How High Are Private Equity Returns?

[@PBoyle]

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[@scholarlyreader383]

This the only un-borring video listed. On months.

[@directorchris2]

Patrick I m in greece Where should I Invest? Can you manage my metallica type material?

[@sznikers]

Did i see right and Patrick is a pc keyboard snob ? ; )

[@davidkess3750]

Your data points to over a million subscribers this year or next. Keep winning 🎉🎉

[@ChilleDINJerseY]

I’ve had one for years

[@leandervr]

"Is Tony Robbins Right About Private Equity?" I don't know what's he's said about it, but I'm pretty sure the answer is going to be: "No."

[@bipolarminddroppings]

I can't remember the name of the "law" but there's a rule in media that if a headline asks a question, the answer is almost always no.

[@JacobAlbano]

@@bipolarminddroppings Betteridge's law of headlines strikes again

[@justfmax]

The guy has been an inane grifter his whole life.

[@yes3858]

I watch Tony for motivation, not advice, and he's done nothing but bless my life. Lots of people like this, use them for inspiration to learn and make your own decisions

[@wikwayer]

The guy is snake oil seller

[@vsolyomi]

If Patrick uses a standing desk, does he qualify as a stand-up economist?

[@wobblyboost]

🥁🔔

[@duancoviero9759]

HA

[@alexg3348]

😂😂🤣🤣😂😂

[@zurielsss]

Stand up rapper

[@rtzx12570]

I am not qualified to judge on Patrick being a stand up economist but he more than qualifies as a stand up bloke who helps me understand subjects that often confuse me and are obscured from simplicity

[@jansenart0]

The last thing a wealthy man wants is competition. If someone "rich" is selling you a plan to become rich, be assured that he's the one he's trying to make rich.

[@toomanyaccounts]

if there is some trick no one wants it to become known since the trick will vanish by law.

[@BilalKhan-yg9jc]

It's the oldest grifter trick. Buy a load of something and if you're smart, pay someone else to hype it up. All the while act as if you have no intention of selling, to pump the speculative bubble to the max. If you're dealing with public stocks, make a cartel of some of the biggest investors and keep cornering individual stocks.

[@jacqdanieles]

Trump University RIP 🪦

[@PsRohrbaugh]

It's pretty simple. Work hard, be frugal. Beyond that, give up your morals.

[@KNByam]

Exactly. I always asked the question, if you have a secret to make money easy, would you tell anyone? Of course not.

[@jamesodell3064]

Why does CNBC always seem to have people like Tony Robbins, Sam Bankman-Fried and Elizabeth Holms but never has people like Patrick Boyle or Richard Coffin (The Plain Bagel). CNBC is getting as bad as Fortune's 30 under 30.

[@theairstig9164]

Because the truth doesn’t result in profit for CNBC

[@One-Two_swift-kickbox]

Scammers make them more money 🤑

[@zurielsss]

CNBC is not a news channel, it’s a marketing channel - pay to play. Actually most of them are marketing channels

[@WildFungus]

@@zurielsss Amen

[@elora2525]

Easy both Patrick and Richard are extremely boring they will reduce ratings

[@yokothespacewhale]

“The game is indeed rigged but here’s the secret, now available to all for the low low price of…” Hasn’t robins always been like this?

[@MJ-rl7pj]

Yes

[@daszieher]

The thing is, the game is rigged and even if you know all the secrets, you can't benefit, if you're just a regular Joe. There are funds which outperform more accessible funds and they have an entry investment of 0.5M per slot. There are day traders, who will trade for you with your money and take a cut, but you have to let them play with big bucks. There are people, who will twist legislation, so that your worthless acres in the desert get connected to the city with a four-lane expressway and suddenly you have gated communities to sell. I've seen people move in position and make a f*ck-ton of money, just because they already had some to begin with. These idiots like Robbins just scrape the bottom of the barrel and sell worthless standard knowledge to hairdressers and fitness club clerks.

[@UlshaRS]

☝️ what they said

[@Rock_Appreciator]

Yup, he's a lifelong grifter

[@the_newt_nest]

Well at least he's not screaming at victims of domestic abuse this time. Just being a waste of money.

[@donfolstar]

Is Tony Robbins right about- No. The answer is no.

[@thunderb00m]

Great value Jordan belfort or vice versa

[@cougar2013]

That’s a ridiculous way of thinking, even if true 😂

[@robymaru03]

Guys like him tell you the Sun will rise in the east and surprisingly enough, that day it rise from the west.

[@cougar2013]

@@robymaru03 3/10

[@deltasaves]

He falls into the category of "a busted clock is right twice a day" and that's all the further it goes.

[@mariussavatier4155]

Private equity makes investors feel secure because they don't observe the market value of their portfolio in real time. Another way to achieve the same feeling of security: invest in listed companies, but avoid looking at the value of the portfolio for 10 years.

[@watamatafoyu]

What's worse, private equity is buying up industries and turning them into shit holes. Affordable housing and effective health care are the most blatant victims.

[@VenomFirework]

Yesterday, I bought 3 things: 1. Statistics for the trading floor 2. A mousepad 3. A flexispot desk Today, the author of the book i bought yesterday is advertising the desk i bought yesterday. I am living in a simulation.

[@cajunguy6502]

Not even an open world sim at that, sounds like they got you on rails 😂

[@siffoine]

Sounds more like you are living in a social media bubble

[@cajunguy6502]

@@siffoine which, when you think about it and squint a little, is a type of simulated reality.

[@iknklst]

I hate to tell you this, but you are nothing but a self-aware AI trapped in this reality along with the rest of us meatpersons. Welcome To Hell.

[@mfranssens]

What happened to the mousemat?

[@lg169]

Robbins is taking scamming and grifting up to a new level!!!

[@dlslythgoe666]

Only thing seemed to miss were the AI and crypto buzz words. He still has much to learn from the master of the scam, Trump.

[@AlexanderTheGoodEnough]

@@dlslythgoe666 Trump is only the master of "selling the brand". kinda why the dude will make way more from cashing out of DJT (formerly DWAC) than he's ever made from his own ventures. Remember Trump University? the guy had little to nothing to do with it besides licensing the brand for clout and making a few half-assed videos. same as robins. its all about leveraging a brand.

[@shacktime]

Motivational speaking is just a more evolved and eloquent iteration of televangelism. “No one ever went broke underestimating the intelligence of the American public.”

[@lg169]

@@dlslythgoe666 LOL!!! he is living rent free in your head. TDS???

[@daszieher]

​@@lg169what he doesn't get: Trump is actually the more relatable scam artist, because he does it for himself. Word salad? Not so much.

[@Cheezz_Montgomery_Burns]

I know someone who spent several thousands of dollar to attend one of his self-improvement seminars and laughed when I saw the course material.

[@AlexanderTheGoodEnough]

ouch, I do not. I just know people who have made their own money their own way and would never bother with a guy like Tony. In fact, he's a pariah in my circles.

[@gibbogle]

The gullibility of people never ceases to amaze.

[@Cheezz_Montgomery_Burns]

@@AlexanderTheGoodEnough he's right up there with Dan Pena, Dan Lok, Thai Lopez and Robert Kiyosaki.

[@sunwm2003]

I hope it’s his change money. Or it would hurt too much.

[@deltasaves]

​@@sunwm2003 people are known to take loans out or max out credit cards to attend. It's very cult like

[@mrrolandlawrence]

I first saw this guy (Tony) at some MLM event my friend had signed up too. Id trust him about as much as the "rich dad poor you" guy who loves to be on TV. Indeed previous performance does not guarantee future success. That fact is handily swept under the rug.

[@theephemeralglade1935]

These umm, "men", got rich by selling BS seminars on how to get rich, lol. It is a legal con, plain & simple.

[@WildFungus]

more like '2 billion dollars in debt Dad Poor Dad' amirite?

[@Tasteslikethecolor9]

Rich Dad Poor Dad is a horrible book. Yet so many celebrities and people of note endorsed that book. To the point it will never really go away. There’s a really awesome Podcast about. The podcast is: If Books Could Kill. It’s one of their first ones. They definitely get stuff wrong in their other episodes, but that one was especially wonderful. His entire book can be summarized like this: don’t buy things you don’t need and invest that money into the stocks or something that yields more money. The rest is just made up stories about a fictional neighbor he creates to tell this story. Rather than giving his father any credit, he just shits on him for simply raising him and not teaching him how to be a millionaire. Where rich dad is fake poor dad is his actual father. Who likely taught he all of this stuff but was too “harsh”. In return he gets a story about a fictional character who is meant to contrast everything about his father. Which is the ultimate fuck you in my opinion.

[@mrrolandlawrence]

@@Tasteslikethecolor9 100%. Its heartbreaking to read about people who went to his expensive "workshops", applied his strategy and then go totally bankrupt - breaking up families and causing associated mental health issues that last a lifetime.

[@Deppel57]

@@Tasteslikethecolor9 I read it about 22 years ago and found it insightful. People do all the wrong things when they try to get rich and the cashflow quadrant ? I've always been self reliant and have passive income too, that's my take on it. I trade index options and that is what works

[@mikebaker2436]

Could anyone who sends you Tony Robbins videos be rightly called "a friend of mine"?

[@adamofblastworks1517]

"Hey, check out this bozo. Lmao."

[@Double512]

you know what they say, keep friends close and enemies closer

[@deltasaves]

The closer you are to danger, the further you are from harm...? Could this apply?

[@MrBigCookieCrumble]

@@deltasaves "That doesnt make much sense to me, but then again.. you are very small!"

[@detritic]

beat me to it

[@RiderZoneCC]

High fees, stuck money, imaginary returns? Where do I sign.

[@wobblyboost]

The take-away point is that private equity finance is just gambling, but the chips you're holding may not be be able to be cashed in anytime soon and they may well vapourise before you get them to the cashier.

[@prewi9439]

When private investors want to let public investors in, it is because private money wants to get out.

[@victorespino5650]

​@prewi9439 that could be true. But that's how the stock market come to be in general. Prior, only companies were selling amd buying stock, then it became open to the general public.

[@jburron]

There are some private businesses that make a ton of money - but these are not the companies that end up getting purchased by PE because they don’t need the money.

[@imranhussainfca]

Patrick's style of roasting has a style of its own

[@One-Two_swift-kickbox]

Dry humour

[@brucetownsend691]

A basic rule of investing is that you never believe anyone who tells you that they are offering a high rate of return with low risk.

[@byDsign]

💡💡💡

[@watamatafoyu]

Sounds like insider trading. Pelosi stock

[@jonas000111]

Robbins makes a lot of money with PE, he is also a scammer in my book so who cares.

[@samsonsoturian6013]

No, he makes money by selling motivational books and investing other people's money.

[@bipolarminddroppings]

@@samsonsoturian6013 You're describing most of the finfluencer industry.

[@bunny97m]

Thats even worse becuase that brand of scam never gets out​@@samsonsoturian6013

[@AlexanderTheGoodEnough]

just one of his many revenue streams and it's far from his most lucrative. He makes the most from speaking engagements.

[@Godoffi]

he aint a scammer. whats up with haters these days XD read his books grow get strong. but na stay a male karen XD

[@MurderMostFowl]

Seems like Tony Robbins is the kind of guy who watches his own videos and it awakens his little giant within as well.

[@mk1st]

PE is investing in trailer parks all over the country which tells me they are scraping the bottom of the barrel for opportunities. The irony will be when someone has to abandon their home because they can’t afford the lot rent increases imposed by a fund that has been invested in by their own pension.

[@craigemmett2425]

It's already happening. kzbin.info/www/bejne/rZyrYpemp5KjlZYsi=ugp6yeIXN6bAQXqN

[@FlowerPower-r8h]

It has been happening for a couple of years now.

[@AusTexish]

Actually trailer parks make their owners big money. The trailer homes never move and most rent are collected in cash. The people who rent have no choices other than car for shelter.

[@watamatafoyu]

They're ruining homes and getting people kicked out by jacking up the price and slumming down the maintenance.

[@gregorymalchuk272]

We need to limit rent seeking or have some kind of land reform. The country is going broke.

[@АллаСтасюк-д7з]

Just as seeds need time to grow into trees, investments need time to grow into wealth.

[@Benjamin.b4]

Patience is key in investing, just as it is in gardening. Watch your wealth grow over time!

[@FrankEwards]

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

[@FrankEwards]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@iknklst]

Just as the sun rises in the East, financial spambots infest KZbin channels.

[@Tokamak3.1415]

@@iknklst I don't know about you, but my financial advisor Abraham Lincoln has helped me a lot. I say helped because he said he wouldn't return my calls after he went to the theater with his wife. I have since found a new advisor Ghengis Khan.

[@whazzat8015]

Robbins is one never ending self promotion.

[@bb21again.67]

A few years ago he came to Australia to give a seminar and hundreds of people paid lots of money for a 3 day's of listening to him talk with nothing to show after it except for a much lighter bank balance and burnt feet (firewalking )😢.

[@danmurad8080]

If recursion was a person.

[@ThisisFerrariKhan]

A networth of 1,000,000,000+, sounds like his marketing works amazingly. You should take notes, I know I am. 😂

[@Alex-qq1gm]

When do you start the ​@@ThisisFerrariKhan firewalking seminar?

[@BILLY-O-1982]

I like that observation.

[@navajojohn9448]

Warren Buffet says private equity guys calculate returns he doesn't consider honest. PE mgrs also skim off the top the middle and the bottom. They never lose even if customers do.

[@ADobbin1]

Warren buffet runs private equity too. Just a different business model.

[@watamatafoyu]

Just another scam disguised as a scheme.

[@Dan-dg9pi]

It is utterly facile to say that it is politician's fault for not closing the tax break for private equity. Imagine a politician stands up in Washington or London and proposed changing the rules. About how long would it take for tens of millions of dollars/pounds to flood the offices of other legislators. The game is rigged. You know it. And on the fundamentals, I've worked in finance/law for 35 years and I have yet to see a private equity deal designed to improve a company. These deals are, first and last, designed to transfer money to the private equity management team. Once the host organism has been squeezed to an inch of its life, the bankers move on. These locusts have ruined every industry they have touched, from residential housing to veterinarians.

[@nco_gets_it]

legislators routinely do stand up and propose tax law changes. But their ideas are just as bad a Lou the meth head's. It is correct to state that tax law is both stupid and the fault of legislative bodies. But is also true to note that tax laws are basically written by lobbyists, not legislators. If the US Congress was actually able to do anything worthwhile, the fair tax system would have been passed into law decades ago and the whole question of "who is paying" would be settled. But actual tax laws favor some at the expense of others, and the favored group is so large, they could swing elections if finally required to pay income taxes. Ironically, this is not who one thinks it might be. 52% or so of Americans are net tax recipients. And 89% of all income taxes are paid by just 7% of taxpayers according to IRS data. Also, BLS data shows that nearly 47% of US adults are not in the workforce at all--which means that they are not earning income or paying taxes. We live in welfare/warfare states in the West, and the only way that works is if corporations are taxed minimally and higher income workers maximally.

[@TimoRutanen]

It depends on the country and the political culture in it. In Finland, it's hard to straight up buy politicians whereas in the US, that is how the game is played every day.

[@TakeTheRedPill_Now]

Agree that P is naive when saying PE LBOs are beneficial to society because they improve company efficiency. Read the classic 'Den of Thieves' to understand that PE company takeovers do one thing: Parasitically enrich Wall Street.

[@robymaru03]

@@TimoRutanen They don't have to buy Finland Politician, they just buy the US one and they threaten Findland with reducing NATO's protection if they don't comply with some corporate greed.

[@Stan-b3v]

I think they’re bleeding pharmacies dry these days. Leeches who brag about how much blood they can suck out of you.

[@eliotgoodfellow7294]

This is excellent. I've been in finance and asset management for 25 years. This is one of the best, straightforward, breakdowns of PE I've come across. Thank you.

[@brandonbath6097]

The humor that’s weaved in is incredible

[@Bobafe77a]

So , basically, Patrick is saying that you can invest in Tony Robbins' suggestion of private equity funding. But you may get your feet burnt.😂

[@trashasaurus]

6:50 Wow, that desk is so strong it can hold every employee for one of the biggest rap review channels on KZbin!

[@annkey4091]

Thank you for this private-equity lesson. I have to wonder if Tony Robbins is really selling a particular company, but did not want to name it during his interview. He did come across as a salesman (I won't say used cars), so I have to wonder.

[@donkeywhistler]

Thanks!

[@scottmUTCS]

@PBoyle you are a national, nay, a WORLD treasure. Thank you.

[@liamjoe3690]

When I see Robert Kiyosaki or Tony Robbin’s I normal tune them out. I view them as shilling clowns. Always trying to get their hands in someone’s pockets.

[@MJ-rl7pj]

Yep

[@theairstig9164]

Both were very effective. Kiyousaki has his wealth in gold and silver. He borrows against physical metal which owns and uses this borrowing power to develop businesses such as management structures for multi residential properties. He then sells the business on to someone else, keeping the profit from the increased value while offloading the liability of running the actual business. It’s called the greater fool strategy. He only appears on KZbin to maintain relevance and visibility. Apart from that he is an actual billionaire and dreamers want to pay him to speak. Turns out dreamers money spends the same and everyone else’s

[@MJ-rl7pj]

@@theairstig9164 🤣🤣 He sells books and live events. He is a fkng moron and liar along with his clown glasses.

[@disarchitected]

I thought Kiyosaki went bankrupt multiple times?

[@carlgarrett5142]

Totally. What is really sad to me is that when I first started reading their stuff back in the early 2000's they were both legit and I found their stuff valuable. Crazy to see how they have both become grifters, Kyosaki especially.

[@JonathanPoland]

As always, Patrick explaining finance in simple terms while putting in slight straight face digs. Love you man.

[@leanmchungry4735]

'If you can make it through the fire, you can make it through anything.' Thirty people had to be treated for burns after walking over hot coals at one of his seminars...that's an interesting way of working out which of your seminar attendees can't make it through anything...

[@hslee169]

The few remaining voice of reason on the internet.

[@ShainAndrews]

~ Tony Robbins

[@thegrumpydeveloper]

Tony Robbin’s making 14% on paper - till he tries to cash out.

[@LongDefiant]

In the case of low liquidity the investor would simply borrow against the equity position.

[@thegrumpydeveloper]

@@LongDefiant tell that to Bernie madoffs investors 😅

[@antH1960]

Seems like Tony is punting some kind of crowdfunding private platform. It’s just like SBF’s “fund” - the perfect platform for a ponzi scam on the very fringes of regulation

[@nelsin1925]

Patrick's desk modeling skills are epic.

[@Tracey66]

Don't walk away from private equity investing - run. I have half of my retirement investments in private equity; one company has lost all its money due to embezzlement, another hasn't provided a return in over five years (and is a half step away from bankruptcy), and the third has provided meager returns occasionally, but we'll all be able to cash out soon. "Soon" has been about to happen for over five years, too. All this while charging me $157.50 per year to not do anything for me, including answering my calls and emails.

[@jbroc3415]

You 100% nailed the IRR goose-ing that goes on in PE

[@spencer53726]

Schrödinger investment risk. Love it.

[@lephtovermeet]

Excuse me Mr dealer I'd like to buy this car. Very good sir and how will you be paying for it? With the car of course. Excellent choice sir, and here's $10k in addition to the car. That's how leveraged buy-outs work, except if the car breaks or the person can't make the payments 🤷 who cares not his money it's just some LLC 's.

[@Uruz2012]

They do deals like that for cars. You borrow against the car in excess of the purchase price and get cash back. If the payments aren't made, the car gets taken by the bank though.

[@lephtovermeet]

@@Uruz2012 and you're held personally liable and it F's up your credit if you fail to make payments, unlike leveraged buy-outs where win or lose you get a 10mil bonus.

[@threeturnings]

Excellent dismantling of counterfactual arguments for private equity with supporting historical context, Patrick.

[@tradingmedic]

Wow! An actual fair assessment of private equity on KZbin.

[@watamatafoyu]

Not sure what you mean. In only the investment side? Private equity is ruining basic things in this country like housing and health care, with food and water upcoming.

[@DrGandW]

I went from not knowing who this is to being throttled with bile at the thought of him thanks

[@thevoxdeus]

Tony Robbins' next book will be an inside look at the ways in which private equity fund managers are able to use the name recognition of unscrupulous C-list pundits to harvest the disposable income of rubes, in order to offset their own risk in funds that underpay investors. Ordinarily, this type of information is only available to the ultra-wealthy, but thanks to Tony Robbins, millions of ordinary people may now experience this transformational wealth strategy first hand.

[@watamatafoyu]

"Transformational" as in "worse than an index fund" and "more harmful to society than a line of hurricanes".

[@prismbrandingrealestatebra6301]

These motivational speakers have just mastered the art of speaking anything with confidence. No matter how nonsense it is.

[@kaesees]

Tremendously pleased to see Asness's "volatility laundering" brought into the PE discussion again @ 19:50

[@cognosciento]

Patrick's dry wit had me in stitches. The bit just after the three-minute mark had me laughing harder than I have in ages. Well done, sir!

[@KoralMae]

Financial advice from Tony Robbins sounds like financial advice from Tony Robbins. And you can quote me on that.

[@pjx9]

@BenFelixCSI is taller, he's 6'11, as such, there can only be one conclusion, he's the most qualified of all

[@98z76y]

And he was the only other finance head other than Patrick posted on the height chart, but he put him at 6'5. Maybe an in joke for those who know

[@theairstig9164]

This is called heightism or beautyism. It’s a thing

[@sky37blue]

This Robbins guy makes the crypto moonboy KZbinrs seem like serious people.

[@MaggieD0123]

Tony Robbins’ book “Money: Master The Game” is actually what got me interested in investing. It led me to reading Ben Graham, Peter Lynch, Phil Fisher, and a number of other investment books. It motivated me to go back to school for Finance and Accounting. In a way, I wouldn’t be watching Mr Boyle if it wasn’t for Tony Robbins.

[@jonathancrawley8916]

This guy looks like a cross between Antony Scarasmucci and Schwarzenegger these days!

[@UlshaRS]

And borrowing RFKjr's voice box

[@noeldown1952]

For a second there I thought you were talking about Patrick...

[@BrodieChree]

Sam Eagle, yes, that eagle.

[@elensayista8988]

Patrick is becoming my favorite KZbinr, so knowledgeable and funny

[@soundhound8282]

7:48 No tracksuits, a true professional.

[@adamofblastworks1517]

Huh?

[@michaelmoorrees3585]

To me Tony Robbins is synonymous to snake oil. Private Equity just happens to be his current window dressing.

[@samsonsoturian6013]

It's called fraud and Tony can be charged with it.

[@whazzat8015]

"It's not a lie if you believe it's true." SBF

[@AlexanderTheGoodEnough]

Not likely. He has cover as a "paid spokesperson". He only knows "what he is told" and he is paid to say "what he is told". He doesn't need to think beyond that. Claims he makes are paid for by those "who should know better." It's all on them. Why guys like him love taking their money.

[@UlshaRS]

Which is why he will sell you the winning strategy for his heavily marked down rate from what he normally charges fortune 100 leaders (and not use it)

[@samsonsoturian6013]

@@whazzat8015 I've seen many bullies play into that by pretending things are true if they benefit from it being so. This lead to very strange gaslighting incidents.

[@samsonsoturian6013]

@@AlexanderTheGoodEnough Except he's running the scam

[@JoshuaFlinn-r5s]

Thank you for bringing clarity and level-headed analysis to Robbins’ outlandish statements. This video is greatly appreciated!

[@TastySlowCooker]

Whoever is remotely controlling Tony Robbins’ corpse really needs to stop. It doesn’t look real, it’s extremely unsettling, and it’s highly immoral. Just let him rest in peace.

[@JRRob3wn]

You should see his wife - she’s 99% plastic.

[@TNBen60]

My wife and I have a theory that there is a secret company that we call the “Jim Henson Industrial Complex”. Frequented by folks like Tony Robins, old rock and rollers and old country music stars. We figure the main base is in Las Vegas with satellite bases in Branson MO and most likely one in Hollywood. 😂

[@watamatafoyu]

😆 Best comment about Tony Robbins I've seen in a while. He's a Frankenstein's Monster of Love of Money.

[@Matlockization]

I thank you for your research and verdict. I enrolled in Anthony Robbins wealth creation course about a decade ago (share investor) and found that support involved a trailing fee which was ridiculous. American marketing & hype at its finest. I lost money !

[@dougypk111]

Private Equity marks their own homework on valuations after stripping businesses of assets and loading them up with debt. The day will come when they can't pretend any more.

[@UlshaRS]

That would be the day a well known get rich quick con man becomes a spokesman on major media outlet....so now, right now

[@davianoinglesias5030]

It's like if I sold my shoes and reported that as income😅

[@Jim-Tuner]

In addition to that, many of them also tightly control redemptions which is a control on the value of the fund itself. As is typical of this sort of thing, it will eventually "break" in an internal liquidity crisis brought on by being over-leveraged.

[@asdisskagen6487]

Really, the title never matters because Patrick is ALWAYS entertaining. 😂😂😂

[@UNgineering]

7:16 you're able to get phone calls on a phone that's not even connected? that's gotta be a superpower

[@kenchoi702]

Great content, Patrick. Do appreciate the way cut through noise and give necessary details.

[@JJ-zr6fu]

I like inspirational speakers. I don’t like them when their business is designed to milk people out of their money and those people don’t seem to be going anywhere. I think an inspirational speaker is horrible when they start selling financial products like Robbin’s is.

[@operator8014]

So you... don't like motivational speakers?

[@robymaru03]

If you don't like them when they start selling financial products, wait when they become head of State or President.

[@dollarjilt1]

I heard some of this before from Robbins and as an investor of some 20 years, I was immediately skeptical too. Not for me... thanks for the vid Patrick.

[@vajpero]

The second part of what Tony says sounds like he wants you to buy the companies that issues the PE funds.

[@TheNewOriginals450]

6:25 Huh, I was just thinking. "I notice Patrick has a new desk. It looks like one of those Flexispot E7L Pro L shaped Standing Desks"! What a coincidence 🤗.

[@hassanj1861]

He sales a product that can never deliver but sells the dream, deffenition of a scam.

[@mjookie]

Well I think I finally get what leveraged buyouts are, but no idea about the rest other then that guy is enormous.. no matter though I could genuinely listen to Patrick all day, even if I understand about 2% of it 😂❤

[@frankcooke1692]

According to the journal of Applied Psychology, on average, a person makes $789 more per year for every inch they are above average. For Tony Robbins, that equals $7890 per year. If he were to invest that extra income, monthly, into an indexed fund returning 5% per year, by the power of compound interest, at the end of a 45 year career, he would have an extra 1.26 million dollars, not adjusted for inflation. You can have that one for free, Tony.

[@ellisburton8733]

😂😂😂😂😂😂

[@RANDOMNESS.]

Patrick, im following your KZbin channel for 5 plus years now, ever since the very beginning. With your educational material uploaded in the beginning i learned personal finance in a whole other practical level than my useless MBA . I managed my portfolio with a risk of margin of only 1-2% and now have built up wealth enough to live comfortably while still having a consosten income (proper job) whole investing 5% of my salary every year and now i thank you, Patrick Boyle, THE BEST Financial channel in KZbin, you deserve 100M subscribers not scammers like MrShit and scums of society with no input for society. Salute amd cheers to you great Sir 🍻

[@HarryHound]

Wow, thorough and insightful research !!

[@Rational_Investor]

I truly enjoy these videos by Patrick Boyle. Always educational and with a dry sense of humour that is captivating. I don't know if anyone else may have noticed, but the "line-up of Tallest Celebrities" at 2:53, if you look to Tony Robbins' right, it looks like the headshot of Ben Felix, from the Rational Reminder Podcast. It lists him as 6'5"but if that is indeed him, then he's actually 6'11" tall. He is a true "giant" in person but also in evidence-based financial education. If it isn't him, then I'd really like to know who it is so that way I know. Regardless, yet another excellent video by Mr. Boyle. Thank you for all of your work and educating me and us.

[@gmonkman]

His appearance, voice and mannerisms scream confidence trickster

[@mattanderson6672]

Fantastic discussion Excellent analysis Humour is un-matched Thanks Patrick

[@stevesmith-sb2df]

IMO private equity is a cancer that is killing middle class jobs.

[@ballofcuriosity]

The way Patrick takes a dig at these people with subtle sarcastic comments. I love it, absolutely hilarious!

[@iruns1246]

29:22, that's a disingenuous criticism to criticism of private equity though. If they're just buying and fixing "inefficiently run firm" people wouldn't have a problem with them. The problem is the definition of "inefficiently run firm" for the financial sector and for the society at large For example, if a news company is generating worthwhile news while not generating a lot of money for the shareholders, is it "inefficiently run"? For society, it's doing fine, but for people focusing solely on shareholder values, it's not. Also the type of jobs that replaces the lost jobs matters. If the same company loses good reporters but create new jobs for experts in ad-friendly AI content engineers, it's not actually a good thing.

[@ADHJkvsNgsMBbTQe]

Amen.

[@iruns1246]

​@@jr56440 why do you assume it's a "house of cards"? If a company is providing value for the economy (e.g. providing worthy news) while not super maximizing profit or growth, what's actually wrong with it? If the free market ends up closing a working news company or replacing it's content with AI generated slop, is that free market working as it's supposed to? Because it seems like it has just removed value (actual value, not money, which is an abstraction of value) from the economy.

[@michaelday8838]

With the over-investment of $2.8 trillion sitting on the sideline earning no money, you essentially have these funds obsessively taking highly leveraged bets to remove “inefficiencies” that intrinsically barely exist. Then the next over-invested fund buys it from them looking to remove more “inefficiencies”. This gutting of these companies destroys what their future customer relationships are, brand loyalty, employee loyalty, and most importantly future revenue growth. When the music stops playing and these leveraged buyouts can’t be flipped for small-modest gains anymore, there will be no way out and these funds will be left holding the bag selling these hollow companies at losses. The exit door is a small mouse hole. The government and SEC need to get involved in providing stricter rules in accurately reporting PE returns bc the fraud and lack of transparency has created a bubble in this market.

[@iruns1246]

​@@jr56440 why do you assume it's a "house of cards"? In a finance-focused lens, something just has to have less monetary valuation than other investment opportunities to be deemed "inefficient".

[@iruns1246]

​ @jr56440 why do you assume it's a "house of cards"? In a finance-focused lens, something just has to have less monetary valuation than other investment opportunities to be deemed "inefficient".

[@antonomaseapophasis5142]

Wow! You traversed a lot of open questions. I have not fully absorbed all the points you made, and I had to back up a few times to hear correctly. I have the impression that there were a few perspectives that I can retain for better investment planning. It was gracious of you to go easy on lil’ ole Tony.

[@OaktownPirate510]

Any headline phrased as a Y:N question can be answered “No”.

[@ax14pz107]

National geographic did it best when it had an article with the title "was Darwin wrong?" with the first word, which took up half the page, consisting of the single word "No."

[@danmahoney8577]

This was great, I started reading Tony’s book after seeing his claims and found the same research from Buffett you cited. I didn’t get through the book entirely but from what I gathered Tony has worked out a way where you can get in the best funds and he will get a cut. On of the other good sources of info on whether individuals in private equity is Charlie Ellis. He was a board member of the Yale endowment. He came to the same conclusion you did. Thanks.

[@BeatlesBowieKrimson]

Very informative. Thank you, Patrick.

[@ha2kon539]

Thanks for the video. You easily make the best finance videos on youtube

[@Meow-io3dh]

I love your videos despise having zero connection to investing or the finance world. I lowkey barely know what a stock is and still do not understand crypto at all (what do you mean you have to use the same amount of power as a small country to mine for it?? It's not real?!? Just type the numbers on the screen!??) but I still watch. I feel slightly less financially illiterate after each video

[@ax14pz107]

You understand crypto just fine. It's serial numbers kept in an append only ledger (in theory) which is kept on a bunch of different computers. That's it. It uses a ton of energy because the database is updated by whichever computer performs a very difficult calculation first, which uses a lot of energy. Whichever computer wins the calculation race gets a tiny amount of crypto as a reward. As you can imagine, that results in a massive amount of wasted electricity as all the computers who lost the calculation race didn't do anything but lose.

[@michaelkrawczyk6715]

Such an interesting channel, no matter the topic, I'm captivated, thx Peter...

[@ARNYKATZ]

If Tony Robbins or Robert Kiyosaki offer to make you rich -- RUN! RUN FAST! RUN FAR!

[@yt-mca]

For the first time I was more interested in the sponsor than the actual video. Amazing intro too!

[@gentlemandemon]

28:42 it is the fault of the politicians, but let's not pretend that PE hasn't been actively lobbying to maintain and expand these loopholes using means that the average citizen doesn't have access to

[@Gav_Jam]

Seeing Patrick riding a desk had me in hysterics, this guy is as good at comedy as he is at finance

[@Socratic199]

... I'm tired of trying to figure exactly how I'm getting screwed. It's enough to know I am. I want names, please.

[@jburron]

Unleashed the power within your portfolio. A new brand extension for Tony.

[@silverXnoise]

If he said “Private equity are leeches, sucking the value out of real productive businesses for short-term financial gain at the expense of long-term sustainable economic output, and should be regulated out of existence,” then yeah, I’d say he’s right. But I expect, since it’s Tony Robbins, he actually said “Wipe your mouth and get in the kitchen, woman,”-did he say either of those things?

[@bipolarminddroppings]

He didn't say either on TV but that second one he's sure said in his own home, more than once...

[@inutamer3658]

What expertise in economics causes you to claim the first to be right?

[@darthalex97]

What expertise in internet comments cause you to reply here?

[@forbesy33]

Lol spot on

[@SunRunn3r]

😂😂😂😂😂😂​@@darthalex97

[@pbr549]

Another great video! I laughed so much. I remember Tony Robbins back in the 1980’s back when I found the best RAP group ever. 2 Live Crew. Every video of yours I go back to the 1980’s and laugh a the foolishness.

[@XplusX12345678]

I was brought in to be a CFO at a privately equity owned firmed. It was basically ran very poorly before I and the new CEO was brought in. We are growing the business now, and turning it profitable. However, some of the other portfolio companies are performing very poorly. Conversely, Some of the top PortCos have grown 1000s of percent in revenue. They have basically 40x their investment in their top investment companies. I don’t have access to the PE firms financials, but from the outside it seems no different than the SP500 to me. Some very bad performers, average performers, and handful of top notch stars. I think the illusion of volition is far stronger in PE, and there is a reason 90% of the employees at these firms are younger than 30.

[@TheMightymolar]

This fella sure is confident. I think I'll cash out my savings and take one of his courses.

[@relwaretep]

The only PE worth anything was started in 1985, and founded by Chuck D and Flavor Flav.

[@One-Two_swift-kickbox]

Fight the power

[@dnaversa]

HELL YES! Love me some Public Enemy…best concert I ever saw

[@LeveragedCoach]

This is the best video I think you’ve ever done. Amazing. Well done.

[@Mighty_Terp]

Brilliant as always, sir - thank you!

[@mikestanmore2614]

Ah, a rhetorical question to start my day! Thankyou Patrick!