Earnings Season - Episode 20 - The Gift of Fans

Episode Date: December 27, 2019

This week on Earnings Season @HDanhai & @RTRowe talk with...YOU! A panel of listeners as guests: @MiossotyJohnson, @tehpengu @mslikklebit & @philburginvests. They tell how they started their investing journey, how they control (or struggle to control) their emotions when investing, their favorite episodes, gems they've gotten from the show, Accidental Gains, $FTNA.ja (of course), analyzing picks using real, practical tools and they experience first-hand how the tangents happen while also doing some analysis and sharing their own insights on a few stocks... @5Solae pops in mid-convo and a whole lot more got touched, they get Ryan to name a few of his stock picks for 2020 and mention a few things about some upcoming IPOs. @RTRowe wraps the year with a personal, sample 'Go Hard on 100k' investing plan he'd try. Come for the gems, stay for the entertainment.. Enjoy! Contact: [e-mail] Follow us on Twitter here: www.twitter.com/Earnings_Season Links, Notes and Shoutouts are below...👇🏾👇🏾👇🏾 $JP.ja's price on Nov 15, 2019 ($24.11) - https://imgur.com/yJ91PCb JSE Portfolio Tracker - http://bit.ly/37c2UJ5 Group Entry Requirement FREE Course - http://bit.ly/2YDELYM The Masters from Todays Money Limited - http://bit.ly/2tXDUqF @RTRowe's Mock Masters Portfolio Tweet - http://bit.ly/37gnGr4 Red Stripe "Insider" Investigation Article - http://bit.ly/2Su9OoK $FTNA.ja parking spots article - http://bit.ly/2SwQtUc Shout Outs @johnhjack @TodaysMoneyLtd @stewpert @Schweppes @Wisynco @worthyPark, @jcknight2, @MarcGayle, @devrhoid, @stewpert, @guruintraining_, @BrandoAttacks ★ Support this podcast ★

Hi guys, welcome to Earnings Season. I'm at RT Rural. And I'm H. Danai. And this is our Christmas episode of Earnings Season. So for this episode, I wanted to bring you guys a gift. So the best thing I thought to do is to do a gift is to present it to everybody so i have here with me a panel because we actually have a guest this episode it's not just me and danai i guess yeah i guess yeah a panel of guests okay sorry a panel of guests thank you danai a panel of guests and i'll allow them to introduce themselves starting from

my left here uh steven steven darkins yeah uh he'll put my twitter in the show notes because it's a mess it's a mess yeah yeah but at t-e-h-p-e-n-g-u steph pingu i'm sure he'll be in the show notes and we are beside him Hi I'm Mia Soti Johnson I'm at Mia Soti Johnson on Twitter happy to be here

Hi I'm Rene Wallace I'm at MissLekobit on Twitter Oh God I'm Philip Burgess at Philburg Invests a bit on Twitter. Oh. That's me. Oh, God. I'm Philip Burgess at Philburg Invests on Twitter. Yes, sir.

The Troublemaker. Yes, you're right. All right. I'm writing. Yeah, the Troublemaker. All right. So, I have a nice panel, I guess, here.

Of course, we're recording the JPN, so we have Bam, of course, in the background. Hello. And this is early in the season. So guys, you guys are getting to see how the sausage is made.

This week is a Christmas episode, like I said, because this is December 25th when everybody's listening to this in their cars or their, what else people listen to? I mean, they'll be at home. They have radios. They have radios. Everybody will be home.

But some people drive. Some people might go to country. No German Christmas Day. No at home. They have radios. They have radios. Everybody will be home. But some people drive. Some people might go to country. No gym on Christmas Day. No gym on Christmas Day. That's your thing? That's all right. It is. Wow.

So we know who is healthy on the panel and we know who is quiet. So, Miosote, I see Miosote nodding. You on the gym thing, though, or? I tried it and I was wasting my money. I mean, I paid the fees and I would go once. A blue moon? Mm-hmm.

No. Yeah, I know them way there. I do enough exercise at work. Word. You want the people you do or you don't? You guys don't have to if you don't want to, by the way.

I mean, I work in the emergency room. So it's up and down, up and down. Oh, wow. Looking for things. I've never met one of the security guards in the emergency room before. Oh, me neither. What never met one of the security guards in the emergency room what's it like working at the front of the emergency room it's stressful telling that you're a doctor man before you just start something just crying all right what he said the real security name all right think pieces of how i'm marginalized

the doctor tell me you're thinking big man you work in the emergency room at ua yeah yeah so it's stress stress stress all the time. Yeah, man, it's stressful. Investing must be easy for you. No, it isn't. It's not easier than an emergency room? No, the emergency room is easier. Oh, really?

Because, I mean, it's something that, I mean, I studied for it. I'm comfortable with it. If I don't know something, I know who to go to, I guess, you know. And there are colleagues like Phil who refer patients on to start a hospital. Load up the next doctor, can't never say it to you. Investing is a little bit more tricky for me. Really? Than saving lives?

Yeah. Damn. Well, that's the thing, saving lives come easy, I mean. Yeah. Wow. I'm thankful to hear that. Like you're a natural. Yeah. I don't know if anybody can agree with you the doctor they might know storming saying no no it's like she's telling

investing wow you want to tell me you do steven uh no you don't want to tell me yeah that's smart stay out of trouble then i should have said that from the first episode um anybody else on our panel want to say what they do that hasn't been loaded up other than the doctor at the end there dr phil i service these two i'm a medical representative and i'm a pharmacist straight up straight up you have fontana shirts is this a medical podcast wow wow so we can jump right into it. So we know everybody who's everybody.

Guys, I hope you can make the voices out. If you can, people talk and I'll try and remember it sometimes. If I have any surprises, I'll have any surprises. So I just want to have everybody here. I know all of you here listen to the podcast, right? All of you listen to every episode? Definitely. Every episode.

Oh, you guys better than... One and a half to two times. Better than me. Well, than I do listen to every episode. Well well i guess he's in the midst of recording right no it's not the same it's not the same thing it's not the same thing yeah yeah it's not at all not at all the same not at all yeah because you guys chop out totally not even yeah sometimes sometimes anytime yeah anytime we only sound like we're careless, as you guys are seeing now. Yeah.

So I like to start by just having you guys talk about your investment journey. Because what I like is, one of the reasons I started the podcast was to get regular people into it. And because I like podcasts. I'm a nerd who likes podcasts. So I thought there should be one on local finance in Jamaica. But it shouldn't be boring. It should always say the Owen James report, which forces me to

big up Mr. Owen James. Big up Owen James. He's done a lot of this. Yeah, a lot, a lot, a lot. The years of watching it in high school has made some impact. I don't know what

he's talking about. Well, I did, yeah? So that's a funny thing. I knew what he was talking about. I did not. I did not. I did not either. I was not watching the news

I mean either but I used to walk past and hear him say this gone up I was like okay what are you talking about but no it's not the same everybody understand what I'm talking about look how that worked out thank you Owen James giving him all the credit for that

but yeah I wanted just regular people to hear it. So that's why I didn't do like a kind of structured, structured, this is what happened this week, blah, blah, blah, blah, blah. And not that there's no space for that. Big up Khalilah. Khalilah did a lot of that.

So she's finding that nice mix where she's very structured and media house-ish. She brings it that way. And that's great. But I deliberately moved away from that because I want a podcast. I want regular people to hear it. i want the people who walk past the tv when the business news was on to listen to this and understand what it is right because now everybody

won over ipos everybody wants to know stocks blah blah blah but nobody not really considering to watch that the news itself is is a headache sometimes it makes you sad yeah i actually actively stopped watching the news years ago and turns out it don't stop you from being successful or knowing what's going on yeah but i don't need to hear about every single murder right yeah um which i'm not hearing every single murder on the news either i don't use whatsapp either so that's a great place to find out about murders or bakers as I like to call them yeah but I wanted

something fun so I'm glad that everybody's here is anybody like an experienced investor how long have you guys been investing you can tell me Stephen I mean one week is

experience you know one week is experience you know it really is I've been doing this probably about 10 years 10 years strong yeah straight out of college pretty much man now yeah hey friend yeah come on this one

people will start recording right if anybody has responded to that it's christ is it's Christmas it's December 22 I really hope you're listening to this with your girlfriend beside you I hope I hope she's listening to this beside you

she's going to I hope you listen to this with your girlfriend and her family oh yeah definitely I want to declare that he's digging this hole on his own. Definitely. So, the thing that you wanted was... You can tell the people.

I want a platonic sugar, mama. So, you know, platonic, it speaks for itself. All the money, none of the... Work. Sugar. No, sugar. It's sugar. The benefit is we talk about investment portfolio we'll have a good

conversation and work it out make some money so you can pay me more reason of the benefit 2020 2020 what a thing wow and no hits yet guys so you know space is always open it's a big vacancy still there even home for families looking at you even multiple multiple, right? Because, I mean... Word. I'm just saying. Stephen? I'm ambitious. So, Stephen, you want yours to be platonic also?

I mean... There's space for many platonic and, you know, one, you know, there could be more. But anyway, yeah. I've been investing about 10 years. But at the time, it was just more me doing my own research and trying to do the, like Warren Buffett, and trying to figure out, you know, do some reading and see which and which different investors and try and develop a philosophy. But I was a little bit more selfish. I wasn't like Randy and Deny where I felt like I needed to tell people or talk about it.

So for me, it was just me on my own for a long period of time. And then when I rejoined Twitter and I saw, oh, people are actually talking about investing. I was like, oh, snap. Oh, I know you're from Twitter now. Sorry. Yeah. Steph Pengu.

Yeah. Now tell it to his face. You know what he should have bought you out of the road. I don't know what he should have bought me. Yeah. So, I mean, definitely very thankful for the earning season you know yeah so what's your what's your journey me or something

well i i have my friend kevin to credit for starting me um you want to pick him up properly big up kevin You want to pick him up properly? Big up, Kevin. No, no, no. Hey, hey, hey. You see the women. Women want to be very quiet. Unless I'm pulling up. Big up, Kevin. About three Kevin go, yeah.

Not true, Kevin. What happened with my friend, Kevin? Mm-hmm. Friend. So before I actually started stock market investing, you know, I went to him. He and his wife, well, me and his wife, sorry. We were colleagues, right? Okay.

Same specialty. And we were talking about something one day and she said to me, go to Kevin, man. He knows everything about money. So I sat down with him and he actually went through those basic things. Budgeting. Right. He did those basic things first.

Looked at the stuff that I had because i had money all over the place okay right um i would buy like you know vm has these little cds and i would i would just be putting money kind of saving it without really knowing okay okay so you're like nothing though so yeah so you're like a lot of um you're like what a lot of people are which is we save that's how we're interviewing a lot yeah because i didn't i didn't know what a stock market was and i was a bit afraid of it right um i mean years passed i went away i came back and you know got back to talking with ke about, because I mean, Kevin is my go-to for money issues. Okay.

Trust him. Kevin is the richest person I know. Where's the sale? You and his wife are still colleagues? Yeah, man. Straight up. He's like my best friend. So, I started July 2018.

Oh, that's when you started to get serious. Well, so Kevin, he took my money and just picked. He got, you know, five companies for me, starting on that. And after that, no. But Kevin is busy. So I knew i couldn't really be open you know right so i decided then okay so i would i put it i put it on the jsc tracker and i was tracking it and i got really interested and i mean it's really good pics i like that i like that i like that big up kevin big up a couple of things to touch on. Big up, Kevin. Big up for helping you start properly.

Big up to JC Tracker. Right. JC does have a tracker on their website. Now that you've mentioned that, I'm going to have to ensure that's in the show notes. Thank you very much for that. Keep going. So after that note, in, I would say, February 2019, that is when I really started to get more serious in terms of wanting to learn how to do it on my own, how to learn to do it for myself. And my sister, you know her,

she introduced me to you guys. You couldn't big up your sister still? Big up Sammy. Straight up. Sir at the Layman's Doctor on Twitter. Yeah, yeah, yeah. Big up the Layman's doctor on twitter yeah yeah you big up the layman's doctor yeah right you start putting together so don't want them come plan up here so she introduced me to um all you guys on twitter the world of it right so that's when I actually started, you know, reading, attending the classes. Which classes? Big up Malik classes. I mean, big up Simon, guru in training. Big up Randy. Thank you. Grower.

Yeah. Big up Mark at Mark Gale. You're paying for this? It's not free property I didn't get to go to David's I missed that one Yeah, David had one David should keep another one

Big Up Derivoy when he had his stream because it helps for me when I get exposed to different things I get to see the different aspects of, I guess, building a portfolio, building a strategy. So that's what I'm trying to do now. Get to the point where, okay, I've been exposed to all these different ideals, value investing, etc.

So it's just for me to choose, to decide what I want. Set your goals. Set my goals and then from there work on my strategy, my philosophy. But you came to my grow up class.

The second one, maybe? When did you come to my grow up class? I came to your first GROW and your first advanced GROW. That's true. Yes, yes, yes. You were there. And I did one of your...

What's it been like? What's it been like? You did one of the IPO classes, right? You see how turbulent my business is? Let me pick up myself. Myself on this. People who don't know what GROW is, check the show notes

and there's definitely something there. But I'll give an explanation for it. is me doing a class a lot like the podcast meaning um broken down very simply how to get started invested how to understand the thinking behind investing so it is and it's for regular people it's not for people it's for people who hate maths i said that all the time because people refuse to believe that i hate maths then i don't hate maths then i was like mrbers and get it from the jump. But I grew up with that Jamaican fear of maths. And yo, I'm so good at reading.

I'm really, really, really good at reading. But life put me in a path where eventually you realize that everything is math. Math is everything. And you get used to it, but you don't need it. I'm going to get in trouble for this. Sorry to have you guys on a podcast. I'm going to getting in trouble you you don't need to love math in the way that we think about loving math or being like a finance person to invest well agreed and that's

what i try to bring out to grow so i'm glad to see that you need to start it wait about it and see it's still a work for your strategy you're trying you're trying to find out yeah i'm to be honest i still am because i don't think i'm at the point where how do i say this but i'm i'm confident in in reading about a company like the research doing the research and and finding the things that would make this a good investment i don't feel confident in that as yet. Ah, because sometimes you say you feel things, like you might find something, but you're not sure. Right.

Yeah, yeah, yeah. Welcome to investing. Yeah, even sometimes now I feel that way sometimes. Every single time, still. Yeah. Yeah, years, and I still, I still, I'm not sure. Yeah, I'm sure. Yeah, and I still want to talk to a boy people at the time,

but who are you going to talk to? Words if you're me. Phil knows this all the time. I to about people at the time but who you're going to talk to worse if you're me phil notice i think i come to phil all the time say yo phil i don't have a randy to go to yes i don't i don't get to all right so you would have known who would have known when i talk about you you'd have what was the company that would cover that the very first girl um in terms of the it was like it was the one where I guess that's a tip because I'm not going to get in trouble and I'm not going to jail

but it was not a tip but we did spend a lot of time I did explain like how I think about something and how I figured out why I explained

I picked fully no man it's not come on it was jam tea it was jam tea and jam tea was about, what, $3 something? $3, $4.

$4, yeah. $3, $4, yeah, yeah, yeah. And now it's, what is Jamty? Six plus. Six plus. $6.30 today. So you know who,

so you know who owns Jamty. You know who, so you guys have an idea of who will fill it. So right, so if you're a real fan of the podcast, you understand how to do

something on the podcast all the time that I don't say, right? I say all the time, but I don't say it. I say things that people want, but we don't spell it out. And we don't say that we say it. So I don't tell anybody to listen to the podcast or Pixar to know what to do. I don't tell people to listen to learn what strategies are. But what Neil Soti, Dana and I were talking, we're looking at something that Neil Soti

wrote. And if you follow the things that we say on the podcast, it's very clear insight into a lot of companies and i get that from a lot of people people who have been over the fact that some people don't like what we do some people aren't always like some people always agree with us those same people listen to it and learn things that part is what blows me away yeah people tell me do you know i met a young lady who she I was taught she saw my phones my phone has every logo on it and she said every nickel I know that I won't say which broker she know it from but she was at a broker and she said the guy was reading to her and he had it on his screen and so she thought I was affiliated with that broker she thought it was under their thing

and she said she know it because she go man she check for the article and she saw it on the broker website it's not there anymore i don't have a problem with that i know a lot of people look for the content and they build on the content i like that i like being a a place where i can translate something that's seen as complex and hard for people to regular people but i don't know how to get people to know that what you're feeling is not something that's ever going to leave you I tell you to deny all the time say that feeling of you can't be single you don't know you don't know so you reach you reach a point where you cannot know more and it does last because you don't know where to look it's just not there in your face so what you do yeah at this point you're facing the edge of the guest cliff i call it like you have learned everything you can learn publicly so the point uncertainty either step off with it

or just yeah go try me that money yeah and literally the only reason because i've always been there and the little only reason to get in there is all right it looked to me like doing this makes sense it's going to happen so it's going to make sense so at the first grow we spoke about I spoke about QWI so QWI wasn't around then yeah

it wasn't even being spoken of at all it was just talking about this company Jamty has something under it it's linked to KIW and they're also

going to do this investment thing it seems and of course it's in their books it's going to come out it's long before there's any QWI thing of course it's benefits but books it's going to come out it's long before there's any qwi thing right of course it's a real benefit site but at that point as much as

i say in all of that well i had more surety then because by that point some of it was in financials but so we had that conversation let's say august july august of 2019 and we'd have been following it then i said we'd have been at that point of we're not sure if we're right maybe november december 2018 so there's nothing to say that we're correct before that yeah well yeah so long before it even named qwi we just know something's going on and if you check the group you should see some record of us talking about something like that so some of the people in this room are in the group not everybody's in the group so again guys if you want to get into that do not email or pressure me or dm me there is danai at h danai to ask about this we can keep mentioning this group on this show i mean at this point i'm making a standard response yeah yeah people don't get vexed with you for what i don't

know i'm just telling you what you need to do to get in the group straight up which is tell the people on the podcast the course the course the. The notes will be in the show notes. The link will be in the show notes. Thank you, sir, for making me have it to work. No problem. Yes, do the course and then I'll tell you the rules of the group.

If you're okay with that, then we go forward. There is no money involved. We have to pay the body no money. Yeah. There's nothing like that. It's not for money. It's not a paid thing.

Yeah, we're just doing this because we want to have a conversation. Yeah. And I'm looking for more people who can maybe be like yeah i've met deny through the group yeah yeah literally and it's just over the last two years that i've been investing so i stopped at you may have sorted to where you were i got to the next person in line which is again you can just remind the people Miss Likabit my journey started I don't know I would say I'm an avid

saver so I always save with a goal in mind and I'm also an avid spender so I always want more so I'm not sure Miss Likabit you know that could work.

So I was in about August 2017. I don't know what was happening, but I remember I was speaking with a family friend who is one of the Money Masters guys. Ow. And yeah, yeah, yeah. I know how y'all feel about them. No, we think it's great.

We love it. It's just, you know. Anyway. Return and speak think it's great. We love it. It's just, you know. Anyway. Return and speak for themselves. There's nothing for us to say. If you listen to this right now, go and check. Big up the masters.

What's their Twitter handle? I don't know. I think it's at the masters. It's going to be in the show notes. Today's money. Because today's money limited. Yes. Yeah.

I'll put in the notes. I haven't done this before. When I first heard that show, I wanted to actually apply because I was calling them but I kept put in the I'll put in the notes I haven't done this before when I first heard that show I wanted to actually apply because I was calling on but it kept ringing on so I was like never mind

it wasn't meant to be yeah it's a sign that's unfortunate no but just made that money man you make money if you win yeah

point true yeah and it's not always yeah it's cool it's siz always it's sizable it's sizable what do you get you get half of the gains

if you make money on the 500 grand then you get half of that oh because any money you make above the 500 grand you get half of it for yourself so you have to make money for you to get some money so you cannot be the the one to say this yeah don't get us in trouble and you have a job so I don't you to get some money yeah so you cannot you cannot be the one to say this yeah don't get us in trouble then i and and you have a job so i don't mean to get us in trouble

maybe he's not on that show but um let us cut that out for you though whoops why you haven't said anything bad yet i just know what you're going to say but you haven't actually said anything bad yes i don't want to say it's cool i would that's why i said let me get in trouble i have a long history i get it in trouble yeah um if they're required to make money for a prize then it seems that even a winner will be losing right i think it's pretty poor i think i think i made a tweet the other night i was just looking somebody said because i haven't watched the show yet. Just time. I watch every now and then I watch a clip. I don't think

I've finished an episode. So what caught my eye was they have to share their portfolios, understandings, and it's kind of embarrassing. Because none of them are, all of them are below. At this point, so we're recording this

a little before Christmas, I don't know if you're hearing it on Christmas. At the point we're recording this, everybody's in a lost position. If you win, then I was the best loser. It's like all of the American team racing against both. To me, that's crazy. And the beast. Overshadowed. Oh my God. Oh God. the beast overshadowed oh my god oh god all right so yeah that's the simple truth of it i i wonder

about that show all the time in that companies yeah come you put yourself on the line they put they put their money managers or somebody that in some level doing that within their organization put them on the show and say go and make money that's good PR right and you don't make money so that look yeah look at her they still have a little time to go give them a chance they can recover oh definitely yes there might be some decent picks in the mix so my tweet was no of course as in i know they're good picks i just hope they how much time do they have left i believe it's just about six months they have left they have six months left from this point okay i like it in six months yeah yeah so they've been is that one year so they've been going for six months oh yeah they have time man money's there one of the current concerns i have is that they seem to a lot of guys seem to invest

with a philosophy that is much longer term than the one-year target that they have i think the little i've watched the conversation seems to be going for it's not it's more the companies will be doing well just not necessarily in this one-year period right well you're investing one of them did allude to that you know that he'd have to change his strategy because they shouldn't it shouldn't be changing his strategy his strategy should be in one ear and making money which one of them said that they had to change their strategy

I can't remember which one Chevron I've met him cool guy I met him when I did Khalilah's show I was talking to him I remember I had a conversation with him about Jamty cool guy you can tell I don't know if he's still with where he is because the guy i met he was two of them from that company and i don't think one is at that company anymore i think he's moved to another

broker so i don't get myself in trouble big up chevron i like i like his stance in terms of where it is that he's going but it'd be good if his portfolio was reflecting that but having realizing the need that you have to rearrange your portfolio strategy towards a goal target is something that is something that is good yeah and it's not a thing that well you've been to gross you've heard me say that from the jump any investment you're doing you have to start with what do i want what do i need what is my goal so like both of you said that um you like saving what you save towards a goal i know you miss little breath you said you have to save towards a goal, but it doesn't change for investing. In a day, it's the value that you want

based on how much time you have and what you have right now to put it into. So I say it's a little embarrassing to look on the show because they knew the rules going in. So why six months ago do you need to change? I made a second tweet some time ago before that my portfolio, my pick would have been

yeah what was it? because they have a compulsory rule so I'll give them that there's a compulsory rule that I think you have to fix income for at least 20% of the portfolio 20 or 10% has been fixed income and that's a hit but I see how that adds a level of complexity

to the game which is cool I like that level of complexity um but regardless the the um equity part of their portfolio the stocks part of the portfolio has should be more than capable yeah because things have been performing in the period of time so yeah literally so i made a tweet at the time that i think my, I think at the time that my, my pick for it would be JP. Yeah, I said, here's my master's mock portfolio. And it was that I would put whatever I could in JP. I did that in November 14. So I was wondering what it's worth. No, I can't help myself after now.

You guys can go and talk while I check this in November 14th I had to pick JP these guys are still in a lost position and Jamaica producers would have given us that would be was Jamaica producers while we have the people we don't give them dead air

Phil, since I don't know all this stuff Phil what is what does Jamaica Producers do for a living? Jamaica Producers, Jamaica Producers is... Don't say they produce. Primarily involved in the agricultural

industry, including distribution, but a large, I think it's about 35% of their business has to do with logistics. Kingston Wharves, they own a large chunk of Kingston Wharves. I think it's an old company. It's a pretty old company and so I think over the years they just diversified out

because I know they had some juice juice thing that they're doing in Europe as well in the UK in Europe but not had have

have have matter of fact go ahead what we know them for is well Jamaica banana chips

banana chips their own St Mary banana chips banana chips banana industry itself yes so they started agriculture and they move into the connecting parts where they can produce it they actually have banana chips from the bananas they produce they sell bananas you see the banana boxes on the road yeah it's a jp stamp on them yeah so they actually do bananas they do some farming but they i don't want to get too deep on this that's a diverse far away from that no because yeah but they do it in an interesting way they so they have a lot of land and they lease it and what they do though if so you're a farmer you want to plant you don't

you don't have land for yourself you want access to land I want to farm so you go to JP you talk to them they give you a pot of land to farm and then they will buy that produce from you the mother farm model the mother farm model that's kind of what i was named as an animal yeah definitely so uncle michael is coming in popularity in jamaica you see all that coming about with cut with cotton cb was going into it i think jamaica brothers had a little thing they were doing with it. I'm not sure that it worked out for them where they're doing it now, but JP had a lot of that. They do a lot of that now.

So JP has a lot of land to lease. If you want to get into farming, talk to them. Speaker 1.: Yeah. I think it's pretty interesting that recently, as I said about Azan and Uncle Mike, that these big players are getting into agriculture. You know what I'm saying? Mike been in agriculture. Yeah. Oh, yeah?

Yeah, he has. He owns either the third or second largest individual coffee. Coffee, yeah. Coffee farmer in Jamaica. Mm-hmm. Yeah. Yeah. Don't joke with Uncle Mike.

No. He knows what he's doing, right? Yeah, man. Yeah, man. Yeah, anything can gas the helicopter. Yeah, he's done a lot. He's done a whole lot there, which is always interesting.

It's what happens when you have money because money on its own isn't anything, right? It's one of the lessons that we've learned or I'm still learning. The money on its own though, I mean, pile the money up and look at it, it can't do nothing unless you're spending it. And if you spend it, it's gone.

So you literally have to invest it in something that will push you. Bring in more money yeah at their level it only makes sense to kind of help people yeah definitely only makes sense they make money with you jamaica makes money with them so yo you know it's at every level though it's just it's just impact their impact will be greater than mine because my money no but you're on this podcast think about that yeah think about that i'm talking about when my money no but you're on this podcast think about that think about that i'm talking when my money is spent versus when their money is spent well you put time into this podcast with me

true yeah and that there are people who's there are people i know for a fact who have made money from listening to this podcast you've shared what you know before that you weren't talking you said on at this point i don't know which episode is which but in the past you said like when you started you weren't talking. Kind of like what you said, Stephen. When you started, yeah, even I, well, I talked to just my friends or people around me, but I wasn't really pushing it big like how I'm trying to push it now. So it make a world of difference. You know what, Uncle Mike, all of us guys really, you know, the helicopter crowd really.

I'm joking. I don't know much about the helicopter crowd i see them in the sky like everybody else but i did interrupt you miss miss yeah we've been on this rant yeah so you're not right yeah at advanced girl i actually also served as a tangent police so that i wouldn't get right and i wasn't a good tangent police because randy likes tangents but back to what i was saying one of the money masters guys um we were coming back from a b and i was saying i don't know why it was on my radar but i was like i want to know about stocks and these kind of things like I really need to understand this and he started you know break it down for me I have an obsessive personality so after he gave me a little breakdown I started to research and everything I think after I researched I came upon everymickle.com you got that website. Right? And you know, there's something there

that would say follow him on Twitter. So I start following Randy on Twitter. Shortly after, shortly after we think our IPO was coming out.

So when I saw this, I was like, oh my God, this is a sign. This is a sign. I was also getting my partner draw. So I'm like,

you see, everything is coming together I'm supposed to get into this thing You know young people link up the previous story Then more people partner draw into Wisinco Don't do that Yeah so that's what happened I started with Wisinco

And I held that Till This year I wasn't really doing I wasn't really doing I wasn't really doing anything That's the beauty of stocks You don't have to do anything Well yeah

I wasn't doing anything But we think I also Wasn't doing anything Really For a long time We think I stayed alive Yeah it was just You know man

Yeah So It wasn't really doing anything I had a wedding So I Named out some more money. So now I'm broke. I'm like, okay, back to this stock thing.

No, we're broke. You married me. Right. We're not really broke. But, you know, I'm like, that was a lot of money that was spent. So I want to make back some money and I want to make back money in a reasonable time frame. Yeah, man. So I started to get back on my research and everything.

I think I reached out to Randy on Twitter as well. And then shortly after, I went to the first grow up. And yeah, from then I've been, quote unquote, actively investing. Yeah. And that is my story. Has it worked out well? Um, kind of. You still have the Wisinco?

Well, you see, what had happened was. I think I know what happened. This is an interesting story. I sold my Wisinco. And then after I sold it. It flew. It started to do this nice upward dance. And I was like, no.

Yeah, that also stagnated for like a year. Oh yeah, that also had that one too. That I sold and then after. Yeah. Yeah, I'm crying. I'm crying. This is me crying. FOMO is like the biggest part

of investing or the fear of missing out yeah but you have to just ignore that yeah we spoke about that actually yes and you guys talk about a lot of strategy and all those things and that's what uh you know about the podcast i think it's realistic strategies literally just ignore that because because you have to set it hard but you have to set it hard, but you literally have to set it, all right, can you go back in time and stop yourself from selling it? Nope. All right, then that's it. Boom. You literally just have to take it that way and move on.

And which episode was it? The JMNB episode with Kwame. He mentioned something that I know recently that I hold for people, that the emotions are part of it. Huge. Huge, huge, huge part of it. And I never thought, and I talk about investing all the time,

but it's almost second nature that we do it. I never thought of how actively we sometimes have a step back and just, okay, it's not working. Blue Power. Blue Power recently, Blue Power dropped the news about their, the Caribbean thing, the loss of the thing.

Now, the impact of the business is not that big per se. And I think they have some back, they have some back grown moves to it. And,

if you put in context of my life, me and Randy's life, I would have been hooting about how great Blue Power is up to a couple months ago because I expect them to come under lumber. It's up to weeks

as a matter of fact because I love them right up under the lumber. And I also believe personally that Blue Power have a whole... Blue Power I don't think that it's... Well, I should say what I think. Blue Power in my view has a whole heap of value coming into it,

right? And if you look at Jamaica Tees and QWI, you get an example of how value from one company can be pushed into another company, regardless of what that company does, right? So, for example, QWI, 1.2% of QWI goes to Jamaica Tees every year as an annual fee, no matter what. That's cash coming in. So even if you think QWI profit is not real,

although we don't know QWI's profit yet, but even if you think it's not real, Jamtee is going to get 1.2% of the entire QWI every year as a fee. So as it grows, Jamtee naturally grows. They give themselves a separate dividend, not to count the fact that they already also own QWI. They own all the shares, right? You look at that, you see that kind of example same similar example with various um ming all right so there's

benefit there to the company i say the same thing with blue power and lumber lumber as well blue power owns a piece of lumber plus it pays lots of fees to it but the public expects that bad things are going to happen to blue power very quickly because of the the ruling against them with the 20 which affects 20 percent of the revenue right i don't know what percent of the profit that 20 percent of revenue is but you can't straight line it because their export sales might be higher margin than their regular stuff point is love the company really excited about how they put together love what they're doing read the story enter j trader sell everything immediately literally yeah i don't love them it's not my girl it's not my wife you can go i went i went it dropped i'll buy more because i

do believe in them longer term but yeah you have to just drop the emotions and that's a very real thing so people tell you all kind of books you can read the psychology of investing you already know how things are here jamaican we already have a psychological link to all the people in jamaica i don't think people know that enough is when you go foreign yo you go foreign well i mean america no couple gunshots go off and they've been trained in what to do because yeah they seem to shooting themselves up seems to be a part of a past time but we're in jama Jamaica so we can't say anything about it because we do it too

however in Jamaica you hear a gunshot and everybody move the same matter of fact you step out of a store and two brothers run past you and a woman run past

may I run to them and find a word that natural hurt instinct that we have for other Jamaicans is not a joke and it's in every single thing so

I'm not going to wait to hear an analyst in a house convincing boss to publish this to say that Blue Power might have something. From the headline, come out and people understand myself. I'm good.

I don't need it. When it comes to investing, I'm a wagonist. Unless it's my company where you see my face in the prospector. Sorry. I shouldn't say that. Yeah, it's true. pick up the lab um but

unless it's something that have a deep interest in like that or you don't say me bringing this to market i don't care sell it if you see me bring too much then i sell it same way to follow me if you see me running run to yeah that's literally it yeah just bring it bring it up it's you don't need anything other than the innate sense that you already have in jamaica so yeah i did want to say though based on the point you make because i never want to give the guys on the masters too hard at time because i did say that my master's pick is uh jp jamaica producers and i made that pick on november i made a tweet november 14th i said yeah so november 14th i made that tweet, November 14th, I said. Yeah, so November 14th, I made that pic, and on that date, Jamaica Producers

would have been, well, I've been to Eden, so the next day, you bought the next day, the $24.11, and Jamaica Producers as of today is $23.32, so that goes to show me that I shouldn't run off my mo' picking. But let's see what happens

in the next six months. Let's see if it's ahead of $24.11. It's a good, it's a good little thing for me to remember, to check. So let me put it

in the show notes right now what the price was on November 15th and we can see how it stay when the Masters thing end. But I suspect I know how it's going to end. I suspect I know how.

I put so much into thinking before i say nothing about any picks and the pressure on me is heavy too yeah so i'm i suspect jamaica producers is going to do a lot it's going to be worth a little bit more than 24 dollars and 11 cents in six months but we'll see who knows maybe i'll win it from afar maybe maybe that that that emotions point though is something that's um that's very important i my example of that in terms of an individual stock is actually ncb right everybody loves ncb everybody recommends ncb big up ncb big up ncb and i agree with that right i agree ncb is a great company still undervalued still

has a far way to go I'm not a licensed financial advisor I like that I like that I like that welcome to earning season this is at ITR and Pilberg invest However, I bought NCB, held NCB for a long time, said, you know, NCB is my bellwether, you know, NCB is the basis of the portfolio. It was my largest percentage holding for a long time. And it actually went up to 240, came back down to the 210s region. And my investment philosophy changed a bit. My targets changed a bit. Needing to make a little bit more money in a shorter time than I thought NCB would be appreciating. I said, hey, actually actually had a conversation with Randy.

I would say, if you expect another stock to move faster, higher, in the amount of time that you want it to, or that you need to make money, then why are you holding on to this other stock? It's not your wife. You you holding on to this other stuff? It's not your wife.

You have no commitment to this stuff. It's all about making the money. And selling NCB, I completely came out of NCB at 208. And that was a while ago. That was probably a month ago. And I could actually go back into NCB at this point. Look at that. And remember that this doesn't include

the dividends that I would have gotten over the year and a half that I held it. So, you know, it's very important that point about emotions and controlling those emotions is,

it can be a moneymaker. As you speak about that, I feel I'm in that same position now in the last couple of weeks. It just like, I don't know, sometimes you know Phil I'm in that same position now in the last like couple weeks it just like I don't know sometimes I feel like

I'm really slow because I've been feeling that with a certain stock I've held for a long time I was building up Carreras don't show me guys yeah you're big up Carreras

I used to work there big up I mean it's more like Carreras actually have a nice good value right now and if you want to hold it for years

it's actually not completely bad as I speak right now in my unprofessional opinion no stock is bad no um some of them but gs g was not bad he was going through trouble but i don't think i'm bad okay okay sorry i don't know what's happening there yeah yeah sorry i don't know what's happening there um i used to think sslvc was bad but now they're going through their rework so yeah that's that's pretty good yeah that's a good point you know because there are a couple stocks or something that um i've learned even just listening to the podcast because i i was pretty biased against certain stocks i wouldn't even look at certain

portfolios but then some of the companies i wouldn't even look at you guys have mentioned and talk about being good so it's oh my eyes like hey you really can't if you're trying to make money you can't just be focused on or a bit biased you have to read johnny which sucks well it was for you guys it was uh blue power and uh when qwi came out like okay so why weren't you looking at them at all i just wasn't very interested i was like i was selling some soap. I was like, what's the big deal? You know what I'm saying? We wash clothes every day though. Are you? Yeah, true,

true. But even like on the last one, yeah, Ryan was talking about, what is it? 138? Student living? Student living.

Yeah, there's another one that I didn't even look at. You know what I'm saying? But, and then, yeah, because it's like,

oh, what's going on there? It's like, whatever. But then when somebody's breaking it down, like, oh snap,

if I really looked into it, if I'd done my due diligence then and you know could have made some money you said you diligently made the people feel like you just have to know them though i think about it differently literally you touch on something now what what finish your story yeah no so it's just you know to like you can't be biased and you have to take emotion some of your emotions out of it and just you know really look at the companies for what they are and try to make some money. And I've actually, opportunity cost, I've lost out on quite a bit of money from farming that. Me too, but guess what?

Money I would have made and lost hurt me, but money I actually lose hurt me more. So yeah, you don't, there's no pain in, there's some pain in missing a boat, but there's always another boat. There's always something else coming. We often forget why we missed it. We look at it, we never understood it enough, and we just go past it.

So we went somewhere we were more comfortable. Imagine investing, you never understood really, because you hear the name around the top of the boat, you go do it, and then we lose money on it. You feel worse that way, right? So you miss it, boy, I lose that lose that money but guess what i was comfortable here and you just had a lesson why i should look more into that what was good there what actually happened so you can be in the future you can look and say maybe something can go on somewhere else exactly that exactly think think of it like like how many people complain that they missed a flight that ended up crashing everybody's like yo right and you get

the lesson from that right but unlike with that flight with stocks you can actually learn a reason as to you can go back and go you're wide and learn from that and and that thing can help you to make money so we always say always know the why there's always a reason yeah it might not be a grand reason that you sound you sound nice yeah something happens something up in the market it happened for a reason so you can look into it and you can start figuring out in the future or this look like that thing that happened before maybe it's the same thing you do a research and if it's the same thing then opportunity yeah or if it's something bad yeah yeah don't mind it i don't mind i've missed lots

of stuff i imagine me yeah yeah even though i don't even know it's so funny i don't jump i didn't buy select md that's currently down what down like 20 percent that's a that's a bullet i dodged right same okay bullets every day and at some point that bullet is going to shoot for the moon and i'm probably gonna jump onto it too yeah because I don't love or care about them. It's an opportunity. The only thing that matters to me when investing is my goal and my money. That's the only thing that matters to you. Definitely.

It's a simple thing. Phil, you're the one person I don't press yet. You can tell us more about your journey, how you started. My journey actually is a broken journey. I actually started investing on the jamaica stock exchange in 2001. nice nice um and my initial guidance came from investor choice magazine the actual magazine not the website big up john jackson they got john jackson consistently although

that's dangerous to say these days true true true true um and i i remember the first ipo i participated in was actually uh jmmb ah he's ipo i remember they sent out these orange pieces it's like cash repay for them printing it and it had the price and it's as a child. Yeah, yeah, yeah. Ending high school then too. Boy, you're old. You're old guys. Yes. Wow. I was ending high school around then. I remember that printed a bright pink piece of paper

that you can get in the pharmacy. Yeah, yeah. But that was back then and it just had like the details on it. It was like a poster like you do

at the birthday party. That's what it was. Exactly. But yeah, it's such a far way we've come. Yeah, i was an intern at the time actually yeah yeah nice yeah nice you make a little money back then making a little money i had things like i remember um stocks like dng and lasses democard and everything yeah yeah old man stocks right yeah no you have some people paid off dng up to the last time they left. Yeah. Yeah, yeah.

There are people that still own D&G. D&G? Yeah, there are people. Oh, well, yeah. And they're still, they're still, yeah, yeah, yeah. Guys, if you own stocks some long time,

here's a gem for you. If you own stocks some long time and your parents used to buy from you when you were little, go and ask them for those papers now. Go and look it up.

Go and dig it up. The paper is worth money and it might be worth a lot more money than you think it is. That yeah definitely so at the time um i i was in stocks for a couple of years and uh probably i i would say i made some mistakes in terms of overextending myself and between my between my wife and i we decided you know we step away from the stocks thing and we actually i came out of it completely funny enough she kept some of her

her jmb shares from from back then from the ipo time and um and I didn't get back into investing. I'd say about five years ago, I started to read again. And just in August 2017, I started investing again. And again, my initial sojourn into it was heavily guided by IC Insider, the website. And I would say, I can't remember exactly when, but I came across evermickel.com. Actually, from the newspaper articles. Ah, The Observer. Big up The Observer.

The Observer. You know, I'm originally from that. From The Observer. Big up the Observer. The Observer. You know some Aboriginal from that? From the Observer articles? I was at work, actually. He said, oh, brother, I think I heard the name talking about you. And he said, oh, wait a minute, I saw it on the Observer. I do. I do.

I need to check on that. I do, though, right? The Observer. Well, from when I saw you know, read a few other articles, went on every website. Then I started

I became one of the infamous Randy DM people. Yeah. One of the when I used to be able to answer everyone right right that's why I get the name now

go on talk guys that's H Danai that's who you talk to if you want to join the group I can't manage no more it can get rough though but go on talk That's who you talk to if you want to join the group. I can't manage no more messages. Yeah. It can get rough though, but go on, talk to him. Yeah, man.

So, well, I should go back. So, with, you know, I see Insider as a guide. Most of what I was looking at was long-term investing, putting things down and, you know, the slow accumulation kind of kind of philosophy value investing value investing which i believe still has a oh definitely i don't believe that you need to have one philosophy but you cannot you have one market situation yeah so exactly people talk about value investing as one set type of thing right um either buffett or mungo and

they're the pinnacle of value investing. And one of them, one of them, I'll find it later, they said, any sensible investing is value investing. So calling it all this long-term thing, if you make money tomorrow, it's still value investing.

You saw something and you went for it. Exactly. Exactly. Well, I wouldn't tell me that I'm a short-term investor because I, I sign a date to my, my investments. I put an end date to my investments.

I put an end date on my goals. Yeah, maybe I'm paraphrasing. Maybe I get it wrong, but it was a weird thing to hear. It was a weird thing to hear. To me, it just makes sense. You go for the value. Investing is just like looking for an increase in value. So, I don't know, but yeah, I don't know.

Value investing is the best way to invest, you yeah I'll tell you that value investing is the best way to invest which is why the guys who have the most money do it because it almost removes all of the uncertainty all of the uncertainty over the next five years I must make at least seven percent yeah let's do it ten percent don't make five years a day I can't really get if five years is your goal because you don't really understand what's going on then that's not real value investing if you're saying five years will be worth more than your value investing yeah i think the real thing with value investing is just to cover the downside risk you know since it's like as much as possible you know since it's like you try and get in where you see a lot a lot of value so that's that's why it makes the most sense but i think probably is that some people

as you guys point out pretty regularly they just throw the equate value investing and long term and long term with just it will go it will work because it probably will but i mean when yeah that's the question right that's the thing you know value investing like i say it's the best way to value invest like that's what that's what buffett does heavily the best ways i have three billion dollars i can guarantee myself seven percent off that at minimum over the next three years right i can i can guarantee myself seven percent each year over the next three years because i've seen that intrinsic value of this company i bought is here and i know what their plans are because i own so much of them i'm probably not on the board

i have a good idea that don't work for you with ten thousand jamaican dollars right you're gonna make seven percent over the next three years and it does work you know you're going to make the same percentage you're going to make seven percent over the next three years and if that's cool for you then go ahead and take your 700 hours before fees i'm not knocking that but i will knock telling people who need 100 grand to become 150 grand in a year to go oh come on let me show you this thing and what you're showing them is value investing yeah because not only are you i won't say lying but you're pushing them in the wrong path but you also are poisoning them to the space because you're gonna get what you guys thought about i bought this and it sit down for me a year right and then when it you sell it is when it go up so not only am i vexed but double vexed now because as I leave it good. Why didn't you know this, right?

You're just done with stocks. Yeah. You're just done with stocks. Like you say, you and your wife, you say you stopped. You actually stopped investing. Imagine that.

Yeah. Doing, I mean, you missed the hottest part of the market. Exactly. Which was starting. You missed when it started flying in that time.

You would have missed, you mentioned Ren, have you? You would have missed their delisting. Yeah. You would have missed Red Stripe coming off the'd have missed their d listing yeah you'd have missed red stripe coming off the market a lot of people made a lot of money then you'd have missed

yeah yeah yes yeah you're you're you're around come on this and talk about um buying that five dollars not a joke thing yeah yeah it is that's a serious thing and that's that's how you get into it so i think yeah it's much better you know that's how you get into it. So I think it's much better. It's like you go to a restaurant and they tell you the food's going to come and you wait one hour. You don't have to tell me

and say, yo, listen, we're rushed. I'll be honest with you. It's probably going to take an hour to get your food. I made my decision. That's fine.

So that's my issue pushing people to long-term. Another reason why it's done is that it's the easiest to teach and the goalpost is so far down the road. I don't know if you're going to see me again in five years. Yeah, you might not

be here. I don't know if you're going to see me again in five years. Think about the amount of things that can happen over the next five years. Yo, five years ago, you think the people, Trans-Romeca, you think five years ago they thought we could get out of this hundred-year contract

in five years? For real? Nah. They're in a hundred-year contract but suddenly a short-term opportunity to come to them which benefits us, right?

So imagine planning around that. Yeah, you made the money earlier than you wanted then why not? But then you imagine being a money man who helped, this is me being hyper-thetical

but you're the money man who helped that project happen so you put some money into it and in year five a listing so this money that i was expecting to give me seven percent over the next 10 years in year five is actually going to give me 200 and people go and say yo you're a big boss and you are and you've made some great money and you have and so you start telling that the best way to invest is value investment because it worked for me but the thing that really helped you was a short term moment or something you just couldn't plan for i mean if you look at it like so the value investors they click those people they always talk about what buffett doing and he made this money over this time you bet look at buffett

actually gonna look at buffett he's made short-term money all the time. Has to. All the time. I feel like those people have never opened a report for Berkshire. They've never opened and said, oh, this actually made money from this thing he did two months ago. There are a lot of storied moments where he

acquired a big piece of his company and he bring this merger together and then make a bag of money 200 up on billions but you're not gonna hear those stories i'm asking him what i'm asking about it and i'm saying what are you doing i'm saying you're gonna sell it i'm going why would i sell it i'm gonna keep for the rest of my life like your buffet says keep it for the rest of your life no bro i own 70 percent of this thing and i just gave i bought it billion. It just kicked back $2.5 billion to me earlier than I expected. Why am I going to sell it?

I have no need to sell it. However, you have $100,000. And it kicked back $200,000 to you earlier than you expected. So I'm never going to sell it because I'm not in love with it. You have NCB and it's $70 and it reached $150. Nobody can talk to you have it so i forever love ncb i forever love ncb but that don't mean i'm gonna leave them on their tour eight for the next eight months maybe i have something i'm gonna do in eight months i'm

gonna come back because ncb is not going to stop rising right but just because i know that you're going to bust in 2020 don't mean i have to sit on the train with you no that's for your girlfriend who love you that's your ride or die i'm not the rider i die i'm the wagonist when it comes to investing no again you don't have to follow it that's why coming back to the earlier point you know one style you need to have the style that fits what you do in the same way if you can't take qwi at one dollar and ten yeah then 130't yeah don't ignore the people them what tell you how much money

they make off of Wigtown because they never know them what's going to make it right some of us knew we would make it

some of us had an idea some of us have a plan but I mean you saw the conversation around Wigtown a lot of people were telling you

nah this doesn't make any sense and there we are one customer one customer remember one customer how are them going to grow I remember that

yeah craziness it's so strange you see it's the same information that we all have but it's literally just how you look at the interpretation yeah literally just how you look at it that makes a difference and i think something like that came back to your point steven what you're saying um like you first used to hear we were talking about the the business report on the news right you hear it uh boring when you know about it no you understand it no you know when you hear lasco went up by last d

went up by three percent it means something to you right definitely and if it does mean something to you you have the same information all people have it's literally just how you look at it yeah because truly at that time you're in school you understand what something going up by 10 percent means yeah and if you didn't go to you probably know what shares mean yeah and so you know if the shares go by 10 percent you mean that your money's worth 10 percent more so you really did not understand it you did understand it you just looked at it differently yeah yeah literally just how you look at things makes a world of difference and that's why people and you'll find so me and Soti you mentioned that you're at a place where like you're seeing the

things and and i know i know i know the braffing the braffers little miss miss said this also when she was when she was speaking she said um that like you know you see the thing she said it to me privately like you see the things and you're kind of people you're not really sure and so you're looking for the thing to be sure right and then sometimes the thing where you pick you see flying say no it's not going on and sometimes flying you say yo should i still buy it yes sir tell us tell us tell us tell us which stock that is say it no i don't have a stock it's you have that you've had that moment many times right yeah i had a a list of stocks that i wrote down in february yeah and that was in the broke moment yeah and i just wrote them down and you know i wrote down the current prices

and i was watching them and i want to say if i had six of them written down five of them moved significantly and i was like but i didn't get to buy it yeah and this was before this was before you did grow yes before you met me before you did any of that stuff um okay i bought i bought at least two out of it so tell the people people i'm gonna listen think about this you know you used to the earning season, in your vehicle or in your ears when you're working, wherever, or on your phone. And you're like, why didn't those sell with stock? Oh, I bought Fontana.

You bought Fontana. I bought Fontana at three something, I believe. Same. Yeah. I also bought Cygnus. That might have been some Randy influence, however. Don't blame me for your good decisions. Randy say.

Randy say. Yeah, those are two other ones. Wow. What other four on the list at this point? If you can say, if you wish to say. One was JMMB. I saw it at 32 I believe In February

And it went up to 50 something And then it came back down And then it came back down I know it's at 40 odd And it's probably going to rise You know So

Remind me of this point After you're done I don't remember What else was on here You get three solid picks Before you did any class And understood anything Three solid picks Yeah but I didn't I what else was on here you get three solid picks before you did any class or understood anything three solid picks I really didn't do much

with it monkey money I did put on monkey money it hurts once you have the mentality I guess you can always and I've been tracking on my own just the stages of

investment so me or soti mentioned is a stage which is very very far along where some of the stages of investment is you i don't know what you're doing you start learning a little bit you're not sure what you just mentioned is a stage that i know people forgot to roll you pick something in your mind you never really do it fly jesus me if me did no so somebody listening to this right now is like, that's me coming. No, sir, me did for buy. And they don't know what it is. I have that moment.

I have that moment all the time. It makes sense and you don't do it. I never hit mail pack heavy. I never hit mail pack as heavy as I could have. You know how to do it. I know. It's so funny. I have a good amount there. I have a good amount there i have a good amount left yeah it's just lots of things we say all the time and you don't go in but again it's not the act it's how

you view the act right and then you have like you have you have another stage where you do put some money in and like you mentioned it just now a monkey money yeah so yeah man i know the feeling when you make yeah man i know the feeling i'm making 300 percent on 10 grand yeah yeah what it burned it burned me so till yeah that's part of what you listen to the podcast you've heard me say to ryan that i will never sell my creamy shares that's not a set of creamy shares i did sell my creamy shares when it broke back IPO price. This is years ago. So when it broke back IPO price,

I sold most of it and I have a little bit left and I'll never sell them because it's always there to remind me. Funny enough, believe it or not, it's always there to remind me about questioning my own decisions and also not always thinking near term.

It's about the mix of the two. So it's so funny that I said that, but you're at a place where you really get it. But I want you to understand that you're never going to know and go, yo, I'm sure. And I'm telling you that because I, yo, my boss is bad.

I say it all the time. Say, then I alone, my no can run close to me, right? I, lots of times, you're still not sure. Yes, still buying, and you're still not sure.'s still not there but it's not about the act it's about how you view the act so you reach a point where you look on it and blue powers are great when you've heard us detail blue power we see it we go through all the things it looked the same to us it looked like what happened similarly to mj

eml it looked like there's an opportunity for profit between the two of them you look like if you hold it before them probably i'll give a dividend in specie then they probably at least i'm probably gonna give us a reserve blah blah blah we're making these guesses long before we know what's going on after a point there's nobody other than maybe the owners of the company or it's a barrier somebody that's going to do it yeah then i work there but then i'm not talking to those guys and go have those conversations. You get me?

I don't know none of them money people, believe it or not. I don't know John Jackson. I don't know Chris Berry. I don't know any of them. So I don't have anybody I can go to for sure. At some point, you have to put up or shut up. I always say, screen the game. Literally, you

either have it or you don't you either at a point where you say okay i am definitely ready now or i'm not gonna bother risking my money and it's fine so you're not gonna risk your money you know but the second or third time you realize say oh i pick it and it gone yeah put it in and then you try that and then next time you put in a small let me see if it's small and you get the 300 on the small pick and go because mail pack at certain prices so we're in the group when we're talking about mail pack whole conversation these guys were going crazy about it and it was falling started falling and everybody's hysterical i miss his one year answer time you know but i said i have x amount of money and i'm gonna put this smaller amount I messaged one of your aunts and aunts and said, tell me now. But I said,

I have X amount of money, and I'm going to put this smaller amount. But in real life, I just put everything down. So now I'm looking at the money on my day trader, I'm looking at the shares he made that have gone up since I bought it, and that money is not going to be money for me. I think that's why at Top Level,

always your money manager is talking about an investment philosophy so they know what boxes they have to take so where they're okay with buying something they know i'm not gonna know everything but if it meets all these criteria then i'm buying it i think that's the cut out that point where this look good to me and what i like it i was afraid of the rest then the devil doesn't know what I'm okay with taking on I'm taking it on a certain amount of risk there is within to yeah risk is in everything

yeah most if there's no risk I don't want it because I mean there's no profit yeah there has to be some amount of risk

because that's how I meant the game yeah it is literally because people can't see that if everything's on the table then

everybody don't buy in there like and everybody knows this is good then it's at the price where this is good it's not going anywhere and that's why people asking so i'm gonna say no surprise because all of the circles have already bought it but you haven't really broke me down for the new people to see it and say okay bye and then you're not thinking sensibly are you you're thinking, okay, the signal is good. So most people are now thinking, boy, I tell people not to buy it at, all right, so it's at 20 something now.

Let's say it's at 25, 26, 27. You tell people not to buy it at 27 because you bought it at 10. But you can use yourself as a judge. You have to look ahead, not behind. I think it's going to be worth $4, and I truly believe that, which is I have my money on it.

So I say it openly. That's something that they don't do in the industry. I mean, of course, be worth $40,000. And I truly believe that, which is I have my money on it. So I say open it. That's something that they don't do in the industry. I mean, of course, there's fiduciary duty. There's things that they can do. But within the reason, within the space that they're able to do it, there's a whole lot that they don't do. There's a lot of space.

Yeah, they do. Because we have less... They can properly make recommendations and get it wrong. Yeah, and it's fine. And we are not where the American market is, and that is the life load of the american market you know there's a difference between american market and us the

biggest difference in my mind between american market and jamaican market is that in american market the analysts talk analysts openly pick the analysts pick with set dates and amounts in mind and then the most important thing after those dates pass they go back and check and see whether or not they got it right. Who missed and who hit. And they say why. Why. Yeah. You need accountability, I would think.

Yeah. No, but think about it. If you can avoid accountability in your life, wouldn't you? Yeah. I know you know why people like me aren't necessarily loved all the time. Because I'm speaking about, yo, let's get it right. Let's do it right. You know how impactful it right you don't seem you know how impactful it is for me when people message me and say i read the article in the observer or i read something

on on on your website or you said something on the podcast or we heard you at a speech you said blah blah blah and i'm just one guy can you imagine when you put in your report and click send that X fund is a good buy? You don't know the person in Moko that is, big up everybody in Moko. You don't know the person in Moko that is putting them last 100 grand into something and say, boy, I'm going to know. So now check the website of them thing. And the website, them money are expert. They must say it good. When the thing drop 30%, you mash up for them life in a Moko.

You mash up them pocket. You mash up the reputation of your company and you might not even know exactly i have to be so very careful sometimes people stress me all the time i'll be so very careful to answer people because i'm not i'm not like it's pressuring but you never know who you might say to you never know what somebody else is going through right so you don't know who see your recommendation that for you was oh i get it wrong but to them them wrong. But to them, they lose their life savings. But to you, it's just, I'm sorry, right? It don't mean nothing. But accountability make a world of difference.

And funny enough, it's weird because the second you start doing it, you immediately get better. Like, it's so weird. If you start picking your picks right now, and every single pick, you put a date and an amount beside it. And when that date pass and that amount passed you compare and you and you follow it up with a why so even if you got it right why did i get it right if you get it wrong why did i get it wrong and wrong don't necessarily mean you get it wrong wrong can be

it move for a different reason wrong can be you expected 30 and it moves 75 and you need to know why you don't celebrate about 75 you need need to know why move forget the celebration take the emotions out easy to take the emotions out when it's easy to tell yourself to take the bad emotions all right but it's harder to take the good emotions out what did you miss yeah so you can learn for a lot of people celebrating accidental gains yeah a lot a lot of people celebrate accidents and they celebrate it They follow it all the way up the mountain And then follow it come right back down And you can't do that You have some people that expect 30%

So you have the conversation with them before Expect 30% You know everybody don't say anything Reach over 100 And you hear them talking about Yeah man it can't go more Because I missed the 30 I got to 100 It must can't go more because I missed the 30 I got to 100, it must can't go more

end up them say it's a 30 because you start falling and say boy okay I was okay with 30% at the start, I missed the 100 trade Fontana is a great example of that boy you love carrying on feel it, feel it, feel it

alright we will talk the things Fontana is so much today how much is so much Fontana today Come here, sir. Phil, you're so avoided, Phil. Phil, you're so avoided. All right, we'll talk the things. We'll talk the things. Fontana ain't so much today. How much is so much Fontana today? Because we get a whole heap of heat because we say, what, the $8 say, yo. $6 something. It's nice, but $6 something.

Ouch. I don't know. I feel like my Fontana answer was pretty straightforward. They own, before this new place, how much, they own five pharmacies before now? Five locations? Four or five, right?

Four or five, yeah. And four or five was netting them enough to put them at a point where they're worth $4. Right. Because that was my fair value. Almost everybody's fair value was $4. Okay, five, right?

One new location, a brand new location, new expenses, the biggest location, the most expensive location is going to give them $3 worth of value. That's 60% of five different locations. Where questions existed

about whether or not they would cannibalize some of the Barbican location. That's the next thing too. You bring real would cannibalize some of the the barbecue location you know so so it wasn't you bring real business into it not many people bring real business into their decision even though they should

that's literally how it works if you look at projections sometimes that people make it's four places five places give us this this next place no matter what this next place will give us this this next place so no matter what this next place will give us

that same amount that makes sense you can put that one place beside some you put it near to a location that was being fed

by the area there must be competition there must compete to themselves don't get me wrong I'm a huge fan definitely but watch me

you think the guy on the big supermarket two chains on the road don't see it wrong I'm a huge fan of it but watch me you think the guy on the big supermarket two chains on the road don't see it and see the big light every day going out check out in big

every time you come for check out in town location this big superman F'd in them way and had months to prepare for it yeah

and then talk about everything and understand this being listed is powerful but it comes with drawbacks yes you have certain amount of secrets but you don't have that many secrets because if about everything and understand this being listed is powerful but it comes with drawbacks yes you you have certain amount of secrets but you have that many secrets because if dana and i can look

at the numbers and say huh pressure imagine if i'm your competitor and i can look at your numbers i know when to pressure you yeah and yo this christmas have to be good enough yeah man yeah man i think this christmas good dumb and eat some food this christmas you better can't hold that food until j June next year because my leg got everything nice. I mean, that guy is cutting costs. The other day,

he's doing that farming thing. He says it's hard for him to get his produce to the market. Fresh produce. To Megamarkt. Into Megamarkt. So,

he's doing his own farm to do that. Yeah. Get my supply sorted out. I don't have any problems now and that sounds like some cost savings there yeah i hope i can squeeze people margins if my things are cheap yeah and watch me now i can squeeze my margins for a good little i can squeeze it for four months let's see if you can take four yeah remember i don't say you can't take too bad quarter you know so i can go to the bank and say, yo, let me 200 million, 10 years.

Watch this. I'm just, I'm just spend that 200 million over the next eight months or the next year. Can you hold out? Can you cut your prices for eight months? Can you cut your price for 12 months? Can I make the people drive past me? That's business.

I love it. It's so exciting. You hear what I'm saying? It's so exciting to me because I don't know if that will happen. On the flip side, Fontana are dead either. Fontana have the market behind them. Fontana can hear,

say you get 200 million at the bank, and go, what? And the bank, you have a six, the bank then you have maybe 9.5%. Because you're good for it. You have a big thing. Cool.

Fontana come to the market and say, yo, 5% paper, half a billion. I'm giving them. I mean, I'm not. I ran the road. I'm not taking no 5% paper.

But there are people out there who would, right? Because it's a guaranteed 5%. Remember I said the rich people? There's somebody out there for whom I can give you 30 million and I'm getting a guaranteed 5% on it for the next 5, 10 years. Sure, take it front on. I love that. Yeah, yeah, yeah.

And then now we have two titans who are in. Who going to finish first, the 500 million or the 200 million? You get me? But that's not a situation. It's not a situation in which you make extreme profits that's a situation in which everybody starts fighting for every cent and can get and profits become hard to pull in that situation you're not going to double this share price in my view you see a real business makes sense yeah without going to any other other numbers it does real common sense business that's

the difference between i'm trying not to say something rude skin in the game skin in the game oh yeah i don't know but mandatory yeah mandatory big up you guys can do you guys want to pick him up man yeah big up big up brand big up for absolutely yeah man it's a mandatory big up uh but it's a real thing and that's what i'm thinking every jamaican can understand yeah and you don't need an mba for it and i know a couple mbas and you do the mbas and you talk to the people have mba for the same thing common sense beat everything grandma never wrong it so having said all of that you guys actually have everything that you need to merry christmas thank you i'm joking but i like that you guys bring it up i'll jump to something else then so tell me

what you guys who taught the podcast so it was your favorite episode so far everybody can tell me my favorite episode there's so many gems bro gems there's so many good ones there's so many good ones but i mean something you learned tell me a gem you've gotten from the podcast all right so well for me because i guess i've been invested for quite some time but you know you get locked in for me i got locked into a certain mindset so for me it was just and i mentioned it on twitter i was like even in the last episode we were talking with ryan this is the perspective when you when you're starting to hear from people you know the like for me in that one is like the different levels of you know i guess wealth that you can aspire to you know and how to navigate that and what

you're probably even looking to try and get there you know i'm saying and then but even before that just how you guys invest or even thinking more short term as an example or just try and make some money you know i'm know because then i was bought into the value investing oh long term and that's why i'd like some career stuff because i'm like yeah you know get some dividends and strong though knock it big up man like stupid stupid super it's a lawyer version of mine i should be giving up on this podcast but um yeah well i remember about two you know you know yeah same school same school with school at camp oh okay you went to campion i don't know what's your let me not say the wrong thing as far as i know still went to

woolmouse yes proud woman oh maybe you think i'm wrong yeah yeah maybe you yeah it might be you because i know your face but i don't know from where so you might be using a u-tech tone small uh i mean from fifth or sixth one whichever all right left fifth form oh five uh six from oh seven oh i i went to campground in oh five oh okay okay okay okay i went to the other six former yeah welcome to i know that feeling sometimes i said things to too man he was like what like you remember that like in 98 when randy says other things about the market or things are happening with our company and my brother i wasn't around him that's true because you see because i talked to him like i

taught him like he's one of the few people i can talk about the market so i just take it for granted say you know like no no look at me no say anytime the results bad then tell you everything in the results before right and i can reference like just like holy for things like what happened to me what happened when jetcon lists is a memory yeah but to him like that's before he even started paying attention yeah i came on subject yeah so to me like i have entire stories of telling people your jet can't make sense i hear no but to him and just come in and hear four years ago disappearing the company i was like all right three years was when i started so i never saw that but it's accepting me it's a weird thing

know people are like if you don't know and then sometimes i'm guilty of that acting like if you don't know is there something wrong with that if you don't know you don't know educate them yeah it's fine um but sorry you're making a point and i stopped you yeah yeah so it's just like even just to change the perspective like yeah you might want to think long term with you know some some money money but then if you can make you know x amount more in the short term by making a short term play use that i think you can put it along you know i'm saying so just little little even little change in perspective like that that's one of the huge things i got from reading season ah glad for that sorry remember i don't want to cut the big up because

stuart when vixxer i caught him big up big him up because the lesson i was saying was that years ago so i mentioned years ago maybe three years ago he was talking about jmmb and jmmb is one of those stocks that also stayed very flat for a long time yeah 17 is a jmnb price sometimes go up to 2021 they come right back down to 17. and during that time i was like yo stuart i mean i'm not saying no jmb not going anywhere it's a good company there's messages with me saying to stuart in the group in two or three years this will be great yeah but right now i can't leave my money in that but but exactly stuart invests in a way that matches his lifestyle,

which is the most important thing. Him not going to try and run down every fast game. If I ship leave him, I ship leave him. The ship him going for is the ship him gets. I big him up for that all the time. I stick with GMMB. I know him looking on a nice game because he was buying it from before it was $17

and now it's almost $50. Sometimes the best thing he can do, he catch something good, stay in bad for a long while. So you find it low and you just keep picking it up. Yeah.

And to that long shot analogy, one thing why I push so hard on it, then I almost compete all the time. Well, I was looking out there but it's so funny.

Short-term investing makes you better. The best analogy I can think of is Bolt, where 400-meter runner, I am running 100 meters just to catch the farm, and it turns out, oh, it turns out I'm really good at it.

Same exact thing. I never know about long or short. I just have a bill I need to pay. These guys are taking a talk. JPS don't take my talk. So it's not that the date is the date, and so I invest towards the date. I can make it. It's good, right? But at the end of the day, we so, I invest towards the date. I can make it.

It's good, right? But at the end of the day, we all invest our money because we want a percentage on top of it. I want to put a million dollars in something and we got 200%, right? 300%. Great. Turned 3 million. You tell me, if it turned 3 million in two weeks versus two years, I'm like, well, I'm not going to take it out. Yeah.

That does not fit my time horizon. Yeah. Because at the end of the day, it's me and my money and my life that's most important you know granted if you don't need it sure or if you're like yo there's important thing you see when that point i pause about it's up 300 in two weeks versus two years but that don't mean that you definitely keep that also don't mean that you definitely sell it you pause you ask yourself why did it fly yeah why did it fly what is the reason for me getting there three years ahead of time and with whatever the reason suppose it was okay i've been expecting them to do this much business over the next three

years but some money man was expecting them to do the same thing and he came in and did a buyout offer so as a result the price fly that happened to me with Lascelles that happened to me with Red Stripe when they were delisting long stocks you're looking at the long term somebody come in

and buy them immediately the price shoot up 300-400% do I go well you know it's 3 or 4% I was waiting for 3 or 4 years

I'm not going to wait longer for better I want to know if I can get it no there's nothing wrong with waiting but there's also nothing wrong with

getting it if you can so you look on the why and you take it suppose it's like get it No there's nothing wrong With waiting But there's also nothing wrong With getting it if you can So you look on the why And you take it Suppose it's like Boy It's a big buyout offer Alright guys Welcome back to earning season

And as you've realised No definitely We almost certainly Had a pause just now And we've edited in We paused for some room. So everybody now has a drink. So let me start by saying cheers.

Cheers. Great year, early season. I'm really happy that this has been happening. I've been hearing in the background a voice you haven't heard before. You realize that we've been joined by Mr. Mandatory himself. The one and only. Big up. Tell the people that we're here.

This is Ryan Strong. Christmas episode. the one and only big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up big up

big up big up big up big up big up big up big up funny guy all right ah yeah so we're back we're just talking and i was interrupting someone who was saying a very very good point that i do not remember anybody remember what the point was i was asking about the gems we can jump oh yeah oh no i think it was done with his so

you're done with your job so i guess i'll ask me a salty what your gems for this year since you've been listening so far and it can be the podcast and also the market okay well i mean for me um there are many episodes that i really liked right um what is the ryan episode The Ryan episode? Huh? All of the Ryan episodes. David's episode, Kwame's. When you and Randy just talking.

There are a lot of gems in there. And I think for me, more than going into the specific stuff and the things that sometimes fly over my head, it's always coming back to the point that know what you want. What is your goal? That always resonates in me. And then from that, that is what I'm trying to cultivate. What do I want? What's my

goal? Trying to set those things and go forward. Still continue learning. Learning how to see things read you know reading and use numbers you know learning what the companies do or they make their money that kind of thing so that when I set my goals on my timelines I can know how to choose the most appropriate it's always good to start with your goals

so I'm glad you took that away from it right nice, okay Gem, after all of those, wow and you've probably the most notes, I didn't know so one thing that you've said to me you're the first person to say to me, somebody else has said it to me that they take notes whenever they listen to the podcast

blows my mind but I'm happy that it helped that level because i see your notes and i realize yo you actually pull value like little points that i would make but sometimes i need to go back to things because some i get a lot of times it gets overwhelming to me um you know, sometimes there are even times where, you know, why am I doing this? You know, I feel stressed. So,

having those things, having something that I can go back to, kind of refocus me. Wow. Yeah, that's why I do it. Wow. Well, I'm very,

very thankful. Exactly. So, Miss, Miss, Miss Little Brath, Miss Little Beat. Yeah. yeah um my favorite episodes are the ryan episodes hey i love the ryan episodes um i like the three of you guys together i mean it's very different perspectives and it's always insightful um

what i've taken away from the podcast a lot is like strategy like you know i probably just look at something and say buy it and put it down whatever you know i realized that okay something might be stagnant for a point i can sell it go into something that's gonna move faster those kind of things um there was also another episode that i really liked um i think it was like episode three or four and i spoke with randy about it like i it felt like you guys were talking about my portfolio. At the time, the Jamtee directors were selling a lot of shares. I was like, what the hell is going on? It was before Long Ballistic. Right?

You guys spoke about it and you guys were also like, you know, not sure what's really happening. And in that same episode, I think you guys spoke about Signos. Signos had put out some spoke about Cygnus. Cygnus had put out some notice about the IFRS or something, and it was going to delay the results. And I saw that, and I'm like, what the hell does this mean? And you guys spoke about it. So, you know, there was a lot of things in that episode that was just like,

wait, this is my portfolio you guys talking about. So I really just love earnings season it's so good sir phil all right so it's very difficult for me to choose a favorite episode i really like the episodes with um randy and danai just just basically just basically shooting the breeze about you know stocks and investing the episode the first episode with Ryan I think the episode with David came before that David was yeah and David's story is is amazing to me there was a very young guy you yeah big up david actually i want to tell anyone this song but you'll hear from him next year yeah man from him next year yeah man david's a very young guy who take this thing very seriously look at everything i mean he looks at

everything you know in in in detail and um and his philosophy so what i what I like about earning season is the different philosophies that you see. And it's not about one being wrong and one being right. And if you're only listening very superficially, you'll believe that Randy and Deny invest in the same way. But you can see that there are differences. There are subtle differences. invest in the same way but if you you know

you can see that there are differences there are subtle differences yeah there are Ryan invest differently as well and

money god spouses are different a different philosophy and then you and then you hear a man like Kwame come on and you hear

for a long time like like I have always, I first started investing with JMNB. And I still have my JMNB account as my main brokerage account. And one of the things about JMNB is that I've always thought that they've been very conservative. And Randy actually brought that out in the JMNB episode. But to hear Kwame speak about his personal investment philosophy and to see that it's not about one way.

It's not about only, there's a reason why JMNB or kwame would invest in for jmmb in a more conservative way and understanding the reasons behind that you know getting deeper into into investing that is what um earning season has has brought and um i also very much like the episode with Kalila. Yeah, big up Kalila. Big up Kalila every time. Because that was very bringing things home to regular people. She brought her story about her family and she and her husband and so forth. And their goals, their goals. Homeownership.

Homeownership. Yeah, they have a family. They have a growing family. Which is exactly, which is, you know, very much speaking to me as, you know, the reason that I invest is for the benefit of my family. And, you know, seeing them through college and stuff like that so you know that that is that is what earning season means you know personally to me and you know the gems are amazing you know every every i mean sometimes i listen to the to the podcast twice

for the week and when you listen the second time you hear things you pick up things that you heard but you you're hearing a different way you're listening a different way yeah you know yeah but you know that happened to me too same literally the same thing every time i listen yours you catch that yeah you pick up something uh and editing i know and listen to edit you have a different list when you listen to edit to make sure the wrong thing isn't said or. Yeah.

Yeah, yeah. So you sit back there and you say yes, right? Imagine listening with like finance knowledge or sometimes on Ryan episodes you hear Ryan and then I talk about it where we say, sometimes you can't say something too early because maybe you haven't moved on it yet right

right um and then so imagine listening to something that's perfectly right a perfectly good conversation

the last right episode was like that perfectly good conversation but the two of us just have to go not because there's any even

not because there's any bad info or whatever it's just careful you know you can't get around everything you say around get the people

in positive voice everything you always say you tweet it I don't get it wrong about being a master of me the word master of yeah the spoken word spoken word but the spoken word is the master of of me yeah meaning i like once it's out there it's out there that's it so yeah so we try to as much as possible before it gets out there so sometimes when those listeners listen between editing it and it is a listen where i'm listening like a fan and sometimes you listen if i pick up something else sometimes i realize that i said something i never i thought i heard when we were talking yeah but never really here and i

listen to yes i didn't get it i joke with him i said i tend to nice on point when it comes to numbers right i joke with him i was saying we're listening to I don't know which episode it was I hear saying something and I was going through the numbers as in a percentage easy percent but

the difference when the mic on as you can see no you don't want to get the percentage wrong but then I just know it yeah and I realized on like

the 30s that you must be so impatient because I think I take it like a minute yeah I think like I take it like a minute to work take it like I take it like a minute To work out The 17%

On one dollar I was like It's a dollar 17 I know how it was Like yeah Work out like Yeah But there were literally

Things like that Yes I like And sometimes you never know You know I use that a lot I keep trying to drop Liquor gems I use it a lot In regular investing

With regular people Meaning When I see your talks You go to the AGM. AGMs are very important because that's when the board speaks. And it's hard to not say something you know. Right? I can't say NCB without pointing out the fact that in my view, it is heavily undervalued. Yeah.

On a four-year or three-year or two. Even right now, it's undervalued. If we were valuing things to the true value, it's undervalued yeah on a four year or three year or two even right now it's undervalued if we were valuing things to the true value it's undervalued heavily at 200 odd imagine being on a board and knowing that you have a big plan yeah so to make a big move in three months and you have to sit in front of the shareholders today and you can't say and for money i say remember don't mention the new plan don't mention the new plan don't mention the new plan are you fine? You know, you're prepped. You go ahead.

Most of what they're talking about is based on the last results for that last year we're just done. And they're probably three months already into it. So things happen. They don't report on it yet. They're shutting them out. Yeah. Right. Imagine you make a big play already.

It's February. You make a big play in January, but you're reporting on end of October in front of everybody. Right. And you're prepped. You know, these guys prep. They're not on end of October in front of everybody, right? Yeah. And you're prepped, you know. These guys are prepped. They're not foolish. They're prepped.

They're going in. But they're up there for a long time. And then you have somebody like a Mr. Staple come in, a Mr. Staple come in, a Mr. Big Up Mr. Staple. He's not on Twitter. Big Up or it's Staple. Legend. So, him coming in, he asks an uncomfortable question. Why?

Why? You see, you reach and I can't say certain things, right? Why won't I talk? I'm listening. reaching, I can't say certain things, right? Why won't I talk? I'm listening. No, I can't say. All right. So why, why cream is suddenly expenses jump 10% just like that, right? It's a good question.

And it's a great question that should be asked, right? Now, I'm very careful asking that because I don't think anything is wrong with cream, love cream. However, imagine if cream is just by an ice cream distributor and they can't say nothing. Staple pressure them, you know. You ever see him question his ass? It's a long question he's done, right? And you answer.

And somebody like David go up and say, no, but you said that you're under pressure. And he said, listen, the plant cost. He said, which plant? And he never says it again, but I sit down and I hear plant. Yep. And that's all I need to hear. So don't knock those little small things. It works in investing

that's actually the root of the saying that we used to have in the group that I talk with Danai companies lie, CEO lie, it's a lie they can't lie but there are things they can't necessarily say and they slip and it can be a small convention but to me that means something

and I believe in it and suddenly it's me buying something holding it for six months two years whatever whatever it is sometimes ryan pointed out ryan you can talk to us about some other things i know that ran actually picked up before he said it but like the burger buyout yeah i think happened regionally and yeah internationally known like somebody a big company so they're making a move into the region we just happen to live in the region and we know who the one set of people who sell this thing is yeah because at the time i think louis berger was owned by an indian company asian paints asian yeah that was

being bought by handsome and cal yes so then i'm scoring like the india time to try to get some insights on the deal before like the specificsia times to try to get some insights on the deal before like the specifics come out to try to get any advantage possible on the market hopefully like time zone differences or something but that's just kind of how connected the world is and many times that can be overlooked in general yeah man analysis literally i mean everybody on instagram these days a lot of these ceos are on instagram yeah, you see a CEO for lunch with another CEO all the time. It might mean nothing. It might just be a bedroom link with a bedroom talking.

Or it might be anything. You get me? But every little thing matters. And as the market matures, this thing gets a lot more important. The people who watch Billions, the people who watch Succession and Billions would know, sometimes CEOs take lunches with all CEOs and they can't publicly do it.

So I have to go somewhere for an excuse. If you read some of these app things, these app takeover things, that's what people are laughing at. I know how fresh they are. Bear in mind our camera is on. Oh, no. It's done? Okay, no cameras.

So we're good. No cameras. No, Polly police not looking for me so sometimes you'll find if you read the facebook i remember reading something in facebook and facebook was looking yahoo was looking for like their new ceo on them headhunting you know yahoo is a publicly listed company and they might be making some big moves to get the new ceo they had to have her go to a meeting at a lawyer's office but if you know you know that that's a lawyer's office of this big yeah you know it's like this big firm and

it's a usually used place and so you can pay attention to things like that that's a mature market that's important things but that's where we're getting yeah yeah i will tell you this is public i think i can say this one i know't say it because I have literally no inside info. I remember seeing, again, this is not indicative of anything. It's just me guessing. I remember seeing, I think, one of the principals of Main Event with a principal of a non-listed company in an area that Main Event, I think, has an interest in.

And the caption was, what good things may come, right? So when I see something like that. You saw it in a dream? No, man. I saw it on Instagram. I saw it on Instagram. Yeah, yeah. I've been clear so I can't get in trouble.

It was a post on Instagram. I just know, say, you're a very funny guy. You know what I mean? He's a nice guy. You're very good. You're very good. You know what I'm saying? No, I saw it.

I got a sign. You're awake? It was a sign. You're awake, right? I was awake. You know, yeah. It's clear in sign. You're awake? It was a sign. You're awake, right? I was awake. You know, yeah.

It's clear in front of me. It's like I printed it myself. Oh, right. On paper. Oh yeah, of course. But yeah,

that's the sort of thing that you pay attention to. So sometimes like Phil always press us online that I say, you're kind of cryptic, right? So we're kind of cryptic,

but you have to be. Yeah, we understand. It's not a joke. So some people, it's for prestige. Don't get me wrong, I'm not knocking understand. It's not a joke. So some people it's for prestige. Don't get me wrong and I'm not knocking prestige.

It's nice to be known and good at it. But at the end of the day it's money. You see you invest for your family it's money. If I get a decision wrong

I could have to struggle for money in two years or next year. You invest for your daughters you get it wrong your daughters might not get the chance to go

to a good college. It's real, real, real. As much as I love it, I'm in it. The passion behind it, part of you's passion is real things. I think that's why I come back to skinning the game. The truth is, if you really want to be

ahead of the curve, so to speak, you should really get to talking to every receptionist in every building. Don't give them all my secrets. Every Cleveland person, every CK. You be like, tell me something. Who came in today who was interesting?

Go somewhere with Randy. Just go somewhere with him. Just be like, who popped in? Because that's raising a loving home and also the people on the ground always. The people on the ground, that's where all the information is. Everybody just walk past and overlook them. And I'm the guy, I'll stop them.

I'm like, what's going on? How was your day? Just because I genuinely care, but by virtue of that, sometimes somebody will say to you, it's all right. And, you know, somebody came here today with six men around him, you know. Black suits. I said, really?

Tall or short? Tall. Really? Look, him look like this. He pull up the phone and say. He just logged the information right but that's what we say of course

it's innocent they don't know it's just genuine innocence but they're not really giving away information it could be anybody technically like no names called we talk about you reach a point where you can't know more from information that's blasted to you

so newspaper and report yeah it's there yeah that's it it's gonna be interesting now very interesting ways to get that information the things you don't know basically to know them and the truth is listen we're in a small country we're gonna get more sophisticated with time right the best way to hide anything is in plain sight yes there is if you're going to be trying to have some secret meetings some secret room somebody going to see you yep and the fact that you're acting secret come make them look at your way is going to see you and then you don't know who connected to who so you could be in the airport going somewhere somebody and then somebody gonna be like you know what's up to the run really probably check my instagram stories and say something and see like some guy in the airport going somewhere at somebody and then somebody going to be like you know what's up to the Ryan? Really?

Probably check my Instagram stories and say something and see like some guy in the background and they're like where the two of them going? How he reach New York? You know what I mean? All of a sudden you hear something was potentially going to happen. Then what?

So the best way I think to do it is hide it in plain sight but the fact of the matter is as we continue to involve the threat of insider trading is gonna continue to be more pronounced you can't just pick up the phone and call the ceo because you're friends with his son anymore that's just hit them this man come on the podcast every week i invite him you know i put all kind of fire on that yo this is the truth that's the reality so you can't go to uncle whoever i call whoever uncle matthew's house yeah and you're playing call of duty or whatever with you know johnny and be like hey what were you dad what was he doing

you know what was up to this week boy you know he was in miami with some guys and they sell beer oh, you know, he was in Miami with some guys and they sell beer. And they're talking about buying and all kind of thing. That's a problem. And those are the areas that we're going to see surface more as like being focused on by regulators. Yes, and it should be. It should be. It should be.

Because the culture we were coming from, as I had alluded to, was this slack, loose kind of way of doing things, which is understandable if it's new. But now we've developed, now in the eyes of the world, and you have outside investors wanting to come in, you just can't do that anymore. Yeah.

And for yourself, there's a truth. There's something that even Dana and I go into it all the time. We talk. We reach a point now where, yo, people pressure me, of course, for stock picks. I can't tell them for various reasons, but also it's irresponsible.

But also, I don't really help you if i give you a stock pick it's the ability to know what to pick that is the thing you hear the thing that me also and and miss braffins was saying earlier mrs sorry mrs braffins was saying earlier is is literally getting to that point of going yo i think i've all the information but i'm just not sure it's just fair holding up but you're at that place that's where we all operate and the difference between the person get it right and person get it wrong person did all of that and then made the the decision and put the money down right and being able to make the decision on publicly available data is a true skill that a man doesn't develop if him work off of links. If you need links to know if a stock is good or well gone at the company,

you're not going to get it. People think all the time that I know things. They'd be so surprised how much time I spend at my yard, how much time I spend away from people. Share it. You can edit it out. Share it for the fans, Ryan. Merry Christmas. Share it for the fans, man. No, I got a call

this week. Somebody said to me, boy, don't share it. Don't share it. When the mics are off. Don't share it. That one is good. That's okay. I was doing it

as I was told, right? But yeah, you're right. We've had people in front of us that recommend that people go inside our trade. We're like, no, no, right. We've had people in front of us recommend that people go insider trade. We have a conversation with some guys saying, yo, do this. Look at the market, where to look. Look on JSC for the information, newspapers.

Listen to whoever you know in the company deep. And then one of the guys was like, yeah, just know people in the companies and ask them for certain things. Do them favors. might wait wait wait stop what yeah yeah and that works you know that's actually legal that works but it's illegal nine years ago gary gary said to us spirit he said it's either what was it two years in prison or 20 million dollar fine how am i mixing it up or is that two million dollar fine and 20 years one yeah it might be 20 to two i think i can mixing it up. Or is that $2 million fine and 20 years in prison? One or two. It might be 20 to two.

I think it'd be 20 to two. Financial crimes don't usually... And he was like, listen, I have no interest in any of that. Straight up. I'm keeping this thing above board. And he said, if you see anything or hear anything, keep your mouth shut. You know what I mean? Because it's just not worth it.

In fact, I remember remember and this is public there was this dialogue about the red stripe buyout it involved the ceo and there's a big spread in the gleaner i was actually kind of disturbed because they had the dates the shares were bought the advisor the shares were bought, the advisor, who gave it, correct, the prices. This is all in the paper.

No, that spooked me because I'm saying, well, but you know why I think it came up? Again, it's an overseas entity, a Dutch entity buying a local company over the market. So, of course, again, the eyes of the world on you so the standard automatically goes up yeah i think that for the average listed company small or large and for the average investor we have to be mindful and get to that point because listen i know about

deals that that i'm working on personally that i could never say publicly but i can say to people i like a stock it's not because of the fact that i'm doing a deal but i genuinely like the stuff no if someone is not gonna and i'm never gonna say someone should act on that if it squares with what they believe is true then by all means buy it because i like red stripe now i had obviously no clue something was happening. By the time I liked it, because, I mean, it's a cool beer. It's a great company, and the numbers were fine. That it went from 6 to 32 in eight months, who could predict that?

Well, anybody who liked the beer enough to buy the stock would have benefited. I think the principle is sound. You know what I mean? So that's kind of how I take the approach where those things are concerned. Because I can tell you for a fact, there are a lot of deals happening locally. Yeah, boy. Let me tell you something.

AC Hotel don't fool every day on nobody. There you go. Yeah? You been on the roads today? Not today. No, no. The roads stink today. That's crazy.

Yeah, I couldn't believe it. Every plaza was full. I couldn't. I mean, it's just remarkable. Every plaza, every store. Watch i mean it's i mean it's just remarkable every plaza every store watch this guy now watch this guy you know what's coming tonight you know things are so bad in jamaica aren't they aren't they rad no these are terrible i'm waiting on the numbers you're you're leading me and i wasn't going anywhere oh yeah yeah you know you can blame me for it you can blame me for it but yeah things things you're right things are it's a good problem to have

let me tell you something i say it on the podcast where i'll say it again growing up in jamaica he's a complainer about crime still complaining about crime he's complaining about the lack of access he's complaining about no work i see the people now than i age and younger complaining about the potholes the the traffic, how they come from unruly fest and the bus gets towed. And I said, dog,

what do they even know? So it's a different level of complaints you're on. Things are so good that you don't even know that they're good. Literally, things have changed

in Jamaica where everybody's complaining. Scentory deprivation. Yeah, or just complete lack of, like, you can't complain that the caviar tastes bad if you never had caviar yeah and i'm not saying that the bad roads are you know the traffic is caviar but

i am saying that where we are now is amazing i cannot that so that's the the jlp point that that no i was actually just speaking about development through this is this is how things with politics get weird, right? Because people hang around people in politics and everything about politics comes up and the politician or the person in politics never brings it up. Exactly.

Because it's like a burning desire to try and say, Ryan met Mercedes. Yeah, so that's why you gave me the green microphone. We told you the cameras were off. No one knew. So I have nothing to do with this, guys. I'm really innocent. But seriously, though, I mean, we are developing.

We're developing as a country in general. And for investors who are interested in a gain or return on investment, we would do well to be mindful of where we're going and adjusting. Yes, and adjust ahead of time. Everything has to be ahead of where we're going and adjusting yes and i just ahead of time everything you have to be ahead of the curve exactly yeah i am proud of how i never realized them no like we hear around it's a real thing in the industry lots of people not calling the name not knocking anybody but it's a real thing you seem to have gotten some soda in my white room here sir good work we're just clothing. Yeah.

Big up White Room. And big up Schweppes. Yeah, I'll give Wissinko a big up. Big up Wissinko. My company. Big up Wissinko. I got stuck today. Yeah.

You have a lot of stock in here, right? No. No? I'm accumulating. You're accumulating. You're holding. All right. I'm trying to get some more, everyone.

I don't have a lot right now. But yeah, I forgot my point. You made me run the point. What was I saying? No, I think we're just speaking about being ahead of the curve as investors in general. Being ahead of the curve.

So you're right in terms of regulator environment. But I'm happy because I used to push people. If you go back to my old tweets, you can see me talking about stocks that I expect to do good in a certain amount of time.

Just putting it out there for free and going back later on and saying, hey, I said this on this day there's like a long track record of me doing that and i don't do it anymore i don't show my portfolio anymore the time when he came and said no more free randy yeah no more free that's when i met him so you want you want to hear this thing go yo i have a podcast but no seriously it's it's um it's a it's a skill that I never realized that,

I never realized how valuable it was because there are people who have existed in the industry and made good money for themselves and their clients simply off having the right insider network. So it's almost considered normal. So when a man hear me say I'm an XYZ or I pick something, that's why they worry about me short term. Because if you pick something three, six, eight months, the only way i get eight months

pick is when the brother tell me say coming yeah say weird to hear me say things like no i saw all the bottles on the ground and i went around the whole of jamaica every school my past is the same laska bottle on the ground so laska distributors must be making an impact you get me and you're like no that doesn't sound real because it don't sound really the way you used to do it is to shout, this didn't happen. And I don't want to say

that's because I don't like that. But if you shout somebody inside and they tell you, right? It's a different thing if I'm looking at them and I'm saying, yo, let me give you some real game.

It's a real thing if I'm looking on and I know that this distributor gets gas from this specific gas station all the time. And I go there two times a week,

and those trucks are always there filling up for gas. And when you say to the gas station attendant, yo, them not take all of the gas. I'm saying, I saw them staying from last month. They're on a sales drive. They're going to push hard. That is actually not insider. I am seeing that you're taking more fuel

and making the assumption that because you're taking more fuel, you're having more sales. In America, they take the satellite data and look and see how more often the trailers are leaving your warehouse. It's not insider info.

It's ahead of the curve info. So I'm going to stop talking. And you don't even need things like that. Sometimes, I'll be honest with you, the curve in Jamaica is still pretty slow. Because sometimes the man still tells you things in the prospectus. And six, eight months of price, don't move. No, I'll be honest with you, the curve in Jamaica is still pretty slow. Because sometimes the man still tells you things in the prospectus. And six, eight months of price, don't move.

No, I mean, listen, it bewilders me. So, I'm looking at this table in front of me, right? I see six, how much is that? Six water bottles just strewn all over the table. I look to my left as she swipes, right? And I say to myself, this is just in a small room ah anywhere you go you see the product everywhere to me as an investor it's a no-brainer in terms of what i'll be buying similarly if i came here and i saw another brand of water i'd be like well okay

i would consider that and it's literally that simple when I look at the Christmas ads which ads on TV I'm hearing about there's some true juice jingle there's a digital shake thing but there's another there's another ad show and I said well it's it's Wissinko I say it without apology but then people going to be like yo W think got 24 you know too high but this year may I buy from it at 10 this year this year when when when when they after the IPO it went up and came down was at 10 I mean I mean I just so happened to be 40 with us where we had some money to buy some shares of persons and we bought two million us at 10. Stunt on them, man.

Not me. It's not my money. I'm just saying. No, I'm just saying. No, I'm just saying we bought two million us for two people at 10. Wow.

This year. 2019. Yes. Stunt. It's 24 now. They're having, they're having a Merry Christmas. But this is how people making money in Jamaica. This is how people making money in Jamaica and you'd walk past guys that don't know them.

And they don't know. I mean, I suppose one of them could be famous, but the point is that people are taking money without any knowledge. That's looking at opportunities and being advised and saying, listen, I want it. And they double the money on that one stock.

More than. The last episode, we were drinking in the room. And it wasn't typical white room. You had to know what that we cut that out of the episode nobody knows what happens in the recording what happened in the episodes no i'm joking yeah so we're drinking we're drinking some rum and yeah generally you drink white rum you're drinking one brand yeah we saw a new brand on the table

it's not new it's a brand I never tried before. And some seasoned rum drinkers in the room, they had never tried before it. I wonder who that was. They hadn't tried before it either.

So that's some real product penetration. If some guys who've been drinking rum from way back, this thing's been about, some guys bought into it and then now the seasoned

rum drinkers drinking it too. There you go. Yeah. And then the question, drinker is drinking it too There you go And then the quick question is So who's doing this? Who what? Who's doing this? So the quick question is So who's rum is this?

Who's distributing it? Yo your life change when you start investing Go ahead Phil Yo this man don't ever stop He don't ever stop I don't remember if it's worth it but big up with sink again it wasn't worth it but i don't think it was worth it it was another brand it was um it was money it was money okay okay i'm sure it's a buyout candidate but it wasn't i don't yeah and for posterity since we named it i must say that today we are drinking on the one and only Ray and Neville

Jay and Ray and Neville yeah man you get it Ryan last episode you get your cuss back for the thank you

for the for the 30% coming because I've more fans here ready to put you in a place for that to know here's a problem

so I think people need to remember that we're all individuals and what may be you know none of us is going to get married to the same person if we get married, right? Or there's a lot of us to be single. Let's just think about it. If we're all looking for the same kind of person, we'd all, nobody would be, you know, end eventually because there'd be no humans, right? The fact of the matter is my investment philosophy is no, doesn't hold any superiority to anybody else's because it's just me.

Yours, Mrs. Braffins, is yours. You know what I mean? Doc, yours is yours. And if somebody sees value in somebody else's, that's fine. But I can never look at anybody and say 30% is not good money because it's your money. You took your risk and you made it. I'm just simply saying for me, I want a lot more from what I'm putting

away than 30%. It's not to say you're not going to take it. Nobody would ever say that. You'd be surprised. You're going to take minus 30 over 30? I would take minus 30 if I think I can get 3,000 in three years because I'll wait on that.

You'll wait. Ah, that's a difference. That's a difference. And I'm not going to sell because I made 30% because then I have to stress myself and do all this analysis. I'll be like, well, what am I going to buy next to make 30% again? For a second more. Correct.

So this recent example is MailPack. So I look at mail pack they call me this evening i still think that could be more efficient in terms of how do they collect so you're already online i would love to pay at same time but find someone else to call no problem right you i'd say to myself well i happily pay a comma shareholder i use a service sure what's the problem you deliver it to my ad or i have not been to PriceMath in like seven months. Because they deliver PriceMath to the host. So I'm a very happy investor where that's concerned.

So I'm not investing in the mailbox to make 30%. If that's the case, I just wouldn't do it. For me. There we go. And that's important. You know what I'm saying? For me, that's just not my objective. And PriceMath has expansion plans.

Into highly populated areas. Yeah. Yeah. So that's just where it is. So I just think about listening to that. Listening to what you're comfortable with is what you're comfortable with. So people want to buy a lot of land. There's nothing wrong with that.

I would invest in the land or the company that has bought the land. I may not buy the land myself because I just don't have the time to be following up on stuff. That's me. That's my life. Other people have time at different times. I have time at different times. So we all have to invest according to our personalities.

We all have different personalities. Yes, we may overlap in some ways. But at the end of the day, we're all different people. And I think we all respect each other with our differences. So, I respect our investment differences. I'm never going to tell somebody

to stop flipping IPOs. If they want to, I mean, make you money, be my guest. Yeah. I think early days, then I had that strategy

that the 100% is four flips at 20% strategy. Yeah. So, we're smaller money, obviously. We're going hard. We're shooting hard. And it's literally as simple as it sounds.

You flip something 20% four times, you've broken 100%. And so you'll say to somebody, can you make 100% in a quarter? They'll tell you no. But say, you think you can make 20% in a quarter or a month? Can you pick a stock that will grow 20% in one month?

Yeah. You might think you can, right? Can you? Yes? No? You think you can? Right now. Which stock do you think will grow 20% by?

She ran into it. There we go. There we go. Which stock do you think can grow 20% by when we're in December now, so by end of March? Yeah, if you get it wrong, it's fine. All you do is you learn. The important thing will be why. If you get it right, bam, top analyst.

Money master. No, man, you can guess. It's fine. But remember the microphone, please, man. Oh, God. No pressure. it really is no big deal it really is no big deal you can guess it really is no big deal yeah because that's what i want you to understand it's like no it's you might pick something you know and it go up 60 percent instead of 30 you never get it wrong you got it doubled. Or what you like. Forget that. Let me ask you what you like.

Forget the pressure of the question because I don't want pressure on anybody. What you like. What you like to buy. Yeah, man. I remember the microphone, please. I like a lot of things. Tell us why. Tell us why. Obviously, I like Wisinco. My father used to work there

I worked there a summer good reason I like the management great reason I like the products I water is the only water

I drink though straight up me too me too them says poor people too poor people and I mean you know they're

artisan well water yeah and And I mean, you know, they're... Artists in well water. Yeah, and they're doing things, you know. They're growing. They're quite expanding. Right, expanding. So I like them. Definitely.

Yeah, I think it's entirely possible that they go up 20%. Yeah, I was saying, I think it's entirely possible that they go up 20%. Between now and March? Yeah, it's entirely possible. It is possible, yeah Between now and March? Yes, it's entirely possible. It is possible, yeah. I like to dial in harder for possible, but I don't need to pressure. Anybody don't need that kind of pressure. We live in that kind of pressure.

Dana and I work in that kind of pressure. Ryan works in that kind of pressure a lot longer times. I get it. But yeah, you don't have to pressure yourself like that. So I like how you put it in your sotero. You say, they're doing good things. They're going to go up 20% by March, but I would be very surprised

if they haven't gone up more than 20 by the end of next year december next year you can buy that way that's good and the other reasons are strong your father used to work there tell people all the time if you used to work somewhere if you do work somewhere and you can buy shares in that place buy shares in that place if you use a product buy a product yeah um the third one you say you like what I'm doing. Man, they'll stop expanding. Every day they're expanding. You've heard on the last round episode what I'm calling the innovators.

That's a slogan. Yeah, that's a slogan. They're pretty green. So that's their thing. But give back to Mr. Steph Pengu. They'll never escape from it. So come in. Because you say you can take it on.

20% match. Oh, boy. Oh, gosh. Checking notes. 20%. Yeah, we'll do you can take it on. 20% match. Oh, boy. Oh, gosh. You want to check him notes? 20% yeah. We'll do a quick check. All right, you know what? You know what?

He really is not serious. No, no, no. All right, you know what? I think there's been a little bit of excitement around Cygnus recently. I think just for the 20% in terms of, everything we're going through,

you're talking about market sentiment, I think. I'm talking about you making 30% selling a stock that you bought today, hypothetically today, at the end of March or April 1. That's why I mean that's a 30%. And that's a good point that you've made. Because apparently not everybody measures investments in the same way.

Yeah, yeah, yeah. That's why I measure investments. What you can sell it for or your tradable value for it for at a set point in time. It's a great question. Implied question. Yeah. So, I don't know. That's just off the top of my head

on the spot because I don't generally look at that time horizon. That's fine. What's your time horizon? My time horizon is like how I go about my stock picking.

I just look at a company. It might be bad, but I generally start with the PE, see if it's cheap nobody here is going to say PE is bad I'm in a safe space PE is terrible, you need to use the twice adjusted

book value so I'll start there and then I'll begin to really look into the company and see if it's a good company or not and then because my time horizon horizon i don't really have a set time horizon in terms of the short term for the most part you don't need to yeah whatever right for the most part yeah so i would say um give me a time time horizon generally just yeah i would say for most i would say about three years but i have the significant weightings in my portfolio are

like much longer i'm talking like my grandpapy them okay yeah i like that so you have like a pension portfolio a pension section essentially i got into investing on that principle of like i want to i want my family to be set that's the best set from that mindset that is the right mindset though yeah yeah you can't hear that you won't hear anybody on this show tell you you're wrong but that is your money right yeah right yeah yeah so um that's that's my you know pretty much pretty much a long term but then i just say i have to try and make a little money in the short term for not making you know it just isn't entertaining for the listeners sir yeah yeah yeah so yeah

everybody try to run from picking something. I said Cygnus. I said Cygnus. Cygnus. Yeah. That's not fair. That's not fair. All right.

All right. That's not hard. Cygnus cannot end next year. I'll give you that. One year. We'll call it the earning season gauntlet. You run the earning season gauntlet. So in one year, what do you think is going to be a good pick?

More than 30% by December 2020. More than 30% by December 2020. So you know, it's gone up a nice little bit. You don't have to be too precise on the 30% or whatever. Just more. We'll pass on. Pressure the analyst. Yeah. Mr. Analyst, sir, do you have anything? I'll come up.

30%? Yeah, 30%. in a year yeah december yeah for you i know that's not your kind of timeline next year next year same time next year you're sitting here again on earning season saying all right you were about hard i mean such a core yeah like that's a lab mail pack with cinco thirty percent mail pack yeah no question okay strong strong i like that no doubt about it yeah light that's a light yes scotia group i was waiting for that i was waiting for that you probably make 10 out of the 30 to solve for dividends alone yeah man i know that scotia grew amg should 32 yeah amg amg you have that coming yeah two dollars a little bit they've been stagnating there for a while 60 yeah you think this is the time where

they've swung around i think so i think they've gotten a lot of the the junk out the business who else i don't think there's any other finance i think ncb still needs time but what's gonna happen with them as i read it they may have a year that's just i mean i don't talk to anybody at that level to know so i think they're configuring themselves to the new normal now recalibrating a year calibrating over a year absolutely yeah yeah but once that's over you're going to find it's just going to be explosive growth again then you have

I'd say Resynco which everybody knows I like I think some other companies are overheated but a lot of people forget Resynco is actually 29 earlier so at 24 it's still a little way below where it was. We got a revenue now and a profit that just

came in that last quarter. Yeah, it grew 30%. And listen, if you look at these guys' track record, which I try to tell people, don't discount the basics, which is why I said when you guys are talking about the things you look at, it's actually consistent with good investment practice

because if you're seeing your dad work there or you like the management, what else you want to know? Like how to sweep the floors or something? I mean, it's really a big... Investment is a basic thing

because it's just like if you start a business and you do well, you look at it, a lot of times guys do well in business other than their degrees. You know, some of us here... You got me me the college dropout yeah i barely got one i won't tell you how i got it

and i'll never have another point i'm making though is that it's not always the qualifications that will guarantee how well they do in business and it's the basics so naturally embracing the basics and understanding it can cause one to do well as an investor because that's why when when people come to me and we were talking we got some amount of money and i said what you like and why do you like it and i said why when i go to supermarket and see the product on the shelf and i like it or i watch people and i'm said five people come pick it up and they just love it that's reason that says a lot to me science can't really tell you that you know because numbers on the page and ratios and all that is one thing but then remember ratios are

spread across a wide demographic because the buying pattern in west maryland may not be the buying pattern in kingston so we're in kingston looking at it but like all right fine and then they may not be across the same revenue channel i get that this is the point that which may sort it would put start writing because then the revenue channel is like you know randy you know like horeca which is hotel restaurant cafe like the the patterns differ across the various channels so what you see on financials the average so then therefore if you're not going to assess it as an average then you can't go off what you see in the supermarket alone yeah so many times the simplicity of it you know yep bring that back to investing all the analysis we're all looking at the numbers we're all we

all accept that we're looking with at least a month and a half lag yeah so and time of year that's exactly right yeah time of year you may have more being bought at a particular time. They may sell more sorrel true juice now than earlier in the year. To what extent does that spike the numbers? We don't know. Literally. Did I walk through a Fontana?

I go Fontana all the time. No. Why? Because I know how Fontana did right up until the end of september yeah it's very important to me to see what's on the floor of fontana looks like for i want what the christmas crowd look like why because there's literally no textbook i can tell me how jamaicans will react to the new fontana in kingston up the road from megamart, in the biggest Christmas, in the richest Christmas in decades. I have to see that for myself.

I have to see how many days I pass there and that parking lot is full. You know, the man them say what day? And tell us exactly how many parking spots in the parking lot. Them should have never do that. People like me, you should have never do that.

They said it. You can look it up. There's an article where they say exactly how many parking spots are at Fontana. One spot here. Yeah, man. Give mrs braffins 140 or something like that something like that yeah yeah yeah so i look on that i say every evening i pass it i want this just like you know it's a rule of thumb this one will say yo

i pass it on a wednesday and nobody ever get paid and it'll pack are you saying but randy miss you online i thought boy you don't like fun no no no no company's good or bad i'm a wagonist but i'm looking because i'm on a lag sure people are watching the numbers only know how you do up to september i need to know how you do right up to december 25th and after because i need to know if i need to buy it because it's now it dropped almost 30 percent it dropped to six dollars since i dropped liquor to it yeah but the next results are supposedly good who's going to jump in waganis randy well i mean even for using them specifically when i my estimation and if if they miss it i would know i'm justified so i i'm expecting a billion from the store in the first year if they don't't hit that, then I'm like, eh, lukewarm.

They hit it. A bill with the store or a bill from the store? From the store. From? From the store. No way. Revenue. From overall Fontana or that store alone?

That store alone. No way. One year? If they don't hit a billion from that, it doesn't matter when. If they don't get up to a billion of that. You need a time. It matters when. You don't want to say?

18 months. It's underperformed. If they don't ramp up and a billion or that. You need a time. It matters when. You don't want to say? 18 months. It's underperformed. If they don't ramp up and get to a billion revenue from that store, it's underperformed. No, it's in trouble. I'm with you with that. In other words, let's say they're in nine. Okay. I'm buying it. It's a buy for me.

If they report a billion before their September quarter. I don't remember the revenue composition right now, but what I have in my mind is Kingston contributed far to some percent of overall group revenues. Roughly. Which at the time was $3.4 billion. Yeah, I think Kingston and Moby was another big contributor,

but Kingston was up there. Simon would know the numbers better than me because he looks at these things a little closer. Heavily. But I came away from that saying, this new store should add $900 million to a billion revenues. That's my marker. It's very simple, just a one-line thing.

After a year, it does that. Because remember, there's a novelty of it. Yes. So one could say, oh, it's going to take time to get up there and ramp up but really it's the new shiny store yeah and this is jamaica this is kingston you know it already we love this stuff if revenues don't go to four four and a half billion as a result of this well i believe one where if you see revenues clocking there in the year in the September,

I think. So this will be Q1. This is Q1 for them, correct. So it'd be very interesting to see what those numbers come out at for December.

So that's about mid-February after the quarter. Very helpful. But that's where I'm looking at for that. so I said to the guys, it's just simple division and multiplication.

It's extrapolating. All of the extrapolation that happens in hard finance. You hear me getting troubling as a man who has no qualifications saying no. All of the extrapolation in hard finance happens between the revenue line and the net profit line. Sure. And you can see revenue with your eyes and you can see the net profit on the numbers. And you have an idea of the net profit based on the revenue line and the net profit line sure and you can see revenue with your eyes and you can see the net profit on the numbers and you have an idea of the net profit

based on the revenue you make some assumptions sure yeah but if it pack every day ryan is right if they hit a bill before the report september then it's a go if they hit a bill and a half by september then they have the christmas to go with them they have the Christmas to add as a bonus just in case they need anything they hit almost a deal by about September now we're looking at it's a matter of how much of how much is the share price at that point you see the things that we're making decisions on it's not on anything it's not on the hard ratio it's not on the deep thing not that those things aren't good but at the end of the day how much money comes in there's no ratio in Excel that is going to put my auntie in

her car i make her turn into fontana before she turn into it but maybe the light will maybe the starbucks will maybe talking about it will and if they can maybe the prices will yeah so that's why that's his real business at the end of the day yeah man and there's some observations i have of the actual store that i think could be improved for me, but then I'm only a small demographic. I'm a relatively young male. I'm not a retiree. I'm not a retired older lady who may perhaps, you know, it would be very interesting to know the customer profile.

Yeah, it would be. Very helpful. I noticed that they have swing gates. Yeah. I hope, I could be wrong, but I hope that there is a counter in the swing gates to see that I pay close attention. I hope there's a counter in the swing gates

to see what the general custom of that store is. The same way that I am watching their parking lot, they're on top of their business. They are the curve. It's long before everybody else knows, them know. I want to know that they are paying attention to, on average, how many people walk through that gate every day. Because if we have 20,000 swings and revenue for that day was

4 million then on average 20 000 swings generally give me 4 million if you can track it out you see how you can project yeah because that's important in the retail game in the u.s suddenly look at this outside of ryan i'll take ryan out of it and myself and then i four amateurs on the coach and everybody understand what I just said. Taste of the thing easy, dog. It's simple, it's not easy. It's simple. It's simple.

Yeah, it's not easy. Many times people think that it's rocket science. And I said to the person, if somebody can't explain it to you simply, they probably don't know what they're talking about. Right, because, so when I got in the business, I used to think it was the jackie tang thai guys who are my client who would be the clients who you know would who i do well with eventually so

having been at dana's workplace i i came to see persons of all ethnicities coming in but then lots of chinese guys who own wholesales would you know seem to be up there and i'd be like quite but it always did one guy so they would say you know you're over there for see the big man i'm not calling anybody name the big man and they'd be like 11 of them and they come with the money and you know do whatever can't be too descriptive and they buy the stock and go on right and then i thought to myself okay fine it developed a little bit then i came to realize the clients I would be with don't wear suits to work. They don't wear ties to work. In fact, they wear jeans to work, T-shirts, polo shirts.

And at the back of the building, they send everybody to the front. And there's the two patterns that you get to understand as an advisor. Again, not being too specific. But then what I realized very quickly is I had to be able to explain things in a way where these guys would see it and be like or a woman would see it and be like you know that makes sense I understand that but at the time US market well I mean this is maybe 2013 US market was I guess recovering from 2009 and 10 and I said to them you know Facebook knowing Facebook's fundamentals in my head, right?

And I'd be like, all right, your kid is 11, 12, 13. What's he doing? What's she doing in the evenings? Boy, boss, I'm on this thing. I'm going to see this blue F on my screen and I'm going to know it's what? Why is Facebook? Is Facebook? Oh, yes, my bar count, you know.

I said, well, the stock is 35. I think we like it. So buy it yeah yeah what about you google i said when you need to find something i mean well we're the same age but like encyclopedias were a thing when we were younger kids know they tell them no no i know i know i got the first time because we're like exactly that's where i think i know nobody's age so i'm just talking in general anyway so encyclopedias are a big thing now we have google yes so if you think about it in terms of elementary you can shut your eyes and buy google

because i remember there were like six other search engines when i was 21. i cost all kinds high cost all kinds of Yahoo Yahoo and I'll be like they're all dead or bought no

I know it's just Google but if you think about it as long as you have a phone you will need to have a search engine

so just buy the best one whereby Google at $300 you know it's $1300 at $300 in fact US dollars when there was hyper devaluation going back to realistic things and the real life I remember I sent you a picture a year or two ago when I was in a Walmart in

Florida before the hurricane yes and I tell you said I end up in Florida for the hurricane so you have a button down in Florida for the hurricane, so you have to batten down. Jamaican, storm was scaring me like it would scare them, right? But I went to like four Walmarts, couldn't get a bread, couldn't get no water. Was I worried? No. I'm from Jamaica, storm didn't bother me.

But, text Ryan, I sent him a picture of it, and I said, yo, Walmart next quarter must up, because this is across florida they've emptied it yeah and it's so funny there's a jamaican thing we know when i saw welcome mega mart going to empty area but in florida you wouldn't think about it but it's me you can run underground and saying yo i have been to five walmart's in just my little area and i went to watch tv and they're like across florida they have shortages of water charges of bread and walmart supplying it themselves? Stock finished. Quarter, must shut.

Yep. Literal underground information. And you know something else other people don't realize is that if you're an investor, you have to be used to being alone because many times you'll be looking to buy, like a Walmart, people are like, well, that's old now. I'm buying Amazon, man. You can't follow the hype.

They were saying, listen, Amazon's a thing now. And then Amazon have a down quarter and it's flattening. So it's terrible. Walmart comes out to get strong. Everybody's like, well, what's going on? I remember online business for them in a quarter grew by 35%. And analysts were expecting 40% because of that the stock price fell and I had to catch myself and be like

the business line grew 35% there we go but they were aiming for 40% and they missed it, okay fine why am I overreacting to that if it grew at that chances are

I could buy it then exactly exactly that's why it's growing do you know what 35 growth is in the u.s market the u.s market point that was made before you got here we are talking to steph and steph said we're talking about um what makes the market good why i saw the difference in the u.s market to make a market is that they measure in america yeah they call their picks they call dates on it they measure and then they go back after the measuring date and say did we get it right or wrong so ran just let him back because i give you enough time to give me a pick now come and show your research it and done so i just looked into it and i mean i was looking back and i'm thinking qw for. Wow. Yeah. And I mean, the reason why is one of the reasons.

It's at a discount and I'm hoping that they'll have some good results and it'll change the market sentiment. It'll change what the market thinks about it. But I'm going to qualify that by saying that I don't think a lot of people, because with that and MGE, I don't think a lot of people understand. And maybe shy away. So it might be a little bit risky but i i figure for a dollar something i think some people will want it and a 30 increase i don't think it's that much currently currently undervalued by about 30 percent yeah you took the low hanging right there yeah that's right yeah it's literally about 30 percent right now and it's unlike most things it's unknown undervaluing yeah you agree with him yeah the numbers the number is right there i mean i don't feel like i will eat my picks ready now

come here talk to the people talk to the people and ph. Give me three. Come in, Dr. Phil. Come in. Dr. Phil invests. Indeed. All right. Talk to us. Let me hear your three-month pick. I'm not leaving you because I know I... I mean, I talked to Phil offline, so I know... My expectations of Phil are high.

So, come in, Phil. Let me hear your three-month pick. We'll see. 30%. 30% in three months, I would go with Jamaica Tees. Jam Tees I think Jamaica Tees is just on the numbers it's undervalued just on the PE it's

undervalued let me play devil's advocate here but a good section of that PE now used to come from the profit a good section of the profit used to come from the supermarket. No longer there. A heavy part of the profit now is coming from the investment gains

from their subsidiary, QWI, their department almost, QWI. And their actual core, what we call core in the industry, we're in the industry, where I'm in the industry, the actual teas that they make, that business is actually shrinking and their US exports are actually falling. With respect to the supermarket, for... With respect to the profit, but yeah.

Yeah, what they have done now is they've bought back the supermarket business. So previously they owned 50% of the holding company for the supermarket business. So previously they owned 50% of the holding company for the supermarket. And I believe starting at the beginning of this quarter, they bought back the other 50%.

So now it's a wholly owned subsidiary again, the holding company for the supermarket. So the profits from the supermarket are going to be going back to their um to their bottom line um i'm gonna hit you for the devil's advocate the man them do that and they never said anything about the profits they said that they expect that to positively affect revenue but you know the supermarket business doesn't really i mean two percent at best in terms of margins yeah well let me move on to the um no i don't want you're not wrong you know no no no i just playing

devil's advocate i don't think i personally don't think you're wrong i think you're right i just because i want i want to know what happened when you said it's a proper expert that's not ryan right well i had done an analysis and say you're say, no, the profit not real because it's QWI coming from. What then? No, I don't think it's only coming from QWI because the first quarter of last year, Yeah.

they had, the supermarket was treated differently. It was. I can't remember exactly what the change was. It came in under other comprehensive income, so it didn't hit net profit right because of the change no man it was still in there it wasn't a comprehensive income it was associated holding basically yeah because basically but basically didn't own half of something else so basically bought half or something else now and then they bought in Bay City if I'm wrong I'm

wrong apologies no man because remember when when Bay City was removed from them they lost a huge revenue hit because yes because Bay City pulls heavy revenue no man this is this is jam tea oh yes say sorry yes they own more than one They own more than one supermarket. I think they sold off some and they reacquired Basity and they own the Price Right place. So I could be wrong. I'm not looking at my notes here. So I'm working from memory. Forgive me.

Here, all I have is that they own the thing by Price Right. They sold the supermarket. Basity bought it. But they still only kept their stake in Basity. Now what they've done to change is that they have bought all of Basity. All of Basity. I think Basity has gone and rid of some of the hotels. Some of the things there, the supermarkets. I think so.

Yeah, they got rid of one that was a last make, I believe. Long ago. But then, Phil, again, I don't press you too hard, but I just want you to see that I don't disagree with your point. It's just, like I said, I'm playing devil's advocate. I'm playing devil's advocate with regards to the,

with regards to the push, that is pushing back on your jam T point. Cause remember, you know, you're looking for 20% or 30% by March. Yeah, man, yeah, man. So there is a different, the actual, the first quarter of last year, there is a big difference between how-

The supermarket. How the supermarket was treated then compared to how it is recognized now. I think it has something to do with a change to IFRS. Nine. Nine. Changing the board because of how much it holds and blah blah blah. There is a change. Okay. So we're on the same page here. I think I'm agreeing with you again, working from memory. It's just that last quarter, when they would have been reporting it, they would have been reporting the same Bay City, but Bay City wouldn't have owned everything that it owns now.

So Bay City owns a lot now that it didn't own a year ago. And they have it fully now. So it's definitely hitting the books in terms of revenue. Not much profit, if any, but definitely hitting the books in terms of revenue. Not much profit, if any, but definitely hitting the books in terms of revenue. Right. And that revenue number is what did take a hit from your other point about their core activities. Supposed core. And so by adding to those revenues, then they'll be able to shore up those revenues um for the quarters to

come but you love it based on pe actually i really trying to pay devil's advocate because right now they're missing t at the brokerage and i'm tearing it to pieces so but again i agree i do not think personally that you're wrong right yeah like i said i sold my blue power i did not sell my jam t so just keep going but um in addition to that now um for before i come to the qwi point the the core revenues uh they spoke to in their last result they spoke to the fact that they expect a reversal um there was a significant effect on their United States operations because of some inventory. There was an issue

with inventory where the distributors in the states made a change to their something. They had to rebalance their inventory. They did not speak to when they expect that to be reversed, to be honest.

But I think the more important point now is the whole QWI issue, where QWI is up to, QWI listed at the end, the last day of September. And so that's the last day of the quarter. And so the QWI, how QWI is going to be treated now for the quarter coming is the QWI is going to be consolidated. So it's not the share price that is going to, QWI's share price is not what's going to affect how Jan T's books qwi it is going to be uh their

their profit um or the everything so they're gonna yeah everything revenue qw has revenue all of the um all of the the p l is going to be reflected in the P&L for Jamaican teas. And the results that we've had from QWI, QWI had very good results. They've had strong results. They just dropped strong results again. They dropped strong results. And those strong results are going to be consolidated on Jamaican teas, P&L.

So I don't even know. I like that the most technical conversation has come from an amateur on the podcast all episode. to piano. So, I don't even know. I like that the most technical conversation has come from an amateur on the podcast all episode. Very amateur. You guys were so worried that, oh, I don't think we're at a professional level. We're literally bringing a professional and still you guys sound more complex than us because I'm thinking, no,

am I paying attention? But, carrying back to simple for me, what I still like, and I'm agreeing with your jam tea point. Jam tea, as you break it down, and with the assumption if you had more time, I'd tell you about numbers deeply, but Jam T was the tea business, the supermarket business, the real estate business, and they had some money on the side, right? They had some money. I'm going from court. Now, Jam T is the supermarket business which i moved the supermarket

around a couple of times i'm shuffling but back on the books i believe um the tea business still going exports not as strong as before but still exporting and still selling locally tea going well locally tea business has shrunk a bit but i trust these guys because he's not a fool right these guys have gone through business for years um real estate business they told they were very open that's my thing you know well then i know that's my thing my openness is what make us grow so they were open that their last development didn't work out well for them they tried to do a low income development in they didn't work out and they actually made a loss on it. Imagine that. That's all you know. I use that as one of the points to identify the real estate boom in Jamaica

because it's about a year and a half or two years ago that they made a loss on an entire scheme that they did. And they said, we'll never do that again because, I'm paraphrasing, but they'll never do that again because they made a loss on it. And so our next project is going to be more upmarket in Manor Park. We're now two years after that. Manor Park almost done. How much do you think an apartment in Manor Park costs?

I have an ad. I'm going to put this in the show notes, but I have an ad for Manor Park. Well, it's not Manor Park. It's for, what's that area name? Norbrook. I think a three's that area name? Norbrook. I think a three or four bedroom house in Norbrook for 20

million Jamaican dollars. Six or seven years ago. Oh. Hold on. Hold on. Okay, so it sounds crazy, right? And I deposit on that 10%. So 2 million plus, let's say another 10 for amenities

law blah blah blah so you got four million rand well rand have a microphone in front of him right now but four million in jc stock five years ago how much you think it worth now you could buy that house cash in norbrook if you wanted and still have more than four million left over yeah jc stock has gone up five thousand percent in that time and you could have over yeah jc stock has gone up 5 000 in that time and you could have realized that jc stock would have gone up not because you can go deep into the numbers but because you know the stock exchanging is going to take off you could have said that long before you knew about wigton yeah yeah somebody's listening to this right now in the year 2021 they've never until they're listening now because we just said, I just said the word saltberry.

They never hear saltberry until now. In 2021, it means something. Somebody's rich because of that word, right? But maybe them don't know. Maybe them investing in JC now because they believe in the stock market. But maybe they really have 3,000% more because of saltberry.

You see, you don't always know what it is, but if you buy on the fundamentals, you're set. So, sir, tell me another pick other than QW. Let me not pressure you. because of Saltberry. You see, you don't always know what it is, but if you buy on the fundamentals, you're set. Yeah. So, sir, tell me another pick other than QW. Let me not pressure you. I'm going to actually pressure Mrs. Braffins, who has been very quiet. I really wish I had gone first.

Oh, wow. What are you going to go with? My picks have been mentioned, and I don't have no deep analysis but you don't need any feel to the deepest one so far you don't need any come true missus one of my picks would be the lab we got the lab yeah part of the reasoning is because this quarter that they're currently in, when I looked through the numbers, they make the most of their money in this period. So they're going to, I'm assuming, they would report a strong quarter. I think it's their first quarter.

Right. Word. That is. I am impressed. Let me tell you how impressed I am you got deep enough that wasn't deep hold on let me say something

it's important that I say this Kemal I know you're hearing this now I did not have a conversation with the young lady no no it's not that but there's no I've heard no one talk about the seasonality of the lab. Me neither.

In a positive way. I heard some seasonality mentioned when Sir John Jackson mentioned it at IPO. But no one else has said anything. No one else has said anything. No one else has said anything in terms of seasonality. You're the first person outside of obviously my sponsor that I've spoken to that. Oh, great. Q1 is the heaviest earning quarter for the lab this is their christmas

chunk of their money is made like i want to say 50 odd percent a large percentage is made a large percentage seems to have been made the interesting thing is you will give good insight into what you can expect for the rest of the year. Yes. Based on what this quarter looks like. Yeah. If you pay attention to the lab's business model, which is they partner with companies. So obviously I'm going to partner with them. If me get a fire Christmas campaign, you're going to drop

me in January? No. Because I need these guys who gave me the fire Christmas campaign to give me a fire what campaign? No, no, no. This is very important. What's the next campaign that you have to give? you get a fire christmas campaign what's the next campaign that you're going to need if you're a big company you have a big campaign a big sales campaign christmas was your last big sales campaign what is the next big sales campaign yeah um it's not a true question i like those but you know what i meant to say summer it's going to

come down to the type of company though that's kind of where I guess some people may say well they may do increased activity during carnival or Easter particularly if you're talking about like a product like beer or liquor

for instance so seasonality will depend on the company in question or the company in question or the client in question. But suppose where I was going with it was, suppose by virtue of getting new clients and increased business resulted from the Christmas campaign, that this company would say, well, we need to keep this momentum going.

Yes, you have to. So then you have no new seasons of business emerging. Which is why I'm very keen on seeing what january's numbers look like and to support ryan's point i will leave one a beer james in an episode no i will say this because now the year has closed and it is public info so the lab's strongest quarter is always has historically been q1 you can see that by looking at the numbers the lab's weakest quarter weakest in aircoat has always been q4 because of where it lies lab just beat their q4 by almost 10x yeah yeah just consider that yeah the thing that i'm weakest in i just went almost 10 times my usual

alarming the people really disaggregated the numbers for full year and pulled it out. They would have seen, they would have been a little surprised. So when IPO came out tonight and you compare the top 10 lists, the sellers, you said to yourself,

why would people be selling heavily having had insight, I would imagine, into the company? What he's talking about, he and I have never's talking about just i'm almost willing to bet money no i've never we never spoke we've literally never swear but i'm willing to bet money that i know what he's talking about because i see i see something specific and i go okay i've seen that name before and it's the third time i've seen it but two of the last times it could have brushed near him there's the same advisor yeah i suspect you you go you're good at what you do with these money people your dog your money people should be calling you a new investor

though first time buy me something for the christians one night lord buy me something for the christians this is the kind of conversation we're having you guys think we're being cryptic yeah but he said every single thing that he needed to say he said if you check the top 10 you see certain people there i laugh and i say why are you pressuring me because people would say my name on the top 10 and say i'm no longer there yeah it wasn't really cryptic but people think it's because i never say xyz and he doesn't need to do it because he's the man actual money i'm talking about right yeah but if you can read between the lines you can see enough this is what actually happens when you're not inside of trading when you're actually working on public information

i know kimala. Big up Kimala. She'll tell you straight to her face that when we talk there's like lines that I do not Ryan, I know certain things that Ryan must know. So as a good veteran, I don't ask. And also, I don't need to ask because if I ask,

I lose the skill of being able to work it out on my own. That's fair fair and you guys have everything that i have literally the same conversation we just have him say so all you have to go to know i mean somebody listen to this at the miyad so then bring up the top 10 and pick up the old top 10 them to say all right those around there anymore a lot of people this is the first time they're paying attention to financials yeah i've been congratulated so much over the last few months guilty for for for for my for

my holdings i'm like yo it's been public for a while i have less i have less now than i did before yeah what i should question is where that let's go that's exactly yeah i can tell you this it never braff out that's exactly i'm lying i braffed a little bit i braff i'll confess i braff i braff i come me also to give me one i know you soon i know you need to leave soon i know you're tired I'm lying I braffed a little bit I braff I'll confess I braff I braff Come me on soon Give me a walk I know you soon I know you need to leave soon I know you're tired

But I don't want you to And I like that You don't call? No I don't do calls You know No where? Shift Oh cool

Goodbye shift Long shift What time you shift start tomorrow? 8 to 4 Oh man 8am Oh no man I'm going to make you go quickly

So thank you for your service go ahead and tell us what you like i'll give you a question i haven't asked yet because you have the opportunity to ask all of us myself the night who's here with me every week thank you very much and you have ran here and you have fellow listeners fun so if you could see something from earning season why you want to ask something for the people. Yeah, ask a question. I'll answer. Or Randy will answer. Yeah, you can answer afterwards. Let the doctor answer first.

Well, I mean, for me, the question I want to know, and I think, you know, based on your growth, that Phil just did. That is where I want to be. But you realize when Phil done it, I tell you, me say, yo, I'm kind of lost. But here's why I'm like, damn it. Because at the end of the day it's not that what phil is doing you know you don't start there you know yeah you start with real life exactly yeah i start with how to relate real life to what you've seen on the people or how to what you see in real life yeah how to translate it to finances and understanding

if it's going to be patenting do your what's the word that you used your assumptions your own assessment your own assessments

extrapolate from that yeah yeah yeah alright so maybe I'll drop that to that gem I'll start it and I'll try to deliver a lot

next year we know what somebody look like when they're making money or we tend to think we do right and we know what a business look like when they're making money or we tend to think we do right i don't know what a business look like when you're doing but we know said money definitely making a price map because the money put on a second floor a parking so you know it might have an elevator just for you to carry your things up to the top floor all right i said birds two companies also

not on the stock exchange birds have a post i'm gonna make birds birds treat me like a hot girl that don't care about me every day most of them on them list and i'm just ignoring every time i see them they just get hotter and hotter you could just ask me no you tell us tell us for the first time on early season ryan strong come to you just ask me i mean it's you think the list no you don't think that list i don't think they will either but i want them to that's a hot girl thing they don't need to yeah without going too deep the business is kind of split up amongst it's one it's a family but there's just many holders i understand it's like a tree but just many branches understood yeah so i'm just not

sure i mean it'd be fantastic i think it's a great it's a great family I know I know the the patriarch of the family yeah yeah legend it's a great man but who's to tell it's a new normal you know

it is and that's what I like about it's a new normal if I can see I can because again what's that no great inside info Fontana

for the people who paid attention to the notes also a split up family company amongst people yeah so on the back end the end that ryan works on which is like the deal making and a huge part of it might be things like how do i keep this family happy and bring them to a point of listing

because that might be all the work you know to get everybody to give the sign off yeah to be clear though bert is one person i'm just saying that it's a lot of children. I understand. I understand. There's all sorts of things. He's one person at the time. Yeah. I mean, big up on him.

I don't want to call on him because I don't like loading nobody up. But he's known online. He's a cool guy. Yeah, well, I don't know him. Yeah, yeah, yeah. But yeah,

things like that, real life things is all that he does. So if I'm looking on Jamtee's exact example, Price Smart, for the people in town know if you,

not Price Smart, price right. You pass that supermarket in price right. I pay attention to the fact that the man then paved across the road and turned it into a parking lot. If I lived across the road, I'm not selling you my house unless you're giving me a premium on it. Which means they likely

bought that land for a premium. If they bought that land for a premium, it must mean that business is so good that I'm willing to buy premium land to turn it into a parking lot that's how good business is and they also clean up their own parking lot and things moving nice on the inside that says to me that maybe things are going well if that was its own company i'd look on that as a sign to start looking at the things right lasco hold things on the ground start looking at it and you know look you can you don't have to be good or bad i'm just looking to see what's there you know are you mentioning it for laska for me i saw those drinks on the ground but i didn't really see anybody mentioning it and all i said in the

financials was that they launch it and they're looking forward to the results but i'm saying oh wow this looks like the results it looks like it's going good yeah there's no the point you're looking for is after that where somebody can come in and say hey let's go have all these things and it's going well and you probably have seen it and go, wait, wait, wait. A great advisor will get it there. I will go on a limb and say

that you're not going to get that necessarily in industry across the board. Good advisors are rare. Yeah. I say it all the time. Everybody wants a run. There's not that many of them in the industry. There's Danai who I think is great.

Danai is not an advisor. Danai doesn't work on that side. I am not a licensed financial advisor and i don't really do the advising for money i actually put my own money in the game so my first gift to you is something like that just the real things paying attention to it ryan mentioned it too we're all here drinking with sinker products and some white rum it's not accidental and we weren't doing this last year that means that these sales weren't on the books last year so this is new sales and you start drink water hard from the start by them right think about that i talk about we sink on water everywhere i go sales must push at least

one percent of the sales up thank you very much william if you can send that back my way in the form of a dividend or something but yeah everywhere i gotta talk about it so it's a real thing it's a real real real thing so yeah don't knock it you're already on a path that is great and it's oftentimes we make it harder for ourselves than it really is absolutely you know something i would i would you brought up last go around the i i just look at companies that are expanding very simply. I mean, Lasko added, I mean, one doesn't have to know the specifics, but they added 60,000 square feet of warehouse space. And then ran out. And I don't think they've run out.

Sorry, they've run out before and the entire expansion. They added and they had to add. Because what used to happen, my understanding, I have no insider knowledge, I think they used to at one time produce on Red Hills Road and as best as possible transport out to White Mile. When you think about that, if your business is growing, what kind of expense are you incurring by transporting from Red Hills Road in traffic to White Mile? Suppose you have to transport at 3.30 and you're going out against that traffic carbon, but you're going against Boulevard and Portmore and everything to get out there. Suppose you do all that in one space, what

kind of expenses that cut out? So that's why, despite the fact that a lot of people talk about Lascaux, I was prepared to take a risk with it because I figured at the very least their cost management would have been greatly improved. That could make it appealing for somebody. I mean, Mr. Chin is 80 plus. I'm not being morbid, but reality is reality. Something is going to happen. So I guess for me, that's kind of how real life has come into my investing pattern, so to speak.

When I look at Sajicor Bank Bank for argument's sake, I would say, well, they're small. But the bank is profitable. I'm not sure NCB's retail banking operations is profitable right now. Can the small guy grow bigger than the big guy?

Or faster than the big guy? Sure. I like that gamble. Sajicor this year is 80. Spelled to 65. I don't know why that's happened. And it's languished at 68 and 67 and whatever. I think that high came from people misunderstanding Sajikor, Sajikor financial buyout. I think a lot of the spike happened because.

Because of that? You know what? Let me go out on a limb. A lot of the insiders heard buyout. Possibly. And so they ran into it based on the numbers though I still say

65 is fair you know I bought the 65 and the funny thing is a lot of times people may think for me for one I hit everything

people are coming to me and saying Sajikorza buy a fart and I said well I suppose but I have NCB it's fine then you imagine

me sitting down there and then I come to realize whatever I realize we're NCB I see it go to 80 I imagine me sitting down there, and then I come to realize, whatever I realized, we're in NCB, and I see it go to eight. I was like, I can't talk to these guys again. Bear in mind,

that's my NCB at 35 or whatever. So you don't really lose every time, but then that's how I fall back. I said, well, perfect opportunity. I jump in. So nobody, and I tell clients, nobody ever hits everything.

And nobody misses everything. The one you want to do is be consistently hitting the big ones. My thoughts. Remember, this is not an authoritative speech. That's just my opinion. Everybody will have a different opinion. I just want to hit as many as possible. Signos dipped after the ipo

everybody complained client costs i couldn't buy because i was waiting on an opportunity that was yet to come up that i'm sure people know about i said well we bought heavily for a guy. $10 or whatever it was. $11 or whatever. I bought it. From 10, I think. You're in before me. Yeah, I was sitting 9 change. Yeah, hard. And I was on record. I never delete those tweets. I'm on record laughing at Cygnus

for the upsize. And a year later laughing at them for getting an FX loss. Because both things are true and it's bad for our company. And the share price was hit. You think I'm going to alter it forever? The share price got hit and I got $9.

I was like, yo, hold on. That's cool for last year, but these guys are making crazy money. Look at the revenue. Look at what they're saying. So I'm going to jump in then. The same exact thing I was laughing at. It doesn't mean I'm going to laugh at something

to jump in when it's poor. That's how I show why I think of certain things and what I think of certain things. I've done this most recently with Fontana. If Fontana drop call, if it drop into the five-ish

or four, if it go anywhere below five, I'm obviously buying. If it go into the five-ish territory, I'm buying. And I'd buy at six odd to hold two years. Huh? i'd buy at six odd two years huh just a p at six still wicked 20 something it's still high 20 something yeah still looking at 20

something even well i'd have to forward look at like with the billion dollars from the main that no it would be different but that that's that's a year and i have to be buying looking at that because i wouldn't the hair i know is is immediate you know measured outlook yeah it's just just the valley now is looking forward definitely unless speculators drag a stock price though in which case just you know sell whatever you have to buy yeah yeah yeah something goes into bargain territory just buy it because it's available. You never know. You never know. Philly won't give us another long one.

I'll ask you for the short one. Give us a longer pick now. A year? That's it. Definitely. In a year, I like Elite. Elite. Boy, this man don't let go.

This man is more like, hey, hey. Doctrine him, you know? It's an area of competence. Appealing to his biases. My biases, yes. For a long time, Elite was actually one of my bias stocks, I would say. Big up the first Ryan podcast. Episode 5.

Episode 5, yeah. You guys spoke about biases. Podcast, yeah. Episode five. Episode five, yeah. You guys spoke about biases. And Elite, for me, is a similar story to NCB, where I saw Elite has been growing revenues quarter on quarter, fantastically.

And they've always had a drag because of building out first league on e then building out jack's hall and then this quarter the last results that they had i had a question about their um about their expenses and i decided i believe the results were not, the trajectory of the revenues was not going in the same way that it was before and I thought that it was going to fall. So I came out of Elite completely. It has fallen to, I think I sold it at like $530. It's fallen to about $5. In fact, I saw some trades in the $490 region the last couple of days. And I think that it's, but that doesn't mean I don't believe it's a good company. I think it's a very good company.

But in terms of what my goals are, I looking for some shorter term um gains and if it falls below a certain level i certainly would would get back into elite but i think that when the drax hall the revenues from drax hall come on in the next quarter and more so in the following quarter you're gonna see you're gonna see a lot more movement upwards that's a question so to what extent can it scale or you're not buying it for that um like within the existing branch network within the existing branch network there there is a there's a there's a there's a high demand what i had a conversation with a colleague about Elite when they were going to list.

And that colleague was saying, they don't say anything special about Elite compared to, say, Apex or the other companies. I said, well, what is special about them is that they're the only one listed. They're the first one listed. There we go. That's the thing that's special about them.

Exactly. It means their books are in order it means that they are gonna have a 10-year tax benefit over their competition sure so they can either scale up their services right bring state-of-the-art um equipment which is what they're doing or they can control their prices and price the competition out and my understanding in speaking to two colleagues is that that is what they are doing leads prices are apparently very good compared to the rest of the industry but I don't I don't actually work here so you can tell me intervention procedures

they do interventional radiology right and there's not a lot of companies doing that exactly a lot of times you know you send patients to do these tests and they can't get it done i guess i'm just trying to understand like how do i how do they get more dollars or revenue from every dollar spent on a new piece of machinery? Forgive the terminology. If I spend $50 million on three machines, my revenues for a year are $150. How do I get to $650? Or do I need to spend another $ million or can i get 650 out of that 150 base if you follow what i'm saying patient flow it would come to patient flow the number

of patients coming in right and you would have to account for x number of patients to make back your money for this mri machine. Anything above that is profit. Profit above and beyond. What I like about, for example, the Drax Hall branch is that they have doctor's offices there as well. That is basically a self-referral. They driveoff referrals. Right, drive-off referrals.

And Drax Hall, there's nothing else close to it. It's remote. It's in between Ochi and the hospital. Where is it? It's on the main road, right? Yeah, man. It's right at the end of the highway. I know it. It's right there.

The hotels are right there too. To what extent? So do you have any insight into the numbers of the Draxall location? Did the financials disclose anything? No, the financials didn't disclose anything. Because they opened at the last couple days of September. And that was the end of the quarter. September was the end of the quarter.

So they actually said in the results that the Draxall numbers are not in, in that, the last results that came out. But I expect them, just like what happened in Ligani, because when Ligani

opened and started to operate, their revenue, they had an excellent increase in their revenues. So profitability was weak on it though.

But the profitability was weak because they were investing into drugstore but what you sure about that or them said that i'm not sure about that you sure about that they did so that's why i have to check right because remember i said companies like ceos like and they'll take any excuse i see a company say rain with it two weeks or two weeks out of september rain so the man said that's why profit in the quarter fell by i did see by was a 60 the quarter is three months it's crazy like madness well you remember this some all days when you know say trade the trade is going they have to put something but i mean it's the same thing one would ask can i say this i think so one would say well

how are indies expenses going up so much one cancer for certain but we have to take the ceo's word for it but still a radical increase right especially after dropping so much debt yeah that's eliminated yeah so why eliminate that and then so so then you know obviously commensurate with an increase in expense one wants to see something coming as a result because nobody unless you're spending money not expecting a return but then who does that exactly yeah well apparently some investors do i would i'll be asking questions that i who would why would i been saying elite's profit right now looks like they were before listing so we had some places and you didn't look like what they sold to us. So they were down after everything.

And they finally reached back up and they're at a listing profits. Yeah. Around there. A year later. Imagine that. The more we talk about it though, just, I know NCU is supposed to sell some after the listing. Maybe they did, maybe they didn't. I don't know what you're close to.

But then Sajikor is a large owner through Sajikor Investments. Has there been an alliance with Saj core because that's that I don't know so you put together all the pieces because canopies hitting them hard so they must have the you meet what happens in when you get that sort of competition yeah we've seen it we came along I listen did you sell immediately try to build a wall garden so it canopies going to start trying to sign doctors and and and certain places sagicore is going to very quick it would stand to reason that sagicore very quickly would also do the same thing as sagicore the bigger footprint already right so the market

leader is able to lock the market in certain ways you see you take things from certain from other industries and lift it right yeah the market leadereras, has locked it in such a way that nobody can put a strong cigarette foothold here. You see those numbers. You've mentioned something about looking at patient flow, and it might seem complicated, but if you go back and look at G.U.S. prospectus,

because they were a new... No, no, hold on. You guys laugh, but it's good, right? Everything is opportunity to learn. Forgive me. I shouldn't have said anything about GUS. Forgive me. If you go back and look at GUS prospectors,

you see, because they were a new company, they had to explain patient flow and their breakeven point. So you can take the learning from the GUS prospectors. The debacle. Again, ran strong. But yeah, the very interesting GUS prospectors and apply it right to elite

yeah elite current operations you see you take one and put the other tell us about this debacle no i just ran it and maybe i'm not i'm not able to comment fairly on it because you know there was just stuff making the rounds but i think on the surface based on the numbers it has underperformed and i think when you see ceo changes ceo departures execs jumping executive chairman is running the company now oh is the building even finished yet i don't i don't know it looks nice i've physically seen it it looks good but i gather there are some technical challenges in terms of the roost being too low. And again, this kind of stuff didn't surface in the media.

So I was led to wonder, and I never liked it. Because again, the same thing as scale. But that's me. I don't invest at 20% and 30%. So I'm looking for upside. Because if I buy it, I want to know I can sell it and somebody's going to come out. Somebody's going to come in when I come out

and still feel there's upside. If I'm buying for 30% and I sell at 30%, and the onlooker, rather, I'm trying to sell at 30%, the onlooker is looking on and saying, there's no more growth in this. I'm stuck. Yeah, he's stuck. Or I have to drop my price so that he can get some upside

or she can get some upside by virtue of it. So that's why I like companies that have tremendous upside so I can come out somebody else can come in I still make some money yeah that's how it makes vibe that's why I make sense buying nobody's buying at your price no because you reach the point no you read they're looking at when I buy at this price I'm making money on it you're not buying say all right it's only down from here or the show you know say more you want me some money on it sure and that's the things I, all right, it's only down from here or the same old, same old. You want to make some money on it. Sure.

And that's the things I think that don't surface enough in terms of like the investor psychology side of things because we can only think from our side what is another side of the coin. And our market is relatively small enough that we really should be thinking that way.

It's not in the US where you can trade somebody and you have no clue who's buying i mean sure locally you may have no idea too but then if you really dig a little bit you can get a clue in the u.s you're not seeing a queue a big cure ask you're saying no i'm just saying especially at certain volumes, I guess. Sure. Yeah, because it's something that you guys pointed out on the last episode where I said it's easy to jump in and out at smaller volumes. But when you have a certain amount, then it's like… You've really saved somebody. Yes.

Yes. I mean, if you're talking, you know, $5 million or more, chances are this is a big company yeah what we want here from earning season did i say that before did you move around ask me a saute but i haven't asked you yet so tell me what you want from earning season before and i know miss braffins you got to add one pick mrs braffins respect to the name god damn right you're god damn right but yeah i want to hear what you liked and what you want to see in the year to come um i think people might think i just said mrs i'm neither mrs or mr braffins just to be clear yeah um honestly like you guys have been producing

such good content and it's been it's just been getting better and better with each episode so i don't even have yeah i don't have anything to um i'm just yeah i'm just sure that you guys are gonna have something great especially since you said more greatness coming in the new year but the only thing that i was kind of yeah the only thing that i would kind of try and get is more like how you guys analyze in the short term. So like you asked it for the pics for the three months, like how you think about it. But I'm definitely going to have to go to a grower

and get that. You know what I'm saying? I agree. I agree. I agree. I agree. You have to come to a grower. Yeah.

It's evermakealot.com slash store. And you'll see the grower stuff there. You see the grower gift certificate. Listen, it's evermakealot.com slash store and you'll see the grower stuff there. You see the grower gift certificate. Listen, it's December 25th, you're hearing this. Nobody bought you a gift. Buy yourself the gift of financial knowledge, financial freedom, financial literacy. Grower.

You'll see the gift certificate there by it for yourself. Also, I guess when you're hearing this, I do have a grower IPO version open. So while you're hearing this, because we do have an open IPO for First Rock. So I'm not talking about First Rock here because if you want to hear my thoughts on it and how to analyze prospectuses in general,

IPOs in general, how to know what to buy, pay for the girl IPO. It's streaming. You can watch it from your phone, your laptop, your girlfriend phone, your side chick or side man phone,

anything. Your platonic, platonic, platonic, platonic sugar mama's phone. You can watch it anywhere. yeah but that's that's my ad um and i like to try and as you say like how to pick is the same like i told me a salty real life stuff but you said for three months and so on right so the reality is that it doesn't

really change you like you look at if you're looking at one year later then you look at what value will be brought into the company one year later so you're looking at one year later, then you look at what value will be brought into the company one year later. So if you're looking at three months, you look at in three months' time, what will happen in this company that will bring value to this company. It doesn't change. Correct. And then you may also, so for me, I'm not really a short-term player, but I'm going to tell you two stories. This last year, it was not the money. year where it was not the money so purity is the land i think based on the numbers the team ran is valid at i really hope i remember this correctly i think it's two dollars ten cents

a share the land in the business the share price at the time was about a dollar $1.50. Thereabouts. It's been bouncing below $2 for a little while. But when I bought it, I bought some units, and it so happened that within three weeks, it's a trade at like $2. So I sold all of it.

I didn't really make a lot of money from it relatively speaking but it got to where i thought it would get to in a fraction of the time honey bun ones fell to five i never i should have gotten more but i got a small piece broke i never got to fill the other piece so it went to seven i just weeks sold it because it was cheap to me at five based on the numbers you do you just had this disturbance in the market that can happen if you're trading something that's like under a million dollars or yeah just sold it below below a million dollars it becomes very easy to do some magical things that you can't do above a million dollars but then but then so like last week on a single day like 650 000 hundred bonus 700 000 trade that seven something that

would have been an ideal amount you know someone is really looking to to get in and sit down with it and just forget about it for a while but you don't really find it happening very often so for me i just look for short-term dips. If I have the cash or the wiggle room, I take advantage of it. If not, make it pass. But I can't play that game because it's too stressful. It can carry some stress, and I won't lie.

That's another thing it taught me, to lick up the emotions. Yeah, yeah, because he's right. It is stressful. Yeah, man, it's stressful. It's very stressful. Yeah. Because you're looking every day and i know it's like all right it sell sell no it don't sell all right try again tomorrow i don't yeah and i and i don't do that that i don't know so as much as it was a short term you know but remember serious holy pot terms you know yeah man i don't mind a three-week pick and i think that's very short i don't mind a three-week pick, and I think that's very short. I don't mind a three-month pick.

But as Denai pointed out, it's a matter of picking based on what you expect to happen. It's not magical picking on, all right? So I expect that, like I say, I keep going to Fontana. I see Fontana. If I see Pac the whole Christmas, January, second week of January, if I see Pac like I see, no. By some magical reason, I see Pac the second week of January, the same way I I see now By some magical reason I see Pac The second week of January The same way I see Pac

Now all the time Not payday yet And that's before The January payday hits Right And let's say At that time Magically it has fallen

To $5 a little bit Yeah I can put Two and two together Yeah But and you say Yes boy It's so good Randy saying so

But a different thing When it's $0 or $5 You know You put it in You know right But for me I am It's my five dollar me saying so it has just as much strength as you saying it to yourself because i doubt myself heavily too so i have to go and look for the things i have to i have to go and look for the things i have to do the research

i have to actually drive past every now and then and after that the end of the day met the bet i've made a bet and put the money on it. I don't like saying bet because it sounds like it's cash flow. It's nothing like that. So there's research in it. But at the end of the day, I have to put my skin in the game. And that's what I have to do. And literally, the more you do that,

the better you find yourself get at it. And if you're afraid to do it with your real money, do it with fake money. Pretend that you put 100 grand into something and see how it reacted in the amount of time. And it's that about how it reacted is why. the end of the day is why so mrs braffins anything from you yeah mrs braffin what would you like to see from the podcast for the year and any questions also for for our favorite guests our favorite guests um i don't know you guys have really outdone my expectations wow no truly big demo big up thank

you very much i tune in well maybe not wednesday seeing that it's always beyond my bedtime yeah but i tune in dropping shade for dropping late oh wow I tune in every Thursday yeah the podcast is to be dropped on a Wednesday no we don't say what time on a Wednesday if it's not Wednesday

if Wednesday don't drop then it's late oh oh oh Wednesday Wednesday in Jamaica Jamaica time correct um

but yeah I you guys just need to keep doing what you're doing I've enjoyed it it's really good i like that more ryan we like when ryan comes on ryan busy i'm gonna try to go home you have some politics to deal with my lord i'm just a visitor you guys keep inviting me back

ask ryan a hard question like we have him here. We have the million dollar man here. Ask him a million dollar question. I don't know about a million dollars. I don't have any hard questions. Easy ones. This is your chance to ask Ryan whatever. Go ahead. Let me think about it. Phil, you must have a question.

Phil, what do you want to hear from the podcast of the year? Mrs. Brough took away my comment, really, because I can't think of something more, right? Yeah. That I would say I would want, you know. I think what is, what, I will freely admit that I first started listening to the podcast to get pics lots of people do and it's

understandable and it is not that I don't want to hear pics anymore but I think what is what I appreciate is that listening to the podcast along with other aspects of the

investment journey, being in the group, talking to Danai, talking to you, finance Twitter, big up finance Twitter. Yo, side note, Danai, point out to me, who started finance Twitter? Who's finance?

Danai. No. So i've said so ryan has said it i've said it then i said it one time we get to edit it so i don't consider myself part of me neither actually and and then i pointed out that he had checked who had started it oh yeah david yeah david jc night oh david started it oh yeah david yeah david he's the captain yeah yeah the hashtag i think he's much more in line with what is considered finance twitter i don't think we are friends i agree with our twitter and we talk about finance sometimes that's it yeah i can't yeah i can see that i can see that somebody called me and said you need i need to talk to these guys on finance twitter i'm like boss

i don't know who you're talking about you guys are in it by association even if you never intend to be in it people automatically assume you guys are in it that's fine but how be in it. People automatically assume you guys are in it. That's fine, but who you're in it and what you're in it is... It's not that I'm tweeting. I never use a hashtag. I've never used it. I don't. I'm very careful about what I do.

I wouldn't consider myself a fan on Twitter. I just tweet about finance sometimes because it's a lie. Most of my tweets aren't even finance. And there are guys who I think are, you know, for better or for worse, doing a reasonable job in terms of explaining concepts and all of that. Yeah, yeah, yeah.

It's fine. I think some guys have done a good job like explaining numbers and all that. But once you start going down certain roads, I'm not, you know, I'm just, just for me it's just a little bit too much risk so i didn't bother getting to it because i've had i've had i remember when the there was an ipo being discussed and the ceo of the company with the listing called me and said

you know i see on twitter where some stuff was going on correct this for me you know what i'm talking about i said all right i'll do it but i have nothing to do with it but let's just and i said listen this is can you say what you're talking about it was oh i said it on twitter it's a sagicore ah sagicore finance the latest one not the manufacturing one the one select f yeah about the call me so i said all right i'll do it but i don't have nothing to do with if you can help him my advice to him push him to have a presence on it yeah i'm sure you can say it and tell him he's heard it before i haven't said it but so kevin they're requesting you so sign up yeah man have a presence if you want to come on the podcast we'd love to have. You can come and talk about it

because I like what they've been doing. I know at his level, it's a little iffy, but when can I say? They'd love you to come on the podcast. It's a personal invitation. Yeah, it is a personal invitation. I won't be here, but you can come. They're good guys.

Oh, wow. And it's a good... You can come. You can have a conversation. I'm doing my film. It's cool. No, it's cool. It's very smart, and I'm sure, you know,

if time allows, you'd be more than willing to be here i'm the idler you know so i'm just available so i like that phil you have anything what you say you don't really have anything you want to ask us because i know the doctor i said the other doctor in the room. She has figured out. Do you want to say it, ma'am? In terms of content, I like that episode with just you guys where you actually went to a couple of companies. So I know

Dana says it all the while, Randy looks at the entire market. Yeah, I know. It's time consuming. But sometimes when I'm looking through the list of the 82, when I was just starting, it was fascinating to me. And one of the things I tried to do is, just with the companies, trying to find out exactly,

what does this company do? I've never heard of them. T-Tech, reading from their reports, where they're coming from, what they used to do. Those things I find very interesting. So,

I'd like more of that. You know, just... Let's talk about companies. The companies that are listed talking about them there's something coming keep an eye

on your email I have a question there's something coming what got you guys into investing each of you like how long

you been investing what got you into you can tell Rand missed the first part of this episode guys no one is going to answer

Rand is going to hear when he listens because Rand does also listen but they said it at the first part yeah man everybody introduced themselves talked said how they started guys and no one is going to answer ryan is going to hear when he listens because ryan does also listen but they did they said it at the first part yeah man everybody introduced himself talked said how they started yeah man so you will enjoy this one it wasn't in vain it was a good surprise it was a good surprise yeah unexpected gain excellent yeah uh ryan you are a guest i repeat guess what you are i guess i'll tell us what you want here what you've enjoyed your favorite

episode and what you want to hear from us over the years to come. the most was the one at Kalila and I said that because it was practical. I think many times investing can become this high finance, up there discussion

with these special words and I really appreciate hearing real life expectations, real life experiences coming out. And Khalida's interest strikes. It's genuine. You know, I've seen... So, people will be... You know, you hear

a sport report. Sport reporters call like the former Arsenal manager Arsene... Arsene Wenger. But they'll say Wegner or something like that right that's completely mispronounced the name because you know there's not necessarily familiar with the with the you know with the term but when i would hear her talk about finance particularly in the early days she'd

be like using the phrases correctly and i said well she obviously has this great interest in the subject matter so it was my brain was tuned into that so when i heard her on it i was like she's talking about richie and talk about the experiences and what they were like when they got married and you know the gifts and whatever that really jumped out at me because i'm very keen on hearing what the average person finds through the whole investing experience because you do it long enough it starts to become numbers on the page. But it's actually real life. It's real emotions. You know, real ups and downs, real feelings, and then real successes. So that was the one that really grabbed me.

I have not listened to the Kwame one yet. I listened to the first JMMB one. That was cool. But that one, Khalil, jumped out at me. David's almost cool too, but that one felt a little technical at some points so i just like i like the simple things so like you like the like the simplicity yeah coffee in the morning i like the one with tyrone big up tyrone yeah big him up all the time i'm big up all the seals big up dre yeah yeah attacking dre dre confused me though yeah yeah i couldn't understand a thing he said like i was

like how does this guy get where he is you know ah yo jay the man i wanna blurt me pair of clocks i don't think he should ever come back that's my honest view okay wow yo dre whenever you're ready sir you know the door is open. I have to be here. All right. Danai, I hope you appreciate the episode. I mean, I'm always thankful. I said that, I think, two episodes back, and I'm still thankful because I enjoy the conversations. People ask me all the time why I like it. I like it because I enjoy the conversations. So thank you very much, sir. I did promise me a sort of me say i gotta say on episodes i won't get deny a laptop same can check that's how we're talking too yeah you guys remember that laptop phone yeah yeah yeah so it's a whole pressure guys we have a setup and do all that and then i don't know if you know like i said for the grow agreeing to grow ipo no

and we always give half of all the proceeds from that to charity and there's a there's a fun now for this gentleman i don't get the name right blaine for blaine yeah um so if you check my twitter you'll see it you'll see it in the show notes i've given half of the money from gorthy that's a sorry then you're 250 gone straight to blaine it's a good cause i'm happy trust me nothing yo i think about it. Sublime have a big list, right? And he's going through his own thing, you know? So, I mean, hope him pull it through the best he can.

The doctors here, I'd have to tell you how rough that fight is. And that's a big fight. But think about it. I could have one person join the stream and pay $65 and get in 35 US that he never get before. I say, I get that wrong no people don't say you see the numbers thing i tell you about immediately it's fine it's fine it's fine he's getting 30 ish because there's taxes there's fees whatever but after that he's getting that money that he didn't get before because at least one person one person wanted at least to learn more about investing and that money was not wrong last year right i gave

900 odd us dollars to the jamaica cancer society just a few months ago just and the grow ipos our own space is geared towards ipos so if you're a flipper if you want to walk on and make money and i'm not costing those people everybody have their own needs i just want to help you and because i know it's a popular thing i take half the money straight to charity that money wasn't going there before i've never given money to jamaica cancer society tell me that i give them over 100 grand just because i could i wouldn't believe it and tell me says people are coming for that 900 odd means you know what that means you can divide it all to figure out when people are on the stream and we gave it away a just is coming up than i do something don't say nothing because you weren't there.

I can say something. You can talk. Talk the thing then. I think they've benefited from Jamaica's airlift. And the chairman is a great person, Howard Mitchell. He's a great guy. And I think it's worth looking at. Let's see what the margins look like.

But it's stable. Yeah. I mean, I'll admit the bias. Barry don't get one wrong yet. So, you know. We got Mayberry consistently. But yeah, so I'm thankful for Danai

for being like a really good co-host. Pressuring me, wouldn't do pressure me as much on the show as you guys don't, but impress me, right? Because I have to stay sharp because I'm sharp, right?

On the flip side also. He's impatient too, right? He's what? Impatient with the percentages. Yeah. Yeah, when I'm hungry. I'm hungry, which is good. I like that. I like that I'm a co good i like that i like that of course i like that i'm very thankful for that for me i like dropping the gems i know people who talk on give the most convoluted gem i can 100 grand in the next year more than 100 what would i do i'd wait for ages i'd put the 100 in right um you're not going to

get the full 100 you might get let's say you're lucky you get 20 you wait till you get your refund that 20 is going to double to 40 no you have 120 grand right take that 120 grand out i'd probably put it in jmmb they're going to report their first quarter with their fuller numbers with surgical financial people going to be very jumpy that's going to jump what is that right i don't want good dates because i'm not doing this very quickly because i want to wrap they got to What is that? I don't want to go dates because I'm doing this very quickly because I want to rap. They got a discount?

They didn't get a discount yet, but this is me going hardcore. This is fundamentals plus sentiment. Sentiment is going to be the first time that they're recording this heavy money coming from Sajikor Financial. I expect the price to rise. You get a 20% out of that.

It might rise 40 or 50 you know i'm just looking for 20 i'm jumping out from the shareholder shareholder share basically increase here so yes you hear the expert you're the expert so you understand what i'm giving i'm giving up people yeah it's going to water if it profits dublin you know shareholder based also yeah so it should water it down however you they're probably going to report it against the old numbers right so i'm going out so it has to be above and beyond relativism. And that is... So this is me giving my gift.

Okay. This is me going too hard. There you go. Because again, not sentiment. He's 100% right. So I'm not going to sit in JMNB. Because JMNB, I believe, will have the spike. It's going to have the dip.

And it's going to come back and spike even higher in the longer term. But that dip, though not that dip, and that dip could last some other time. So I'm looking 20% to 30%. If it passed 20%, I might sell. So now I've gone 120% plus 20%. We're looking at what? My team? 140.

Almost. I've gone almost 50%. We don't hit March yet. Right? We got March yet. People are asking what's happening with TransJA. I can't speak to you because I truly

have to see the numbers to guess I'm not going to guess right but now I have 150 grand what am I doing with it I don't know yet if NCB reported

something good because don't knock NCB another year of fixing I agree but those guys also know timing so they know how to make little things happen

at the right time to ensure that their quarterly numbers are good those guys are acting like they're already on a US stock exchange that's how they act i i like that about them um and i think they'll have a nice amount of profit i think as always uncle michael lee chin is going to definitely increase his um dividend this year i suspect that's going to have some effect on select f i look for 10 from select

f with my money on my 150 so i got 165 we don't reach the middle of the year yet you have jps that's going to come to market i'm sure it's going to be listed well at a nice fair price i look in 40 percent on that and 150 grand 160 grand there about so much we're gone almost 200 grand definitely more yeah 40 percent on 16 over 200. There we go. Fling whatever you can after that into NCB and wait. I'm not a licensed advisor.

You're just saying what you would do. Yes, I am just saying what I would do. My go-hard course right now. So I hope somebody

does the math, somebody listens to that, somebody enjoys it. Big up to people who have been listening all year. You have a whole heap more coming next year.

So literally, I believe in always trying to make the next one better i am waiting for about late next year to find a specific tweet where somebody tell me say episode could be topped and just remind them so i don't get that i don't know but i'll find the tweet and i'll remind them oh yeah yeah and the truth is it was not bad episode it's a great episode yeah but i'm sure somebody told bold say yo i mean this 200 meter thing is good and 100 meter look good but you know you're kind of injured the not the race the episode the episode it was strong people loved it yeah yo don't come starting a beef don't come starting a? It was great, you know, but they don't know me. Yeah, yeah. They don't know me. So I just add, I know we're wrapping,

is we'll be doing something in person next year. You'll be doing something in person. Yeah, man. But stop putting some, stop putting a free promo upon my thing, my lord. Is it next year, 2020? You'll be on it. Of course, I'll be there and you will get the ads on.

Yeah, and I'll be probably there. So if you guys had a sort of conversation, but you've always listened to the podcast and you want to ask questions, it might be a chance to ask all of us the questions face-to-face, get explanations,

whatever. And it's something that I'm doing. I enjoy helping here. Then I tell you, say, yo, I'm good at charity. I don't know about that.

But I know what it's like to help people who need it. I know with Farrakhan. So I'm very thankful for that. Thank you for the team. Thank you, Bam, for doing the work. Yo,

Bam here, you guys can't see me, I'm head on the desk. I'm tired. Yeah. We record these things. A lot of people find out we record these things head on the desk. I'm tired. Yeah. We record these things. A lot of people find out we record these things

very late at night. I go for hours. So thank you very much. I know you guys also realize you've been sitting here for hours. So you realize that long episodes don't make any difference, right? Would you believe we've been here

for three hours recording? They're great. Thank you. It's been a great year. Yes, sir. And this is actually going to be the last episode that they hear from us this year.

So thank you very, very, very much. Merry merry christmas yeah and see you next year january 1 you guys have any last things you want to end with you want to tell them your hats you want to tell them anything at all yes no maybe so you want to get them followers get that clout just um hope everyone is having a merry christmas and a happy new year with their families and get to invest in get to learning get those games listen to earning season get that money yeah um no just not much to leave it i just um just keep listening guys and you know keep making those gains dig deep do the research do the looking into every maker grow and uh and if not just those because i'll be your girl

expensive you know 85 us for the class expensive there are lots of options out there so yeah i like that i like that i like the space a lot of people are getting in sir but steph i caught you to boast and bravo malikating let me shut up that's it you enjoyed it all right mrs braffins i just want to say merry christmas to everyone and if you haven't started invested get on it sweet mr elite dr elite shady, shady. But yeah, man, big up everybody. Big up the podcast.

Danai and Randy for I would say the great assistance along this journey. And all the best for 2020 to everyone. It's been great. And everybody who is not investing or you know who just starting this is the way this is the

pathway to to financial independence financial freedom everybody should really get on board thank you guys so this has been earning season look out for it next year I'm at RTU Rowe Randy Rowe and I'm H9 enjoy the rest of the year and see you next year Thank you.