I, V, M. And well enough plugging. I don't think it's working any well. I mean people are always, yes, I've seen the light.
I don't think I will do out of respect. It's about simply void, simply void, simply void. That's what basically religious... Call start, yeah.
We're putting it out there. We'll pay $1000 to anyone who gets a simplified tattoo. So... Yeah, let's get on with things.
Profundity of the day. I like this profundity thing, but it's like the prayer that you do before classes in school. A small little ritual to put you in the mood, if you will. So you're saying our profundity is like foreplay?
I guess so. But anyway, in the last few weeks, we have had plenty of opportunities for profundity. Independence Day, Olympics, Daksha Bandhan, Gantati Vissarajan coming up. But I'm going to skip all of these and go to the treasure trove that is good morning messages from families of...
I just live from... Yeah, yeah, yeah. So here's one which grays the family WhatsApp group. Having lips and not using them to smile, them with capital T.
It's like having a million dollars in the bank and forgetting the account number. Good morning with, of course, three smileies. Not anybody think of this. Brilliant.
I just love this. I had once recently when I went to go, I found an auto with this brilliant thing written behind. Life without wife is like 50 without fucks. It's like totally so profundity.
Yeah, my mind just couldn't get enough of it. She rolled and presently sat off again, fell down again, laughing. Okay. Let's move on to part two of the Olympics.
Yeah. So listen, as you will recall, of course, a couple of weeks back, we did part one of the Olympics where we looked at the ancient games that old gentlemen called Zias because of which we have the games today. And the games were basically going on pretty swimmingly before those Romans put their nose into the Greek scheme of things. And I think nothing like we said last time.
Like how basically the Romans did two of the Olympic games, what Indian parents do to children's dreams. And in the early years, all those nonsense go for back from an accoching classes. So that was the ancient games and how they segued into what we now call the modern games. So we also set off the first games under the IOC happened in 1896.
The next one was held in 1900 in Paris. And of course, there's a piece of trivia there that any Indian quiz I've got, they sort of know. 1900 was the only Olympics in which cricket was played. And that could be England and France.
Of all countries. That match, if I'm not mistaken, is no official first-class recognition, one in the first-class. England won it, of course. And only four countries applied out of each Benjamin needle and dropped it.
I think they fell off a sleep bill. So that's quite farcical as neither side was actually nationally selected. The British team was actually a mix of two touring clubs. So like, random tourists got in head hearts and Olympics team.
And the majority of the French men were actually English experts. Seriously. It's like that Kenyan winning gold for home-state Bahrain. I'm kidding.
Yeah, yeah, yeah. Okay, so just look at the French team. I'm reading out the team over here. Timothi Jordan, A.J.
Nudhir, which I suppose is possibly French, Robert Hahn, Henry Terry, which is as English a name as you can get nothing. The only way that could have been more English if we had a lord before it and the third after it. Then there's a rock, there's a William Anderson, Douglas Robinson, William, Atril, W. Browning, Arthur, Mack, Evoy, which has a slight Scottish tinge to it.
So a little bit of variety there. Philip Tomlin and Jay Brad, I mean, and extras after that. Which, which I'll quickly get done now. Very good future on the Olympics either.
I hear it's going to be 2024 Rome at the earliest. And even that is Lee. Yeah, yeah, yeah. That's a topic for other podcasts, maybe a shortie.
But here's something very cruel from London. London 2012, cricket was actually shown in the opening ceremony. Any way, moving on from 1900. Yeah, I mean, we can spend so much time on every episode.
Every game is going to take away. So 1900 was also notable for being the first modern games where women participated. So in 1900 and 1904, the games were actually, actually there were sideshows for world fairs that are happening in Paris and St. Louis in the US.
So imagine that the world's biggest sporting spectacle was just a side spectacle for people who had come to see plants and fashion and fancy toasters. Unthinkable, St. Louis in particular, 580 out of 650 athletes were from the United States. So the IOC at this point of life said enough of this nonsense and actually set up the first games outside the four years cycle.
And then there were proper games back in Budo Reliable Greece because if you need something done right, you go back to Greece. So that happened in 1906. And it's been in four year blocks ever since from 1906, so the next game was in 1910 and stuff like that. And anyway, the games did have a huge rise in popularity since then.
So how does the country participate in the Olympics? So the IOC requires that, requires countries to have a NOC, which is not a no-no. Not that one. It's a national Olympics committee, but I guess what you're saying actually.
They're a little liberal. This way, saying that even colonies and dependencies can participate. It's the topic for another simplified episode. What is the country?
And actually we're not going to cover this fantastic CCP great video on YouTube. Everyone to watch that, that will give you a good idea of what's the country and there's actually no fixed answer to that. Some people say 190, others say 200, because some countries refuse to recognize other countries as actual countries. So even places like Puerto Rico, Hong Kong and Bermuda.
So currently there are 206 NOCs, national Olympic countries. And there are 193 UN countries, 9 dependent territories, and these territories are dependent on the United States, Britain, Netherlands and China. China, Hong Kong, right? This year, it was a separate country and I used country within courts here, which I was listening to.
Which is refugees. So 10 athletes from Middle Eastern North Africa, which are basically Syrians and Sudanese and other people taking refuge in other countries. They're marching under the Olympic flag and if they happen to win anything, which I think somebody wants to bronze. Yeah, it's often a brave of them in the circumstances.
And if they win the anthem, this is the Olympic anthem, official Olympic anthem. I already know the head of the Olympic anthem. So it's one of the things that we'll talk about. And this whole Olympic team is actually just symbolism by the IOC, because given all the refugee crisis stuff that's been happening over the last few years.
Yeah, so on the Olympic anthem, I guess we should talk about that a little. It's a coral cantana, which is apparently a vocal composition with an instrumental accompaniment by an opera composer called Samaras, which is no doubt Greek, with lyrics by another Greek poet. Both the poet and the composer were the choice of another Greek fellow called Demetrius Vikalas, who was the first president of the IOC. It's of course been performed in various languages ever since.
And of course, there's a symbol, right? The Five Continents? Yeah, so the other symbol, the famous Olympic logo of the Five intertwined circles in various calls. So what they're supposed to represent is representing the Five Continents, Africa, Asia, America, Europe and Australia.
The symbol was originally designed in 1912 by good old Pierre de Cuba, which every Indian quiser. And born as Kubartan. Kubartan, okay. Was this feedback given by a simplified listener?
Yeah, my son born. He was shocked. Is he proud of the fact that? Yeah, he was going to stop there, dropped there.
Father's name is not known. Who knows what you are. It's the DNA that's been named. So anyway, so Baron Pierre de Cuba, or Kubartan, the co-founder of the modern Olympic Games, also he was a guy who designed these rings.
According to the colors of the ring, together with the white of the background, included the colors composing every competing nation's flag at the time. Which I think is fascinating. It's a fascinating idea in minimalism, I suppose. There are a few other symbols, and we will look at them a little bit after this break.
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Caution, you want to rewatch everything after listening to us. Come join us on Cine5. And we are back on Simplified, we're talking about symbols. Symbol, symbolified, symbol, symbolified.
Yeah, you see what I try to do there. Now there's a very happy mood today. I can't stop smiling. I was just telling you how one customer of mine who already yelled at me said something very politely for a change.
My spirits are floating. It's sad that cause of happiness is actually people behaving civilly. Non-abusively. Non-abusively.
The standard has been, it's like some sort of Pavlovian training that we have been given by the universe. It's like the one day when you get into an Andiri train and it's actually empty because some random bank holiday or something. It's like I'm running to the train and I jumped in. I got the windows and turned out to be on the door.
What a bummer. It happens. Okay, so we were talking about symbols. So apart from the famous ring symbols, there are other symbols.
It's the Olympic torch. Which is interesting actually. So what it commemorates or symbolizes is not it. It's the theft of fire from Zius by Prometheus.
Okay. From Greece. So what happens is it's lit at Greece, at Olympia and is taken around the world all the way to the venue where it's happening. By various people.
So it's passed on like. In theory at least without allowing the original frame to die out. But yeah, but the truth of the matter is it does die out. So how it happens is it uses the parabolic reflectors.
Something I'm sure you are very interested in. Yeah, yeah, yeah. Do you make parabolic reflectors for the IOC? I should be.
Yeah, yeah, yeah. That'd be awesome. So using a parabolic reflector, this flame is lit in Olympia. Olympia, of course, being the sacred ground in Greece because of which Olympics gets the name.
And it's taken around the world. It's carried by athletes, leaders and sometimes even common people. And there was some interesting relay. So it's passed on from 1% to there.
It's not like one media, Gary said and goes around all around the world. That'd be incredible. All that note, please look forward to the Iron Man episode that we have coming in a few weeks. There are people who would be willing to do that.
So they say, no, I can run a marathon on one hand tight behind me. There's one hand carrying an Olympic torch. Okay. So there was some interesting relay.
So in Sydney 2000, they had an underwater relay where the flame was protected and all that. 2014 for the Sochi Winter Olympics, they actually took the Olympic flame all the way to space and the North Pole. And the most interesting one in Montreal, I forget, is a 1980 sometime where there was an electronic transfer of the Olympic... We got a photograph and then he emailed it there and left it.
Not a Neftor. I am P.S. or something. Not exactly.
So this is what the official report said. She then presents the Olympic flame to the sensor which detects the ionized particles, converting them into coated impulses that are transmitted by satellite to Otawa where they activate a laser beam which instantly recreates the Olympic flame in its original shape. So why is the statement that it could recreate the flame in its original shape is laughably false? The statement is hyper-ball really.
The flame touched the sensor in Athens causing a computer to shoot a laser. That's basically what happened. So how did the IOC think that it was legitimate? You'd think otherwise.
So many traditions are being preserved and you'd think that something as nefarious as this would be like... I can actually add a scene on opera called Carmen, which one. It's a very nice first one. The hero pulls the lady lead singing.
All events that I'm going to my village to see whatever analysis he gives her a kiss to give it to his mother. So I'll give it to his mother. I'll give it to her mother. So something like that actually did happen.
So the torch extinguishing in the last few years is fairly common. So there are backups. People probably carry zappos. But they have a bunch of people with like running behind with combustible material to make sure that the flame can be ignited.
Why can't they use those strict candles? No, they would be a lot of... That's fantastic. They would never...
They don't know. You puff it out on the end. That's a super ideal. You sort of paint this and then you sell it.
So when you work on the parabolic reflector and I will work on the candles. Sorry, the flame. When we take over the... When he simplifies takes over the Olympics.
Well, the best is when they put out the... When they have to douse the flame and end of the ceremony. So there will be a separate Olympic event called blowing for that. Sorry, enough nonsense.
So yeah, yeah. People have to stick to this. So there are the other big symbols of the Olympics are medals. Gold-plated.
Gold-plated of course. You can see it doesn't have that much money. Silver and bronze, which is a cosinaloid. But one thing I want to say, so many people call these medals.
Even in the advertising fraternity, when you win, so the same prices are given at many award functions. Gold-silver and bronze. And many people are so many medals to this country. How many medals to this agency?
So I've always been a flam about these things because, hey, I'm a chemical engineer apparently. So it's only gold and silver that are actually medals. Bronze is an alloy. Yes.
One of the few times you feel proud of me. Yeah, four years of engineering led up to this. Yeah, actually there's about 97% of the knowledge that we have. Just come out in that.
We know that bronze is an alloy. Orbit, but I need some more. Why do you want to be an engineer? So I can make a sad joke on a podcast 20 years later.
Excellent career choices. So here's another thing. Do you know that there are things called Olympic diplomas. Oh, wow.
People who go from fourth to sixth, they get these diplomas and from 1980, even seventh and eighth. So basically you have these three medals and from fourth all the way to eighth, they get Olympic diplomas. Which I guess is nice. What does that give you?
Nothing. It's just symbolic. But nobody talks about it. There are several other symbols including the salute and mascot and the excitement which I'm not going to get into right now.
One question that does occur to me is, how does the country get to host the games? This is an excellent topic, especially since there's been a lot of controversy as well around that. So before, wait, controversy, I'm thinking FIFA actually. We should do that sometime.
We should do that sometime. We'll have a next workout. 2020. Catar, I don't know.
That's the one. That's the next one. No, that's what they forget. OK, we'll figure it out.
Sorry, folks. We are speaking about how we can get something. Yeah, also a few years ago, just on the strength of being a popular destination. Especially for Winter Games.
Obviously, you can't take something like Bombay and say that we can host the Winter Games. That will be awesome. Except like... Does it Phoenix and Kula have an ice thing or something?
So you can have all the games over there. So, but today of course the process is a lot more rigorous and literally anyone can put their hat into the ring, any country can. And you see then checks many things. One is the country big enough.
So that rules out Bahrain and is there good enough security? Is the transport good enough? So that rules out Bangalore, sorry about that. And its city needs to convince its residents that they will have to raise taxes in order to pay for the infrastructure which will of course lead to better infrastructure and jobs.
So which rules out any city in India directly? Yeah, like you can imagine the protests that happen because the price of potatoes have been increased by 10% now. Imagine saying how you're going to get a bunch of guys in like Chaddis and Bikini to run around and we will increase our taxes by 10% for this. I don't think that will go on.
How do you understand? Yeah, so what is? So it's a big enough security transport and of course highly positive media exposure. The country needs to have highly positive media exposure.
So I'm sorry. I don't think Syria and Libya are going to be in the running. I've wanted to refer a brief. So if all these conditions are satisfied it becomes what is then called a candidate city.
And then the IOC will judge and then I guess a little pan- You know, very highly untransparent. Obviously, and then come out with a city which they are not. It's an expensive process too, right? Oh, why don't you know?
So $150,000 just for applying. Wow. Yeah, and the reason for this is to... There's almost more than I am thing, right?
Yeah. I think to buy an I am. Especially the new ones that are coming up there. Yeah, Sri Lanka.
Yeah, so I think I am like in every corner now. It's like that chain in Bombay social, no? Like popping up everywhere. Like where do you need to?
It's between I am linking road and car social. Anyway, so it's meant to deter those people who obviously don't have the money. If you don't have $150,000 for an application, you'll be like good luck building a bridge or something. Yeah.
Then of course, there are so to add to the expense, there are large construction projects. Like they need to mandate or have an Olympic village where all the athletes and the officials, et cetera, will be residing. Yeah. Officials obviously in business class where the athletes will live in.
Well, I think that's only for India. Oh, okay. Yeah. But then there are benefits that are crew, at least on paper, there are better infrastructure which is there for life.
Like you build a stadium obviously, there's for life. The buildings can be used for rehab, whatever, after that. There's a law or tourism that comes. The jobs are of course a positive image.
Like generally, if a country hosts the Olympics, suddenly everybody gets interested about the country and perseals in a good light. And what about the negatives? There must be some negatives, right? Yeah.
So there's actually a lot of debate on the whole thing, like about the positive image. One of the things I heard was that almost no one makes money on the Olympics. Yeah. This is actually true.
I never read this in many, many places. But so let's start at the beginning. So economists have actually said that it's actually very little benefit. They say while it boosts exports and increases philanthropic contributions by companies that are headquartered over there.
And of course, that will taper away. But it's still good with a lot of negatives. Lots of housing evictions, for example, will happen. So for example, Sochi, which was the most expensive Olympics ever.
I know we're talking the Winter Olympics, but we are typically... Yeah, it was really extravagant. I remember this was the output in Asia. Yeah, yeah, yeah.
And put in, it's a good word. He put in 50 billion dollars. 50 billion. And he's a tragedy of it.
That's a lot of money. That's a lot of money. And he's a tragedy. Today, Sochi is a ghost town.
Early, anyone lives there or whatever. It's become like a deserted yard. Yeah. Furthermore, at least four cities withdrew their bids for the 2022 Winter Olympics because of high costs or lack of local support.
So hence, there's now a two city race between Beijing and China, which I don't know. It's snowed there, actually. It does. It does.
I mean, I've not been there, but I have no say you went there. And they went from some... I don't know, Bali or something. And they were all in T-shirts and shorts.
And they were like... They were screwed, they had to run to the nearest store. And China, no one knew where the... You couldn't communicate.
You were fine already. And the other problem with China, like, I said, people tell you, it's very hard to find everything of your size. Yeah, absolutely. Yeah, because they're excel...
Okay, let's not be in the races. Yeah. Okay. So there are two cities like I said, what is Beijing and China?
You'll never believe which the other city is. Take a guess. Take a very wild guess. No, no, no.
It's almighty in Kazakhstan. Wow. Yeah. It's the real Kazakhstan.
Borat. Kazakhstan. The biggest country in the world. All the other countries are one by two girls.
Hello, Dan. You actually played it for Kazakhstan. Yeah, but actually, I think it's a little unfair of little girls. I know a lot of little girls who go to actually run country better.
Like, if Donald Trump becomes a president of the United States. I know a lot of little girls who can actually do a good job. All that nut job who's running CDR right now. Oh, yeah.
He's evil. Yeah. Okay. So in July, okay.
So two series, et cetera, et cetera. In the Guardian, in fact, said that the biggest threat to the future of Olympics is that very few cities actually want to host them in the first place. One of the reasons actually is a lot of urbanization has happened over the city of the weekend. But there's no space to host.
No, no one should why they can't have it somewhere in the middle of the desert. Something like that. Really greenfield place. Yeah.
Very little to the district. Costello. Anyway, so Wikipedia has a very nice table of the host city since 1896, the operating budget and profit and loss wherever possible. The host city.
Yeah. Yeah. To the host city. So I'll leave that link in the show notes.
But just a few interesting things. So in Athens in 1898, which is the first game to be recognized by the IOC, cost 3.7 million drakma, which is the equivalent of 12,000 United States dollars. Yeah. A few years later, in fact, just a decade later in London in 1908, the cost was 394,000 pounds and they made a minor profit of 6,000 pounds.
And just to show you how cost escalated after that, in Basarana 92, the cost became 9 billion in London in 2012, which is 14.6. And the operating budget for Sochi was 51 billion alone. So very few have actually made a profit. Basarana made a profit of 146 million.
That's pretty much about it, like, 140 million on investment or whatever. And that too with the Chinese Communist Party really don't know right. Yeah. So here's another quote actually I found online.
Boston was also in the running for the Olympics in 2024. So they said if Boston hosted the only for Olympics and there's no doubt that the city is going to be overrun with its post tourists. But Boston is already overrun with tourists in the summer. So why do we need even more?
Yeah. And that actually sums up the argument against having Olympics in the summer. Yeah. Okay.
Another little break. Another little break. Stay tuned. You know that feeling when you finish a movie and you just need to talk about it, that desperate need to discuss why Kalhuna Ho hits different.
Enter IBM's brand new podcast, Cine5. It's streaming and current just yapping over Hindi cinema every Friday. romcom's director will debut with career-defining moments, whatever they're vibing with, they're breaking it down. Join the podcast on IBM Pub's YouTube or any audio streaming platform.
Caution, you'll want to rewatch everything after listening to us. Come join us on Cine5. It feels like everyone's talking about two things right now. Picklebone and podcast.
So what happens when someone who's lived her whole life on the court decides to bring those two girls together? I'm Sanya Mirza and I'm bringing you a brand new podcast, Serving It Up with Sanya. I've had some incredible conversations with friends, fellow athletes, artists and entrepreneurs. Each episode starts with a game of pickleball and once the rallies are done, the real talk begins.
Serving it up with Sanya, watch and listen on YouTube and wherever you get your favorite podcast. And we're back and we have a few Olympics facts over here which I last night. And of course, I'm Chris, I'm a master and champion student. He in fact won the first edition of the Bonewita quiz contest.
I once appeared on a thing called Bini Double Oak Quits. What? Bini Double Oak Quits. That was the name of a quiz show which was hosted by legendary Faruk Shek.
The name of that actually sounds like that. I was like, I was like, I was old or something like that. You remember any of the questions? Yeah, I remember the one I go from.
The one I go from is on which, which is on the banks of the Brahma Putra. Basically, kick me out. It's not going to be an analysis guy to kick you out anyway. So do the Olympics make money?
Not in. Like we just said, right? Obviously not. Yeah, mostly not.
Mostly not. Some of them have. What is the most profitable Olympics ever? Yeah, I know this.
The Atlanta. No, I'm sorry. No, other side of the globe actually. Oh, no.
What's really? A little up. Much more up actually. I'll put you on the other side.
Oh, it's actually. 1988 sold Olympics. $300 million profit. Biggest money losing Olympics ever.
Okay. And a clue for this is which country of late has been losing money like nobody's business? They can be the only one. Italy.
Very close. Yes. Of course it's Greece. 2004, Athens.
$7 billion. Wow. Yeah. Greece.
Like there really no other. Yeah. Professional money losers. Yeah.
Average cost of the Olympics. Take a guess. $10 billion. 3.8 actually.
I guess we have to factor in all the old Olympic, which is sort of like, drop it. Okay. Keep the average down. This is awesome.
Average Olympic money. This is a $600 million loss. So you're signing up for it knowing that. You're signing up for it.
Yeah. Half a billion dollars down the drain anyway. So projected cost of the 2016 is the Olympics. $12 billion.
Obviously that must have been updated by now. But oh well. Let's see which Olympics costs more. Summer or winter?
Winter I think. Yeah. Yeah. What are the sources of Olympic money?
What could it be? The sponsors. Yeah. The sponsors actually won the smallest.
Yeah. Tickets won't be much. Television rights perhaps. Yep.
Television rights is actually the biggest actually. So here's a breakdown broadcasting 32% host country tax money. 28%. Oh wow.
Yeah. Ticket sales 21% money from other world countries. 13%. So and licensing is 6%.
So that's all your sponsorship and all that is just it's just 6%. It's just it's crazy. So so many articles have concluded that it's a very bad idea. But people go ahead and do it anyways much like having a very expensive.
Hosting sort of you know very profligate relatives in the house of we. Yeah. Yeah. Yeah.
Once we had a bunch of relatives who basically invited all their friends and a party in the house. To sum this up if you do a Google search for Olympics sponsors the top two results are one from the IOC itself on the Olympics website. Which says Olympics sponsors the Olympic partners program the Olympic Games have one of the most effective international market from the world. Every thing billions of people to a context and the very next result is the Forbes article that is Olympic's advertising wasting their sponsorship dollars.
I think it's quite nicely summed up that way all companies of course can sign up for different levels of sponsorship ranging from the world wide Olympic partners to something like official supplier. Each comes with different terms dictating you know how Olympics related logos names and stuff like that can be used and the biggest of these the Olympic partners and things like that can cause well over $200 million. Wow. Yeah.
A lot of money actually. So this is also led to some interesting so the IOC is very very protective of its sponsors especially this year where when we were working in an agency we got a lot of warnings saying that if you are a brand that is not an Olympic sponsor you can't even use the world Olympics gold mentioned you can't even wish good luck to the Indian contingent. Why? It was that strict.
How about who decides these things? IOC apparently. But it's not binding on me. It's not binding on me right.
I'm not party to that. So you're not because you're an individual but companies and brands. Even a company. I mean why who made it binding on an Indian company or I don't know selling whatever you know soaps in my large ways.
So it must be it must be some you know when India sort of pledges to participate in the Olympics they probably make it binding on their because yeah. And also it's not a very new thing actually even the IP is is also like that so for example no other bank because yes bank is the official sponsor. No other bank is allowed to even mention the IP. So we've been through this whole thing.
So you trade on the side of caution because you get in the middle. Chances I mean you what at one point you think what are the chances but anything it's okay I think she can do without our brands a good wishes to eat. So it's okay. So Adidas was Nike was one famous case.
So Adidas was the official sponsor and Nike did some so this is actually genius. So I think I forget which athlete this was. I'm the fastest runners at the time he wore gold Nike shoes. Okay.
Adidas is the official sponsor and he ran like the when I forget who this was I think Michael Johnson or something I forget who the athlete was. And he won and those golden shoes became a symbol. In fact he appeared the cover of time with the shoes hanging over his shoulders and Nike got so much leverage out of that. That dude like dude like seriously what they I mean.
So they clamped down. Yeah they would you feel cheated right. Yeah. It's all Pepsi did that.
No they said nothing. I think the official owner. So initially the NOCs initially the IOC was very resistant to advertising. They said no no no.
Not just amateurs but the sports should not be besmirched by commercialized. Yeah but then there is always always going to happen. So in 1970s they opened up. So there was this IOC president called Brandage.
I have very brand-age. Yeah. So he was very resistant to advertising. So when he retired the IOC had two million dollars in assets.
Eight years later it had forty five million dollars in assets. So let's just say that things worked out reasonably well. The 1984 Summer Olympics became a watershed moment in Olympics history. The LA organizing committee led by a chap called Ubroth.
They were able to generate two twenty five million dollars surplus unprecedented amount at that time. And they did so because they did sponsorship in a big way for the first time there. So if you so I have a lovely chart over here which shows Olympic broadcasting money made from 1984 all the way to Rio and. Almost exponential.
Yeah so that's like what you call a hockey stick curve. So that's literally what's happening over there. So and lastly if you were to ask who actually makes money out of the Olympics because it seems everybody is losing money. So the athletes of course make money.
They don't get paid by I mean they're not paid to. Apparently they don't. I have something to add to that. I'll tell you later.
Okay but of course they get all their money from the institutions back home. Like I know all the US athletes that were there that won they had a fixed amount that was given to them. India of course over reacts and two people in between and suddenly they're showered with BMWs and gold and money and whatever by everybody who wants a piece of the action. Security firms make a lot of money.
So right before and because of good time to invest in security firms stocks of course there are construction companies. McDonald's. How a good old friend McDonald's again. The epitome of healthy eating who is the sponsor of 5.5.5.
They even have a 15,000 seater. Capacity seat of temporary in London. Promoting the healthy food. Of course IOC makes a lot of money.
Host country with a very very huge asterisk that says condition supply. The size of that asterisk is probably bigger than the text itself. That's a huge condition supply. The people who make money are the Olympics.
But I guess the Olympics are not about the monies. I just wanted to add here. I recently did an article in the New Yorker and the Trump administration. So which talks about athletes who make such a pittance after having devoted virtually entire life to it.
And they get to all of the Olympic officials get a per DM of something like $500 a day. And athletes get zilch. And athletes would at best after the Olympics hope. I'm talking about American athletes here.
Other countries even worse. Get a job as a coach or something in a university and be at the bottom of the city. Yeah. I've also heard of a podcast that many of these Olympic athletes start training from the age of 8, 9, 10.
And after their entire age of 32, 33, whatever, they have no idea what to do in life. Because they have no other skills in life actually. I keep telling you to have you on. So please forgive me.
Listen to this before also. My students are swim. They are very small. They swim.
And they swim beautifully. So we enter the water. They swim like fish. So we are very proud of them.
And then, you know, our coach said here they swim great. Let's enter them into the school competition. So we started entry. And to our horror, they would end up last.
And these boys were swimming two hours every day, six days a week. And they were just like, and then they got a little better. So sometimes very rarely they would get into a middle. But it would now be a goal.
It would be a bronze or something. So I just asked one of the other parents. Some of them told me that kids swim six hours a day. Wow.
At age eight and 10. It was ridiculous. I told my eventually agreed that. Dude, you know, you can do it.
And for those kids, extra-curricular activities actually starting for IIT. Yeah. I think on that, yeah, on that various note. This is hardly a various note.
Yeah. Have a great week. See you again next week. And yeah, hope to be back with something more interesting.
Yeah, yeah, yeah. And if you like this episode, please subscribe to us on your podcasting app and tell the world about us because a lot of more people need to know. Yeah, as you mentioned earlier, the saving man. Yeah, yeah.
Get a simplified tattoo and Naren will cook you dinner. Yeah. Bye-bye.