Carl Icahn Comes Under Fire!

[@PBoyle]

Head to brilliant.org/patrick/ to start your free 30-day trial, and the first 200 people get 20% off an annual premium subscription.

[@oldguywholifts]

The sarcasm/wit is exceptional and yet.... Educational... Subjectively! PB content definitely a high point of the week

[@himoffthequakeroatbox4320]

Did you pronounce it "I con"?

[@mattbuchanan4330]

You've come the right place.

[@glass8289]

Your are funny Patrick 😀

[@vp4439]

What is your view on Scottish mortgage investment trust ?

[@IllIl]

Finally! Some good old fashioned, non-crypto pyramid schemes. It's so refreshing!

[@porcudracului]

One of our best guys. Hope he dies in peace

[@ariangh815]

Oh man 😂😂

[@chrisdavey3113]

So good 😂. Surely Carl has some block chain technology to include in this Ponzi somewhere?!

[@ryanhealy9026]

It’s always nice to go back to the classics

[@ronannezlev2276]

Yess!!!

[@gregaroivanalininovich9019]

So you're telling me that the guy who was one of the inspirations for Gordon Gekko is NOT a paragon of virtue and ethics? I AM SHOCKED, SHOCKED!!!

[@porcudracului]

Excellent, Norm. But Normie, Normie, Normie, you forgot your lines: shocked and chagrined, mortified and stupefied. That's what you wanted to say. Because the light was on

[@BroudbrunMusicMerge]

@@porcudracului What?

[@porcudracului]

@@BroudbrunMusicMerge inside joke.

[@cdreid9999]

but..but.. they said greed was good...

[@cdreid9999]

@@stipebalenovic6497 no Gecko wasnt "secretly saying this other thing that you think". As is universally true he meant the words he said.."greed is good". He wss preaching the modern right wing ideology of pure self interest. An ideology all the worlds major religions were founded around opposing. Modern rw ideology is "evil is necessary and good"

[@Brogenitor]

"What is it, a Blackstone real estate fund?" Absolutely savage. I love it.

[@CainXVII]

I read this EXACTLY as he said it

[@jakelamotta7904]

Ackman and Carl had probably the most awkward hug in stock market history. I don’t know if they were afraid they were going to steal from each other pockets

[@thetobyg]

Dirty jews

[@primesister2756]

Had to look that up. It was incredibly awkward!

[@tomlxyz]

It was really a strange mix of trying to look enthusiastic for a hug and then try to avoid physical contact

[@karenthomson9749]

🤣🤣🤣🤣🤣

[@MW-vg9dn]

lmao true :D

[@deanbolton3228]

I'm in the mood for some dry sarcasm

[@tshepo7122]

That’s why I clicked 😂

[@JoeSmith-kn5wo]

😁

[@spector3881]

And Patrick's is the equivalent of a 18 yr scotch

[@tanias4877]

... and nice suits.

[@stevenson720]

Always 😁

[@Hellz69]

"He was accused of being a asset strpper (the worst kind of stripper) in his dealings" funny af 🤣

[@zachmerritt4661]

😂 comedic gold

[@JRay2113]

When you think about it, all strippers are asset strippers 😅

[@rogerbritus9378]

But not all of them are 87 year old

[@borntobomb]

@@rogerbritus9378 GGPILF...

[@milamarshall7842]

Makes sense why he defended herbalife so aggressively

[@tomlxyz]

Really wish Ackman won that one. Not for him but just so that Herbalife gets hurt and maybe set a record for that type of companies

[@CheapSushi]

@@tomlxyz same. It would have made all MLMs scared; scumbags.

[@OffGridInvestor]

@@tomlxyz so do I. Herbalife is SERIOUSLY predatory. It is a scumbag company that DESERVES to die.

[@OffGridInvestor]

He's quite a destroyer of companies. Comes in, FIRST everyone's wage drops, people leave and new hotes are idiots or drug addicts because the rate is SO bad, then he strips the place of ALL the decent stuff especially any new equipment on lease, and you're back to doing it the hard way with a bunch of fumbling idiots or addicts, and eventually you quit too. Heard of from a former Pep boys employee.

[@jeebusk]

Lol did he?

[@chrisb.2028]

It still amazes me how much these videos fill me with knowledge and make me laugh at the same time.

[@OxymoronicTonic]

PATRICK is a great orator eh! Great content

[@kelleychilton2524]

Patrick was on top of his game with this video.

[@scott_hunts]

“First check if Kathy Wood is invested” 10/10

[@booya8789]

Patrick masters the art or serious humor and information. Never disappoints. Well done as always

[@jimjackson4256]

The fact that the dividend was 15% before the price drop suggests that some people had a hint that things were wrong all along.

[@weswest8666]

Limited partnership dividends are from cash flow not paid out from earnings thus they are generally higher than qualified dividends

[@jimjackson4256]

Realistically he should have been buying in those shares with a 15% yield. Getting a guaranteed 15% is pretty sweet.The fact that he was selling them should raise a big red flag.

[@tomlxyz]

​@@weswest8666 so they're not sustainable?

[@OffGridInvestor]

Meanwhile here in Australia THAT'S NORMAL returns for the mining industry. You Americans get such CRAP returns, getting excited over 7%.

[@likemysnopp]

@@OffGridInvestor well ive watched friendly jordies enough time to now which BRUZZZZ is making fat stacks in Aussie land

[@zk1479]

This is what we call 419 here in abuja Nigeria. We are accused as being fantastically corrupt country but some of these dark arts of capitalist is way beyound our 419 scheme. I salute you

[@stephenlight647]

Thanks!

[@PBoyle]

Thank you!

[@donnyhollywood]

HAHAHH! "If you want to see if a stock is overvalued first see if Cathie Wood has a large position or if Jim Cramer has recommended it as a buy". ROFL!! LMFAO! You got jokes, Patrick! Im dying.

[@cdreid9999]

Cramer having no position Just confuses me. Also only cramer could manage to lose money by Not taking a position

[@David-ud9ju]

@@cdreid9999 Yeah, to be fair, his rationale for not investing was also pretty sound as well, which is amazing.

[@baoboumusic]

2:17 HAHAHA Rasputin as Jack Dorsey, that's amazing 😂

[@mylosovich24]

Calling out Kathy and Jim like a boss.. I love your vids Patrick... had trouble typing this through spastic laughter

[@lvhdmya4807]

The humour keeps getting better and better. Brilliant video and thank you.

[@himoffthequakeroatbox4320]

4:43 If I handed in a graph like that it would have come back with "LABELS! UNITS?" scrawled over it. When I was 12.

[@kth6736]

Special profits interest allocation for fees. 😂 Similar to "Rapid unscheduled disassembly"

[@samsonsoturian6013]

One is a joke, the other is an obfuscation

[@Confucius_Says...]

😂😂😂

[@tcpratt1660]

[Drachinifel has entered the chat, as IJN Yamato is exiting the chat, stage down.] "The [Yamato's] water damage control station, which would have primarily controlled this effort, had been redistributed at high speed to a number of other parts of the ship, courtesy of a Helldiver's bomb, making this course of action difficult, if not impossible, to carry out."

[@TKD4Free]

“Where is Credit Suisse when you need them” - almost did a spit take.

[@dahliacheung6020]

Then your mouth could be as delightfully dry as his humor.

[@Old_Jack_Ketch]

Now having listened to Patrick Boyle’s and Plain Bagel’s videos on this report , I can now say I know more about this subject than any human in the universe 😎👍

[@esra_erimez]

16:28 "Special Profits Interest" is that like a Special Military Operation?

[@CB-jq7fe]

Learning every time I watch your vid... thank you sir... God Bless Patrick

[@joshgez]

If you ever get fired from your job, you can always be a stand up comedian I'll seriously go to all your shows. Amazing deadpan humor hahaha love your stuff

[@savagepro9060]

Love how Patrick Boyles them

[@booya8789]

😂😂😂😂

[@matthewdrews]

Unit holders. Units of....bags?

[@RenegadeRanga]

When the price collapses the investors will be holding a bag of shit.

[@cyrilio]

I'd love to see a tier list of top shady bankers. Please Patrick, make it happen.

[@simony2801]

The list would be long

[@cdreid9999]

Chatgpt please list the ceo's of the 100 largest banks, please

[@insekta1701]

Lol, If he made a list of names, the ADL would be on his ass like white on rice. 😂😂😂😂

[@ajax700]

Watch Inside job (2010) documentary. Many appear there. Best wishes.

[@patrickpontee7985]

Patrick , you did a good job!

[@playbak]

Mr Boyle is dropping these hot topic vids quickly, love it!

[@MrMattie725]

Patrick's sarcasm is so advanced that I don't even know whether stating that "having 10B insteand of 15B at 87 for your retirment has a serious impact" was sarcasm or not :D

[@booya8789]

😂

[@swagistan69420]

Standard British humour innit

[@me0101001000]

Carl: Icahn't believe you've done this

[@annkey4091]

It's about time that someone "stepped" to Ichan. He has been raiding companies a long time. I don't see where it has been always for the good of the company.

[@cdreid9999]

It NEVER was. Guess why you/we etc dont have pension funds and have ira's and 401ks instead. Those raiders plundering them

[@brianfromdenmark1204]

Always had a feeling about that Carl. They always claim to have predicted this and that (often a crash), yet they never seem to be able to show when they actualy did.

[@lsb0119]

lol Patrick, love the many many subtle jabs in the videos. Well made and well put video. Informative and entertaining!

[@azeria1]

With the hat Carl was wearing in the thumbnail the name Hindenburg and the financial system current state it feels like we are in the 30s

[@alexgray1905]

Great video ... thank you.

[@alansnyder8448]

Patrick Boyle, I just want to let you know I just bought your book. "Statistics for the Trading Floor". Thanks for writing it.

[@mammuchan8923]

Thanks for the video, I saw Bill Ackmans tweet but couldn’t fully understand the article, take care!

[@elijahwoldemariam8717]

“Overvaluing an asset who do they think they are Blackstone” 😂😂😂

[@cdreid9999]

but..but..the top .1% have their money in blackstone im sure our elites could never make stupid financial decisions........ /s

[@abatesnz]

Not quite what he very carefully said.

[@thefinalkayakboss]

I was literally replacing a toilet in carls house on long island when the nbc uploaded the clip of them talking about the hindenberg report lol

[@henryD9363]

Tell us more!

[@thefinalkayakboss]

@@henryD9363 not an awful lot to tell im afraid, hes seldom around when work is being done to the house although i was called out on emergency service several years ago for a leak and met the man himself on that occasion. He wasnt too happy. We were changing out half a dozen toilets and i was dragging packaging out of the house and i saw the caretakers were watching msnbc in the kitchen and i was like ohhh shit its about their boss. Cant say much more than that, the house is spectacular but i dont wanna get in trouble for giving out details i shouldnt.

[@jan2000nl]

Was it full of sh*t?!!

[@don.dandononeverything1254]

I love how nonchalant Patrick is when throwing shots😂👌🏽

[@sai9154]

Right on time! Excellent, highly informative and hilarious!

[@baarbacoa]

I just saw Carl at Denny's, eating the earlybird special, and collecting the AARP discount. So things must really be tight in the Icahn household.

[@brucetownsend691]

Sharks get a bad rap but they are essential for maintaining the health of the marine ecosystem. Patrick, and this video in particular, helped me understand that the same is true of short sellers and the health of financial markets.

[@eirikarnesen9691]

markets where healthy, before shorts existed, now they are insane, and dying

[@spoddie]

@@eirikarnesen9691 When was this golden age of markets before short selling?

[@svenhodaka9145]

The value of shorts? Depends which type. The “pump and dump” or the “I smell a rat”. I think there is value in shorts. For example look at the train wreck in the regional banks.

[@eirikarnesen9691]

@@spoddie from the creation of "free markets" to i belive it was the 90? cant remember when shorts became legal, its a very new thing

[@spoddie]

@@eirikarnesen9691 Your belief is wrong.

[@Bromeostasis]

“Its been over 100 years since we’ve heard anyone speak positively of a ponzi” SBF 2022: hold my beer 14:11

[@billionairebears]

you had me at worst kind of stripper🙆‍♂🙅‍♂🕺🤣🤣🤣

[@virgil_kane]

This is my favorite comedy channel . Patrick's sense of humor is so aridly dry I can't help but laugh my ass off . Great job Patrick !

[@agxryt]

Hindenburg strikes again! Never would've thought of short sellers as doing good work, but seems like they put a lot of focus on breaking up scams and frauds

[@MenwithHill]

They're like vultures, they're not inherently good or bad, they fulfil a niche of cleaning up carcasses and preventing the spread of disease. They're certainly not super sexy and you can't run an economy just on short selling research but it's good to have people snuffing out bad actors, even if they are doing it to get rich in the process.

[@tomlxyz]

Also could have helped with Wirecard if they didn't disallow it for them

[@LegalAutomation]

That's kind of the whole point of short sellers. Without short sellers the only incentive there is less incentive to expose fraud and scams.

[@georgedoughty-zr3ed]

That is their primary purpose.

[@dhvanitdesai1044]

They do, they did for enron, Lehmann etc, it's the crooks and their media stooges that portray all shortsellers as evil. Shortselling requires an insane amount research and is still very risky.

[@MorrisFilmPhoto]

Thanks 4 a ⭐️⭐️⭐️⭐️⭐️ Great Reportage! Credit Suisse, Retirement, Blackstone!!! TOP Analytical Irony! Your Reportages are Superb! Thanks!!

[@N1WP]

At 87 , and knowing Carl isn't a huge spender on the Billionaire circuit, +- 5 billion isn't going to phase him much out of 18 billion!

[@justaandallofherweirdthing4268]

Sir, your jokes are fire today.... And you are serving them with sucha flair... :D

[@andrewkelley9405]

I love that you compare Dorsey to Rasputin.

[@catriona_drummond]

Hindenburg versus Icahn. Beautiful. I bought some extra nice popcorn.

[@RenegadeRanga]

It will be an awesome show over the next 2 weeks.

[@entropyachieved750]

He has the Ponzi hat on...

[@savagepro9060]

photoshop

[@danielmacedo3260]

Great video! Well done, Patrick.

[@GSuii]

brilliant work sir

[@AL-wv8jx]

Carl should make TikTok’s of himself yelling and shaking his fist at things from his porch

[@williamhoffer9277]

Great presentation!

[@kaymish6178]

Yeah. I was looking at buying into this one before the report came out, but the fees were way too high for my taste, and I was quite suspicious of it. I was still on the fence about it when the report came out.

[@smgri]

I always think of John malkovich when Patrick speaks 😊! I’ll be honest….I don’t understand all of what is being said but the dry sarcasm keeps me coming back ! Love this guy ❤️!!

[@henryD9363]

Yes! I was wondering why he sounded so familiar

[@smgri]

@@henryD9363it’s like the snl imitation 😂

[@ewaldstiglitz9189]

I just Love this very dry and subtle humour... Boyles Videos are sooooo enjoyable

[@JordanVT08]

thanks for the humorous and insightful content. I appreciate your channel.

[@jimbo5910]

Informative and entertaining as always Patrick, was relieved you managed to get one Credit Suisse mention in.

[@wes5977]

I always enjoy your thoughtful analysis of these financial subjects and of course your slow black humour is the topping keep up the good work

[@Allurenzia]

First class dig humor with straight face and easily comprehendable take on a complex matter is awesome!

[@pixyfrog]

"where is credit suisse when you need them?" 😂 made my day!

[@chessdad182]

Oh the humanity!

[@dosgos]

Closed end fund discounts would be an interesting video (series).

[@soup100]

new member here, Patrick. Great info and great sense of humor

[@XaharYoutube]

I think it's about time to reward Hindenburg with special financial award. I don't care whether Hindenburg has ulterior motive or not [of coz it has], but Hindenburg Research really exposed a number of financial scandals that might not be exposed by others due to their complexity.

[@soilcredibility]

Interior motive? Ulterior motive.

[@general010]

They do get a financial reward. That's the point of why they do it.

[@OffGridInvestor]

Nobel peace prize. Hell, they hand those to people who REALLY don't deserve them.

[@porcudracului]

​@@soilcredibility same:)

[@kelleychilton2524]

Not sure if it's an interior motive or an exterior motive, but I'm certain that it's an ulterior motive. But good for them anyway. 🤣😂

[@mamotalemankoe3775]

Insightful, informative and entertaining as ever. Great stuff. Seems Ackman will get the last laugh.

[@cetilly]

Haha!! That fake Bill Ackman tweet “I can’t wait to hear Patrick Boyle’s take on this one”. Funny

[@ajbahlam]

19:17 I can't wait to hear Patrick Boyle's take on this!

[@TWCH]

"Beard enthusiast Jack Dorsey" you are hysterical.

[@willsinclair1604]

Please do a video on the role and risks involved in the FDIC controlling banks or, to what extent does the FDIC have a role in these bank failures?

[@TheMrFishnDucks]

Love to see it. Nice video. Keep up the good work.

[@seankuhn6633]

I would love to hear your thoughts on the Bank of International Settlements and the 65 trillion usd debt in the foriegn exchange credit swap market. Thank you so much for your insight, perspective and humor.

[@ksmith169]

Hi Patrick - Great video as ever. I am surprised Hindenburg or Citron Research have not gone after CRF or CLM (Cornerstone). They have existed for years as CEFs that pay high dividends. The constitutions of their funds are mostly S&P 500 companies with medium/low dividend yields. The dividends are almost 100% paid by new issues of units/shares. Their NAV premium is also high. I managed to make a few Punts, relatively quickly, by shorting 25 Dollar puts in IEP so I am happy enough with the whole IEP debacle. Keep producing the good video content. Did Bill Ackman really tweet out about your take on this?

[@johnpulawski35]

>Did Bill Ackman really tweet out about your take on this? no that was a joke but the response to the report was real

[@conradkoppitz7886]

Perfect way to start the weekend. Thanks Patrick!

[@WilliamRichert-ex8fg]

I like your show and choice of subject matter. If possible I’d like to hear your take on some of the more radical possible solutions to the debt limit ceiling. Such as the minting of the $1 trillion platinum coin or issuance of consol bonds. Thanks and keep up your great work!

[@RemiStardust]

"special profits interest allocations" instead of "fees" !!! This should be illegal!

[@likemysnopp]

anything is legal if you do some word gymnastics so that you arent breaking the law, as long as who ever is reading what youve wrote is understanding what is actually said. I think thats why latin words are still used today.. instead of you know.. easy to understand english words.

[@the_womb_raider4517]

Sounds like compelled speech to me lol

[@davidpotter3777]

Love the handkerchief it brings you in the whole room together! God bless you and your family amen and aloha. P.S. a very good video

[@DS-vx3wf]

first we got to look if Cathie Woods owns it or Jim Cramer suggested buying it. 🤣🤣

[@MrVegaton1]

The best line 😂

[@cbyrne08]

The best financial reporting youtube money can buy

[@sprague49]

I can't watch Patrick's videos without wondering if, through the miracle of cartoon science, Mr. Peabody and Sherman managed to have a love child behind the Wayback Machine.

[@Peter-jh7td]

3:00 @PBoyle You researched this well, but dividends are only payed out in cash if you request it. It‘s opt-in for cash every month so to say. If no answer, it’s payed out in shares.

[@ryanlovell3643]

I laughed so hard when you said it will affect his retirement 😂

[@Kelsdoggy]

Ever So funny! So many subtle ones I miss a few until a few secs later

[@MrSanbonsakura]

10:10 Bag holders reference was 🤌

[@notme222]

Several good laughs but I loved that Twitter screenshot at the end. 😆

[@Vanderpool0312]

Love the way you talk about financial stuff with so many comments full of irony/inside jokes!

[@GT-tj1qg]

This Hindenburg Research guy seems like a force for good

[@fredsmith2277]

i'm not that into finance, but i like listening to this dude ???

[@davoforrest5]

Severly impact his retired. Oh oh bag holder !, Tickle me pink , love it ❤

[@raulbeienheimer]

This guy is superb, I am always waiting his posts 😂❤

[@seiman1111]

I love the added tweet at 19:16 Bill Ackman must be the most famous Boyle groupie

[@pedrofaria3887]

Patrick´s Dry Humor is flawless!

[@AlanTheBeast100]

"unit holders. Not bag holders .... "

[@thomasb7347]

It must suck to be in an industry where any accusation even if it's untrue can chop 5 billion dollars off the company's worth

[@stupidbro2301]

Healthy company does not need to consider its stock value in short term. Actually it is good for a company to have lower price for short time.