Was the person nude on their own, or did you say, hey, friend, let's go have a nude? He was

nude, and he knew I took his picture.

And as I left, I immediately put it on Instagram.

And as I left, these finance bros were like, yo, are you posting on my computer? It was NYC.

Annoyingly, I had to go to that hotel in Chelsea.

Anyway, underground.

I was subterranean at a club party.

Yeah.

position that you hold there, Peter?

Well, now it's chair.

Oh, you are the chair.

Yeah, I am the chair.

Yeah, I held a couple of sort of other positions.

One was an auditor.

So, you know, we sort of just generally sort of oversaw positions.

That's a big thing that's taken off.

So I'm asking, why do bond markets have so much power over governments, and what does this mean for investors? But before we get into that, could you just remind us what is direct fixed income investment? And also just a little snippet on what you do on a day-to-day basis, because you're new to the podcast and our listeners.

Sure.

So, um, so a lot of our assets here at Canaccord are invested in third-party funds, and some of those are fixed income.

Fixed income funds are, uh, invest in a wide array of fixed income assets.

But for some investors it's more suitable to go directly into bonds without going through the funds and, and in- invest directly into, uh, corporate bond markets-

Yeah.

Interest rates have also gone up, so the payments on that debt has, has become higher and higher.

As with the UK, some of that debt is tied to inflation.

Is, is this aimed at, uh, figure, figure modelers, or is it, um, you got something-

No. Yeah, so obviously, uh, potentially, you know, sort of Calvin coming, which the reason we try to get him out again is, uh, more for our volunteers, uh, for Scale Act.

So obviously, you know, um, putting these b- event- events on like Scale Act, we need, you know, many hands on deck to run the event.

Um, and, you know, obviously those that came last year would've noticed we had Calvin, uh, running a workshop last year.

But however, you know, all the ACT SMS members that run the event, um, you know, couldn't attend that workshop 'cause they've, you know, they're helping put Scale Act on for the weekend.

And a few of them, um, kind of said, you know, it was a pity 'cause they'd love to have attended it.

So, um, a bit, you know, sort of a big reason we- we've got him coming out for that weekend, um, is for our ACT SMS members that missed out the Scale Act.

... than 2025, that's for sure.

What can it mean, especially in regional areas, Peter, where they might not have access to couriers and so on? Have there been some cases? What sort of reaction have you and your volunteers got from nurses and other professionals when your riders have been able to jump in and help?

Well, you know, We don't like, we're all pretty sort of modest sort of people.

I mean, we always emphasise we are riding because we love to ride, you know.

But there's been some very amazing fortuitous situations that have occurred.

One particularly happened at the Mildura Hospital.

They had inadvertently run out of anti-venime, which is a situation that they don't want to have.

And just, you know, anywhere it happens by accident.

Is that how it kind of works?

Peter, what do you think about this Rihanna gown, though?

Uh, I think it looks like the movie Alien, like some kind of scary baby monster is gonna pop out of it.

I think the coolest thing she did was show up late again, 'cause she likes to keep people waiting, and yeah, it's Margiela, which is known for being weird, but you know, she's, she's Rihanna, so she gets away with it, but it reminds me of those cocoons.

Who do we have now? Here we go.

Again, uh, it's like a nip slip.

It's like the Janet Jackson effect.

Um, but I'm sure her boob is better than that weird-... fake kind of bra boob that she's showing, but she's hot so she gets away with it.

You know, the Kardashian-Jenners like to show boobs and butt.

So are people, I mean, you know, people, your colleagues, are they... you know, disappointed in Anna, who seems to be get she would get a large payday, I assume.

I think she'd, you know, have a golden parachute.

It's really up to the Newhouse family.

And, you know, Vogue has struggled for a long time.

They really, as people have commented, it hasn't been relevant in many, many years.

The last time they made any headlines was when Anna Wintour put Kim Kardashian on the cover.

People freaked out and then they moved on.

So I do think of my old friend, Andre Leon Talley, may he rest in peace, rolling in his grave right now at the idea that