much.


What's your name? Nicole Bonnet. And where are you from? Kamloops, DC. What organization are you with? BC Wildfire and the Ministry of Forest, Lands, Natural Resource Operations and Moral Development. That's great. And what's your role in this incident? I'm an Information Officer, so I'm part of our communications team up here. Can you explain sort of what's involved in your role? Yeah, so there's a group of us on the communications team and what we do is share out the information as updates become available so that everybody has a really good idea of how things are progressing out here and all the successes that we're making. That's great, thanks. And what's your takeaway experience from being here? Yeah, it's on my last day out here, but I mean coming from Wildfire, we obviously don't usually deal with this type of incident, so it's been a really...


I am sorry people. I made a massive, massive, massive, massive mistake and no, I ain't creating this video looking for sympathy.  So if you've watched any of my New World videos you will have seen I start those videos with an advert, an advert which states you can buy currency used for micro transactions i.e cosmetic items, currency to New World known as Marks of Fortune. The contract I signed wasn't an overnight thing and was done after I myself spoke to this website and they said that they sold currency used for micro transactions. I looked up the process and thought well yeah that's completely fine. So I signed the contract and took the payment. Now because I thought I could do more for this website I decided to over commit on my end of this bargain so I did. I went on to advertise an advert in way more videos than I was contracted to do so. At first when I started a process of using this advert though which they had created I noticed a few comments stating that I shouldn't be advertising a website which sells in game gold. Now because I thought people were confused by the advert they sent me which did state gold on it I emailed said person back said website back stating the advert is confusing people and I will create one which doesn't state gold at all doesn't mention gold at all only what we're advertising and that is Marks of Fortune. They replied with they didn't know because they didn't play the game so I created an advert which stated Marks of Fortune instead of gold but as time went on I did notice more and more people state that I shouldn't be advertising this website as it promotes the very thing I've made videos on being against making myself look even more of an idiot than I already am. So literally this morning I woke up to a discord message stating that the website isn't selling Marks of Fortune at all and is actually selling in game gold this is after I'd already emailed said person back said website back asking if their website was legit where they told me it was well guys in actual fact the website did indeed sell in game gold and I feel like even more of a pratt due to me replying to comments stating I shouldn't be advertising such with replies like they don't sell in game gold and sell the currency useful cosmetics when all along you guys were 100% right and I was 100% in the wrong so yeah I made a massive massive mistake I'm so pissed I thought myself for doing so because I didn't actually invest to get a website before advertising it so yes I am an idiot it was probably because I was linked numerous videos from other creators posting adverts like the one I had covered with no mention about it so yeah from here what I've done I've removed all adverts from my videos all links terminated my contract and will refund the website the amount they paid to me even though they lied to me on what the website was all about but I can't argue the fact that I myself should have investigated further before putting it on my channel and putting my channel and reputation underline as I know myself these websites are highly illegal and frowned upon wish I would have realised beforehand though so yeah guys although I don't expect any of you to forgive me for my stupid mistakes I would still like to apologise for what I have done and been doing and advertising over the past few weeks I truly understand such websites ruin games I am such a plumb and to be honest I deserve to be labelled one I mean my youtube isn't the most active at the moment but I'm enjoying New World I'm enjoying playing it I enjoy making guys and in general being my first ever game I'm enjoying playing on PC so yeah guys I apologise for my idiocy I 100% won't make the same mistake again I hope you can forgive me but if you don't I can't really blame me for that if you've unsubbed and you've disliked these videos I 100% will not hold anything against you I 100% deserve it because like I said I am a complete idiot but yes the website will not be advertised on my behalf from this moment further I've removed all adverts from my channel or links to their website from my channel and like I said terminate the contract will pay money back no problem to me whatsoever because my youtube channel and your guys opinion on me is worth way way way way more so yes guys again I apologise and I hope to see you soon


A cool whip, one dozen farm fresh eggs, bedalya onions, extra virgin olive oil, hand churned guacamole, pimento cheese, cut russet potatoes, semi-sweet chocolate morsels, asparagus, hand cream corn, beef tongue, balsamic vinaigrette, chicken liver, veal cutlet, almond nut butter, pickled ginger, coconut water, nutella, Tabasco sauce, French baguettes, can't forget dessert, mint chocolate chip ice cream.


The first subsidy, unfortunate, the budget that I have glimpses of no provision is there for the first subsidy. The first subsidy is gone. Increasing costs and the waste we shall is there. The people is just cleaning, thorough. It's necessary to unify the investment, interest rate, people and businesses.


President Bala to Noble Science, more executive orders, suspends 5% excise tax on telecoms, the General Secretary, Private Telecommunication Senior Staff Association of Nigeria will be joining us to assess the impact of this development on our first hot topic. Outcry over monthly deductions from police salaries. This reportedly started in June this year. The insurance of the immediate past IGP christened the IGP Sports Levy. However, the Nigeria police force in a statement says it's been in force since time immemorial. We'll be taking a look at this as our second hot topic this morning. What are the headlines that made it to the national dailies this morning? We'll be taking a look at them on off the press with an analyst who will join us to analyze them. Good morning and welcome to the Friday edition of the Breakfast on Plus TV Africa. I am Maureen Menon-Wazy-Way. Top trending, Twitter rival Threads crosses 10 million users within hours of launch. And Twitter is threatening to sue Meta over its new Threads app. Of course, Meta is owned by Mark Zuckerberg. Threads becomes most rapidly downloaded app raising Twitter's air. Meta says 30 million people have been signed up to Twitter competitor Threads. Matter of fact, the app went live on Wednesday. It just, you know, on Wednesday on Apple and Android apps stores in 100 countries. Its release in Europe has been delayed over data privacy issues. Well, Threads owned by Mark Zuckerberg, Meta is proving to be Elon Musk's Twitter's biggest challenge. And the pair are known to be beta rivals and have offered to wrestle it out in a cage fight. Picture these two men in a cage like Hulk Hogan and the ultimate warrior. Wouldn't that be something to see? Well, Twitter has said that it has more than 200 million daily users. So there you have it, Threads versus Twitter. And our second top trending, iNEC files six count charge against suspended Adam Aurek. The charges were filed at the High Court in Yola, the state capital. And that's according to iNEC spokesman, Fester's Okoye. Well, in a statement on Thursday, Okoye said the electoral body took the action after reviewing the case file from the police, which established a prima facie case against Eunice Aaron. We'll be taking a short break. We'll be back to continue with the show. Stay with us. All right, welcome. In case you just joined us, it's the Friday flex edition of the breakfast on Plus TV Africa. And just before we took that break, we were giving you our second top trending. And I go back to that for, you know, to just establish it for those who are just joining us. Well, iNEC has filed six count charges against suspended Adam Aurek. The charges were filed at the High Court in Yola, the state capital. And that's according to iNEC spokesman, Fester's Okoye. In a statement on Thursday, Okoye said the electoral body took the action after reviewing the case file from the police, which established a prima facie case against Eunice Aaron. The police had arrested Eunice Aaron over his actions during a Damawa state governorship election. Okay, so we'll take a break again and then be back to give you off the press. Just stay with us. I'm sure you want to know what headlines are on the national day list this morning. We'll bring them to you.


The use of fungi as reducing agents in the biogenic synthesis of silver nanoparticles is attractive due to its ability to produce large quantities of proteins, high yields, easy handling, low toxicity, and potential for biological activity. Fungal species can produce nanoparticles with different characteristics, and the synthesis mechanisms are not yet fully understood. The synthesis can be optimized by adjusting parameters such as temperature, pH, silver precursor concentration, biomass amount, and fungus cultivation time. Silver nanoparticles synthesized using fungi have potential for use as antimicrobials in health and agriculture. This article was authored by Mariana Guilcher-Casagrande and Renata Dalima.


Hello, welcome to SSRitech, Susie Lee site and this is continuation of SQL Server performance training. So today we gonna discuss about filtered index. So what is filtered index and how we can improve the performance by using filtered index. So let's start with filtered index. So filtered index was introduced in SQL Server 2008 and a filtered index is nothing but non cluster index along with aware condition. Let's assume we have a table with 100,000 records but we just want to create a non cluster index only 20,000 records so filtered index help us. Due to aware condition indexing will be done only portion of the records. Next is it will significantly improve the query performance because it's smaller than the non cluster index. Once we will create a non cluster index then it will be created on the full table but here we just want to create a non cluster index only a portion of the records. Next is the maintenance cost of the filtered index is less because it's used smaller part of the index. Next is it will reduce the disk storage space. As we have discussed when we would have discussed about the non cluster index non cluster index will take an additional space. Next is it can be used only with non cluster index so this is the disadvantage of the filtered index. So go to on SQL Server Management Studio to see in practical. So here I am using SQL 2017 you may have another version of SQL Server. So here I just want to create three tables first for without any index, second for full index and then for filtered index. So let me execute this script to create three tables. As we can see these three tables has only two columns first is ID second is name. Now I just want to insert record on these three tables. So here I just want to insert 100,000 records on each table. So let me execute this script to insert the records. Data have been inserted successfully on the tables. So here I just want to create a normal non cluster index on the ID column in EMP index table. So let me execute this script to create non cluster index. So command completed successfully it means index has been created. So this is for filtered index. So here as you can see first two lines. So this is normal non cluster index and here we have additional one line which is wear condition. So once we will implement wear condition with the adjusting index then it would be filtered index. So let me execute this query. So here we just want to create index only 10000 records on the table. So let me execute and index has been created successfully only 10000 records on this table. So now as we can see first is without any index second is with full index and third is with filtered index. So let me execute this query to check the performance. So before going to execute this query let me enable execution plan. Now we can execute. So go to one execution plan. So here as we can see for no any index 89% of the cost. So this is the related batch of the cost. Next is 7% once we have created non cluster index. Third is non cluster index with wear clause that is filtered index. So it's gonna take only 4% cost of the related to batch. So as you can see this is the best in the performance among these three. If we don't have any index then 89% if we have normal index then 7% if we have filtered index then we have only 4% of the cost. So I hope you have understand how we can use filtered index according to our requirement and how it can be used to improve the performance as well. So thank you so much for watching this video. If you like this video please subscribe our channel to get many more videos. Don't forget to share and subscribe our channel. Thank you so much.


Can you tame back room's entities? Well, the short answer is, yeah, you can.  The first entity in your journey throughout the back rooms that you be able to tame is actually entity 34 or doll faces.  To tame them, all you have to do is present almond water to them in a calm way and then they'll be your friend and follow you around.  But again, make sure you go after the male one specifically because the female ones, quote, spit acid and will eat you and are entirely hostile. Nice. Let me know which ones you would tame in the comments below.


Coast Guard seizing more than $200 million worth of drugs. More than 7,500 pounds. 11,000. 26,000. 23,000 pounds of cocaine. The drug interdiction mission is changing every single day. They're using different types of vessels, some that we hadn't even thought about in the past, to bring drugs to American shores. These cartels are adapting, but so are we. We are combating these threats with our partner agencies across the nation and around the world. At the end of the day, this is what the US Coast Guard is all about. We are using the newest technologies and innovative approaches to continue to be always ready.


I would say the state of the digital infrastructure is now good because of our investments in 4G. We now have in 16 cities the world's fastest network when we compare to other regions. Now what is really important is to keep investing and building it out in the rest of the country and then secondly work on the skills gap that still exists because despite the fact that the UK is using the internet a lot, there is still a lot of people that don't use it regularly. So what we're doing is we're investing very, very quickly. We have a program of one and a half billion. We have about a thousand engineers and we work with a lot of partners to build out the mobile internet infrastructure. So today already we can provide speeds that are similar to what you have at home. So if you have a fiber connection you now have that same capacity out on the street and that is just really exciting. But what we need to do is we need to get to 98% coverage by the end of 2014 and by the end of this year we will be around 70% coverage. So that's the priority now. The priority now is to build out this fantastic network that we have right now in the major cities in the metropolitan areas, in 85 cities and towns in the country and build it out in the rural areas and in the more remote regions. In some of these regions there is very little existing infrastructure and of course financially it's also challenging because typically the return on investment is low. But what we have found is with 4G is you can actually provide through a mobile signal you can provide a good indoor broadband solution. So that's what we have trialled in Cornwall, in Cumbria, in Northern Ireland and that is what we're rolling out. First priority is Cumbria which we are doing as we speak actually a part of Cumbria and then we'll see how the uptake is and how we can roll that out further in other regions of the country. We have been on the sharp hand of regulation from a mobile perspective you know with Roman regulation, MTR regulation and all of the regulation is necessary but I think what is important is to be able to maintain the investments in this country. We need to make sure that government takes framework into account or build a framework which is investment friendly because one of the reasons that the UK was behind is because companies didn't invest enough. They invested elsewhere because the profitability in the UK is significantly lower compared to other markets. So that is key but overall the government has played an important role and a very constructive role in securing the mobile infrastructure that we have today and without that we wouldn't have been here today.


Good day, fellow investors. Welcome to a new podcast with Sven Lorenz from undervaluedshares.com. And this is a very interesting podcast on Gazprom and why is Gazprom such a hated or loved stock? And Sven has written more than 100 pages of reports over the last few months on Gazprom. And that's why I like to talk to him because he's so detailed on the stocks that he analyzes a more often overview investor. He's a detailed investor. And therefore I think the combination is perfect. Sven, say hi. Hi, good morning to Amsterdam and to everyone. So the topic today is Gazprom. I'll quickly start with why I bought Gazprom in the first place a few months ago. Sven's report helped me on that. We are both long Gazprom for full disclosure. And then Sven will go on discussing some very interesting topics related to Gazprom. And that is the perception gap investors have where they might be wrong. The IPO, potential IPO of Gazprom subsidiary related to exploration, will discuss the Nord Stream two implications, the positives and the negatives, the gas monopoly, the pipelines. And then how Gazprom evolves from being in a mega investment cycle with the power of Siberia, Turk Stream, Nord Stream, transitioning into a cash harvesting business company, like many other Russian government owned companies did, which we have already seen with the dividend hike. And then also there is something very interesting. The management is changing, which is always an interesting transition within such a company. So the new CFO is coming. So many, many new things with Gazprom. And this will help you make the decision whether to hold or sell now after the stock is what, even 40% up from the lows that have been in March, I think. I'll start just with a quick overview on why I bought Gazprom in the first place. For me, it's pretty simple. I look at value, I look at margin of safety. Can I lose money? And if you just look at the power of Siberia, they spent 60 billion on that. And the market cap was $50 billion. You're practically just paying for the pipeline to China and everything else that includes the largest natural gas reserves in the world, other pipelines to Europe, through Ukraine, et cetera, a price earnings ratio between three and five, depending on gas prices. The dividend yield now still at 8%, which it was, it is 12% for those who bought earlier, 90% ownership of Gazprom neft and then 10% ownership of Novatec and much, much more. There was always concerns that this is Russia. It's a government owned company, Russian tycoons, cronies will steal you. But it might be all because of the wrong perception because Gazprom has evolved from the company. It was, I think, a quarter of the current company 10 years ago when the market cap was five times bigger. So I'll let Sven discuss a little bit the perception gap and we'll create a chat of this podcast. So Sven, I'll give you the words to talk more about Gazprom because I know you know a lot of details that our viewers will find interesting. Yes, so let's start with talking about what I always like to call the perception gap. That's when you have a difference between the reality on one hand and what a certain audience is perceiving a subject matter to be. And in the case of Gazprom, the perception gap quite simply consisted of, if you asked pretty much any investor at the end of last year what they thought of Gazprom, the number one concern they always raised immediately was, oh, Putin is going to steal all the money. If you're a shareholder there, you're never going to see any of these profits. So why should I become a shareholder if corrupt company officials are stealing my money? And the reality actually looked quite different already at that time. And that's what I spend most of my time on. I try to find companies that are perceived in one way which is mostly a negative way because I'm looking for companies that are undervalued, that are cheap by conventional standards and based on fundamental analysis. But where the reality when you check all the details and when you go really deep into the subject matter where the reality is already quite different, and then you obviously also need a good reason why the perception of the wider audience should change because if the perception doesn't change then the share price is going to stay the same as well. Gazprom could be cheap forever if people never start to believe in Russia and in the company. And what I found last year was that, I mean, first of all, when I published my first extensive report on Gazprom at the end of November, which is what you read and when we started to talk as well, the company was already paying or expected to pay a dividend that amounted to a yield of five or 6%, which was already a contradiction to this perception of Putin is stealing all the money. So, I mean, if he is stealing all the money, how could I possibly get a dividend yield of five or 6% from this stock, which is one of the reasons why I started to look into it. And what was just a discrepancy there, they have been announcing the dividend hike for the last six months. So it was practically 5%, but we already knew that it would be at least 8% because the double digit rubble dividend was already announced. So it was really something in the making being announced as it is a big company. So the things were there, the notifications, it was just that you had to pass that, okay, they are stealing the money. There's always this, yeah, another perception if you wanted to say that as an analyst, you need to look into the future, you need to have a crystal ball or as an investor, you need to be able to accurately predict what will happen in six months. And sometimes it can be a lot easier than that in the case of Gazprom. I read extensively about the company, went through all the company documents and looked at the balance sheet, the projections for the capital investments. And it was fairly clear already at the time that the dividend policy was going to change. There was no magic in predicting this. And this is why I actually put onto the cover page of my report that in 2019, we're going to have a major change in the dividend policy of Gazprom. That was the starting point of my entire reasoning. And fast forward five months, the company announced that it's going to double its dividend for 2018, which is a huge jump. The market got completely caught by the surprise because no one was even looking at Gazprom anymore. And it led to two things. First of all, as you already mentioned, those who bought back when we first spoke about it are now getting a dividend yield of 12 or 13%, which is very nice. And even those investors who are looking at it right now, the share price has made an initial jump already. You're still getting a dividend yield of 8%, which is an extraordinary high amount. And because of these numbers and because there is so much cash coming out of the company to the shareholders and not to some corrupt officials as everyone seemed to have assumed, because of that, the stock market has now started to pay notice again. Gazprom is appearing in the media. I've just received a very extensive analyst report from a bank. The perception is changing and the share price is already up 50% in the last half year. The dividend is being paid out. We have the prospect of yet higher dividend payments in the future. We're going to speak about this at the end of this talk when we speak about the investment cycle. So it's a great example of how fast perception of a company can change, how you can quite accurately predict it if you just make the effort to go through these hundreds and hundreds of pages of documents that companies put out, which nowadays hardly anyone reads anymore because everyone's too busy, and how you can make significant amounts of money of that in a fairly short period of time. Now we will discuss later the dividend. I'll just quickly discuss my view there. When I compare Gazprom and then another hint for me was Rosneft because they have increased their dividend payout from 25% as is Gazprom's case to 50% of net income. And the stock reflected that. And it is logical that one, if one big government owned company does that, probably also the others will follow. And if that happens in one year or five years, you never know when it will happen. But when it happens, the shareholders will be rewarded. And I can even take your logic a step further and add another aspect to this. So the payout ratio for government-controlled companies in Russia is actually legislated to be 50%. And the extraordinary kind of company opt to pay less than the 50% of the net profit as a dividend. In the case of Gazprom, because the company had to invest such large amounts of money over a number of years, the government took a step back and said, well, we're happy with a lower dividend because the company is investing the money, which will lead to a bigger payout further down the road. And now Gazprom is catching up and eventually will have to pay out those 50% of net profits. It's up to debate between the government and the company and the shareholders. So it's not going to overnight change to a 50% payout ratio, but it's actually legislated. So all the clues are there. It really doesn't take that much to figure it out. It's a matter of timing, making a judgment about how the overall situation evolves. And now we're seeing the first fruits of that. So that's very interesting. And then let's continue on with what are the other things you have found. What about these IPOs? Where did you get that information and what are the clues there for Gazprom exploration? So this is a piece of information that I think your viewers on YouTube are now going to be among the very first worldwide who will actually hear about this. So back in my report, I predicted and it was a slightly daring and adventurous prediction that Gazprom was going to probably spin off one or the other company and quite possibly listed, not necessarily maybe on the London Stock Exchange or the New York Stock Exchange, but look towards Asia as well where you've got some very big stock exchanges with a lot of wealth looking for investments. Singapore, Hong Kong. And I cited a number of reasons why Gazprom was likely to do that. And last week, one small bit of information appeared on Bloomberg terminals. The Russian Interfax Agency has picked up that the exploration subsidiary of Gazprom has put out a tender for managing an IPO of the company, including possibly on an Asian Pacific Stock Exchange. So the exploration subsidiary of Gazprom is obviously a very, very important business unit because that's where the future of the company is created by exploring for new gas reserves. It's also quite a considerable operation in terms of the investment it requires. And for the company to publish a tender to prepare for a possible IPO is major news. No one has really picked up on it yet. I've just looked again this morning. There's been no report in Western media about this yet. And obviously it's right now just a tender. It's not finally decided that there's no concrete plan. But this is just another sign that major changes are happening at Gazprom. And I believe the company is entering a new era. It'll be its 30th anniversary in August. And I think going into the fourth decade will bring unprecedented change because companies ripe for that. And I think the management and the majority owner, the Russian state has woken up to this. And to see this advanced notice of a potential IPO of the company that is called Gazprom-Giulogo-Ratsvetka, which I hope I've pronounced reasonably accurately, that is a major development. I think we're going to hear a lot more about this. And this can in turn create more media interest, more talk about the company, additional analyst reports. So there's a lot to look forward to in the next couple of months, I think. All right. And what about the Nord Stream 2 issue that so the media is not focused on long-term developments, of course, they are always focused on the short term. What is your comment to the focus now, which is the Nord Stream 2 and what's going on with that and the Ukraine deal that's about to be that ends the 10-year license. So how will that be renegotiated and things like that? So the short-term market, the market's risk that they focus on. Indeed, it's very important to talk about Nord Stream 2. And if you look up any news to us, then most likely you won't find a single report about Gazprom that does not mention the Nord Stream 2 issue in some shape or form. It's really dominating the news about Gazprom so far, at least, until the last two weeks. And so let's just briefly talk about what Nord Stream 2 is, what the issues are and why I believe this is going to also see some major and possibly quite surprising changes. Nord Stream 2 is a offshore pipeline that Gazprom is currently building through the Baltic Sea, which will connect the Gazprom gas supplies directly to Germany. And it's a major pipeline. This is going to add significantly to the capacity of the Gazprom pipeline network going into Europe. And it's also going to be a very direct link into the largest market that Gazprom has in Europe, which is Germany. Now, Gazprom has a market share in the European Union of 37%. So it's not a monopolist, but it's a dominant force. It's the largest provider right now. And this has led to all sorts of political repercussions in the last couple of years. And at the very core of the Nord Stream 2 issue that you see appearing in the media is the fact that today this pipeline could not legally be started anymore. And the entire model of Gazprom delivering gas to Europe as it does right now, could also not be put into place anymore. And let me explain just very quickly why that is the case and why this could trigger a whole number of transformative changes on the level of Gazprom now. So the European Union has pursued an energy strategy that I believe is quite sensible. It tries to create competition and open markets within its European Union zone. And it also created legislation, which again, I think is fairly reasonable, that a gas producer is not also allowed to own the pipelines and the means of transportation for the gas. They just want to create a market where companies cannot get anywhere near having a monopoly position or can abuse their market power in a country to possibly switch off the gas supply. There's an argument about supplies and prices. And Gazprom currently does have a monopoly on exporting gas in a gaseous state from Russia. And it is basically, if you looked at it, it is violating the spirit of the EU legislation. However, nothing can be done about this because the legislation was put into place only very recently and Gazprom has been operating on this model for decades. So you can't apply laws retrospectively to someone, which is why Gazprom got away with it. And Nord Stream 2 is another example of that. The pipeline was planned at a time before this legislation was put in place, which is why even the Danish Prime Minister was quoted in the media saying recently that there is nothing the European Union can legally do against the Nord Stream 2 pipeline project. However, they can obstruct and they can be very political and they can be slow in terms of giving permissions et cetera, et cetera. And there's a bit of a cat and mouse game going on with Nord Stream 2. And I think Gazprom and Putin, who is the ultimate driver behind Gazprom, they're probably going to do something quite surprising. I think they're going to liberalize the Russian gas export market and they are going to allow other Russian gas producers to use the Nord Stream 2 pipeline, which would make all of these issues go away overnight because all of a sudden, Gazprom would voluntarily adhere to the new EU legislation. One last aspect about this because the obvious next question is well, why would Russia do this and wouldn't this be to the detriment of Gazprom? It's a fairly simple and clear situation. First of all, Russia has been working towards liberalizing its gas export market for a number of years already and the most important step there was in 2013, when Russia allowed and liberalized the export of liquid natural gas, any Russian gas producer can export LNG. Gazprom only kept the monopoly for exporting gaseous gas through pipelines. So the market was already partially liberalized, which is why now one third of the Russian gas exports is actually LNG and Gazprom's market share has gone down significantly from formerly having almost 100% once. And Russia and various Russian government authorities and including Vladimir Putin have been very clear that they see as the end goal full liberalization of the Russian gas export market. And there's always the right timing for everything and Russia couldn't really do this while Nord Stream 2 was being built and a variety of other projects that were playing into this were also under way such as Turk Stream which is on the fringes of all of that entire issue. But the timing seems to be right now for the next step in the liberalization of the Russian gas export market. And as I said, and I've written a 31 page report about this which I published on my website last week which is sort of for Gazprom Geeks, that's all the details about this. I think the timing is going to be right in the next one to two years and Putin is a man who loves making surprise moves and the economic and financial rationale behind such a liberalization would be very, very compelling and it would make the entire Nord Stream 2 European Union issue go way overnight. There would be nothing anyone do and nothing anyone should do about it. And I think this is going to have yet another transformative effect on the company. And you can see this is a feature length subject. Nord Stream 2 we talk about for ages but it boils down to one single prediction on my side. The issue is going to go away completely and there'll just be even more gas sold from Russia to the European Union who need the gas because their own gas production is falling and it's falling quite dramatically. Yeah, there has been an earthquake here in the Netherlands last week in the northern part of the Netherlands, Groningen and it was all around the news and all those earthquakes which is a non earthquake area are because of the gas, yeah. So that will be probably closed down because when you hear on the news that 3000 houses have had damage because of the last earthquake they are going to slowly wind it down and the fields here, gas fields in the Netherlands are quite large. So they say they will switch from gas to something else over the next 30 years but 30 years is a very, very long period. Yeah, and so you have that issue in the Netherlands. You also have the gas reserves in Norway are gradually being depleted. The British North Sea is massively going downhill in terms of production and the energy has to come from somewhere and the option is you can buy liquid natural gas from the United States or elsewhere for a lot of money, it's a lot more expensive or you can buy cheap gas from Russia from a variety of producers who are competing against each other. It's an open market. Once it's all fully liberalized, there's no reason not to buy it. Yeah, and with the pipelines I have looked at all those because Seth Klarman is an owner of Cheniere Energy, the LNG liquidification processing plants in the United States and they really depend on how cheap gas in the US is. Then there is a nice premium on the liquidification plus the transport. So it cannot compete with Russian gas in Europe. It's mostly for the rest of the world where Russian gas cannot yet come. So that's a risky play. I don't know how profitable it will be because there are other plants coming up in the Middle East with a lot of gas, a lot of LNG that will be even cheaper. So long-term we will see there will always be ups and downs and volatility but long-term it's probably the cheapest gas. And this also explains, if they own the cheapest gas, they know what they were doing with their mega-investment cycle over the last 10 years, which is now being closely winded down with normal, the normal capex, the normal smaller investments but the crazy big Russian megalomaniastic investments should be closed and should start bring to higher cash flows and higher dividends as we have seen already. Yes, and for the benefit of your viewers, let me just very briefly summarize what these three projects were. So that was, you mentioned already the power of Siberia pipeline that was built to China. China is the fastest growing market for gas in the world. And now finally from December onwards when the pipeline will be switched on after I think 14 or 15 years since the first discussions about it, Gazprom is going to deliver straight into the Chinese market. I've been just reading about paper stock in China and in the annual report, the next moves are switching from coal plants to gas plants for lower emissions and environmental control. So China is really working hard and implementing gas regulations there. So that should be a benefit for Gazprom. Yeah, and it's all starting in December. So from next year onwards will be as Gazprom shareholders will be seeing the benefits of that. There was the combination of the Nord Stream two pipeline and the Turk Stream pipeline, both of which is ultimately leading into European markets. And what fewer people have on their radar screen were the significant, very significant investments into the Yamal gas fields. Some of the older gas fields of Gazprom needed replacement. So there was a lot of investment going into the Yamal region to take the gas fields there to production. Gazprom invested well over $100 billion. I think it's actually, once you add it all up it's probably closer to $150 billion. Even for such a large company that was a major, major, well investment cycle as you called it, that's the right word. And Gazprom will continue to invest significant amounts of money. There's a lot of things they still have to do, but they would have to try very hard to create another such major investment cycle. There's just not that much there that they could possibly spend money on, which is why there's now almost an automatism always assuming that gas prices stay on a certain level and you know, world politics, et cetera, et cetera. But outside of that there's almost an automatism for the free cash flow now rising quite significantly in the years to come. And if you saw in February a document that I actually recommend for anyone who wants to read something that was issued by the company, they published an investor presentation in February which is on the website of Gazprom. And on the cover page it says something about the new cycle for the free cash flow, which is the investment theme for Gazprom for the next three, five, probably 10 years. I think Bloomberg was estimating about $7 billion in free cash flow in 2020. What are your estimations? I struggled with something that you also mentioned in the beginning already. There are always different estimates and there are some very opinionated people out there. So I've just looked at a research report about Gazprom that was issued by Wooden Company and they also say that the current estimates for the price earnings ratio to stick to that one somewhere between three and a half and five. So I mean, that's quite a margin. It goes to show that because Gazprom is such a vast and complex company with so many different operations, it's very hard to predict precise numbers. But when I have to stick my finger out there, I would say the shares probably trading at a price earnings ratio right now for four or less. And I mean, that leaves it beyond any doubt that it's extraordinarily cheap and the payout ratio is still not even anywhere near those 50%. So in terms of increases in dividend, even if the free cash flow increases a little bit slower than we hoped for, there's still significant room for the dividend being increased because the investment cycle has come to its end. And I think the market expects a 7% yield from Gazprom. So if they hike the dividend, probably the stock price will follow to give you a 5% to 7% yield. Yeah, which means you have very limited downside and there is significant upside for a whole variety of factors as the ones that we've already discussed. And how does the new management, the new CFO fit this whole picture? Yes, so one of the lesser, once again, lesser observed factors at Gazprom in recent times was that in the first half of the year, there have been major changes on a management level. These were probably the most far-reaching changes and replacements on a management level that Gazprom has seen in the last 20 years almost. The CEO is still the same. He's been the same guy since 2001, but they replaced the CFO, the chief financial officer. And very interestingly, he's going to give a presentation on June the 20th, which I honestly cannot wait for. He's also replaced, he's basically replaced his team for CAPEX and investments. And it appears, at least that's what you hear in the rumor mill, it appears that on June the 20th, they're going to make a few statements about some significant changes to the investment strategy of the company. One of those changes could be that subsidiaries are spun off and raise money elsewhere, as we've heard in case of the exploration subsidiary. A spin-off ultimately also has a very concrete financial rationale. You want to raise outside funding and raise it cheaply so that you have cheap financing or refinancing for your projects. As a side effect, you increase your exposure to investors, you become more transparent, et cetera, et cetera, et cetera. But you have more cash for yourself. Simply more cash, yeah, you can refinance other investment projects that already exist. And it appears that under the leadership of the CFO, a number of key aspects of the investment strategy of Gazprom are going to change. I hope not just one, but several spin-offs is among it so that this vast empire is gradually becomes a bit more easier to grasp and easier to analyze. And yeah, lots has happened on that front. We've also had two Gazprom executives arrested in a Russian region in a remote region because they were involved in corruption. So the company is tackling that subject. There is corruption in Russia. There's no doubt about it, but the company is tackling that. All of that comes together to a very interesting picture where you see changes on so many levels and who would have thought Gazprom was perceived as this company that never changes and it's a boring, stage-run Russian company, but it's not quite what reality is when you start digging into the details and you check the facts. My favorite chart with Gazprom is always the one showing the market capitalization. And then if you look at 2007, 2008, you see really exuberance over Gazprom, probably on the promise of what it can become over the next decade. Actually, Gazprom has become that company, but the market cap is not exuberant anymore simply because of the developments in the past, the war with Ukraine, et cetera, has become very negative, but the company just did what it promised to do 10 years ago when the market cap was much, much higher. So to conclude, we can say that the risk reward is still skewed toward the reward. If you like a nice dividend of what we are now, 8%, it can always be lowered depending on gas prices. It won't be, it isn't a given, but it probably will not go below 4% or 5%. So if you can wait and see what this company develops, then it's still a hold, right? Absolutely, and I think you summarized it very nicely and to that I would add, so as we discussed in the last video that I did with you, I've just relaunched my investment website after spending a number of years doing other things in the private equity space mostly. And I spent about six to eight months thinking about what is going to be the first stock that I will discuss and analyze and by extension recommend on my blog. And I put myself under a fair bit of pressure because I wanted that to be something that I very much believe into myself that has a prospect, not just for the next one or two years of delivering good returns, but that is an investment that my friends and my family could purchase with a view to three or five or eight or 10 years. And in the end, I decided to write this quite extensive piece on gaspom, which I also wrote with a view to, I want this to be an almost timeless report. So the members of my website or those who are interested in it, they will find this report still useful, even though it came out in December. And I've just issued that additional 31 page report just about the monopoly status and North Stream and these sort of things that are interesting for gaspom. And I've done all that because I very much believe in gaspom being a long-term play that if you are a value investor, if you buy a business, if you want to find companies where a catalyst or catalysts lead to sudden changes in the valuation, I think then gaspom is truly one of the companies you need to have on your radar screen. It's in my top 10 shares worldwide right now. And there is always risk, there will always be risks with Russia and the sanctions and who knows what. But as Charlie Munger said, whatever happens long-term, it's actually most profitable to keep the gas in the ground or the oil, which I think few people understand, but the actual value of the company is always in the reserves that are in the ground that can be exploited somewhere, sometimes in the future. It's impossible that gaspom goes bankrupt because the debt is what, 30 billion and the cash flow is 20 billion, so they can sell just whatever part of the company and they be debt-free, which is really, really crazy or they can pay off it in one year, they can pay off the debt and be practically with very, very low risk no matter what happens. All right Sven, thank you for this nice presentation. It's really nice how you dig deep into the details and that really supplements what I do, which is more of an overview risk reward value investing. So that's why I think the combination is really, really good. And well, I hope I'll see you in the next video about some other very interesting detailed analysis of interesting risk reward undervalued shares. Thank you Sven, take care. And thank you investors for watching. If you like this value investing perception on investing, please subscribe to the channel as value investing is all what this channel is about.


I want to make this very important, because I've seen a lot of people having very unrealistic expectations from trading, because these fake gurus, they call them FUU, I coined that phrase, FUU, F-U-R-U, a fake guru. A lot of these fake gurus, all they do is, you can tell a fake guru about their Instagram. Their Instagram is nothing but fancy cars, watches, lifestyle, all that. Where is the trading videos? Where are the trading screens? Where is your office? Do you trade? Or do you just make money off of other people?  They have these very unrealistic expectations, sure, Bitcoin, put all your money in, it'll go 10x. But that's Bitcoin. That's crypto. That's shitcoins. You can do the same thing for penny stocks. Same exact concept for penny stocks as altcoins and all that stuff. So I don't even talk about that, because that's not realistic in my opinion for consistency. Those are gambling. Sure, it pays off. When you're right, 90% of the people will lose all their money, 10% will make money. But that's not what I'm here for. I'm here to teach you a consistent, MIC is here to teach you a consistent trading strategy that you can make money consistently. And I want to show you exactly how, because a lot of people have unrealistic expectations. They come and they go, we're going to wear a Lambo. So we made that kind of phrase, kind of famous as well, wear a Lambo. You join and you expect to make a Lamborghini the first week or the first day of trading. And if you don't, you quit. Those are the alert services. The alert services, they pump and they dump. The reason that those guys are making money, because they're the first person buying these low float stocks.  They make money because you guys are the sheep.  So we don't want to do that. So I'm going to talk to you. So I'm going to first show you.  I have one small account that I trade. I want to show you how I did that today, guys, and how you can have realistic expectations of making real money, real trading money, not being a sheep. No alerts. We don't alert. We guide. We give you a watch list. We tell you what we're trading an hour before the market opens. There are people here that want to genuinely teach you how to trade, to become a self-sufficient trader, not just who is the fastest sheep running around, right, guys? So I usually do not post the P&L. For me, the process means everything, guys. But today I'm going to show you. Okay, I'm going to show you because I trade on a small account to show you this because Alex told me, man, people are having way too much unrealistic expectations. So here we go. So this is just one account. I don't know if you can see it. Oh, I see. There is only 33,000. So barely made over the PDT. PDT is over 25,000. The broker is the 27,000. So we keep a small amount in here and we make a certain amount. We tick it out. So this is the process that we teach at MIC. So with something like this, I made a ton of mistakes today, guys. I got out early. I took some losses and I still managed to make $1,300. This is in the grand scheme of things. This is nothing. But if you imagine, imagine if you do this every day on the average, some days I will make $3,000, some days I'll lose $1,000. But the average, okay, let's say you make an average of $1,300 a day. That is life-changing money for most people, guys. That is life-changing money for most people. This is nothing to brag about, but you know what meant for a normal person in the world, having a supplemental income on top of their job of $1,000 a day means everything, okay? And if you take a look and I'll talk, I'll show you exactly how I did that today. Today was a very slow day, too, guys. I traded multiple accounts today, but that's the account that I showed you because that's a small account. Look at that, guys. All you need is $200 on the average to make $50,000. Who here would love to have an extra 50 grand a year? I think everybody would.  I'm not telling you to quit your job, guys. I'm telling you to supplement your income. If you can make $200 a day, in my opinion, simple as $200 a day, that's life-changing. The reason I call that life-changing is I remember when I was growing up poor or even middle class, having $200 a day extra means I can go into any restaurant I want and order pretty much whatever food I want unless you want to go to a fancy place. But you go to a normal restaurant, it's $100 you're paying, right? And so you imagine being able to walk into a steakhouse and paying $200 for that steak. And you can do this every day. Of course, you're not going to go out every day, but that, to me, is life-changing money. $200 a day, $50,000 a year, pays for your rent, pays for your mortgage, pays for your car, pays for your living expenses, guys. So people don't understand, man. They go out in their rush to make millions of dollars. And think about this. You make $200 a day consistently. Of course, you can make $500,000, but this is the part I'm talking about. You must be able to make $200 a day consistently. Don't start trying to make thousands of dollars a day. $200 a day is the blueprint for thousands of dollars a day. In my sleep, I don't want to say this, but pretty much, guys, every day I can do this. The problem is, this is not enough for me, obviously, because my lifestyle is much more than this. So it depends on you. But the point is, the process works. You need to be disciplined. It's the lack of discipline that kills everybody in trading. And so, if you take a look at this, again, your goal may be just $1,000 to get to the point where you're making a quarter of a million a year with $1,000 a day. So with this $30,000 account, guys, I can make a quarter of a million.  I keep to the risk management that MIC teaches me. Guys, this is a slow day, too. And I'll show you everything, right? The commission I paid, ECN rebate, I didn't trade many shares, $1,300. This is a, and I will show you, I even lost two things. This is a small size, guys, I did on a small account. You know, I'm not trading with a $500 account, trying to scam people to think that you can grow a $500 account into millions of dollars. Those are the scammers. Anybody showing you $500 account to a million dollars is a scammer, dude.  You personally cannot do it. They do it because they have sheep. They're the first buy-in and all that stuff, guys. And so think about this, man. If I can make this on this little account and you have more money, you can do whatever you want to do, man.  So with this, I could probably make $3,000 a day, guys, on the average. Depends on the market, obviously, right? But realistically, that's what you can do. Using small size, I'm going to show you the trades once again. So this is NES, all I'm doing is I'm trading line-to-line. I'm doing my scouts. There's many ways to trade, okay? I traded, it's just a slow day, so I just did small scouts on these stocks. I took a loss. The key is, once again, guys, let me show you, I'm going to put my mouse here. What's my mouse? The key is when you lose, you need to stop out. So AMC, I stopped out for a tiny loss. I lost $150 on this account. Okay? This is AMC. It went up. Sure. But you know what, man? I'm cool with taking $150 loss. I'm still up $1,300. Another one I lost was BFRI. I lost $35 on this stock. I covered it pretty much even because the reason I covered it is, look at the time, $1030. That is the zombie hour rule, $1030. At $1030, I'm like, dude, I'm not going to take a chance. I am just going to break Eve on it. Sure enough, it's zombied up to nearly $8. So if I didn't stop out during the zombie hour, I would have stopped out at the top. I broke even and it went back down. Who cares? Shoulda, woulda, who cares? I protected my money. This thing could have went up to $10.  It tanked down. The markets were weak. It tanked down. Who knows?  And once again, guys, this is a small account. This is a day that's super slow. This is a day that was tricky. You have stocks that are running around, trapping people. Take a look at GRTX. I screwed this one up too and I still made money. Let me see. This is so here's GRTX. I do my little trades. You know, these are 500 shares, not much because this is a small account. I don't want to, you know, my goal is just to make $1,000 on this small account, guys, $1,000 today. I do not come to the market with a P&L expectation, guys. OK, take what the process gives you. You can increase your size if you want. OK, but imagine if you can do this every day. It's like I was done at 10 a.m. There was some straggler stocks that I was covering in 10 30. But I was pretty much done at 10 a.m. Guys, 10 a.m. There's most of my stuff. So I took one loss on this back. I shorted it. So I shorted this and actually held some and it's it's zombied, it's zombied. So I was short and I was holding half a position for a lower. It did not go and then I added when it went back here and I covered I took the loss here. Otherwise, I'd be up a lot more money. So this stock actually lost a little money because I was holding for more and then, of course, the tax, but who cares? I made money on it. I made I made easy, consistent money on it. Guys, this is the real expectation. OK, imagine if I made so I made on that small account $1,300 and I stopped trading at 10 I stopped trading. I could have kept on going and made more. But the point is this, man, if you keep doing the same repeatable process, repeatable over and over, why are you risking it? So Alex stops at 10 30 and he's up over $3 million shorting this year, over 3 million during the first hour. If I just stop on this account at 10 30, because the easiest trades were short on the beginning when we pre-cloud trades, zombie hours come and they trap everybody. You just stop. You follow the M.I.C. process with a $30,000 account. In my opinion, you can make a thousand bucks a day, guys. But the problem, look at James, he's trading a small account. He's making we have so many people doing this, guys. The differences, they are realistic with their expectation. They don't come into the market asking for a Lamborghini. And you know what, man, James made in, I think, his first full time once he learned the M.I.C. process. He made money to buy his dream car, the BMW I8. We have a video on that, guys. Maybe Alex can find the video or Tom Diesel says he's my historian. Find the video on James. We had a video on James talking about he making money to buy his dream car. And all James does is make 800,000, 800,000 every single day. Once again, it adds up, guys. Imagine you can do this, save your bankroll. Soon, let's say you start with a $200 level. So first year, you made 50 Gs. Next year, you make 100 Gs. Then the following year, you make this. And then now you'll be Alex after five years being consistent trader, making a million a year. It is possible. We have done it. We have done this for decades. The key is this, notice doesn't take much to make big money. Consistency is the key gains at a quick when you do not have big swings losses. That's why we have risk management, guys.  They don't tell you that you've got to take a loss. The first thing they teach you when you take martial arts is how to take a punch, how to take a loss. You need to be able to roll the punches will be able to fall down while breaking your neck. Self-defense. If you ask any expert in football, championship teams, how do they win? Defense, defense wins championships. That is risk management. Okay, every sports team, every sports team, the key is defense. Sure, you can score, but if you cannot, but if you can score, but then you can lose everything back in one day.  You see a lot of people on Twitter blow up. They probably don't even talk about their losses at all. They have no risk management. We teach risk management. We talk about, Alex even bribed people for risk management. You must set up your max daily loss. They can look at this. Zombie, again, E-S-C-C.  This is why this is why you follow the rules. Sure, 1,300 ain't nothing. There are guys making $50,000, $100,000 a day, but that's fine. They're training with multi-million-dollar accounts. They're training. They're putting tens of millions of dollars on the line. That's not you. Why are you following guys that are not you? I am teaching you. M-I-C is teaching you. Alex is teaching you. The moderators are teaching you. The members are teaching you. The process of a normal guy, how to do it. Man, the watch list is there. I don't know instead of why people do not use the watch list. You can make back your membership so quickly, so easily, if you just follow what we tell you guys. I don't know what else to say. I train with a large account. I'll show you guys. I train with a small, a big account. I'll show you guys. I train. The point is this is the same process. You just add more size when you're comfortable. But adding more size when you do not have the proper bankroll and when you do not have the proper experience will blow your account because it's not because of the wins. Of course, if you add more size and you win, it's easy. The problem is when you lose with big size, you cannot take the loss because you will freeze. If you're looking at a $10,000 loss, you need to eat that $10,000 loss. But as a new trader, that's a lot of money for you. You have not that will wipe out 30 your account. You shouldn't even get to the point where you have $10,000 loss, guys. Your max day of loss should be around three days. I don't know who these people are.  I think there are lots that are posting in some sort of weird language. That's not English. Okay, guys. Arabic or whatever it is. So guys, 80 questions. I'm going to stop here and take any questions. Consistency is the key. Risk management is the key. Have realistic expectations. $1,000 a day. You're not happy with $1,000 a day. I just don't understand it, right? I'm going to start removing people, guys. Just don't speak another language because I think there are bots. Watch this gold. Tom's watching this. There's many different ways to trade. Alex trades a certain style. I trade a certain style. Tom trades a certain style. Within MIC, there's one style that may help you. And, dude, realistically, guys, this is not rocket science. Actually, it's harder. Just kidding. But rocket science is actually pretty hard. I was an engineer. But all you need to do is just have discipline. Follow the process. Have realistic expectations. And it adds up, man. This adds up. Imagine you make $1,000 a day. And you do that five days in a row. That's $5,000, man. Now you're thinking. You do that consistently for one month. That's like $10,000, $20,000. Just make $1,000 a day. Challenge yourself to make $200 a day consistently. Just challenge yourself, guys. And you'll see it adds up quick. And you'll see less stress. And you'll see that when you're in a groove and you're patterned, risk management. I mean, that's the key, guys. You can make tens of thousands a day. But if you take a $100,000 million loss, that's a lot of money. And we see that. We see that all the time. The hardest part of trading, in my opinion, not to making money, is when you lose and you don't give everything back. I'll give you another example we talk about all the time.  The same thing with stocks. Why are you betting on a low, on a bad hand, on a bad setup? It's your job to wait to be disciplined. This is why we always talk about pre-planning. I plan all my trades before they open. That's why I make money. The plan includes whether to enter or exit for both a winner and a loss. When you start losing is when you start having this winging it, making it up on the fly. Because you have cushion. When you have cushion, you're like, oh, I want to... But cushion is bleeding every day, man. So the same example is, Hey, who's talking all this stuff? I'm going to start blocking people, man. When you start losing $200 a day, you're like, oh, that's only $200. That's bleeding. You're bleeding 50 Gs a year. So the same concept, guys. Making money, losing money, bleeding money. You have to be consistent and remove that. So I'm walking away today. I traded two accounts. I made more today in one hour than I did my first job as an engineer, guys. I traded two accounts, one small account, another account, and I made more money. So the blueprint for $1,000 a day comes from a $200 a day. And the blueprint to make $5,000 a day is the same as $1,000 a day. You won't reach a maximum, guys. I guarantee you, when you reach a maximum, you know what to do. You probably don't need my help by then. So I look at Alex. Up three testimonial, guys. Maybe next year, we'll start an account. We'll just leave it there so you can see it at work. Like what happens when you stop at $1 million. I mean, stop at one hour and you can make $1 million a year. We can do that, too. But that's not the point. The point is, I'm not here to flash, not here to brag. I'm here to tell you realistic expectations that made me money, how I started. This tweet goes back, my goodness, 2007, before MIC, where I tell people it's the consistent, guys. That's what I did for a living. I have spreadsheets. I show you this. I was the first person to talk about this during traders for a cause when I was inaugural year. I mean, I just don't know what to tell you, guys. If you have realistic, and the way you have realistic expectation, guys, numbers on the screen, just like chips in the casino are meaningless. It's what it buys and represents. So if you take a look, so that's why I like to go Amazon sometimes. And I always say online shopping is cheaper than forcing bad trades out of boredom. And it's true because on Amazon, I'm like, dude, should I buy this? It's like $100, right? Like, should I buy this T-shirt?  But why are you gambling the $100 way? $100 is a lot. $100, $200 is a lot of money, guys.  That adds up.  That's all we ask. We always ask from you guys is to be disciplined, to have realistic expectations. So I hope that helped, guys. I'm going to take a couple questions and then I'll log off. Any questions? I can bring a person on. Raise your hand. Raise your hand if you want to come on. I'm going to start removing some of these guys, man. I think that's bots just talking back and forth. And if you're not a bot, you should be cursing on here. Raise your hand if you want to come on, guys. Let me see. I see who's real. Oh, that's the hair. I see your face around. What's up, boss? Where are you at? Who are you and where are you at? What's up? Hold on. Hold on. Can you hear me? Yes, sir. What's up? Tell everybody who you are and all that good stuff, man. My name is Daniel and I've been in MIC for, I think, a year and a half now. Maybe a year or a year and a half. Are you at work right now? No, no, no. I'm at my desk door. Oh, okay. Because you have a mask on. I'll tell you all. Yeah. I'm outside right now and kind of, you know, crappy here. So I got to put the mask on. No problem. So tell everybody, how are you doing? What did you learn at MIC and how that helped you or did it help you? I first started investing, long-term investing. And then I switched to, I'm still doing that. And I switched to trading now. And I love your, I started learning your first down. Strategy. I love that. The long, yep. Yep. Yes. And I'm usually from Canada, which they don't have that broker that allows you to short. I had trade zero, but right now I'm here. I'm guessing they're having problem with Canada. So I'm not shorting right now. I'm doing, I'm going long now with interactive brokers and all that good stuff. And mainly I'm doing first down. I learned that from Harry. Shout out to Harry, my man. I haven't talked to him, but I've seen his video a lot in your video. I love it. Awesome. So you usually need a hit and run, right? That's the strategy, you hit and run. Yes. Yes. Pick singles, that adds up.  Correct, man. That's exactly how it is. So what are you looking to learn in the future? Are you comfortable where you are? Talk about like, how you started? Are you sizing up slowly? How is that coming along?  So I learned not from that, not to size up. Take it slowly. Yes. And consistently grow your account. And then if you're like comfortable with it, then you size up. But I'm right now, I'm using like max of 250, 500 shares. That's my max size. That's enough, man. Yes. Yes. 200, $300 a day, you're good. Yes. Exactly, man. I love that, guys. That's nothing to understand. And when you size up, it's not just exponential worth. So what do you have? So tell us about your risk management. What have you done to protect yourself? I actually set up Max daily loss on my Trey Zero account. Like you guys always preach about it. I love it. That saved my life, my account. How many days average do you set for the max daily loss? What do you mean one day? No, that's even good. That's very tight. That's good. So once again, the max daily loss is up to you on what you're comfortable with it. Yes. So Daniel says, I am only willing to risk one day of losses. Yes. You know, that's fine. So people don't do more than three guys. That's three's a lot. Just like Alex was talking about always risk one day of profit. Yeah. I love that, guys. That will save your... What happens is this, when we lose, you can be the most disciplined in the world, but something may trigger. And also you're crazy for that one moment. And then you go, oh my God, I regret it, right? So it keeps you up. We're human. So I love that, guys. Max daily loss. You need that because you don't want one bad moment of your life to ruin it, right? And that's why I think you're now successful, because you were not $1,000 anymore, right? So before you lost... Back then when you lost $1,000, it's because you didn't have a max daily loss, right? You saved my life, my account. Thanks, man. I appreciate you, Daniel. Thank you very much for that. Happy from Canada. Where in Canada are you? Right now, I'm in South America, but I'm usually from Toronto. Oh, okay, cool. Great, man. Have fun over in South America wherever you are. All right, boss. Stay safe, brother. Thanks, boss. All right, there you have it, guys. I'm going to log off of this. Daniel preached exactly what it is, man. Small gains, add up. Max daily loss, risk management is the key. That's it, guys. Any other questions you want to have? A couple quick questions I can log off. But I guess we're going to say goodbye. I want to keep this video short, guys. All right, guys, we'll see you back in the room. Thanks, Daniel.


Okay, so we're going to make a little bit of nice fresh fish for the kids today. Some people say my children won't eat fish, and maybe that's right, but they're more likely to eat it if it doesn't taste too fishy. So one good way to get that fishy taste out is to put a little bit of a marinade on top that has some nice flavors in it. So I'm using a tiny bit of mayonnaise in here, and then I'm going to use a bit of garlic, because garlic is a good way to get rid of that kind of fishy odor that some fish can have, and then they end up actually liking it. For this, I'm going to actually use a garlic press, because the garlic comes out in smaller pieces when you put it through a press, but you can actually use a pounder or you can just chop it up into really small pieces. So I'm just going to squeeze the garlic out of here, and then I'm going to use my spoon to scrape it into the mayonnaise, and then I've got some chives. Chives are, I think, in the onion family, and they kind of add some flavor as well, and kids tend to like them, especially if they're not all over and very visible, so I'm going to mix them in with the mayonnaise. So I'm going to use my children's scissors, and they can actually do this part. They love it. They're not here right now, or else I'd ask them to do it. That's about enough. Then I lined this container, this pan, with some foil, because it makes it easier to clean up then. You don't have to scrape the pan. You don't want to feed them fish like salmon or halibut every day of the week, because some of those fish, there is a bit of a concern about mercury levels in the big fish that swim at the bottom of the ocean, but once a week or once every two weeks is fine to have a little bit of salmon. I bought these tail delays. The tails of the fish have less bones, so a tail like this, I can't feel any bones in the fish. You just don't want to be feeding really young children fish with bones in it. There you go. See how easy is this? Preparing fish is so easy. People think it's complicated, but it's actually one of the quickest things to make. And all you have to remember with fish, high temperature, short amount of time. Put just a little bit of salt and pepper. We don't want to put too much salt on our children's food just because we don't want them to develop a taste for too much salt, but a little bit of salt can add flavor and can actually bring out the flavors of the food. I'm going to put a little bit of pepper on top as well, and then look how easy this is. I'm going to mix it up and slather it on. Done. Now it goes in the oven. Depending on the size of your fish, it could be 15 to 20 minutes, and probably anywhere between 400 and 500 degrees is perfect for fish. So we're ready to take our fish out now. Looks good. And what we're going to do, just to make sure that it's ready, we're going to take a knife and just kind of cut into it, and you can see that that flakes apart nice and easily. So that means that the fish is cooked, ready to serve.


wealth there are things common this afternoon Gary sort of confirms a place outside the league one for next season is it tough to take. Yeah, very much so. We came here and started The game well before. Had a good chance is SC in particular and then and then their first real attack unfortunately was poor defending from us and ends up Felly, mae'n rai i'r honi ni wedi bod yn cael ei syniadol, oherwydd bywch chi i wych yn cael ei gweinwch i'r rai cwsiaeth. Rydyn ni'n gweithio eich bod yn rhaid fawr i'r bobl yn eu rhaglen. A chi'n rhaid i amihed. Felly y gallwn mynedd iddyn nhw'n mynd i chi. Mae hyn yn ei bod yn ni, rydyn ni'n gweithio'r cartiges ei ddwyl ar ôl.  I guess the most frustrating part was it was a little bit like Bristol in the sense that we started well. We created lots of chances and we probably should have been at least one goal up. Definitely. That's it. Between both penalty boxes I think we, since we've come in we've played well but it's not between both penalty boxes how you score a goal and unfortunately we haven't been clinical enough or ruthless enough. Whatever word you want to give it between both penalty boxes. I guess the shakiness at the back probably came with the nerves then after that first goal. I don't know in terms of shakiness or nerves it was just poor defending from the first goal and then obviously then the sending off doesn't help us one little bit but I thought once obviously that had been sent off the way that the lads went about it. The shape and the organisation we restricted them, made some great blocks but we didn't really threaten obviously we have the header where it gets cleared off the line but apart from that we've not really tested Coventry enough. A word on Ben Wilson that's his first league start for the club and we obviously got to look at Danny Devine this afternoon and he's just starting to perhaps look at next season in terms of players that may still have a future at the club. Well all the players from now until the end of the season and ever since I've been involved it's a job interview for him every game they do their talking out on this pitch you know and it was a chance to like I say have a look at Ben and Danny and I thought they did both did well I fought powdery again the younger ones you know Lewis the energy George Miller when he came out it was a difficult task up there for him on his own but they kept going and they showed some pride. Yeah and in terms of going forward with the Eastern Monday game will there be more changes? I mean obviously we have a little Fred Bear aren't we on the plate? Obviously we've got people missing but Adam Chickson's injured but it's just one of them at the moment we'll dust ourselves down after today and we'll see who's available Saturday and Sunday before going into the game on Monday. Lastly the wins may not make a difference but what would you like to see in these last three games obviously you're a guest by your job interview comment you're expecting to see players really trying to impress. All day long that's exactly what every every game every training session and we you know like I say we'll be between penalty boxes with decent enough but we've got a bit more ruthless and that's what we'll be looking for.


Good morning! The sun is out of control. Like literally do you see that difference? It's like actually my first day at my work city job at Columbia University. How exciting! Usually when I record vlogs like this I do like a whole like morning montage and it's so cute but yesterday I literally was 15 minutes late to my 9 a.m. class and I got up at 6 30 a.m. so oh my gosh I forgot I had this I got these from SoulCycle and they're actually really I also packed my lunch and I'll show you that a little later but let's vamos! I'm so far it's been a really good first day I really like my boss she's so sweet and honestly truly like it seems like it's gonna be a really chill job I work on Fridays and Mondays and Fridays my boss share that it's really really slow here so I have my reading from school so I'll probably just sit at my desk and read for the rest of the day it's really cool if you don't know what the Dean Hope Center is it's basically a community a mental health center and watch the doctoral clinical psychology students and the master's licensed mental health counselor students see patients here under supervision hopefully I'll be one of the people like taking patients here one day under supervision we'll see I won't get ahead of myself right now it's just what it would be like to be a mental health counselor honestly this is like the chillest job ever my boss just left and literally there is no one here and I'm leaving in 30 minutes so just hanging out until then okay so now I'm on my way home it's 3 o'clock and my first day is over and that was literally so easy and so tell I'm like super looking forward to working there throughout the semester because I think it'd be a great place just literally to sit do my readings for class and get paid um but now I'm on my way home I'm not sure what I'm gonna do for the rest of the day I'm kind of tired but I feel like I need to move my body because I didn't work out yesterday uh so keep watching we'll see what I get into it's such a beautiful day out I truly was thinking about doing like a workout like a berries or a Y7 or a soul cycle or something like that but it's so nice out I honestly think I'm just going to go for a long walk and do some reading that I have for school just at the park so vamos why do I keep saying that let's let's go bye son we'll see you later it's one of my workout sets that I actually got on amazon so I'll put my link below it honestly was $30 and I got an orange one that's really but I'm just like so obsessed with these like they're just so comfortable and like fitting and like oh my god I'm no park I'm about to do so uh let's go home oh dark and gloomy out so always listen to your intuition okay so now if you follow me on instagram I do like a daily no spend or like I track my spending every day and so I spent a lot of money this week but I it's Friday and on Fridays I usually treat myself to Starbucks but since I couldn't today I'm going to treat myself to instant ramen instead bad time I'm good right now please leave me a comment collecting the girls every single time


It's really weird how little we talk about humanity's imminent doom Did you know the insects are vanishing? They are Land-dwelling insects like butterflies ants and grasshoppers are now half as common as they were 75 years ago That's why those of you who remember catching fireflies on summer nights as kids don't see them much anymore And why car windshields don't get covered in dead bugs like they used to This is a part of the animal kingdom that the rest of the ecosystem is built upon And it's undergone a drastic plummet that we've personally witnessed in our own lifetimes If you were a sapient insect watching it happen, you wouldn't be thinking in terms of a future Armageddon You'd feel that you were currently witnessing it People bicker and argue about global warming and what should be done about it and if it even exists But climate change is only one of the many ways our biosphere is moving toward death There's also been a shocking loss of two-thirds of Earth's wildlife in the last 50 years Ecosystems dying off forests disappearing soil becoming rapidly less fertile mass extinctions Oceans gasping for oxygen and becoming lifeless deserts while continents of plastic form in their waters And the aforementioned insect apocalypse The way the debate fixates solely on temperature and carbon levels is like if someone had stage 4 cancer throughout their body And they were in a coma and their vital signs were dropping and the doctor said death is imminent And everyone was stuck on arguing over whether or not low blood pressure is necessarily a bad thing And nothing's being done about global warming anyway Conspiracy types have been claiming for decades that it's a hoax designed to advance this or that agenda And during that time the only thing that's advanced is the temperature of the planet and the ecocidal capitalist systems responsible for it The 2021 UN climate change conference has seen world leaders issue a non-binding pledge to achieve carbon neutrality by or around mid-century While taking naps and tossing coins into Rome's tree view fountain for luck in addressing the issue that they could all Solve quickly if they actually wanted to Carbon neutrality is itself a highly misleading and potentially completely worthless neoliberal sham designed to allow the continuation of carbon emissions But attempting to fix it with more consumption Meanwhile methane of far more potent greenhouse gas than carbon in the short term has started hemorrhaging into the atmosphere from thawing arctic permafrost And no one really knows what to do about it This like the albedo effect of polar ice loss and numerous other self-reinforcing warming effects that have been unlocking in recent years Can potentially cause the earth to continue warming all on its own regardless of future human behavior That's all on top of the Western Empire ramping up world threatening aggressions against both nuclear armed Russia and nuclear armed China simultaneously A multi front cold war the likes of which we've never seen before and which is only just barely getting started And if we don't wipe ourselves out by climate collapse or nuclear war we could still easily do it fairly soon with weaponized AI So our species is facing existential threats on myriad fronts which could easily lead to horrifying extinction level events Which we could easily see unfold in our own lifetimes And it's just so very strange how we don't talk about that more It's like if you knew you had a deadly but treatable disease and not only did you not pursue treatment You also didn't think about it much and didn't talk about it with anyone None of your friends even brought it up The way we're just sitting around going about our lives like this isn't happening reminds me of that experiment where participants sit in a waiting room that's filling up with smoke Without knowing that the experiment is already underway If the participants are alone they'll generally take action to do something about the problem But if they're in the waiting room with other people who are secretly in on the experiment and have been told to ignore the smoke The participant will also ignore it The smoke machine can be billowing into the waiting room at levels that would have killed anyone in it if it was real smoke And they'll still remain inactive We're all kind of doing that right now with humanities impending doom No one else seems worried about it so why should we? If it were a big deal then surely the news would be talking about it And surely our leaders would be doing more about it It's the bystander effect in action on a worldwide scale Is what Bo Burnham calls that funny feeling That particular experience of watching the smoke pouring into the room while no one does anything Of knowing we're hurtling toward our own destruction while the media run headlines like Elijah Wood touted a newly acquired NFT a racism scandal ensued A funny feeling indeed But of course it doesn't have to stay that way We can help our species fight its way out of our waiting room stupor by taking action to spread awareness of the problems we face and their underlying causes Since spreading awareness is the only thing that ever makes any real difference in such matters anyway Whether we're on our way to our doom or not And whether struggle is futile or not Working to help as a gratuitous act of love is still the sanest possible response to this glorious mess And even if we are all doomed and our fate is sealed It doesn't have to be all bad Some people with terminal diagnoses will tell you they've been living more in their last few months of life than in all their preceding decades combined The fact that this could all end at any time is all the more reason to treasure it with all our hearts To become big enough to let its beauty and majesty in so we can really appreciate it To behold this miraculous place with eyes full of wonder To pursue spiritual enlightenment and then laugh to the heavens when we realize it's already here If you don't succumb to doomerism and defeatism and really embrace this moment in history for what it is This is the best possible time for a human to be alive