It's time that Coles and Woolies, the corporate supermarket giants in Australia, were called to account. Millions of Australians are struggling to put food on the table, struggling to afford the basic necessities of life, while Coles and Woolworths are raking in literally billions of dollars in profits. It's impossible to walk the aisles of a Coles or Woolies supermarket at the moment, fill up your trolley, get to the checkout and not be appalled at the dollar value of the goods that you have gathered. It is time that we had a robust inquiry into the pricing practices of the corporate supermarket giants in Australia. It's time we examined the overwhelming concentration of market power that Coles and Woolies have, and it's time that we hauled the CEOs in. Those CEOs of Coles and Woolies that are making off like bandits while their corporations make billions of dollars in profit and ensured that those CEOs are called to account for their pricing practices.


Thank you very much and It's a pleasure to be here. It's a real honor to to be asked to speak at the this Augusta these old holes I'm involved in some practical farming we run a We milk about 15,000 cows and export about 20,000 tons of pumpkins a year out of New Zealand Through that business on the right through the business on the on the left. Sorry business on the right we We we planted about six and a half thousand hectares of carbon forestry We're the biggest dedicated carbon forester in New Zealand And we've done both of those businesses both with our own capital But with with substantial international money that we brought into New Zealand So we're responsible for a quarter of a billion New Zealand dollars worth of equity funds under management We borrow a bit of money from the bank and we we run about four hundred million dollars worth of farming assets in New Zealand and forestry The business in the middle is is is a database which we've spun off from map of agriculture When I first started going around the world raising money for New Zealand farming I used to look into the eyes of the potential limited partner and and I used to see this I used to see what he was thinking which was I like what that guy's saying But I bet there's some land in Kazakhstan where you can do it a lot cheaper and and you know Nowhere in the world could we find a database that could tell us whether that was the case So we just built it and so What we're gonna do is I'm gonna give you a wee Outsiders view of Irish farming From that database I'm gonna just give you a two-slide summary of what what is a farming group We think is our responsibilities with respect to climate change I'm gonna summarize some on-farm climate smart initiatives That we are trying to we call our fund manager cream or sustainable so we take this stuff pretty seriously And then I'm gonna skip over some quite technical slides that I've written Because we're just not gonna have time to get through them and enjoy our evening The most important thing is to get discussion going not for me to hit you over the head with a whole lot of mathematics so I put my business cards there and Anybody who wants the more mathematical stuff about What is the amount of hectares of trees you need to grow to fully defuse the carbon or Nitrous oxide or methane from some ruined at animals. That's that's in those that's section four and then we're gonna have a look at the at the price of coca-cola and milk in the high street here in Dublin and Then we're gonna talk about sheep so We actually have been researching so far we haven't brought any land other than in New Zealand but we've we've we've tried to buy land in Australia and they drove us away and We've tried to buy land in East Germany, and we couldn't get comfortable with it and we We we we brought our best analyst over a young guy who was an outstanding farm acquiring guy in New Zealand we said come on find opportunities in the Irish and and In English and Scottish agriculture. Where's where's the opportunities and Annoyingly we couldn't find any opportunities here in Ireland our conclusion was that It's a great place to farm It's good infrastructure, but we just didn't find a lot of Opportunities to bring say New Zealand farming techniques to this country because frankly you're already farming very well here There's a very good a very good advisory community could spread a best practice So for an investor it was just harder to find opportunities We we are becoming aware here in in Scotland and in Ireland and a couple of other European countries There's a lot of talk about Government sort of support of the farming sector to to get out of beef and into dairy and all this sort of thing That concerns us in New Zealand. We've had experience of governments picking men as it when as it seldom works out well and There's some environmental constraints simply because of the lack of cheap land So let's have a quick look at this database Missouri and Let's have a look at the profitability of that over time and what we'll see is that Operational returns have been pretty disappointing and this is the characteristic of beef farming all around the world including as I understand it here in Ireland Pretty low profitability per hectare EBIT and Production levels of But you know 100 150 kilograms per hectare, which is not atypical go to a European country And we'll see that beef And say Germany is also generating pretty disappointing with very low returns even lower for the owner operator who's making a loss and The landlord is making about 1% so So there's a very ordinary farming sector that hasn't performed very well I happen to think it's about to have its it's good times again for a few years because all of these agricultural commodities go in cycles But it isn't an easy one There's one this is a very valuable database the European Commission put together and we're about to have a look at all the Irish data Which is why I wanted to look at some American and some German data before we did but There's one thing you have to understand about this database and that is the wages of management are Imputed so a small farm where the small farmer is prepared to Work long hours just because he loves the lifestyle His salary will be imputed at a full salary and so he'll often appear to make a loss although. He doesn't think he is Let's have a look at Ireland now, okay, here we are beef Well, let's have a look at dairy first. Let's have a look at some Grains just just for a change So we have grains here in Ireland so Operational returns per hectare of around about 400 euros Now since the European subsidies just over 200 euros a hectare that's those operational returns to the farmer a roughly half subsidy This is the average person. I'm sure there's a lot of people in this room. They're not that are not the average But this is the average from the European database and That means that that grain farmer is making about a 1% return on this capital here That's the total capital he has employed in that in that farm So that's how we we look at farming when we we bring up all that data and we try and look at its its economics Let's have a look at Dairy farming here in Ireland It is it is growing about five five hundred and fifty from four hundred and fifty kilograms of milk solids per hectare per year multiply that by 12 that's about six six and a half thousand litres of milk per Hectare per year This is your average farmer and again very similar profitability to your grain farming but Probably a bit more reliable and Operating it, you know one and a half percent return one of the things that we found very interesting when we looked at the data Was it your landlords returns have been going down rents have been going down from four hundred a hectare to 300 a hectare and the owner operator He's still capitalizing his this or the operator the tenant He's still capitalizing his labor at a cheap rate and giving away labor for free, but it's getting less bad and he's starting to get a better return So we just we could see some interesting trends. We think there's a lot of stability there Let's compare Irish dairy farming with say Australian Let's have a look at the let's have a look at I don't know Queensland and there we can see You know the average farmer in Queensland is growing 200 kilograms, you know Ireland's doing four or five hundred so a Much better place to farm Let's have a look at probably the most comparable farming sector To you lot and that is the west of the UK and there they are Generating very similar returns per hectare Very similar But they're getting a higher operational return because their total assets is Only about 60% of yours. So you're capitalizing and It is a great place to farm the UK and and these chaps have TV, which you've substantially got on top of but You know those are the comparative so we would you know as a sort of professional investor in farmland, we would say The west of England is a great place to farm Ireland's a great place to farm both of them are Fully priced but never the best fantastic farming industries. I Know this is what I do when I'm trying to raise money from investors. I now go to New Zealand and I Go to an ordinary place in New Zealand like the Waikato where they don't have irrigation and there they are doing Just under a thousand kilograms of milk solids per hectare per year instead of doing 400 euros. They're doing an average of about 1500 to 2000 of Cash flow and they're making operating returns on capital of about 5.4% even though capital is similar to your capital per hectare here. It's a large amount of money that we pay for farms in New Zealand We actually have all our farms in Canterbury. We're quite keen about irrigation. We're going to debate that later But we in Canterbury We're we're able to grow about a tonne and a half of milk solids per hectare per year and cash flow averages about $3,000 a hectare The capital value of those assets is pretty high But you're still able to throw off cash at around about a 7.3% rate. So that's that's a quick survey of of of Some good solid places to do dairy farming the west of England Island Some new world places America is very similar to New Zealand by the way So we have a quick look at that and then we'll get off this database dairy farming in a place like say Minnesota is Be very profitable the last ten years making around about a 5% return and But but much but on a much more extensive scale similar type of production per hectare to to here more grain fed of course right, so that's a quick survey of Sort of the context if you like of Irish beef and dairy farming Let's have a now have go back to my presentation And this is any questions We conclude it was you know dairy farming here is about the same as crop much better than beef Good production levels and reliability very good productivity gains I didn't point that out about three and a half percent per year per hectare that gets capitalized That's that's that's that's showing the the quality of the advisory and the technical work being done in this country Operator returns rising and landlord returns falling Quick quick summary of climate change just two slides so that the atmosphere wraps the earth in a 20 kilometer thick blanket Only zero point four percent of this it used to be zero point three percent Zero point is is CO2 We need to get that down to zero point three five percent That's a reduction in one meter's worth of CO2 That's about ten or fifteen gigatons per Per year that we need to somehow take out of the atmosphere and I'm going to argue Quite briefly because I'm going to run out of time quite soon that forestry is is one of mankind's most cost-effective tools In that fight and it could be interesting for you here in Ireland, although I know at them until 2020 You can't actually use forestry as a mitigate here in Irish agriculture so This stuff over here on the left is is the stuff that McKinsey when they did this big study said was I mean I'll eat on you this presentation said was was was a negative cost you know was it was it was a gain to society to make our cars hybrid and insulate our houses This is really where where agriculture plays its role reduce flesh and learn agriculture reduce possible and conversion grassland management To greater than restoration partial and therefore a station that gives us access from about ten to get up to about 25 It's very cost-effective between five and ten euros per ton. So According to McKinsey and I fully agree with them forestry and bitter land management has a massive role to play in combating climate change Let's have a look at what we can do on our farms. This is some research from the from the one of the crown research institutes in New Zealand It's an excellent paper and it's referenced. It's footnoted in here It's it's a Bible of how to get your dairy cows to make to produce less methane Their conclusion was if we can we can take our carbon intensity down from 12 kilograms of CO2 per kilogram and looks I was down to about nine simply by increasing production per cow Farm infrastructure management skill off farm grazing feed pad Barney in the winter pasture and animal genetics Soil sequestration also has potential There's some very well documented Material on taking going from arable systems, which when you're continuous cropping arable You'll be done at about 2% soil organic matter unless you have exceptional peat soils If you if you're if you're continuous cropping clay lands You'll you'll do what the eastern counties of the UK are rapidly heading towards which is 2% organic matter You will get your organic matter back up to 7% within 10 years But it's a one-off gain And although after that one-off gain you've got a lot you can still each year make a difference Pasture and feed management also helps a lot. We think Ireland's probably ahead of New Zealand in this respect You here in Ireland have had a nitrate legislation for a lot longer than we have 10 or 15 years We've had it in New Zealand for three years and it's radically changing New Zealand farming practices as you do here in Ireland we will soon be having a lot more feed pads more winter barns and protecting Soils in the winter, which is when we get the most loss of nitrates into the waterways and into the atmosphere Some interesting work being done on plantain and chicory in terms of pasture and feed management and It looks like they they both Significantly reduce the greenhouse gases coming out of out of the out of the room and Bioengineering of the cow has potential. It's actually not my area of expertise. I think it's gonna be very interesting. It might take a long time, but So what's what's what's what's the possible strategy that that? Develop country and developing country agricultural sectors might start to adopt Clearly feed pads and winter barns Clearly regulated and well-defined fertilizer use with with a high degree of extension and training around the time of application of fertilizer Managing to higher grazing residuals On each grazing round increasing soil carbon and nutrient fertilizer uptake through deeper roots. So building the soils And might these techniques all together contribute maybe 30% of headroom They'll never get us to to a carbon neutral cow, but we might we might create some significant headroom Then maybe we could offset some of the needed headroom with forestry and that's what I'm going to talk about next And and then see if we can come up with some technology So the numbers on cows and this is what I promised I'm not going to go through the numbers on cows when you really boil it down and do all the math cow carbon neutral you would need to spend about 3% of your revenues, which is probably about You know 15% of your profits of your profits on buying carbon credits and that's with carbon credits at a depressed price Really unattractive to the farmer But actually the farmer doesn't have to become carbon neutral You know, we're not we're not asking urban people to stop driving their cars The farmer doesn't have to become carbon neutral what the farmer has to do is is not increase his greenhouse gas emissions He has to offset growth So if he grows his farming industry, which I understand you're planning to do here in Ireland That only applies to the marginal growth in production So if we if we become cure to the compliant by which I mean and say we've got ourselves 20 20% ahead of where we should be Well, we have to pay that on The marginal headroom, but that's that may be only about you know 1% of revenues a lot more manageable So that's cows. What about trees? Carbon forestry is the f forestation of non forested land in temperate countries annual sequestering from softwoods will be between 5 and 40 tons per hectare per year and depending on whether you plant short-lived softwoods like Pinus radiata or long-lived species like Sequoia or Douglas fir You can you can get these gains for 20 30 40 or even 100 years But once you've had those gains a steady state will then ensue The forests carbon footprint will become steady state you get no further gains once you have a lovely forest. That's mature Sadly, so forestry is only a one a one-off gain to mankind the f forestation of wastelands It's not a perpetual game putting cows and trees together So imagine a regulatory or compliance Standard that required farmers or nations to limit net emissions That is roughly how the New Zealand emissions trading scheme has been designed to include agriculture Although for political reasons it has not yet been extended to agriculture. So it's been it's been approved by parliament But not yet implemented It's also how in effect the policy works here in Ireland the individual farmer unlike New Zealand doesn't have any Regulatory risk at this moment, but as a country as I understand it you you've made certain commitments to how much greenhouse gases Agriculture and a couple of other sectors can put off So what's the solution will the farmer or the farming nation can still grow production? however, they would need to build an offset mechanism they could plant trees and According to the mathematics on the previous slide you'll be giving up around about three to three to six percent of milk revenues on the Marginal investment in new capacity What ratios are those I'm going to skip this slide Roughly works out that you'll need a quarter of a hectare of carbon forestry for each hectare of new new new dairy England So if you can find some land and not a goal, it won't grow dairy cows that you can plant in trees You need about for every four hectares of expanded dairy farming. You'll need about one hectare of secondary land and Putting it in numeric terms if you were to buy that land And forest it and maybe the buying and the foresting cost you 10 10,000 euros a hectare That would add about 8% to the capital cost, which is which is a lot, but it's you know I think it's it's workable. This these are not impossible numbers for a society to attempt to achieve The same numbers in New Zealand work out to about 4% Slightly cheaper land slightly more productive daring the ratio is about one hectare of Farming land and half we need we need more forestry because this is quite an intensive daring system But we buy there we buy the forestry land a lot cheaper You don't need to grow your carbon at home It's actually possible to establish high yielding carbon forestry up to 50 or 60 tons in tropical regions These countries have significant Serato grazing lands that are underutilized There are major forestry afforestation programs going on in the Serato in the northeast of both Brazil and Columbia right now And you can establish that forestry a case share and other species at around about $2,000 per hectare In fact, we've done some forestry in New Zealand for about that amount So at a 10% cost of capital that would that would throw off your carbon credits at about $5 per tonne Which would lower that those numbers I gave you earlier about 60% So you give up three to six percent of your revenues here in Ireland if you Offsets your carbon with forestry here in Ireland if you go and do it in Latin America you could do it for one and a half to Three euros three percent of revenues. I've only got two slides to go and hopefully then I'll be almost on time Actually, I this is this is a complete non sequitur. It's just a classic farming thing I want to complain about something and it is I went down and I photographed in your spa on the high street down here in Dublin So you're allowing these characters to sell that sugar Shots here for a pound euro 80 and you know as long as we do that and to me As much as some of the other stuff we're discussing. That's the policy issue that we have got ourselves in a very weak position with a You know, I've got to believe that's a more valuable product on the left and my last slide really is that I Think another challenge that we have is the wrong type of government involvement Agriculture is an afterthought in most countries. It's not an afterthought in Ireland. It's not an afterthought in New Zealand, but There's quite a few countries. We are slightly embarrassed to say that you're a farmer when you go to dinner parties, you know It's it's sort of a forgotten industry and and we priced ourselves right down at the bottom of of You know the the the commodity chains and So because the stuff's so cheap if we produce more of it We don't get more demand people eat the same amount irrespective of the price So we supply more and it just pushes prices down Now scientists and agribusiness people and policy people of whom there'll be a number in this room are mostly urban folk They don't primarily care about farming come and they talk a lot about the desirability of producing more food to feed the starving thousands and for the most part they're very keen to roll out more technology and Then force us to sell cheap commodities and turn them into bad food So that that has been the story of 20 of the last hundred years of agriculture We've really got ourselves in a quite a weak position It caused a big glut in the 80s and 90s Government with massive farmer pressure came to understand this in the 90s and decoupled subsidy from production But my impression is we're starting to forget it again and the same well-meaning Establishments are encouraging us to get government support for producing more food, which I think it's going to be a mistake and This is a complete non-secretary if you think daring is hard try read me So we discovered in the mathematics earlier that the the greenhouse gas intensity of a kilogram of dry matter of milk is About 10 kilograms of co2 beef is around about 20 so it's a it's a harder product to Daring in my view can quite easily be made Environmentally acceptable through the numbers that we went through earlier. It's harder to make red meat environmentally acceptable It's harder to offset to buy enough forestry land to offset red meat Certainly because my family has been red meat farming for 150 years But and and when you go to the calorific content of the food It's even worse because a kilogram of red meat has half the calories in it than a kilogram of milk dry matter So we're talking about we need to for every calorie of food that we're delivering to the population us red meat farmers need to We're four times behind the dairy farmer That was a non sequitur. So thank you very much. That was some slight jumble But a few thoughts about you know the environment and dairy farming


hello guys so we are going most to have iftar it's almost sunset yes are you okay? yes what is that? the air is not very good today so i have a mask on it's reusable oh okay then when i alive most i will show you inside let's go wow it's kelvin wow it looks really good i love itaewon street so we are going most now it's very close to itaewon station and there are so many halal food wow this is halal must with me halal so it's a halal wow they are all waiting the food there are tons of food here so they are waiting food but didn't eat yet wow very interesting wow everyone in the restaurant is waiting the food they ordered food but they didn't eat yet wow wow so wow it's so interesting they just ordered food and they they didn't eat the food yet wow okay we are almost mosque at heart there are so so so many people in the mosque so we are alive mosque we'll go inside yeah let's go wow we are alive and there are so many people here wow i can't believe this bye bye for our female yeah and here is for male i will go there wow something starts wow someone started recitation and people start to eat finally i'm really hungry so maybe i should tell them i want to eat too it's so beautiful and sacred time and this recitation makes me so peaceful and calm down it's really beautiful okay let's go upstairs there is pray alone for male i don't know why but every time i come to mosque i feel so peaceful and calm down so now people are eating dates and banana the light food and they will come here to pray really soon see they're eating and they will go upstairs and they will pray this place is so beautiful with the souls sunset to mosque the recitation the people and the soul sunset wow it's perfect wow yeah this is iftar when i eat iftar alone i've never felt this this is the perfect i'm most pure i've never felt wow so the music is end the people ate the light thing they're going to pray now so this is like a praying period very impressive there are only guys in the cars eat in the other building so many people are going to pray at the same time before the rear iftar wow so many people well every everyone is gone the table is almost empty wow no one here water charity collective iftar yeah it's cool i love this place the air the people the food smells everything is so perfect the volunteers are preparing the food today i heard today's menu is halal jajangmyeon unfortunately i couldn't film but every guys land so fast to the food and stood in one line it was like i was back in middle school i always lined up so fast too because i was really hungry but yeah i'm fasting too so now i understand how hungry they are so yeah that makes sense there is a long line actually i want to iftar here but i have a female friend today so maybe i should go out to eat wow the soul's night view in the mosque that's the reason that i love soul korea so much and in the mosque there are still people who are praying this is so sacred some people are eating and the other people are leaving so yeah beautiful okay so i'm leaving to eat bye bye mosque wow so i will go out to eat you should know i don't know wow mango smoothie i know orange okay let's try I think we found it It looks good I bought bagels from India I bought so many from India I found it in my Indian pub I don't know if she's a friend, she's 80 but I'll say she's a friend Dina, Dina, do you know what is the favorite fruit of Batu Ben? No, what's his favorite fruit? Banana So this is not?


We used a Zoom UN meeting as an educational approach to provide experienced clinical research professional, CRP, adult learners a collaborative learning space to learn more about current issues for academic medical center, AMC, clinical research workforce development. CRPs operationalize the conduct of clinical trials and represent a significant brain trust for the clinical and translational science, CTSA, consortium hubs. This article was authored by Caroline Thomas Jones, Eric Lane, Artisha, and others.


Hello everyone, this is Byron King with Investor Intel and this morning today we are going to speak with Maritz Smith, who is the CEO of Alfam and Alfam and resources Alfam in is in the tin business You've heard of tin cans and hot tin roofs, but it's much more than that Maritz is in Johannesburg, South Africa because his project is in in the Congo Maritz. Good morning It is great to be with you. It's at least this morning here. It's afternoon where you are I supposed Maritz give our viewers just a real quick minute or two summary of where are you operating and what is your position in the tin market? Thank you Byron. So Alfam Resources is all about tin and we really believe we're in the right commodity. Tin in the main is used as a solder, which is the glue that holds our technology well together and we love commodities that benefit from technological advances and certainly the technological revolution. So it's a very healthy commodity to be in and the Alfam mine is based in the Democratic Republic of the Congo. We commissioned this tin mine in mid 2019 and we already produce 4% of the world's mine tin, but it doesn't stop there for us. On the back of the success of the Parma North mine we are allocating quite a significant amount of capital to further exploration drilling. We believe that we are the owners of a very prospective tin license area and we are looking to increase and grow our resource base quite substantially going forward and then in parallel to that, as you would have seen in the news yesterday, we declared a maiden resource on the adjacent Parma South deposit and that for us unlocks the potential to expand our production in the very near future. So you are a primary tin miner as in hard rock and not tin mineral sands from a river bank or something like that. So we mine primary hard rock tin ore from our underground mine. Our head grade is by far the highest globally at 4% at Parma North and through underground mining our ore is being treated then through our processing facility through gravity separation and we then produce a very high grade 60% tin concentrate which we then export to tin smelters in the east. So before we came on air we were talking and you had mentioned that the annual market for tin is in the range of about 380,000 tons per year and right now tin is selling you also mentioned for 48,000 dollars a ton. So when I do a little bit of math in my head, we're way up into the 16, 18, 20 billion dollar a year range in terms of how big of a market this is. Is that the ballpark scope? That's absolutely right. So relatively speaking to comparing the tin market to copper obviously it's a relatively small market but it is an absolutely critical market and it is a strategic metal and quite sad really that the world hasn't invested in exploration and developing new mines for 40 years now and that's why the supply side is constrained. This is a metal that the world needs, technology cannot exist without it and so we are in our opinion very well placed to capitalise on the fundamentals of the supply and demand side often. As I said earlier we already produced 4% of the world's tin and with the adjacent Palmer South deposit and and having completed a preliminary economic assessment on that we would like to increase our production in the not too distant future and become a 6-7% producer in the next two to three years. Thereafter with our investment in exploration we are optimistic that we will find the third, fourth and hopefully hopefully fifth mine and on our exploration area over a strike distance of eight kilometres and in the medium to longer term hopefully add more production to the world's constrained supply situation.  So since tin as solder is literally the proverbial glue that holds the little circuit boards and components together I mean you know there's already a problem with you know producing enough electronics if we produce more we need more tin and that leads to sort of the next question if you've got 4% of the world's market right now and it's a growing market and you're looking towards you know taking it up to seven and eight percent so there's upside room for growth for your company and for your share price I would consider yes. Can't argue with your logic and you know all we are focusing on is to continue with steady production from our current mine allocate internally generated cash flows to growth and deliver on the invisible growth path you know we our vision is to become one of the world's largest low-cost tin producers and I think Alphamony is becoming increasingly important in terms of its potential supply into the tin market. You know as I said earlier it is a strategic metal and technology cannot exist without tin certainly the cost of tin whether it doubles and trebles from this level is irrelevant to the cost of an electronic device or a circuit board it is irrelevant so really I think going forward with semiconductor and chip production increasing priority in our opinion will be given to sourcing tin for circuit boards and it's going to be a question of price which as I said earlier is irrelevant to the cost of technology. Well your grade is your ore grade is very high and so the old expression your grade is king so your cost structure I take it is attractive in terms of where you operate and are you making money let's just boil it down to that. Well absolutely you know if you look at our four audited results which we released yesterday we generated EBITDA profits of $74 million for the quarter and the tin price we averaged was $38,000 a tonne I see today the tin price is at $48,000 a tonne so certainly we don't have control over the tin price but we are focused on steady production and maximizing tin volume sales and keeping ourselves on this growth trajectory going forward. Merge is there a is there a last point that you'd like to leave the viewers with? You know just in summary you know it's it's it's one of those classic examples where a strategic metal hasn't seen significant investment in exploration development and the Elfman mine is the first major tin mine that's been developed in 40 years and you know and that's what why we are where we are in terms of supply side constraints at the moment and and and this company we believe is well set to to grow in a in the medium term and to play a key role in reducing the deficit in in this all-important tin market going forward. Well thank you so much viewers out there the name is Elfman Resources TSX Venture US over the counter markets if you are a tech investor this is the glue that holds your tech investments together if you are a resources investor this is this is one of those exotic metals that there's just not enough of it high prices and and scarcity so do your own do your own thinking and move ahead thank you so much Maritz and we wish you well you and your company. Thank you Bar.


Tiktok is hiring a large number of product managers, designers and engineers working for them. It's one of the largest tier one companies, continuous hire people throughout the entire layoff seasons. And this is definitely the best company for you to jumpstart your career right away and also pay even higher than product managers in fan companies right now. However, the interview questions of Tiktok is extremely difficult. And even the first round interview with the recruiter, they're going to ask you plus sense, parametric, product design questions is really difficult. Therefore, you must use the right methodology, right framework to nail all the upcoming challenging interview questions of Tiktok. In this video, I'm going to cover the top 20 interview questions on Tiktok and the right framework for you to nail those interviews. Stay until the end of this video, where I share with you the bonus tip that's only applicable for Tiktok product manager interviews. And most people lost their job offer just because they made these critical mistakes. Hey guys, this is Dr. Nancy Lee, a director of product and featured in Forbes. I've helped 100 people land their dream PM job offer in fan companies in New England startup and continue to get promoted as a product leader. In this channel, we talk about tech trends and free product management training. Like and subscribe and check the new video every Tuesday. I have helped so many students landing their dream PM job offer in Tiktok. And we also refer students to our partners in Tiktok as well. So we know everything inside out regarding how you're able to quickly nail your job offer in Tiktok. In my last video, we're interviewing my student Amy talking about her journey from CPA to product manager in Tiktok. Make sure to check out this video right here. The first type of interview questions at Tiktok is behavioral interview questions. For example, why Tiktok? Why Tiktok live? Why Tiktok shopping? Question number two, what's your strengths and weakness? Question number three, tell me about yourself. This is a mass asked interview questions in all type of companies out there. Question number four, what's your past experience in ABCD company? Question number five, tell me a time when you felt those are typical behavioral and leadership interview questions. But lots of people, if you're not able to pass the first round interview at Tiktok, it's likely you felt those behavioral interview questions. And I invented a unique framework called Grail framework to tackle those interview questions to make it sure and concise. Grail framework stands for get to the point, rationale, actions, impact and learning. I gave you a specific sample answers of Grail framework in this video where I use tell me a time when you felt as an example, make sure to check out the detailed descriptions over there. And I have another sample answer regarding tell me about yourself in 30 seconds. Make sure to check out this video right here as well. I'm also going to link them in the description of this video. The interview questions start get even harder from now on. The second type of interview questions at Tiktok is product management, knowledge, deep dive question. Those question will also be asked in the first round interview with a recruiter. For example, question number six, if you are a product manager of live shopping product at Tiktok, how would you lead the project? What features would you add and walk me through your thought process? This type of interview questions immediately become very challenging because you need to tell them about the end to employment management life cycle skills and process and use the creative thinking to think about what specific innovative features you can add to Tiktok live. Question number seven, do you think Instagram live is a successful product? And why? Question number eight, compare product functions among Tiktok, Snapchat and Instagram. Those kind of questions become extremely hard because not only you need to know Tiktok, you also need to know the competitor product. And this is also the typical first round interview within Tiktok. And they would really want to see if you really love Tiktok and if you know the entire market landscape of Tiktok and Tiktok competitors and do side-by-side comparisons. And that's how you must start to use different kind of product and really think about how you are a product manager at Tiktok before you even walk into any interview. I'm going to film a separate video dive deeper regarding product evaluation comparison. Make sure to subscribe channel hit the bell button so the notified once a new video is uploaded on YouTube. The third type of interview questions is product design type of question. Now product design is very typical in all type of interview brands within tier one companies or tier two companies, all type of companies. And in Tiktok, they ask you something very specific related to their product. For example, question number nine, how would you design Tiktok for an elder audience? Question number 10, how would you improve Tiktok? Question number 11, what's your favorite product and how would you improve it? When you answer the design and the favorite product questions, you need to use two different framework. For example, for what's your favorite product, you must dive deeper into different kind of customer segmentation. Before you talk about yourself, what's your favorite product? Because we represent one group of customer segmentation. And when you talk about why it's a favorite product, you must address specific pain point of view who represent this customer segmentation. You can see my sample answer right here where I use crypto product as an example to show you what the best answer you can say in an interview within two minutes. In terms of design questions, such as design Tiktok for elderly audience, this type of question is very critical for everybody to use the modified circles framework. Why do I emphasize on modified? Because most of candidates, they make the fatal mistakes. Whenever they go into any job interviews, they only talk about very small customer segmentation without seeming big scope of thinking. And the frequency makes this mistake to ask interviewer to pick the customer segmentation for you by asking who exactly you want to design it for? How old is elderly audience? Can you define this for me? And all those questions are wrong, clarifying questions to ask at the very beginning because you're literally making the scope of thinking much smaller. And there is the top 10 clarifying questions you should ask at the beginning of any product design interview questions. You should go to this website right here and download it so that you know what the right question to ask in any type of product design interview questions. And I use the modified circles framework to answer designer Uber app for people with disabilities. You should totally check out this free video right here where I gave you the demo of the end to end six steps process to break down any kind of comprehensive product design interview questions. The fourth type of interview question the Tiktok is product metrics and execution interview questions. For example, question 12, what's the success metrics of your current project? Question number 13, as a product manager at Tiktok, how would you know if this product is good or bad? Question number 14, how would you embed new technology to Tiktok live shopping? Regarding those product metrics interview questions, I highly recommend you guys to use my computer science PhD framework invented by me, Duncan and CD. So what this stands for is you must start with why and mission of this company and customer segmentation CS. And then PhD stands for prioritize metrics, which means your newer star metrics and product health metrics and the de-risk metrics. And all those metrics are very critical for you to give a very comprehensive answer to those metrics and define success and different kind of goals questions. I filmed a very in-depth training using example of design success metrics of Facebook event product in the free training right here. Make sure to watch this video and learn exactly how you apply the my computer science PhD framework. Question number 15, you are the PM for Tiktok's live shopping. The engagement of US audience dropped significantly in the past two months. What would you do? This type of interview question is actually extremely difficult because of problem solving. And this also the typical real life experience what you're facing at the Tiktok as well because the solving problems every single day. Now the best framework to solve this problem is CPTE framework. So C stands for customers, P stands for product, T stands for technology, E stands for external factors. You need to use those four elements to evaluate what could go wrong that leading to significant job within two months for Tiktok live engagement. I'm going to film a separate video. I give you a walkthrough of the live example of applying CPTE framework in upcoming video sequence. Make sure to subscribe to channel and you will be notified once a new video will be uploaded in near future. The fifth type of interview question on Tiktok is estimation questions. Question number 16, how would you estimate the user size of your past product? Question number 17, how many creators are there in Tiktok US? When you work on the estimation questions, it's very important you understand there are two ways to solve this estimation questions. One is top-down and the other one is bottom-up. Top-down means you estimate the total number of people, a percentage can be a creator and percentage of them could be on Tiktok and percentage of them is going to be active on Tiktok. So if from big all the way becomes smaller, that's top-down. Bottoms-ups approach means you have an equation where you calculate each individual element of things goes into Tiktok creators and you add them up into a total equation. That's like solving a math problem. I already gave you more examples regarding different kind of estimation questions and how would you solve them in this video right here. Make sure to check it out in-depth right here. The sixth type of interview question is part of strategy question. For example, question number 18, what's the new technology you're interested in and feel like it has a great future? Most people think this question is quite easy. Of course everyone is going to say AI and however you cannot just say AI you really need to connect AI with Tiktok or you can say VR. You need to connect VR into Tiktok's mission and audience. I invented a unique framework called Gucci framework where it has been currently used by even existing product managers in Tiktok and to answer any part of strategy interview questions and use it in real life strategy thinking as well. So Gucci's framework stands for goals and mission, unmet customer needs, customer segmentation, competition and integrated ecosystem. With this specific framework you will know what type of new technology is very trendy and how it's going to impact Tiktok and think about the entire marketplace and landscape and competitive environment. I broke down the Gucci framework in real-life case studies in this video right here. Make sure to check it out. I'm also going to link it in the description of this video as well. The last type of interview question at Tiktok is culture fit question. This is quite euthic for Tiktok. For example, question number 19, how would you handle stress? Question number 20, tell me your experience. You have multitask. These are more than just behavioral interview questions. You really need to understand why Tiktok asks you those interview questions because the real-life environment working for Tiktok is very stressful and frequently product managers in Tiktok are going to work on multiple important products at the same time, so they are multitasking at the same time. So during the interview, if you're able to show them examples of you working in a high-stress environment and still being able to deeper amazing results, you're able to learn amazing offers and also getting paid significantly higher than average industry salary and even higher than fan company salary as well. Now here comes a very important bonus tip. Tiktok is a Chinese-owned company. When you work for Tiktok, they frequently use Chinese plus English during the daily operations. But that doesn't mean that pure American-speaking people cannot work for Tiktok. In my last podcast, we had interviews that had a product at Tiktok and Kim, he's American, he's also Korean, he speaks zero Chinese at all, but he had a product at Tiktok. So Chinese language is not required. However, if for any reason during the interview, the hiring manager or recruiter speaks Chinese with you during the interview, you must be able to answer in Chinese as well. Lots of people answer Chinese questions in English that make them losing those job offers. So it's very critical you know what the company culture looks like. If you're preparing for any parliamentary interviews out there, I strongly recommend you to use the latest interview questions database to prepare for your upcoming interviews. And you should go to this website and download all the top 50 parliamentary interview questions database. And those database has been used by fan companies and non-fan companies for all the different kind of tech companies out there. I'm going to link it in the description of this video as well. And make sure to check out my some point answer to what your favorite product. There's a mass ask interview questions in all type of parliamentary interviews and out there.  This is Dr. Nancy Lee from PM Accelerator.io. Like and subscribe. I'm gonna see you in the next video right here.


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Everybody for a seer ripping two boxes of 2020 contenders optic football hobby for Chris M Good luck Chris 2020 contenders optic Base was golf blue Jared golf Rams Jared golf there 55 of 99 Chris Trevler rookie auto rookie ticket there Jacob Easton rookie ticket auto aqua, I believe 74 of 99 Jacob Easton winning tickets silver rookie Justin Herbert It's rookie insert and rookie ticket JK Dobbins That's pretty good John hoping for some heat here for you Chris. I will pull the one off the back rookie ticket Jerry Judy Russell Wilson, sorry. Yeah. Wow This is an interesting car right now This is very interesting Rookie ticket nebula Jordan love one of two. Oh Dude, I know who was holy cow. Oh my god That is something else right there good lord That's an interesting one. I'll say that That's a big card to begin with that could be a huge card.  How long we've had that in the back We're waiting to get pulled Jake from rookie ticket auto on card Glad that love was in that the autos are not great in this and a round numbers was acres in van Jefferson Autos were not great Chris, but dude congrats on that nebula Jordan love Cow man, that's so cool. We'll get that out to you


Welcome back to the AI for a good global summit in Geneva, and I'm now joined by really one of the key people participating in this whole week-long summit Her name is I always kept you care about this Annousheh Ansari CEO of the X-Prize Foundation You know crucial to the whole thing, but for people who maybe are a little unfamiliar. What is X-Prize? X-Prize is a non-profit organization that Basically launches grand competitions to address biggest challenges humanity faces because we believe that There's someone out there in the crowd that has the answer to these problems and by incentivizing them and creating these Competitions we bring them to the table. We shine a light on the issues and bring the crowd to solve it And I know there's a whole bunch of candidates here. I mean the top price is three million dollars. I think What kind of ideas are you looking for? What kind of creativity are you looking for? We have seven domains. So we have prizes in the energy, education, environment, health and longevity, mobility and transportation, civil society So we have prizes in all these categories. We have just awarded our global learning X-Prize, which was 15 million dollar That was a prize sponsored by Elon Musk Opening up the marketplace for open-based software that will teach kids reading, writing and arithmetic Without the help of the teacher. We have a ocean discovery which is about ocean mapping that will be awarding tomorrow And we have two active prizes around AI for good Which is the teams that are building and using AI solutions to address the SDGs As well as an avatar, ANA avatar X-Prize That is about creating robotics presence where you can fully engage in Being present and sense everything and do everything as if you were in another location But do it through an avatar. Indeed when you touched on SDGs. Is that why you've made the link with the UN here? Yes, we always look at large institution and how we can really transform the way they Use their resources to address, you know, big challenges. So ITU has a great presence and relationship amongst all nations and also amongst a lot of Corporate entities that are involved with technology So we felt in order to address AI for good engaging in a dialogue through their membership and through their engagement As a trusted entity, it would be a great place to have this very difficult conversation around AI You've been here a couple of years now What's your thoughts? I mean everything's about, you know, the good Of AI The positive side of AI because there's a lot of negative potentials. Are you optimistic more than a year ago or what? I am very optimistic. So when we started the first year, I think there were only 250 people that participated I think to 2,500 people registered today And I was at the last session, which was also running late half an hour But the room was packed people are engaged Everyone around the hallways talked about how this conference is very different because we're not just talking about Optimism we're talking about practical solutions And we are having a very difficult conversation about ethics about sharing of knowledge and data and business model and sustainability And it's a cross-section of public and private sector Government agencies and non-profit organizations all coming together to see how we can help Really bring the best power of AI in solving You know challenges related to scgs When you're wandering around the corridors off to your speeches, what are people asking you? So first, uh, I get a lot of people thanking me for working with itu and for XPRIZE bringing this conference together And allowing for the dialogues to take place and they're asking me about how they can help which is wonderful So that means that they're engaged and they're inspired to find solutions. So Creating dialogues we talked about at the last You know talk I did about we want this to be a do conference not a talk conference So I hope that out of the conversations we will have many projects that will take shape and take place So next year when we're back here, hopefully we can talk about what we've done and the accomplishment and the advancements we've made Great. Well, that's Dr. Ansari from the XPRIZE Foundation the CEO of that. Thank you very much for your time. My pleasure. Thank you


Hey, what's good y'all? It's your boy down from the down showing friends and we back for another k-pop reaction video Well, it's popping you already know what it is. So listen this time. We're gonna go with 17 I know it's been a minute y'all. Yeah, we're gonna do 17 choreography video ready to love. All right So we're gonna check this out. See how it goes and then let us know your thoughts Plus we not dirty by the way same clothes, you know new video absolutely not Smoked pretty good actually. Yeah, I smell great man. You know Sam smell great You know, yeah smell great man. All right, so good hygiene make sure you feel good about yourself, you know, absolutely man So we're gonna do this let us know your thoughts and Let's get it. Let's get it. All right. So yeah, it's going full screen. That's boom. All right in three Two one Wonder what they're gonna do with this one Shot to the floor. Oh, yeah Smooth that's the arm I like that. You can't get mad at this. This is really nice nasty Way to get to y'all Mark since real smooth and clean Hmm To me the baggy outfits always give it a more illusion Created that line work It makes the moves bigger. Oh my god. I'm sorry y'all Yo, y'all got to go back with us. Oh my god. Look at this. Look at this y'all. Let's go back for a minute Let's appreciate this. Yes. Let's go back. I want you to see what's again Let me see. All right, there we go. Let's check this out y'all Check this again Oh He slid up nice Shout out to the choreographer. Yo Shouts of the choreographer listen stop the video at 53 seconds right now Shouts of the choreographer who ever made this cuz Transitions the lines so smooth so clean especially where a lot of people like that That's hard They got hard and they had to work on that. Those are not simple Transitions are not the lines that that little ripple down and then me and him been on stage with 1215 people before yes, it's not easy It's not easy cuz somebody gonna bump somebody somebody gonna forget something special people different sizes like Good Now seriously You know, yeah, this is all shapes and sizes. Yes So like shout to the choreographer Anything smooth and the small things in the back. Everybody was turning their head. Mm-hmm But and that's why I say even before they split up. Yeah, even if that triggered them to slide up Mm-hmm hard. Yeah, the fashion behind with their how they ran it close building also another illusion So the visual of this even though this is a choreography video They're not they're paying attention to what they ran and it's causing illusions when you move that three-dimensional movement Instead of being flat it's more three-dimensional It seems like everybody that got on jackets are doing bigger movements. Absolutely people who don't have People who don't have jackets on is more so yeah smooth and sharp too. Yeah Okay, that's nice Yeah, look at that man. Like that's that's smooth details I love it detail Oh, I like that. Yeah, that was different. It's like a soul train line Now I'm supposed to Offstage. Yes, so you're not supposed to see them with the wrong camera. Yeah, okay So smooth that's nice Yo, that was this is really good This is really really good This is really from top to bottom like I didn't take a moment like the transition lines levels. Yeah I love the ground. The groundwork was my thing. I love the groundwork. Can't go wrong with the groundwork Yeah, you know, they're about to go somewhere crazy with this but like even you watch our last video NCT Really had a lot of like steps and quick feet This video the slide 17 coming with the slide and in and out and Shout out to the song ready to love because now if it is complicated movements, they're usually in the arms Yeah, you know, but I feel like the choreography really compromised the music. Yeah You this song is ready to love perfectly. So I like This is really good. This is really really good. Really really good. Cheese. Yeah, let's let's just finish this. Yeah, this is really good Go back go back, please go back Let's appreciate that. They they go back Look at this I think look look look watch it To the spot. Yes Right into the core.  Yes, man. Hey, oh my goodness Let's just say like 20 seconds to just Calm down a little bit My question is why why doesn't this video got like 100 million views Oh, I'm getting there It needs to it's gonna get there. It needs to I need everybody to go back and watch this video You go back and watch the video watch this video Did you just And then come back and comment tell us what you think this time this choreography was nasty. It's so good So i'm listening to the song too. So we're not even done with it. By the way, we're not This fence is so we can talk about how good it is nice Staying character.  What what more can you want? What do you want from there? That's kind of like what do you want from? That's kind of like maximus on gladiator Oh, good point. Are you not entertained?  Did you do we not cold cold blooded? Okay? Listen beautiful. This This Yeah, right Shout to 17 shout to the courier for shout to the camera man's Shout out to the studio Whoever their fashion designer is stylist that for is amazing whoever cleans the studio shout today But that for is amazing 100. Hey, whoever cleaned that studio shout out to you. I don't listen I see our next video. Make sure y'all share this thing. Yeah, go watch it again subscribe to this thing Yes, ring that bell. Do you subscribe to that thing? Yes That's that's all we got for y'all. Hey, we see y'all later. We appreciate y'all. We love y'all. Peace


Hi, I'm Jenny Chi and I am the author of the Poetry Collection Vocal Point. This book is about navigating grief as a young adult as I completed a PhD in cancer biology after my mother's death. These poems borrow from science, pop culture, and Chinese and Western mythology to explore what it means to be alive in the world, knowing that everything you love will be lost. I will be giving an author talk and reading at the Chinatown Himmar Gly Library branch on December 7th. In the meantime, if you'd like to pick up a copy of Vocal Point, you can check it out at the San Francisco Public Library or buy it at your local indie bookstore. Thanks so much and hope to see you there.


A lot of people ask the question, why is robotics hard? We see a lot of demonstrations of systems, we see any number of YouTube videos showing self-driving cars, flying drones, quadruped robots, doing surprisingly complicated things, and they wonder how far are we from just having general, all-purpose, arbitrary, artificial intelligence and robots that can do everything from act alongside a warfighter to clean our kitchen and pick up everybody's kids' clothes off the floor. And the reality is that we are still quite a long way from realizing the dream of general purpose, artificial intelligence, especially in the physical world. The evolution of the field during the lifetime of the CTA evolved rapidly. And part of the evolution is that initially 10, 20 years ago, we were just trying to make those pieces work at all. Now we have evolved to a point where we can do this pretty well, except to do this now, we require an infrastructure that is not sustainable. So the research has shifted from being able to do any of those individual things, to now being able to do those things which we know how to do in a way that is consistent with actual operations. The most challenging question is exactly this point on how can we get robots to learn from experience and to kind of interact with the world and try certain things and then use this knowledge to improve their behavior over time. As we're getting into robotics, autonomous systems, artificial intelligence, these are things where we don't even know how to define what the problem is. We essentially need to understand the space and learn about what a solution even looks like together. And we need to build the biggest base of people in order to get at that problem. An advantage for the U.S. Army to partner with academia is the opportunity for them to train the next generations of scientists and engineers that will be leading the development, the design, and also the operation of these new technologies. We have lots of leading institutions in robotics that are involved with us in RCTA in particular. We basically get world experts in robotics thinking about our problems and giving their perspective and offering solutions. And it gives us access to a large pool of people, you know, excited, passionate students that are, you know, willing to sit with us in the field at integration exercises and suffer through the challenges of getting robots to work in the real world. We need these really diverse groups of people to be able to solve these problems because there's a diverse set of problems that we need to solve. And one of the things that we get in a program like the Robotics CTA is we quite honestly get the best researchers and the best people for working on these problems across the country. Not all of these things have gotten to a stage where they're sufficiently mature that they could be considered to be a candidate to go to a fielded system, but we made progress in all those directions and that's only in perception. The University of Pennsylvania has been involved in multiple projects, both in manipulation and also in navigation. Throughout the project we have produced many basic research results in both the mobility and manipulation part, as well as the perception. You can actually draw a line of some research which we did here, like with the detection and tracking with laser scanners, that was then used in the DARPA Grand Challenge and out of that then came Google autonomous driving and so on. But you have to do that fundamental research and there's still so much more to do. I think we made some good progress on the project, especially in the context of manipulation and a robot picking up objects, predicting how to move objects in the world, but of course this is really just the beginning and it's a long-term research endeavor and there's still a lot of work to be done and we're still pretty far away from anything that is at the level of kind of human intuitive understanding. I always envisioned the next phase of this RCTA would be having a lot of different robots, maybe even physically different robots collaborate together. We need to make AI far more robust. We need to make machine learning much more robust. We need to make it operate with far less data. I am not satisfied with where we are right now and neither should any of us be. There is a north star of having these robots work with and around our war fighters and we're not there yet, but we have the momentum, we have the ramp to be able to get there.