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1
00:00:18,400 --> 00:00:19,400
Mina?
2
00:00:22,560 --> 00:00:23,720
(Spanish) Oh, no! Get up!
3
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Ducky, please open the door.
4
00:00:32,760 --> 00:00:34,280
Please don't call me that.
5
00:00:36,960 --> 00:00:38,760
No, get out... of my room!
6
00:00:38,840 --> 00:00:40,920
I need to talk to you.
7
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Hey, I'm sorry.
8
00:00:52,320 --> 00:00:54,440
For the first five years of your life
9
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you were attached to my lap.
10
00:00:58,200 --> 00:00:59,960
And then you'd cry and cry and cry...
11
00:01:00,920 --> 00:01:03,560
whenever anyone tried to separate us.
12
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I have no memory of ever loving you.
13
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(Spanish) Hey, watch your head.
14
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Open more champagne.
15
00:01:28,160 --> 00:01:29,640
The captain's bringing up the anchor.
16
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Checks complete.
17
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The guests are partying below deck.
18
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He is
19
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An Englishman
20
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For he himself has said it
21
00:01:57,680 --> 00:02:03,320
And it's greatly to his credit
22
00:02:03,680 --> 00:02:08,160
He is an Englishman
23
00:02:08,560 --> 00:02:14,400
He is an Englishman
24
00:02:17,440 --> 00:02:20,080
Look at how spectacular this all is.
25
00:02:20,680 --> 00:02:22,400
Let's not spoil it by fighting.
26
00:02:23,480 --> 00:02:24,520
Forgive me.
27
00:02:28,480 --> 00:02:29,480
Please.
28
00:02:46,440 --> 00:02:47,800
You're still hard.
29
00:02:51,480 --> 00:02:52,800
You wanted me to see it.
30
00:02:54,440 --> 00:02:55,600
What are you talking about?
31
00:02:56,320 --> 00:02:59,880
You wanted me to walk in on that.
32
00:02:59,960 --> 00:03:03,040
'Cause you wanted me to see you.
33
00:03:03,360 --> 00:03:05,120
You did it in my room.
34
00:03:05,200 --> 00:03:09,200
You wanted me to see you with her.
35
00:03:09,280 --> 00:03:11,120
Do you think that woman
36
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fucking girl
37
00:03:13,000 --> 00:03:14,240
enjoyed that?
38
00:03:14,320 --> 00:03:17,240
Do you think
she liked doing that with you?
39
00:03:17,520 --> 00:03:19,400
"Happy is the horse
40
00:03:19,760 --> 00:03:21,880
that bears the weight of Anthony..."
41
00:03:22,680 --> 00:03:24,440
Yeah, and how much
did you pay her then?
42
00:03:24,520 --> 00:03:25,680
Oh, I never pay.
43
00:03:26,280 --> 00:03:29,520
Please, your entire fucking life
is a transaction.
44
00:03:29,600 --> 00:03:32,400
Of course, you paid.
No one would fuck you for free.
45
00:03:32,840 --> 00:03:33,920
All right then.
46
00:03:34,440 --> 00:03:37,440
I paid her enough not to care
that when I came in her mouth
47
00:03:37,720 --> 00:03:40,120
I came like a fucking bull!
48
00:03:40,200 --> 00:03:43,840
Do you have any idea
how badly you have failed
49
00:03:43,920 --> 00:03:45,440
as my father?
50
00:03:45,520 --> 00:03:47,520
Does that even make you
fucking think?
51
00:03:47,600 --> 00:03:49,960
It was the fucking '90s!
52
00:03:50,040 --> 00:03:52,320
- You're a fucking worm.
- And you
53
00:03:52,640 --> 00:03:54,760
look at you prancing around
in your little bikinis
54
00:03:54,840 --> 00:03:57,440
with everyone's eyes looking at you
55
00:03:57,520 --> 00:03:59,720
like a fucking whore!
56
00:04:00,280 --> 00:04:01,280
There it is.
57
00:04:03,240 --> 00:04:04,480
There it fucking is.
58
00:04:04,800 --> 00:04:06,720
Every relationship
that I have with a man
59
00:04:06,800 --> 00:04:09,200
is so fucked up because of you.
60
00:04:09,280 --> 00:04:11,000
Because you are an animal.
61
00:04:11,280 --> 00:04:13,880
The way you let your friends
look at me.
62
00:04:15,120 --> 00:04:17,240
The way you look at me.
63
00:04:17,320 --> 00:04:19,240
Because that's all you have, Yasmin.
64
00:04:19,320 --> 00:04:20,360
That's all you are.
65
00:04:20,440 --> 00:04:25,080
And I may be old and lonely
and fucking finished...
66
00:04:25,640 --> 00:04:26,800
But you, you're young
67
00:04:26,880 --> 00:04:28,760
and you've gotta live
the rest of your life
68
00:04:28,840 --> 00:04:32,080
with the single inviolable fact
69
00:04:32,160 --> 00:04:36,200
that you are
spectacularly talentless, Yas!
70
00:04:36,280 --> 00:04:39,560
I speak seven fucking languages!
71
00:04:40,120 --> 00:04:41,120
What?
72
00:04:42,440 --> 00:04:44,920
I wish you would die.
I wish you would die.
73
00:04:45,600 --> 00:04:48,160
It would be the most meaningful thing
you've ever done.
74
00:04:52,600 --> 00:04:55,080
- Well, maybe I will!
- Oh, fucking do it then.
75
00:04:58,880 --> 00:05:02,760
Maybe I fucking well will!
76
00:05:09,240 --> 00:05:10,240
Yas!
77
00:05:10,680 --> 00:05:12,560
Yasmin. Yasmin.
78
00:05:13,200 --> 00:05:15,520
This isn't funny. Tell them to stop.
79
00:05:16,560 --> 00:05:17,960
Fucking done my leg.
80
00:05:18,360 --> 00:05:19,360
My hip.
81
00:05:19,640 --> 00:05:22,040
Fucking help me! Yasmin!
82
00:05:22,320 --> 00:05:24,320
Stop fucking around.
83
00:05:24,760 --> 00:05:25,760
Help me!
84
00:05:28,680 --> 00:05:30,320
Fucking come here...
85
00:05:35,480 --> 00:05:37,120
Dad. Dad...
86
00:05:38,320 --> 00:05:39,320
Dad!
87
00:05:39,600 --> 00:05:41,240
Stop fucking around!
88
00:05:44,960 --> 00:05:45,960
Fuck!
89
00:06:12,880 --> 00:06:15,080
Oh, how long have you been in here?
90
00:06:15,160 --> 00:06:18,120
Bro, the guy
with the bowling ball gut
91
00:06:18,200 --> 00:06:19,800
in the Speedo was like...
92
00:06:20,600 --> 00:06:22,400
feeding me cocaine
93
00:06:22,640 --> 00:06:25,600
and talking to me like
I was one of the LinkedIn bio girls.
94
00:06:25,880 --> 00:06:27,760
I swear to fuck, I don't know
how you lived through this.
95
00:06:27,840 --> 00:06:30,040
Honestly, we need to get to
dry land. It's like...
96
00:06:30,600 --> 00:06:32,240
un-fucking-comfortable.
97
00:06:35,520 --> 00:06:36,520
Yas?
98
00:06:39,600 --> 00:06:40,720
Hey, what's wrong?
99
00:06:46,720 --> 00:06:47,720
I...
100
00:06:49,720 --> 00:06:50,720
He...
101
00:06:52,720 --> 00:06:53,720
He jumped.
102
00:06:54,880 --> 00:06:57,360
- Who? Who jumped?
- We were moving really fast.
103
00:06:57,680 --> 00:06:58,760
Like really fast.
104
00:06:58,840 --> 00:07:00,840
There was just nothing,
there was nothing I could have done.
105
00:07:00,920 --> 00:07:02,840
- Who jumped? Who jumped?
- My dad! My dad!
106
00:07:09,160 --> 00:07:10,960
I left my dad in the water.
107
00:07:13,320 --> 00:07:16,000
Do you mean when we left an hour ago?
108
00:07:19,760 --> 00:07:20,960
You didn't tell the captain?
109
00:07:29,240 --> 00:07:30,680
Do you wanna turn around?
110
00:07:47,280 --> 00:07:48,360
Did anybody see you?
111
00:07:53,520 --> 00:07:55,440
I... I don't think so.
112
00:07:56,360 --> 00:07:58,920
No, it was...
we were upstairs and it was...
113
00:07:59,000 --> 00:08:00,040
it was really loud.
114
00:08:00,640 --> 00:08:01,640
Down...
115
00:08:09,800 --> 00:08:11,000
We're gonna take care of it.
116
00:08:12,840 --> 00:08:13,840
Okay?
117
00:08:16,960 --> 00:08:19,600
Yas, we had a party in your cabin.
118
00:08:19,680 --> 00:08:20,880
Just me and you. Okay?
119
00:08:24,400 --> 00:08:25,680
I'm with you, I'm right here.
120
00:08:26,240 --> 00:08:28,320
It's okay, it's all right.
121
00:08:28,720 --> 00:08:29,880
You get in the shower now.
122
00:08:29,960 --> 00:08:30,960
Okay.
123
00:08:32,000 --> 00:08:33,000
That's all right?
124
00:08:35,840 --> 00:08:37,440
You need to come back
to me now, okay?
125
00:08:37,520 --> 00:08:38,640
Because if you go out there like this
126
00:08:38,720 --> 00:08:40,200
people will start asking questions
127
00:08:40,560 --> 00:08:41,560
okay?
128
00:08:50,200 --> 00:08:51,520
I'm gonna take this off,
is that okay?
129
00:08:51,600 --> 00:08:52,640
Yes?
130
00:08:52,720 --> 00:08:54,280
Okay. Are you with me?
131
00:08:54,360 --> 00:08:56,000
Can you nod if you can hear me, yes?
132
00:08:56,320 --> 00:08:57,320
Yeah?
133
00:09:04,880 --> 00:09:05,960
I wanna see him.
134
00:09:07,680 --> 00:09:09,880
With respect,
he won't be recognizable.
135
00:09:25,040 --> 00:09:26,200
Can you leave me with him?
136
00:09:29,680 --> 00:09:30,680
Thank you.
137
00:10:02,960 --> 00:10:05,240
There were no personal effects.
Apart from his ring.
138
00:10:06,400 --> 00:10:08,280
If you'd like it, we may need to...
139
00:10:08,960 --> 00:10:10,200
brutalize the body.
140
00:10:12,320 --> 00:10:13,400
Why are you whispering?
141
00:10:17,960 --> 00:10:19,280
He can't fucking hear you.
142
00:10:25,560 --> 00:10:26,560
Yeah.
143
00:10:28,320 --> 00:10:29,320
Yeah.
144
00:10:30,880 --> 00:10:31,920
I'll take everything.
145
00:11:01,760 --> 00:11:02,760
James.
146
00:11:03,680 --> 00:11:05,080
Hi, Harper Stern. We...
147
00:11:06,160 --> 00:11:08,520
we met at that Lansons'
Young Asset Managers breakfast.
148
00:11:08,600 --> 00:11:10,720
- Right, yeah, hi.
- Hi...
149
00:11:11,280 --> 00:11:12,600
- Bellinis and bullshit.
- Yeah.
150
00:11:13,000 --> 00:11:14,480
I'm sorry we didn't get
to speak properly.
151
00:11:14,920 --> 00:11:16,320
Had a productive chat with Petra.
152
00:11:16,400 --> 00:11:18,480
- Do you work around here?
- No.
153
00:11:19,040 --> 00:11:21,280
I made the regrettable COVID decision
to move to Bruton
154
00:11:21,760 --> 00:11:23,160
'cause "How To Spend It" told me to.
155
00:11:23,240 --> 00:11:25,800
Imagine if you hadn't scaled back
your Lumi exposure
156
00:11:25,880 --> 00:11:28,480
you would have to sell at least
one of your three pied-à-terres.
157
00:11:28,560 --> 00:11:30,240
I downsized to two when my wife died.
158
00:11:31,320 --> 00:11:32,440
Oh. I'm sorry.
159
00:11:32,880 --> 00:11:34,200
What for? It wasn't your fault.
160
00:11:34,920 --> 00:11:36,240
Unless you drove the bus
that hit her.
161
00:11:39,560 --> 00:11:40,560
That was a joke.
162
00:11:41,360 --> 00:11:43,560
She remains dead, however.
Long illness.
163
00:11:43,800 --> 00:11:46,200
- My condolences.
- Yeah. It hit me for six.
164
00:11:47,640 --> 00:11:49,040
It's how I met Petra, actually.
165
00:11:49,520 --> 00:11:51,080
We met in the lobby of the Priory.
166
00:11:51,280 --> 00:11:53,760
Zopiclone and lorazepam for me.
167
00:11:54,320 --> 00:11:56,600
Sorry, not being very discreet.
168
00:11:56,680 --> 00:11:57,920
What was Petra doing in the rehab?
169
00:11:58,000 --> 00:11:59,520
- Nah...
- Right, nah, it's...
170
00:12:00,160 --> 00:12:02,960
I'm doing due diligence
on a potential trade and wondered...
171
00:12:03,360 --> 00:12:04,440
are you long...
172
00:12:04,640 --> 00:12:07,760
were you long private ESG investments
173
00:12:07,840 --> 00:12:10,600
and other ethical growth stocks,
like, more generally
174
00:12:10,680 --> 00:12:12,560
- or...
- Fuck, no. No. I mean, I had...
175
00:12:13,360 --> 00:12:14,440
UBS Asset Management
176
00:12:14,520 --> 00:12:16,440
trying to unload
all of their holdings of that gear
177
00:12:16,520 --> 00:12:17,600
onto me and anyone else.
178
00:12:17,680 --> 00:12:18,680
I got out completely.
179
00:12:18,760 --> 00:12:20,080
I have a friend
whose PE fund was blown up
180
00:12:20,160 --> 00:12:22,560
by the Europa Gaz flop entirely.
181
00:12:22,840 --> 00:12:23,840
Right.
182
00:12:24,680 --> 00:12:25,680
Right.
183
00:12:26,960 --> 00:12:28,640
Well, it was nice to see you.
I should probably...
184
00:12:28,720 --> 00:12:30,760
Well, you were
very prescient about ESG.
185
00:12:30,840 --> 00:12:33,960
So, if you ever wanna give me the tip
of LeviathanAlpha's next big idea...
186
00:12:34,960 --> 00:12:36,680
I like a very cold martini at Duke's.
187
00:12:38,160 --> 00:12:39,960
Yeah, I would like that.
188
00:12:41,000 --> 00:12:42,000
Right.
189
00:12:42,400 --> 00:12:43,440
It's nice to see you.
190
00:12:48,480 --> 00:12:50,360
I need to talk to you
about the bond market.
191
00:12:51,640 --> 00:12:52,960
This early in the morning?
192
00:12:53,280 --> 00:12:55,560
Think I just felt a twinge
between my legs.
193
00:12:55,640 --> 00:12:57,840
I've heard there's been a lot
of senior-secured issuance
194
00:12:57,920 --> 00:12:59,000
from banks recently.
195
00:12:59,400 --> 00:13:02,560
A lot of banks issued debt
at low yields with light covenants.
196
00:13:02,640 --> 00:13:04,280
And a lot of that debt
is about to reach maturity
197
00:13:04,360 --> 00:13:05,800
and can't be re-financed.
198
00:13:06,720 --> 00:13:07,720
Go on.
199
00:13:07,800 --> 00:13:09,640
I've been speaking
to corporate credit desks
200
00:13:09,720 --> 00:13:11,680
to try and figure out whose debt
they most wanna get rid of.
201
00:13:12,800 --> 00:13:14,640
There might be a time bomb
in the sector.
202
00:13:15,080 --> 00:13:18,080
Okay, you're speaking
in a very passive voice.
203
00:13:18,160 --> 00:13:19,960
"I hear," "There may be."
204
00:13:20,040 --> 00:13:21,400
Where is this coming from?
205
00:13:23,760 --> 00:13:24,760
Where, I mean...
206
00:13:25,160 --> 00:13:26,440
Where does anything come from?
207
00:13:26,520 --> 00:13:28,040
I've done the research
and I have a network.
208
00:13:30,800 --> 00:13:32,120
I don't understand the trade.
209
00:13:36,000 --> 00:13:38,240
James Ashford has also said
that those same banks
210
00:13:38,320 --> 00:13:40,040
are doing their utmost
to rid themselves
211
00:13:40,120 --> 00:13:43,000
of these ESG private growth companies
212
00:13:43,080 --> 00:13:45,920
that everyone was coo-coo bananas for
a few quarters ago.
213
00:13:47,840 --> 00:13:50,280
So you think the banks
are doubly exposed?
214
00:13:51,680 --> 00:13:53,200
Maybe? I mean, how do we know
215
00:13:53,280 --> 00:13:54,680
that they didn't take
a load of debt out
216
00:13:54,760 --> 00:13:56,240
to make a bet
that blew up in their face?
217
00:13:56,520 --> 00:13:57,520
Which banks?
218
00:13:58,800 --> 00:14:00,600
I have not figured that out yet.
219
00:14:00,880 --> 00:14:03,120
Who's the Lehman?
Who's the most fucked?
220
00:14:05,480 --> 00:14:06,480
I don't know yet.
221
00:14:07,520 --> 00:14:08,760
I'm gonna call my contacts
222
00:14:08,840 --> 00:14:10,840
on the corporate credit desks
across the street
223
00:14:11,080 --> 00:14:14,040
see if I can get a fuller picture
on how long they're into this debt.
224
00:14:15,800 --> 00:14:16,800
By the way, I...
225
00:14:17,880 --> 00:14:19,440
just wanted to ask, like...
226
00:14:19,960 --> 00:14:22,000
is everything okay with you?
227
00:14:24,560 --> 00:14:26,680
Harper, there's someone
at the door for you.
228
00:14:26,760 --> 00:14:27,760
Right.
229
00:14:32,960 --> 00:14:34,400
So, you had to identify him?
230
00:14:35,080 --> 00:14:36,080
No.
231
00:14:36,840 --> 00:14:37,840
Why did you go?
232
00:14:38,120 --> 00:14:39,120
I don't know.
233
00:14:39,720 --> 00:14:40,720
I just went.
234
00:14:41,160 --> 00:14:42,160
Well...
235
00:14:43,280 --> 00:14:44,280
you know, maybe...
236
00:14:44,800 --> 00:14:46,360
maybe this has given you
some closure.
237
00:14:47,800 --> 00:14:48,800
No.
238
00:14:49,560 --> 00:14:50,720
This is worse.
239
00:14:52,480 --> 00:14:53,960
I really feel like he's won.
240
00:14:54,360 --> 00:14:56,520
Yas, how could he win? He's dead.
241
00:14:56,600 --> 00:14:58,320
You didn't see him. Trust me.
242
00:14:58,400 --> 00:15:01,040
It's like he's gonna live now
in here, forever.
243
00:15:01,680 --> 00:15:02,680
He won.
244
00:15:03,280 --> 00:15:05,080
Oh, they've really cleaned
Shepherd's Market up.
245
00:15:05,680 --> 00:15:07,320
I just wish people
would stop looking at me.
246
00:15:07,400 --> 00:15:09,440
...used to be Brass City.
People would pop out the office
247
00:15:09,520 --> 00:15:10,720
to grab a Pret sandwich
and a blowjob.
248
00:15:10,800 --> 00:15:12,800
No one is looking at you
and you have won.
249
00:15:13,320 --> 00:15:14,960
You are here, he is not.
250
00:15:15,720 --> 00:15:16,840
You won, okay?
251
00:15:17,240 --> 00:15:18,960
Clean your pipes
pre the afternoon slump.
252
00:15:19,840 --> 00:15:20,840
Excuse me.
253
00:15:22,920 --> 00:15:23,920
Hello.
254
00:15:24,240 --> 00:15:26,480
Okay. I spoke
to the corporate credit guys
255
00:15:26,560 --> 00:15:28,440
at Goldman, Barclays, and Deutsche
256
00:15:28,520 --> 00:15:30,080
and they all offered me
257
00:15:30,160 --> 00:15:32,320
- incredibly generous prices
- Excuse me.
258
00:15:32,400 --> 00:15:33,800
for the pleasure of taking
259
00:15:33,880 --> 00:15:36,160
Pierpoint's debt off their hands.
260
00:15:36,240 --> 00:15:38,400
Okay, so you think Pierpoint
261
00:15:38,480 --> 00:15:40,160
has the biggest refinancing risk?
262
00:15:40,280 --> 00:15:42,680
Yeah, let's call
your useful wallflower Yasmin
263
00:15:42,760 --> 00:15:44,560
on their hedge fund sales desk.
264
00:15:44,640 --> 00:15:47,360
Set up a meet through her
with Pierpoint Asset Management.
265
00:15:47,440 --> 00:15:49,440
See how deep
in these busted ESG names
266
00:15:49,520 --> 00:15:50,600
they actually are.
267
00:15:50,880 --> 00:15:52,360
Can we, like, not do that?
268
00:15:52,920 --> 00:15:54,240
- Why?
- I just feel like
269
00:15:54,320 --> 00:15:56,160
maybe we need
to be a bit more tactful
270
00:15:56,240 --> 00:15:57,840
given my relationship with them
271
00:15:57,920 --> 00:15:59,840
and what they're gonna think
when an anti-ESG fund
272
00:15:59,920 --> 00:16:01,640
is suddenly interested in ESG names.
273
00:16:01,800 --> 00:16:03,400
So, we say we're buying the dip.
274
00:16:03,480 --> 00:16:05,480
It's all "presentation." Pretense.
275
00:16:05,560 --> 00:16:06,920
I thought you were meant
to be good at that.
276
00:16:07,640 --> 00:16:08,640
Okay...
277
00:16:09,000 --> 00:16:10,880
can we just, like, not use her?
278
00:16:13,720 --> 00:16:15,800
She's just, like, going through
some stuff right now.
279
00:16:15,880 --> 00:16:17,560
- I mean...
- Oh, come on!
280
00:16:17,840 --> 00:16:19,520
Friendship and contempt
are just two sides
281
00:16:19,600 --> 00:16:20,680
of the same coin.
282
00:16:21,040 --> 00:16:22,120
I read all about her.
283
00:16:22,200 --> 00:16:24,640
She was on that sordid,
seedy party boat.
284
00:16:24,720 --> 00:16:26,520
Why does she even need
a job in finance?
285
00:16:26,760 --> 00:16:27,840
She's not like us.
286
00:16:27,920 --> 00:16:30,080
Look, what you've potentially
found here
287
00:16:30,440 --> 00:16:31,600
is pretty remarkable.
288
00:16:31,680 --> 00:16:33,240
So, let's go test the thesis.
289
00:16:33,320 --> 00:16:36,040
We take meetings with as many
sales desks as will see us
290
00:16:36,120 --> 00:16:39,000
and we say we're a buyer
of the ESG names down here.
291
00:16:39,320 --> 00:16:41,280
Find out who's got the longest list
of worthless names
292
00:16:41,360 --> 00:16:42,800
but we can't ignore your alma mater.
293
00:16:43,320 --> 00:16:44,400
That would be rude.
294
00:16:44,680 --> 00:16:46,640
Okay. No, I mean, you're right,
of course...
295
00:16:48,480 --> 00:16:50,640
Let me work an angle at Pierpoint
296
00:16:50,720 --> 00:16:52,720
that is not for wallflower.
297
00:16:53,200 --> 00:16:55,800
Why? She's comically shit at her job.
298
00:16:56,640 --> 00:16:57,640
Gotta go.
299
00:16:57,800 --> 00:16:58,800
Okay, bye.
300
00:17:01,320 --> 00:17:02,320
I got this.
301
00:17:03,040 --> 00:17:04,960
- Thank you.
- You know what's really fucked up?
302
00:17:05,960 --> 00:17:09,120
I put on a full face of make-up
just to see his corpse.
303
00:17:09,640 --> 00:17:10,920
You look beautiful.
304
00:17:15,640 --> 00:17:16,640
Thank you.
305
00:17:18,840 --> 00:17:20,040
You don't have to thank me.
306
00:17:23,440 --> 00:17:24,920
Guess I'm going back to the office.
307
00:17:25,120 --> 00:17:26,120
Okay.
308
00:17:31,480 --> 00:17:32,480
What?
309
00:17:32,640 --> 00:17:34,640
Yasmin, this is Alexander.
310
00:17:35,560 --> 00:17:36,720
Alexander Norton.
311
00:17:38,720 --> 00:17:40,200
Oh, sorry...
312
00:17:40,720 --> 00:17:41,920
Hello, Mister...
313
00:17:42,200 --> 00:17:43,200
my lord?
314
00:17:43,440 --> 00:17:44,440
Hi, Sir.
315
00:17:44,680 --> 00:17:47,480
First, my deepest sympathy
for your loss.
316
00:17:48,560 --> 00:17:52,920
I'll always cherish
Trinity Term 1988.
317
00:17:53,720 --> 00:17:56,160
This is a courtesy call.
I hope it polite.
318
00:17:57,200 --> 00:17:59,920
I try and hold off
on publishing hearsay
319
00:18:00,360 --> 00:18:03,440
unless it can be at least
nearly double-sourced.
320
00:18:03,840 --> 00:18:06,080
Our crime editor on the Sunday paper
321
00:18:06,160 --> 00:18:07,960
she's quite recalcitrant.
322
00:18:08,040 --> 00:18:10,160
She's somehow
tracked down a source...
323
00:18:10,680 --> 00:18:12,640
onboard The Lady Yasmin.
324
00:18:13,440 --> 00:18:16,360
A Ms. Galperin-Diaz?
325
00:18:16,960 --> 00:18:19,320
She worked quite closely
with your father
326
00:18:19,400 --> 00:18:20,400
I believe...
327
00:18:20,880 --> 00:18:23,280
and holds a rather
alarming counter-narrative
328
00:18:23,360 --> 00:18:26,160
to the prevailing one
concerning Charles' final hours.
329
00:18:28,560 --> 00:18:30,200
Right, well,
what can we do about that?
330
00:18:31,040 --> 00:18:32,960
Have you spoken much to Henry?
331
00:18:33,600 --> 00:18:35,920
I worry his black dog's returned.
332
00:18:37,440 --> 00:18:38,600
Maybe it's too fatalistic
333
00:18:38,680 --> 00:18:41,320
but I worry about
the cruel inevitability
334
00:18:41,400 --> 00:18:43,040
of him ending up like his father.
335
00:18:43,920 --> 00:18:45,480
What am I supposed to do?
336
00:18:47,160 --> 00:18:48,160
I mean...
337
00:18:49,280 --> 00:18:50,280
I can't...
338
00:18:50,360 --> 00:18:51,400
I can't save him.
339
00:18:51,480 --> 00:18:53,840
And to be honest,
I don't really want to.
340
00:18:54,160 --> 00:18:57,240
I can't spike the story, Yasmin.
341
00:18:59,200 --> 00:19:01,120
Or I shouldn't.
342
00:19:03,520 --> 00:19:04,840
I only have daughters.
343
00:19:05,280 --> 00:19:08,440
And by some damned fine luck,
they only have daughters.
344
00:19:08,800 --> 00:19:11,760
So, I suppose everything I have
will end up with Henry.
345
00:19:12,840 --> 00:19:13,840
I'm sorry.
346
00:19:13,920 --> 00:19:15,160
I don't... I don't follow.
347
00:19:21,080 --> 00:19:22,960
Please try and remember
that with Henry
348
00:19:23,040 --> 00:19:25,520
some of his worst instincts
are not his own.
349
00:19:26,200 --> 00:19:28,520
My deepest condolences for your loss.
350
00:19:35,600 --> 00:19:37,120
My sporran's falling down.
351
00:19:41,280 --> 00:19:42,320
Fucking hell.
352
00:19:47,280 --> 00:19:51,280
Pierpoint stock rallied 10%
into the US close last night
353
00:19:51,360 --> 00:19:53,560
on the new CEO announcement.
354
00:19:53,920 --> 00:19:55,800
Yes, Pierpoint.
355
00:19:57,000 --> 00:19:59,720
The new boss man is Tom Wolsey
356
00:20:00,080 --> 00:20:01,720
ex-Bain Managing partner
357
00:20:01,800 --> 00:20:04,120
and head of their private equity
consulting group.
358
00:20:04,480 --> 00:20:06,080
Eric. Jesus...
359
00:20:06,840 --> 00:20:08,840
You smell like
a Glaswegian night out.
360
00:20:08,920 --> 00:20:09,920
Have you been home?
361
00:20:10,480 --> 00:20:13,520
Anyway, look, I spoke to three
competitor bond traders this morning
362
00:20:13,600 --> 00:20:15,400
trying to move
Pierpoint senior secureds
363
00:20:15,800 --> 00:20:16,880
for peanuts.
364
00:20:16,960 --> 00:20:18,480
This isn't localized to us.
365
00:20:18,560 --> 00:20:19,800
That's the macro environment.
366
00:20:19,880 --> 00:20:21,160
Well, what's all this noise
out of New York
367
00:20:21,240 --> 00:20:22,320
about Chucky the Wop?
368
00:20:23,600 --> 00:20:25,520
They've just tinned their head
of debt syndicate.
369
00:20:26,280 --> 00:20:27,280
You don't know about this?
370
00:20:28,960 --> 00:20:31,240
What is the point of being high up
if you are not connected?
371
00:20:31,320 --> 00:20:34,840
Bonds aren't an attractive
security right now
372
00:20:34,920 --> 00:20:36,560
given these constant rate hikes.
373
00:20:36,640 --> 00:20:37,720
Man, do the maths!
374
00:20:38,160 --> 00:20:39,840
Have you seen this Wolsey's CV?
375
00:20:40,280 --> 00:20:41,680
"Portfolio value creation"
376
00:20:41,760 --> 00:20:43,360
for the Canadian
sovereign wealth fund.
377
00:20:43,880 --> 00:20:45,680
He's a butcher
masquerading as a surgeon.
378
00:20:46,960 --> 00:20:47,960
You're late.
379
00:20:50,840 --> 00:20:53,640
Wolsey's a positive catalyst
for the stock.
380
00:20:54,160 --> 00:20:56,960
Take a look at where it's indicating,
where it closed.
381
00:20:57,520 --> 00:20:59,680
Don't talk to me
like you're investor relations.
382
00:20:59,760 --> 00:21:02,000
It's rallying because the market
has read the appointment
383
00:21:02,080 --> 00:21:04,080
as a green light
for aggressive restructuring.
384
00:21:04,160 --> 00:21:06,120
Pierpoint is a more
valuable company today
385
00:21:06,200 --> 00:21:07,200
than it was yesterday.
386
00:21:07,440 --> 00:21:09,200
Okay, are we gonna stop and analyze
387
00:21:09,280 --> 00:21:11,520
the absolute bilge
that just came out of your mouth?
388
00:21:12,240 --> 00:21:14,240
Come on.
You... you sit down here with us.
389
00:21:14,720 --> 00:21:17,760
Since when did you give a fuck
about maximizing shareholder value?
390
00:21:18,280 --> 00:21:19,800
Rishi, I'm a... I'm a partner.
391
00:21:20,040 --> 00:21:22,640
I don't care that they showered you
in stock options.
392
00:21:23,600 --> 00:21:26,400
Look, you gave me assurances
when we fucked Harper
393
00:21:26,480 --> 00:21:28,680
and built this team
that my comp was guaranteed.
394
00:21:29,120 --> 00:21:30,120
Cash.
395
00:21:31,840 --> 00:21:32,840
Look, I...
396
00:21:33,120 --> 00:21:34,120
I need that money.
397
00:21:36,160 --> 00:21:37,160
I have a family.
398
00:21:37,360 --> 00:21:39,440
You still owe me fifteen large
from the horses.
399
00:21:39,520 --> 00:21:41,160
Yes, and you can wear
a swing like that
400
00:21:41,240 --> 00:21:42,800
whilst I'm making you proper money.
401
00:21:43,720 --> 00:21:45,240
Eric, I have worked for you
long enough
402
00:21:45,680 --> 00:21:47,080
to know when you're not being
straight with me.
403
00:21:48,080 --> 00:21:49,280
Is the company in trouble?
404
00:21:51,400 --> 00:21:52,720
I don't think you know...
405
00:21:54,440 --> 00:21:56,440
as much as you think you do.
406
00:22:05,200 --> 00:22:06,200
Are you gonna make a trade
407
00:22:06,280 --> 00:22:07,680
or you gonna play
with your balls all day?
408
00:22:20,520 --> 00:22:21,680
Yeah, thank you. I'll be there in...
409
00:22:21,760 --> 00:22:22,880
I'll be there in half an hour.
410
00:22:23,520 --> 00:22:24,560
Okay, thank you.
411
00:22:26,440 --> 00:22:27,840
Hey, Anraj.
412
00:22:28,200 --> 00:22:30,920
Can you cover for me?
For like an hour, two, tops.
413
00:22:31,000 --> 00:22:32,000
Thank you so much.
414
00:22:34,520 --> 00:22:36,880
Hey, wherever you're going,
please take me with you.
415
00:22:37,200 --> 00:22:39,520
- Hey, isn't it my turn to buy lunch?
- I...
416
00:22:41,080 --> 00:22:42,280
I've got an interview.
417
00:22:42,840 --> 00:22:45,240
You're taking calls from headhunters?
418
00:22:45,320 --> 00:22:46,320
Between us...
419
00:22:46,680 --> 00:22:48,760
I think you should be
more receptive to their calls too.
420
00:22:51,080 --> 00:22:52,080
See you.
421
00:22:52,680 --> 00:22:55,440
Yo! Anyone got any more color
on Chucky the Wop being binned?
422
00:22:55,680 --> 00:22:57,160
He's dipped his pen in a few interns
423
00:22:57,240 --> 00:22:58,760
so I was wondering
whether his rap sheet
424
00:22:58,840 --> 00:23:00,640
- finally caught up with him.
- Heavy weather?
425
00:23:00,720 --> 00:23:02,280
Or he was fired
for something to do with the wider
426
00:23:02,360 --> 00:23:04,240
- fixed-income division.
- Excuse me?
427
00:23:04,640 --> 00:23:06,680
You look like you're under...
428
00:23:07,320 --> 00:23:08,320
heavy weather.
429
00:23:10,320 --> 00:23:12,480
It's just one of those days
I really don't wanna be...
430
00:23:13,040 --> 00:23:14,040
on the desk.
431
00:23:14,480 --> 00:23:15,480
Ibid.
432
00:23:17,560 --> 00:23:18,880
- Ditto.
- Yeah.
433
00:23:20,760 --> 00:23:21,760
I used to...
434
00:23:22,440 --> 00:23:24,080
have a medicine
435
00:23:24,680 --> 00:23:25,840
for heavy weather days
436
00:23:25,920 --> 00:23:27,240
when I was in your position
437
00:23:27,560 --> 00:23:29,640
when I was an associate.
438
00:23:29,720 --> 00:23:30,800
- Oh, yeah?
- Yeah.
439
00:23:30,880 --> 00:23:32,240
A big blue steak...
440
00:23:33,120 --> 00:23:35,000
and a fistful of blood thinners.
441
00:23:36,320 --> 00:23:37,320
My treat?
442
00:23:40,360 --> 00:23:41,760
Yeah, that...
443
00:23:42,600 --> 00:23:44,840
that actually sounds really nice.
444
00:23:45,400 --> 00:23:46,400
Thank you.
445
00:23:50,800 --> 00:23:51,920
Yasmin speaking.
446
00:23:55,280 --> 00:23:56,320
Yeah, Ramdani.
447
00:23:58,280 --> 00:23:59,360
Yeah, thanks.
448
00:24:00,120 --> 00:24:02,120
Half a rack,
and 60 seconds of my respect.
449
00:24:02,200 --> 00:24:03,280
Currently not.
450
00:24:09,120 --> 00:24:11,280
So, your resume says
that you did rotations
451
00:24:11,360 --> 00:24:13,080
in Risk and Equity Trading
452
00:24:13,160 --> 00:24:15,480
and Fixed Income.
453
00:24:16,000 --> 00:24:18,120
What's your view
on Pierpoint's issuance
454
00:24:18,200 --> 00:24:20,680
of senior secured bonds
over the past twelve quarters?
455
00:24:22,960 --> 00:24:23,960
What do you mean?
456
00:24:24,040 --> 00:24:25,400
Issuing that much debt
457
00:24:25,480 --> 00:24:27,720
does bespeak
a level of confidence, right?
458
00:24:27,800 --> 00:24:29,080
On returns coming down the pike.
459
00:24:29,880 --> 00:24:32,760
If I had a view on that,
it would be speculative.
460
00:24:33,360 --> 00:24:34,440
Speculate freely.
461
00:24:38,360 --> 00:24:40,920
I'm honestly not sure
if I'm eligible to answer that
462
00:24:41,000 --> 00:24:43,360
given my level of seniority or...
463
00:24:44,680 --> 00:24:46,160
where I'm currently sat.
464
00:24:46,960 --> 00:24:47,960
Okay.
465
00:24:48,200 --> 00:24:49,840
Let's talk about
where you're currently sat then.
466
00:24:50,520 --> 00:24:52,200
Equity in green-focused companies
467
00:24:52,280 --> 00:24:54,240
has been Pierpoint's raison d'être.
468
00:24:54,520 --> 00:24:57,240
Would you say
they've been overexposed
469
00:24:57,320 --> 00:24:58,480
given the trend is cooling?
470
00:24:59,520 --> 00:25:01,920
Again, I think you would have to talk
471
00:25:02,000 --> 00:25:04,240
to Pierpoint's
Asset Management division
472
00:25:04,320 --> 00:25:05,320
about that.
473
00:25:06,200 --> 00:25:08,880
I'm sorry, are you asking me
to consolidate a trade idea, or...
474
00:25:08,960 --> 00:25:09,960
We're spitballing.
475
00:25:10,480 --> 00:25:12,400
If you wanna work with me,
we spitball.
476
00:25:13,160 --> 00:25:14,160
Okay.
477
00:25:14,240 --> 00:25:16,040
What if I said to you
Pierpoint was the short
478
00:25:16,120 --> 00:25:17,120
of the century?
479
00:25:22,360 --> 00:25:24,000
What do you expect me to say to that?
480
00:25:24,680 --> 00:25:26,880
How deep is Pierpoint
in these ESG names?
481
00:25:27,200 --> 00:25:29,000
How many billions
and how many companies?
482
00:25:29,080 --> 00:25:31,960
And just how little
does the market appreciate
483
00:25:32,040 --> 00:25:35,440
how unwieldy and complex
their balance sheet has gotten?
484
00:25:38,280 --> 00:25:39,600
What, do you want a fucking list?
485
00:25:43,640 --> 00:25:45,240
I'm sorry that I've wasted your time.
486
00:25:49,240 --> 00:25:50,240
Sweetpea...
487
00:25:51,360 --> 00:25:53,240
when I take a meeting,
it's off the record.
488
00:25:54,240 --> 00:25:55,960
Your boss is not my greatest fan.
489
00:25:56,920 --> 00:25:58,600
You would not want it
to get back to him
490
00:25:58,680 --> 00:25:59,880
that you took a meeting with me.
491
00:26:01,160 --> 00:26:02,240
Enjoy the rest of your day.
492
00:26:19,360 --> 00:26:21,080
People do not have their ear
to the ground in here.
493
00:26:22,120 --> 00:26:23,200
There's a picture building.
494
00:26:24,720 --> 00:26:26,040
I mean, fucking look at them all.
495
00:26:26,440 --> 00:26:28,440
They're like crossing the Aioi Bridge
496
00:26:28,520 --> 00:26:31,040
to do their "Oh, big shop"
on the morning of Hiroshima.
497
00:26:33,160 --> 00:26:34,560
- What?
- Sorry, my...
498
00:26:34,640 --> 00:26:36,120
Sorry, my dad's a bit of a...
499
00:26:37,160 --> 00:26:38,680
he's a bit of a World War II wanker.
500
00:26:39,880 --> 00:26:42,400
I mean, there's no one here knows
what the fuck is about to happen.
501
00:26:42,880 --> 00:26:44,440
Pierpoint's stocks rallying.
502
00:26:44,520 --> 00:26:45,640
I am telling you
503
00:26:45,840 --> 00:26:47,080
there is a sentiment
growing out there
504
00:26:47,160 --> 00:26:49,080
that is not reflected
in the share prices yet.
505
00:26:50,280 --> 00:26:51,520
What are you talking about?
506
00:26:51,600 --> 00:26:54,600
LeviathanAlpha are like
turbocharged, 'roided up
507
00:26:54,680 --> 00:26:56,280
juicehead bears on Pierpoint.
508
00:26:56,640 --> 00:26:58,120
- Damn.
- Yeah.
509
00:26:59,040 --> 00:27:00,880
Did they...
they offer you a job then?
510
00:27:03,400 --> 00:27:06,840
They... they just wanted me
to be their smoking gun.
511
00:27:07,840 --> 00:27:08,840
Damn.
512
00:27:09,840 --> 00:27:11,720
Well, you need to tell Eric.
This can't get out.
513
00:27:11,800 --> 00:27:12,800
I cannot tell Eric
514
00:27:12,880 --> 00:27:15,240
that I took a fucking interview
with Harper Stern.
515
00:27:15,320 --> 00:27:16,760
- Come on.
- But you need to tell someone.
516
00:27:25,880 --> 00:27:27,960
I think Pierpoint
might be absolutely fucked.
517
00:27:29,400 --> 00:27:31,960
Yeah, what else is new?
518
00:27:35,520 --> 00:27:36,600
Who's asked?
519
00:27:42,200 --> 00:27:43,200
I mean...
520
00:27:46,360 --> 00:27:47,840
- Right?
- Yeah.
521
00:27:52,080 --> 00:27:55,560
We're interested in diversifying
LeviathanAlpha's portfolio.
522
00:27:55,840 --> 00:27:57,560
Expanding into privates.
523
00:27:57,640 --> 00:27:59,880
Private ESG-focused companies.
524
00:28:00,840 --> 00:28:02,400
Growth stocks with an ethical bent.
525
00:28:02,480 --> 00:28:05,120
I used to cover you guys
when I was at Pierpoint.
526
00:28:05,200 --> 00:28:06,440
This is a volte-face.
527
00:28:06,800 --> 00:28:08,440
You guys were making a stink
in the market
528
00:28:08,520 --> 00:28:10,520
- as anti-ESG?
- Did you know
529
00:28:10,600 --> 00:28:12,680
that when Dolly Parton said
530
00:28:12,760 --> 00:28:16,480
"We cannot direct the wind
but we can adjust the boat's sails"
531
00:28:16,640 --> 00:28:18,960
she wasn't talking about some guy.
532
00:28:19,440 --> 00:28:22,200
She was talking about
her investment portfolio.
533
00:28:22,840 --> 00:28:24,200
Look, we're nimble.
534
00:28:24,440 --> 00:28:26,400
These companies are at a historic low
535
00:28:26,480 --> 00:28:30,040
given the climate of rate rises
and boiling hot inflation.
536
00:28:30,120 --> 00:28:31,760
It's not that we believe
in the companies.
537
00:28:31,840 --> 00:28:33,720
We believe they're cheap,
that's the trade.
538
00:28:34,040 --> 00:28:36,480
Which ESG name
are you interested in, exactly?
539
00:28:37,640 --> 00:28:40,640
Show us the full BWIC
and we'll see what suits.
540
00:28:40,720 --> 00:28:42,520
The more distressed, the better.
541
00:28:43,120 --> 00:28:44,400
Guys, what's going on here?
542
00:28:45,560 --> 00:28:47,280
You realize this stuff is shit,
right?
543
00:28:47,720 --> 00:28:49,640
There isn't a marginal buyer
of this junk out there
544
00:28:49,720 --> 00:28:50,920
so what are you doing here?
545
00:28:51,280 --> 00:28:52,760
He doesn't know
what he's talking about.
546
00:28:53,040 --> 00:28:54,120
He's an associate.
547
00:28:54,400 --> 00:28:56,240
People like us know
that the real meaning of "shit"
548
00:28:56,320 --> 00:28:57,440
is "undervalued".
549
00:28:58,200 --> 00:28:59,360
They like the trade.
550
00:28:59,560 --> 00:29:01,200
Our job is to facilitate it.
551
00:29:02,480 --> 00:29:03,480
Thank you.
552
00:29:03,760 --> 00:29:06,360
Okay. So Deutsche Bank
has nine names.
553
00:29:06,440 --> 00:29:07,560
Citibank only had seven.
554
00:29:07,640 --> 00:29:08,960
Or at least it looks like
they have seven.
555
00:29:09,040 --> 00:29:10,360
Yeah, seven and...
556
00:29:10,680 --> 00:29:11,840
I mean, JP Morgan
557
00:29:11,920 --> 00:29:15,080
the clear winner
with 22 distressed ESG assets.
558
00:29:15,160 --> 00:29:16,200
Absolutely.
559
00:29:16,440 --> 00:29:18,320
Let's check in at Pierpoint
on our way back
560
00:29:18,400 --> 00:29:19,600
and then we'll make the call.
561
00:29:19,840 --> 00:29:21,080
Who did you make
that meeting through?
562
00:29:22,440 --> 00:29:23,600
Did you make it through Yasmin?
563
00:29:23,680 --> 00:29:26,000
Harper, she's the least
inquisitive salesperson
564
00:29:26,080 --> 00:29:27,240
in the northern hemisphere.
565
00:29:27,320 --> 00:29:30,080
- Who else?
- No, I asked you not to do that.
566
00:29:30,160 --> 00:29:32,400
You're exploiting
a personal relationship.
567
00:29:32,480 --> 00:29:33,480
Hold on.
568
00:29:33,760 --> 00:29:35,320
You made me aware of Yasmin.
569
00:29:35,800 --> 00:29:38,120
"Exploiting a personal relationship"?
570
00:29:38,520 --> 00:29:39,840
You mean "politicking."
571
00:29:40,200 --> 00:29:42,840
I'm sorry, if someone's naïve enough
to show you their underbelly
572
00:29:42,920 --> 00:29:44,840
they shouldn't be surprised
if someone prods at it.
573
00:29:44,920 --> 00:29:46,600
Okay, well,
what about your underbelly?
574
00:29:48,000 --> 00:29:50,200
When were you gonna tell me
you had a substance abuse problem?
575
00:29:50,400 --> 00:29:51,480
Excuse me?
576
00:29:51,840 --> 00:29:54,200
James Ashford told me
that you met in rehab.
577
00:29:57,400 --> 00:29:58,720
We met in rehab?
578
00:29:59,720 --> 00:30:00,960
We met in the lobby...
579
00:30:01,400 --> 00:30:03,200
as I was dropping off my son.
580
00:30:05,280 --> 00:30:07,480
- I'm sorry.
- What else do you need to know, huh?
581
00:30:07,880 --> 00:30:10,040
Do you need to know
that he's in and out of care?
582
00:30:10,840 --> 00:30:13,080
You wanna know his middle name?
His fucking birthday?
583
00:30:13,960 --> 00:30:16,480
How does that help us... today?
584
00:30:16,560 --> 00:30:18,360
I'm sorry. Genuinely, I am sorry.
585
00:30:18,440 --> 00:30:21,240
But I do think if we were more
vulnerable with each other
586
00:30:21,320 --> 00:30:22,680
then things like this
wouldn't happen.
587
00:30:22,760 --> 00:30:23,760
No...
588
00:30:23,840 --> 00:30:25,320
I don't ask you who you fuck
589
00:30:25,400 --> 00:30:27,120
or what pills you take
to go to sleep.
590
00:30:27,280 --> 00:30:29,000
I respect your work
and you respect mine.
591
00:30:29,080 --> 00:30:31,000
That's the only currency
that matters here.
592
00:30:31,560 --> 00:30:32,840
We are colleagues.
593
00:30:33,160 --> 00:30:35,360
Yasmin is your former colleague.
594
00:30:35,560 --> 00:30:38,160
You interested in the past
or in our future?
595
00:30:41,880 --> 00:30:42,880
Fuck.
596
00:30:52,840 --> 00:30:54,480
It's like, for a minute, you know?
597
00:30:54,760 --> 00:30:56,680
Everything's perfect.
598
00:30:56,920 --> 00:30:58,320
- Right.
- Martini, sir.
599
00:30:58,680 --> 00:31:00,400
- Do you want one?
- No, I'm...
600
00:31:00,800 --> 00:31:02,120
I mean, I do, but...
601
00:31:02,680 --> 00:31:04,760
- I won't.
- You're not gonna stop me.
602
00:31:09,640 --> 00:31:11,200
Were you drunk at work this morning?
603
00:31:15,520 --> 00:31:16,840
I think I'm gonna lose my kids.
604
00:31:17,760 --> 00:31:19,000
She hired Mr. Payout.
605
00:31:19,080 --> 00:31:20,640
Fucking feminist judge too.
606
00:31:20,840 --> 00:31:21,840
She got everything.
607
00:31:22,240 --> 00:31:23,360
I got nothing.
608
00:31:25,080 --> 00:31:26,080
Bad trade.
609
00:31:29,680 --> 00:31:30,760
Is Pierpoint...
610
00:31:31,800 --> 00:31:32,880
in trouble?
611
00:31:33,200 --> 00:31:34,680
Sweetpea told me...
612
00:31:34,760 --> 00:31:36,640
Sweetpea doesn't know
what she's talking about.
613
00:31:37,280 --> 00:31:38,280
Sorry for...
614
00:31:39,080 --> 00:31:40,320
using you
615
00:31:40,520 --> 00:31:42,680
to justify drinking off my hangover.
616
00:31:42,760 --> 00:31:44,800
No, no, I'm happy to be here.
617
00:31:45,160 --> 00:31:46,160
The steak's good.
618
00:31:47,480 --> 00:31:48,480
Still...
619
00:31:56,120 --> 00:31:57,120
What kind of...
620
00:31:58,320 --> 00:32:00,040
father were you?
621
00:32:00,800 --> 00:32:01,800
Are you?
622
00:32:02,680 --> 00:32:04,120
Much worse than my own.
623
00:32:05,280 --> 00:32:07,000
He worked on a line
624
00:32:07,160 --> 00:32:10,840
making widgets for 50 years.
625
00:32:11,120 --> 00:32:12,200
He used to say...
626
00:32:16,800 --> 00:32:20,000
"If you really want to damn a man...
627
00:32:20,760 --> 00:32:23,080
teach him how to count."
628
00:32:24,760 --> 00:32:26,480
He was right, as always.
629
00:32:26,960 --> 00:32:29,200
You sure I can't tempt you?
630
00:32:31,920 --> 00:32:35,200
Sometimes I think
it's a child's biological duty
631
00:32:35,280 --> 00:32:36,480
to kill their parents.
632
00:32:44,160 --> 00:32:46,720
Do you think I give you
preferential treatment on the desk?
633
00:32:47,560 --> 00:32:51,360
'Cause I'm trying to reflect
on the different ways
634
00:32:51,640 --> 00:32:53,320
I treat the women in my life.
635
00:32:57,160 --> 00:33:01,920
With all due respect, Eric,
I don't see myself as a...
636
00:33:02,480 --> 00:33:04,200
woman in your life.
637
00:33:05,080 --> 00:33:08,160
You know, you're not a man in mine.
638
00:33:09,360 --> 00:33:10,360
Right.
639
00:33:11,000 --> 00:33:12,120
We work together.
640
00:33:12,560 --> 00:33:13,960
Yeah...
641
00:33:16,440 --> 00:33:18,560
I heard your relationship
with Henry...
642
00:33:19,640 --> 00:33:23,640
was raised by the select committee.
643
00:33:24,840 --> 00:33:25,840
Yeah.
644
00:33:26,160 --> 00:33:27,880
Has that been going on since COP?
645
00:33:31,640 --> 00:33:32,640
Sorry.
646
00:33:33,880 --> 00:33:35,240
- Hi.
- Hi.
647
00:33:35,760 --> 00:33:38,000
- Are you okay?
- Yeah, how are you?
648
00:33:40,040 --> 00:33:41,840
I just wanted to check
you're all right.
649
00:33:43,080 --> 00:33:44,080
I'm fine. Why?
650
00:33:44,800 --> 00:33:45,800
What's going on?
651
00:33:46,440 --> 00:33:47,880
Oh, god, sorry, have you not seen?
652
00:33:48,960 --> 00:33:50,880
There are leaked autopsy photos
653
00:33:50,960 --> 00:33:52,840
of Charles' body all over Reddit.
654
00:33:57,680 --> 00:33:58,800
No, I haven't seen.
655
00:33:58,880 --> 00:34:00,600
Is there anything else?
Anything in the press?
656
00:34:00,680 --> 00:34:02,920
Like an interview
with anyone from the boat?
657
00:34:03,360 --> 00:34:04,600
Anyone called Alondra?
658
00:34:05,040 --> 00:34:07,840
No, just these horrific photos.
659
00:34:08,080 --> 00:34:09,400
Are you okay?
660
00:34:10,040 --> 00:34:11,040
You with someone?
661
00:34:11,120 --> 00:34:12,120
Yeah.
662
00:34:12,800 --> 00:34:14,120
I'm having lunch with Eric.
663
00:34:14,320 --> 00:34:15,320
Oh, my god.
664
00:34:15,800 --> 00:34:17,480
Stay away from that fucking vampire.
665
00:34:19,640 --> 00:34:20,680
Okay, speak soon.
666
00:34:28,320 --> 00:34:29,320
You know...
667
00:34:30,200 --> 00:34:33,240
the only useful thing I remember
my shrink ever saying to me
668
00:34:33,320 --> 00:34:36,040
was "Desire is practical
669
00:34:36,640 --> 00:34:39,040
pragmatic, it takes what it can get."
670
00:34:39,120 --> 00:34:43,000
I've thought about that a lot since.
671
00:34:43,320 --> 00:34:45,440
And maybe, you know...
672
00:34:45,840 --> 00:34:48,520
- unexpected as it is...
- Okay.
673
00:34:48,920 --> 00:34:49,920
I'm gonna stop you right there.
674
00:34:50,000 --> 00:34:51,720
I'm gonna pay for my own food,
and I...
675
00:34:51,800 --> 00:34:52,880
I just... I don't...
676
00:34:53,480 --> 00:34:54,600
I don't want you to say
whatever it is
677
00:34:54,680 --> 00:34:56,280
- you're thinking of saying.
- You've misunderstood.
678
00:34:56,360 --> 00:34:58,160
Nope, I don't think that I have.
679
00:34:58,240 --> 00:35:00,440
No, I was just saying
680
00:35:01,000 --> 00:35:03,200
or trying to say...
681
00:35:04,280 --> 00:35:05,320
I don't know.
682
00:35:07,200 --> 00:35:08,800
The story of our lives
683
00:35:09,280 --> 00:35:12,920
becomes the story...
684
00:35:14,120 --> 00:35:17,760
of the detours...
685
00:35:18,680 --> 00:35:20,080
our desire...
686
00:35:21,080 --> 00:35:23,400
- takes us on.
- What the fuck are you doing?
687
00:35:23,480 --> 00:35:24,800
Why are you doing this?
688
00:35:24,960 --> 00:35:27,600
Why are you doing this to me, why?
What do you want?
689
00:35:27,680 --> 00:35:29,160
What do you actually
want me to do right now?
690
00:35:29,240 --> 00:35:31,520
You want me to give you
a nice little hand job in the toilet?
691
00:35:31,600 --> 00:35:34,040
Well, I mean, what is it
that you actually want from me?
692
00:35:34,120 --> 00:35:35,840
What am I? What is this?
Is this sex?
693
00:35:35,920 --> 00:35:36,920
Is it just sex for you?
694
00:35:37,200 --> 00:35:38,440
Is it just sex for you?
695
00:35:38,680 --> 00:35:40,520
Making me sit here like this.
696
00:35:40,600 --> 00:35:41,920
Listening to you talk like this.
697
00:35:42,000 --> 00:35:44,120
It's not sex! It's not sex, okay?
698
00:35:44,200 --> 00:35:46,040
So if you can do that,
you can do that on your own time.
699
00:37:12,440 --> 00:37:15,040
I have a meeting with LeviathanAlpha
700
00:37:15,120 --> 00:37:16,840
and our Asset Management guy in five.
701
00:37:18,240 --> 00:37:19,240
Do you wanna join?
702
00:37:19,680 --> 00:37:21,800
There's not so much difference
between those two, I think.
703
00:37:21,880 --> 00:37:23,880
- Yeah.
- Yeah, I'm just going into it now.
704
00:37:24,520 --> 00:37:26,480
Can you do me a favor
and just check in with your traders?
705
00:37:27,840 --> 00:37:30,240
Hey, hey. How about them Mets?
706
00:37:32,480 --> 00:37:34,960
I'm just fucking with you.
I know you hate baseball.
707
00:37:36,720 --> 00:37:37,960
You would if you were a Met.
708
00:37:42,920 --> 00:37:45,000
It's called "So Many Ways to Lose."
709
00:37:45,480 --> 00:37:47,280
We're interested in buying the dip
710
00:37:47,360 --> 00:37:50,200
on a lot of private ESG equity.
711
00:37:50,280 --> 00:37:51,280
Really?
712
00:37:51,920 --> 00:37:53,240
And catch a falling knife?
713
00:37:55,240 --> 00:37:57,560
I'd appreciate if you guys
were a bit more honest with us.
714
00:37:58,080 --> 00:38:00,960
You're a hedge fund,
not a distressed credit fund.
715
00:38:01,280 --> 00:38:02,600
Why are you interested
716
00:38:02,680 --> 00:38:04,600
in the long-term
growth prospects of...
717
00:38:04,920 --> 00:38:06,040
a load of these...
718
00:38:08,840 --> 00:38:09,880
There's a company in here
719
00:38:09,960 --> 00:38:13,640
that specializes in making
the bio-degradable receptacles
720
00:38:13,720 --> 00:38:15,360
for 200 pound a throw...
721
00:38:16,120 --> 00:38:17,120
moisturizer.
722
00:38:17,800 --> 00:38:19,880
There's a green fintech company.
723
00:38:19,960 --> 00:38:21,080
Do we know what that is?
724
00:38:22,320 --> 00:38:25,160
Credit cards made of compressed
wood chippings.
725
00:38:26,240 --> 00:38:29,560
Yeah, made by starving Iraqis
but they're queer, so...
726
00:38:30,120 --> 00:38:31,200
it's ESG.
727
00:38:32,560 --> 00:38:34,880
Look, holding this stuff
has been the daily bane
728
00:38:34,960 --> 00:38:36,040
of our existence.
729
00:38:36,120 --> 00:38:39,680
But it's so antithetical
to the heterodox principles
730
00:38:39,760 --> 00:38:42,640
that I thought
your company was founded on.
731
00:38:42,960 --> 00:38:44,840
And I know that you guys
are fucking smart
732
00:38:44,920 --> 00:38:47,240
so there's no way
that this is your trade.
733
00:38:49,080 --> 00:38:51,320
Yeah, they're too fucking smart
734
00:38:51,400 --> 00:38:53,120
to be heterodox on principle
735
00:38:53,720 --> 00:38:55,800
just when it pragmatically suits.
736
00:38:56,800 --> 00:38:58,320
Yal, I am...
737
00:38:59,440 --> 00:39:00,840
very impressed
738
00:39:01,120 --> 00:39:02,600
with Pierpoint's service.
739
00:39:02,680 --> 00:39:04,800
You're the only bank
that wants to engage
740
00:39:04,880 --> 00:39:08,320
in an academic analysis
of why I want to give you money.
741
00:39:08,640 --> 00:39:12,160
Yeah, they've already been to JPM,
Deutsche, etcetera.
742
00:39:12,240 --> 00:39:14,640
They could take this trade
anywhere on the street.
743
00:39:14,720 --> 00:39:17,080
You want to sell this stuff, right?
744
00:39:17,160 --> 00:39:19,600
So, sell it to them at mid,
everyone's a winner.
745
00:39:29,360 --> 00:39:31,560
Yal, may we see the list, please?
746
00:39:45,120 --> 00:39:47,000
Oh, double-sided
747
00:39:47,200 --> 00:39:48,200
for the environment.
748
00:39:52,600 --> 00:39:53,920
Well, that is...
749
00:39:54,320 --> 00:39:55,480
a lot of names.
750
00:39:58,200 --> 00:39:59,920
"Misery acquaints a man
751
00:40:00,000 --> 00:40:01,880
with strange bedfellows."
752
00:40:03,160 --> 00:40:04,960
You have a kink
for slaughtering sacred cows.
753
00:40:05,040 --> 00:40:06,440
You know we can't short these.
754
00:40:06,520 --> 00:40:08,080
They're not
publicly traded companies.
755
00:40:08,400 --> 00:40:09,760
We don't wanna short these names.
756
00:40:11,000 --> 00:40:12,160
We wanna short Pierpoint.
757
00:40:13,000 --> 00:40:14,800
In as much size as you will give us.
758
00:40:15,080 --> 00:40:17,640
That's why we're bringing this trade
to their biggest competitor.
759
00:40:18,880 --> 00:40:20,240
You mean their cast-offs.
760
00:40:21,480 --> 00:40:23,800
Pierpoint took a gamble
on bringing...
761
00:40:24,440 --> 00:40:26,240
60 supposedly promising
762
00:40:26,320 --> 00:40:28,160
ESG-focused companies to the market.
763
00:40:28,240 --> 00:40:30,880
They took a significant position
as the anchor at a bad level
764
00:40:30,960 --> 00:40:33,760
and to support that bet,
took on a lot of debt.
765
00:40:33,920 --> 00:40:37,360
That debt is reaching maturity
and it cannot be refinanced.
766
00:40:37,440 --> 00:40:39,600
This is growing knowledge
across the street.
767
00:40:43,280 --> 00:40:45,000
Liquidity elsewhere in the bank?
768
00:40:45,200 --> 00:40:46,200
Zip.
769
00:40:46,280 --> 00:40:48,760
Pierpoint has no way of paying
its debtors back.
770
00:40:49,800 --> 00:40:51,600
How the fuck
did they allow themselves
771
00:40:51,680 --> 00:40:55,200
to get into this hole
on something as banal as ESG?
772
00:40:55,480 --> 00:40:57,120
They wanted to be first movers.
773
00:40:57,400 --> 00:40:59,000
Pierpoint's Asset Management division
774
00:40:59,080 --> 00:41:01,520
has become a proxy prop desk
775
00:41:01,600 --> 00:41:02,920
and has been given
776
00:41:03,000 --> 00:41:04,680
undue influence
over the balance sheet.
777
00:41:04,760 --> 00:41:07,760
I mean, it is little more
than a shell company for shit.
778
00:41:08,320 --> 00:41:10,160
There's no wonder
they brought in Wolsey to fix it.
779
00:41:11,320 --> 00:41:14,080
Yeah, I heard
the CFO Wilhelmina Fassbinder
780
00:41:14,160 --> 00:41:16,080
is using John Lindsay's senility
781
00:41:16,160 --> 00:41:17,360
to make unilateral plays
782
00:41:17,440 --> 00:41:18,840
and change the whole direction
of the company.
783
00:41:18,920 --> 00:41:21,120
Those Weekend at Bernie's rumors
are true then.
784
00:41:22,160 --> 00:41:23,560
Why are you bringing
this trade to us?
785
00:41:25,240 --> 00:41:27,440
Shorting this size is gonna be
786
00:41:27,520 --> 00:41:29,000
more than 0.5% of the company.
787
00:41:29,080 --> 00:41:30,680
It will be public knowledge.
788
00:41:30,920 --> 00:41:33,880
We want you to do it
with enough discretion
789
00:41:33,960 --> 00:41:37,080
so we can go to the other banks
and buy CDS protection on Pierpoint
790
00:41:37,160 --> 00:41:39,800
before the disaster
is fully priced into the CDS.
791
00:41:40,080 --> 00:41:41,480
Maximize our upside.
792
00:41:42,320 --> 00:41:43,840
What sort of size
are we talking about?
793
00:41:44,160 --> 00:41:45,480
Five hundred million dollars.
794
00:41:48,840 --> 00:41:50,920
How much of your AUM is that?
795
00:41:51,840 --> 00:41:52,920
About half the fund.
796
00:41:53,120 --> 00:41:54,240
On one position?
797
00:41:55,880 --> 00:41:56,920
You must be...
798
00:41:57,000 --> 00:41:58,000
Confident.
799
00:41:58,800 --> 00:42:00,280
If it trades to zero
800
00:42:00,680 --> 00:42:03,920
you make
half a billion dollars profit.
801
00:42:04,680 --> 00:42:06,200
Net of all costs to you.
802
00:42:06,720 --> 00:42:07,960
The borrow to short the stock
803
00:42:08,040 --> 00:42:10,160
is gonna cost us a lot of money.
804
00:42:10,800 --> 00:42:11,880
That money's yours.
805
00:42:11,960 --> 00:42:13,440
You realize that this trade
806
00:42:13,520 --> 00:42:15,760
could cause the sort of panic
around Pierpoint
807
00:42:15,840 --> 00:42:18,000
that may not be able
to be contained, right?
808
00:42:18,640 --> 00:42:19,880
Don't they deserve it?
809
00:42:24,040 --> 00:42:27,720
So we're all brought together today
by the force of negative cohesion.
810
00:42:28,680 --> 00:42:30,680
Whatever gets us out of bed, right?
811
00:42:34,120 --> 00:42:36,040
Yeah, I mean,
I can take the call but...
812
00:42:36,920 --> 00:42:39,560
How about I just get you someone
more qualified for that?
813
00:42:40,400 --> 00:42:42,120
No, I've been doing it
814
00:42:42,200 --> 00:42:44,000
- for four years...
- How were LeviathanAlpha?
815
00:42:45,720 --> 00:42:46,720
Good.
816
00:42:47,920 --> 00:42:50,720
I introduced them
to Yal Shafqat in PAM.
817
00:42:53,680 --> 00:42:56,600
What's the asset
management connection?
818
00:42:57,040 --> 00:42:58,280
I don't know if you know this
819
00:42:58,360 --> 00:43:00,760
but PAM have a lot of distressed
820
00:43:00,840 --> 00:43:03,480
ESG private equity exposure, so...
821
00:43:03,840 --> 00:43:05,120
Yeah, not exactly a bull.
822
00:43:06,160 --> 00:43:07,160
So...
823
00:43:08,520 --> 00:43:10,000
what did they want?
824
00:43:10,400 --> 00:43:11,760
Well, they're sniffing around
825
00:43:11,840 --> 00:43:14,000
but they think that it's trading
well below fair value
826
00:43:14,080 --> 00:43:15,200
and it will correct.
827
00:43:16,080 --> 00:43:17,160
They're buyers.
828
00:43:17,560 --> 00:43:20,040
That makes no sense.
829
00:43:20,800 --> 00:43:24,800
What exactly did you tell them
about our exposure?
830
00:43:26,080 --> 00:43:27,800
I gave them a list.
831
00:43:30,840 --> 00:43:32,400
A fucking list?
832
00:43:42,320 --> 00:43:43,320
I don't know.
833
00:43:57,160 --> 00:43:58,160
Have you got an appointment...
834
00:43:58,560 --> 00:43:59,680
You can't go in there!
835
00:44:00,280 --> 00:44:02,160
Okay, you got Daddy's attention now.
836
00:44:02,640 --> 00:44:03,640
Can I help you?
837
00:44:03,720 --> 00:44:05,520
Is this why you do the things you do?
838
00:44:06,120 --> 00:44:07,200
Sorry?
839
00:44:07,600 --> 00:44:08,840
You're stood in my office
840
00:44:09,120 --> 00:44:10,320
emotionally incontinent
841
00:44:10,400 --> 00:44:12,480
and you're saying
I need your attention?
842
00:44:12,560 --> 00:44:15,280
You listen to me,
you little fucking cunt.
843
00:44:16,800 --> 00:44:18,000
Maybe you need a glass of water.
844
00:44:18,800 --> 00:44:20,280
I don't know what your angle is
845
00:44:20,720 --> 00:44:22,600
but it's somewhere in the area
846
00:44:22,680 --> 00:44:24,480
of causing the most harm
847
00:44:25,160 --> 00:44:27,560
to as many people
as you physically can.
848
00:44:27,640 --> 00:44:29,800
Everyone's collateral, right?
849
00:44:29,880 --> 00:44:31,680
Even the only girl
850
00:44:31,760 --> 00:44:34,680
stupid enough to call you a friend.
851
00:44:39,480 --> 00:44:41,200
Do you ever listen to the pat shit
852
00:44:41,360 --> 00:44:43,240
that comes out of your fucking mouth?
853
00:44:44,040 --> 00:44:46,920
Everything you do on the floor
communicates an ideology
854
00:44:47,000 --> 00:44:49,000
that people are a means to an end.
855
00:44:49,320 --> 00:44:51,040
I enact your philosophy
856
00:44:51,120 --> 00:44:53,080
and you have the nerve
to come into my office
857
00:44:53,160 --> 00:44:54,800
and call me a bad person?
858
00:44:56,040 --> 00:44:57,840
Go fuck yourself.
859
00:44:59,360 --> 00:45:00,560
You know, I'm guessing
860
00:45:00,920 --> 00:45:04,160
you live with the feeling
that you're a monster.
861
00:45:04,720 --> 00:45:07,680
And now there's nothing
stopping you on your path
862
00:45:07,760 --> 00:45:09,440
to whatever behavior provides you
863
00:45:09,520 --> 00:45:13,800
with an externalized fantasy
of what you really think of yourself
864
00:45:13,880 --> 00:45:16,800
every moment of every day.
865
00:45:16,880 --> 00:45:19,840
I want you to know
from the bottom of my heart
866
00:45:19,920 --> 00:45:22,320
that what you think about yourself...
867
00:45:23,960 --> 00:45:24,960
is true.
868
00:45:29,040 --> 00:45:30,760
I heard your family fell apart.
869
00:45:33,240 --> 00:45:34,240
Shame.
870
00:45:35,800 --> 00:45:37,720
But maybe now
you can finally go after
871
00:45:37,800 --> 00:45:39,560
whatever it is that you really want.
872
00:45:50,160 --> 00:45:51,320
Is he drunk?
873
00:45:52,040 --> 00:45:53,560
Jesus Christ.
874
00:45:53,920 --> 00:45:56,760
And that is why
we keep it professional.
875
00:46:01,520 --> 00:46:02,520
Floor eight.
876
00:46:03,080 --> 00:46:04,320
Doors opening.
877
00:46:11,760 --> 00:46:13,000
Doors closing.
878
00:46:41,400 --> 00:46:42,800
Hi, guys, anyone in New York
879
00:46:42,880 --> 00:46:45,400
got any color on the reversal
in Pierpoint's share price?
880
00:46:46,760 --> 00:46:48,880
Hearing away
some sizeable shorts building.
881
00:46:49,360 --> 00:46:51,480
Yeah, something to keep an eye on.
882
00:47:36,000 --> 00:47:37,400
- Hello.
- Yasmin.
883
00:47:37,680 --> 00:47:39,160
Have I got you at a good time?
884
00:47:39,240 --> 00:47:40,320
Yeah, sure.
885
00:47:42,480 --> 00:47:44,200
There's no easy way of saying this.
886
00:47:44,800 --> 00:47:46,520
We don't think you should
come to work tomorrow.
887
00:47:48,040 --> 00:47:49,040
Okay.
888
00:47:49,960 --> 00:47:51,360
I understand. I'll take the day.
889
00:47:51,440 --> 00:47:52,440
No.
890
00:47:54,400 --> 00:47:56,120
This is an indefinite decision.
891
00:47:56,520 --> 00:47:58,080
It's a decision of the company.
892
00:47:58,160 --> 00:48:00,960
We think it's for the best
given all you're going through.
893
00:48:01,520 --> 00:48:04,240
- What?
- We think it's affecting your focus.
894
00:48:04,720 --> 00:48:08,600
Some proprietary information
from Pierpoint Asset Management
895
00:48:08,920 --> 00:48:11,080
got into the hands of...
896
00:48:11,400 --> 00:48:12,600
a bad actor.
897
00:48:12,680 --> 00:48:14,760
Actually, I'm not gonna
couch my language.
898
00:48:15,040 --> 00:48:16,640
Your "friend" fucked you.
899
00:48:17,240 --> 00:48:18,960
HR will be in touch with next steps.
900
00:48:19,040 --> 00:48:21,040
I hope you understand
how much I enjoyed
901
00:48:21,120 --> 00:48:22,120
working with you.
902
00:48:22,200 --> 00:48:24,280
Good luck
with wherever you land next.
903
00:48:36,040 --> 00:48:39,080
Oh, will you fuck off?
904
00:48:41,480 --> 00:48:43,200
Bill, I hope you're on a flight
to London.
905
00:48:44,000 --> 00:48:45,760
The market knows we're dying.
906
00:49:01,640 --> 00:49:02,640
Hey.
907
00:49:04,200 --> 00:49:05,200
You okay?
908
00:49:06,840 --> 00:49:07,840
You know...
909
00:49:10,680 --> 00:49:14,640
my first instinct
when I got back into my cabin...
910
00:49:16,320 --> 00:49:18,640
was to brush my hair.
911
00:49:20,840 --> 00:49:24,320
Your first instinct
was to protect me.
912
00:49:25,640 --> 00:49:26,640
Why?
913
00:49:27,600 --> 00:49:28,920
"Why"? What do you mean "why"?
914
00:49:29,720 --> 00:49:30,840
Why did you help me?
915
00:49:31,880 --> 00:49:33,600
Because it was the human thing to do.
916
00:49:37,440 --> 00:49:38,640
You didn't do anything wrong.
917
00:49:40,640 --> 00:49:42,120
You didn't do anything, Yas.
918
00:49:42,360 --> 00:49:43,840
No, you're right. I did nothing.
919
00:49:45,960 --> 00:49:48,320
You didn't commit a crime, Yas.
920
00:49:49,480 --> 00:49:51,360
Okay, you're not responsible.
921
00:49:53,200 --> 00:49:55,680
He was headed where he was headed.
And that's it.
922
00:49:55,760 --> 00:49:57,480
You know, I have defended you
923
00:49:58,520 --> 00:49:59,520
to people.
924
00:50:01,920 --> 00:50:03,560
Rob, Eric.
925
00:50:04,400 --> 00:50:07,280
I find myself
constantly defending you.
926
00:50:07,360 --> 00:50:09,000
Because that girl
927
00:50:10,000 --> 00:50:11,120
on the boat...
928
00:50:11,920 --> 00:50:14,320
whoever that girl was...
929
00:50:15,880 --> 00:50:17,080
she loved me.
930
00:50:18,320 --> 00:50:20,320
- I do love you.
- Fuck you.
931
00:50:21,920 --> 00:50:23,680
Fuck you.
932
00:50:24,520 --> 00:50:27,160
My pain is useful to you.
933
00:50:27,760 --> 00:50:28,840
Even today.
934
00:50:29,480 --> 00:50:31,600
Of all the fucking days.
935
00:50:31,680 --> 00:50:35,600
My pain was useful to you.
936
00:50:37,560 --> 00:50:39,800
And the more I sit with it,
the more I realize
937
00:50:39,880 --> 00:50:42,320
of course... of course.
938
00:50:42,800 --> 00:50:44,600
That little voice in my head
was right.
939
00:50:44,880 --> 00:50:47,840
You revel in my disgrace.
940
00:50:47,920 --> 00:50:50,120
You revel in other people's pain.
941
00:50:50,200 --> 00:50:52,760
It fucking nourishes you.
942
00:50:54,600 --> 00:50:55,800
Okay, Yas...
943
00:50:57,360 --> 00:50:59,160
I did everything in my power
944
00:50:59,480 --> 00:51:01,640
to try and stop Petra, I did.
945
00:51:02,200 --> 00:51:04,160
But this is the business.
946
00:51:04,800 --> 00:51:07,840
Sorry the world is showing you
what it is.
947
00:51:08,080 --> 00:51:11,040
Without any of the protections
that you are so clearly used to.
948
00:51:12,240 --> 00:51:15,800
And I am genuinely sorry
that you think I am so sick
949
00:51:16,200 --> 00:51:19,400
that I could somehow get off
on your unhappiness now.
950
00:51:19,480 --> 00:51:20,720
Oh, so you don't?
951
00:51:21,240 --> 00:51:22,360
You didn't, today?
952
00:51:22,440 --> 00:51:24,840
I needed my friend today, Harper!
953
00:51:24,920 --> 00:51:27,080
I needed my friend and you used me!
954
00:51:27,160 --> 00:51:28,840
You don't want friends.
955
00:51:29,080 --> 00:51:31,240
You do not want friends.
956
00:51:32,040 --> 00:51:35,120
You want people
to make the hierarchy of your world
957
00:51:35,200 --> 00:51:37,760
- make fucking sense to you.
- Do you have any capacity
958
00:51:37,840 --> 00:51:40,600
to see beyond the projection
of your own insecurities?
959
00:51:40,680 --> 00:51:43,640
Because the most appalling things
that you think about yourself
960
00:51:43,720 --> 00:51:45,640
are not how I see you.
961
00:51:45,720 --> 00:51:46,880
How do you see me then?
962
00:51:48,440 --> 00:51:49,680
Does it appall you
963
00:51:49,760 --> 00:51:51,960
that I have somehow managed
to make it on my own?
964
00:51:52,240 --> 00:51:53,240
Oh, my god.
965
00:51:53,920 --> 00:51:55,000
You're mental!
966
00:51:57,240 --> 00:52:01,600
You are hardwired
to exploit people's vulnerabilities
967
00:52:01,680 --> 00:52:05,480
and all the fucking
mental gymnastics of whatever...
968
00:52:06,000 --> 00:52:08,160
I don't know, genetic blame game
969
00:52:08,240 --> 00:52:09,640
or how you were brought up
970
00:52:09,720 --> 00:52:12,680
or, "Oh my, god,
my brother, he's an addict" shit
971
00:52:12,840 --> 00:52:15,520
that you spin does not absolve you
972
00:52:15,600 --> 00:52:18,600
of how you choose to act now.
973
00:52:24,840 --> 00:52:26,240
I deserve better than this.
974
00:52:26,960 --> 00:52:27,960
I do.
975
00:52:28,600 --> 00:52:30,840
Everyone deserves better
than the way that you treat them.
976
00:52:32,280 --> 00:52:36,000
The way you use and use
and fucking take
977
00:52:36,080 --> 00:52:37,480
is disgusting.
978
00:52:38,280 --> 00:52:39,600
It's disgusting.
979
00:52:40,960 --> 00:52:42,600
The way you treat Rob...
980
00:52:43,200 --> 00:52:45,000
and he still chooses you.
981
00:52:45,800 --> 00:52:48,840
He still chooses you
every fucking time.
982
00:52:52,880 --> 00:52:57,840
You think that if I wasn't around,
Rob would wanna be with you?
983
00:53:00,520 --> 00:53:02,160
He thinks you're deranged.
984
00:53:04,200 --> 00:53:07,640
Being a narcissist
with an inferiority complex
985
00:53:07,720 --> 00:53:10,040
doesn't make you an underdog, Harper.
986
00:53:10,120 --> 00:53:13,120
It makes you
completely fucking nauseating.
987
00:53:14,400 --> 00:53:17,040
And trust me, I know narcissists.
988
00:53:17,520 --> 00:53:19,640
My dad used to pity himself too.
989
00:53:19,840 --> 00:53:20,840
Right.
990
00:53:21,040 --> 00:53:23,200
And I'm sure you fed
into that self-pity...
991
00:53:23,760 --> 00:53:27,360
the same way that you feed into
what he and every other man like him
992
00:53:27,440 --> 00:53:28,760
wants you to be...
993
00:53:29,280 --> 00:53:32,600
a fucking sex object and a victim.
994
00:53:33,160 --> 00:53:35,320
Which you conveniently
bounced between
995
00:53:35,400 --> 00:53:36,640
whenever it suits you.
996
00:53:39,360 --> 00:53:42,360
You know, I used to think
that the worst thing
997
00:53:43,080 --> 00:53:44,320
that you could think about me
998
00:53:44,400 --> 00:53:46,280
and the worst thing
that I could think about you
999
00:53:46,360 --> 00:53:47,560
might still be true
1000
00:53:47,960 --> 00:53:50,360
and we might be able
to love each other in spite of it.
1001
00:53:50,440 --> 00:53:53,040
But I am certain...
1002
00:53:53,960 --> 00:53:55,440
that that is not the case.
1003
00:53:56,160 --> 00:53:57,680
Like father, like daughter, right?
1004
00:54:00,680 --> 00:54:02,600
Your arrogance is just you
overcompensating
1005
00:54:02,680 --> 00:54:04,720
for the fact that
you could not be any more
1006
00:54:04,800 --> 00:54:06,720
fucking ordinary.
1007
00:54:08,520 --> 00:54:09,600
And guess what?
1008
00:54:11,000 --> 00:54:12,640
The world can only
hide that shit from you
1009
00:54:12,720 --> 00:54:14,080
for so long, Yas.
1010
00:54:15,040 --> 00:54:16,320
You are talentless...
1011
00:54:17,640 --> 00:54:18,760
and useless.
1012
00:54:19,920 --> 00:54:21,880
And a fucking whore.
1013
00:55:25,680 --> 00:55:26,880
You need to stop crying.
1014
00:55:27,640 --> 00:55:28,640
Hi.
1015
00:55:29,240 --> 00:55:31,160
Sorry. I've been looking for you.
1016
00:55:31,320 --> 00:55:32,440
Yeah, we were having...
1017
00:55:33,080 --> 00:55:34,960
what you would say a "session,"
in our room.
1018
00:55:35,040 --> 00:55:36,040
Yeah.
1019
00:55:36,720 --> 00:55:38,120
A sesh, like a session.
1020
00:55:38,360 --> 00:55:41,080
Vale, I just wanted to apologize
1021
00:55:41,160 --> 00:55:42,320
for what you may have seen.
1022
00:55:42,720 --> 00:55:44,040
Your father and I have a very...
1023
00:55:44,120 --> 00:55:45,120
Don't worry about it.
1024
00:55:46,600 --> 00:55:48,080
I know exactly what he's like.
1025
00:55:48,880 --> 00:55:49,880
Bueno.
1026
00:55:50,360 --> 00:55:52,440
Do you think
he'll be coming into town?
1027
00:55:52,840 --> 00:55:55,560
He mentioned he needed a pedicure
before Nikki Beach.
1028
00:55:56,160 --> 00:55:58,360
The beauty team in Sóller
would like to make arrangements.
1029
00:55:58,920 --> 00:56:00,400
I have no idea.
1030
00:56:01,040 --> 00:56:04,080
I mean, he's been up for, like,
two days straight, so...
1031
00:56:04,520 --> 00:56:07,560
Guessing his nap will be just turned
into more of like a...
1032
00:56:10,920 --> 00:56:12,120
- a...
- Sleep.
1033
00:56:12,200 --> 00:56:13,280
- Sleep.
- A sleep.
1034
00:56:13,640 --> 00:56:14,640
Yeah.
1035
00:56:16,040 --> 00:56:17,040
Bueno.
1036
00:56:18,240 --> 00:56:19,880
(Spanish) So this isn't Nikki Beach?
1037
00:56:20,440 --> 00:56:21,960
Where the fuck are we?
1038
00:56:22,440 --> 00:56:23,840
What's the point of sailing a boat
1039
00:56:23,920 --> 00:56:28,160
if we have to drive across the island
to get anywhere?
1040
00:56:29,200 --> 00:56:30,720
You look like the loneliest girl
1041
00:56:30,800 --> 00:56:33,160
to have ever had a boat
named after her.
1042
00:56:34,760 --> 00:56:38,560
Mallorca is slightly more
bourgeoisie...
1043
00:56:39,240 --> 00:56:41,440
I can't believe that prick
almost made us miss a res
1044
00:56:41,520 --> 00:56:42,520
at Nikki Beach.
1045
00:56:45,760 --> 00:56:47,400
In some ways, he's already there.
1046
00:56:57,920 --> 00:56:58,920
You know?
74796
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