{"version":"1.0.0","segments":[{"speaker":"Unknown","startTime":7.74,"endTime":11.94,"body":"Music, welcome to the"},{"speaker":"Unknown","startTime":7.74,"endTime":11.94,"body":"real advisor podcast, T, R, A,"},{"speaker":"Unknown","startTime":11.94,"endTime":15.72,"body":"P, trap. Please follow us and"},{"speaker":"Unknown","startTime":11.94,"endTime":15.72,"body":"join in the conversation on"},{"speaker":"Unknown","startTime":15.72,"endTime":19.92,"body":"Twitter at advisor podcast,"},{"speaker":"Unknown","startTime":15.72,"endTime":19.92,"body":"where you can suggest ideas and"},{"speaker":"Unknown","startTime":19.92,"endTime":23.48,"body":"themes you'd like the trap team"},{"speaker":"Unknown","startTime":19.92,"endTime":23.48,"body":"to discuss. Also remember to"},{"speaker":"Unknown","startTime":23.48,"endTime":26.66,"body":"like and subscribe to our"},{"speaker":"Unknown","startTime":23.48,"endTime":26.66,"body":"YouTube channel and leave a six"},{"speaker":"Unknown","startTime":26.66,"endTime":30.2,"body":"out of five star review on"},{"speaker":"Unknown","startTime":26.66,"endTime":30.2,"body":"iTunes. Doing all this really,"},{"speaker":"Unknown","startTime":30.2,"endTime":33.92,"body":"really helps us, which means we"},{"speaker":"Unknown","startTime":30.2,"endTime":33.92,"body":"can do more to help you. Now,"},{"speaker":"Unknown","startTime":33.92,"endTime":37.22,"body":"let's head over to the studio"},{"speaker":"Unknown","startTime":33.92,"endTime":37.22,"body":"for the latest pile of trap."},{"speaker":"Nick Lincoln","startTime":42.68,"endTime":44.86,"body":"Yes, indeed, dear"},{"speaker":"Nick Lincoln","startTime":42.68,"endTime":44.86,"body":"TRAPPIST, welcome back to what"},{"speaker":"Nick Lincoln","startTime":44.86,"endTime":47.92,"body":"many people are calling episode"},{"speaker":"Nick Lincoln","startTime":44.86,"endTime":47.92,"body":"70 of the real advisor podcast,"},{"speaker":"Nick Lincoln","startTime":47.92,"endTime":52.18,"body":"t up, AP trap. My name is"},{"speaker":"Nick Lincoln","startTime":47.92,"endTime":52.18,"body":"Lincoln, and joining me as ever"},{"speaker":"Nick Lincoln","startTime":52.66,"endTime":56.02,"body":"in the digital studio of doom,"},{"speaker":"Nick Lincoln","startTime":52.66,"endTime":56.02,"body":"are the three other Horsemen of"},{"speaker":"Nick Lincoln","startTime":56.02,"endTime":60.34,"body":"the Apocalypse. Alan, the"},{"speaker":"Nick Lincoln","startTime":56.02,"endTime":60.34,"body":"storyteller, Smith, Carl della"},{"speaker":"Nick Lincoln","startTime":60.34,"endTime":65.16,"body":"vocci, the voice widget and and"},{"speaker":"Nick Lincoln","startTime":60.34,"endTime":65.16,"body":"the ultra heart. Now, gentlemen,"},{"speaker":"Nick Lincoln","startTime":65.52,"endTime":70.56,"body":"we have a show packed full of"},{"speaker":"Nick Lincoln","startTime":65.52,"endTime":70.56,"body":"app salutely Nothing, so let's"},{"speaker":"Nick Lincoln","startTime":70.56,"endTime":73.32,"body":"start unpacking it straight away"},{"speaker":"Nick Lincoln","startTime":70.56,"endTime":73.32,"body":"with some more high energy"},{"speaker":"Nick Lincoln","startTime":73.32,"endTime":75.9,"body":"review reads. Read up on my very"},{"speaker":"Nick Lincoln","startTime":73.32,"endTime":75.9,"body":"good friend the right honorable"},{"speaker":"Nick Lincoln","startTime":75.9,"endTime":78.24,"body":"Mr. Andrew sane heart."},{"speaker":"Andy Hart","startTime":78.24,"endTime":80.36,"body":"Thank you very much."},{"speaker":"Andy Hart","startTime":78.24,"endTime":80.36,"body":"Nicholas, the first one's a"},{"speaker":"Andy Hart","startTime":80.36,"endTime":83.42,"body":"little bit embarrassing for me,"},{"speaker":"Andy Hart","startTime":80.36,"endTime":83.42,"body":"but I'll read it anyway. Five"},{"speaker":"Andy Hart","startTime":83.42,"endTime":86.84,"body":"stars. Luke Jeffrey entitled,"},{"speaker":"Andy Hart","startTime":83.42,"endTime":86.84,"body":"good set of role models for"},{"speaker":"Andy Hart","startTime":86.84,"endTime":90.56,"body":"anyone in or entering the sector"},{"speaker":"Andy Hart","startTime":86.84,"endTime":90.56,"body":"listening to trap as a result of"},{"speaker":"Andy Hart","startTime":90.62,"endTime":94.04,"body":"Maven money and the excellent"},{"speaker":"Andy Hart","startTime":90.62,"endTime":94.04,"body":"wisdom serve from Andy Hart, six"},{"speaker":"Andy Hart","startTime":94.04,"endTime":101.06,"body":"out of five stars. More"},{"speaker":"Andy Hart","startTime":94.04,"endTime":101.06,"body":"complicated. Come on. Read these"},{"speaker":"Andy Hart","startTime":101.06,"endTime":103.06,"body":"out. Gotta read these out. Go"},{"speaker":"Andy Hart","startTime":101.06,"endTime":103.06,"body":"read these out"},{"speaker":"Nick Lincoln","startTime":104.14,"endTime":108.82,"body":"everything, and he"},{"speaker":"Nick Lincoln","startTime":104.14,"endTime":108.82,"body":"can't be told anything. His name"},{"speaker":"Nick Lincoln","startTime":108.82,"endTime":110.32,"body":"is Andrew Hart."},{"speaker":"Carl Widger","startTime":114.16,"endTime":118.18,"body":"We can see how"},{"speaker":"Carl Widger","startTime":114.16,"endTime":118.18,"body":"absolutely mortified you are. So"},{"speaker":"Andy Hart","startTime":120.4,"endTime":123.48,"body":"embarrassed."},{"speaker":"Andy Hart","startTime":120.4,"endTime":123.48,"body":"Backfired. Located, into the"},{"speaker":"Andy Hart","startTime":123.48,"endTime":126.84,"body":"spirit of trap. Live more on"},{"speaker":"Andy Hart","startTime":123.48,"endTime":126.84,"body":"that later. Following the rest"},{"speaker":"Andy Hart","startTime":126.84,"endTime":130.32,"body":"of the review, more compounded"},{"speaker":"Andy Hart","startTime":126.84,"endTime":130.32,"body":"wisdom served from four very"},{"speaker":"Andy Hart","startTime":130.32,"endTime":134.16,"body":"experienced advisors. Thank you"},{"speaker":"Andy Hart","startTime":130.32,"endTime":134.16,"body":"for your good work, guys. I'm"},{"speaker":"Andy Hart","startTime":134.16,"endTime":136.5,"body":"not gonna read the next bit."},{"speaker":"Andy Hart","startTime":134.16,"endTime":136.5,"body":"He's basically saying, Bring"},{"speaker":"Andy Hart","startTime":136.5,"endTime":139.44,"body":"back making money, right? The"},{"speaker":"Andy Hart","startTime":136.5,"endTime":139.44,"body":"final review Sammy Bucha"},{"speaker":"Andy Hart","startTime":139.74,"endTime":144.44,"body":"entitled CPD hack. Could this be"},{"speaker":"Andy Hart","startTime":139.74,"endTime":144.44,"body":"the best CPD ever? And the show"},{"speaker":"Andy Hart","startTime":144.44,"endTime":147.86,"body":"notes are a real gift to keep up"},{"speaker":"Andy Hart","startTime":144.44,"endTime":147.86,"body":"the great work. Gents, best"},{"speaker":"Andy Hart","startTime":147.86,"endTime":150.98,"body":"wishes. Sam, back to you."},{"speaker":"Andy Hart","startTime":147.86,"endTime":150.98,"body":"Nicholas, okay,"},{"speaker":"Nick Lincoln","startTime":150.98,"endTime":153.68,"body":"lovely. Thank you."},{"speaker":"Nick Lincoln","startTime":150.98,"endTime":153.68,"body":"Thank you, Luke. Thank you, Sam,"},{"speaker":"Nick Lincoln","startTime":153.68,"endTime":156.62,"body":"for your reviews. They are just"},{"speaker":"Nick Lincoln","startTime":153.68,"endTime":156.62,"body":"like gold dust to us and our"},{"speaker":"Nick Lincoln","startTime":156.62,"endTime":159.32,"body":"inflated egos. Really appreciate"},{"speaker":"Nick Lincoln","startTime":156.62,"endTime":159.32,"body":"it. I'm glad somebody actually"},{"speaker":"Nick Lincoln","startTime":159.32,"endTime":161.62,"body":"looks at the show notes, which"},{"speaker":"Nick Lincoln","startTime":159.32,"endTime":161.62,"body":"is, um, which is nice to know."},{"speaker":"Nick Lincoln","startTime":161.74,"endTime":164.62,"body":"Okay, so episode 70. What's"},{"speaker":"Nick Lincoln","startTime":161.74,"endTime":164.62,"body":"anything happening? Kent?"},{"speaker":"Nick Lincoln","startTime":164.62,"endTime":167.2,"body":"Anything coming up? Yes, course,"},{"speaker":"Nick Lincoln","startTime":164.62,"endTime":167.2,"body":"there is the next episode."},{"speaker":"Nick Lincoln","startTime":167.2,"endTime":170.92,"body":"Episode 71 will be trapped live,"},{"speaker":"Nick Lincoln","startTime":167.2,"endTime":170.92,"body":"recorded at the Royal College of"},{"speaker":"Nick Lincoln","startTime":170.92,"endTime":175.6,"body":"positions in front of about 150"},{"speaker":"Nick Lincoln","startTime":170.92,"endTime":175.6,"body":"odd mad, raving Trappists. I"},{"speaker":"Nick Lincoln","startTime":175.6,"endTime":177.76,"body":"think we've pretty much sold"},{"speaker":"Nick Lincoln","startTime":175.6,"endTime":177.76,"body":"out, guys. Is that the message"},{"speaker":"Nick Lincoln","startTime":177.76,"endTime":179.74,"body":"I'm supposed to be pushing? We"},{"speaker":"Nick Lincoln","startTime":177.76,"endTime":179.74,"body":"didn't talk about this"},{"speaker":"Andy Hart","startTime":179.74,"endTime":181.5,"body":"before? Yeah,"},{"speaker":"Andy Hart","startTime":179.74,"endTime":181.5,"body":"seriously about another two"},{"speaker":"Andy Hart","startTime":181.5,"endTime":185.82,"body":"tickets. If someone is desperate"},{"speaker":"Andy Hart","startTime":181.5,"endTime":185.82,"body":"around next Wednesday, okay,"},{"speaker":"Carl Widger","startTime":185.82,"endTime":188.58,"body":"but, but I suppose"},{"speaker":"Carl Widger","startTime":185.82,"endTime":188.58,"body":"it should be said that if you"},{"speaker":"Carl Widger","startTime":188.58,"endTime":191.52,"body":"have got a ticket and you can't"},{"speaker":"Carl Widger","startTime":188.58,"endTime":191.52,"body":"go, please do let us know,"},{"speaker":"Carl Widger","startTime":191.52,"endTime":194.76,"body":"because there are people who are"},{"speaker":"Carl Widger","startTime":191.52,"endTime":194.76,"body":"looking for tickets so or"},{"speaker":"Andy Hart","startTime":194.76,"endTime":197.7,"body":"not, let us know."},{"speaker":"Andy Hart","startTime":194.76,"endTime":197.7,"body":"Give you Yeah, someone else."},{"speaker":"Unknown","startTime":202.259,"endTime":203.239,"body":"Get me involved."},{"speaker":"Unknown","startTime":202.259,"endTime":203.239,"body":"Because"},{"speaker":"Andy Hart","startTime":207.979,"endTime":211.639,"body":"someone else, or do a"},{"speaker":"Andy Hart","startTime":207.979,"endTime":211.639,"body":"post on LinkedIn. You got a"},{"speaker":"Andy Hart","startTime":211.639,"endTime":215.539,"body":"spare ticket like we're happy"},{"speaker":"Andy Hart","startTime":211.639,"endTime":215.539,"body":"for you quickly, the black"},{"speaker":"Unknown","startTime":215.539,"endTime":219.199,"body":"market reason will be"},{"speaker":"Unknown","startTime":215.539,"endTime":219.199,"body":"crazy. Oh, my God. I mean"},{"speaker":"Unknown","startTime":219.199,"endTime":220.579,"body":"tickets outside"},{"speaker":"Nick Lincoln","startTime":220.88,"endTime":223.24,"body":"Bitcoin. We'll"},{"speaker":"Nick Lincoln","startTime":220.88,"endTime":223.24,"body":"talk about that later. Okay, all"},{"speaker":"Nick Lincoln","startTime":223.24,"endTime":226.0,"body":"right, so looking forward to"},{"speaker":"Nick Lincoln","startTime":223.24,"endTime":226.0,"body":"that, can't wait, and we're all"},{"speaker":"Nick Lincoln","startTime":226.0,"endTime":229.66,"body":"prepared and excited, aren't we?"},{"speaker":"Nick Lincoln","startTime":226.0,"endTime":229.66,"body":"Jen, okay, so the final, first"},{"speaker":"Nick Lincoln","startTime":229.66,"endTime":233.98,"body":"topic, let I know, let's, let's"},{"speaker":"Nick Lincoln","startTime":229.66,"endTime":233.98,"body":"put a timestamp on episode 70."},{"speaker":"Nick Lincoln","startTime":235.06,"endTime":237.7,"body":"Oh, this is a story that's never"},{"speaker":"Nick Lincoln","startTime":235.06,"endTime":237.7,"body":"done the rounds before. Alan,"},{"speaker":"Nick Lincoln","startTime":237.7,"endTime":238.66,"body":"well done. Crack on."},{"speaker":"Unknown","startTime":240.46,"endTime":243.0,"body":"Yeah, hasn't done the"},{"speaker":"Unknown","startTime":240.46,"endTime":243.0,"body":"runs before, but it's come up"},{"speaker":"Unknown","startTime":243.0,"endTime":245.76,"body":"yet again on the back of some"},{"speaker":"Unknown","startTime":243.0,"endTime":245.76,"body":"recent mark. Did you notice some"},{"speaker":"Unknown","startTime":245.76,"endTime":249.06,"body":"market volatility recently? Did"},{"speaker":"Unknown","startTime":245.76,"endTime":249.06,"body":"you notice up and down, up and"},{"speaker":"Unknown","startTime":249.06,"endTime":251.82,"body":"down, down? Emergency podcasts,"},{"speaker":"Unknown","startTime":249.06,"endTime":251.82,"body":"you name"},{"speaker":"Nick Lincoln","startTime":251.82,"endTime":253.62,"body":"it. Last was it"},{"speaker":"Nick Lincoln","startTime":251.82,"endTime":253.62,"body":"the last one was the Trump"},{"speaker":"Nick Lincoln","startTime":253.68,"endTime":256.86,"body":"tantrums episode before we're"},{"speaker":"Nick Lincoln","startTime":253.68,"endTime":256.86,"body":"talking about it, just in the"},{"speaker":"Nick Lincoln","startTime":256.86,"endTime":258.6,"body":"background now, but yeah, sorry,"},{"speaker":"Nick Lincoln","startTime":256.86,"endTime":258.6,"body":"do go on. I"},{"speaker":"Unknown","startTime":258.66,"endTime":260.72,"body":"mean, markets, and I"},{"speaker":"Unknown","startTime":258.66,"endTime":260.72,"body":"pretty much returned to the"},{"speaker":"Unknown","startTime":260.72,"endTime":263.96,"body":"level they were around about the"},{"speaker":"Unknown","startTime":260.72,"endTime":263.96,"body":"time of what you call it,"},{"speaker":"Unknown","startTime":263.96,"endTime":266.72,"body":"Independence Day, Freedom Day."},{"speaker":"Unknown","startTime":263.96,"endTime":266.72,"body":"What was it called? Liberation"},{"speaker":"Unknown","startTime":266.72,"endTime":269.24,"body":"Day? Liberation Day, it was some"},{"speaker":"Unknown","startTime":266.72,"endTime":269.24,"body":"sometimes"},{"speaker":"Andy Hart","startTime":270.08,"endTime":272.6,"body":"the first of April,"},{"speaker":"Andy Hart","startTime":270.08,"endTime":272.6,"body":"because it just seemed like an"},{"speaker":"Andy Hart","startTime":272.6,"endTime":274.46,"body":"April Fools. It's just amazing"},{"speaker":"Unknown","startTime":274.459,"endTime":279.319,"body":"that that is the level"},{"speaker":"Unknown","startTime":274.459,"endTime":279.319,"body":"we're at. It's wild, anywho what"},{"speaker":"Unknown","startTime":279.319,"endTime":283.599,"body":"we're often told and for young"},{"speaker":"Unknown","startTime":279.319,"endTime":283.599,"body":"trappers, listening to this, who"},{"speaker":"Unknown","startTime":283.599,"endTime":286.239,"body":"haven't been through a lot of"},{"speaker":"Unknown","startTime":283.599,"endTime":286.239,"body":"volatility in the past is, I"},{"speaker":"Unknown","startTime":286.239,"endTime":288.639,"body":"mean, let's face it, subject,"},{"speaker":"Unknown","startTime":286.239,"endTime":288.639,"body":"there have been some bumps in"},{"speaker":"Unknown","startTime":288.639,"endTime":292.359,"body":"the road, but going back to, I"},{"speaker":"Unknown","startTime":288.639,"endTime":292.359,"body":"mean, pretty much 2009 we've"},{"speaker":"Unknown","startTime":292.359,"endTime":295.299,"body":"had, the markets have generally"},{"speaker":"Unknown","startTime":292.359,"endTime":295.299,"body":"gone broadly up. Of course, we"},{"speaker":"Unknown","startTime":295.299,"endTime":298.299,"body":"had 2020 we've got a couple of"},{"speaker":"Unknown","startTime":295.299,"endTime":298.299,"body":"other bumps along the way, but"},{"speaker":"Unknown","startTime":298.299,"endTime":301.739,"body":"they're generally broadly gone"},{"speaker":"Unknown","startTime":298.299,"endTime":301.739,"body":"up and. Those of us who advocate"},{"speaker":"Unknown","startTime":301.739,"endTime":305.759,"body":"for low cost index, call it"},{"speaker":"Unknown","startTime":301.739,"endTime":305.759,"body":"passive, call it smart beta,"},{"speaker":"Unknown","startTime":305.759,"endTime":309.419,"body":"call it what. You will always"},{"speaker":"Unknown","startTime":305.759,"endTime":309.419,"body":"get some pushback from those who"},{"speaker":"Unknown","startTime":309.419,"endTime":313.679,"body":"advocate for the dark side,"},{"speaker":"Unknown","startTime":309.419,"endTime":313.679,"body":"Nicholas, active management,"},{"speaker":"Unknown","startTime":314.159,"endTime":318.359,"body":"active trading, moving in and"},{"speaker":"Unknown","startTime":314.159,"endTime":318.359,"body":"out of stocks, timing the"},{"speaker":"Unknown","startTime":318.359,"endTime":321.559,"body":"market, all that sort of stuff,"},{"speaker":"Unknown","startTime":318.359,"endTime":321.559,"body":"because those proponents of that"},{"speaker":"Unknown","startTime":321.559,"endTime":323.719,"body":"style of investment always say,"},{"speaker":"Unknown","startTime":321.559,"endTime":323.719,"body":"yeah, yeah, yeah. That's all"},{"speaker":"Unknown","startTime":323.719,"endTime":326.659,"body":"well and good. When markets are"},{"speaker":"Unknown","startTime":323.719,"endTime":326.659,"body":"racing away, it's easy to track"},{"speaker":"Unknown","startTime":326.719,"endTime":330.019,"body":"a market as it's going up. You"},{"speaker":"Unknown","startTime":326.719,"endTime":330.019,"body":"just wait. They tell us, you"},{"speaker":"Unknown","startTime":330.019,"endTime":333.139,"body":"just wait where there's some"},{"speaker":"Unknown","startTime":330.019,"endTime":333.139,"body":"volatility. That's when having a"},{"speaker":"Unknown","startTime":333.139,"endTime":337.219,"body":"professional, informed, Active"},{"speaker":"Unknown","startTime":333.139,"endTime":337.219,"body":"Trader manager really comes into"},{"speaker":"Unknown","startTime":337.219,"endTime":341.679,"body":"the room. Well, guess what?"},{"speaker":"Unknown","startTime":337.219,"endTime":341.679,"body":"We've had the volatility. Turns"},{"speaker":"Unknown","startTime":341.679,"endTime":344.679,"body":"out, if we continue to have some"},{"speaker":"Unknown","startTime":341.679,"endTime":344.679,"body":"volatility, there's just an"},{"speaker":"Unknown","startTime":344.679,"endTime":346.959,"body":"interesting article. There's"},{"speaker":"Unknown","startTime":344.679,"endTime":346.959,"body":"lots of this out there as an"},{"speaker":"Unknown","startTime":346.959,"endTime":350.019,"body":"interesting article that I"},{"speaker":"Unknown","startTime":346.959,"endTime":350.019,"body":"noticed on trust net, If anyone"},{"speaker":"Unknown","startTime":350.019,"endTime":352.719,"body":"looks at that, subscribe is"},{"speaker":"Unknown","startTime":350.019,"endTime":352.719,"body":"quite useful, bit like Morning"},{"speaker":"Unknown","startTime":352.719,"endTime":356.319,"body":"Star, but lots of data. But they"},{"speaker":"Unknown","startTime":352.719,"endTime":356.319,"body":"just did an article saying that"},{"speaker":"Unknown","startTime":356.319,"endTime":358.959,"body":"despite all the previous"},{"speaker":"Unknown","startTime":356.319,"endTime":358.959,"body":"promises, the active managers"},{"speaker":"Unknown","startTime":358.959,"endTime":362.039,"body":"over this recent period of"},{"speaker":"Unknown","startTime":358.959,"endTime":362.039,"body":"volatility have actually"},{"speaker":"Unknown","startTime":362.099,"endTime":366.059,"body":"underperformed like a passive"},{"speaker":"Unknown","startTime":362.099,"endTime":366.059,"body":"tracker. Obviously, Tracker"},{"speaker":"Unknown","startTime":366.059,"endTime":369.899,"body":"funds has tracked the market"},{"speaker":"Unknown","startTime":366.059,"endTime":369.899,"body":"down, but the vast, vast, vast"},{"speaker":"Unknown","startTime":369.899,"endTime":373.139,"body":"majority of the active managers"},{"speaker":"Unknown","startTime":369.899,"endTime":373.139,"body":"have also tracked the market"},{"speaker":"Unknown","startTime":373.139,"endTime":377.759,"body":"down, but even further and"},{"speaker":"Unknown","startTime":373.139,"endTime":377.759,"body":"faster than the index funds. I"},{"speaker":"Unknown","startTime":377.759,"endTime":380.539,"body":"posted a link to the article in"},{"speaker":"Unknown","startTime":377.759,"endTime":380.539,"body":"the show notes, but there's a"},{"speaker":"Unknown","startTime":380.539,"endTime":383.299,"body":"couple of glaring examples. I"},{"speaker":"Unknown","startTime":380.539,"endTime":383.299,"body":"mean, you focus on just one"},{"speaker":"Unknown","startTime":383.299,"endTime":386.659,"body":"example, the focus on the tech"},{"speaker":"Unknown","startTime":383.299,"endTime":386.659,"body":"stocks in particular, which"},{"speaker":"Unknown","startTime":386.659,"endTime":390.859,"body":"obviously have really borne the"},{"speaker":"Unknown","startTime":386.659,"endTime":390.859,"body":"brunt of this recent volatility."},{"speaker":"Unknown","startTime":390.859,"endTime":396.619,"body":"Markets down the IA technology"},{"speaker":"Unknown","startTime":390.859,"endTime":396.619,"body":"and technology innovation sector"},{"speaker":"Unknown","startTime":396.619,"endTime":401.019,"body":"put in the worst showing of all"},{"speaker":"Unknown","startTime":396.619,"endTime":401.019,"body":"the sectors, and fell about"},{"speaker":"Unknown","startTime":401.019,"endTime":407.439,"body":"19.7% whereas the average active"},{"speaker":"Unknown","startTime":401.019,"endTime":407.439,"body":"fund on the same sector fell"},{"speaker":"Unknown","startTime":407.499,"endTime":413.379,"body":"24.6% special, special message"},{"speaker":"Unknown","startTime":407.499,"endTime":413.379,"body":"must go to the lion trust Global"},{"speaker":"Unknown","startTime":413.379,"endTime":419.499,"body":"Technology Fund, which fell by"},{"speaker":"Unknown","startTime":413.379,"endTime":419.499,"body":"31.6% over that period of time"},{"speaker":"Unknown","startTime":419.499,"endTime":425.339,"body":"versus 19.6 so yeah. I mean, we"},{"speaker":"Unknown","startTime":419.499,"endTime":425.339,"body":"are kind of, you know, playing"},{"speaker":"Unknown","startTime":425.339,"endTime":428.819,"body":"the same song, same old story."},{"speaker":"Unknown","startTime":425.339,"endTime":428.819,"body":"But again, it goes to show you"},{"speaker":"Unknown","startTime":429.119,"endTime":432.359,"body":"that the data, the facts and the"},{"speaker":"Unknown","startTime":429.119,"endTime":432.359,"body":"evidence do not hold up very"},{"speaker":"Unknown","startTime":432.359,"endTime":435.839,"body":"positively for those who follow,"},{"speaker":"Unknown","startTime":432.359,"endTime":435.839,"body":"you know, active trading in"},{"speaker":"Unknown","startTime":435.839,"endTime":439.199,"body":"other markets where the markets"},{"speaker":"Unknown","startTime":435.839,"endTime":439.199,"body":"are going up sideways, or indeed"},{"speaker":"Unknown","startTime":439.379,"endTime":441.139,"body":"going down. So useful article."},{"speaker":"Nick Lincoln","startTime":441.98,"endTime":444.26,"body":"Yeah, point well"},{"speaker":"Nick Lincoln","startTime":441.98,"endTime":444.26,"body":"made. And, yeah, I wonder how"},{"speaker":"Nick Lincoln","startTime":444.26,"endTime":447.44,"body":"much more Kathy Woods arc fund"},{"speaker":"Nick Lincoln","startTime":444.26,"endTime":447.44,"body":"has suffered if those other tech"},{"speaker":"Nick Lincoln","startTime":447.44,"endTime":452.78,"body":"funds have suffered, right?"},{"speaker":"Nick Lincoln","startTime":447.44,"endTime":452.78,"body":"Della vocci, the voice, make"},{"speaker":"Nick Lincoln","startTime":452.84,"endTime":453.98,"body":"this exciting."},{"speaker":"Carl Widger","startTime":455.36,"endTime":457.88,"body":"Sorry, what's"},{"speaker":"Carl Widger","startTime":455.36,"endTime":457.88,"body":"what's up next? Nick, remind me"},{"speaker":"Carl Widger","startTime":457.88,"endTime":462.7,"body":"again. No, someone else tell me,"},{"speaker":"Carl Widger","startTime":457.88,"endTime":462.7,"body":"because I don't have the show"},{"speaker":"Carl Widger","startTime":463.0,"endTime":467.8,"body":"notes in front. See, this is why"},{"speaker":"Carl Widger","startTime":463.0,"endTime":467.8,"body":"trap live isn't really that much"},{"speaker":"Carl Widger","startTime":467.8,"endTime":472.06,"body":"of a challenge for me, because I"},{"speaker":"Carl Widger","startTime":467.8,"endTime":472.06,"body":"will be going, Oh, Jesus Christ."},{"speaker":"Carl Widger","startTime":472.06,"endTime":473.38,"body":"We don't have our notes what we"},{"speaker":"Carl Widger","startTime":472.06,"endTime":473.38,"body":"do."},{"speaker":"Unknown","startTime":473.68,"endTime":476.14,"body":"So, yeah, we're gonna"},{"speaker":"Unknown","startTime":473.68,"endTime":476.14,"body":"be lost up there. You're gonna"},{"speaker":"Unknown","startTime":476.32,"endTime":477.7,"body":"be element exactly. I just"},{"speaker":"Carl Widger","startTime":477.699,"endTime":479.619,"body":"like sitting there,"},{"speaker":"Carl Widger","startTime":477.699,"endTime":479.619,"body":"just doing what I always do,"},{"speaker":"Carl Widger","startTime":479.619,"endTime":481.799,"body":"just smile and just talked like"},{"speaker":"Carl Widger","startTime":479.619,"endTime":481.799,"body":"a call about"},{"speaker":"Unknown","startTime":481.8,"endTime":485.82,"body":"what's next. Yeah, goes"},{"speaker":"Unknown","startTime":481.8,"endTime":485.82,"body":"extra quiet. You start speaking,"},{"speaker":"Unknown","startTime":485.94,"endTime":487.56,"body":"yeah, no, it's your turn."},{"speaker":"Carl Widger","startTime":487.8,"endTime":491.22,"body":"Yeah, exactly."},{"speaker":"Carl Widger","startTime":487.8,"endTime":491.22,"body":"That's actually, precisely how"},{"speaker":"Carl Widger","startTime":491.22,"endTime":494.04,"body":"it works. But anyway, yeah,"},{"speaker":"Carl Widger","startTime":491.22,"endTime":494.04,"body":"look, this is, I think this is"},{"speaker":"Carl Widger","startTime":494.04,"endTime":497.28,"body":"good news, because I've been"},{"speaker":"Carl Widger","startTime":494.04,"endTime":497.28,"body":"bemoaning the lack of"},{"speaker":"Carl Widger","startTime":497.28,"endTime":501.92,"body":"competition in the Irish banking"},{"speaker":"Carl Widger","startTime":497.28,"endTime":501.92,"body":"sector, and that the pillar"},{"speaker":"Carl Widger","startTime":501.92,"endTime":504.38,"body":"banks here have kind of been"},{"speaker":"Carl Widger","startTime":501.92,"endTime":504.38,"body":"running away with themselves in"},{"speaker":"Carl Widger","startTime":504.38,"endTime":506.78,"body":"terms of profitability because"},{"speaker":"Carl Widger","startTime":504.38,"endTime":506.78,"body":"they haven't been challenged."},{"speaker":"Carl Widger","startTime":506.78,"endTime":511.46,"body":"And we're going to be talking"},{"speaker":"Carl Widger","startTime":506.78,"endTime":511.46,"body":"about fintechs later on, but"},{"speaker":"Carl Widger","startTime":511.46,"endTime":515.18,"body":"this is, you know, Revolut"},{"speaker":"Carl Widger","startTime":511.46,"endTime":515.18,"body":"coming in and really making a"},{"speaker":"Carl Widger","startTime":515.18,"endTime":518.24,"body":"real impact. So what they've"},{"speaker":"Carl Widger","startTime":515.18,"endTime":518.24,"body":"done is they've done two things."},{"speaker":"Carl Widger","startTime":518.54,"endTime":521.74,"body":"They've brought together."},{"speaker":"Carl Widger","startTime":518.54,"endTime":521.74,"body":"They're entering the mortgage"},{"speaker":"Carl Widger","startTime":521.74,"endTime":526.3,"body":"market, I think it's next month"},{"speaker":"Carl Widger","startTime":521.74,"endTime":526.3,"body":"in Ireland, and in advance of"},{"speaker":"Carl Widger","startTime":526.3,"endTime":530.8,"body":"that, they've swept up 1 billion"},{"speaker":"Carl Widger","startTime":526.3,"endTime":530.8,"body":"in savings from Irish savers. So"},{"speaker":"Carl Widger","startTime":530.8,"endTime":534.04,"body":"Irish savers are trying to build"},{"speaker":"Carl Widger","startTime":530.8,"endTime":534.04,"body":"up their savings with revenues"},{"speaker":"Carl Widger","startTime":534.04,"endTime":537.4,"body":"in order to be able to apply for"},{"speaker":"Carl Widger","startTime":534.04,"endTime":537.4,"body":"mortgages with Revolut. So very"},{"speaker":"Carl Widger","startTime":537.4,"endTime":541.38,"body":"clever by the Irish savers, I"},{"speaker":"Carl Widger","startTime":537.4,"endTime":541.38,"body":"would say, but also extremely"},{"speaker":"Carl Widger","startTime":541.38,"endTime":544.74,"body":"clever by revenue, to announce"},{"speaker":"Carl Widger","startTime":541.38,"endTime":544.74,"body":"it in advance, to hoover up"},{"speaker":"Carl Widger","startTime":544.74,"endTime":548.94,"body":"that. But this latest"},{"speaker":"Carl Widger","startTime":544.74,"endTime":548.94,"body":"announcement is that they're now"},{"speaker":"Carl Widger","startTime":548.94,"endTime":553.38,"body":"going to be providing corporate"},{"speaker":"Carl Widger","startTime":548.94,"endTime":553.38,"body":"deposit rates as well. I think"},{"speaker":"Carl Widger","startTime":553.74,"endTime":558.6,"body":"it's about 1.5 1.6 1.7%"},{"speaker":"Carl Widger","startTime":553.74,"endTime":558.6,"body":"depending on terms that you'll"},{"speaker":"Carl Widger","startTime":558.6,"endTime":561.74,"body":"put it away for, and that kind"},{"speaker":"Carl Widger","startTime":558.6,"endTime":561.74,"body":"of stuff. Honestly, I can't see"},{"speaker":"Carl Widger","startTime":561.74,"endTime":566.6,"body":"them making much of an impact. I"},{"speaker":"Carl Widger","startTime":561.74,"endTime":566.6,"body":"can't see big companies putting"},{"speaker":"Carl Widger","startTime":566.6,"endTime":571.04,"body":"loads of money with the likes of"},{"speaker":"Carl Widger","startTime":566.6,"endTime":571.04,"body":"revenue just yet. But having"},{"speaker":"Carl Widger","startTime":571.04,"endTime":575.54,"body":"said that, good for competition,"},{"speaker":"Carl Widger","startTime":571.04,"endTime":575.54,"body":"and if it kind of wakes up the"},{"speaker":"Carl Widger","startTime":575.54,"endTime":581.56,"body":"Bank of Ireland and AIB guys and"},{"speaker":"Carl Widger","startTime":575.54,"endTime":581.56,"body":"gals to provide some reasonable"},{"speaker":"Carl Widger","startTime":581.56,"endTime":583.9,"body":"rates. Well, that can only be"},{"speaker":"Carl Widger","startTime":581.56,"endTime":583.9,"body":"really, really good. What's"},{"speaker":"Andy Hart","startTime":585.22,"endTime":587.26,"body":"the going rate with"},{"speaker":"Andy Hart","startTime":585.22,"endTime":587.26,"body":"the other other banks in I mean,"},{"speaker":"Andy Hart","startTime":587.26,"endTime":588.04,"body":"how much better are"},{"speaker":"Carl Widger","startTime":588.04,"endTime":590.44,"body":"they? Well, in"},{"speaker":"Carl Widger","startTime":588.04,"endTime":590.44,"body":"terms of the corporate deposits,"},{"speaker":"Carl Widger","startTime":590.44,"endTime":593.26,"body":"like they're that you're pretty"},{"speaker":"Carl Widger","startTime":590.44,"endTime":593.26,"body":"much getting nothing at all. So"},{"speaker":"Carl Widger","startTime":593.26,"endTime":597.52,"body":"they've had to react on the"},{"speaker":"Carl Widger","startTime":593.26,"endTime":597.52,"body":"spoken about this a good bit on"},{"speaker":"Carl Widger","startTime":597.52,"endTime":600.12,"body":"the individual depositors."},{"speaker":"Carl Widger","startTime":597.52,"endTime":600.12,"body":"They've like, you know. If"},{"speaker":"Carl Widger","startTime":600.12,"endTime":603.96,"body":"you're willing to lock it away"},{"speaker":"Carl Widger","startTime":600.12,"endTime":603.96,"body":"for six months, or they're"},{"speaker":"Carl Widger","startTime":603.96,"endTime":609.78,"body":"competing now against the likes"},{"speaker":"Carl Widger","startTime":603.96,"endTime":609.78,"body":"of bunk and raison.ie but I,"},{"speaker":"Carl Widger","startTime":609.78,"endTime":614.28,"body":"I'm, I know that the corporate"},{"speaker":"Carl Widger","startTime":609.78,"endTime":614.28,"body":"deposits are pretty much non"},{"speaker":"Carl Widger","startTime":614.28,"endTime":617.64,"body":"existent here at the moment."},{"speaker":"Carl Widger","startTime":614.28,"endTime":617.64,"body":"Revolute absolutely killing"},{"speaker":"Unknown","startTime":617.64,"endTime":620.22,"body":"it. They're killing it."},{"speaker":"Unknown","startTime":617.64,"endTime":620.22,"body":"They're gonna say their latest"},{"speaker":"Unknown","startTime":620.22,"endTime":622.02,"body":"profits, ukn"},{"speaker":"Unknown","startTime":622.02,"endTime":625.22,"body":"tech, unicorn. What a great"},{"speaker":"Unknown","startTime":622.02,"endTime":625.22,"body":"story for"},{"speaker":"Andy Hart","startTime":625.76,"endTime":628.7,"body":"insanely high like"},{"speaker":"Andy Hart","startTime":625.76,"endTime":628.7,"body":"35% or something, ballpark like"},{"speaker":"Andy Hart","startTime":628.7,"endTime":629.84,"body":"that, although the founders"},{"speaker":"Unknown","startTime":629.84,"endTime":633.14,"body":"have relocated to"},{"speaker":"Unknown","startTime":629.84,"endTime":633.14,"body":"Dubai, which is that whole"},{"speaker":"Unknown","startTime":633.38,"endTime":635.24,"body":"other, really story, well,"},{"speaker":"Unknown","startTime":635.6,"endTime":638.0,"body":"that founders can work anywhere"},{"speaker":"Unknown","startTime":635.6,"endTime":638.0,"body":"at some boys, yeah,"},{"speaker":"Carl Widger","startTime":638.06,"endTime":640.36,"body":"but that says, that"},{"speaker":"Carl Widger","startTime":638.06,"endTime":640.36,"body":"says, that says a lot. But"},{"speaker":"Carl Widger","startTime":640.54,"endTime":643.72,"body":"they're a magnificent company."},{"speaker":"Carl Widger","startTime":640.54,"endTime":643.72,"body":"And, like, I don't know if"},{"speaker":"Carl Widger","startTime":643.72,"endTime":646.48,"body":"you've used, like for me, like"},{"speaker":"Carl Widger","startTime":643.72,"endTime":646.48,"body":"going from Euro just to if, when"},{"speaker":"Carl Widger","startTime":646.48,"endTime":649.54,"body":"I go over and see you boys, I"},{"speaker":"Carl Widger","startTime":646.48,"endTime":649.54,"body":"have, automatically, I have a"},{"speaker":"Carl Widger","startTime":649.54,"endTime":652.06,"body":"sterling account, if I go to the"},{"speaker":"Carl Widger","startTime":649.54,"endTime":652.06,"body":"States, automatically have a"},{"speaker":"Carl Widger","startTime":652.36,"endTime":656.02,"body":"have, you know, all done on my"},{"speaker":"Carl Widger","startTime":652.36,"endTime":656.02,"body":"app with revenue."},{"speaker":"Unknown","startTime":656.02,"endTime":659.32,"body":"It's just absolutely"},{"speaker":"Unknown","startTime":656.02,"endTime":659.32,"body":"great for kids as well. I've got"},{"speaker":"Unknown","startTime":659.32,"endTime":663.12,"body":"the kids accounts as well, and"},{"speaker":"Unknown","startTime":659.32,"endTime":663.12,"body":"teenagers constantly ask me for"},{"speaker":"Unknown","startTime":663.12,"endTime":665.58,"body":"money. I just ping it across to"},{"speaker":"Unknown","startTime":663.12,"endTime":665.58,"body":"them. 100% I"},{"speaker":"Carl Widger","startTime":665.7,"endTime":667.8,"body":"have a daughter"},{"speaker":"Carl Widger","startTime":665.7,"endTime":667.8,"body":"going to go into the states"},{"speaker":"Carl Widger","startTime":667.8,"endTime":672.18,"body":"later on this summer, to college"},{"speaker":"Carl Widger","startTime":667.8,"endTime":672.18,"body":"there, and it'd be really easy."},{"speaker":"Carl Widger","startTime":672.18,"endTime":674.94,"body":"Like, if she says to me, Dad, I"},{"speaker":"Carl Widger","startTime":672.18,"endTime":674.94,"body":"need money. It's like, right"},{"speaker":"Carl Widger","startTime":675.24,"endTime":678.36,"body":"through the app, just send her"},{"speaker":"Carl Widger","startTime":675.24,"endTime":678.36,"body":"money and she'll be able to put"},{"speaker":"Carl Widger","startTime":678.36,"endTime":682.76,"body":"transfer, transfer from her Euro"},{"speaker":"Carl Widger","startTime":678.36,"endTime":682.76,"body":"account into $1 account straight"},{"speaker":"Carl Widger","startTime":682.76,"endTime":683.48,"body":"away. Absolutely,"},{"speaker":"Unknown","startTime":684.02,"endTime":684.5,"body":"Bitcoin."},{"speaker":"Carl Widger","startTime":686.84,"endTime":688.94,"body":"You said it Nick."},{"speaker":"Carl Widger","startTime":686.84,"endTime":688.94,"body":"But let look. Just hold fire."},{"speaker":"Carl Widger","startTime":688.94,"endTime":689.18,"body":"Just"},{"speaker":"Nick Lincoln","startTime":690.079,"endTime":692.659,"body":"for I just wonder"},{"speaker":"Nick Lincoln","startTime":690.079,"endTime":692.659,"body":"your banks are making enormous"},{"speaker":"Nick Lincoln","startTime":692.659,"endTime":696.799,"body":"profits. Yeah, watch, because"},{"speaker":"Nick Lincoln","startTime":692.659,"endTime":696.799,"body":"the Irish clearing banks prime"},{"speaker":"Nick Lincoln","startTime":696.799,"endTime":699.799,"body":"rate, as you know, is 4.15%"},{"speaker":"Nick Lincoln","startTime":696.799,"endTime":699.799,"body":"that's the that's the rate they"},{"speaker":"Nick Lincoln","startTime":699.799,"endTime":701.979,"body":"lend out to businesses for short"},{"speaker":"Nick Lincoln","startTime":699.799,"endTime":701.979,"body":"term borrowing, and they're"},{"speaker":"Nick Lincoln","startTime":701.979,"endTime":704.619,"body":"giving bugger all back in"},{"speaker":"Nick Lincoln","startTime":701.979,"endTime":704.619,"body":"interest on deposits to"},{"speaker":"Carl Widger","startTime":704.62,"endTime":706.66,"body":"corporate. Well,"},{"speaker":"Carl Widger","startTime":704.62,"endTime":706.66,"body":"they're giving you a little bit"},{"speaker":"Carl Widger","startTime":706.66,"endTime":710.32,"body":"more, at least, now than they"},{"speaker":"Carl Widger","startTime":706.66,"endTime":710.32,"body":"were because of the likes of"},{"speaker":"Carl Widger","startTime":710.5,"endTime":714.4,"body":"Revolut and reason and bunk and"},{"speaker":"Carl Widger","startTime":710.5,"endTime":714.4,"body":"these guys. So their profits are"},{"speaker":"Carl Widger","startTime":714.46,"endTime":717.88,"body":"down slightly, but they've just,"},{"speaker":"Carl Widger","startTime":714.46,"endTime":717.88,"body":"they've just given guidance for"},{"speaker":"Carl Widger","startTime":717.88,"endTime":720.96,"body":"the first quarter, and their"},{"speaker":"Carl Widger","startTime":717.88,"endTime":720.96,"body":"profits are in line with"},{"speaker":"Carl Widger","startTime":720.96,"endTime":723.9,"body":"expectations. Like they were"},{"speaker":"Carl Widger","startTime":720.96,"endTime":723.9,"body":"making a billion every six"},{"speaker":"Carl Widger","startTime":723.9,"endTime":727.32,"body":"months for the last couple of"},{"speaker":"Carl Widger","startTime":723.9,"endTime":727.32,"body":"years. So all"},{"speaker":"Andy Hart","startTime":727.32,"endTime":729.9,"body":"banks, the latest"},{"speaker":"Andy Hart","startTime":727.32,"endTime":729.9,"body":"numbers have come in, Barclays,"},{"speaker":"Andy Hart","startTime":729.9,"endTime":733.26,"body":"HSBC, Santa, their astronomical"},{"speaker":"Andy Hart","startTime":729.9,"endTime":733.26,"body":"profits. I mean the spread they"},{"speaker":"Andy Hart","startTime":733.26,"endTime":736.32,"body":"make on monies. I think it's"},{"speaker":"Andy Hart","startTime":733.26,"endTime":736.32,"body":"gone up to about 2.7 now on"},{"speaker":"Andy Hart","startTime":736.32,"endTime":739.02,"body":"average. Yeah, so it's insane."},{"speaker":"Andy Hart","startTime":736.32,"endTime":739.02,"body":"We still can't open a bank"},{"speaker":"Andy Hart","startTime":739.02,"endTime":740.84,"body":"account with them. Still kind"},{"speaker":"Andy Hart","startTime":739.02,"endTime":740.84,"body":"of, yeah,"},{"speaker":"Nick Lincoln","startTime":741.38,"endTime":743.48,"body":"yeah, that's a"},{"speaker":"Nick Lincoln","startTime":741.38,"endTime":743.48,"body":"proper that's a proper reduction"},{"speaker":"Nick Lincoln","startTime":743.48,"endTime":746.36,"body":"in the yield. That means"},{"speaker":"Nick Lincoln","startTime":743.48,"endTime":746.36,"body":"something that's spread. But"},{"speaker":"Nick Lincoln","startTime":746.36,"endTime":748.34,"body":"it's not because there's"},{"speaker":"Unknown","startTime":748.34,"endTime":750.8,"body":"a lot of exciting"},{"speaker":"Unknown","startTime":748.34,"endTime":750.8,"body":"subjects here, just to manage my"},{"speaker":"Unknown","startTime":750.8,"endTime":755.0,"body":"own expectations. Are there any"},{"speaker":"Unknown","startTime":750.8,"endTime":755.0,"body":"updates on pra set? Prsa corner,"},{"speaker":"Unknown","startTime":755.78,"endTime":756.74,"body":"prsa corner."},{"speaker":"Unknown","startTime":760.22,"endTime":765.28,"body":"I may need to think revolution"},{"speaker":"Unknown","startTime":760.22,"endTime":765.28,"body":"is gonna launch a prsa. What"},{"speaker":"Unknown","startTime":765.28,"endTime":770.32,"body":"they're doing just get your"},{"speaker":"Unknown","startTime":765.28,"endTime":770.32,"body":"money, switches your Bitcoin. I"},{"speaker":"Unknown","startTime":770.32,"endTime":770.74,"body":"have some"},{"speaker":"Unknown","startTime":770.74,"endTime":773.38,"body":"big PR zeroes, but I've got a"},{"speaker":"Unknown","startTime":770.74,"endTime":773.38,"body":"good a hold"},{"speaker":"Unknown","startTime":774.22,"endTime":778.48,"body":"up your sleeve. Oh my god, the"},{"speaker":"Unknown","startTime":774.22,"endTime":778.48,"body":"excitement"},{"speaker":"Nick Lincoln","startTime":778.48,"endTime":780.42,"body":"in front of a live"},{"speaker":"Nick Lincoln","startTime":778.48,"endTime":780.42,"body":"audience. Guys,"},{"speaker":"Unknown","startTime":780.42,"endTime":782.58,"body":"I care you guys"},{"speaker":"Unknown","startTime":780.42,"endTime":782.58,"body":"directly after this episode."},{"speaker":"Unknown","startTime":782.58,"endTime":785.4,"body":"Okay, so you, yeah,"},{"speaker":"Nick Lincoln","startTime":786.9,"endTime":789.84,"body":"okay, right. Next."},{"speaker":"Nick Lincoln","startTime":786.9,"endTime":789.84,"body":"Point Ultra, oh,"},{"speaker":"Andy Hart","startTime":790.86,"endTime":792.9,"body":"now this point I"},{"speaker":"Andy Hart","startTime":790.86,"endTime":792.9,"body":"found quite interesting. A few"},{"speaker":"Andy Hart","startTime":792.9,"endTime":795.78,"body":"moving parts for this one, but I"},{"speaker":"Andy Hart","startTime":792.9,"endTime":795.78,"body":"wasn't going to include it. Then"},{"speaker":"Andy Hart","startTime":795.78,"endTime":799.02,"body":"I saw your link Nick about the"},{"speaker":"Andy Hart","startTime":795.78,"endTime":799.02,"body":"longevity character, but you"},{"speaker":"Andy Hart","startTime":799.02,"endTime":802.22,"body":"somehow moved it. This was meant"},{"speaker":"Andy Hart","startTime":799.02,"endTime":802.22,"body":"to be a follow on point from"},{"speaker":"Andy Hart","startTime":802.22,"endTime":807.62,"body":"yours, but anyway, I'll keep it"},{"speaker":"Andy Hart","startTime":802.22,"endTime":807.62,"body":"brief. Ethel Caterham has become"},{"speaker":"Andy Hart","startTime":807.92,"endTime":813.32,"body":"the world's oldest person. She's"},{"speaker":"Andy Hart","startTime":807.92,"endTime":813.32,"body":"115 How has she become the"},{"speaker":"Andy Hart","startTime":813.32,"endTime":820.66,"body":"world's oldest person? She's not"},{"speaker":"Andy Hart","startTime":813.32,"endTime":820.66,"body":"dead, but the previous record"},{"speaker":"Andy Hart","startTime":820.66,"endTime":825.4,"body":"holder in Mexico that was a year"},{"speaker":"Andy Hart","startTime":820.66,"endTime":825.4,"body":"older than her, sadly passed"},{"speaker":"Andy Hart","startTime":825.4,"endTime":829.3,"body":"away. Obviously, it's a light"},{"speaker":"Andy Hart","startTime":825.4,"endTime":829.3,"body":"hearted story, but, you know,"},{"speaker":"Andy Hart","startTime":829.3,"endTime":832.96,"body":"congratulations to her. But this"},{"speaker":"Andy Hart","startTime":829.3,"endTime":832.96,"body":"does reconfirm our business of"},{"speaker":"Andy Hart","startTime":832.96,"endTime":835.9,"body":"people living longer and longer"},{"speaker":"Andy Hart","startTime":832.96,"endTime":835.9,"body":"and longer and longer, and it is"},{"speaker":"Andy Hart","startTime":835.9,"endTime":839.14,"body":"one of the biggest financial"},{"speaker":"Andy Hart","startTime":835.9,"endTime":839.14,"body":"risks to our clients, living"},{"speaker":"Andy Hart","startTime":839.14,"endTime":844.56,"body":"longer, retiring at pick and"},{"speaker":"Andy Hart","startTime":839.14,"endTime":844.56,"body":"age, 6065 and these days, with"},{"speaker":"Andy Hart","startTime":844.56,"endTime":847.98,"body":"longevity just racing away,"},{"speaker":"Andy Hart","startTime":844.56,"endTime":847.98,"body":"pills and potions keeping people"},{"speaker":"Andy Hart","startTime":848.34,"endTime":854.34,"body":"alive and well for a lot longer."},{"speaker":"Andy Hart","startTime":848.34,"endTime":854.34,"body":"It does, you know, reconfirm"},{"speaker":"Andy Hart","startTime":854.34,"endTime":857.94,"body":"that longevity is, is a real"},{"speaker":"Andy Hart","startTime":854.34,"endTime":857.94,"body":"issue. Do you know? Do you know"},{"speaker":"Andy Hart","startTime":857.94,"endTime":858.12,"body":"what"},{"speaker":"Unknown","startTime":858.12,"endTime":860.9,"body":"we could? We could do a"},{"speaker":"Unknown","startTime":858.12,"endTime":860.9,"body":"deep dive on this and another"},{"speaker":"Unknown","startTime":860.9,"endTime":864.44,"body":"subject, because if you read any"},{"speaker":"Unknown","startTime":860.9,"endTime":864.44,"body":"of the stuff coming out of the"},{"speaker":"Unknown","startTime":865.22,"endTime":867.44,"body":"kind of the technology"},{"speaker":"Unknown","startTime":865.22,"endTime":867.44,"body":"companies, the AI enabled"},{"speaker":"Unknown","startTime":867.44,"endTime":870.26,"body":"technology companies in the US,"},{"speaker":"Unknown","startTime":867.44,"endTime":870.26,"body":"there's an there's an"},{"speaker":"Unknown","startTime":870.26,"endTime":873.32,"body":"expectation, there's a great"},{"speaker":"Unknown","startTime":870.26,"endTime":873.32,"body":"paper written recently that"},{"speaker":"Unknown","startTime":873.32,"endTime":873.8,"body":"there's"},{"speaker":"Unknown","startTime":873.8,"endTime":875.36,"body":"within 10 years live today,"},{"speaker":"Unknown","startTime":876.98,"endTime":881.42,"body":"all diseases will be cured or"},{"speaker":"Unknown","startTime":876.98,"endTime":881.42,"body":"fixable. Cancer will be all"},{"speaker":"Unknown","startTime":881.48,"endTime":885.28,"body":"heart disease. So the impact for"},{"speaker":"Unknown","startTime":881.48,"endTime":885.28,"body":"financial planning is just"},{"speaker":"Unknown","startTime":885.28,"endTime":885.88,"body":"incredible."},{"speaker":"Carl Widger","startTime":886.059,"endTime":889.539,"body":"I heard a great"},{"speaker":"Carl Widger","startTime":886.059,"endTime":889.539,"body":"phrase, so your job now because,"},{"speaker":"Carl Widger","startTime":889.659,"endTime":892.359,"body":"because of the impact of all of"},{"speaker":"Carl Widger","startTime":889.659,"endTime":892.359,"body":"that that's going to come down"},{"speaker":"Carl Widger","startTime":892.359,"endTime":897.339,"body":"the line is, your job now is to"},{"speaker":"Carl Widger","startTime":892.359,"endTime":897.339,"body":"stay on the pitch. So just make"},{"speaker":"Carl Widger","startTime":897.339,"endTime":900.599,"body":"sure you stay alive so that"},{"speaker":"Carl Widger","startTime":897.339,"endTime":900.599,"body":"you're able to you're. Able to,"},{"speaker":"Carl Widger","startTime":900.659,"endTime":904.679,"body":"you know, unreasonably, yeah,"},{"speaker":"Carl Widger","startTime":900.659,"endTime":904.679,"body":"and just make sure that you can"},{"speaker":"Carl Widger","startTime":904.679,"endTime":905.939,"body":"avail of all these, these"},{"speaker":"Nick Lincoln","startTime":906.6,"endTime":909.3,"body":"benefits kick in,"},{"speaker":"Nick Lincoln","startTime":906.6,"endTime":909.3,"body":"yeah, yeah, exactly optimal,"},{"speaker":"Nick Lincoln","startTime":909.54,"endTime":910.14,"body":"yeah,"},{"speaker":"Carl Widger","startTime":910.2,"endTime":913.5,"body":"exactly yeah. Fund"},{"speaker":"Carl Widger","startTime":910.2,"endTime":913.5,"body":"manager that still alive that"},{"speaker":"Carl Widger","startTime":913.56,"endTime":916.5,"body":"yeah, like, like him, just stay"},{"speaker":"Carl Widger","startTime":913.56,"endTime":916.5,"body":"on the pitch."},{"speaker":"Andy Hart","startTime":917.22,"endTime":919.8,"body":"We're mentioning him"},{"speaker":"Andy Hart","startTime":917.22,"endTime":919.8,"body":"a little bit later on. That guy,"},{"speaker":"Andy Hart","startTime":919.8,"endTime":924.38,"body":"yeah, all right, yeah, but, but,"},{"speaker":"Andy Hart","startTime":919.8,"endTime":924.38,"body":"yeah. The serious note for this"},{"speaker":"Andy Hart","startTime":924.38,"endTime":928.22,"body":"is the asset allocation for long"},{"speaker":"Andy Hart","startTime":924.38,"endTime":928.22,"body":"term investing, for most people"},{"speaker":"Andy Hart","startTime":928.22,"endTime":930.74,"body":"that hit this fictitious"},{"speaker":"Andy Hart","startTime":928.22,"endTime":930.74,"body":"retirement point, and then we"},{"speaker":"Andy Hart","startTime":930.74,"endTime":934.1,"body":"just want to, you know,"},{"speaker":"Andy Hart","startTime":930.74,"endTime":934.1,"body":"obliterate their wealth over the"},{"speaker":"Andy Hart","startTime":934.1,"endTime":938.9,"body":"next few decades because some"},{"speaker":"Andy Hart","startTime":934.1,"endTime":938.9,"body":"ridiculous survey or mumbo jumbo"},{"speaker":"Andy Hart","startTime":938.9,"endTime":941.92,"body":"questionnaire said about it. Now"},{"speaker":"Andy Hart","startTime":938.9,"endTime":941.92,"body":"it's just all rolled into global"},{"speaker":"Andy Hart","startTime":941.92,"endTime":944.98,"body":"equities, the realistic class"},{"speaker":"Andy Hart","startTime":941.92,"endTime":944.98,"body":"that smashes inflation long"},{"speaker":"Andy Hart","startTime":944.98,"endTime":945.82,"body":"term. So here's"},{"speaker":"Carl Widger","startTime":945.82,"endTime":947.98,"body":"a question on this,"},{"speaker":"Carl Widger","startTime":945.82,"endTime":947.98,"body":"on this particular point. Then,"},{"speaker":"Carl Widger","startTime":947.98,"endTime":955.0,"body":"if you have a perfectly healthy"},{"speaker":"Carl Widger","startTime":947.98,"endTime":955.0,"body":"couple who are mid 60s and don't"},{"speaker":"Carl Widger","startTime":955.0,"endTime":958.42,"body":"have any dependents, yeah, and"},{"speaker":"Carl Widger","startTime":955.0,"endTime":958.42,"body":"they want to run their financial"},{"speaker":"Carl Widger","startTime":958.42,"endTime":962.58,"body":"plan until age 90 for the two of"},{"speaker":"Carl Widger","startTime":958.42,"endTime":962.58,"body":"them, because it's ridiculous"},{"speaker":"Carl Widger","startTime":962.82,"endTime":966.0,"body":"that we would run it to age 100"},{"speaker":"Carl Widger","startTime":962.82,"endTime":966.0,"body":"Yep. What do you do in that"},{"speaker":"Carl Widger","startTime":966.0,"endTime":966.54,"body":"scenario?"},{"speaker":"Unknown","startTime":969.0,"endTime":974.82,"body":"It's an art and a"},{"speaker":"Unknown","startTime":969.0,"endTime":974.82,"body":"science. Run through the impact"},{"speaker":"Unknown","startTime":974.82,"endTime":976.74,"body":"and consequences what it to be."},{"speaker":"Unknown","startTime":974.82,"endTime":976.74,"body":"Well,"},{"speaker":"Nick Lincoln","startTime":976.8,"endTime":981.02,"body":"actually, my"},{"speaker":"Nick Lincoln","startTime":976.8,"endTime":981.02,"body":"longevity point might cover that"},{"speaker":"Nick Lincoln","startTime":981.02,"endTime":981.62,"body":"off. Carl,"},{"speaker":"Unknown","startTime":982.04,"endTime":982.7,"body":"Okay, thanks, Nick,"},{"speaker":"Andy Hart","startTime":982.7,"endTime":985.76,"body":"can you do this after"},{"speaker":"Andy Hart","startTime":982.7,"endTime":985.76,"body":"I bring up the pointless one"},{"speaker":"Andy Hart","startTime":985.76,"endTime":988.1,"body":"about the lady living to the are"},{"speaker":"Nick Lincoln","startTime":988.1,"endTime":989.84,"body":"you still doing"},{"speaker":"Nick Lincoln","startTime":988.1,"endTime":989.84,"body":"it? Sorry, I'm still doing it."},{"speaker":"Nick Lincoln","startTime":989.84,"endTime":990.68,"body":"Yeah, so"},{"speaker":"Unknown","startTime":993.26,"endTime":996.38,"body":"I saw the notes crack"},{"speaker":"Unknown","startTime":993.26,"endTime":996.38,"body":"on. Nick, it's great."},{"speaker":"Nick Lincoln","startTime":1027.8,"endTime":1030.7,"body":"Now then, yeah,"},{"speaker":"Nick Lincoln","startTime":1027.8,"endTime":1030.7,"body":"yeah. Oh, okay, good, right?"},{"speaker":"Nick Lincoln","startTime":1030.7,"endTime":1034.3600000000001,"body":"Well, longevity illustrator,"},{"speaker":"Nick Lincoln","startTime":1030.7,"endTime":1034.3600000000001,"body":"this is an American site, so you"},{"speaker":"Nick Lincoln","startTime":1034.3600000000001,"endTime":1038.8,"body":"have to look at that through the"},{"speaker":"Nick Lincoln","startTime":1034.3600000000001,"endTime":1038.8,"body":"prism of American stats. But"},{"speaker":"Nick Lincoln","startTime":1039.16,"endTime":1042.76,"body":"this is a great, easy to use"},{"speaker":"Nick Lincoln","startTime":1039.16,"endTime":1042.76,"body":"site. You put in your client's"},{"speaker":"Nick Lincoln","startTime":1042.76,"endTime":1046.96,"body":"ages. You can do a single life."},{"speaker":"Nick Lincoln","startTime":1042.76,"endTime":1046.96,"body":"You can do a couple. You can do,"},{"speaker":"Nick Lincoln","startTime":1047.2,"endTime":1049.48,"body":"are they in retirement? If not,"},{"speaker":"Nick Lincoln","startTime":1047.2,"endTime":1049.48,"body":"what age are they planning to"},{"speaker":"Nick Lincoln","startTime":1049.48,"endTime":1051.72,"body":"retire? You can put in their"},{"speaker":"Nick Lincoln","startTime":1049.48,"endTime":1051.72,"body":"state of health, you know, poor,"},{"speaker":"Nick Lincoln","startTime":1051.72,"endTime":1054.36,"body":"average or excellent. Do they"},{"speaker":"Nick Lincoln","startTime":1051.72,"endTime":1054.36,"body":"smoke or not smoke? And it will"},{"speaker":"Nick Lincoln","startTime":1054.36,"endTime":1057.6599999999999,"body":"come back with various graphs."},{"speaker":"Nick Lincoln","startTime":1054.36,"endTime":1057.6599999999999,"body":"How likely a married couple,"},{"speaker":"Nick Lincoln","startTime":1058.08,"endTime":1060.42,"body":"because that's the most"},{"speaker":"Nick Lincoln","startTime":1058.08,"endTime":1060.42,"body":"instances. We're going to use it"},{"speaker":"Nick Lincoln","startTime":1060.48,"endTime":1063.6,"body":"with real clients, how often a"},{"speaker":"Nick Lincoln","startTime":1060.48,"endTime":1063.6,"body":"married couple, how long one of"},{"speaker":"Nick Lincoln","startTime":1063.6,"endTime":1066.12,"body":"them will survive? 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My hat tip. Essays come"},{"speaker":"Nick Lincoln","startTime":1080.24,"endTime":1083.12,"body":"out this afternoon. Hat tip."},{"speaker":"Nick Lincoln","startTime":1083.12,"endTime":1086.78,"body":"Nick.com do sign up about this"},{"speaker":"Nick Lincoln","startTime":1083.12,"endTime":1086.78,"body":"longevity problem. A male age"},{"speaker":"Nick Lincoln","startTime":1086.78,"endTime":1090.82,"body":"60, retiring at 60, female"},{"speaker":"Nick Lincoln","startTime":1086.78,"endTime":1090.82,"body":"retiring at 58 husband and wife."},{"speaker":"Nick Lincoln","startTime":1090.82,"endTime":1094.8999999999999,"body":"50% chance one of them's going"},{"speaker":"Nick Lincoln","startTime":1090.82,"endTime":1094.8999999999999,"body":"to live for 35 years. Yeah,"},{"speaker":"Nick Lincoln","startTime":1094.8999999999999,"endTime":1097.3,"body":"just, just going to have. And"},{"speaker":"Nick Lincoln","startTime":1094.8999999999999,"endTime":1097.3,"body":"what I think is nice about this"},{"speaker":"Nick Lincoln","startTime":1097.3,"endTime":1099.58,"body":"tool is you could use it with"},{"speaker":"Nick Lincoln","startTime":1097.3,"endTime":1099.58,"body":"the actual car you could use it"},{"speaker":"Nick Lincoln","startTime":1099.58,"endTime":1101.92,"body":"with your actual clients, and"},{"speaker":"Nick Lincoln","startTime":1099.58,"endTime":1101.92,"body":"just put their dates per in"},{"speaker":"Nick Lincoln","startTime":1101.92,"endTime":1104.68,"body":"their ages and their names, and"},{"speaker":"Nick Lincoln","startTime":1101.92,"endTime":1104.68,"body":"it gives a nice little PDF"},{"speaker":"Nick Lincoln","startTime":1104.86,"endTime":1107.44,"body":"report. Carl can use this"},{"speaker":"Nick Lincoln","startTime":1104.86,"endTime":1107.44,"body":"calculator. Well, no, his team"},{"speaker":"Nick Lincoln","startTime":1107.44,"endTime":1115.56,"body":"would stamps or something. But"},{"speaker":"Nick Lincoln","startTime":1107.44,"endTime":1115.56,"body":"absolutely, and it just brings"},{"speaker":"Nick Lincoln","startTime":1115.68,"endTime":1118.86,"body":"it, just brings it to life. Now"},{"speaker":"Nick Lincoln","startTime":1115.68,"endTime":1118.86,"body":"it's based on us stats, so you"},{"speaker":"Nick Lincoln","startTime":1118.86,"endTime":1120.96,"body":"might get some pushback from"},{"speaker":"Nick Lincoln","startTime":1118.86,"endTime":1120.96,"body":"that. But, you know, this is"},{"speaker":"Nick Lincoln","startTime":1120.96,"endTime":1124.08,"body":"pretty similar. I would imagine"},{"speaker":"Nick Lincoln","startTime":1120.96,"endTime":1124.08,"body":"that charity rates to us. I"},{"speaker":"Nick Lincoln","startTime":1124.08,"endTime":1127.2,"body":"mean, this thing about them"},{"speaker":"Nick Lincoln","startTime":1124.08,"endTime":1127.2,"body":"being big, big people. I mean,"},{"speaker":"Nick Lincoln","startTime":1127.2,"endTime":1129.3,"body":"if you walk on High Street in"},{"speaker":"Nick Lincoln","startTime":1127.2,"endTime":1129.3,"body":"the UK, for Christ's sake, go,"},{"speaker":"Nick Lincoln","startTime":1129.36,"endTime":1132.3799999999999,"body":"I'm gonna go long Dunkin Donuts"},{"speaker":"Nick Lincoln","startTime":1129.36,"endTime":1132.3799999999999,"body":"and tattoo parlors if I come"},{"speaker":"Nick Lincoln","startTime":1132.3799999999999,"endTime":1134.3,"body":"back in a future life. So I"},{"speaker":"Nick Lincoln","startTime":1132.3799999999999,"endTime":1134.3,"body":"don't think there's much"},{"speaker":"Nick Lincoln","startTime":1134.3,"endTime":1136.58,"body":"difference. 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And the wife is 58 they"},{"speaker":"Nick Lincoln","startTime":1148.58,"endTime":1151.06,"body":"just cannot imagine they're"},{"speaker":"Nick Lincoln","startTime":1148.58,"endTime":1151.06,"body":"gonna be around in 35 years"},{"speaker":"Nick Lincoln","startTime":1151.06,"endTime":1151.24,"body":"time."},{"speaker":"Unknown","startTime":1153.1,"endTime":1156.1,"body":"But, by definition, but"},{"speaker":"Unknown","startTime":1153.1,"endTime":1156.1,"body":"these are historical it's"},{"speaker":"Unknown","startTime":1156.1,"endTime":1156.94,"body":"historical data."},{"speaker":"Andy Hart","startTime":1156.94,"endTime":1158.8,"body":"There's no facts"},{"speaker":"Andy Hart","startTime":1156.94,"endTime":1158.8,"body":"about the future which is going"},{"speaker":"Andy Hart","startTime":1158.8,"endTime":1160.72,"body":"on. 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But"},{"speaker":"Andy Hart","startTime":1286.72,"endTime":1288.82,"body":"you can see the"},{"speaker":"Andy Hart","startTime":1286.72,"endTime":1288.82,"body":"chinks in the human mind with"},{"speaker":"Andy Hart","startTime":1288.82,"endTime":1291.84,"body":"our real clients. Back to your"},{"speaker":"Andy Hart","startTime":1288.82,"endTime":1291.84,"body":"point. Carl, you sit down with a"},{"speaker":"Andy Hart","startTime":1291.84,"endTime":1294.78,"body":"client and say, you know, here's"},{"speaker":"Andy Hart","startTime":1291.84,"endTime":1294.78,"body":"a forecast. I'm, you know, I'm"},{"speaker":"Andy Hart","startTime":1294.78,"endTime":1297.54,"body":"popping you guys at age 90 100,"},{"speaker":"Andy Hart","startTime":1294.78,"endTime":1297.54,"body":"they spent the first 10 minutes"},{"speaker":"Andy Hart","startTime":1297.54,"endTime":1299.76,"body":"the meeting telling you about"},{"speaker":"Andy Hart","startTime":1297.54,"endTime":1299.76,"body":"the mum and dad, who's still"},{"speaker":"Andy Hart","startTime":1299.76,"endTime":1301.98,"body":"alive, and they've got problems,"},{"speaker":"Andy Hart","startTime":1299.76,"endTime":1301.98,"body":"and they're thinking about"},{"speaker":"Andy Hart","startTime":1301.98,"endTime":1305.04,"body":"putting into a care home, and"},{"speaker":"Andy Hart","startTime":1301.98,"endTime":1305.04,"body":"he's 9293 and then when you say,"},{"speaker":"Andy Hart","startTime":1305.04,"endTime":1307.74,"body":"Oh, I think you're going to live"},{"speaker":"Andy Hart","startTime":1305.04,"endTime":1307.74,"body":"to 90, no chance. Andy, I'm, you"},{"speaker":"Andy Hart","startTime":1307.74,"endTime":1310.08,"body":"know, I'm going to pop it early,"},{"speaker":"Andy Hart","startTime":1307.74,"endTime":1310.08,"body":"even though they told you for 10"},{"speaker":"Andy Hart","startTime":1310.08,"endTime":1312.74,"body":"minutes about their parents"},{"speaker":"Andy Hart","startTime":1310.08,"endTime":1312.74,"body":"living longer and long. And I"},{"speaker":"Andy Hart","startTime":1312.74,"endTime":1317.8999999999999,"body":"said, Look, your mum is 92 in"},{"speaker":"Andy Hart","startTime":1312.74,"endTime":1317.8999999999999,"body":"2025 by the time you get there"},{"speaker":"Andy Hart","startTime":1317.8999999999999,"endTime":1320.6,"body":"with all these pills and potions"},{"speaker":"Andy Hart","startTime":1317.8999999999999,"endTime":1320.6,"body":"like you might be here for a"},{"speaker":"Andy Hart","startTime":1320.6,"endTime":1323.06,"body":"long, long time. That's the"},{"speaker":"Andy Hart","startTime":1320.6,"endTime":1323.06,"body":"ozempic,"},{"speaker":"Unknown","startTime":1323.12,"endTime":1325.1599999999999,"body":"the guess. Yeah, so,"},{"speaker":"Nick Lincoln","startTime":1325.1599999999999,"endTime":1327.2,"body":"Carl, what did you"},{"speaker":"Nick Lincoln","startTime":1325.1599999999999,"endTime":1327.2,"body":"tell these clients who wanted to"},{"speaker":"Nick Lincoln","startTime":1327.2,"endTime":1329.18,"body":"push them their mortality to 90"},{"speaker":"Nick Lincoln","startTime":1327.2,"endTime":1329.18,"body":"down"},{"speaker":"Carl Widger","startTime":1329.18,"endTime":1334.72,"body":"to 80? I forgot."},{"speaker":"Carl Widger","startTime":1329.18,"endTime":1334.72,"body":"No, I, I, we had kind of long"},{"speaker":"Carl Widger","startTime":1334.72,"endTime":1337.3,"body":"conversations about it. Now,"},{"speaker":"Carl Widger","startTime":1334.72,"endTime":1337.3,"body":"they did have some property"},{"speaker":"Carl Widger","startTime":1337.3,"endTime":1341.08,"body":"assets in their balance sheet."},{"speaker":"Carl Widger","startTime":1337.3,"endTime":1341.08,"body":"So I suppose the"},{"speaker":"Unknown","startTime":1341.08,"endTime":1342.6399999999999,"body":"you were gonna say"},{"speaker":"Unknown","startTime":1341.08,"endTime":1342.6399999999999,"body":"Trsa, then when you"},{"speaker":"Carl Widger","startTime":1347.44,"endTime":1350.2,"body":"we clearly are the"},{"speaker":"Carl Widger","startTime":1347.44,"endTime":1350.2,"body":"only four people who think this"},{"speaker":"Carl Widger","startTime":1350.2,"endTime":1353.22,"body":"is funny, by the way, but"},{"speaker":"Carl Widger","startTime":1350.2,"endTime":1353.22,"body":"anyway, you know, they could,"},{"speaker":"Carl Widger","startTime":1353.28,"endTime":1357.24,"body":"they could sell, they could sell"},{"speaker":"Carl Widger","startTime":1353.28,"endTime":1357.24,"body":"some of the properties out of,"},{"speaker":"Carl Widger","startTime":1357.3,"endTime":1363.18,"body":"out of their portfolio to fund"},{"speaker":"Carl Widger","startTime":1357.3,"endTime":1363.18,"body":"lifestyle. But, yeah, it was, it"},{"speaker":"Carl Widger","startTime":1363.18,"endTime":1366.6599999999999,"body":"was a tricky one, because they"},{"speaker":"Carl Widger","startTime":1363.18,"endTime":1366.6599999999999,"body":"were like, This is what we're"},{"speaker":"Carl Widger","startTime":1366.6599999999999,"endTime":1367.1399999999999,"body":"gonna do. You"},{"speaker":"Andy Hart","startTime":1367.1399999999999,"endTime":1369.48,"body":"notice anyway, Nick,"},{"speaker":"Andy Hart","startTime":1367.1399999999999,"endTime":1369.48,"body":"if you, if you forecast to 100"},{"speaker":"Andy Hart","startTime":1369.84,"endTime":1372.2,"body":"then they're gonna be okay"},{"speaker":"Andy Hart","startTime":1369.84,"endTime":1372.2,"body":"financially, based on one life"},{"speaker":"Andy Hart","startTime":1372.2,"endTime":1374.48,"body":"by 90 they're going to be"},{"speaker":"Andy Hart","startTime":1372.2,"endTime":1374.48,"body":"absolutely fine if they've run"},{"speaker":"Andy Hart","startTime":1374.48,"endTime":1377.3,"body":"out of money. Obviously, it's a"},{"speaker":"Andy Hart","startTime":1374.48,"endTime":1377.3,"body":"slightly different conversation."},{"speaker":"Andy Hart","startTime":1377.3,"endTime":1380.48,"body":"I sometimes create what if plans"},{"speaker":"Andy Hart","startTime":1377.3,"endTime":1380.48,"body":"or I kill them a lot later,"},{"speaker":"Andy Hart","startTime":1380.48,"endTime":1383.42,"body":"called exponential life that I'm"},{"speaker":"Andy Hart","startTime":1380.48,"endTime":1383.42,"body":"having one eye on this, but"},{"speaker":"Andy Hart","startTime":1383.42,"endTime":1386.18,"body":"that's probably too much for"},{"speaker":"Andy Hart","startTime":1383.42,"endTime":1386.18,"body":"this conversation. 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And so we ran,"},{"speaker":"Unknown","startTime":1405.52,"endTime":1408.76,"body":"I don't know if you've ever run"},{"speaker":"Unknown","startTime":1405.52,"endTime":1408.76,"body":"a cash flow model for anyone"},{"speaker":"Unknown","startTime":1408.76,"endTime":1412.68,"body":"with you know, even assuming 100"},{"speaker":"Unknown","startTime":1408.76,"endTime":1412.68,"body":"Yeah, you've got these, like"},{"speaker":"Unknown","startTime":1412.98,"endTime":1413.6399999999999,"body":"lock we"},{"speaker":"Andy Hart","startTime":1413.6399999999999,"endTime":1416.34,"body":"work with life homes."},{"speaker":"Unknown","startTime":1417.6589999999999,"endTime":1421.6789999999999,"body":"93 you're 93 and you"},{"speaker":"Unknown","startTime":1417.6589999999999,"endTime":1421.6789999999999,"body":"don't 100. So you've literally"},{"speaker":"Unknown","startTime":1421.6789999999999,"endTime":1422.339,"body":"got these 710"},{"speaker":"Unknown","startTime":1423.36,"endTime":1426.3,"body":"because I'm not gonna make"},{"speaker":"Unknown","startTime":1423.36,"endTime":1426.3,"body":"years, the years are the years,"},{"speaker":"Unknown","startTime":1426.3,"endTime":1429.96,"body":"the whole page. So yeah. And"},{"speaker":"Unknown","startTime":1426.3,"endTime":1429.96,"body":"even then he was worried about,"},{"speaker":"Unknown","startTime":1429.96,"endTime":1434.0,"body":"what if inflation goes up. We're"},{"speaker":"Unknown","startTime":1429.96,"endTime":1434.0,"body":"going, mate, if you and you got"},{"speaker":"Unknown","startTime":1434.0,"endTime":1437.6,"body":"no return whatsoever, you're"},{"speaker":"Unknown","startTime":1434.0,"endTime":1437.6,"body":"still going to be okay. 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Sorry, go on, Nick I've"},{"speaker":"Nick Lincoln","startTime":1448.1,"endTime":1450.82,"body":"done longevity, so, yes, ultra"},{"speaker":"Nick Lincoln","startTime":1448.1,"endTime":1450.82,"body":"Sorry, mate, your, what's it"},{"speaker":"Nick Lincoln","startTime":1450.82,"endTime":1452.1399999999999,"body":"called to what's your thing?"},{"speaker":"Nick Lincoln","startTime":1450.82,"endTime":1452.1399999999999,"body":"It's"},{"speaker":"Andy Hart","startTime":1452.2,"endTime":1455.5,"body":"a free advertisement."},{"speaker":"Andy Hart","startTime":1452.2,"endTime":1455.5,"body":"Advertisement. Bell goes off."},{"speaker":"Andy Hart","startTime":1455.56,"endTime":1460.36,"body":"It's my conference humans, under"},{"speaker":"Andy Hart","startTime":1455.56,"endTime":1460.36,"body":"management, I've hit your own"},{"speaker":"Andy Hart","startTime":1460.36,"endTime":1463.3,"body":"corner. 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So we're on it back"},{"speaker":"Andy Hart","startTime":1490.34,"endTime":1491.18,"body":"to you, Nick."},{"speaker":"Unknown","startTime":1491.24,"endTime":1494.24,"body":"Nick and I have both"},{"speaker":"Unknown","startTime":1491.24,"endTime":1494.24,"body":"been out there as international"},{"speaker":"Unknown","startTime":1494.3,"endTime":1497.3,"body":"keynote speakers when you both,"},{"speaker":"Unknown","startTime":1494.3,"endTime":1497.3,"body":"when you're inviting our"},{"speaker":"Unknown","startTime":1497.3,"endTime":1498.02,"body":"correspondent"},{"speaker":"Carl Widger","startTime":1498.02,"endTime":1505.28,"body":"from Lima, because"},{"speaker":"Carl Widger","startTime":1498.02,"endTime":1505.28,"body":"the London anymore, every year,"},{"speaker":"Carl Widger","startTime":1505.28,"endTime":1508.7,"body":"every year he falls at some"},{"speaker":"Carl Widger","startTime":1505.28,"endTime":1508.7,"body":"stage, he goes, Yeah, yeah, I'll"},{"speaker":"Carl Widger","startTime":1508.7,"endTime":1511.84,"body":"get you over next year, next"},{"speaker":"Carl Widger","startTime":1508.7,"endTime":1511.84,"body":"year. Carl, No, he won't."},{"speaker":"Unknown","startTime":1513.1,"endTime":1515.02,"body":"Did you boys enjoy your"},{"speaker":"Unknown","startTime":1513.1,"endTime":1515.02,"body":"time in Cape Town?"},{"speaker":"Carl Widger","startTime":1516.46,"endTime":1519.1599999999999,"body":"It's all right."},{"speaker":"Carl Widger","startTime":1516.46,"endTime":1519.1599999999999,"body":"It's okay. Myself and Nick"},{"speaker":"Carl Widger","startTime":1519.1599999999999,"endTime":1521.56,"body":"aren't sure about what happened"},{"speaker":"Carl Widger","startTime":1519.1599999999999,"endTime":1521.56,"body":"with you guys. Remember"},{"speaker":"Nick Lincoln","startTime":1567.6999999999998,"endTime":1569.6799999999998,"body":"the food and wine"},{"speaker":"Nick Lincoln","startTime":1567.6999999999998,"endTime":1569.6799999999998,"body":"is lovely in the company was"},{"speaker":"Nick Lincoln","startTime":1569.6799999999998,"endTime":1573.2199999999998,"body":"lovely the Yeah, South Africa."},{"speaker":"Nick Lincoln","startTime":1569.6799999999998,"endTime":1573.2199999999998,"body":"South Africa has got its issues,"},{"speaker":"Nick Lincoln","startTime":1573.3999999999999,"endTime":1574.7199999999998,"body":"and sleeping at that."},{"speaker":"Andy Hart","startTime":1574.9599999999998,"endTime":1577.56,"body":"Yeah, and is it"},{"speaker":"Andy Hart","startTime":1574.9599999999998,"endTime":1577.56,"body":"about. Amazing place. Alan, did"},{"speaker":"Andy Hart","startTime":1577.62,"endTime":1577.7399999999998,"body":"you"},{"speaker":"Unknown","startTime":1577.7399999999998,"endTime":1581.04,"body":"enjoy it's amazing."},{"speaker":"Unknown","startTime":1577.7399999999998,"endTime":1581.04,"body":"What do you call that wine place"},{"speaker":"Unknown","startTime":1581.04,"endTime":1584.6999999999998,"body":"we went to? Oh, graph. Graph,"},{"speaker":"Unknown","startTime":1581.04,"endTime":1584.6999999999998,"body":"wine reserve, Stella, Bucha,"},{"speaker":"Unknown","startTime":1584.6999999999998,"endTime":1588.78,"body":"yeah, beautiful, yes, finest"},{"speaker":"Unknown","startTime":1584.6999999999998,"endTime":1588.78,"body":"places I've ever been"},{"speaker":"Andy Hart","startTime":1588.78,"endTime":1591.1799999999998,"body":"to. Very nice when"},{"speaker":"Andy Hart","startTime":1588.78,"endTime":1591.1799999999998,"body":"you go there. It's like one of"},{"speaker":"Andy Hart","startTime":1591.1799999999998,"endTime":1593.58,"body":"your best, best days of the year"},{"speaker":"Andy Hart","startTime":1591.1799999999998,"endTime":1593.58,"body":"for for sure. All right, moving"},{"speaker":"Andy Hart","startTime":1593.58,"endTime":1595.56,"body":"on. Thank you very much."},{"speaker":"Andy Hart","startTime":1593.58,"endTime":1595.56,"body":"Everyone. Check it out. Thank"},{"speaker":"Andy Hart","startTime":1595.56,"endTime":1597.08,"body":"you, Alan, over to you,"},{"speaker":"Andy Hart","startTime":1595.56,"endTime":1597.08,"body":"Vanguard,"},{"speaker":"Unknown","startTime":1599.7199999999998,"endTime":1603.5,"body":"friends of the podcast,"},{"speaker":"Unknown","startTime":1599.7199999999998,"endTime":1603.5,"body":"keep it at that for the moment."},{"speaker":"Unknown","startTime":1603.86,"endTime":1608.3,"body":"Vanguard well known to everyone"},{"speaker":"Unknown","startTime":1603.86,"endTime":1608.3,"body":"else. I just happen to know. I"},{"speaker":"Unknown","startTime":1608.36,"endTime":1611.12,"body":"just happened to come across"},{"speaker":"Unknown","startTime":1608.36,"endTime":1611.12,"body":"this thing the other day."},{"speaker":"Unknown","startTime":1611.6599999999999,"endTime":1615.56,"body":"Vanguard have got effective. I"},{"speaker":"Unknown","startTime":1611.6599999999999,"endTime":1615.56,"body":"think they call it volatility"},{"speaker":"Unknown","startTime":1615.56,"endTime":1618.4599999999998,"body":"hub. 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I found it quite"},{"speaker":"Unknown","startTime":1648.6,"endTime":1651.4799999999998,"body":"useful, quite interesting, quite"},{"speaker":"Unknown","startTime":1651.4799999999998,"endTime":1653.9399999999998,"body":"helpful. That was it good"},{"speaker":"Nick Lincoln","startTime":1653.9399999999998,"endTime":1655.9199999999998,"body":"stuff? And I do do"},{"speaker":"Nick Lincoln","startTime":1653.9399999999998,"endTime":1655.9199999999998,"body":"a lot of good stuff for"},{"speaker":"Nick Lincoln","startTime":1655.9199999999998,"endTime":1658.1599999999999,"body":"advisors. Actually, it's quite a"},{"speaker":"Nick Lincoln","startTime":1655.9199999999998,"endTime":1658.1599999999999,"body":"good resource to lean on."},{"speaker":"Andy Hart","startTime":1658.3999999999999,"endTime":1660.6799999999998,"body":"Okay, final point on"},{"speaker":"Andy Hart","startTime":1658.3999999999999,"endTime":1660.6799999999998,"body":"that Nick You do need to"},{"speaker":"Andy Hart","startTime":1660.6799999999998,"endTime":1664.1,"body":"actually sign up and subscribe."},{"speaker":"Andy Hart","startTime":1660.6799999999998,"endTime":1664.1,"body":"I'd recommend doing it, because"},{"speaker":"Andy Hart","startTime":1664.1,"endTime":1666.7399999999998,"body":"they have a load of other"},{"speaker":"Andy Hart","startTime":1664.1,"endTime":1666.7399999999998,"body":"different resources. So fill in"},{"speaker":"Andy Hart","startTime":1666.7399999999998,"endTime":1668.7199999999998,"body":"their sort of sign up thing."},{"speaker":"Andy Hart","startTime":1666.7399999999998,"endTime":1668.7199999999998,"body":"When"},{"speaker":"Nick Lincoln","startTime":1668.7199999999998,"endTime":1670.6999999999998,"body":"you go onto that"},{"speaker":"Nick Lincoln","startTime":1668.7199999999998,"endTime":1670.6999999999998,"body":"website, you'll find a box pops"},{"speaker":"Nick Lincoln","startTime":1670.6999999999998,"endTime":1675.56,"body":"up and you need to put your name"},{"speaker":"Nick Lincoln","startTime":1670.6999999999998,"endTime":1675.56,"body":"and your surname in your company"},{"speaker":"Nick Lincoln","startTime":1675.56,"endTime":1679.6599999999999,"body":"name. But yeah, you need to log"},{"speaker":"Nick Lincoln","startTime":1675.56,"endTime":1679.6599999999999,"body":"in. Okay, very good. And thank"},{"speaker":"Nick Lincoln","startTime":1679.6599999999999,"endTime":1683.56,"body":"God you're here right. Watch"},{"speaker":"Nick Lincoln","startTime":1679.6599999999999,"endTime":1683.56,"body":"podcast YouTube creators. Yeah,"},{"speaker":"Carl Widger","startTime":1683.56,"endTime":1687.2199999999998,"body":"I so I'm in the"},{"speaker":"Carl Widger","startTime":1683.56,"endTime":1687.2199999999998,"body":"meta studio here today, but I"},{"speaker":"Carl Widger","startTime":1687.2199999999998,"endTime":1692.1399999999999,"body":"was doing another interview for"},{"speaker":"Carl Widger","startTime":1687.2199999999998,"endTime":1692.1399999999999,"body":"our third act series, and I"},{"speaker":"Carl Widger","startTime":1692.1399999999999,"endTime":1696.2399999999998,"body":"found a place I've put a link to"},{"speaker":"Carl Widger","startTime":1692.1399999999999,"endTime":1696.2399999999998,"body":"in the show notes to it, just if"},{"speaker":"Carl Widger","startTime":1696.2399999999998,"endTime":1699.4199999999998,"body":"anybody needs a studio in"},{"speaker":"Carl Widger","startTime":1696.2399999999998,"endTime":1699.4199999999998,"body":"Dublin, it was a really cool"},{"speaker":"Carl Widger","startTime":1699.4199999999998,"endTime":1702.4199999999998,"body":"spot. But, and the reason I kind"},{"speaker":"Carl Widger","startTime":1699.4199999999998,"endTime":1702.4199999999998,"body":"of mentioned it is I know Alan"},{"speaker":"Carl Widger","startTime":1702.4199999999998,"endTime":1709.6799999999998,"body":"has literally just fresh out of"},{"speaker":"Carl Widger","startTime":1702.4199999999998,"endTime":1709.6799999999998,"body":"the box a new episode for the"},{"speaker":"Carl Widger","startTime":1710.8799999999999,"endTime":1714.1799999999998,"body":"entrepreneur. You"},{"speaker":"Andy Hart","startTime":1714.1799999999998,"endTime":1717.62,"body":"guys winning podcast,"},{"speaker":"Andy Hart","startTime":1714.1799999999998,"endTime":1717.62,"body":"you both on other podcasts."},{"speaker":"Carl Widger","startTime":1717.6799999999998,"endTime":1720.26,"body":"I don't, I don't. I"},{"speaker":"Carl Widger","startTime":1717.6799999999998,"endTime":1720.26,"body":"just did. I'm doing a kind of,"},{"speaker":"Carl Widger","startTime":1720.62,"endTime":1724.04,"body":"okay, the third act is just for"},{"speaker":"Carl Widger","startTime":1720.62,"endTime":1724.04,"body":"clients. Really just clients"},{"speaker":"Carl Widger","startTime":1724.1,"endTime":1730.52,"body":"story. But Alan's gone into a"},{"speaker":"Carl Widger","startTime":1724.1,"endTime":1730.52,"body":"new studio, and that interview"},{"speaker":"Carl Widger","startTime":1730.52,"endTime":1734.12,"body":"you did with that guy was"},{"speaker":"Carl Widger","startTime":1730.52,"endTime":1734.12,"body":"absolutely outstanding. He is"},{"speaker":"Carl Widger","startTime":1734.12,"endTime":1738.1599999999999,"body":"seriously impressive. Thank God"},{"speaker":"Carl Widger","startTime":1734.12,"endTime":1738.1599999999999,"body":"for it. Yeah, yeah, he really"},{"speaker":"Carl Widger","startTime":1738.1599999999999,"endTime":1741.6399999999999,"body":"is. And he just just a great"},{"speaker":"Carl Widger","startTime":1738.1599999999999,"endTime":1741.6399999999999,"body":"story. And like, people telling"},{"speaker":"Carl Widger","startTime":1741.6399999999999,"endTime":1746.9799999999998,"body":"stories is just such a great way"},{"speaker":"Carl Widger","startTime":1741.6399999999999,"endTime":1746.9799999999998,"body":"of extolling the virtues of what"},{"speaker":"Carl Widger","startTime":1746.9799999999998,"endTime":1749.32,"body":"we're trying to do here. And"},{"speaker":"Carl Widger","startTime":1746.9799999999998,"endTime":1749.32,"body":"it's much more interesting than"},{"speaker":"Carl Widger","startTime":1750.1599999999999,"endTime":1753.58,"body":"anything else. And and my point"},{"speaker":"Carl Widger","startTime":1750.1599999999999,"endTime":1753.58,"body":"here is there are so many"},{"speaker":"Carl Widger","startTime":1753.58,"endTime":1757.8,"body":"studios available, and I think"},{"speaker":"Carl Widger","startTime":1753.58,"endTime":1757.8,"body":"the studio I priced up a couple"},{"speaker":"Carl Widger","startTime":1757.8,"endTime":1760.56,"body":"of them, and some were"},{"speaker":"Carl Widger","startTime":1757.8,"endTime":1760.56,"body":"ridiculous prices. Now I got, I"},{"speaker":"Carl Widger","startTime":1760.56,"endTime":1764.76,"body":"got an hour for 300 quid, like"},{"speaker":"Carl Widger","startTime":1760.56,"endTime":1764.76,"body":"you can do this, and I'm sure"},{"speaker":"Carl Widger","startTime":1764.76,"endTime":1766.9799999999998,"body":"they would have given us great"},{"speaker":"Carl Widger","startTime":1764.76,"endTime":1766.9799999999998,"body":"value if we took it for a day,"},{"speaker":"Carl Widger","startTime":1766.9799999999998,"endTime":1770.52,"body":"or something like that. You can"},{"speaker":"Carl Widger","startTime":1766.9799999999998,"endTime":1770.52,"body":"do this stuff. You can you can"},{"speaker":"Carl Widger","startTime":1770.52,"endTime":1773.76,"body":"start producing your own"},{"speaker":"Carl Widger","startTime":1770.52,"endTime":1773.76,"body":"content. Do not let it hold you"},{"speaker":"Carl Widger","startTime":1773.76,"endTime":1777.5,"body":"back. I don't see enough of it."},{"speaker":"Carl Widger","startTime":1773.76,"endTime":1777.5,"body":"I don't see enough financial"},{"speaker":"Carl Widger","startTime":1777.5,"endTime":1780.6799999999998,"body":"planners, you know, getting"},{"speaker":"Carl Widger","startTime":1777.5,"endTime":1780.6799999999998,"body":"stories told. Are trying to even"},{"speaker":"Carl Widger","startTime":1780.6799999999998,"endTime":1784.76,"body":"tell the story of their own"},{"speaker":"Carl Widger","startTime":1780.6799999999998,"endTime":1784.76,"body":"business. And I promise you,"},{"speaker":"Carl Widger","startTime":1784.76,"endTime":1787.76,"body":"it's, it's, it's, you know, look"},{"speaker":"Carl Widger","startTime":1784.76,"endTime":1787.76,"body":"at, look at the success of this"},{"speaker":"Carl Widger","startTime":1787.76,"endTime":1791.2399999999998,"body":"podcast. I mean, we're just,"},{"speaker":"Carl Widger","startTime":1787.76,"endTime":1791.2399999999998,"body":"it's so amateurish, and people,"},{"speaker":"Carl Widger","startTime":1791.54,"endTime":1795.8,"body":"you know, tune in regularly. It"},{"speaker":"Carl Widger","startTime":1791.54,"endTime":1795.8,"body":"is, it is. It's probably part of"},{"speaker":"Carl Widger","startTime":1795.8,"endTime":1798.6999999999998,"body":"the charm of it. But just go and"},{"speaker":"Carl Widger","startTime":1795.8,"endTime":1798.6999999999998,"body":"do it. Folks, just go"},{"speaker":"Unknown","startTime":1798.6999999999998,"endTime":1801.1599999999999,"body":"and do me. You make it."},{"speaker":"Unknown","startTime":1798.6999999999998,"endTime":1801.1599999999999,"body":"You make a great shambles. You"},{"speaker":"Unknown","startTime":1801.1599999999999,"endTime":1803.32,"body":"make a great point, actually."},{"speaker":"Unknown","startTime":1801.1599999999999,"endTime":1803.32,"body":"And you're right. So I've had"},{"speaker":"Unknown","startTime":1803.32,"endTime":1806.1999999999998,"body":"this other podcast going for"},{"speaker":"Unknown","startTime":1803.32,"endTime":1806.1999999999998,"body":"about the same time as we"},{"speaker":"Unknown","startTime":1806.1999999999998,"endTime":1810.2199999999998,"body":"running trap, and it's always"},{"speaker":"Unknown","startTime":1806.1999999999998,"endTime":1810.2199999999998,"body":"been like this. It's been"},{"speaker":"Unknown","startTime":1810.2199999999998,"endTime":1813.58,"body":"Riverside video recordings, and"},{"speaker":"Unknown","startTime":1810.2199999999998,"endTime":1813.58,"body":"it's been fine. And then I took"},{"speaker":"Unknown","startTime":1813.58,"endTime":1816.28,"body":"a break from it for a couple of"},{"speaker":"Unknown","startTime":1813.58,"endTime":1816.28,"body":"months, and I was just thinking,"},{"speaker":"Unknown","startTime":1816.52,"endTime":1819.84,"body":"do I yeah, maybe it's like,"},{"speaker":"Unknown","startTime":1816.52,"endTime":1819.84,"body":"like, Nick, Nick and Andy, as"},{"speaker":"Unknown","startTime":1819.84,"endTime":1823.1999999999998,"body":"you know, apparently, they also"},{"speaker":"Unknown","startTime":1819.84,"endTime":1823.1999999999998,"body":"had podcasts looking for one"},{"speaker":"Unknown","startTime":1823.1999999999998,"endTime":1825.7199999999998,"body":"more successful, the other"},{"speaker":"Unknown","startTime":1823.1999999999998,"endTime":1825.7199999999998,"body":"possibly. But who am I to say?"},{"speaker":"Unknown","startTime":1825.84,"endTime":1827.8799999999999,"body":"Thank you? Should I? Should I? I"},{"speaker":"Unknown","startTime":1825.84,"endTime":1827.8799999999999,"body":"was on both"},{"speaker":"Unknown","startTime":1827.8799999999999,"endTime":1829.8,"body":"of them, you guys, yeah,"},{"speaker":"Nick Lincoln","startTime":1829.8,"endTime":1830.8799999999999,"body":"which explains"},{"speaker":"Nick Lincoln","startTime":1829.8,"endTime":1830.8799999999999,"body":"quite"},{"speaker":"Unknown","startTime":1833.28,"endTime":1836.6599999999999,"body":"a bit they're over,"},{"speaker":"Unknown","startTime":1833.28,"endTime":1836.6599999999999,"body":"but, but I just, I thought, No,"},{"speaker":"Unknown","startTime":1836.6599999999999,"endTime":1838.76,"body":"I'm going to go again, but I'm"},{"speaker":"Unknown","startTime":1836.6599999999999,"endTime":1838.76,"body":"going to, you know, up the"},{"speaker":"Unknown","startTime":1838.76,"endTime":1841.34,"body":"stakes a bit. So I found it's"},{"speaker":"Unknown","startTime":1838.76,"endTime":1841.34,"body":"actually just near where I live,"},{"speaker":"Unknown","startTime":1841.34,"endTime":1844.58,"body":"and it's in central London, a"},{"speaker":"Unknown","startTime":1841.34,"endTime":1844.58,"body":"professional podcast studio, and"},{"speaker":"Unknown","startTime":1844.58,"endTime":1846.9199999999998,"body":"it's a nice young guys. It's,"},{"speaker":"Unknown","startTime":1844.58,"endTime":1846.9199999999998,"body":"it's his business. They set it"},{"speaker":"Unknown","startTime":1846.9199999999998,"endTime":1849.6799999999998,"body":"all up, and the costs are"},{"speaker":"Unknown","startTime":1846.9199999999998,"endTime":1849.6799999999998,"body":"actually a little bit lower than"},{"speaker":"Unknown","startTime":1849.6799999999998,"endTime":1853.1,"body":"you've just mentioned there in"},{"speaker":"Unknown","startTime":1849.6799999999998,"endTime":1853.1,"body":"Dublin. So yes, so it's going to"},{"speaker":"Unknown","startTime":1853.1,"endTime":1856.3,"body":"cost more than what we're doing"},{"speaker":"Unknown","startTime":1853.1,"endTime":1856.3,"body":"here, but immediately, the"},{"speaker":"Unknown","startTime":1856.3,"endTime":1860.02,"body":"quality, even my harshest"},{"speaker":"Unknown","startTime":1856.3,"endTime":1860.02,"body":"critics have said it just looks"},{"speaker":"Unknown","startTime":1860.02,"endTime":1862.36,"body":"like a proper podcast. You're in"},{"speaker":"Unknown","startTime":1860.02,"endTime":1862.36,"body":"a proper studio with real"},{"speaker":"Unknown","startTime":1862.36,"endTime":1864.8799999999999,"body":"cameras and proper lights and"},{"speaker":"Unknown","startTime":1862.36,"endTime":1864.8799999999999,"body":"stuff, and honestly, for the"},{"speaker":"Unknown","startTime":1864.8799999999999,"endTime":1867.76,"body":"sake of a few 100 pounds, you"},{"speaker":"Unknown","startTime":1864.8799999999999,"endTime":1867.76,"body":"could go to one of these places"},{"speaker":"Unknown","startTime":1867.82,"endTime":1871.36,"body":"and interview a client,"},{"speaker":"Unknown","startTime":1867.82,"endTime":1871.36,"body":"interview your staff, or just do"},{"speaker":"Unknown","startTime":1871.36,"endTime":1874.06,"body":"a piece to camera. They've got"},{"speaker":"Unknown","startTime":1871.36,"endTime":1874.06,"body":"all the teleprompter stuff you"},{"speaker":"Unknown","startTime":1874.06,"endTime":1876.36,"body":"could create. You know, in an"},{"speaker":"Unknown","startTime":1874.06,"endTime":1876.36,"body":"afternoon you could create. Ton"},{"speaker":"Unknown","startTime":1876.36,"endTime":1879.3,"body":"of really high quality video"},{"speaker":"Unknown","startTime":1876.36,"endTime":1879.3,"body":"content, yeah, to have it sort"},{"speaker":"Unknown","startTime":1879.3,"endTime":1882.4799999999998,"body":"of edited and stuff afterwards,"},{"speaker":"Unknown","startTime":1879.3,"endTime":1882.4799999999998,"body":"but I 100% agree with you. Carl,"},{"speaker":"Unknown","startTime":1882.84,"endTime":1886.3799999999999,"body":"the world is expecting more high"},{"speaker":"Unknown","startTime":1882.84,"endTime":1886.3799999999999,"body":"quality, professionally produced"},{"speaker":"Unknown","startTime":1887.04,"endTime":1890.58,"body":"content. It's hard for us"},{"speaker":"Unknown","startTime":1887.04,"endTime":1890.58,"body":"because geographically was"},{"speaker":"Unknown","startTime":1890.58,"endTime":1893.52,"body":"spread apart. But you know these"},{"speaker":"Unknown","startTime":1890.58,"endTime":1893.52,"body":"podcasts that people get in a"},{"speaker":"Unknown","startTime":1893.52,"endTime":1893.8799999999999,"body":"studio"},{"speaker":"Andy Hart","startTime":1894.36,"endTime":1898.2199999999998,"body":"properly, but the bar"},{"speaker":"Andy Hart","startTime":1894.36,"endTime":1898.2199999999998,"body":"rising, isn't it rising? There's"},{"speaker":"Andy Hart","startTime":1898.2199999999998,"endTime":1901.2199999999998,"body":"so much companies are offering"},{"speaker":"Andy Hart","startTime":1898.2199999999998,"endTime":1901.2199999999998,"body":"it to even rock up to your"},{"speaker":"Andy Hart","startTime":1901.2199999999998,"endTime":1903.86,"body":"office with the whole studio."},{"speaker":"Andy Hart","startTime":1901.2199999999998,"endTime":1903.86,"body":"Set it up. Podcast studio, yeah,"},{"speaker":"Andy Hart","startTime":1903.9199999999998,"endTime":1905.84,"body":"it is. If you just"},{"speaker":"Carl Widger","startTime":1905.84,"endTime":1908.6599999999999,"body":"do a few, you'll"},{"speaker":"Carl Widger","startTime":1905.84,"endTime":1908.6599999999999,"body":"just get into some sort of flow."},{"speaker":"Carl Widger","startTime":1908.6599999999999,"endTime":1911.78,"body":"And it does not have to be"},{"speaker":"Carl Widger","startTime":1908.6599999999999,"endTime":1911.78,"body":"perfect. And I know we had James"},{"speaker":"Carl Widger","startTime":1911.78,"endTime":1916.4199999999998,"body":"jack on, on the on, as a guest"},{"speaker":"Carl Widger","startTime":1911.78,"endTime":1916.4199999999998,"body":"on our podcast, and he is, he"},{"speaker":"Carl Widger","startTime":1916.54,"endTime":1919.7199999999998,"body":"is, you know, he's like, he's"},{"speaker":"Carl Widger","startTime":1916.54,"endTime":1919.7199999999998,"body":"what we should all be striving"},{"speaker":"Carl Widger","startTime":1919.7199999999998,"endTime":1922.36,"body":"for. But it doesn't have to be"},{"speaker":"Carl Widger","startTime":1919.7199999999998,"endTime":1922.36,"body":"as good as his stuff. You can,"},{"speaker":"Carl Widger","startTime":1922.36,"endTime":1925.4199999999998,"body":"you can develop into it. And"},{"speaker":"Carl Widger","startTime":1922.36,"endTime":1925.4199999999998,"body":"exactly like you were saying,"},{"speaker":"Carl Widger","startTime":1925.4199999999998,"endTime":1928.36,"body":"Alan, I'm doing the third act"},{"speaker":"Carl Widger","startTime":1925.4199999999998,"endTime":1928.36,"body":"series, and it is to talk about"},{"speaker":"Carl Widger","startTime":1929.1999999999998,"endTime":1931.7199999999998,"body":"and listen to your word. And in"},{"speaker":"Carl Widger","startTime":1929.1999999999998,"endTime":1931.7199999999998,"body":"a little while, I went, Hmm,"},{"speaker":"Carl Widger","startTime":1931.9599999999998,"endTime":1934.7199999999998,"body":"third act, I asked some very"},{"speaker":"Carl Widger","startTime":1931.9599999999998,"endTime":1934.7199999999998,"body":"similar questions that Alan asks"},{"speaker":"Carl Widger","startTime":1934.7199999999998,"endTime":1937.9199999999998,"body":"in his podcast. I I wonder where"},{"speaker":"Carl Widger","startTime":1934.7199999999998,"endTime":1937.9199999999998,"body":"I got those ideas from, right?"},{"speaker":"Carl Widger","startTime":1938.04,"endTime":1940.6799999999998,"body":"So, so this is, this goes back"},{"speaker":"Carl Widger","startTime":1938.04,"endTime":1940.6799999999998,"body":"to the point is, there's no one"},{"speaker":"Carl Widger","startTime":1940.6799999999998,"endTime":1944.1599999999999,"body":"inventing anything here. This"},{"speaker":"Carl Widger","startTime":1940.6799999999998,"endTime":1944.1599999999999,"body":"is, get your inspiration, yeah,"},{"speaker":"Carl Widger","startTime":1944.1599999999999,"endTime":1948.36,"body":"take nothing, take what, take"},{"speaker":"Carl Widger","startTime":1944.1599999999999,"endTime":1948.36,"body":"what will work for you, and go"},{"speaker":"Carl Widger","startTime":1948.36,"endTime":1951.54,"body":"and do it. Because I was coming"},{"speaker":"Carl Widger","startTime":1948.36,"endTime":1951.54,"body":"out going, you know, wouldn't it"},{"speaker":"Carl Widger","startTime":1951.54,"endTime":1953.82,"body":"be really great for like,"},{"speaker":"Carl Widger","startTime":1951.54,"endTime":1953.82,"body":"obviously, we've got a few"},{"speaker":"Carl Widger","startTime":1953.82,"endTime":1957.1999999999998,"body":"private client managers now, you"},{"speaker":"Carl Widger","startTime":1953.82,"endTime":1957.1999999999998,"body":"know. And maybe if they could"},{"speaker":"Carl Widger","startTime":1957.1999999999998,"endTime":1960.3799999999999,"body":"tell their story, and that might"},{"speaker":"Carl Widger","startTime":1957.1999999999998,"endTime":1960.3799999999999,"body":"be a little bit of a, you know,"},{"speaker":"Carl Widger","startTime":1960.3799999999999,"endTime":1963.32,"body":"when, when you on our website,"},{"speaker":"Carl Widger","startTime":1960.3799999999999,"endTime":1963.32,"body":"you might be able to click into"},{"speaker":"Carl Widger","startTime":1963.32,"endTime":1966.8,"body":"a video and and hear about, I'm"},{"speaker":"Carl Widger","startTime":1963.32,"endTime":1966.8,"body":"married and I have two kids, and"},{"speaker":"Carl Widger","startTime":1966.8,"endTime":1969.62,"body":"I want to, because they're all"},{"speaker":"Carl Widger","startTime":1966.8,"endTime":1969.62,"body":"like, you know, young dynamic"},{"speaker":"Carl Widger","startTime":1969.62,"endTime":1973.3999999999999,"body":"folks. And I think telling our"},{"speaker":"Carl Widger","startTime":1969.62,"endTime":1973.3999999999999,"body":"clients a little bit about the"},{"speaker":"Carl Widger","startTime":1973.3999999999999,"endTime":1977.9199999999998,"body":"people behind the brand or the"},{"speaker":"Carl Widger","startTime":1973.3999999999999,"endTime":1977.9199999999998,"body":"logo. I think that'd be really"},{"speaker":"Carl Widger","startTime":1977.9199999999998,"endTime":1980.86,"body":"cool. There's just two ideas,"},{"speaker":"Carl Widger","startTime":1977.9199999999998,"endTime":1980.86,"body":"right? Just interview some of"},{"speaker":"Carl Widger","startTime":1980.86,"endTime":1984.04,"body":"your existing clients and"},{"speaker":"Carl Widger","startTime":1980.86,"endTime":1984.04,"body":"interview some of your team. And"},{"speaker":"Carl Widger","startTime":1984.1,"endTime":1988.78,"body":"this is so easy to do, you just"},{"speaker":"Carl Widger","startTime":1984.1,"endTime":1988.78,"body":"have to have a little bit of a"},{"speaker":"Carl Widger","startTime":1988.8999999999999,"endTime":1992.26,"body":"bottle be, you know, to do the"},{"speaker":"Carl Widger","startTime":1988.8999999999999,"endTime":1992.26,"body":"first cook few of them. I"},{"speaker":"Carl Widger","startTime":1992.4399999999998,"endTime":1995.6799999999998,"body":"remember the first couple of"},{"speaker":"Carl Widger","startTime":1992.4399999999998,"endTime":1995.6799999999998,"body":"trap podcasts. I used to sit"},{"speaker":"Carl Widger","startTime":1995.6799999999998,"endTime":1997.1999999999998,"body":"down and actually prepare for"},{"speaker":"Carl Widger","startTime":1995.6799999999998,"endTime":1997.1999999999998,"body":"them."},{"speaker":"Nick Lincoln","startTime":1999.78,"endTime":2004.58,"body":"Oh, the memories."},{"speaker":"Nick Lincoln","startTime":1999.78,"endTime":2004.58,"body":"Yeah, long time ago. No, don't"},{"speaker":"Carl Widger","startTime":2006.08,"endTime":2010.2199999999998,"body":"watch so more and"},{"speaker":"Carl Widger","startTime":2006.08,"endTime":2010.2199999999998,"body":"more confident."},{"speaker":"Unknown","startTime":2010.82,"endTime":2013.04,"body":"Yeah, there is no"},{"speaker":"Unknown","startTime":2010.82,"endTime":2013.04,"body":"excuse a quick, I think it's"},{"speaker":"Unknown","startTime":2013.04,"endTime":2016.2199999999998,"body":"reasonable to do a quick shout"},{"speaker":"Unknown","startTime":2013.04,"endTime":2016.2199999999998,"body":"out to a company called doc"},{"speaker":"Unknown","startTime":2016.2199999999998,"endTime":2019.6599999999999,"body":"Vinci, I think, are part of the"},{"speaker":"Unknown","startTime":2016.2199999999998,"endTime":2019.6599999999999,"body":"next gen who are also friends of"},{"speaker":"Unknown","startTime":2019.6599999999999,"endTime":2022.7199999999998,"body":"the podcast, next gen, kind of"},{"speaker":"Unknown","startTime":2019.6599999999999,"endTime":2022.7199999999998,"body":"community network. They've got a"},{"speaker":"Unknown","startTime":2022.7199999999998,"endTime":2025.9599999999998,"body":"program available for advisors,"},{"speaker":"Unknown","startTime":2022.7199999999998,"endTime":2025.9599999999998,"body":"and they will, you know, you go"},{"speaker":"Unknown","startTime":2025.9599999999998,"endTime":2029.56,"body":"to either go to a studio where"},{"speaker":"Unknown","startTime":2025.9599999999998,"endTime":2029.56,"body":"they are in the north somewhere,"},{"speaker":"Unknown","startTime":2029.8,"endTime":2032.26,"body":"or potentially come to your"},{"speaker":"Unknown","startTime":2029.8,"endTime":2032.26,"body":"office, you know, again, pay a"},{"speaker":"Unknown","startTime":2032.26,"endTime":2035.1399999999999,"body":"few quick and they will do a"},{"speaker":"Unknown","startTime":2032.26,"endTime":2035.1399999999999,"body":"full day's recording for you,"},{"speaker":"Unknown","startTime":2035.1399999999999,"endTime":2038.4599999999998,"body":"then splice it and dice it into"},{"speaker":"Unknown","startTime":2035.1399999999999,"endTime":2038.4599999999998,"body":"multiple, you know, smaller"},{"speaker":"Unknown","startTime":2038.4599999999998,"endTime":2041.52,"body":"edits. So yeah, for the sake of"},{"speaker":"Unknown","startTime":2038.4599999999998,"endTime":2041.52,"body":"a few 100 pounds, really, there"},{"speaker":"Unknown","startTime":2041.52,"endTime":2045.2399999999998,"body":"is no excuse for anyone. So,"},{"speaker":"Unknown","startTime":2041.52,"endTime":2045.2399999999998,"body":"yeah, I wondered what? When I"},{"speaker":"Unknown","startTime":2045.2399999999998,"endTime":2047.34,"body":"saw that point coming up, I"},{"speaker":"Unknown","startTime":2045.2399999999998,"endTime":2047.34,"body":"thought, what was he on about?"},{"speaker":"Unknown","startTime":2047.34,"endTime":2050.22,"body":"But you make a very good point."},{"speaker":"Unknown","startTime":2047.34,"endTime":2050.22,"body":"Mr. Witcher, thank you. Thank"},{"speaker":"Unknown","startTime":2050.22,"endTime":2050.4,"body":"you."},{"speaker":"Nick Lincoln","startTime":2052.38,"endTime":2055.02,"body":"Nice to each"},{"speaker":"Nick Lincoln","startTime":2052.38,"endTime":2055.02,"body":"other, right? Long, moving on,"},{"speaker":"Nick Lincoln","startTime":2055.02,"endTime":2058.4,"body":"moving on, because we're only at"},{"speaker":"Nick Lincoln","startTime":2055.02,"endTime":2058.4,"body":"33 minutes. God help us."},{"speaker":"Nick Lincoln","startTime":2059.18,"endTime":2062.54,"body":"Longevity points. So it's ultra"},{"speaker":"Nick Lincoln","startTime":2059.18,"endTime":2062.54,"body":"and this Omaha guy, what's his"},{"speaker":"Nick Lincoln","startTime":2062.54,"endTime":2062.72,"body":"name?"},{"speaker":"Andy Hart","startTime":2062.9,"endTime":2065.66,"body":"Well, again, this"},{"speaker":"Andy Hart","startTime":2062.9,"endTime":2065.66,"body":"follows along from the longevity"},{"speaker":"Andy Hart","startTime":2065.66,"endTime":2069.44,"body":"point Mr. Warren Buffett, who's"},{"speaker":"Andy Hart","startTime":2065.66,"endTime":2069.44,"body":"created 99% of his net worth"},{"speaker":"Andy Hart","startTime":2069.44,"endTime":2072.44,"body":"after the age of 50. Anyway, it"},{"speaker":"Andy Hart","startTime":2069.44,"endTime":2072.44,"body":"was his annual general meeting"},{"speaker":"Andy Hart","startTime":2073.4,"endTime":2077.02,"body":"last Saturday in Omaha,"},{"speaker":"Andy Hart","startTime":2073.4,"endTime":2077.02,"body":"Nebraska. We knew a few people"},{"speaker":"Andy Hart","startTime":2077.02,"endTime":2081.58,"body":"that went there. He's currently"},{"speaker":"Andy Hart","startTime":2077.02,"endTime":2081.58,"body":"94 and basically he's retiring"},{"speaker":"Andy Hart","startTime":2081.58,"endTime":2087.58,"body":"this year. He's retiring when"},{"speaker":"Andy Hart","startTime":2081.58,"endTime":2087.58,"body":"his company is doing incredibly"},{"speaker":"Andy Hart","startTime":2087.58,"endTime":2090.4,"body":"well. He's put it in a superb"},{"speaker":"Andy Hart","startTime":2087.58,"endTime":2090.4,"body":"position. It's absolutely"},{"speaker":"Andy Hart","startTime":2090.4,"endTime":2096.16,"body":"smashed the S P since 1965 he"},{"speaker":"Andy Hart","startTime":2090.4,"endTime":2096.16,"body":"would have been the richest man"},{"speaker":"Andy Hart","startTime":2096.16,"endTime":2099.9,"body":"in the world now, by an absolute"},{"speaker":"Andy Hart","startTime":2096.16,"endTime":2099.9,"body":"mile, had he not given the bulk"},{"speaker":"Andy Hart","startTime":2099.9,"endTime":2103.68,"body":"of his assets away to charitable"},{"speaker":"Andy Hart","startTime":2099.9,"endTime":2103.68,"body":"foundation over the last few"},{"speaker":"Andy Hart","startTime":2103.68,"endTime":2107.7,"body":"years, he's still individually"},{"speaker":"Andy Hart","startTime":2103.68,"endTime":2107.7,"body":"worth about 170 billion, but he"},{"speaker":"Andy Hart","startTime":2107.7,"endTime":2110.4,"body":"would have been worth close to"},{"speaker":"Andy Hart","startTime":2107.7,"endTime":2110.4,"body":"400 billion if he didn't give"},{"speaker":"Andy Hart","startTime":2110.4,"endTime":2115.02,"body":"his money away to his charitable"},{"speaker":"Andy Hart","startTime":2110.4,"endTime":2115.02,"body":"foundation. So I'm halfway"},{"speaker":"Andy Hart","startTime":2115.02,"endTime":2117.44,"body":"through watching the Berkshire"},{"speaker":"Andy Hart","startTime":2115.02,"endTime":2117.44,"body":"Hathaway Annual General Meeting,"},{"speaker":"Andy Hart","startTime":2117.44,"endTime":2124.4,"body":"so we'll probably discuss him"},{"speaker":"Andy Hart","startTime":2117.44,"endTime":2124.4,"body":"and that at the next trap show."},{"speaker":"Andy Hart","startTime":2124.7599999999998,"endTime":2126.98,"body":"Yeah, that's it, really. So"},{"speaker":"Andy Hart","startTime":2124.7599999999998,"endTime":2126.98,"body":"Buffett's retiring at the end of"},{"speaker":"Andy Hart","startTime":2126.98,"endTime":2129.74,"body":"the year. He's passing over to"},{"speaker":"Andy Hart","startTime":2126.98,"endTime":2129.74,"body":"Greg Abel, who's been his sort"},{"speaker":"Andy Hart","startTime":2129.74,"endTime":2131.3599999999997,"body":"of understudy. Was"},{"speaker":"Unknown","startTime":2132.92,"endTime":2136.58,"body":"it Greg? Greg able?"},{"speaker":"Unknown","startTime":2132.92,"endTime":2136.58,"body":"He's about 70, so surpassing"},{"speaker":"Unknown","startTime":2136.58,"endTime":2137.8599999999997,"body":"over to the youngster. Yeah,"},{"speaker":"Andy Hart","startTime":2137.8599999999997,"endTime":2140.44,"body":"I think he's been at"},{"speaker":"Andy Hart","startTime":2137.8599999999997,"endTime":2140.44,"body":"Berkshire for 35 years or"},{"speaker":"Andy Hart","startTime":2140.44,"endTime":2144.22,"body":"something. So that's it. It's"},{"speaker":"Andy Hart","startTime":2140.44,"endTime":2144.22,"body":"they're part of the trillion"},{"speaker":"Andy Hart","startTime":2144.22,"endTime":2148.9,"body":"dollar club. Berkshire now is"},{"speaker":"Andy Hart","startTime":2144.22,"endTime":2148.9,"body":"worth 1.1 6 trillion. The"},{"speaker":"Andy Hart","startTime":2148.9,"endTime":2152.5,"body":"performance of the last three"},{"speaker":"Andy Hart","startTime":2148.9,"endTime":2152.5,"body":"months has been incredible"},{"speaker":"Andy Hart","startTime":2152.5,"endTime":2155.68,"body":"compared to its sort of peers."},{"speaker":"Andy Hart","startTime":2152.5,"endTime":2155.68,"body":"Anyway, it's a superb company,"},{"speaker":"Andy Hart","startTime":2155.74,"endTime":2163.2599999999998,"body":"super businessman. He's on my"},{"speaker":"Andy Hart","startTime":2155.74,"endTime":2163.2599999999998,"body":"wall so my, my, my idols stare"},{"speaker":"Andy Hart","startTime":2163.2599999999998,"endTime":2168.7799999999997,"body":"over me as I talk bullshit for"},{"speaker":"Andy Hart","startTime":2163.2599999999998,"endTime":2168.7799999999997,"body":"you guys, yeah, he's been a big"},{"speaker":"Andy Hart","startTime":2168.7799999999997,"endTime":2171.7799999999997,"body":"influence for me. Anyway, moving"},{"speaker":"Andy Hart","startTime":2168.7799999999997,"endTime":2171.7799999999997,"body":"on, you're on his wall as well."},{"speaker":"Andy Hart","startTime":2171.7799999999997,"endTime":2177.56,"body":"Andy, yes, I think, oh my god."},{"speaker":"Andy Hart","startTime":2171.7799999999997,"endTime":2177.56,"body":"Check in as he. Passes. Okay,"},{"speaker":"Andy Hart","startTime":2177.68,"endTime":2180.14,"body":"right. So storyteller,"},{"speaker":"Unknown","startTime":2181.22,"endTime":2184.22,"body":"just a quick one, and"},{"speaker":"Unknown","startTime":2181.22,"endTime":2184.22,"body":"forgive me, I have mentioned"},{"speaker":"Unknown","startTime":2184.22,"endTime":2187.4,"body":"this before, and this probably"},{"speaker":"Unknown","startTime":2184.22,"endTime":2187.4,"body":"should be sponsoring this"},{"speaker":"Unknown","startTime":2187.4,"endTime":2191.54,"body":"podcast because I've mentioned"},{"speaker":"Unknown","startTime":2187.4,"endTime":2191.54,"body":"it, but Haley rabbits at The"},{"speaker":"Unknown","startTime":2191.54,"endTime":2194.96,"body":"Verve company, got in touch with"},{"speaker":"Unknown","startTime":2191.54,"endTime":2194.96,"body":"me again recently, just to"},{"speaker":"Unknown","startTime":2195.08,"endTime":2200.8599999999997,"body":"remind us that they that company"},{"speaker":"Unknown","startTime":2195.08,"endTime":2200.8599999999997,"body":"offers three different programs"},{"speaker":"Unknown","startTime":2201.2799999999997,"endTime":2204.7599999999998,"body":"for advisors. One is called"},{"speaker":"Unknown","startTime":2201.2799999999997,"endTime":2204.7599999999998,"body":"consider, which is their mini"},{"speaker":"Unknown","startTime":2204.7599999999998,"endTime":2207.46,"body":"program that lasts about seven"},{"speaker":"Unknown","startTime":2204.7599999999998,"endTime":2207.46,"body":"weeks for those people who are"},{"speaker":"Unknown","startTime":2207.46,"endTime":2210.04,"body":"thinking about starting out on"},{"speaker":"Unknown","startTime":2207.46,"endTime":2210.04,"body":"their own as advisors but need"},{"speaker":"Unknown","startTime":2210.04,"endTime":2212.14,"body":"some support making the"},{"speaker":"Unknown","startTime":2210.04,"endTime":2212.14,"body":"decision, do a go directly,"},{"speaker":"Unknown","startTime":2212.14,"endTime":2215.14,"body":"authorize the point in rep, etc,"},{"speaker":"Unknown","startTime":2212.14,"endTime":2215.14,"body":"which is the question that does"},{"speaker":"Unknown","startTime":2215.14,"endTime":2218.46,"body":"get raised. The other program is"},{"speaker":"Unknown","startTime":2215.14,"endTime":2218.46,"body":"called Build, which is a full"},{"speaker":"Unknown","startTime":2218.46,"endTime":2221.7599999999998,"body":"program 12 weeks long for those"},{"speaker":"Unknown","startTime":2218.46,"endTime":2221.7599999999998,"body":"who have taken the plunge. Have"},{"speaker":"Unknown","startTime":2221.7599999999998,"endTime":2225.3599999999997,"body":"set up, usually in the first"},{"speaker":"Unknown","startTime":2221.7599999999998,"endTime":2225.3599999999997,"body":"year or so of trading, could"},{"speaker":"Unknown","startTime":2225.3599999999997,"endTime":2228.96,"body":"look for some support, guidance"},{"speaker":"Unknown","startTime":2225.3599999999997,"endTime":2228.96,"body":"and mentoring. And they have"},{"speaker":"Unknown","startTime":2229.02,"endTime":2232.92,"body":"their third program called Grow,"},{"speaker":"Unknown","startTime":2229.02,"endTime":2232.92,"body":"which is a new program for any"},{"speaker":"Unknown","startTime":2232.92,"endTime":2235.3199999999997,"body":"stage of business, looking to"},{"speaker":"Unknown","startTime":2232.92,"endTime":2235.3199999999997,"body":"grow your business, perhaps"},{"speaker":"Unknown","startTime":2235.3199999999997,"endTime":2239.12,"body":"recruit staff, consider"},{"speaker":"Unknown","startTime":2235.3199999999997,"endTime":2239.12,"body":"succession planning, all that"},{"speaker":"Unknown","startTime":2239.12,"endTime":2242.06,"body":"sort of thing. They've got"},{"speaker":"Unknown","startTime":2239.12,"endTime":2242.06,"body":"cohorts starting in June and"},{"speaker":"Unknown","startTime":2242.06,"endTime":2245.42,"body":"September. It is free. It's"},{"speaker":"Unknown","startTime":2242.06,"endTime":2245.42,"body":"sponsored. 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Not caught, not"},{"speaker":"Unknown","startTime":2266.74,"endTime":2270.2799999999997,"body":"quite sure what to do, thinking"},{"speaker":"Unknown","startTime":2266.74,"endTime":2270.2799999999997,"body":"of starting off my own and La,"},{"speaker":"Unknown","startTime":2270.2799999999997,"endTime":2273.3399999999997,"body":"la, la. So there's a ready made,"},{"speaker":"Unknown","startTime":2270.2799999999997,"endTime":2273.3399999999997,"body":"you know, cohort of training,"},{"speaker":"Unknown","startTime":2273.3399999999997,"endTime":2276.42,"body":"support, mentoring available. So"},{"speaker":"Unknown","startTime":2273.3399999999997,"endTime":2276.42,"body":"there's no excuse. So again,"},{"speaker":"Unknown","startTime":2276.42,"endTime":2279.7799999999997,"body":"link in the show notes, but"},{"speaker":"Unknown","startTime":2276.42,"endTime":2279.7799999999997,"body":"Haley at Verve will be"},{"speaker":"Carl Widger","startTime":2279.7799999999997,"endTime":2281.7599999999998,"body":"able to"},{"speaker":"Carl Widger","startTime":2279.7799999999997,"endTime":2281.7599999999998,"body":"outstanding. There is no such"},{"speaker":"Carl Widger","startTime":2281.7599999999998,"endTime":2282.66,"body":"resource here,"},{"speaker":"Unknown","startTime":2283.02,"endTime":2284.46,"body":"but a brilliant"},{"speaker":"Unknown","startTime":2283.02,"endTime":2284.46,"body":"incubator."},{"speaker":"Carl Widger","startTime":2285.7799999999997,"endTime":2288.06,"body":"Yeah, I think some"},{"speaker":"Carl Widger","startTime":2285.7799999999997,"endTime":2288.06,"body":"of the Irish youngsters should"},{"speaker":"Carl Widger","startTime":2288.06,"endTime":2291.12,"body":"be looking towards that program,"},{"speaker":"Carl Widger","startTime":2288.06,"endTime":2291.12,"body":"because, you know, other than"},{"speaker":"Carl Widger","startTime":2291.12,"endTime":2293.94,"body":"the technical tax pieces and"},{"speaker":"Carl Widger","startTime":2291.12,"endTime":2293.94,"body":"that kind of stuff, I think"},{"speaker":"Carl Widger","startTime":2293.94,"endTime":2297.56,"body":"it's, it's, there's a lot of"},{"speaker":"Carl Widger","startTime":2293.94,"endTime":2297.56,"body":"generic universe to be done?"},{"speaker":"Carl Widger","startTime":2297.56,"endTime":2298.04,"body":"Yeah,"},{"speaker":"Unknown","startTime":2298.4,"endTime":2300.68,"body":"yeah, there is. And"},{"speaker":"Unknown","startTime":2298.4,"endTime":2300.68,"body":"just, I've just got secondary"},{"speaker":"Unknown","startTime":2300.68,"endTime":2306.3199999999997,"body":"point related, but unrelated. We"},{"speaker":"Unknown","startTime":2300.68,"endTime":2306.3199999999997,"body":"all, I you, we all get, I get"},{"speaker":"Unknown","startTime":2306.3199999999997,"endTime":2311.96,"body":"various sort of communications,"},{"speaker":"Unknown","startTime":2306.3199999999997,"endTime":2311.96,"body":"DMS, etc, from advisors, kind of"},{"speaker":"Unknown","startTime":2311.96,"endTime":2316.1,"body":"almost, how can I put it? Sort"},{"speaker":"Unknown","startTime":2311.96,"endTime":2316.1,"body":"of trapped in an organization"},{"speaker":"Unknown","startTime":2316.1,"endTime":2319.42,"body":"that doesn't necessarily"},{"speaker":"Unknown","startTime":2316.1,"endTime":2319.42,"body":"represent their own values, and"},{"speaker":"Unknown","startTime":2319.42,"endTime":2322.48,"body":"it's frustrating. We might even"},{"speaker":"Unknown","startTime":2319.42,"endTime":2322.48,"body":"talk about this a little bit"},{"speaker":"Unknown","startTime":2322.48,"endTime":2326.92,"body":"later on in the TRAPPIST"},{"speaker":"Unknown","startTime":2322.48,"endTime":2326.92,"body":"question, or version of this."},{"speaker":"Unknown","startTime":2327.04,"endTime":2331.18,"body":"So, just so you know there, as"},{"speaker":"Unknown","startTime":2327.04,"endTime":2331.18,"body":"I've spoken to, one firm in"},{"speaker":"Unknown","startTime":2331.18,"endTime":2334.42,"body":"particular recently, there's a"},{"speaker":"Unknown","startTime":2331.18,"endTime":2334.42,"body":"few others who are actively, you"},{"speaker":"Unknown","startTime":2334.42,"endTime":2337.2599999999998,"body":"know, good firm, top level,"},{"speaker":"Unknown","startTime":2334.42,"endTime":2337.2599999999998,"body":"proper financial planning firm"},{"speaker":"Unknown","startTime":2337.2599999999998,"endTime":2340.14,"body":"in in and around London,"},{"speaker":"Unknown","startTime":2337.2599999999998,"endTime":2340.14,"body":"southeast. Obviously, this is"},{"speaker":"Unknown","startTime":2340.14,"endTime":2343.56,"body":"geographic dependent who are"},{"speaker":"Unknown","startTime":2340.14,"endTime":2343.56,"body":"actively recruiting for those"},{"speaker":"Unknown","startTime":2343.56,"endTime":2346.56,"body":"kind of early stage financial"},{"speaker":"Unknown","startTime":2343.56,"endTime":2346.56,"body":"planners. Trainee financial"},{"speaker":"Unknown","startTime":2346.56,"endTime":2350.04,"body":"planners kind of will will"},{"speaker":"Unknown","startTime":2346.56,"endTime":2350.04,"body":"inherit a book of really good"},{"speaker":"Unknown","startTime":2350.04,"endTime":2354.12,"body":"clients over time. So if that is"},{"speaker":"Unknown","startTime":2350.04,"endTime":2354.12,"body":"you, if you're looking to sort"},{"speaker":"Unknown","startTime":2354.12,"endTime":2356.54,"body":"of get into a great company,"},{"speaker":"Unknown","startTime":2354.12,"endTime":2356.54,"body":"because they're they're like,"},{"speaker":"Unknown","startTime":2356.54,"endTime":2360.08,"body":"hens getting a place in a really"},{"speaker":"Unknown","startTime":2356.54,"endTime":2360.08,"body":"good, proper, full fat financial"},{"speaker":"Unknown","startTime":2360.08,"endTime":2364.3399999999997,"body":"planning company is quite rare."},{"speaker":"Unknown","startTime":2360.08,"endTime":2364.3399999999997,"body":"And I often thought, by the way,"},{"speaker":"Unknown","startTime":2364.3399999999997,"endTime":2367.22,"body":"that we should have our own trap"},{"speaker":"Unknown","startTime":2364.3399999999997,"endTime":2367.22,"body":"jobs board or something, if we"},{"speaker":"Unknown","startTime":2367.22,"endTime":2369.92,"body":"could just have an ability to"},{"speaker":"Unknown","startTime":2367.22,"endTime":2369.92,"body":"always screen companies that we"},{"speaker":"Unknown","startTime":2369.92,"endTime":2372.74,"body":"think are great, proper"},{"speaker":"Unknown","startTime":2369.92,"endTime":2372.74,"body":"financial planning companies and"},{"speaker":"Unknown","startTime":2372.74,"endTime":2375.8599999999997,"body":"those looking to find those"},{"speaker":"Unknown","startTime":2372.74,"endTime":2375.8599999999997,"body":"positions, because it's just,"},{"speaker":"Unknown","startTime":2375.8599999999997,"endTime":2378.2799999999997,"body":"it's just really hard on the"},{"speaker":"Unknown","startTime":2375.8599999999997,"endTime":2378.2799999999997,"body":"face of it. You know, a lot of"},{"speaker":"Unknown","startTime":2378.2799999999997,"endTime":2380.7999999999997,"body":"every company says, Yeah, we do"},{"speaker":"Unknown","startTime":2378.2799999999997,"endTime":2380.7999999999997,"body":"proper financial planning, but"},{"speaker":"Unknown","startTime":2380.7999999999997,"endTime":2383.92,"body":"the reality is probably quite a"},{"speaker":"Unknown","startTime":2380.7999999999997,"endTime":2383.92,"body":"bit different, certainly the"},{"speaker":"Unknown","startTime":2383.92,"endTime":2387.7599999999998,"body":"feedback I've got. So if anyone"},{"speaker":"Unknown","startTime":2383.92,"endTime":2387.7599999999998,"body":"is in that space and thinks I'd"},{"speaker":"Unknown","startTime":2387.7599999999998,"endTime":2391.12,"body":"love to speak to a company who's"},{"speaker":"Unknown","startTime":2387.7599999999998,"endTime":2391.12,"body":"actively recruiting for kind of"},{"speaker":"Unknown","startTime":2391.12,"endTime":2394.42,"body":"early stage financial planner,"},{"speaker":"Unknown","startTime":2391.12,"endTime":2394.42,"body":"DM me on LinkedIn. I'll put you"},{"speaker":"Unknown","startTime":2394.42,"endTime":2398.52,"body":"in contact with the people who"},{"speaker":"Unknown","startTime":2394.42,"endTime":2398.52,"body":"are looking for that type of"},{"speaker":"Unknown","startTime":2398.52,"endTime":2399.54,"body":"recruit lovely offer,"},{"speaker":"Nick Lincoln","startTime":2399.7799999999997,"endTime":2402.6,"body":"good stuff, great"},{"speaker":"Nick Lincoln","startTime":2399.7799999999997,"endTime":2402.6,"body":"stuff. Great stuff. Okay, final,"},{"speaker":"Nick Lincoln","startTime":2402.6,"endTime":2407.7,"body":"final. Topical tidbit, 38"},{"speaker":"Nick Lincoln","startTime":2402.6,"endTime":2407.7,"body":"minutes, 50 seconds in Ultra"},{"speaker":"Andy Hart","startTime":2409.08,"endTime":2410.94,"body":"Yes. So on the day"},{"speaker":"Andy Hart","startTime":2409.08,"endTime":2410.94,"body":"this comes out, the Bank of"},{"speaker":"Andy Hart","startTime":2410.94,"endTime":2413.3399999999997,"body":"England will be meeting to"},{"speaker":"Andy Hart","startTime":2410.94,"endTime":2413.3399999999997,"body":"decide what they're going to be"},{"speaker":"Andy Hart","startTime":2413.3399999999997,"endTime":2417.74,"body":"doing with interest rates, and"},{"speaker":"Andy Hart","startTime":2413.3399999999997,"endTime":2417.74,"body":"the odds are on for it to be"},{"speaker":"Andy Hart","startTime":2417.74,"endTime":2421.58,"body":"declining. It's currently 4.5%"},{"speaker":"Andy Hart","startTime":2417.74,"endTime":2421.58,"body":"it's going to be moving down to"},{"speaker":"Andy Hart","startTime":2421.58,"endTime":2425.48,"body":"4.25% the mortgage markets"},{"speaker":"Andy Hart","startTime":2421.58,"endTime":2425.48,"body":"factored in a heavy decline of"},{"speaker":"Andy Hart","startTime":2425.48,"endTime":2429.08,"body":"rates this year. You can get a"},{"speaker":"Andy Hart","startTime":2425.48,"endTime":2429.08,"body":"lot of two and five year fixed"},{"speaker":"Andy Hart","startTime":2429.08,"endTime":2432.62,"body":"rate mortgages now, starting"},{"speaker":"Andy Hart","startTime":2429.08,"endTime":2432.62,"body":"with a three and there's about a"},{"speaker":"Andy Hart","startTime":2432.62,"endTime":2436.8399999999997,"body":"million people coming up for"},{"speaker":"Andy Hart","startTime":2432.62,"endTime":2436.8399999999997,"body":"renewal on their mortgages every"},{"speaker":"Andy Hart","startTime":2436.8399999999997,"endTime":2440.92,"body":"year. So obviously, when the"},{"speaker":"Andy Hart","startTime":2436.8399999999997,"endTime":2440.92,"body":"rate was a lot higher, this had"},{"speaker":"Andy Hart","startTime":2440.92,"endTime":2445.3599999999997,"body":"a massive impact for people. But"},{"speaker":"Andy Hart","startTime":2440.92,"endTime":2445.3599999999997,"body":"now the the thought is that"},{"speaker":"Andy Hart","startTime":2445.3599999999997,"endTime":2447.94,"body":"interest rates are going to"},{"speaker":"Andy Hart","startTime":2445.3599999999997,"endTime":2447.94,"body":"plummet this year, and they're"},{"speaker":"Andy Hart","startTime":2447.94,"endTime":2450.2799999999997,"body":"saying that they're going to"},{"speaker":"Andy Hart","startTime":2447.94,"endTime":2450.2799999999997,"body":"plummet all around the world."},{"speaker":"Andy Hart","startTime":2450.2799999999997,"endTime":2455.44,"body":"But anyway, I'm just looking at"},{"speaker":"Andy Hart","startTime":2450.2799999999997,"endTime":2455.44,"body":"the UK numbers, so Yeah, nothing"},{"speaker":"Andy Hart","startTime":2455.44,"endTime":2459.3599999999997,"body":"hugely more to say about that."},{"speaker":"Andy Hart","startTime":2455.44,"endTime":2459.3599999999997,"body":"Does this crop up with your"},{"speaker":"Andy Hart","startTime":2459.3599999999997,"endTime":2464.2799999999997,"body":"clients? Gents, you keep an eye"},{"speaker":"Andy Hart","startTime":2459.3599999999997,"endTime":2464.2799999999997,"body":"on high level rates. Any"},{"speaker":"Andy Hart","startTime":2464.2799999999997,"endTime":2465.42,"body":"thoughts on this?"},{"speaker":"Nick Lincoln","startTime":2465.48,"endTime":2468.06,"body":"Not so many great"},{"speaker":"Nick Lincoln","startTime":2465.48,"endTime":2468.06,"body":"clients. Bring it up. If they've"},{"speaker":"Nick Lincoln","startTime":2468.06,"endTime":2470.52,"body":"got mortgages, they're on fixed"},{"speaker":"Nick Lincoln","startTime":2468.06,"endTime":2470.52,"body":"rates, then they will say, you"},{"speaker":"Nick Lincoln","startTime":2470.52,"endTime":2475.38,"body":"know, crikey, we had a five year"},{"speaker":"Nick Lincoln","startTime":2470.52,"endTime":2475.38,"body":"fix, and it's a 2.29 and looking"},{"speaker":"Nick Lincoln","startTime":2475.38,"endTime":2477.8599999999997,"body":"around now, it's not. Gonna be"},{"speaker":"Nick Lincoln","startTime":2475.38,"endTime":2477.8599999999997,"body":"like 4% or something. So you"},{"speaker":"Nick Lincoln","startTime":2477.8599999999997,"endTime":2480.62,"body":"change the cat, but no, I don't"},{"speaker":"Nick Lincoln","startTime":2477.8599999999997,"endTime":2480.62,"body":"particularly follow it to any"},{"speaker":"Nick Lincoln","startTime":2480.62,"endTime":2484.1,"body":"great degree. It's not"},{"speaker":"Nick Lincoln","startTime":2480.62,"endTime":2484.1,"body":"particularly exciting. Yeah,"},{"speaker":"Unknown","startTime":2484.16,"endTime":2488.9,"body":"sure, it's up. It's a"},{"speaker":"Unknown","startTime":2484.16,"endTime":2488.9,"body":"normalizing of interest rates,"},{"speaker":"Unknown","startTime":2488.9,"endTime":2493.58,"body":"isn't it? Interest rates, we had"},{"speaker":"Unknown","startTime":2488.9,"endTime":2493.58,"body":"15 years of practically zero, 0%"},{"speaker":"Unknown","startTime":2496.1,"endTime":2500.3199999999997,"body":"interest correct? And, yeah, the"},{"speaker":"Unknown","startTime":2496.1,"endTime":2500.3199999999997,"body":"world is kind of just somewhat"},{"speaker":"Unknown","startTime":2500.3199999999997,"endTime":2501.88,"body":"normalizing. It's quite"},{"speaker":"Andy Hart","startTime":2501.88,"endTime":2503.62,"body":"there's a link in the"},{"speaker":"Andy Hart","startTime":2501.88,"endTime":2503.62,"body":"show notes. So they've got a"},{"speaker":"Andy Hart","startTime":2503.62,"endTime":2506.02,"body":"whole stuff about, you know,"},{"speaker":"Andy Hart","startTime":2503.62,"endTime":2506.02,"body":"inflation and all the numbers"},{"speaker":"Andy Hart","startTime":2506.02,"endTime":2508.0,"body":"that, you know, the amount of"},{"speaker":"Andy Hart","startTime":2506.02,"endTime":2508.0,"body":"mortgages are coming, and"},{"speaker":"Andy Hart","startTime":2508.0,"endTime":2510.8199999999997,"body":"they've got to got a lot of long"},{"speaker":"Andy Hart","startTime":2508.0,"endTime":2510.8199999999997,"body":"term interest rate graph of it"},{"speaker":"Andy Hart","startTime":2510.8199999999997,"endTime":2514.9,"body":"from, you know, 1985 yeah,"},{"speaker":"Andy Hart","startTime":2510.8199999999997,"endTime":2514.9,"body":"there's this massive chunk in"},{"speaker":"Andy Hart","startTime":2514.9,"endTime":2517.7999999999997,"body":"the middle of it, just hitting"},{"speaker":"Andy Hart","startTime":2514.9,"endTime":2517.7999999999997,"body":"the floor, dropping down and"},{"speaker":"Andy Hart","startTime":2517.7999999999997,"endTime":2521.04,"body":"then shooting straight back up"},{"speaker":"Andy Hart","startTime":2517.7999999999997,"endTime":2521.04,"body":"to a level that when it dropped,"},{"speaker":"Andy Hart","startTime":2521.04,"endTime":2525.8399999999997,"body":"dropped, dropped down in 2008 or"},{"speaker":"Andy Hart","startTime":2521.04,"endTime":2525.8399999999997,"body":"2009 anyway, that's it, nothing"},{"speaker":"Andy Hart","startTime":2525.8399999999997,"endTime":2529.08,"body":"hugely interesting to finish"},{"speaker":"Andy Hart","startTime":2525.8399999999997,"endTime":2529.08,"body":"off. Topical tidbits. Over to"},{"speaker":"Andy Hart","startTime":2529.08,"endTime":2529.62,"body":"you."},{"speaker":"Unknown","startTime":2532.02,"endTime":2534.42,"body":"Okay, back at the RSA"},{"speaker":"Unknown","startTime":2532.02,"endTime":2534.42,"body":"corner. Thank"},{"speaker":"Nick Lincoln","startTime":2534.42,"endTime":2537.2,"body":"you. Thank you."},{"speaker":"Nick Lincoln","startTime":2534.42,"endTime":2537.2,"body":"Okay, so let's now move on to"},{"speaker":"Nick Lincoln","startTime":2537.2,"endTime":2541.46,"body":"what many people call the meat"},{"speaker":"Nick Lincoln","startTime":2537.2,"endTime":2541.46,"body":"and potatoes of the real advisor"},{"speaker":"Nick Lincoln","startTime":2541.46,"endTime":2544.16,"body":"podcast. This is where we get"},{"speaker":"Nick Lincoln","startTime":2541.46,"endTime":2544.16,"body":"our teeth into something juicy"},{"speaker":"Nick Lincoln","startTime":2544.16,"endTime":2547.4,"body":"and give it a damn good"},{"speaker":"Nick Lincoln","startTime":2544.16,"endTime":2547.4,"body":"thrashing. And the thrashing"},{"speaker":"Nick Lincoln","startTime":2547.4,"endTime":2550.3399999999997,"body":"we've talked around this"},{"speaker":"Nick Lincoln","startTime":2547.4,"endTime":2550.3399999999997,"body":"subject, I think, before in"},{"speaker":"Nick Lincoln","startTime":2550.3399999999997,"endTime":2553.64,"body":"topical tip bits numerous times,"},{"speaker":"Nick Lincoln","startTime":2550.3399999999997,"endTime":2553.64,"body":"you might have somehow gone into"},{"speaker":"Nick Lincoln","startTime":2553.64,"endTime":2556.58,"body":"a tangent on it, in the meat of"},{"speaker":"Nick Lincoln","startTime":2553.64,"endTime":2556.58,"body":"potatoes, but this is a meat of"},{"speaker":"Nick Lincoln","startTime":2556.58,"endTime":2564.52,"body":"potatoes dedicated to Bitcoin"},{"speaker":"Nick Lincoln","startTime":2556.58,"endTime":2564.52,"body":"and or and crypto, because it"},{"speaker":"Nick Lincoln","startTime":2564.52,"endTime":2568.48,"body":"is, it's it's still going up in"},{"speaker":"Nick Lincoln","startTime":2564.52,"endTime":2568.48,"body":"value. Bitcoin, apparently, it's"},{"speaker":"Nick Lincoln","startTime":2568.48,"endTime":2572.8599999999997,"body":"becoming more and more the"},{"speaker":"Nick Lincoln","startTime":2568.48,"endTime":2572.8599999999997,"body":"subject for polite discussion."},{"speaker":"Nick Lincoln","startTime":2572.8599999999997,"endTime":2576.6,"body":"Obviously, in the US they're"},{"speaker":"Nick Lincoln","startTime":2572.8599999999997,"endTime":2576.6,"body":"adopting it. The US government"},{"speaker":"Nick Lincoln","startTime":2576.6,"endTime":2579.3599999999997,"body":"is looking favorably on Bitcoin."},{"speaker":"Nick Lincoln","startTime":2576.6,"endTime":2579.3599999999997,"body":"They've got David Sacks as their"},{"speaker":"Nick Lincoln","startTime":2579.96,"endTime":2583.98,"body":"Bitcoin crypto czar, one of the"},{"speaker":"Nick Lincoln","startTime":2579.96,"endTime":2583.98,"body":"guys from New Orlean podcast, a"},{"speaker":"Nick Lincoln","startTime":2583.98,"endTime":2588.18,"body":"very switched on guy. And I know"},{"speaker":"Nick Lincoln","startTime":2583.98,"endTime":2588.18,"body":"that in this country there are"},{"speaker":"Nick Lincoln","startTime":2588.24,"endTime":2592.2,"body":"ifas now who are looking at it"},{"speaker":"Nick Lincoln","startTime":2588.24,"endTime":2592.2,"body":"more seriously, and there are"},{"speaker":"Nick Lincoln","startTime":2593.16,"endTime":2597.02,"body":"resources now to help advisors"},{"speaker":"Nick Lincoln","startTime":2593.16,"endTime":2597.02,"body":"get up to speed with it. So"},{"speaker":"Nick Lincoln","startTime":2597.02,"endTime":2601.7,"body":"we've all got varying views on"},{"speaker":"Nick Lincoln","startTime":2597.02,"endTime":2601.7,"body":"Bitcoin and crypto, because I"},{"speaker":"Nick Lincoln","startTime":2601.7,"endTime":2604.4,"body":"think they are two different"},{"speaker":"Nick Lincoln","startTime":2601.7,"endTime":2604.4,"body":"things. But maybe you can"},{"speaker":"Nick Lincoln","startTime":2604.4,"endTime":2608.0,"body":"educate me. I'm not gonna. I'll"},{"speaker":"Nick Lincoln","startTime":2604.4,"endTime":2608.0,"body":"save my I'll keep my powder dry."},{"speaker":"Nick Lincoln","startTime":2608.2999999999997,"endTime":2611.3599999999997,"body":"But I think you might, you might"},{"speaker":"Nick Lincoln","startTime":2608.2999999999997,"endTime":2611.3599999999997,"body":"have an idea who wants again,"},{"speaker":"Nick Lincoln","startTime":2611.3599999999997,"endTime":2613.4,"body":"we've done bugger all"},{"speaker":"Nick Lincoln","startTime":2611.3599999999997,"endTime":2613.4,"body":"preparation for this, really, in"},{"speaker":"Nick Lincoln","startTime":2613.4,"endTime":2615.7999999999997,"body":"terms of any kind of structure."},{"speaker":"Nick Lincoln","startTime":2613.4,"endTime":2615.7999999999997,"body":"I know, Alan, you've been on a"},{"speaker":"Nick Lincoln","startTime":2615.7999999999997,"endTime":2618.38,"body":"pocket. There was an envelope"},{"speaker":"Nick Lincoln","startTime":2615.7999999999997,"endTime":2618.38,"body":"being open recently, and you had"},{"speaker":"Nick Lincoln","startTime":2618.38,"endTime":2620.74,"body":"to be there for it. And you had"},{"speaker":"Nick Lincoln","startTime":2618.38,"endTime":2620.74,"body":"to be there for it. Now. Sorry,"},{"speaker":"Nick Lincoln","startTime":2620.74,"endTime":2622.8399999999997,"body":"you were a podcast recently."},{"speaker":"Nick Lincoln","startTime":2620.74,"endTime":2622.8399999999997,"body":"Weren't you open"},{"speaker":"Andy Hart","startTime":2622.8399999999997,"endTime":2624.64,"body":"another another"},{"speaker":"Andy Hart","startTime":2622.8399999999997,"endTime":2624.64,"body":"envelope that night? So we can"},{"speaker":"Andy Hart","startTime":2624.64,"endTime":2625.0,"body":"do it"},{"speaker":"Unknown","startTime":2625.42,"endTime":2630.94,"body":"all. Right, okay. Now I"},{"speaker":"Unknown","startTime":2625.42,"endTime":2630.94,"body":"was on it. I was on it so I will"},{"speaker":"Unknown","startTime":2631.7799999999997,"endTime":2635.92,"body":"get stroppy. I've got complete"},{"speaker":"Unknown","startTime":2631.7799999999997,"endTime":2635.92,"body":"trepidation of this very"},{"speaker":"Unknown","startTime":2635.92,"endTime":2639.12,"body":"subject, the B word, I'm looking"},{"speaker":"Unknown","startTime":2635.92,"endTime":2639.12,"body":"at crypto call here, and I just,"},{"speaker":"Unknown","startTime":2639.12,"endTime":2641.4,"body":"I noticed, you switched off his"},{"speaker":"Unknown","startTime":2639.12,"endTime":2641.4,"body":"camera a minute ago. I thought"},{"speaker":"Unknown","startTime":2641.4,"endTime":2645.18,"body":"he just left the room, because"},{"speaker":"Unknown","startTime":2641.4,"endTime":2645.18,"body":"this is a I just had a little"},{"speaker":"Unknown","startTime":2645.18,"endTime":2648.8399999999997,"body":"bit of sick in my mouth."},{"speaker":"Unknown","startTime":2645.18,"endTime":2648.8399999999997,"body":"Slightly contentious subject, it"},{"speaker":"Unknown","startTime":2648.8399999999997,"endTime":2655.2599999999998,"body":"would appear amongst the trap"},{"speaker":"Unknown","startTime":2648.8399999999997,"endTime":2655.2599999999998,"body":"community, but I've actually"},{"speaker":"Unknown","startTime":2655.2599999999998,"endTime":2658.16,"body":"have done a little bit of"},{"speaker":"Unknown","startTime":2655.2599999999998,"endTime":2658.16,"body":"preparation for this. And I"},{"speaker":"Unknown","startTime":2658.46,"endTime":2660.56,"body":"think it's, I think it's a"},{"speaker":"Unknown","startTime":2658.46,"endTime":2660.56,"body":"worthy subject to, you know,"},{"speaker":"Unknown","startTime":2660.56,"endTime":2664.8199999999997,"body":"have a 10 or 15 minute"},{"speaker":"Unknown","startTime":2660.56,"endTime":2664.8199999999997,"body":"discussion and debate, and just"},{"speaker":"Unknown","startTime":2664.8199999999997,"endTime":2669.44,"body":"to start off with, just to be"},{"speaker":"Unknown","startTime":2664.8199999999997,"endTime":2669.44,"body":"clear, I'm not here in any way"},{"speaker":"Unknown","startTime":2669.44,"endTime":2673.3399999999997,"body":"to promote Bitcoin as an"},{"speaker":"Unknown","startTime":2669.44,"endTime":2673.3399999999997,"body":"investment or a way of saving or"},{"speaker":"Unknown","startTime":2673.3399999999997,"endTime":2676.8399999999997,"body":"investing, or sort of removing"},{"speaker":"Unknown","startTime":2673.3399999999997,"endTime":2676.8399999999997,"body":"yourself from the sort of"},{"speaker":"Unknown","startTime":2676.8399999999997,"endTime":2679.9,"body":"centralized government control"},{"speaker":"Unknown","startTime":2676.8399999999997,"endTime":2679.9,"body":"potential. I'm just here to"},{"speaker":"Unknown","startTime":2679.9,"endTime":2683.3199999999997,"body":"suggest that we all might want"},{"speaker":"Unknown","startTime":2679.9,"endTime":2683.3199999999997,"body":"to learn more and may wish to"},{"speaker":"Unknown","startTime":2683.56,"endTime":2686.08,"body":"educate ourselves. That's the"},{"speaker":"Unknown","startTime":2683.56,"endTime":2686.08,"body":"starting point. Just to make"},{"speaker":"Unknown","startTime":2686.08,"endTime":2689.14,"body":"that clear, I'm not pushing"},{"speaker":"Unknown","startTime":2686.08,"endTime":2689.14,"body":"Bitcoin in any way, but I am"},{"speaker":"Unknown","startTime":2689.14,"endTime":2693.64,"body":"pushing an education and"},{"speaker":"Unknown","startTime":2689.14,"endTime":2693.64,"body":"learning bottom line in terms of"},{"speaker":"Unknown","startTime":2693.64,"endTime":2699.2999999999997,"body":"facts and statistics, this is"},{"speaker":"Unknown","startTime":2693.64,"endTime":2699.2999999999997,"body":"now around about $2 trillion"},{"speaker":"Unknown","startTime":2700.3199999999997,"endTime":2704.16,"body":"market cap, market cap. It's not"},{"speaker":"Unknown","startTime":2700.3199999999997,"endTime":2704.16,"body":"small. It's been around for over"},{"speaker":"Unknown","startTime":2704.16,"endTime":2707.8199999999997,"body":"15 years. And actually, let me"},{"speaker":"Unknown","startTime":2704.16,"endTime":2707.8199999999997,"body":"make this very clear as well,"},{"speaker":"Unknown","startTime":2707.8199999999997,"endTime":2711.8399999999997,"body":"because Nick, just to clarify on"},{"speaker":"Unknown","startTime":2707.8199999999997,"endTime":2711.8399999999997,"body":"your point, Bitcoin is not"},{"speaker":"Unknown","startTime":2711.8399999999997,"endTime":2715.98,"body":"crypto. Crypto is not Bitcoin."},{"speaker":"Unknown","startTime":2711.8399999999997,"endTime":2715.98,"body":"The whole point is bitcoin is"},{"speaker":"Unknown","startTime":2715.98,"endTime":2718.7,"body":"the only one which is absolutely"},{"speaker":"Unknown","startTime":2715.98,"endTime":2718.7,"body":"decentralized. There's no"},{"speaker":"Unknown","startTime":2718.7,"endTime":2721.64,"body":"company, there's no CEO, there's"},{"speaker":"Unknown","startTime":2718.7,"endTime":2721.64,"body":"no founder, there's no one who"},{"speaker":"Unknown","startTime":2721.64,"endTime":2725.24,"body":"can control or that you know,"},{"speaker":"Unknown","startTime":2721.64,"endTime":2725.24,"body":"the creation or the production."},{"speaker":"Unknown","startTime":2725.24,"endTime":2729.08,"body":"So it's a decentralized"},{"speaker":"Unknown","startTime":2725.24,"endTime":2729.08,"body":"protocol, piece of technology"},{"speaker":"Unknown","startTime":2729.3199999999997,"endTime":2732.98,"body":"which has got a value. Just to"},{"speaker":"Unknown","startTime":2729.3199999999997,"endTime":2732.98,"body":"be clear, there are only ever"},{"speaker":"Unknown","startTime":2732.98,"endTime":2736.6,"body":"going to be 21 million Bitcoins"},{"speaker":"Unknown","startTime":2732.98,"endTime":2736.6,"body":"created. I think there's already"},{"speaker":"Unknown","startTime":2736.6,"endTime":2739.66,"body":"been 19 million mined. So"},{"speaker":"Unknown","startTime":2739.96,"endTime":2742.06,"body":"there's a lot lost Alan along"},{"speaker":"Unknown","startTime":2739.96,"endTime":2742.06,"body":"the way."},{"speaker":"Unknown","startTime":2743.44,"endTime":2747.04,"body":"He fails or something that, yes,"},{"speaker":"Unknown","startTime":2743.44,"endTime":2747.04,"body":"there's been lots of people have"},{"speaker":"Unknown","startTime":2747.04,"endTime":2747.4,"body":"lost"},{"speaker":"Andy Hart","startTime":2747.4,"endTime":2750.94,"body":"them. And the founder"},{"speaker":"Andy Hart","startTime":2747.4,"endTime":2750.94,"body":"million in his own wallet that"},{"speaker":"Andy Hart","startTime":2750.94,"endTime":2754.6,"body":"people see public access to, as"},{"speaker":"Andy Hart","startTime":2750.94,"endTime":2754.6,"body":"in, Yoshi, yeah, come out, or"},{"speaker":"Andy Hart","startTime":2754.6,"endTime":2755.8599999999997,"body":"wherever he's called, hey,"},{"speaker":"Unknown","startTime":2755.8599999999997,"endTime":2758.4,"body":"yeah. So there's"},{"speaker":"Unknown","startTime":2755.8599999999997,"endTime":2758.4,"body":"there's all that sort of thing."},{"speaker":"Unknown","startTime":2758.4,"endTime":2760.8599999999997,"body":"So the point being, it is a"},{"speaker":"Unknown","startTime":2758.4,"endTime":2760.8599999999997,"body":"finite resource, and if there's"},{"speaker":"Unknown","startTime":2760.8599999999997,"endTime":2764.46,"body":"demand for something in a finite"},{"speaker":"Unknown","startTime":2760.8599999999997,"endTime":2764.46,"body":"resource, then it does push the"},{"speaker":"Unknown","startTime":2764.46,"endTime":2771.3599999999997,"body":"price up. Additional statistics,"},{"speaker":"Unknown","startTime":2764.46,"endTime":2771.3599999999997,"body":"12% of the UK population own"},{"speaker":"Unknown","startTime":2771.3599999999997,"endTime":2775.8599999999997,"body":"crypto, of which there are 4"},{"speaker":"Unknown","startTime":2771.3599999999997,"endTime":2775.8599999999997,"body":"million people in the UK who"},{"speaker":"Unknown","startTime":2775.8599999999997,"endTime":2778.7,"body":"own. Bitcoin in some degree or"},{"speaker":"Unknown","startTime":2775.8599999999997,"endTime":2778.7,"body":"another, might be small amounts,"},{"speaker":"Unknown","startTime":2778.7,"endTime":2781.22,"body":"might be medium, might be large"},{"speaker":"Unknown","startTime":2778.7,"endTime":2781.22,"body":"amounts, but there are 4 million"},{"speaker":"Unknown","startTime":2781.22,"endTime":2783.92,"body":"people, I'd imagine. Pro rata,"},{"speaker":"Unknown","startTime":2781.22,"endTime":2783.92,"body":"the numbers be broadly similar"},{"speaker":"Unknown","startTime":2784.04,"endTime":2791.18,"body":"in Ireland and other parts of"},{"speaker":"Unknown","startTime":2784.04,"endTime":2791.18,"body":"the world. Big organizations,"},{"speaker":"Unknown","startTime":2791.18,"endTime":2794.18,"body":"again, in the US, like"},{"speaker":"Unknown","startTime":2791.18,"endTime":2794.18,"body":"BlackRock, like Fidelity, like"},{"speaker":"Unknown","startTime":2794.18,"endTime":2798.1,"body":"some other huge, multi billion"},{"speaker":"Unknown","startTime":2794.18,"endTime":2798.1,"body":"trillion organizations are"},{"speaker":"Unknown","startTime":2798.1,"endTime":2799.66,"body":"embracing one degree,"},{"speaker":"Unknown","startTime":2807.04,"endTime":2812.44,"body":"the concept of Bitcoin, again,"},{"speaker":"Unknown","startTime":2807.04,"endTime":2812.44,"body":"repeated, not, not, not shit"},{"speaker":"Unknown","startTime":2812.44,"endTime":2816.24,"body":"coins, not made up tokens, not"},{"speaker":"Unknown","startTime":2812.44,"endTime":2816.24,"body":"but specifically Bitcoin, as"},{"speaker":"Unknown","startTime":2816.24,"endTime":2819.9,"body":"opposed to crypto. And here's"},{"speaker":"Unknown","startTime":2816.24,"endTime":2819.9,"body":"the other thing, just sharing"},{"speaker":"Unknown","startTime":2819.9,"endTime":2823.92,"body":"personal experience our clients,"},{"speaker":"Unknown","startTime":2819.9,"endTime":2823.92,"body":"our clients are beginning to ask"},{"speaker":"Unknown","startTime":2823.92,"endTime":2827.94,"body":"us and some serious client you"},{"speaker":"Unknown","startTime":2823.92,"endTime":2827.94,"body":"know, we've got quite a few like"},{"speaker":"Unknown","startTime":2827.94,"endTime":2830.7599999999998,"body":"we all have. We've got smart,"},{"speaker":"Unknown","startTime":2827.94,"endTime":2830.7599999999998,"body":"intelligent often,"},{"speaker":"Unknown","startTime":2830.7599999999998,"endTime":2833.16,"body":"entrepreneurs, business owners,"},{"speaker":"Unknown","startTime":2830.7599999999998,"endTime":2833.16,"body":"and you move in those circles,"},{"speaker":"Unknown","startTime":2833.16,"endTime":2836.9,"body":"and the conversation comes up"},{"speaker":"Unknown","startTime":2833.16,"endTime":2836.9,"body":"quite regularly. We had a recent"},{"speaker":"Unknown","startTime":2836.9,"endTime":2840.3199999999997,"body":"client conversation, a client"},{"speaker":"Unknown","startTime":2836.9,"endTime":2840.3199999999997,"body":"who wanted to allocate, in"},{"speaker":"Unknown","startTime":2840.3199999999997,"endTime":2843.14,"body":"monetary terms, quite a large"},{"speaker":"Unknown","startTime":2840.3199999999997,"endTime":2843.14,"body":"sum of money into bitcoin in his"},{"speaker":"Unknown","startTime":2843.14,"endTime":2846.2,"body":"overall percentage of wealth,"},{"speaker":"Unknown","startTime":2843.14,"endTime":2846.2,"body":"relatively small, but he wanted"},{"speaker":"Unknown","startTime":2846.2,"endTime":2850.46,"body":"to allocate. So people are"},{"speaker":"Unknown","startTime":2846.2,"endTime":2850.46,"body":"beginning to ask more about it."},{"speaker":"Unknown","startTime":2850.46,"endTime":2853.58,"body":"And I personally don't think"},{"speaker":"Unknown","startTime":2850.46,"endTime":2853.58,"body":"that. I don't know anything"},{"speaker":"Unknown","startTime":2853.58,"endTime":2856.9,"body":"about it. It's unregulated. I"},{"speaker":"Unknown","startTime":2853.58,"endTime":2856.9,"body":"don't think that it, that is the"},{"speaker":"Unknown","startTime":2856.9,"endTime":2859.66,"body":"only answer that you can give."},{"speaker":"Unknown","startTime":2856.9,"endTime":2859.66,"body":"It's important, I think, for"},{"speaker":"Unknown","startTime":2859.66,"endTime":2863.98,"body":"people to at least know a bit"},{"speaker":"Unknown","startTime":2859.66,"endTime":2863.98,"body":"about it and educate themselves."},{"speaker":"Unknown","startTime":2865.2999999999997,"endTime":2867.88,"body":"It might. I'd like to think, in"},{"speaker":"Unknown","startTime":2865.2999999999997,"endTime":2867.88,"body":"my company, we've always been"},{"speaker":"Unknown","startTime":2867.88,"endTime":2870.7599999999998,"body":"quite innovative. We were very"},{"speaker":"Unknown","startTime":2867.88,"endTime":2870.7599999999998,"body":"early adopters of, you know,"},{"speaker":"Unknown","startTime":2870.7599999999998,"endTime":2874.24,"body":"things like Cash Flow Planning"},{"speaker":"Unknown","startTime":2870.7599999999998,"endTime":2874.24,"body":"before voyant even came to the"},{"speaker":"Unknown","startTime":2874.24,"endTime":2880.02,"body":"UK, investment proposition"},{"speaker":"Unknown","startTime":2874.24,"endTime":2880.02,"body":"platforms nowadays, AI,"},{"speaker":"Unknown","startTime":2880.02,"endTime":2882.96,"body":"technology. So this is, this is"},{"speaker":"Unknown","startTime":2880.02,"endTime":2882.96,"body":"something which is new and"},{"speaker":"Unknown","startTime":2882.96,"endTime":2885.12,"body":"innovative. And I quite like"},{"speaker":"Unknown","startTime":2882.96,"endTime":2885.12,"body":"the, you know, being an"},{"speaker":"Unknown","startTime":2885.12,"endTime":2889.2,"body":"organization, a company, that's,"},{"speaker":"Unknown","startTime":2885.12,"endTime":2889.2,"body":"you know, alive to emerging"},{"speaker":"Unknown","startTime":2889.2,"endTime":2892.5,"body":"changes, uh, interests, things"},{"speaker":"Unknown","startTime":2889.2,"endTime":2892.5,"body":"that our clients are talking"},{"speaker":"Unknown","startTime":2892.5,"endTime":2897.56,"body":"about, and, at the very least,"},{"speaker":"Unknown","startTime":2892.5,"endTime":2897.56,"body":"informing myself about it. So"},{"speaker":"Unknown","startTime":2897.56,"endTime":2900.98,"body":"that's, that's kind of the the"},{"speaker":"Unknown","startTime":2897.56,"endTime":2900.98,"body":"opening salvo. Now, just to be"},{"speaker":"Unknown","startTime":2900.98,"endTime":2905.6,"body":"clear, Bitcoin specifically"},{"speaker":"Unknown","startTime":2900.98,"endTime":2905.6,"body":"isn't, is unregulated in the UK."},{"speaker":"Unknown","startTime":2905.6,"endTime":2908.06,"body":"Even if you wanted to, you"},{"speaker":"Unknown","startTime":2905.6,"endTime":2908.06,"body":"couldn't recommend or advise"},{"speaker":"Unknown","startTime":2908.06,"endTime":2912.14,"body":"upon it. And incredibly, there"},{"speaker":"Unknown","startTime":2908.06,"endTime":2912.14,"body":"aren't even ETFs. The Black roll"},{"speaker":"Unknown","startTime":2912.14,"endTime":2915.44,"body":"ETF available in the US isn't"},{"speaker":"Unknown","startTime":2912.14,"endTime":2915.44,"body":"generally available in the UK."},{"speaker":"Unknown","startTime":2916.7,"endTime":2921.4,"body":"And from what I gather, the FCA"},{"speaker":"Unknown","startTime":2916.7,"endTime":2921.4,"body":"so far seemed to be quite anti"},{"speaker":"Unknown","startTime":2921.7,"endTime":2925.54,"body":"the whole, the whole thing. And"},{"speaker":"Unknown","startTime":2921.7,"endTime":2925.54,"body":"the interesting thing is that,"},{"speaker":"Unknown","startTime":2925.54,"endTime":2929.74,"body":"by the FCA approach to being"},{"speaker":"Unknown","startTime":2925.54,"endTime":2929.74,"body":"completely unregulated, and so"},{"speaker":"Unknown","startTime":2929.74,"endTime":2932.38,"body":"far, all the communications I've"},{"speaker":"Unknown","startTime":2929.74,"endTime":2932.38,"body":"seen from the FCA the bundle"},{"speaker":"Unknown","startTime":2932.38,"endTime":2936.3599999999997,"body":"Bitcoin and crypto together and"},{"speaker":"Unknown","startTime":2932.38,"endTime":2936.3599999999997,"body":"and guess what, you can go out"},{"speaker":"Unknown","startTime":2936.3599999999997,"endTime":2940.14,"body":"and buy like a three times"},{"speaker":"Unknown","startTime":2936.3599999999997,"endTime":2940.14,"body":"leveraged micro strategy stock,"},{"speaker":"Unknown","startTime":2940.14,"endTime":2943.14,"body":"for example, which is, which is"},{"speaker":"Unknown","startTime":2940.14,"endTime":2943.14,"body":"the company that invests"},{"speaker":"Unknown","startTime":2943.14,"endTime":2947.88,"body":"predominantly in Bitcoin, you"},{"speaker":"Unknown","startTime":2943.14,"endTime":2947.88,"body":"can buy that as a UK investor,"},{"speaker":"Unknown","startTime":2948.06,"endTime":2950.46,"body":"but you can't buy bitcoin. So"},{"speaker":"Unknown","startTime":2948.06,"endTime":2950.46,"body":"that you know one is far more"},{"speaker":"Unknown","startTime":2950.46,"endTime":2954.54,"body":"risky, volatile than the other,"},{"speaker":"Unknown","startTime":2950.46,"endTime":2954.54,"body":"arguably. So I think at some"},{"speaker":"Unknown","startTime":2954.54,"endTime":2958.64,"body":"point we will follow the US, as"},{"speaker":"Unknown","startTime":2954.54,"endTime":2958.64,"body":"you say, Nick the you smart"},{"speaker":"Unknown","startTime":2958.64,"endTime":2961.7,"body":"people in the US. From David"},{"speaker":"Unknown","startTime":2958.64,"endTime":2961.7,"body":"Sacks, Howard luck, they're all"},{"speaker":"Unknown","startTime":2961.7,"endTime":2964.64,"body":"talking about whether it's a"},{"speaker":"Unknown","startTime":2961.7,"endTime":2964.64,"body":"strategic Bitcoin reserve, but"},{"speaker":"Unknown","startTime":2964.64,"endTime":2967.64,"body":"the point is, at senior level"},{"speaker":"Unknown","startTime":2964.64,"endTime":2967.64,"body":"and biggest economy in the"},{"speaker":"Unknown","startTime":2967.64,"endTime":2972.3199999999997,"body":"world, it's on the agenda. At"},{"speaker":"Unknown","startTime":2967.64,"endTime":2972.3199999999997,"body":"some point the UK has to embrace"},{"speaker":"Unknown","startTime":2972.3199999999997,"endTime":2976.72,"body":"all coins. What that ruin is"},{"speaker":"Unknown","startTime":2972.3199999999997,"endTime":2976.72,"body":"like, what that looks like, yet"},{"speaker":"Unknown","startTime":2976.7799999999997,"endTime":2979.66,"body":"to be determined. But I'd rather"},{"speaker":"Unknown","startTime":2976.7799999999997,"endTime":2979.66,"body":"be somewhat ahead of the curve"},{"speaker":"Unknown","startTime":2980.2,"endTime":2983.2599999999998,"body":"than just trying to sort of"},{"speaker":"Unknown","startTime":2980.2,"endTime":2983.2599999999998,"body":"catch up as and when the FCA"},{"speaker":"Unknown","startTime":2983.2599999999998,"endTime":2987.64,"body":"makes some big pronouncement."},{"speaker":"Unknown","startTime":2983.2599999999998,"endTime":2987.64,"body":"There's loads of different"},{"speaker":"Unknown","startTime":2987.64,"endTime":2991.72,"body":"reasons that you might want to"},{"speaker":"Unknown","startTime":2987.64,"endTime":2991.72,"body":"consider learning about Bitcoin"},{"speaker":"Unknown","startTime":2991.72,"endTime":2994.7799999999997,"body":"or talking about it, and we"},{"speaker":"Unknown","startTime":2991.72,"endTime":2994.7799999999997,"body":"don't have time to talk about"},{"speaker":"Unknown","startTime":2994.7799999999997,"endTime":2997.5,"body":"all the various levels. The"},{"speaker":"Unknown","startTime":2994.7799999999997,"endTime":2997.5,"body":"number one reason people get"},{"speaker":"Unknown","startTime":2997.5,"endTime":3000.02,"body":"into bitcoin is because the"},{"speaker":"Unknown","startTime":2997.5,"endTime":3000.02,"body":"number keeps going up. They look"},{"speaker":"Unknown","startTime":3000.02,"endTime":3004.04,"body":"at it and go, Wow. Average"},{"speaker":"Unknown","startTime":3000.02,"endTime":3004.04,"body":"annual returns about 60% yes,"},{"speaker":"Unknown","startTime":3004.04,"endTime":3009.5,"body":"it's it's volatile. But a 200 a"},{"speaker":"Unknown","startTime":3004.04,"endTime":3009.5,"body":"200 day moving average, the"},{"speaker":"Unknown","startTime":3009.62,"endTime":3012.68,"body":"chart just basically goes up."},{"speaker":"Unknown","startTime":3009.62,"endTime":3012.68,"body":"It's lots of volatility. What is"},{"speaker":"Unknown","startTime":3012.68,"endTime":3016.1,"body":"driving that return? What is"},{"speaker":"Unknown","startTime":3012.68,"endTime":3016.1,"body":"driving it well, demand. It must"},{"speaker":"Unknown","startTime":3016.1,"endTime":3020.62,"body":"be in a in a finite supply of"},{"speaker":"Unknown","startTime":3016.1,"endTime":3020.62,"body":"something, people are buying it"},{"speaker":"Unknown","startTime":3020.92,"endTime":3026.02,"body":"when I think the Blackrock one"},{"speaker":"Unknown","startTime":3020.92,"endTime":3026.02,"body":"is the most successful ETF ever"},{"speaker":"Unknown","startTime":3026.02,"endTime":3028.54,"body":"launched something. So the"},{"speaker":"Unknown","startTime":3026.02,"endTime":3028.54,"body":"Blackrock themselves are buying"},{"speaker":"Andy Hart","startTime":3028.9,"endTime":3031.42,"body":"new numbers, going"},{"speaker":"Andy Hart","startTime":3028.9,"endTime":3031.42,"body":"new numbers. Aum, that might be"},{"speaker":"Andy Hart","startTime":3031.42,"endTime":3034.18,"body":"correct. Yeah. Now there's a"},{"speaker":"Andy Hart","startTime":3031.42,"endTime":3034.18,"body":"bunch of others."},{"speaker":"Unknown","startTime":3034.18,"endTime":3036.04,"body":"Think fidelity, just"},{"speaker":"Unknown","startTime":3034.18,"endTime":3036.04,"body":"like there's, there's, there's"},{"speaker":"Unknown","startTime":3036.04,"endTime":3037.2,"body":"quite a lot now, who"},{"speaker":"Andy Hart","startTime":3037.2,"endTime":3039.54,"body":"are offering Bitcoin"},{"speaker":"Andy Hart","startTime":3037.2,"endTime":3039.54,"body":"just on the ETF point? Do we"},{"speaker":"Andy Hart","startTime":3039.54,"endTime":3042.66,"body":"think that's going to happen on"},{"speaker":"Andy Hart","startTime":3039.54,"endTime":3042.66,"body":"the horizon? And Carl, are you"},{"speaker":"Andy Hart","startTime":3042.66,"endTime":3046.02,"body":"dictated by what Europe does to"},{"speaker":"Andy Hart","startTime":3042.66,"endTime":3046.02,"body":"launch the ETF in Ireland?"},{"speaker":"Carl Widger","startTime":3048.18,"endTime":3056.24,"body":"Yes, I so. The"},{"speaker":"Carl Widger","startTime":3048.18,"endTime":3056.24,"body":"Irish the central bank have to"},{"speaker":"Carl Widger","startTime":3056.24,"endTime":3059.72,"body":"approve the you know, they have"},{"speaker":"Carl Widger","startTime":3056.24,"endTime":3059.72,"body":"to say that, yeah, this is now a"},{"speaker":"Carl Widger","startTime":3059.72,"endTime":3065.18,"body":"regulated product. So, so yeah,"},{"speaker":"Carl Widger","startTime":3059.72,"endTime":3065.18,"body":"but"},{"speaker":"Unknown","startTime":3065.2999999999997,"endTime":3067.64,"body":"let me just, let me"},{"speaker":"Unknown","startTime":3065.2999999999997,"endTime":3067.64,"body":"just quote you, and then this is"},{"speaker":"Unknown","startTime":3067.64,"endTime":3070.8199999999997,"body":"all hypothetical, but"},{"speaker":"Unknown","startTime":3067.64,"endTime":3070.8199999999997,"body":"historically, just as a matter"},{"speaker":"Unknown","startTime":3070.8199999999997,"endTime":3075.74,"body":"of interest, I've often talked"},{"speaker":"Unknown","startTime":3070.8199999999997,"endTime":3075.74,"body":"in this podcast. We've all got a"},{"speaker":"Unknown","startTime":3075.74,"endTime":3078.3399999999997,"body":"version. A review of it, which"},{"speaker":"Unknown","startTime":3075.74,"endTime":3078.3399999999997,"body":"is like the concept of the"},{"speaker":"Unknown","startTime":3078.3399999999997,"endTime":3081.7,"body":"investment playpen. You buy"},{"speaker":"Unknown","startTime":3078.3399999999997,"endTime":3081.7,"body":"global equities for the, you"},{"speaker":"Unknown","startTime":3082.2999999999997,"endTime":3086.3199999999997,"body":"know, the family fortress,"},{"speaker":"Unknown","startTime":3082.2999999999997,"endTime":3086.3199999999997,"body":"reliable, but you're, you're"},{"speaker":"Unknown","startTime":3086.3199999999997,"endTime":3089.14,"body":"allowed to have a, you know, a"},{"speaker":"Unknown","startTime":3086.3199999999997,"endTime":3089.14,"body":"bit of a punt on the side was 1%"},{"speaker":"Unknown","startTime":3089.5,"endTime":3093.1,"body":"3% 5% or something of your"},{"speaker":"Unknown","startTime":3089.5,"endTime":3093.1,"body":"assets on the basis that if you"},{"speaker":"Unknown","startTime":3093.1,"endTime":3095.62,"body":"lost it all wasn't going to"},{"speaker":"Unknown","startTime":3093.1,"endTime":3095.62,"body":"change too much. And if you got"},{"speaker":"Unknown","startTime":3095.62,"endTime":3098.7599999999998,"body":"a 10x return, it would be, you"},{"speaker":"Unknown","startTime":3095.62,"endTime":3098.7599999999998,"body":"know, happy days. But there's"},{"speaker":"Unknown","startTime":3098.7599999999998,"endTime":3101.16,"body":"some statistics published"},{"speaker":"Unknown","startTime":3098.7599999999998,"endTime":3101.16,"body":"recently. I just give you an"},{"speaker":"Unknown","startTime":3101.16,"endTime":3104.2799999999997,"body":"example, and this is talking"},{"speaker":"Unknown","startTime":3101.16,"endTime":3104.2799999999997,"body":"about 6040 portfolio over the"},{"speaker":"Unknown","startTime":3104.2799999999997,"endTime":3111.0,"body":"last 10 years. 6040 6040 has"},{"speaker":"Unknown","startTime":3104.2799999999997,"endTime":3111.0,"body":"done, on average, about 6.2% a"},{"speaker":"Unknown","startTime":3111.0,"endTime":3114.24,"body":"year the last 10 years. If you"},{"speaker":"Unknown","startTime":3111.0,"endTime":3114.24,"body":"started with a 10, you know, if"},{"speaker":"Unknown","startTime":3114.2999999999997,"endTime":3117.3199999999997,"body":"you're an advisor and you had 10"},{"speaker":"Unknown","startTime":3114.2999999999997,"endTime":3117.3199999999997,"body":"million pounds of client assets"},{"speaker":"Unknown","startTime":3117.98,"endTime":3123.56,"body":"that 6.2% would, over 10 years,"},{"speaker":"Unknown","startTime":3117.98,"endTime":3123.56,"body":"turn up to 18, from 10 million"},{"speaker":"Unknown","startTime":3123.56,"endTime":3127.22,"body":"to 18 point 3 million. If you"},{"speaker":"Unknown","startTime":3123.56,"endTime":3127.22,"body":"allocate, if you had allocated"},{"speaker":"Unknown","startTime":3127.22,"endTime":3133.46,"body":"1% to Bitcoin, the return moves"},{"speaker":"Unknown","startTime":3127.22,"endTime":3133.46,"body":"from 6.26 to 8.15 and the 18"},{"speaker":"Unknown","startTime":3133.46,"endTime":3138.94,"body":"million to 22,000,005% to"},{"speaker":"Unknown","startTime":3133.46,"endTime":3138.94,"body":"Bitcoin, the return goes from,"},{"speaker":"Unknown","startTime":3139.24,"endTime":3141.52,"body":"as I say, 6.26 to 14.78"},{"speaker":"Carl Widger","startTime":3143.2,"endTime":3146.02,"body":"Alan, Alan, with"},{"speaker":"Carl Widger","startTime":3143.2,"endTime":3146.02,"body":"respect those numbers, those"},{"speaker":"Carl Widger","startTime":3146.02,"endTime":3150.46,"body":"numbers like account for a"},{"speaker":"Carl Widger","startTime":3146.02,"endTime":3150.46,"body":"massive increase in Bitcoin in"},{"speaker":"Carl Widger","startTime":3150.46,"endTime":3152.56,"body":"the in the recent past. So"},{"speaker":"Carl Widger","startTime":3150.46,"endTime":3152.56,"body":"that's like picking and"},{"speaker":"Carl Widger","startTime":3152.56,"endTime":3156.2799999999997,"body":"choosing, you know, time frame."},{"speaker":"Carl Widger","startTime":3152.56,"endTime":3156.2799999999997,"body":"You can"},{"speaker":"Andy Hart","startTime":3156.2799999999997,"endTime":3158.16,"body":"just add Tesla stock"},{"speaker":"Andy Hart","startTime":3156.2799999999997,"endTime":3158.16,"body":"there as well. Couldn't, you"},{"speaker":"Andy Hart","startTime":3158.16,"endTime":3158.3399999999997,"body":"know?"},{"speaker":"Unknown","startTime":3158.88,"endTime":3161.52,"body":"No, no. I'm just just"},{"speaker":"Unknown","startTime":3158.88,"endTime":3161.52,"body":"saying, if had to, if someone"},{"speaker":"Unknown","startTime":3161.52,"endTime":3164.94,"body":"had had, and some of our clients"},{"speaker":"Unknown","startTime":3161.52,"endTime":3164.94,"body":"had video, we don't manage it,"},{"speaker":"Unknown","startTime":3164.94,"endTime":3168.8399999999997,"body":"okay, but had they allocated a"},{"speaker":"Unknown","startTime":3164.94,"endTime":3168.8399999999997,"body":"1% a 2% allocation of their"},{"speaker":"Unknown","startTime":3168.8399999999997,"endTime":3169.56,"body":"wealth to this"},{"speaker":"Andy Hart","startTime":3169.68,"endTime":3172.56,"body":"and rode it through"},{"speaker":"Andy Hart","startTime":3169.68,"endTime":3172.56,"body":"all the cycles of extreme pull"},{"speaker":"Andy Hart","startTime":3172.56,"endTime":3176.6,"body":"downs, which, again, humans have"},{"speaker":"Andy Hart","startTime":3172.56,"endTime":3176.6,"body":"found to not be able to do. But"},{"speaker":"Andy Hart","startTime":3176.6,"endTime":3179.2999999999997,"body":"I get the maths. I get your"},{"speaker":"Andy Hart","startTime":3176.6,"endTime":3179.2999999999997,"body":"point. Well,"},{"speaker":"Unknown","startTime":3179.2999999999997,"endTime":3183.3199999999997,"body":"I mean, again on that,"},{"speaker":"Unknown","startTime":3179.2999999999997,"endTime":3183.3199999999997,"body":"again, just we can't say"},{"speaker":"Andy Hart","startTime":3183.56,"endTime":3187.04,"body":"to someone. We can"},{"speaker":"Andy Hart","startTime":3183.56,"endTime":3187.04,"body":"have discussions with them, of"},{"speaker":"Andy Hart","startTime":3187.04,"endTime":3189.02,"body":"course. Okay, here's what I'm"},{"speaker":"Andy Hart","startTime":3187.04,"endTime":3189.02,"body":"thinking. Andy, okay, why are"},{"speaker":"Andy Hart","startTime":3189.02,"endTime":3191.12,"body":"you thinking that? Well, does"},{"speaker":"Andy Hart","startTime":3189.02,"endTime":3191.12,"body":"that make sense? Yeah, that"},{"speaker":"Andy Hart","startTime":3191.12,"endTime":3193.1,"body":"seems a bit punch. You know,"},{"speaker":"Andy Hart","startTime":3191.12,"endTime":3193.1,"body":"that could make sense if you"},{"speaker":"Andy Hart","startTime":3193.1,"endTime":3196.6,"body":"found somewhere to access it. We"},{"speaker":"Andy Hart","startTime":3193.1,"endTime":3196.6,"body":"can't ever say this is the"},{"speaker":"Andy Hart","startTime":3196.6,"endTime":3200.02,"body":"platform. This is the provider."},{"speaker":"Andy Hart","startTime":3196.6,"endTime":3200.02,"body":"This is the fund, unless it"},{"speaker":"Andy Hart","startTime":3200.02,"endTime":3203.38,"body":"becomes a regulated product"},{"speaker":"Andy Hart","startTime":3200.02,"endTime":3203.38,"body":"packaged in a regulated entity,"},{"speaker":"Andy Hart","startTime":3203.38,"endTime":3205.0,"body":"unit, trust or ETF, yeah,"},{"speaker":"Unknown","startTime":3205.06,"endTime":3207.7599999999998,"body":"I agree. And I think"},{"speaker":"Unknown","startTime":3205.06,"endTime":3207.7599999999998,"body":"one of one of our roles should"},{"speaker":"Unknown","startTime":3207.7599999999998,"endTime":3210.2799999999997,"body":"be to for the client. It says,"},{"speaker":"Unknown","startTime":3207.7599999999998,"endTime":3210.2799999999997,"body":"whatever you're doing, I'm going"},{"speaker":"Unknown","startTime":3210.2799999999997,"endTime":3213.1,"body":"to go and buy something. Because"},{"speaker":"Unknown","startTime":3210.2799999999997,"endTime":3213.1,"body":"everyone I'd speak to things go"},{"speaker":"Unknown","startTime":3213.2799999999997,"endTime":3217.92,"body":"you want to be able to say, by"},{"speaker":"Unknown","startTime":3213.2799999999997,"endTime":3217.92,"body":"all means, do, but if you do,"},{"speaker":"Unknown","startTime":3218.7,"endTime":3222.18,"body":"don't buy shit. Here's a few of"},{"speaker":"Unknown","startTime":3218.7,"endTime":3222.18,"body":"the key key points that you"},{"speaker":"Unknown","startTime":3222.18,"endTime":3225.24,"body":"should bear in mind. This is 10"},{"speaker":"Unknown","startTime":3222.18,"endTime":3225.24,"body":"foot high letters. This is not"},{"speaker":"Unknown","startTime":3225.24,"endTime":3229.14,"body":"advice. So the last part, I just"},{"speaker":"Unknown","startTime":3225.24,"endTime":3229.14,"body":"say, just that you don't have a"},{"speaker":"Unknown","startTime":3229.14,"endTime":3231.48,"body":"conversation, yeah,"},{"speaker":"Unknown","startTime":3229.14,"endTime":3231.48,"body":"conversation. Just say, there's"},{"speaker":"Unknown","startTime":3231.48,"endTime":3236.1,"body":"just so I but I would encourage"},{"speaker":"Unknown","startTime":3231.48,"endTime":3236.1,"body":"anyone just to learn a bit more,"},{"speaker":"Unknown","startTime":3236.1,"endTime":3238.2799999999997,"body":"because it's basically all this"},{"speaker":"Unknown","startTime":3236.1,"endTime":3238.2799999999997,"body":"is basically the story about"},{"speaker":"Unknown","startTime":3238.2799999999997,"endTime":3242.24,"body":"money, what the purpose of money"},{"speaker":"Unknown","startTime":3238.2799999999997,"endTime":3242.24,"body":"is, and the fact that the"},{"speaker":"Unknown","startTime":3242.24,"endTime":3247.16,"body":"situation, yeah, it's just, it's"},{"speaker":"Unknown","startTime":3242.24,"endTime":3247.16,"body":"a new version of money that"},{"speaker":"Unknown","startTime":3247.16,"endTime":3250.04,"body":"can't be diluted, attacked, and"},{"speaker":"Unknown","startTime":3247.16,"endTime":3250.04,"body":"all the rest. Obviously, it's"},{"speaker":"Unknown","startTime":3250.04,"endTime":3252.38,"body":"got lots of applications around"},{"speaker":"Unknown","startTime":3250.04,"endTime":3252.38,"body":"the world. Aren't still"},{"speaker":"Unknown","startTime":3252.38,"endTime":3255.5,"body":"relevant. And I would say for"},{"speaker":"Unknown","startTime":3252.38,"endTime":3255.5,"body":"most of our clients, it is less"},{"speaker":"Unknown","startTime":3255.5,"endTime":3258.22,"body":"relevant because, as Carl's just"},{"speaker":"Unknown","startTime":3255.5,"endTime":3258.22,"body":"pointed out, you can transfer"},{"speaker":"Unknown","startTime":3258.22,"endTime":3260.5,"body":"money anywhere in the world"},{"speaker":"Unknown","startTime":3258.22,"endTime":3260.5,"body":"quickly using Revolut or"},{"speaker":"Unknown","startTime":3260.5,"endTime":3264.2799999999997,"body":"whatever. Most are invested in"},{"speaker":"Unknown","startTime":3260.5,"endTime":3264.2799999999997,"body":"equity. So they released got"},{"speaker":"Unknown","startTime":3264.2799999999997,"endTime":3265.66,"body":"some protection against"},{"speaker":"Unknown","startTime":3265.8399999999997,"endTime":3268.42,"body":"you can buy bitcoin via via"},{"speaker":"Unknown","startTime":3265.8399999999997,"endTime":3268.42,"body":"Revolut"},{"speaker":"Unknown","startTime":3269.62,"endTime":3272.68,"body":"as well. All I would say was I"},{"speaker":"Unknown","startTime":3269.62,"endTime":3272.68,"body":"mentioned, I think I mentioned"},{"speaker":"Unknown","startTime":3272.68,"endTime":3276.42,"body":"this in a past episode. I think"},{"speaker":"Unknown","startTime":3272.68,"endTime":3276.42,"body":"I posted a link to it, the video"},{"speaker":"Unknown","startTime":3276.42,"endTime":3280.08,"body":"that Joe Bryan has created"},{"speaker":"Unknown","startTime":3276.42,"endTime":3280.08,"body":"called What's the problem, and"},{"speaker":"Unknown","startTime":3280.08,"endTime":3282.8399999999997,"body":"that just starts with it"},{"speaker":"Unknown","startTime":3280.08,"endTime":3282.8399999999997,"body":"doesn't. It's not trying to"},{"speaker":"Unknown","startTime":3282.9,"endTime":3285.42,"body":"promote Bitcoin. It's saying"},{"speaker":"Unknown","startTime":3282.9,"endTime":3285.42,"body":"these are the problems with the"},{"speaker":"Unknown","startTime":3285.42,"endTime":3288.7799999999997,"body":"economy. And again, story for"},{"speaker":"Unknown","startTime":3285.42,"endTime":3288.7799999999997,"body":"another time, there's loads of"},{"speaker":"Unknown","startTime":3288.7799999999997,"endTime":3291.2999999999997,"body":"problems with the economy. Maybe"},{"speaker":"Unknown","startTime":3288.7799999999997,"endTime":3291.2999999999997,"body":"we're sheltered from it. Maybe"},{"speaker":"Unknown","startTime":3291.2999999999997,"endTime":3294.48,"body":"we deal with affluent clients,"},{"speaker":"Unknown","startTime":3291.2999999999997,"endTime":3294.48,"body":"but there are loads and loads of"},{"speaker":"Unknown","startTime":3294.48,"endTime":3297.68,"body":"problems. So watch the video by"},{"speaker":"Unknown","startTime":3294.48,"endTime":3297.68,"body":"Joe brink, or what's the"},{"speaker":"Unknown","startTime":3297.68,"endTime":3300.74,"body":"problem, and read a book, read"},{"speaker":"Unknown","startTime":3297.68,"endTime":3300.74,"body":"broken money by Linda Alan."},{"speaker":"Carl Widger","startTime":3300.74,"endTime":3303.68,"body":"I did watch it,"},{"speaker":"Carl Widger","startTime":3300.74,"endTime":3303.68,"body":"though, and it's interesting,"},{"speaker":"Carl Widger","startTime":3303.68,"endTime":3307.64,"body":"and it's well put together, but"},{"speaker":"Carl Widger","startTime":3303.68,"endTime":3307.64,"body":"it's also from the outset, it's"},{"speaker":"Carl Widger","startTime":3307.64,"endTime":3311.12,"body":"clear the conclusion that we're"},{"speaker":"Carl Widger","startTime":3307.64,"endTime":3311.12,"body":"going to come to, and I'm not"},{"speaker":"Carl Widger","startTime":3311.12,"endTime":3315.98,"body":"sure things are as broken as the"},{"speaker":"Carl Widger","startTime":3311.12,"endTime":3315.98,"body":"video outlines, right? That that"},{"speaker":"Carl Widger","startTime":3315.98,"endTime":3322.8399999999997,"body":"it's, as I don't know, draconian"},{"speaker":"Carl Widger","startTime":3315.98,"endTime":3322.8399999999997,"body":"an outcome that's that we're"},{"speaker":"Carl Widger","startTime":3322.8399999999997,"endTime":3327.3399999999997,"body":"going to be facing. I am, I'm,"},{"speaker":"Carl Widger","startTime":3322.8399999999997,"endTime":3327.3399999999997,"body":"I'm slagged off every time this"},{"speaker":"Carl Widger","startTime":3327.3399999999997,"endTime":3332.62,"body":"comes up and and people slag me"},{"speaker":"Carl Widger","startTime":3327.3399999999997,"endTime":3332.62,"body":"off and say I don't have any"},{"speaker":"Carl Widger","startTime":3332.62,"endTime":3336.22,"body":"knowledge about it at all. I've"},{"speaker":"Carl Widger","startTime":3332.62,"endTime":3336.22,"body":"done as much reading as anybody"},{"speaker":"Carl Widger","startTime":3336.22,"endTime":3337.2599999999998,"body":"else on this thing,"},{"speaker":"Unknown","startTime":3337.2599999999998,"endTime":3339.6,"body":"right? Probably more,"},{"speaker":"Unknown","startTime":3337.2599999999998,"endTime":3339.6,"body":"probably more. Carl, no, take"},{"speaker":"Unknown","startTime":3339.6,"endTime":3341.16,"body":"the piss. Probably more. So"},{"speaker":"Carl Widger","startTime":3341.22,"endTime":3347.58,"body":"I am as MD of met"},{"speaker":"Carl Widger","startTime":3341.22,"endTime":3347.58,"body":"as Ireland. It's my duty to tell"},{"speaker":"Carl Widger","startTime":3347.58,"endTime":3352.08,"body":"my clients what I think they"},{"speaker":"Carl Widger","startTime":3347.58,"endTime":3352.08,"body":"should be investing in. Now,"},{"speaker":"Carl Widger","startTime":3352.2,"endTime":3355.3199999999997,"body":"from the outset, I will say, Go"},{"speaker":"Carl Widger","startTime":3352.2,"endTime":3355.3199999999997,"body":"back to your playpen thing. I"},{"speaker":"Carl Widger","startTime":3355.3199999999997,"endTime":3359.42,"body":"have had this discussion with"},{"speaker":"Carl Widger","startTime":3355.3199999999997,"endTime":3359.42,"body":"people who have shit loads of"},{"speaker":"Carl Widger","startTime":3359.42,"endTime":3363.92,"body":"money and want to have a"},{"speaker":"Carl Widger","startTime":3359.42,"endTime":3363.92,"body":"playpen. I'm like, we can, we"},{"speaker":"Carl Widger","startTime":3363.92,"endTime":3366.8599999999997,"body":"can tell you how to work that if"},{"speaker":"Carl Widger","startTime":3363.92,"endTime":3366.8599999999997,"body":"you're, if you're interested in"},{"speaker":"Carl Widger","startTime":3366.8599999999997,"endTime":3370.7599999999998,"body":"Bitcoin or cryptocurrency,"},{"speaker":"Carl Widger","startTime":3366.8599999999997,"endTime":3370.7599999999998,"body":"currency. So we do have those,"},{"speaker":"Carl Widger","startTime":3370.8199999999997,"endTime":3374.7799999999997,"body":"those conversations. Can't know,"},{"speaker":"Carl Widger","startTime":3370.8199999999997,"endTime":3374.7799999999997,"body":"but generally speaking, and I'll"},{"speaker":"Carl Widger","startTime":3374.7799999999997,"endTime":3377.8599999999997,"body":"just make these few points,"},{"speaker":"Carl Widger","startTime":3374.7799999999997,"endTime":3377.8599999999997,"body":"right? Right? And some of them"},{"speaker":"Carl Widger","startTime":3377.8599999999997,"endTime":3383.3199999999997,"body":"have already been mentioned. I"},{"speaker":"Carl Widger","startTime":3377.8599999999997,"endTime":3383.3199999999997,"body":"have found it in the Trump's"},{"speaker":"Carl Widger","startTime":3383.3199999999997,"endTime":3390.4,"body":"first 100 days more difficult or"},{"speaker":"Carl Widger","startTime":3383.3199999999997,"endTime":3390.4,"body":"more common, that that people"},{"speaker":"Carl Widger","startTime":3390.46,"endTime":3393.8199999999997,"body":"out there, not necessarily our"},{"speaker":"Carl Widger","startTime":3390.46,"endTime":3393.8199999999997,"body":"clients, but people out there,"},{"speaker":"Carl Widger","startTime":3393.94,"endTime":3398.4,"body":"are much more frazzled about"},{"speaker":"Carl Widger","startTime":3393.94,"endTime":3398.4,"body":"investment markets and their"},{"speaker":"Carl Widger","startTime":3398.4,"endTime":3401.46,"body":"investments going down, or their"},{"speaker":"Carl Widger","startTime":3398.4,"endTime":3401.46,"body":"pension funds going down right"},{"speaker":"Carl Widger","startTime":3401.94,"endTime":3406.14,"body":"now that's in a period of, this"},{"speaker":"Carl Widger","startTime":3401.94,"endTime":3406.14,"body":"isn't, this wasn't real"},{"speaker":"Carl Widger","startTime":3406.14,"endTime":3409.62,"body":"volatility at all, you know,"},{"speaker":"Carl Widger","startTime":3406.14,"endTime":3409.62,"body":"this was just a little bump in"},{"speaker":"Carl Widger","startTime":3409.62,"endTime":3413.58,"body":"the road. And yet, we're finding"},{"speaker":"Carl Widger","startTime":3409.62,"endTime":3413.58,"body":"people, you know, really, really"},{"speaker":"Carl Widger","startTime":3413.58,"endTime":3418.8199999999997,"body":"nervous. And I know of a client"},{"speaker":"Carl Widger","startTime":3413.58,"endTime":3418.8199999999997,"body":"whose son was invested with"},{"speaker":"Carl Widger","startTime":3418.88,"endTime":3423.2599999999998,"body":"Bitcoin, and he was worth an"},{"speaker":"Carl Widger","startTime":3418.88,"endTime":3423.2599999999998,"body":"absolute load of money, and came"},{"speaker":"Carl Widger","startTime":3423.2599999999998,"endTime":3426.2,"body":"in to see me, and I said he"},{"speaker":"Carl Widger","startTime":3423.2599999999998,"endTime":3426.2,"body":"wanted to buy a house. And I"},{"speaker":"Carl Widger","startTime":3426.2,"endTime":3429.62,"body":"said, Well, look, this is, this"},{"speaker":"Carl Widger","startTime":3426.2,"endTime":3429.62,"body":"is easy peasy. Sell your Bitcoin"},{"speaker":"Carl Widger","startTime":3429.62,"endTime":3432.02,"body":"and buy your house, and you're,"},{"speaker":"Carl Widger","startTime":3429.62,"endTime":3432.02,"body":"you're still left with some of"},{"speaker":"Carl Widger","startTime":3432.02,"endTime":3434.54,"body":"your Bitcoin. You get that much"},{"speaker":"Carl Widger","startTime":3432.02,"endTime":3434.54,"body":"of it. He didn't do any of it."},{"speaker":"Carl Widger","startTime":3434.9,"endTime":3439.54,"body":"It then absolutely tanked, and"},{"speaker":"Carl Widger","startTime":3434.9,"endTime":3439.54,"body":"he lost most of his money, and"},{"speaker":"Carl Widger","startTime":3439.54,"endTime":3443.7999999999997,"body":"then he sold out. And the guy is"},{"speaker":"Carl Widger","startTime":3439.54,"endTime":3443.7999999999997,"body":"what, well at the time was, was,"},{"speaker":"Carl Widger","startTime":3443.7999999999997,"endTime":3448.06,"body":"I've told this story before, was"},{"speaker":"Carl Widger","startTime":3443.7999999999997,"endTime":3448.06,"body":"depressed, so the volatility,"},{"speaker":"Carl Widger","startTime":3448.06,"endTime":3454.24,"body":"most, most investors are not"},{"speaker":"Carl Widger","startTime":3448.06,"endTime":3454.24,"body":"ready for this level of"},{"speaker":"Carl Widger","startTime":3454.24,"endTime":3457.92,"body":"volatility and to lose this"},{"speaker":"Carl Widger","startTime":3454.24,"endTime":3457.92,"body":"level of money, if it's with a"},{"speaker":"Carl Widger","startTime":3457.92,"endTime":3461.4,"body":"significant amount of their"},{"speaker":"Carl Widger","startTime":3457.92,"endTime":3461.4,"body":"money, brutal. So therefore, for"},{"speaker":"Carl Widger","startTime":3461.4,"endTime":3464.3399999999997,"body":"me, as the MD of medicine"},{"speaker":"Carl Widger","startTime":3461.4,"endTime":3464.3399999999997,"body":"Ireland, putting together client"},{"speaker":"Carl Widger","startTime":3464.3399999999997,"endTime":3468.66,"body":"investment portfolios, I don't"},{"speaker":"Carl Widger","startTime":3464.3399999999997,"endTime":3468.66,"body":"think it's appropriate, because"},{"speaker":"Carl Widger","startTime":3468.66,"endTime":3472.68,"body":"I don't think we will manage to"},{"speaker":"Carl Widger","startTime":3468.66,"endTime":3472.68,"body":"make all of our clients stay in"},{"speaker":"Carl Widger","startTime":3472.68,"endTime":3474.24,"body":"their seats. Okay, just,"},{"speaker":"Unknown","startTime":3474.24,"endTime":3476.96,"body":"just to be clear, I, as"},{"speaker":"Unknown","startTime":3474.24,"endTime":3476.96,"body":"I said right the beginning, I'm"},{"speaker":"Unknown","startTime":3476.96,"endTime":3479.9,"body":"not in any way promoting this. I"},{"speaker":"Unknown","startTime":3476.96,"endTime":3479.9,"body":"couldn't even if I wanted to."},{"speaker":"Unknown","startTime":3480.02,"endTime":3482.72,"body":"Yeah, but what's talking about?"},{"speaker":"Unknown","startTime":3480.02,"endTime":3482.72,"body":"Being educated and informed so"},{"speaker":"Unknown","startTime":3482.72,"endTime":3486.14,"body":"we can have an intelligent"},{"speaker":"Unknown","startTime":3482.72,"endTime":3486.14,"body":"discussion with a client. And"},{"speaker":"Carl Widger","startTime":3486.14,"endTime":3488.6,"body":"I accept that"},{"speaker":"Carl Widger","startTime":3486.14,"endTime":3488.6,"body":"point. It's, it's, I suppose"},{"speaker":"Carl Widger","startTime":3488.6,"endTime":3492.38,"body":"what I'm doing is I'm defending"},{"speaker":"Carl Widger","startTime":3488.6,"endTime":3492.38,"body":"myself against the people who"},{"speaker":"Carl Widger","startTime":3492.44,"endTime":3497.14,"body":"are online and under in our"},{"speaker":"Carl Widger","startTime":3492.44,"endTime":3497.14,"body":"comments, right? They do go"},{"speaker":"Carl Widger","startTime":3497.14,"endTime":3499.7799999999997,"body":"cart, which doesn't know what"},{"speaker":"Carl Widger","startTime":3497.14,"endTime":3499.7799999999997,"body":"he's talking about, right? So"},{"speaker":"Carl Widger","startTime":3499.8399999999997,"endTime":3504.3399999999997,"body":"today I'm putting a marker in"},{"speaker":"Carl Widger","startTime":3499.8399999999997,"endTime":3504.3399999999997,"body":"the ground saying, I do, but,"},{"speaker":"Carl Widger","startTime":3504.3399999999997,"endTime":3507.52,"body":"but I have, that's just my way"},{"speaker":"Carl Widger","startTime":3504.3399999999997,"endTime":3507.52,"body":"of doing it. Is, like, I don't"},{"speaker":"Carl Widger","startTime":3507.52,"endTime":3509.92,"body":"really understand it. But I tell"},{"speaker":"Carl Widger","startTime":3507.52,"endTime":3509.92,"body":"you what I don't understand,"},{"speaker":"Carl Widger","startTime":3509.92,"endTime":3512.2599999999998,"body":"right? Satoshi, whatever his"},{"speaker":"Carl Widger","startTime":3509.92,"endTime":3512.2599999999998,"body":"name is, right? As Andy was"},{"speaker":"Carl Widger","startTime":3512.2599999999998,"endTime":3514.8399999999997,"body":"talking about, he still has a"},{"speaker":"Carl Widger","startTime":3512.2599999999998,"endTime":3514.8399999999997,"body":"million or whatever. I can't get"},{"speaker":"Carl Widger","startTime":3514.8399999999997,"endTime":3517.68,"body":"my head around that shit. Like,"},{"speaker":"Carl Widger","startTime":3514.8399999999997,"endTime":3517.68,"body":"I just can't, right? Anyway,"},{"speaker":"Carl Widger","startTime":3517.74,"endTime":3521.04,"body":"that's let me just let me know."},{"speaker":"Carl Widger","startTime":3517.74,"endTime":3521.04,"body":"Let me go on, because I do want"},{"speaker":"Carl Widger","startTime":3521.04,"endTime":3524.22,"body":"to make sure that I make all"},{"speaker":"Carl Widger","startTime":3521.04,"endTime":3524.22,"body":"these points and let the haters"},{"speaker":"Carl Widger","startTime":3524.22,"endTime":3528.72,"body":"come back then, right? So I"},{"speaker":"Carl Widger","startTime":3524.22,"endTime":3528.72,"body":"don't believe that this is, is"},{"speaker":"Carl Widger","startTime":3528.72,"endTime":3534.9,"body":"Bitcoin a currency, a crypto"},{"speaker":"Carl Widger","startTime":3528.72,"endTime":3534.9,"body":"currency, right? So, is it a"},{"speaker":"Carl Widger","startTime":3534.9,"endTime":3539.12,"body":"currency? So therefore it's not."},{"speaker":"Carl Widger","startTime":3534.9,"endTime":3539.12,"body":"So I would argue, because it"},{"speaker":"Carl Widger","startTime":3539.12,"endTime":3544.1,"body":"does not generate a dividend,"},{"speaker":"Carl Widger","startTime":3539.12,"endTime":3544.1,"body":"yes or income or cash flow, that"},{"speaker":"Carl Widger","startTime":3544.1,"endTime":3550.2799999999997,"body":"it should not be dictated as an"},{"speaker":"Carl Widger","startTime":3544.1,"endTime":3550.2799999999997,"body":"asset class, correct, because it"},{"speaker":"Carl Widger","startTime":3550.2799999999997,"endTime":3553.4,"body":"has no intrinsic value? Correct?"},{"speaker":"Carl Widger","startTime":3550.2799999999997,"endTime":3553.4,"body":"Okay,"},{"speaker":"Unknown","startTime":3555.02,"endTime":3557.14,"body":"that's fine, and that's"},{"speaker":"Unknown","startTime":3555.02,"endTime":3557.14,"body":"that's true, but"},{"speaker":"Carl Widger","startTime":3559.12,"endTime":3562.0,"body":"it's not an asset"},{"speaker":"Carl Widger","startTime":3559.12,"endTime":3562.0,"body":"class. I was just going to say I"},{"speaker":"Carl Widger","startTime":3562.0,"endTime":3565.42,"body":"would not, was. That's why we"},{"speaker":"Carl Widger","startTime":3562.0,"endTime":3565.42,"body":"would not put gold into our"},{"speaker":"Carl Widger","startTime":3565.42,"endTime":3569.62,"body":"client portfolios, right? So,"},{"speaker":"Carl Widger","startTime":3565.42,"endTime":3569.62,"body":"and I'm comfortable saying gold"},{"speaker":"Carl Widger","startTime":3569.62,"endTime":3573.58,"body":"should not be in our portfolios,"},{"speaker":"Carl Widger","startTime":3569.62,"endTime":3573.58,"body":"even though gold has just any"},{"speaker":"Andy Hart","startTime":3574.12,"endTime":3577.08,"body":"commodity, exactly,"},{"speaker":"Andy Hart","startTime":3574.12,"endTime":3577.08,"body":"no natural income, not really."},{"speaker":"Carl Widger","startTime":3577.44,"endTime":3579.48,"body":"So that's my that's"},{"speaker":"Carl Widger","startTime":3577.44,"endTime":3579.48,"body":"my second point, right? I won't"},{"speaker":"Carl Widger","startTime":3579.48,"endTime":3585.7799999999997,"body":"neighbor these points right, the"},{"speaker":"Carl Widger","startTime":3579.48,"endTime":3585.7799999999997,"body":"how regulation and how"},{"speaker":"Carl Widger","startTime":3585.7799999999997,"endTime":3589.7999999999997,"body":"mainstream central banks deal"},{"speaker":"Carl Widger","startTime":3585.7799999999997,"endTime":3589.7999999999997,"body":"with this, how taxation evolves"},{"speaker":"Carl Widger","startTime":3589.7999999999997,"endTime":3594.3599999999997,"body":"with this. I don't think anybody"},{"speaker":"Carl Widger","startTime":3589.7999999999997,"endTime":3594.3599999999997,"body":"knows how what that looks like."},{"speaker":"Carl Widger","startTime":3594.66,"endTime":3598.1,"body":"And there certainly could be, or"},{"speaker":"Carl Widger","startTime":3594.66,"endTime":3598.1,"body":"should be or might be fight"},{"speaker":"Carl Widger","startTime":3598.1,"endTime":3601.3399999999997,"body":"backs right from the mainstream."},{"speaker":"Carl Widger","startTime":3598.1,"endTime":3601.3399999999997,"body":"Whether that's good or bad, I"},{"speaker":"Carl Widger","startTime":3601.3399999999997,"endTime":3605.24,"body":"don't know but, but it could"},{"speaker":"Carl Widger","startTime":3601.3399999999997,"endTime":3605.24,"body":"make some people's holdings"},{"speaker":"Carl Widger","startTime":3605.24,"endTime":3608.66,"body":"worth a lot less than what they"},{"speaker":"Carl Widger","startTime":3605.24,"endTime":3608.66,"body":"are now. Now, Andy, you did"},{"speaker":"Carl Widger","startTime":3608.66,"endTime":3612.02,"body":"mention stable coin, right? So"},{"speaker":"Carl Widger","startTime":3608.66,"endTime":3612.02,"body":"when you've got the likes of the"},{"speaker":"Carl Widger","startTime":3612.08,"endTime":3615.92,"body":"Collison brothers in stripe"},{"speaker":"Carl Widger","startTime":3612.08,"endTime":3615.92,"body":"buying bridge, I think they were"},{"speaker":"Carl Widger","startTime":3615.92,"endTime":3620.68,"body":"called for 1.1 billion in order"},{"speaker":"Carl Widger","startTime":3615.92,"endTime":3620.68,"body":"to be able to accept and to do"},{"speaker":"Carl Widger","startTime":3620.68,"endTime":3624.4,"body":"payments over stable coin. Now"},{"speaker":"Carl Widger","startTime":3620.68,"endTime":3624.4,"body":"you're starting to see is this."},{"speaker":"Carl Widger","startTime":3624.52,"endTime":3627.7,"body":"This is stepping into to"},{"speaker":"Carl Widger","startTime":3624.52,"endTime":3627.7,"body":"mainstream. You mentioned David"},{"speaker":"Carl Widger","startTime":3627.7,"endTime":3631.96,"body":"Sacks, and his job is to be the"},{"speaker":"Carl Widger","startTime":3627.7,"endTime":3631.96,"body":"crypto SAR in Trump's"},{"speaker":"Carl Widger","startTime":3631.96,"endTime":3635.68,"body":"government. However, if you read"},{"speaker":"Carl Widger","startTime":3631.96,"endTime":3635.68,"body":"a lot about that, they're not"},{"speaker":"Carl Widger","startTime":3635.68,"endTime":3639.06,"body":"actually buying up shitloads of"},{"speaker":"Carl Widger","startTime":3635.68,"endTime":3639.06,"body":"Bitcoin. They're just taking the"},{"speaker":"Carl Widger","startTime":3639.06,"endTime":3642.18,"body":"stuff that they've seized from"},{"speaker":"Carl Widger","startTime":3639.06,"endTime":3642.18,"body":"criminals, and that's what"},{"speaker":"Carl Widger","startTime":3642.18,"endTime":3645.12,"body":"they're putting into their their"},{"speaker":"Carl Widger","startTime":3642.18,"endTime":3645.12,"body":"bank. So they're not actually"},{"speaker":"Carl Widger","startTime":3645.12,"endTime":3650.2799999999997,"body":"active buyers, as far as I'm"},{"speaker":"Carl Widger","startTime":3645.12,"endTime":3650.2799999999997,"body":"aware of cryptocurrency another"},{"speaker":"Carl Widger","startTime":3650.2799999999997,"endTime":3654.0,"body":"one, right? So if people are"},{"speaker":"Carl Widger","startTime":3650.2799999999997,"endTime":3654.0,"body":"going buying bitcoins directly,"},{"speaker":"Carl Widger","startTime":3654.12,"endTime":3658.64,"body":"right? We laughed and joked"},{"speaker":"Carl Widger","startTime":3654.12,"endTime":3658.64,"body":"about that Aegis, who lost his"},{"speaker":"Carl Widger","startTime":3659.42,"endTime":3663.14,"body":"thing, yeah, his his the keys in"},{"speaker":"Carl Widger","startTime":3659.42,"endTime":3663.14,"body":"his laptop, and there it's in a"},{"speaker":"Carl Widger","startTime":3663.14,"endTime":3667.04,"body":"dump somewhere. Yeah, right."},{"speaker":"Carl Widger","startTime":3663.14,"endTime":3667.04,"body":"There you go, right. Do do our"},{"speaker":"Carl Widger","startTime":3667.04,"endTime":3670.4,"body":"clients like, what do we always"},{"speaker":"Carl Widger","startTime":3667.04,"endTime":3670.4,"body":"say about our clients? You know,"},{"speaker":"Carl Widger","startTime":3670.4,"endTime":3673.88,"body":"you will have segregated assets"},{"speaker":"Carl Widger","startTime":3670.4,"endTime":3673.88,"body":"if anything goes wrong, it's"},{"speaker":"Carl Widger","startTime":3673.88,"endTime":3676.42,"body":"never going to be a Lehman"},{"speaker":"Carl Widger","startTime":3673.88,"endTime":3676.42,"body":"Brothers, where we did not. Know"},{"speaker":"Carl Widger","startTime":3676.42,"endTime":3679.8399999999997,"body":"what was where your assets were,"},{"speaker":"Carl Widger","startTime":3676.42,"endTime":3679.8399999999997,"body":"you'll always have a segregated"},{"speaker":"Carl Widger","startTime":3679.8399999999997,"endTime":3682.9,"body":"account, and we'll always be"},{"speaker":"Carl Widger","startTime":3679.8399999999997,"endTime":3682.9,"body":"able to know exactly where your"},{"speaker":"Carl Widger","startTime":3682.9,"endTime":3686.14,"body":"money is. And then my final"},{"speaker":"Carl Widger","startTime":3682.9,"endTime":3686.14,"body":"point, and I think this is"},{"speaker":"Carl Widger","startTime":3686.14,"endTime":3691.24,"body":"probably the most important, a"},{"speaker":"Carl Widger","startTime":3686.14,"endTime":3691.24,"body":"little bit like AI, the great"},{"speaker":"Carl Widger","startTime":3691.24,"endTime":3694.12,"body":"companies of the world that we"},{"speaker":"Carl Widger","startTime":3691.24,"endTime":3694.12,"body":"encourage all of our clients to"},{"speaker":"Carl Widger","startTime":3694.12,"endTime":3701.04,"body":"invest in, those great companies"},{"speaker":"Carl Widger","startTime":3694.12,"endTime":3701.04,"body":"are doing so much in AI, you"},{"speaker":"Carl Widger","startTime":3701.04,"endTime":3703.44,"body":"know, that we, we have no idea"},{"speaker":"Carl Widger","startTime":3701.04,"endTime":3703.44,"body":"how much they're going to do."},{"speaker":"Carl Widger","startTime":3703.44,"endTime":3705.96,"body":"And we were talking about, you"},{"speaker":"Carl Widger","startTime":3703.44,"endTime":3705.96,"body":"know, medical advancements"},{"speaker":"Carl Widger","startTime":3705.96,"endTime":3711.3599999999997,"body":"around AI, they're, they're that"},{"speaker":"Carl Widger","startTime":3705.96,"endTime":3711.3599999999997,"body":"research and development is"},{"speaker":"Carl Widger","startTime":3711.3599999999997,"endTime":3715.02,"body":"being done by the great"},{"speaker":"Carl Widger","startTime":3711.3599999999997,"endTime":3715.02,"body":"companies of the world. So, so"},{"speaker":"Carl Widger","startTime":3715.08,"endTime":3719.12,"body":"our clients are getting the"},{"speaker":"Carl Widger","startTime":3715.08,"endTime":3719.12,"body":"benefit of all that r, d in AI."},{"speaker":"Carl Widger","startTime":3719.3599999999997,"endTime":3724.8199999999997,"body":"Similarly, you've mentioned"},{"speaker":"Carl Widger","startTime":3719.3599999999997,"endTime":3724.8199999999997,"body":"BlackRock and put the but, you"},{"speaker":"Carl Widger","startTime":3724.8199999999997,"endTime":3727.88,"body":"know, there's, there's loads of"},{"speaker":"Carl Widger","startTime":3724.8199999999997,"endTime":3727.88,"body":"other ones, so, so if you want"},{"speaker":"Carl Widger","startTime":3727.88,"endTime":3731.96,"body":"to talk about, you know that the"},{"speaker":"Carl Widger","startTime":3727.88,"endTime":3731.96,"body":"great companies that people are"},{"speaker":"Carl Widger","startTime":3731.96,"endTime":3735.2,"body":"investing in, so the stripe"},{"speaker":"Carl Widger","startTime":3731.96,"endTime":3735.2,"body":"guys, right? They're investing"},{"speaker":"Carl Widger","startTime":3735.2,"endTime":3738.04,"body":"in stablecoin. Patrick Collison"},{"speaker":"Carl Widger","startTime":3735.2,"endTime":3738.04,"body":"now has gone on the board of"},{"speaker":"Carl Widger","startTime":3738.04,"endTime":3741.52,"body":"meta. Is that good? I don't"},{"speaker":"Carl Widger","startTime":3738.04,"endTime":3741.52,"body":"think is good. But anyway, it's"},{"speaker":"Carl Widger","startTime":3741.52,"endTime":3745.42,"body":"my point is, these guys are all"},{"speaker":"Carl Widger","startTime":3741.52,"endTime":3745.42,"body":"talking about the same things,"},{"speaker":"Carl Widger","startTime":3745.48,"endTime":3748.72,"body":"right? So our clients are"},{"speaker":"Carl Widger","startTime":3745.48,"endTime":3748.72,"body":"investing in the great companies"},{"speaker":"Carl Widger","startTime":3748.72,"endTime":3752.2,"body":"of the world in what has always"},{"speaker":"Carl Widger","startTime":3748.72,"endTime":3752.2,"body":"worked, and the great companies"},{"speaker":"Carl Widger","startTime":3752.2,"endTime":3757.98,"body":"of the world make progress by"},{"speaker":"Carl Widger","startTime":3752.2,"endTime":3757.98,"body":"acting on human ingenuity. So"},{"speaker":"Carl Widger","startTime":3757.98,"endTime":3763.56,"body":"therefore, yeah, if, if exactly"},{"speaker":"Carl Widger","startTime":3757.98,"endTime":3763.56,"body":"right, if we need to pivot, or"},{"speaker":"Carl Widger","startTime":3763.56,"endTime":3766.44,"body":"if the great companies the world"},{"speaker":"Carl Widger","startTime":3763.56,"endTime":3766.44,"body":"need to pivot, our clients are"},{"speaker":"Carl Widger","startTime":3766.5,"endTime":3773.52,"body":"all going to ride on the back of"},{"speaker":"Carl Widger","startTime":3766.5,"endTime":3773.52,"body":"that, I believe, so that these"},{"speaker":"Carl Widger","startTime":3773.52,"endTime":3777.8599999999997,"body":"are all the reasons why I don't"},{"speaker":"Carl Widger","startTime":3773.52,"endTime":3777.8599999999997,"body":"think they should be part of the"},{"speaker":"Carl Widger","startTime":3777.8599999999997,"endTime":3782.06,"body":"portfolios. I'm totally okay."},{"speaker":"Carl Widger","startTime":3777.8599999999997,"endTime":3782.06,"body":"It's a little bit like the you"},{"speaker":"Carl Widger","startTime":3782.06,"endTime":3785.12,"body":"know, if you want to think that"},{"speaker":"Carl Widger","startTime":3782.06,"endTime":3785.12,"body":"active fund managers are the way"},{"speaker":"Carl Widger","startTime":3785.12,"endTime":3789.8599999999997,"body":"to go, right? I'm okay. I will"},{"speaker":"Carl Widger","startTime":3785.12,"endTime":3789.8599999999997,"body":"be totally respectful of what"},{"speaker":"Carl Widger","startTime":3789.8599999999997,"endTime":3796.24,"body":"your views are. But I just, I"},{"speaker":"Carl Widger","startTime":3789.8599999999997,"endTime":3796.24,"body":"I'm yet to be convinced. I'm I'm"},{"speaker":"Carl Widger","startTime":3796.66,"endTime":3799.06,"body":"going to sit on the fence. I'm"},{"speaker":"Carl Widger","startTime":3796.66,"endTime":3799.06,"body":"not going to be an earlier"},{"speaker":"Carl Widger","startTime":3799.06,"endTime":3804.58,"body":"adopter on this and and if we"},{"speaker":"Carl Widger","startTime":3799.06,"endTime":3804.58,"body":"have to pivot and I go, do you"},{"speaker":"Carl Widger","startTime":3804.58,"endTime":3807.8199999999997,"body":"know what this is? Absolutely"},{"speaker":"Carl Widger","startTime":3804.58,"endTime":3807.8199999999997,"body":"I'm very comfortable with all of"},{"speaker":"Carl Widger","startTime":3807.8199999999997,"endTime":3812.02,"body":"this for all of these reasons,"},{"speaker":"Carl Widger","startTime":3807.8199999999997,"endTime":3812.02,"body":"then I will. But for now, not"},{"speaker":"Carl Widger","startTime":3812.02,"endTime":3812.38,"body":"for me."},{"speaker":"Nick Lincoln","startTime":3813.58,"endTime":3816.22,"body":"That's a very,"},{"speaker":"Nick Lincoln","startTime":3813.58,"endTime":3816.22,"body":"very considered response. Carl,"},{"speaker":"Nick Lincoln","startTime":3816.22,"endTime":3817.2599999999998,"body":"thank you for that. Andrew,"},{"speaker":"Andy Hart","startTime":3817.98,"endTime":3820.2,"body":"okay, I'll thrown a"},{"speaker":"Andy Hart","startTime":3817.98,"endTime":3820.2,"body":"couple of two pence here. It is"},{"speaker":"Andy Hart","startTime":3820.2599999999998,"endTime":3824.4,"body":"going to be interesting what the"},{"speaker":"Andy Hart","startTime":3820.2599999999998,"endTime":3824.4,"body":"regulator does around allowing"},{"speaker":"Andy Hart","startTime":3824.46,"endTime":3827.46,"body":"these to be included into"},{"speaker":"Andy Hart","startTime":3824.46,"endTime":3827.46,"body":"portfolios. And if and when that"},{"speaker":"Andy Hart","startTime":3827.46,"endTime":3831.06,"body":"comes, if ever, they'll be quite"},{"speaker":"Andy Hart","startTime":3827.46,"endTime":3831.06,"body":"interested in see how Europe"},{"speaker":"Andy Hart","startTime":3831.06,"endTime":3835.8599999999997,"body":"deal with it, and then the the"},{"speaker":"Andy Hart","startTime":3831.06,"endTime":3835.8599999999997,"body":"UK, obviously the US has led. I"},{"speaker":"Andy Hart","startTime":3835.8599999999997,"endTime":3838.88,"body":"knew about Bitcoin in I think"},{"speaker":"Andy Hart","startTime":3835.8599999999997,"endTime":3838.88,"body":"2013 and I went up to went to"},{"speaker":"Andy Hart","startTime":3838.88,"endTime":3842.0,"body":"random meet up in central"},{"speaker":"Andy Hart","startTime":3838.88,"endTime":3842.0,"body":"London, and I've been sort of,"},{"speaker":"Andy Hart","startTime":3842.06,"endTime":3843.44,"body":"uh, pushing back. We"},{"speaker":"Unknown","startTime":3843.44,"endTime":3849.62,"body":"can't drop again. I've"},{"speaker":"Unknown","startTime":3843.44,"endTime":3849.62,"body":"been, he is Satoshi."},{"speaker":"Andy Hart","startTime":3853.7,"endTime":3856.2799999999997,"body":"I've been pushing"},{"speaker":"Andy Hart","startTime":3853.7,"endTime":3856.2799999999997,"body":"back on it since 2013 it's not a"},{"speaker":"Andy Hart","startTime":3856.2799999999997,"endTime":3858.8199999999997,"body":"real asset class doesn't make"},{"speaker":"Andy Hart","startTime":3856.2799999999997,"endTime":3858.8199999999997,"body":"sense. Doesn't make sense. Me"},{"speaker":"Andy Hart","startTime":3858.8199999999997,"endTime":3862.7799999999997,"body":"and Alan have spoken about 100"},{"speaker":"Andy Hart","startTime":3858.8199999999997,"endTime":3862.7799999999997,"body":"times over the last each other"},{"speaker":"Andy Hart","startTime":3862.7799999999997,"endTime":3866.2599999999998,"body":"screenshots. Is Bitcoin worth"},{"speaker":"Andy Hart","startTime":3862.7799999999997,"endTime":3866.2599999999998,"body":"$1,000 a coin. Now, don't it's"},{"speaker":"Andy Hart","startTime":3866.2599999999998,"endTime":3868.8399999999997,"body":"too expensive, and it's too"},{"speaker":"Andy Hart","startTime":3866.2599999999998,"endTime":3868.8399999999997,"body":"expensive, and it's never going"},{"speaker":"Andy Hart","startTime":3868.8399999999997,"endTime":3871.42,"body":"to work another time. At three"},{"speaker":"Andy Hart","startTime":3868.8399999999997,"endTime":3871.42,"body":"and a half 1000, we were like,"},{"speaker":"Andy Hart","startTime":3871.42,"endTime":3874.48,"body":"surely we're going to go all in."},{"speaker":"Andy Hart","startTime":3871.42,"endTime":3874.48,"body":"Now, no, no, all in, just a"},{"speaker":"Andy Hart","startTime":3874.48,"endTime":3877.74,"body":"pump. Anyway. That happens all"},{"speaker":"Andy Hart","startTime":3874.48,"endTime":3877.74,"body":"the freaking time. So in recent"},{"speaker":"Andy Hart","startTime":3877.74,"endTime":3884.58,"body":"times, I've become more pro"},{"speaker":"Andy Hart","startTime":3877.74,"endTime":3884.58,"body":"Bitcoin in terms of the interest"},{"speaker":"Andy Hart","startTime":3884.58,"endTime":3888.42,"body":"in it around the world. It's"},{"speaker":"Andy Hart","startTime":3884.58,"endTime":3888.42,"body":"limited supply. It being the"},{"speaker":"Andy Hart","startTime":3888.42,"endTime":3891.42,"body":"digital gold. You know, Bitcoin"},{"speaker":"Andy Hart","startTime":3888.42,"endTime":3891.42,"body":"at the moment, it's 2 trillion."},{"speaker":"Andy Hart","startTime":3891.42,"endTime":3894.3599999999997,"body":"The total value of all crypto is"},{"speaker":"Andy Hart","startTime":3891.42,"endTime":3894.3599999999997,"body":"about 3 trillion. I think the"},{"speaker":"Andy Hart","startTime":3894.3599999999997,"endTime":3898.8199999999997,"body":"other trillion is, is guff, yes,"},{"speaker":"Andy Hart","startTime":3894.3599999999997,"endTime":3898.8199999999997,"body":"I understand what a real asset"},{"speaker":"Andy Hart","startTime":3898.8199999999997,"endTime":3901.7599999999998,"body":"class is. The whole reason why"},{"speaker":"Andy Hart","startTime":3898.8199999999997,"endTime":3901.7599999999998,"body":"you get capital returns because"},{"speaker":"Andy Hart","startTime":3901.7599999999998,"endTime":3904.4,"body":"it produces the natural income,"},{"speaker":"Andy Hart","startTime":3901.7599999999998,"endTime":3904.4,"body":"and the only way you get that is"},{"speaker":"Andy Hart","startTime":3904.4,"endTime":3908.2999999999997,"body":"from businesses and property."},{"speaker":"Andy Hart","startTime":3904.4,"endTime":3908.2999999999997,"body":"So, yeah, I'm totally agreeing"},{"speaker":"Andy Hart","startTime":3908.2999999999997,"endTime":3912.08,"body":"on that. I'm definitely going to"},{"speaker":"Andy Hart","startTime":3908.2999999999997,"endTime":3912.08,"body":"see a headline within my"},{"speaker":"Andy Hart","startTime":3912.08,"endTime":3914.42,"body":"lifetime. Not definitely"},{"speaker":"Andy Hart","startTime":3912.08,"endTime":3914.42,"body":"Anything could happen, but I'm"},{"speaker":"Andy Hart","startTime":3914.42,"endTime":3916.9,"body":"going to see a headline within"},{"speaker":"Andy Hart","startTime":3914.42,"endTime":3916.9,"body":"my lifetime that Bitcoin is, it"},{"speaker":"Andy Hart","startTime":3916.9,"endTime":3922.96,"body":"will be worth $1 million a coin."},{"speaker":"Andy Hart","startTime":3916.9,"endTime":3922.96,"body":"We're at 100,000 at the moment,"},{"speaker":"Andy Hart","startTime":3922.96,"endTime":3927.22,"body":"when it is worth $1 million a"},{"speaker":"Andy Hart","startTime":3922.96,"endTime":3927.22,"body":"coin, the market cap is about 21"},{"speaker":"Andy Hart","startTime":3927.58,"endTime":3930.64,"body":"trillion. There's going to be an"},{"speaker":"Andy Hart","startTime":3927.58,"endTime":3930.64,"body":"insane amount of fluctuation"},{"speaker":"Andy Hart","startTime":3930.64,"endTime":3934.8399999999997,"body":"leading up to that. Yeah,"},{"speaker":"Andy Hart","startTime":3930.64,"endTime":3934.8399999999997,"body":"there's 21 trillion in"},{"speaker":"Andy Hart","startTime":3934.8399999999997,"endTime":3938.16,"body":"circulation. The founder owns a"},{"speaker":"Andy Hart","startTime":3934.8399999999997,"endTime":3938.16,"body":"million. So when bitcoin is at a"},{"speaker":"Andy Hart","startTime":3938.16,"endTime":3941.7,"body":"million, the founder that nobody"},{"speaker":"Andy Hart","startTime":3938.16,"endTime":3941.7,"body":"knows, this fictitious person,"},{"speaker":"Andy Hart","startTime":3941.88,"endTime":3945.6,"body":"The Wizard of Oz work, will be"},{"speaker":"Andy Hart","startTime":3941.88,"endTime":3945.6,"body":"worth a trillion dollars. About"},{"speaker":"Andy Hart","startTime":3945.6,"endTime":3949.44,"body":"three or 4 trillion has been"},{"speaker":"Andy Hart","startTime":3945.6,"endTime":3949.44,"body":"lost. So we're now down, to keep"},{"speaker":"Andy Hart","startTime":3949.44,"endTime":3952.5,"body":"it simple, about 16 trillion in"},{"speaker":"Andy Hart","startTime":3949.44,"endTime":3952.5,"body":"circulation that will have a"},{"speaker":"Andy Hart","startTime":3952.5,"endTime":3957.08,"body":"price on it, that will have a an"},{"speaker":"Andy Hart","startTime":3952.5,"endTime":3957.08,"body":"insane market cap, still not a"},{"speaker":"Andy Hart","startTime":3957.08,"endTime":3961.4,"body":"real asset class. I obviously"},{"speaker":"Andy Hart","startTime":3957.08,"endTime":3961.4,"body":"will never be advising clients"},{"speaker":"Andy Hart","startTime":3961.4,"endTime":3964.2799999999997,"body":"to investing. I obviously can't,"},{"speaker":"Andy Hart","startTime":3961.4,"endTime":3964.2799999999997,"body":"as a regulated person, even when"},{"speaker":"Andy Hart","startTime":3964.2799999999997,"endTime":3967.58,"body":"I when I am able to, again,"},{"speaker":"Andy Hart","startTime":3964.2799999999997,"endTime":3967.58,"body":"we'll cross that bridge when we"},{"speaker":"Andy Hart","startTime":3967.58,"endTime":3970.2799999999997,"body":"get there. So there's a few"},{"speaker":"Andy Hart","startTime":3967.58,"endTime":3970.2799999999997,"body":"moving parts to it. I do have"},{"speaker":"Andy Hart","startTime":3970.2799999999997,"endTime":3974.24,"body":"conversations with clients about"},{"speaker":"Andy Hart","startTime":3970.2799999999997,"endTime":3974.24,"body":"it, quite a few. My clients own"},{"speaker":"Andy Hart","startTime":3974.24,"endTime":3976.7799999999997,"body":"it. It's in the background. It's"},{"speaker":"Andy Hart","startTime":3974.24,"endTime":3976.7799999999997,"body":"on their voice. In plans and"},{"speaker":"Andy Hart","startTime":3976.7799999999997,"endTime":3980.14,"body":"balance sheets depend how big it"},{"speaker":"Andy Hart","startTime":3976.7799999999997,"endTime":3980.14,"body":"is. I've had a few clients that"},{"speaker":"Andy Hart","startTime":3980.14,"endTime":3982.8399999999997,"body":"have had six figures in it years"},{"speaker":"Andy Hart","startTime":3980.14,"endTime":3982.8399999999997,"body":"ago, so that those numbers are"},{"speaker":"Andy Hart","startTime":3982.8399999999997,"endTime":3985.8399999999997,"body":"now a bit more punchy. I'm"},{"speaker":"Andy Hart","startTime":3982.8399999999997,"endTime":3985.8399999999997,"body":"working on a taken on a new"},{"speaker":"Andy Hart","startTime":3985.8399999999997,"endTime":3990.88,"body":"client that is a VC in the"},{"speaker":"Andy Hart","startTime":3985.8399999999997,"endTime":3990.88,"body":"crypto space. So I'm exposed to"},{"speaker":"Andy Hart","startTime":3990.88,"endTime":3993.58,"body":"it all the time, as as all of us"},{"speaker":"Andy Hart","startTime":3990.88,"endTime":3993.58,"body":"are. Yeah, it sounds insane."},{"speaker":"Andy Hart","startTime":3993.58,"endTime":3996.72,"body":"These just words, you know,"},{"speaker":"Andy Hart","startTime":3993.58,"endTime":3996.72,"body":"connected together. So yeah,"},{"speaker":"Andy Hart","startTime":3996.72,"endTime":4001.04,"body":"I've become a bit more pro"},{"speaker":"Andy Hart","startTime":3996.72,"endTime":4001.04,"body":"Bitcoin as digital gold, not a"},{"speaker":"Andy Hart","startTime":4001.04,"endTime":4004.4,"body":"real asset class in recent in"},{"speaker":"Andy Hart","startTime":4001.04,"endTime":4004.4,"body":"recent times, I've read up more"},{"speaker":"Andy Hart","startTime":4004.4,"endTime":4008.9,"body":"about it, yeah. So I agree with"},{"speaker":"Andy Hart","startTime":4004.4,"endTime":4008.9,"body":"a lot of the points there."},{"speaker":"Nick Lincoln","startTime":4008.9,"endTime":4011.06,"body":"So you like it"},{"speaker":"Nick Lincoln","startTime":4008.9,"endTime":4011.06,"body":"more now, because the value of"},{"speaker":"Nick Lincoln","startTime":4011.06,"endTime":4012.68,"body":"it's gone up, but it hasn't"},{"speaker":"Nick Lincoln","startTime":4011.06,"endTime":4012.68,"body":"changed in"},{"speaker":"Andy Hart","startTime":4012.68,"endTime":4015.2,"body":"any way. Has it?"},{"speaker":"Andy Hart","startTime":4012.68,"endTime":4015.2,"body":"Well, loosely, following the"},{"speaker":"Andy Hart","startTime":4015.2,"endTime":4017.7999999999997,"body":"story for 12 years, actually"},{"speaker":"Andy Hart","startTime":4015.2,"endTime":4017.7999999999997,"body":"following something for 12"},{"speaker":"Andy Hart","startTime":4017.7999999999997,"endTime":4020.8599999999997,"body":"years, and it's sort of, you"},{"speaker":"Andy Hart","startTime":4017.7999999999997,"endTime":4020.8599999999997,"body":"know, I'm going to continue to"},{"speaker":"Andy Hart","startTime":4020.8599999999997,"endTime":4023.02,"body":"follow the story. I would have"},{"speaker":"Andy Hart","startTime":4020.8599999999997,"endTime":4023.02,"body":"followed the price. I'm going to"},{"speaker":"Andy Hart","startTime":4023.02,"endTime":4025.2999999999997,"body":"follow the madness that goes"},{"speaker":"Andy Hart","startTime":4023.02,"endTime":4025.2999999999997,"body":"along with it, having"},{"speaker":"Andy Hart","startTime":4025.2999999999997,"endTime":4028.06,"body":"conversations with taxi drivers"},{"speaker":"Andy Hart","startTime":4025.2999999999997,"endTime":4028.06,"body":"and hairdressers. You know, the"},{"speaker":"Andy Hart","startTime":4028.06,"endTime":4031.48,"body":"usual stuff is, anyway, what's"},{"speaker":"Andy Hart","startTime":4028.06,"endTime":4031.48,"body":"your thoughts on it? Nicholas,"},{"speaker":"Nick Lincoln","startTime":4032.14,"endTime":4034.66,"body":"I just, I still"},{"speaker":"Nick Lincoln","startTime":4032.14,"endTime":4034.66,"body":"don't get it. Sorry, it must be"},{"speaker":"Nick Lincoln","startTime":4034.66,"endTime":4037.2,"body":"me. I don't I don't get it. I"},{"speaker":"Nick Lincoln","startTime":4034.66,"endTime":4037.2,"body":"think it's the greater fool"},{"speaker":"Nick Lincoln","startTime":4037.2,"endTime":4041.1,"body":"theory writ large, and it is"},{"speaker":"Nick Lincoln","startTime":4037.2,"endTime":4041.1,"body":"taxi drivers selling the"},{"speaker":"Nick Lincoln","startTime":4041.2799999999997,"endTime":4047.22,"body":"Gartmore tech tornado fund to"},{"speaker":"Nick Lincoln","startTime":4041.2799999999997,"endTime":4047.22,"body":"punters in 1999 this yakasemi"},{"speaker":"Nick Lincoln","startTime":4047.22,"endTime":4051.8399999999997,"body":"Sushi, whatever his name is,"},{"speaker":"Nick Lincoln","startTime":4047.22,"endTime":4051.8399999999997,"body":"it's just all it's like crowds"},{"speaker":"Nick Lincoln","startTime":4051.8399999999997,"endTime":4059.18,"body":"going by with wizards on I can"},{"speaker":"Nick Lincoln","startTime":4051.8399999999997,"endTime":4059.18,"body":"see, I can see the utility of a"},{"speaker":"Nick Lincoln","startTime":4059.18,"endTime":4062.42,"body":"system that enables, yes,"},{"speaker":"Nick Lincoln","startTime":4059.18,"endTime":4062.42,"body":"friction, the technology behind"},{"speaker":"Nick Lincoln","startTime":4062.42,"endTime":4065.12,"body":"me, the technology behind and"},{"speaker":"Nick Lincoln","startTime":4062.42,"endTime":4065.12,"body":"it's not, and it's not fiat"},{"speaker":"Nick Lincoln","startTime":4065.12,"endTime":4071.3599999999997,"body":"money, so the government can't"},{"speaker":"Nick Lincoln","startTime":4065.12,"endTime":4071.3599999999997,"body":"print more Bitcoin. I really"},{"speaker":"Nick Lincoln","startTime":4071.42,"endTime":4074.54,"body":"thought you would embrace it for"},{"speaker":"Nick Lincoln","startTime":4071.42,"endTime":4074.54,"body":"purchasing that's all. It's a"},{"speaker":"Nick Lincoln","startTime":4074.54,"endTime":4076.8399999999997,"body":"bit of currency. It has. We"},{"speaker":"Nick Lincoln","startTime":4074.54,"endTime":4076.8399999999997,"body":"thought"},{"speaker":"Andy Hart","startTime":4076.8399999999997,"endTime":4079.8399999999997,"body":"you would be the"},{"speaker":"Andy Hart","startTime":4076.8399999999997,"endTime":4079.8399999999997,"body":"right off grid, you know? Well,"},{"speaker":"Andy Hart","startTime":4079.8399999999997,"endTime":4081.8199999999997,"body":"it's just removing fiat"},{"speaker":"Andy Hart","startTime":4079.8399999999997,"endTime":4081.8199999999997,"body":"currencies. Man,"},{"speaker":"Unknown","startTime":4081.94,"endTime":4085.12,"body":"you know how much the"},{"speaker":"Unknown","startTime":4081.94,"endTime":4085.12,"body":"pound of the dollar has been"},{"speaker":"Unknown","startTime":4085.24,"endTime":4089.68,"body":"devalued by this constant"},{"speaker":"Unknown","startTime":4085.24,"endTime":4089.68,"body":"creation of new money, the money"},{"speaker":"Unknown","startTime":4089.68,"endTime":4092.3199999999997,"body":"supply printing money. So"},{"speaker":"Unknown","startTime":4089.68,"endTime":4092.3199999999997,"body":"clearly, the pound in your"},{"speaker":"Unknown","startTime":4092.3199999999997,"endTime":4095.3199999999997,"body":"pocket, you're in your pocket is"},{"speaker":"Unknown","startTime":4092.3199999999997,"endTime":4095.3199999999997,"body":"worth less continues to be worth"},{"speaker":"Unknown","startTime":4095.3199999999997,"endTime":4097.86,"body":"less and less and less."},{"speaker":"Unknown","startTime":4095.3199999999997,"endTime":4097.86,"body":"Inflation, yeah, you"},{"speaker":"Andy Hart","startTime":4097.86,"endTime":4100.68,"body":"lose 90% over 30"},{"speaker":"Andy Hart","startTime":4097.86,"endTime":4100.68,"body":"years. Yeah, we know that. Yeah."},{"speaker":"Andy Hart","startTime":4100.68,"endTime":4105.12,"body":"So if your bitcoins are going"},{"speaker":"Andy Hart","startTime":4100.68,"endTime":4105.12,"body":"through the roof, and if you"},{"speaker":"Andy Hart","startTime":4105.12,"endTime":4107.64,"body":"want to buy something with"},{"speaker":"Andy Hart","startTime":4105.12,"endTime":4107.64,"body":"Bitcoin, the price of the thing"},{"speaker":"Andy Hart","startTime":4107.64,"endTime":4112.32,"body":"you're buying will go up. Yeah,"},{"speaker":"Andy Hart","startTime":4107.64,"endTime":4112.32,"body":"it's insane. Shop and go, I like"},{"speaker":"Andy Hart","startTime":4112.32,"endTime":4114.78,"body":"those trainers, 50 quid. By the"},{"speaker":"Andy Hart","startTime":4112.32,"endTime":4114.78,"body":"time you get to the till, it's"},{"speaker":"Andy Hart","startTime":4114.78,"endTime":4116.4000000000005,"body":"like 68 quid. Exactly."},{"speaker":"Unknown","startTime":4116.52,"endTime":4118.88,"body":"What do you mean that"},{"speaker":"Unknown","startTime":4116.52,"endTime":4118.88,"body":"will break the world economy?"},{"speaker":"Unknown","startTime":4120.38,"endTime":4123.26,"body":"You need stable coins, and you"},{"speaker":"Unknown","startTime":4120.38,"endTime":4123.26,"body":"the technology behind"},{"speaker":"Unknown","startTime":4124.04,"endTime":4126.68,"body":"it. You guys have read the book"},{"speaker":"Unknown","startTime":4124.04,"endTime":4126.68,"body":"as well, the"},{"speaker":"Nick Lincoln","startTime":4127.22,"endTime":4130.1,"body":"meat and potatoes"},{"speaker":"Nick Lincoln","startTime":4127.22,"endTime":4130.1,"body":"natural"},{"speaker":"Unknown","startTime":4130.1,"endTime":4132.92,"body":"orders deflation, isn't"},{"speaker":"Unknown","startTime":4130.1,"endTime":4132.92,"body":"it? Technology improves things"},{"speaker":"Unknown","startTime":4132.92,"endTime":4135.86,"body":"to go down in price, in reality,"},{"speaker":"Unknown","startTime":4132.92,"endTime":4135.86,"body":"but they continue to go up in"},{"speaker":"Unknown","startTime":4135.86,"endTime":4138.04,"body":"price because there's more and"},{"speaker":"Unknown","startTime":4135.86,"endTime":4138.04,"body":"more money chasing the same"},{"speaker":"Unknown","startTime":4138.1,"endTime":4139.54,"body":"fixed spy of goods."},{"speaker":"Carl Widger","startTime":4140.56,"endTime":4145.72,"body":"Go into a shop and"},{"speaker":"Carl Widger","startTime":4140.56,"endTime":4145.72,"body":"buy a loaf of bread and like, by"},{"speaker":"Carl Widger","startTime":4145.72,"endTime":4147.88,"body":"the time you walk into the shop,"},{"speaker":"Unknown","startTime":4150.64,"endTime":4153.64,"body":"or you're buying it in"},{"speaker":"Unknown","startTime":4150.64,"endTime":4153.64,"body":"you converting to fiat. Do you"},{"speaker":"Unknown","startTime":4153.64,"endTime":4157.4400000000005,"body":"mean what the price goes"},{"speaker":"Unknown","startTime":4153.64,"endTime":4157.4400000000005,"body":"continues to go up, as we know,"},{"speaker":"Unknown","startTime":4157.4400000000005,"endTime":4160.32,"body":"through inflation, in in"},{"speaker":"Unknown","startTime":4157.4400000000005,"endTime":4160.32,"body":"denominated and saying"},{"speaker":"Andy Hart","startTime":4160.32,"endTime":4162.78,"body":"about the volatility"},{"speaker":"Andy Hart","startTime":4160.32,"endTime":4162.78,"body":"of something like Bitcoin, only"},{"speaker":"Andy Hart","startTime":4162.78,"endTime":4166.68,"body":"if UK adopted Bitcoin tomorrow"},{"speaker":"Andy Hart","startTime":4162.78,"endTime":4166.68,"body":"is the only currency you could"},{"speaker":"Andy Hart","startTime":4166.86,"endTime":4170.28,"body":"buy. See me, yeah, it will be"},{"speaker":"Andy Hart","startTime":4166.86,"endTime":4170.28,"body":"total carnage. You'll be like,"},{"speaker":"Andy Hart","startTime":4170.28,"endTime":4173.16,"body":"I'm gonna get a new car in"},{"speaker":"Andy Hart","startTime":4170.28,"endTime":4173.16,"body":"October. And the current 60"},{"speaker":"Andy Hart","startTime":4173.16,"endTime":4177.0199999999995,"body":"grand, great example, now it's"},{"speaker":"Andy Hart","startTime":4173.16,"endTime":4177.0199999999995,"body":"112 whatever. Or it's gone down"},{"speaker":"Andy Hart","startTime":4177.0199999999995,"endTime":4179.48,"body":"to 30, it would, it would just"},{"speaker":"Andy Hart","startTime":4177.0199999999995,"endTime":4179.48,"body":"be unsustainable. Yeah,"},{"speaker":"Unknown","startTime":4179.54,"endTime":4182.36,"body":"it is. It's only 15"},{"speaker":"Unknown","startTime":4179.54,"endTime":4182.36,"body":"years old, so there's a lot of"},{"speaker":"Unknown","startTime":4182.36,"endTime":4185.72,"body":"volatility in it, and the"},{"speaker":"Unknown","startTime":4182.36,"endTime":4185.72,"body":"volatility will reduce, uh, over"},{"speaker":"Unknown","startTime":4185.72,"endTime":4188.24,"body":"time. I think you I think this"},{"speaker":"Unknown","startTime":4185.72,"endTime":4188.24,"body":"is quite a"},{"speaker":"Andy Hart","startTime":4188.3,"endTime":4191.84,"body":"fair and this mining"},{"speaker":"Andy Hart","startTime":4188.3,"endTime":4191.84,"body":"thing just to throw again. So"},{"speaker":"Andy Hart","startTime":4191.84,"endTime":4194.9,"body":"when Bitcoin first launched to"},{"speaker":"Andy Hart","startTime":4191.84,"endTime":4194.9,"body":"connect all the trades you"},{"speaker":"Andy Hart","startTime":4194.9,"endTime":4198.58,"body":"needed, like insane, was"},{"speaker":"Andy Hart","startTime":4194.9,"endTime":4198.58,"body":"launched. Let me just fucking"},{"speaker":"Andy Hart","startTime":4198.58,"endTime":4202.18,"body":"finish. You know, in order for"},{"speaker":"Andy Hart","startTime":4198.58,"endTime":4202.18,"body":"these trades to be completed,"},{"speaker":"Andy Hart","startTime":4202.18,"endTime":4205.84,"body":"you needed a site in an insane"},{"speaker":"Andy Hart","startTime":4202.18,"endTime":4205.84,"body":"amount of computing power to"},{"speaker":"Andy Hart","startTime":4206.32,"endTime":4210.94,"body":"confirm all these trades on the"},{"speaker":"Andy Hart","startTime":4206.32,"endTime":4210.94,"body":"ledger. Now, as every I think"},{"speaker":"Andy Hart","startTime":4211.18,"endTime":4213.4,"body":"they called it the half thing,"},{"speaker":"Andy Hart","startTime":4211.18,"endTime":4213.4,"body":"don't they, Alan, so every,"},{"speaker":"Andy Hart","startTime":4213.46,"endTime":4217.5,"body":"every time it has the computing"},{"speaker":"Andy Hart","startTime":4213.46,"endTime":4217.5,"body":"power connect these trades"},{"speaker":"Andy Hart","startTime":4217.5,"endTime":4222.42,"body":"doubles? Yeah, so. So there's"},{"speaker":"Andy Hart","startTime":4217.5,"endTime":4222.42,"body":"been a lot of people that have"},{"speaker":"Andy Hart","startTime":4222.42,"endTime":4225.72,"body":"been involved in this greatest"},{"speaker":"Andy Hart","startTime":4222.42,"endTime":4225.72,"body":"thing to ever happen to the"},{"speaker":"Andy Hart","startTime":4225.72,"endTime":4229.74,"body":"human race, biggest fraud in"},{"speaker":"Andy Hart","startTime":4225.72,"endTime":4229.74,"body":"history, whatever side you sit"},{"speaker":"Andy Hart","startTime":4229.74,"endTime":4236.4,"body":"on, there's been farms and"},{"speaker":"Andy Hart","startTime":4229.74,"endTime":4236.4,"body":"people and like teams and 1000s"},{"speaker":"Andy Hart","startTime":4236.4,"endTime":4239.24,"body":"and hundreds of 1000s of people"},{"speaker":"Andy Hart","startTime":4236.4,"endTime":4239.24,"body":"across the world that have kept"},{"speaker":"Andy Hart","startTime":4239.24,"endTime":4242.3,"body":"this greatest thing to ever"},{"speaker":"Andy Hart","startTime":4239.24,"endTime":4242.3,"body":"happen to the human race, worst"},{"speaker":"Andy Hart","startTime":4242.3,"endTime":4246.26,"body":"fraud in history, like there's"},{"speaker":"Andy Hart","startTime":4242.3,"endTime":4246.26,"body":"been a lot of activity around"},{"speaker":"Andy Hart","startTime":4246.26,"endTime":4249.92,"body":"this. So it isn't something to"},{"speaker":"Andy Hart","startTime":4246.26,"endTime":4249.92,"body":"just say, or you might be right,"},{"speaker":"Andy Hart","startTime":4249.92,"endTime":4251.84,"body":"Nick it might be a load of"},{"speaker":"Andy Hart","startTime":4249.92,"endTime":4251.84,"body":"bollocks. It might be the"},{"speaker":"Andy Hart","startTime":4251.84,"endTime":4254.48,"body":"greatest thing to ever happen to"},{"speaker":"Andy Hart","startTime":4251.84,"endTime":4254.48,"body":"the human race, and the most you"},{"speaker":"Andy Hart","startTime":4254.48,"endTime":4258.5199999999995,"body":"know, innovative thing to ever"},{"speaker":"Andy Hart","startTime":4254.48,"endTime":4258.5199999999995,"body":"happen. I like the story behind"},{"speaker":"Andy Hart","startTime":4258.5199999999995,"endTime":4261.7,"body":"it. I like the technology behind"},{"speaker":"Andy Hart","startTime":4258.5199999999995,"endTime":4261.7,"body":"and people that are insanely"},{"speaker":"Andy Hart","startTime":4261.7,"endTime":4264.7,"body":"smart say the person that's"},{"speaker":"Andy Hart","startTime":4261.7,"endTime":4264.7,"body":"created this is creating"},{"speaker":"Andy Hart","startTime":4264.7,"endTime":4269.2,"body":"something that is an absolute"},{"speaker":"Andy Hart","startTime":4264.7,"endTime":4269.2,"body":"wonder of technology, which,"},{"speaker":"Carl Widger","startTime":4270.219,"endTime":4273.939,"body":"you know, I'm going"},{"speaker":"Carl Widger","startTime":4270.219,"endTime":4273.939,"body":"to sort of that argument is all"},{"speaker":"Carl Widger","startTime":4273.939,"endTime":4276.7789999999995,"body":"joking aside, right? That, you"},{"speaker":"Carl Widger","startTime":4273.939,"endTime":4276.7789999999995,"body":"know, does really. Really smart"},{"speaker":"Carl Widger","startTime":4276.7789999999995,"endTime":4279.959,"body":"people who are saying that this"},{"speaker":"Carl Widger","startTime":4276.7789999999995,"endTime":4279.959,"body":"is the best thing ever. There's"},{"speaker":"Carl Widger","startTime":4279.959,"endTime":4283.619,"body":"really tech inverted commas."},{"speaker":"Carl Widger","startTime":4279.959,"endTime":4283.619,"body":"Really, really smart people, you"},{"speaker":"Carl Widger","startTime":4283.619,"endTime":4286.079,"body":"know, saying that active fund"},{"speaker":"Carl Widger","startTime":4283.619,"endTime":4286.079,"body":"management is the way to go,"},{"speaker":"Carl Widger","startTime":4286.3189999999995,"endTime":4292.799,"body":"that it just doesn't like that"},{"speaker":"Carl Widger","startTime":4286.3189999999995,"endTime":4292.799,"body":"does not equals a really good"},{"speaker":"Carl Widger","startTime":4292.799,"endTime":4293.159,"body":"idea."},{"speaker":"Andy Hart","startTime":4293.22,"endTime":4295.62,"body":"I'm just saying it's"},{"speaker":"Andy Hart","startTime":4293.22,"endTime":4295.62,"body":"one of the other points amongst"},{"speaker":"Andy Hart","startTime":4295.62,"endTime":4298.7,"body":"many I know, but I'm aware"},{"speaker":"Andy Hart","startTime":4295.62,"endTime":4298.7,"body":"enough to think it's the"},{"speaker":"Andy Hart","startTime":4298.7,"endTime":4302.12,"body":"greatest thing humans ever"},{"speaker":"Andy Hart","startTime":4298.7,"endTime":4302.12,"body":"create, the biggest fraud in"},{"speaker":"Andy Hart","startTime":4302.12,"endTime":4302.66,"body":"history"},{"speaker":"Carl Widger","startTime":4303.38,"endTime":4307.22,"body":"that I'm challenged"},{"speaker":"Carl Widger","startTime":4303.38,"endTime":4307.22,"body":"by. I suppose the bit that's"},{"speaker":"Carl Widger","startTime":4307.22,"endTime":4312.32,"body":"pissing me off being frank,"},{"speaker":"Carl Widger","startTime":4307.22,"endTime":4312.32,"body":"right, is that if you say to the"},{"speaker":"Carl Widger","startTime":4312.5599999999995,"endTime":4316.78,"body":"I'm okay with listening to the"},{"speaker":"Carl Widger","startTime":4312.5599999999995,"endTime":4316.78,"body":"pros of Bitcoin, I think Alan"},{"speaker":"Carl Widger","startTime":4316.78,"endTime":4320.98,"body":"has put, you know, Alan put the"},{"speaker":"Carl Widger","startTime":4316.78,"endTime":4320.98,"body":"case forward for knowing about"},{"speaker":"Carl Widger","startTime":4320.98,"endTime":4324.7,"body":"it, learning about it, and just"},{"speaker":"Carl Widger","startTime":4320.98,"endTime":4324.7,"body":"updating yourself on it really"},{"speaker":"Carl Widger","startTime":4324.7,"endTime":4329.5599999999995,"body":"well. I think that's a good"},{"speaker":"Carl Widger","startTime":4324.7,"endTime":4329.5599999999995,"body":"idea. But if I then say, well, I"},{"speaker":"Carl Widger","startTime":4329.5599999999995,"endTime":4333.04,"body":"have done all that research and"},{"speaker":"Carl Widger","startTime":4329.5599999999995,"endTime":4333.04,"body":"I've decided it's not for me,"},{"speaker":"Carl Widger","startTime":4333.16,"endTime":4335.98,"body":"well, I'm an idiot. And I like,"},{"speaker":"Unknown","startTime":4335.98,"endTime":4340.14,"body":"yeah, I 100% agree with"},{"speaker":"Unknown","startTime":4335.98,"endTime":4340.14,"body":"you on that. And I have raised"},{"speaker":"Unknown","startTime":4340.14,"endTime":4343.5599999999995,"body":"that point various people in"},{"speaker":"Unknown","startTime":4340.14,"endTime":4343.5599999999995,"body":"this Bitcoin community that"},{"speaker":"Unknown","startTime":4343.5599999999995,"endTime":4347.04,"body":"just, I mean, it put me off. I"},{"speaker":"Unknown","startTime":4343.5599999999995,"endTime":4347.04,"body":"mean, I know. Andy, as you would"},{"speaker":"Unknown","startTime":4347.04,"endTime":4350.46,"body":"expect, was deep in the weeds"},{"speaker":"Unknown","startTime":4347.04,"endTime":4350.46,"body":"decades ago. I definitely"},{"speaker":"Unknown","startTime":4350.46,"endTime":4354.24,"body":"wasn't. And one of the reasons I"},{"speaker":"Unknown","startTime":4350.46,"endTime":4354.24,"body":"wasn't because I wasn't buying"},{"speaker":"Unknown","startTime":4354.24,"endTime":4356.94,"body":"it. You know, you're you're"},{"speaker":"Unknown","startTime":4354.24,"endTime":4356.94,"body":"against Bitcoin until you're for"},{"speaker":"Unknown","startTime":4356.94,"endTime":4359.5999999999995,"body":"it. And I was get very much"},{"speaker":"Unknown","startTime":4356.94,"endTime":4359.5999999999995,"body":"against it, and, oh, my god,"},{"speaker":"Unknown","startTime":4359.5999999999995,"endTime":4362.18,"body":"anything on Twitter or something"},{"speaker":"Unknown","startTime":4359.5999999999995,"endTime":4362.18,"body":"you got absolutely destroyed"},{"speaker":"Unknown","startTime":4362.18,"endTime":4365.0599999999995,"body":"about, you know, have fun"},{"speaker":"Unknown","startTime":4362.18,"endTime":4365.0599999999995,"body":"staying poor. You're an idiot"},{"speaker":"Unknown","startTime":4365.0599999999995,"endTime":4367.64,"body":"because you don't understand it."},{"speaker":"Unknown","startTime":4365.0599999999995,"endTime":4367.64,"body":"And just, it's a very aggressive"},{"speaker":"Unknown","startTime":4367.64,"endTime":4371.0,"body":"tone that these sort of, you"},{"speaker":"Unknown","startTime":4367.64,"endTime":4371.0,"body":"know, Maxim lists of the code of"},{"speaker":"Unknown","startTime":4371.0599999999995,"endTime":4375.74,"body":"all in on Bitcoin, people very"},{"speaker":"Unknown","startTime":4371.0599999999995,"endTime":4375.74,"body":"negative towards anyone who"},{"speaker":"Unknown","startTime":4375.74,"endTime":4378.7,"body":"says, Well, I don't quite really"},{"speaker":"Unknown","startTime":4375.74,"endTime":4378.7,"body":"understand it. Well, you dumb,"},{"speaker":"Unknown","startTime":4378.7,"endTime":4378.88,"body":"but"},{"speaker":"Andy Hart","startTime":4378.88,"endTime":4381.4,"body":"that's kind of any"},{"speaker":"Andy Hart","startTime":4378.88,"endTime":4381.4,"body":"movement you get the extremes,"},{"speaker":"Andy Hart","startTime":4381.4,"endTime":4383.44,"body":"you get the middle people, and"},{"speaker":"Andy Hart","startTime":4381.4,"endTime":4383.44,"body":"you get the dabblers."},{"speaker":"Unknown","startTime":4383.44,"endTime":4385.9,"body":"So that's why I really"},{"speaker":"Unknown","startTime":4383.44,"endTime":4385.9,"body":"like Joe Brian's video, because"},{"speaker":"Unknown","startTime":4385.9,"endTime":4388.48,"body":"he himself, very humble guy, and"},{"speaker":"Unknown","startTime":4385.9,"endTime":4388.48,"body":"he just said, look, here's"},{"speaker":"Unknown","startTime":4388.48,"endTime":4391.3,"body":"today. And by the way, you watch"},{"speaker":"Unknown","startTime":4388.48,"endTime":4391.3,"body":"the end of that video, it's 30"},{"speaker":"Unknown","startTime":4391.3,"endTime":4393.5199999999995,"body":"minutes long. If you don't agree"},{"speaker":"Unknown","startTime":4391.3,"endTime":4393.5199999999995,"body":"with it, you don't agree with"},{"speaker":"Unknown","startTime":4393.5199999999995,"endTime":4395.98,"body":"it. You know, you've invested 30"},{"speaker":"Unknown","startTime":4393.5199999999995,"endTime":4395.98,"body":"minutes of your time. It's not,"},{"speaker":"Unknown","startTime":4395.98,"endTime":4398.82,"body":"you know, move on. As they say,"},{"speaker":"Unknown","startTime":4395.98,"endTime":4398.82,"body":"everyone will buy Bitcoin at the"},{"speaker":"Unknown","startTime":4398.82,"endTime":4399.72,"body":"price they deserve."},{"speaker":"Nick Lincoln","startTime":4400.86,"endTime":4404.28,"body":"Okay, we should"},{"speaker":"Nick Lincoln","startTime":4400.86,"endTime":4404.28,"body":"give a mention to the Bitcoin."},{"speaker":"Nick Lincoln","startTime":4404.28,"endTime":4408.12,"body":"IFA, the Bitcoin. Ifa.com It was"},{"speaker":"Nick Lincoln","startTime":4404.28,"endTime":4408.12,"body":"his Daniel Parkinson's podcast"},{"speaker":"Nick Lincoln","startTime":4408.12,"endTime":4410.64,"body":"that you went on. Alan. He's got"},{"speaker":"Nick Lincoln","startTime":4408.12,"endTime":4410.64,"body":"a very nice website. He's"},{"speaker":"Nick Lincoln","startTime":4410.64,"endTime":4414.36,"body":"produced a like a crib sheet,"},{"speaker":"Nick Lincoln","startTime":4410.64,"endTime":4414.36,"body":"PDF, six or seven pages for aim"},{"speaker":"Nick Lincoln","startTime":4414.36,"endTime":4417.5,"body":"at advisors explaining Bitcoin."},{"speaker":"Nick Lincoln","startTime":4414.36,"endTime":4417.5,"body":"I didn't read it before this,"},{"speaker":"Nick Lincoln","startTime":4418.34,"endTime":4421.64,"body":"before this shouting match"},{"speaker":"Nick Lincoln","startTime":4418.34,"endTime":4421.64,"body":"began. Still can't solve any"},{"speaker":"Nick Lincoln","startTime":4421.64,"endTime":4424.58,"body":"particularly the Wiser at the"},{"speaker":"Nick Lincoln","startTime":4421.64,"endTime":4424.58,"body":"end of it, but good effort to"},{"speaker":"Nick Lincoln","startTime":4424.58,"endTime":4426.86,"body":"him. Crack on. If you want to"},{"speaker":"Nick Lincoln","startTime":4424.58,"endTime":4426.86,"body":"educate the eye phase and you're"},{"speaker":"Nick Lincoln","startTime":4426.86,"endTime":4429.68,"body":"doing something valuable,"},{"speaker":"Nick Lincoln","startTime":4426.86,"endTime":4429.68,"body":"throwing something out there at"},{"speaker":"Nick Lincoln","startTime":4429.68,"endTime":4432.5,"body":"the university, and you will get"},{"speaker":"Nick Lincoln","startTime":4429.68,"endTime":4432.5,"body":"your reward. I think this, this"},{"speaker":"Nick Lincoln","startTime":4432.5,"endTime":4436.96,"body":"thing is a conflation of the get"},{"speaker":"Nick Lincoln","startTime":4432.5,"endTime":4436.96,"body":"rich quick brigade, a massive"},{"speaker":"Nick Lincoln","startTime":4436.96,"endTime":4440.44,"body":"dose of FOMO, and I think it's"},{"speaker":"Nick Lincoln","startTime":4436.96,"endTime":4440.44,"body":"going to end in tears. Okay,"},{"speaker":"Nick Lincoln","startTime":4440.44,"endTime":4442.24,"body":"that's my boy, Charlie"},{"speaker":"Andy Hart","startTime":4442.24,"endTime":4444.5199999999995,"body":"Munger called it."},{"speaker":"Andy Hart","startTime":4442.24,"endTime":4444.5199999999995,"body":"Charlie Munger called it rat"},{"speaker":"Andy Hart","startTime":4444.5199999999995,"endTime":4449.26,"body":"poison squared. One of the show,"},{"speaker":"Andy Hart","startTime":4444.5199999999995,"endTime":4449.26,"body":"yeah, co hosts in America called"},{"speaker":"Andy Hart","startTime":4449.26,"endTime":4452.08,"body":"it everything you don't know"},{"speaker":"Andy Hart","startTime":4449.26,"endTime":4452.08,"body":"about money combined with"},{"speaker":"Andy Hart","startTime":4452.14,"endTime":4456.42,"body":"everything you don't understand"},{"speaker":"Andy Hart","startTime":4452.14,"endTime":4456.42,"body":"about technology. But anyway,"},{"speaker":"Andy Hart","startTime":4456.42,"endTime":4459.36,"body":"there's the difference. Alan"},{"speaker":"Andy Hart","startTime":4456.42,"endTime":4459.36,"body":"just on that guy that Bitcoin,"},{"speaker":"Andy Hart","startTime":4459.36,"endTime":4462.84,"body":"IFA, I mean, what's his what's"},{"speaker":"Andy Hart","startTime":4459.36,"endTime":4462.84,"body":"his purpose? What's the up to,"},{"speaker":"Andy Hart","startTime":4462.84,"endTime":4463.5,"body":"what's very"},{"speaker":"Unknown","startTime":4463.5,"endTime":4467.16,"body":"interesting guy. You"},{"speaker":"Unknown","startTime":4463.5,"endTime":4467.16,"body":"can watch a podcast interview"},{"speaker":"Unknown","startTime":4467.16,"endTime":4469.86,"body":"with yours truly and a couple of"},{"speaker":"Unknown","startTime":4467.16,"endTime":4469.86,"body":"other people that have had on"},{"speaker":"Unknown","startTime":4469.86,"endTime":4473.34,"body":"it, but he's very Dan parks in"},{"speaker":"Unknown","startTime":4469.86,"endTime":4473.34,"body":"what is a kind of career changer"},{"speaker":"Unknown","startTime":4473.34,"endTime":4476.82,"body":"guy, but he's got, like, a"},{"speaker":"Unknown","startTime":4473.34,"endTime":4476.82,"body":"personal, visceral experience."},{"speaker":"Unknown","startTime":4476.82,"endTime":4479.66,"body":"He was living in Lebanon for a"},{"speaker":"Unknown","startTime":4476.82,"endTime":4479.66,"body":"period of time. So that country,"},{"speaker":"Unknown","startTime":4479.66,"endTime":4481.88,"body":"you know, they completely the"},{"speaker":"Unknown","startTime":4479.66,"endTime":4481.88,"body":"currency. I can't remember the"},{"speaker":"Unknown","startTime":4481.88,"endTime":4484.46,"body":"numbers that it went from what"},{"speaker":"Unknown","startTime":4481.88,"endTime":4484.46,"body":"to the dollar to, like, 100,000"},{"speaker":"Unknown","startTime":4485.12,"endTime":4487.82,"body":"to the dollar in space of a"},{"speaker":"Unknown","startTime":4485.12,"endTime":4487.82,"body":"couple of weeks. And you know,"},{"speaker":"Unknown","startTime":4487.82,"endTime":4491.5999999999995,"body":"that was the classic time you,"},{"speaker":"Unknown","startTime":4487.82,"endTime":4491.5999999999995,"body":"you know, you you'd order, you"},{"speaker":"Unknown","startTime":4491.5999999999995,"endTime":4493.94,"body":"order, you pay for your food."},{"speaker":"Unknown","startTime":4491.5999999999995,"endTime":4493.94,"body":"It's like, you know, Germany,"},{"speaker":"Unknown","startTime":4493.94,"endTime":4496.78,"body":"1930s pay for your food before"},{"speaker":"Unknown","startTime":4493.94,"endTime":4496.78,"body":"you've had it, because the price"},{"speaker":"Unknown","startTime":4496.78,"endTime":4500.5,"body":"will go up in an hour or two. So"},{"speaker":"Unknown","startTime":4496.78,"endTime":4500.5,"body":"he and, of course, down if you"},{"speaker":"Unknown","startTime":4500.5,"endTime":4503.26,"body":"can get access to your your"},{"speaker":"Unknown","startTime":4500.5,"endTime":4503.26,"body":"currency and your money. So"},{"speaker":"Unknown","startTime":4503.26,"endTime":4505.72,"body":"Bitcoin was a bit of a"},{"speaker":"Unknown","startTime":4503.26,"endTime":4505.72,"body":"lifesaver. There's a whole lot"},{"speaker":"Unknown","startTime":4505.72,"endTime":4508.72,"body":"of other issues for for people"},{"speaker":"Unknown","startTime":4505.72,"endTime":4508.72,"body":"living in countries where"},{"speaker":"Unknown","startTime":4508.72,"endTime":4511.24,"body":"there's a very oppressive"},{"speaker":"Unknown","startTime":4508.72,"endTime":4511.24,"body":"regime, and if you get money"},{"speaker":"Unknown","startTime":4511.24,"endTime":4513.82,"body":"sent to you and you're sort of,"},{"speaker":"Unknown","startTime":4511.24,"endTime":4513.82,"body":"and you've been sort of against"},{"speaker":"Unknown","startTime":4513.82,"endTime":4516.22,"body":"the government, they'll come"},{"speaker":"Unknown","startTime":4513.82,"endTime":4516.22,"body":"after you. They'll come after"},{"speaker":"Unknown","startTime":4516.22,"endTime":4519.66,"body":"people have sent you the money."},{"speaker":"Unknown","startTime":4516.22,"endTime":4519.66,"body":"So that's So Dan's experience"},{"speaker":"Unknown","startTime":4519.66,"endTime":4522.48,"body":"was there when he first really"},{"speaker":"Unknown","startTime":4519.66,"endTime":4522.48,"body":"began to open his eyes to this"},{"speaker":"Unknown","startTime":4522.48,"endTime":4525.12,"body":"thing, that the governments and"},{"speaker":"Unknown","startTime":4522.48,"endTime":4525.12,"body":"other people can't get control"},{"speaker":"Unknown","startTime":4525.12,"endTime":4527.82,"body":"of it, and you can it's it is"},{"speaker":"Unknown","startTime":4525.12,"endTime":4527.82,"body":"more stable than some of these"},{"speaker":"Unknown","startTime":4527.88,"endTime":4531.72,"body":"other currencies. Dan came back,"},{"speaker":"Unknown","startTime":4527.88,"endTime":4531.72,"body":"went to the UK, trained as an"},{"speaker":"Unknown","startTime":4531.78,"endTime":4535.26,"body":"advisor, qualified as an"},{"speaker":"Unknown","startTime":4531.78,"endTime":4535.26,"body":"advisor, and, well, I won't say"},{"speaker":"Unknown","startTime":4535.26,"endTime":4537.44,"body":"the name of the company, but one"},{"speaker":"Unknown","startTime":4535.26,"endTime":4537.44,"body":"of the big kind of national"},{"speaker":"Unknown","startTime":4537.44,"endTime":4542.3,"body":"brands didn't enjoy his time"},{"speaker":"Unknown","startTime":4537.44,"endTime":4542.3,"body":"there, just to put it mildly, in"},{"speaker":"Unknown","startTime":4542.3,"endTime":4546.2,"body":"terms of what he was able to"},{"speaker":"Unknown","startTime":4542.3,"endTime":4546.2,"body":"offer to his clients. And quite"},{"speaker":"Unknown","startTime":4546.2,"endTime":4548.42,"body":"brave, actually stepped away"},{"speaker":"Unknown","startTime":4546.2,"endTime":4548.42,"body":"from it all and said, because"},{"speaker":"Unknown","startTime":4548.42,"endTime":4550.82,"body":"he's very passionate about"},{"speaker":"Unknown","startTime":4548.42,"endTime":4550.82,"body":"Bitcoin, but he wants to be an"},{"speaker":"Unknown","startTime":4550.82,"endTime":4553.94,"body":"educator. He wants to help the"},{"speaker":"Unknown","startTime":4550.82,"endTime":4553.94,"body":"advisory community. He's not"},{"speaker":"Unknown","startTime":4553.94,"endTime":4556.36,"body":"ramming it down your throat."},{"speaker":"Unknown","startTime":4553.94,"endTime":4556.36,"body":"He's saying here's some things"},{"speaker":"Unknown","startTime":4556.36,"endTime":4559.0,"body":"you might not know, which may"},{"speaker":"Unknown","startTime":4556.36,"endTime":4559.0,"body":"help you with your relationships"},{"speaker":"Unknown","startTime":4559.12,"endTime":4561.94,"body":"with your clients, now and then"},{"speaker":"Unknown","startTime":4559.12,"endTime":4561.94,"body":"the future. And yes, there's"},{"speaker":"Unknown","startTime":4561.94,"endTime":4565.12,"body":"quite a lot of useful material."},{"speaker":"Unknown","startTime":4561.94,"endTime":4565.12,"body":"He has got a podcast, and he's"},{"speaker":"Unknown","startTime":4565.12,"endTime":4568.72,"body":"also offering, and I'll be"},{"speaker":"Unknown","startTime":4565.12,"endTime":4568.72,"body":"careful what I promise, but he's"},{"speaker":"Unknown","startTime":4568.72,"endTime":4572.44,"body":"offering a free workshop, a"},{"speaker":"Unknown","startTime":4568.72,"endTime":4572.44,"body":"workshop you'll come into your"},{"speaker":"Unknown","startTime":4572.86,"endTime":4575.74,"body":"company team, spend a couple of"},{"speaker":"Unknown","startTime":4572.86,"endTime":4575.74,"body":"hours and just share this stuff."},{"speaker":"Unknown","startTime":4575.8,"endTime":4578.76,"body":"Just. Sure that your team are a"},{"speaker":"Unknown","startTime":4575.8,"endTime":4578.76,"body":"bit more informed. Should a"},{"speaker":"Unknown","startTime":4578.76,"endTime":4581.88,"body":"client ask you about it? So will"},{"speaker":"Unknown","startTime":4578.76,"endTime":4581.88,"body":"you travel"},{"speaker":"Unknown","startTime":4581.88,"endTime":4585.3,"body":"to Ireland of interest, or"},{"speaker":"Unknown","startTime":4581.88,"endTime":4585.3,"body":"normally, if, if"},{"speaker":"Unknown","startTime":4585.3,"endTime":4589.74,"body":"Carl pays his his flight, I'm"},{"speaker":"Unknown","startTime":4585.3,"endTime":4589.74,"body":"sure he will. Okay, all right."},{"speaker":"Unknown","startTime":4589.74,"endTime":4592.5,"body":"So, yeah, so we need to do check"},{"speaker":"Unknown","startTime":4589.74,"endTime":4592.5,"body":"out, as you say, the Bitcoin"},{"speaker":"Unknown","startTime":4592.5,"endTime":4592.86,"body":"ifa.com"},{"speaker":"Nick Lincoln","startTime":4594.0599999999995,"endTime":4596.16,"body":"yeah, great stuff."},{"speaker":"Nick Lincoln","startTime":4594.0599999999995,"endTime":4596.16,"body":"Okay, well, we gave that a good"},{"speaker":"Nick Lincoln","startTime":4596.16,"endTime":4599.54,"body":"thrashing. I'm sure we're still"},{"speaker":"Nick Lincoln","startTime":4596.16,"endTime":4599.54,"body":"as equally divided on this as we"},{"speaker":"Nick Lincoln","startTime":4599.54,"endTime":4602.24,"body":"ever were. And they said, Well,"},{"speaker":"Nick Lincoln","startTime":4599.54,"endTime":4602.24,"body":"there's a way Moveable Feast,"},{"speaker":"Nick Lincoln","startTime":4602.24,"endTime":4605.0,"body":"because this, this will keep on"},{"speaker":"Nick Lincoln","startTime":4602.24,"endTime":4605.0,"body":"coming up and up and up so"},{"speaker":"Nick Lincoln","startTime":4605.0599999999995,"endTime":4607.22,"body":"things change, and we must"},{"speaker":"Nick Lincoln","startTime":4605.0599999999995,"endTime":4607.22,"body":"change with it, I guess."},{"speaker":"Nick Lincoln","startTime":4607.64,"endTime":4609.74,"body":"Although I won't, okay, what's"},{"speaker":"Nick Lincoln","startTime":4607.64,"endTime":4609.74,"body":"your"},{"speaker":"Andy Hart","startTime":4609.74,"endTime":4612.44,"body":"birthday Nick? I'll"},{"speaker":"Andy Hart","startTime":4609.74,"endTime":4612.44,"body":"buy you 1,000th of a Bitcoin."},{"speaker":"Andy Hart","startTime":4612.5,"endTime":4614.18,"body":"Yeah? Whatever. Great,"},{"speaker":"Nick Lincoln","startTime":4614.18,"endTime":4617.86,"body":"yeah. Let's now"},{"speaker":"Nick Lincoln","startTime":4614.18,"endTime":4617.86,"body":"move on to the TRAPPIST"},{"speaker":"Nick Lincoln","startTime":4617.86,"endTime":4621.16,"body":"questions part of the show. This"},{"speaker":"Nick Lincoln","startTime":4617.86,"endTime":4621.16,"body":"is where there we go. There is"},{"speaker":"Nick Lincoln","startTime":4621.16,"endTime":4623.86,"body":"postie, the drop work. There's"},{"speaker":"Nick Lincoln","startTime":4621.16,"endTime":4623.86,"body":"she's at the front door with a"},{"speaker":"Nick Lincoln","startTime":4623.86,"endTime":4626.26,"body":"bulging sack of TRAPPIST"},{"speaker":"Nick Lincoln","startTime":4623.86,"endTime":4626.26,"body":"questions. If you want to ask a"},{"speaker":"Nick Lincoln","startTime":4626.26,"endTime":4630.82,"body":"question of us, TRAPPIST do so"},{"speaker":"Nick Lincoln","startTime":4626.26,"endTime":4630.82,"body":"by the link in the pinned tweet,"},{"speaker":"Nick Lincoln","startTime":4630.82,"endTime":4633.4,"body":"or the pin decks or whatever."},{"speaker":"Nick Lincoln","startTime":4630.82,"endTime":4633.4,"body":"Also the so called show notes,"},{"speaker":"Nick Lincoln","startTime":4633.4,"endTime":4635.62,"body":"and we will get through them."},{"speaker":"Nick Lincoln","startTime":4633.4,"endTime":4635.62,"body":"We're still answering questions"},{"speaker":"Nick Lincoln","startTime":4635.62,"endTime":4640.86,"body":"from late last year. And today's"},{"speaker":"Nick Lincoln","startTime":4635.62,"endTime":4640.86,"body":"question, Who is this one from?"},{"speaker":"Nick Lincoln","startTime":4640.86,"endTime":4643.38,"body":"Let me it's quite nice envelope."},{"speaker":"Nick Lincoln","startTime":4640.86,"endTime":4643.38,"body":"This one, it's quite a nice"},{"speaker":"Nick Lincoln","startTime":4643.44,"endTime":4644.4,"body":"manila envelope, thick"},{"speaker":"Andy Hart","startTime":4644.4,"endTime":4647.34,"body":"paper, Fauci not to"},{"speaker":"Andy Hart","startTime":4644.4,"endTime":4647.34,"body":"say his name. Nick, just a heads"},{"speaker":"Andy Hart","startTime":4647.34,"endTime":4648.24,"body":"up. Well,"},{"speaker":"Nick Lincoln","startTime":4648.24,"endTime":4650.4,"body":"I don't know. He"},{"speaker":"Nick Lincoln","startTime":4648.24,"endTime":4650.4,"body":"said, honestly. I said, Lewis. I"},{"speaker":"Nick Lincoln","startTime":4650.4,"endTime":4653.22,"body":"won't say the first letter. He"},{"speaker":"Nick Lincoln","startTime":4650.4,"endTime":4653.22,"body":"said he was anonymous. I'll just"},{"speaker":"Nick Lincoln","startTime":4653.22,"endTime":4655.92,"body":"say Lewis. I'm not going to not"},{"speaker":"Nick Lincoln","startTime":4653.22,"endTime":4655.92,"body":"say the person's name at all,"},{"speaker":"Nick Lincoln","startTime":4655.92,"endTime":4659.3,"body":"Lewis, with no social hand. This"},{"speaker":"Nick Lincoln","startTime":4655.92,"endTime":4659.3,"body":"is, this is unbelievable. This"},{"speaker":"Nick Lincoln","startTime":4659.3,"endTime":4661.4,"body":"one. This will go and have a lie"},{"speaker":"Nick Lincoln","startTime":4659.3,"endTime":4661.4,"body":"down, make a cup of tea."},{"speaker":"Nick Lincoln","startTime":4661.76,"endTime":4664.58,"body":"Seriously, I'm going to read"},{"speaker":"Nick Lincoln","startTime":4661.76,"endTime":4664.58,"body":"this. Hi, yeah. Now, hi. There"},{"speaker":"Nick Lincoln","startTime":4664.58,"endTime":4667.46,"body":"pressing discussion about, oh my"},{"speaker":"Nick Lincoln","startTime":4664.58,"endTime":4667.46,"body":"god, I have a pressing question"},{"speaker":"Nick Lincoln","startTime":4667.46,"endTime":4670.58,"body":"about risk discussions. I'm a"},{"speaker":"Nick Lincoln","startTime":4667.46,"endTime":4670.58,"body":"relatively new advisor at 26"},{"speaker":"Nick Lincoln","startTime":4670.88,"endTime":4672.98,"body":"years old, and I agree with a"},{"speaker":"Nick Lincoln","startTime":4670.88,"endTime":4672.98,"body":"lot of things. You say. One"},{"speaker":"Nick Lincoln","startTime":4672.98,"endTime":4675.8,"body":"thing I have been implementing a"},{"speaker":"Nick Lincoln","startTime":4672.98,"endTime":4675.8,"body":"lot into my own practice is this"},{"speaker":"Nick Lincoln","startTime":4675.8,"endTime":4679.24,"body":"discussion of volatility versus"},{"speaker":"Nick Lincoln","startTime":4675.8,"endTime":4679.24,"body":"risk of low returns. Now, when"},{"speaker":"Nick Lincoln","startTime":4679.24,"endTime":4681.5199999999995,"body":"it comes to the mumbo jumbo"},{"speaker":"Nick Lincoln","startTime":4679.24,"endTime":4681.5199999999995,"body":"questionnaire, we have quite a"},{"speaker":"Nick Lincoln","startTime":4681.5199999999995,"endTime":4685.18,"body":"large one, which we need to use"},{"speaker":"Nick Lincoln","startTime":4681.5199999999995,"endTime":4685.18,"body":"enough, don't be smarty, which"},{"speaker":"Nick Lincoln","startTime":4685.18,"endTime":4687.5199999999995,"body":"we need to use in our firm. It"},{"speaker":"Nick Lincoln","startTime":4685.18,"endTime":4687.5199999999995,"body":"essentially guides the client"},{"speaker":"Nick Lincoln","startTime":4687.5199999999995,"endTime":4690.46,"body":"away from anything above 70%"},{"speaker":"Nick Lincoln","startTime":4687.5199999999995,"endTime":4690.46,"body":"equities, yuck. So it's wording"},{"speaker":"Nick Lincoln","startTime":4690.46,"endTime":4692.5,"body":"like you could lose all your"},{"speaker":"Nick Lincoln","startTime":4690.46,"endTime":4692.5,"body":"money you are willing to take a"},{"speaker":"Nick Lincoln","startTime":4692.5,"endTime":4695.26,"body":"very high level of risk. I do my"},{"speaker":"Nick Lincoln","startTime":4692.5,"endTime":4695.26,"body":"educational piece about what the"},{"speaker":"Nick Lincoln","startTime":4695.26,"endTime":4697.3,"body":"how many a third of the way"},{"speaker":"Nick Lincoln","startTime":4695.26,"endTime":4697.3,"body":"through, I do my educational"},{"speaker":"Nick Lincoln","startTime":4697.3,"endTime":4699.54,"body":"piece about what the actual"},{"speaker":"Nick Lincoln","startTime":4697.3,"endTime":4699.54,"body":"underlying event. Underlying"},{"speaker":"Nick Lincoln","startTime":4699.54,"endTime":4702.42,"body":"investments means for these high"},{"speaker":"Nick Lincoln","startTime":4699.54,"endTime":4702.42,"body":"equity portfolios, but it almost"},{"speaker":"Nick Lincoln","startTime":4702.42,"endTime":4704.82,"body":"feels like I'm arguing with"},{"speaker":"Nick Lincoln","startTime":4702.42,"endTime":4704.82,"body":"myself after presenting the"},{"speaker":"Nick Lincoln","startTime":4704.82,"endTime":4707.34,"body":"mumbo jumbo questionnaire"},{"speaker":"Nick Lincoln","startTime":4704.82,"endTime":4707.34,"body":"results of the client. If that"},{"speaker":"Nick Lincoln","startTime":4707.34,"endTime":4710.82,"body":"makes sense. Kind of Louis the"},{"speaker":"Nick Lincoln","startTime":4707.34,"endTime":4710.82,"body":"mambo jammer questionnaire has a"},{"speaker":"Nick Lincoln","startTime":4710.82,"endTime":4714.5999999999995,"body":"way of making 6040, appropriate"},{"speaker":"Nick Lincoln","startTime":4710.82,"endTime":4714.5999999999995,"body":"for most clients. No shit with"},{"speaker":"Nick Lincoln","startTime":4714.5999999999995,"endTime":4717.92,"body":"its wording, when in reality"},{"speaker":"Nick Lincoln","startTime":4714.5999999999995,"endTime":4717.92,"body":"they have 3040, years invest in"},{"speaker":"Nick Lincoln","startTime":4717.92,"endTime":4720.98,"body":"the market. They should be at"},{"speaker":"Nick Lincoln","startTime":4717.92,"endTime":4720.98,"body":"least 8020, correct. Louis, as"},{"speaker":"Nick Lincoln","startTime":4720.98,"endTime":4723.86,"body":"you know, we cannot tell the"},{"speaker":"Nick Lincoln","startTime":4720.98,"endTime":4723.86,"body":"client, no, you're not. You're"},{"speaker":"Nick Lincoln","startTime":4723.86,"endTime":4728.78,"body":"going to take more risk, mate."},{"speaker":"Nick Lincoln","startTime":4723.86,"endTime":4728.78,"body":"My question episode 70, we've"},{"speaker":"Nick Lincoln","startTime":4728.78,"endTime":4732.08,"body":"got to it. My question for you"},{"speaker":"Nick Lincoln","startTime":4728.78,"endTime":4732.08,"body":"all is, what are the discussions"},{"speaker":"Nick Lincoln","startTime":4732.08,"endTime":4735.0199999999995,"body":"you may have after completing a"},{"speaker":"Nick Lincoln","startTime":4732.08,"endTime":4735.0199999999995,"body":"Mumbo jumper question there with"},{"speaker":"Nick Lincoln","startTime":4735.0199999999995,"endTime":4737.44,"body":"a client, select a risk profile,"},{"speaker":"Nick Lincoln","startTime":4735.0199999999995,"endTime":4737.44,"body":"which you know is too cautious."},{"speaker":"Nick Lincoln","startTime":4737.8,"endTime":4740.32,"body":"I would love to hear how you"},{"speaker":"Nick Lincoln","startTime":4737.8,"endTime":4740.32,"body":"broach the subject in order to"},{"speaker":"Nick Lincoln","startTime":4740.32,"endTime":4743.32,"body":"potentially move their thought"},{"speaker":"Nick Lincoln","startTime":4740.32,"endTime":4743.32,"body":"processes more towards the"},{"speaker":"Nick Lincoln","startTime":4743.32,"endTime":4746.98,"body":"equity side. We know this is"},{"speaker":"Nick Lincoln","startTime":4743.32,"endTime":4746.98,"body":"optimal for them, and we are"},{"speaker":"Nick Lincoln","startTime":4747.58,"endTime":4751.0599999999995,"body":"advising, however, okay, I find"},{"speaker":"Nick Lincoln","startTime":4747.58,"endTime":4751.0599999999995,"body":"it tough after the mumbo jumper"},{"speaker":"Nick Lincoln","startTime":4751.0599999999995,"endTime":4753.5199999999995,"body":"questionnaire has already given"},{"speaker":"Nick Lincoln","startTime":4751.0599999999995,"endTime":4753.5199999999995,"body":"them the answer, and going up a"},{"speaker":"Nick Lincoln","startTime":4753.5199999999995,"endTime":4755.98,"body":"risk profile gives them a"},{"speaker":"Nick Lincoln","startTime":4753.5199999999995,"endTime":4755.98,"body":"statement about their investing"},{"speaker":"Nick Lincoln","startTime":4755.98,"endTime":4758.28,"body":"approach that they don't agree"},{"speaker":"Nick Lincoln","startTime":4755.98,"endTime":4758.28,"body":"with. For example, you're"},{"speaker":"Nick Lincoln","startTime":4758.46,"endTime":4760.92,"body":"willing to take a higher level"},{"speaker":"Nick Lincoln","startTime":4758.46,"endTime":4760.92,"body":"of risk with your money. Do you"},{"speaker":"Nick Lincoln","startTime":4760.92,"endTime":4763.5,"body":"see the battle iron fighting?"},{"speaker":"Nick Lincoln","startTime":4760.92,"endTime":4763.5,"body":"Question mark? Okay, last three"},{"speaker":"Nick Lincoln","startTime":4763.5,"endTime":4766.2,"body":"lines come back to Earth. I want"},{"speaker":"Nick Lincoln","startTime":4763.5,"endTime":4766.2,"body":"to do the right thing for the"},{"speaker":"Nick Lincoln","startTime":4766.2,"endTime":4768.84,"body":"client without pushing them in"},{"speaker":"Nick Lincoln","startTime":4766.2,"endTime":4768.84,"body":"an uncomfortable position,"},{"speaker":"Nick Lincoln","startTime":4768.84,"endTime":4771.48,"body":"confusing them or to be"},{"speaker":"Nick Lincoln","startTime":4768.84,"endTime":4771.48,"body":"forceful. However, I can hear"},{"speaker":"Nick Lincoln","startTime":4771.48,"endTime":4773.94,"body":"Nick already. Yes, you can."},{"speaker":"Nick Lincoln","startTime":4771.48,"endTime":4773.94,"body":"Lewis, there will be a lot more"},{"speaker":"Nick Lincoln","startTime":4773.94,"endTime":4776.9,"body":"uncomfortable discussions 20"},{"speaker":"Nick Lincoln","startTime":4773.94,"endTime":4776.9,"body":"years down the line. By being"},{"speaker":"Nick Lincoln","startTime":4776.9,"endTime":4780.86,"body":"too cautious. Nailed it. There"},{"speaker":"Nick Lincoln","startTime":4776.9,"endTime":4780.86,"body":"you go. Somebody else speak for"},{"speaker":"Nick Lincoln","startTime":4780.86,"endTime":4782.96,"body":"a little bit while. I just go"},{"speaker":"Nick Lincoln","startTime":4780.86,"endTime":4782.96,"body":"and get my throat. Los"},{"speaker":"Andy Hart","startTime":4783.98,"endTime":4786.92,"body":"Angeles out. Okay,"},{"speaker":"Andy Hart","startTime":4783.98,"endTime":4786.92,"body":"there's a few weird starts to"},{"speaker":"Andy Hart","startTime":4786.92,"endTime":4790.04,"body":"this. This crops up a lot when"},{"speaker":"Andy Hart","startTime":4786.92,"endTime":4790.04,"body":"I'm at conferences. I was at a"},{"speaker":"Andy Hart","startTime":4790.04,"endTime":4793.46,"body":"conference last week, and there"},{"speaker":"Andy Hart","startTime":4790.04,"endTime":4793.46,"body":"was three advisors, all from the"},{"speaker":"Andy Hart","startTime":4793.46,"endTime":4797.26,"body":"same network, saying how"},{"speaker":"Andy Hart","startTime":4793.46,"endTime":4797.26,"body":"challenging, challenging it is"},{"speaker":"Andy Hart","startTime":4797.26,"endTime":4800.26,"body":"with their network giving them"},{"speaker":"Andy Hart","startTime":4797.26,"endTime":4800.26,"body":"an attitude to risk"},{"speaker":"Andy Hart","startTime":4800.26,"endTime":4803.62,"body":"questionnaire to complete that"},{"speaker":"Andy Hart","startTime":4800.26,"endTime":4803.62,"body":"leads most clients to this"},{"speaker":"Andy Hart","startTime":4803.62,"endTime":4807.58,"body":"mystical six, seven out of 10."},{"speaker":"Andy Hart","startTime":4803.62,"endTime":4807.58,"body":"And then I think the network"},{"speaker":"Andy Hart","startTime":4807.58,"endTime":4811.3,"body":"said the maximum you can nudge"},{"speaker":"Andy Hart","startTime":4807.58,"endTime":4811.3,"body":"them up is two points up the 10"},{"speaker":"Andy Hart","startTime":4811.3,"endTime":4813.76,"body":"scale, and they're like, Well,"},{"speaker":"Andy Hart","startTime":4811.3,"endTime":4813.76,"body":"anyway, it doesn't really make"},{"speaker":"Andy Hart","startTime":4813.76,"endTime":4816.9,"body":"sense. I have my own risk"},{"speaker":"Andy Hart","startTime":4813.76,"endTime":4816.9,"body":"questionnaire that I've created"},{"speaker":"Andy Hart","startTime":4816.9,"endTime":4821.0999999999995,"body":"that isn't one off the shelf."},{"speaker":"Andy Hart","startTime":4816.9,"endTime":4821.0999999999995,"body":"It's a good starter for clients."},{"speaker":"Andy Hart","startTime":4821.22,"endTime":4825.12,"body":"I then have a long winded"},{"speaker":"Andy Hart","startTime":4821.22,"endTime":4825.12,"body":"conversation about proper risk"},{"speaker":"Andy Hart","startTime":4825.12,"endTime":4828.66,"body":"with clients. I've got a whole"},{"speaker":"Andy Hart","startTime":4825.12,"endTime":4828.66,"body":"thing that I go through in"},{"speaker":"Andy Hart","startTime":4828.66,"endTime":4832.38,"body":"different portfolios, different"},{"speaker":"Andy Hart","startTime":4828.66,"endTime":4832.38,"body":"returns, different volatility,"},{"speaker":"Andy Hart","startTime":4832.44,"endTime":4836.24,"body":"annual calendar year returns, me"},{"speaker":"Andy Hart","startTime":4832.44,"endTime":4836.24,"body":"and Nick. I think I've got the"},{"speaker":"Andy Hart","startTime":4836.24,"endTime":4840.44,"body":"same thing in relation to that,"},{"speaker":"Andy Hart","startTime":4836.24,"endTime":4840.44,"body":"Nick and I sorry, Nick and I"},{"speaker":"Andy Hart","startTime":4840.44,"endTime":4844.16,"body":"sorry. Have a remiss of me. I"},{"speaker":"Andy Hart","startTime":4840.44,"endTime":4844.16,"body":"won't do that trap live Nick. I"},{"speaker":"Andy Hart","startTime":4844.16,"endTime":4849.74,"body":"will be on my best grammatical"},{"speaker":"Andy Hart","startTime":4844.16,"endTime":4849.74,"body":"behavior. And then my final"},{"speaker":"Andy Hart","startTime":4849.8,"endTime":4853.28,"body":"point on this I do. I say to"},{"speaker":"Andy Hart","startTime":4849.8,"endTime":4853.28,"body":"them, if you're gonna watch"},{"speaker":"Andy Hart","startTime":4853.28,"endTime":4856.48,"body":"anything about investing in"},{"speaker":"Andy Hart","startTime":4853.28,"endTime":4856.48,"body":"risk, I put a video together,"},{"speaker":"Andy Hart","startTime":4856.48,"endTime":4858.88,"body":"and I send them a link to a"},{"speaker":"Andy Hart","startTime":4856.48,"endTime":4858.88,"body":"video I put together called the"},{"speaker":"Andy Hart","startTime":4858.88,"endTime":4861.94,"body":"informed risk scale, and then I"},{"speaker":"Andy Hart","startTime":4858.88,"endTime":4861.94,"body":"have a great conversation with"},{"speaker":"Andy Hart","startTime":4861.94,"endTime":4865.9,"body":"them in the initial onboarding"},{"speaker":"Andy Hart","startTime":4861.94,"endTime":4865.9,"body":"process, a lot of people will"},{"speaker":"Andy Hart","startTime":4865.9,"endTime":4868.12,"body":"quite a few clients who have"},{"speaker":"Andy Hart","startTime":4865.9,"endTime":4868.12,"body":"come to me have heard my"},{"speaker":"Andy Hart","startTime":4868.12,"endTime":4870.88,"body":"content, my podcast and stuff."},{"speaker":"Andy Hart","startTime":4868.12,"endTime":4870.88,"body":"They're all pro global equities"},{"speaker":"Andy Hart","startTime":4870.88,"endTime":4874.72,"body":"anyway, so it's a bit odd I have"},{"speaker":"Andy Hart","startTime":4870.88,"endTime":4874.72,"body":"to talk. I remember I took on,"},{"speaker":"Andy Hart","startTime":4874.72,"endTime":4877.32,"body":"took on a guy once who said."},{"speaker":"Andy Hart","startTime":4874.72,"endTime":4877.32,"body":"Okay, Andy, there's, don't put"},{"speaker":"Andy Hart","startTime":4877.32,"endTime":4880.74,"body":"any bonds in my portfolio. It's"},{"speaker":"Andy Hart","startTime":4877.32,"endTime":4880.74,"body":"got to be 100% global equities."},{"speaker":"Andy Hart","startTime":4880.74,"endTime":4882.84,"body":"I said that. That's fine. I"},{"speaker":"Andy Hart","startTime":4880.74,"endTime":4882.84,"body":"said, just send me an email."},{"speaker":"Andy Hart","startTime":4882.84,"endTime":4885.42,"body":"Just put it on the file. He"},{"speaker":"Andy Hart","startTime":4882.84,"endTime":4885.42,"body":"said, the other thing is, I want"},{"speaker":"Andy Hart","startTime":4885.42,"endTime":4887.88,"body":"you to look after my mum. I"},{"speaker":"Andy Hart","startTime":4885.42,"endTime":4887.88,"body":"said, How was your mum? He said,"},{"speaker":"Andy Hart","startTime":4887.88,"endTime":4891.66,"body":"She's 85 she's got a few quid as"},{"speaker":"Andy Hart","startTime":4887.88,"endTime":4891.66,"body":"well, so don't put any bonds in"},{"speaker":"Andy Hart","startTime":4891.66,"endTime":4894.96,"body":"her portfolio. And I'm like,"},{"speaker":"Andy Hart","startTime":4891.66,"endTime":4894.96,"body":"Okay, now, now you need to send"},{"speaker":"Andy Hart","startTime":4894.96,"endTime":4897.98,"body":"me a strongly worded email"},{"speaker":"Andy Hart","startTime":4894.96,"endTime":4897.98,"body":"confirming no bonds in your"},{"speaker":"Andy Hart","startTime":4897.98,"endTime":4901.58,"body":"mother portfolio. So sometimes"},{"speaker":"Andy Hart","startTime":4897.98,"endTime":4901.58,"body":"they come to me, and I've got"},{"speaker":"Andy Hart","startTime":4902.42,"endTime":4908.0599999999995,"body":"talk them down the return scale."},{"speaker":"Andy Hart","startTime":4902.42,"endTime":4908.0599999999995,"body":"So who's next? Nick you've done"},{"speaker":"Andy Hart","startTime":4908.0599999999995,"endTime":4909.8,"body":"enough talking Carlin. Any"},{"speaker":"Unknown","startTime":4909.8,"endTime":4912.92,"body":"ad? Was it? No any"},{"speaker":"Unknown","startTime":4909.8,"endTime":4912.92,"body":"chance of answering the"},{"speaker":"Unknown","startTime":4912.92,"endTime":4919.12,"body":"question? Oh, just a big, long"},{"speaker":"Unknown","startTime":4912.92,"endTime":4919.12,"body":"story about something else"},{"speaker":"Andy Hart","startTime":4919.24,"endTime":4921.76,"body":"cool, then answer the"},{"speaker":"Andy Hart","startTime":4919.24,"endTime":4921.76,"body":"question. Mate, concisely. Go,"},{"speaker":"Unknown","startTime":4922.84,"endTime":4925.54,"body":"I'll do it right now."},{"speaker":"Unknown","startTime":4922.84,"endTime":4925.54,"body":"Carl, Alex,"},{"speaker":"Andy Hart","startTime":4925.78,"endTime":4928.12,"body":"answer the question,"},{"speaker":"Andy Hart","startTime":4925.78,"endTime":4928.12,"body":"besides who we get on to you?"},{"speaker":"Andy Hart","startTime":4928.12,"endTime":4931.3,"body":"Carl, right, a couple, a couple"},{"speaker":"Andy Hart","startTime":4928.12,"endTime":4931.3,"body":"of things. Well,"},{"speaker":"Unknown","startTime":4931.3,"endTime":4933.34,"body":"first of all, when this"},{"speaker":"Unknown","startTime":4931.3,"endTime":4933.34,"body":"comes up, these are my best"},{"speaker":"Unknown","startTime":4933.34,"endTime":4940.68,"body":"friends. We we need to give we"},{"speaker":"Unknown","startTime":4933.34,"endTime":4940.68,"body":"need to give clients. We have to"},{"speaker":"Unknown","startTime":4940.68,"endTime":4943.68,"body":"give clients what they need, not"},{"speaker":"Unknown","startTime":4940.68,"endTime":4943.68,"body":"what they want, or what the risk"},{"speaker":"Unknown","startTime":4943.74,"endTime":4947.0999999999995,"body":"questionnaire says. Without"},{"speaker":"Unknown","startTime":4943.74,"endTime":4947.0999999999995,"body":"that, there is no point in the"},{"speaker":"Unknown","startTime":4947.0999999999995,"endTime":4951.0599999999995,"body":"job you do if you just, if it's"},{"speaker":"Unknown","startTime":4947.0999999999995,"endTime":4951.0599999999995,"body":"a painting by numbers, put your"},{"speaker":"Unknown","startTime":4951.12,"endTime":4953.76,"body":"answers to this mumble, jumbo"},{"speaker":"Unknown","startTime":4951.12,"endTime":4953.76,"body":"question, and I will give you"},{"speaker":"Unknown","startTime":4953.76,"endTime":4957.74,"body":"the outcome, rather than say,"},{"speaker":"Unknown","startTime":4953.76,"endTime":4957.74,"body":"Hmm, that's interesting. Let's"},{"speaker":"Unknown","startTime":4957.92,"endTime":4961.22,"body":"and then you apply that then."},{"speaker":"Unknown","startTime":4957.92,"endTime":4961.22,"body":"And if you say, take you a 6040"},{"speaker":"Unknown","startTime":4961.58,"endTime":4965.72,"body":"portfolio, or worse, a 4060, or"},{"speaker":"Unknown","startTime":4961.58,"endTime":4965.72,"body":"whatever, the risk profile thing"},{"speaker":"Unknown","startTime":4965.72,"endTime":4969.2,"body":"tells you, plug that into your"},{"speaker":"Unknown","startTime":4965.72,"endTime":4969.2,"body":"cash flow model, run that over"},{"speaker":"Unknown","startTime":4969.2,"endTime":4973.88,"body":"30 years, versus, say, 100%"},{"speaker":"Unknown","startTime":4969.2,"endTime":4973.88,"body":"equity or 9010 or something, and"},{"speaker":"Unknown","startTime":4974.0599999999995,"endTime":4976.5999999999995,"body":"then demonstrate that to the"},{"speaker":"Unknown","startTime":4974.0599999999995,"endTime":4976.5999999999995,"body":"client. You say, you can do what"},{"speaker":"Unknown","startTime":4976.5999999999995,"endTime":4979.84,"body":"you want, but here is the long"},{"speaker":"Unknown","startTime":4976.5999999999995,"endTime":4979.84,"body":"term impact of that. One grows"},{"speaker":"Unknown","startTime":4979.84,"endTime":4983.5599999999995,"body":"at, let's say, compound 2% a"},{"speaker":"Unknown","startTime":4979.84,"endTime":4983.5599999999995,"body":"year more than the other"},{"speaker":"Unknown","startTime":4983.5599999999995,"endTime":4986.62,"body":"portfolio. And this is where it"},{"speaker":"Unknown","startTime":4983.5599999999995,"endTime":4986.62,"body":"takes you. And it's all about"},{"speaker":"Unknown","startTime":4986.62,"endTime":4989.5599999999995,"body":"and you talk about in the past,"},{"speaker":"Unknown","startTime":4986.62,"endTime":4989.5599999999995,"body":"and the money, money is freedom."},{"speaker":"Unknown","startTime":4989.5599999999995,"endTime":4991.72,"body":"Money, you know, wealth is"},{"speaker":"Unknown","startTime":4989.5599999999995,"endTime":4991.72,"body":"freedom. It's options, it's"},{"speaker":"Unknown","startTime":4991.72,"endTime":4995.32,"body":"choices, it's generational, it's"},{"speaker":"Unknown","startTime":4991.72,"endTime":4995.32,"body":"all the things you can do. So"},{"speaker":"Unknown","startTime":4995.32,"endTime":4998.16,"body":"you might, you know, the short"},{"speaker":"Unknown","startTime":4995.32,"endTime":4998.16,"body":"term answer to the question is"},{"speaker":"Unknown","startTime":4998.16,"endTime":5002.48,"body":"here, but we need to understand"},{"speaker":"Unknown","startTime":4998.16,"endTime":5002.48,"body":"the long term impact of those"},{"speaker":"Unknown","startTime":5002.48,"endTime":5008.42,"body":"choices and then have the other"},{"speaker":"Unknown","startTime":5002.48,"endTime":5008.42,"body":"the conversation about. So run,"},{"speaker":"Unknown","startTime":5008.48,"endTime":5011.42,"body":"run a cash flow based on those"},{"speaker":"Unknown","startTime":5008.48,"endTime":5011.42,"body":"things. And the last thing is,"},{"speaker":"Unknown","startTime":5011.42,"endTime":5014.5999999999995,"body":"and I will give you credit, Mr."},{"speaker":"Unknown","startTime":5011.42,"endTime":5014.5999999999995,"body":"Ultra on this. This is using a"},{"speaker":"Unknown","startTime":5014.5999999999995,"endTime":5018.76,"body":"words or weapons framing words"},{"speaker":"Unknown","startTime":5014.5999999999995,"endTime":5018.76,"body":"and language. So the other thing"},{"speaker":"Unknown","startTime":5018.76,"endTime":5021.82,"body":"to say to the client is, do you"},{"speaker":"Unknown","startTime":5018.76,"endTime":5021.82,"body":"want a high return portfolio or"},{"speaker":"Unknown","startTime":5021.82,"endTime":5024.7,"body":"a low return portfolio? And"},{"speaker":"Unknown","startTime":5021.82,"endTime":5024.7,"body":"that's included because instead"},{"speaker":"Unknown","startTime":5024.7,"endTime":5027.16,"body":"of saying a high risk or a low"},{"speaker":"Unknown","startTime":5024.7,"endTime":5027.16,"body":"risk, which is completely the"},{"speaker":"Unknown","startTime":5027.16,"endTime":5030.16,"body":"wrong, wrong end of the"},{"speaker":"Unknown","startTime":5027.16,"endTime":5030.16,"body":"telescope or whatever, and"},{"speaker":"Unknown","startTime":5030.64,"endTime":5033.34,"body":"everyone will say, I'd like a"},{"speaker":"Unknown","startTime":5030.64,"endTime":5033.34,"body":"high return portfolio, please."},{"speaker":"Unknown","startTime":5033.34,"endTime":5036.28,"body":"And you say, I can deliver that"},{"speaker":"Unknown","startTime":5033.34,"endTime":5036.28,"body":"to you. Relatively speaking,"},{"speaker":"Unknown","startTime":5036.58,"endTime":5038.16,"body":"here's the thing, though, it"},{"speaker":"Unknown","startTime":5036.58,"endTime":5038.16,"body":"comes with a bit more"},{"speaker":"Unknown","startTime":5038.16,"endTime":5039.84,"body":"volatility, so you"},{"speaker":"Andy Hart","startTime":5039.84,"endTime":5042.12,"body":"could chip in very"},{"speaker":"Andy Hart","startTime":5039.84,"endTime":5042.12,"body":"quickly. Final point before"},{"speaker":"Andy Hart","startTime":5042.12,"endTime":5045.12,"body":"Carl, the root cause of this"},{"speaker":"Andy Hart","startTime":5042.12,"endTime":5045.12,"body":"problem is compliance. Don't"},{"speaker":"Andy Hart","startTime":5045.12,"endTime":5049.2,"body":"understand long term investing,"},{"speaker":"Andy Hart","startTime":5045.12,"endTime":5049.2,"body":"correct? Yeah, so good luck"},{"speaker":"Andy Hart","startTime":5049.2,"endTime":5052.98,"body":"trying to convince them about"},{"speaker":"Andy Hart","startTime":5049.2,"endTime":5052.98,"body":"the way we think we didn't"},{"speaker":"Andy Hart","startTime":5052.98,"endTime":5055.5599999999995,"body":"understand long term investing"},{"speaker":"Andy Hart","startTime":5052.98,"endTime":5055.5599999999995,"body":"for X amount of years in this"},{"speaker":"Andy Hart","startTime":5055.5599999999995,"endTime":5058.76,"body":"business, it's taken us a lot of"},{"speaker":"Andy Hart","startTime":5055.5599999999995,"endTime":5058.76,"body":"untraining to get to where we"},{"speaker":"Andy Hart","startTime":5058.76,"endTime":5059.0599999999995,"body":"are risk"},{"speaker":"Unknown","startTime":5059.72,"endTime":5062.12,"body":"versus volatility, one"},{"speaker":"Unknown","startTime":5059.72,"endTime":5062.12,"body":"of the biggest lies in our"},{"speaker":"Unknown","startTime":5062.12,"endTime":5063.44,"body":"industry, Carlos,"},{"speaker":"Carl Widger","startTime":5063.44,"endTime":5066.62,"body":"cash flow modeling"},{"speaker":"Carl Widger","startTime":5063.44,"endTime":5066.62,"body":"does beautiful colors and shows"},{"speaker":"Carl Widger","startTime":5066.62,"endTime":5070.16,"body":"you exactly where your money is"},{"speaker":"Carl Widger","startTime":5066.62,"endTime":5070.16,"body":"going to come from over time. So"},{"speaker":"Carl Widger","startTime":5070.22,"endTime":5074.42,"body":"very graphically, you can show"},{"speaker":"Carl Widger","startTime":5070.22,"endTime":5074.42,"body":"your clients, demonstrate to"},{"speaker":"Carl Widger","startTime":5074.42,"endTime":5078.0999999999995,"body":"them in pictures and colors"},{"speaker":"Carl Widger","startTime":5074.42,"endTime":5078.0999999999995,"body":"where how long you're going to"},{"speaker":"Carl Widger","startTime":5078.0999999999995,"endTime":5081.88,"body":"be an investor for? And then you"},{"speaker":"Carl Widger","startTime":5078.0999999999995,"endTime":5081.88,"body":"can go back and say, so, look"},{"speaker":"Carl Widger","startTime":5081.88,"endTime":5084.58,"body":"your attitude to risk"},{"speaker":"Carl Widger","startTime":5081.88,"endTime":5084.58,"body":"questionnaires come back as a"},{"speaker":"Carl Widger","startTime":5084.58,"endTime":5091.0599999999995,"body":"6040, but would you agree that"},{"speaker":"Carl Widger","startTime":5084.58,"endTime":5091.0599999999995,"body":"you should be, you know, much"},{"speaker":"Carl Widger","startTime":5091.0599999999995,"endTime":5095.8,"body":"greater equity content, and if"},{"speaker":"Carl Widger","startTime":5091.0599999999995,"endTime":5095.8,"body":"people aren't still not coming"},{"speaker":"Carl Widger","startTime":5095.8,"endTime":5098.7,"body":"on that journey with you,"},{"speaker":"Carl Widger","startTime":5095.8,"endTime":5098.7,"body":"because I saw you doubting it."},{"speaker":"Carl Widger","startTime":5098.7,"endTime":5103.68,"body":"Andrew, I'm always okay with a"},{"speaker":"Carl Widger","startTime":5098.7,"endTime":5103.68,"body":"short, medium and long term,"},{"speaker":"Carl Widger","startTime":5104.04,"endTime":5107.88,"body":"right? So short is your"},{"speaker":"Carl Widger","startTime":5104.04,"endTime":5107.88,"body":"different pots, yeah? And then"},{"speaker":"Carl Widger","startTime":5108.0,"endTime":5112.74,"body":"that that that will help at"},{"speaker":"Carl Widger","startTime":5108.0,"endTime":5112.74,"body":"least most of the portfolio be"},{"speaker":"Carl Widger","startTime":5112.74,"endTime":5117.86,"body":"in the correct. 8020 are 100% as"},{"speaker":"Carl Widger","startTime":5112.74,"endTime":5117.86,"body":"the case may be,"},{"speaker":"Andy Hart","startTime":5118.46,"endTime":5120.44,"body":"yeah, these, these,"},{"speaker":"Andy Hart","startTime":5118.46,"endTime":5120.44,"body":"these attitude to risk"},{"speaker":"Andy Hart","startTime":5120.44,"endTime":5123.98,"body":"questionnaires, have been so"},{"speaker":"Andy Hart","startTime":5120.44,"endTime":5123.98,"body":"destructive they've decimated"},{"speaker":"Andy Hart","startTime":5123.98,"endTime":5126.44,"body":"more wealth. And I think, yeah,"},{"speaker":"Andy Hart","startTime":5123.98,"endTime":5126.44,"body":"I think all of the fraud"},{"speaker":"Andy Hart","startTime":5126.44,"endTime":5130.76,"body":"combined in this space, like by"},{"speaker":"Andy Hart","startTime":5126.44,"endTime":5130.76,"body":"agree to agree, it's definitely"},{"speaker":"Andy Hart","startTime":5130.76,"endTime":5134.72,"body":"institutionalized fraud. Okay,"},{"speaker":"Andy Hart","startTime":5130.76,"endTime":5134.72,"body":"is it's been, it's diabolical."},{"speaker":"Andy Hart","startTime":5134.72,"endTime":5136.76,"body":"My blood, yeah, I just speak up."},{"speaker":"Andy Hart","startTime":5134.72,"endTime":5136.76,"body":"But I've read the"},{"speaker":"Nick Lincoln","startTime":5136.76,"endTime":5139.36,"body":"question, now, but"},{"speaker":"Nick Lincoln","startTime":5136.76,"endTime":5139.36,"body":"I haven't inputted this. But"},{"speaker":"Nick Lincoln","startTime":5139.36,"endTime":5141.94,"body":"Louis, this, this is such a big"},{"speaker":"Nick Lincoln","startTime":5139.36,"endTime":5141.94,"body":"issue. This is the, I think it's"},{"speaker":"Nick Lincoln","startTime":5141.94,"endTime":5144.82,"body":"the biggest issue in what this"},{"speaker":"Nick Lincoln","startTime":5141.94,"endTime":5144.82,"body":"thing of ours really taking it"},{"speaker":"Nick Lincoln","startTime":5144.82,"endTime":5147.46,"body":"around. And I think you need to"},{"speaker":"Nick Lincoln","startTime":5144.82,"endTime":5147.46,"body":"find a new firm, because what"},{"speaker":"Nick Lincoln","startTime":5147.46,"endTime":5149.68,"body":"you're doing will kill you from"},{"speaker":"Nick Lincoln","startTime":5147.46,"endTime":5149.68,"body":"the inside. There are plenty of"},{"speaker":"Nick Lincoln","startTime":5149.68,"endTime":5152.44,"body":"firms out there who don't follow"},{"speaker":"Nick Lincoln","startTime":5149.68,"endTime":5152.44,"body":"such a prescriptive model and"},{"speaker":"Nick Lincoln","startTime":5152.44,"endTime":5154.72,"body":"who's actually right about the"},{"speaker":"Nick Lincoln","startTime":5152.44,"endTime":5154.72,"body":"compliance people, they don't"},{"speaker":"Nick Lincoln","startTime":5154.72,"endTime":5157.14,"body":"have a bloody clue. And you"},{"speaker":"Nick Lincoln","startTime":5154.72,"endTime":5157.14,"body":"might need to move on, my"},{"speaker":"Nick Lincoln","startTime":5157.14,"endTime":5159.66,"body":"friend, and I hope you can do"},{"speaker":"Nick Lincoln","startTime":5157.14,"endTime":5159.66,"body":"it, because you'll there's a"},{"speaker":"Nick Lincoln","startTime":5159.66,"endTime":5162.18,"body":"part of you inside that's dying"},{"speaker":"Nick Lincoln","startTime":5159.66,"endTime":5162.18,"body":"by doing this because, you know,"},{"speaker":"Nick Lincoln","startTime":5162.18,"endTime":5165.0,"body":"it's wrong and it is wrong,"},{"speaker":"Nick Lincoln","startTime":5162.18,"endTime":5165.0,"body":"right, just as far to"},{"speaker":"Unknown","startTime":5165.0,"endTime":5166.08,"body":"put on that. Nick, if"},{"speaker":"Unknown","startTime":5165.0,"endTime":5166.08,"body":"he,"},{"speaker":"Nick Lincoln","startTime":5168.18,"endTime":5169.5,"body":"but if he, if he"},{"speaker":"Nick Lincoln","startTime":5168.18,"endTime":5169.5,"body":"can get the bog"},{"speaker":"Unknown","startTime":5172.5599999999995,"endTime":5173.94,"body":"keep going, Nick, if he"},{"speaker":"Unknown","startTime":5172.5599999999995,"endTime":5173.94,"body":"can get"},{"speaker":"Andy Hart","startTime":5173.94,"endTime":5176.5999999999995,"body":"the bog of his"},{"speaker":"Andy Hart","startTime":5173.94,"endTime":5176.5999999999995,"body":"clients into an 80% An equity"},{"speaker":"Andy Hart","startTime":5181.04,"endTime":5184.94,"body":"portfolio, 80% portfolio, just"},{"speaker":"Andy Hart","startTime":5181.04,"endTime":5184.94,"body":"pick your battles and move on."},{"speaker":"Andy Hart","startTime":5185.0599999999995,"endTime":5186.68,"body":"You've got others telling"},{"speaker":"Unknown","startTime":5186.68,"endTime":5190.7,"body":"me you can't everything"},{"speaker":"Unknown","startTime":5186.68,"endTime":5190.7,"body":"is every road, which means you"},{"speaker":"Unknown","startTime":5190.7,"endTime":5192.0199999999995,"body":"know that you recall"},{"speaker":"Nick Lincoln","startTime":5192.62,"endTime":5193.0999999999995,"body":"right"},{"speaker":"Carl Widger","startTime":5194.42,"endTime":5203.26,"body":"direct. The rest is"},{"speaker":"Carl Widger","startTime":5194.42,"endTime":5203.26,"body":"politics, the US version, caddy,"},{"speaker":"Carl Widger","startTime":5203.26,"endTime":5206.38,"body":"Kay and Anthony Scaramucci,"},{"speaker":"Unknown","startTime":5207.22,"endTime":5212.2,"body":"the Fandango, yeah. He"},{"speaker":"Unknown","startTime":5207.22,"endTime":5212.2,"body":"was much, yeah,"},{"speaker":"Carl Widger","startTime":5212.26,"endTime":5216.48,"body":"very, very good,"},{"speaker":"Carl Widger","startTime":5212.26,"endTime":5216.48,"body":"yeah. I got that as well. He"},{"speaker":"Carl Widger","startTime":5216.48,"endTime":5219.24,"body":"worked, he worked for Trump, I"},{"speaker":"Carl Widger","startTime":5216.48,"endTime":5219.24,"body":"think, in the first and he got"},{"speaker":"Carl Widger","startTime":5219.24,"endTime":5222.84,"body":"fired after only a few days, or"},{"speaker":"Carl Widger","startTime":5219.24,"endTime":5222.84,"body":"something like that. It's really"},{"speaker":"Carl Widger","startTime":5222.84,"endTime":5228.78,"body":"good. Now, look, we've joked"},{"speaker":"Carl Widger","startTime":5222.84,"endTime":5228.78,"body":"often, or I've joked often about"},{"speaker":"Carl Widger","startTime":5229.0199999999995,"endTime":5233.16,"body":"the echo chamber, so it is a"},{"speaker":"Carl Widger","startTime":5229.0199999999995,"endTime":5233.16,"body":"little bit like my echo chamber."},{"speaker":"Carl Widger","startTime":5233.16,"endTime":5237.5,"body":"So when they were taking apart"},{"speaker":"Carl Widger","startTime":5233.16,"endTime":5237.5,"body":"Trump's first 100 days. It was"},{"speaker":"Carl Widger","startTime":5237.5,"endTime":5241.58,"body":"critical. So I then did listen"},{"speaker":"Carl Widger","startTime":5237.5,"endTime":5241.58,"body":"to the all in podcast, guys, I"},{"speaker":"Carl Widger","startTime":5241.58,"endTime":5246.08,"body":"have to say, the all in podcast"},{"speaker":"Carl Widger","startTime":5241.58,"endTime":5246.08,"body":"isn't it's, it's, that is an"},{"speaker":"Carl Widger","startTime":5246.08,"endTime":5249.5599999999995,"body":"echo chamber. Now they're all"},{"speaker":"Carl Widger","startTime":5246.08,"endTime":5249.5599999999995,"body":"just confirming each other's you"},{"speaker":"Carl Widger","startTime":5249.5599999999995,"endTime":5252.14,"body":"know, everything's great, and"},{"speaker":"Carl Widger","startTime":5249.5599999999995,"endTime":5252.14,"body":"we're all great, and our buddy"},{"speaker":"Carl Widger","startTime":5252.14,"endTime":5257.8,"body":"David Sachs is great. I'm not"},{"speaker":"Carl Widger","startTime":5252.14,"endTime":5257.8,"body":"loving that as much as I used"},{"speaker":"Carl Widger","startTime":5257.8,"endTime":5262.0,"body":"to, being honest with you, I'd"},{"speaker":"Carl Widger","startTime":5257.8,"endTime":5262.0,"body":"like more dissenting voices in"},{"speaker":"Carl Widger","startTime":5262.0,"endTime":5262.3,"body":"it."},{"speaker":"Unknown","startTime":5263.92,"endTime":5266.32,"body":"But even J Cal is kind"},{"speaker":"Unknown","startTime":5263.92,"endTime":5266.32,"body":"of,"},{"speaker":"Nick Lincoln","startTime":5268.12,"endTime":5271.96,"body":"he'll turn, he'll"},{"speaker":"Nick Lincoln","startTime":5268.12,"endTime":5271.96,"body":"turn. He's a slippery sod, yeah,"},{"speaker":"Carl Widger","startTime":5271.96,"endTime":5275.26,"body":"but I just, I only"},{"speaker":"Carl Widger","startTime":5271.96,"endTime":5275.26,"body":"mentioned it from the point of"},{"speaker":"Carl Widger","startTime":5275.26,"endTime":5278.5199999999995,"body":"view, like, if you want two"},{"speaker":"Carl Widger","startTime":5275.26,"endTime":5278.5199999999995,"body":"different podcasts to give you"},{"speaker":"Carl Widger","startTime":5278.5199999999995,"endTime":5281.5199999999995,"body":"two different views on the first"},{"speaker":"Carl Widger","startTime":5278.5199999999995,"endTime":5281.5199999999995,"body":"100 days of Trump's"},{"speaker":"Carl Widger","startTime":5281.58,"endTime":5284.58,"body":"administration. There you go."},{"speaker":"Carl Widger","startTime":5281.58,"endTime":5284.58,"body":"There's two. But the Scaramucci"},{"speaker":"Carl Widger","startTime":5284.58,"endTime":5290.4,"body":"carry K they're out every few"},{"speaker":"Carl Widger","startTime":5284.58,"endTime":5290.4,"body":"days. It's very entertaining"},{"speaker":"Carl Widger","startTime":5290.4,"endTime":5293.58,"body":"stuff. I would say, Yeah, you"},{"speaker":"Carl Widger","startTime":5290.4,"endTime":5293.58,"body":"guys will all probably hate,"},{"speaker":"Unknown","startTime":5294.24,"endTime":5296.7,"body":"don't mention, don't"},{"speaker":"Unknown","startTime":5294.24,"endTime":5296.7,"body":"mention the UK version of that"},{"speaker":"Nick Lincoln","startTime":5297.48,"endTime":5300.5599999999995,"body":"nonsense. Than the"},{"speaker":"Nick Lincoln","startTime":5297.48,"endTime":5300.5599999999995,"body":"US one. But"},{"speaker":"Unknown","startTime":5300.5599999999995,"endTime":5302.72,"body":"I actually kind of"},{"speaker":"Unknown","startTime":5300.5599999999995,"endTime":5302.72,"body":"think you do make a fair point,"},{"speaker":"Unknown","startTime":5302.72,"endTime":5305.42,"body":"because I would listen more to"},{"speaker":"Unknown","startTime":5302.72,"endTime":5305.42,"body":"the all in, and it is a bit one"},{"speaker":"Unknown","startTime":5305.42,"endTime":5307.94,"body":"sided. We should listen to the"},{"speaker":"Unknown","startTime":5305.42,"endTime":5307.94,"body":"opposite side from times. Yeah,"},{"speaker":"Unknown","startTime":5308.24,"endTime":5311.3,"body":"all right, my turn. Very simple,"},{"speaker":"Unknown","startTime":5308.24,"endTime":5311.3,"body":"very effective. There is a I've"},{"speaker":"Unknown","startTime":5311.3,"endTime":5314.12,"body":"just come across this recently."},{"speaker":"Unknown","startTime":5311.3,"endTime":5314.12,"body":"I think it's a fantastic"},{"speaker":"Unknown","startTime":5314.12,"endTime":5317.5,"body":"newsletter called market"},{"speaker":"Unknown","startTime":5314.12,"endTime":5317.5,"body":"sentiment, obviously, from the"},{"speaker":"Unknown","startTime":5317.5599999999995,"endTime":5321.0999999999995,"body":"US, but regular newsletters,"},{"speaker":"Unknown","startTime":5317.5599999999995,"endTime":5321.0999999999995,"body":"articles, it's a, would you call"},{"speaker":"Unknown","startTime":5321.0999999999995,"endTime":5324.76,"body":"that thing that use Nick for"},{"speaker":"Unknown","startTime":5321.0999999999995,"endTime":5324.76,"body":"your newsletter? Sub stack"},{"speaker":"Unknown","startTime":5324.82,"endTime":5332.5599999999995,"body":"newsletter, market sentiment.co,"},{"speaker":"Unknown","startTime":5324.82,"endTime":5332.5599999999995,"body":"just subscribe it and read it"},{"speaker":"Unknown","startTime":5332.62,"endTime":5335.8,"body":"and use the data. Very helpful."},{"speaker":"Unknown","startTime":5332.62,"endTime":5335.8,"body":"That's me, okey."},{"speaker":"Nick Lincoln","startTime":5335.8,"endTime":5338.5199999999995,"body":"Dokey. Lovely. So"},{"speaker":"Nick Lincoln","startTime":5335.8,"endTime":5338.5199999999995,"body":"me next to Alpha architect, is a"},{"speaker":"Nick Lincoln","startTime":5338.5199999999995,"endTime":5341.82,"body":"podcast. It comes out very"},{"speaker":"Nick Lincoln","startTime":5338.5199999999995,"endTime":5341.82,"body":"occasionally, no more than once"},{"speaker":"Nick Lincoln","startTime":5341.82,"endTime":5344.16,"body":"a week, I don't think. And they"},{"speaker":"Nick Lincoln","startTime":5341.82,"endTime":5344.16,"body":"had one recently on the Trump"},{"speaker":"Nick Lincoln","startTime":5344.16,"endTime":5346.08,"body":"bear trap. So it's a bit"},{"speaker":"Nick Lincoln","startTime":5344.16,"endTime":5346.08,"body":"nerdish, a bit down in the"},{"speaker":"Nick Lincoln","startTime":5346.08,"endTime":5348.0599999999995,"body":"weeds, but they were talking"},{"speaker":"Nick Lincoln","startTime":5346.08,"endTime":5348.0599999999995,"body":"about how the markets have"},{"speaker":"Nick Lincoln","startTime":5348.0599999999995,"endTime":5351.12,"body":"reacted since their Liberation"},{"speaker":"Nick Lincoln","startTime":5348.0599999999995,"endTime":5351.12,"body":"Day on April the second, and how"},{"speaker":"Nick Lincoln","startTime":5351.12,"endTime":5354.3,"body":"the premier, the various premier"},{"speaker":"Nick Lincoln","startTime":5351.12,"endTime":5354.3,"body":"that go into equity returns are"},{"speaker":"Nick Lincoln","startTime":5354.3,"endTime":5356.9,"body":"all over the shop. So large cap"},{"speaker":"Nick Lincoln","startTime":5354.3,"endTime":5356.9,"body":"growth has taken the battery,"},{"speaker":"Nick Lincoln","startTime":5356.9,"endTime":5360.86,"body":"international value apparently"},{"speaker":"Nick Lincoln","startTime":5356.9,"endTime":5360.86,"body":"is soaring away us. Small caps"},{"speaker":"Nick Lincoln","startTime":5360.86,"endTime":5362.96,"body":"have gone through the floor"},{"speaker":"Nick Lincoln","startTime":5360.86,"endTime":5362.96,"body":"because they're affected by"},{"speaker":"Nick Lincoln","startTime":5362.96,"endTime":5366.38,"body":"tariffs more than bigger firms."},{"speaker":"Nick Lincoln","startTime":5362.96,"endTime":5366.38,"body":"They're down by 30% whereas mid"},{"speaker":"Nick Lincoln","startTime":5366.38,"endTime":5369.5,"body":"caps are up and they're roaring."},{"speaker":"Nick Lincoln","startTime":5366.38,"endTime":5369.5,"body":"So it's just a really this. The"},{"speaker":"Nick Lincoln","startTime":5369.5,"endTime":5372.86,"body":"four factor model has size, has"},{"speaker":"Nick Lincoln","startTime":5369.5,"endTime":5372.86,"body":"the value versus growth thing,"},{"speaker":"Nick Lincoln","startTime":5372.86,"endTime":5377.5599999999995,"body":"it has profitability. And the"},{"speaker":"Nick Lincoln","startTime":5372.86,"endTime":5377.5599999999995,"body":"fourth one escapes me, momentum"},{"speaker":"Nick Lincoln","startTime":5378.4,"endTime":5381.82,"body":"and what I took out of this was"},{"speaker":"Nick Lincoln","startTime":5378.4,"endTime":5381.82,"body":"actually we don't know what's"},{"speaker":"Nick Lincoln","startTime":5381.82,"endTime":5383.98,"body":"going to be the next big thing"},{"speaker":"Nick Lincoln","startTime":5381.82,"endTime":5383.98,"body":"and just have a broader,"},{"speaker":"Nick Lincoln","startTime":5383.98,"endTime":5387.58,"body":"diversified portfolio and roll"},{"speaker":"Nick Lincoln","startTime":5383.98,"endTime":5387.58,"body":"with the punches, but it's quite"},{"speaker":"Nick Lincoln","startTime":5387.58,"endTime":5390.22,"body":"interesting to see these nerds"},{"speaker":"Nick Lincoln","startTime":5387.58,"endTime":5390.22,"body":"kind of come to that conclusion"},{"speaker":"Nick Lincoln","startTime":5390.64,"endTime":5392.98,"body":"on their own, on their own, on"},{"speaker":"Nick Lincoln","startTime":5390.64,"endTime":5392.98,"body":"their own time. I didn't realize"},{"speaker":"Nick Lincoln","startTime":5392.98,"endTime":5395.32,"body":"the premier was so all over the"},{"speaker":"Nick Lincoln","startTime":5392.98,"endTime":5395.32,"body":"shopping minutes. I don't follow"},{"speaker":"Nick Lincoln","startTime":5395.32,"endTime":5397.98,"body":"it that closely, but it really"},{"speaker":"Nick Lincoln","startTime":5395.32,"endTime":5397.98,"body":"is. So basically, you want to"},{"speaker":"Nick Lincoln","startTime":5397.98,"endTime":5401.34,"body":"fight what you want a portfolio"},{"speaker":"Nick Lincoln","startTime":5397.98,"endTime":5401.34,"body":"that has a slice of everything,"},{"speaker":"Nick Lincoln","startTime":5401.34,"endTime":5404.0999999999995,"body":"and just roll with the punches"},{"speaker":"Nick Lincoln","startTime":5401.34,"endTime":5404.0999999999995,"body":"and come back in 30 years time."},{"speaker":"Nick Lincoln","startTime":5404.0999999999995,"endTime":5404.5199999999995,"body":"Andrew,"},{"speaker":"Andy Hart","startTime":5405.12,"endTime":5408.42,"body":"finally, mine is"},{"speaker":"Andy Hart","startTime":5405.12,"endTime":5408.42,"body":"another podcast, someone who's"},{"speaker":"Andy Hart","startTime":5408.5999999999995,"endTime":5413.0999999999995,"body":"been mentioned before on the"},{"speaker":"Andy Hart","startTime":5408.5999999999995,"endTime":5413.0999999999995,"body":"show, Nikolai Tangen, in good"},{"speaker":"Andy Hart","startTime":5413.0999999999995,"endTime":5415.92,"body":"company, it's a slightly older"},{"speaker":"Andy Hart","startTime":5413.0999999999995,"endTime":5415.92,"body":"podcast, but it's with this guy"},{"speaker":"Andy Hart","startTime":5415.92,"endTime":5419.5999999999995,"body":"called Paul Singer, who is the"},{"speaker":"Andy Hart","startTime":5415.92,"endTime":5419.5999999999995,"body":"founder and then sort of"},{"speaker":"Andy Hart","startTime":5419.5999999999995,"endTime":5423.62,"body":"activist hedge manager, a hedge"},{"speaker":"Andy Hart","startTime":5419.5999999999995,"endTime":5423.62,"body":"fund manager in the US. Paul"},{"speaker":"Andy Hart","startTime":5423.62,"endTime":5427.34,"body":"Singer, he runs a company called"},{"speaker":"Andy Hart","startTime":5423.62,"endTime":5427.34,"body":"Elliot investment. He's, I've"},{"speaker":"Andy Hart","startTime":5427.34,"endTime":5430.88,"body":"been done a whole Paul Singer,"},{"speaker":"Andy Hart","startTime":5427.34,"endTime":5430.88,"body":"rabbit hole. No remarks."},{"speaker":"Andy Hart","startTime":5430.88,"endTime":5435.98,"body":"Nicholas, he's an insanely smart"},{"speaker":"Andy Hart","startTime":5430.88,"endTime":5435.98,"body":"guy. Listen to this one podcast."},{"speaker":"Andy Hart","startTime":5435.98,"endTime":5439.3,"body":"I'm sure you want to consume"},{"speaker":"Andy Hart","startTime":5435.98,"endTime":5439.3,"body":"more stuff about him, great"},{"speaker":"Andy Hart","startTime":5439.3,"endTime":5442.9,"body":"stuff about business stories."},{"speaker":"Andy Hart","startTime":5439.3,"endTime":5442.9,"body":"There's a famous story about he,"},{"speaker":"Andy Hart","startTime":5443.14,"endTime":5446.92,"body":"he owned a lot of the"},{"speaker":"Andy Hart","startTime":5443.14,"endTime":5446.92,"body":"Argentinian sovereign debt when"},{"speaker":"Andy Hart","startTime":5446.92,"endTime":5449.86,"body":"Argentina went bankrupt, and"},{"speaker":"Andy Hart","startTime":5446.92,"endTime":5449.86,"body":"load of other stuff. So it's"},{"speaker":"Andy Hart","startTime":5449.92,"endTime":5450.64,"body":"interesting"},{"speaker":"Unknown","startTime":5451.24,"endTime":5455.98,"body":"is that, is that"},{"speaker":"Unknown","startTime":5451.24,"endTime":5455.98,"body":"Nikolai? Is that Nikolai, Nick"},{"speaker":"Unknown","startTime":5455.98,"endTime":5462.84,"body":"and I met personal friend."},{"speaker":"Unknown","startTime":5455.98,"endTime":5462.84,"body":"What's"},{"speaker":"Nick Lincoln","startTime":5462.9,"endTime":5465.42,"body":"the name of the"},{"speaker":"Nick Lincoln","startTime":5462.9,"endTime":5465.42,"body":"bank? How'd you say it?"},{"speaker":"Andy Hart","startTime":5465.42,"endTime":5470.34,"body":"Norgs. Norgs Bank."},{"speaker":"Andy Hart","startTime":5465.42,"endTime":5470.34,"body":"And my final point, a friend of"},{"speaker":"Andy Hart","startTime":5470.34,"endTime":5473.4,"body":"the show, Pete Matthews, who's"},{"speaker":"Andy Hart","startTime":5470.34,"endTime":5473.4,"body":"coming to trap live. He's bought"},{"speaker":"Andy Hart","startTime":5473.4,"endTime":5477.86,"body":"his ticket. I think he's doing"},{"speaker":"Andy Hart","startTime":5473.4,"endTime":5477.86,"body":"the i. The triple event he's"},{"speaker":"Andy Hart","startTime":5477.86,"endTime":5483.0199999999995,"body":"doing, Brett Davis a trap at"},{"speaker":"Andy Hart","startTime":5477.86,"endTime":5483.0199999999995,"body":"night, and then Abraham's"},{"speaker":"Andy Hart","startTime":5483.0199999999995,"endTime":5486.5,"body":"conference on the following day."},{"speaker":"Andy Hart","startTime":5483.0199999999995,"endTime":5486.5,"body":"He's got a new book out, uh,"},{"speaker":"Andy Hart","startTime":5486.5,"endTime":5491.72,"body":"meaningful money Retirement"},{"speaker":"Andy Hart","startTime":5486.5,"endTime":5491.72,"body":"Guide, uh, just sent to me"},{"speaker":"Andy Hart","startTime":5491.72,"endTime":5494.48,"body":"today, actually, so I've not"},{"speaker":"Andy Hart","startTime":5491.72,"endTime":5494.48,"body":"read it. So other financial"},{"speaker":"Andy Hart","startTime":5494.48,"endTime":5497.5,"body":"advisors, please do support it."},{"speaker":"Andy Hart","startTime":5494.48,"endTime":5497.5,"body":"I'm sure it's gonna be insanely"},{"speaker":"Andy Hart","startTime":5497.5,"endTime":5501.16,"body":"good for clients. So yeah,"},{"speaker":"Andy Hart","startTime":5497.5,"endTime":5501.16,"body":"that's Pete's new book,"},{"speaker":"Andy Hart","startTime":5501.5199999999995,"endTime":5505.0599999999995,"body":"Retirement Guide. Thank you."},{"speaker":"Andy Hart","startTime":5501.5199999999995,"endTime":5505.0599999999995,"body":"Okay,"},{"speaker":"Nick Lincoln","startTime":5505.0599999999995,"endTime":5508.3,"body":"right? 90 minutes"},{"speaker":"Nick Lincoln","startTime":5505.0599999999995,"endTime":5508.3,"body":"crikey, just about alive, just"},{"speaker":"Nick Lincoln","startTime":5508.3,"endTime":5511.0599999999995,"body":"about still friendly with each"},{"speaker":"Nick Lincoln","startTime":5508.3,"endTime":5511.0599999999995,"body":"other. There you go, dear"},{"speaker":"Nick Lincoln","startTime":5511.0599999999995,"endTime":5514.96,"body":"TRAPPIST, thank you for your"},{"speaker":"Nick Lincoln","startTime":5511.0599999999995,"endTime":5514.96,"body":"time as Episode Episode 70 comes"},{"speaker":"Nick Lincoln","startTime":5514.96,"endTime":5519.3,"body":"to a close and disappears down"},{"speaker":"Nick Lincoln","startTime":5514.96,"endTime":5519.3,"body":"the you bend of time. Thank you"},{"speaker":"Nick Lincoln","startTime":5519.3,"endTime":5521.64,"body":"for your time and input on the"},{"speaker":"Nick Lincoln","startTime":5519.3,"endTime":5521.64,"body":"show. Do leave a six out of five"},{"speaker":"Nick Lincoln","startTime":5521.64,"endTime":5524.58,"body":"star review on iTunes or your"},{"speaker":"Nick Lincoln","startTime":5521.64,"endTime":5524.58,"body":"app of choice. If you possibly"},{"speaker":"Nick Lincoln","startTime":5524.58,"endTime":5527.7,"body":"can leave a review on it, like"},{"speaker":"Nick Lincoln","startTime":5524.58,"endTime":5527.7,"body":"and subscribe to our YouTube"},{"speaker":"Nick Lincoln","startTime":5527.7,"endTime":5531.72,"body":"channel. Well over 1000 weirdos"},{"speaker":"Nick Lincoln","startTime":5527.7,"endTime":5531.72,"body":"now subscribe to us, which is"},{"speaker":"Nick Lincoln","startTime":5531.72,"endTime":5534.5999999999995,"body":"lovely until the next time from"},{"speaker":"Nick Lincoln","startTime":5531.72,"endTime":5534.5999999999995,"body":"the Track Pack. It's adios. Take"},{"speaker":"Nick Lincoln","startTime":5534.5999999999995,"endTime":5536.9,"body":"care out there, and we're"},{"speaker":"Nick Lincoln","startTime":5534.5999999999995,"endTime":5536.9,"body":"looking forward to seeing a lot"},{"speaker":"Nick Lincoln","startTime":5536.9,"endTime":5541.82,"body":"of you see we cannot wait that's"},{"speaker":"Nick Lincoln","startTime":5536.9,"endTime":5541.82,"body":"gonna be amazing. Love you"},{"speaker":"Nick Lincoln","startTime":5541.82,"endTime":5546.08,"body":"loads, and we'll see you as and"},{"speaker":"Nick Lincoln","startTime":5541.82,"endTime":5546.08,"body":"when. Goodbye, bye,"},{"speaker":"Unknown","startTime":5546.08,"endTime":5548.18,"body":"bye, bye, see you next"},{"speaker":"Unknown","startTime":5546.08,"endTime":5548.18,"body":"week. You."}]}