Lessons from FinFest: the bull case for net zero & investing in wine

Maddy: [00:00:21] Hello and welcome to You're In Good Company, a podcast that makes investing accessible for everyone. I'm Maddy Guest and as always, I'm in some very good company with my co-host, Sophie Dicker. 

Sophie: [00:00:31] Hello, Maddy. How are we on this fine day? It's nice weather outside. 

Maddy: [00:00:36] I know. It's beautiful. We're good. How are you? 

Sophie: [00:00:38] Very good. Got a little wine here? Having a bit of rosé. It's not bad off, but quite nice. 

Maddy: [00:00:45] And as always, we are joined by producer Sash. 

Sascha: [00:00:47] Hey, we got a little bit that was served musical slide singing before we hit. 

Maddy: [00:00:54] Record and that's Sascha come on with it. I love it. 

Sascha: [00:00:56] You just judge. Me so I'll do my thing for you. Okay? You know, you're singing.

Sophie: [00:01:02] That was so unintentional. But then we go setting the scene for the evening, isn't it?

Sascha: [00:01:07] So, guys, we know morning or whenever you're listening to all of it. 

Sophie: [00:01:10] I said all these rules and then I can't obey them. Oh, gosh. 

Maddy: [00:01:14] All right. So let me just put us back on track. We are fresh back from FinFest. We have just had the three of us have had a bloody great weekend, I must say. 

Sophie: [00:01:23] Yeah, it was like 9 a.m. We got there thinking when the gates open at 9 a.m., we think you will get there before the crowds. 9 a.m. There were so many people there, I couldn't believe it.

Maddy: [00:01:33] So if you. And I walked in and were both like, Oh my gosh, like what? Like we were. Part of planning this and organising this, and yet we were like, This is awesome. Like, it really exceeded our expectations. 

Sophie: [00:01:45] Yeah, I think next year I'm going to rally around it so much because honestly, all the chats are amazing. This framing, right, is we just like running around all day, being hot girls for Equity Mates and drinking coffee.

Sascha: [00:01:55] We just loved it. What are. 

Sophie: [00:01:57] You're going to tell everyone what we did on the mic about phones. 

Sascha: [00:01:59] Oh, hi. Yes.

Maddy: [00:02:00] So Jordan from the have you spend actually gave us a QR code, so a screenshot of the QR code and we put our receptors, our screensaver on our phones and like people would come up to the Equity Mates area to get like a free bag. It would stand there and make people scan the QR code pretending that you had to do it to get it back. 

Sascha: [00:02:19] I'm like, who is? I'll send everyone to YIGC. See there's like. 

Maddy: [00:02:24] We got like 11 new. [Sascha: [00:02:25] Followers from it. 

Sophie: [00:02:27] No, there was actually heaps the next day, but all good things have to come to an end. And our ending came to an abrupt halt with if you follow us on Instagram, you would have seen an absolute saga with Jetstar. 

Sascha: [00:02:38] Yes.

Sophie: [00:02:39] Which I don't know if we should really even go into it. 

Sascha: [00:02:42] I mean, from. 

Sophie: [00:02:43] A traumatic it feels.

Maddy: [00:02:44] Like some motors have come after. I've sat here for the last few weeks until it got how much luck I have with travelling. But I have to say I was zero on the way out. Very smooth sailing on the way to Sydney. Not so much on the way home. 

Sophie: [00:02:56] I think the best thing is to paint the picture as I was suppose to fly a whole day after you and I arrived at the airport and you are still there.

Sophie: [00:03:07] Sascha was like the Virgin manager and she came out with. 

Sascha: [00:03:09] Nothing new for us. We were like. 

Maddy: [00:03:12] Thanks, I feel Miss Cry of Happiness. 

Sascha: [00:03:14] I think actually. 

Sophie: [00:03:15] They were really good muffins. Like Virgin, if you're listening really good, nothing's well done. 

Maddy: [00:03:19] If you did miss that on social media, I'll give you a very quick wrap. We turned up at the airport for our 11 a.m. flight. It got delayed 6 hours. It got delayed another 6 to 8 hours. After that, at about 11 p.m., we ended up at Central Hotel. We had to go through customs because randomly our Sydney to Melbourne flight was leaving from the international terminal. We got into a hotel, we came back the next morning to get on a flight delayed again and then we got on the flight stuck on the tarmac due to technical issues, had more delays and got home about 27 hours later. How's that for a rough, pretty speedy, pretty good. 

Sophie: [00:03:49] The joys. So this week we are going to talk about two of our lessons that we took away from FinFest. We both felt like we learnt a lot. 

Maddy: [00:03:58] It was honestly, yeah, have to come next year if you didn't make it, it was just the best day. 

Sophie: [00:04:02] And so we kind of picked out things that we didn't really know before going into film first and going to tell everyone what we feel like we've learnt. Do you want to start with your lesson? 

Maddy: [00:04:15] Yes. So I was fortunate enough to MSA one of the sessions which was which was called the biggest investing opportunity since the Internet. And that was done our the session was around back here and more from Monroe Partners. And basically, he was really talking about structural trends. And the biggest structural trend that is happening at the moment is the transition to net zero. 

Sophie: [00:04:37] And so when you say structural trends, what do you mean by that? 

Maddy: [00:04:41] Yes. So a structural trend is a dramatic shift in the way that an industry or a market functions, which is often brought on by sort of major economic developments. So I guess if we think about the transition to net zero, we know in the world at the moment that we are really feeling the impacts of climate change. So it's very front of mind for everyone because companies, businesses, governments are actually carrying a lot of costs associated with the impacts of climate change. So big structural changes happening off the back of that. 

Sophie: [00:05:12] And who is like the I guess, who are the people that are implementing the structural change? Like is it governments? Is it like companies? How does it have what did you take away from what he was saying? 

Maddy: [00:05:21] So Kieran talked about he sort of made a case for climate and he talked about how without current policies the world is projected to result in around an increase of about 2.7 degrees warming by 2100 like 20. 

Sophie: [00:05:37] Well, say that again. 

Maddy: [00:05:38] For me it's like 2099 the year after 2100. 

Sophie: [00:05:43] Oh, okay. 

Maddy: [00:05:44] Yeah. Which sounds like a long way away. Right. But it's it's our kids lifetime of potential kids. 

Sophie: [00:05:51] You don't have any children. 

Sascha: [00:05:52] Running around that we don't know in most generations. 

Maddy: [00:05:55] Lifetime. And he basically talks about how there are three massive tailwinds that are causing a lot of money to be flowing into the transition to net zero. And that is the fact that countries are setting targets, we're saying corporate setting targets and also investors setting targets. So, for example, superannuation companies are no longer driving investment dollars towards companies that don't have emissions reductions plans or net zero targets in place. 

Sophie: [00:06:25] So are you saying that the three tailwinds are those countries, companies. 

Maddy: [00:06:31] And investors. 

Sophie: [00:06:32] Investors? So you and me are the ones who are driving an inflexion point for environmental change.

Maddy: [00:06:39] Exactly. So you mentioned the inflexion point there. Something that I actually had quite a few times from different speakers throughout the day was this idea of an S-curve. Yeah. Now I'm going to try and paint the picture for you and let me paint with my hand. 

Sascha: [00:06:52] Imagine the letter S. 

Maddy: [00:06:55] And then I want you to take the top right hand quarter and the bottom left hand corner and pull it outwards. So basically if you start at the bottom left, you've got kind of this like a straight line going across and then you've got like quite a sharp up and then a straight line going across that the other side again, does that make sense? Yeah, it's like. 

Sophie: [00:07:13] It's like a big hill.

Sascha: [00:07:14] It's like a big flat. 

Sophie: [00:07:16] Yeah, it's a big hill. And then it's when you get to the top, yeah, you're going again.

Maddy: [00:07:19] So the whole idea about the S-curve is that you want to invest in companies or industries that are on the S-curve and that are right on that inflexion point at the bottom that are about to go up the steep. Kev. So that means they're going to grow really rapidly and there's a lot of money to be made in investing.

Sophie: [00:07:36] So this is why he's making the comparison with the Internet, like the biggest opportunity since the Internet, because the Internet had an S-curve. You're both nodding at me, so I'm going. 

Sascha: [00:07:44] To take that as a yes.

Sophie: [00:07:46] So I was in that talk as well, and what I kind of took from that was that right now we're kind of at the bottom of the S-curve, like we're at the hill that we're about to climb and that those three tailwinds are all putting in money to help like fuel that growth. Is that kind of how the S-curve works?

Maddy: [00:08:00] That's exactly right. And I think the key thing that he talked about with the S-curve and structural change is that these things happen independent of what is happening in the world around it. So forget Russia's invasion of Ukraine or the RBA, rising interest rates or natural disasters, any major economic events. This is going to happen regardless of all of those.

Sophie: [00:08:19] Things because it's such an overarching theme that people are putting money towards. 

Maddy: [00:08:23] Anyway.

Sophie: [00:08:23] Exactly. He made a good example in Sorry to steal your lesson, but adding to. 

Sascha: [00:08:27] It is.

Sophie: [00:08:29] Around mobile phones and he said that there was an adoption of this kind of smartphone within the Internet era kind of thing. And a really small subset of that was smartphones. And besides, like the Internet crash and then the global financial crisis and all of these economic or negative economic things that were happening all around the world, people were still adopting smartphones. Is that something they saw as necessary for connection and communication? And it's like regardless of what was happening, people pumped money into that industry. 

Sophie: [00:08:58] Yeah. So because this is the first time I didn't hear this, I didn't see it in this session, but like I guess the example that goes back to the GFC in the smartphone is that people still got smartphones even though the GFC was happening. So yeah, they. 

Sophie: [00:09:12] Were all on their like little. 

Sascha: [00:09:12] Blackberries. Oh my God. Yeah. Like, I. 

Sophie: [00:09:16] Definitely got my first phone, like, around that time. Gosh, I'm making myself feel all 3008. 

Maddy: [00:09:23] So we were in year seven. 

Sophie: [00:09:24] How do you remember that so quickly that we really. 

Maddy: [00:09:27] Did all year seven. Yeah. Oh, because it's always one year less than the year. Okay. Yeah. So like 28 we're in 726 we're in New York. 

Sophie: [00:09:35] Yeah, maybe I'm just confused because I stayed down here, so I get it anyway. But like, he's just basically saying you're looking for these massive trends that are just going to happen in the inevitable. It's like inertia. It's just going to go ahead. 

Maddy: [00:09:49] So it got me thinking like what other structural trends are there? I really like the net zero space. Yeah, something that I think we've talked about a lot and I am really interested in. But there's got to be others. There's not just one structural trend happening up in the world at any one time.

Sophie: [00:10:03] Well, one thing I have been thinking about recently and I don't know if is what subset of the sector, but definitely health care because I think something like the pandemic has shown that infrastructure in health care is really poor around the world, like we're a developed country, Australia, but we even saw how poorly our hospital systems acted during that time. And so I've been thinking a lot about health care because I'm like where a government spending money where investors want to see their money going to help that industry and and also companies as well because at the end of the day, if something like a pandemic happens again, it affects the workforce and therefore it affects companies and their profits. 

Maddy: [00:10:37] I love it. Another one that I think is very front of mind at the moment is cybersecurity. 

Sophie: [00:10:43] And actually, I was talking to someone the other day who works in cybersecurity and they just were talking about like the new inventions and is one of those industries where it's like you get up to speed, but the hackers or like the people doing the wrong thing, they're always transitioning to they're always looking for new things to be doing. So it's a pretty scary space. 

Maddy: [00:11:00] I listen to someone else at Invest, talk about this space as well, actually talking about cybersecurity. And that was saying how because hackers and because cybersecurity is so unknown to so many people like if you and I work in a company, it's not our realm of expertise. So it's always something that ladies are going to be willing to throw a lot of money into and direct a lot of money towards protecting themselves and their company and their customers because it's not within their realm of expertise. So you kind of just throw money at the problem, which I mean is worthwhile and fair enough. But it means that I think there is potentially a lot of growth and future investment to go there as well. 

Sophie: [00:11:38] Yeah, that's actually like a really good point that I haven't considered. But one thing I would say about cybersecurity personally for me is it's something I don't understand very well. Yeah, I feel like I would have to research it a bit to understand where to put something like an ETF, for example. 

Sascha: [00:11:54] Like that's a good idea. 

Sophie: [00:11:55] In that space. But like with companies, I would really struggle because I don't, I don't understand what the heck like coding is. 

Maddy: [00:12:01] That's a very good point. We always talk about investing in what you know, and that's kind of for the same reasons of I just hope that people will invest. 

Sascha: [00:12:07] Your money. 

Maddy: [00:12:08] In cybersecurity. It's not really something that is necessarily within our realm of expertise, but I think, yeah, potentially onto something with a cybersecurity ETF, I'm sure. 

Sascha: [00:12:17] That will be one.

Sophie: [00:12:17] Oh yeah. We, we, we just run hack. 

Sascha: [00:12:20] Yeah. And watch our money. 

Maddy: [00:12:23] That we go to look into a couple of other ones that I was thinking that artificial intelligence like again is not my realm of expertise but it just seems to be getting bigger and bigger at the moment or plant based foods.

Sophie: [00:12:36] Could I argue that plant based foods are part of the net zero? 

Sascha: [00:12:40] Yeah, absolutely. Yeah. Yeah.

Sophie: [00:12:42] But it is such a big trend, especially the way that we're eating. 

Sophie: [00:12:45] Yeah, I would also be super interested. I am super interested to see how that plays out in the next lifetime. Yeah. 50 years because companies in that space haven't performed well. 

Maddy: [00:12:56] Well, I think that's right. It's interesting. I feel like I had a real lack of time and now it's kind of flopped a bit. So maybe I mean, maybe now's the time to get in. Who knows? 

Sascha: [00:13:06] But I would be financially and I would. 

Sophie: [00:13:09] Be very interested to know what everyone else thinks is an S-curve coming. 

Sascha: [00:13:14] Yeah. 

Sophie: [00:13:14] So we're poppin, you know, on our Instagram. 

Maddy: [00:13:17] It has sort of the structural change. 

Sascha: [00:13:18] Structural rocks are trying so hard to say we. 

Maddy: [00:13:22] Out with the structure. 

Sascha: [00:13:25] Hit us. 

Sophie: [00:13:25] Up with you ask that you think it's coming and we will share with the audience. 

Maddy: [00:13:29] Looking forward to it. We are going to take a quick break for responses, but we will be right back to hear about what lesson soap. 

Sascha: [00:13:36] Has for us. One thing that's. 

Sophie: [00:13:43] Now as you keep your wine there. How is that soup? What do you want? To just give a bit of a description of what we're drinking, what it tastes like?

Sascha: [00:13:52] Yeah. 

Sophie: [00:13:54] Paint us a picture. We put some extra. I think it's. 

Sascha: [00:13:57] A bit old. 

Maddy: [00:13:59] This is actually an $11 Aldi bottle that ranks in the top 9% wines in the world. 

Sophie: [00:14:05] It's called La Mule from Aldi. 

Sascha: [00:14:07] LA.

Sophie: [00:14:08] Mule Rosé Vintage 2020 VIN Dip Reveals.

Sophie: [00:14:13] Money Hack. Though Aldi wine is a $7 bottle. I'll get the name and I'll have to put it somewhere or I'll bring it to the next episode. But it's a red wine made in my house that Henry once stumbled upon and it's really good. I'm not a wine connoisseur or anything, but you can tell. You can tell when something's bad, you know, like when you can't drink it. Like this. 

Sascha: [00:14:32] Is drinkable. 

Maddy: [00:14:33] Hot money tips. I like it. Okay, so we're talking about money and wine.

Sophie: [00:14:37] Okay, so one of the lessons that I took away from Invest, which is a bit niche, is that we have always joked that you can have wine as a part of your portfolio. And then I have a bit of a laugh that, you know, we buy Aldi Wine, so we probably wouldn't have it as. 

Maddy: [00:14:52] An investment. 

Sophie: [00:14:53] But could I mean, one day. 

Sascha: [00:14:55] Anyway.

Sophie: [00:14:56] There was a presentation about how you can actually have wine as a part of your portfolio.

Maddy: [00:15:00] Well, there was actually a whole dome. So at first there were like all these different domes that had different stages inside. And one of the domes was Oceano, which is a virtual cellar manager and personal simile. Yeah. 

Sophie: [00:15:14] Yeah. So I think I found this lesson really interesting and stick with me here because it's applicable to investments as well. Like some of them, but not really. 

Sascha: [00:15:21] But I just.

Sophie: [00:15:22] Found it so interesting because I'm just a novice. I don't drink good wine. And I was like, Oh my God, people actually invest in this. And then it had really amazing statistics tied to it as well. 

Maddy: [00:15:31] Okay, so who gave this talk? 

Sophie: [00:15:32] The CEO of Wine and gave this chat. And it was all about a guide to collecting and investing in wine.

Maddy: [00:15:39] Right up my alley.

Sophie: [00:15:40] So, of course, I saw that and I was like, put that on the agenda. But it spoke about wines and whiskeys. So a bit of both. And it started with a bit of a graph about Dom Perignon, which is like champagne. 

Maddy: [00:15:52] And I noticed champagne in the boat, original champagne in the world. What's the what's to get there? 

Sascha: [00:15:58] No, it's just.

Sophie: [00:15:58] One of the it's one of the gold standard from the champagne region. 

Maddy: [00:16:02] Yeah. As a fun fact, I remember about. 

Sascha: [00:16:04] Dom Perignon and I can't remember it, so I don't remember it. Useful. Look, I'll Google while you talk amongst yourselves. 

Sophie: [00:16:13] So what I found really interesting is he spoke about something like in 2008 when a vintage bottle came out. You could buy a case of it for around £1,000, something like that, and the case of 12 bottles. So it's expensive. And then he was talking about the cycle of wine. So then, you know, restaurants start buying it up and in 2019, you could buy this case for about £1,300. So it went up about £300 in dollars. In pounds. Yeah. But what's interesting is he said that after that cycle, when restaurants start using it because it gets to that good date of using it and people are consuming it and restaurants are consuming it, you then have a case in 2022 that sells for nearly £3,000. So over a 14 year period it's appreciated in value, 137% solid investment. 

Maddy: [00:17:00] Anyone would be happy with that. Yeah. 

Sophie: [00:17:01] And I mean, I think I looked at it being like, oh, I wouldn't like I would be a bit funny about buying a really expensive case of wine and hoping it would go up in value. Because I don't, I don't think I'd appreciate drinking it myself. 

Maddy: [00:17:13] My issue in my mind is that I want to invest, to grow my money. Maybe I just don't have enough money because I would just want to drink champagne. Yeah, I.

Sophie: [00:17:21] Know. I know. 

Maddy: [00:17:22] I'm not going to sell it and then realise that profit. 

Sophie: [00:17:24] I think the purpose of what they do is that you do actually invest in the wines and then you do so like obviously we want to drink the wine but the point of them is to hold them. But it's also that they then store it for you because like so much can go wrong if you're home colouring and like if there's a heatwave going back to like climate change heat wave where it's too cold and then it goes off in your cell and then you try to sell it and people like, oh, this doesn't taste very good. You haven't started properly. So there's a whole there's a whole background of what they what the company does. But I thought it was really interesting when I'm saying like I thought it would be a bit risky because actually it's apparently well, what they're saying is that it's quite a safe asset and like it has very low correlation to like property and equity when there's like price volatility. So like over COVID, for example, there's this graph and it's like when obviously. When Corbyn in. The stock market was going down, we were all buying premium. 

Sascha: [00:18:20] Yeah. I love it. 

Sophie: [00:18:21] And he also said that there's you know in the one should people that make the wine are actually the price markets so like when there is inflation and stuff, they can actually increase the prices as well. So it kind of levels that out. There was actually an article the other day about saying that even though we all have less money in our pockets, we're wanting to spend more on wine. It is always the thing. Wine and lipstick, I mean. Alcohol and lipstick. Of the two things that usually go up in times of economic hardship. Lipstick is random. Do you know why. I think it's the. Well, it's the lipstick index where it's like small traits. So you might all by yourself like a full outfit, but you can buy yourself a nice lipstick. 

Maddy: [00:18:58] So sales and lipsticks increase. Yeah. When inflation is higher.

Sascha: [00:19:03] Yeah. Interesting. 

Sophie: [00:19:04] And then another case for why you invest in one was what you said before, Sascha, was climate change. So obviously we have a lot more being affected by more things like droughts and fires or other natural disasters. And obviously these particular wines come from a certain region. So you might have some in France and you had the champagne region. And if they're more and more affected by, you know, Europe, for example, is just had one of their hottest summers. If they're affected by that, then they're going to be growing less. Maybe if you're holding that wine or champagne or whisky, it's going to go up in value because there's less supply. 

Maddy: [00:19:34] So interesting. I actually was watching. I talked the other day and I promise you it's relevant. 

Sascha: [00:19:40] This is usually me that said this to you, not the other way around. 

Maddy: [00:19:42] So it was actually the Equity Mates guys, Bryce and Alec interviewing the CEO of this company, and they asked him, Is there wine? Like what is the one wine that you have always wanted to get your hands on or whisky that you've never been able to? And he gave two. He said, There's one that I recently acquired and one that I've never been able to get. The one he recently acquired was the world's first ice aged wine, so it was aged in space for 130 days. 

Sophie: [00:20:11] But he got that. 

Sascha: [00:20:12] He bought it to run his commission and looked at it all. How much was that? $1 million. What would I do ? 

Sophie: [00:20:24] It would just taste terrible there, wouldn't it? 

Sascha: [00:20:26] Like economists say, good. 

Sophie: [00:20:28] But also. Has anyone tasted that one? 

Maddy: [00:20:30] Evidently not. But I think it must be the novelty of the fact that it was aged, in fact. 

Sophie: [00:20:34] Oh, you know who will buy it? Alan. Alan will buy it. Good investment. Well done. 

Maddy: [00:20:41] And then the one that he hasn't been able to get that he has been trying for years and years, is a bottle of champagne from the Titanic. 

Sascha: [00:20:50] Apparently they come. 

Maddy: [00:20:51] Up every now and then, but they're. 

Sascha: [00:20:53] All sort of held back.

Maddy: [00:20:54] Collectors. So they come on the market very rarely and he's. 

Sascha: [00:20:56] Never been out of a fire. 

Sophie: [00:20:58] I wonder, would that be dead? Like as in with that? 

Sascha: [00:21:00] Oh, yeah, I would.

Sophie: [00:21:01] You aren't able to drink.

Sascha: [00:21:02] That. 

Sophie: [00:21:04] In the ocean. 

Sascha: [00:21:05] So just to have it was into the ocean for like 50 years. 

Sophie: [00:21:09] Yeah, right.

Sascha: [00:21:10] It wouldn't be good. I'd probably want to. 

Sophie: [00:21:15] Pop it still. Like, did you.

Sascha: [00:21:16] Go issue somebody? Did you just want to drink it? 

Sophie: [00:21:18] This is how she would probably just pop it and then we'd lose all our money. 

Sascha: [00:21:22] You'd be. 

Sophie: [00:21:23] So disappointed. 

Sascha: [00:21:24] You had to like it. Or if you had a. 

Sophie: [00:21:26] House party and you know how, like, all your good wine goes missing when you have a house party that gets a bit rowdy. 

Sascha: [00:21:32] No, I don't have good wine at my house. Well, I. 

Maddy: [00:21:34] Can imagine if in future years your kids like it. Like, you know, unless they're, like, snuck it by. 

Sophie: [00:21:39] Oh, I got my parents to look after all my good wine because my mom knows how to look after it. And so I just like to keep it away because I would definitely have like a couple of glasses and be like, Oh, it's a special occasion. Yeah. 

Sascha: [00:21:51] I don't have Wednesday. Oh, I love it. 

Sophie: [00:21:52] I have a six pack for my year of birth. 

Sascha: [00:21:55] Six pack? Plastic size. Oh, my. No, no, no. I just. I started with a little six pack six months ago. 

Sophie: [00:22:05] From the year I was born, to my grandparents. 

Sascha: [00:22:07] Got. I really liked that. 

Sophie: [00:22:09] They gave all the grandkids, but I've never corrected one. Yeah, I was going.

Maddy: [00:22:12] To say, when are you going to drink. 

Sascha: [00:22:13] It? I don't know.

Sophie: [00:22:14] Because it's as I said at my parents house, can't be trusted. 

Sascha: [00:22:16] I reckon. 

Maddy: [00:22:17] Maybe a third year.

Sophie: [00:22:18] Yeah, definitely. Yeah. 

Maddy: [00:22:19] I reckon not so fast that you start to really appreciate good wine. 

Sascha: [00:22:23] Yeah.

Sophie: [00:22:24] Anyway, back onto it quickly. Last thing about my lesson that I learnt was wine has actually done like supper and whisky has done surprisingly well against the market. 

Maddy: [00:22:34] So diversification. 

Sophie: [00:22:35] Yeah. So the graph that he showed was from 2003, which is obviously a long time ago. 

Sascha: [00:22:40] But over that long. So it's funny. It's like. 

Sophie: [00:22:44] Yes, it's a long time, but that's good. We like graphs, you know, we can live that amount of time. Hopefully we do. Whisky has gone up 1,089% compared to today. 

Maddy: [00:22:55] To today. I thought you meant the most recent day so far. 

Sophie: [00:22:59] So from 23 to 2022. Yeah, gone up 1,000% pretty much. The Australian index has gone up 150%. So it's ten bagged, the best whisky has ten bagged the Australian index. 

Maddy: [00:23:12] I wonder if we've missed the boat or if this is just what happens. 

Sophie: [00:23:15] I don't think you've missed that. Well, I think it would be risky to do it on your own, but I think. 

Sophie: [00:23:20] You've got to have someone who knows the industry. 

Sascha: [00:23:22] Yeah, I think I'm so excited. I'm going to start investing in wine. I told. 

Sophie: [00:23:27] Nadia's date and she's like. 

Sascha: [00:23:28] Right, yeah, that's good. So now she's like, You know, this is great. Well, actually. 

Sophie: [00:23:34] My like, so my brother and I are going to go do a wine course together. So that's how I got him his present for his 30th. So I'll come back and like, maybe we can start there. You're in a good company fund. Except I'll have just been starting.

Sophie: [00:23:47] So start with a bottle. 

Sascha: [00:23:48] Of the Aldi, you know. Yeah, it'll go back up from there. 

Sophie: [00:23:52] But Mads, if you are interested in investing in wine, a couple of his tips look for areas that are known for high quality. A lot of them are in France, in that region like Burgundy Burgundies and champagne French champagne. Investigate to see if they have production capacity. So like if they limit it, it's usually a better sign because they're making less of it. Yeah. And also last one, are they making any plans to expand or make better their vineyard property? Because a lot of those properties take a lot of investment and if they don't have the money to upkeep them to keep good workers, blah, blah, blah, make sure they've got funds for not sure if they like publicly disclosed. 

Sascha: [00:24:32] Yes.

Maddy: [00:24:33] Maybe we should go on tour and just go up to all the people and be like, how much cash you got in the. 

Sascha: [00:24:38] Planning on investing?

Sophie: [00:24:41] So that's a wrap. Any questions about my wine lesson that I've given?

Sascha: [00:24:44] You know that I love it and.

Maddy: [00:24:45] It's got me very excited.

Sophie: [00:24:46] I've got to say Go listen to the guys who did an episode with the CEO that came out last Friday. So if you're super curious, go listen to that as well. 

Maddy: [00:24:55] Equity Mates. Okay, we'll link it in the show notes. 

Sophie: [00:24:59] So talking about linking things in the show, show notes, the show notes, show notes. What are your recommendations for this week? 

Sascha: [00:25:11] Sorry.

Maddy: [00:25:11] I'm going to take two in. The first one is the new podcast by The Daily Show called The Mirror. It is a four part miniseries commemorating ten years on from Julia Gillard's famous misogyny speech. And by the time this has been released, there will be three of four episodes live. Honestly, if you haven't listened, it is such a remarkable show so far, like the first episode. In fact, both episodes that I've listened to so far, like made me deeply emotional. I think I knew Julia Gillard's story, but hearing it sort of condensed into a 20 minute episode like that, just one after the other, it's, it's. Remarkable to actually just say, I think, how much she did as the first female prime minister of women in Australia. 

Sophie: [00:25:57] We also got the inside scoop from the Daily Post that the third one is really good. 

Maddy: [00:26:01] Yeah, they said that that was their favourite, so stay tuned. My second recommendation is a book called Catch of the Decade. Actually, listen to this one on Audible and I sent it to you. So it's the story of how two brothers, the founders of Catch Up comics, Gaby and Hezi Leibovich, disrupted four sectors and basically just built an empire of digital businesses. So they built cash. They did scoop on menulog and luxury escapes, and they sold them for over $1,000,000,000.

Sophie: [00:26:29] Sorry. Did you say they're Australian? 

Sascha: [00:26:31] Yeah. 

Sophie: [00:26:32] I didn't know Menulog was Australian. 

Maddy: [00:26:34] Yeah. So it merged with or got acquired by an overseas company that was competing with them and became a menulog. 

Sophie: [00:26:42] It's so good. I just loved Snoop. 

Sascha: [00:26:44] Led Snoop. 

Sophie: [00:26:45] Dogg theme song.

Sascha: [00:26:47] Do you love it when you make a delivery like this? 

Maddy: [00:26:51] But basically the book gives tips and tricks on how to succeed in different industries. So it really is a great book for if you're an entrepreneur or working in a small business, Start-Up or pretty much any business I really loved, I would highly recommend it. 

Sophie: [00:27:05] Luxury Escapes is like my favourite website. So I don't even just look through it. I'm like, Oh, that's like all inclusive, that's nice. And I just pitch myself on like the beach in Thailand. 

Sophie: [00:27:15] Apparently they're really good. 

Sascha: [00:27:16] Yeah, they were really good. 

Sophie: [00:27:18] I was on heaps of them. 

Maddy: [00:27:19] We were talking to someone at the airport on Sunday night. [00:27:21][2.1]

Sophie: [00:27:21] Who had done 

Sascha: [00:27:22] About 10%. 

Maddy: [00:27:23] Yeah, who had just been at the luxury escapes. We had all about it. 

Sascha: [00:27:27] So what have you got for me? 

Sophie: [00:27:28] I actually had two recommendations as well. Were so. 

Sascha: [00:27:32] Bad recommendations. 

Sophie: [00:27:35] First one is a Netflix series called Human Playground, and it's about people trying to reach their limit for pain and like. But it's. 

Sascha: [00:27:44] But it's. 

Sophie: [00:27:45] It's I know it sounds really bad, but at nine it's like a lot of it's for like therapy reasons or like some of the professional athletes. 

Maddy: [00:27:52] Like I was going to say, I've just had an Ed Brockman this week. 

Sophie: [00:27:54] Yeah, exactly. Fate. So one of the ones was about this woman or about something that I didn't know about. But there's. Do you know, there's like an ultramarathon in the Sahara Desert? Yes. It's about a woman who does that with an amputated leg. Like, incredible. Really cool. Really, really cool series. I've actually only watched the first couple of episodes, so I don't know what the insight is. 

Sascha: [00:28:14] Yeah.

Sophie: [00:28:14] So why do I think. Well I find out when I.

Sascha: [00:28:17] What you'll. 

Sophie: [00:28:18] Find out but it's for everyone's own personal reason, you know, everyone they follow has their personal reason for why they want to do these things. So watch. Second one is just a podcast if you want something to listen to. The Journal did an episode called Ukraine Makes a Deal on Wall Street, and it's all about one of the government ministers trying to help fund rebuilding the country. And it's just like a really fascinating story of how he navigates ways to get money into the country and just like, yeah, just a different side of, I guess the media we've been consuming with Ukraine and Russia and really cool. 

Maddy: [00:28:50] I listened to that. Highly recommend it. It's a really good episode. 

Sascha: [00:28:54] Oh. So I'm going to sit in the background like, ooh, ooh. 

Sophie: [00:29:02] I've got a recommendation. Can I get one? 

Sascha: [00:29:04] Yes. 

Sophie: [00:29:05] I'm going rogue. I went to podcast 24 a couple of weeks ago and I heard Marc Finnell speak about Chuck turning his podcast stuff the British stole into a TV series and then I went and binged stuff the British stole. So good. 

Sophie: [00:29:22] Is it? Sorry. 

Sophie: [00:29:24] It's a podcast and it's about to be a TV series. It'll probably launch in the next week from when this is released. Okay, cool. He hasn't done the same stories. So you can watch the TV series and then you can listen to the podcast and they don't overlap. But so fascinating. And as an audio nerd, just his soundscapes and stuff are so great, but also super interesting. It's like a little history lesson every time. 

Sascha: [00:29:49] Cool. Love it. Well done.

Maddy: [00:29:51] Guys. Great, Rob. 

Sophie: [00:29:53] So, obviously, if you want to find us on social media, find us at YIGC podcast. We are loving interacting with you guys. I feel like we've had so many DMS since Fan Fest and it's just so fun talking with anyone that wants. 

Sascha: [00:30:06] To talk to us. 

Maddy: [00:30:07] Yeah, we've had a nice influx of new people into the community as well off the back of our Flex app. So we probably should have said this at the start, but we'll say it at the end. A big welcome to you all in good company and very happy to have you along for the ride. 

Sophie: [00:30:18] If you want to find us on Facebook, Maddyy. Where is that community? What's it called?

Maddy: [00:30:21] Why do I say investing in podcast discussion groups? Join over 1500 people on Facebook.

Sophie: [00:30:28] And if you like this episode or any of the episodes, please share it with a friend, family. 

Sascha: [00:30:33] Member, your dog, whoever wins.

Sophie: [00:30:35] We would love it to be passed around.

Maddy: [00:30:38] Thank you very much, guys. I will catch you next week.