Forbes Has a Fraud Problem!

[@PBoyle]

The first 100 people to use code BOYLE with the link below will get 60% off Incogni: incogni.com/boyle

[@mznxbcv12345]

atrick why shillfor the imf in the recent china debt crisis, sure theyre terrible but its simply that the USD being a reserve currency is not good thing . US prints, devalues floated currencies while it itself hardly has any inflation due to reserve status while the rest of the imf loan backed under restructuring deals takes the hit. I actually personally know Martin Shkreli he's a saint compared to IMF and worldbank. They're for profit venture vultures backed by the governments printing the "hard" currencies feeding on carcasses of developing economies after giving loans to elites and putting countries into debt traps charging interest even after receiving multiple folds the initial capital, they refuse to even give interest amnesty, much less a haircut. You cannot default on debts otherwise you get sanctioned back to the stone age so the worldbank/imf always gets its money. Basically how value is added to currency. IMF/Wolrdbank o risk investment, defaulting not allowed. Just look at IMF restructuring deals and what came of them, always disasters for countries receiving "aid". Egypt, Argentina ? Loan dictators for their yachts -> Float currency or no yachts > currency becomes fraction of fixed rate ->short term foreign capital flows in, buys whatever value is left > currency drops 80% after they sell everything after having bought the infrastructure for pennies on the dollar, leaving them paying compounding interest for the next 50 years

[@TremereTT]

I mean Times made Hitler(1938) and Stalin(1939) persons of the year. How many people did Forbes persons of the year kill?

[@wololocute]

Have you noticed Forbes list doesn't contain East Asian billionaires especially China as doing so is like going against political party which requires you to stay anonymous. Singapore, Vietnam, China, Japan and Korea are one party countries.

[@yaakgwa]

@@wololocute south korea actually follows the american neoliberal model a lot more closely than the others, with regularly shifting political parties (the current president is right wing, the previous one was center-left, the two before him were right wing, the one before that was center-left, etc.) which still remain liberal, pro-capitalist in character. this is in sharp contrast from its closest non-nominally communist neighbor japan with its entrenched LDP leadership. i suspect the extremely wealthy rather not have their wealth disclosed to a working-class public for other political reasons.

[@wololocute]

@@yaakgwa South Korea is externally Democratic but Internally it is ruled by Samsung, LG and Daewoo no mater which party government subsidies, legal matters are all handled by them.

[@corinnem]

Forbes 30 under 30 list is like the precursor to the FBI most wanted list.

[@Kaitydid74]

That’s fantastic

[@LoisoPondohva]

It's the candidate list

[@dkerr6449]

Yes, it's like the Triple A team from team for the Most Wanted. Good insight!

[@chuachua-hj9zd]

Actual and humorous

[@dosman3458]

hahahaha yes

[@LambentOrt]

I used to work as a magazine sub-editor and we used to do these 30 under 30 lists. The whole editorial team hated doing it, but marketing forced us to do it for the advertising money... Lol. What we found was that in most cases these successful kids usually came from rich families, and got a huge leg up from their family connections and generational wealth. It was so hard to write around this fact... but we had to, because who wants to read about rich kids pretending to have made it because they put in all the work? 😅

[@Jessica_Jessica_Jessica]

Me when I lie on the internet

[@lifeenjoyer9699]

i love the smell of purposely spreading misinformation in the morning

[@Nanook128]

​@@lifeenjoyer9699what misinformation?

[@Tex_actual]

@@lifeenjoyer9699you don’t have a clue how expensive it is to open a business do you?

[@gaerekxenos]

@@Nanook128 I'd assume the creation of the lists and making it seem like the people built their wealth from the ground up, when they already had a head start compared to most other individuals in the country

[@01ai01]

Maybe Forbes should maintain a list of notable con artists. Then they can just shift profiles from these lists over to the con artist list. They can award fraud of the year titles, best long con, etc.

[@dca24100]

I think any list they have would qualify at this point

[@jaggillar6680]

Yes. This would be helpful for large corporations to use in choosing their board members and CFOs. From there? Politics.

[@DJRenee]

LoL 🤣🤣

[@pierrebegley2746]

To be fair, they're already doing that in every way but by name.

[@nidodson]

Musk would be winning most of those titles for still going without accountability.

[@ritzee13]

I had a friend who was put in the local paper and aclaimed for his fast growing business. He became so braggy after that and started preaching his methods to everyone and looking down on us. I later heard that he was arrested for fraud because he lied about how big his client base was to investors and got sued. I feel like Forbes and these articles do nothing but make people desperate for more growth.

[@aarontheperson6867]

interesting! i completely agree with that last part for sure. once they have that chance to go big, they don't want to waste it.

[@ritzee13]

@@aarontheperson6867 definitely, they start craving that recognition and will do anything to get it again.

[@unouni2548]

I feel like they are already doing something shady, and the spotlight that the cover gives them only makes it so that journalists and investigators have them in mind more easily when looking for shady practices in business

[@l30n.marin3r0]

I don't know about you, but what I was always told was: "Make more with less" The only thing that grows non stop is cancer and we all know how that ends, but look at the media, look at school advertising, movies, songs..what is the push? Music is not a expression medium, is a way to get rich and famous for whatever reason. It doesn't matter if you have something to say or a unique outlook of life, just push it out there! Sample some music from youtube, slow it down and put it in the right pitch and get those youtube views! Or you can do your own thing, and you will more than likely get a real fans who really like your stuff and get an actual community going instead of the word representing a shilling tactic but that will take time as everything does. I really like this documentary called Blood Into Wine in which Maynard James Keenan says something like: Nothing comes easy

[@MrCobalt]

Forbes itself feels pretty shady these days. Especially with the clickbait they throw up on KZbin now to pass off as news

[@mururoa7024]

By "zero emmision" Nikola Motor meant the company would emit zero vehicles. Mission accomplished, I'd say.

[@arthurtreibs4174]

[@chengong388]

If you don’t make any cars, you can’t have any emissions from your cars duh

[@cdreid9999]

you need to look into a career in public relations

[@andrewmayo9400]

technically a gravity powered truck doesn't emit any CO2

[@AlexanderTheGoodEnough]

@@cdreid9999 you're god damned right! we just witnessed a new Sultan of Spin.

[@lindanicolex]

We literally just got a Forbes magazine at work for no reason. I told everyone I wanted to read it because I wanted to see who is going to show up this year that was gonna be in prison next year. They thought I was joking, I was dead serious.

[@sjg5994]

Omg🤣🤣🤣🤣🤣

[@evos469]

😂😂😂😂😂😂😂😂😂

[@niharikamenon-iz8xu]

I mean... Who really cares lol They still makes banks deceiving others, the dumbest ones will be caught while smarter ones escape

[@ItsNessaTho]

Lmaooo 😂💀

[@AhsokaJackson]

_cackling_ I like your style. 😂😂 Sometimes the lessons we learn aren't the ones our teachers intended to teach. …And they may indeed be better!

[@jip230]

Isn’t Forbes a “pay for play” magazine and most of the articles are publicity fluff pieces? It makes sense that many of the articles would not age well. The type of people that need to buy good publicity are more likely to be fraudulent

[@spicypizza6116]

It’s just like Time’s 100 most influential people in the world. It’s been alleged that Harry & Meghan used money from their foundation to pay the fee to appear on the cover as as one of the 100, as well as paying for several of the awards they have recently received. While it’s not surprising that fraudulent people are more likely to buy good publicity, one would expect these magazines and institutions to have more principles.

[@dondumitru7093]

Forbes is well-placed right in the middle of the "financial news" sector - Forbes doesn't deal in actual financial information, Forbes deals in entertainment and in selling the reader on the illusion that the reader is somehow participating in the glossy world of success that Forbes (artificially) portrays.

[@alhollywood6486]

They are notorious for pay for play. Malcolm Forbes would be turning in his very expensive grave if he saw what a joke of a brand his namesake has become.

[@boldCactuslad]

What do you mean "a" pay for play magazine? They're all like that...

[@jip230]

@@dondumitru7093 right, it’s an entertainment magazine without any real substance. I’d expect most of their articles to age like rust. I’m in Bay Area and I’ve known some people that were on this list in years past and I’ve personally known these people to be garbage. They’d have to pay someone for that accolade because they’d never earn it on their own merits

[@Proteus007]

25 years ago my business professor at MBA school used to say, “If you see the photograph of the CEO on the front page of a newspaper or magazine, sell the stock!” And his logic was that the CEO was too busy getting his ego stroked and would eventually result in shareholders losing. So every few years I am reminded of his pithy advice, and am thankful for it.

[@mechanicalengineerturbo]

Successful companies with a healthy PE ratio always have faceless execs and founders. If someone knows your company but not you, it should actually be a sign of success and legacy.

[@andrewcrowder4958]

Very true. In Japan, execs are heads-down, running their companies. Very few - the exceptions being Akio Morita and Masayoshi Son - seem interested in becoming figures in the larger culture.

[@jonslg240]

Big kudos to his Ronnie & Reggie Kray example on here 😂 that was better than Don Draper and James Grey

[@razrv3lc]

This is probably why everything Elon touches spirals lmao

[@gokuformanvsfood]

Wow gonna live by this, very smart way to avoid a large portion of these Scandal Magent sociopaths

[@Casey3-P-O]

Personally, I'm proud to say I made the "10 Billion Under 80" list. I've never been more proud of my achievements

[@deliocache2528]

Since it's 10 billion, i am assuming it includes dead people that would be under 80 if they were still alive, so i probably didn't make the list

[@Casey3-P-O]

@@deliocache2528 oh yea lol maybe I should have said 6 or 8 billion lol

[@NotKimiRaikkonen]

Congratulations. You're an inspiration to us all.

[@Casey3-P-O]

@@NotKimiRaikkonen thanks. I do what I can. I'm just living my best life

[@thelexicon7294]

Looking forward to your thank you speech!

[@AJWrenn-kj7mj]

Bless KZbin for allowing Patrick to live out his dream to be a standup comedian without having to do shows or even stand up.

[@Christina.N.]

😂

[@lim6718]

The way he speaks does have some comedian touch! Talking about hilarious fraud facts with that calm tone and slight British accent( not sure about the accent ) made me laugh out loud.

[@Jsarmy87124]

What ? I saw this comment a lot I don't get it , someone could explain it to me please

[@dudtspeed]

@AJ you're clearly the company clown lol. Good times 😂

[@Kraftwerker1]

​@@lim6718Irish!

[@krombopulos_michael]

This makes me think that getting on the Forbes list only mostly happens to people with PR campaigns to get them onto the list. It therefore makes sense that scammers and confidence men would try extra hard to get onto the list for the extra level of visibility and prestige it grants and will seek it out more than honest entrepreneurs

[@rixille]

People with connections too. Like SBF, that bastard

[@sbfcapnj]

Yeah this is one of those things where like if you *want* to get on this list, that alone makes you an asshole.

[@SupramanRambled]

As someone who has filled out nomination forms on behalf of "thought leaders" and business executives for Forbes and other publications, I can absolutely attest this is true. There is little to no verification of the actual business metrics, depending instead on superfluous metrics such as media mentions, awards, etc. It's all running on fucking hype.

[@OGRE_HATES_NERDS]

if it isnt just PR then I have no idea what else the purpose of the list could possibly be

[@eldenfindley186]

Capitalism is based af

[@shawnconway6009]

'if you made it onto this list and you're not a junior accountant at an accounting firm, odds are you're going to prison in the next six months or so.' I love that if you delivered this on stage it would be the perfect standup comedy, despite the fact that you're literally just speaking the facts.

[@NazriB]

Lies again? Fight Pass USD SGD

[@Corninthesky]

Lmfao this would bomb as a stand up joke

[@LBlazer169]

Should probably get out more lol

[@Sabrowsky]

"Amassing a large collection of cigarettes, the cryptocurrencies of prison" It's been a while something made me cackle this loud, good one Patrick

[@grahamstrouse1165]

At least ciggies are real…

[@Sabrowsky]

@@grahamstrouse1165 good point, they're, in fact, more useful than crypto

[@ReeRee_Donita]

Read this comment at the exact time he said it😂

[@Sg-gs]

I laughed so hard. He says it with a straight face 😂

[@ArifRWinandar]

People can make cigarettes out of nothing and get people to buy it on the promise that they can sell it for a million times more later?

[@stevemarshall6564]

I want to see a new 'under 30 doing over 30' list for all the tech kids that are locked up

[@MrDiggityaus]

In 10 years, it will be the size of an encyclopaedia

[@severussin]

@@MrDiggityaus ChildCraft

[@dameneko]

See "Web3 is Going Great" 😹

[@bjojosimpson]

Those don’t do over 30 in prison.

[@thacrypt223]

🤣🤣🤣🤣🤣🤣🤣

[@Revolution3030]

Patrick is a borderline stand-up comedian and I love it. 😂😂😂

[@kaseywahl]

An absolute LEGEND of deadpan.

[@Revolution3030]

@@kaseywahl 1000%

[@KK-ji1rk]

Me too!

[@fullmetalpwn]

was gonna comment this might be his funniest video lol

[@whitetiana3022]

he's more of a sit-down comedian.

[@kennethone6687]

Forbes ALWAYS had this problem simply because it's not a real magazine...it's more a paid catalogue.

[@gigmaresh8772]

Like "Entrepreneur"

[@williamyoung9401]

"Oh Carter, you DEVIL!" 😈 "I know! If he's such a bad guy, why is he on a magazine cover?" 🤔

[@MrDayinthepark]

Patrick is a sit-down comedian, who makes me laugh out loud many times in every video he makes, with his deadpan delivery and factual analysis.

[@theodorehsu5023]

Some wonder if he was Steven Wright for financial folks :P

[@PapaCharlie9]

TIL that "sit-down comedy" is an actual thing.

[@hoze1235]

Financial bill Murray

[@AdalizMColon]

Same!!

[@kimtindall1744]

He made me laugh so hard with this video. I love his narration.

[@Calandron1]

"Should have been called Newton, because it's the first gravity powered truck." Patrick you're a killer. 10/10

[@maxmeier532]

Newton famously watched a truck roll down a hill and realized the existence of gravity. We should give Nikola credit for that.

[@greebj]

If only Newton had tilted the camera sideways so things could fall uphill. We might have dodged a global climate catastrophe. Thanks a lot "Sir" Isaac

[@IamGrimalkin]

​@@maxmeier532 Funniliy enough, Galileo probably did come to his law of fall from balls rolling down slopes (not the famous tower of pisa experiment).

[@alexnoman1498]

6:23

[@troodon1096]

To be fair, the truck did produce zero emissions, so it wasn't a complete lie...

[@SuperCrabbycrab]

I'm amazed it took people this long, to see Forbes under 30 is a scam. We had a Forbes under 30 as Creative Director where I worked 7+ years ago. I ended up doing the majority (if not all of the creative work), and him doing literally nothing except writing about the work that's been done (me and the developers work). I quit. Found a new job. I'm now 34 worked my way up to Head Department and strategy in an innovative IT company. That Creative director is now working in a deadend with some blockchain and NFT stuff. Whatever that means. Since working with that guy, any Forbes under 30 is a big red flag to me.

[@melody3741]

Was creativity even his specialty? Or was he just supposed to direct you guys?

[@melody3741]

This might sojnd weird but I think you’ll understand what im trying to ask

[@NotLordAsshat]

Literally the only person on that list I can think of that's just an actually impressive individual is Eric Barone, guy that made Stardew Valley.

[@jemm113]

Yeah Eric is based af since Stardew Valley was literally all made by him! Even when he got help from a publisher, they only helped with non-game related things like the wiki and website.

[@tamarat9735]

yeah, a lot of these people either became successful by being shady, and/or just putting the most effort into their own PR - taking credit for other people's work, doing aggressive personal branding, dodging difficult questions, and only communicating with journalists for fluff pieces like Forbes 30 under 30, and straight up lying. Forbes falls for it so much, that I think at this point it's not an accident but the whole point of the list.

[@reenakemp9132]

Isnt this the same magazine that named Kylie Jenner a "self made" billionaire, even though her parents and sisters were already uber wealthy.

[@eneyavorodecky]

I remember taking this to work and having a laugh with my colleagues about it (we work in finance).

[@TheKoentje1994]

Also the same magazine that was SHOCKED when the readers noticed the billion dollar receipt Kylie provided were fakes created by the Jenners right before she reached out to them, and proceeded to have a manic Kylie is the worst op-ed drama era.

[@dereklinscott8488]

Considering that the Forbes fortune came from fraud in the first place, this is poetic.

[@stephhhie17]

What was the fraud that they got their money from?

[@sjm8510]

@@stephhhie17they made their money trading opium from china.

[@friendo6257]

What fraud?

[@zarinaromanets7290]

What's their backstory?

[@soldiersvejk2053]

I am from China. One of my classmates from my graduate study program was featured in the Chinese version of “30 most influential under 30”. He was the most obnoxious person in the entire class, constantly bragging about the suspicious awards and fellowships (which all seemed fishy under scrutinizing). Every time it was his turn to a presentation, he would just rant about Googled common knowledge and everyone suffered. He was the not the one who knew the most, or worked the hardest, but definitely the one who would not shut the f*ck up. By the way, he looked like George Constanza from Seinfeld, but not nearly as adorable.

[@patienceobongo]

You know he is not European, right?

[@soldiersvejk2053]

@@patienceobongo Yes. I bet you will say the same if you see his picture.

[@zurielsss]

I bet he is a bright future in Chinese politics and business

[@patienceobongo]

@@soldiersvejk2053 and from Isr,ael, same as George Castanza. Israel is in the Middle East, if you need further help.

[@soldiersvejk2053]

@@zurielsss Well, perhaps. But I am glad that some of my classmates that are really good are also doing fine.

[@NoScrubZz]

It’s important to note that you can apply/pitch yourself to end up on the list, which tracks if you consider how narcissistic all these fraudsters are.

[@gaerekxenos]

Actually... that clarifies why there is so much fraud on the list, since the only reason you really want your name on the list yourself is if you are trying to sell yourself. And if you are trying to sell yourself, you haven't actually *made* it yet since people aren't actually all that convinced that what you are trying to sell is actually significant enough to go all-in with investment on Unfortunately, being on that list also means you're now going to be scrutinized deeply and investigated on every level by basically everyone for people to consider whether you're actually worth the investment, compared to being a no-name. So... it's a terrible move unless your record is squeaky clean. LOL. Who'd actually want to volunteer their name for that list to have their entire lives picked apart by investigators hired by investors all over the world? No sane person of course. But these magazine writers need to make a list and don't have the proper time nor resources to do a thorough investigation, so they'll take whatever names were offered up, so all of the self-pitched fraudsters have a considerably higher chance of making the list due to their need for self-promotion

[@monus782]

I’ve read somewhere that CEOs tend to be psychopaths (or rather people who lack empathy are attracted to those positions and are more willing to do anything to get it is my guess) so if that’s the case the list makes sense

[@yeskaitlyn8029]

why is that narcissistic. being on the list can open doors from you. most people are just jealous of those who make the list

[@daverbook]

wrong.@@yeskaitlyn8029

[@movestattoo4561]

@@yeskaitlyn8029most people don’t even know that list exists. Whole operations of Forbes are just for scammers to try and get legitimacy for their scams, so they can tell “appeared on Forbes”.

[@KathyBabb]

What I love most about these videos is that Patrick never breaks character. 😂

[@brianjones7660]

He is the Steven Wright of the financial world, if you can remember that name 😅

[@bryanwigmore7224]

It makes you wonder if the smiling version of him on his thumbnails is some kind of deepfake.

[@livinghomunculus657]

2 professors at my school have been on the list. One of them performs the most utterly useless research and I do not know why he has been given out so many handouts in his career. The other one got her job and accomplishments so fast because she was put on a fast track from sleeping with and marrying her boss

[@bradleystraley6165]

Throw in a couple child molesters, a "Democratic Socialist" or 200, and you've got yourself a modern institution of "higher learning"

[@thomasjefferson1111]

Sounds about right

[@ytucharliesierra]

By my reasoning it's all a matter of "sales", meaning PR. If you have a talent for pitching your stuff, no matter how senseless and you know how to manipulate people, then you get the handouts. See E. Holmes, etc. There is a pattern there too.

[@tech9803]

So basically self-promoting bullshit artists and mediocrities like most American 'elites'.

[@Transformers217]

That’s hysterical! 😂

[@AdeleiTeillana]

This is so funny, because I was just at a dinner with one of my law professors telling how excited he had been when he made the list, like it was such an accomplishment. But then he started going back through older lists and realized how many of them had gone to prison and he started having second thoughts about the list and himself, lol.

[@barney993]

​@chicoanferneeconrad7893Saul Goodman.

[@jolly2be]

@chicoanferneeconrad7893 no one because they are lying

[@Donerbrt]

​@chicoanferneeconrad7893his law proffessor

[@youngspaghettii]

Why even lie about this lol. I can guarantee with 100% certainty a professor was not on Forbes 30 under 30 💀 do you even know what Forbes is ?

[@AdeleiTeillana]

@@youngspaghettii Oh, you're so showing your stupidity. It must be painful at times to be such an idiot, but then again you probably don't realize you are as lacking in the IQ department as you are. My "professor" is actually a full-time lawyer at a Big Law firm (doubt you know what big law is, look it up.) He also spent a few years running the Medicaid program in NY. He was overseeing my externship, the first time he had ever done so. I go to an Ivy League school, we have plenty of top-ranked lawyers who occasionally teach a class or come in as guest speakers. LOL If you recognize that there's no point in lying about this, then why not try to use the tiniest bit of logic and force your brain to acknowledge that you don't understand everything in life and shouldn't make idiotic assumptions based on what little information you see in a KZbin comment? (And yes, I'm positive you're going to come back and accuse me of lying again, this time about what school I go to, you're definitely predictable like that.)

[@youtubeprofile2070]

A guy named Harsh Dalal made the Forbes' 30 Under 30 Asia list in 2021. His name was subsequently removed from the list after a tech publication raised questions over several of his lofty claims. The list should be taken to mean "30 douchebags most likely to spend time in jail under 30"

[@kathduncan9618]

🤣

[@chuckbiscuits7569]

Or 30 sociopaths who can play finance cheerleaders, oops I meant journalists, like credulous halfwits.

[@stephans1990]

I'm still surprised at how easy it can be to fool journalists. I recall this case of a 13 year old boy who managed to convince a New York Times journalist he was a millionaire stock trader. The only tangible thing he showed was that he paid for a 200 dollar dinner. I live on the other side of the world and reputable economic news outlets reported on that story without any questions.

[@dianaverano7878]

Haha

[@grogery1570]

Isn't that a bit harsh? Shouldn't it be "30 douchebags who were so narcissistic they paid to advertise in our magazine"?

[@Back_To_Basics]

Forbes is definitely on to something and did a good job at identifying potential fraudulent individuals with this list. By putting them on the spotlight, policing them is a lot easier. Well done Forbes!

[@mrmalio]

yup

[@potatogamerfiber]

I don't understand how she thought she'd get away with inflating her data value. Did she expect chase to just...accept being scammed? Chase is huge! They can easily afford a lawsuit & if a purchase is made under false pretenses, judges are far more likely to side with the party that was lied to

[@tweda4]

It's also just pointless. Chase might well have still bought the company even if it had a smaller user base. Inflating the userbase was obviously going to be found out, and obviously she'd lose any money made. I don't understand how someone so stupid could even be running a company in the first place.

[@hamsterama]

She's no different than a common criminal. Criminals don't think about consequences. They just act impulsively. Criminals don't understand that when their face is caught on camera, or when everyone sees their license plate number, they're going to get caught. This chick was just a bank robber, but with fancier clothes and a college degree. A lot of highly intelligent people are pretty stupid. They might be good at math or memorizing stuff out of a book, but they lack common sense.

[@Mavendow]

​@@tweda4 No, if her business was smaller, they would've crushed her and taken her clients. While I don't condone her actions, I do understand the pickle she found herself in.

[@Foolish188]

A reasonable risk, large financial companies hate being embarrassed and cover up mistakes/frauds all the time. Read the footnotes in their annual reports.

[@Mavendow]

​@@Foolish188 That's actually a really good point. She went overboard, though, and passed by what they were willing to accept as the cost of doing business.

[@ShaneSideris]

"Shoe shine boys were the financial KZbinrs of the roaring 20s" is such an incredibly accurate quote. Wow, that's amazing.

[@alfredfreedomjones5105]

Explain please

[@michaelcanty4940]

It was a common saying after the 29 crash that the lucky ones could say" I got out of the market when I got a stock tip from a shoeshine boy". Variations were cab drivers and waiters.

[@sirapple589]

@@michaelcanty4940 I’ve always heard it about barbers.

[@alfredfreedomjones5105]

@@michaelcanty4940 I’ve heard “luck of the Irish” which hilarious because that phrase was originally ironic, Ireland historically has had little luck on its side 😂

[@michaelcanty4940]

@@alfredfreedomjones5105 Joe was not only "lucky" but astute and more than a little ruthless in his business dealings. In 1960, when John Kennedy ran for president many questioned his higher loyalty to his faith or to the office he sought. But a joke at the time was " I don't fear the Pope, I fear the pop."

[@danielschein6845]

One CEO I used to work for said that you know a company is doomed when they get a private jet or when the CEO gets a private toilet.

[@HemlockSky1991]

It’s almost like you can’t get rich without being extremely corrupt.

[@mlisaj1111]

Hah…funny. But I think many do get wealthy just based off hard work, but run the other way if someone really leans into the “celebrity CEO” thing….they are often a scam.

[@deezboyeed6764]

Nope nobody gets wealthy off pure hard work, they always have a leg up or lack morals​@mlisaj1111

[@Blisscent]

Dammit, I knew I wasn’t keeping my books in the right place! I knew it! I said to myself “why keep books near me where I can read them when they should be in a garage where my car can read them?” And I ignored that gut feeling which is clearly what is holding me back from being in jail and disgraced. Ugh. My face isn’t even that punchable, it’s more kickable, I’d never make it in prison. I’ll never be in Forbes!

[@privacylock855]

Where do you keep the Lambo?

[@travisjohnson6703]

​@@privacylock855The exotic car rental lot. It's loaned to them.

[@picketf]

​@@travisjohnson6703If I ever get stinking rich I would never own luxury cars and homes - it's a pain to maintain perishables like these, that only lose value over time. For the once in a lifetime opportunity to actually drive a Ferrari through Dubai and check in at the Burj-al-arab I'm glad to be able to do that for little change money without seeing the annual insurance bill.

[@jemmrich]

Having been in the startup community, I noticed a lot of this type of stuff. These made up lists only to boost the egos of people that care more about themselves than what they are actually supposedly doing. Being in close proximity to people like this, felt like it was one big circle jerk and it was disgusting seeing people participate in an effort to get recognized. It really made me at another look at how I feel about the startup community and made me avoid any and all types of lists, groups or award type events, heck even networking events where most of the time it was self ego stroking and name dropping.

[@anujmchitale]

Is it only the ego? Don't they use this clout to get further loans/ investments?

[@MrPaxio]

exactly like mrbeast

[@hblee88]

It's called "attaboy" mags. Or today's AI Magazine.

[@falconeshield]

Is everything a community these days

[@giga_chad9]

That’s what all of those awards events are like

[@DamianYoko]

"cigarettes are the cryptocurrency of prison" is a great line

[@cdreid9999]

you can actually smoke cigarettes

[@DashAU]

cigarettes have actual value

[@evannibbe9375]

@@DashAU Negative value, burning your lungs rather than burning GPU.

[@creatrixZBD]

Several years out-of-date, unfortunately but still funny.

[@jmitterii2]

@@evannibbe9375 They feed an addiction... crypto doesn't feed anything, but scammers bank accounts filling them with real money, while the buyers of the fake money get... well fake worthless jizz gizmo addresses and junk on a torrent file.. hoping one day to sell it their jizz junk to another sucker for real money and more real money than the real money they paid... and hoping to withdraw it from the casinos that wash trade and paint the tape as they own 99.99% of the tradeable fake magical internet torrent file gizmos things... garbage.

[@swb3248]

Patrick, so glad you speak openly on subjects that others would not want you to. Keep up the good work!

[@davidsolomon7981]

“The honor of being the only wood nymph to make the list” delivered in a serious tone. Marvelous.

[@anthonyreed480]

The wood nymph community has gone quiet about it now.

[@KingOfMadCows]

Maybe they should change the list to 30 under 30 serving 30.

[@putinski666]

😂 atleast that would be truthful

[@harpsgalore6584]

Good one.

[@thebaddoctor1614]

0:50 the line "who knows, maybe they became successful prisoners" was delivered absolutely perfectly

[@joe3276865536]

"Trevor Milton the bargain basement Elon Musk.." never fails to get a chuckle. So good.

[@ytucharliesierra]

*bargain bin 😉🤣

[@ToDreamOfJade]

I did not expect to be crying laughing in the first minute of this very seriously titled video but I'm losing it at "because that's where you thought books were supposed to go"

[@b.f.2461]

Honestly, if I had a garage, my book collection would probably start spreading there. Now I have to prune, and it hurts.

[@Hossak]

Patrick's videos are like a slow burning fire of comedy gold. I find myself laughing and chuckling at an increasing level as it goes on until I have to pause it to catch breath and then back in, rinse repeat. Solid gold!

[@amp4240]

I can't believe that I had to scroll this far to find a comment about how funny Patrick is. This video specifically had me laughing out loud so many times.The deadpan humour... the number of deep cuts... I had tears in my eyes laughing so hard 👍👍

[@jacqdanieles]

I like the closing shot "... the coffee is not going to make itself" 😂

[@lademoiselleketoret6958]

He is great.

[@naysay02]

☝️🤣

[@whatdadogdoin7531]

No shit man. This is my first video on this channel and I'm amazed how he can say funny jokes with a straight face

[@feeldennis]

Was hoping you would have an honorary mention on one of our own; Invictus Obi, a Nigerian entrepreneur and a Forbes Africa 30 Under 30 honoree, who has been sentenced to a 10-year jail term

[@adaoramadike3543]

I waited for that too, Forbes should not be trusted.

[@squelchedotter]

I could not take anyone named Invictus seriously to begin with

[@King_Minos64]

@@squelchedotter His parents must have been such fanatic Romaboos that they didn’t realize they gave him a name that screams supervillain.

[@Africafactsguy]

​@@King_Minos64 His real name is Obinwanne Okeke. Invectus is an alias.

[@chrissmith3587]

@@Africafactsguyplease say that’s pronounced obiwan

[@karimkassam6874]

Patrick I'm a new subscriber and I've started binge-watching your content. The content is fascinating because of how coherent, organized, and well-researched it all is, and how smoothly it all comes together. It's compulsively watchable because the dry, sarcastic humour is what I would've used in front of my students in my high school teaching days, and what many of your viewers remember from their days in school. Please keep it up, your personality shines and makes the content so much more interesting!

[@satu4387]

I have been binge-watching Patrick’s videos too for a week now. Yes for their factual value, but also for their entertainment value. I am not even remotely interested in Finance as a subject, but these videos make the subject so alive😁

[@Flor-ian]

*"One Criminal and then a bunch of junior bankers who do the coffee run at CS"* had me crying thank you for the video and the laughs Patrick.

[@copperdaylight]

He basically said, a crook and a bunch of crooks in suits.

[@Flor-ian]

@@copperdaylight *[29 publicists and 1 criminal disliked that]*

[@ElSantoLuchador]

The first time I heard of Elizabeth Holmes was in the pages of MIT Technology Review. She received an award for being one of the top ten innovators. She duped all of Silicon Valley, the Washington Post, and the NYT. Hindsight is 20/20. Forbes is but one name on a very long list.

[@cybercop0083]

She duped the US government. Everyone loved Theranos

[@TheEndKing]

You were probably too busy wrestling to hear of Elizabeth Holmes, that's alright.

[@LastWordInSilence]

IMHO, she got all this attention because society and (Wall Street investors) were trying desperately to find The wonder woman of business world , the female inventor, the whizz kid and here she was the female version of Steve job.

[@ChimpFromSpace]

I'm not convinced you're the real El Santo...

[@Kai-tn4yx]

Medical experts always warned it was fake. They should have asked them, instead of "financial investors".

[@Jacob-jo4px]

I was shortlisted for 30 under 30 in around 2015 I think, aged 21 with a tiny startup and sub £50k yearly revenue. It's funny to look back and think I could have been listed next to some of these names and to be glad I wasn't. At the end of the day, you can advertise in Forbes and say you're Forbes featured. It's a complete gimmick.

[@JakeLYT]

Even at £50k ARR you're probably still more qualified than the blokes who paid to get on that list. How's your business doing nowadays?

[@CherieButler]

Your speech pattern, snarky sarcastic wit and well researched content equates to incredibly informative and entertaining videos. Thanks Patrick!

[@VijaySubha1]

I was also expecting the Forbes cover story of "self made" billionaire Kylie Jenner and then the retraction on their story saying she forged her numbers. Forbes should changed their company name to forged

[@hollystiener16]

me too. that was ridiculous

[@karaoconnoraliasraidra]

It’s interesting when a publication takes someone’s claims at face value, the person is discovered to have lied, and the publication claims, “We were deceived and misled…” That’s because y’all couldn’t be bothered to do your research! You heard someone claim something and just decided, “Good enough for me!”

[@scotttaylor3515]

Forbes also listed Enron in their "Top 5 Best American Companies"

[@gamerforlife9865]

Clearly they are not being paid off by Enron pr department

[@eric743]

And the name "Enron Field" for the Astros stadium lasted only 2 years 🤣

[@lmnisop5516]

@@eric743 the Heat still have FTX arena

[@Yora21]

The question is are they wrong? Or do we just have wrong assumptions about what qualities they value?

[@troodon1096]

@@gamerforlife9865 Well, not anymore...

[@jayp_2023]

Forbes doesn't just have a fraud problem, it has an intelligence problem 😅

[@blogdesign7126]

Forbes has a cult problem too the VC's are hyping this stuff up too. I remember Coffeezilla did a segment like this years ago where he cited evidence that a legit Business leaders on average do not become successful and profitable until they are in their 40's and 50's.

[@iche9373]

That’s ableist

[@rumfordc]

stop defending them. its a fraud problem.

[@magnuskallas]

True that. I wrote a comment I'll paste. Not only Forbes... Time has made Putin and Greta people of the year faces. That's low and a warning not to trust gloss-papers.

[@jayp_2023]

@@magnuskallas Money talks, sadly. If you can afford the best PR, even the most heinous of individuals can be perceived as cherubs.

[@tobias5805]

As long founders apply "fake it till you make it" there will be more cases like that. Investors know that in many cases only prototypes back up technology and they accept this (or reversely they don't honour real technology, it's just similarly valuated). So it's somehow a self produced problem.

[@guydreamr]

My understanding is they actually had trouble seating a jury for Shkreli's trial because so many prospective jurors were expressing overt contempt for him. "He looks like a dick," one proposed juror flat-out said in open court, the stenographer taking down every word. That person did not serve.

[@Damian_1989]

"Local man too unlikable to be tried fairly"

[@guydreamr]

@@Damian_1989 Which is pretty close to being true. Turns out he really was a dick and then some when he contemptuously smirked his way through his subpoenaed hearing before Congress while repeatedly citing the 5th Amendment in between yawns. "Hard to accept these imbeciles represent the people in our government," he tweeted immediately afterwards, as icing on the cake. Just a lovely individual all around.

[@kempolar9768]

@@guydreamr It's always the people that really need friends, who make brand new enemies at every possible opportunity.

[@elliesimpson1313]

Boy oh boy. You nailed this issue!!! I was skeptical when I first read about Elizabeth Holmes in Forbes. Shocking lack of due diligence all around.

[@tehnikpaul]

Suddenly, I feel much better about being unemployed and broke. Thank you, Patrick.

[@theultimatereductionist7592]

Same!

[@HughJass-313]

@Ethan Cameron 🤣🤣 We'll all be daed one day... so don't be so Hard on yourself ❤❤

[@sleepydesigner]

Hey, you never know, you might able to step up your career as cigarette dealer

[@hamsterama]

There are "now hiring" signs everywhere! There's no excuse for being unemployed!

[@impendio]

Same

[@dementiamaster12]

This effect happened to me as well lol. After seeing on the news that a hedge fund had outperformed the market by 15% on the last couple of months, I, like an idiot, moved some of my money there, only to see my wallet “return to mediocrity” the following month. It was actually a 20% loss over 3 months, a hard lesson to learn

[@piccalillipit9211]

*PATRIC BOYLE IS PROOF* that nothing is boring if you have the right teacher...!!

[@sherirobinson6867]

I'm as broke as broken be. But, I absolutely love this financial channel. Absolutely hilarious and Patrick you're the man! In prisoned it's not cigarettes anymore as most prisons have banned smoking, but now it is ramen noodles. A prisoner in America cannot live without ramen noodles which is the main ingredients in all spreads and snacks in the prison system across the Nation...

[@juggalosispatientzero]

Hey you may be broke but look on the bright sidr, you don't owe millions of dollars to investors you defrauded.

[@flipina]

I saw the ramen thing in brooklyn99 and thought it was made up!

[@weird-guy]

Time to go shopping

[@oiinahgiiusadurrybrahchuck7209]

@@flipina got that picante beef street flavour

[@tempbauer2131]

When Kylie Jenner was crowned as a billionaire, I immediately was thinking that that cant be true, that it didn’t make sense to me. From there, I started to think about a few names of people that seemed to crash & burn after being in Forbes. Then I actually did just a bit of research that confirmed what I thought. This didn’t happen within a few hours of that Forbes cover or even over a couple weeks. I don’t spend much time and energy on people that don’t affect my life. After Kylie cover, I probably overheard someone talking or the cover of a magazine got my attention for few seconds, it would’ve been something that I didn’t even fully register that I had noticed. That’s when some others named in Forbes that probably shouldn’t have been wldv popped in my brain. That would happen once more to make me look it up. Probably 10 to 12, maybe 16 to 18 months from start to finish

[@la6136]

When Kylie came out with that self made billionaire nonsense I rolled my eyes so hard. Nothing about that girl is self made. Then it came out that the billionaire status was a lie crafted by none other than Kris Jenner too. Shocker.

[@thethinkingmansgame5050]

Thank you for mentioning that .. I basically stopped looking at forbes after that..they lost all credibility

[@vero2192]

Kylie being a billionaire was 100% a PR move. If you actually read the Forbes article, THIS is what they use to justify her being a billionaire: "Kylie Cosmetics’ revenue climbed 9% last year to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million." And they say with her other assets, that makes her a billionaire which like? Apparently her house is worth $36 million, so you're telling me she has other assets that aren't property that total at least $64 million? Also, they estimated her company to be worth 900 million, because she made an ESTIMATED REVENUE (not profit, big difference) of $360 million in one year.... when in reality, that was by far the biggest year for Kylie Cosmetics, and its sales have been declining every year. Thankfully she managed to scam Coty into WAY overpaying for shares in her company, so now she might actually be a billionaire

[@auliamate]

@@la6136 giving a new meaning to "YOU GOT KRISSED"

[@kleanish]

@@vero2192 that’s called stock valuation bro

[@elegantwalker]

Why does Forbes still exist?

[@matttran7161]

I'm certain Patrick would have been my absolute favorite professor if I had taken his classes.

[@mafiousbj]

Where I live the Forbes magazine in Spanish ran a series of ads for a Travel Agency offering insanely low prices which ended up being a pyramid scheme which paid old passenger tickets with the new money coming in from the word of mouth. Even if nobody had actually travelled with them because they offered packages 2-3 years in advance of the supossed trip date, many people mentioned the ads and articles/interviews with the CEO of the agency published in Forbes as key trust building pieces. Of course now that the travel agency suddenly declared bankruptcy and the CEO disappeared, some people are trying to sue Forbes for false advertisement but so far nothing seems to come out of it.

[@kempolar9768]

Wait people fell for a scam where they paid upfront for a trip in 2-3 years?? Ok yeah most scams I can see where people who are naive and trusting fall for them, but in this case I think it truly is pure stupidity on mass.

[@royalroyal2210]

​@@kempolar9768 white people, especially older ones, are a naive bunch.. not so surprised they fell for blatant scams. For F sake old white people even fell for the scams done by Indian call center! Like, how???

[@chillin5703]

Turns out that making a list solely dedicated to people who very quickly amassed great amounts of wealth (as you kind of have to be, to make the list), often times in "cutting edge" fields, means that those who have promoted untested and unverified technologies might get undue attention

[@pansepot1490]

It means that it’s easier making tons of money with fraud than with hard work.

[@troodon1096]

@@pansepot1490 True, hard work is harder, that's why it's called "hard" work, but you tend to get to keep most of the money you make that way and also are a lot less likely to end up in prison. Got to think of the long term.

[@danparish1344]

The magazine cover analysis is interesting. I’d be willing to bet that these sociopaths strategically lobby to be on the cover to help legitimize their scams and keep them running for a bit longer.

[@nineteenfortyeight]

They buy a spot

[@williambilliam5001]

Sir, your delivery of these burns on these 30 under 30 criminals is so deadpan, yet savage, and I'm all here for it! Great video! Edit: aaand that last joke towards the junior bankers is so unbelievably BASED (as the kids say). I've subscribed!

[@Triad72]

This is slowly turning into a finance comedy channel, and I'm glad I'm here for it

[@franciscodanconia4324]

I used to work for a company that, in addition to other things, published a self help magazine. They regularly had profiles of successful people in it. There was a period of time where a string of the people profiled were arrested, bankrupt or thrown out of their own companies by the time the magazine was published. For example it published a profile of Travis Kalanick right as he was tossed out of Uber. Same thing with GirlBoss Sophia Amaruso. I found it humorous at the time.

[@BleedForTheWorld]

"Girl boss" is peak neoliberal feminism. It carries all the same amount of corrupted exploitation of people under the guise of true female empowerment and equality for all.

[@skycloud4802]

I often find that about self help books as well. Even the writers themselves were drop outs and bums, or "hopeless romantics" that finally "made it". Many financial success coaches only got rich once they began writing and selling self help articles and doing coaching mentoring programs. "Entrepreneurs" buying Chinese crap on Wish and reselling via Amazon. Pick up artists that "lead great rewarding love lives" by harassing women on the streets and won't take no for answer. "Miserable" and "depressed" people that got better by some spiritual BS discovery or life hack. Getting rich by "thinking rich". Gorilla mindset. All just scammers promoting themselves and their fluff advice.

[@chubbymoth5810]

Was it a list of people that help themselves?

[@cptrelentless80085]

I got one of those bullshit books about successful personality traits given to me for free, on the advice of it being excellent. It was full of Enron employees and talked about how successful it was, and I should model myself on them. Weirdly this was just after they went bust.

[@chuckbiscuits7569]

Cripes help you do what? Become a sociopath?

[@Lumposaurus]

What I always find interesting about so many of these scammers is that for many of them, when you ask actual experts in the field, they will often tell you that what they are claiming is impossible. Elizabeth Holmes is a great example. Everyone who knew anything about medical testing was saying that her claims were 100% impossible. Holmes even played it up saying the ridiculous and probably imaginary quote that first they laugh at you...etc. and making fun of the "Alleged experts" and surprisingly the experts were right. So the people who should have known better, actually knew better.

[@sudhindrakopalle7071]

This blend of dead pan delivery, the typical British humor and of course, the shining ingredients of the lists themselves is a heady mix. Time for a replay and a drink!

[@Padbot1]

Irish.

[@fudalefu1]

I freakin love this guy’s dry wit and humor so much. He oozes sarcasm in the driest way possibles. Not only that, but his laugh per minute is so high. Literally every 1-2 lines is another stand up comedy line.

[@whoeveruwantittobe]

The joke about cigarettes being the new crypto and the Newton being the first gravity powered truck had me reeling.

[@maryermi]

You would think that this dead pan narrator would be boring but, instead, the delivery of the knowledge is both unique and informative. Well done!

[@KingSlimjeezy]

There was a big story out of St Louis in the early 2010s that one of the 30s under 30 convinced the East St Louis council to manage their pension fund. He actually carried a copy of the magizine and whipped it out anyone questioned him. He’s also in jail now lol

[@zimriel]

Shades of Newark. Their mayor and city council signed a deal with Kailasa, Hindu nation off the coast of Peru. ... Yeah.

[@robinwells8879]

I think that psychopathic tendencies are genuinely selected for in the financial sector and the boardroom in general. It’s going to take time for them to realise that this is not as successful a strategy as they think.

[@xraceboyex]

I think our entire financial system is based on fraud at the most fundamental levels and no amount of time can possibly solve any aspect of it. Until we have sound money - fraud is the default condition of the majority of business

[@marco1173]

No doubt. I think it's also driven by greed and some deep seated superiority complex. One thing is for sure, the financial and tech sectors are awash in some of the most loathsome human beings on the planet.

[@Hanex94]

I mean, it worked for decades, people are just kinda catching up to their shallow instincts and pretentions by now tho

[@robinwells8879]

@@Hanex94 I think that it is more unfettered now that they are in league with the psychopaths in government.

[@rdmvxxxg]

we lost standards

[@jnesis555]

I knew a 30 Under 30 once. They were just really good at networking. Their companies never really made it and found it difficult to find investment funding for over 5 years. I stopped working with them because no amount of mentorship or support could help their failed vision.

[@emperormegaman3856]

Because of your profile Pic I just pictured Mr.Big getting fed up with a young and overambitious Geese Howard.

[@Elenrai]

I can only imagine, I was so close to being one of those types except...my idea might have been feasible when I had it, but by the time I had become ready to push forward with the idea, Bluetooth technology became widespread enough that my core idea became worthless, functionally id argue it was worthwhile but....people sadly do not consume shit with common sense and logic...its more of a haphazard drunken stumble

[@operandexpanse]

Sounds like a 30 under 30 I knew who was a childhood and family friend.

[@redrust3]

Stanford University has a similar problem. Elizabeth Holmes is a former student and Sam Bankman Fried was born on campus to parents who taught at Stanford Law School. (His mom taught ethics.)

[@ronskancke1489]

His mom teaching ethics is incredibly ironic. Wasnt his father in financial management? I sure hope they are evicted from any properties sam bought them with other people's money.

[@EVANGELOSS54]

Patrick provides the most ingenious, informative, sarcastic and enjoyable content ! Who would have thought , it could be possible to make finance related topics such a treat to watch !

[@theodorehsu5023]

He brings a European snark to his videos, and flavors them with irony and wit. I enjoy them quite a bit.

[@Desmaad]

Should blink and modulate more, methinks.

[@patricksweetman3285]

Agreed.

[@kennyG7747]

😊😊😊😊

[@awijntje14]

Never laughed so much during one video, the sheer amount of burns Patrick is "Boyle-ing" out is just insane, never change my friend!!

[@corylaws4285]

😂

[@michaelbelcher7942]

I think this is a universal problem in the media. When outlets/journalists try to comment on sectors they don't fully understand, they end up making big claims which usually just highlight their own ignorance on the issue.

[@phuturephunk]

Forbes does fully understand these sectors though. They just don't care. VC and, to a bigger extent, the general disposition of capitalism is just hype to generate transactions. All of these people did this. It was through malfeasance, yeah, but it still did what it was supposed to do.

[@kempolar9768]

@@phuturephunk I would give it a half and half ratio, half of the time they know what they are doing and its on purpose, the other half they think they know what they're doing but its actually incompetence.

[@botesz20]

​@@phuturephunkVC is many times just a "greater fool" scheme where everyone plays hot potato with Forbes cover story startups

[@Anankin12]

So... Always?

[@Myllkka]

Are you related to Bob Belcher?

[@MasterKenfucius]

Forbes hasn't learned that "if it's too good to be true..."

[@Miata822]

"Shoeshine boys were the Finance KZbinrs of the Roaring '20s." Almost fell out of my chair. Deadpan glory in its delivery. @Patrick, you missed your calling in stand-up.

[@eddenoy321]

That was a great one, I agree.

[@q-chan4764]

I almost spit out my food😂😂😂

[@michaelbraun9750]

​@@q-chan4764 major mistake on your end, mate, never eat or drink while watching him. 😅

[@alexnoman1498]

11:20

[@troodon1096]

I prefer to phrase it as finance KZbinrs are the shoeshine boys of the 2020's.

[@mrwednesdaynight]

I guess I don't feel so bad being a penniless store clerk at the age of 43. Likely my peers who were the 30 under 30 are all behind bars.

[@weird-guy]

30 under 30 school mates edition 😂

[@deang5622]

So you're flat broke at 43 years old and on minimum wage and you're happy that your are doing better than your school mates. Minimum wage at 43. That's not something to be proud of. That tells me that from the age of presumably 16 when you left school to 43, a period of 27 years you have done nothing to increase your education and get some qualifications? Seriously? No education in 27 years? Why do you think that is?

[@kamarulariffin3093]

@@deang5622 why do you care?

[@mrwednesdaynight]

@Dean G I have two college degrees. And I did graduate high school. I just don't have 3 to 5 years of experience in anything other than minimum wage jobs. Maybe someday I'll find the place that gives people 3 to 5 years of experience and I can get a meaningful job. But at least I'm not in prison like the 30 under 30 from when I was under 30. And I'm absolutely dead serious. Any job I have applied for in that last 20 plus years that could even vaguely be considered a career I have been denied because I don't have experience even though I have education. That $180,000 in student loans was a really bad idea.

[@deang5622]

@@mrwednesdaynightWhat were your degrees in?

[@Aster_Risk]

That wood nymph joke caught me so off guard. I had no idea she was part of our community, so clearly you're right!

[@Seriouspatt]

Let's not knock Forbes too hard. It has a knack for spotlighting the most unscrupulous, mendacious characters long before their inevitable tumble from their ill-gotten pedestals. It's like a sneak peek into the hall of fallen fame. We wouldn’t want to miss that, would we?

[@HenryTitor]

Forbes is like the Nobel Peace Prize of the financial world

[@Chris-ci8vs]

*Nobel Peace Prize. The science Nobels and some of the literature ones are legit.

[@we8608]

No. It really isn't. It's more like white America's rep sheet.

[@theordinarychannel9334]

@@Chris-ci8vs Henry is referring to the background of how & why Alfred Nobel started the prize ,you know after making it possible to blow shit up.

[@juanchoresultay2704]

Exactly 😂

[@rasputin2k851]

​@@Chris-ci8vs no literature is legit. It's make-believe stuff about nothing.

[@PBoyle]

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Christie, lazypikachu23, Olivia Ney, Steven, Jordan Millar, Reagan Glazier, Viki Rebic, Adrian, KoolJBlack, Deborah R. Moore, Alonso Ibarra, sam, Dru Hill, Dean Maurer, Tim Jamison, gavin, Ultramagic, HEWHOSHALLNOTBENAMED, Nigel Knight, Daniel Winroth, Paul Niekamp, Job Zamora, Zhnjy, Brian K. Lee, Tony Bianucci, storm, scott johnson, Suzy Maclay, Just Plain Old Boring Mike, Fernando Garcia, Agatha DeStories, Chris Peterson, Nesh Hassan, Molly Carr, Christan, Michael Jones, Ross P, Conor Rainey, Milos Krljanovic, Laura Sanborn, Richard Hagen, Nicholas Muller, Adam Stickney, Peter Weiden, Mate Visky, RVM, Brainless, Marcio Andreazzi, Yih Pin, Ziad Azam, Jonathan, STEPHEN INGRAM, Panks, Michael Wilson, Peter Luu, Gregory Lethbridge, Daan Jetten, Ivan Katanic, Benjamin, Boris Azais, Flanneryo, EricO, DoubleWhy, Paul Hilscher, Manuel Barkhau, Gaurav Batta, Earnest Williams, Harun Akyürek, Dionysis Partsinevelos, toufik ouriachi, Maximiliano Rios, Claire Walsh, AT, Atanas Atanasov, William J. 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[@ACrownofFlowers]

I don't understand how this man managed to keep a straight face through all of that. 😂

[@JohannRosario1]

Aaron Sorkin would simply call it GOOD WRITING.

[@ACrownofFlowers]

@@JohannRosario1 hahaha. True.

[@CARATMom]

I would love to see a review on how Forbes “estimated” Kylie Jenners lip gloss company to be worth a billion. Or how her mothers isn’t in jail for fraud? Or how do estimations even work? Because how does JP Morgan pay 100 million for a company that does not work?

[@vaibhav0251]

Boyle is the most hilarious KZbinr in finance.

[@PapaCharlie9]

Well, if you include unintentionally funny, it's a closer race.

[@FLancer218]

How dare you he's a very serious man making serious videos he said so himself

[@sigmundfreud7903]

I’m keeping my Theranos, and SBF covers as a stark reminder of how even respected outlets can get it so wrong.

[@samsonsoturian6013]

"Respected."

[@SupramanRambled]

You forgot to add lol, Sam. Lmao, even.

[@batrachian149]

And yet you are subbed to Sargon.

[@putinski666]

It's a fucking media outlet. Do you think they give a shit about truth or research?

[@greebj]

Keep them as a reminder of how wrong the concept of "Respected" can be

[@Mrphilipe1997]

I love this man, he so so unforgivingly funny

[@J.C...]

It should have been obvious Nikola would fail. They can't even design or build a truck properly. They couldn't even get the back half of the truck to be the proper height. Look at how the the trailer is angled and the front of it is higher than the top of the truck. The trailer attachment point should be 8-12 inches(like 20-30 cm) lower.

[@markcarey67]

The delivery of this whole video is gold....."are they electric self driving pencils?"

[@tookitogo]

I think he said “self-writing pencils”! :D

[@nedcurfman3486]

So deadpan I do a double take every time you slip a joke in. Your delivery walks the fine line between the cadence of a technical how-to video and satirical news.

[@ekki1993]

There's also this concept from AI security that essentially says that the most extreme outlier ways to get high scores will probably come from exploiting the rules in ways you didn't account for. In an AI playing the original Mario game and optimising for score that can mean exploiting bits to force the score into the maximum value instead of winning the game. In finance, that probably means exploiting some sort of loophole that more often than not ends up being something illegal that well-established, slow-growing companies wouldn't do.

[@lalaonly4638]

But if you're optimizing for score then you would be winning (in your own chosen goal of optimum score) by getting the max score ...Because winning is no longer defined by beating the game's original purpose of completing the levels or challenges right? If that makes sense how I'm looking at it

[@ekki1993]

@@lalaonly4638 I understand your point but the reality outside the example is more complex. Sometimes you can't define "winning" so easily and you need a "score" of some sort. The Mario game isn't the best example because there's an obvious win condition, but I used it for the exploit comparison. However, the example of a business is in fact illustrative. If you define "success" by how much money someone makes, you get exploits like the people in this video. And it isn't trivial to change the definition without still introducing exploits. In fact, one could argue that laws and historical accountability already try to solve that. These people still find loopholes around that, be it by skirting around grey areas or by hyping themselves before they have been proven to be long term successful. Lastly, it's not like AI security discovered these problems. They come from understanding human intelligence in the first place. However, we did get a lot of mathemathical and simplified examples of how these problem work by studying simplified systems and seeing them become more complex. And I think there's something interesting there to use as feedback for economics. Hell, for all I know there's already been people doing it, I'm just in a youtube comment section.

[@PharaohMan007]

I currently work under a Forbes "Best new principal in China." He's currently now co-head of middle school in a tier 3 school. He's not qualified and of course has a 98 page doctorate thesis you can read and be shocked at too! Makes me wonder what Forbes really does to make these claims.

[@ytucharliesierra]

It simply accepts some, let's say donational grant from the subject in question...😉

[@MiroslawHorbal]

Got to love how many jokes Patrick can get in within a 2 minute stretch :D If you pay attention, you'll also notice he's not a comedian, but in fact, is trying to teach you about the world of business and finance.

[@zorktxandnand3774]

Funny how that works.

[@theodorehsu5023]

He uses irony and sarcasm to flavor his teaching.

[@cdreid9999]

patrick has that british "politely Eviscerated you and you dont realise it yet" humor

[@theodorehsu5023]

@@cdreid9999 That’s what we love, he can bring that dry British wit to the more serious financial material to make it enjoyable.

[@MitchMatrixx]

Wait, this channel is about business and finance? Great, now I need to find a way to return these tickets to Patrick's "comedy" show. Good looking out, Miroslaw!

[@academictrailers3010]

This is defo one of Patrick's best. Had me laughing my ass off. So good. Wish I could sit down with him and have a beer and talk financial crime. Cheers mate and greetings from Australia.

[@SnowofLight]

Sometimes a video really can be art. I remember a time where I looked at that list, and wondering what was so wrong with me that I was no where near making that list or a similar achievement and I had wasted my entire life before the age of 25. Now I realize that I should have just lied harder, and more aggressively.

[@vectoralphaSec]

Yeah but then you would have gone to prison.