≈ RIP Jamie ≈
“Typically, conventional chicken nuggets are made with mechanically separated chicken—using the bits and parts that are not sellable of a chicken carcass. Approximately, a mass-produced chicken nugget has 50% meat and the rest is fat, ground bone, blood vessels, and connective tissues. This mix does not generally taste very good or taste like chicken, so then the manufacturers add salt, sugar, starch, binders, and fillers to make it taste like palatable.”
— Jennifer Johnson, Sous-chef —
There is this video that became kind of an underground classic on YouTube that shows the hyperactive and talkative British chef Jamie Oliver preparing chicken nuggets in front of half a dozen children. It goes like this:
Chicken carcass › Processor › Pink slime › Stabilizer › Flavour › Patties › Flour › Frying pan
Sounds disgusting? Watch this:
“Who would still eat this?”, he asks. Everyone, EVERYONE would still eat this.
Chicken nuggets are just like those “professionally” managed mutual funds: a basket composed of an unnameable plethora of financial assets called “diversified holdings”. Couple them with some obscene fees and you got a disgusting mixture. People don’t know what they are buying into.
Honestly, do you think that telling our friends and family what goes into a mutual fund will stop them from investing in it? Of course not, you guessed it right.
The only solution to that is financial education. As traders and investors, it is our duty to start this silent revolution and help those who surround us.
Nice talking to you but I’m starving. I’ll go have some chicken nuggets for lunch.
Chart of the Day
Diversified chicken nuggets
Who would still eat this?
Video of the day
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The Breakthrough Part VI
Timber!!!!! Look out below! Our mock trade from last week is getting crushed!! Or is it? Last week we put on a mock trade in AAL and the premiss was that the stock was going to break to the upside and bring us in a nice fat profit!!!
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