Forbes Has a Fraud Problem!

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Patrick Boyle

Patrick Boyle

Күн бұрын

Пікірлер: 4 800
@PBoyle
@PBoyle Жыл бұрын
The first 100 people to use code BOYLE with the link below will get 60% off Incogni: incogni.com/boyle
@mznxbcv12345
@mznxbcv12345 Жыл бұрын
atrick why shillfor the imf in the recent china debt crisis, sure theyre terrible but its simply that the USD being a reserve currency is not good thing . US prints, devalues floated currencies while it itself hardly has any inflation due to reserve status while the rest of the imf loan backed under restructuring deals takes the hit. I actually personally know Martin Shkreli he's a saint compared to IMF and worldbank. They're for profit venture vultures backed by the governments printing the "hard" currencies feeding on carcasses of developing economies after giving loans to elites and putting countries into debt traps charging interest even after receiving multiple folds the initial capital, they refuse to even give interest amnesty, much less a haircut. You cannot default on debts otherwise you get sanctioned back to the stone age so the worldbank/imf always gets its money. Basically how value is added to currency. IMF/Wolrdbank o risk investment, defaulting not allowed. Just look at IMF restructuring deals and what came of them, always disasters for countries receiving "aid". Egypt, Argentina ? Loan dictators for their yachts -> Float currency or no yachts > currency becomes fraction of fixed rate ->short term foreign capital flows in, buys whatever value is left > currency drops 80% after they sell everything after having bought the infrastructure for pennies on the dollar, leaving them paying compounding interest for the next 50 years
@TremereTT
@TremereTT Жыл бұрын
I mean Times made Hitler(1938) and Stalin(1939) persons of the year. How many people did Forbes persons of the year kill?
@wololocute
@wololocute Жыл бұрын
Have you noticed Forbes list doesn't contain East Asian billionaires especially China as doing so is like going against political party which requires you to stay anonymous. Singapore, Vietnam, China, Japan and Korea are one party countries.
@yaakgwa
@yaakgwa Жыл бұрын
@@wololocute south korea actually follows the american neoliberal model a lot more closely than the others, with regularly shifting political parties (the current president is right wing, the previous one was center-left, the two before him were right wing, the one before that was center-left, etc.) which still remain liberal, pro-capitalist in character. this is in sharp contrast from its closest non-nominally communist neighbor japan with its entrenched LDP leadership. i suspect the extremely wealthy rather not have their wealth disclosed to a working-class public for other political reasons.
@wololocute
@wololocute Жыл бұрын
@@yaakgwa South Korea is externally Democratic but Internally it is ruled by Samsung, LG and Daewoo no mater which party government subsidies, legal matters are all handled by them.
@corinnem
@corinnem Жыл бұрын
Forbes 30 under 30 list is like the precursor to the FBI most wanted list.
@Kaitydid74
@Kaitydid74 Жыл бұрын
That’s fantastic
@LoisoPondohva
@LoisoPondohva Жыл бұрын
It's the candidate list
@dkerr6449
@dkerr6449 Жыл бұрын
Yes, it's like the Triple A team from team for the Most Wanted. Good insight!
@chuachua-hj9zd
@chuachua-hj9zd Жыл бұрын
Actual and humorous
@dosman3458
@dosman3458 Жыл бұрын
hahahaha yes
@LambentOrt
@LambentOrt Жыл бұрын
I used to work as a magazine sub-editor and we used to do these 30 under 30 lists. The whole editorial team hated doing it, but marketing forced us to do it for the advertising money... Lol. What we found was that in most cases these successful kids usually came from rich families, and got a huge leg up from their family connections and generational wealth. It was so hard to write around this fact... but we had to, because who wants to read about rich kids pretending to have made it because they put in all the work? 😅
@Jessica_Jessica_Jessica
@Jessica_Jessica_Jessica Жыл бұрын
Me when I lie on the internet
@lifeenjoyer9699
@lifeenjoyer9699 Жыл бұрын
i love the smell of purposely spreading misinformation in the morning
@Nanook128
@Nanook128 Жыл бұрын
​@@lifeenjoyer9699what misinformation?
@Tex_actual
@Tex_actual Жыл бұрын
@@lifeenjoyer9699you don’t have a clue how expensive it is to open a business do you?
@gaerekxenos
@gaerekxenos Жыл бұрын
@@Nanook128 I'd assume the creation of the lists and making it seem like the people built their wealth from the ground up, when they already had a head start compared to most other individuals in the country
@01ai01
@01ai01 Жыл бұрын
Maybe Forbes should maintain a list of notable con artists. Then they can just shift profiles from these lists over to the con artist list. They can award fraud of the year titles, best long con, etc.
@dca24100
@dca24100 Жыл бұрын
I think any list they have would qualify at this point
@jaggillar6680
@jaggillar6680 Жыл бұрын
Yes. This would be helpful for large corporations to use in choosing their board members and CFOs. From there? Politics.
@DJRenee
@DJRenee Жыл бұрын
LoL 🤣🤣
@pierrebegley2746
@pierrebegley2746 Жыл бұрын
To be fair, they're already doing that in every way but by name.
@nidodson
@nidodson Жыл бұрын
Musk would be winning most of those titles for still going without accountability.
@ritzee13
@ritzee13 Жыл бұрын
I had a friend who was put in the local paper and aclaimed for his fast growing business. He became so braggy after that and started preaching his methods to everyone and looking down on us. I later heard that he was arrested for fraud because he lied about how big his client base was to investors and got sued. I feel like Forbes and these articles do nothing but make people desperate for more growth.
@aarontheperson6867
@aarontheperson6867 Жыл бұрын
interesting! i completely agree with that last part for sure. once they have that chance to go big, they don't want to waste it.
@ritzee13
@ritzee13 Жыл бұрын
@@aarontheperson6867 definitely, they start craving that recognition and will do anything to get it again.
@unouni2548
@unouni2548 11 ай бұрын
I feel like they are already doing something shady, and the spotlight that the cover gives them only makes it so that journalists and investigators have them in mind more easily when looking for shady practices in business
@l30n.marin3r0
@l30n.marin3r0 11 ай бұрын
I don't know about you, but what I was always told was: "Make more with less" The only thing that grows non stop is cancer and we all know how that ends, but look at the media, look at school advertising, movies, songs..what is the push? Music is not a expression medium, is a way to get rich and famous for whatever reason. It doesn't matter if you have something to say or a unique outlook of life, just push it out there! Sample some music from youtube, slow it down and put it in the right pitch and get those youtube views! Or you can do your own thing, and you will more than likely get a real fans who really like your stuff and get an actual community going instead of the word representing a shilling tactic but that will take time as everything does. I really like this documentary called Blood Into Wine in which Maynard James Keenan says something like: Nothing comes easy
@MrCobalt
@MrCobalt 9 ай бұрын
Forbes itself feels pretty shady these days. Especially with the clickbait they throw up on KZbin now to pass off as news
@lindanicolex
@lindanicolex Жыл бұрын
We literally just got a Forbes magazine at work for no reason. I told everyone I wanted to read it because I wanted to see who is going to show up this year that was gonna be in prison next year. They thought I was joking, I was dead serious.
@sjg5994
@sjg5994 Жыл бұрын
Omg🤣🤣🤣🤣🤣
@evos469
@evos469 Жыл бұрын
😂😂😂😂😂😂😂😂😂
@niharikamenon-iz8xu
@niharikamenon-iz8xu Жыл бұрын
I mean... Who really cares lol They still makes banks deceiving others, the dumbest ones will be caught while smarter ones escape
@ItsNessaTho
@ItsNessaTho Жыл бұрын
Lmaooo 😂💀
@AhsokaJackson
@AhsokaJackson Жыл бұрын
_cackling_ I like your style. 😂😂 Sometimes the lessons we learn aren't the ones our teachers intended to teach. …And they may indeed be better!
@jip230
@jip230 Жыл бұрын
Isn’t Forbes a “pay for play” magazine and most of the articles are publicity fluff pieces? It makes sense that many of the articles would not age well. The type of people that need to buy good publicity are more likely to be fraudulent
@spicypizza6116
@spicypizza6116 Жыл бұрын
It’s just like Time’s 100 most influential people in the world. It’s been alleged that Harry & Meghan used money from their foundation to pay the fee to appear on the cover as as one of the 100, as well as paying for several of the awards they have recently received. While it’s not surprising that fraudulent people are more likely to buy good publicity, one would expect these magazines and institutions to have more principles.
@dondumitru7093
@dondumitru7093 Жыл бұрын
Forbes is well-placed right in the middle of the "financial news" sector - Forbes doesn't deal in actual financial information, Forbes deals in entertainment and in selling the reader on the illusion that the reader is somehow participating in the glossy world of success that Forbes (artificially) portrays.
@alhollywood6486
@alhollywood6486 Жыл бұрын
They are notorious for pay for play. Malcolm Forbes would be turning in his very expensive grave if he saw what a joke of a brand his namesake has become.
@boldCactuslad
@boldCactuslad Жыл бұрын
What do you mean "a" pay for play magazine? They're all like that...
@jip230
@jip230 Жыл бұрын
@@dondumitru7093 right, it’s an entertainment magazine without any real substance. I’d expect most of their articles to age like rust. I’m in Bay Area and I’ve known some people that were on this list in years past and I’ve personally known these people to be garbage. They’d have to pay someone for that accolade because they’d never earn it on their own merits
@mururoa7024
@mururoa7024 Жыл бұрын
By "zero emmision" Nikola Motor meant the company would emit zero vehicles. Mission accomplished, I'd say.
@arthurtreibs4174
@arthurtreibs4174 Жыл бұрын
@chengong388
@chengong388 Жыл бұрын
If you don’t make any cars, you can’t have any emissions from your cars duh
@cdreid9999
@cdreid9999 Жыл бұрын
you need to look into a career in public relations
@andrewmayo9400
@andrewmayo9400 Жыл бұрын
technically a gravity powered truck doesn't emit any CO2
@AlexanderTheGoodEnough
@AlexanderTheGoodEnough Жыл бұрын
@@cdreid9999 you're god damned right! we just witnessed a new Sultan of Spin.
@Proteus007
@Proteus007 9 ай бұрын
25 years ago my business professor at MBA school used to say, “If you see the photograph of the CEO on the front page of a newspaper or magazine, sell the stock!” And his logic was that the CEO was too busy getting his ego stroked and would eventually result in shareholders losing. So every few years I am reminded of his pithy advice, and am thankful for it.
@mechanicalengineerturbo
@mechanicalengineerturbo 7 ай бұрын
Successful companies with a healthy PE ratio always have faceless execs and founders. If someone knows your company but not you, it should actually be a sign of success and legacy.
@andrewcrowder4958
@andrewcrowder4958 6 ай бұрын
Very true. In Japan, execs are heads-down, running their companies. Very few - the exceptions being Akio Morita and Masayoshi Son - seem interested in becoming figures in the larger culture.
@jonslg240
@jonslg240 6 ай бұрын
Big kudos to his Ronnie & Reggie Kray example on here 😂 that was better than Don Draper and James Grey
@razrv3lc
@razrv3lc 6 ай бұрын
This is probably why everything Elon touches spirals lmao
@gokuformanvsfood
@gokuformanvsfood 6 ай бұрын
Wow gonna live by this, very smart way to avoid a large portion of these Scandal Magent sociopaths
@Casey3-P-O
@Casey3-P-O Жыл бұрын
Personally, I'm proud to say I made the "10 Billion Under 80" list. I've never been more proud of my achievements
@deliocache2528
@deliocache2528 Жыл бұрын
Since it's 10 billion, i am assuming it includes dead people that would be under 80 if they were still alive, so i probably didn't make the list
@Casey3-P-O
@Casey3-P-O Жыл бұрын
@@deliocache2528 oh yea lol maybe I should have said 6 or 8 billion lol
@NotKimiRaikkonen
@NotKimiRaikkonen Жыл бұрын
Congratulations. You're an inspiration to us all.
@Casey3-P-O
@Casey3-P-O Жыл бұрын
@@NotKimiRaikkonen thanks. I do what I can. I'm just living my best life
@thelexicon7294
@thelexicon7294 Жыл бұрын
Looking forward to your thank you speech!
@AJWrenn-kj7mj
@AJWrenn-kj7mj Жыл бұрын
Bless KZbin for allowing Patrick to live out his dream to be a standup comedian without having to do shows or even stand up.
@Christina.N.
@Christina.N. Жыл бұрын
😂
@lim6718
@lim6718 Жыл бұрын
The way he speaks does have some comedian touch! Talking about hilarious fraud facts with that calm tone and slight British accent( not sure about the accent ) made me laugh out loud.
@Jsarmy87124
@Jsarmy87124 Жыл бұрын
What ? I saw this comment a lot I don't get it , someone could explain it to me please
@dudtspeed
@dudtspeed Жыл бұрын
@AJ you're clearly the company clown lol. Good times 😂
@Kraftwerker1
@Kraftwerker1 Жыл бұрын
​@@lim6718Irish!
@Sabrowsky
@Sabrowsky Жыл бұрын
"Amassing a large collection of cigarettes, the cryptocurrencies of prison" It's been a while something made me cackle this loud, good one Patrick
@grahamstrouse1165
@grahamstrouse1165 Жыл бұрын
At least ciggies are real…
@Sabrowsky
@Sabrowsky Жыл бұрын
@@grahamstrouse1165 good point, they're, in fact, more useful than crypto
@ReeRee_Donita
@ReeRee_Donita Жыл бұрын
Read this comment at the exact time he said it😂
@Sg-gs
@Sg-gs Жыл бұрын
I laughed so hard. He says it with a straight face 😂
@ArifRWinandar
@ArifRWinandar Жыл бұрын
People can make cigarettes out of nothing and get people to buy it on the promise that they can sell it for a million times more later?
@kennethone6687
@kennethone6687 10 ай бұрын
Forbes ALWAYS had this problem simply because it's not a real magazine...it's more a paid catalogue.
@gigmaresh8772
@gigmaresh8772 6 ай бұрын
Like "Entrepreneur"
@williamyoung9401
@williamyoung9401 15 күн бұрын
"Oh Carter, you DEVIL!" 😈 "I know! If he's such a bad guy, why is he on a magazine cover?" 🤔
@krombopulos_michael
@krombopulos_michael Жыл бұрын
This makes me think that getting on the Forbes list only mostly happens to people with PR campaigns to get them onto the list. It therefore makes sense that scammers and confidence men would try extra hard to get onto the list for the extra level of visibility and prestige it grants and will seek it out more than honest entrepreneurs
@rixille
@rixille Жыл бұрын
People with connections too. Like SBF, that bastard
@sbfcapnj
@sbfcapnj Жыл бұрын
Yeah this is one of those things where like if you *want* to get on this list, that alone makes you an asshole.
@SupramanRambled
@SupramanRambled Жыл бұрын
As someone who has filled out nomination forms on behalf of "thought leaders" and business executives for Forbes and other publications, I can absolutely attest this is true. There is little to no verification of the actual business metrics, depending instead on superfluous metrics such as media mentions, awards, etc. It's all running on fucking hype.
@OGRE_HATES_NERDS
@OGRE_HATES_NERDS Жыл бұрын
if it isnt just PR then I have no idea what else the purpose of the list could possibly be
@eldenfindley186
@eldenfindley186 Жыл бұрын
Capitalism is based af
@Revolution3030
@Revolution3030 Жыл бұрын
Patrick is a borderline stand-up comedian and I love it. 😂😂😂
@kaseywahl
@kaseywahl Жыл бұрын
An absolute LEGEND of deadpan.
@Revolution3030
@Revolution3030 Жыл бұрын
@@kaseywahl 1000%
@KK-ji1rk
@KK-ji1rk Жыл бұрын
Me too!
@fullmetalpwn
@fullmetalpwn Жыл бұрын
was gonna comment this might be his funniest video lol
@whitetiana3022
@whitetiana3022 Жыл бұрын
he's more of a sit-down comedian.
@stevemarshall6564
@stevemarshall6564 Жыл бұрын
I want to see a new 'under 30 doing over 30' list for all the tech kids that are locked up
@MrDiggityaus
@MrDiggityaus Жыл бұрын
In 10 years, it will be the size of an encyclopaedia
@severussin
@severussin Жыл бұрын
@@MrDiggityaus ChildCraft
@dameneko
@dameneko Жыл бұрын
See "Web3 is Going Great" 😹
@bjojosimpson
@bjojosimpson Жыл бұрын
Those don’t do over 30 in prison.
@thacrypt223
@thacrypt223 Жыл бұрын
🤣🤣🤣🤣🤣🤣🤣
@shawnconway6009
@shawnconway6009 Жыл бұрын
'if you made it onto this list and you're not a junior accountant at an accounting firm, odds are you're going to prison in the next six months or so.' I love that if you delivered this on stage it would be the perfect standup comedy, despite the fact that you're literally just speaking the facts.
@NazriB
@NazriB 11 ай бұрын
Lies again? Fight Pass USD SGD
@Corninthesky
@Corninthesky 10 ай бұрын
Lmfao this would bomb as a stand up joke
@LBlazer169
@LBlazer169 6 ай бұрын
Should probably get out more lol
@MrDayinthepark
@MrDayinthepark Жыл бұрын
Patrick is a sit-down comedian, who makes me laugh out loud many times in every video he makes, with his deadpan delivery and factual analysis.
@theodorehsu5023
@theodorehsu5023 Жыл бұрын
Some wonder if he was Steven Wright for financial folks :P
@PapaCharlie9
@PapaCharlie9 Жыл бұрын
TIL that "sit-down comedy" is an actual thing.
@hoze1235
@hoze1235 Жыл бұрын
Financial bill Murray
@AdalizMColon
@AdalizMColon Жыл бұрын
Same!!
@kimtindall1744
@kimtindall1744 Жыл бұрын
He made me laugh so hard with this video. I love his narration.
@dereklinscott8488
@dereklinscott8488 Жыл бұрын
Considering that the Forbes fortune came from fraud in the first place, this is poetic.
@stephhhie17
@stephhhie17 Жыл бұрын
What was the fraud that they got their money from?
@sjm8510
@sjm8510 Жыл бұрын
@@stephhhie17they made their money trading opium from china.
@friendo6257
@friendo6257 Жыл бұрын
What fraud?
@zarinaromanets7290
@zarinaromanets7290 7 ай бұрын
What's their backstory?
@Calandron1
@Calandron1 Жыл бұрын
"Should have been called Newton, because it's the first gravity powered truck." Patrick you're a killer. 10/10
@maxmeier532
@maxmeier532 Жыл бұрын
Newton famously watched a truck roll down a hill and realized the existence of gravity. We should give Nikola credit for that.
@greebj
@greebj Жыл бұрын
If only Newton had tilted the camera sideways so things could fall uphill. We might have dodged a global climate catastrophe. Thanks a lot "Sir" Isaac
@IamGrimalkin
@IamGrimalkin Жыл бұрын
​@@maxmeier532 Funniliy enough, Galileo probably did come to his law of fall from balls rolling down slopes (not the famous tower of pisa experiment).
@alexnoman1498
@alexnoman1498 Жыл бұрын
6:23
@troodon1096
@troodon1096 Жыл бұрын
To be fair, the truck did produce zero emissions, so it wasn't a complete lie...
@reenakemp9132
@reenakemp9132 11 ай бұрын
Isnt this the same magazine that named Kylie Jenner a "self made" billionaire, even though her parents and sisters were already uber wealthy.
@eneyavorodecky
@eneyavorodecky Ай бұрын
I remember taking this to work and having a laugh with my colleagues about it (we work in finance).
@TheKoentje1994
@TheKoentje1994 2 күн бұрын
Also the same magazine that was SHOCKED when the readers noticed the billion dollar receipt Kylie provided were fakes created by the Jenners right before she reached out to them, and proceeded to have a manic Kylie is the worst op-ed drama era.
@youtubeprofile2070
@youtubeprofile2070 Жыл бұрын
A guy named Harsh Dalal made the Forbes' 30 Under 30 Asia list in 2021. His name was subsequently removed from the list after a tech publication raised questions over several of his lofty claims. The list should be taken to mean "30 douchebags most likely to spend time in jail under 30"
@kathduncan9618
@kathduncan9618 Жыл бұрын
🤣
@chuckbiscuits7569
@chuckbiscuits7569 Жыл бұрын
Or 30 sociopaths who can play finance cheerleaders, oops I meant journalists, like credulous halfwits.
@stephans1990
@stephans1990 Жыл бұрын
I'm still surprised at how easy it can be to fool journalists. I recall this case of a 13 year old boy who managed to convince a New York Times journalist he was a millionaire stock trader. The only tangible thing he showed was that he paid for a 200 dollar dinner. I live on the other side of the world and reputable economic news outlets reported on that story without any questions.
@dianaverano7878
@dianaverano7878 Жыл бұрын
Haha
@grogery1570
@grogery1570 Жыл бұрын
Isn't that a bit harsh? Shouldn't it be "30 douchebags who were so narcissistic they paid to advertise in our magazine"?
@soldiersvejk2053
@soldiersvejk2053 Жыл бұрын
I am from China. One of my classmates from my graduate study program was featured in the Chinese version of “30 most influential under 30”. He was the most obnoxious person in the entire class, constantly bragging about the suspicious awards and fellowships (which all seemed fishy under scrutinizing). Every time it was his turn to a presentation, he would just rant about Googled common knowledge and everyone suffered. He was the not the one who knew the most, or worked the hardest, but definitely the one who would not shut the f*ck up. By the way, he looked like George Constanza from Seinfeld, but not nearly as adorable.
@patienceobongo
@patienceobongo Жыл бұрын
You know he is not European, right?
@soldiersvejk2053
@soldiersvejk2053 Жыл бұрын
@@patienceobongo Yes. I bet you will say the same if you see his picture.
@zurielsss
@zurielsss Жыл бұрын
I bet he is a bright future in Chinese politics and business
@patienceobongo
@patienceobongo Жыл бұрын
@@soldiersvejk2053 and from Isr,ael, same as George Castanza. Israel is in the Middle East, if you need further help.
@soldiersvejk2053
@soldiersvejk2053 Жыл бұрын
@@zurielsss Well, perhaps. But I am glad that some of my classmates that are really good are also doing fine.
@SuperCrabbycrab
@SuperCrabbycrab Жыл бұрын
I'm amazed it took people this long, to see Forbes under 30 is a scam. We had a Forbes under 30 as Creative Director where I worked 7+ years ago. I ended up doing the majority (if not all of the creative work), and him doing literally nothing except writing about the work that's been done (me and the developers work). I quit. Found a new job. I'm now 34 worked my way up to Head Department and strategy in an innovative IT company. That Creative director is now working in a deadend with some blockchain and NFT stuff. Whatever that means. Since working with that guy, any Forbes under 30 is a big red flag to me.
@melody3741
@melody3741 Жыл бұрын
Was creativity even his specialty? Or was he just supposed to direct you guys?
@melody3741
@melody3741 Жыл бұрын
This might sojnd weird but I think you’ll understand what im trying to ask
@NotLordAsshat
@NotLordAsshat Жыл бұрын
Literally the only person on that list I can think of that's just an actually impressive individual is Eric Barone, guy that made Stardew Valley.
@jemm113
@jemm113 Жыл бұрын
Yeah Eric is based af since Stardew Valley was literally all made by him! Even when he got help from a publisher, they only helped with non-game related things like the wiki and website.
@tamarat9735
@tamarat9735 Жыл бұрын
yeah, a lot of these people either became successful by being shady, and/or just putting the most effort into their own PR - taking credit for other people's work, doing aggressive personal branding, dodging difficult questions, and only communicating with journalists for fluff pieces like Forbes 30 under 30, and straight up lying. Forbes falls for it so much, that I think at this point it's not an accident but the whole point of the list.
@KathyBabb
@KathyBabb Жыл бұрын
What I love most about these videos is that Patrick never breaks character. 😂
@brianjones7660
@brianjones7660 Жыл бұрын
He is the Steven Wright of the financial world, if you can remember that name 😅
@bryanwigmore7224
@bryanwigmore7224 Жыл бұрын
It makes you wonder if the smiling version of him on his thumbnails is some kind of deepfake.
@NoScrubZz
@NoScrubZz Жыл бұрын
It’s important to note that you can apply/pitch yourself to end up on the list, which tracks if you consider how narcissistic all these fraudsters are.
@gaerekxenos
@gaerekxenos Жыл бұрын
Actually... that clarifies why there is so much fraud on the list, since the only reason you really want your name on the list yourself is if you are trying to sell yourself. And if you are trying to sell yourself, you haven't actually *made* it yet since people aren't actually all that convinced that what you are trying to sell is actually significant enough to go all-in with investment on Unfortunately, being on that list also means you're now going to be scrutinized deeply and investigated on every level by basically everyone for people to consider whether you're actually worth the investment, compared to being a no-name. So... it's a terrible move unless your record is squeaky clean. LOL. Who'd actually want to volunteer their name for that list to have their entire lives picked apart by investigators hired by investors all over the world? No sane person of course. But these magazine writers need to make a list and don't have the proper time nor resources to do a thorough investigation, so they'll take whatever names were offered up, so all of the self-pitched fraudsters have a considerably higher chance of making the list due to their need for self-promotion
@monus782
@monus782 11 ай бұрын
I’ve read somewhere that CEOs tend to be psychopaths (or rather people who lack empathy are attracted to those positions and are more willing to do anything to get it is my guess) so if that’s the case the list makes sense
@yeskaitlyn8029
@yeskaitlyn8029 11 ай бұрын
why is that narcissistic. being on the list can open doors from you. most people are just jealous of those who make the list
@daverbook
@daverbook 11 ай бұрын
wrong.@@yeskaitlyn8029
@movestattoo4561
@movestattoo4561 11 ай бұрын
@@yeskaitlyn8029most people don’t even know that list exists. Whole operations of Forbes are just for scammers to try and get legitimacy for their scams, so they can tell “appeared on Forbes”.
@AdeleiTeillana
@AdeleiTeillana Жыл бұрын
This is so funny, because I was just at a dinner with one of my law professors telling how excited he had been when he made the list, like it was such an accomplishment. But then he started going back through older lists and realized how many of them had gone to prison and he started having second thoughts about the list and himself, lol.
@barney993
@barney993 Жыл бұрын
​@chicoanferneeconrad7893Saul Goodman.
@jolly2be
@jolly2be Жыл бұрын
@chicoanferneeconrad7893 no one because they are lying
@Donerbrt
@Donerbrt Жыл бұрын
​@chicoanferneeconrad7893his law proffessor
@youngspaghettii
@youngspaghettii Жыл бұрын
Why even lie about this lol. I can guarantee with 100% certainty a professor was not on Forbes 30 under 30 💀 do you even know what Forbes is ?
@AdeleiTeillana
@AdeleiTeillana Жыл бұрын
@@youngspaghettii Oh, you're so showing your stupidity. It must be painful at times to be such an idiot, but then again you probably don't realize you are as lacking in the IQ department as you are. My "professor" is actually a full-time lawyer at a Big Law firm (doubt you know what big law is, look it up.) He also spent a few years running the Medicaid program in NY. He was overseeing my externship, the first time he had ever done so. I go to an Ivy League school, we have plenty of top-ranked lawyers who occasionally teach a class or come in as guest speakers. LOL If you recognize that there's no point in lying about this, then why not try to use the tiniest bit of logic and force your brain to acknowledge that you don't understand everything in life and shouldn't make idiotic assumptions based on what little information you see in a KZbin comment? (And yes, I'm positive you're going to come back and accuse me of lying again, this time about what school I go to, you're definitely predictable like that.)
@ToDreamOfJade
@ToDreamOfJade Жыл бұрын
I did not expect to be crying laughing in the first minute of this very seriously titled video but I'm losing it at "because that's where you thought books were supposed to go"
@b.f.2461
@b.f.2461 Жыл бұрын
Honestly, if I had a garage, my book collection would probably start spreading there. Now I have to prune, and it hurts.
@Back_To_Basics
@Back_To_Basics 11 ай бұрын
Forbes is definitely on to something and did a good job at identifying potential fraudulent individuals with this list. By putting them on the spotlight, policing them is a lot easier. Well done Forbes!
@mrmalio
@mrmalio 9 ай бұрын
yup
@danielschein6845
@danielschein6845 Жыл бұрын
One CEO I used to work for said that you know a company is doomed when they get a private jet or when the CEO gets a private toilet.
@livinghomunculus657
@livinghomunculus657 Жыл бұрын
2 professors at my school have been on the list. One of them performs the most utterly useless research and I do not know why he has been given out so many handouts in his career. The other one got her job and accomplishments so fast because she was put on a fast track from sleeping with and marrying her boss
@bradleystraley6165
@bradleystraley6165 Жыл бұрын
Throw in a couple child molesters, a "Democratic Socialist" or 200, and you've got yourself a modern institution of "higher learning"
@thomasjefferson1111
@thomasjefferson1111 Жыл бұрын
Sounds about right
@ytucharliesierra
@ytucharliesierra Жыл бұрын
By my reasoning it's all a matter of "sales", meaning PR. If you have a talent for pitching your stuff, no matter how senseless and you know how to manipulate people, then you get the handouts. See E. Holmes, etc. There is a pattern there too.
@tech9803
@tech9803 Жыл бұрын
So basically self-promoting bullshit artists and mediocrities like most American 'elites'.
@Transformers217
@Transformers217 Жыл бұрын
That’s hysterical! 😂
@ShaneSideris
@ShaneSideris Жыл бұрын
"Shoe shine boys were the financial KZbinrs of the roaring 20s" is such an incredibly accurate quote. Wow, that's amazing.
@alfredfreedomjones5105
@alfredfreedomjones5105 Жыл бұрын
Explain please
@michaelcanty4940
@michaelcanty4940 Жыл бұрын
It was a common saying after the 29 crash that the lucky ones could say" I got out of the market when I got a stock tip from a shoeshine boy". Variations were cab drivers and waiters.
@sirapple589
@sirapple589 Жыл бұрын
@@michaelcanty4940 I’ve always heard it about barbers.
@alfredfreedomjones5105
@alfredfreedomjones5105 Жыл бұрын
@@michaelcanty4940 I’ve heard “luck of the Irish” which hilarious because that phrase was originally ironic, Ireland historically has had little luck on its side 😂
@michaelcanty4940
@michaelcanty4940 Жыл бұрын
@@alfredfreedomjones5105 Joe was not only "lucky" but astute and more than a little ruthless in his business dealings. In 1960, when John Kennedy ran for president many questioned his higher loyalty to his faith or to the office he sought. But a joke at the time was " I don't fear the Pope, I fear the pop."
@HemlockSky1991
@HemlockSky1991 7 ай бұрын
It’s almost like you can’t get rich without being extremely corrupt.
@mlisaj1111
@mlisaj1111 2 ай бұрын
Hah…funny. But I think many do get wealthy just based off hard work, but run the other way if someone really leans into the “celebrity CEO” thing….they are often a scam.
@deezboyeed6764
@deezboyeed6764 Ай бұрын
Nope nobody gets wealthy off pure hard work, they always have a leg up or lack morals​@mlisaj1111
@Blisscent
@Blisscent Жыл бұрын
Dammit, I knew I wasn’t keeping my books in the right place! I knew it! I said to myself “why keep books near me where I can read them when they should be in a garage where my car can read them?” And I ignored that gut feeling which is clearly what is holding me back from being in jail and disgraced. Ugh. My face isn’t even that punchable, it’s more kickable, I’d never make it in prison. I’ll never be in Forbes!
@privacylock855
@privacylock855 11 ай бұрын
Where do you keep the Lambo?
@travisjohnson6703
@travisjohnson6703 10 ай бұрын
​@@privacylock855The exotic car rental lot. It's loaned to them.
@picketf
@picketf 9 ай бұрын
​@@travisjohnson6703If I ever get stinking rich I would never own luxury cars and homes - it's a pain to maintain perishables like these, that only lose value over time. For the once in a lifetime opportunity to actually drive a Ferrari through Dubai and check in at the Burj-al-arab I'm glad to be able to do that for little change money without seeing the annual insurance bill.
@DamianYoko
@DamianYoko Жыл бұрын
"cigarettes are the cryptocurrency of prison" is a great line
@cdreid9999
@cdreid9999 Жыл бұрын
you can actually smoke cigarettes
@DashAU
@DashAU Жыл бұрын
cigarettes have actual value
@evannibbe9375
@evannibbe9375 Жыл бұрын
@@DashAU Negative value, burning your lungs rather than burning GPU.
@creatrixZBD
@creatrixZBD Жыл бұрын
Several years out-of-date, unfortunately but still funny.
@jmitterii2
@jmitterii2 Жыл бұрын
@@evannibbe9375 They feed an addiction... crypto doesn't feed anything, but scammers bank accounts filling them with real money, while the buyers of the fake money get... well fake worthless jizz gizmo addresses and junk on a torrent file.. hoping one day to sell it their jizz junk to another sucker for real money and more real money than the real money they paid... and hoping to withdraw it from the casinos that wash trade and paint the tape as they own 99.99% of the tradeable fake magical internet torrent file gizmos things... garbage.
@potatogamerfiber
@potatogamerfiber Жыл бұрын
I don't understand how she thought she'd get away with inflating her data value. Did she expect chase to just...accept being scammed? Chase is huge! They can easily afford a lawsuit & if a purchase is made under false pretenses, judges are far more likely to side with the party that was lied to
@tweda4
@tweda4 Жыл бұрын
It's also just pointless. Chase might well have still bought the company even if it had a smaller user base. Inflating the userbase was obviously going to be found out, and obviously she'd lose any money made. I don't understand how someone so stupid could even be running a company in the first place.
@hamsterama
@hamsterama Жыл бұрын
She's no different than a common criminal. Criminals don't think about consequences. They just act impulsively. Criminals don't understand that when their face is caught on camera, or when everyone sees their license plate number, they're going to get caught. This chick was just a bank robber, but with fancier clothes and a college degree. A lot of highly intelligent people are pretty stupid. They might be good at math or memorizing stuff out of a book, but they lack common sense.
@Mavendow
@Mavendow Жыл бұрын
​@@tweda4 No, if her business was smaller, they would've crushed her and taken her clients. While I don't condone her actions, I do understand the pickle she found herself in.
@Foolish188
@Foolish188 Жыл бұрын
A reasonable risk, large financial companies hate being embarrassed and cover up mistakes/frauds all the time. Read the footnotes in their annual reports.
@Mavendow
@Mavendow Жыл бұрын
​@@Foolish188 That's actually a really good point. She went overboard, though, and passed by what they were willing to accept as the cost of doing business.
@swb3248
@swb3248 11 ай бұрын
Patrick, so glad you speak openly on subjects that others would not want you to. Keep up the good work!
@Hossak
@Hossak Жыл бұрын
Patrick's videos are like a slow burning fire of comedy gold. I find myself laughing and chuckling at an increasing level as it goes on until I have to pause it to catch breath and then back in, rinse repeat. Solid gold!
@amp4240
@amp4240 Жыл бұрын
I can't believe that I had to scroll this far to find a comment about how funny Patrick is. This video specifically had me laughing out loud so many times.The deadpan humour... the number of deep cuts... I had tears in my eyes laughing so hard 👍👍
@jacqdanieles
@jacqdanieles Жыл бұрын
I like the closing shot "... the coffee is not going to make itself" 😂
@lademoiselleketoret6958
@lademoiselleketoret6958 Жыл бұрын
He is great.
@naysay02
@naysay02 Жыл бұрын
☝️🤣
@whatdadogdoin7531
@whatdadogdoin7531 Жыл бұрын
No shit man. This is my first video on this channel and I'm amazed how he can say funny jokes with a straight face
@jemmrich
@jemmrich Жыл бұрын
Having been in the startup community, I noticed a lot of this type of stuff. These made up lists only to boost the egos of people that care more about themselves than what they are actually supposedly doing. Being in close proximity to people like this, felt like it was one big circle jerk and it was disgusting seeing people participate in an effort to get recognized. It really made me at another look at how I feel about the startup community and made me avoid any and all types of lists, groups or award type events, heck even networking events where most of the time it was self ego stroking and name dropping.
@anujmchitale
@anujmchitale Жыл бұрын
Is it only the ego? Don't they use this clout to get further loans/ investments?
@MrPaxio
@MrPaxio Жыл бұрын
exactly like mrbeast
@hblee88
@hblee88 Жыл бұрын
It's called "attaboy" mags. Or today's AI Magazine.
@falconeshield
@falconeshield Жыл бұрын
Is everything a community these days
@giga_chad9
@giga_chad9 Жыл бұрын
That’s what all of those awards events are like
@davidsolomon7981
@davidsolomon7981 Жыл бұрын
“The honor of being the only wood nymph to make the list” delivered in a serious tone. Marvelous.
@anthonyreed480
@anthonyreed480 Жыл бұрын
The wood nymph community has gone quiet about it now.
@elegantwalker
@elegantwalker 10 ай бұрын
Why does Forbes still exist?
@KingOfMadCows
@KingOfMadCows Жыл бұрын
Maybe they should change the list to 30 under 30 serving 30.
@putinski666
@putinski666 Жыл бұрын
😂 atleast that would be truthful
@harpsgalore6584
@harpsgalore6584 Жыл бұрын
Good one.
@thebaddoctor1614
@thebaddoctor1614 Жыл бұрын
0:50 the line "who knows, maybe they became successful prisoners" was delivered absolutely perfectly
@Flor-ian
@Flor-ian Жыл бұрын
*"One Criminal and then a bunch of junior bankers who do the coffee run at CS"* had me crying thank you for the video and the laughs Patrick.
@copperdaylight
@copperdaylight Жыл бұрын
He basically said, a crook and a bunch of crooks in suits.
@Flor-ian
@Flor-ian Жыл бұрын
@@copperdaylight *[29 publicists and 1 criminal disliked that]*
@joe3276865536
@joe3276865536 Жыл бұрын
"Trevor Milton the bargain basement Elon Musk.." never fails to get a chuckle. So good.
@ytucharliesierra
@ytucharliesierra 11 ай бұрын
*bargain bin 😉🤣
@jayp_2023
@jayp_2023 Жыл бұрын
Forbes doesn't just have a fraud problem, it has an intelligence problem 😅
@blogdesign7126
@blogdesign7126 Жыл бұрын
Forbes has a cult problem too the VC's are hyping this stuff up too. I remember Coffeezilla did a segment like this years ago where he cited evidence that a legit Business leaders on average do not become successful and profitable until they are in their 40's and 50's.
@iche9373
@iche9373 Жыл бұрын
That’s ableist
@rumfordc
@rumfordc Жыл бұрын
stop defending them. its a fraud problem.
@magnuskallas
@magnuskallas Жыл бұрын
True that. I wrote a comment I'll paste. Not only Forbes... Time has made Putin and Greta people of the year faces. That's low and a warning not to trust gloss-papers.
@jayp_2023
@jayp_2023 Жыл бұрын
@@magnuskallas Money talks, sadly. If you can afford the best PR, even the most heinous of individuals can be perceived as cherubs.
@guydreamr
@guydreamr Жыл бұрын
My understanding is they actually had trouble seating a jury for Shkreli's trial because so many prospective jurors were expressing overt contempt for him. "He looks like a dick," one proposed juror flat-out said in open court, the stenographer taking down every word. That person did not serve.
@Damian_1989
@Damian_1989 Жыл бұрын
"Local man too unlikable to be tried fairly"
@guydreamr
@guydreamr Жыл бұрын
@@Damian_1989 Which is pretty close to being true. Turns out he really was a dick and then some when he contemptuously smirked his way through his subpoenaed hearing before Congress while repeatedly citing the 5th Amendment in between yawns. "Hard to accept these imbeciles represent the people in our government," he tweeted immediately afterwards, as icing on the cake. Just a lovely individual all around.
@kempolar9768
@kempolar9768 Жыл бұрын
@@guydreamr It's always the people that really need friends, who make brand new enemies at every possible opportunity.
@feeldennis
@feeldennis Жыл бұрын
Was hoping you would have an honorary mention on one of our own; Invictus Obi, a Nigerian entrepreneur and a Forbes Africa 30 Under 30 honoree, who has been sentenced to a 10-year jail term
@adaoramadike3543
@adaoramadike3543 Жыл бұрын
I waited for that too, Forbes should not be trusted.
@squelchedotter
@squelchedotter Жыл бұрын
I could not take anyone named Invictus seriously to begin with
@King_Minos64
@King_Minos64 Жыл бұрын
@@squelchedotter His parents must have been such fanatic Romaboos that they didn’t realize they gave him a name that screams supervillain.
@Africafactsguy
@Africafactsguy Жыл бұрын
​@@King_Minos64 His real name is Obinwanne Okeke. Invectus is an alias.
@chrissmith3587
@chrissmith3587 Жыл бұрын
@@Africafactsguyplease say that’s pronounced obiwan
@karimkassam6874
@karimkassam6874 Жыл бұрын
Patrick I'm a new subscriber and I've started binge-watching your content. The content is fascinating because of how coherent, organized, and well-researched it all is, and how smoothly it all comes together. It's compulsively watchable because the dry, sarcastic humour is what I would've used in front of my students in my high school teaching days, and what many of your viewers remember from their days in school. Please keep it up, your personality shines and makes the content so much more interesting!
@satu4387
@satu4387 5 ай бұрын
I have been binge-watching Patrick’s videos too for a week now. Yes for their factual value, but also for their entertainment value. I am not even remotely interested in Finance as a subject, but these videos make the subject so alive😁
@tehnikpaul
@tehnikpaul Жыл бұрын
Suddenly, I feel much better about being unemployed and broke. Thank you, Patrick.
@theultimatereductionist7592
@theultimatereductionist7592 Жыл бұрын
Same!
@HughJass-313
@HughJass-313 Жыл бұрын
@Ethan Cameron 🤣🤣 We'll all be daed one day... so don't be so Hard on yourself ❤❤
@sleepydesigner
@sleepydesigner Жыл бұрын
Hey, you never know, you might able to step up your career as cigarette dealer
@hamsterama
@hamsterama Жыл бұрын
There are "now hiring" signs everywhere! There's no excuse for being unemployed!
@impendio
@impendio Жыл бұрын
Same
@Jacob-jo4px
@Jacob-jo4px Жыл бұрын
I was shortlisted for 30 under 30 in around 2015 I think, aged 21 with a tiny startup and sub £50k yearly revenue. It's funny to look back and think I could have been listed next to some of these names and to be glad I wasn't. At the end of the day, you can advertise in Forbes and say you're Forbes featured. It's a complete gimmick.
@JakeLYT
@JakeLYT Жыл бұрын
Even at £50k ARR you're probably still more qualified than the blokes who paid to get on that list. How's your business doing nowadays?
@VijaySubha1
@VijaySubha1 Жыл бұрын
I was also expecting the Forbes cover story of "self made" billionaire Kylie Jenner and then the retraction on their story saying she forged her numbers. Forbes should changed their company name to forged
@hollystiener16
@hollystiener16 Жыл бұрын
me too. that was ridiculous
@karaoconnoraliasraidra
@karaoconnoraliasraidra Жыл бұрын
It’s interesting when a publication takes someone’s claims at face value, the person is discovered to have lied, and the publication claims, “We were deceived and misled…” That’s because y’all couldn’t be bothered to do your research! You heard someone claim something and just decided, “Good enough for me!”
@CherieButler
@CherieButler Жыл бұрын
Your speech pattern, snarky sarcastic wit and well researched content equates to incredibly informative and entertaining videos. Thanks Patrick!
@piccalillipit9211
@piccalillipit9211 Жыл бұрын
*PATRIC BOYLE IS PROOF* that nothing is boring if you have the right teacher...!!
@Triad72
@Triad72 Жыл бұрын
This is slowly turning into a finance comedy channel, and I'm glad I'm here for it
@scotttaylor3515
@scotttaylor3515 Жыл бұрын
Forbes also listed Enron in their "Top 5 Best American Companies"
@gamerforlife9865
@gamerforlife9865 Жыл бұрын
Clearly they are not being paid off by Enron pr department
@eric743
@eric743 Жыл бұрын
And the name "Enron Field" for the Astros stadium lasted only 2 years 🤣
@lmnisop5516
@lmnisop5516 Жыл бұрын
@@eric743 the Heat still have FTX arena
@Yora21
@Yora21 Жыл бұрын
The question is are they wrong? Or do we just have wrong assumptions about what qualities they value?
@troodon1096
@troodon1096 Жыл бұрын
@@gamerforlife9865 Well, not anymore...
@dementiamaster12
@dementiamaster12 Жыл бұрын
This effect happened to me as well lol. After seeing on the news that a hedge fund had outperformed the market by 15% on the last couple of months, I, like an idiot, moved some of my money there, only to see my wallet “return to mediocrity” the following month. It was actually a 20% loss over 3 months, a hard lesson to learn
@elliesimpson1313
@elliesimpson1313 Жыл бұрын
Boy oh boy. You nailed this issue!!! I was skeptical when I first read about Elizabeth Holmes in Forbes. Shocking lack of due diligence all around.
@ElSantoLuchador
@ElSantoLuchador Жыл бұрын
The first time I heard of Elizabeth Holmes was in the pages of MIT Technology Review. She received an award for being one of the top ten innovators. She duped all of Silicon Valley, the Washington Post, and the NYT. Hindsight is 20/20. Forbes is but one name on a very long list.
@cybercop0083
@cybercop0083 Жыл бұрын
She duped the US government. Everyone loved Theranos
@TheEndKing
@TheEndKing Жыл бұрын
You were probably too busy wrestling to hear of Elizabeth Holmes, that's alright.
@LastWordInSilence
@LastWordInSilence 6 ай бұрын
IMHO, she got all this attention because society and (Wall Street investors) were trying desperately to find The wonder woman of business world , the female inventor, the whizz kid and here she was the female version of Steve job.
@ChimpFromSpace
@ChimpFromSpace 6 ай бұрын
I'm not convinced you're the real El Santo...
@Kai-tn4yx
@Kai-tn4yx 6 ай бұрын
Medical experts always warned it was fake. They should have asked them, instead of "financial investors".
@sudhindrakopalle7071
@sudhindrakopalle7071 Жыл бұрын
This blend of dead pan delivery, the typical British humor and of course, the shining ingredients of the lists themselves is a heady mix. Time for a replay and a drink!
@Padbot1
@Padbot1 Жыл бұрын
Irish.
@tobias5805
@tobias5805 Жыл бұрын
As long founders apply "fake it till you make it" there will be more cases like that. Investors know that in many cases only prototypes back up technology and they accept this (or reversely they don't honour real technology, it's just similarly valuated). So it's somehow a self produced problem.
@robinwells8879
@robinwells8879 Жыл бұрын
I think that psychopathic tendencies are genuinely selected for in the financial sector and the boardroom in general. It’s going to take time for them to realise that this is not as successful a strategy as they think.
@xraceboyex
@xraceboyex Жыл бұрын
I think our entire financial system is based on fraud at the most fundamental levels and no amount of time can possibly solve any aspect of it. Until we have sound money - fraud is the default condition of the majority of business
@marco1173
@marco1173 Жыл бұрын
No doubt. I think it's also driven by greed and some deep seated superiority complex. One thing is for sure, the financial and tech sectors are awash in some of the most loathsome human beings on the planet.
@Hanex94
@Hanex94 Жыл бұрын
I mean, it worked for decades, people are just kinda catching up to their shallow instincts and pretentions by now tho
@robinwells8879
@robinwells8879 Жыл бұрын
@@Hanex94 I think that it is more unfettered now that they are in league with the psychopaths in government.
@rdmvxxxg
@rdmvxxxg Жыл бұрын
we lost standards
@matttran7161
@matttran7161 Жыл бұрын
I'm certain Patrick would have been my absolute favorite professor if I had taken his classes.
@sherirobinson6867
@sherirobinson6867 Жыл бұрын
I'm as broke as broken be. But, I absolutely love this financial channel. Absolutely hilarious and Patrick you're the man! In prisoned it's not cigarettes anymore as most prisons have banned smoking, but now it is ramen noodles. A prisoner in America cannot live without ramen noodles which is the main ingredients in all spreads and snacks in the prison system across the Nation...
@juggalosispatientzero
@juggalosispatientzero Жыл бұрын
Hey you may be broke but look on the bright sidr, you don't owe millions of dollars to investors you defrauded.
@flipina
@flipina Жыл бұрын
I saw the ramen thing in brooklyn99 and thought it was made up!
@weird-guy
@weird-guy Жыл бұрын
Time to go shopping
@oiinahgiiusadurrybrahchuck7209
@oiinahgiiusadurrybrahchuck7209 Жыл бұрын
@@flipina got that picante beef street flavour
@Lumposaurus
@Lumposaurus 5 ай бұрын
What I always find interesting about so many of these scammers is that for many of them, when you ask actual experts in the field, they will often tell you that what they are claiming is impossible. Elizabeth Holmes is a great example. Everyone who knew anything about medical testing was saying that her claims were 100% impossible. Holmes even played it up saying the ridiculous and probably imaginary quote that first they laugh at you...etc. and making fun of the "Alleged experts" and surprisingly the experts were right. So the people who should have known better, actually knew better.
@fudalefu1
@fudalefu1 Жыл бұрын
I freakin love this guy’s dry wit and humor so much. He oozes sarcasm in the driest way possibles. Not only that, but his laugh per minute is so high. Literally every 1-2 lines is another stand up comedy line.
@williambilliam5001
@williambilliam5001 Жыл бұрын
Sir, your delivery of these burns on these 30 under 30 criminals is so deadpan, yet savage, and I'm all here for it! Great video! Edit: aaand that last joke towards the junior bankers is so unbelievably BASED (as the kids say). I've subscribed!
@awijntje14
@awijntje14 Жыл бұрын
Never laughed so much during one video, the sheer amount of burns Patrick is "Boyle-ing" out is just insane, never change my friend!!
@corylaws4285
@corylaws4285 7 күн бұрын
😂
@ChimpFromSpace
@ChimpFromSpace 6 ай бұрын
In a sane world, this would be where people stop taking forbes seriously.
@mafiousbj
@mafiousbj Жыл бұрын
Where I live the Forbes magazine in Spanish ran a series of ads for a Travel Agency offering insanely low prices which ended up being a pyramid scheme which paid old passenger tickets with the new money coming in from the word of mouth. Even if nobody had actually travelled with them because they offered packages 2-3 years in advance of the supossed trip date, many people mentioned the ads and articles/interviews with the CEO of the agency published in Forbes as key trust building pieces. Of course now that the travel agency suddenly declared bankruptcy and the CEO disappeared, some people are trying to sue Forbes for false advertisement but so far nothing seems to come out of it.
@kempolar9768
@kempolar9768 Жыл бұрын
Wait people fell for a scam where they paid upfront for a trip in 2-3 years?? Ok yeah most scams I can see where people who are naive and trusting fall for them, but in this case I think it truly is pure stupidity on mass.
@royalroyal2210
@royalroyal2210 Жыл бұрын
​@@kempolar9768 white people, especially older ones, are a naive bunch.. not so surprised they fell for blatant scams. For F sake old white people even fell for the scams done by Indian call center! Like, how???
@actuallynotsteve
@actuallynotsteve Жыл бұрын
I just got laid off by a company where the guru CEO paid to be presented with his own words in Forbes and told anybody he was in it that would listen. Complete sham. What's funny is that my brother in law was actually featured in the legit 30 under 30 a couple years back. Not only did he not pay, they fly you out to a convention in the Caribbean yearly for a convention. You can be in Forbes and Fast Inc for not a huge fee. The fastest growing companies list is entirely made up of only the companies that pay to be in it, and use self reported revenue. It's why all these bullshit KZbin fake gurus that either don't do what they teach, or are currently failing at doing it, are everywhere with those badges. Never, ever pay for information unless it comes with proof of its success you can independently verify and get direct teaching by an expert.
@Ofelas1
@Ofelas1 Жыл бұрын
Forbes 30 under 30, many have next to no meaningful experience, so many start ups gone south
@moalboris239
@moalboris239 Жыл бұрын
Honestly I think you don't need a paper expert. I've seen plenty of cases of some guy whose spent decades doing a niche and being very good at it without having paper work saying they are a expert at it. But other than that this is correct. If someone has the magic formula to success why would they sell it? When they could instead keep the secret and make bank for years off of it instead.
@blogdesign7126
@blogdesign7126 Жыл бұрын
True too and in some cases in some industries to be a good leader in the industry like Biotech and Pharmaceutial company you have to be in your 50's to earn a best leader in the industry for that . Yes in Biotech and Pharmaceutical industry you have to get an MD and PhD in the process and not a college dropout in those cases.
@HarveyDangerLurker
@HarveyDangerLurker Жыл бұрын
WeWork?
@blogdesign7126
@blogdesign7126 Жыл бұрын
the CEO is Tai Lopez.
@whoeveruwantittobe
@whoeveruwantittobe Жыл бұрын
The joke about cigarettes being the new crypto and the Newton being the first gravity powered truck had me reeling.
@danparish1344
@danparish1344 Жыл бұрын
The magazine cover analysis is interesting. I’d be willing to bet that these sociopaths strategically lobby to be on the cover to help legitimize their scams and keep them running for a bit longer.
@nineteenfortyeight
@nineteenfortyeight Ай бұрын
They buy a spot
@tempbauer2131
@tempbauer2131 Жыл бұрын
When Kylie Jenner was crowned as a billionaire, I immediately was thinking that that cant be true, that it didn’t make sense to me. From there, I started to think about a few names of people that seemed to crash & burn after being in Forbes. Then I actually did just a bit of research that confirmed what I thought. This didn’t happen within a few hours of that Forbes cover or even over a couple weeks. I don’t spend much time and energy on people that don’t affect my life. After Kylie cover, I probably overheard someone talking or the cover of a magazine got my attention for few seconds, it would’ve been something that I didn’t even fully register that I had noticed. That’s when some others named in Forbes that probably shouldn’t have been wldv popped in my brain. That would happen once more to make me look it up. Probably 10 to 12, maybe 16 to 18 months from start to finish
@la6136
@la6136 Жыл бұрын
When Kylie came out with that self made billionaire nonsense I rolled my eyes so hard. Nothing about that girl is self made. Then it came out that the billionaire status was a lie crafted by none other than Kris Jenner too. Shocker.
@thethinkingmansgame5050
@thethinkingmansgame5050 Жыл бұрын
Thank you for mentioning that .. I basically stopped looking at forbes after that..they lost all credibility
@vero2192
@vero2192 Жыл бұрын
Kylie being a billionaire was 100% a PR move. If you actually read the Forbes article, THIS is what they use to justify her being a billionaire: "Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million." And they say with her other assets, that makes her a billionaire which like? Apparently her house is worth $36 million, so you're telling me she has other assets that aren't property that total at least $64 million? Also, they estimated her company to be worth 900 million, because she made an ESTIMATED REVENUE (not profit, big difference) of $360 million in one year.... when in reality, that was by far the biggest year for Kylie Cosmetics, and its sales have been declining every year. Thankfully she managed to scam Coty into WAY overpaying for shares in her company, so now she might actually be a billionaire
@auliamate
@auliamate Жыл бұрын
@@la6136 giving a new meaning to "YOU GOT KRISSED"
@kleanish
@kleanish Жыл бұрын
@@vero2192 that’s called stock valuation bro
@chillin5703
@chillin5703 Жыл бұрын
Turns out that making a list solely dedicated to people who very quickly amassed great amounts of wealth (as you kind of have to be, to make the list), often times in "cutting edge" fields, means that those who have promoted untested and unverified technologies might get undue attention
@pansepot1490
@pansepot1490 Жыл бұрын
It means that it’s easier making tons of money with fraud than with hard work.
@troodon1096
@troodon1096 Жыл бұрын
@@pansepot1490 True, hard work is harder, that's why it's called "hard" work, but you tend to get to keep most of the money you make that way and also are a lot less likely to end up in prison. Got to think of the long term.
@franciscodanconia4324
@franciscodanconia4324 Жыл бұрын
I used to work for a company that, in addition to other things, published a self help magazine. They regularly had profiles of successful people in it. There was a period of time where a string of the people profiled were arrested, bankrupt or thrown out of their own companies by the time the magazine was published. For example it published a profile of Travis Kalanick right as he was tossed out of Uber. Same thing with GirlBoss Sophia Amaruso. I found it humorous at the time.
@BleedForTheWorld
@BleedForTheWorld Жыл бұрын
"Girl boss" is peak neoliberal feminism. It carries all the same amount of corrupted exploitation of people under the guise of true female empowerment and equality for all.
@skycloud4802
@skycloud4802 Жыл бұрын
I often find that about self help books as well. Even the writers themselves were drop outs and bums, or "hopeless romantics" that finally "made it". Many financial success coaches only got rich once they began writing and selling self help articles and doing coaching mentoring programs. "Entrepreneurs" buying Chinese crap on Wish and reselling via Amazon. Pick up artists that "lead great rewarding love lives" by harassing women on the streets and won't take no for answer. "Miserable" and "depressed" people that got better by some spiritual BS discovery or life hack. Getting rich by "thinking rich". Gorilla mindset. All just scammers promoting themselves and their fluff advice.
@chubbymoth5810
@chubbymoth5810 Жыл бұрын
Was it a list of people that help themselves?
@cptrelentless80085
@cptrelentless80085 Жыл бұрын
I got one of those bullshit books about successful personality traits given to me for free, on the advice of it being excellent. It was full of Enron employees and talked about how successful it was, and I should model myself on them. Weirdly this was just after they went bust.
@chuckbiscuits7569
@chuckbiscuits7569 Жыл бұрын
Cripes help you do what? Become a sociopath?
@basic_chain
@basic_chain Жыл бұрын
I stumbled upon this channel from a random recommendation (probably FTX coverage), and I have to say you have the funniest delivery with your lines while still being super informative. Instant subscribe ❤
@ACrownofFlowers
@ACrownofFlowers Жыл бұрын
I don't understand how this man managed to keep a straight face through all of that. 😂
@JohannRosario1
@JohannRosario1 9 ай бұрын
Aaron Sorkin would simply call it GOOD WRITING.
@ACrownofFlowers
@ACrownofFlowers 9 ай бұрын
@@JohannRosario1 hahaha. True.
@michaelbelcher7942
@michaelbelcher7942 Жыл бұрын
I think this is a universal problem in the media. When outlets/journalists try to comment on sectors they don't fully understand, they end up making big claims which usually just highlight their own ignorance on the issue.
@phuturephunk
@phuturephunk Жыл бұрын
Forbes does fully understand these sectors though. They just don't care. VC and, to a bigger extent, the general disposition of capitalism is just hype to generate transactions. All of these people did this. It was through malfeasance, yeah, but it still did what it was supposed to do.
@kempolar9768
@kempolar9768 Жыл бұрын
@@phuturephunk I would give it a half and half ratio, half of the time they know what they are doing and its on purpose, the other half they think they know what they're doing but its actually incompetence.
@botesz20
@botesz20 Жыл бұрын
​@@phuturephunkVC is many times just a "greater fool" scheme where everyone plays hot potato with Forbes cover story startups
@Anankin12
@Anankin12 Жыл бұрын
So... Always?
@Myllkka
@Myllkka Жыл бұрын
Are you related to Bob Belcher?
@Aster_Risk
@Aster_Risk Жыл бұрын
That wood nymph joke caught me so off guard. I had no idea she was part of our community, so clearly you're right!
@redrust3
@redrust3 Жыл бұрын
Stanford University has a similar problem. Elizabeth Holmes is a former student and Sam Bankman Fried was born on campus to parents who taught at Stanford Law School. (His mom taught ethics.)
@ronskancke1489
@ronskancke1489 10 ай бұрын
His mom teaching ethics is incredibly ironic. Wasnt his father in financial management? I sure hope they are evicted from any properties sam bought them with other people's money.
@HenryTitor
@HenryTitor Жыл бұрын
Forbes is like the Nobel Peace Prize of the financial world
@Chris-ci8vs
@Chris-ci8vs Жыл бұрын
*Nobel Peace Prize. The science Nobels and some of the literature ones are legit.
@we8608
@we8608 Жыл бұрын
No. It really isn't. It's more like white America's rep sheet.
@theordinarychannel9334
@theordinarychannel9334 Жыл бұрын
@@Chris-ci8vs Henry is referring to the background of how & why Alfred Nobel started the prize ,you know after making it possible to blow shit up.
@juanchoresultay2704
@juanchoresultay2704 Жыл бұрын
Exactly 😂
@rasputin2k851
@rasputin2k851 Жыл бұрын
​@@Chris-ci8vs no literature is legit. It's make-believe stuff about nothing.
@EVANGELOSS54
@EVANGELOSS54 Жыл бұрын
Patrick provides the most ingenious, informative, sarcastic and enjoyable content ! Who would have thought , it could be possible to make finance related topics such a treat to watch !
@theodorehsu5023
@theodorehsu5023 Жыл бұрын
He brings a European snark to his videos, and flavors them with irony and wit. I enjoy them quite a bit.
@Desmaad
@Desmaad Жыл бұрын
Should blink and modulate more, methinks.
@patricksweetman3285
@patricksweetman3285 Жыл бұрын
Agreed.
@kennyG7747
@kennyG7747 Жыл бұрын
😊😊😊😊
@Miata822
@Miata822 Жыл бұрын
"Shoeshine boys were the Finance KZbinrs of the Roaring '20s." Almost fell out of my chair. Deadpan glory in its delivery. @Patrick, you missed your calling in stand-up.
@eddenoy321
@eddenoy321 Жыл бұрын
That was a great one, I agree.
@q-chan4764
@q-chan4764 Жыл бұрын
I almost spit out my food😂😂😂
@michaelbraun9750
@michaelbraun9750 Жыл бұрын
​@@q-chan4764 major mistake on your end, mate, never eat or drink while watching him. 😅
@alexnoman1498
@alexnoman1498 Жыл бұрын
11:20
@troodon1096
@troodon1096 Жыл бұрын
I prefer to phrase it as finance KZbinrs are the shoeshine boys of the 2020's.
@maryermi
@maryermi Жыл бұрын
You would think that this dead pan narrator would be boring but, instead, the delivery of the knowledge is both unique and informative. Well done!
@Mrphilipe1997
@Mrphilipe1997 Жыл бұрын
I love this man, he so so unforgivingly funny
@jnesis555
@jnesis555 Жыл бұрын
I knew a 30 Under 30 once. They were just really good at networking. Their companies never really made it and found it difficult to find investment funding for over 5 years. I stopped working with them because no amount of mentorship or support could help their failed vision.
@emperormegaman3856
@emperormegaman3856 Жыл бұрын
Because of your profile Pic I just pictured Mr.Big getting fed up with a young and overambitious Geese Howard.
@Elenrai
@Elenrai 9 ай бұрын
I can only imagine, I was so close to being one of those types except...my idea might have been feasible when I had it, but by the time I had become ready to push forward with the idea, Bluetooth technology became widespread enough that my core idea became worthless, functionally id argue it was worthwhile but....people sadly do not consume shit with common sense and logic...its more of a haphazard drunken stumble
@operandexpanse
@operandexpanse 9 ай бұрын
Sounds like a 30 under 30 I knew who was a childhood and family friend.
@KingSlimjeezy
@KingSlimjeezy Жыл бұрын
There was a big story out of St Louis in the early 2010s that one of the 30s under 30 convinced the East St Louis council to manage their pension fund. He actually carried a copy of the magizine and whipped it out anyone questioned him. He’s also in jail now lol
@zimriel
@zimriel Жыл бұрын
Shades of Newark. Their mayor and city council signed a deal with Kailasa, Hindu nation off the coast of Peru. ... Yeah.
@monicamacarthur5660
@monicamacarthur5660 Жыл бұрын
I enjoyed this segment very much. How you can be so straight faced and hilarious at the same time is a real gift. All o can say is keep these segments coming. Cheers. Monica
@nedcurfman3486
@nedcurfman3486 Жыл бұрын
So deadpan I do a double take every time you slip a joke in. Your delivery walks the fine line between the cadence of a technical how-to video and satirical news.
@mrwednesdaynight
@mrwednesdaynight Жыл бұрын
I guess I don't feel so bad being a penniless store clerk at the age of 43. Likely my peers who were the 30 under 30 are all behind bars.
@weird-guy
@weird-guy Жыл бұрын
30 under 30 school mates edition 😂
@deang5622
@deang5622 Жыл бұрын
So you're flat broke at 43 years old and on minimum wage and you're happy that your are doing better than your school mates. Minimum wage at 43. That's not something to be proud of. That tells me that from the age of presumably 16 when you left school to 43, a period of 27 years you have done nothing to increase your education and get some qualifications? Seriously? No education in 27 years? Why do you think that is?
@kamarulariffin3093
@kamarulariffin3093 Жыл бұрын
@@deang5622 why do you care?
@mrwednesdaynight
@mrwednesdaynight Жыл бұрын
@Dean G I have two college degrees. And I did graduate high school. I just don't have 3 to 5 years of experience in anything other than minimum wage jobs. Maybe someday I'll find the place that gives people 3 to 5 years of experience and I can get a meaningful job. But at least I'm not in prison like the 30 under 30 from when I was under 30. And I'm absolutely dead serious. Any job I have applied for in that last 20 plus years that could even vaguely be considered a career I have been denied because I don't have experience even though I have education. That $180,000 in student loans was a really bad idea.
@deang5622
@deang5622 Жыл бұрын
@@mrwednesdaynightWhat were your degrees in?
@markcarey67
@markcarey67 Жыл бұрын
The delivery of this whole video is gold....."are they electric self driving pencils?"
@tookitogo
@tookitogo Жыл бұрын
I think he said “self-writing pencils”! :D
@Seriouspatt
@Seriouspatt Жыл бұрын
Let's not knock Forbes too hard. It has a knack for spotlighting the most unscrupulous, mendacious characters long before their inevitable tumble from their ill-gotten pedestals. It's like a sneak peek into the hall of fallen fame. We wouldn’t want to miss that, would we?
@academictrailers3010
@academictrailers3010 Жыл бұрын
This is defo one of Patrick's best. Had me laughing my ass off. So good. Wish I could sit down with him and have a beer and talk financial crime. Cheers mate and greetings from Australia.
@sigmundfreud7903
@sigmundfreud7903 Жыл бұрын
I’m keeping my Theranos, and SBF covers as a stark reminder of how even respected outlets can get it so wrong.
@samsonsoturian6013
@samsonsoturian6013 Жыл бұрын
"Respected."
@SupramanRambled
@SupramanRambled Жыл бұрын
You forgot to add lol, Sam. Lmao, even.
@batrachian149
@batrachian149 Жыл бұрын
And yet you are subbed to Sargon.
@putinski666
@putinski666 Жыл бұрын
It's a fucking media outlet. Do you think they give a shit about truth or research?
@greebj
@greebj Жыл бұрын
Keep them as a reminder of how wrong the concept of "Respected" can be
@vaibhav0251
@vaibhav0251 Жыл бұрын
Boyle is the most hilarious KZbinr in finance.
@PapaCharlie9
@PapaCharlie9 Жыл бұрын
Well, if you include unintentionally funny, it's a closer race.
@FLancer218
@FLancer218 Жыл бұрын
How dare you he's a very serious man making serious videos he said so himself
@J.C...
@J.C... 11 ай бұрын
It should have been obvious Nikola would fail. They can't even design or build a truck properly. They couldn't even get the back half of the truck to be the proper height. Look at how the the trailer is angled and the front of it is higher than the top of the truck. The trailer attachment point should be 8-12 inches(like 20-30 cm) lower.
@SnowofLight
@SnowofLight Жыл бұрын
Sometimes a video really can be art. I remember a time where I looked at that list, and wondering what was so wrong with me that I was no where near making that list or a similar achievement and I had wasted my entire life before the age of 25. Now I realize that I should have just lied harder, and more aggressively.
@vectoralphaSec
@vectoralphaSec Жыл бұрын
Yeah but then you would have gone to prison.
@hillbilly4895
@hillbilly4895 Жыл бұрын
"Making finance entertaining month after month is really hard" ~ Forbes "Hold my pint..." ~ Patrick Boyle
@Musamecanica
@Musamecanica Жыл бұрын
what I really want to know is how many dropped out of college. I think the "college dropout myth" is in part responsible for this state of affairs. They made it look like any stoner with an idea for a service could just drop off and make billions, no tech background necessary, or any kind of background really. Once they are at the top with VC's filling their mouth with cash, then it's kinda too late to go back.
@appalachiabrauchfrau
@appalachiabrauchfrau Жыл бұрын
They're all basically that one loser ex boyfriend many of us have had, the one who said he was going to make it big because he's an "idea guy" and you'll be sorry for breaking up with him when his automatic spinning pasta fork makes him a billionaire.
@Meitti
@Meitti Жыл бұрын
Blue Collars can definitely be innovators but often it requires decades of experience in the field they're working on. Example finnish Firefighter who after 20 years of experience created a new kind of sprinkler staff that gets attached to the tip of the water hose, his patented invention is now spreading across european fire departments.
@himoffthequakeroatbox4320
@himoffthequakeroatbox4320 Жыл бұрын
Check out how many of these dropout successes have wealthy parents. It's more than one. Even if they fail, they get a second go.
@sblijheid
@sblijheid Жыл бұрын
@Appalachia Brauchfrau You clearly dated some interesting guys.
@kellya1274
@kellya1274 Жыл бұрын
​@@appalachiabrauchfrau hahahaha why is this so specific?
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