Bonus Episode: Meet Comedian V Economist!

Bryce leske: [00:00:56] Welcome to another episode of Equity Mates, a podcast where we follow our journey of investing. We break down the world of investing from beginning to dividend so that you can hopefully make some returns. My name is Bryce and as always, I'm joined by my equity buddy, Ren. How it's going? [00:01:09][12.5]

Alec Renehan: [00:01:10] I'm very good Bryce now I know I said I would stop saying I'm excited for this episode, but I've got to say at this time I am very excited for this episode because this is a new thing for the Equity Mates team. We've got a new show. [00:01:25][15.0]

Bryce leske: [00:01:25] We do have a new show, Ren. So this is a bit of a bonus special episode. We're excited to continue with the plans that we let everyone know when we recently did our episode on celebrating the fact that we were both full time. And we did mention that we had a few new shows about to launch. So it is with great excitement that we welcome Adam and Thomas Kylie to the show Brothers, who will be launching comedian versus Economists'. Gents, welcome. Thank you. [00:01:56][30.5]

Adam Keily: [00:01:56] Good to be here. G'day. I'm actually relieved that Ren is excited because I really don't want to be on the first episode where he isn't excited. [00:02:07][10.6]

Alec Renehan: [00:02:08] Let me tell you how excited I am. [00:02:10][1.8]

Alec Renehan: [00:02:10] I've actually crept out the blanket and I'm recording under the blanket. That's all really I only cry about when I'm very excited about it. [00:02:18][7.8]

Adam Keily: [00:02:18] Oh, man, I'm flattered. [00:02:19][0.9]

Bryce leske: [00:02:20] So, yeah, we are. We're looking forward to exploring a little bit about the show, but we do want to get a bit of information and background on the two of you are brothers and the show appropriately titled Comedian versus Economist, which we can get into, I guess now. So maybe we start with you give us a little bit of a background of who you are. Are you the comedian, all the economists? Are you Niva? And let's start with that. [00:02:46][25.7]

Adam Keily: [00:02:46] Yeah, cool. So. Well, I guess we can definitely rule out me being the economist. So I guess by default that makes me the comedian in this relationship. So yeah, I live in Adelaide. I started out in comedy probably ten years ago, I think twenty seven maybe did a raw comedy competition, went on to be the national finalist there, and then been doing a bunch of shows at the Adelaide Fringe and various other gigs around the country. I suppose I had a bit of a stint on commercial radio here in Adelaide on SFM and Triple M, and I also have a side hustle as a cybersecurity specialist, which I do for about 40 hours a week so that that little side hustle tends to pay the bills more so than the comedy. But yeah, it's good fun. [00:03:34][48.2]

Bryce leske: [00:03:35] Nice. And now you're turning to podcasting is another sort of. [00:03:39][3.9]

Adam Keily: [00:03:42] Yeah. Just following those rivers of gold that were laid out in the comedy world. Just let me here to podcasting. So, yeah, Tom and I started, as everyone did during Covid. We started our own little podcast because I had a bunch of questions about money that I needed to ask Thomas. And given that he is a money type, I thought he was the guy to ask. So we decided to essentially record those questions and make it into a podcast. And that's when we saw you guys reaching out for another show and we thought, yeah, we might be a good fit. So here [00:04:16][34.4]

Bryce leske: [00:04:16] we are. So you obviously didn't see you didn't say that ABC ad that they did that was strongly advising everyone not to podcasting Covid? [00:04:26][10.2]

Adam Keily: [00:04:28] Yeah, I don't want to say it was directly targeted at our show, but it was released like literally three days after we dropped the first episode. I just got inundated with messages on Facebook or whatever this guy had. You see this? So you saw in your podcast, check out this little video is not yet ready. [00:04:44][15.8]

Alec Renehan: [00:04:44] So Thomas Adams, tease you up there a little bit calling you the money type. So can you tell us a little bit about yourself and how you came to be the money type of the two brothers? [00:04:59][15.1]

Thomas Keily: [00:05:00] Yeah, well, yeah, I'm yeah, I'm an economist. I started at the Adelaide Fringe Economics Festival, [00:05:05][4.9]

Alec Renehan: [00:05:09] just a popular comedy festival idea. [00:05:11][1.9]

Thomas Keily: [00:05:12] Yeah, yeah. It's building, it's building. [00:05:13][1.5]

Adam Keily: [00:05:16] rave reviews from the person that went. [00:05:17][1.5]

Thomas Keily: [00:05:19] Yeah, it's I studied economics at the University of Queensland and then I did six years at the RBA in the economics department. [00:05:27][8.4]

Adam Keily: [00:05:29] Sit down with the slide in with the jargon lipoma. [00:05:31][2.6]

Thomas Keily: [00:05:35] Yeah, so the Reserve Bank of Australia, Australia's central bank. Come on. Your listeners will know about the RBA. This is Adam. That doesn't help. [00:05:43][8.6]

Thomas Keily: [00:05:46] Yes, I did. Six years there in the economic group. And then I've been freelancing sort of since then. Yeah. And then when Adam called me up and said all of these questions about what he should do with his home loan and interest rates and stuff, when covid hit and the stock, the bottom fell out of the stock market, we started having these conversations and I was like, and he's like, I've got mates who would be interested in this. And it's like, well, why don't we just record it? And then you can just ask me some questions and then share them with them. And then it's like, well, that's a podcast. All right, let's do a podcast then. So that's sort of our angle. And Adam's always been the funny guy, like, you probably sort of start to pick up. And he has a good, good sense of the ridiculous is what we always we're always thinking. Yeah, my job is, is to have a bit of a thick skin. [00:06:34][47.3]

Bryce leske: [00:06:36] gags. Yeah. When we first met you both and sent out the call out to our community to see if there were anyone keen to start a podcast, we had a few initial ideas. But, you know, when we first met you both, I think the dynamic between you two is great. You know, we couldn't stop laughing so very much. Looking forward to seeing what comes in economics. [00:07:02][26.0]

Adam Keily: [00:07:03] Sure is funny, Bryce. [00:07:04][0.8]

Bryce leske: [00:07:07] So let's build out a little bit on what the show is going to be about. It is obviously called comedian versus economists. And Thomas, you did mention that, you know that Adam was asking you a bunch of questions during Covid. But I mean, more broadly speaking, what are you trying to achieve with this show? [00:07:26][19.2]

Thomas Keily: [00:07:27] I think I think one of my personal agendas is demystifying a lot of the economics and economics has always been this thing where people feel it has this huge sway in society, that it seems to influence politics, it influences markets, it influences the kind of services that the public sector provides. And it has these sort of huge impact. But people feel that they can't penetrate it, that these numbers come up with these economic arguments come up, the politicians make. And it's sort of like, well, I don't know what they're talking about. They're talking economics. So it's out of my ass, out of my field now. And I think economics isn't as complex as all that. There is a bit of jargon. There's a sort of, you know, a few moving pieces and that fit together in a kind of a complex way. But, you know, with a bit of a sustained attention and a bit of a guide, perhaps you can kind of get a get a handle on it, I think. And that's what I'm excited to sort of offer people is is a handle on how the economy works, how it influences the kind of things that the the day to day reality and also their markets, if they're investors and give people a bit of that bigger picture [00:08:32][65.8]

Alec Renehan: [00:08:34] Nice one and then Adam, from your perspective, what are you hoping to get out of the show? [00:08:37][3.5]

Adam Keily: [00:08:38] Look, I'm just an attention seeker, and I heard you guys had a big audience. So that's why I am in. [00:08:45][7.1]

Alec Renehan: [00:08:46] Oh, you're hoping to sell out your next comedy show? [00:08:48][1.8]

Adam Keily: [00:08:49] Yeah, that's right. [00:08:49][0.5]

Adam Keily: [00:08:51] Now, I mean, like, dont get me wrong, as Tom said, you know, I've got investments now. I'm like a proper grown-up these days. I've got, you know, a home loan and savings and all that sort of stuff. And so, you know, I think for me, you know, as Tom said, this is how it all started, me wanting to know more about not just what stocks to buy, but I guess what moves the markets, what's kind of, you know, what's driving all these markets like this baffles me that the sort of markets can kind of go up and down almost as a whole, like none of that sort of compute to my brain. So so, yeah, I really just trying to tap into Thomas's economic brain and he's understanding and trying to, I guess, convey that in a term that's in a way that's interesting and, you know, hopefully entertaining for people rather than, you know, Thomas can tend to just sort of rattle on a bit so, you know, shut him down and bring it back to something a bit more lighthearted. [00:09:46][55.4]

Alec Renehan: [00:09:49] So I'm really excited about this show out of Ben Thomas. I think economics is something that Bryce and I haven't touched on in any great detail. So we're pretty excited to learn more from you, Thomas, and get a better grasp of everything from, you know, GDP to interest rates, all those macroeconomic terms and factors that have such an influence on investing. So I guess to give us a taste of the show, what are some of the common myths out there around economics that you're hoping to bust? [00:10:21][32.3]

Thomas Keily: [00:10:22] Yeah, I think it starts with that, that economics is impenetrable and that there's all this jargon. And it gets really boring really quickly, and I think that's just sort of the nature of the beast, but it doesn't have to be that way. And I think you can you can attack it in a way that's accessible and accurate in the real world, anchored in people's lives and the decisions that they're actually making particularly. And that's really easy if they're investors. But even if they are just sort of generally interested in how the world works, you know, you can break it down and help people see how it all fits together. And the economy kind of works like a large organism and all these sort of bits sort of feed off each other. And once you sort of start to understand those relationships, then the bigger picture sort of starts to come into view. So I'm excited for that. That's one of our agendas that we're bringing. And I think right now it's a really interesting time in economics. Economics is in the middle of a paradigm shift as a discipline. Central banks are playing a role that they've never played before. Monetary policy is an entirely new beast. And right now, no one knows how that works. No one knows what that's going to look like, what the next 10 years are, how the next ten years is going to unfold? Yes, I think it's going to be really exciting to sort of think through this in real time as as it's unfolding and as people are getting their heads around the new realities. So I think that's going to be exciting for us. [00:11:45][82.5]

Adam Keily: [00:11:45] Even going a step further with that, just following on from what Thomas said that. So we're really interested in, I guess, starting out with a kind of an introduction to a lot of this stuff. So for me, you know, I don't I don't know half the time what Thomas is talking about. So I really kind of doing an economics 101, but not in a textbook kind of university, boring way, but doing it in kind of hopefully a fun way that you can get your head around or I can get my head around, you know, all the different the different jargon and the different mechanics involved in what makes the economy tick. And then I figure if I can get my head around it and understand that that's going to be a really good grounding to the listeners out there who are going to really benefit from having that knowledge as well. So so that's really kind of the approach we're taking to start with is just do a kind of Economics 101 to begin with the first few episodes, and then we'll get into more of the, I guess, the meet, which is current events and things like the US election and what that means for the economy and what that means for Australia and trade wars and all the rest of it, how that affects everyone. [00:12:47][62.3]

Bryce leske: [00:12:48] Yeah, I think it's a really good complement to the Equity Mates community, because, as I mentioned, we focus a lot on, I guess, the detail of investing in companies and how everything works at that sort of micro level. Where is it? It's really important to understand what is happening at a macro level to help inform the investing decisions, but also, I guess, inform much greater money decisions in your life. So I think what you guys are trying to achieve is is awesome and will be a great complement to what we're also trying to do. So I'm very much looking forward to it. Adam, what myths are you trying to bust about comedy? [00:13:28][39.6]

Adam Keily: [00:13:34] That comedians are always funny, I guess is the big one? I read a lot. A lot. I used to get this question. Quite a lot of people come up to me after a show and I said, hey, do you sort of do you write all your jokes or do you just get up there and just kind of wing it? And so I think to me, like, of course, we write everything like, you know, as a comedian, you just draw your gags and, you know, there's not many people that can that can just wing it. But good news. I'm just gonna be trying to wing this show. So so we'll see. [00:14:01][27.6]

Bryce leske: [00:14:03] no, that's our style. Fast and loose. Right. One quick question or one quick question before we just understand maybe what the first couple of episodes are going to be about. Obviously, we have to tag this for the iTunes chart. So we're putting this on the business or putting this on the comedy. [00:14:21][17.5]

Thomas Keily: [00:14:31] I think we got to go for business. I don't think we're going to compete in the comedy market today. [00:14:35][4.4]

Alec Renehan: [00:14:36] Adam, That's a that's casting. As opposed [00:14:38][2.0]

Adam Keily: [00:14:41] watch out Joe Rogan, we've got an economics podcast coming for you. [00:14:43][2.5]

Bryce leske: [00:14:48] We'll have to think about that one. But you mentioned that, Adam, that the first sort of 10 episodes are going to be a macro one or one, which is a great way to start. Give everyone an understanding of the basics that they need to understand is as you then progressed through the journey of this show. So what can we expect from episode one? [00:15:10][22.0]

Adam Keily: [00:15:11] Episode one is just going to be exactly that. It's just a real introductory episode to macroeconomics, some of the terms, but hopefully not too many, you know, getting people's heads around the different parts of what makes up the macroeconomic picture. I guess, you know, GDP is a there's an acronym for you. I don't know what it means yet, but in episode one, we hope to find out. [00:15:35][23.8]

Bryce leske: [00:15:37] And Tom, what about that? [00:15:39][1.3]

Thomas Keily: [00:15:40] Just a little bit of information to that. [00:15:41][1.5]

Adam Keily: [00:15:46] Thomas is the older brother. You'll find this happens alot. [00:15:48][2.2]

Thomas Keily: [00:15:52] the first episode. We're looking at a reference point. So with the economy, the economy as an a term is quite nebulous and it means something different depending on who's using it and the context it's being used in. And so we're just the first step is we just like what our reference points wild. Why do we care about the economy? What are we actually talking about? If the data is good data, what is it good in relation to? What are we sort of interested in? How does that sort of the economy or whatever, that however we define that interface with the world and the things that we care about? And so that's sort of our starting point. And then from there, in the second episode, we're planning to get into headline indicators. And these are the things like GDP is out of mentioned and just give a bit of a framework for how all the data, because one of the challenges with economics is this very data driven. So if you're not savvy, you haven't spent a lot of time with data, and understanding those terms, it can be a bit overwhelming. So in that second episode, we're just going to give people a really simple framework for understanding the entire universe of economic data and how it fits together. Actually, she sounds pretty ambitious. Now, I say that. [00:17:04][71.3]

Alec Renehan: [00:17:11] now we have three official policies here, Equity Mates firstly, that we will all go from the bottom up. One, we hate paperwork to we hate phase. And then number three, we hate jargon. I guess the question is, are you guys going to embrace those policies as well? Jargon free economics show. [00:17:30][18.9]

Thomas Keily: [00:17:30] Yeah, we can do so. sorry there's no fee? [00:17:33][2.5]

Adam Keily: [00:17:37] Is it too late for me to pull out? We're both out of the shower now. [00:17:49][11.1]

Thomas Keily: [00:17:49] I think I think that's definitely an agenda. And then Adam's going to carry that agenda because he doesn't understand any of the jargon. So he's going to have full license to pull me up if I start drifting off into the lingo too much. [00:18:00][11.0]

Adam Keily: [00:18:00] Yeah, I think about that show an idiot abroad. Do you remember that way with Karl Pilkington or try to make sense of the, you know, Eastern World or whatever? I think that's a lot like me walking into the world of economics. It's going to be lots of jargon and things that we're going to unpick. And that's to me is really quite right. I get my you know, I get my friends that come to me and they want they want economics and investment kind of advice, because they know my brother's an economist. So, yeah, hopefully, if I can understand it, then everyone can understand it and we can all kind of go on that journey together. [00:18:33][32.2]

Bryce leske: [00:18:33] So yeah, it's going to be awesome. Very much. Looking forward to episode one. The launch is Wednesday, the twenty fifth of November. So we're not too far away just in a week's time or so. So keep your ears tuned for that. Head over to the feed now and subscribe so you don't miss the first episode. Just a reminder that is twenty first of November. Wednesday twenty first comedian versus economist. [00:19:01][27.7]

Alec Renehan: [00:19:03] Yeah. Bryce. [00:19:03][0.4]

Bryce leske: [00:19:05] What did I say. Twenty first [00:19:06][1.3]

Bryce leske: [00:19:08] sorry. Twenty-fifth of November. [00:19:10][1.4]

Adam Keily: [00:19:12] I said you needed some help so I was lucky we got here and we did. Well, that's Anthony. [00:19:15][3.0]

Alec Renehan: [00:19:19] Look whether it's the twenty first or the twenty fifth the feed is alive and so subscribe today, so whatever Bryce decides is the right time to drop the first episode, you'll be subscribed and it'll appeal process. [00:19:32][13.1]

Adam Keily: [00:19:32] Bryce has got the date wrong and Alex under a blanket [00:19:34][1.8]

Alec Renehan: [00:19:39] only opt for here. [00:19:39][0.8]

Bryce leske: [00:19:44] Boys are very much looking forward to it. I'm sure there's going to be plenty of laughs. Usually, it's pretty hard to keep Alec under control when it comes to speaking. But all I've heard from him is a lot of chuckling under the blanket for the last minutes. [00:19:55][10.6]

Adam Keily: [00:19:55] So I want to know what he's doing under there. Creates a really weird visual for me. [00:20:02][7.6]

Bryce leske: [00:20:05] Adam and Thomas, the Economist, we're very much looking forward to and wishing you all the best with the launch and a successful podcast from. Glad you're part of the Equity Mates community. I'm sure that you're going to be adding a lot of value to their journey, as well as those that join thanks to the work that you're going to be doing. So looking forward to it and we'll be getting you on the show to see how it's all going later on down the track. [00:20:33][28.3]

Thomas Keily: [00:20:35] Fantastic. Yeah, thanks for having us. We were really excited to build on the work you guys have been doing. It's been awesome. So we're really grateful to to be here. [00:20:35][0.0]

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