be a real adult
DESCRIPTION
A Kings College London Alumni Event. Baffled by mortgage jargon? Confused about pensions? Want to invest? A discussion of all the things that set us apart from our childhood! Good humoured, brutally truthful and truly educational! Proactive Paul provides insights into how the world of finance really works. It says copyright protected in the footnotes on Slide Share, but the dialogue is in the public domain so go ahead and use it if you like!TRANSCRIPT
![Page 1: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/1.jpg)
1
Be a Real Adult!
A whistle stop tour of
the world of Finance
7 Jun 2014
![Page 2: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/2.jpg)
2
Socialism
You have two cows.
![Page 3: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/3.jpg)
3
Socialism
You have two cows.
You give one to your neighbour.
![Page 4: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/4.jpg)
4
Communism
You have two cows.
![Page 5: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/5.jpg)
5
Communism
You have two cows.
The government takes them both and gives you the milk.
![Page 6: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/6.jpg)
6
Fascism
You have two cows.
![Page 7: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/7.jpg)
7
Fascism
You have two cows.
The government takes them both and sells you the milk.
![Page 8: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/8.jpg)
8
Capitalism
You have two cows.
![Page 9: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/9.jpg)
9
Capitalism
You have two cows.
You sell one and buy a bull.
You retire happily on the
earnings from your farm.
![Page 10: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/10.jpg)
10
Venture Capitalism
You have two cows . . . .
![Page 11: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/11.jpg)
11
Venture Capitalism
You have two cows. You sell all three cows to a Cayman Islands company. Using a letter of credit obtained from your brother-in-law at the bank, you buy back all four
cows with an option on a fifth.
The company Balance Sheet shows that you have six cows.
![Page 12: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/12.jpg)
12
The American Corporation
You have two cows . . . .
![Page 13: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/13.jpg)
13
The American Corporation
You have two cows. You sell one. You make the other one produce the milk of four cows. You then
pay a management consultant to tell you why your cow has died!
![Page 14: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/14.jpg)
14
The French Corporation
You have two cows . . . .
![Page 15: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/15.jpg)
15
The French Corporation
You have two cows. You go on strike. You blockade the roads.
You set things on fire . . . because you want three cows.
![Page 16: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/16.jpg)
16
The Italian Corporation
You have two cows.
![Page 17: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/17.jpg)
17
The Italian Corporation
You have two cows.
You have no idea where they are. So you decide to go & have lunch.
![Page 18: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/18.jpg)
18
The Swiss Corporation
You have . . . .
![Page 19: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/19.jpg)
19
The Swiss Corporation
You have five thousand cows.
None of them belong to you.
You charge the owners for
storing them!
![Page 20: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/20.jpg)
20
The British Corporation
You have two cows.
![Page 21: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/21.jpg)
21
The British Corporation
You have two cows.
They are both mad!
![Page 22: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/22.jpg)
22
The Iraqi Corporation
You have . . . .
![Page 23: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/23.jpg)
23
The Iraqi Corporation
You have no cows. Everybody thinks you have two cows. So they
drop bombs on you and invade.
You still have no cows, but you are now a democracy!
![Page 24: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/24.jpg)
24
The Greek Corporation
You have two cows . . . .
![Page 25: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/25.jpg)
25
The Greek Corporation
You have two cows which you borrowed from a French bank and
a German bank. You eat the cows. When the banks come to
collect the milk you turn to the IMF for help. You borrow two more
cows. You eat the two new cows! When the IMF comes for the milk
you go and get a haircut.
![Page 26: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/26.jpg)
26
Be a Real Adult!
Who can you trust?
![Page 27: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/27.jpg)
27
![Page 28: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/28.jpg)
28
Be a Real Adult!
Who can you trust?
None of the above!
![Page 29: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/29.jpg)
29
I am not authorised to give
Investment advice.
![Page 30: Be a Real Adult](https://reader033.vdocuments.net/reader033/viewer/2022060111/5563ba6dd8b42ac70d8b5359/html5/thumbnails/30.jpg)
30
www.slideshare.net/proactivepaul