In the last episode we shared a conversation I recently had with Jesse Encamp, aka the Karate Nerd. Now he reached out to me and we talked about our YouTube journeys and how we establish our channels. And in this episode, today, we're going to share our experiences and stepping outside the boundaries of our own arts and how we explore the expansive world of martial arts, both traditional and contemporary mixed martial arts. I have a question for you. So, with your brother, so you grew up pretty much doing a lot of traditional Karate training, correct? Yes. So, your brother is now in MMA. Is there a lot of overlapping and not clashing, but like, how do you guys view each other's arts? Like, how do you find that like middle ground to mix? Because you're doing a lot more videos together, which I think is fantastic. So, how is that dynamic working between you? Yeah, well, it's actually, it's interesting. Hmm. I think we learn a lot from each other and we also respect the fact that we both chose different paths. But we understand that there are differences and similarities. And once you have that mutual respect, then you can work together. But if, you know, when we were kids, we were always fighting. And we can't do that now because one will end up in the cemetery and one will be in the hospital or in jail, right? But what I love, because I love learning, right, is when I see Oliver doing MMA, I learn so much about karate because he's doing a lot of what I consider our practical applications of traditional karate techniques that have perhaps never been pressure tested until MMA became a thing, right? And I can then try to deconstruct those techniques and do them in thin air and suddenly it looks like a kata. So I've been doing many of those techniques without even knowing it since I was a kid, right? But he will also discover, yeah, this actually is that kata technique that we did as kids, right? And he didn't even know it because karate has perhaps, I don't know if it's ever been pressure tested in the way that an MMA fighter tests his skills on a daily basis. And sometimes I join him in his classes and just, you know, wash him, train or film him. And sometimes he helps me with karate classes or seminars. So we still share a lot of knowledge and techniques with each other. But obviously he's at a much higher level as a fighter than I will ever be. And I do my more nerdy karate, Kobudo, Okinawa stuff that he sometimes pretends to be interested in. But I can sense that he wants something else sometimes. But I think we get along pretty well, maybe because we had our battles when we were younger. So now, you know, we're more mature, but it's fun to see a different perspective. Because sometimes I want more of that rough kind of practical application and fighting stuff. And then I can get that. But then, and some days maybe he wants some of the more traditional aspects and then he can get that. Because it's a lot to be a professional fighter and just grinding and wrestling every day. It's tough. And so I think that we complement each other very well. So I wish everybody could have a training partner and a brother like that. That's amazing. And especially you're talking about pressure testing. You're not just pressure testing it in a competition, but now you're pressure testing it against pieces of other arts too.  So seeing that mixture together, I think it's fantastic.  I thought that was really, really interesting. Yeah, exactly. Yeah. And I mean, why not? You could do that. And in my recent video when I went to Thailand, I did a Thai boxing kata, for instance. I mean, it's just the concept of kata. I love it. Why not use it? So many people put down kata, but it's like, if you really look at it, there's so much value you can get out of it. I mean, people are like, oh, if you can't use it in the fight, it's so good. Well, I mean, there's ideas there and it's connective tissue.  And I actually ended up doing two steps of our kata. It just, it just happened like, oh, okay, the ideas are there. So it's like muscle memory. Exactly. So I just wish people would kind of have that open-minded and mindedness. And I think like channels like yours are really good to showing because you've got two distinct worlds right there. Because, you know, there's the MMA side, the traditional side, they always clash. But we see with you guys how well it can mesh and how much it's shared ideas. And I think that message is very, very important to put out there because there's just too much fighting on that. It's unnecessary. Yes. And it's funny you brought that up because right now I'm working on a video where we switch lives for one day.  And I think that's actually a very fun video and I'm sure you're going to enjoy that.  That language barrier comes into play and our people are coming from different styles. You know, what makes sense in your art might not make sense to them. So it's like, you're right, you got to keep that in mind. And that is something to go into the kind of, a lot of people don't realize that it's not just a one size fits all. Exactly. Especially if you've never ventured outside of your own style before, you might think that everybody does it the same way. But you know, even within the same style, you will have lots of variation. So it's kind of like if you grow up in a small town and you think the whole world is like your town, right? But once you start traveling and expanding your horizons, you will see that there are many ways of life. Just like there are many ways of the martial arts. A little bit of culture shock built into that if you're not prepared for it. Exactly. When I started doing the jiu-jitsu classes, it was such a culture shock for me because the stances are different. A lot of the concepts are different that kind of went against what I had previously learned. But there's so many times where we do a technique. I'm like, oh, we had this in Kempo. It was just called something else. And you start to see that overlap. And like, I love it when people leave comments like, oh, well, if Taekwondo was so good, how can we don't see it in MMA? It's like, well, how come you don't see it? It's there. Exactly. How come you don't see it? Yeah, why don't we see karate? It's there. If we know what to look for, you can see that there's, you know, common roots in there. And then there are artists out there. I mean, so many great knockouts are Taekwondo kicks. Yes. It's not just cage fighting. There's other disciplines. The whole thing is people are taking the best of what they've learned and they're making their own particular blend. And that's the artistry in it. And I think that's the fasting part of it. So yeah, so yeah, overall, I like the idea of, you know, let's take all these different arts for people and just get rid of the bait of which one's better and see, well, what's the best of all of them that you can combine? Like, what can you actually pull? What's this overlining? What's the benefit from each art that you can pull? Because every art has something good in it somewhere. Is there any specific martial art you think that I should explore next? What would be interesting to see me try? Well, from my perspective, have you tried Kemple? American Kemple? Right, right. So I experienced that sort of with Sensei Seth, but obviously I didn't take a real class. Yeah, we just compare them a little bit. But that would be interesting for sure. Which Kemple? Is the American Kemple? Is the American Kemple or is he of a different version? So there's this whole thing about, right, with one with the M and one with the N, right? Well, there's a lot of, yeah, well, that's the spelling, but there's a lot of schools because there's like Shaolin Kemple, there's Hawaiian Kemple, Chinese Kemple, Ed Parker, specifically American Kemple. They're all completely different curriculums. Well, honestly, the only Kemple I've practiced is actually in Okinawa, and he was called Okinawan Kemple. So I haven't really experienced the different American ones, but there seems to be a lot of... Yeah, there's a lot of flavors, and even within the American... There's a lot of politics and splits within the American system, so there's different ones. But Kemple's kind of hard. You got to find the right schools. There's a lot... I hate to say it, but there's a lot of McDojo's that are Kemple schools here in America. It's the same with Al Karate, I think. Yeah. And... But when you find the right Kemple school, because there's... Kemple's got this misconception to it. They're like...  The self-defense sequence, well, that's never going to work. They're never going to stand there. It's like, well, no, we don't expect them to stand there. But this is... Our techniques are almost kind of like mini katas.  You're not meant to copy and paste these... You wouldn't take a kata and do a whole sequence out in the street from self-defense, but you would take what you learned from it. Exactly. So it's an exercise. It teaches you something. Absolutely. Yeah. Here's the analogy I use. This is my favorite analogy. I use the martial arts like the language. And Kemple's a good way to look at if you're learning a brand new foreign language.  Those are the words. You learn how to pronounce the words correctly. You learn how to spell them. You learn how to use them. Then you've got your grammar, which are your principles, your rules. And then when you take your grammar and your vocabulary, you put them together, you start to learn how to make sentences. So with Kemple, you learn your basics, and then you learn your different principles.   If you're learning the language, they're a sample sentence. You're just seeing an example of how the grammar and vocabulary work together so that once you understand that, you can make your own sentences for a conversation for you to have later, a freestyle conversation. Yeah. And a lot of people think it's just, oh, well, those techniques won't work. What they do, if they're taught correctly, one, there's a lot of schools that don't teach it that way, which is very unfortunate, but I... My first instructor did that. He just taught us how to memorize it and go through it. We didn't really break it down. My second instructor showed me, he's like, first, slow down. He goes, you're doing a ton of hits. He goes, but do you even know what each hit is doing? And he broke it down. And every day we came in, he's like, okay, we're doing this technique this way now. He would change your curriculum constantly. What that did though was, I realized, okay, it's not set in stone. The ideas are the same. He's just changing the order. He's changing the application. Oh, he's bringing MMA into the mix. So now we're going from this technique that used to have 20 sequences. It's got two in the goes through double leg takedowns. So he actually kind of showed me how you break it apart like a Lego set and you can rebuild the bricks together to build something that you need based on what you want and how you know how pieces fit. That reminds me. That's the analogy I like. I like that because actually when I practiced Okinawan Kempo, when I was in Okinawa, the teacher told me that there are three ways of doing a technique. So he said, there is the way that you've been taught. That was the first way. And then there is the second way, which is the way that you do it for yourself based on your own mindset, body type and preference. And then there's the third way, which is the way you teach it. And they're not always necessarily the exact same. So there's a process, there's an evolution always in the technical aspects. So I like that idea at least. So there's not just one that fits all. And I think what you're saying to you to play off that, I think it fits itself because once you teach it in a way, you start to learn it differently and you start to practice it differently. Yeah, exactly. Because I worked with kids for quite a few years teaching kids classes and sometimes taking a technique and breaking it down to the simplest level. There were so many times that I explained it to them. I go, oh, I never noticed that before. So it kind of like enlightened me. I got these little light bulb moments. And of course, when I go back in practice, I now put in those new ideas in. So I think that's just kind of a self-feeding cycle, which helps us improve. Exactly. And that's what teaching is so important. It's like, it's definitely after practicing, it's the second best way to learn something. You just teach somebody else.  Just teach it for yourself because you want to discover more and learn more and understand more about this technique. But a lot of people don't like that idea because they don't feel confident enough to teach. But yeah. I taught mainly kids and I had an interesting experience again right before the pandemic happened. I was invited to teach at a campus seminar and a good friend of mine was running seminar. I'm like, sure, that'd be great.  I mean, I taught a couple of adult classes here and there, but they were years ago. You know, I'm still getting back into professional my own material. With the kids program, you know, we don't do the whole adult curriculum.  So I knew that stuff real well. And I realized the seminar, they were all black belts. Not just first three black belts, second, third, fourth, fifth. I'm like, what am I going to teach them? You know, like, and like you say, I'm kind of nervous. I'm like, this is not a basic class. I have to come up with something that's not just rudimentary that they already know. But I got to have, I have to give them something fresh. So what I ended up doing was, you know, I've been training judo and then jujitsu for a couple of years. I'm like, why don't I, why don't I do a class based on my observations of how you can mix them. So I took a lot of the jujitsu moves and showed them how to transition from our Keppel techniques using the jujitsu moves, the locks and the submissions and changing. And they seem to get a kick out of that. But that was a really interesting experience for me because I had that overwhelming sense of like, oh, am I qualified to do this? You know, do I have the knowledge for them? But I'm like, I don't want to teach at them. But let's find, let's find something fun to explore. And it worked out well and I had a great time with that. But it's like, you're right.  Like what do you think would be interesting to see? I'm always trying to search for new topics or ideas. That's a good question. I like what you're doing right now. Um, yeah, no, like how you're going to get North Carolina actually where your sense moved. And really something with, uh, I filmed with, um, you know, I see Mike. Yes. Yes. I filmed with him and Sensei Seth and Wonder Boy and all of them were kind of in the same area. So yeah, those seem to do pretty well when I travel around and meet people. Yeah. That seems to, because that's actually something we were getting ready to put together a series of videos right before the pandemic hit. We were going to be like, oh, let's do a day in the life of and like go to like, because we're in an area, um, I'm in South Florida. So there's Miami, there's Palm Beach. We have a lot of different martial arts around us. I mean, you can find different Chinese schools, Korean schools. I mean, there's, there's BJJ, there's a whole mix. So like, why don't we do topics where we go visit? Like, let's take one class in the school, one class in that school and kind of do like a day in the life of and we were just setting that up and in the pandemic hit and all the schools shut down. We're like, all right, we're putting that on the back burner. Yeah. But I like what you've done.  Oh, the most recent one. You mean? Yeah. When I went to Thailand. I like the idea. Yeah. And I think students stuff like that. I find that very intriguing when you step outside your box, you're like, Oh, let me go try this. And then you work with them and spar them. I love to see that, that I don't want to say clash because it's not a clash, but you're taking two different worlds, putting them together. But I think it's great for the audience to see not only the similarities, but then the differences between the arts, but there's, you know, people don't realize there's a lot of overlap and sometimes you have to mix stuff like that to see it overlap. And people are like, okay, well, maybe, you know, martial arts are more in common because there's too much out there of which art is better. Yeah. And I hate that debate because it's like, well, yeah, there's so many different shared roots. But the thing is you always have to frame it like which martial art is the best. Let's compare Aikido versus karate or something like that, right? Of course. So on the surface, it looks like it's a conflict, but once you look under the surface, you realize, oh, they actually have more in common than I thought because after all, we all have the same tool to work with the human body, right? You know, the arm only bends this much, like there are only so many ways you can attack somebody with a joint lock, for instance, like that's why I always want to see karate or all martial arts like the mountain, right? And there are many paths that lead to the top. So meaning many different arts and when you stand at the bottom of the mountain, they look so different, right? Because they're so far apart, but obviously they converge at the top and essentially, you know, a master in one martial art will instantly recognize a master in another martial art because they're essentially the same because you move from technique to principle and principles are universal. That's why there are principles, right? So that's the way I like to view it. And and of course, there's also the whole idea behind cross training that sometimes you have to climb the mountain next to yours to see your own mountain better because it gives you perspective. So these are the kind of the metaphors that I love to use when talking about these things. Such an incredible way to see the journey. And I think it's important that we take multiple perspectives into account if we want to grow as martial artists. Now, I'd like to extend an extreme thank you to Jesse Sensei for his effort and time in this discussion. And if you guys haven't already, please be sure to check out and visit and subscribe to his channel and you can find a link to that in the description down below. There's a wealth of information over there. I'm sure you'll all enjoy it. Thank you so much for watching.


What's up everyone? It's your girl Kinsey here from Layton Sports Cards, and I'm ripping a personal for Luke S We've got a 2021 SP upper deck authentic golf hobby All right, best of luck here Luke See we can get you So Mike I'm doing good Officially in the third trimester today 28 weeks today That's exciting Try my best here bomb as I knock all these over Tell I haven't ripped anything tonight Pull all the crazy cards tonight cool. I like the relics in here. There's like sands. All right, we've got out of 99 How about a Danielle King? 36 of 99 It is Mike I feel like it was like yesterday, you know that I was only four weeks But then like it goes by so fast, but it also feels like so slow got rookies of whole guard Authentic moments Malinari and Kisner star rookies Maverick McNeely Swaffer Jack Nicholas Joy Cheyenne Woods Beckman and Arnold Palmer a little tiger homes Dumper Duffner, sorry 32 weeks y'all are almost there, too, huh? When when do you say you guys are due again Nancy Lopez authentic moments? I guess what eight weeks two months so September 17 just some Thomas and Molina reauthentic moments So I'm stem McNeely homes layman authentic moments of Paula creamer Russell So So looking for another hit points Tiger Woods and Justin Thomas authentic moments and crane Paula creamer We've got Luke list on the spectrum rookies Nice looking card there Stenson you guys are having a boy right Mike? We've got a Nick Taylor rookie Otto out of 799 Nice both autos are numbered there. There you go Luke of 799 Blair O'Neill Jack Nicholas on the authentic moments in from 62 Oh You're having a girl, okay, so you already have a son got it. No, we've got rookies of Danielle Kang Justin Thomas That's awesome So to under the age of three, huh? authentic moments of Duffner Mark Wilson No Tally and Blair O'Neill all right Luke that'll do for your box congrats on your hits things as always for off And then we do appreciate you and we'll get these right out to you


Hello and welcome to the session titled Risk Reset. My name is Lutfe Siddiqui. I'm a visiting professor at the London School of Economics, LSE Ideas, and an adjunct professor at the Risk Management Institute in Singapore. So risk reset. Let me try and win the award for the most understated statement of the year. Let's just say that this year has taught us some important lessons in risk management and risk resilience. How do we frame risk versus uncertainty? How do we distinguish between risk that arrives as one impactful shock versus risk that builds up incrementally in a series of small disturbances sometimes amplified by my actions and your reactions and the feedback loop between them? How about the psychology of risk or the politics of risk? Why is it that it seems to be the case that it's easier to raise money for, to put it crudely, it's easier to raise money for coffins than it is for medicine? Why is that the case? How do we justify allocating resources or spending money to protect ourselves, our companies, our communities against risks which may not materialize in the end, especially when the pressure is on all of us to be super efficient? How do we deal with black swans, the truly unknown unknowns versus the grey rhinos, the risks that are visible but not compelling enough for us to do anything until perhaps it's too late? How does this all look from the perspective of government or the perspective of a global technology services company or a provider of insurance whose job it is to put a price on risk? So that's what we will be talking about and before I go to our distinguished panel to ask them for their perspectives, let's get warmed up a bit. Let's try and get you the audience involved straight away with a question that you can vote on. Could we have the question please? This is on Slido. If you haven't joined a session earlier today, you have to go to slido.com. The hashtag is S-D-I-S or the QR code. Please answer this question. So looking ahead into the future, what risk is the world most unprepared for? Least prepared for? Climate risk, 53%. Still moving around. Let's give it a few more seconds. And what we will do is at the end of the session, we'll come back to the poll again and see if the needle has moved. So I see that climate is still leading, although rupture in social cohesion is creeping up now to 28%. So it's really climate versus social and cyber is creeping up, but it's gone back down again. Okay, let's give it 10 seconds and we will close the poll in 10 seconds from now. Could we close the poll now please? Thank you very much. So it looks like climate is still the undisputed heavyweight champion of the world and the second place was between social cohesion and cyber creeping in towards the end. So allow me to go to our first panelist, Her Excellency Dr. Rania Almashat, Minister for International Cooperation in the Government of Egypt. Over to you Dr. Rania. Well, thank you very much, Professor Siddiqui. And let me say that the introduction you provided really sets the tone for what everybody's thinking about. I mean, what we have learned from this crisis is that there's a next new normal. And what I mean here and I'm very happy with the poll that started at the beginning. There is, we are all prone for another crisis. It may not be a pandemic. It might be a cyber attack. We were very lucky this time that we were able to function with our internet's working and our technology being a very key tool in getting through this environmental or climate crisis is another one. And this again puts the honest on more than one player in any society. If I'm talking about the governments, governments have for very long been bearing the brunt of what is known as the protection gap. And that is coming in to help mitigate the impact on vulnerable groups that has happened through public finances and public finances have in many instances been affected negatively. And it takes so much time and reform to fill in the coffers again. We saw 2008 and how much I'm now I'm talking as a monetary economist and an ex-Central Bank and IMF. And here you see the cost of fiscal spending and how much it affects debts. And we see the debt rates that are globally now on the rise. The other very important point is that we have all been affected by disruptions and supply chains. And that means that corporates and businesses, the word resilience is one that requires to always be within the DNA of a corporate and therefore asset managers need to make sure that there is enough investment in what creates resilience for a corporate. This is not to be belittled or overshadowed in any way. Something else when we talk about insurers and so forth, how do we make sure that we also have sustainable models for corporates, sustainable models for businesses and putting all of this together, stakeholder capitalism, meaning that the government, the private sector really have to have one language, an identified language that takes risk into account. It's no longer a department within a corporate or a department within a government institution. It really has to be within our psyche. And this is what has been labeled as societal risk compact. We need to have a new societal risk compact where companies, governments, regulators, the risk advisors all come together to really define what are the steps that need to be taken to make sure that we do have resilience all the time, because resilience is what will make us stay relevant. If we don't have that within what we do as a government, what corporates do, we are going to be prone to face more issues down the road. The other very important lesson that we've learned is that and I'm here, I'm talking from a government perspective, reform is a continuous process. In our case, as Egypt, we were able to withstand the socioeconomic implications from COVID because there were a lot of reforms that happened between 2016 and 2019. So there was enough foreign exchange buffers on the fiscal side. There was a primary surplus, so you were able to come in quickly and try and mitigate some of the health requirements, as well as the cash transfers and the social safety nets. But again, if more crises were to happen, which are not country specific, but now more global and all of us get affected, that requires, again, a very agile way of thinking. Let me conclude by saying, through the World Economic Forum, we have a regional action group for the Middle East, and in that regional action group, a group of my colleagues from policy making institutions and governments in the region, as well as CEOs from the private sector have put together a stakeholder capitalism agenda, where we look at, one of them has to do with risk governance, more inclusion within the society, making sure that there is that environmental stewardship, and also a focus on the use of technology to mitigate risks by depending on the goods of the fourth industrial revolution. Let me conclude there. Thank you very much, Dr. Aranya. It can't be easy being a proponent of international cooperation at a time when the world seems to be pulling back into de-globalization, more nationalism, more protectionism, truly applaud you for that. From stakeholder capitalism to a captain of capitalism, let me invite Mr. Chandraprakash, C.P. Gurunani, Chief Executive Officer of Tech Mahindra, to give us your views, please. Thank you, Minister, and thank you, Professor Siddiqui, for a brilliant reset. I'm a little surprised that, as you call me the capitalist, I'm a little concerned that none of us have taken an economic recession as one of the big factors. We have all seen governments in debt. We have all seen how trillions of dollars have been committed to revival of economy. We have taken into account that the social unrest is bound to increase because of the increase in unemployment. To some extent, the reality is during the pandemic, last six months, 50% of new adopters have come into the digital world. But at the same time, there are people who cannot adopt, at least bigger countries like Egypt or India. I mean, we do know that we have the last mile problem. Whether the last mile problem is telecom reaching the last person or the last mile is because a smartphone which will make the connected world, connected education, connected health, or a connected citizen services or connected government happen, there is still a huge gap. But anyway, let's go through some of the responses that the corporate sector has in a way worked with World Economic Forum to respond to the challenges. Climate change, we all discussed. Companies like Tech Mahendra have committed that 50% of our energy consumption would be by renewable energy. We have agreed with our board that we will become carbon neutral by 2030. We have taken very aggressive science-based target. And why am I repeating this part is Professor Siddiqui only to say that if corporates can lead by example, and if they are able to partner with the policy makers and the corporate, then we have a right to make that loud statement that we are equal partners in the progress of the community or the society or the country. Clearly, when you look at some of these sustainability objectives, you need to take into account that there are disclosures. And if we can all agree to a certain level of disclosures, to me, whether it is a format or a framework designed by World Economic Forum, or today what we follow Dow Jones Sustainability Index or a carbon disclosure project, I think we need to have a common standard across the world. Secondly, I do still believe that science is a bigger equalizer. The social gap or the digital divide, I think we need to take into account that the cost of providing technology has reduced dramatically. And I'm sure minister would agree as a policy maker is that if today we did not have an AI tools, we would not be in a race for vaccine. I mean, today every country is claiming that they have their own solutions. Or at least the sum of the advanced countries like UK, US or Switzerland probably are in a better shape. But in less than a year for a pandemic, if we are going to get into the third phase or the fourth phase of trials, we have to recognize it is the technology which is the equalizer. And technology also creates its own issues. Like for example, the survey coming back and saying global cyber attack. The fact is, in my opinion, it is going to be the higher priority because we are so technology dependent, we are so data dependent, the number of devices which are now in excess to the network, every bulb or every Fitbit or whatever that device that we all wear, the so-called health monitoring device or steps monitoring device is a gateway to a cyber attack. So I think the reset also requires a resolutioning. And my again opinion is that technology is the bridge between the policymaker, between the citizen and between the corporates so that we can all agree to a common agenda, common minimum agenda, and how we can address some of the world challenges. In my opinion, we are unprepared for whether it is the next pandemic or whether it is the next safety issue or it is the next security issue or the sustainability issues or the societal issues. Thank you very much. We'll come to a bit more detail on some of these issues that you've just brought up, CP. So digital, both empowering and also perhaps a source of new risks. Let me turn to the group chief risk officer of Zurich Insurance, Peter Gieger. Peter, over to you sir. Thank you. Look, I'm not even sure I call COVID a gray rhino because all I hear is that those are really rare and pandemic are something that is kind of notorious to humans. They have happened in the past and they will happen in the future again. What is amazing is that kind of humans were surprised by a risk that was waiting to materialize and the writing was all over the wall. I'd go one step further. I'd say we were actually probably less prepared in many instances than we would have been 10, 20 years ago because the optimization of production processes, the highly tactical short term optimization has taken out redundancy and slack. And I'll take European hospitals. How can it happen that they don't have a stock of personal protection equipment and are surprised that they're just in time supply chain actually breaks? And I think that's what we need to learn. We need to learn that redundancy creates resilience and that the systems need to allow for the unexpected and the nature of the unexpected is that we don't know it. Now, I wouldn't put COVID into that again because that was actually very foreseeable and it's kind of frightening if something really unexpected happened. I think part of the issue is that humans have a very short term memory. We're very good in forgetting the threats of the past and I think we're conditioned like that because it's good for our mental well being. If we were to worry constantly about all the things that can happen to the world and to us, we wouldn't get out of bed in the morning and I'm talking as a risk manager. I think you need to be an optimist and we are conditioned like that. The point is when it comes to risk management, we have to get over that human conditioning. We have to learn to deal with rare events. We have to learn with life-threatening events and I think if we take that away from the crisis, I think that's a positive. If we're not walking away now talking only about COVID because the next threat is going to be completely different. So let's prepare for what we don't have on the agenda as challenging as that sounds. What role can insurance play? We heard a lot about that. We praise ourselves as experts in risk management and at the same time you heard all the stories that insurers couldn't pay for the pandemic and let me illustrate that. There is a saying that insurance is the principle where the many pay for the few. The pandemic created a situation where the many needed to be paid and obviously the capacity of the insurance market is just not big enough. Switzerland alone created an economic loss the size of the global insurance market capacity just to give you an example. So Switzerland could have been insured but nobody else. That can't be the right answer. And again as a risk manager I would suggest that we need to invest more in mitigation and it's like in flood resilience it's much cheaper to build a dam than to clean up the flood damage not only financially but also from a human cost perspective. And I think for me that's the big learning here. The cost is actually not bearable to society if we let the risks run and materialize. We have to invest in mitigation. Mitigation is so much cheaper from every angle and how do we convince kind of society to make these investments when the house is not burning because once it's on fire it's too late. Thank you Peter. So quite a few issues. Maybe I'll start with you in the follow-up round. We're also getting questions coming to us through Slido which is then being put on WhatsApp and sent to me. So I apologize for looking rude and I'm looking into my phone. It's not Facebook I can assure you. So the question I have for you is I agree that you need to invest in mitigation up front and I don't think anyone is going to argue with that. The political economy question is not so much what needs to be done. Why is it that what needs to be done does not get done? Presumably because leaving things redundant has a cost of carry attached to that. How do we square that circle? How do we make it economically viable? Look economically viable it's a matter of the perspective you take because if you're taking a steady, stable environment assumption and ignore the risks you come to different conclusion that it's at the core of the sustainability question. What is a sustainable system? What is a sustainable company? What is a sustainable country? Is it sustainable? If you look at it in a steady environment for the next 360 days, I'd challenge that. Sustainability to me means that you're able to cope with changing environment that you're able to cope with threats that your environment necessarily poses on you and that sustainability is something that I think we have lost sight of and I think we need to go back to it and then the economically viable takes into account things that can happen and basically accounts for it. You can monetize it, yes you can but I don't think everything is being expressed in money when we talk about flood damage. The human tragedy, what's the value of that? Avoiding that is a value in itself so it's not only about financials but from a government perspective it's really kind of do you govern for the next election or for the next generation and I think that's the challenge in front of us and climate change is the classic example. You're not really likely potentially for the right measures but you may save the planet. Minister Runia, if I may come to you, all three of you have mentioned the need for greater cooperation whether that's within the country, across sectors, corporates, private public partnership or internationally between countries and I'm thinking of you mentioned the financial crisis. I'm thinking of the 2009 Gordon Brown G20 meeting Jan 2009 where they came together in London and we felt that that had a really stabilizing effect because it was a unified global response. It's hard to imagine something like that in the current geopolitical environment. How do we deal with that problem? I mean of course 2009 and 2008 were made easier by the, sorry about that, they were made easier by that multilateralism and fast global response. We're not seeing that as much as we did before. Nonetheless for all the reasons that were mentioned there is no escape from it and I believe that now there are new terms coming out but they aim for the same thing. If we're talking about the great reset, if we're talking about stakeholder capitalism, it's just another way to say that there has to be a multilateral setting and the actors within the multilateral setting go beyond governments and that is I think the essence of what this crisis has shown and I do agree with Peter that humans are myopic, they forget but the implications from COVID are going to be lasting longer than any of us expect and that is going to push all of us to collaborate whether we like it or not because nobody has the silver lining themselves, sorry the silver bullet themselves. It is really a coordinated effort that can provide a meaningful outcome for different populations. For instance also Mr. Shander when you mentioned the importance of digitalization and how the digital divide can actually lead to more societal problems and these societal problems in one country will also have implications on other countries so there is that need to make sure that the objectives are identified and this whole concept of SDGs and we're in this forum this week, the UN week, the SDGs are the goals where countries have come in and said this is the common denominator where we need to work on objectives that affect humans and citizens whether it's health, whether it's gender, whether it's clean water, the 17 SDGs really push towards a better life and that requires the mitigation of risk that was mentioned. In our case and I call it as Minister of International Cooperation my role is to promote economic diplomacy and economic diplomacy requires multi-stakeholder collaboration. When we work with line ministries and development partners to design an ODA project or a development project, everybody needs to be around the table, the civil societies there, our development partners there, it could be bilateral, it could be multilateral and really it is through that economic diplomacy that we're trying to push more engagement and let me just conclude by one thing, because we tend to forget and because we tend to forget crises we also tend to forget successes and what is very important is that when people work together and a good story comes out we have to keep on pushing that good story so that it is you know everyone wants to see success and be part of it and that's why within the ministry we started a global partnerships narrative where we collate the effort that we are doing with our development partners whether multilateral or bilateral under one theme and concept that we're trying to push domestically and globally and that is people and projects and purpose so that's another way to push for a good story. That's a great idea to celebrate successes and advertise them so that we update our self-beliefs and what's possible and what's best practice. CP, so if I could come to you now, stakeholder capitalism I confess that as recently as January this year when that was the theme of Davos there was some skepticism as to whether it's rhetoric words only or whether companies are sincere and serious about implementing stakeholder capitalism or not. Eight months on it now looks like that for a variety of reasons including for the enlightened self-interest the commercial interest of companies it is now something that has a lot of momentum going but you also hear from companies that look we are in the middle of a crisis right now we are on the cusp of a recession the economic strains on our financials and our balance sheet is going to be tremendous can we talk about all of these things next year let's deal with the immediate here and now ESG sustainability all of this is for another day how do you respond to the pressure of of that sort of a thought process. I think again Professor Siddiqui you know just to rephrase what the minister had to say it is not about celebrating success but it is about I am rephrasing it as remaining positive and remaining purpose driven because the fact is that there would be speed breakers there would be reasons why there would be setbacks question is whether we want to talk about the comebacks instead of the setbacks now to me again you know whether it is sustainability or whether it is any other initiative ultimately we have to put it in a weighing scale and say is it corporate social responsibility or is it what is a necessity the reality is that all those initiatives have been rewarded by the stock exchange if you are a more sustainable corporation if you are a company which uses green marshals if you are a good citizen to the community that market has always rewarded you if you are seen as short term I mean the market has discounted you now whether you call it as a P multiple or whether you call it a measurement of a market capitalization similarly I again want to reuse the same sentence that I used in the past that if you look at all your response systems the reality is you know Peter is right that when it comes to all of us know what the inevitable is but we will postpone it to the last minute right I mean human nature but ultimately if we all try and put all the pieces together all the the risk reset things that you discussed whether it was economic recession or whether it was the cyber security and most of the guys voted for climate now it just tells you that let us take some of these as given and there will be stresses because the social unrest is going to come because of either healthcare employment or education or you know the way we need to address even the unforeseen issues the if you go back and look at the way the last six seven months have passed it is a technology which is enabled everything then the house has worked that is why we don't have unrest on the roads right everything in the house includes communication media entertainment whether you call them Netflix or you call them whatever everything in the house has worked because somebody is delivering the stuff to you and everything is in a way got actually accelerated during this period online shopping robot deliveries digital and contract less payments in my industry 125,000 employees for tech Mahendra 92% work from home it couldn't have worked if I was not creating a cyber secure environment if I couldn't do virtual meetings seamlessly so I can again repeat is it is not capitalism it is I think becoming socially responsible and leveraging the tools that each one of us has more effectively to solve some of the immediate issues great thank you let me now turn to the questions that are coming from the audience and I will throw in a couple of mine as well I will read out a few questions and you can raise your hands if there are some that you wish to answer yourselves one question is about the fiscal load of the immediate relief that has been offered by various countries the minister mentioned that a country like Egypt or Singapore that have had buffers they were able to deploy but at some point the assistance provided has to hit some balance sheet somewhere so how do you deal with the potential fiscal challenge that is waiting in the wings there's a question that asks why is it still the case why is it the case that if investing in time and resources in prevention and risk mitigation is indeed a positive return on investment then why is it that more business leaders and policymakers haven't done that so far there is it's up on the screen there's a question and we're trying to solve all problems with money how do we deal with topics that cannot be turned back on that go beyond the tipping point I assume this is to do with the climate issue and I want to read all of them up just one more to do with methodology so perhaps for Peter is there fundamentally a different framework a modeling exercise that we will now undertake going forward and how risk is predicted and framed and priced to how it used to be done in the past so that's the marketplace who would like to answer which one let me start with the first one because it's it's actually an easy one humans have a huge sentiment to knowing the future and in insurance and other industries we invest tons of money in now we call them predictive models we call them artificial intelligence we call them all kinds of things to tell us the future the trick is the future is unknown and you cannot know what is unknown and I'd be I'd be very satisfied if we just recognized known probabilities better I don't think we'll ever know the future what life would that be by the way if we all knew our destiny but but we can do a much better job in recognizing visible probabilities i.e. a pandemic is quite likely event I mean that's not a one in a hundred years that's a much more likely event why why does it come that we ignore something like that so I don't think it's a modeling problem it's a perception issue beyond that with insurance invest in in better pricing absolutely will it will it solve the insurability of pandemics not at all so I don't think the answer is necessarily embedded modeling this is there is much more philosophy than algorithm in the problem maybe on on the fiscal question what I can say is you know one of the outcomes of this pandemic is that everybody is going to be in higher debt whether that's the household whether that's the private sector whether that's the government and there will be a moment where we will have to have a dividing line and see how can we really assess that debt situation of course there's a lot of quantitative easing that is happening and and you know that will have its effects and as cp was mentioning it makes itself on on on wall street as well but but that is a that is a reality that restructuring will come into play there will be many companies that are going to work on that restructuring for for for different agents in in in an economy so that is definitely one of the fallouts of of this situation I think I think the the important issue is in reinvestment because there will be debt restructuring but we want to invest in order to of course we don't know the future but as much as possible mitigate possible risks or do investments better in technology better in AI better to to give incentives for companies for the esg and and so forth and there's this point about profit and purpose there is there shouldn't be this trade off and I think that's what was mentioned that companies are able to get returns by being responsible and and citizens customers are really voting now by their feet buying a product for a company that is responsible and it's and governments are going to have to face a situation where it's going to be a very competitive landscape and unless you have a proper environmental policy unless you have proper incentives for doing good uh you know companies might be hesitant for the first time today we see uh stress tests for banks taking into account climate uh and investments by banks into uh uh a climatically sound project so it's I think I think as as was mentioned uh models aside there is a philosophy which is coming out and you asked a very important question why do people pay more for coffins uh rather than uh otherwise and I think it's the point of sympathy and empathy and as this crisis is creating more inequality more divide uh the you know people will want to and will call for bigger investments in things which uh help governments corporates and themselves avoid risks going forward thank you if you would like to take any if I just would like to add just a few sentences uh number one you know I I belong to India and in a state called Rajasthan which was a lot of small kingdoms and even when they had an economic challenge because of the drought because of the floods the only way to actually come out of a crisis was spend your way through because otherwise the unemployment otherwise so if you look at the most beautiful palaces of Rajasthan they've always been built during a crisis some of the road networks have been built during the crisis so I think we need to spend our way we need to take into account whatever balancing factors whether it is air pollution or whether it is cyber security we need to balance all of that but I don't think there is a there is a way any other way but to spend your way through thank you one more question here about the apparent conflict or the opposing trends of increased digitalization on the one hand and also increased digital decoupling on the other side of the fragmentation potentially between a china sphere and the us sphere I think it's a question for you cp how do you deal with this tension between the two I mean I do agree that there is a digital fragmentation I agree that while digital technology has brought a huge economic and societal benefits to much of the global population but unequal access lack of global technology governance a lack of what I would call the frameworks to be able to pay for the people who do not have the same level of exposure I mean I thought the government's were very good at doing that job that Peter can pay for the poll somehow when it comes to the telecom or the digital fragmentation we haven't done a great job I think the new technologies that are now coming in particularly the space technologies because of the way they are structured that through the low orbits of satellites I think this problem will be behind us by 2030 and till then I mean we still have 10 years to go I would urge the government to work with the private sectors and it is not that people have not tried different projects Google tried this balloon project Facebook tried this electric poles project because they were all trying to get new consumers but don't treat them badly because they're trying to get new consumers because they're helping the government objective also of like a river water needs to be made available to every citizen I think the digital bridge needs to be made available to every citizen and we we do have methods to do it right right thank you very much we're coming to the end of our time I'd really like us to do that poll one more time so if we could get Slido back up please at the start of the session climate change had 42 percent and the second place was a tie between social cohesion and cyber at 28 percent each so let's see what the poll looks like right now climate change has been resolved in the last 45 minutes oh it's coming back up again I think Dr Rania has really brought the economic aspect to the fore cyber attack remains at 27 so fairly static and social cohesion going back up again okay let's I think we can freeze the frame over here I guess it looks like apart from the next pandemic which I suppose we're feeling very confident about our ability to deal with it because hopefully it's a we've had plenty of rehearsals unfortunately this year but it looks like the other risks are fairly dispersed so it could come from anywhere and we're ending the session today with the risk of a rupture in social cohesion as the most important risk that the world is unprepared for going forward so it's it's not a very happy note to end on but I must say that I'm uh we've had an energetic and a positive session so I'm really grateful to our distinguished speakers uh Peter Giger, Chandra Prakash, Minister Rania thank you very much for your time and thank you to all of you in the audience for being with us and with that we bring this event to a conclusion thank you very much


What's up everyone? My name is Alex. I'm one of the co-founders of MyInvestingClub.com. If you are brand new to trading or are curious about trading at all, I want to let you guys know about a free two-hour mentorship course that I put together with my mentor, Bao. It is available at MyInvestingClub.co. The link is going to be right here. This is a free webinar with limited seating every week, so please click on the link and reserve your spot before the time runs out. Also, a special bonus for all of our viewers on YouTube. So if you guys have any questions about MIC or you're curious about joining or you don't know if MIC is the right fit for you, you can now text Tosh, who is one of our head mentors and head moderators at MIC, and he'll answer any questions you have about MIC. His phone number will be in the link in the description. It'll also be right here. Thank you guys for watching and enjoy the video. What's up guys? It's Harry Haas, and today we're going to be talking about a pattern that has been happening quite frequently over the last three or four months, and it's the VWAP reclaim pattern. This has always been kind of going on, but there's certain stocks that you can actually have a better edge on than other ones. So I'm going to get into that before I start. I'm not a licensed financial advisor. This is purely for entertainment purposes, and yeah, that's about it. So with this pattern, I'm looking for the stock to either use VWAP as support on the way up, or I like to see the stock starting to base underneath VWAP. VWAP is aligned for me. The lower the float, the better. I'm going to get into a little bit more of those topics later. I'm not looking to buy into strength, and this is a pattern for your toolbox that we won't necessarily see every day, but it's a pattern that when you do see it, I know on BLNP, me and Aloha kind of started to recognize this pattern before it happened, and we ended up catching a decent move on it. So it's a pattern that you kind of anticipate and you kind of watch for, but you're not necessarily going out and looking for it every day. So what I find works best for these types of zombie moves are stocks that are easy to borrow, they have SSR on, they're low float, they have high volume, the float has been rotated multiple times, it's above VWAP or it's reclaiming VWAP, and they're all day one stocks. The ideal time frame that I'm looking for is usually between 9.45 and 10.45, and ideally the stock dips kind of out of the open. Usually you get like a pop with a lot of people buying this stuff right away, but ideally the stock kind of pops and then dips and we'll go over diagrams and we'll go over charts in a little bit, but you know, ideally it dips, it starts to fade, but it isn't dead. Keep in mind the amount of volume being done, because if you have, you know, and we're going to keep getting into this, but if the float has already been rotated a couple of times before it starts to zombie, you know, that's something key that I'm looking for. And also I don't love it if the volume dries up and it's just kind of fading. And what I mean by that is if it goes a couple minutes without even a single print on the tape or, you know, the volume has just dried up completely and it's just kind of getting illiquid and no one's really buying it or selling it and it's just kind of fading. I don't really like that action. And another thing I'm going to keep in mind for you guys is use the lines. So just because it is the VWAP pattern doesn't mean we're going to throw everything that we've learned in MIC out the window. We're going to incorporate the lines with these types of setups to give us an even bigger edge rather than just saying, oh, well, it's a VWAP reclaim pattern. I don't need to use the lines for that. I use the lines for every single pattern or like a little system or anything. I'm always going to be using resistance and support accompanied by the type of thesis and idea that I have. This is MYO from today. And I'm going to talk about this stock that the types of patterns you're going to see the same pattern coming up over and over and over again. So basically what we have here is we have a low float, which the float has been rotated. We get a pop and then immediately we get this sort of dipping action. And this dipping action, you have a lot of short sellers saying, you know, the stock is done. There's no way that it can come back from this. You know, just the psychology on this is that you're going to have a lot of people counting the stock out and saying it's done. But what they're not realizing is that this is a low float. This stock has a decent amount of range, you know, there's a lot of things that are kind of going for the stock. So then we start to see it base up. So basically there's kind of two entry signals that I see here. One is that the stock is basing underneath VWAP. That's, you know, a type of thing that I like because usually when I see it base under VWAP, I know that a lot of shorts are risking VWAP. And then we get this massive pop and we've kind of we've blown through all their stocks. So basically, if I'm going to enter underneath VWAP, I'm kind of anticipating that when the stock goes through VWAP that we're going to have a nice big push. The other entry that I see here is this red candle. So I'm never going to enter long into a candle like this, but into a candle like this where I see the stock dipping and I notice that the stock's holding, you know, that's something that I'm going to look for as well. And then of course we get this, we get this move up, but ideally I'm looking for an entry here with it basing underneath VWAP or an entry here where I noticed that the stock is holding kind of above VWAP in that kind of area. But again, I know I'm going to repeat myself a lot, but I just want you guys to understand that I'm never going to be entering in these big volume candles, these big strength candles, because I know that a lot of people are going to see a lot of green on the tape. They're going to see a lot of buying and they're going to be trying to chase this candle. So I never want to chase it. I'm either going to enter at this base or I'm going to enter when I noticed that the stock is holding. So yeah, this is the end. Don't hesitate to message me. You know, I'm always around. I'm always here, but just, you know, for future reference, I talk to members all the time. I do calls two or three or four calls every day after the market closes.  So when we start to see that, you know, reversal come into play. So that's the time that I'm usually done. I hope you guys enjoy this video. And yeah, don't hesitate to message me. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trading questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.


ArmTechCon 2016 and who are you? I'm Thomas Sage. I am a Product Marketing Director for the Cortex-M processors. So you launched here the show Cortex-M23, Cortex-M33. Correct. And this is a big deal, right? This is the first time you have Arm V8-M? Correct. So these are two new processors on the new architecture, the Arm V8-M architecture. And these are the first processors which include ThreadZone, the very first small Cortex-M including ThreadZone. We have the Cortex-M23 which is optimized for the smallest areas, smallest power for the most constrained IoT nodes. And we have the Cortex-M33 which is offering much more features, based also on the V8-M architecture having ThreadZone, but also new features like the cluster interface, it has DSP, it has the HPU. So yeah, definitely for more capable IoT nodes. So is the upgrade for Cortex-M0 plus and Cortex-M4, Cortex-M3? Maybe even. I'm not sure if the upgrade is the right word, it's complementary to the existing products. So the M0 plus or the M0, M3, M4 and M7 will remain. And this is now bringing more security, so the ThreadZone security foundation at the very heart of these processors. And we believe all processors will still coexist. But yes, if you are building a secure IoT node, you'll be served with the M23 or the Cortex-M43. So what's the main advantage of the Cortex-M, the ARM V8-M? And what is security? Is a lot about security? Correct. So there's security with ThreadZone and with other features. There's also a much better scalability. So within the architecture of V8-M, we have two profiles. We have the baseline profile on which is based Cortex-M23. And we have the mainline profile, which is the basis of the Cortex-M33. And it's very smooth now to move from the baseline to the mainline architecture. It's about system level in terms of number of interrupts, in terms of instructions. And it makes both for the two designers and for the software developer, which is more easy to migrate from one core to the other. And so it's very, very important. It's the most important thing right now for IoT, is security, right? Correct. Are you solving this right now? Yeah, so we are solving, in fact, many things. There is security with the ThreadZone Security Forum Foundation. We are still also very power aware. So even with security, the Cortex-M43 will have the same energy efficiency as the Cortex-M4 and Cortex-M23 will remain the same energy efficiency within M0+. So for IoT, yes, security is key, but also cost and energy efficiency. Does it go in lower nanometer? Where? Is that part of the considerations right here to save power consumption or no? Yeah, it will, but you know all our processors are, in fact, process agnostic. So you can build M23 or M43 on any kind of process. All the process, like 180 nanometers down to 40 nanometers, 28, 16, 10, whatever you need, in fact. So is your job talking with all the customers at ARM that do Cortex-M and talking to them and saying, hey, it's a great idea. You should use the M33 or the 23. So in fact, my job is indeed to be the interface between the customers, the problems they have to solve in our engineering. In fact, we don't really have to sell their product now, because if you look at their announcement, we have already seven official lead partners. We have another device. We have Silicon Labs, we have ST, we've got Microchip. We have Newvoton, for example. So in fact, the products are already well accepted. So the M23 and M33 are already in design at our partners. And we expect to have the first chip from our lead partners somewhere next year. And Embed OS, Embed Cloud, all that security stuff is going to be ready for this? Yes, correct. So it's part of the bigger picture. So we're launching processors. We're also launching a system IP for security. So they have the calling system IP, SSE 200, SIE 200. We're launching also a new crypto set product to enhance and to fortify the system with cryptography, with secure key storage. We're also launching radio with a cordial radio and all the Embed OS supporting B8M and also the Embed Cloud. So it's really the complete chain of security from the node, from the sensor up to the server. Alright, so looking forward to a secure IoT embedded world? With our partners and with the ecosystem, definitely, yes. Thank you very much.