Earnings Season - BrickTalk - Market Talk (Sep 2026)

Episode Date: September 21, 2026

Recorded live on X Spaces on 2026-09-18.Listen to the original Space: https://x.com/i/spaces/1qJVmyMklvpGBBrickTalk is the weekly Jamaican markets conversation from the Earnings Season podcast, recorded live on X Spaces. ★ Support this podcast ★

Testing, testing, testing, testing. Can I try again, that I? Yes, all right, I'm hearing you, hearing me? I can. Let me try again. Then I? Can you hear me? Yeah, we're also.

No, I hear me? He is not. Actually, I figured out what it was. All right, hear me now? One more time. Okay. Are we hearing each other? Perfect.

Yeah, man. Okay, good, good, good, good. Finally, yes. Sorry about that, people. Let's try to get the heavy sound dishes out early. Hopefully we got that done. Welcome to the early, early swan. Anything in the night?

Hopefully the light ones don't forward. Yeah, hopefully that's all we have. Hopefully, that's all we have. All right, people. So welcome to this week's Brick Talk. I hope everybody is doing well. Hope you guys can hear me fine. And as always, for the early one, for early crew,

I is inviting you guys to send out speaking requests and talk about whatever you want to hear. If you want to hear all views on, it's also cool. And I will be just starting up the whole stream properly in a few moments. So I'd have to work twice. I'll just do the disclaimer everything then. But yeah, you're hearing now, you're hearing this thing in the space. You have something you definitely know you want to talk about this week or you want to have something about.

Now there's the time to send a speaking request. We do see them. I do try to go through all of them. And it's better you be in the line. So if you send a speaking request, the hands up button is there. We'll try and jump in as soon as we can or in order where you sent it. I noticed Twitter of a new feature now where it shows who, is that Twitter? I think so.

where he chose who put the hand up in what order. I think it's too tough. Regardless, any speaking requests, and then we'll get going in a few seconds. So, welcome. Welcome to this week's Brick Talk. I'm Randy. We're having a nice simple episode this week, Market Talk. Then I don't know if you can hear me again.

Yep, yep. I just said something on my side. Yes. Are you hearing me? Yeah, yeah. There we go. All right, good, good, good. Yeah, I just realized something screwed up.

But hi. If everybody's seeing us, welcome to this week's Brick talk. As I saying, it's going to be a nice little easy one is whatever you guys want to talk about. I always encourage you for hearing us. Jump on Twitter. You want to join in the conversation, send a speaking request, and we'll love to hear from you. And we're supposed to be just talking about whatever has happened so far this month. Or whatever you have in mind.

If nobody jumps on and you hear whatever then I want to talk about for a little while. And then that's that. So that's not. Then I how you do, what's up? Oh, this is my brother. How the portfolio is looking this week. Should be good. I know the market looking this week.

That's everybody. The portfolio is just you. Yeah, portfolio are good. Market. I think, I think, in news time, right? Or it feels like it. I don't know. I don't know if we're in news time or post-news-time.

mean the maybe the end of the of the earning season kind of the end we had a couple of of things come out today yeah yeah a couple of things come out today yeah a couple of things come out today but but it was it depends on all you mean by news time like official that's not no no i just mean like i was i think we've seen a good amount of interesting releases this week yeah yeah yeah yeah yeah Yeah. It's like... And you're coming up for last week at AGM, frenzy.

Yes. Yeah. Which was a wild week in itself. It was a wild week in itself. Our wild thing in itself for the people who... All the people I know who have seen it have thought so anyway. See a couple of recordings of it and... Yeah, wild.

But outside of that, there's other things I think that I've been happening and it's almost like it's quiet. Mm-hmm. Yeah, you know, if something got bad, you hear it quickly, but it was just been some quiet little gainers on the market throughout the time. Some quiet little dots also, we call them, or gems, quite little things for maybe setting up for the future. Well, yeah, it's been a weirdly quiet month.

A quietly weird month, I don't know. What do you think? So far, at least. It's great. I mean, quiet is not. I shouldn't say quiet. You know what I think? It's almost like maybe it's because of the people I've been speaking to

or the conversations I've been hearing. It's been more, it's been more, I think it's, I don't want to invoke the people's champ, T.J. So I feel like it's T.J. disappointment. Hmm. Hmm. I feel like that has, that has. You said it's disappointment for the dividend or not going.

to the moon or coming down from the moon that yeah so how i think of it is that what's happening now is what's expected right with trans jamaica um anybody who knows about i shouldn't say but it should be what's expected and it is where it is and what's happening is what's expected to happen what i found funny what i found funny was um well not funny but you know i said before i've said a couple of times that that you get people, especially the people who are dividend focused or state are dividend focused. The reactions you get from them around dividends usually tell you whether or not they're really dividend focused, right? So I think most of the people have spoken to about it, I've mentioned it.

It's like, what's that? Why try, what's what we're trying, what's what? But it's more like what's happening why I guess as you say, like no, I hesitate when he said to the moon cause to me. Yeah. It's gone to the moon. It's still above $10, right? So it's to the moon. But it's like the city dividend and they're disappointed. And I don't want to say it's weird because we've had it happen so many times before, right?

It's the reality of the dividend. Like people are to the light dividends and the city. To me, the dividend disappointment has come from. As I've seen most, it's a dividend announced. And then they expect that it flies right now. Yeah. So you think the dividend comes out. it gets announced and then the price should skyrocket very quickly the day after and they're

wondering why is that not happening i get something that just felt like more than and then you get so you know i always ask people why or what what they like or why or why they expect something to happen and um the answer well the answer everybody has given me for this has been oh well you know because and the name the name of the usual stuff, the name out the financials, the results have come out and of course and the dividend. And it's like, so what, right? None of those things are actually new in the life of Transjamaica. I think it's just showing the limits of the retail and the limitations of the retail and

the reality of the retail and the reality of the, I think the feeling around it. It's just, you know, if you're really, if you're really paying attention to what drives the market. I guess if you know it, you know how little power you have in Wicked on and you temper your expectations. But you think, I don't know. I'm thinking about it talking to you and that's what I'm thinking. Disappointment. That's what I feel most from people. Same.

For something that I think is, it's great. Normal. Great. What's great exactly? I'm not hearing you at all that I. Oh, he say it's great. I don't know if you're not. You think it's you?

That's definitely me. I don't know. You're hearing me now? I've been here. You heard me? All right. You may not sound again then I? Oh, hear me?

Perfect. Yeah, sorry about that. All right. Yeah. What are you saying is great? He says something, this one, for something you think is great. What's the great exactly?

Oh, and Trancho, maker the dividend actually think in the realm of dividends I think is a great Oh yeah but again I don't I don't think that is what people are talking about there I don't hear anybody actually saying anything I won't give it I hear people what is this the few that I think is necessary they're more in touch with it and the thing I'm hearing more than anything is why the price not moving after the dividend it be great the dividends announced and it's not even like I'm of if the dividend is great or not.

It's, it's, it's, it's, it's, it's, it's, it's, it is great, right? That's what I say, I hear, right? But it's, it's not, I know it, you know, is, I think, it's trans Jamaica dividends are great. So it's not, I'm looking at this dividend is great. I don't have the idea that transfer maker dividends are great. Why the price not moving now that transfer maker announced a dividend? That's starting getting. Yeah.

So we're on the same page in hearing that. that is just, I guess, I go out the extra step and question as to, like, you know, what are you expecting? Why are you expecting it? And that's usually where the breakdown is. And the reaction that we see now is also kind of the same thing. There is more evidence of it. But I don't want to dive all into Transylmermaker right now, maybe at the time.

We see somebody joined us pretty early. Edita. Welcome back, Editor. of yeah I just had a quick question about something I find interesting about news release and I only found it interesting because I was listening to the previous week's episode earlier and somebody was speaking about every folk all that but what I found interesting was the notice of the reconvened annual meeting and I am I don't know, I was just wondering if that meeting is being called at the right time or if somebody, you know, is making a mistake with calling it.

What kind of, what you mean, what kind of mistake you think could be being made? Like with the act stating that the meeting should give time of like 21 days, notice. With the app stating? Yeah, the company's act. Oh, the act. Sorry about that. Yeah, the company Zaks states that 21 days notice must be given for a meeting to be called. So I'm just wondering if they're doing something right or something around here once again. Well, what is the, what does the meeting notice say? Yeah. The meeting notice just speaks to a reconvened meeting to be. Yeah, you want to be exact.

That will be virtually reconvened on September 25th at 9 a.m. And from today to then, it's just like five business days. What else was it says? I don't want to. No, but you're just reading it. Just read the rest. Hold on the share of us who wish to participate. I require to register.

That's it. In the reconvene meeting. Yeah. But that was just in the body of the note, because I'm just reading on a screenshot right now that I took to the. Oh, yeah, I mean, no, you can't do that. If you're even slightly serious about your money, you have to click the link and read the...

Yeah, I didn't go into the thing, the actual attachments that they had. You should. You'd have to go into even just the notice. What does the notice itself say? Yeah, the notice says the meeting is being called, week Friday what kind of meeting I reconvene annual general meeting says reconvene that mean that it happened before yeah yeah so that that's it happened before it's not it's not yeah it's it's not that age is being announced the HM has already

has already announced long before no it's started already and this is that word the convene and reconvene so we left and a way come back basically that's why I see that's why I feel I can know it is yeah so the meeting was put on hold in the sense that the meeting never it wasn't ended oh so we all get up we go to lunch I'm come back okay a very long lunch I get it though I get it then yeah okay yeah so it's not they're calling on next AGM or AJM which is why they specifically said AJM previously convened on September 10th. Because I ran it would say, yeah, for read the notice.

The notice does give the detail. And yeah, for remember, again, the AJM was already announced with proper timing, and then the AJM started, and then we left the comeback. So we were it was suspended, and then we're

doing it. It was a suspension. Okay, I see. And then we're reconvening the meeting, so. Long lunch. that one will we clench indeed well I mean that's that's possible

it's normal okay I shouldn't say normal it's within within the room it's not unusual yeah okay

are you are you a share I was at some point no I say nothing anymore nothing anymore oh okay we're gonna meet in there

basically I don't have no interest to go there. I see, I see. Yeah. No, why not, though? Because if you follow in it up, this much. You follow to the point where you know the meeting, and you're proper, aren't?

I was just reading the notice, to be honest, and I remember some readings of the act were kind of guided me to that 21 day thing. So I was kind of puzzled on it, you know what I mean? So I get you. So one thing I can help you with is that you want to always. is read the actual notice. Yeah. Check the notice.

Jump over to My Money J.A. quick and fast. You see it and just read the actual notice. Yeah. Or ask, you know, you can ask the AI about it. You can, yeah, but you want just read the notice. Because then I was saying that, you know, it's, it tells you. In fact, the first sentence says the meeting, which was originally convened virtually, September 10. Yeah.

Yeah. So the detail is there. you have to work with you have at least follow through because you go for just a screenshot or the headline alone yeah yeah it's like you get some you get you get you get you get you get thrown for a loop sometime if you do that yeah yeah that's fuck yeah well i mean you say you're not you're not attending although you could if you want it's home to the public oh well i don't think i go have that time so we'll attend it because it work on thing you know I get here and it is 9 o'clock in the morning right yeah yeah uh yeah well you know i went to one on the e jm when i was till a share well i think it was last year september

or something like that okay when they had that new chairman come on and thing after that i just let it go you know so like you get burned a lot of us Don't I know it, my brother? Yeah, well, you know it very well, eh? I know it better than most. Yeah, yeah, indeed. Little than most. Well, I wish you luck, I wish you can come out up again.

Ah, well, you know. You know, wish you, the market does what market does. Definitely. Definitely. Yeah, but, and that note, since you jumped out and you jump into something else, what you actually like in these days. What's been making your September? Nothing has made my September, to be honest.

The only thing I have bought in recent times was between from like June to now. Not even June. I only trade it bought two stocks from like it's just JetCon and Trans-Jamaica. Yeah, but something like you all great a time by the. Yeah. have to buy something no oh well i didn't buy anything though in september so you're not

have to buy no no you're up in a september you're good oh sure sure yeah or if it do even go up and it's just something you like maybe you're happy that it's not going to you say i already even see a news in you say no something like that news yeah yeah that's fuck but well something that i've been watching go down is week tan i've been watching it go closer to other so i'm like okay i see you go one-on-one today yeah so and i see some big brookal links so i want up one there at one dollar and ninety one cent i mean wigton is i think is that is a stock that benefits benefits from um they benefits from us being here on this live right now not really no but i know i know i know you think so you're when people you figure they're

talk about it on it go off right no no i don't mean like that energy use oh yeah well yeah true turn on the light it's so many say we drink a cold Pepsi yeah oh well wigtan benefit maybe what does it benefit more from consumption are i tell wind oh yeah because Yeah, to me, I agree there because it's not, it's not from the angle that more, oh, we already cover the usage that we can, we more than cover, consumption already covers the usage that we can't in it. And so, yeah, I think, I think of you know, like GPS buys oil last in that sense. They're going to buy a week ton.

They don't go buy a weekton energy. Yeah. So. They legally have to buy. so as much as they can produce it will be sold and them care produce enough for the grid so they have to buy

Wigtan first that's why I see it doesn't actually not necessarily first in the sense of boy first in line but in a way yes they have to buy so anything Witton produces JPS has to buy so JPS has to buy

so JPS JPS uses way more than Wigton provides Yeah, yeah, true. If more wind blow, then more, then we definitely have more thing there. More energy sold. Enough, enough risk cable, basically.

Enough risk cable for weekend to produce enough to cover all the J-PAT thing there. So I don't reach, I'm not watching the consumption side of it. I'm watching, I'm looking at how much is produced from it. Because more, as far as I'm concerned, more production means more sold. me losing more energy doesn't make we can sell more I might from a con from the consumer consumption side we do have impact yet maybe they get more and yeah maybe one day we'll fully offer I'll think but as it is right now no okay yeah how I see it is since since since the yeah since the pull is the same no matter what

the pull is as much as Wigton can provide and what they have what they contracted for then the wind for Wigton is in wind the W-I-N is in W-I-N-D right meaning how efficiently can they produce what they're gonna sell anyway but the cheaper they can produce the thing is the more profitable it is for them yeah yeah yeah yeah it's like a constant pipe it's like you're gonna we're gonna pay you $200,000 at the end of the month as long as he give us this much energy. We're gonna give you $200,000. So your gain now is in how efficiently can I produce that so that the 200,000 dollars that I'm getting is what it is. Yeah.

Yeah, I might be oversimper. I feel like they leave something up. But there's more in there. No, no, no, no, no, no, no, no, no, no, that's very. So it's, it's, yeah. I think about that more because I see that anger they say they're 200,000 though

I mean they have a quota on production if they produce more of what happens a good question that's why I think I don't know if it's 100 that's why I say it might be oversimplifying but also I know that but we also watch win because we watch production we know that when they produce more they sell more

yes is it that is the quota arrange or if they produce more then not they've got off I don't think So I have a look at that better. Half a top of my head. Off of my top of my head, no. Obviously, they get it, but I thinking about what the contract is,

how the contract is set up where it has sub, as periods where they like, you know, they buy an X amount of energy and there's a price that they do, and there's a discount to the, whatever the, the, the, the, the, the, the, the, the, the, the, the, the production is with oil. But obviously, obviously, the most, produce more so yet still come out onto the same thing how efficiently you do it

they have everything running as well as you can and you get enough wind to generate yeah yeah efficiency matters a lot to me it's the thing i think i think about the production it all right so i know that if efficiency they have a quarter but do they if they go over what happens i don't think jp is turned i mean it must be bar it must be It must be bought, JPM is not going to turn it. Yeah. So that again, it's people on out. But must it be bad.

I don't know that they turn to it. I don't know what the battery storage, if any, is on that side of the whole thing, right? So suppose you are. Yeah, like if I'm tapped out, then. Yeah. I'm getting everything, you're giving us concept, like you're meeting your percentage of consumption, but like if you're getting, like, if you're getting, you're give us more without any of the stories right now in fact i can't take it in on story yeah exactly

hmm although do they also only operate on on storage basis i just mean for what they do for what they do they must that's the only way that they could like if you if you're giving us more than we have like we have generated x amount without wind and y amount with wind and consumption is less than x plus y even if we change a mix a bit if you if we're if together we're just getting more than we need from you it's not like we can store it right but i don't know for sure i know how to find out though but that's a whole in my thinking but i don't think it changes the point it still you want to breathe as much as possible more much as not as much as possible but

Yeah, but you aren't breeze. Because you think about that, if you produce too much, then that is definitely a rate of inefficiency, because then I'm producing and outselling. I'm actually adding, adding rare and fear and problems, and my operational costs for no extra money. Yeah, that's very, very interesting. Well, I know is that if you go deep,

the deeper you go in Wickton is the more inclined you are to buy it. and buy a whole lot more of it. You see that it's one of those things on the market that like, 10 years from now it's still going to be here. But it's still going to be used it as they'll be listed. Who knows? What, do you think they'll be delisted? I mean, there could be delisted.

There's loads of ways in which they could be, in which 10 years from now it could not be on match, right? Yeah, they could be delisted. in fact it was up to me I would have I I'd love to have them delisted in a right way I know you're gonna have the my money data center soon I mean so I just make that joke man I get you but I don't know you're saying soon in the past when I said deal is still I mean I mean like it could be replaced by something better right something nice to come along and the thing buy them and list on its own and it's very

nice ways that things can be the way to be listed in true i think maybe the barriq sumo or shows an example of that yeah i'll be around i will be sticking around in the market so i will get to see what's going on i get you god's willing well what's the other stuff you You said Bigton and another one? No, no, I only said Wigtown, man. I was just looking at Witton going down and think. The only other thing that I looked over was I saw Qantas do like about 40% in the past month.

Qantas? The newest thing. Yeah, yeah. 40% movement in the last month. But you like that? Don't like it? Any topic? No, I just say.

the move and I'm like okay you know look like some people are happy I'm sure some people are happy what was the IPO price you remember I don't quite remember but it was high thing was like 18 or so high 18 or 19 why remember I had a dip tool so you know yes it did right on listening it was 12 cents US or 1939 41 channel can and it closed today at 2167 so if you measure in from IPO it's up 11% there's up 11% a little over 11% if you measure in from it's funny you say that had a dip after IPO so that means that not that 11% on IPO isn't great but it is much after it dipped right yeah yeah people were thinking you know that IPO fail Jan no that's the time

like the people who like oh god I wish I never put my money in you that's like after the time when the gains would have been made yeah yeah you look at it if you buy from like middle of august if you bought it at like August 18 there's just going on for the one-month thing here on my money it's 45.2% correct 45.2% profit and something that the people who held on from IPO would be at only 11% from me you're beautiful to my office

marketing so nice sweet to you yep and you realize that even when it was oh say 19 IPO was 1939 even when it was

at september 14 when it was at 16 even when it was at 16 those people were up 13 percent they were up more than how the IPO people are up now when it was still below IPO price that's one of the great things about the man that's also why you can can just trust the headline line we definitely miss that yeah big up editor i mean i glad that you're glad you came on at the yeah i'm looking for here from now yeah yeah man i'm gonna jump off now but i also just wanted to hear what was it what was september for you guys so talk away i want to hear but i'll be jumping off now yeah man big off all right uh thank you to editor and i'll say everybody

you can send a speaking request we'd love to hear from anything you want to hear us talk about any point you on to get into. It's a nice, easy episode tonight. And on that question, what you think, Danay? What was his standout so far for September? All right. Boy, second, I'm sorry, bro. I've been doing transfer, chance I make a lot for the September. From personally, that that's what I've been doing a lot. Outside of that, I mean, seeing, and I would say from my client,

So check on has been beautiful. Jetcon, yeah, yeah, Jack. Jack on. Up 8% so far. But year today it is up a whole lot more and so. Year today it is up. Wow, well, 173% your client's supposed to happen. Yes, sir.

And think that even, I just even think that like, we can't add the highs and lows since September. It's been very interesting, bro. Since September, month today. highs and lows. Yeah, you can do think

the they do the yeah too. So month to date oh yeah

wow yeah a volatility so like yeah after the big jump and it cool down

and the like even like there big jump in August mm-hmm there's

some a good amount of cooling down going into September you know so

to me when I saw that, that was a great time to buy Jack-Con. And I saw it spike, all-time high and everything look nice. Yeah, man, it's a great time to buy because it took me, it's very likely to go down. And we can get some out of this. And here again, hi again. New all-time highs again. All-time high. Right, sir.

All-time high. Yeah. Yo, you're right. Look at how your clients should be very happy. Looking at how just quarter to date. So July, start of July, 2, 260. It's low on this, but if you're starting the year, 260 is great. This thing was below a dollar.

Exactly. Yeah. You know, July is a good market for me because it's, you know what's coming. When you know how slow the market is, and from like an expectation basis. Oh, yeah, this thing, do report certain things that we've had. two horses of it's showing really good so far and I know

I know when it go ahead I know when the report will come out I know when anticipation going to peak and it's there's a time

when it's just in front at a certain point it does I have to spend the money because I'll go make it yourself yeah yeah

I need a little 20% and it was it was kind enough to give me it And even I was taking it off as like, I want to. Do I want to?

Do I want to? Right. Whereas you have Jason wise jump on. Mr. Oh, left you there. You got the back signal, you know, bro.

Yeah. From Jason to Jack Con. That man love Jack Con hard, boy. But, yeah, just like that, that neatness of rising is high, and then it goes quiet again.

Yeah, man. results drop August and a little, I mean, movement in terms of the day before results versus few days after results, but nothing great. Dipping more and then, boom, rising again now. Dipping more, I think you might say, well, it's a, yeah, it's almost textbook. Yeah, with deep lows on the day. It's a good, it's a good listen for other people, or it's also something for me to, definitely. It hits me because I started the year. It said as I was I think Saturday year and that right before the year start I was the same question I was asking. You know,

oh, I'm a reach up in the portfolio going to that one thing and whatever and it's There's a certain point in a stuff that probably my clients will probably hear me say it again Well, because I've been saying it's all. You can you know that that's a certain after coffee just hit it a certain way within the realm of this. That idea that stays with a certain way. Which is funny because I have just an aside, tangent, of course. I think I've recognized that in myself and you

and I've played against hearing like people listen to a lot. We hear both talk about certain things a lot. We hear next big investor. Somebody mentioned him recently. Peter. Peter, yeah.

I can remember that's his last thing he did. Lynch. Yeah. Yeah. Everyone then you hear them, you talk about, you talk about it. Every in one then, like, in a certain time period, I hear them speak about a specific topic or a certain idea, a lot within a certain thing. You know, at a certain timeframe. You're like, no.

But then, when I used to watch it, it was like, oh, you know, I used to think of it as something exhaustive, like over them whole, I can talk about this a lot. But then I realize it, oh, they're probably going through something right now, within the, you know, within the thing. their investing journey that they met them just was zoning on this one idea so hard but yeah just the idea of you know when you're on both sides so you decide of before you buy the stuff you have a lot of money in front of you the thing looks a really good bro i we it hasn't proved itself at all yet so as far as you know it's speculation this company going to turn around and this is the right time to buy it if i want to make a lot of money if i if it goes wrong I can lose a lot.

Best case scenario probably, I don't get nothing out of this, right? I waste time. But the reality is, I'm at an infection point. This thing might not really, if it hasn't, I've seen all the signs from my side.

I've given myself a lot of reasons why the right time to buy this thing. But I know that there's nothing solid outright now that can prove it to me. But if it proves itself, if it does right, then yeah, man, it's got me call out of money.

At that point, if you buy it now, you're good. And the truth is, for all these stocks, you're in a misfit point. Even past that point, a lot of times you can buy the stock. You can buy it. You can have that moment. Pass the check on below a dollar. You can buy a lot. You can put millions in check on bill a dollar at this.

At that point, when was it in there? Before, yeah, Saturday's here. If you put millions, you could put millions in check on multiple times throughout this year. Not below a dollar, but. 26? Oh, I was going to run stock. I was looking at the stock that that's making me think about that again. Oh, oh, as in what the Jack Khan two years ago, year and a half ago.

At that point, you could have put millions to Jack on and it would do what is done so far with those millions in. You would have to buy another cent. You could buy more after that way when new money comes in, your base would be solo. You don't make so much money if you had just done that. And there's a point very often where if you do your research, you read the right things,

the company is saying the right things. And I know, yo, if I do it and make a offer money here, if I don't, it might be a big risk because it hasn't said anything. It hasn't done anything to really prove that. But Jack,

Jack Khan was that. And that's a good lesson, not just for Jack Khan, but Jack Khan teaches that lesson for, for, you know, it might help you identify again when you're going into something else and you have that feeling again, what it should be doing, what it should be looking out for.

And maybe you find the next big opportunity looking at Jekon like that. And Jekon is the only that this happens for. Transamerica is a great example on that a couple of years ago. Even last year, even year before that. Every single year. Yes.

It's not that the thing is done the moment you met that big jump. into it or you can even miss the first you can even miss the first thing the first sign of it and then you get even better proof and you go into it they're often feel like oh it don't know you know if i if i if i if i boy i could have a bad get a car below a dollar and it gone to one fifty now i don't want it and this is a shout to a specific client i hope him listening because we've had too much econ conversation for you to not have more but the road the man show me end of last year he showed me the notes that we had at the start of that year where i was outlining

that he needs to go into jack-con and then he mentioned me multiple times about jack-con and his ideas about it and never by none pain pain a pain i think we all know yeah but it's the same thing it's i have all these reasons i can give myself more reasons that are getting further proof and the proof The proof is just, all right, there's more to, there's something big to happen, there's more to come. And sometimes the movement that we miss, be determining factor in why we're not getting anymore. We always, definitely people will always see like, we're done. We want to reach the end point of this thing. We want to buy the stock, make the money, and then find another loss, find a new thing.

And we often reduce any movement in that, any good movement. If you move 30%, I'm done. I don't want to buy no more. I miss a 30%. If you bought Jackcon at 130, if you miss check on at 1.30 because you're never, because you size at 1 and you never bought it, then here it is at 4 something.

Very often the story not done, we just see in a piece of it. If you can give yourself the full story, then even better. But very often, it's not done. people that sold Jack Con and are tend to buy it back and usual why you say it's like you drop when you say you should buy it back now but I thought we were going to something else and you don't think of it like that if we can't find our next stock we get around to stocks all right guys there's very very often

couple years same year same month or it take a couple years I own this stock and then I'm back here again in a different play making good money again because we don't think of it as oh company is done after this one moment yeah it's a story and we want to catch the right piece of that story at the right time for us check on was really good at IPO and all these big movements and record profits then do the stock split big money and then it's all right after all those highs not much is happening the business in kind of the business is looking rough right

now and here we are again with a complete switch imagine you had written it off because after the split everything look ugly and i don't want to be again well then new new business completely turn around looking for someone else imagine not doing it just on the basis of i use about it in the past i think i think it's done and not a lot going back here well i can change in a company good or bad and that and both of those can be thing there and both of those can be the next thing for you. The bad, you, I always said to Randy on this thing there, when Randy, when

Jack I was going to tweet bad times, he was saying, I'd have to buy it there and he's on the show. Because he knows better it's coming. It was a matter of time. Yep. You can say Jackal and buy it. It's the ugliest of prices, bro. Yeah.

In the rough price of those, what bill or one dollar, you were buying. And yeah. And even the quick moves, for the people who want that sort of thing. Yeah. Like if you want the quick moves, you have to get used to the idea of not, like a listed company is a hard thing to kill.

And it will, meaning the listed companies, most of them will have theirs ups or downs. And if you want quicker moves, you are going to have to be predisposed to the companies that have great ups and downs, that great volatility. You have to have that.

Because if the company is just stable, strong, everybody know it's good. You can always get to all the shares you want. Then the share price is going to move negative 3% every year or 1.8% every year. It'll be another Wysenko or another Panjam. No. I always say Panjam, but yeah, maybe Panjam no.

Over the last few years. If you go back further, you know, Panjam, this is Panjam. Yeah, you have to get used to understanding what you want and what the thing that you want actually looks like. Like what look, it looks like what you complain about, 90% of the time, almost always. Bring it back to the same Buffett point. Like you said, a lot of the things that we hear the truth seems, it must have been what them going through at whatever time, right?

You said that and I thought, I wonder what Buffett was going through when he said, be, be fearful when others are greedy and other others that kind of thought it definitely come from somewhere bro i look it up he first said it uh were we 40 years ago ago 1986 was the first time he put it in anything at that point you'd have been investing for let me calculate it the mois said 1942 when the first purchase but that's not i think when him start professional was yeah wow 40 years um 1956 30 years sorry not 40 30 years so 30 proper years of experience adding say oh and i came looking back and go yo just be greedy when everybody was he thinking about every time it went right and every time it went wrong

and that thing just lines up so well with everyone others. Yeah, like every time. He didn't just get that thought all of his said, right? You hear him say that it's so easy when he said like you know this thing, but he got that knowledge and he's talking about himself. Don't think that he's talking about it from a person. It always went right. It's, yo, I remember when I was fearful and others were greeted

it and I should I just I should have been more greed I should I be greedy too and on the flip side I should I be I should have been a fearful one cause boy the investment I'm gonna do something else you do quite look ugly right now and on and some else sometimes it's just selling it yeah he's been there before I know don't feel like it's always been right for him to get to understand it and get it right in there yeah you have ups and downs but very often you're under one moment and thinking more than you know the one thought and just aligns a lot with that thing there and i've been here for a couple years now with that one idea i say yo and too often i've i mean that's to say i've missed like because

i've been there in the right place for a lot of these plays right but on the flip side you tend to think about the the the bad ones more than the thing they more than the good ones you're hurting more. You more emotional about it. You feel more this and you learn more. You learn more there. But yeah, how often you miss a play that you know you should have been. Too often.

Oh, we miss a play that you know you should have gone back in or. Oh, no, just spend the money now because it looked too good and you can't think that. And you can, you can do really well here. Oh, geez. no, that's life. But you're going to do some else,

yeah, at any given time, think about it. You know, at any given time, you can find two, you can find a play right now. You can find a player right.

You can make the case for yourself to. I have. To yourself for it and you have, I said, but why not? And you might have a good answer. But that good answer

sometimes, might not be the difference between you and 400% profit in a year or what's the next transamerica that idea can bring it there i mean yeah but funny enough like we did that well it was it was the last week or before and or maybe it was whatever it was just in the last half of the show and and there's no lightness to surety that i have like i know that i know that that i i that i I've picked out the next, out of those picks, at least one is going to be the next,

quote-unquote, Tranjamaica, because it is, right? So then my fight is with something else, because when you can find two or three of those, that's not the hard part. Also,

think about that, that idea here, now, where both have that same thing, where he said, all right, I'm looking for good companies, because the money can I get big.

Right? He's like, I'm not doing the cigarette, but I'm not, I'm not just taking a 20% in two months and going. He said, I'll get something. I have to buy something more than so because I have to get in and out. And so the pay have to look different. But that same idea is, you know, I don't think we're there yet. We can still shop around in certain ways. But at a point of asking, at a point, you're going to be like, all right, I have to buy this thing and sit in it.

And that is how. year 20 is going to be amazing. And it also, it. And it's not that it's either or like, oh, one is good and one is bad. It's just because then when you hear Brandi say, oh, they put 100, milpont transfer maker before, we could be after, look a bit before, you know, when the year three coming up because they were reached out to the debt right now.

Or the next week, reach out or kicky properly now. Mm-hmm. then that's what's how it is. And then you guys say, boy, but you're, you miss check on, bro. You miss, you miss, you miss, jamty unit went into split and that's the way here. And you like sometimes just, I say, go. But we miss that when we get this and if you check it,

the two are them good. Yeah, that is something that I try to tell people like, girl, not try because I, well, I said different things every girl, but I try to include that as often as I can. Having people understand that, once you learn this thing, once you learn this thing is not,

you realize very quickly that picking, quote unquote, the next transomac, the neck hot, the stock that's going to fly is not the difficult part. I know it's not the, I can say that with so much confidence now, because only do I know it and I've always felt it, but I challenged myself over the years, and go, you, can I, can I, can I have somebody, can I do a control? Since I do it, maybe something wrong with, maybe something special with me, can I have

somebody else to do it? Can I teach somebody else to do it? Can I teach somebody to do it without me? And I've seen it, right? I've seen it so much. So I know that, yo, that is not that part, that part that you think is a hard part is easy. It's very, very easy. It might be getting a little hard or not, but it's easy. The hard part is, like when you pick the next trend, Jamaica, the hard part is not 2026 at $10. It's 2022 at $1.1.10 at $1.20. That's the high part. And I said what I tried to get them to get there is that is not,

because you have no idea of 2026 in 2021, right? In the same way, but you're looking at it now backwards from the perspective of, oh, what did it work out? Yep, yep. That's not the first thing you're going to have then. You're full uncertainty. You actually don't know. You feel it.

You don't want you to know. You might be convinced. Vensed. Yes. You're wrong. You got it wrong. That's a funny thing to what. Let me not go down that other tangent.

But like let me touch it a bit because I don't want half a sit and don't say. Anecdotally what I have found then I is like in the people who, because when I'm talking about the the breadth of people you know I talk to, all different slices of the investment pie. The people who are sure they're correct, but the market not getting it right. And then eventually it leads to them costing the market or them hate the market and the Jamaican market irrational because it not blah, blah, blah. Like when the people that are sure they're right, but the market hasn't gotten it right, are tend to be in my view the people who never get it right.

The people who I find get it right, but don't know, a woman tend to fall into this bracket a lot. People who get it right and have the great reason and actually get it right and just up what, against what I call like the time of the market. It takes a while. Like you thought that because you saw it,

it's obvious. It ain't obvious. Everybody's not seeing it. you have done a little bit more than other people have seen it and you made the expectation you developed expectation in your mind that this thing is so clear that it must be right but then it's not happening and it keeps not happening and then the people just bring it back to the rest of the difference in the people who show them have it right and the market is wrong the other people the people who I find especially tend to be women are the people who think

oh I got it wrong why I just don't know this thing I got it wrong it makes me think maybe women are a bit right about the male ego because how much time on this show arguing with a man about how right he is about something he's wrong about yeah too much yeah yeah you will improve me in the same right yeah if i'm gonna say something and then we are all right but you know i don't really convinced i i i feel this way whatever but maybe i'm just wrong The thing I think is we as man, we arrive at that feeling of certainty very often, very early in it,

or too early in it maybe, and then it will feel that we won't have to test it properly. But even in ourselves, when I'm at the point of feeling too certain, I'm probably in true that is my scariest moment. It's actually sometimes hard to press by when I feel like I get there too easy like I said to myself

and that actually leads very much into the uncertainty of buying the thing that I feel is this is gonna do really good I should spend a lot of money here because you sit down here like what could I be wrong about though what could go wrong here?

Yeah. That certainty is scary because it's like you know so skill you too. I know that why you feel so? But

But that doubt, that doubt is the, anecdotally I've seen is the difference maker. So what I find is like, again, anecdotally, what women would say, okay, I got it wrong. Man, I didn't get it wrong. The market got it wrong. Yeah. Yeah. And so those are the people who are still waiting for signals to pass. I don't know.

What was signals that disease? Is it that 30? Yeah. Yeah, they're still waiting at, they're still waiting on signals to get back to, to, um, whatever price they had. It, at what was, they did an APO at their APO at what, 13? Oh, my God. Okay, wow. Wow.

So yeah, there are people who are waiting from 2019, from them times for you to go back to that price. And they're so, and they're so sure also that, like, that is the way to do it. that they'll also not buy anymore. Or you have some of them a different set who will buy more because they're sure. And when it flies, it's going to be great. And you're right. But they decide that, okay, have to wait one year or two years. So again, they make up the thing in mind that is, I think, the most important thing.

Instead of looking for actual proof or concerned that, you know, maybe what I think I have is wrong. So let me look how it actually is or how it actually go. Those people tend to be the ones who are getting it right. right and they don't know why they don't they just don't get they don't have the time in perfect and other people are people who show them have it right and everything else is wrong the market is wrong jacques is wrong jacques is wrong jacques are wrong jacques are wrong jamaicic We've got Nasda, Bitcoin is much better, yada, yada, yada, crypto, Forex. But it's just because you're not accepting reality.

You decided that you build your own reality and you vexed reality for not matching it. And the ESL market is never wrong. It's such a subtle thing. I didn't want to go down this tangent because I know I'd lose the first tangent, which I have. But it is such a weird thing I've found in the words. of just how people describe their decisions.

The why makes all the difference. The why and the why, like, even on here, that's where I ask people the questions. I try to help them to see it, that, yo, why, why you think this is going to happen? Why do you think that's going to happen? I keep forgetting his name, but the guy who, I remember,

his thing was Fesco was supposed to be over $7 now. meaning no in the year, 2026, this part of the year. I think August, 26, actually. So now in September, it is where you expected to be. And, well, I mean, it's not the first time we've interacted here. So I hope he gets it. And he seemed to be receptive to what I say. And I hope him get the actual point over that, yo, it's,

this is predictable. It's predictable that fiscal would not be at $7 no. But you have to work with reality of what the market is actually made out of, right? What is 17% up for the year is great. But when you're telling me this is, it was at $4 out and it was, hey, no, it's going from here, it's up to seven, right? Or three odd going up to seven. And I'm like, no, no, bro, this is March 2026.

This is the, like something is happening now and everybody is excited. it's happening now they want it to happen now and like so many people are talking about it and referencing what is it 2022 when the Putin thing happened put you on 22 and it's weird how they're referencing it but not seeing that it's if you think it's the same thing then it's the same thing then right if you think oh you know war on the other side of the world affecting oil everybody is where it out, Putin invented Ukraine, oh my God, here it price fly because, and the reason given is that gas fly. And then all of those were true, but and it did go up to six odd.

And then it slowly made its way down for the rest of the year. And I think a nice way. It could have fallen much faster. Yeah, yeah. But you know, you had some good amount of exit points. Exactly. But it had some, it had some painful dips. sky dip and then you get a nice rise oh it's okay deep nice rise oh it's okay deep oh nice rise back

and you think oh it's okay deep and also if you're not aware of the thinking behind it you are probably buying along any of those rises or dips but it's a constant down that could be predicted right and it didn't last and here comes 26 and there's no war in the Middle East and the straight of hormones and it's up, it's flying up to four, why would you think he would go all the way up to seven? And it does go up to seven, it can't stay there and further know that can happen. And later this year, like what kind of war do you expect? He must be nuclear war.

But for you to be thinking that like it's not it. No, that's not really like this is great. This is great. This is one of the highest. I think at that point, it would have been the highest that check on. Yeah. would have gone all year. FESCO.

Sorry, him with JetCon. Sorry, FESCO. This would not happen with JetCon. You get in a spike and then you get in reality. And think about how many shares that the thing exists. That's all is the downside for me with FESCO. Fesco have 2.5 billion units out there. And it's widely held.

Like it's a mini-trans Jamaica in terms of it spread. Very, very wide. Yeah. Top shareholders, though. I don't think the top shareholders together. And that's the thing, very wide of hell, but not a lot of strong action from

heavy money. So you get the spikes, but so staying in it is not a thing, not a very easy thing. Yeah. Sometimes I feel like it's Barita loan player around here. pain heavily yep which which kind of means I think you know heavy movement heavy volatility they'll get cash out of it and they can move on the one and the two

percent meanwhile you know everybody else yeah I don't know it's like a transomeika without without without the powers behind Transamerica yeah I don't know the whims are the base yeah so if you if you if you just it's not a woman we'll meet we can't be optimistic. Like, because even in the other times, like,

it can happen. We just don't believe it will. Yeah. And that's not bad man in the company or I think it is bad or anything. It's just... I'm not really seeing the thing to get it there, you know? It's not,

as far as I'm concerned, it won't think. And maybe the right people do the right thing. Or you're a play to work out. But I'm not convinced that it is. Yeah. What I was saying to people that were telling me still. I hate to be, I hate to discourage a play in evening.

To be honest, I feel like I fully like, no, no, no, no, that I can't go so. I am fully convicted. I hate the discourage of it. So even people came to me with it on the table and yeah, but it was never my strongest. It was in the line of beliefs, it was, it was nowhere near strongest. it was it can't happen because I don't really believe so so yeah they'd have to have something special really special happening for for for that guy I'm but even even

then think think about it and that is also a big factor for us because I've it has something special happening I'm not seeing anything that leads to that I'm not seeing a setup for that I'm not seeing any news or anything in the reports anything from somebody saying the right thing to leave the direction of oh yeah man something special happening for these guys right now so i am i i could i i can see some stuff happening i can't see but not i don't know how you likely that's it i mean i can see stuff happening but is there anything right now that's making it i can give you anything around that play that will lead to that Yeah.

I mean, I mean, and specifically for your whole definite it is for you. Like, are you building a play around something you're hearing or seeing for Jekon, like, for FESCO that will make you say, yeah, man, I need to get Fesca right now because it's going to save on this. No, no, no, no. That's it. He's like, I can pay possibilities to the kingdom come. Yeah. I don't have enough certainty around those possibilities. Yeah, yeah, certainty is low on it happening now, but I am because I'm expecting them.

If they happen, it's just not my schedule, right? So if it happens, you know, I could be wrong too. So if I did the same thing. It should be right. It's a big part of it were I only know and see so much, right? I might see a lot. I might, you might think I know a lot. might think and allah but

very often one of those possibilities is being worked on and then it just comes to the front and then the play the play starts yeah that's I think with Jet keeps in Jetcan but with Fesco

I mean I think the LPG I don't think they've truly come to fruition with their LPG lines I think I think so too at hard I think it can come on rhyme very strongly I could see least think

Yeah, okay. I could see them spinning off the LPG arm as its own listing, its own business. I could see them doing it. If Barita is still behind them, I could see it being priced, right? I could see it being done in a way where there is, there's benefit for JetCon shareholders. I could see them doing like a dividend in specie. But Jackcon, I'd say in check con, boy, JetCon, please. Jason Carl, him, didn't think them read them, man, brother. Yeah, man, right. no beer patchy on can do it just no subsidies yeah yeah i could see i could see i could see i could see i could see them doing a spin-off at that side of the business that's also work for

for fisco um i could see them spurred to do it because the lpg side of the business includes the lpg plant that they built and that they got some hiccups on but they have some they're tied up with you know legal side with with actually getting the whole thing going and that, you know, the money burning, even if you have to go lawyer's side, there's money being burnt in there. You're not on time. You're not on the time that you want it to be on. So there's money being burnt there.

And so you get pressured so much that, hey, it's actually better for the business. If you, let's carve off, let's carve off the LPG side, have it raised to cover the plant costs and consolidate itself. and Jetcon still owns they'd have to go below they'd have to go below 20 can you imagine JetCon owns 20

wow what have they done to us and really we've been doing it all night wow can you imagine Fesco owns 19 so Fesco

but it doesn't matter Fisco 100% no. So Fiscal owns 19.9 and go selling shareholder for the other, you know, 80.1, selling shareholder for the 80.1 and the company raises the other 80.1. Sorry, not the other, that doesn't make any sense. They go selling shareholder for the other, the remaining 80. You're not allowed to go selling shareholder for all, right? So you go selling shareholder for what is your remaining 80.

or 30, you won't work out so that when it's done, the company raises, you do selling shareholder for half, so you have some cash coming in, and then the other half is, you know, from the public, invest in public, or maybe the 40 instead of 50, and in the last 10, you do a dividend in specie to Fesco shareholders for that 10, right? And so the listing, when it's complete,

Tesco shareholders get 10% as a dividend in specie. They get, it's almost like MJE all over again. Yeah, CzechCon shareholders, Tesco shareholders, get 10% as a dividend in specie, but only if you know you hold your whole this year is for like a date, I don't know, record date is like after the closing of whatever the thing is. So it's still good. So it's during that time.

So people who bind IPO also, buying fiscal in order to benefit from that dividend in specie. And you do even have to. You don't even have to. Let me not do all of the consultants work. Yes. So they do that. And then you raise also and then they're below 20%.

So they have it as an associate. Less than an associate. It's not an associate. So it follows the rules. And that pin off thing is still, it has like deals with, with FESCO, it's distributed by their, blah, blah, blah. So FESCO wins both ways. The thing is listed on its own.

FESCO's shareholding is also great. Fiscal's shareholding is being, Fiscal generates a whole if I'm a cash from carving off the thing. So they handle a lot of the bills and also FESCO itself gets a lot of money to support. The entity itself is good if the price it right. I'm sure if you price at a dollar, price in such a way that FESCO got it for maybe 10 cents or whatever because they did the initial work, blah,

blah blah and what the hold is still massively appreciating and and they could get pressured into doing something like that if what has happened to them with the LPG plant really hits them money wise or if Barita's song to want to generate cash is super good for LPG because it's same idea with Barita's fun and I think I think the whole fun play and real estate being a strong part of that if you go into any level of real estate you're going if you're going to real estate here so you you have schemes or whatever then you can't do in there you can throw supporting businesses around that really well so oh yo people if you're in this scheme then the the the first cut LPG truck go that way you know you can be one better

you can you can have the strata for those places you have an exclusive deal only only fiscal can supply LPC and that's my thought a long time ago for them that yo if you do it if you're doing that level and you have both of them do it together

yo you can go one step further you can solve the Barita fund the real estate fund could help maybe solve the Fesco plant issue. Oh definitely. So the Barita Fund buys the plant, handles the legal side and gets a cut. It just makes sense, right? If you're doing all that. Yeah, yeah, yeah, yeah, yeah. And you do it on three sides. That would work so great with an IPO then because

Barita comes in as funding to solve the, take the hit and solve the land issue, but the land that the thing sits on is now actually owned by the Barita Fund. And then Fesco, and then Barita is technically not linked in any way at all, to, not in many ways to, so it can be done. It's a contract.

It's not happening. Yeah, exactly. We just come in, we came in and we get an extra amount of payment. So it's a fun, so you have a longer time horizon. It gets all of the,

it can take the hit up front and take the long payment. It's real estate. It's actually real estate. And then Barita itself, it broke us the deal with the wish. And they also being in the IPO and can also fund maybe the third entity, the LPG entity, to do all of this guy.

It has to pay for it. So that's the death cycle. And in Fesco themselves is getting something off their books in a bad way. So they love that. And then if they actually do the first battle, then it's a win-win for both. You can find yourself for the extra $2 or $3 billion in two years in that, if not more.

Maybe I'm thinking low to answer to a $2. You eat every which way in that, bro. Yeah. But you're fun doing it, you're doing it. And the jazz company are all doing it. So what I said is so real to me that I am always leaving open a possibility that that could have. Because if that happens, somebody just has sense and do it immediately. That could happen.

Exactly that. Exactly that. I'd have to rush it. And Barita would also, and the funds, a bunch of other funds would also suddenly get much more aggressive in it. And if they're bringing any other, and they have so many entities, right, they don't have the JN now.

So maybe, you know, maybe you move. Suppose these five out of the funds have to, each of them have to have a stake in, because you're mandating what happens there. So each of them have to have a stake in FECO. Oh. Those.

Up to 10. But that kind of thing is when you, you look at that possibility and you're like, I can't tell say it can't happen. And that possibility is real now. Also, they all this parking from a long time, but them and Massey gas,

buying IDL. Yeah. Or IGN is older. They have a strong steak. Very often you're there and you say, all right, cool. I can't tell you said that this is not happening. It might be,

they'd go slow show the sign properly yet. So Ikear, you run behind it and say, yeah, man, good play. That's what's what going to happen. So the thing you're saying, And very often, you like people will come to you with a play and how often you say that where your reason for the playwork, you know, isn't very reason for the play. So then they had this play out of the one.

You said, no, it's not going to save me, you know, but because this other thing is happening. Yeah, yeah, yeah. Or are very, very, very, most. Or we might be in the, in the festival situation where you're telling me, say, yeah, I'm like, I know that if that thing happen it was going to send I don't think you're thinking of anything but maybe I can go and hold on because the other thing might actually kick you and do anything so you think you're the player the stock you're buying and the things you're looking for are very much a possibility in fact you say within two three years

yeah keep it's the money you know the money got but the play you think you're making isn't the actual thing that's gonna get it there all the time that's All the time. All it does. I try to ask people things I met them seat and people always, I find them stop the conversation. Yeah. With 40 and 50% where I'm like,

yo, I just helped you with just putting the blocks together, you know, just laying out the blocks. No, let's put together and them stop the conversation. I'm like, I'm stopping good.

No, no. We're both together. Why don't you? The blocks are, you know. Because the blocks validating thing that they want to happen. And all they really wanted from you is to give them something about confirmation. And they don't understand that.

the confirmation that they took from you wasn't the combination you're giving it. You just want to hear you say, yeah, man, this can I'm. Yeah, I'm not all the time and they miss the actual gem of what. They miss it. And then think of how much time that happened and they missed the full game. You know, this is a $10 a festival of a play and you left that seven because you never want to build a house. You took you to the blocks and the blocks took you to the seven you were you were asking about. I was actually outlining 10.

Where I find that happens a lot is, at least I go in off what the stories I hear from people. Closer to me and people in a group, and I'm explaining things over the years is like, FISC cutting, that first got thing happened, 10, 15, right? Let's say, if I want to put a realistic timeline on it, I've said enough here, but I want to put a realistic timeline on it. Let me use something else. You select, select MD. Next big thing is the D-listing and the steps before and after D-listing, right? I know I have actually explained a lot of that.

I laid it out from a long time, long, long time, more than a year now. We're at the point where we're waiting, waiting, we literally just waiting on Satuorikor to be ready to do what they're doing for themselves, right? And they may be waiting for the Scotia to finish that cash can go out there and they can get them on their own. I don't think they want both of those things in the market. Well, sorry, the other way around, I think they do want both of those things. I think they want to be happening after that when a lot of people are getting that cash. They want people to be thinking of both are the same things at the same time.

I think that's what they'd want, right? And I think a bunch of people planning on that money too. So a bunch of people have that in mind. However, if you understood that play, maybe when we spoke about it, I'd say a year ago, And it's at 90 cents. Maybe he didn't buy, immediately bought in at 86 cents, 85, 85 cents, let's say. When it gets back to a dollar, you're coming close to, you're coming close to 20%, right? It's 17, 18, 19, 20%.

When it's spike in July of this year, August of this year, when it's at 107, you are now at 25%. And notices have come out. Everything has been shown. They put out a quarter of gains, that it's wonderful. They put out another quarter of gains, and it's wonderful, like two strong quarters of profit back to back. 363% increasing profit coming off a 710% increase in profit. What you've been waiting at this point a year,

but this is the highest you've seen in that time. And so you take it. And it bit back down to 90 and then here you are at 96. Next year, May. April May, what kind of company? Yeah, next year, April May or maybe even next year this time. But let's say next year, next year, April, May,

when they decide on something, they vote on something, they put out, and it spikes up to, let's say it spikes to one. Let's say it goes to 140 because the nav is even higher than. The nav is going closer to two, based on certain two things, right? Yeah, based on certain little things. Uh, you coming out, if you hadn't come out at 86, at 85, well, you went in at 85, if you hadn't come out at 140, you're looking at 64%. Right? At 2 million and 2 million, you're looking at what?

Over mill profit. Mm-hmm. Mm-hmm. Mm-hmm. One point two. Yeah. 1.2 million. And so, you borrowed and you borrowed the $2 million. or you had a million and you borrow against it and you bought you know you're 1.5 in you borrow you whatever you put there some debt in there if you lose the point two you use the point two that's an extra million dollars if he just waited the extra six right and in reality it's spiking if this suddenly spikes quote unquote suddenly spikes up closer to two or even touches two and the price spikes to 180 coming close to 170 180 there especially with the rest of

the news in train that that's to happen. Anyway, 180, you remember that you bought it at 80, but you sold it at 102 because you got what you said was going to happen happening in August 2026. And so you miss 12 months for an extra, for an extra $2.2 million. If you, if it goes, if you exit at 180, for all. the other reasons that I know at least in the group I have explained before more than once. I probably will explain once or twice again in the future. Yeah, it's it's it's listening to the reality, like the capital is listening to the reality of what

you're actually doing, what the market is actually doing are likely to do and not what you think it can do or you hope for it to do. Like you know how the market works, not how you think it works. Yeah. And that's why you're still trying to get as close as possible to understand what are the reactions to things I, I try the actual reaction to the things I hear. I don't want it. I don't know what I want it to do. It's this thing up and this talk has moved this way based on reality. I want to know as close as possible to reality what's going to happen based on this news are here, this. report come over, whatever it is, you want to know as best as as close as possible to reality. If you get, if you get that knowledge where,

yo, if you know what's going to happen to any stuff based on what's happening, based on whatever is out, you're in the market. You can say, oh, this diffident come out and this, yeah, it looks like a move 10%. You're good. Get in there, though.

And that's as is the ever thing there. I the image I have um I was a comic a guy skating and he's chasing you know you know you know if you gave a good example speed goals in in Tindy in car games where you do the run and you're trying to be the best time and you for this stretch of of the of the race you're chasing your last time and you see you see how that people it took the corners you know they were driving away to the corners so it's ahead of me if if you are doing if you are doing it the same or better you wouldn't see the ghost in front there so the guy he was he was skating and he was looking so he's looking he's trying he's seeing the best path

he's in the best version of himself moving the right way or whatever whatever and he's trying to catch up to that and perform that way thing and that that's that's the market it's if at every time I can see the best path forward you win. I can't tell you how good it feels when you can fully map out the plays you're going to make for any pretty good, any period of time. So like, okay, for the next three months, I'm going to be in the stock, out of the stock based on these things. And when you actually do it, I actually pay off in that way.

You feel good. You go to jump out of Jack and go into Transjamaica by 15th of September. and this is the amount I wanted me, can't you know? It doesn't happen often. Like, it happens often, but not often enough. It never happened after enough. Like, sometimes another stock will come up with something good. Sometimes it takes a bit longer or shorter,

but we need to do it, and it actually hitting every single point. Even sometimes early, there's a way with the money, and you feel so good. I've been in a position where I come out of this thing early than I want, with more money than I won and I'm looking at the next play I must stop because it's

cheaper than I want to get that this is cheaper now that I want to get it 10 days in the future. I mean I should buy it it's like a moment I'm a dean of right thing you're not really following the planning set for yourself

because somehow it's working on better than I thought it would right but you do it and it just it feels better. When you do that, you go through all the plays that you want to make back to back to back and all them hit right. Mm-hmm. You feel good. It feels great.

You just meet the mat. Yeah, it feels great. But then back to Tj, you get the, you get the, you get the, you get used to greatness and you have to do it again. I have to do it again. And you have to do it again. Funny enough, I think I hit it. I've been able to suffer in these days like you, it's, it's, um, spoiling me in certain ways. But it's, but it, I find that I hit the things fairly often, but, but wider margins, right?

And low, low, low, low aiming points. So I'm not, I'm not, um, I'm trying to get a hundred percent every, every, every week, right? I'm at 5%, 10% in a month is amazing. It's better than every dividend out there. But 5%, 10% in a quarter. And if you get the chance, like within the quarter, I'm always, I'm being very loose here. I'm looking to make another 10%. If the opportunity, if I met the 10% too early in the quarter, first month of the 10% I make,

first month of the quarter, I've made the 10% on the entire word. portfolio with a chance to do another two and a half months of the quarter. And if I get above that, that's great, right? Worst case scenario, anything you get above that, you park it in something that will give you, we have wonderful companies on the market that pay quarterly dividends. You can pack in one of those and then you get a little broader and top of it, right? The point two, seven percent or whatever percent. But when you get the 10, you get, well, why can't I get 20?

you can get 20, so you get 20 again in the next one time. Then do I find that I find that it's a competing priorities that really get hardest for me, not the fine in the five or the 10. And that competing priorities problem is a problem because bringing the right background to where we were before, it, for me at least, it causes me to, to, I want to find, I want to say the right way. The competing priorities are the biggest thing. It causes, it causes, it causes, It causes me to do that thing that I say I do not grow.

I never finished that. So I'll wrap with that. It causes me to try for myself and also to encourage people to concentrate on what really is going to happen when you are in the middle of a trans Jamaica in 2021. Because you're not looking at it from the 2026 perspective. You're looking at it from the 2021 perspective where, oh my God, this is what is happening? The fearful. That's where you're looking at it.

I think that. And the thing that you have to look at, at least speaking for myself, the thing that you have to look at to have that surety is not, it's a toll road. People are going to stop using it. They're going to raise a toll every year, you know, yada, yada. All of those things are true. But they were true in 2021. They were true in 1990. They're true in 2001. they're true in 2002. They're true in 2015. They were true in 2020. They're true in 2025 and they're true in 2026.

So that alone is not it. Just like the Trans-Gamaca dividend. You knew that dividend would be kind of what it is. No surprise to anybody. And you knew that last year, if you really did the work last year, you would have known it. I'd really did the year before you'd have known it. So that's to say that you also know then

that it's not the dividend or the fact that the total exists that's going to cause it to rise, which is why when the good results come out and the dividend gets announced, you're feeling disappointed because you're kind of having to face the reality of the fact that, oh, yeah. So Randy, I say that those things aren't really the reason. Those things don't matter that much in this case, right? Because those things were true. And then two years ago, and you're like, oh, I was right anyway. Yeah, right.

Of course, forget it. Of course. Come on. Two months from now, it's back to 12. You give them, and now back to 12. Maybe it might even go higher, 13, 14, might end the year, that kind of nice and it. Or maybe it goes back to like the 12th to end the year.

Of course. See, it's good. I'm happy again. And you forget it, but the people who remember the listener, the people who are able to repeat it and repeat. And being able to repeat the success is the secret of the market. And the best way to get there, I find, is to know what the actual success is.

Anyway, let me stop the long preaching. Sir Leon Stark. What's up, my boss? How you doing? Sir William, that's good. Hey, greetings, greetings. Let's log on real quick to give you guys a quick year, you know. And really, some of the things they're saying resonate with me as well. I came on the podcast earlier this year, and we were talking about NCB.

a quote-unquote falling knife and yeah man made some decent decent change off of that but again like you said sometimes I jump out early you know

instead of staying in for the whole ride yeah but my thing is I I have a target and once I meet that target I don't feel bad even if the stock fly past that target

I come in and I meet my target and I move on and like you say as long as you're continue you're able to continue doing that should be fine you know I'm here for a good time not for a long time so I wish I was like you because sometimes I'm great target and I feel so good and I see go about it and I'm like you know could I get that one in there that's always there that's always there you know you're not wrong you know and I hope that you have that I hope that you're really being honest with yourself and you have that kind of poor.

Cause yeah, I tell people it. Yeah, yeah, I think all the time. You reach up, when you reach, we want to leave. Get out. Yeah. I know in a moment that I'm also honest with them that it's really hard because like you're saying that Sir Sark, right? But hear me out. You sound like you jumped out of it.

About what price you jump out. right ncb between 40 and 50 i'm not going to lie and say i didn't feel bad when it reads 70 plus in okay but he does it not that it does it right no no no no no so so so so it's part it's part of the process but what you have to look on is other things you're going and how much that those gains right say that's what you have me feel good right so so so As long as you didn't jump into something that went down, you're all right. You know, and the other thing you will feel.

Hold on. Suppose you did jump into something that went down. That's for me also. I can tell you that's part of the process. Yeah, man, that's pain. That's pain. Not necessarily. So that's what I want you to understand.

Not necessarily. If, all right, watch me. If you, if you, if you, if you, if you said he came out of 40 or 50, which I understand I must hurt because it's like another, like another, not 50. Well, depending on where your average case. out if you came on in the 40s that's like another 50% profit on top of where you on top of it from where you came out right now right but it is what it is no but suppose you did that and you went into trans Jamaica I don't I want to pick something else that I am I like our Carreras

uh-uh uh-uh suppose you came out can you looking for an are you're doing for yeah man you remember you're 40 odd percent you know when you came out and that's great I know you take that are you gone into let me find something I want to find something in the Reds are Jamaica Brailers because you went in Jamaica Barilers when it was at 18 and you're like my god Jamaica Brile's at 18 this must be the bottom so you take all of the money out of the and the profit everything out of the NCB are you going to the Jamaica Barraudas because you're sure that $18 is the bottom, right? It must go back up.

Maybe it don't go back up to 33, 34. Maybe just go back up to like 25. That's still below 33. But you're getting at 18. So at 25, you're looking on 38% profit. Again, on top of the profit you just make. So you know, mine. Plus, JBG, you've been conservative there if you turn around, who knows?

It can probably five. And you said that, and a couple months later, you're at 1250. Now what? So because I think that's the real situation that we have to think about. That's that I find actually, at least for myself, is much more common than the perfect here to here to there to there. So I want to make it clear it's not that it's not the perfect there to there to there. It may be when it jumped back to 36 in a year. or two years or three years or is it two years they say listen next year this time it's at 35

something happen things change new owner blah blah blah 35 maybe going to 40 it means that right now i would have to be okay with the 1250 i don't know that it's going to be at 40 in a year but i have to be okay with the 1250 remember i'm dropping from 18 now and they also say yo we could put it in a quantas we could put it in a CBG CBJ, we could have put it in a RA Williams, we could have put it in a IPCL, we could put a jet con every week them talk about jet con and I'm no, you know me, no, I should buy the jet con. I didn't.

You have to be okay with truly understanding what's driving the JBG in this case, the JBG play and also be okay with the pain of not picking all the other things that you know you coulda pick. It's not like you never see them in a yearfika. see them and accept that they're going to work out like you think and better and you're not in it but the thing that you're in is going to work out the way you want or better in the time that you want or sooner it's hard because you have to see the kids over next door I play them are playing them are fun and you're inside so Randy one one of the things I do you see to kind of mitigate

some of that risk is to is to kind of have a new kid competition so when you exit a position in profit I usually choose between three and five new stocks you know based on my my my investment appetite

to generate either a similar higher return so usually it will be between three and five no more than that and no less so say i pick a svel a carb cement and a couple others and then i watch how they're doing you see all five of those are doing badly then it means something wrong with my investment thesis but that is almost never the case sometimes two of them down so you don't you don't buy them you just watch it no man we buy them in a buy them and take positions in them

but you watch them and see how they're performing so whether it's over a month i'm going to beg i'll like a pocketwalk kitchen moment you'd have to tell me the exact money but give me the range where you're investing in like you take in the farm do you take below one million one to three million three to six or greater than six um maybe the first bucket and you're going to five five does not multiply our time though Say that again? Oh, yeah, yeah, yeah. So, so, so, so, so, so, so, so, so, so, so, so, so, so is a decision tree that branches

out indefinitely, you know? You make, you set a target return, whether it be 40, 50%, and based on the, the performance and the stocks you've been going through, 50% seems very modest and conservative, but again, you know, when you, when you, when, when, when you, when, when you're looking at what they, they, they, they, they, they, other assets you could invest in paying out 50% seem quite decent to me well yeah you know you guys might say boy 50% and a no 150% we say no you know no you will say that you know yeah you just heard me say about 2% and 5% that 10% how nice it is right and that's the next thing too that's the next thing too sometimes you can be in a note and stock and you're making 5 to

10% or 20 times of the month, which is okay too. Instead of sitting down in something for a year or three years or five years, hoping, because I have friends, you know, who still in NCB waiting on it, waiting on it to go back to

250. And I said to them, boy, the amount of plays you miss out on waiting. So when you talk about the guys them waiting in Cignos and the other stocks, and I'm saying, boy, them certainly have more patience than me. sometimes if the investment thesis don't pan out in it you just take a loss and you move on

is such a thing called opportunity cost they invest in true that's a good lesson for some people to know that that is and it's it is hard i know people who just won't sell at a loss than i must have it harder because i can't tell people what to buy ourselves so if him actually can and that's his job tell people to buy yourself you must come across with that because I talk to people who are like yo when you ask him so why you don't sell it i'm not telling that a loss mm-hmm mm-hmm and them sit down and them hug it bro you have man not give up on the whole plan just because they're not saying they're done the rest of the plan because a piece of the

planning is selling this thing I'm going to that done I've had people come back after years so you know they find and get out by me almost a two years ago in a plan for and the truth is you can talk to them I don't have pre-talking I try I try to get to that point get to address that problem before we even get there and you know if whatever come and you know if whatever come and you don't and I promise you them hear that they're not going to listen it but the thing is the thing is then I that that loss compounds over time because in the example Randy gave with the JBG you're expecting JBG to go to 33 say a bite at 18 and say yeah man I go

wait it out and it dropped down to 12 so not only are you making that loss between 18 and 12 but other things you could have invested in that went up 50 60 percent you have to also factor that into your calculations that you're not just down it's one thing you don't just lose money you lose time as well right and time is an alternative income that you can get back the money you care at all the time you care your time your last was the money going to something else in that time when you were when you were while doing in that last oh it's that turn i'm and begs about it for the next three months and in those three months your fees but in

here say oh this you go up and this you go up why i mean never invest in that and you say absolutely It's the other things without realizing that the reason of investing those things is I never sell that once that day. We're holding on to thing there. And the big deal there is a decision you keep having to make over. Everything every single day when you're sitting that stuff, you're making a decision to sit in it. Right.

Versus and it's a big difference between actually actively making a decision and possibly doing it if you actually get a point you say I'm at 12 and it's fine and I'm fine being here or I should be here then you can plan around that you can buy more it can it can invest it can invest in something else with some other money with the thought of coming back to that later versus my done I'm out I'm out of those ignore the portfolio make it do whatever I want to and my mind I if I don't see it out of sight out of mine you get you make it giving that stuff a problem there yeah you know the funny thing is to what what i try to get people to see that the decision you're making in you know me just dash away man i see it okay but but you will when it go back to IPO price you'll snow you'll sell right yeah but manor sell at a loss so you're making the decision yes to hold like i used jim and b's a great example of that you you make the decision Jamie and B was trading close to our over 50 dollars in 2019. Yeah, so if you're buying July 2019, you're looking on, let's say you bought it at $50 at the start of July 2019.

You are no down. So you're no, you're no down. I'll keep here that you're down 61.9 percent. right and it's been almost seven years there's a 2019 in 2020 one two three four five six almost seven years or more than seven years or exactly seven whatever it is you are it's been years and you considered selling the one time two years after or three years after when it went up when people misread the notice in 2022 and it very quickly went back down and it's low APO price, which is like many nails in the coffin.

And in 2026 now, you say, I'm not selling it until it get back to 50. If you do admit to yourself, you know, say, you know, say, you're not saying, you're not telling it to get back to 50. That's also another thing I find. That's how I know it's a psychological thing. If I say it, say, so you won't sell it till it get back to 50, no, I'm not say that. But in conversation, you also say, but me now say this at a loss.

Well, what's the average price? 50. So you're not telling it at a loss. You're not telling it until it get back to 50. That has me trying to push them to think it through. But if that is what you're really doing, then you're saying, I'm not selling it. Yeah, I'm not telling it until it goes back up

a hundred and seventy four percent. Yeah. I imagine that's really what you're doing. Invest some money. And you're really expecting a hundred and seventy four percent profit. Why aren't you buying it? Buying it, yeah. You're giving me an optimistic stance, actually.

in all your in all your negativity you're giving me an optimistic thing you're telling me it's about a hundred and something person and you know what if if i gave you your money if i gave you money in your hand right now and you tell me to say i have a have a plan for a hundred something percent return and i put money in your hand you don't buy that so the thing you're doing is framing that positive message in a negative way you're telling me you have a stock You believe it's going up a 170% and you're not by it? Come on. You know, believe it. They're just trying to justify to themselves why they're staying in a last position. Right. They're just trying to make themselves feel better.

True, but I want you to see that, you know, the subconscious makes sometimes better decisions than the conscious. So you're subconscious that is saying to you, yo, don't come out of it. And it may be showing the reasons why, you know, it should be better. It should be better. It should be better. The money, the credit dividend and the yield is almost 2% just because of all the price is. It should be better.

And once you make an decision to stick in it, something in your brain is working out what it could look like. Just look at it from a different perspective. Okay. Don't fight it. Don't come out. Since you're comfortable being in JNB, being JNB. But then made the move of somebody who is in JNB expecting a hundred and 74% profit.

because if you're not telling until it get back to 50, that's 174% ahead of where it is now. So if you really expect 174% profit, you would want to put more money in when it's down, right? Right. That's a sort of thinking that people need to have. And if you can put a good argument opposed to, oh, no, there's no way I'm spending more money on that.

I'm not buying it and it's down. Then why are you staying? if you wouldn't buy the thing why are you staying in it and if you are staying in it why wouldn't you buy why wouldn't you buy more right

trust me I asked myself the same questions around around trans Jamaica so so Trans Jamaica I've been buying from IPO buying and selling they had the

offer for sale at 360 we bought some more but every step along the way we were selling buying back in selling buying back in I guess it's the same thing the entire market is doing because sometimes they look on it and say they declared one of the highest dividends in their history and people reacted

to that news by selling I guess I guess some people are taking some profits I said alright but then they're selling and they're coming to buy back before the X div did so them can get the dividends so that them can sell it again after the ex-dive date to come back and then buy it again and i'm like okay everybody knows that and everybody's acting accordingly right but the interesting thing is is that what you think people are doing that's what it appears to me you know i could be wrong what what what what what what

what what what what what what what what what what what what what what what what what what what what i'm i don't say anything it's just like it's interesting to me to hear what you think they're doing so you say like i know i agree with you they declared what is i think is it a single thing the biggest dividends dividend so no they pay the same dividend as they paid early in the year they pay some year and early but it's the highest over the last couple of years in terms of for the year in ever for them right right in a dollar figure so both of these are two are the largest right each of them individually is 13.7 percent of the entire dividends of a paid by trans jamaica so the two of them together 26 yeah 26

27.3% of all of the dividends paid by Transamerica and those two dividends, right? However, is that really a reason for people to buy more? It was not a reason for them to buy more before. It is the same dividend as the last time. Right. And as you can see, they've been fairly consistent. So whatever dividend they're playing in the first half, they're going to pay a similar dividend in the second half,

and that has been the case for what? The last three years at leave. Yes. And that was a conscious decision they made. They actually said that they were doing that. Because it's just they used to pay once a year. And they made a decision to split it into and pay twice a year. So it's the same.

You can be barring anything astronomical happening in one year. You can expect that sort of thing to happen generally, right? They're going to pay a nice enough dividend and splits in two. But, and it's another interesting thing you said, you said, they declared one of the best dividends ever and it's selling. Right. But if we, if we, if we rewind to, if we rewind to, let's say two months, three months ago, before they broke 10. If you rewind, if you rewind to like July, the start of July when it was at $8. We knew this dividend was coming, yet it rose from $8.00.

all the way up to $12 that's 50% roughly 50% profit between the start of July and the start of August. Right. Why didn't you say that people are selling them? But people are buying. So normally when I see the price rising, it means that you have more demand than supply at that time. So you have more net buying taking place at the price to increase. That's what generally thought. that's the general thing that's said it doesn't happen to the general thing that said i mean i'm being careful there because like there can be less demand and the price goes up well true true

that is that is that is that is true as well but but just i don't understand why you consider the buying there for the buy for the price going up and then the selling for the price going down when the truth is the price can't go up if somebody don't sell true and the part the thing is the the the persons who have the shares are willing to accept a lower price than than than you know than the price they otherwise would well no right not that not the otherwise but on the price over the last month but okay transomacca is now in its six year of being listed a lot of people bought it at IPO a lot right at offer for sale at offer for sale including you right so for those people maybe what was offer for sale price 360 so that's what's

I'm saying I'm not too surprised or perturbinger I just say to myself boy some people taking some profit and I mean 10 dollars whether it be 10 dollars eight dollars nine dollars you're still in profit relative to IPO relative to the offer for sale relative to the price months after the offer for sale so it reasonable to expect that right but if if people gonna say if people gonna say that if people gonna say that trans america is a good stock to have because it has a reasonable dividend yield it has good prospects of growth with the expansion with the with the um the dividend policy dividend yield that they have and the fact that scotia going private and billions of dollars being flowing to the market he would say hmm if i were a billionaire chances i would put some money

in trans jamaica right which only going to say the price going to go up again so why would i why would i sell at this time how you know that again you just look on all the stocks i i guess on a simple sense you can ask which boxes does kosher tick for an investor and which other stocks could tick these same boxes how which boxes does kosher tick that that transgenre makes so one i can think of right off the top of my head is it pays a decent dividend as a decent uh dividend yield is a fairly stable stock sometimes we invest sometimes we invest sometimes we invest best we buy a stock to you know because you know some stocks are almost as as as as as good as having cash so you know instead of leaving your money sitting in a bank account

you can buy a stock that going to inch up slightly give you a decent dividend yield and you're far better off than leaving your money in a bank account so you don't really expect the stock to go up a hundred percent you know if it even go up five percent or a six percent and it has a two percent or a three percent dividend you're doing great agreed agreed right but but trancheemaker is not such a stop transomeica right Constrant America has been flying in price it has been rather volatile but yeah it's been flying right so is it meeting you can say you can't say that it's not doing what you say it's doing but then say that it's doing that thing which is why you pick it so so there are different

So the dividend is one box. The stable price growth is one box. But if you're looking for a stock to have a relatively stable dividend price, I mean, not the dividend, a stable price, they purchase price, whatever price you buy it at is also a function. So if I buy it at $5, right, or even say $8 it was in July and it's now $9, $9, 10. In my mind, that is still, that is still, that is still stable. Because as long as the price is increasing and not declining, it's stable to me, or for my definition rather. So I wouldn't have any issues either buying more or just sitting in it indefinitely because I'm up. I'm getting a dividend. It inches up and down every now and then, but never below the price, my average acquisition price. So I'm quite comfortable. new money you're talking about new money coming in right so the money that will come in at the end of the year now again they're going to look on where trans america is now and where it's at the end of the year and this is at the end of the year what's what's the money coming at it and why you say the end of

the year the billions from the privatization of scotia because that you are assuming that that must happen also right that that is something I'm assuming it's going to happen yes may or may not happen but it appears highly likely to happen why you say highly I don't see I don't see why it wouldn't happen it's dependent on all of the on on on linked to Scotia not connected to Scotia shareholders voting yes Brian suppose suppose we don't vote yes okay why we won't vote yes why would we vote yes why wouldn't we want more if we vote no if we won't know they have to convince us and so if we want them to

convince us and pay us more the only way to get that is to vote no i see i see it's the only way The only way. The only way for us retail investors to get a higher buyout price from Scotia is that we have to vote no. That's the only way. If we think vote yes and then maybe they'll come once you get a yes,

it's over. Only chance. And their vote, their shares don't call it. So it's everybody except them. So that means that us retail and everybody else, including some of the pensions or whatever, if you think that Scotia Caribbean, if you think Scotia and Canada has money

and should pay more than $6,150 per share, then you are incentivized to say no. And then they'll have to come back to the table with a better offer. So why are you social? If I know that, I'm sure that there are other people who know that too. So. So while that is a potential scenario, Randy, I don't, I don't have that in my mind as very likely. Now, I could be wrong, but that's just my.

Why not? Why not? I can't think of a president for it, where that has happened before. When has that happened in the market before? There has been... You name it. For the flour mills buyout, it happened. Shareholders, there are holdout shareholders

who eventually had to get a higher thing, a higher price. I have it on good authority that their shareholders in key now who are still holding out. And in the case of Scotia, this situation has never... Sorry, in the case of Scotia,

Before you get Scotia, CWJ, there was a kind of a higher buyout situation. The guy pushed down to court and as a result of what he did, it changed his precedence. And Scotia is the first buyout of its type on the market since CWJ. As a result of CWJ, it has to be done in the way they're doing it. And one of the biggest things is that the big dogs who own 70-odd close to 80% have no say. So that means that the other remaining 20 odd percent. So it requires a majority of the minority shareholders then.

Yes. Right. So it's just amongst us. So realistically, why are you thinking we wouldn't want more money? Because the only way for us to get more money in this is. It's a vote. No. Yeah.

Okay. Share fun. They're heavy shares. So usually the big dogs come into their heavy shares, anything them vote goes, right? Right. They're both doors of vote, right. Yeah.

But what the law has changed to, what the interpretation of the law thanks to the courts at CWJ has caused that now, is that the big dogs, your shares will not count. In fact, you cannot be involved with it at all. You can't have and go to the meeting. So it's a meet, that's why they're having separate meetings. this is a meeting at which

you do not have any voice you're not involved at all because you are the one that's going to benefit so you're out of it it's just us deciding whether or not we want more money than $6,150. But in that realm, you don't think that

there's some people out there who are like, yo I want more. I guess we could hold on, I could be wrong on this too, but and I believe, and again, I could be wrong on this, but I believe it's also a majority, a super majority of us the minority.

So you only need 25.01% of us minorities to say no, and it can't go through. You don't even need half. I don't know. It's a different case, no. That different case, there's not that many shareholders needed for it. Some of these big dogs who are on their own,

resource in motion, local billionaire, if bro thinks no, when he counts him against the entire universe, he only own 1.38, but when he count him against just the minority universe, that 1.38 is a lot more. NIF might decide, NIF is government.

Maybe they're like, the candidates can come give a little small change and take one of the best banks. No, you have a pay. me for what it is now. You have to pay me multiples of book value. I have to pay me for the future profit that you're going to get. No, once you get the private, you're going to bleed it. No, see, you can't come in 6150 and tell me say, oh, it's a premium on the share price over the last few months. Share price is none of your business. Sure price is my business. Yeah. So like

this has never happened in Jamaica and it's happening now in Jamaica with the most active retail investor base ever, with I would dare say the most knowledgeable retail investor base ever. So are you sure that they're going to get it? Because they can't bulldoze it. It's just us that have to agree. And if I'm correct, and I

could be wrong about this 25% point. But if I'm correct, it's just 25% of the minority that needs to say no, and then it can't happen. Or you don't say I want billionaire or not out there drawing together the funds because, remember, for us

poor people going a million or less or two or three million, you know, we get more opportunities to do a flip. But when you're a billionaire, you don't get many opportunities to take a two billion of our fund, but this is the opportunity. And when you get there, like, these times come along very rarely. And when they come along, you don't have a bit. You don't get to flip two billion very easily. But this is a situation where you get to and you know Scotia have it.

The Canadian boy, you have it, man. Tax him. You got to tax him. so randy i just have i just have one question since the the buyback offer was announced where has scotia been trading since then to date what has it been trading anywhere near 60-61 or is it in the 50s it's still in the 50s still in the upper 50s so so if it were case where we're where we're where we're 61 50 so it's very far from 61 50 it's a 59 today right but I'm just thinking if if if if significance amounts of investors were of the mind that 6152 low then that

6150 should have been a floor because in your mind you should be buying the shares and saying all right in the worst case scenario I will get at least 6150 for it but yet people are selling at 56 57 58 so it's it suggests to me like people have to sell at 57 for me to buy at 57 and so i've i bought at 57 right but randy if i believe that the stock worth at least 61 50 i wouldn't be selling you at 57 now i'd keep it also because why would i sell it to you and scotia is coming to offer me 61 50 i don't know why would i do that you did that you did I'm thankful I did because I'm here buying it. And if I have the knowledge, think about what I just explained.

Again, I don't think I'm the only person who knows it. I know that I've said it here. I'm sure there's some people who are thinking it through and other people who do know it and other people who are learning it now and maybe checking it out for themselves. And they may decide to hold out. And you're thinking of a lot of people,

maybe not a lot of people. Maybe you don't need that many people. Maybe you just need one or two. You just need one person to go, yo, you just need one person to work out what 25% of the minority is. It's how close or how far they are from it. And maybe them talk to each other. Maybe a billionaire link another billionaire or two pension funds. Maybe the government and go, hey, NIF, you're taking $6.150 for your money?

Yes, it might be close to $4 billion, but why not hold out for $6 billion? Okay, if them say, listen, okay, if you are doing it, Let me be clear here. I don't know what the billionaire is doing, right? But I said number five was a billionaire. So let's put yourself in his shoes. If he is, he talked to the minister of health

and the minister of health put him on to the permanent secretary in MOH and the permanent section of the NIH, right? And he shares his idea and the permanent secretary say, hey, listen, you are number five shareholder and I'm number three. In other words, if you text Scotia out of it, it's technically that I am shareholder number one at 60 mil units and you are shareholder number two at 43 mil.

And if shareholder number two is talking to shareholder number one and saying, hey, let's hold out for more. We can get 50% more or so. They might listen, right? You'd have to convince everybody. And then you go, okay, that's cool. Who else, you know, let me link the people at GK. The GK pension fund, I can tell you this,

person who owns resource in motion, if you click on it on MMJA, it is wonderful thing where we show you what else them own. They are also a top owner in GK. They're the number one owner in GK. So the number one shareholder in GK is the number two minority shareholder in Scotia Bank. And it's the number one non-Skosha-linked and non-government linked shareholder. So if you feel

the way you say yes, and they're the number one shareholder in GK whose pension fund is the number three shareholder. So let's say the three away agree. How much we're gone? We're gone 4.17% of the total. Not of everything, just of the total.

I remember you just need 25% of the minority. Of 20. Yeah. So it's not that hard. You link the guys, you link the people at NCB, cat markets, controlling the staff pension plan, and go, hey, me and the other two top shareholders decide we can get 50% out of this.

How you feel? NCP staff pension plan is NCB people. They know about their biggest competitor, Scotia. Of course we're going to tax them. We're going to tax it, right? The next shareholder is Sajikor select funds, run by Sajikor, who is a competitor of Scotia. Of course we're going to tax them. Moreover, if we tax them and we get more money, we have a little APO that we're doing. So why wouldn't we tax them so everybody get more money? Because as soon as that done and people have the money in the minds,

we're going to offer them, such as you call Caribbean. We already tell you that we're doing it. I would tell you how much millions we're raising. And what did they say? In an interview, Zaka is quoted, and I'm paraphrasing because I don't remember the exact words, quoted as saying that, and I'm paraphrasing, but it's not really a retail offer. They've already locked things down with the heavier funds. I mean, these funds talk to each other.

And anybody who knows the industry knows that the pension funds talk to each other. All the time, it's the same house that manage three, four, five, six different pension fund. So why wouldn't we tax them? VM or as a Scotia competitor. Of course, we're going to tax them. And then there's an ATL group pension fund, which is a very active enough fund, I think. They like money. They like money.

I'm not sure who manages them. but I suspect is people who understand, who are very active in the market. So now we have three, three, five, six, seven, eight, nine, and ten on the top list that agree, hey, let's press these guys for more money. And the vote is just up to our levels.

And the share price has not been flying since they're non-spend. So the people who are below that top level, the medium-sized funds, some of them have been able to clean this thing up to because as you say compared to 61 50 which is the worst case scenario that's what I get you're looking right now on a 4.2% cap game at 6150 and scotia said that if you want to you can get the money in US dollars who the hell wouldn't want

4.2% on top of their money in US dollars over the next few months so a couple of medium-sized fund people are scraping it up to and what's a worst case scenario that if we vote no at this meeting, they'll come back to us with even more. I'm not sure that the vote won't be no. So, so, so, so, so, so, so, so, you raise an interesting point. The, the other side of that conversation, though, is that why wouldn't you think that the majority shareholder, the acquiring shareholder is also in dialogue with the pension funds? and even that last transaction you spoke of

and when it's a worst case scenario is that they say no and they come back with more the worst case scenario is that you say no and there's this inordinate delay in terms of them coming back there is some uncertainty with what they will come back with whereas you already have a sure 61 50 there is no uncertainty they can't come back with six if they have to go back they can't come back with 61 50 not one uncertainty I'm your wait anyway yeah I was holding it anyway. You didn't have a dividend policy that you tend to follow religiously and you also need the money,

number one shareholder. You need the money more than all of us. And I know that you do it because it even went as far as to declare the dividend. Again, even though you're planning to end the year and take it off, you still paid out the dividends. And you care of tight way out because I guess so. Either you don't get what you want done or give me money for my money for my time. Yeah. So what could-

Wait five years? Yeah, give me five years worth of money then. That's what that would go. What could the lead shareholder offer you? If you were the one running this fund or a couple of these, let's say you were one of the, let's say you were running the NCV staff pension plan. What could they offer you to make you say no,

to make you say yes? When you know, when you know that if you say no, you might not be sure of what they'll come with, but it has to be higher than 61 50. So what these guys are probably in dialogue about is some other transactions that may be on the table. So you mentioned the Sajikar Caribbean that is already locking down the institutional investors. Suppose some of them already earmark these funds for that investment. And so, all right, I get in some liquidity

end of the year from this. And the acquiring shareholder already reached out all of these guys and say, you guys are going to participate with this, with this, with this money, right? Or it could be any number of different transactions they have on the table.

And liquidity is a big thing across the funds. No one wants to have money sitting idly. So once I cash out of this, I need something to reinstate. invest those monies in a timely manner. So they would have already earmarked or set down certain investments that they're going to go in. But if they say no, they can get more money and the money is idle in Scotia.

While it sits, as it's been sitting for how long, while it sits, we're getting what we're getting. It's pretty stable. We're getting dividends. It gave all these reasons. All of those could continue. So why not hold out for more? well it certainly is food for thought so so maybe instead of putting the the likelihood of a successful sale at 75 i reconsider i put it at like 65 or 55 instead but i still think

it's the likely to that they vote yes could be wrong i do have a crystal ball but does some my own purposes listen just like you i i also want to think by default like yeah that could be wrong but this is the best chance that we've ever had or it does not be a number it's not just a yes if if i'm correct it's 75 of them that have to say yes which means only 25 percent have to say no and maybe maybe that is the plan but maybe three of us say you always say no and the three of us get to maybe three of us is 25.1 or maybe the three of us is 23 and the rest of the public invest in public also a good chunk of it said no so it's not so you could have 70% of the vote saying yes

and it still don't pass yeah yeah well it definitely would be interesting to to watch and see what what you could control it if you could control it would you want it to be paid out or would you want them to get a no and have to wheel and come again even though you know all that are things that you have earmarked. Boy, I'm not one to hold up anyone's transaction, you know. So it's not like Scotia is the only thing I could invest in. The man them won't buy back them shares. Me personally would sell them back them shares and move on to something else.

It doesn't benefit me to try and block someone's transaction. Because it's not like Scotia is the only investment I can make. But you understand? you can do all of those things at the same time. Yeah, brother, your shares are yours. You can buy. I'm going to make some other money. Yeah. The shares are there and they're yours.

I just want more than $1.000. You're not blocking their chance of time. It's your chance. I'm not saying it's something. I'm going to say something and you can say no, give me more. That's all you. Yeah. Yeah, but we can do that with any other stock on the market, though.

Yeah, but you own this one. It's yours. You own this one. own this one i own several other shares on the market let me show you this you own several other shares on the market but no how many of them are doing a buyout how many of them have the money this is not this is a rare situation you know is not okay maybe and here let's not pressure them because we know them not have it is not like a distressed buyout yeah yeah yeah okay so like you richest finland no no no no no that's what i mean that's

that's not that's definitely not a transaction like so you know no no i will not be accused of bad man bro, a manna ass you for your thing. Yeah. And you can't say give him more. And you know him have it. Yeah. You might be times three and still have changed in their pocket. And both of you agree that it's worth much, much, much, much, much more.

Yeah. And the man has said that I give a 61. If I gave you at a hundred, if I gave you it at a hundred, it would still be changed. Let's be clear. At 100 Jamaican dollars per share, you are still getting a... You're a transaction? You're a Costco? No, no, no.

Okay. But again, again, the other perspective. I just want you to clear, like you have a car and you're selling it. You have a brand new Porsche, 2027 Porsche. Mm-hmm. And it costs you... 50 million dollars and i say i want a 2027 portion there's only one in the island and you own it and i'm offering you 50 million and you say oh i've been no one try a block a man

transaction i said no no no that that is not a profit for me that is not a profit no no the situation is different it's not how many of us bought scotia at 20 at 30 at 15 at 12 I know selling it at 61 I'm in profit it's about how much it's worth more and you and I are agreeing that this Porsche is worth at least if it is one of one you might be worth a hundred but we agree that in principle it's worth 50 and I'm offering you and I'm offering you 20 now I'm not go take that deal there and me but you not i don't know because it's my listen because it's what it's worth no no no because it's your one piece around the piece of right no no no the debate is around what the stock is worth and it's worth what is it worth what it's worth whatever you can get somebody to pay you for it

but you and i are sure that using any multiplicity of valuation methods the thing is worth much much more than 61 it's worth oh again at one hundred dollars per share it would still be a deal for him so all right as far as the portfolio is concerned what is the valuation on the stock the current market price yeah and i come back to the first question i asked you randy what has the price been since the offer was announced has it ever been 61 has it ever been 61 50 no my brother and and i agree we did other people who have the other portions, they're selling theirs for 14 and 15. But this one is mine, and it worked more than that. It worked at least 100.

And the only way I can get, and you want a portion, you have a lot of money. And the only way I can get you to pay me a lot of money is if I say no to your first offer. Of course, you're going to come to me and say, hey, every other portion is selling for 12 and 10. I'm offering you 15 Why don't block my transaction And you have to go That's cool But this Porsche is worth

50 at least And the only way to not Selling me at 15 is to say no Because it's not your Porsche You and your friend You live on the road with just your friend and your family I want to buy the Porsche together Why were you going to tell him yes?

Yeah, but members say Our friend from 4007 feet and we really paid $8 million for it. Yeah, but it's worth 50 is one of one. That's exactly what's happening with Scotia right now. Yeah, I could go on better. One of your friends, your rich uncle also live on the road with you and him won't bite. Same say to all the other family members, yo, Miguel,

Baguio, Maggiun 15. my giving a 15 in cash if you want in US but I can give it and you have a bit of a guy going whoa whoa hold on uncle first of all you don't get a vote and secondly this thing is worth

maybe a hundred and uncle if you ask uncle if it's worth 100 he's going to say yeah it's probably worth more yeah but I'm giving you 15 no and I think that's fair because everybody else is selling theirs for 12 but uncle have it I said, Uncle, have it, Uncle, have it.

Last year, Uncle, like, two deal in foreign in Central America. You get billions back to him. Uncle, yo, if you heard NCB was being delisted and the upper was 100 U.S., 100 Jamaican per year, you wouldn't think that's overvalid, would you? No. Scotia is just like NCB.

Some would say better run, more efficient. Like, it's not as small. thing, bro. Scotia. Scotia used to be the number one bank for many, many years. And then NCV came along and, Scotia is a strong bank. Scotia survived Finzac without help. You never have a buy. It's good.

And then when the guys that were working around FinSack formed their own investment entity, Scotiah bought that and still owns it. It's not a poor thing. This is a piece. At one point, At one point, I remember Michael Leachin telling me that at one point when he was checking, Scotia Jamaica was the most profitable thing within the entire worldwide Scotia group.

In Jamaica, Scotia, Jamaica, and I'm sure it's still one of, if not the most, it's still one of the most profitable parts of the entire Scotia group. And if you ask the Scotia guys, they will tell you that too. again, your uncle are lying to you. He's saying, of course, it's worth more than a hundred million. But I'm offering you 20. And everybody else is selling for 15. You have a bit one to go, guys, men, I sell it.

Now, it works. Him say it worth 100. We know it worth 100. I'm not saying he'll have to give us 100. I'm saying he has to give us more than 20. And the meeting to vote for it is next month. That is the cautious situation. Like, it's a conversation amongst us.

and if we say no, what the worst happened? We continue to get the dividends, or maybe they'll stop paying the dividends. Cool. But guess what I suspect? I suspect that the big shareholder needs this thing. They need to own 100% of it more than I need to sell it for 6,150.

And I know that because if they didn't, they wouldn't be giving this offer and doing it in the way that they're doing it. because it was perfectly fine. They control it. Anything Scotia group wants to do with Scotia, it happens.

There's nothing that they want to do that can. They have full control of it and they get the majority of the dividends. They can do everything they want. Yet for some reason, I'm just wanting a little piece and don't have. You must really have something in mind that you need it for. All I'm saying is pay me more.

I get your point, Randy. But again, when you go back to that price chart, you're on. if enough investors or even one investor or two we're saying boy we think 61 50 is a low ball offer then all the shares in the market

they would have been buying that up between the 59 and the 61 50 right that price that price the market price shouldn't shouldn't be materially different from 61 50 because that's a low ball price but this is just so you should have right so so so so so i am saying it should be at the 6150 so why not why not why not increase my chances of crossing that 25 percent threshold by buying more if i believe that listen is a low ball offer are going to send no i'm going to try

and convince some people to say no we're going to block this we're going to get more money then why not buy up all these cheap shares then because we're Since you genuinely believe it's worth more. You are out of opinion. Mm-hmm. So it wasn't done agree. I'm 25 already. And then don't even do that.

Suppose me, you are and it done in the backroom. So, oh, you have 15. You have 12. And next man, I'll have 5. I'm a good. Yeah, but, but, but it won't, it won't hurt it to strengthen your position by, by increasing that person. you don't want just be at the flat 25 why not be at 28 why not be at 30 why not get more

multiply upon a larger summer money why does get a bigger offer price on say what is that 80 80 million shares why not get the higher price on a hundred million shares i agree with you but maybe i agree there but also nobody now said it the volume for the purpose yeah i'm for the again again what the volumes you've been seen some a few a few million here and there exactly I will take those got every mickle me come up give me the one million shares give me the 500 thousand shares that hasn't been happening that hasn't been happening right the two big moves that have happened have been internal to the scotia group the two big moves yeah up and have been internal to the scotia group so outside of those two big

moves. I don't know who's buying the 44,000 or whatever, but if you are a big pension and you don't think you don't think buying 44,000 is worth it. Maybe you think buying a few million more is worth it. Here's what I know. That resource promotion shareholder, he bought three million units over the last three months. If you check, if you check what the trades have been over the last three months, and you exclude you exclude the big 31.6 million. You exclude the big

$31.6 million from it because that's interest kosher and you exclude this 1.6 from it. The total volume over that time has been 36.5 minus 31.6 from that. 36.5

minus 31.6. and minus 1.6 from that you're down to 3.3 million units and the billionaire mentioned has bought 3.03 in the last three months. So why do you think that that's not happening? Okay. And again, remember, I could be wrong. I'm no lawyer. I advise everybody to look it up. But if the lead shareholder is not included anymore, if the lead shareholder are not a part of it, and I think also the employees of the teacher holder are not, that they have no say,

if that is how it is, and that is how it is, and you also only have to find 25% of what's left, you come very, very, very close to something where you might be able to actually swing this, and bear this in mind. Maybe we're not trying to stop a man transaction. We're just saying pay us more. Okay, fair, fair.

I take the point. If they call him on the man and say, where are me, they want to call him in the money and body up. I'll take the point. I take the point. So it is a real possibility that they could, they could vote either way.

I think so. And again, maybe it's not a, maybe it's like a straight up thing like, yo, I think it's worth 82. And you know it's worth 82, but you're a Scotia Caribbean and the local guys are saying it's worth 82, but you don't believe that, but hey, let's say it work out.

Let's carry it to a vote. It might be. I believe roughly you need maybe 6.3% to say no. If I'm correct about the 25% of the minority, I think you're about 6.3% in this specific case. And these guys altogether are 6.04. And we're not looking at what's below the top 10 yet. Again, it might just be me part dreaming, but it would be it.

And it's not, again, not to block it. It's just you'll pay us more. We'll sell it, but you just pay us more. Sarah, you're buying someone a Scotiator Randy? No. No. No.

You're not going to explain all of that, right? And say it's quite plausible. But no, I'm not buying them more. You need to, you weren't listening to us earlier. Pick another stock. I can do this for it, too. It is not difficult. for me to tell you realistic all the reasons why you should buy something without actually buying

it yeah and also you know the other games in town if i had a few billion sure and i mean other games too i'm in other plays too and it may be that same same so i have a little bit of this but literally nothing to speak about and i may have sold it in fact i am sure i have sold it for another of doing because I made the same calculation you did around the difference between where they're up or whatever and yeah I think I got out with like some giving up about four four and a half percent profit and it's gone it's it's already made me more than four and a half percent profit at a six to 150 and if I'm not really risking anything that four percent I've already made it up and I know if I didn't make it up I'd make it up otherwise it's less than four

because I got dividends too, so it's less than four. But if they do what I'm hoping is done, it's not going to be a secret. We're going to know that they didn't pass. Everybody's going to hear about it. The headlines are all going to say, well, I guess Scotia has

to come back to the drawing board and come back with a better offer. And everybody's going to know, and they're probably going to rush it. Rush the shares after that. And I don't mind being part of the rush it there. Mm-hmm. Yeah, so I have my timings, I have my timings, but I have my time. Yeah, if it's come through on the right press, come on the right, play, make. Can I always go, right?

Yep. Yeah. I remember I say I gave up, I gave up a little over 4%. So if, if what I hope happens happens, that becomes my new goal. Like, you'll go back for at least a little 4% that you left. And I'll probably get more than the 4. well worst case scenario is just another stock we jump out at too early but again you make up for it by making sure what you jump into is giving you more than that 4% right true and i also have no issue going right back into it that's that's the point right if what i hope happens happens

i'm right back in but you say you could um you could you could provide that compelling story for any stuff so what will be your compelling story for um a carib cement c-mix might want to bite c-mix might want to take it take take it private and drain nobody they're already draining it heavily but they might want every drop yeah they might want every drop i could see them wanting every drop uh and it's like they haven't been doing over the last few years that if you look at their entire worldwide profile they've done a lot of rationalization they've done a lot of selling off pieces and taking the cash and putting elsewhere they've brought the group in very tightly um and and cash

generation has been a big deal for c-mix at the nizdak level and jamaica generates a lot of cash it's also a a very profitable market. And I believe, like I could see the case for them, the listing both their Trinidad listing and their Jamaica listing, going fully private with it. Completing most of the shutdown of Trinidad and other markets and only doing their generation, their last stage of what they already do now in at Carib Cement in Jamaica, but for the entire Carribe Cement, the Hub and spoke and the

The hub is Jamaica and the spoke is all out of Caribbean. Carricom nations that you ship to. I want to have the plant in Jamaica. I believe that makes it protected within Caracom. So like that stops cheap cement being able to come in tariff free into Caracom because you can get the cement within the Carricom group because there is a factory within the Caracom group, which is the one in Jamaica. I could see you doing that.

And then you have control over cement for the region. at a time where the region is is click on the top 10 while they're talking let look at the top 10 while they're talking you have a premium my money JAA you can't use mine and brick talking on my brother you get the premium my money if you're doing I'll give a discount to the premium my money J a all right anybody who's come on tonight I'll give a discount to the premium my money J you've done enough work I like this topic so just just DM your remind me and I'll certainly give you a discount to the premium if you you don't have it already.

All right, but I'll show the top top, top, top, what you mean? Top 10 today or top 10 what? Yeah, man, the top 10, the top 10 today. I mean, you didn't even premium for that, but yeah. This is why I tell you, well, you throw me off. Bottom line is that's what I could see for Carripe cement, I could very much in their corporate plans.

and it allows them to squeeze the cement market properly, but not just Jamaica, but for the Caribbean. And if you play the game that those guys play, right, in terms of the business that they're in, they're controlling sectors and benefiting off raw GDP growth, right? As a country gets more money and the people do more, they have more infrastructure built out, you get it, right? I think it was this week that there was an announcement of some expansion work to be done at Norman Manley.

I just broke ground at the project and I noticed in the article about it, they referred to it as the C-Mex project and they even referred to the managing director of Carp C-Sement as the country manager of C-Mex, Jamaica, which he is. that is they're part of a group so that that's all true but it's just very interesting to me that they look at it that way because that's kind of what you do you buy it and you can squeeze it you know the dividend yield is to not know i believe they pay themselves more money than the actual dividend that's paid out to us i mean in royalties yeah in royalties and management fee and all of that management fee okay a little bit of heat for it but if they buy the whole thing they can turn it into our And you was carib cement. What's the latest results? Q2. Q2 the June quarter, yeah.

I think it's their best, the best Q2 on record. And this is outside of the major reconstruction taking place out west. So just imagine when that construction starts. Yeah, you think when these guys look at NARA, everything you need for building NARA, you need, you need cement, you know. In the same article speaking about the country manager of Jamaica, he spoke about the technology being used for the extension

of the cement extension of the runway and all that. He's quoted as saying something about this technology is also great for use on the roads. right yeah well they've been making that case for years still in the rounding yeah but then melissa happened and then nara happened the government has a I cannot exaggerate they have a significant amount of cash power no I believe that's part of why they've been able to raise the debt that they've been able to raise that the levels that they've been able to raise it low low levels because the bank will lend you a lot of money

if you have a lot of money already and secure, right? If they're short of payback, NARA money is a significant amount of money and the work not start it. So they being CMEX have to look on things like that and go, yeah, why not? And not just NARA, that's Jamaica. But if we have control over this region like this, we can squeeze the entire region and we don't have to share any of it with anybody. we can suddenly turn or we can we can turn or they have 26 billion in net income and i believe

let's see where the line is the dividends paid previously uh like i believe it's that it's a that that's a i believe that's like a fraction of the dividend i just are going off the top of my head here but I believe so like I know that they pay themselves more but also what they've paid out in terms of dividends yeah 1.7 bill yeah and I'm have 20 odd billion this company if you if you run it if they run it the way that multinationals can run so these companies and can that's 20 odd billion that is there for for the taking so that is there's 20 odd billion that's there for the taking why would we have to share with everybody else Just buy the little piece that we don't own.

And then you squeeze it for the next 10 years. And as the region grows, you know, feeling that looking a little better with that, with the oil money, with oil being higher. Ghana eating like crazy and have a lot of infrastructure projects. And Guyana is within Caricom. Barbados recovering from their financial hit.

What happened when you start managing properly and recovering from your IMF loans and you get more of that, room to spend and you're looking at infrastructure projects. Whatever that is, we've been through it. And that's where Barbados is right now. And that's just one island, right? There's, there's, there's a little region them up and them can squeeze.

Why share it? Why not, why not give them one years, why not pay for it with the amount equal to one years worth of profit and then squeeze it for the next 10 years? Like if you get to 2027, you raise cement 20% 2028. for the region. Yes, I say, the reason why you asked about that was because you're asking me about being able to do it. I can do it for any company because, I shouldn't say any company, but many companies have many bull cases, if you will, and some of them are a lot closer to reality than others.

Carripe's just happens to be an easy one. this would not really cost them a lot how much we got 5.8% current value of 5.5. Yeah, why not spend double that? Why not spend a 10 billion and get it back in a year? And every year after that for the next 10 years. Anyway, that's a pipe dream. I hope you're not right in time. You're gone quiet all of a sudden.

no man it's late so you know it go man but good good good good good good good good good good gentlemen you know food food food for thought as as usual i'll say some of the points you raised earlier me i say yeah man you know i mean you that but sometimes what i wanted to add too early in sometimes you sit down in a position and i have a cap and how long i was sit in a position but sometimes you sit in a position that when you want to see the 50% pop up in a Randy you just take that time in going you can't waste enough time here you say you know so I understand that too we need to be in something else now we not got sit down in this I watch it go up 50% and then come down 30% and then you say blow look how we could I get the 50% and move so so so I get my 50% I'm gonna just move it got 70% it got 80 great but I get that I came to get I'm gone I'm in a look back.

Well, sometimes I look back. But for the most part. I'm not knocking you. Not wrong with that, but I think the billionaires sometimes have to think differently. And as I see, they don't get the chance to do what the Scotia situation is allowing them to do now very often.

Yeah, I want to be sure. Yeah. True, true. I want to small money can flip someone's time. You're right, you're right. Exactly. Yeah, man, we can pressure. There's not many times like some of these pension funds

to get to turn it all into cash, there's not many times where that comes along, but there's even those times where not only can you turn it into cash, but the guys that you're getting it from, they can actually pay you, them can pay you 50% more. So sometimes you have a, I think you're going to stop at about 2016, yeah. Yeah, you have a press the profit button hard

when you have it, you know, because when the thin times coming up, when the hungry days come, those guys aren't going to be here to help you true true true that's a point of the profit to help you when things are good you have to get all of your can and those guys know it you don't become a billionaire without knowing that i hope all of you guys picked up your backyard um farming kit from from rada you know so when the when the tin times come you're ready you know my mega mater close

On that note, gentlemen, I bid you all a good night, you know. All the best. All the best. Yeah, man. Bless up. If you buy share drinks, you know. Yes. Yeah, yeah, yeah.

And behalf of she or your owe share drinks, you know, boss, one. Just remember that. You mean for the falling knife comment? Yes. Or the falling knife? Was in the falling knife conversation, the same conversation that made it. think about it and realize there's something there.

Remember the question was, yeah, what he did is a falling knife. Yeah, so he said, he said he came on and said, I come in with you. Yep.

Yeah. It's recording, you know, but see. It's recording on it's always online, so it's very up, big up,

big up, big up, big up shit, I know what they're up for me, yeah? Yeah, but I don't should hear it. She'll hear it once in all probably,

big up. All right, man, cool. All right, cool, cool, cool,

John, no. I think we touch a lot there then I. I don't know if anybody else wants to say a speaking request, you have no easy time. Otherwise, then I can talk. Otherwise,

wherever was that means. Yeah. Yes, if you definitely want to hear what we talk about something you want about a certain stocks or a situation or whatever, no is the time to send it. In the meantime, though,

then I, uh, what will you think about if I want to mention it? What do you think, not your topic. Let me not touch any of the topic. But what are you thinking is something that maybe hasn't reached the height of its performance yet. Again, not the number one or the two or the three.

What's something in that little class? That's fine. That's fine. Yeah. I just ask, you know, we can talk about it while we're going to send a speaking request. I know his performance. Not at the height of its performance. I don't know, man, I know, man.

Yeah. Skim the market page. Yeah, you can skim my, I, skimmy Tim. Oh, I do want to close this point off, though, that you, which you had raised earlier about the Berkshire, and I say that when he had said it, it was 86 on him to say that. At that point, he'd have been 30 years deep.

And, yeah, so at that point, he would have been 30 years deep when he said, our goal is more modest. We simply have tend to be fearful when others are greedy and to be greedy and others only with, oh, that's not how it's usually said. At all, as usual.

We simply attempt to be, even I never noticed this, we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. People say like a maxim. Yeah, no, that only is carrying a holy. The only is what you only does a lot.

Greedy only when others are fearful. Yeah, it changes Is that complete actually? It can move from a maximum to, yo. Yeah. So it almost sits a very, it definitely is a very different position with only. The unlimited. That sounds to me a lot like the contemplation I just have with the thing that we generally have our own.

Oh, and I feel a certain way about it. You know, I feel very, I feel very convicted. I'm not convicted. I feel sure about the things with my rushing and thing there. It's almost like a deterrent. I'm only going to act this way in this specific scenario

because I've learned that's interesting. Yeah. Sorry, that's it. No, no, no,

that is blowing my mind. Very, very different. It's not usually caught it that way. Investopedia. Be fair for other are greedy and greedy when others are fearful.

Quote of the day by Warren Buffett, economy times. Be fearful and others are greedy and be greedy when others are fearful. The only is what he actually wrote. That change, that's saying, that's saying how to profit off Signos, that's what that is. That's actually what that is.

How to profit off Signus. Wait me. Let me find it. Signos is like if you if you put this so if you coming from here Signos 26 this was when they're fire in the first time right pre-COVID late December pre-COVID firing firing fine fine they've been listed for a little while and they listed in 2018 a lot of movement and then going late 2019 middle of 2019 fly up from $11 up to $20 or dollars. This is like when we were talking about it, right? This is early days,

at least for all conversations. If you're thinking of that and then you know that the APO, let's say not just the APO let's COVID and the APO, but you have something that is when it was at 26 dollars, it's not like it was overvalued. It was I think the potential was obviously there, right? Then it falls to 15. It falls to 17 APO and all of that done and we know the APO effect and I'm deliberately moving away from the highs right so the new normal that you do you feel like us we know is the going to be the new normal and the higher prices can sustain so 1780 and then they did the APR own that you know say okay law is coming and so said so done but if you look on it and say mine

investment thesis is to profit, is to be greedy when others are fearful. In other words, on the big, oh my God dips, that's where we jump in and buy because we expect that there's always going to be oh my God dips, but if the entity itself is good enough, if it's a solid-up company, so the core thing is not something bad or ify. like Cignaus is pretty solid at its core, then you are guaranteed a few spikes. Those spikes are guaranteed, but you also guarantee the fall off. So in other words, our investment thesis becomes imagining this upside down. Like, whenever it's, whenever it dips, we have to be greedy then because our profit points,

we don't know when they're coming, but we know that when they come, they will not last. And you can never be, you can never be greedy outside of the thing. You can't be greed on a rise. No, you'd be fearful. So whenever there's a heavy rise, it's like saying, these good times won't last. I am definitely selling because what I'm sure of is that the regular normal boring times are going to come back. And when that comes back, oh my God, like what is guaranteed in any single company is that there's going to be a time.

where what is happening with insert stock here and that's when we're always greedy because every no and then it's going to come a longer time where oh this thing is so great and that's a guaranteed selling point for us so i do not expect signals to go back to 20 you just gave me a life that's what he's saying to me that's what the only thing to me i agree you know i agree to some degree. I think it's broader, but I also think that's definitely a part of it. There's something else he was giving, but I'm trying to think of it better. You know, we always speak about it. And I definitely follow. I'm sitting to myself, like, you know, you know when the market

or any or our stock is in the glooms, bro. Jack's a great example. That only is load right there, bro. I'm because, I'm a thesis to, you know. Sorry to Cotty, but just to give you like the concert I'm thinking of, he's saying this 30 years into investing, but I don't know

how many years into Berkshire, but again, 86, 30 years into his overall professional investing journey. So he's talking about this thing that is Berkshire Hathaway. This is our, this is how we're going to profit. This is on the way that we profit. Sorry to cut it. I just want you to think

about it out there. So I have a modest goal. The bad times are guaranteed. Good times are also guaranteed, but not as much as the bad times. But whenever the good times come, you are sure that bad times will follow at some point in the future. So the good times come. It's also a deterrent against, I'm probably using the work on that side there. Against yourself and how you act.

the good times don't be greeted then so it's something from you invests any level of strong any level of activity you are you feel those moments and yo oh my body thing on this great feeling great time great news you know maybe i was maybe i was a bit too maybe i was maybe i was late maybe yeah i should begin thing there you know but in those bad times you've turned on the there you time now do something that that's just that's just sewing time it's just the time to sow the seeds for whatever the good times come back the only makes sure only make sure that it frames both sides it's it doesn't only speak to the bad times you get me it's it speaks to your action definitely in the good times and the bad times like yo I'm only greedy

anything in it. So I can I cannot be greedy when people aren't fearful. True. I can't be greedy when it's hot. I can't be greedy as 12 or transgender people. When people are fearful, I can be greedy. Yes. We only got crazy.

If I have the feeling you have time for go crazy and buy some things and I look around on everybody. Everybody feel good. Again, really what other are. Saying it in the other way does not carry that weight, bro.

It really does, it just feels loose now. She's like, like you say it's something for say. And then all these, she's like, oh, yo, restrict myself. I almost act this way according to these things. Yeah. I don't know if the chat is geeking also us right now. Yeah, I don't know. I don't know.

Yeah, I mean, join us, if this is making as much mind-blowing sense to you as it is to be that I could. That only it changed the entirety of how the damn thing looked to me now. It's actually it has actually connecting with me in a way like that. Meaning it makes me I've always heard that.

It always feels like something good to say. And yet I mean, it's not that it wasn't relevant before or whatever. But because of the restriction now, it feels like because it carries more weight, it makes me look at myself differently. And my actions, like, I kind of half of the point on sale, you hear there. Yo.

I think you probably resonates with me because I know who are feeding certain moments. And I know the kind of mistakes in making certain moments. Yeah. There's a thing you do when you're investing. Mm-hmm. When you have money, you know when, and people, I think people look past hard. You invest every month. You get a certain amount of their money every month.

that is having money. You're in a position of I, almost to the point where you buy things to buy to the sake of it. This is what I'm doing with the money. So every month I'm going to buy some transfer maker. That's my plan. So you end up buying transgender maker every month. And I'm not saying this is a bad plan.

Your overall goal does matter in your context here. I think, again, I think this probably hits more if you, if you're at the same of activity as man Randy. But the thing you do in the moment you do them, especially when you have the factor that, where you have the money in my hand thing there, you kind of, money burn out of holding.

You start moving by road, other pile. You are less tested about the thing you're doing because you already decided to do it. If this thing now comes in and you have to do that test every single thing. It kind of changed what you're doing. It's, am I always making the best purchase at this time?

I have to ask myself for that because I've run through the text I have to say are people fearful yeah yeah so I can't I can't buy it anymore because I try to make it gone up

and it feels a certain way I can't buy it right now at 11 at 11 I can't I can't buy at 11 like even if I have the money I have to stop myself even though I see it got 8, 9 10 it can have to go above 10

you got 11 i can't buy heavily at 11 because it's on the upwards i need i can i am allowed to go crazy at 10 because it went up to 12 yeah i'm i'm allowed to go good at 10 people people bawley people say yeah yo divy you know don't and how it down and i think not even crazy can buy no yeah i think you can maybe but you can buy more no because people kind of disappointed and even if it dropped to it go go again after after because the noise is right that's the music if it started if the things that hold it up stop holding it up if them pause a little while and it's just left to retail and it fly back down to eight, seven.

I mean, seven is still maybe 50% above where it was, I think, in the last year. So seven is, for the heavy fun, seven is a great thing if you're counting year to year,

I believe, right? But for the retail, you know, if it dropped from 10 to 9, a lot of them are going to be scared and willing to jump out and see what they have. And so, yeah,

that, yeah, man, that's the fear that would hit the market at seven. Different war game. Yeah, man. I think he went to nine that a day. Inchardy? Yeah, 975 or something like that.

I was so happy. I was so happy buying it. I was so happy buying it. Even now, even now at 10. Even though I bought, I bought a lot. I bought a lot. You know why it's easy for me too? I found a contract note.

of me selling about about 300,000 shares below $2. Below $200,000 shares below $200,000. Yeah. Make some money with it, man.

Trust me. As much as I know what happened over the years, it's still I still, it's a make you think. Yeah, man, that's that's, that's three million dollars that, that, that, that I sold for, for less than half a million. Okay.

So it makes it very easy to go, should I or should not? Just, just do it. And the funny thing is, yeah, yeah, and it also gives me no compunction around selling, selling heavier than maybe I would before. that this only is blow in my mind, only when others are fearful. It's blowing my mind. Can you imagine if you're able to control the fear? You remember that, you know what a carib cement thread? Oh, yes, sir.

Yeah, the guy who said when he was fearful, how much him said it from? My God. Well, hey, guys, is the last call of the last. call it and say if you want jump on jump on no but i got this this only and i wonder why i wonder why it's not quoted with the only because because because the people that are saying they're saying something and the only doesn't say the only doesn't say that for them be fearful when all of our agree grieve when all of are fearful i think i think it just sounds it sounds good without it it's a thing that everybody knows without it but the only i think i think that's i think the thing

that it says for is what people that are saying they're saying what he was saying a very specific thing and that's not what they're saying yes industry truism it's a they did it just like the market is

though you can't time the market it's it's the thing they're saying is very different they're not actually it's so interesting the attempt the attempt

the attempt hitting me how I don't know because of the only we simply attempt to be fearful not be not be fearfully attempts to so if you think of it as selling you know saying yeah but we might not even sell that much when it's up high we try what we guard it we do what we sell it's actual feeling to them that's actual deal in the market but when everybody is fearful that's the only time that we allow ourselves to be greedy like when you're like yo when you are sure that is you, I'm getting out. It don't make sense. That's like my boy then in JBG.

It's the only time to go hard and go greedy, but as always, unless you have unlimited money, you still have your time around it. But if you're comfortable, waiting 10, the only time to be greedy is no. It's like the 18, greedy, greedy. When it reached, it dropped down to the 10, or is it 10 yet? I think he was 10, whatever it was, then you kind of have to, you kind of have to be greedy. You don't have a choice. 12, now give it time. Wow.

Imagine that. Imagine going, no, I'm buying the trans, I'm buying the JBG and ignoring the Transjamaica. Peter Lynch had another version of it when he talked about the dinner party. I think I've spoken about that before though. So, let's get to you, but like he's like, you know, when he had the dinner party and the two versions that they didn't party, they didn't. party where you're trying to explain to somebody, oh, there's a road in Jamaica and it's great, and they're not, you can't, you can't convince them to buy anything named,

the road, the road are all over. So about when it top pot hole, or maintain it, the other, a lot of those things, right? But when everybody and them cousin telling you about, no, the dividend is so great and the property is great, that's like, oh, that's when I need to get out when the guy who I couldn't convince to buy this thing flips to telling me how great this and telling me all kinds of other things. It's okay, yeah, market is so hot now. It's time for me to be fearful, attempt to be fearful. This is blowing my mind. Big up Warren Buffett. Every time. Yeah, man. He stepped down this week. Yeah. What you think? What you mean?

I saw the headline about him stepping on and I wondered if he was dead. Oh, I saw a screenshot of a post, of our Instagram post. Same letter. With the letter to the shareholder. I was him stepping down and his son stepped up. Oh, yeah. And I was he did. I know he really, really, really, really soon.

I think he Yeah, I think he's set proceed to set down with that I mean now, what I need for do. I think this is part of what I need to do, but supposing dead. Suppose you're like,

no, I mean, things set up, if I die in the seat, things already set up all, nobody ever knows when they're going to die, so, you know, my proper succession plan and everything,

but supposing dead. At that level of wealth. You remember? What? It will be announced. No, no, no, it will be announced, but maybe certain things I've been put in place before him dead.

Okay. What are the truest things? What are the truest things from succession was in the episode when he finally died. And they're like, oh my God, no, no, and it's like, stop, hold on. Close the door. Because like, what we're about to is going to be.

He carried that thing and the, and then, exactly. It's going to be what. Yeah. Yeah. And I found it funny and then it, I found it funny and then, and then I've seen, I've heard about situations afterwards where in other cases where, yeah, no, you want to know when, when the person died. You don't know whether he needs at least two days. He can't die. He has to die. He can die. He can die Tuesday. He is not, I know. I know. I know. no, it's sad. I understand it's sad, but at some point the tears are going to dry. We found him like this. We don't know how long you did there. You don't know how long he was

there. Yeah. Yeah. It's at some point in tears are going to try. Nobody's on check on him. And you're going to, you're going to need to know. Yeah. He did not die now. He died next week, Tuesday. And I have, I hold in my tongue. Remind me after a little. I'll say, I'll say so to you that I. But yeah, it is, it is at that level. You don't just dead. You get me? Like, what, what might be the impact if you died in the seat versus you died outside of the seat? You know, do I sue your state for lack of fiduciary due to because you did not step down when you should have, when the records show that you're ailing so much that you should have known that it's set down and blah, like you won't avoid all of that. So,

you know when I die I make sure I die two days after I die and hand it over to this person blah blah blah blah they be sure when I announce it like after a certain level people don't dead when we hear them dead then you know it go the queen show well some would say the queen may have shown that you know there are all these jets heading to England that's not to say she couldn't be on our deathbed obviously right but is I thought across her mind and I thought to share yeah yeah Anyway, on that dark note, well, I think it's a good note, because he has lived a life that has taught many investors across the world. Many are things still teaching us.

Still teaching. Yeah, good point this. Trust me. Still teaching. That is blow my mind. All right. Well, nobody else has sent anything and I think we've done more than enough. I like, I like the conversation.

Nice to market talk. I can mostly dodge what we like. I'll say that my most interesting thing for the September has been, I said one of two things, month today. I mean, obviously I like the Jetcon just on a sheer price basis, but I did say that I sold.

I wanted a quick 20%. I went back in, get my 20% again, come back out. And, well, come back outish. Oh,

yeah. I was getting that one. Okay. All right, Williams are you will uh maybe next to look at all right it was right it was right it was maybe next week have a nice to talk about it a proper talk about it in depth but yeah a r a r a rio williams is also oh i've one that's on my that's on my radar it's on my radar i've bought it i do own it the people would grow i would know because i did tell him before i bought it

as I was looking at the pleasure of being able to buy it for a lot higher than I wanted because I spoke to them before I bought myself. So I had a wonderful, wonderful pleasure of spending much more money than I wanted to, to get in my, and it is where it is now. It is a story. Surprising to me, CPJ. Oh, that's surprising. I was not a, in fact, I just came over.

it. Okay. I think I probably take another look at TPJ, actually. Yeah. But it's actually surprising. 28% in the last, in the last. You think I have not been looking at it. Yeah. It is, it is a very, very surprising number to me. Yeah, very, very, very surprising number to me in terms of does its movement back up. And I don't really have a reason for a while, but I have. I think a chill session, I said it, and I'll say it again in group.

I have my own little theories as to why. Yeah, and I think maybe Image Plus. I think maybe some of the sharp researchers looking out there, Image Plus, some acquisitions. I think a lot of people hoping that Image Plus IPCL is going to have something. I think they did two acquisitions, and they might have some announcements. and I don't know, here's hoping. It depends on how many more people I think I've done.

I think it's like a researcher's stock. No knock at all or anything to it. I do also want an IPCO. I think it's like a researcher stock. If you did the research, you see, you know, all the things that line up like something there is. No. Yeah, I'll leave it there.

Yeah, I think that's three. That's great for whatever reasons. And Jason, on YouTube, sorry, I've been ignoring most of the YouTube comments, guys. There's so many so much I can do. Just on YouTube say, reading Buffett truisms is nice and all, but I'd like to hear some Randy and I'd deny truisms. The arc fox is coming to JetCon. That's a truism.

You know, that's also one of the hardest things when people ask me, those drops, the people, people, and I give it all ask. You know, just tell me something. Yeah. Just tell me something. like I don't have a thing that's in my head that's, you know, at any given point I can just say it.

Yeah. And that is why so much the popular guys have things they always say. True. They have things that have a couple of things just ready to throw out there. Carripe cement, career has to pay good dividends now. No, that's not even, right? It's not even stocks. Or you mean like, say, 30% of your paycheck?

They want trueism from me. Ah. In the moment, it does not strike me. I'm sorry. I usually think based on somebody saying, it's never, I don't have to tip them up back of my head. Oh, yeah, make sure you do X, Y, Z, if you want, A, B, C. Yeah. Yeah.

But people want that a lot. Yeah. That's how it work. Yeah. I have a couple of truceims thanks to grow and the experiences around grow. You said, you might as well, you get asked enough and you can't have to do it, right? You can't have to do it. Yeah. And you see, I see a lot of the same mistakes from people who want that sort of stuff. Myself to like how important the goal is.

One of the, one of the, there's a joke on us to say the goal base investing guy. Kind of important. It's kind of important. And even know, 99% of the time when people just want to hear something, what's a mistake they're making? Like I can tell you, you can come on and ask, and you can ask for, you which stock you think are fly and I can tell you what I think is going to fly and why.

But I can't tell you if it match or you want. A different thing, if I know what you want and when. And if I don't have that, I can't really tell. I can just tell you something, but that don't help. But if I know what you want and when, make a world difference and what is that that's a goal everybody no people think them they want here trans america five years ago but five reasons ago they want a one year play yes that's true last year them they want a one year play but they wouldn't buy transamerica cause it too high

like fly up already yeah yeah yeah in december last year it's too high it fly gone already want something new no you don't only people are you free for sale they sound they sound so That's true. Yeah. But you don't want something new because if you hear something new, it won't sound good. Yeah, if you hear something new, it won't sound good. It won't sound exciting. I mean, if it's so exciting, but I go and watch it and see. All right? You're going to buy it 40% higher. Or link than I, link than I, when it's 40 or 50 or 60% higher asks, yo, that thing, they're still good? Yeah. Anyway, people, if you want to avoid that mistake, everymicle.com slash GRWR.

If you want to keep track of the market, my money,j.a.com, use the app, use the AI, use the, I mean, I tell you, one of the bad things, go on and ask the AI, any situation you want to know, ask it, and see what I tell you. You might be surprised. Make sync your portfolio and ask it to analyze your portfolio and tell you, tell it what you want, generally, and tell you to analyze your portfolio,

tell you what improvements you think could be made to it or where you're falling short or what some options are that could possibly improve it. There's a line there. It's not going to give you actual hard advice, but you might be surprised. It might tell you, it might make you look at your portfolio in a different way. Yeah, if you say you like dividends, don't just ask a top dividend stocks, which you can. Lovely, we'll tell you that, but ask it, I want a strong dividend payout over the next five years. Look at my portfolio and tell me what I could improve in order to get that and what is fitting that model from now or something like that.

You'd have to have it right. It will figure it out. But do it. You might be very, very, very, very, very, very surprised at what it tells you. Use the app. Keep track out. Use the alerts. I mean, keep you going to keep you going.

And if you see what your money, you're going to like the stuff that's coming more and more. I've been saying that for years, but thankfully, hopefully I've been delivering it also for years and we have more to deliver and if you can but any of that yourself you want somebody else do it for you link than i at the hall advisory.com and you want a human touch yeah and you want actual advice you want figure you want somebody to say okay this is actually what's going wrong in the portfolio what you should be considering for your goals then let's have a hack the higher advise you dot com and you mix it to them it works amazing beautifully

Yeah, man. Notice what I said about Ari Williams, the thing that has been 40, 35 and 40% percent. It is now up 96.6. The start of this month is up 96.9%. And I know, as much as I'm annoyed, I shouldn't say I know. I'm hoping that there's a lot of the group that has bought into it because of what we went through at the recent chill session and over the last few weeks. So kudos to. You guys. And it's a reminder to me to not always tell everything I had to buy first and say what I'm buying versus what I plan to buy.

God. But anyway, having said all that, guys, thank you very, very much. I hope the episode has been fun. I hope you've learned a lot. I hope it makes sense. I hope this blow your mind as much as it blow down and I mind. This only is a big, big, big deal. a good example of why you should go back and check the source material because I've never

been the only changed the only change is the entirety of the point in my view yeah you want to talk to us about Buffett link us next week it's been on our brick talk have a great night guys see you next week