Speaker 1: Welcome to game Plan, a show about our lives at work.
Speaker 1: I'm Francesco Leavie, editor of the game Plan section at
Speaker 1: Bloomberg dot com, and I'm Rebecca Greenfield, a reporter at Bloomberg,
Speaker 1: where I cover workplace culture. This week, we're talking about money,
Speaker 1: how we make it, and what we do with it. Later,
Speaker 1: we'll talk to Sally Crotcheck, co founder of la vest,
Speaker 1: a service that helps women invest their money. But first,
Speaker 1: let's talk about our salaries. How much do you make? Becca,
Speaker 1: I don't want to talk about that, whyever or not?
Speaker 1: Because I don't know. We live in a society, man. Yeah, people,
Speaker 1: people including myself, and I'm guilty of this. We don't
Speaker 1: like talking about our salaries. It's like talking about politics
Speaker 1: and religion. It's like if you bring it up with
Speaker 1: somebody you don't know that, well, it's pretty likely that
Speaker 1: somebody is going to get offended. And I just want
Speaker 1: to avoid the uncomfortable situation. But that's just me to
Speaker 1: see what some other people think. I decided to ask
Speaker 1: some of our coworkers if they would tell me their salaries.
Speaker 1: Would you tell me your salary? Yeah? Really? Yeah? Why not?
Speaker 1: What is it? It's WHOA, I can't believe you just
Speaker 1: told me that. Would you tell me your salary? No?
Speaker 1: Why not? It just seems taboo and like culturally unacceptable
Speaker 1: to tell people your salary. Would you tell me your salary? Yeah? Okay?
Speaker 1: What is it I make? I think employees should share
Speaker 1: their salaries. I think it's a way for employees like
Speaker 1: banned together and extract more money for their labor. Would
Speaker 1: you tell me your salary? Yes? Okay? What is it?
Speaker 1: Would you tell me your salary? It's not something that
Speaker 1: I discussed often with strangers or even coworkers, but like
Speaker 1: my close network of like friends and family, that would
Speaker 1: be something that I would discuss with them. Probably not,
Speaker 1: I'd be a little hesitant because I've been somewhere where
Speaker 1: employees have shared, and then I've seemed like there was
Speaker 1: like a tension almost. It makes people feel less valued
Speaker 1: if they know someone else doing similar work is making more.
Speaker 1: So I was surprised by how many people told me
Speaker 1: what they make, But there were still some people who were,
Speaker 1: like me, uncomfortable with sharing for what I thought were
Speaker 1: some pretty legitimate reasons. And yet there have been arguments
Speaker 1: right that salary transparency, which is sort of a buzzworthy
Speaker 1: phrase these days, is great. If everybody knew what everybody
Speaker 1: else made, there would be a lot more fairness and
Speaker 1: parity between men and women, right and when you I think,
Speaker 1: especially with negotiating, which is something that's particularly hard for
Speaker 1: women to do already, not having any information just makes
Speaker 1: it a hard conversation. Even if you are making the
Speaker 1: exact right amount of money, or more than your coworker,
Speaker 1: you you might not assume that. And then, of course,
Speaker 1: on the darkest end of this, if you're actually being
Speaker 1: discriminated against for a variety of reasons and not being
Speaker 1: paid just because you are a woman or minority, then
Speaker 1: you might not You won't know that unless there is transparency,
Speaker 1: and transparency has has helped people. So there is this
Speaker 1: movement for more transparency which comes in a few different flavors.
Speaker 1: And there are companies now where everybody knows what everyone
Speaker 1: else makes. Right. There's one very high profile example in
Speaker 1: the company is called Buffer. What does Buffer do? They're
Speaker 1: a social media platform? Okay, and at first the most
Speaker 1: extreme example because they post everyone's salary online, so it's
Speaker 1: not just public within the organization, it's public to everybody
Speaker 1: in the outside world. And they post the salaries and
Speaker 1: then they have this calculator where they show kind of
Speaker 1: how the salary where it comes from. So various factors
Speaker 1: go into salaries, such as the cost of living of
Speaker 1: a place, how many years experience someone has, what their
Speaker 1: job title is, and that all makes the salary, and
Speaker 1: that's all completely public. And they started this experiment some
Speaker 1: time ago. Yeah, it's been a few years, you know.
Speaker 1: They did it for fairness in general, and and it
Speaker 1: should close the wage gap. But they did a study
Speaker 1: recently this year that they found that there was still
Speaker 1: a wage gap, right because there were specific factors going
Speaker 1: into each person's salary that was resulting in a gender
Speaker 1: based wage gap. Yeah, things that they couldn't really control.
Speaker 1: For example, they just happened to hire women for job
Speaker 1: types that paid less. So an engineer will make more
Speaker 1: than a community manager UM and women and senior roles
Speaker 1: and community management, but that makes less than a man
Speaker 1: and a senior role in engineering, And knowing where the
Speaker 1: salaries come from doesn't change that, sure, but it would
Speaker 1: be useful to know if you were a woman and
Speaker 1: engineering and you were making less than So that wasn't happening,
Speaker 1: But that kind of discrimination did go away. That's good,
Speaker 1: and it's it's also we're talking about private companies or
Speaker 1: public companies that don't have to post this information online.
Speaker 1: But there's some there's some industries where you actually do
Speaker 1: have full salary transparency. I mean most city and state
Speaker 1: employees have public salaries, and that means that it's the
Speaker 1: public's right to know how much you're elected officials are making,
Speaker 1: or your local you know, city government employees or whatever.
Speaker 1: And then in those cases there is a very narrow
Speaker 1: range of what you would be making. You just hit
Speaker 1: benchmarks and you make a certain amount of money and
Speaker 1: there are caps, and it can't really be an other
Speaker 1: way because everybody knows what you're paid. Yeah, and I've
Speaker 1: talked to some people who work for public universities who
Speaker 1: have had salary transparency their whole career, and they do
Speaker 1: have a really different relationship and outlook on their salary
Speaker 1: being transparent, and I think it's it's a little bit
Speaker 1: they knew what they signed up for. And also, if
Speaker 1: you're going into public service, you're probably not doing it
Speaker 1: for the money. It's not the same kind of cutthroat
Speaker 1: you judge each other based on what you make. Environment
Speaker 1: so it is a little different. Okay, so fixing the
Speaker 1: wage gap is obviously more nuanced and complex than just
Speaker 1: making everybody's salaries known to everybody else. And maybe that's
Speaker 1: the first step, but there's obviously a lot more going on.
Speaker 1: But let's say everybody was getting paid perfectly fair salary,
Speaker 1: what the world? The next question is what do you
Speaker 1: do with that money? And are there actually ways that
Speaker 1: women are handicapping themselves by not investing that money in
Speaker 1: the same way that men do. That's exactly what we
Speaker 1: are here to talk to our guest about. Sally Crawcheck is,
Speaker 1: apart from being the co founder of l Vest, which
Speaker 1: helps women invest their money, is a wealth management expert
Speaker 1: who worked her way up the financial services ladder at
Speaker 1: places like Bank of America and Merrill Lynch, and in
Speaker 1: recent years she's dedicated her career to helping women in business.
Speaker 1: Is that I'm like, you're a feminist for the capital
Speaker 1: f these days. Yes, that's correct. I love that intro.
Speaker 1: Lately your talking points has been the investing gap. The
Speaker 1: we hear a lot about the wealth gap or the
Speaker 1: wage gap between men and women, but you are drawing
Speaker 1: attention to another aspect of difference between men and women
Speaker 1: and how they invest. So so we talk a lot
Speaker 1: about the gender pay gap, and let me say something
Speaker 1: to start off with, closing the gender pay gap is
Speaker 1: a great thing for everybody. If we could close the
Speaker 1: gender pay gap, we could actually research shows closed the
Speaker 1: retirement savings gap by nearly a third, so it's a
Speaker 1: big deal. It puts money into the economy, it helps
Speaker 1: families be better off, it's all good. There's another gender
Speaker 1: gap that we don't talk about at all, which is
Speaker 1: the gender investing gap. Men invest to a greater extent
Speaker 1: than women do, and the gender investing gap can cost
Speaker 1: some women more, in some cases quite a bit more
Speaker 1: over the course of their lives, and the gender pay
Speaker 1: gap does, but we haven't talked about it. Again, for
Speaker 1: your listeners who aren't women, who are saying I don't know,
Speaker 1: why do I care? You care because closing that gap
Speaker 1: will drive capital into the markets um and will also
Speaker 1: help close the retirement savings gap. And it's good for
Speaker 1: all of us to have these gaps closed. So one
Speaker 1: question I have and other people might have, is our
Speaker 1: men and women not investing as much because women don't
Speaker 1: have as much money. That no, that is a reason,
Speaker 1: but it's not the reason. And in fact, what really
Speaker 1: really really bothers me is when the research will come
Speaker 1: out and they'll say, oh, women and retire with two
Speaker 1: thirds of money of men and some personal finance journalists,
Speaker 1: none of whom work at this company. I'm sure. Well,
Speaker 1: then say well, yeah, women should invest more, But that's
Speaker 1: not the real issue. It's the gender pay gap. It's
Speaker 1: sort of like saying, oh, my gosh, I broke my
Speaker 1: arm and I broke my leg, but until I can
Speaker 1: fix my leg, I'm not going to fix my arm. Right, So, yes,
Speaker 1: is some of it that it's they don't have as
Speaker 1: much money, sure, but that's not the whole of the issue.
Speaker 1: And stopping there and saying well, we'll wait till the
Speaker 1: gender pay gap is fixed, is I think very shortsighted.
Speaker 1: So what are and done? Yeah? Okay, so not to
Speaker 1: be dumb about it, but what are the differences in
Speaker 1: the characteristics of or the investing styles of men vers Well,
Speaker 1: it's a great question because there are so many articles
Speaker 1: out there about mistakes people make when they invest, and
Speaker 1: they typically are around overtrading, falling in love with your winners,
Speaker 1: selling your losers too, quickly paying too high fees. But
Speaker 1: da da da da da, And it's sort of sort
Speaker 1: as activity based mistakes. Wait a minute, those are mistakes
Speaker 1: men make. Women make different mistakes. Those mistakes women make
Speaker 1: our first and foremost not investing enough. The other mistake
Speaker 1: women make, and this is gonna sound counterintuitive, is they
Speaker 1: wait until they believe that they are fully financially educated.
Speaker 1: So almost every women we know, I see your head nodding,
Speaker 1: I'm going to invest. In fact, I was in Silicon
Speaker 1: Valley a handful of weeks ago and heard from a
Speaker 1: fellow venture capital partner his girlfriend was going to take
Speaker 1: a couple of weeks off this summer so she could
Speaker 1: learn to invest. Right, it doesn't take that long, but
Speaker 1: there's a view of I need to get smarter. And
Speaker 1: so all these women that we know have stacks of
Speaker 1: books next to the desk and they don't invest, and
Speaker 1: it costs them a fortune. So an example, if you're
Speaker 1: making call it eight dollars a year, you are putting
Speaker 1: of your income in the bank, which is what experts
Speaker 1: recommend us a lot. But let's go with it for
Speaker 1: a second. You're putting in the bank instead of investing,
Speaker 1: and you wait ten years. Right, Oh, I've busy. I
Speaker 1: waited years. I hear it all the time, people waited
Speaker 1: ten twenty years. That costs you an average of a
Speaker 1: hundred dollars a day. That wait, right, a hundred dollars
Speaker 1: a day. And so we underestimate the cost of waiting
Speaker 1: and the cost of not investing substantially. I loved reading
Speaker 1: about the thing about waiting until you're fully educated, or
Speaker 1: waiting until you feel like you are done learning everything
Speaker 1: you need to know before you start doing something, because
Speaker 1: that that seems to be something that can stim me
Speaker 1: women in other areas. They say women as opposed to
Speaker 1: men will only apply to jobs if they have a
Speaker 1: hundred percent of the qualifications, or you know, just tend
Speaker 1: to sort of wait to do things until they feel
Speaker 1: completely confident in their own abilities. And it's almost like
Speaker 1: you're saying a little bit of fool hardiness here, like
Speaker 1: a little bit of jumping in without I wouldn't call
Speaker 1: it full hardiness. But but look, Francesca, did you love
Speaker 1: getting a's at school? Of course you did right back,
Speaker 1: and you loved getting right absolutely, And so we we wait.
Speaker 1: And so here's the example. When I was running Smith
Speaker 1: Barney back in the day of our clients did not
Speaker 1: know what a managed account was, even though it was
Speaker 1: our largest product. Neither gender would ask. When you ask
Speaker 1: the guys, why won't you ask it, essentially was I'm
Speaker 1: a guy, I don't ask for directions. That's what we do.
Speaker 1: And when you ask the women, they'd say, I'm a gal,
Speaker 1: I don't want to bother. That's what we do. The
Speaker 1: difference was the men would buy it and the women wouldn't.
Speaker 1: Now that full so neither knew either NW. So both
Speaker 1: were almost I don't want to say equally, but neither
Speaker 1: were as financially educated as they quote should have been.
Speaker 1: But the gentleman and biding the women wouldn't. And then
Speaker 1: you go, okay, who just made the mistake? Given that,
Speaker 1: and as women sometimes we were like, oh, it's the guys, right,
Speaker 1: because they bought something they didn't know. But the truth is,
Speaker 1: even without having full financial knowledge, they were getting the
Speaker 1: returns over time as a result of it. So because
Speaker 1: they were starting earlier as well, that's right, because they
Speaker 1: were doing it. And so I think the biggest red
Speaker 1: herring out there for women is we we buy into
Speaker 1: the we need more financial education. But then we're so
Speaker 1: busy we never get it and so we don't invest. Now,
Speaker 1: I've built elvest, which is a digital investment platform for women,
Speaker 1: and part of what we do is we try to
Speaker 1: take away the jargon that we women will try to
Speaker 1: understand and just have you make decisions about things that
Speaker 1: you can control. Yeah, So hearing you talk about the
Speaker 1: mistakes that men make and the way women act, I
Speaker 1: completely relate to it. And also hearing about the men
Speaker 1: really stresses me out because I don't want to be
Speaker 1: in that position, probably because I'm a woman. You know.
Speaker 1: In addition to lves, what are some ways that women
Speaker 1: can get into investing in a way that makes them
Speaker 1: feel comfortable? Well, look, do it, um, I would say,
Speaker 1: whether you use elves or not, whatever, but buying diversified,
Speaker 1: low cost investments, you know, in a diversified managed et
Speaker 1: F portfolio, that's the way to go. Go to whatever
Speaker 1: your broker is, whatever your financial advisor, who you're comfortable
Speaker 1: with us, and say, look, just put me an inexpensive,
Speaker 1: highly diversified investments. To my opinion, you have to start there.
Speaker 1: If you want to, then listen to Bloomberg all day
Speaker 1: and figure out you know, the euro is going to
Speaker 1: outperform the end, etcetera, etcetera. You can do that, but
Speaker 1: by not starting with something, you're giving up too much ground.
Speaker 1: The other thing I would say is Wall Street is
Speaker 1: pretty mail, actually, and we should keep that in mind.
Speaker 1: It's pretty mail in that the majority of the employees
Speaker 1: in the financial advisor segment or male, about eighty five
Speaker 1: percent male financial advisors. The terms and the words we
Speaker 1: use are very war and sports. That's one of my
Speaker 1: big pet peeves that I talk about the sports metaphor
Speaker 1: and and and you know, Bloomberg isn't as much as
Speaker 1: some but the sports it looks like sports programming sometimes
Speaker 1: right the rara, this section segment is winning, this is outperforming,
Speaker 1: this is beating, this is we're picking this winner. And
Speaker 1: so there's sort of a very male orientation war and sports.
Speaker 1: On top of that, the symbol of Wall Street is
Speaker 1: as it's above. Didn't know, you're absolutely correct. In fact,
Speaker 1: the business I used to run, Marriledge, it's able. What's
Speaker 1: a ball. It's a phallic symbol. Yes, oh we went there,
Speaker 1: we went there. Okay, that's podcast later, But you know,
Speaker 1: you don't. I haven't talked to many women who have
Speaker 1: said you know that industry just speaks to me just
Speaker 1: it's me. It's me, And so the advice I would
Speaker 1: give his, look, we're not going to change the whole
Speaker 1: industry overnight, but we should recognize there's a male orientation.
Speaker 1: It's talking to them more and sort of fight through that.
Speaker 1: It's true. It sort of reminds me of this sounds
Speaker 1: fairly beside the point, But I just went shopping for
Speaker 1: a car with my partner recently, and in classic car
Speaker 1: dealership style, basically all of the sales people, male or female,
Speaker 1: addressed only him and not me. And I was furious
Speaker 1: about it, of course, But then I realized that the
Speaker 1: questions that he was asking and the things that he
Speaker 1: was talking about, we're not particularly educated. You know. He
Speaker 1: sort of like, I want a leather and taster, and
Speaker 1: I want and I want, you know, like a sun roof.
Speaker 1: And I would have felt embarrassed walking in and saying
Speaker 1: those things because I would have felt like I had
Speaker 1: to do months of research on chassis and whatever to
Speaker 1: sound smart. And he didn't worry about sounding smart because
Speaker 1: he could just be a guy and go in there
Speaker 1: and say whatever he wants. That sort of made me
Speaker 1: realize that like, it isn't about them having a shared language.
Speaker 1: It's it's also about just being free to talk without
Speaker 1: worrying too much about sounding down. But we hear that
Speaker 1: in the financial services industry again and again that even
Speaker 1: when when we used to ask our financial advisors, they'd
Speaker 1: meet with couples and we'd say how much time did
Speaker 1: you spend talking to each of them, they'd think, no,
Speaker 1: one quite fifty fifty because the guy and I we
Speaker 1: talked about the football game. But it's and we would
Speaker 1: tape them and then we'd play it back and it
Speaker 1: would be like and so of no wonder then that
Speaker 1: what we saw was that men would leave their financial
Speaker 1: advisor at a very low rate. I mean, if the
Speaker 1: client didn't die, I'd leave less than two percent of
Speaker 1: the time, I mean very low rate. But in the
Speaker 1: year after his death, the husband's death, the woman would
Speaker 1: leave at a rate of grader than seventy zero because
Speaker 1: she needed to find somebody that spoke to her exactly
Speaker 1: because the research tells you she says that he didn't
Speaker 1: talk to you know, he the financial advisor didn't talk
Speaker 1: to me for twenty years, forty years, played golf with
Speaker 1: my husband, didn't play golf with me, talked about sports,
Speaker 1: didn't talk to me about what I'm interested in, you know,
Speaker 1: whatever that is. Um just you know, just I feel
Speaker 1: I felt dissed. We're doing options trading strategies. I never
Speaker 1: understood it. No one ever took me to lunch and
Speaker 1: explained it, and the financial advisors would typically be sort
Speaker 1: of surprised by this um and then forget it once
Speaker 1: it went from her to the next generation. We used
Speaker 1: to keep the assets less than two percent of the time.
Speaker 1: So starting early, finding people that you can relate to,
Speaker 1: regardless of whether or not they relate to your husband
Speaker 1: if you're a woman. Those are all great tips for women.
Speaker 1: But I have to ask, since starting early is so important,
Speaker 1: many people entering the job force or the workforce are
Speaker 1: starting out with a negative net worth because they have
Speaker 1: student debt and not much else. What is the correct
Speaker 1: amount of money to have before you start investing? And
Speaker 1: it's a great question. And what do you do if
Speaker 1: if you're so broke that paying off your debt is
Speaker 1: the only thing you can think about, Well, you should
Speaker 1: pay off your debt, is the answer. Another question I
Speaker 1: think young people debt have is that they wonder if
Speaker 1: they should put any money in there for a one
Speaker 1: k or just like you said, pay off your debt. Yeah,
Speaker 1: I think I think it looks for oh one k
Speaker 1: is tax deferred savings. So it's fantastic and oh my goodness,
Speaker 1: whoa if you happen to work for an employer who
Speaker 1: does a match, that is called free money. If they're
Speaker 1: given away free money, take free money. And so you're
Speaker 1: gonna wanna look at that and say, Okay, the four
Speaker 1: oh one K if I'm young, should be mostly in
Speaker 1: equities if there's a match. That's you know, the stock
Speaker 1: markets have returned on average over the past many decades
Speaker 1: and and a half percent a year. I'm not projecting
Speaker 1: any means that it will do that again, but jeez,
Speaker 1: if you could put that into equities and have a match,
Speaker 1: you know, one for one match, holl of ason you're
Speaker 1: talking about, you know, if it does as well as
Speaker 1: it did historically, you know, close return any that's not bad, right,
Speaker 1: So that would overcome a student loan that can be
Speaker 1: a lower single digit rate type of cost for you.
Speaker 1: I also wondering if somebody so you paid off your
Speaker 1: student loans and now you're someone like me, a young
Speaker 1: professional who's making money, doesn't I don't have any debt?
Speaker 1: What should I be doing? Very lucky? I really relate
Speaker 1: to so many of the things you said, Like I
Speaker 1: do have money sitting in a savings account? Is that dumb? Right?
Speaker 1: You know, what's some advice that you can get that
Speaker 1: kind of So do you have three months of your
Speaker 1: salary set aside in a savings account in case of
Speaker 1: an emergency? That's the second thing you do. Because stuff happens.
Speaker 1: Stuff happens. I really did not think I was going
Speaker 1: to get fired from my jobs. I mean, I don't
Speaker 1: know my business that I was running was I had
Speaker 1: a plan and it was the only one that was
Speaker 1: growing at the company, and you know, you just sort
Speaker 1: of feel like you're okay, and then they re orged
Speaker 1: me out. Likewise, I don't know. I was married to
Speaker 1: the man I loved, and I really thought he loved
Speaker 1: me too, But he loved my friend more than he
Speaker 1: loved me. So that was awkward. Those things happened to me,
Speaker 1: And actually I would say, I know, I I I've
Speaker 1: been trying to make the argument for so freaking long
Speaker 1: that if, oh if my husband would cheat on me,
Speaker 1: your husband might cheat on you or your girlfriend or
Speaker 1: your partner whoever, and most people like whatever, But you know,
Speaker 1: jay Z cheated on Beyonce, and if jay Z is
Speaker 1: going to cheat on Beyonce, just all better have an
Speaker 1: emergency fund, is all I'm saying. Right, all I'm saying
Speaker 1: has a pretty big emergency fund. Well, I feel like
Speaker 1: that's why we don't feel sorry for because that woman
Speaker 1: was like, hey, JC, I'm going to make it like
Speaker 1: this whole thing about gonna make a lot of money
Speaker 1: off of you. I tried that did work anyway, So okay,
Speaker 1: back to the to the topic. Obviously she's got a
Speaker 1: lot of money. But look, we we all know folks
Speaker 1: who have ended up in relationships they don't want to
Speaker 1: be in because they didn't have the financial with wherewithal
Speaker 1: to leave or jobs. So get that emergency fund because
Speaker 1: stuff happens. Okay, so this is all fantastic advice. Just
Speaker 1: a final but well, let's say, as a final question
Speaker 1: for you, if you had a magic wand and could
Speaker 1: change one thing, if there was one thing you could
Speaker 1: get all young women to do differently with their money,
Speaker 1: what you know would be to invest, right, so it
Speaker 1: would be to go into their boss's office, ask for
Speaker 1: the raise, negotiate for the ays because we're we are
Speaker 1: we're making less than the guys are on average, and
Speaker 1: so on average, we all deserve a raise. And by
Speaker 1: the way, if the boss says no, to have the
Speaker 1: six other things that you will take instead of a
Speaker 1: raise that matter and overseas assignment, working with the hot shots,
Speaker 1: star in management, time and marketing, flexible, whatever those things are.
Speaker 1: To go in there and be confident of your value, assuming,
Speaker 1: by the way, you don't suck at your job. If
Speaker 1: you suck at your job, don't listen anything I just said.
Speaker 1: But assuming you don't suck at your job, walking in
Speaker 1: getting that raise and taking that raise and not spending
Speaker 1: it but investing it, those two things I gotta tell you,
Speaker 1: Francesca aren't just important, their life changing love, their life changing.
Speaker 1: You cheated a little because you said two things instead
Speaker 1: of one of that. We'll give you a pass. Come on.
Speaker 1: It was a compound thing, compounds very very well. But
Speaker 1: here's what I would say. We're already doing of the
Speaker 1: hard work, right, we go to war Ark, we turn
Speaker 1: in our projects on time, we bring in the new client.
Speaker 1: But if we're not getting paid, what the gentlemen are,
Speaker 1: and we're not investing like the gentlemen are. Literally, we're
Speaker 1: at the end of our careers, left with about a
Speaker 1: third the money that we would otherwise have. It's freaking nuts.
Speaker 1: It's nuts. So it's a compound dancer. Well, thank you
Speaker 1: for your answer, and thanks for coming in, Sally. It
Speaker 1: was fantastic to talk to user anytime goes. Thanks. Before
Speaker 1: we go, I'd like to introduce a new segment that
Speaker 1: we are premiering called half big Takes Half fake Takes.
Speaker 1: What is a half big take? A half big take
Speaker 1: is something that you feel A half by take is
Speaker 1: a really good point that you have that is not
Speaker 1: substantive enough to justify a signing or writing an article
Speaker 1: about it, or even a rant, or even a blood post,
Speaker 1: or maybe even a tweet. Less than a tweet. It
Speaker 1: might be a tweet, okay, but it's something that I
Speaker 1: want a platform for. Do you want to go first
Speaker 1: this week? Yes. My half bag take is that my
Speaker 1: favorite temperature, both inside and outside at all times, is
Speaker 1: when you cannot feel the air. Say more so, there's
Speaker 1: this theory, that theory, there's this thing where sixty eight
Speaker 1: degrees is room temperature. And that you have to have
Speaker 1: like a cool breeze blowing on you at all times,
Speaker 1: and that is uncomfortable for me, like a nice cool
Speaker 1: breeze outside. The idea of like cold air rubbing up
Speaker 1: against my body is so uncomfortable. I want to like
Speaker 1: the temperature to be like seventy seven and not humid,
Speaker 1: like you can't feel the air. So you're framing this
Speaker 1: is a temperature thing, but really what you're saying is
Speaker 1: you just don't like being touched by the breeze. Well, yeah,
Speaker 1: because that makes me cold. Well, I don't understand the
Speaker 1: cool breeze. I think the appeal of a cool breeze
Speaker 1: is that it comes after you've been warmer than is comfortable.
Speaker 1: So then that's like in the office the air conditioning
Speaker 1: is blasting. You shouldn't need a cool breeze in the
Speaker 1: office because you should have a steady type. But it's
Speaker 1: basic idea that we're like coming in from the hot
Speaker 1: outside and need the cool breeze. And it does feel
Speaker 1: good for one second maybe, but I will say all
Speaker 1: day I'm very uncomfortable with the feeling of fans on
Speaker 1: my skin. They tickle me. Okay, what's yours? My half
Speaker 1: big take is about shutting down your computer properly. Here's
Speaker 1: the headline, folks, people, stop doing it. Stop shutting down
Speaker 1: your computer properly. First of all, you're supposed to shut
Speaker 1: it down, right, You're not. You're not supposed to just
Speaker 1: like leave it on all the time, which everybody does.
Speaker 1: But your computer will accuse you of not shutting it
Speaker 1: down properly kind of no matter what. And when you do,
Speaker 1: take the time to respect company property and close all
Speaker 1: of the applications you've been using. Something will interrupt shut
Speaker 1: down you know it, well, some program that's running, and
Speaker 1: then you're wasting your own precious time. You could be
Speaker 1: spending leaving work trying to do your company a solid
Speaker 1: by shutting down properly, when there's no evidence that that
Speaker 1: even matters. Show the computer repair person who says, I
Speaker 1: know why this computer has got smoke coming out of
Speaker 1: the back because it wasn't shut down properly. Furthermore, well, here,
Speaker 1: it's not my computer, by a lot of computers. This
Speaker 1: is what I do at the end of every day.
Speaker 1: I press the power button and I hold it down,
Speaker 1: and that computer shuts the heck down. I'm gonna try it, Yeah,
Speaker 1: it feels really good, like you're really sticking into the
Speaker 1: man when you do it. If we all get together
Speaker 1: and just press the off button instead of properly shutting down,
Speaker 1: we can change the world. And this has been half
Speaker 1: big takes, half baked takes. And that's it for another
Speaker 1: episode of game Plan. For more, you can find me
Speaker 1: on Twitter at francesco Today and I'm at rs Greenfield
Speaker 1: and our guest this week, Sally Crawcheck, is at Sally Crawchuck.
Speaker 1: See you next week, Hi, And now it's time for
Speaker 1: half baked takes, Y