1 00:00:05,600 --> 00:00:07,160 HENRY MUCK: (OVER INTERCOM) Look, as much as I love spending 2 00:00:07,240 --> 00:00:08,400 these calls ducking and weaving, 3 00:00:08,480 --> 00:00:10,560 I'm not sure why I'm getting such a grilling 4 00:00:10,600 --> 00:00:12,400 from the bank that brought us to market. 5 00:00:12,480 --> 00:00:13,600 FRANK WADE: Henry, it's Frank Wade, 6 00:00:13,680 --> 00:00:14,840 Pierpoint Equity Research. 7 00:00:14,920 --> 00:00:16,560 I need to publish a buy-sell recommendation 8 00:00:16,600 --> 00:00:17,960 by the end of the week. 9 00:00:18,000 --> 00:00:19,480 And the eight-percent fall in share price 10 00:00:19,560 --> 00:00:21,800 means the market is finally waking up to the fundamentals. 11 00:00:21,840 --> 00:00:23,080 But, of course, there's always... 12 00:00:23,160 --> 00:00:25,240 HENRY: Lumi is still the future of the sector. 13 00:00:25,280 --> 00:00:26,720 I... I've been invited to speak 14 00:00:26,800 --> 00:00:28,840 at the Global Climate Conference this week. 15 00:00:28,880 --> 00:00:30,880 Our panel is going to be a positive catalyst 16 00:00:30,960 --> 00:00:33,080 for the stock, and it will rally. 17 00:00:33,120 --> 00:00:34,960 Do drop in if you're in Bern. 18 00:00:35,040 --> 00:00:36,520 FRANK: Don't worry, I'll be there. 19 00:00:36,600 --> 00:00:37,600 - Um, but... - (SIGHS) 20 00:00:37,680 --> 00:00:38,960 ...getting back to business... 21 00:00:39,040 --> 00:00:41,440 Why is that in-house analyst being so confrontational 22 00:00:41,520 --> 00:00:43,000 about a stock that he's supposed to support? 23 00:00:43,080 --> 00:00:45,480 FRANK: ...have you modeled any spike in gas prices? 24 00:00:45,560 --> 00:00:47,560 What would that do to your suppressed price point? 25 00:00:47,600 --> 00:00:49,640 I've bought more stock since the lock-up period 26 00:00:49,720 --> 00:00:50,960 ended a few days ago. 27 00:00:51,040 --> 00:00:54,040 You don't get more of a bullish signal from a CEO than that. 28 00:00:54,120 --> 00:00:56,520 Frank doesn't sound like a guy who's publishing a buy. 29 00:00:56,600 --> 00:00:58,640 - To be honest, why would he? - ♪ (TENSE MUSIC PLAYING) ♪ 30 00:00:58,680 --> 00:01:00,440 The equity story is just getting worse and worse. 31 00:01:00,520 --> 00:01:02,680 And is it normal for there to be, like, 20 analysts 32 00:01:02,760 --> 00:01:05,080 and a thousand investors on one call like this? 33 00:01:05,160 --> 00:01:07,280 Either it's still a hot story or they're rubbernecking. 34 00:01:07,360 --> 00:01:08,720 (ANALYST SPEAKING OVER INTERCOM) 35 00:01:08,800 --> 00:01:10,800 ROBERT SPEARING: Look, Pierpoint publishing a research report on Lumi 36 00:01:10,880 --> 00:01:12,520 at the climate conference could be a disaster. 37 00:01:12,560 --> 00:01:14,920 ERIC TAO: Adler's on that climate panel with Henry. 38 00:01:15,000 --> 00:01:16,200 With all the chatter on Lumi, 39 00:01:16,280 --> 00:01:18,200 I've no idea how he intends to fight that fire. 40 00:01:18,280 --> 00:01:20,160 (CELL PHONE CHIMES, VIBRATES) 41 00:01:20,240 --> 00:01:21,280 HENRY: Look at our numbers. 42 00:01:21,360 --> 00:01:23,039 We've had record subscriber growth. 43 00:01:23,120 --> 00:01:25,800 That is the key metric for our business. Sub-growth. 44 00:01:25,880 --> 00:01:28,200 We continue to drive new users. 45 00:01:30,080 --> 00:01:32,920 FUTUREDAWN EMPLOYEE 1: Do you think you could get me a membership at Koko House? 46 00:01:33,000 --> 00:01:34,440 - FUTUREDAWN EMPLOYEE 2: It's not a very hedge-fund... - Um... 47 00:01:34,479 --> 00:01:36,720 - ...friendly community... - Why did you book me coach? 48 00:01:36,800 --> 00:01:38,160 HARPER STERN: Uh, short haul, 49 00:01:38,240 --> 00:01:40,080 lower carbon footprint in the back. 50 00:01:40,120 --> 00:01:42,400 ANNA GEARING: Hmm. Well, this conference needs to go well 51 00:01:42,479 --> 00:01:44,520 after that shitty Lumi earnings call. 52 00:01:44,600 --> 00:01:45,640 How's my diary looking? 53 00:01:45,720 --> 00:01:47,200 - HARPER: After the Lumi panel... - (KEYBOARD CLACKING) 54 00:01:47,280 --> 00:01:48,440 ...you have a sit-down 55 00:01:48,520 --> 00:01:50,759 with the Qatar Investment Authorities, 56 00:01:50,800 --> 00:01:51,960 and Carlyle's ESG arm 57 00:01:52,000 --> 00:01:54,039 just got back to me. So, fully stacked. 58 00:01:54,120 --> 00:01:56,600 Hmm! Harder to get a res with me than Carbone. 59 00:01:59,000 --> 00:02:00,800 Cheers. 60 00:02:00,840 --> 00:02:02,240 FUTUREDAWN EMPLOYEE 2: Anna hates that phrase... 61 00:02:02,320 --> 00:02:03,240 SIMON MONKS: Has Anna broached 62 00:02:03,320 --> 00:02:05,400 a contract renegotiation with you personally? 63 00:02:05,800 --> 00:02:07,240 No. Why? 64 00:02:07,280 --> 00:02:09,280 SIMON: Her lawyer contacted me direct. 65 00:02:09,360 --> 00:02:12,440 She's offering a re-up. A five-year deal. 66 00:02:12,480 --> 00:02:14,560 As your counsel, this looks a lot like 67 00:02:14,640 --> 00:02:17,960 one of those "Rokos-Howard golden handcuff" situations. 68 00:02:18,040 --> 00:02:19,120 It's a lot of money... 69 00:02:19,200 --> 00:02:21,360 But if I sign and if I'm bid away, or I decide 70 00:02:21,440 --> 00:02:23,560 to breach my contract, Anna lays claim to what? 71 00:02:23,640 --> 00:02:25,360 Five, ten percent of my future earnings 72 00:02:25,440 --> 00:02:28,320 - for what? - Twenty percent for five years. 73 00:02:31,600 --> 00:02:34,040 - That feels spiteful. - I totally agree. 74 00:02:35,800 --> 00:02:39,520 She's also added something called a philosophy clause. 75 00:02:40,960 --> 00:02:41,920 Come again? 76 00:02:42,800 --> 00:02:45,480 To protect the philosophy of the fund, 77 00:02:45,560 --> 00:02:47,400 she wants sign-off on any trade 78 00:02:47,480 --> 00:02:50,760 - you execute in any size... - Fucking cunt! 79 00:02:51,920 --> 00:02:55,280 Apologies, that was... (SIGHS) ...beneath me. 80 00:02:55,360 --> 00:02:58,079 So, I'm not allowed to have my own ideas here, 81 00:02:58,160 --> 00:03:01,440 but if I leave and have my own ideas, 82 00:03:01,520 --> 00:03:03,520 she wants the money I make from them. 83 00:03:07,880 --> 00:03:10,480 Have you got other offers on the table? 84 00:03:10,560 --> 00:03:13,400 Your current deal has a pretty iron-clad non-compete. 85 00:03:13,440 --> 00:03:15,320 If you so much as blink at a competitor, 86 00:03:15,400 --> 00:03:18,120 this year's comp becomes fully at Anna's discretion. 87 00:03:18,200 --> 00:03:19,840 ♪ (SOFT MUSIC PLAYING) ♪ 88 00:03:22,320 --> 00:03:23,720 What if I become the competitor? 89 00:03:25,040 --> 00:03:26,000 Well... 90 00:03:27,440 --> 00:03:30,240 you'll leave a lot of money on the table today. 91 00:03:30,320 --> 00:03:33,000 Or you can roll the dice on your talent, maybe. 92 00:03:40,480 --> 00:03:41,440 Okay. 93 00:03:42,520 --> 00:03:43,760 Say we're at the negotiation table, 94 00:03:43,840 --> 00:03:45,520 make it look like we're interested. 95 00:03:45,600 --> 00:03:48,000 - What will that buy us? - Maybe a few days. 96 00:03:51,320 --> 00:03:54,320 - Thank you, Simon. - ♪ (SOFT MUSIC FADES) ♪ 97 00:03:54,400 --> 00:03:56,480 PETRA KOENIG: FutureDawn has become a cult of personality. 98 00:03:56,520 --> 00:03:59,000 It's not about the best idea, it's about pleasing Mother. 99 00:03:59,079 --> 00:04:01,120 All she wants to do is sit on another fucking panel 100 00:04:01,200 --> 00:04:02,920 and act like an omniscient moral barometer. 101 00:04:03,000 --> 00:04:04,600 I'm not going to sit here and outperform 102 00:04:04,680 --> 00:04:06,600 while the fund underperforms and collects passive fees 103 00:04:06,680 --> 00:04:08,240 from investors for being politically correct. 104 00:04:09,320 --> 00:04:10,400 Well, then maybe... 105 00:04:12,320 --> 00:04:14,920 her offer just simply expedites your decision? 106 00:04:17,160 --> 00:04:18,320 Would you come with me? 107 00:04:23,440 --> 00:04:24,880 In what capacity? 108 00:04:27,880 --> 00:04:29,360 Jerry Maguire's goldfish? 109 00:04:29,440 --> 00:04:33,440 - ♪ (UPLIFTING MUSIC PLAYING) ♪ - HARPER: By your own admission, 110 00:04:33,520 --> 00:04:34,560 you like life behind your screens. 111 00:04:34,640 --> 00:04:35,960 You're not a fundraiser. 112 00:04:36,040 --> 00:04:37,520 I can help you sell fund. 113 00:04:37,560 --> 00:04:40,159 You use your salesman's voice to pitch me as a newfangled 114 00:04:40,240 --> 00:04:42,040 equity long-short with macro-overlay. 115 00:04:42,120 --> 00:04:44,000 - Sell my ideas. - Yeah. 116 00:04:44,080 --> 00:04:47,400 But I back your intellect. So, you back mine, 117 00:04:48,320 --> 00:04:50,760 we test the views together and we back it. 118 00:04:53,040 --> 00:04:54,040 Okay. 119 00:04:54,120 --> 00:04:56,760 But we don't hand-wring, or moralize or equivocate. 120 00:04:56,840 --> 00:04:57,920 You put on the ideas that you think 121 00:04:58,000 --> 00:05:00,880 will make money tomorrow. That's your mandate. 122 00:05:00,920 --> 00:05:03,400 How far along were your other conversations? 123 00:05:03,480 --> 00:05:05,200 Were they like a jump-off for seed capital? 124 00:05:05,760 --> 00:05:07,160 Very embryonic. 125 00:05:07,240 --> 00:05:08,320 How much do we need? 126 00:05:08,400 --> 00:05:10,160 So that banks will take us seriously enough to cover us 127 00:05:10,240 --> 00:05:11,560 and give us research and trading lines? 128 00:05:12,400 --> 00:05:14,160 Three hundred million dollars. 129 00:05:14,240 --> 00:05:16,640 - (SOFTLY) Shit. - You have Anna's schedule at COP, right? 130 00:05:16,720 --> 00:05:17,720 Yeah. 131 00:05:17,800 --> 00:05:20,800 She is hunting some serious ESG heavy hitters, like, 132 00:05:20,880 --> 00:05:22,760 sovereign wealth funds, asset managers, 133 00:05:22,840 --> 00:05:24,560 very deep pockets. 134 00:05:24,640 --> 00:05:25,640 PETRA: When are they meeting? 135 00:05:25,720 --> 00:05:27,200 Tomorrow afternoon, after her panel. 136 00:05:28,200 --> 00:05:29,760 Why don't we check if they're morning people? 137 00:05:30,880 --> 00:05:32,360 See if we can get them to join our cause 138 00:05:32,440 --> 00:05:33,480 and swipe them from under Anna's nose 139 00:05:33,520 --> 00:05:34,480 before she's hoovered down 140 00:05:34,560 --> 00:05:36,080 that inedible continental breakfast. 141 00:05:36,159 --> 00:05:39,720 These are, like, flagship ESG vehicles. 142 00:05:39,800 --> 00:05:41,560 They're going to a climate conference. 143 00:05:41,640 --> 00:05:43,760 I bet I can prove returns trump ideology. 144 00:05:44,680 --> 00:05:45,840 You ready to sell this idea? 145 00:05:46,480 --> 00:05:47,440 What flight are we on? 146 00:05:50,680 --> 00:05:51,640 Fuck yeah. 147 00:05:55,600 --> 00:05:57,440 WILHELMINA FASSBINDER: As you know, Bill Adler was meant to be 148 00:05:57,480 --> 00:05:59,720 on that Finance and the Climate Crisis panel 149 00:05:59,800 --> 00:06:01,400 with Lumi and FutureDawn partners. 150 00:06:03,080 --> 00:06:04,200 I want you to go instead. 151 00:06:06,040 --> 00:06:08,160 Adler is taking some family time in Europe. 152 00:06:09,160 --> 00:06:11,520 Lumi just had a pretty rocky earnings call. 153 00:06:11,560 --> 00:06:13,200 Well, everyone is pointing fingers 154 00:06:13,280 --> 00:06:15,240 about how this has been mismanaged. 155 00:06:15,320 --> 00:06:17,160 Who are you pointing fingers at? 156 00:06:17,240 --> 00:06:19,480 All anyone's talking about in the advisory world 157 00:06:19,560 --> 00:06:22,160 is that we may have overvalued Lumi. 158 00:06:22,200 --> 00:06:24,280 And now all the other companies in our ESG pipeline 159 00:06:24,360 --> 00:06:25,520 are wondering whether we're the right bank 160 00:06:25,600 --> 00:06:28,080 to take them public. Europa Gaz is up next. 161 00:06:28,160 --> 00:06:31,480 Am I right to be concerned about our ESG pivot? 162 00:06:33,040 --> 00:06:35,040 Someone of Adler's level dropping out this soon 163 00:06:35,120 --> 00:06:37,480 after the shitshow IPO is very bad PR, 164 00:06:37,560 --> 00:06:40,080 and it is making Europa even more nervous. 165 00:06:40,920 --> 00:06:41,960 This panel is critical 166 00:06:42,040 --> 00:06:45,159 to displaying an air of competency to our clients. 167 00:06:45,240 --> 00:06:47,720 I need you to sit next to the CEO of Lumi 168 00:06:47,760 --> 00:06:49,000 and make it seem like the process 169 00:06:49,080 --> 00:06:51,240 was hugely beneficial to all parties. 170 00:06:52,640 --> 00:06:55,880 - You want me to oversell it? - Well, that's your job. 171 00:06:56,920 --> 00:06:59,600 - Isn't it? - ♪ (SUSPENSEFUL MUSIC PLAYING) ♪ 172 00:06:59,640 --> 00:07:01,000 I assume you're fluent enough 173 00:07:01,040 --> 00:07:03,040 in the Lumi story to step into the void? 174 00:07:03,120 --> 00:07:05,440 I've got someone in my team very close to the CEO 175 00:07:05,520 --> 00:07:06,480 who could brief me. 176 00:07:06,560 --> 00:07:08,480 Good. You know, when you make partner, 177 00:07:08,560 --> 00:07:10,520 they make it seem like you're at the top of the ladder. 178 00:07:12,040 --> 00:07:13,840 But you're actually just at the bottom of a new one. 179 00:07:21,080 --> 00:07:23,600 HARPER: No! COP is a conference for business interests 180 00:07:23,680 --> 00:07:24,600 hiding behind climate change. 181 00:07:24,680 --> 00:07:26,000 But there's loads of scientists there. 182 00:07:26,080 --> 00:07:27,960 - Well, I don't understand. How... - It... it has nothing 183 00:07:28,000 --> 00:07:29,360 - to do with science. - YASMIN KARA-HANANI: It's not about science. 184 00:07:29,440 --> 00:07:30,640 DAVE: Climate change isn't about science? 185 00:07:30,720 --> 00:07:31,680 I don't wanna be that guy, all right? 186 00:07:31,760 --> 00:07:34,000 But at this point, the only solution 187 00:07:34,040 --> 00:07:36,120 to climate change is a financial one. 188 00:07:36,200 --> 00:07:38,640 Well, both my bosses and I are going. 189 00:07:38,720 --> 00:07:40,480 Although, I think one of them is more attuned 190 00:07:40,560 --> 00:07:42,640 to the whiff of bullshit 191 00:07:42,720 --> 00:07:43,760 - coming off of it. - (LAUGHS) 192 00:07:43,840 --> 00:07:45,400 Yeah, Eric wants me to brief him 193 00:07:45,480 --> 00:07:46,880 for the panel on the flight over. 194 00:07:46,920 --> 00:07:48,840 Everyone seems to think that Lumi and Pierpoint's panel 195 00:07:48,920 --> 00:07:50,240 at the climate conference is make or break 196 00:07:50,320 --> 00:07:51,320 for the Lumi share price. 197 00:07:52,720 --> 00:07:54,200 What? 198 00:07:54,280 --> 00:07:57,400 - What, cause I'm not capable? - No. (CHUCKLES) 199 00:07:57,480 --> 00:08:00,000 No, it's Eric's asked me to go as well. 200 00:08:00,080 --> 00:08:01,480 You could have told one of us. 201 00:08:01,560 --> 00:08:03,840 How many buzzwords and pieties can people use 202 00:08:03,920 --> 00:08:06,320 to dress up the hunt for cash? (CHUCKLES) 203 00:08:06,400 --> 00:08:09,000 - (CHUCKLES) Yeah, my mate, Gus... - (INDISTINCT CHEERING) 204 00:08:09,080 --> 00:08:12,160 ...is in Palo Alto working for a VC 205 00:08:12,240 --> 00:08:14,920 called Decarbonization Ventures. 206 00:08:15,000 --> 00:08:16,880 All right, all right, I've gotta go and tutor an eight-year-old 207 00:08:16,920 --> 00:08:18,480 with more expensive clothes than me. 208 00:08:18,520 --> 00:08:20,560 Thank God I remembered to take my Lexapro. 209 00:08:20,640 --> 00:08:22,640 Otherwise, I'd unload a clip into the little prick. 210 00:08:22,720 --> 00:08:24,720 BYSTANDER 1: Hey, Digger, let's get the unicorn in. 211 00:08:24,800 --> 00:08:26,560 - DAVE: Bye, baby. - BYSTANDER 2: Is it that kinda night? 212 00:08:26,640 --> 00:08:29,480 BYSTANDER 1: Demi Riquísimo's playing Fabric Room Two. 213 00:08:29,560 --> 00:08:30,720 - He's going back-to-back... - (ROBERT LAUGHS) 214 00:08:30,760 --> 00:08:32,360 ...all night long with DJ Tennis. 215 00:08:32,400 --> 00:08:34,840 Don't worry, I'm never seeing him again after tonight. 216 00:08:34,919 --> 00:08:36,679 - YASMIN KARA-HANANI: Aw! - Shame. 217 00:08:37,120 --> 00:08:38,039 Why? (CHUCKLES) 218 00:08:38,120 --> 00:08:42,520 He has a big, uncircumcised hog, which I found 219 00:08:42,600 --> 00:08:45,840 relentlessly distracting on cold and lonely nights. 220 00:08:45,920 --> 00:08:47,720 - He's the full package. - HARPER: I know. His package is... 221 00:08:47,800 --> 00:08:49,440 - (CELL PHONE VIBRATES) - YASMIN: Sorry. 222 00:08:49,480 --> 00:08:50,600 Sorry, I've got to take this. 223 00:08:53,400 --> 00:08:56,560 - (INDISTINCT CHATTER) - (CELL PHONE VIBRATES) 224 00:08:56,640 --> 00:08:58,200 (SIREN WAILING IN DISTANCE) 225 00:08:59,640 --> 00:09:01,200 Hi, Denise, how are you? 226 00:09:01,280 --> 00:09:02,520 DENISE OLDROYD: Hey, I just got a text 227 00:09:02,600 --> 00:09:04,080 from an old silk from our chambers. 228 00:09:04,160 --> 00:09:05,160 In confidence, 229 00:09:05,200 --> 00:09:06,480 your dad's boat's back in the U.K. 230 00:09:06,560 --> 00:09:09,120 Okay. How much do you think it's worth? 231 00:09:09,200 --> 00:09:11,400 DENISE: Valued at 11 million in 2019. 232 00:09:11,480 --> 00:09:12,600 That's great. 233 00:09:13,640 --> 00:09:16,840 I mean, that's great. Right? 234 00:09:16,880 --> 00:09:19,160 And, actually, we've had the interiors done 235 00:09:19,240 --> 00:09:21,200 at Loro Piana upholstery recently, 236 00:09:21,280 --> 00:09:22,440 so it might be worth a premium. 237 00:09:22,520 --> 00:09:24,840 No, no, it's... it's not yours to sell. 238 00:09:24,880 --> 00:09:26,480 Charles didn't even own it anymore. 239 00:09:26,520 --> 00:09:28,360 He was leasing it from Hanani Publishing, 240 00:09:28,440 --> 00:09:31,120 and Scotland Yard are investigating it now. 241 00:09:31,160 --> 00:09:32,960 The Mallorcan police are doing interviews 242 00:09:33,040 --> 00:09:34,920 - with everyone on the boat. - What? 243 00:09:36,520 --> 00:09:37,560 Wh... Why? 244 00:09:38,640 --> 00:09:40,440 Are the Mallorcan police going to speak to me? 245 00:09:40,520 --> 00:09:42,560 DENISE: I don't know. Look, between us, 246 00:09:42,600 --> 00:09:44,120 Hanani Publishing are thinking 247 00:09:44,200 --> 00:09:46,320 about how to make up their losses on the money 248 00:09:46,400 --> 00:09:48,600 your father embezzled from the company. 249 00:09:48,680 --> 00:09:49,880 YASMIN: But we've been through this. 250 00:09:49,960 --> 00:09:52,440 - You know I don't have any money. - (TOILET FLUSHING) 251 00:09:52,480 --> 00:09:53,920 DENISE: What about your Pierpoint job? 252 00:09:54,000 --> 00:09:55,480 Thank God you've got that income. 253 00:09:55,560 --> 00:09:56,680 - (WATER RUNNING) - Yeah, I mean, 254 00:09:56,760 --> 00:09:58,360 you don't deserve all this shit. 255 00:09:58,440 --> 00:09:59,920 (CHUCKLES) Speak soon. 256 00:10:05,560 --> 00:10:07,440 ♪ (SMOOTH POP SONG PLAYING) ♪ 257 00:10:07,520 --> 00:10:09,520 (CELL PHONE CHIMES, VIBRATES) 258 00:10:10,200 --> 00:10:11,800 (DOOR OPENING) 259 00:10:12,600 --> 00:10:14,520 Why is Yasmin texting you so late? 260 00:10:16,720 --> 00:10:17,920 ERIC: We work together. 261 00:10:20,360 --> 00:10:22,040 (CELL PHONE CHIMES, VIBRATES) 262 00:10:26,560 --> 00:10:27,680 Do you want me to leave? 263 00:10:31,680 --> 00:10:33,960 Maybe you need someone younger? 264 00:10:35,920 --> 00:10:39,520 Maybe we're in very different places 265 00:10:39,600 --> 00:10:40,720 in our lives. 266 00:10:41,520 --> 00:10:43,040 (CHUCKLING) Oh, my gosh. 267 00:10:46,560 --> 00:10:47,960 Okay. 268 00:10:48,040 --> 00:10:53,080 Oh, God, that is such fucking typical fuckboy prevarication. 269 00:10:53,160 --> 00:10:54,680 Do you know what? Can I make something crystal 270 00:10:54,760 --> 00:10:56,200 for you, honey? You're an old man. 271 00:11:01,400 --> 00:11:03,600 I... I don't fuck like one though, right? 272 00:11:03,680 --> 00:11:06,080 ♪ (DRAMATIC MUSIC PLAYING) ♪ 273 00:11:09,880 --> 00:11:13,200 YASMIN: So, this is just Davos with a fashionable green veil? 274 00:11:13,280 --> 00:11:15,400 Just ESG enough to appease Democrats, 275 00:11:15,480 --> 00:11:19,400 and anti-woke enough not to trigger Republicans. 276 00:11:19,480 --> 00:11:21,880 The highest concentration of financial heavyweights 277 00:11:21,960 --> 00:11:25,000 in the smallest square footage looking for investment there? 278 00:11:25,080 --> 00:11:28,280 It'd be like using sticks of TNT to fish. 279 00:11:28,360 --> 00:11:30,920 We'll use the flight time so you can bring me up-to-speed 280 00:11:31,000 --> 00:11:32,840 on Lumi and the sector comm's flows. 281 00:11:32,880 --> 00:11:35,680 Fly in, present a united front. 282 00:11:35,760 --> 00:11:38,280 Poster children of a new kind of capitalism. 283 00:11:38,360 --> 00:11:40,840 (JET ENGINE WHIRRING) 284 00:11:40,880 --> 00:11:42,160 Why are we both here? 285 00:11:43,920 --> 00:11:46,200 Did Henry ask for me specifically? 286 00:11:46,280 --> 00:11:49,320 He did, but that doesn't mean you're not useful to me. 287 00:11:49,360 --> 00:11:50,840 Well, then can I at least help 288 00:11:50,920 --> 00:11:52,360 brief you on Lumi during the flight? 289 00:11:53,400 --> 00:11:54,360 Absolutely. 290 00:11:58,960 --> 00:11:59,920 Hi. 291 00:12:02,320 --> 00:12:06,200 ♪ (DRAMATIC MUSIC INTENSIFIES, FADES) ♪ 292 00:12:06,240 --> 00:12:08,040 So, what's the street saying 293 00:12:08,080 --> 00:12:11,040 in terms of brokers' recommendations on Lumi? 294 00:12:11,080 --> 00:12:13,280 Likely the syndicate banks will publish 295 00:12:13,360 --> 00:12:15,320 a mixture of buy and hold. 296 00:12:15,400 --> 00:12:17,040 Our analyst Frank's 297 00:12:17,120 --> 00:12:19,320 the tastemaker in the energy sector though, 298 00:12:19,360 --> 00:12:22,120 so people are waiting on his view. 299 00:12:22,200 --> 00:12:23,280 When's he publishing? 300 00:12:23,360 --> 00:12:25,200 (PILOT SPEAKING INDISTINCTLY) 301 00:12:25,280 --> 00:12:29,080 I heard whispers the next 48 hours, 302 00:12:29,160 --> 00:12:31,280 but I imagine it'll be after. 303 00:12:31,360 --> 00:12:34,040 Our research team know to manage the rollout 304 00:12:34,120 --> 00:12:35,760 of positive catalysts on the stock. 305 00:12:36,640 --> 00:12:39,040 His note would be more effective 306 00:12:39,120 --> 00:12:41,200 with breathing room after the panel. 307 00:12:41,280 --> 00:12:43,360 And you're confident it'll be a positive? 308 00:12:43,440 --> 00:12:45,760 I mean, his tone on the call was a bit hostile. 309 00:12:45,840 --> 00:12:49,040 We did the IPO. He knows who butters his bread. 310 00:12:49,120 --> 00:12:51,440 - You got any scotch? - Uh, we have Macallan 18. 311 00:12:52,440 --> 00:12:53,760 (PILOT CONTINUES SPEAKING) 312 00:12:54,840 --> 00:12:57,160 ...left turn, two-zero-five degrees to... 313 00:12:57,560 --> 00:12:59,440 You know what? 314 00:12:59,520 --> 00:13:02,600 We can drink when we've brought it home. 315 00:13:02,680 --> 00:13:05,120 - PILOT: ...3,000 feet. Any questions? - COPILOT: No. 316 00:13:05,200 --> 00:13:06,800 - PILOT: Okay. - Focus. 317 00:13:06,840 --> 00:13:08,240 PILOT: Safety procedure inspection 318 00:13:09,080 --> 00:13:10,360 before we start the checklist to... 319 00:13:10,440 --> 00:13:12,840 - Mr. Tao! (LAUGHS) - ERIC: Hey. 320 00:13:13,840 --> 00:13:15,480 - The willing sub. - (CHUCKLES) 321 00:13:16,120 --> 00:13:18,320 (SIGHS) Look, between us, 322 00:13:18,400 --> 00:13:20,200 I'm really glad you're replacing Bill. 323 00:13:20,280 --> 00:13:23,240 I had a preview of his planned panel remarks, 324 00:13:23,320 --> 00:13:25,600 and they were... they were reading a tad sterile. 325 00:13:25,680 --> 00:13:27,320 (BOTH LAUGH) 326 00:13:27,360 --> 00:13:29,560 HENRY: Maybe we could, uh, folk it up a bit. 327 00:13:29,640 --> 00:13:31,560 Make people really feel something. 328 00:13:31,600 --> 00:13:33,080 Sell the way we feel about it. 329 00:13:33,800 --> 00:13:35,840 Exactly. Yeah. (CHUCKLES) 330 00:13:36,760 --> 00:13:38,600 Well, uh... (CLEARS THROAT) 331 00:13:38,640 --> 00:13:40,600 Uh, guys, this is actually a tad awkward. 332 00:13:40,680 --> 00:13:43,880 Uh, we've got our other cabin for our bankers. 333 00:13:43,960 --> 00:13:45,920 You know, I... I don't want to be, uh, 334 00:13:46,640 --> 00:13:48,320 that person, but, um... 335 00:13:48,400 --> 00:13:50,480 (CLEARS THROAT) ...you know in the, uh, 336 00:13:50,560 --> 00:13:52,120 unlikely event of a... 337 00:13:52,200 --> 00:13:54,480 a crash landing, you'll all be safer in the back. 338 00:13:54,520 --> 00:13:56,960 (CHUCKLES) It's, uh, through here. 339 00:13:57,040 --> 00:13:59,120 I've got a couple of friends joining for the ride. 340 00:13:59,160 --> 00:14:02,720 Uh, Yasmin, um, why don't you hang up top with us? 341 00:14:02,800 --> 00:14:05,560 Someone told me you used to work in private wealth at Pierpoint. 342 00:14:05,640 --> 00:14:07,240 I could, uh... I could use a steer. 343 00:14:07,320 --> 00:14:09,760 ♪ (SOFT MUSIC PLAYING) ♪ 344 00:14:09,840 --> 00:14:10,800 Absolutely. 345 00:14:11,920 --> 00:14:14,600 Super. Uh, Caedi, uh, you don't mind 346 00:14:14,640 --> 00:14:16,760 bunking with the gentleman from Pierpoint, do you? 347 00:14:16,840 --> 00:14:19,640 - CAEDI MCFARLANE: Not at all. - HENRY: Great. Great. 348 00:14:22,560 --> 00:14:23,560 Oh, fab. 349 00:14:23,640 --> 00:14:26,920 Well, guys, it's great to have you aboard. 350 00:14:30,080 --> 00:14:32,360 - Hey, beautiful. How's it going? - HENRY: Lindt, you fucking tosser. 351 00:14:32,440 --> 00:14:33,520 - Hello. - XANDER LINDT: How's it going? 352 00:14:33,600 --> 00:14:34,800 - HENRY: Who's this? - XANDER: She has a million 353 00:14:34,880 --> 00:14:36,720 Instagram followers and calls Diplo "Wesley." 354 00:14:36,760 --> 00:14:37,840 That's all you need to know. 355 00:14:37,920 --> 00:14:39,560 HENRY: Glad to meet you. Pleasure. 356 00:14:39,600 --> 00:14:41,640 Henry has a taste for shiny, new things. 357 00:14:43,920 --> 00:14:45,840 - HENRY: Excited? - Very much so. 358 00:14:45,920 --> 00:14:47,720 My, uh, godfather, Otto, 359 00:14:47,800 --> 00:14:49,600 is hosting a drinks mixer tonight. 360 00:14:49,640 --> 00:14:50,760 We'd love for you to come. 361 00:14:54,080 --> 00:14:56,360 ♪ (SOFT MUSIC FADES) ♪ 362 00:14:56,440 --> 00:14:58,320 Hey. Where do I recognize you from? 363 00:14:59,360 --> 00:15:00,600 (ROBERT AND ERIC TALKING QUIETLY) 364 00:15:00,680 --> 00:15:02,680 You've got that... that look. 365 00:15:04,280 --> 00:15:05,240 I don't know. 366 00:15:06,520 --> 00:15:08,120 - Porn. - (XANDER LAUGHS) 367 00:15:09,520 --> 00:15:10,520 No, I never watch it. 368 00:15:12,000 --> 00:15:13,280 Unless it's directed by women. 369 00:15:14,600 --> 00:15:15,600 (CHUCKLES SOFTLY) 370 00:15:16,720 --> 00:15:18,840 My family's in the chocolate business, but, um, 371 00:15:19,800 --> 00:15:22,120 I'm an investor and a producer. 372 00:15:22,600 --> 00:15:23,640 (SNIFFS) 373 00:15:24,880 --> 00:15:28,040 I'm an investment banker. I work at Pierpoint. 374 00:15:28,120 --> 00:15:30,400 Ah. I thought you were just dating Henry. 375 00:15:34,000 --> 00:15:35,040 (CHUCKLES) 376 00:15:36,600 --> 00:15:39,480 ♪ (UPBEAT MUSIC PLAYING) ♪ 377 00:15:47,600 --> 00:15:50,000 I've got cramp in my jaw from pretending to smile. 378 00:15:51,680 --> 00:15:52,880 They're not going to beat us. 379 00:15:53,480 --> 00:15:54,680 (CHUCKLES) Everybody does. 380 00:15:54,760 --> 00:15:55,960 - (CAR DOOR CLOSES) - That's sorta my problem. 381 00:15:56,040 --> 00:15:58,400 Isn't that Frank Wade, our energy analyst? 382 00:15:58,440 --> 00:16:00,880 I hope his mood's improved since that Lumi earnings call. 383 00:16:00,960 --> 00:16:02,000 ERIC: Frankie! 384 00:16:02,080 --> 00:16:03,840 When are you publishing your buy note on Lumi? 385 00:16:04,880 --> 00:16:07,760 (INDISTINCT CHATTER) 386 00:16:10,920 --> 00:16:12,400 RECEPTIONIST: Welcome Mr. Tao. 387 00:16:12,480 --> 00:16:14,000 - May I have your passport? - ERIC: Of course. 388 00:16:15,000 --> 00:16:17,000 Are we expecting a fresh dump overnight? 389 00:16:17,080 --> 00:16:19,520 (SIGHS) Unfortunately, we are having 390 00:16:19,560 --> 00:16:22,080 - an unnaturally warm winter. - (KEYBOARD KEYS CLACKING) 391 00:16:22,160 --> 00:16:24,600 I have you in a mountain-facing deluxe. 392 00:16:24,680 --> 00:16:27,440 May I have the passport for your guest, please? 393 00:16:27,520 --> 00:16:28,840 - (TELEPHONE RINGING) - Uh, excuse me? 394 00:16:28,920 --> 00:16:30,680 - Uh, look... No, uh, no. - (LAUGHS) 395 00:16:30,760 --> 00:16:31,840 Uh, we're not together. 396 00:16:31,880 --> 00:16:33,640 - RECEPTIONIST: Uh... - Uh, it's Robert Spearing. 397 00:16:33,680 --> 00:16:35,040 - Oh. - (TELEPHONE RINGING) 398 00:16:35,080 --> 00:16:36,480 (INDISTINCT CHATTER) 399 00:16:36,560 --> 00:16:38,520 - Very sorry, sir. - (KEYBOARD KEYS CLACKING) 400 00:16:38,600 --> 00:16:41,200 There is no record of a booking under that name. 401 00:16:41,280 --> 00:16:42,280 Ah, fuck. 402 00:16:42,360 --> 00:16:44,360 The desk assistant must have fucked up. 403 00:16:44,440 --> 00:16:46,240 I'd usually be able to accommodate you, 404 00:16:46,320 --> 00:16:48,440 but this weekend is a special circumstance. 405 00:16:48,520 --> 00:16:52,240 Look, I'm a bit of a VIP. I'm on a panel. 406 00:16:52,320 --> 00:16:54,920 What country are you a delegate of, sir? 407 00:16:55,000 --> 00:16:57,840 What? Papua New Guinea. 408 00:16:57,920 --> 00:17:00,600 Okay. Well, everyone's on some form of panel. 409 00:17:00,680 --> 00:17:04,680 Can you make my room up to be a twin? 410 00:17:04,760 --> 00:17:06,599 Sir, I am very sorry. 411 00:17:06,640 --> 00:17:07,880 There is nothing we can do. 412 00:17:09,160 --> 00:17:10,760 This is room 300 413 00:17:10,839 --> 00:17:13,760 and it's first exit up the stairs. 414 00:17:14,359 --> 00:17:15,319 Thank you. 415 00:17:16,040 --> 00:17:17,000 Thank you. 416 00:17:18,680 --> 00:17:19,640 Sorry. 417 00:17:19,720 --> 00:17:21,839 PETRA: Eight thousand francs on my personal card, 418 00:17:21,920 --> 00:17:24,640 and it looks like something Trump vomited up in the '80s. 419 00:17:24,720 --> 00:17:26,160 - (CHUCKLES) - Ugh. 420 00:17:27,599 --> 00:17:30,080 Oh, well, at least we can use it to take meetings. 421 00:17:31,200 --> 00:17:32,280 (SIGHING) 422 00:17:32,360 --> 00:17:34,400 If Anna reaches out to you about my diary while I'm here, 423 00:17:34,480 --> 00:17:36,600 just tell her I had to stay in London, okay? 424 00:17:36,680 --> 00:17:39,600 She won't be suspicious after the contract? 425 00:17:39,640 --> 00:17:42,720 (SIGHS) Say I'm with my son. She'll understand. 426 00:17:43,840 --> 00:17:45,760 Tell her I'll be there in time for her panel. 427 00:17:45,840 --> 00:17:46,960 Buys us the morning. 428 00:17:47,040 --> 00:17:48,520 HARPER: Right. I'll tell her I'm working from home. 429 00:17:48,600 --> 00:17:51,120 - (CELL PHONE CHIMES) - Mm. (CHUCKLES) 430 00:17:51,200 --> 00:17:53,720 Weird timing. Anna's just sanctioned me to spend 431 00:17:53,760 --> 00:17:57,160 800 quid on a pair of Aimé Leon Dore New Balances 432 00:17:57,200 --> 00:17:59,320 - for her daughter's birthday. - (SCOFFS) 433 00:17:59,360 --> 00:18:03,560 - What a considerate mother. - Are you good tonight? 434 00:18:03,600 --> 00:18:06,760 I said that I would go meet a friend briefly at a party. 435 00:18:07,840 --> 00:18:08,800 Okay. 436 00:18:10,080 --> 00:18:11,720 Just remember we have an 8:00 a.m. 437 00:18:13,120 --> 00:18:15,480 - (INDISTINCT CHATTER) - ♪ (JAZZ MUSIC PLAYING) ♪ 438 00:18:16,200 --> 00:18:17,880 ROBERT: Any sign of Frank? 439 00:18:17,960 --> 00:18:20,720 ERIC: Just a bunch of suits cosplaying environmentalists. 440 00:18:20,800 --> 00:18:22,000 - (CHUCKLES) - ANNA: Eric? 441 00:18:22,720 --> 00:18:23,720 Hi. 442 00:18:25,160 --> 00:18:27,520 Are you guys heading to Condé Nast? 443 00:18:27,560 --> 00:18:29,920 I need my beauty sleep pre the panel. 444 00:18:30,000 --> 00:18:32,040 Did you see Morgan Stanley published on Lumi? 445 00:18:33,000 --> 00:18:35,240 Very noisy sell recommendation. 446 00:18:35,320 --> 00:18:36,640 Who cares about Morgan Stanley? 447 00:18:36,720 --> 00:18:39,200 Then why is the stock down five percent after market? 448 00:18:39,280 --> 00:18:40,520 I mean, I'm slightly worried 449 00:18:40,600 --> 00:18:42,120 about sharing the panel with Henry tomorrow. 450 00:18:42,200 --> 00:18:44,240 We're going to look like goons if we trumpet the future 451 00:18:44,280 --> 00:18:46,880 of an equity story that's getting pummeled. 452 00:18:46,960 --> 00:18:49,440 A few of my more skittish investors want me to fully 453 00:18:49,520 --> 00:18:51,400 unlever the fund's position on Lumi. 454 00:18:51,480 --> 00:18:53,480 - Okay, well... - Anna, please, can we get to Condé Nast? 455 00:18:53,520 --> 00:18:55,000 - I need to get eyes on Leo. - (CHUCKLES) 456 00:18:55,080 --> 00:18:58,120 Olaf, um, Eric Tao and Robert Spearing, 457 00:18:58,160 --> 00:18:59,840 - sales at Pierpoint. - Ah. 458 00:18:59,920 --> 00:19:01,720 Gentlemen, this is Olaf Heindorf, 459 00:19:01,800 --> 00:19:04,560 - CFO of Europa Gaz. - It's a pleasure to meet you. 460 00:19:04,640 --> 00:19:06,200 We're honored to be taking you public. 461 00:19:06,280 --> 00:19:08,120 Well, let's hope your investment banker's attitude 462 00:19:08,160 --> 00:19:10,040 to due diligence has sharpened since the Lumi deal. 463 00:19:10,120 --> 00:19:12,200 - (ANNA CHUCKLES) - Can I expect you 464 00:19:12,240 --> 00:19:13,360 at our panel tomorrow? 465 00:19:13,880 --> 00:19:15,040 Front and center. 466 00:19:15,120 --> 00:19:18,440 I'd like to leave impressed. Don't disappoint me, Mr. Tao. 467 00:19:18,480 --> 00:19:20,200 - (SPEAKS FRENCH) - Okay. D'accord. See you. 468 00:19:20,240 --> 00:19:22,080 ♪ (TENSE MUSIC PLAYING) ♪ 469 00:19:36,360 --> 00:19:38,360 - Hi, Frank. - ♪ (TENSE MUSIC CONCLUDES) ♪ 470 00:19:38,440 --> 00:19:40,360 ROBERT: Look, I know this is not the most 471 00:19:40,400 --> 00:19:42,360 appropriate time to introduce myself. 472 00:19:42,400 --> 00:19:43,840 I'm Robert. 473 00:19:43,920 --> 00:19:45,520 - Spearing. - Yeah, I know who you are. 474 00:19:45,600 --> 00:19:46,720 (CHUCKLES SOFTLY) 475 00:19:46,800 --> 00:19:49,040 We have a WhatsApp where we share 476 00:19:49,120 --> 00:19:51,520 the directory photos of all the hottest 477 00:19:51,600 --> 00:19:53,640 and straightest Pierpoint employees. 478 00:19:55,080 --> 00:19:57,880 Ooh! What an honor. 479 00:19:57,920 --> 00:19:59,920 Uh, look, I'm gonna cut the crap. 480 00:20:00,000 --> 00:20:02,040 You know the whole world's 481 00:20:02,120 --> 00:20:04,680 waiting on your note with bated breath. 482 00:20:04,720 --> 00:20:07,440 Yeah, I think you overrate how much people like research. 483 00:20:07,520 --> 00:20:09,000 - (CHUCKLES) - (SIGHS) 484 00:20:09,720 --> 00:20:11,400 You're not gonna publish a sell 485 00:20:11,480 --> 00:20:13,520 on Lumi during the conference, are you? 486 00:20:13,560 --> 00:20:15,520 FRANK: Is Eric nervous for the panel tomorrow? 487 00:20:16,760 --> 00:20:18,880 - ROBERT: Should he be? - (CHUCKLES) 488 00:20:18,960 --> 00:20:21,720 I'm gonna do what I always do. 489 00:20:21,800 --> 00:20:25,280 The thing that is ethical and intellectually correct. 490 00:20:25,360 --> 00:20:28,320 Plus, it would really hurt my comp if I published 491 00:20:28,400 --> 00:20:32,120 a sell recommendation now. And it's a compliance issue. 492 00:20:32,920 --> 00:20:36,160 And I really love me some compliance. 493 00:20:37,960 --> 00:20:40,280 ♪ ("Z'ALP" BY JODLERKLUB EDELWEISS THUN PLAYING) ♪ 494 00:20:40,320 --> 00:20:41,720 ♪ (SINGING IN SWISS GERMAN) ♪ 495 00:20:41,800 --> 00:20:43,160 OTTO MOSTYN: (IN ENGLISH) My initial impression 496 00:20:43,240 --> 00:20:46,360 of this climate conference is that it's like Cannes, 497 00:20:46,400 --> 00:20:50,160 except the attendees are richer, uglier, 498 00:20:50,200 --> 00:20:52,080 and somehow more insecure than movie people. 499 00:20:52,160 --> 00:20:53,400 AURORE ADEKUNLE: Otto, darling! 500 00:20:53,480 --> 00:20:55,120 - Aurore! - (CHUCKLES) 501 00:20:55,200 --> 00:20:57,840 - Hello. - Sorry I was held up. 502 00:20:57,920 --> 00:20:59,480 Macron and his business minister 503 00:20:59,560 --> 00:21:01,000 were chewing the Chancellor's ear off 504 00:21:01,040 --> 00:21:02,400 about strike action, 505 00:21:02,480 --> 00:21:05,600 and minimum service levels, and blah, blah, blah, blah. 506 00:21:05,680 --> 00:21:08,280 ALEXANDER NORTON: The PM was daft to let the Chancellor take his place. 507 00:21:08,320 --> 00:21:10,520 That's hardly leadership on the world stage. 508 00:21:10,600 --> 00:21:12,400 Your readers would never forgive him 509 00:21:12,480 --> 00:21:15,360 if he looked like he was serious about the climate catastrophe. 510 00:21:15,440 --> 00:21:17,400 Every meeting I've had, Henry, 511 00:21:17,480 --> 00:21:20,480 is about the impending spike in natural gas prices. 512 00:21:20,560 --> 00:21:22,760 Are you going to be passing the cost on to consumers? 513 00:21:22,840 --> 00:21:26,200 Because a lot of my constituents signed up to Lumi's service. 514 00:21:26,280 --> 00:21:28,760 Does everything have to be immediately political? 515 00:21:28,840 --> 00:21:30,840 If there's more than one person in the room, Henry, 516 00:21:30,880 --> 00:21:32,520 - it's political. - Otto. 517 00:21:32,600 --> 00:21:33,680 OTTO: It is. 518 00:21:34,880 --> 00:21:37,360 AURORE: Hello, darling. Lovely to see you. 519 00:21:38,120 --> 00:21:39,680 - Have you got a drink? - No. 520 00:21:39,760 --> 00:21:41,360 - I'm gasping. - I'll direct you 521 00:21:41,440 --> 00:21:42,720 - in the right direction. - (LAUGHS) 522 00:21:42,800 --> 00:21:45,080 ♪ (MELLOW SONG PLAYING) ♪ 523 00:21:46,560 --> 00:21:47,600 XANDER: Were you avoiding me? 524 00:21:48,520 --> 00:21:49,480 YASMIN: No. 525 00:21:50,520 --> 00:21:51,560 No, um... 526 00:21:52,480 --> 00:21:54,280 I actually wanted to ask you 527 00:21:54,360 --> 00:21:57,600 if your family office have any Sales and Trading coverage. 528 00:22:00,320 --> 00:22:01,440 You're alluring. 529 00:22:02,240 --> 00:22:03,200 Very elusive. 530 00:22:04,160 --> 00:22:05,720 - Not intentionally. - (DOOR OPENING) 531 00:22:07,680 --> 00:22:08,680 XANDER: You're at the Grand, right? 532 00:22:08,760 --> 00:22:10,800 - Mm-hmm. - XANDER: Yeah, my family owns it. 533 00:22:11,960 --> 00:22:13,600 I'm DJ-ing in the basement tomorrow. 534 00:22:13,680 --> 00:22:17,040 - Those statements are unrelated. - (CHUCKLES) 535 00:22:17,120 --> 00:22:19,320 But you should... you should come with. 536 00:22:19,360 --> 00:22:21,960 We can discuss whatever you wanna discuss there. 537 00:22:24,360 --> 00:22:25,400 Maybe someday. 538 00:22:25,480 --> 00:22:26,720 - XANDER: Yeah. - Yeah. 539 00:22:30,000 --> 00:22:31,000 You know, I, um... 540 00:22:32,320 --> 00:22:35,920 I've dabbled in some amateur mentalism 541 00:22:36,000 --> 00:22:39,120 and I'd like to think that I'm a pretty good reader of people. 542 00:22:39,200 --> 00:22:41,440 I sort of get the feeling that you are really... 543 00:22:42,600 --> 00:22:44,560 very sad. 544 00:22:44,640 --> 00:22:47,640 Look, I'm, um, not interested, okay? 545 00:22:51,120 --> 00:22:53,520 XANDER: I gathered you'd open your legs for a bottle of 1942, 546 00:22:53,560 --> 00:22:54,880 given your situation. 547 00:23:00,640 --> 00:23:03,680 ♪ (CLASSICAL MUSIC PLAYING ON TV) ♪ 548 00:23:09,280 --> 00:23:11,560 We need to spend as little time in here as possible. 549 00:23:13,680 --> 00:23:15,520 You were right about Frank, by the way. 550 00:23:18,240 --> 00:23:19,440 He's a company man. 551 00:23:21,080 --> 00:23:22,120 I told you. 552 00:23:24,040 --> 00:23:25,400 Shame about the snow. 553 00:23:29,360 --> 00:23:33,840 (ROBERT MUNCHING) 554 00:23:33,920 --> 00:23:35,920 So, what's the story with you and Yas? 555 00:23:38,240 --> 00:23:41,320 Are you together, or with benefits, or what? 556 00:23:41,400 --> 00:23:42,400 We're flatmates. 557 00:23:44,800 --> 00:23:46,320 - As colleagues. - Come on. 558 00:23:47,480 --> 00:23:48,440 (SCOFFS) 559 00:23:50,040 --> 00:23:52,280 "The maximum amount of money 560 00:23:52,320 --> 00:23:54,560 doing the maximum amount of good." 561 00:23:54,640 --> 00:23:56,680 Can you smell the bullshit coming off that? 562 00:23:58,680 --> 00:24:00,440 Sounds about the right tone for here. 563 00:24:02,400 --> 00:24:06,560 ♪ ("PARCE QUE TU CROIS" BY CHARLES AZNAVOUR PLAYING) ♪ 564 00:24:06,640 --> 00:24:10,280 - ♪ (SINGING IN FRENCH) ♪ - (LAUGHS) 565 00:24:10,360 --> 00:24:12,960 - (IN ENGLISH) Wonderful timing you have. - Oh, I, uh... 566 00:24:13,000 --> 00:24:14,680 - Yes, of course. - Excuse me for two minutes. I'll be back. 567 00:24:14,760 --> 00:24:16,240 (AURORE SPEAKING INDISTINCTLY) 568 00:24:19,320 --> 00:24:21,440 Oh, my God, I am so glad you're here. 569 00:24:21,520 --> 00:24:23,240 - Thank you for coming. - Yeah, of course. 570 00:24:23,280 --> 00:24:24,760 YASMIN: I'm so fucking alone. 571 00:24:27,000 --> 00:24:30,560 Um, do you think you could intro me to Otto? 572 00:24:31,360 --> 00:24:33,800 - Can it wait? - (SIGHS) 573 00:24:33,880 --> 00:24:34,920 My colleague, Petra, 574 00:24:35,000 --> 00:24:37,240 set some investor intro meets for us tomorrow, 575 00:24:37,320 --> 00:24:39,760 but I just... I... I feel like he might be more our tempo. 576 00:24:41,520 --> 00:24:42,640 (CHUCKLES) 577 00:24:42,720 --> 00:24:44,320 - Okay. - Thank you. Thank you. 578 00:24:44,960 --> 00:24:47,560 (INDISTINCT CHATTER) 579 00:24:47,600 --> 00:24:48,640 - Otto! - OTTO: Yes? 580 00:24:48,720 --> 00:24:50,640 - This is Harper. - HARPER: Stern. Harper Stern. 581 00:24:50,720 --> 00:24:52,880 Oh, great. Who invited you? 582 00:24:52,960 --> 00:24:54,920 (CHUCKLES) Uh, why do you assume 583 00:24:55,000 --> 00:24:56,880 I'm not influential enough to make the list? 584 00:24:56,960 --> 00:25:00,160 Um, because you're a diminutive woman. 585 00:25:00,240 --> 00:25:02,520 Well, the climate crisis would be resolved 586 00:25:02,600 --> 00:25:03,920 if women were in charge, right? 587 00:25:03,960 --> 00:25:06,440 I prefer the kind of feminism where women can be cunts. 588 00:25:06,520 --> 00:25:07,480 - Oh. - (HENRY AND AURORE CHUCKLING) 589 00:25:07,520 --> 00:25:08,560 YASMIN: Harper works at... 590 00:25:08,640 --> 00:25:10,760 I used to be a trader at Pierpoint. 591 00:25:10,800 --> 00:25:13,680 We met on that shoot with Jesse Bloom. 592 00:25:13,760 --> 00:25:15,320 Or, can we no longer say 593 00:25:15,400 --> 00:25:16,760 - his name out loud? - (LAUGHS) 594 00:25:16,800 --> 00:25:18,760 I'm a trader now. A PM. 595 00:25:18,800 --> 00:25:20,480 - I'm pitching a new fund. - AURORE: Oh. 596 00:25:22,040 --> 00:25:23,040 ESG? 597 00:25:23,800 --> 00:25:25,080 - No. - OTTO: Oh. 598 00:25:25,160 --> 00:25:28,040 Well, I would, uh, choose your audience carefully. 599 00:25:28,080 --> 00:25:31,280 You wouldn't believe how strong an opiate politics is. 600 00:25:31,360 --> 00:25:35,560 Even convinces some people that they're happy losing money. 601 00:25:35,640 --> 00:25:37,640 - Aurore. (LAUGHS) - (AURORE CHUCKLES) 602 00:25:37,720 --> 00:25:41,240 Hey, um... So, um, is... is your dad really on the run, 603 00:25:41,320 --> 00:25:44,480 or did... did you kill him or something? 604 00:25:44,920 --> 00:25:45,880 HARPER: What? 605 00:25:46,880 --> 00:25:49,120 - Mate, what the fuck? - (CHUCKLES) 606 00:25:53,400 --> 00:25:54,520 (SCOFFS) Oh, my God. 607 00:25:54,600 --> 00:25:56,800 OTTO: Xander, you do realize Charles Hanani... 608 00:25:56,840 --> 00:25:58,240 HENRY: Yas! Yas! Yas! 609 00:25:58,280 --> 00:26:00,560 Were you, like, gossiping with him about me? 610 00:26:00,640 --> 00:26:02,360 I'm sorry. He's such a fucking... 611 00:26:03,360 --> 00:26:04,560 Yeah, I'm not gonna use that word. 612 00:26:04,640 --> 00:26:08,480 It's not very PC. No, wait, wait, wait, wait. 613 00:26:08,520 --> 00:26:11,520 (SIGHS) I didn't say anything. I might have told him your name, 614 00:26:11,600 --> 00:26:13,160 and, you know, sorry, I shouldn't have done that, 615 00:26:13,240 --> 00:26:14,920 - but, uh... - Can I go? 616 00:26:16,120 --> 00:26:17,360 Like, in a professional capacity, 617 00:26:17,400 --> 00:26:18,760 can I leave now? 618 00:26:18,800 --> 00:26:22,200 Yeah. (CHUCKLES) I'm not keeping you here. 619 00:26:22,280 --> 00:26:24,480 Yeah, you were never here in a professional capacity. 620 00:26:24,560 --> 00:26:25,720 Yes, I was! 621 00:26:26,600 --> 00:26:28,440 Yes, I fucking was! 622 00:26:32,800 --> 00:26:33,760 Excuse me. 623 00:26:35,680 --> 00:26:39,160 - Just wait for me. Yas... - Is it bad that I miss him? 624 00:26:39,240 --> 00:26:41,920 But I just don't understand. I don't understand 625 00:26:42,000 --> 00:26:45,120 how I can miss him if I hated him. 626 00:26:45,160 --> 00:26:47,000 Maybe I didn't. Maybe I never hated him, 627 00:26:47,080 --> 00:26:48,520 because otherwise, why do I feel like this? 628 00:26:48,600 --> 00:26:50,360 Why do I feel like this when he's... 629 00:26:51,720 --> 00:26:52,640 He's... 630 00:26:52,720 --> 00:26:54,120 - (GASPS) - (HEARTBEAT THUMPING RAPIDLY) 631 00:26:54,160 --> 00:26:55,920 - Please... - Fucking whore! 632 00:26:56,000 --> 00:26:57,480 ♪ (SOMBER MUSIC PLAYING) ♪ 633 00:26:59,000 --> 00:27:00,480 At least you had the privilege of having a father 634 00:27:00,560 --> 00:27:02,240 to fuck you up in first place. (CHUCKLES) 635 00:27:04,080 --> 00:27:05,960 - I'm sorry. Not helpful at all. - (SNIFFLES) 636 00:27:06,040 --> 00:27:07,000 HARPER: I'm sorry. 637 00:27:08,320 --> 00:27:10,480 - (SIGHS) - HARPER: Look, you need to be strong, okay? 638 00:27:10,560 --> 00:27:13,200 And it will pass. I know that much. It will pass. 639 00:27:13,760 --> 00:27:15,760 This doesn't pass. 640 00:27:16,720 --> 00:27:18,240 Of course it fucking does. 641 00:27:19,840 --> 00:27:23,480 You're right. (SNIFFLES, SIGHS) 642 00:27:23,560 --> 00:27:26,720 You're right. (SNIFFLES) You're right. (CHUCKLES) 643 00:27:28,080 --> 00:27:29,040 Hey. 644 00:27:29,840 --> 00:27:30,800 Nikki Beach. 645 00:27:33,440 --> 00:27:34,640 (CHUCKLES) 646 00:27:36,400 --> 00:27:37,520 HARPER: Hey, come here. 647 00:27:38,240 --> 00:27:41,040 (YASMIN CHUCKLES, SNIFFLES) 648 00:27:41,120 --> 00:27:45,080 - ♪ (SOMBER MUSIC FADES) ♪ - (BREATHES DEEPLY) 649 00:27:45,120 --> 00:27:50,360 (KEYBOARD CLACKING) 650 00:27:50,440 --> 00:27:53,960 We're an event-driven equity long-short with macro-overlay. 651 00:27:54,040 --> 00:27:56,160 I'm a seasoned stock picker, and Harper here 652 00:27:56,240 --> 00:27:58,360 is a talented macro trend analyzer. 653 00:28:00,040 --> 00:28:01,040 Mm-hmm. 654 00:28:03,080 --> 00:28:04,400 We represent the Church Commissioners 655 00:28:04,480 --> 00:28:05,640 for England fund. 656 00:28:05,720 --> 00:28:08,200 We manage the Church of England's money. 657 00:28:08,280 --> 00:28:10,440 - So, you were at FutureDawn, right? - Mm. 658 00:28:10,480 --> 00:28:11,920 You were across their Lumi investment? 659 00:28:12,000 --> 00:28:13,040 PETRA: Yeah. 660 00:28:13,120 --> 00:28:15,440 I think the stock will eventually prove to be 661 00:28:15,520 --> 00:28:17,600 what it is, a disease-riddled dog. 662 00:28:21,320 --> 00:28:25,440 I did engineering at MIT. I did two years at CERN. 663 00:28:25,520 --> 00:28:28,320 - Not far from here, actually. - (KEYBOARD CLACKING) 664 00:28:28,400 --> 00:28:30,200 You know, there are a lot of ESG funds here 665 00:28:30,280 --> 00:28:31,760 looking to raise money. 666 00:28:31,840 --> 00:28:34,320 Where do you see your edge in this space? 667 00:28:34,400 --> 00:28:36,600 We intend to be a little less 668 00:28:36,680 --> 00:28:38,600 - philosophically... - Dogmatic. 669 00:28:38,640 --> 00:28:39,800 - MANAGEMENT CONSULTANT: Dogmatic? - Mm. 670 00:28:39,880 --> 00:28:42,200 That word seems to be doing a lot of work. 671 00:28:42,240 --> 00:28:45,280 Sorry, is your boss going to be joining us? 672 00:28:45,360 --> 00:28:46,720 To be honest, I'm here as a courtesy, 673 00:28:46,800 --> 00:28:47,840 and I think it's important 674 00:28:47,920 --> 00:28:50,120 that juniors start to build their own little networks. 675 00:28:51,240 --> 00:28:52,200 - Well, good for you. - Yeah. 676 00:28:52,280 --> 00:28:54,400 - That's very con... Yeah. - Hmm. 677 00:28:54,480 --> 00:28:56,320 (BREATHES DEEPLY) 678 00:28:56,400 --> 00:29:00,720 This is an invitation to make serious money. 679 00:29:00,800 --> 00:29:02,880 Let's get Jesus out of those sandals 680 00:29:02,960 --> 00:29:04,240 and into some Jordans. 681 00:29:05,680 --> 00:29:07,200 You'll get proper returns 682 00:29:07,280 --> 00:29:09,960 dressed in whatever politics you want. 683 00:29:12,040 --> 00:29:14,600 I bet you've seen a baby-faced kid with an iPad, 684 00:29:14,640 --> 00:29:17,520 transcribing stuff for her boss who can't be bothered to show. 685 00:29:17,600 --> 00:29:18,720 Couple McKinsey types 686 00:29:18,800 --> 00:29:20,720 fiercely trying to out-outrage each other. 687 00:29:21,120 --> 00:29:22,080 Textbook. 688 00:29:22,800 --> 00:29:23,920 People are gonna dance around it, 689 00:29:24,000 --> 00:29:25,440 but if they're gonna invest, one word. 690 00:29:25,480 --> 00:29:28,080 Outperformance, outperformance, outperformance. 691 00:29:28,120 --> 00:29:29,560 People are playing politics. 692 00:29:29,640 --> 00:29:31,000 They'll be less inclined to if you can prove 693 00:29:31,080 --> 00:29:32,400 supernormal returns. 694 00:29:32,480 --> 00:29:35,560 The actual physical track record is a due diligence rubber stamp 695 00:29:35,640 --> 00:29:38,000 down the line once we've got interest. 696 00:29:38,080 --> 00:29:39,560 That's the only way you get interest. 697 00:29:39,640 --> 00:29:43,920 There's too much competition. Thanks for, uh, "Deez nuts." 698 00:29:44,920 --> 00:29:47,080 ♪ (TENSE MUSIC PLAYING) ♪ 699 00:29:47,160 --> 00:29:48,120 (DOOR OPENING) 700 00:29:49,400 --> 00:29:51,440 - (SIGHS) - (DOOR CLOSING) 701 00:29:51,520 --> 00:29:53,040 How hard is it to get a track? 702 00:29:53,120 --> 00:29:55,920 Ugh! I don't keep it on my desktop. 703 00:29:56,000 --> 00:29:57,480 Elevating a request for it internally 704 00:29:57,560 --> 00:29:59,880 would have raised a red flag. 705 00:29:59,920 --> 00:30:01,440 Why can't you just, like, take pictures of it 706 00:30:01,520 --> 00:30:03,040 off your compliance person's screen? 707 00:30:03,760 --> 00:30:05,400 I don't think that's legal. 708 00:30:05,480 --> 00:30:06,800 - ANNA: We can talk about... - HARPER: Fuck. Move. 709 00:30:06,880 --> 00:30:08,320 PETRA: The fuck are you doing? What the fuck? 710 00:30:08,360 --> 00:30:09,400 We need to go this way. 711 00:30:09,480 --> 00:30:13,560 (ANNA AND ERIC SPEAKING INDISTINCTLY) 712 00:30:13,600 --> 00:30:15,640 ♪ (SUSPENSEFUL MUSIC PLAYING) ♪ 713 00:30:17,600 --> 00:30:18,960 Fuck. 714 00:30:19,000 --> 00:30:20,040 That was Eric and Anna. 715 00:30:20,120 --> 00:30:21,200 I just, like, thought they shouldn't 716 00:30:21,240 --> 00:30:23,600 see us together, right? (CHUCKLES) 717 00:30:23,640 --> 00:30:24,560 Sorry for pushing you. 718 00:30:24,640 --> 00:30:27,680 I'm a little further along in life than you. 719 00:30:27,760 --> 00:30:30,280 (SCOFFS) Maybe it's not wise for me to start again. 720 00:30:30,360 --> 00:30:33,680 Again. Fuck. I'm going to Anna's panel. 721 00:30:33,760 --> 00:30:34,920 Maybe we should just go back to London 722 00:30:35,000 --> 00:30:36,360 and forget this ever happened. 723 00:30:37,840 --> 00:30:39,400 ♪ (SUSPENSEFUL MUSIC PEAKS) ♪ 724 00:30:39,480 --> 00:30:41,680 REALITY TV STAR 1: Obviously, I'm getting a little sick and tired... 725 00:30:41,760 --> 00:30:44,280 - (CELL PHONE VIBRATES) - ...of raggedy-ass bitches, who take Spirit flights 726 00:30:44,360 --> 00:30:46,360 and forget to change their tampons, accusing me of... 727 00:30:46,440 --> 00:30:48,000 Harper, hi. 728 00:30:48,080 --> 00:30:50,160 - What are you up to? - YASMIN: You know. 729 00:30:50,240 --> 00:30:51,640 Important Pierpoint stuff. 730 00:30:52,480 --> 00:30:54,400 HARPER: I'm... I'm in a bit of a jam. 731 00:30:54,440 --> 00:30:55,600 YASMIN: What's going on? 732 00:30:55,640 --> 00:30:57,840 Are you and Petra working on something? 733 00:30:57,920 --> 00:30:59,240 HARPER: Petra's going out on her own 734 00:30:59,320 --> 00:31:00,680 and I have an opportunity to follow. 735 00:31:01,360 --> 00:31:02,920 YASMIN: I fucking knew it. 736 00:31:03,000 --> 00:31:04,160 HARPER: She's having second thoughts 737 00:31:04,240 --> 00:31:06,480 and I need to push her over the edge. 738 00:31:06,520 --> 00:31:07,880 We're trying to raise funds and we don't have 739 00:31:07,920 --> 00:31:09,720 a physical track of Petra's returns. 740 00:31:09,800 --> 00:31:10,800 When you covered Anna, 741 00:31:10,880 --> 00:31:12,600 did you keep a record of her physical track? 742 00:31:12,680 --> 00:31:13,640 YASMIN: No. 743 00:31:15,640 --> 00:31:18,960 But Pierpoint Asset Management invest in FutureDawn. 744 00:31:19,000 --> 00:31:21,560 So, someone in PAM will have access 745 00:31:21,600 --> 00:31:23,480 to FutureDawn's traders' performance. 746 00:31:23,560 --> 00:31:25,680 - ♪ (SOFT MUSIC PLAYING) ♪ - That checks out. 747 00:31:25,760 --> 00:31:27,760 I think our, um, our grad, 748 00:31:27,840 --> 00:31:30,440 Sweetpea Golightly, did a rotation in PAM. 749 00:31:30,520 --> 00:31:32,160 So, she'll know a junior in that division. 750 00:31:32,240 --> 00:31:33,440 Great, yeah. Um, 751 00:31:33,480 --> 00:31:35,120 could they get Petra Koenig's track 752 00:31:35,200 --> 00:31:37,240 as innocently as possible? Screenshots? 753 00:31:38,360 --> 00:31:39,760 Okay. 754 00:31:39,840 --> 00:31:42,040 I'll lean on them and make it happen, but, um... 755 00:31:43,240 --> 00:31:44,720 If I... if I do this, 756 00:31:44,800 --> 00:31:48,320 I want your fund's commission next to my name. 757 00:31:48,360 --> 00:31:51,360 Bitch, you know I always wanted you to work for me. 758 00:31:51,400 --> 00:31:52,440 (CHUCKLES) 759 00:31:52,520 --> 00:31:53,480 (CHUCKLES) 760 00:31:53,560 --> 00:31:55,160 (CHATTER ON TV CONTINUES) 761 00:31:55,200 --> 00:31:57,040 REALITY TV STAR 2: Bitch, you better buckle that fucking mouth 762 00:31:57,120 --> 00:31:58,920 right now, you slimy-ass ho! 763 00:31:59,000 --> 00:32:02,440 - (AUDIENCE APPLAUDING) - ♪ (SOFT MUSIC PEAKS, FADES) ♪ 764 00:32:04,920 --> 00:32:08,240 Eric, tell us a little bit about Henry and Lumi's journey. 765 00:32:08,320 --> 00:32:10,000 - ♪ (MUSIC CONCLUDES) ♪ - ERIC: You know, 766 00:32:10,080 --> 00:32:12,480 when Henry first came into Pierpoint, 767 00:32:12,520 --> 00:32:13,880 I know my colleagues 768 00:32:13,960 --> 00:32:15,960 were so impressed with his vision. 769 00:32:16,040 --> 00:32:17,360 Here was a young man 770 00:32:17,440 --> 00:32:20,520 who wanted root-and-branch change 771 00:32:20,600 --> 00:32:22,080 in an industry. 772 00:32:22,160 --> 00:32:24,560 Wean people off their dependency on fossil fuels 773 00:32:24,600 --> 00:32:27,960 while also bringing the man on Main Street's bills down. 774 00:32:28,040 --> 00:32:30,000 It was a bespoke, 775 00:32:30,080 --> 00:32:34,360 local execution of a global vision. 776 00:32:34,400 --> 00:32:35,600 HENRY: There was a, you know, 777 00:32:35,680 --> 00:32:37,240 - a real sense of kismet. - (CELL PHONE VIBRATES) 778 00:32:37,320 --> 00:32:39,520 HENRY: Yeah, I remember that rainy Tuesday very fondly. 779 00:32:39,600 --> 00:32:41,840 - (ERIC AND HENRY CHUCKLE) - ♪ (TENSE MUSIC PLAYING) ♪ 780 00:32:41,920 --> 00:32:45,280 HENRY: Uh, it felt like the beginning of a revolution. 781 00:32:45,320 --> 00:32:48,080 And I was sick to death of these corporate elites 782 00:32:48,160 --> 00:32:49,520 preying on the little guy. 783 00:32:49,600 --> 00:32:52,720 - So, that kind of became a... - ROBERT: What the fuck? 784 00:32:52,800 --> 00:32:53,840 - ...a mission statement. - YASMIN: What? 785 00:32:53,920 --> 00:32:55,320 ROBERT: Frank's just published a hold. 786 00:32:55,360 --> 00:32:56,960 HENRY: I wanted to break 787 00:32:57,000 --> 00:32:58,400 - the monopolistic... - YASMIN: Fuck me. 788 00:32:58,480 --> 00:33:01,160 ...stranglehold that the, uh, 789 00:33:01,200 --> 00:33:03,840 of the cartel that the energy majors were running. 790 00:33:04,560 --> 00:33:06,280 (AUDIENCE APPLAUDS) 791 00:33:17,480 --> 00:33:19,720 ERIC: As we roar into the twenties, 792 00:33:19,800 --> 00:33:21,880 Pierpoint and Lumi share the same ethos. 793 00:33:21,960 --> 00:33:24,600 We want to see the maximum amount of money 794 00:33:24,680 --> 00:33:27,320 doing the maximum amount of good. 795 00:33:27,400 --> 00:33:28,760 It's a credo, I know, 796 00:33:28,840 --> 00:33:31,200 progressive funds like Anna's share, too. 797 00:33:31,280 --> 00:33:33,080 MODERATOR: What do you think of the U.K. government's 798 00:33:33,160 --> 00:33:34,760 commitment to net zero? 799 00:33:34,800 --> 00:33:36,840 Well, some say it's a luxury that they can't afford 800 00:33:36,920 --> 00:33:38,120 with the impending energy crisis. 801 00:33:38,200 --> 00:33:41,320 It's... it's not a luxury, it's a necessity. 802 00:33:41,400 --> 00:33:43,920 You know, we work very closely with the U.K. government. 803 00:33:44,000 --> 00:33:46,240 The Energy Secretary Aurore Adekunle 804 00:33:46,320 --> 00:33:47,840 has been a huge champion of ours. 805 00:33:47,880 --> 00:33:49,560 MODERATOR: Well, we have a roving mic 806 00:33:49,640 --> 00:33:51,760 in the crowd. So, I would like to throw the floor 807 00:33:51,840 --> 00:33:53,360 to our audience for some QandA. 808 00:33:53,960 --> 00:33:55,240 Yes. 809 00:33:55,320 --> 00:33:57,800 NATE WAGHORN: Hi, panel. Nate Waghorn, MarketWatch. 810 00:33:57,880 --> 00:33:59,680 The growing number of Lumi sell recommendations 811 00:33:59,720 --> 00:34:01,520 published from banks that didn't do its IPO. 812 00:34:01,600 --> 00:34:05,720 The rally in natural gas. Is this a panel or a funeral? 813 00:34:05,760 --> 00:34:07,400 This isn't the WEF. 814 00:34:08,679 --> 00:34:11,159 We're here to talk about the climate catastrophe. 815 00:34:11,199 --> 00:34:14,000 Do any of us look like we're at a funeral? 816 00:34:14,080 --> 00:34:16,040 (ALL LAUGH) 817 00:34:16,120 --> 00:34:18,679 Okay, another question. Let's see. 818 00:34:19,239 --> 00:34:20,920 Yes, lady in the back. 819 00:34:21,520 --> 00:34:23,360 HARPER: Hi, Harper Stern. 820 00:34:23,440 --> 00:34:26,400 I am a macro trader and a junior PM. 821 00:34:26,480 --> 00:34:30,840 Petra Koenig and I have come to COP to launch a new fund, 822 00:34:30,920 --> 00:34:32,120 spinning out of FutureDawn. 823 00:34:32,199 --> 00:34:36,040 My question is why is Pierpoint holding 824 00:34:36,120 --> 00:34:39,000 this ideas festival in the shadow 825 00:34:39,080 --> 00:34:40,760 of a climate conference? 826 00:34:40,800 --> 00:34:43,960 We have a green-energy CEO, a senior PM 827 00:34:44,000 --> 00:34:45,400 - of a green-leaning fund... - (SIGHS) 828 00:34:45,440 --> 00:34:48,040 ...and a random salesman 829 00:34:48,120 --> 00:34:50,040 from an American investment bank. 830 00:34:51,000 --> 00:34:53,679 Is this just the media financial complex 831 00:34:53,760 --> 00:34:54,920 patting itself on the back? 832 00:34:57,040 --> 00:34:59,120 And surely your sales patter must be moot, 833 00:34:59,200 --> 00:35:00,880 given Frank Wade at Pierpoint 834 00:35:00,920 --> 00:35:04,520 has now published a hold on Lumi. 835 00:35:04,600 --> 00:35:06,120 (INDISTINCT MURMURS) 836 00:35:06,160 --> 00:35:08,320 HARPER: Given you are the lead underwriter, 837 00:35:08,400 --> 00:35:10,320 it is tantamount to a sell. 838 00:35:13,400 --> 00:35:15,160 I guess the gentleman 839 00:35:15,240 --> 00:35:17,120 who said funeral didn't misspeak. 840 00:35:21,440 --> 00:35:23,680 (SOFTLY) Fucking thing's down 15 percent. 841 00:35:27,440 --> 00:35:31,600 We are a financial institution trying to do good. 842 00:35:32,320 --> 00:35:33,800 Whether we like it or not... 843 00:35:35,120 --> 00:35:38,280 every debate is linked. It starts and ends with capital. 844 00:35:41,080 --> 00:35:43,600 And that's... Yes, thank you, thank you. Thank you very... 845 00:35:43,680 --> 00:35:45,040 That is all the time we have for today. 846 00:35:45,120 --> 00:35:47,040 Thank you kindly to the team from Lumi. 847 00:35:47,120 --> 00:35:48,360 We've thoroughly enjoyed 848 00:35:48,400 --> 00:35:49,800 having you here on today's panel. 849 00:35:49,880 --> 00:35:51,600 Thank you for your candid responses 850 00:35:51,640 --> 00:35:52,840 to these questions. 851 00:35:52,920 --> 00:35:54,320 Ladies and gentlemen, the team from Lumi. 852 00:35:54,400 --> 00:35:56,680 - ♪ (TENSE MUSIC CONCLUDES) ♪ - (INDISTINCT CHATTER) 853 00:35:56,760 --> 00:35:58,480 PETER FERGUSSON: You got a marketing deck for your fund? 854 00:35:59,520 --> 00:36:01,440 It's refreshing to hear a dissenting voice 855 00:36:01,520 --> 00:36:02,880 that sounds like the one in my head. 856 00:36:02,920 --> 00:36:05,840 (CHUCKLES) Uh, we are working on it. 857 00:36:05,880 --> 00:36:07,160 PETER: Does your fund have a name? 858 00:36:08,360 --> 00:36:10,600 That would be a good place to start. 859 00:36:13,840 --> 00:36:15,920 What the fuck is wrong with you? 860 00:36:16,000 --> 00:36:17,640 In what way was that professional? 861 00:36:19,640 --> 00:36:20,640 What were you gonna do? 862 00:36:21,400 --> 00:36:23,800 Sit in that fund and make a salary 863 00:36:23,880 --> 00:36:26,080 by passively accruing fees? 864 00:36:26,160 --> 00:36:29,480 You are an intellect. You deserve autonomy. 865 00:36:29,560 --> 00:36:31,440 Do you need a fucking dictionary? 866 00:36:31,520 --> 00:36:35,640 You literally just tried to make that decision for me. 867 00:36:35,720 --> 00:36:38,480 I'm going back to London. This was a huge fucking mistake. 868 00:36:38,560 --> 00:36:40,480 Serves me right for getting involved with a child. 869 00:36:40,560 --> 00:36:43,160 - (KNOCKING ON DOOR) - ♪ (SUSPENSEFUL MUSIC PLAYING) ♪ 870 00:36:44,080 --> 00:36:45,040 I'll get it. 871 00:36:49,800 --> 00:36:52,280 "Fortune, good night. Smile once more. 872 00:36:52,800 --> 00:36:53,800 Turn thy wheel." 873 00:36:58,080 --> 00:36:59,920 ♪ (SUSPENSEFUL MUSIC FADES) ♪ 874 00:37:00,000 --> 00:37:02,320 OTTO: All of the companies parading around here 875 00:37:02,400 --> 00:37:06,880 are only really interested in their bottom-line exposure 876 00:37:06,960 --> 00:37:08,520 as the world heats up. 877 00:37:08,600 --> 00:37:10,640 It's people really just convincing themselves 878 00:37:10,680 --> 00:37:12,160 that what's good for their bottom line 879 00:37:12,240 --> 00:37:13,800 is also good for the human condition. 880 00:37:13,880 --> 00:37:15,160 (PETRA CHUCKLES) 881 00:37:15,240 --> 00:37:17,920 I'm not saying BlackRock doesn't wanna effect change 882 00:37:17,960 --> 00:37:19,520 when it uses its proxy votes 883 00:37:19,600 --> 00:37:22,120 to push whatever political agenda it has. 884 00:37:22,200 --> 00:37:23,640 But in the cold light of day, 885 00:37:23,720 --> 00:37:26,920 I'd wager its investors don't give fuck about activism. 886 00:37:26,960 --> 00:37:27,960 Or they're deluded enough to think 887 00:37:28,000 --> 00:37:29,680 it's going to earn them an actual return. 888 00:37:30,440 --> 00:37:31,400 Very well put. 889 00:37:31,440 --> 00:37:33,600 I mean, I'm not a climate denier. 890 00:37:33,640 --> 00:37:35,520 I found that whole crowd rather Neanderthal. 891 00:37:35,600 --> 00:37:37,320 But if Venice ends up 892 00:37:37,400 --> 00:37:40,040 on the seabed in 2075, who cares? 893 00:37:40,120 --> 00:37:41,720 It's a shithole in summer. 894 00:37:41,800 --> 00:37:44,080 And I don't intend to be around to see it sink. 895 00:37:45,560 --> 00:37:48,400 Right, let's get down to brass tacks. 896 00:37:49,880 --> 00:37:52,040 We'd like to see your returns, Petra. 897 00:37:52,120 --> 00:37:54,440 Well, uh, that's not technically possible 898 00:37:54,520 --> 00:37:55,720 - right now, but... - HARPER: It is. 899 00:37:55,760 --> 00:37:56,840 They are on your email. 900 00:37:57,840 --> 00:37:59,840 Peter, maybe Petra could take you 901 00:37:59,920 --> 00:38:02,880 through her last five years. See if her numbers 902 00:38:02,960 --> 00:38:04,800 and strategies live up to the billing. 903 00:38:04,880 --> 00:38:06,520 Petra, show him. 904 00:38:06,960 --> 00:38:07,920 Show him. 905 00:38:09,680 --> 00:38:10,680 Right. 906 00:38:12,240 --> 00:38:13,240 OTTO: Good. 907 00:38:26,320 --> 00:38:27,920 - After we spoke last night... - (GLASSES CLINK) 908 00:38:27,960 --> 00:38:29,320 ...I called a mutual friend of ours, 909 00:38:29,400 --> 00:38:32,600 currently residing in FCC Butner, North Carolina. 910 00:38:33,920 --> 00:38:34,880 How is Jesse? 911 00:38:36,240 --> 00:38:37,960 He's working on his putting. 912 00:38:38,000 --> 00:38:39,200 Butner is at the cushier end 913 00:38:39,280 --> 00:38:41,680 of federal correctional facilities. 914 00:38:41,760 --> 00:38:45,600 Minor charges. God, he's like Al Capone. He's lucky. 915 00:38:47,200 --> 00:38:50,800 - What did he say about me? - OTTO: Oh, it's as I inferred. 916 00:38:52,120 --> 00:38:56,400 "War of all against all." You're a troublemaker. 917 00:38:59,640 --> 00:39:01,120 Peter was a troublemaker also. 918 00:39:03,160 --> 00:39:05,000 You're one of us. (SIGHS) 919 00:39:06,640 --> 00:39:08,960 - You're one of the bandits. - ♪ (PENSIVE MUSIC PLAYING) ♪ 920 00:39:09,400 --> 00:39:10,400 (SIGHS) 921 00:39:12,800 --> 00:39:14,400 - Santé. - Cheers. 922 00:39:15,960 --> 00:39:18,840 ♪ (PENSIVE MUSIC CONTINUES) ♪ 923 00:39:51,520 --> 00:39:53,720 ♪ (PENSIVE MUSIC FADES) ♪ 924 00:39:54,160 --> 00:39:55,200 I, um... 925 00:39:56,200 --> 00:39:58,400 I'm sorry the panel got a bit testy. 926 00:39:59,360 --> 00:40:01,160 You have no idea how in-your-bones 927 00:40:01,240 --> 00:40:03,520 exhausting it is pretending nothing's wrong. 928 00:40:05,840 --> 00:40:07,920 Lumi stock's down another 20 percent 929 00:40:07,960 --> 00:40:09,320 after Pierpoint's note. 930 00:40:10,640 --> 00:40:13,840 Still many millions of dollars if you sell your shares now. 931 00:40:14,800 --> 00:40:16,360 Before it goes to zero. 932 00:40:20,360 --> 00:40:21,360 Come on. 933 00:40:23,240 --> 00:40:25,640 Why else would the lock-up period be so short? 934 00:40:28,680 --> 00:40:30,120 Do you really think you see me? 935 00:40:32,440 --> 00:40:33,520 Is that your skill? 936 00:40:34,960 --> 00:40:36,880 You know... 937 00:40:36,920 --> 00:40:40,040 I didn't buy into the image the media portrayed of you. 938 00:40:41,320 --> 00:40:43,520 I'd ask you to extend me the same courtesy. 939 00:40:46,080 --> 00:40:48,040 Petra's trading book is only 20 percent 940 00:40:48,120 --> 00:40:49,120 of FutureDawn, 941 00:40:49,200 --> 00:40:51,120 but it makes up over 50 percent of the fund's 942 00:40:51,200 --> 00:40:53,080 final performance over the last five years. 943 00:40:53,160 --> 00:40:54,280 OTTO: Hmm. 944 00:40:54,360 --> 00:40:57,640 ♪ (TENSE MUSIC PLAYING) ♪ 945 00:40:57,720 --> 00:41:02,720 Yes, I like the idea of a punt on a sharp-elbowed start-up. 946 00:41:02,800 --> 00:41:05,520 Give you some rope, small seed investment. 947 00:41:06,240 --> 00:41:07,360 Godfather you. 948 00:41:08,480 --> 00:41:13,160 I can market you as a story. The moment I anoint you 949 00:41:13,240 --> 00:41:15,800 opens the doors to other people's money. 950 00:41:15,880 --> 00:41:18,040 Two women who flew into a climate conference 951 00:41:18,120 --> 00:41:19,440 and left with a sin stock fund. 952 00:41:20,440 --> 00:41:21,960 God, there's a lot of contradictions, though. 953 00:41:22,000 --> 00:41:23,400 - PETRA: Mm-hmm. - Right, I love it. 954 00:41:25,280 --> 00:41:27,880 Look at you both. What a picture. 955 00:41:27,960 --> 00:41:31,720 You've, uh, such a progressive look. 956 00:41:31,800 --> 00:41:36,280 - New look, same great taste. - (LAUGHS) 957 00:41:36,840 --> 00:41:37,880 Gold. Come on. 958 00:41:37,960 --> 00:41:40,160 - ♪ (UPLIFTING MUSIC PLAYING) ♪ - (DOOR OPENING) 959 00:41:41,880 --> 00:41:45,280 - (DOOR SHUTTING) - (BOTH LAUGH) 960 00:41:46,920 --> 00:41:47,880 (PETRA SIGHS) 961 00:41:54,440 --> 00:41:55,440 HENRY: My dad... 962 00:41:56,640 --> 00:41:57,600 Reggie. 963 00:41:59,720 --> 00:42:00,680 One weekend... 964 00:42:01,880 --> 00:42:03,600 he stood up from the Sunday lunch table... 965 00:42:04,840 --> 00:42:05,920 without a word. 966 00:42:08,080 --> 00:42:09,520 They found him two days later. 967 00:42:10,920 --> 00:42:14,160 He'd walked out onto the moor and blown his head off. 968 00:42:19,360 --> 00:42:21,360 I didn't believe he could have done that to himself. 969 00:42:24,640 --> 00:42:27,680 When I started having similar thoughts 970 00:42:27,760 --> 00:42:29,600 in my last year of school, they called it... 971 00:42:30,800 --> 00:42:32,240 suicidal ideation. 972 00:42:34,400 --> 00:42:36,800 I'd finally made peace 973 00:42:36,840 --> 00:42:39,120 with the fact he'd ended his own life. 974 00:42:40,640 --> 00:42:43,800 The only way I could get rid of those thoughts... 975 00:42:45,680 --> 00:42:47,640 was by building something of my own. 976 00:42:49,200 --> 00:42:50,520 And I would do anything... 977 00:42:53,120 --> 00:42:54,080 anything... 978 00:42:55,760 --> 00:42:58,480 to avoid feeling that kind of helplessness again. 979 00:43:02,120 --> 00:43:03,120 I'm so sorry. 980 00:43:04,920 --> 00:43:06,920 This is the worst I've felt since he died. 981 00:43:13,680 --> 00:43:14,600 I hope... 982 00:43:16,400 --> 00:43:18,520 you find peace faster than I did. 983 00:43:20,960 --> 00:43:21,920 It's, uh... 984 00:43:23,680 --> 00:43:25,880 It's very selfish of me arranging for you to come. 985 00:43:27,920 --> 00:43:29,960 But I figured we might get a minute alone 986 00:43:30,040 --> 00:43:31,120 like this and... 987 00:43:34,640 --> 00:43:37,280 Fuck it. Anything would be worth that. 988 00:43:42,120 --> 00:43:44,800 Okay. Big come on. 989 00:43:48,560 --> 00:43:50,600 What do you actually want me to do with that? 990 00:43:51,120 --> 00:43:52,080 Hmm? 991 00:44:00,080 --> 00:44:01,120 I, um... 992 00:44:02,640 --> 00:44:04,520 I haven't had sex in five months. 993 00:44:10,280 --> 00:44:12,880 - And you're still alive? - ♪ (UPBEAT MUSIC PLAYING) ♪ 994 00:44:39,160 --> 00:44:41,640 ♪ (UPBEAT MUSIC CONCLUDES) ♪ 995 00:44:42,880 --> 00:44:44,600 - HENRY: Celeste, hi. - CELESTE PAQUET: Hi, Henry. 996 00:44:44,640 --> 00:44:47,720 That, uh, panel feels like the end of the road, I'm afraid. 997 00:44:47,800 --> 00:44:48,760 The market killed us. 998 00:44:50,000 --> 00:44:53,800 I'd like to, uh, unwind my personal stake 999 00:44:53,840 --> 00:44:57,240 in the company and crystallize the profit now. 1000 00:44:58,520 --> 00:45:00,320 No, no, I... I know. Yeah. 1001 00:45:00,400 --> 00:45:03,600 If, uh, my market order's worked from the open, 1002 00:45:04,520 --> 00:45:05,840 how much will I get out? 1003 00:45:12,080 --> 00:45:13,040 Woof. 1004 00:45:15,520 --> 00:45:18,720 Okay, um, can you email me 1005 00:45:18,800 --> 00:45:20,440 once that transfer is in my account? 1006 00:45:33,920 --> 00:45:35,480 ♪ (SOFT MUSIC PLAYING) ♪ 1007 00:45:36,600 --> 00:45:37,640 Most companies fail. 1008 00:45:40,600 --> 00:45:42,480 Most companies fail. 1009 00:45:45,360 --> 00:45:46,760 Most companies... 1010 00:45:48,080 --> 00:45:49,080 fail. 1011 00:45:52,040 --> 00:45:53,440 (INDISTINCT CHATTER) 1012 00:45:53,520 --> 00:45:55,520 WILHELMINA: Hi, Eric, it's Wilhelmina. 1013 00:45:55,600 --> 00:45:58,040 Olaf just called. Europa Gaz wanna push the IPO, 1014 00:45:58,120 --> 00:45:59,800 citing macro conditions. 1015 00:45:59,840 --> 00:46:03,080 So, it's a soft firing. 1016 00:46:03,160 --> 00:46:06,080 I can't believe that we're so fucking siloed 1017 00:46:06,160 --> 00:46:07,880 that Frank was allowed to go rogue 1018 00:46:07,960 --> 00:46:10,720 - and publish like that. - WILHELMINA: It's not good. 1019 00:46:10,760 --> 00:46:13,120 - We need to be more joined up. - Is this a bellwether? 1020 00:46:13,160 --> 00:46:15,520 Are the other IPOs in the pipeline secure? 1021 00:46:15,560 --> 00:46:17,360 Or are they gonna get cold feet? 1022 00:46:17,400 --> 00:46:19,360 WILHELMINA: (SIGHS) Look, I don't wanna wall-cross you. 1023 00:46:19,400 --> 00:46:21,600 This is more of an executive conversation. 1024 00:46:22,120 --> 00:46:23,440 Above your level. 1025 00:46:23,520 --> 00:46:27,400 What happened at the panel was out of my control. 1026 00:46:27,480 --> 00:46:29,720 Bill wouldn't have handled it any better. 1027 00:46:31,280 --> 00:46:32,640 - God damn it. - (BOTTLES CLINKING) 1028 00:46:32,680 --> 00:46:35,080 ♪ (LIVELY MUSIC PLAYING) ♪ 1029 00:46:37,160 --> 00:46:39,120 Can you lose Rumpelstiltskin here? 1030 00:46:39,720 --> 00:46:41,360 Look at this old fuck. 1031 00:46:41,440 --> 00:46:45,320 - Baby, he can hear you. - Hmm. You think? 1032 00:46:46,600 --> 00:46:48,920 Heard he got cucked by some little girl on stage. 1033 00:46:49,520 --> 00:46:51,800 (CHUCKLES) 1034 00:46:57,640 --> 00:47:00,920 I'm really sorry about him. He's being a fucking asshole. 1035 00:47:02,760 --> 00:47:03,680 I'm Suzie. 1036 00:47:09,720 --> 00:47:10,800 Robert. 1037 00:47:10,880 --> 00:47:12,880 - (CHUCKLES) - (SUZIE HUPPERT CHUCKLES) 1038 00:47:12,920 --> 00:47:14,520 Uh, Robert Spearing. 1039 00:47:15,160 --> 00:47:16,280 Nice to meet you. 1040 00:47:30,400 --> 00:47:32,200 Why did you publish during the panel? 1041 00:47:32,240 --> 00:47:33,800 Because there was an avalanche 1042 00:47:33,880 --> 00:47:36,280 of competitors publishing and I didn't want to be last. 1043 00:47:37,680 --> 00:47:39,720 You were very bullish 1044 00:47:39,800 --> 00:47:41,640 when the bank were fishing for Lumi investors. 1045 00:47:41,680 --> 00:47:45,280 And the macro environment and the outlook changed. 1046 00:47:45,320 --> 00:47:48,840 And I didn't, by the way, publish a sell. 1047 00:47:48,920 --> 00:47:50,960 But what would it have looked like if I published a buy 1048 00:47:51,040 --> 00:47:53,200 after Pierpoint got called out like that at the panel? 1049 00:47:53,280 --> 00:47:57,680 You do know that a hold is effectively a sell signal 1050 00:47:57,760 --> 00:47:59,760 to the market, given that you work for us? 1051 00:47:59,800 --> 00:48:01,560 Not where compliance is concerned. 1052 00:48:02,880 --> 00:48:06,600 Look, I may work for an institution, 1053 00:48:06,680 --> 00:48:10,000 but I'm not institutionalized. 1054 00:48:11,760 --> 00:48:13,480 Well, the least you could do is buy me a drink. 1055 00:48:15,040 --> 00:48:17,080 - (CHUCKLES) - (CHUCKLES) 1056 00:48:20,600 --> 00:48:22,520 (KNOCKING ON DOOR) 1057 00:48:25,400 --> 00:48:27,440 (KNOCKING ON DOOR GROWS LOUDER) 1058 00:48:29,760 --> 00:48:31,400 Yeah? 1059 00:48:31,480 --> 00:48:34,040 YASMIN: Eric, it's Yas. We have a meeting. 1060 00:48:34,880 --> 00:48:36,200 What the fuck? 1061 00:48:38,160 --> 00:48:39,640 Fuck me. 1062 00:48:40,560 --> 00:48:43,320 - (KNOCKING ON DOOR) - ERIC: Coming! 1063 00:48:46,520 --> 00:48:48,640 - YASMIN: Hi. - Hi. 1064 00:48:48,720 --> 00:48:50,440 I emailed you. I've set up an introductory meeting 1065 00:48:50,480 --> 00:48:51,720 with a new fund. 1066 00:48:51,800 --> 00:48:53,640 Okay. I'll... I'll be right down. 1067 00:48:56,960 --> 00:48:58,160 Okay. 1068 00:48:59,960 --> 00:49:00,960 ERIC: Hey. 1069 00:49:02,520 --> 00:49:03,480 Hey. 1070 00:49:05,160 --> 00:49:06,960 Robert, you're a lot of fun. 1071 00:49:07,000 --> 00:49:09,200 Can you get your things together? 1072 00:49:09,280 --> 00:49:11,920 Uh, 2,000, right? 1073 00:49:12,000 --> 00:49:15,120 Uh, no, it was 10,000 for overnight, 1074 00:49:15,200 --> 00:49:19,240 and then an extra 1,000 'cause you wanted to kiss me, 1075 00:49:19,320 --> 00:49:22,080 and then an extra 8,000 'cause, you know... 1076 00:49:23,280 --> 00:49:25,600 Anal. (BREATHES DEEPLY) 1077 00:49:25,680 --> 00:49:27,200 Uh, we can just call it 20 grand. 1078 00:49:29,320 --> 00:49:30,720 How was it? 1079 00:49:30,800 --> 00:49:34,680 I... Do I fuck like a young man? 1080 00:49:34,760 --> 00:49:37,160 You fuck like a young man... 1081 00:49:38,560 --> 00:49:40,320 who has a lot of money. 1082 00:49:40,400 --> 00:49:41,480 (CHUCKLES) 1083 00:49:43,320 --> 00:49:45,600 I can give you my Coinbase details. 1084 00:49:48,040 --> 00:49:51,640 Do you mind staying here? And I'll... I'll be right back 1085 00:49:51,720 --> 00:49:53,440 - and I'll pay you! - Okay, wait, what? 1086 00:49:53,520 --> 00:49:54,760 No. What the fuck, dude? 1087 00:49:54,840 --> 00:49:56,440 (INDISTINCT CHATTER) 1088 00:49:59,680 --> 00:50:02,080 - Where did you sleep? - Uh... 1089 00:50:03,160 --> 00:50:06,120 The room seemed pretty loud, 1090 00:50:06,160 --> 00:50:09,120 - so I absented myself. - Thanks. Sorry. I... 1091 00:50:10,240 --> 00:50:13,720 wasn't really thinking. This is between us, right? 1092 00:50:15,160 --> 00:50:18,680 Oh, hey! Thank you for a fantastic evening. 1093 00:50:18,760 --> 00:50:20,760 Robert Spearing, everyone! 1094 00:50:31,000 --> 00:50:31,960 Eric? 1095 00:50:33,080 --> 00:50:34,120 Our nine o'clock? 1096 00:50:36,000 --> 00:50:37,720 ♪ (TENSE MUSIC PLAYING) ♪ 1097 00:50:37,760 --> 00:50:41,840 - Wha... what is this about? - I'm just doing my job, okay? 1098 00:50:55,480 --> 00:50:57,360 We want Pierpoint to be our broker. 1099 00:50:58,920 --> 00:51:02,000 We have an assets under management threshold 1100 00:51:02,080 --> 00:51:03,320 for clients we take on. 1101 00:51:03,400 --> 00:51:05,680 Uh-huh. And what is that threshold? 1102 00:51:05,720 --> 00:51:08,280 Three hundred million dollars, give or take. 1103 00:51:08,360 --> 00:51:10,520 Otto Mostyn's anchor investment in our fund 1104 00:51:10,600 --> 00:51:12,120 is two hundred million dollars 1105 00:51:12,160 --> 00:51:15,080 and his commitment has opened the door to more investment. 1106 00:51:16,160 --> 00:51:17,480 ♪ (DRAMATIC MUSIC STING) ♪ 1107 00:51:18,760 --> 00:51:21,840 Look, this is in all of our interests, right? 1108 00:51:23,000 --> 00:51:25,280 We give you a commission, you service us. 1109 00:51:27,840 --> 00:51:28,800 Please have a seat. 1110 00:51:29,400 --> 00:51:31,760 ♪ (MUSIC INTENSIFIES) ♪ 1111 00:51:37,480 --> 00:51:40,240 HARPER: Look, we're doing you a favor. 1112 00:51:40,280 --> 00:51:44,520 You're landing the buzziest fund out of this investment summit. 1113 00:51:44,600 --> 00:51:49,960 And what will your bosses think if we went to GS, MS, 1114 00:51:50,040 --> 00:51:52,000 and Pierpoint was our first breakfast of the day? 1115 00:51:54,520 --> 00:51:57,320 Do you know who you're dealing with here? 1116 00:51:58,640 --> 00:52:00,680 PETRA: It's a bit rude to talk about her 1117 00:52:00,760 --> 00:52:02,080 like that in front of her. 1118 00:52:03,080 --> 00:52:04,240 What do you want? 1119 00:52:04,280 --> 00:52:06,640 PETRA: The practical things a fund expects from its broker. 1120 00:52:06,720 --> 00:52:08,640 Trading color, fair spreads, 1121 00:52:08,680 --> 00:52:10,280 timely research, corporate access. 1122 00:52:10,320 --> 00:52:12,680 Well, obviously, Pierpoint is first class 1123 00:52:12,720 --> 00:52:13,880 in all of those areas. 1124 00:52:13,960 --> 00:52:16,920 And my existing relationship with Harper 1125 00:52:17,000 --> 00:52:19,120 means that I can offer you a bespoke service. 1126 00:52:19,200 --> 00:52:20,320 - Hmm. - HARPER: And I expect you 1127 00:52:20,360 --> 00:52:23,480 to answer the phone every time I dial. 1128 00:52:24,960 --> 00:52:26,040 First-class service. 1129 00:52:26,840 --> 00:52:28,360 And eye contact. 1130 00:52:31,040 --> 00:52:32,000 Eric. 1131 00:52:34,320 --> 00:52:35,280 Look at me. 1132 00:52:37,160 --> 00:52:40,280 ♪ (TENSE MUSIC CONTINUES) ♪ 1133 00:52:40,360 --> 00:52:41,640 Your face is shimmering. 1134 00:52:44,680 --> 00:52:46,600 You have glitter all over your face. 1135 00:52:49,800 --> 00:52:50,880 (CHUCKLES) 1136 00:52:52,360 --> 00:52:56,720 (LAUGHS) 1137 00:52:57,120 --> 00:52:58,160 (CHUCKLES) 1138 00:53:02,120 --> 00:53:03,680 HARPER: Just had a prelim call with Otto's office 1139 00:53:03,760 --> 00:53:05,800 and their accounts are gonna send through e-ma... 1140 00:53:05,840 --> 00:53:08,400 ♪ ("GYMNOPEDIE NO. 1" PLAYING ON PIANO) ♪ 1141 00:53:08,440 --> 00:53:09,840 (INDISTINCT CHATTER) 1142 00:53:13,880 --> 00:53:15,640 You know what partnership means, right? 1143 00:53:15,680 --> 00:53:18,320 Yes. No unilateral decisions. 1144 00:53:20,040 --> 00:53:22,960 You don't need to feel insecure about not being a people person. 1145 00:53:23,880 --> 00:53:25,120 You just hadn't found your people yet. 1146 00:53:25,200 --> 00:53:26,920 - (CHUCKLES) - (SNICKERS) 1147 00:53:26,960 --> 00:53:29,920 So, what are we gonna call this new venture? 1148 00:53:30,000 --> 00:53:33,960 Um, I kind of like Leviathan. 1149 00:53:34,040 --> 00:53:36,000 ♪ (UPLIFTING MUSIC PLAYING) ♪ 1150 00:53:36,040 --> 00:53:37,040 Hmm. 1151 00:53:38,320 --> 00:53:39,360 Merci. 1152 00:53:46,160 --> 00:53:47,120 I'm starting to think 1153 00:53:47,200 --> 00:53:48,640 that things would have worked out 1154 00:53:48,720 --> 00:53:50,320 exactly the same without us. 1155 00:53:54,080 --> 00:53:55,880 I can't believe there wasn't any snow. 1156 00:54:05,960 --> 00:54:09,520 ♪ (INSTRUMENTAL VERSION OF "MUSIC TO WATCH GIRLS BY" BY ANDY WILLIAMS PLAYING) ♪ 1157 00:54:23,600 --> 00:54:25,000 (MOANS) 1158 00:54:27,840 --> 00:54:28,840 (MOANING) 1159 00:54:35,000 --> 00:54:36,160 (HENRY MOANING) 1160 00:54:44,080 --> 00:54:46,960 ♪ (SONG CONTINUES PLAYING) ♪ 1161 00:55:43,520 --> 00:55:45,320 ♪ (SONG CONCLUDES) ♪