Louis CK on Money

Louis CK talk about the financial situation / the stock market trading and loans and how to survive it on the O&A show
This video is a part of a playlist and a compilation of Louis CK's best moments on the O&A shows. PLAYLIST: goo.gl/OaLqY9
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Keywords
Law Firm, Car Insurance, Annuity, stock market,sell stock, loans, insurance, Donate a Car, Lawyers, College,Trade Center, Auto Insurance Car, Injury, law, firm, Forex Trading,Online Stock Trading, Business , mortgage , attorney ,credit ,lawyer ,gas ,electricity ,classes ,hosting, degree ,claim.

[@benkasameyer6582]

Jimmy coming in clutch with the fake “Well our dollar is backed by gold.” And the wink to Ant. Opie was clueless.

[@andrianjuric2732]

"all our money is going towards experiences and orgasams. we're not making anything" - a group of comedians

[@judgeholden6761]

This was great to listen to after watching "The Big Short."

[@sergeymeshkov]

Woss Hurnbee my thoughts exactly

[@SV42165]

Yeah best movie!

[@eerievibes6854]

Sounds like my honeymoon

[@tobymcgroby8967]

I still can't get over how great Louis is at explaining common concepts in unique, interesting ways... How does he get that sideways perspective? I wish I could do that

[@JamieRobles1]

that implosion that he talks about is happening now, because we cannot collectively deal with a crisis.

[@adamyoung3111]

take psychedelic drugs

[@BigFatCock0]

When you understand something well enough, you can explain it simply.

[@robkeane3197]

LSD

[@armorykittington]

Acid

[@chillphil967]

"Must be a huge company" lolol Jimmy Norton

[@sirsir9665]

It's crazy how smart Louis CK is. It seems like a a lot of comedians are very intelligent I guess you have to be to come up with jokes all the time and have a good act

[@annchovie8748]

It's true. Lots of people try very hard to be comedians. So to be the very best, you would have to be a genius

[@chrisbardolph2625]

It’s easy to take a comedy act for granted. Try writing one good joke, which most people probably can’t even do, and then realize it takes a minute or two to deliver. Now imagine filling an hour in a comedy special. Yeah you gotta be clever to do that.

[@LivingBGLegend]

I’m trying to do comedy and I can hardly come up with 1 minute worth a material

[@gutsfiend6678]

John Doe they were all consensual

[@hateyouguys702]

@@gutsfiend6678 not the point.... at all.

[@chriskaprys]

That subway observation from Louis just made me spit my drink and nearly bust my gut laughing so hard. That was perfect.

[@karljung5210]

For reference, this is from 2008 when the market crashed

[@plumbusman]

But i love listening NOW and getting both foreshadowing to present and/ or how little has changed

[@haaste_mies]

And that is the best time to buy stocks.

[@TheSoulBlossom]

@@haaste_mies fuck you

[@TheSoulBlossom]

@Juan C Salinas bless you! (I think your mom sneezed)

[@tomatoesandradiowire482]

It’s actually from the 20’s during the great depression

[@bezoozime9170]

Shits & giggles aside , LCK is actually throwing some facts out there

[@justinmensh6025]

That comedian is dane cook

[@jcmoney11111]

Louis is 100% correct about diamonds. Do not spend a dime on them.

[@michaellubischer9405]

This is probably the single most useful thing I've heard in 2020

[@ass2mouthallday]

Very entertaining when Louis is on the show. Such a smart fucking man.

[@user-dd9is6iy9m]

I love when all 4 of them are talking all at the same time, it is just so nice, as a listener.

[@TheWaross]

bottle caps are the answer.

[@generaldom]

What're you, a Vault Dweller or somethin'?!

[@Glock9]

Thumbs up for all Fallout references.

[@eggloll]

well there is a cap counterfeiting shack in new vegas

[@corduroykumquat]

Dom's Sketch Cast you associate with the melon.

[@thehorseformerlywithoutana2522]

I dumped my retirement savings into beanie babies myself. They're gonna make a comeback. You watch.

[@dzfz2100]

jeez, i figured Louis CK was a smart guy based on his brilliant comedy... but I am thoroughly impressed with his financial and economic literacy. Far beyond what I expected. Respect!

[@JimmyJamesJimbo]

He’s half Jew bro lol what did you expect? 😂

[@MegaMoose1989]

Diamonds are worth shit as an investment. Ever try to sell back a diamond ring?

[@rekrn12345]

MegaMoose1989 That's because diamonds are worthless. The people who sell them know this that's why they won't buy them back.

[@Joek9100]

Dude in Africa (where I believe they get most diamonds) diamonds are just there by truck loads.

[@supersmokey1840]

Joek9100 theres also dead bodies by the truck load cause it takes human suffering to get these diamonds so cheap

[@thehorseformerlywithoutana2522]

The only place you can really sell a diamond ring is a pawn shop. Even then, they'll just pay you the least they can to get you out of their store.

[@JimmyJamesJimbo]

Yes I have and I got half the value I originally paid for it lol this comment hurts

[@Silmerano]

Gold doesn't only have value as a place holder. It's an excellent conductor and is in almost every electronic device.

[@johnwalsh6998]

Wade Wilson Part of that is because it doesn’t oxidize - or at least not very easily.

[@iunnox666]

Gold does not oxidize. That's probably why it was originally considered something valuable. It will always have value.

[@rayuk3939]

Jimmy "Jesus, huge company" man that was fast haha

[@brianp5205]

Stones that actually are rare are emeralds, rubies, opal, garnet etc.. They are worth less than diamonds simply because there is no demand.

[@bungalowbob9629]

the only thing we are missing is a video of the podcast

[@johnwalsh6998]

OMG Jimmy - “DIAMOND HATS!🤪” “DIAMOND TIRES!🤪”

[@hubb712]

5:05 i see Louis watched blood diamond lol... the hard of diamonds kept away from everyone for many reasons

[@tomatoesandradiowire482]

I think he might’ve actually been talking about Kevin Hart not Dane Cook. Tho Kevin Hart wasn’t big at this point so maybe Dane.

[@Dolf9271986]

Jimmy on absolute fire in this

[@KYGY2K]

Im far from the typical Opie hater, but man, he had so clearly recently heard a George Carlin special and just regurgitated his material for the last 5 minutes.

[@michaelang2014]

Yeah. Debeer. So true.

[@damiens6465]

I miss O&A! Betting the world decides the Dollar is crap before they Gold is Louie ❤

[@sexywhitebriefs]

3:28 ; awww yimmy

[@johnmichaelpatrick369]

Anything Louis CK !!!

[@russellkgettys24]

At least Anthony learned his lesson from that crisis and waited for a new one (bp oil spill) and made a killing.

[@AHighlander]

Did he say how much?

[@ramdam974]

gold is actually chemically really valuable for a lot of things. It is used in high point industries and you can't artificially create gold today. I can't say the same thing for diamonds, the value of diamonds is bs.

[@CStrik3r]

Yup. Gold is used in everything from phones to astronauts' suits

[@skateboston420]

You actually can artificially create gold, a better term would be chemically synthesize, but obviously it's astronomically not worth it, but it could theoretically be done "for science".

[@iunnox666]

Diamonds are very useful in cutting, drilling, and grinding tools, but they're generally man made.

[@The1Helleri]

Gold has been, is, and will always be valuable. It's not just some illusion of worth. It's one of the single most useful metals, while simultaneously being one of the most rare to occur on earth. it's 99.8% chemically inert. That means it doesn't rust or tarnish and it doesn't react with most acids or bases. It is just about the best metal conductor as well. It has the great ductility (ability to be drawn into a wire without breaking) and malleability (ability to be flattened without cracking). Gold is far superior to even lead for blocking harmful radiation. It's used in foil form to protect delicate instruments on satellites (like the ones that let you utilize GPS or let us see way back to the early universe). It's plated onto to contacts which is a big part of why phones are no longer roughly the size of a brick. Hell there is even 0.2mg of gold in your body, mostly localized around the joints, and it's thought to be essential for healthy joint function. It's actually used in some treatments for arthritis. And a radio-isotope (Au-195) of gold is now used in a medical detection technique called heart imaging. Basically gold is indispensable to your existence. As for Da Beers... A United Nations embargo in 1998 changed their business practices radically. They stopped hoarding diamonds that they had bought millions worth of from disreputable sources (which is what actually happened and not this story that has been passed around since). They are no longer in the price control game. And yes diamond as a mineral is actually very common. When you buy something like a diamond coated saw blade. That is crushed up diamond applied to it with an adhesive. But the nice, big, high clarity, low defect pieces that are worth cutting into gemstones...THOSE are rare. They have to mines tons worth of rough just to find a few. Then there is conflict free certification, The cutting of them into actual gemstones, laser etching microscopic serial numbers onto them, tracking these in a database (again we have to make sure someone didn't die to get that into a newly made engagement ring) this constitutes dozens of man hours for a single stone. You're not just paying for the top grade of an otherwise common material. You're paying for all the work that went into making it look it's best. You're supporting entire communities. And helping to keep 100's of people connected to your 1 stone employed worldwide.

[@comedychannel7691]

Diamonds are like NFTs. They are only worth something as long as there are stupid people buying them.

[@daviszollars3356]

People create value thats forsure

[@jerandecce2473]

09:45 great opie line

[@dickrichard5579]

“Because girls are c**** and they don’t care who dies for their sparkles “ 😂

[@dariopadovan1976]

De Beers….

[@ajaxdgonzo7263]

I've only ever heard comedians talk about this, also they talk about Mr. Show is that good too?

[@Yophillips3272]

Gold and cash is BS, if shit hit the fan only things worth anything would be commodities, food, water etc. Some people just can't grasp that.

[@adamjames6148]

love this one

[@michaelpipkin9942]

Invest in snes games.

[@DontMockMySmock]

The US has never experienced the "hyperinflation" that leads to people using wheelbarrows full of money to buy bread. That's happened in other parts of the world, and saving that money and stealing the bread would NOT have worked in the long run, as those financial systems collapsed and were replaced with new currency. For example, old Zimbabwe hundred-billion-dollar bills are now worth just a couple US dollars, and that's only because of the novelty value.

[@Yophillips3272]

Louies subway analogy was great I wonder about that often, I make cars for other people so I can buy a car, so I can get to work with said car. Like can't we just skip all those steps and just chill. 🤷‍♂️

[@robertlawrence2278]

God I miss this show

[@tornofthe45]

Starburst should make juice lol

[@canaan5337]

when they're talking about people being super excited for that guy that he so rich reminds me of rappers because that's mostly what rap is it's bragging about all the things that you got with all that money that your fans gave you so that they can listen to you brag about all that money that you've got that they gave you

[@whateverittakes1673]

The point of rap is storytelling and entertainment. It's just a audio version of an old western movie where the bad guy wins and the main characters happen to be black. There is also political consciousness rap and other rap subgenres as well. I think Rap gets a bad Rap. (lol.) It's just another musical form.

[@skateboston420]

@@whateverittakes1673 Canaan is referring to what I would call corporate mainstream rap and underground trap music, definitely is what you see on the surface. Go back to the 80s and 90s? It was majority just storytelling, activism, conscious hip hop. Even gangsta rap started out as somewhat conscious with NWA and Ice Tee.

[@nassiissan]

anyone know the artist louie is talking about?

[@andrewnigrosh6815]

when did this first air?

[@Im9002glorious]

Opie hurts every conversation

[@tobymcgroby8967]

Yes he really does.. He kisses Louis' ass a lot too

[@odinponzi9224]

Spot on

[@dannybhoy2739]

The dow is now 28000!

[@d.acraig9123]

Even when we reach the age where computers have replaced cold hard cash (which can be printed in unlimited quantities versus a limited supple of gold, a unique metal), gold demand will still be high out of fear of hackers or "a Skynet situation". If your smart phone gets so smart that it becomes self aware and wants to kill you before it is replaced, you might want some gold coins to exchange for goods and services. It's a form of insurance.

[@jakesommer3914]

Brother, I still call you brother for we share our bonds of blood, tested but unbroken by hatred. Even if I am murdered, which seems inevitable now, know that, brother. You and I are not innocents, so our benedictions of mutual enmity is not tragedy, but horror. This state of silent, shadowed war, of secret poisons and sleeping men strangled in their beds, of the sudden arrow and the artful dagger, has no end that I can see. No possibility for peace. I see the shadows in the room move though the flame of my candle is steady. I know the signs that I …

[@Wifibee]

The painter who Louis CK talked about basically invented NFT monkey pictures.

[@johnstory2996]

Who's the painter he's talking about?

[@unknown5150variable]

@@johnstory2996 @wifibee is wrong, a woman did bored apes.

[@AC__9900]

@@johnstory2996 The actual painter Louis is referencing is Thomas Kinkade

[@tobyiy]

do the math, according to mainstream knowledge, there exists only a 20meter by 20meter by 20meter block of gold on the entire planet. Just by how rare it is, you can assume people will use it to store value. Everyone will default back to gold and silver if money goes to sh't

[@fendajamma]

If they all put $12m in the Dow when they recorded this, it’d be worth $28m now 😂

[@WCGwkf]

You would never want to put all your money into any one thing including gold. I buy silver, and it is heavily used in industry so no one can just decide it's worth nothing, and same goes for gold.

[@AchievementsdaReturn]

The gold at Fort Knox. LMFAO!! Just that shits been empty for years!! Lol

[@DinoDudeDillon]

It's not empty it's just not the basis for the currency anymore. A dollar is not a receipt for gold, it's just a dollar. But yes, the government still has massive gold reserves, and about half of it is stored at Fort Knox.

[@billybussey]

16:30 he is talking about thomas kinkade maybe?

[@KudoMelad]

You can never go wrong with gold.

[@jamesadcock5235]

K Melad yup just need the money to buy it

[@KudoMelad]

True that

[@renuoz]

You can go extremely wrong with gold...

[@KudoMelad]

How so? money loses it's value with time and I am not even going to talk about stocks.. but gold is the safest way.

[@renuoz]

Where does anyone ever get this belief that gold is safer than other growth assets??? Please just check the history of the price of gold and you will see it goes through significant decreases as well as very volatile periods. It is NOT some safe winner (just like all other growth options).

[@butdontaskme5345]

Louis ck in black and white looks like Richard kuklinski

[@TommyLikeTom]

gold is intrinsically valuable because it's non reactive and a great conductor

[@TM-np5lq]

Yes. It's conducive to gold diggers.

[@Munchman1]

Which Comedian were they talking about at 17:17 ?

[@Robert-Sacamano]

Dane cook obviously

[@corgifloofi4840]

dow at 12k is too high. dow at 20k now lol

[@MN-mc8ik]

Clar Wikk sold all my stocks and now just going to wait for the next 10 years and wont buy in again till it hits 13k. Till it goes up bqck to 20s

[@CarlosHerrera-vg4qh]

@@MN-mc8ik how's that working out for ya

[@orangeorphan]

What comedian is Louie talking about at the end?

[@rsjcmp2285]

I think this was recorded before the tarp bailout, before everyone became aware they’d just print more money at every crisis. These guys should have just kept their money in growth stocks

[@lungflogger9]

LCK is the smartest guy on the planet.

[@jamesthegraff]

Where do they get this? Is it a podcast somewhere?

[@BrianFrichette]

James Graff Opie and Anthony

[@jamesthegraff]

Brian Frichette thanks

[@TK0_23_]

Oh boy. Comedians sharing the abundance of their financial knowledge.

[@randomone4832]

15:38 the precursors to NFTs.

[@FrancisR420]

Gold has practical value in electronics It is one of the best conductors and won't corrode or decay

[@FrancisR420]

Not to mention you can't make it there's a limited supply on earth

[@radanv2535]

lithium? etc?

[@LegitosaurusRex]

Lithium what? And you can't list a single item then say "etc.". Lithium is used for totally different stuff than gold. Yes, they're both used in electronics and are limited resources, but Maui didn't say gold was the only one with those properties. What's your point?

[@bobxyzp]

I read a book about debt which said that America selling its debt overseas with no intention of ever repaying it is a modern version of weaker countries paying tribute to the most powerful

[@tomf5823]

diamonds are such an unbelievable scam

[@jaimhaas5170]

Cuz men wanna F females.

[@nateo6806]

They could be talking about today XD :(

[@samusfisher]

And now all time high and we still Aint taxing them 🙃

[@paulthoresen8241]

We need more put options on the NASDAQ, the Dow Jones has gone blue chips. Sell sell sell.

[@SupaSe7enSwift]

How did I not know this podcast exists?

[@sergeymeshkov]

SupaSe7enSwift it's a radio show, well it was

[@Ch33ziTzsk8R]

That’s actually a good argument gold all of a sudden being worth nothing, it is just a piece of metal out of the ground. But what about gun power? What if they (which they won’t) said it’s not worth anything? Like oil now adays…

[@JDesch]

He's talking about Dane Cook, right?

[@avyeris]

Who Is the comedian they’re talking about by the end when Louis says that she got famous out of talking of himself ?

[@RayoAtra]

the comedian they were referencing near the end is Jerry Seinfeld.

[@AHighlander]

Dane Cook.

[@crosseyedbilly]

Have they never heard of what we use gold and silver for? ELectronics...

[@DriscolDevil]

Lots of things are used for electronics, not all of those things are used as a universal currency. Also, shut up, all you people bringing up "electronics" already know that gold was used as a currency before electronics. Stop being a contrarian just for the sake of it.

[@squiremuldoon5462]

I dont plan to live past 40 so no 401K for me :)

[@kelwininkwel2794]

He called you to make himself feel better

[@VisakhNair96]

Louie predicting NFTs before they were ever a thing

[@cjok8367]

I buy all my diamonds at the craft isles at Walmart

[@chem7553]

George Bush definitely listened to this and decided to become a painter

[@demnslayer09]

Yes, diamonds are artificially inflated, but gold is actually one of the more rare resources (platinum is more rare) and if we don't recycle the gold in our electronics we will eventually run out. Gold is precious and should probably be worth even more than it is now, but diamonds are horseshit. Gold is a good investment for long-term, but don't expect to get rich quick on it.

[@MookieGAMING]

does anyone know the painter louie was talking about?

[@bajer111]

thomas kinkade

[@robertpresley1503]

"you're the only guy I got good news for, because you have nothing. Those other guys? They have less than that"

[@timothybell5698]

Also, an instrumental figure in the early history of De Beers was Cecil Rhodes, the namesake for the former apartheid state of Rhodesia.

[@Saska2oon]

Is the comedian they are talking about Kevin Hart?

[@Saska2oon]

Wow, thanks for the info. I always assumed Kevin Hart was the equivalent of a pop musician making it huge with low substance pop songs. I've never really understood why people hate Cook so much. He's no where near the talent of Louis or Burr, but I definately think he is more talented than Kevin Hart.

[@Saska2oon]

***** yeah, unless you are Amy Schumer stealing jokes will indeed flat line your career. And correct me if I am wrong, but didn't you just agree with my point? Hart is more marketble, looks good, etc. None of which has anything to with his actual talent as a comedian (similar to a performer like ariana grande). I'm just not a huge fan of what I call "character comedians" extreme example being Larry the cable guy, less extreme example Amy Schumer. It feels like one you heard one Kevin Hart Bit, you have heard every Kevin Hart bit. I don't get that impression when I listen to for example, all the guys you mentioned above (maybe Ben Bailey because he rides the cash cab thing pretty hard)

[@Saska2oon]

David Uhr I believe you, you seem very knowledgeable about comedy. Who knows, apparently Hart was the highest paid comedian this past year (cringe) and Louis is riding his coat tails to get access to a different demographic. Can't say I wouldn't do it myself

[@notimportant8806]

kevin hart was actually very closer to the comedy cellar group along with colin quinn, bill burr, jim norton, and the late patrice o'neal.

[@satoshimiyazaki1658]

@@Saska2oon That's actually a really good analogy. I feel like Kevin Hart owning his shortness made his career. If he was of average height, I feel like his success would have at least been substantially reduced.

[@westouchstone9370]

which comedian was Louie talking about?

[@sergeymeshkov]

Wes Touchstone Dane Cook

[@entropyfun]

How come people who don't have money never seem to worry about it, and people with money are constantly thinking what to do with it, and how to make more, and worrying about losing it. Isn't that funny. I find that funny as fuck. I never want to get rich.

[@andreaholcock8992]

You just explained why poor people stay poor

[@entropyfun]

@@andreaholcock8992 Because they don't want to ruin their life?

[@comedychannel7691]

then you better grow your own food.

[@d.acraig9123]

I love Louis, but the world is not going to collectively decide tomorrow that gold is worthless. Gold has value as a hedge against currency decline, or an insurance policy for economic instability. Combined with it's unique chemical composition, there will always be people who want to buy gold in bulk because they think the global economy is doomed. There will always be this kind of demand, at least until the time of Star Trek when we're flying around outer space.

[@commentsCONTENTteeShirts]

He seems to have learned a good bit since he did that "broke" bit... with more money comes an increased inclination to educate oneself I guess.

[@jmn1238]

Unemployment going up does not mean the Dow goes up

[@miodragniss]

Who's the rich comedian, whom the people praise for being rich, that Louis is talking about?

[@miodragniss]

Thanks, didn't know that!

[@jasonfifi]

naw, this was before hart was loaded. he was talking about dane cook, who had just sold out the garden.

[@ItsameAlex]

are you sure?

[@jasonfifi]

ItsameAlex me or the dude saying hart? hart was doing ok at that point, but he wasn't famous just for being famous. he even mentioned "how many friends on whatever service" talking about myspace, which dane cook was the world record holder of at the time.

[@Comedytub3]

+jason fifi Yeah, you're probably right. I didn't know how old this was so I just assumed because Kevin fits the description currently.

[@MrUndersolo]

Bitcoin, Bitcoin, Bitcoin!

[@WhiteHenny]

Louis CK accepts Bitcoin on his website. I bought a bunch of his stuff there for BTC less than a year ago. I wonder if he actually knows about it, or if it's just something "his people" look after for him. If he knows about it, I'm surprised he doesn't mention it as something that has been gaining value at a pretty incredible rate.

[@helter696skelter]

Chris Moore I'm sure he's aware; according to some other interviews he gave, there are hardly any of "his people". He's probably not very knowledgeable, and it's for the exact same reason it doesn't get brought up in conversations that way, because it happened too fast and seems like even a step further from arbitrary banking and currencies. Personally, I don't have a clear picture of what's up with it, and the way this fake story of Etherium guy dying in a car crash affected the market seems ridiculous to me.

[@LivingBGLegend]

If I would’ve invested in bitcoin instead of feather coin back in 2012 I would be sittin pretty right now, it was worth $600 or so which I thought was insane

[@roterfuchs8201]

I've heard loads of Louie stand up but only noticed on radio how his voice goes up a tone at the end of a sentence, like one of those annoying valley girls.

[@OGRE_HATES_NERDS]

george washington on money

[@grizzlixx]

they pointed out why late stage capitalism is so unstable yet they still don't get it!! so close

[@SeanLives]

Surpised Louis knew about the commonality of diamonds, i heard that in a conspiracy video, funny how its actually true but no one knows... 'Diamonds are a girls best friend' was a advertising campaign