How Millionaire Bankers Actually Work | Authorized Account | Insider

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Күн бұрын

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@heribertfassbender5759
@heribertfassbender5759 4 ай бұрын
“unfortunately I cannot say, if I signed a NDA or not” is the best way to say, that you've signed a NDA.
@officialmasqq_594
@officialmasqq_594 3 ай бұрын
They made him sign an NDA for his NDA 😂
@slavanastya
@slavanastya 3 ай бұрын
@@officialmasqq_594 pretty much a standard clause 😒
@RandomUser2401
@RandomUser2401 3 ай бұрын
wth is even the point of this whole video. what a waste of time. this guy randomly rambling with no story or clear message. It's rare that a video deservers a clear downvote. This is an exception.
@Ghulam-e8y
@Ghulam-e8y 3 ай бұрын
Cannot confirm or deny - very useful
@Hazed64
@Hazed64 3 ай бұрын
​@@RandomUser2401he is literally describing his day to day as a millionaire banker...... Did you read the title? What did you want to gain out of this?were you expecting to know the exact ins and outs of how the bank of England works lol
@rolothedodo
@rolothedodo 4 ай бұрын
that dude was legendary, the fact that he walked away from millions to help the middle class understand a collapsing society shows his integrity.
@G-sr2bs
@G-sr2bs 4 ай бұрын
Don't get mislead
@rolothedodo
@rolothedodo 4 ай бұрын
@@G-sr2bs why do you say that?
@olliec5564
@olliec5564 4 ай бұрын
Lol he didn't walk away from millions. He made millions and continues to make a lot of money shilling 'advice' to ignorant people.
@jjose3829
@jjose3829 4 ай бұрын
@@olliec5564 he doesnt make money from giving advice to people , he makes millions from the work he's done and the investments he made .He doesn't sell anything to his audience
@Heyoka5711
@Heyoka5711 4 ай бұрын
His content isnt that good. Being a banker for a few years doesnt mean you understand macroeconomics.
@belivmi
@belivmi 4 ай бұрын
the way bro described cocainers is so spot on, it's SO EASY to spot one, but they don't realise it
@danmurad8080
@danmurad8080 4 ай бұрын
Jim Cramer speaks and slurs like one.
@inomooshekki
@inomooshekki 4 ай бұрын
did you spot that the bro is cracked up on coke too? he can't stop touching his nose and do things with his tongue and lips
@Doxsein
@Doxsein 4 ай бұрын
@@inomooshekkiI noticed that he keeps touching his nose and face
@v1kt0u5
@v1kt0u5 4 ай бұрын
2:28 "I've never taken cocaine in my life", then proceeds to constantly touch his nose for the rest of the interview 🤔
@g_rr_tt
@g_rr_tt 4 ай бұрын
obviously it wasn't easy for him to spot at the time. He had no idea.
@ryanjames5340
@ryanjames5340 2 ай бұрын
What I really appreciate about this guy and European traders is they refer to it as “speculating” or “betting”. Because at its core that’s all it is.
@nick334t9
@nick334t9 19 күн бұрын
Most American traders I know do the same, at least from my experience
@loft27ss
@loft27ss 9 күн бұрын
It is a Casino
@RanCham727
@RanCham727 Күн бұрын
Anyone that does trading knows its betting and speculation. No one shies away from that.
@dervakommtvonhinten517
@dervakommtvonhinten517 4 ай бұрын
wow, i wonder how we are getting one financial crisis after another. the bankers seem like such reliable, down to earth, practical people.
@GloryDaze73
@GloryDaze73 4 ай бұрын
😅😅
@henrikcarmel1
@henrikcarmel1 4 ай бұрын
A trader is not a banker.
@dervakommtvonhinten517
@dervakommtvonhinten517 4 ай бұрын
@@henrikcarmel1 not all bankers are traders, but all traders are strictly speaking bankers. since banks are institutions/companies that handle your money for you.
@definitelynotadam
@definitelynotadam 4 ай бұрын
Don't worry, those guys get paid so much because they are extremely smart and professional, best of the best, they would never put the economy at risk /s
@spaceowl5957
@spaceowl5957 4 ай бұрын
Traders are like professional gamblers I think. They are not bankers
@ExhibitorMarketingInsider
@ExhibitorMarketingInsider 2 ай бұрын
Here's the thing about Gary - when you've worked in banking, you can spot who's legit. The fact that BI couldn't verify his "top trader" claim isn't shocking at all - banks are incredibly tight-lipped about trader performance, especially from that era. What really sells his story is the way he talks about the trading floor culture and market dynamics - you can't fake that kind of insider knowledge. Plus, unlike those trading gurus trying to sell you $2,000 courses, Gary's just out here giving away free economic education on KZbin. If he was making it up, he'd probably be pushing some get-rich-quick scheme instead of teaching people how the financial system actually works. Legend!
@jackcalder2937
@jackcalder2937 Ай бұрын
Don’t forget all these you tube clicks make money
@solovicious
@solovicious 26 күн бұрын
@@jackcalder2937 And there's nothing wrong with that
@geverniveup
@geverniveup 25 күн бұрын
@@jackcalder2937he posts every 3-5 months. I don’t think it’s about the money
@bruhmoment1835
@bruhmoment1835 17 күн бұрын
He could very well be a loser who talked his way into trading and failed out over a few months, then turned that into his grift anyway.
@mariom5307
@mariom5307 11 күн бұрын
​@@jackcalder2937you mean more than working at Citibank? ^^
@siddharthkhandelwal3161
@siddharthkhandelwal3161 4 ай бұрын
My ex boss was from the trade floor in 1990s. What Gary shared truly is a sanitised version!
@BatsiraiMusuka
@BatsiraiMusuka 4 ай бұрын
Someone in the comments thinks it’s lies… but if you’re well read you know it’s all true really.
@ccvjd3909
@ccvjd3909 4 ай бұрын
" I watched wolf of wallstreet one time "
@jonosay854
@jonosay854 4 ай бұрын
​@@ccvjd3909😂🤣
@issiewizzie
@issiewizzie 4 ай бұрын
i wasn't a trader but the IT guy they all took their anger on ..... Gary's version is the PG13 version 😀
@gokiburi-chan4255
@gokiburi-chan4255 4 ай бұрын
@@issiewizzie So what's the R18 version?
@RogueCylon
@RogueCylon 3 ай бұрын
I worked in IT for Shearson & Lehman in London- 1&2 Broadgate. Was the best and worst times of my career. The traders were total mavericks and mental
@samnnamani
@samnnamani Ай бұрын
Great to hear from you and confirm what I feared. I thought "who are the crazy folks that provide IT support for these dickheads?"
@WicoNZ728
@WicoNZ728 4 ай бұрын
I feel like I'm at an after party at 4AM listening to this guy while he talks non-stop.
@ryshellso526
@ryshellso526 4 ай бұрын
Pass the mirror...
@KeepitReal-x6g
@KeepitReal-x6g 4 ай бұрын
For fking real. Dude said absolutely NOTHING
@perrinpartee557
@perrinpartee557 3 ай бұрын
What he’s saying Sounds like bs
@alinvizitiu9334
@alinvizitiu9334 3 ай бұрын
Yah in the first 3min he describes himself and all he says after that is complete and utter bullshit
@HC-kn2sq
@HC-kn2sq 3 ай бұрын
@@KeepitReal-x6g Did you even listen?
@tomanicodin
@tomanicodin 4 ай бұрын
"Nobody is doing anything" is the best quote on this video
@filipesrubio4015
@filipesrubio4015 4 ай бұрын
Of course. You think you could get away with that? It is pretty surpring I must say. Anyway, just be a bit more careful next time
@SapphicBambi
@SapphicBambi 4 ай бұрын
Odysseus strikes again!
@economicfreedomfighter
@economicfreedomfighter 4 ай бұрын
29:48 It hit different when he said that
@itaca4861
@itaca4861 4 ай бұрын
Nice quote but I’m also pretty confident part of the stories are bs
@rickatatastan2695
@rickatatastan2695 4 ай бұрын
This is how change happens. Nobody is doing anything, and then suddenly it's acceptable for the government to tax the super-rich - But it's an awful lot more difficult with the billionaire-owned media poisoning old people's minds.
@bluedotdinosaur
@bluedotdinosaur 4 ай бұрын
It doesn't matter if this guy is trying to make himself look better or not, or who he personally is. The primary point that "nobody is trying to fix things" is the takeaway here. The entire world is run as an economic machine and that machine was constructed with no regard for "the collective good of the human species". The machine wasn't even designed to successfully perpetuate its own self past a certain point. Because the people building it didn't care what would happen after they got rich and died. Or they just assumed somebody would figure it out in the future.
@CYCHIATRIC
@CYCHIATRIC 4 ай бұрын
Yep. It's actually an entirely rational point of view. My only disagreement with what you posted would be i don't think the designers cared if anyone figured it out in the future. I used to work as an accountant (certified) and now in psychiatry. I actually think we're living in the age of the psychopath. The documentary 'The Corporation' is very good on this. If a for profit corporation is an 'artificial person' in law what kind of person is it based on its behaviour (rhetorical question)? Also 'Snakes in Suits' is a great book on psychopaths in the work place (written by two experts in the field).
@TheGbelcher
@TheGbelcher 4 ай бұрын
I hear this sentiment a lot however the economy not only keeps chugging along, it keeps growing. How do explain the fact that this economic system keeps working if it has so many flaws?
@CYCHIATRIC
@CYCHIATRIC 4 ай бұрын
@@TheGbelcher that's a very broad question and statement. I'd say currently we're in a redistribution phase in the modern economies were growth isn't the primary concern of the policy makers. Gary's right on this. It's destroying the middle classes (the working classes went in the eighties) which is the primary concern. This idea of 3% growth in perpetuity is for the birds. We live on a finite planet. Technology can help but generally today the spirit of the age is about entrenchment of wealth. Not money. Wealth. Assets.
@TheGbelcher
@TheGbelcher 4 ай бұрын
@@CYCHIATRIC A middle class person today eats better and has better access to information, recreation, education, fresh water, healthy food, medicine, and other health care than a steel or railroad tycoon at the turn of the century. The belief that life is getting worse for the average person over time is just patently false. There’s no data to support that sentiment at all. Every objective standard of living metric is improving in just about every country of the world (I.e., life expectancy, child mortality, food insecurity, literacy rates, academic achievement, etc…) with the exception of obesity, that’s headed the wrong direction. But IMHO, that’s the demographic that would be starving in the past and are now eating too much low quality food. Which is a huge improvement from not being able to afford enough sustenance to support life.
@kwondeville
@kwondeville 4 ай бұрын
Valid points. ​@@CYCHIATRIC
@DonaldGravesC
@DonaldGravesC 18 күн бұрын
millionaire bankers work by manipulating the country finance if the bank as big stand in the country, that's why bank ain't safe nowadays...so employ a consultant who can manage your money for you.
@JonahHoward0997
@JonahHoward0997 18 күн бұрын
i support your motion.
@KennyHopkinsF2000
@KennyHopkinsF2000 18 күн бұрын
@@JonahHoward0997 i only respect keeping a consultant and investing your assest with him or her but for i use my personal financial advisor ' sophie kathryn jones '
@alanfike
@alanfike 4 ай бұрын
Nando's saved his career.
@MikeStoneJapan
@MikeStoneJapan 4 ай бұрын
cheeeeky
@MK_3728
@MK_3728 4 ай бұрын
😂
@Anonymous-zw1gd
@Anonymous-zw1gd 4 ай бұрын
Saved a lot of brokers' money too
@donutguy12
@donutguy12 4 ай бұрын
Chicky nandos is life
@MrChongkahtze
@MrChongkahtze 4 ай бұрын
Love me a good peri peri chicken too..
@MatCendana
@MatCendana 4 ай бұрын
This is among THE BEST narrative I've watched so far. This guy, Gary Stevenson tells things as they are. No attempt to glorify himself, of `how smart' he was, but just an open, honest account. This video helps provide some insight into institutional trading desks and the people involved.
@tomaccino
@tomaccino 4 ай бұрын
The video is unwatchable with all the beeps. It's giving me tinnitus! It's 2024 and they're still using a 1KHz sine wave to censor swear words 🤦🏻
@permabear6025
@permabear6025 4 ай бұрын
It’s mostly BS, others at Citi confirm this.
@Pixiedust8399
@Pixiedust8399 4 ай бұрын
@@permabear6025 Yes Citi what reliable source, it's like asking North Korea if their defectors who managed to escape to China and South Korea are telling the truth about they've seen.
@__-tc3sr
@__-tc3sr 4 ай бұрын
​@@permabear6025citation needed
@permabear6025
@permabear6025 4 ай бұрын
@@Pixiedust8399 Gary is using 1980s clichés for entertainment purposes. Most people in banking and finance in the modern era are not boozehounds or cokeheads. They’re introverted and work extremely long hours. Do you seriously think that investment bankers and quant traders are doing lines in the toilet and banging strippers in the office? You would be shocked at just how quiet the floor is…Sure there’s always a few dark horses but they are the extreme minority.
@Joeknowsball247
@Joeknowsball247 2 ай бұрын
Housing crisis, health crisis, financial crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis. How many crises can we endure? As I approach retirement with a solid financial cushion, I'm anxious about a potential banking crisis. Is private equity a good option to grow my money securely?
@hughsx3
@hughsx3 2 ай бұрын
Diversify… T bills, CDs, Gold, Stocks, Municipal bonds, Bitcoin, Real estate, etc assets speak when cash has no value.
@williamJohnsonq8f
@williamJohnsonq8f 2 ай бұрын
I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra
@mikefallert1306
@mikefallert1306 2 ай бұрын
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.
@Arnold-ic9jg
@Arnold-ic9jg 2 ай бұрын
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
@mikefallert1306
@mikefallert1306 2 ай бұрын
Sure you can! Judith Lynn Staufer is the financial advisor I work with. Just search the name. You’ll find necessary details to work with to set up an appointment.
@KaiZidana
@KaiZidana 4 ай бұрын
“Wealth is the money that you don’t spend” was my favourite part
@volkris
@volkris 4 күн бұрын
The problem is, that's not the common understanding of wealth. When the general public talks about wealth and how wealthy a person is, they are often pointing directly at money that has been spent, whether through purchases or through investment.
@michaelwiebeck3
@michaelwiebeck3 Ай бұрын
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
@Pconradsmith
@Pconradsmith Ай бұрын
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
@Olsontim21
@Olsontim21 Ай бұрын
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@Aarrenrhonda3
@Aarrenrhonda3 Ай бұрын
@@Olsontim21 Could you kindly elaborate on the advisor's background and qualifications?
@Olsontim21
@Olsontim21 Ай бұрын
Annette Christine Conte’ is the licensed FA I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
@Aarrenrhonda3
@Aarrenrhonda3 Ай бұрын
@@Olsontim21 thanks for the lead, just searched Karen by her full name, easily spotted her consulting page and was able to schedule a call session, she seems highly professional from her resumé..
@durragas4671
@durragas4671 4 ай бұрын
This guy got 4 As in A levels after being expelled for drugs use from one high school. He's freaking smart. Can't imagine most people ever doing what he did.
@pedrobirmann4857
@pedrobirmann4857 Ай бұрын
LOL every one on a trading floor at an investment bank has got the A* bro. no he is not, he is a fraud. I know, cause i know his former colleagues. he was a mid level traders, he is a clown
@jackcalder2937
@jackcalder2937 Ай бұрын
You can verify that can you?
@sammynogo559
@sammynogo559 Ай бұрын
@@pedrobirmann4857 I’m guessing that’s why their interviewing him
@johncee
@johncee Ай бұрын
@@pedrobirmann4857so you just gossip and don’t have personal experience to speak from? Lmao
@147breaks
@147breaks Ай бұрын
​@@pedrobirmann4857yeh ok
@markedis5902
@markedis5902 4 ай бұрын
I used to repair telecoms on a trading floor and every trader I met thought they were god. They were the all important thing. I left as soon as I could.
@Cheesecake99YearsAgo
@Cheesecake99YearsAgo 4 ай бұрын
😂
@maybeyourbaby6486
@maybeyourbaby6486 4 ай бұрын
yeah that sounds like high functioning coke addicts alright lol
@markmcnicholas9475
@markmcnicholas9475 4 ай бұрын
Don’t blame you. Nothing worse than narcissists anywhere near you.
@roberthorry621
@roberthorry621 4 ай бұрын
@@markmcnicholas9475 coked out narcissists is nightmarish edit: are
@ChristopherRobert-ic4ub
@ChristopherRobert-ic4ub 4 ай бұрын
must be nice to trade with an unlimited budget.... that ego is what destroys day traders
@tamatihoetawa2333
@tamatihoetawa2333 4 ай бұрын
If he says he can't confirm that he signed a NDA, means he's signed a NDA and one of the clauses probably says he cant speak to a NDA.
@CalumRaasay
@CalumRaasay 4 ай бұрын
Or he hasn’t and it sounds more impressive and mysterious to say he can’t confirm 😂
@GTFCEO
@GTFCEO 4 ай бұрын
Lol u put that together all on your own big guy?! Unveil David blaines next trick for us
@noimxge6684
@noimxge6684 4 ай бұрын
An NDA **
@slobert
@slobert 4 ай бұрын
Wow you're a genius! It's almost like he practically told us at 38:39, all that was missing was a wink and a nod. Sherlock Holmes over here
@andocobo
@andocobo 3 ай бұрын
You’re a very astute watcher of KZbin vids
@Fabzil
@Fabzil 4 ай бұрын
This is the easy stuff he is allowed to talked about. Reality is even more crazy
@monolith-zl4qt
@monolith-zl4qt 4 ай бұрын
The reality is not crazier, just more specific & would serve as evidence in a court.If you say all multinational corporations are evading taxes by pedaling profit offshore no one cares, because everyone knows it. But if you provide transactions (Panama papers), then suddenly you die in a car accident.
@permabear6025
@permabear6025 4 ай бұрын
Nonsense 😂 Industry has changed so much, many young people in finance have a salad for lunch and don’t even drink…
@oscarinacan
@oscarinacan 4 ай бұрын
​@@permabear6025 wow you should go on the road with jokes like that
@permabear6025
@permabear6025 4 ай бұрын
@@oscarinacan It’s true, did 7 years in the City in my 20s. Most people in banking are quite nerdish, introverted, work very long hours and rarely drink. A small number are cokeheads and boozehounds but it is not remotely the norm.
@robertashford197
@robertashford197 4 ай бұрын
​@permabear6025 I suppose it's a matter of perspective and experience. My Brother works in this position in commodities and the picture he paints is quite different to this. The most hilarious bit of insight I was given was "I never even met someone who was addicted to prostitutes before taking this job, now I can see at least 3 guys in my office like that at all times and that's just the ones we know about", a few fist fights in the office, some crazier stuff. But also I reckon that it is also more common to come across those introverted types that you mentioned than ever, as it's not quite as essential to fit in just to get somewhere as it used to be, being a nerd and being successful in your own way is a little more protected societally these days, and people who crap on that tend to be the ones who are shunned, I would imagine that extends to that sector so it's interesting to hear your perspective reflect that.
@pb4012
@pb4012 4 ай бұрын
This guy joined the banking world the same time as me, when I joined Nomura as a trading grad, having interned at Lehman the summer it crashed. I didn't stay in the industry long but I can relate to what he said about management. Everyone in trading is in their own bubble, as are the management and they really aren't interested in knowing what anyone else is doing or managing their staff directly.
@sko1beer
@sko1beer 4 ай бұрын
in the real world no one really cares what anyone else is doing?
@TheBenchPressMan
@TheBenchPressMan 4 ай бұрын
where did you go after Nomura, i still work there
@ryshellso526
@ryshellso526 4 ай бұрын
"To many chief's and not enough indians"...
@pb4012
@pb4012 4 ай бұрын
@@TheBenchPressMan changed industries completely. Probably a regret of mine to be honest…. How is it there these days?
@TheBenchPressMan
@TheBenchPressMan 3 ай бұрын
@@pb4012 interesting, thanks for the reply! Yeah it’s doing okay, IBD all the activity is in the green tech space. Rest of the business is quite cut down due to Brexit, lots moved to Germany. Office now has quite a few floors let out to other firms, very different from what it was like in 2018 for example.
@andyaus7972
@andyaus7972 4 ай бұрын
I used to work for a prop trading firm. Was highly paid for my age (26), but it was the worst environment ever. Got depressed and tried spending money as a coping mechanism but that didn't work. Left after a year and haven't looked back.
@ericantone8709
@ericantone8709 4 ай бұрын
Wise move. Nothing is more important that your health.
@Yeah17709
@Yeah17709 4 ай бұрын
Which firm?
@ExcelsiorFx
@ExcelsiorFx 4 ай бұрын
why not just trade from home in the first place and build yourself?
@JR-ru3wt
@JR-ru3wt 4 ай бұрын
Do you feel better with less money?
@tommyatkins6169
@tommyatkins6169 4 ай бұрын
​@@ExcelsiorFxday trading will never out compete
@stockdog821
@stockdog821 3 ай бұрын
Nah....This is seriously one of the best videos I've ever seen on KZbin. Incredible interview. Sheesh....
@king199324
@king199324 4 ай бұрын
As an ex-trader that walked away from the world Gary is talking about, I completely agree with the madness and dodgy stuff mentioned or implied in this video. Also I just bought Gary’s book now that I know he’s written one.
@SPINERbg
@SPINERbg 4 ай бұрын
Is the book any good?
@tranquilsounds9865
@tranquilsounds9865 4 ай бұрын
What is it called?
@a_thousand_words
@a_thousand_words 4 ай бұрын
@@SPINERbg I really enjoyed it
@yogscastrio
@yogscastrio 4 ай бұрын
The book is a rollercoaster 😊
@musicjuly3415
@musicjuly3415 4 ай бұрын
Sure you were.
@malekzin4788
@malekzin4788 4 ай бұрын
this guy has that Jesse Pinkman of Breaking Bad vibes but he's British and managed to get out when things started to burn down.
@zivzulander
@zivzulander 4 ай бұрын
That exact comparison occurred to me, as well. I just hope people take his warning seriously and not just as entertainment, though it is a captivating story. Breaking Bad was a hit, but as compelling and realistic much of it was, neither it nor other media did much to slow or stop the opioid/drug crisis. At the end of the day, we still need more of informed people like Gary to make change happen - and to help others wherever and whenever possible, especially as inequality continues to increase.
@shroomer3867
@shroomer3867 4 ай бұрын
If he's Jesse Pinkman, he got out right after Gus being killed.
@roanaya2598
@roanaya2598 4 ай бұрын
Hmm yes managed to get out of a posh yearly salary (with or without bonuses) thats only increasingly difficult to get into... so lucky
@sko1beer
@sko1beer 4 ай бұрын
watch a few of his videos he did not stay at the top of his game for long. he burnt out anyone who has been trading knows a few years is just luck. even hugh hendry lasted longer than he did and he even owns his own island. but at less hugh never claims to save the world or the middle class
@roanaya2598
@roanaya2598 4 ай бұрын
@@sko1beer oh yeah its pretty obvious.. and the whole saviour thing is amazing 2bhonest
@danielmac7738
@danielmac7738 4 ай бұрын
This interview just proves that it does not matter who is in power. Their interest are to them self and their mates. Nothing good is going to happen unless it helps their purses.
@AzogDefian
@AzogDefian 4 ай бұрын
Get off the pedestal bud.
@TheBrennanSchafer
@TheBrennanSchafer 4 ай бұрын
If believed a word this man said you aren't very good at reading people.
@blantant
@blantant 4 ай бұрын
Nah, i prefer to believe that the government and mainstream news. We need a powerful politicians who promise me the most things, regardless of how unsound or unsustainable the policy is, and who can push the right emotional buttons.
@knightboy1234
@knightboy1234 4 ай бұрын
For sure, but its simply human tribal nature. I'm sure we all act the same way when it comes to our friends and family
@ryanbernier8246
@ryanbernier8246 4 ай бұрын
Very good you discovered human nature
@PhilBradleyH7000
@PhilBradleyH7000 17 күн бұрын
they work for some years, take out some money from the cooperative or commercial bank the get arrested to be for some fine. which would be 10% of what he/she stole rom the bank.
@JonahHoward0997
@JonahHoward0997 17 күн бұрын
hey often design bespoke investment strategies for clients, depending on their goals and risk tolerance.
@KennyHopkinsF2000
@KennyHopkinsF2000 17 күн бұрын
@@JonahHoward0997 maybe
@CarltonRoyH0000
@CarltonRoyH0000 17 күн бұрын
@@JonahHoward0997 Millionaire bankers typically have highly specialized roles in banking, investment management, or financial services.
@CarltonRoyH0000
@CarltonRoyH0000 17 күн бұрын
yes you are correct, but when it comes to banking, investment management and financial services you move that to financial advisor like ' sophie kathryn jones '
@AngelinaKleinQ12345
@AngelinaKleinQ12345 17 күн бұрын
@@CarltonRoyH0000 She collaborate with bankers to co-invest in large projects ? or hedge funds, which provide a unique opportunity for high returns for their clients. just asking lol
@bopsap.gammazape
@bopsap.gammazape 4 ай бұрын
Absolute gold. Part of why I have little respect for people who "dont believe in luck, it's all hard work" who grew up in wealthy/well-off families in good environments. And thats not from a position of envy, growing up upper middle class myself and attributing a lot of successes to equal parts luck and hard work.
@SabrinaRodi
@SabrinaRodi 4 ай бұрын
meritocracy is a lie
@strnvii
@strnvii 4 ай бұрын
not even luck but maturing Is revealing we've been sectioned off economically on purpose, thus it seems like luck but in reality as you stated your background is significant.
@SabrinaRodi
@SabrinaRodi 4 ай бұрын
@@bopsap.gammazape meritocracy is a lie
@smith-marsette2721
@smith-marsette2721 4 ай бұрын
for real. I think about all the candidates that applied to the jobs I got, especially when I first started out in my career, and how I even ended up in the career I am now. There was a lot of chance and just random opportunities that helped me get to where I am now.
@fun_gussy
@fun_gussy 4 ай бұрын
A person with all the luck who does no work still gets nothing. Pointing at the rare children of billionaires doesn't change that fact.
@Piercy0812
@Piercy0812 4 ай бұрын
"They founded the junior united nations" - caught me off guard, almost died choking on my coffee
@raphaelkorn8899
@raphaelkorn8899 4 ай бұрын
As someone who went to LSE and founded a junior united nations (over 20 years ago) that hit close to home!
@foxernator
@foxernator 3 ай бұрын
@@raphaelkorn8899 🤓🤓🤓🤓🤓
@DartsGondel
@DartsGondel 3 ай бұрын
yeah that WAS funny ^^
@itiscujo
@itiscujo 4 ай бұрын
It's hilarious how he describes how people on coke talk a mile a minute, but are super boring because the reason I don't like coke is because the few times I tried it I would start talking a mile a minute for a few minutes, and then have a weird moment of clarity when I realized that everything I was super excited to talk about were almost objectively boring so I would just stop talking for the rest of the night😅
@MarketWizard546
@MarketWizard546 4 ай бұрын
You're on coke again now aren't you? Did you read the crap you wrote?
@Robbo1966
@Robbo1966 4 ай бұрын
brilliant description, they think they are super smart and cool and really they are dumb and boring, that's what drugs do to people, make them real dumb
@royce9018
@royce9018 4 ай бұрын
so you don't like cocaine because you realized you were boring?
@nickgmslllc
@nickgmslllc 4 ай бұрын
@@royce9018😂😂😂😂
@itiscujo
@itiscujo 4 ай бұрын
@@royce9018 I was wondering how long it would be before a cokehead chimes in
@ANDYPADOVA
@ANDYPADOVA Ай бұрын
Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?
@theTeslaking
@theTeslaking Ай бұрын
There are options that spread across multiple banks. I use a non-beginner broker that protest up to 3 million dollars and provide 4.58% returns on cash, it's always a good idea to consider working with an advisor for financial planning
@JosephMartin7226
@JosephMartin7226 Ай бұрын
Agreed, financial advisors play a key role in portfolio allocation and i've been using one since late 2019 just before covid outbreak. So far, I'm barely 25% short of $1m ballpark goal after subsequent investments.
@iamlaurenmoe
@iamlaurenmoe Ай бұрын
please excuse my curiosity, would you mind sharing more info on your advisor? I’m in dire need of guidance
@JosephMartin7226
@JosephMartin7226 Ай бұрын
My CFA ’Sharon Ann Meny’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@iamlaurenmoe
@iamlaurenmoe Ай бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@theregisteredindependent
@theregisteredindependent 4 ай бұрын
I love this video. I worked on a commodities trading desk in the early 2000s. Nearly EVERYONE was from an Ivy league school, except for me. I realized very quickly it wasnt the lifestyle I wanted, or what I aspired to be. I made the decision to leave rather quickly and Im glad I did. Did I lose out on a ton of money? Possibly. But 20+ years later I gained (and kept) a lot of things that are more important to me.
@R_W103
@R_W103 4 ай бұрын
Could you not cut the mustard? Bottom of the P&L sheet?
@theregisteredindependent
@theregisteredindependent 4 ай бұрын
@@R_W103some mustard isn’t worth cutting.
@alipainting
@alipainting 4 ай бұрын
I also worked in commodity futures back in the 80s and 90s. The swings were too unpredictable and wild. I wish I'd thought to go into equites. Dahhhh. Much easier. Just buy and hold and predict the crashes which are much easier to predict than those crazy commodity price swings.
@sko1beer
@sko1beer 4 ай бұрын
@@R_W103 100% in the real world if you can cut the mustard you can from the bedroom in your undies. so my money is on he couldnt cut the mustard😂
@Applepie409
@Applepie409 4 ай бұрын
What do you do now?
@richardmartel5120
@richardmartel5120 4 ай бұрын
I was a trader for a bank that got ruined, I didn't lose anything, but I remember that the milkman wouldn't deliver milk to us because he was scared that he wouldn't be paid.
@MarvinMonroe
@MarvinMonroe Ай бұрын
You have a milkman?
@magstheonlyone
@magstheonlyone 4 ай бұрын
This could have been easily put in your "How Crime Works" series
@RCOATES89
@RCOATES89 4 ай бұрын
I thought it was until I read your comment
@RussOlson-pl3kf
@RussOlson-pl3kf 4 ай бұрын
People are worried about retail theft but Equifax stole your personal data and barely had to pay when they were fined in court several years ago.
@888SpinR
@888SpinR 4 ай бұрын
Sounds like an easy way to get sued.
@TheSpicydiva
@TheSpicydiva 4 ай бұрын
My thoughts exactly
@andylee5759
@andylee5759 3 ай бұрын
100% Im actually kind of surprised they didnt
@jcsworkshop5906
@jcsworkshop5906 3 ай бұрын
Gary speaking about Gary in third person tells so much about what Gary thinks about Gary.
@DSPsWifesBF
@DSPsWifesBF 2 ай бұрын
Anyone who speaks about themself in third person is a clown. Idk how others don’t catch on
@cgspartan87
@cgspartan87 Ай бұрын
it is strange but he has been asked to tell his story, is it fair to completely remove someone's credibility because of their speaking style?
@jamess.2491
@jamess.2491 Ай бұрын
@@cgspartan87 When the story is complete and utter nonsense, yes.
@Chazza..
@Chazza.. Ай бұрын
Its bullshit.
@helloh5372
@helloh5372 20 күн бұрын
He uses 'I' most of the time though..
@blakemcleroy4812
@blakemcleroy4812 4 ай бұрын
My little brother and the fraternity made it to Wall Street. He said he was making about $600,000 at 29 years old. Now he is a truck driver.
@daimu7971
@daimu7971 22 күн бұрын
No wrong with that I’m at 523k with a month to go
@JamesBrewerDJ
@JamesBrewerDJ 4 ай бұрын
Great video. And a lesson in how to say, "I signed an NDA", without actually saying it!
@jonosay854
@jonosay854 4 ай бұрын
I mean, he did literally say "what I'm allowed to tell you (or say)," so...
@TStizzle19
@TStizzle19 4 ай бұрын
​@@jonosay854 okay congratulations on proving that he didn't say "I signed an NDA?"
@roberthorry621
@roberthorry621 4 ай бұрын
@@TStizzle19 quiet you
@bzmin99
@bzmin99 4 ай бұрын
Imma use that
@K-wx6ki
@K-wx6ki 4 ай бұрын
but did he sign a non disparagement
@auguststafford
@auguststafford 4 ай бұрын
man, more of this guy. he's got such a unique perspective.
@Gold.Circle.
@Gold.Circle. 4 ай бұрын
You are clueless if you think he is intelligent
@s.t.d3876
@s.t.d3876 4 ай бұрын
@@Gold.Circle.a unique perspective may be more valuable than mere intelligence
@SABILI_VIDEO
@SABILI_VIDEO 4 ай бұрын
@@Gold.Circle.Thats an interesting perspective. I thought he was intelligent as he had two degrees from the best universities in the country and he was successful in a global financial institution. What should I be considering that I am missing?
@akshatjain2775
@akshatjain2775 4 ай бұрын
He has had a youtube channel for years: Garys Economics
@Gold.Circle.
@Gold.Circle. 4 ай бұрын
@@SABILI_VIDEO BBC shill. Marxist. Doesn't say anything other than tax the rich. This guy will not educate you on the fiat system and how money is printed
@erstwhile3793
@erstwhile3793 3 ай бұрын
I would like to see who he becomes as an older man, with more seasoning and experience. What he might have to say after raising a family, for instance. He seems a solid, thoughtful, and self-aware person. What he’s saying isn’t news, but I really appreciate hearing his unique perspective on it.
@xelefonte
@xelefonte 4 ай бұрын
I like the simplistic nature of this dude. He comes from a poor background but he didn’t allow the sudden access of money and opulence to change him. Look at him, he’s wearing a black T-shirt with no jewelry…nothing flamboyant and he looks like any dude you would see on the street. He is a real one.
@rhysfridays3871
@rhysfridays3871 4 ай бұрын
id be careful. his solution to these problems is more government, the first podcast i saw him on i later found out was funded by george soros. for someone with a 'radical' agenda he sure is finding main stream publicity easily
@brendanwiley9460
@brendanwiley9460 4 ай бұрын
Great guy, clearly hyperintelligent, not only the mathematical ability but street smarts, ability to read people, adapt to games. Really impressive. Going to start watching his youtube videos now :)
@freezing5
@freezing5 4 ай бұрын
Traders always tended to have this simple look.
@sebbar
@sebbar 4 ай бұрын
Is this comment section full of bots?
@threepe0
@threepe0 4 ай бұрын
That’s the conclusion that you come to all on your own with absolutely no evidence. Wild 🤪 You know, he could be just some random talking straight out of his balloon knot
@Jingx
@Jingx 4 ай бұрын
I worked in trading at Citi in 2022. Environment is quite a bit different now, but still undertones of what Gary mentions. P&L is everything, and having that number floating above your head at all times truly corrupts
@Victoriaward
@Victoriaward 4 ай бұрын
One of the best interviews of Gary I’ve seen
@NoName-vy8vu
@NoName-vy8vu 4 ай бұрын
He’s a grifter
@MrMozzo
@MrMozzo Күн бұрын
He beat me to it. He's just a clever sleazy guy selling a book.
@Cristian_M_
@Cristian_M_ 10 күн бұрын
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life..
@Derrick_Chavez
@Derrick_Chavez 10 күн бұрын
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
@tracyholian2944
@tracyholian2944 10 күн бұрын
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@thylda7877
@thylda7877 10 күн бұрын
You are right. Been thinking of going into gold and cyptocurrency
@patricklemmy679
@patricklemmy679 10 күн бұрын
It's obvious everyone is doing this online Investment
@kirstenraedmund7346
@kirstenraedmund7346 10 күн бұрын
​@@patricklemmy679 I totally agree with you it has been an eye-opening experience for a lot of people
@Ju5tBU
@Ju5tBU 4 ай бұрын
for those how believe in HR, they are not there to help you as an employee, they are there to help company get rid of you and not being sued for it. They will never be on your side. Also where there I money there is drugs, im not suprised that they all been on cocainie and done dodgy deals. Know that your investment banker is on drugs, does it make them better as traders tho? Its all so FUp Defo keep it coming Garyand educating people how screwed we are.
@EMITAKAMURO
@EMITAKAMURO 4 ай бұрын
He's so intelligent to explain such complicated industry / world so easily understandable in a very entertaining and honest way!! Loved it.
@cmichael2967
@cmichael2967 4 ай бұрын
Smart people have simplistic ways of explaining complicated things to the barest minimum. There is no need to show flowery or technical jargons to impress. There is always a level of corkiness or nonchalance in their attitude that make it look easy until you try to do it.This guy is awesome
@boohoo5419
@boohoo5419 4 ай бұрын
no he isnt.. you are not the sharpest knife if you really think one word of that is true. dude has not even basic understanding of math or finance. everytime he talks numbers its so damn obvious!
@pas.
@pas. 4 ай бұрын
the basics are not complicated, big organizations need various financial services. many of these involve so huge cash flows (when aggregated together) that it makes sense to have a real time spot market for it. (pricing loans based on interbank rates which is basically set by the central bank. so Citi takes the loan on the interbank market and loans it out at a higher rate to a client. if it's in the future then there's a huuge risk premium, but based on bond prices he was able to give out rates that were almost sure to make money ... ) it sounds good (and complex) that he was predicting strength of economies ... and despite him betting on collapse ... he was working during the post-2009 boom, there was no collapse between 2010-2014 🤷 maybe he gives more details in his book
@EdB-w7i
@EdB-w7i 3 ай бұрын
@@pas. You make it sound too simple, actually you did. Your description is nowhere near reality.
@Citricut2
@Citricut2 4 ай бұрын
I work at a trading floor and this is so spot on. Listening to it from someone else is kind of revealing.
@stanvanillo9831
@stanvanillo9831 4 ай бұрын
bullshit. No way you work on a trading floor
@PDI333
@PDI333 4 ай бұрын
@@stanvanillo9831why is it bullshit? I do as well.
@musicjuly3415
@musicjuly3415 4 ай бұрын
No you didn't
@AramCompton
@AramCompton 3 ай бұрын
His story at around the 12.00 mark is weird. I live in switzerland and the central bank didn't cut rates in 2010 at all, didn't make them negative till 2015, and they were never even close to - 4.5%. Pretty odd mistake to make when he's saying his job was to trade swiss interest rates for several years...
@officerk8697
@officerk8697 3 ай бұрын
He's a fraud
@BD-qc8zz
@BD-qc8zz 3 ай бұрын
exactly I saw the crash of EURCHF when they cut interest rate even Alpari a broker in the UK went under I was a hobby trader back then like you said it was in 2015 and I remember that was being a milestone event another thing that rang a bell for me was if he was such a star trader I mean surely he can make a comfortable living trading his own money as a retail trader ? I mean if he can really trade what stops him from trading for himself instead of doing whatever he's doing to make an alright living ? I mean he's said he wants to achieve financial comfort and yet he refers to himself as a multimillionaire that's two contradicting words in a single sentence something seems a bit off here I don't know what.
@MrKigo1
@MrKigo1 3 ай бұрын
Looked that up too, well, he just lost all credibility ...
@NudelKungen.
@NudelKungen. 3 ай бұрын
Not sure if this guy is legit or not but someone answered what he meant by this in another comment: "He was holding a position where he simultaneously borrowed CHF and lent USD in a product known as an FX swap. In 26:24, he clearly explained that he was on the STIRT desk. A large part of STIRT involves market making and risk taking in FX swaps. On 20th January 2015, tom-next USDCHF FX implied yields did touch -4.25% ~ circa. (This is a 1-day interest rate starting tomorrow and ending the day after tomorrow)"
@blisswinters2527
@blisswinters2527 Ай бұрын
@@BD-qc8zz Trading when you have a metric shtload of analysts sending you things, big money players controlling capital flow, and the most intelligent traders in the world as your coworkers is very different to sitting in your bedroom with a position size that's 1% of your professional life's, none of the surrounding features of a bank and you're not doing it full time. Instituional and retail trading, despite what KZbinrs say are EXTREMELY different concepts even for former professionals
@OllieMarshall92
@OllieMarshall92 4 ай бұрын
I'd never heard him say about his boss effectively threatening him/making his life difficult when he wanted to leave. Great interview
@Noallegiance
@Noallegiance 4 ай бұрын
The irony of understanding that society is heading to a dark place, knowing that very few people are listening and realising that the only thing worth your effort is making money off it to try and salvage yourself and the people you care about, then watching all those who wouldn't listen suffer and watching all those who knew and had the platform to warn and change things do nothing and profit themselves. It will never stop. We're on a cycle of cycles.
@Skadivore
@Skadivore 4 ай бұрын
That’s how I feel about AI and AGI
@Google_Does_Evil_Now
@Google_Does_Evil_Now 4 ай бұрын
But he was that and thought about it and is trying to make a difference. His videos are enlightening.
@Noallegiance
@Noallegiance 4 ай бұрын
@@Google_Does_Evil_Now This vidoes is interesting learning about his experiences. IMO he's wrong with his ideas on inequality.
@beatsandstuff
@beatsandstuff 4 ай бұрын
🍓
@storage9578
@storage9578 4 ай бұрын
Oldest "everyone getting played" warning i ever saw: There is an egyptian pyramid mural showing 2 kings sending their armies against each other held up by peasants and behind 2 kings stand 2 greater figures that reach out shaking hands over the battlefield.
@g0r3ify
@g0r3ify 4 ай бұрын
And now contemplate over the fact, that these guys he described are one of the best paid individuals our society produces. While studies show that they are actually a net cost for society.
@lm_b5080
@lm_b5080 4 ай бұрын
and the government bails their crazy asses out every few years
@gorkyd7912
@gorkyd7912 4 ай бұрын
Fake money makes fake people who have fake careers. Who else is ridiculously high paid in society? Entertainers: people who make stupid little songs and dance around on video. Sports stars: people who bounce a ball on the ground.
@poindextertunes
@poindextertunes 4 ай бұрын
@@gorkyd7912you sound bitter 😂
@Simon-beast
@Simon-beast 4 ай бұрын
⁠you sound stupid
@anirbanmukhopadhyay3852
@anirbanmukhopadhyay3852 2 ай бұрын
One of the Best & Authentic videos, I have seen over a very long period of time in KZbin
@speero
@speero 4 ай бұрын
back in the day the reason you got this cast of characters on prop desks is because keeping what you kill and surviving in the market requires a very specific type of person: you have to be just smart enough to recognize good opportunities, but just dumb enough to push your chips into the center when you're not completely sure it will work. also traders are all addicts of something whether they want to admit it or not. if you think you aren't, you just haven't been in the game long enough to find your vice, or you know it deep down and are in denial. whether it be gambling, substances, greed, risky endeavors, or just simply winning in the biggest zero sum game on earth - addiction is a double edged sword found in the best and worst traders, and sometimes both (extra Jessie Livermore).
@ExpensivePizza
@ExpensivePizza 4 ай бұрын
I spent about 6 years studying economics and money. Some of the stuff I discovered aligns perfectly with what he was saying at the end of the video about banks, governments and the media. Lots of people know the problems and not many people are actually trying to fix them. The conclusion I came to is that it's the money itself that's broken. When money is broken, the incentives are all wrong.
@benghiskahn3673
@benghiskahn3673 4 ай бұрын
There's more money to be made from exploiting the holes and cracks that exist on the system than acting quickly to fix them. The people that know about or even create these cracks will only ever act in their best interests when the rewards are so huge.
@lm_b5080
@lm_b5080 4 ай бұрын
what do you mean "money is broken" ? and how would you say a good government would be able to fix / control this?
@ExpensivePizza
@ExpensivePizza 4 ай бұрын
@@lm_b5080 Money is much more than coins and notes in your wallet or bank account. Money is also set of rules that have become a system of control. Central banks and governments control the supply of money in a way that unevenly and unfairly distributes wealth to those in power and steals the purchasing power of everyone else. Not only does it widen the divide between rich and poor but it also gives governments the ability to do things they wouldn't otherwise be able to do like fund wars and bailout businesses that would otherwise not survive in a free market economy. The negative effects on society cannot be understated. Fixing the problems from within the existing system is not easy. First of all, they are not incentivized to fix something that's working as intended but even if they where it would be devastating to the economy. There's essentially 5 ways they could solve it... massively reducing spending, massively raising taxes, financial repression, expunging the debt or massively growing GDP. Most of these are not politically popular and would make everyone's lives miserable. The last is just not easy without some insane technological revolution. There are two other alternatives that might work. One peaceful and the other not so much. The first is building a parallel financial system outside the hands of governments and slowly adopting it. The second is another world war that resets the monetary system and creates a new world order much like happened at the end of WW2 (and I don't think anyone wants that).
@naumanayub1348
@naumanayub1348 4 ай бұрын
Paper money is printable, that's why it is broken.
@Gentleman...Driver
@Gentleman...Driver 4 ай бұрын
@@naumanayub1348 This really is a bit more complex as you try to make it. But lets start first with money: its not broken, its a good idea. Before money, people would trade goods. They would trade five sheeps for a cow. Or maybe a tool for something to eat. Thats fine within your village. But when economies are growing beyond that, its hard to take your assetts with you that you want to sell in exchange for some other assetts. Thats where money comes into the game. Then there is people that critisize FIAT money. They want to go back to the "good old times" when the US Dollar was bonded to the gold standard. They forget that this wasnt a good idea. It led to the worst economic crisis we ever had. The great depression... With millions losing their homes, tens of thousands of suicides, and people starving on the streets, holding signs up that they will do any job as long as they get something to eat. Some people also try to blame the capitalistic system. As if the communistic theories ever worked! In fact, capitalism has also a few upsides. Like competition is good for technological advancements. Just an example. You could clearly see how far behind communist societies were in the 1990s after the iron curtain fell. There wasnt any competition at all. No incentive to be better or more productive. Even the Chinese realized that and gave way to a at least partially capitalistic approach. What really is to blame is neoliberalism. Its an economic theory. "If the rich and the big companies have a good time, the poor will also have a good time." Thats basically it. And with it comes privatization of state owned assetts (like rail or telecommunication or highways). With it comes more lobbiism. With it comes that the rich can do whatever they want. It reminds me of the late republic era of the Roman Empire. Unfortunately ALMOST every political party is neoliberal (has nothing to do what you Americans call "liberals" by the way).
@althoff123
@althoff123 4 ай бұрын
I don’t know why I’m watching but this is amazing. It’s so interesting. I’m so glad I clicked it.
@marble296
@marble296 4 ай бұрын
He has a KZbin channel. Gary's economics
@Onephotoinc
@Onephotoinc 4 ай бұрын
Hey, do you trade forex?
@markbenjamin1703
@markbenjamin1703 4 ай бұрын
​@@marble296He's the Jay Slater of economics, he's been called out before. The Swiss National Bank have never cut interest rates to -4.5%, when he mentioned the trillion dollar thing, he would have had to have been contributing 1/3 of the entire market flow
@yellayettithemythical7045
@yellayettithemythical7045 Ай бұрын
5:45 that sh*t had me in stitches bro😂😂😂 dude was possessed
@Jordan-KA
@Jordan-KA Ай бұрын
Literally manifesting a demon
@Asma_Mushtaq
@Asma_Mushtaq Ай бұрын
​@@Jordan-KAI'm glad others caught that.
@emilg33
@emilg33 26 күн бұрын
probably, i mean all banks do is steal money from people? very demonic
@Jedermeister
@Jedermeister 4 ай бұрын
Love Gary. He knows the score; inequality is the problem. His book is great!
@madeinengland1212
@madeinengland1212 4 ай бұрын
Thats a cycle. Poor political management. Traders trade on the basis that they are smarter and quicker and less narcissistic than politicians
@NoName-vy8vu
@NoName-vy8vu 4 ай бұрын
He’s a grifter
@sko1beer
@sko1beer 4 ай бұрын
nothing is going to change 😁
@Plum-dum
@Plum-dum 4 ай бұрын
What's the book?
@HeyHeyForMe
@HeyHeyForMe 4 ай бұрын
​@@NoName-vy8vuShhh
@jotv7224
@jotv7224 4 ай бұрын
people who grow up poor and actually make it out and get involved with these type of people and this type of money i think its hard to not look at the entire system and say its fucked.
@jotv7224
@jotv7224 4 ай бұрын
especially when you see the inefficiency of it all
@lalouloune6156
@lalouloune6156 4 ай бұрын
I think it's more the lack of limits and greed. As he said they can get away with a lot of things. No concept of take a little, give a little.
@pathfinderwellcare
@pathfinderwellcare 4 ай бұрын
Correct.
@geechisuede98
@geechisuede98 3 ай бұрын
Its because people like him come from the bottom and can look at both sides and see the situation. If you're wealthy, and go to work to be more wealthy it just looks the same. People that are that rich really do live in another world. They have no idea what its like working a 9-5 and having to live a "regular" life. Chores, yard work, getting kids ready for school, rent increase.....foreign concepts. They don't even wear coats.
@VonDutchNL
@VonDutchNL 4 ай бұрын
He's exactly my age. In 2010, i was backpacking through Thailand while he got a 400k bonus. Lol.
@garyseconomics
@garyseconomics 4 ай бұрын
You probably had more fun tbf
@Lufy-g6q
@Lufy-g6q 4 ай бұрын
​@garyseconomics but it's good you quit and you now can have fun while you already made a ton of money mate
@istvanpraha
@istvanpraha 4 ай бұрын
I was 30 and just figuring out life. It's crazy how young he was when he was doing this!
@L4wr3nc3810
@L4wr3nc3810 4 ай бұрын
Well you both were doing something the vast majority of people on earth cant do so 🤷‍♂️
@badyoutuber1986
@badyoutuber1986 4 ай бұрын
I'm the around the age he is reminiscing about and i can't even buy my own food. Is it me am i doing some wrong?
@lorenzom8769
@lorenzom8769 14 күн бұрын
I would absolutely love to meet this guy. I’m 31 year old an investor from a working class background who wishes he followed the same career path… but like him, I’d have parted left the industry in fairly short order. Respect
@ashd175
@ashd175 4 ай бұрын
this guy is so real, love how he spits out the truth about the world of trading/ money/ power etc - thank you gary!
@musicjuly3415
@musicjuly3415 4 ай бұрын
he's not really and it's not truthful
@seantewillis
@seantewillis 4 ай бұрын
Most of these youtube interviews are straight up vanity profiles. THIS dude is real AF.
@xx765
@xx765 4 ай бұрын
not really
@seantewillis
@seantewillis 4 ай бұрын
@@xx765 Yah? Got an ax to grind?
@NoName-vy8vu
@NoName-vy8vu 4 ай бұрын
He’s a grifter. His story stinks
@spenndoolie
@spenndoolie 4 ай бұрын
no he really isnt he's a grifter over hyping whats a bank trader does... he's acting like he's a hedge fund guy
@y0upubes
@y0upubes 4 ай бұрын
@@NoName-vy8vuif he’s a grifter, what’s he selling?
@RB-hw7yg
@RB-hw7yg 4 ай бұрын
Gary for PM, we need somebody with integrity as well as brains leading the country!
@dparag14
@dparag14 4 ай бұрын
Dude is very sharp with numbers. Damn.
@stannats2637
@stannats2637 4 ай бұрын
He would be smeared by the corporations that own the the world in one second. All politicians are puppets
@sko1beer
@sko1beer 4 ай бұрын
you stick him on a poker table with hugh hendry warren buffet and michael burry watch him walk away with nothing 😂
@kurriedone741
@kurriedone741 4 ай бұрын
Again, another excellent video! Have seen this guy before on KZbin and I feel his message is getting stronger and stronger by the day.
@Nina-md3tm
@Nina-md3tm 4 ай бұрын
Gary's Economics is the best channel on KZbin
@markbenjamin1703
@markbenjamin1703 4 ай бұрын
He's the Jay Slater of economics, he's been called out before. The Swiss National Bank have never cut interest rates to -4.5%, when he mentioned the trillion dollar thing, he would have had to have been contributing 1/3 of the entire market flow.
@chromaticvisuelle
@chromaticvisuelle 3 ай бұрын
@@markbenjamin1703what are you talking about??
@mrrolandlawrence
@mrrolandlawrence 4 ай бұрын
one of my best friends who worked the city said they changed phone handsets to the older ones for the reason that they stronger and would smash a screen for the traders satisfaction - during a bad event. the trader was then to "go outside for 30 mins and have a line of courage" and then get back in the game. in the 30 mins everything would be replaced like nothing happened.
@martian8987
@martian8987 4 ай бұрын
So someone enabled their bad habits?! Truly finance (as an industry) is fucked on every level.
@mrrolandlawrence
@mrrolandlawrence 4 ай бұрын
@@martian8987 money talks. loosers go home. ive seen it. security with HR come, you are not allowed to touch a keyboard. your desk & drawers are emptied. whats yours you take home. you then get escorted outside. badge / pass removed. never allowed on premises again.
@EdB-w7i
@EdB-w7i 3 ай бұрын
Absolute fictions
@mrrolandlawrence
@mrrolandlawrence 3 ай бұрын
@@EdB-w7i do well and get what you want. Also my favourite saying in the city - ask no questions, tell no lies. Gary is being super polite about what goes on in the city.
@EdB-w7i
@EdB-w7i 3 ай бұрын
@@mrrolandlawrence glad they knew the bad events in advance so they could change the handsets. Makes no sense. It’s complete fiction.
@noahgungadoo4913
@noahgungadoo4913 4 ай бұрын
Impressive. Very nice. Now I need to return some video tapes
@TheReaIHoneybadger
@TheReaIHoneybadger 3 ай бұрын
Based comment.
@vivek27789
@vivek27789 Ай бұрын
😮
@mvsnforce
@mvsnforce 3 ай бұрын
I work at an investment bank in Brazil. I'm not going to say that there's something wrong with this statement, but I can will say that something about this feels odd to me. I know that anyone who reads this comment and has a pre-conceived image might curse me and say that I'm lying. I'm not defending the industry in any way, but something doesn't seem legit to me. This level of production and there is no real record of any kind of his time working for an investment banking? No video or photos of any king blurring his paws or the trading floor but showing some actual proof? and what about so many comments that seem sto be generated by chatgpt? very odd... imagine watching some of these true crime documentaries from Netflix and instead of showing real photos and records of the people who appear in the documentary, they show photos of Christian Bale with an ax to illustrate a serial killer?
@Gheyda12
@Gheyda12 3 ай бұрын
I was thinking the same thing. 80 percent of the comments feel like they arent real people typing.
@dila01
@dila01 4 ай бұрын
Yo this nashing and growling his teeth story had me floored 😂😂😂😂
@filipesrubio4015
@filipesrubio4015 4 ай бұрын
I dont see why would you prefer apple cider over vegetables since the properties are like what was described here
@jmoz
@jmoz 4 ай бұрын
One of the most visceral re-enactments I've seen. Like the old Aussie man in an interview about some dogs who came bounding over.
@OmniscientReadr
@OmniscientReadr 4 ай бұрын
Gary having to deal with these coke heads… aw man I would’ve had the same reaction as him during his co workers crash out😹
@jazzpote4316
@jazzpote4316 4 ай бұрын
Demon possession
@JohnSmith-zy1ur
@JohnSmith-zy1ur 4 ай бұрын
Gnashing*
@nowa1277
@nowa1277 4 ай бұрын
Such a smart guy. I loved this. So much truth. I also like that he decided to meet with himself, act on his values and isn't giving up. That's all we can do, our best.
@petel3366
@petel3366 4 ай бұрын
Worked in investment banking in the early 90s. By the time 2010’s came along most of the business was changed and gone away. I take a lot of what is said here with a pinch of salt.
@ishma2100
@ishma2100 4 ай бұрын
And yet Another commenter who is also a big time bank trader says he can relate in every way what this man is saying when he used to trade in New York City
@markt8517
@markt8517 4 ай бұрын
Guy says he never did cocaine yet touches his nose every time he talks about it lmao
@petel3366
@petel3366 4 ай бұрын
There are plenty of war veterans that fought battles that never happened. There are plenty of guys that claim sexual conquests that never happened. Never overlook the need for people to keep a story going. Freddy star never it the head off a hamster but a lot of people believe he did because popular culture decrees it so. I may ask about in regards to corroborate the most profitable fx trader- it’s a small world is the city of London.
@hellouser5498
@hellouser5498 4 ай бұрын
Add fake mobsters, mafia bosses that pop up on YT. Also frank abagnale was fake fraudster
@bryceclark8985
@bryceclark8985 4 ай бұрын
Which firm did you work under?
@MeilyChhon
@MeilyChhon 2 ай бұрын
The algorithm got me in the best of the best KZbin video from Insider. Gary, I will never forget you now whenever I think of trading.
@Victordecarvalho94
@Victordecarvalho94 4 ай бұрын
Dude, that caption is wild.❤‍🔥❤‍🔥❤‍🔥❤‍🔥❤‍🔥
@MouldySponge
@MouldySponge 4 ай бұрын
I dont think I learned a single thing about how anything works from this video.
@ronswanson1410
@ronswanson1410 4 ай бұрын
Yes you did. Rich people require drugs People who trade are degens The difference between you and them is not one of skill
@Wintermute-088
@Wintermute-088 3 ай бұрын
So, you just learnt how it works.
@alinvizitiu9334
@alinvizitiu9334 3 ай бұрын
Because it's all completely made up garbage that doesn't even make sense if you actually listen to it and break up the stupid things he says into smaller parts , it just doesn't make any sense at all . This guy is a fraud and the only thing he said that was true is in the first few minutes when he said that "coke heads talk a lot really fast and don't make any sense " he's the coke head talking absolute bullshit
@sele4049
@sele4049 3 ай бұрын
You can't blame anyone but yourself for that.
@jeffdidntkhs3945
@jeffdidntkhs3945 3 ай бұрын
Cocaine basically
@stevensumner3146
@stevensumner3146 4 ай бұрын
That Brad Pitt moment ‘Don’t celebrate!’ Priceless and then when asked why he helped he said ‘You wanted to get rich, now you’re rich!’ Simple and he’d left and was studying seeds and having a home farm plantation…
@Fif5t0014
@Fif5t0014 4 ай бұрын
It's refreshing to see someone who has been uber successful in what A LOT of people can only aspire to able to keep his humanity.
@johnpower29
@johnpower29 4 ай бұрын
His book is great, I'd highly recommend it.
@KarlaSalazar-g4i
@KarlaSalazar-g4i 4 ай бұрын
What’s the name of the book?
@theprince1795
@theprince1795 4 ай бұрын
The trading game
@mr.j410
@mr.j410 4 ай бұрын
What's his name?
@maleldil1
@maleldil1 4 ай бұрын
@@mr.j410 Gary Stevenson
@jessicahansen1288
@jessicahansen1288 4 ай бұрын
The book is The Trading Game by Gary Stephenson, and it's excellent. The audiobook is also excellent.
@r.lee6924
@r.lee6924 4 ай бұрын
Is there any proof he was one of the best traders?? I’ve seen about 4 interviews with him and a lot of his videos on his channel. He always mentions it, I feel like he wants to just be famous and give the illusion that he’s super smart.
@1Plebeian
@1Plebeian 5 күн бұрын
If I was once the best trader at huge bank, I would mention it a ton.
@SandraBurgess9
@SandraBurgess9 2 ай бұрын
However many here should know there’s never financial freedom, it’s never-ending, you always have to thrive to get more and there are no shortcuts to wealth but there are ways to go about it. Fellow wealthy ones don’t tell the poor/middle class they need the knowledge of finance coaches/tutors for optimal growth.
@SandraBurgess9
@SandraBurgess9 2 ай бұрын
EIizabeth Greenhunts
@aciuschristophores7789
@aciuschristophores7789 3 ай бұрын
This was beyond brilliant. This brilliant young man's conscience eventually brought him out from being "stuck in skyscrapers". Amazing watch.
@mtallents
@mtallents 4 ай бұрын
Gary *pleaaaase* keep going, love what you’re doing, the more people literate the better
@mgmonteiro1
@mgmonteiro1 4 ай бұрын
28:50 "Actually, nobody's trying to fix it" yeah that's pretty accurate - work is so hyper specialized and so self absorbed that no one really has the big picture in mind anymore, not even the people who ironically should literally have the big picture as their job description (e.g politicians)
@ThaJay
@ThaJay 4 ай бұрын
Politicians are usually either bought, blocked or silenced
@ewfse364u35jh
@ewfse364u35jh 4 ай бұрын
No, you should have big picture - if you want to see it. Politicians unfortunatelly need a very narrow picture on hot to get elected. I'm not really sure if I would like economy to be fixed... I've lived in economy that did not had open market already and it is worst possible "fix" and I can 't even care anymore, that Westerners are experienciing their cultural revolution and are ready to make a mass suicide through mass murder, because that fixing mindset is leading only to that. Unfortunatelly even this guy does not understand, that world does not need any fixing - it functions as expected, however poor needs to be fixed - and 99% of them don't want to understand that if they want to change their life they need to change their ways of thinking.
@mharley3791
@mharley3791 3 ай бұрын
This is just not true. There are literally millions of people working on things you know nothing about trying to make the world a better place.
@Dalabombana
@Dalabombana Ай бұрын
@@mharley3791’they’ need to hurry up and get into government then 😂
@johnthomas2970
@johnthomas2970 4 ай бұрын
What a great interview - feels like something I'd see back on Vice in the day - good job producers and Gary!
@chrisf1600
@chrisf1600 4 ай бұрын
I'm pretty sure it's just him in an empty room, pretending to talk to an off-screen "interviewer"
@narudh
@narudh 2 ай бұрын
I also went to the LSE, didn’t get a job in the city as I also didn’t know about internship, but eventually got a job in investment banking in my home country (a “poor country” though), and now working in media. Just wanted to say what a great interview and great piece of journalism. What a story.
@A.071
@A.071 2 ай бұрын
How was Lse
@narudh
@narudh Ай бұрын
@ it kinda sucked
@matekovacs9166
@matekovacs9166 4 ай бұрын
Going through something similiar right now. It´s good to see the perspectives of someone with a similiar mindset and background. Thanks!
@lukhanyovictor
@lukhanyovictor 4 ай бұрын
Are you a banker?
@steak5599
@steak5599 4 ай бұрын
You are a trader?
@linabuns
@linabuns 4 ай бұрын
Ive worked in sales for a privatejet company. same toxic colleagues and environment. changed the company after 4y to a smaller one and it's so much better
@nhardaker
@nhardaker 4 ай бұрын
Nearly flicked on to another video of someone familiar, glad I watched this one. Legend!!
@trappedinthedark8574
@trappedinthedark8574 24 күн бұрын
I would bet that most of us here if in Gary’s shoes would’ve continued trading and earning the big numbers. This is why I respect Gary so much for walking away from all the extra millions he could’ve earned, to educate us and bring awareness of how bleak the future looks.
@nr875
@nr875 4 ай бұрын
He said that a lot of brokers come from really rich backgrounds, but then he said a lot of brokers come from poor backgrounds. I’m curious to know which background is the majority in the broker world.
@jackwhupage
@jackwhupage 4 ай бұрын
A trader is different to a broker.
@annjuurinen6553
@annjuurinen6553 4 ай бұрын
Amazing story. Morality makes a difference. Gary is one of the bright lights leading the way forward.
@human_error1
@human_error1 4 ай бұрын
“People are doing extra curricular through school, like founded junior United Nations, or some sh*t. I was trying to be a Grime Rapper. I was fu*ked, basically…” 😂
@stephenrhughes
@stephenrhughes 4 ай бұрын
Guy went to a selective London Grammar School.
@sx1031
@sx1031 28 күн бұрын
Damn got me immersed in it thru the whole episode Lad is a real one, hope u r well mate
@felixjones9198
@felixjones9198 4 ай бұрын
As a former coke dealer to guys like this: yeah.
@osiris654
@osiris654 4 ай бұрын
👮‍♂️
@Plum-dum
@Plum-dum 4 ай бұрын
They watchin'
@WhyWorldWet
@WhyWorldWet 4 ай бұрын
Legendary Interview, Thanks Insider
@garyseconomics
@garyseconomics 4 ай бұрын
​@GaryStevenson-YTthat guy above is not me FYI
@marcusjohnstone6561
@marcusjohnstone6561 4 ай бұрын
Gary, your honesty is legendary status
@markbenjamin1703
@markbenjamin1703 4 ай бұрын
He's the Jay Slater of economics, he's been called out before. The Swiss National Bank have never cut interest rates to -4.5%, when he mentioned the trillion dollar thing, he would have had to have been contributing 1/3 of the entire market flow
@BetoCrypto68
@BetoCrypto68 3 ай бұрын
Loved every minute of this video! 🌟 The step-by-step guide was perfect for beginners.
@Alex-cw3rz
@Alex-cw3rz 4 ай бұрын
Great to see Gary Stevenson getting out there
@marcusjohnstone6561
@marcusjohnstone6561 4 ай бұрын
Admirable, honest and really valuable insights into how and why UK is in such a mess.
@jessicahansen1288
@jessicahansen1288 4 ай бұрын
It's everywhere, not just the UK
@monguzzle
@monguzzle 4 ай бұрын
He's wise to remain highly visible to the public. I can imagine he's pissed off a few people.
@SWAZIGOLD
@SWAZIGOLD 3 ай бұрын
GREATEST AD FOR NANDOS !!!...EVER ! 😎 🇿🇦
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