FTX Bankruptcy Explained!

[@PBoyle]

Sign up for The Daily Upside using this link: bit.ly/3G6QKpE

[@badluck5647]

We know the Daily Upside won't lose all our money. Great Sponsor, Patrick 👍

[@GCOCommander]

That shade you threw at content creators in the beginning was hilarious!

[@antonbelyaev8295]

But does it have articles about sultry wood nymphs?

[@uydagcusdgfughfgsfggsifg753]

The humour in this video has no right to be this good ⚰️⚰️⚰️

[@SkunkMonk]

"420.69 million from, wait for it, 69 investors" ..... You're responsible for the cramps I got laughing my ass off while watching this episode. Please make more videos like this. Thank you. ❤️❤️

[@KNByam]

I'm never playing poker against this guy.

[@t.michaelbodine4341]

How does he just not laugh at some of his material.

[@lastempire7302]

The fact that Patrick can tell spectacular jokes with an absolute poker face is gold.

[@vanekirk]

He is British so…

[@thegrumpydeveloper]

“And you can’t make this up, their risk manager used to work for credit Swiss. I’m not trying to make jokes about this I’m just reading out the news.” Just perfect delivery. Hats off to you sir😂

[@mikespotts182]

Lol, and he's not joking is the best part. I'm sure he's aware it's funny, but he says it in a Jadon Bateman, or Dwight Schrute sort of way.

[@psychtank8681]

The poker face is him holding back his tears for so many people falling for it.

[@fademan77]

And you have to listen carefully or you'd miss it

[@notthedroidsyourelookingfo4026]

This feels like a very labour-intensive format. Not only do you have to make a finance story digestible, but also create jokes with throughlines and callbacks, like a stand-up routine. Very impressive.

[@jaybraithwaite6839]

The heartfelt apology regarding the sneakers really shows Patrick is sorry for such a poor decision. I really applaud him for owning up and not just brushing it aside.

[@joedellamora378]

I dont know...theres a rumor of a second pair of new balances that have mysteriously disappeared. Are we sure Patrick didnt launder those new balances so he can wear them in another country? Im just asking questions here

[@loismiller2830]

After hearing that Patrick dumped his New Balance I am definitely selling my wood nymph costume.

[@luiul1]

i suppose this is where i admit to wearing those for over 40 years.

[@demokrative]

please can you provide vid link of Patricks video where he talks about this? He is really funny and a great presenter

[@Heyu7her3]

@@demokrative he talks about it in this video around the 1- min mark

[@lowkeybeams5663]

Patrick is so much more fun to listen to when he's talking about people losing it all.

[@Drakshl]

You can just tell how much he enjoys talking about people who make terrible desisicons

[@dman1511]

lmao, he really is a pretty funny dude. I'd imagine most of us would enjoy grabbing a drink with him.

[@aredub1847]

losing it all isnt enough. the good life needs to be clawed back.

[@HamishMacEwan]

About other people losing it, most of all.

[@SteveJonesOwnsDSP]

I need another Elon video from him

[@jackdavenport4303]

Its so frustrating to think the influencers that promoted this are going to get away totally without consequence.

[@Chris-ey7zy]

This is like that party at that island where it was pump and dump

[@XYZ-bi9eb]

those influencers have stashed away their money, ripped off from stupid FTX investors, and are hiding in exotic places around the world. 😄

[@doodlebug1820]

the CEO of Alameda has a father who is head of economics at MIT and used to be Gary Gensler's boss

[@sebfox2194]

I don't blame the influencers this time, because SBF and FTX were thought to be legitimate by plenty of big name mainstream players. SBF was on the Cover of Forbes magazine, and was chatting with senators and testifying in Congress. And companies like Blackrock and Sequoia Capital were investing hundreds of millions into FTX. So, I don't see how you can be angry at some young KZbinrs who also thought that he was legit. I agree that influencers should face consequences for promoting obvious scams, but this wasn't particularly obvious.

[@seekittycat]

@@sebfox2194 I hope at least people can see influencers are stupid AF and talking out of their ass. A wake up call to remind people crypto influencers are just as stupid as everyone else if not more stupid cause they get bribed by the paycheck. But perhaps this is asking for too much

[@paulalwayslearning8573]

I have been a chartered accountant for 30 years and it’s not often you come across someone with an extraordinary ability to unravel the complex in such a succinct way. Bravo.

[@dredgewalker]

I have never seen a youtuber or financial teacher who has a PERFECT deadpan delivery that is also so smart and funny like this guy.

[@coyotelong4349]

And he also speaks so slowly as well, makes him very easy to understand

[@MC-lx1dl]

To be honest, Patrick has a very good chance of being a stand-up. His dry and sarcastic humor is so unique and very hard to copy/impersonate. The way he delivers his content is comedy gold.

[@hardystein114]

I would have to agree 💯

[@Meitti]

Not really but he inserts enough sarcasm in his stuff that he's an interesting teacher to listen to. Probably was a good teacher in whatever university he used to teach.

[@Studeb]

He sure has a Jack Dee quality, although I suspect that he would be helped if he had a power point next to him on stage.

[@MattCasters]

Yeah, this one was a masterpiece.

[@kylefoster6795]

That’s how British ppl do comedy wym. Everyone in Britain is like that.

[@CrocodileWhispers]

Thank you for doing this with minimal cuts. It really shows you put effort into your script and your presentation. Also I appreciate you never promoting these scams. Newsletter are almost entirely harmless lol

[@xdman20005]

How does a newsletter make money anyway?

[@thomas.02]

@@xdman20005 why ads, of course

[@xdman20005]

@@thomas.02 makes sense, ty

[@jtgd]

Almost 😅

[@MSportsEngineering]

Newsletters get paid big bucks to pump stocks. Very harmful but I think most people know their stories are highly biased.

[@toddly76]

Literally broke out in uncontrolled laughter at the pictures of SBF used here. Pure gold.

[@JakeWitmer]

Yes. Even the comedians who've been having a field day with FTX haven't done this good a job with it...

[@NoName-kg5rv]

I am a finance PhD student, and I gotta say you give some of the clearest and most precise explanations of financial terms and concepts to viewers, much better than most professors even. Excellent!

[@quixomega]

Patrick Boyle IS a professor, and probably one of the better ones at explaining finance concepts to us plebs.

[@thunderb00m]

I'm too smooth brained to understand everything but my biggest takeaway is avoid credit suisse and it's current or former employees at all costs .

[@PugetSoundSpearo]

@@thunderb00m this comment aged like wine

[@JimmyBriggs]

@@PugetSoundSpearo yeah it did

[@tuskedwings7453]

@@thunderb00myooooooo this comment lol nostrodamas is that you

[@SirEmrik]

I love how Jason Statham turned from action hero into this chill youtuber teaching us about economics. Good video as well!

[@sebfox2194]

I love how some people think that every bald dude looks the same 😂

[@tmyersf4]

Nah... Patrick is more like a Heisenberg. Statham is just a kicking mule.

[@Swavvy116Xrs]

You mean johnny sins!

[@NathanHedglin]

@@sebfox2194 We do? I wish!

[@SirEmrik]

@@sebfox2194 every bald brit*

[@Alister22ful]

A whole entire generation is re-learning why we have banking regulations in the first place.

[@idleishde6124]

The young always think they are smarter than previous generations. Sometimes yes, no one would argue a plane is less effective than a horse and cart. But sometimes no, if there are rules there is usually a reason why rules exist.

[@xman666soad]

@@idleishde6124 came here to say the same thing. These young punks think they can create a better mouse trap while at the same time refusing to understand how and why the mouse trap was built that way in the first place. It’s fucking annoying and I’ve been telling people this over 10 years since I was in my 20’s. These assholes don’t even know how infrastructure is run or maintained but they all want to change the entire economy at the cost of human life. If anyone thinks they can simply change the energy infrastructure from gas/coal/oil to wind/solar using the power of legislature or executive force they’ll just be responsible for more death than Genghis Khan, and for much longer.

[@mandisaw]

They don't really teach the 19th century at all these days, or much about the 20th century, besides WWII, and barely that. Have had to explain to grown adults, age 20s-40s, what FDIC-insured means, how checking & savings accounts work, and really just the basics of US banking & household finance. No wonder then that folks keep falling for these schemes that are ripped straight out of a history textbook.

[@VitaSineLibertatenih]

Or learning to use crypto onchain, like it's supposed to be used )))

[@PapaCharlie9]

Damn, I was going to give you a thumbs up, but it's at 69 right now and I just can't ...

[@davidobembe5302]

Found your video when I was trying to understand this FTX saga. I feel like a PhD student in Finance after 26 minutes. Thanks for the clear and humorous explanation.

[@hamyncheese]

just don't go around thinking that you can start your own crypto exchange because you are so smart now! :)

[@ramyagarapati8084]

ha ha, literally.

[@HamsterQueen9]

I am a lawyer in financial sector and I must say that your delivery is exquisite. It is exactly the dry humour, sarcasm and poker face that got me subscribed.

[@thefoolishhiker3103]

If only more KZbinrs would make high quality wood nymph financial content. You, good sir are a scholar and a gentleman.

[@theautisticguitarist7560]

Though not a wood nymph, sadly.

[@vez3834]

@@theautisticguitarist7560 the world needs more wood nymphs. Maybe we should be the change we want to see in the world?

[@geekinasuit8333]

As a wood nymph myself, I could easily understand the entire explanation of why FTX had gone to zero, it had everything to do with the definition of what a fantasy is.

[@slappy8941]

Yes, but are you _S U L T R Y ?_

[@robrod8962]

@@slappy8941 Unfortunately no, I'm a dude that self identifies as a wood nymph, it makes about as much sense as when Samuel Bankman-Fried self identified as a competent CEO.

[@johndawson6057]

Bruhhhhhh😂😂😂😂😂😂😂😂😂😂😂😂😂

[@erikrungemadsen2081]

😆

[@tedchandran]

Jai Hinduja. New Babylon are now filled by wood nymphs who had enchanted even experienced financiers to drop their trousers so to speak or to do the due diligence due to unfettered greed.

[@kaya051285]

Who would have imagined a business allowing its customers to trade magic beans could go pop

[@Nerdfacenerd]

Yes I agree The technical evolution is very scary for Amish people....

[@philmckay9973]

😂😂😂😂😂😂

[@jamesmeow3039]

The Harry Potter fan should probably have been aware of Magic Beans and Leprechaun Gold she was investing in.

[@badluck5647]

To be fair, Jack was right about the beans being magic even though everyone ridiculed him. Somehow people keep making money on cryptocurrency even though it is useless as a currency and has zero intrinsic value. Long story short: Nothing makes sense anymore.

[@lavs8696]

​@@badluck5647 except this is the same tale in any financial sector that's unregulated and has repeated itself throughout history.

[@michaelderyder426]

The minute he went with the sultry wood nymph, I subscribed immediately. 😆

[@thegrumpydeveloper]

Showing up to the office dressed as a wood nymph is a firing offence. Pure gold.

[@jimjackson4256]

Except if you are a teacher in Ontario

[@teatowel11]

This is such a quality, no bs presentation. A simple explaination without insulting our inteligence.

[@ripvanrevs]

22:27 is the highlight!!!

[@hamyncheese]

Agreed. Nearly Everything else in the world is an insult to everyone's intelligence. It's nice to have some relief from that here.

[@thomasracer56]

On the other hand, he may or may not have insulted someone's taste in literature and fashion.

[@alexleung842]

I feel pretty insulted but I should feel that way after investing in sultry nymphs and 420 69

[@DJ_POOP_IT_OUT_FEAT_LIL_WiiWii]

i like how he reminds the operation was run by man child

[@pfeilspitze]

You having "A Treasury of Irish Myth, Legend, and Folklore" on your desk while being confused about wood nymphs is the kind of detail I'm here for.

[@doorhinge2039]

I genuinely feel bad for those affected by that Canadian teacher's pension fund getting tied up in all this. I mean who allowed a pension fund to gamble away with crypto in the first place?

[@RottieGuy1980]

It was less than 1% of their holdings. They used to own the maple leafs and raptors.

[@roc7880]

I thought it was illegal under basel II for pension funds to own crypto

[@RottieGuy1980]

@@roc7880 they owned actual equity in the company.

[@luisasterioquerubin6829]

Will it be recovered?

[@RottieGuy1980]

@Real Cash Tok that teachers plan is worth over 240 billion. It was less than 1% of their holdings. They aren’t worried.

[@kostadin_ristovski]

Patrick, in the past, your videos were mainly informative, now they're also entertaining. Compliments to everyone involved in the production of these videos, keep up the good job!

[@SiisKolkytEuroo]

The guy is so good at talking to the camera that he barely needs to make edits :)

[@jlocke3482]

The way patrick delivered "children's book...it's for children..." is comedic killer

[@earthwormscrawl]

Followed quickly by the "Sultry Wood Nymph" line. He's a master!

[@elcookiemonsteru]

A single tear came from my eye..i like harry potter.... lol But hey, i invest in stocks ;)

[@larzkruber822]

Could you imagine a interview with him and Philomena Cunk? I wonder who would crack first

[@AvoidTheCadaver]

The amount of shade thrown in this video was blinding

[@gregtomamichel973]

As a crypto exchange falls over, Patrick, Plain Bagel and Coffeezilla do a wonderful job of explaining the nonsense.

[@fathippo6805]

They all gonna fall over. There is a big big domino incoming

[@buckfiden1776]

@@fathippo6805 So ready to stop working for a while 😩

[@stemcareers8844]

Also money and macro

[@davewatson3833]

Never expected I'd find myself binging finance videos?

[@cheezemonkeyeater]

And I think to myself, "what a wonderful world."

[@mrmilkshake9824]

This channel really balances the fine line bitween cringe, comedy and informative. Learning a lot but am not bored and actually getting a chuckle out of the jokes

[@savage1267]

Totally agree. Well put. 👍

[@HonoredMule]

I'd normally agree, but the balance is pretty heavy on cringe this time around. So much mocking of people for how they dress and spend their free time. It's like trying to watch Revenge of the Nerds in 2018.

[@BigJohn6060]

same

[@fryone]

I am absolutely honored to have witnessed your come up as one of the sharpests economic teachers this platform has had the dignity to post. You are a true inspiration Patrick, congrats on the 362K subscribers, your ''recent'' history lessons involving Carlo Ponzi, or other financial big names are absolute gold. Respect from a fan residing in Spain :)

[@ironmantooltime]

Get a room

[@fryone]

@@ironmantooltime now what will i do with 4 rooms my friend?

[@TremereTT]

@@fryone is the room thing an insider? I love Spain. Especially Roses and Empuriabrava.

[@fryone]

@@TremereTT a person of taste who ALSO watches Mr Boyle's works? IS THIS A CROSSOVER EPISODE? 😁

[@tomcads1604]

Patrick is getting funnier with every single one of these commentary videos. I already knew the full story, but I sure wasn't gonna pass up on how Patrick would roast the FTX crew. Keep doing what you do, you absolute legend

[@MikeLyons2011]

I disagree. I think the world is getting funnier, Patrick is simply a reliable narratator.

[@denisewildfortune4058]

Agree! He is a freaking legend!

[@luddity]

That stack of books on his desk indicates he did his due diligence on sultry wood nymphs in preparation for this video.

[@BillClinton228]

"Harry potter is a children's book" - I'm so glad I'm not the only person on this planet that thinks this.

[@j.calvert3361]

Very informative and enlightening. I love the deadpan way Patrick delivers his scathingly funny sarcasm

[@hanniss9]

My favorite "a sultry wood nymph", around minute 24:30. Very well researched in all respects.

[@glassmuxxic]

It’s insane to me that there are a huge number of start-ups in the current market that are struggling to find capital on anything like fair terms, but magic bean salesmen are apparently being handed hundreds of millions to burn at warp speed.

[@handler8838]

wut!? the capital borrowing environment in both Europe and the US is still at historically amazingly easy-to-achieve levels compared to any other point in human history.

[@handler8838]

@Lawofimprobability Big Bang-Present Day. Historically amazing still.

[@jameskwon7617]

This is Patrick at his best. Financial satirist. The pictures of Phil Spector as SBF is killer. I bow to you Sir Boyle.

[@Angelstar7774]

That was hilarious and so called for 😂

[@jameshowell5365]

Agreed. Started strong with that one.

[@matija8592]

Fun fact for the audience, Lehman's bankruptcy proceedings are still going on 15 years later (EDIT: took nearly 15 years to resolve before wrapping up in September 2022). Wondering how long it will take for this to get unwound. Edit: Sorry everyone, I was wrong. It finished in September 2022 per Reuters. But 111,000 customers got paid out over 100 billion dollars. Hopefully FTX customers can get their money back.

[@Samstrainsofficially]

A long time... least there seems, maybe, to be no missing crypto or such to consider just an insolvent business

[@MrAsteba]

Why is it taking so long? Because of the legal process?

[@raymondcaylor6292]

Lehman's Stock continues to have value even today. 0.0002 - 0.0026 depending on the trust share owned. For $200 you can own a million shares. If you buy a million shares of the cheapest and it gets back to a penny you'd have $10K. ( not financial advice) well ( not very good financial advice anyway)

[@Samstrainsofficially]

@@MrAsteba yup pretty much just size creating complexity... along with added complexity of involvement in god knows how many products, schemes, scams etc etc

[@weho_brian]

where are they (FTX) going to get the money from?

[@ricktaylor14001]

The comedic side of this is simply GOLDEN!! I loved the “even saying 420 or coming to work dressed as a wood nymph is valid for firing” comment… just perfect!! Never watched one of your videos, but I’m hooked now. 🤣☮️

[@HughJass-313]

Maybe support him $1 for his patreon....

[@ricktaylor14001]

@@HughJass-313 WTF? 🤷‍♂️🤦‍♂️

[@HughJass-313]

@@ricktaylor14001 *P A T R E O N...*

[@ricktaylor14001]

@@HughJass-313 🤡

[@HughJass-313]

@@ricktaylor14001 😆😆

[@alejandroabad-pablo7813]

Patrick, I am a junior in univeristy studying financial technology and I just want to thank you for all the hard work and great content you put out on KZbin so students like me can learn. This is one of the best KZbin channels around and I hope you continue do educate the masses. Thanks again Patrick, Ive been subscribed , like your videos , and am even going to purchase your books when I get a job lol just been studying but would love to read what you have produced. Keep striving and being great.

[@__thebadger]

Sorry to hear you're wasting money on a finance degree the way did. Glad to see that you are hear getting an ACTUAL education that will help you succeed.

[@kestertroy]

I've never commented on Patrick's videos, not once, because they're all so well thought, insightful and my limited knowledge could not fault him. But this one video has been an extraordinarily humorous to watch. Love the not so subtle jabs at kids running a company. I think people over emphasized SBF's contribution, when in fact what he did was merely buying Blockfolio and repackage it into FTX. Kinda like what Dorsey did to Twitter, and what Musk did to Twitter.

[@sebfox2194]

You don't have to find fault to comment.

[@stephstephatron2887]

I am chuckling....it is good humour

[@iMightyElephant]

to be fair, what elon is doing to twitter is a far quicker and spectacular failure that SBF

[@besomewheredosomething]

And what good ole Magical Tux did with Mt. Gox which was a repurposed Magic: The Gathering card trading exchange. The reality is this isn't new in Crypto and has been running since at least 2013.

[@NooneStaar]

Who did Dorsey buy twitter from?

[@peterdo5047]

"We all have crosses to bear" 🤣 bro's jokes are so on point today, I didnt fast-forward through the commercial part out of respect

[@TJsW28]

I listen to these like a podcast while at work, and the jokes always make me stop for a hot second then chuckle once I realize what has actually been said. Love it

[@mikestanmore2614]

Hat's off to you Patrick, you delivered this dead pan. Well done. BTW The Phil Spector shot for Bankman Fried was hilarious.

[@dprfail]

it was not funny, it was anti-semitic

[@mikestanmore2614]

@@dprfail Hahaha!

[@dprfail]

@@mikestanmore2614 🤣

[@alessandrolodi8951]

this video is the perfect combination of detailed explanation about a sultry wood nymph and their abilies to trade fairytales. Patrick legendary as usual. Très bien.

[@foolishus]

I tried buying your book: Trading and Pricing Financial Derivatives: A Guide to Futures, Options, and Swaps but the only copy available is over $100. Would be great if you re-released this as an e-book. Keep up the great work.

[@appalachiabrauchfrau]

psst it's on libgen

[@clarkmeyer7871]

Patrick, Your clarity of the issues and humor related to the nonsense of the FTX debacle is spot on. I absolutely enjoy your take on financial issues in the world today. Keep up the great work.

[@skipdoggy]

I just love this channel... Where else in the world will I find comedy and finance in one nice little package. Thanks Patrick!

[@conspiracyman8353]

Nymphs are actually from Greek mythology, although I notice you also have a book of Greek myths there as well. Your research on sultry wood nymphs seems a lot more thorough than the research people who invested in SBF did.

[@zen1647]

Classic!

[@nanucit]

Probably just a sultry water nymph after all

[@Nixitur]

@@nanucit Listen -- strange women lying in ponds is no basis for financial advice.

[@erikrungemadsen2081]

@@Nixitur As long as they dont start distributing swords as a system of governance. Sultry nymphs have no place in modern management.

[@denisewildfortune4058]

I'm crying! 🤣

[@danh9002]

You sir, are awesome. Best financial commentary, ever!

[@jjtimmins1203]

Man, you had me in tears. Thankfully not because I'm invested in ftx. Thanks a million

[@archimedes2261]

How much did you invest in ftx?

[@herokillerinc]

The Phil Spector as SBF photoshop is bloody epic!!!😆😆😆

[@ricktaylor14001]

I don’t think enough people caught that one, it was absolutely spot on!! Comedic gold really.

[@cosmo5805]

This channel is so underrated. Love you, Patrick!

[@extremelyhappysimmer]

the way you deliver snark with both a completely straight face and an unblinking gaze that stares deep into my financial soul is both unsettling and intriguing. subscribed.

[@hughmead4165]

Patrick has so little chill when he's roasting financial idiots. the driest sense of humour on youtube, love it.

[@samrossi2641]

when comedy meets finance you get this channel, please don't apply brakes on the humor this is gold.

[@christopherholbert1878]

Thanks for having such a sensible, honest, no frills, educational, mature channel!!!! I used to watch the big finance KZbin guys. But no more! Keep up the good work!!!!

[@pickyourteethup]

This is such a lovely accidental backhanded compliment.

[@mcashnv]

This FTX affair indicates that the highest echelons of wealth in our society are not only corrupt but frighteningly deranged and disconnected from reality.

[@snook.1]

I really loved this stand up special. Great work Patrick!

[@RetselisitsoeA]

Um laughing hard 🤣😅🤣😅

[@joshsuperstevens]

I don't know how he keeps a straight face. I imagine he must have to do several takes.

[@PulpFreePress]

Haven’t laughed so hard listening to financial analysis ever. You, sir, are a comedic genius!

[@MikeLyons2011]

His dead-pan is nuclear blast proof.

[@abes.4040]

I'm laughing as I m writing this. "I don't know if this is a children's video game" Hahahaha

[@Christiangrey999]

Patrick’s jokes always hit

[@JavierBonillaC]

I am an Economist and when people asked me about the crypto currencies I'd draw a blank face and nothing would come to my mind except Deutch Tulips. I couldn't for the life of me explain how the heck they created value. It's a relief to know they didn't.

[@stellviahohenheim]

Crypto is psyop

[@dimitrifake53]

To be honest. Most argue they are worth it because they believe US dollar is about to collapse tomorrow.

[@cedoniapeterson9239]

Similar for me, I was a college student double majoring in computer science and economics so everyone thought I could explain bitcoin. I could not.

[@rykehuss3435]

They create value the same way anything has value as a currency. If people believe that it has value, it has value. Cryptocoins can be valuable if enough people believe that by investing in them they can make a profit by selling that crypto later on.

[@JavierBonillaC]

@rykehuss3435 so we can start giving value to our intestinal gassy exulsions?. Well no because that has not enough mystique to fool buyers. But it's the same thing.

[@asdisskagen6487]

Patrick, I gleefully clicked on this explanation of the FTX debacle since your videos are always extremely entertaining as well as informative. Thank you so much for this; it's Sunday and I already know this will be the highlight of my week! Cheers!

[@mammuchan8923]

OMG first time watcher here and this channel is gold. No nonsense explanation delivered with a dry sense of humour, superb!

[@chloemaxwell2628]

Patrick, you are the only economist/humourist I know, and I love your videos! Keep them coming!

[@andrewrovers2078]

First time I have a seen one of your videos, absolutely fantastic! So sad it took me so long to find you!

[@Hecticam]

When you make videos filled with so much fun and knowledge at the same time, they really are the best!

[@elderjoe1]

Man, this was the most calming ROAST iv ever had the pleasure of listening to. Well done.

[@alexandremeunier366]

Definitely your best video so far, you're just getting better and better. British humour at its finest!

[@avisnubia]

I am dying here with this commentary 🤣 😂. Brilliant! I'm not even a financial person and this is hysterical! Wood nymph!

[@choccypops]

Sir Patrick Boyle and Dr Todd Grande are just the most fantastic KZbinrs

[@marty5627]

Patrick Boyle at his best - informative and hysterically funny!

[@femmepunk9716]

Happened to click on this video just out of curiosity involving FTX, holy shit you are hilarious 😂 love it, keep it up legend And genuinely informative

[@universalmeditation8631]

Warren and Charlie are probably watching this unfold and saying, “Well we tried to warn them but stupidity has no bounds.”😂

[@minyaksayur]

tell that to Tom brady and his ex wife.

[@Trelmayas21]

I come to this channel for straight forward, comprehensive collation and analysis of financial news. So I was not at all prepared for my boi PB to casually be slinging weapons grade shade like he was here. I think this is what it looks like when he is genuinely angry or offended with someone, and I love it.

[@mario7501]

Patrick's sense of humour is absolutely brilliant. Love your videos!

[@ShlomoEliyahuBaron]

Incredibly enjoyable video! You have shown your ability to make excellently relevant jokes and provide smiles when sorely needed! Thank you!

[@noahb8099]

Patrick's dry humor is absolute gold. Love it

[@vinnys7514]

Informative, entertaining and concise as always. Big fan Patrick, keep at it!

[@biggiesmalls3691]

Patrick- I just stumbled across your channel and find your intellect, coupled with your acerbic wit to be delightful ! Very much looking forward to binge watching your extensive library of videos.

[@epic-concept]

I've mostly been watching this channel to get some updates on the financial state of the world, and get some news regarding economy I might've missed on my own. I'm not sure if I missed Patrick's sarcasm in other videos, as he usually seems to be just a source of facts. But the level of trolling he's laying down on FTX in this video is just savage. And doing so while keeping a straight face throughout is really something.

[@martinward1234]

Quite possibly the best and funniest breakdowns of this terrible debacle. Keep up the good work!

[@randomone74]

Awesomely educational video. You’ve got the heart of a teacher and great “deadpan” comedic delivery

[@LegallyBlissed]

I am SO happy I found this channel!

[@shane4402]

Keeping it straight and down to Earth real Patrick. Awesome video. Have signed up and I do indeed enjoy The Daily Inside.

[@florianpongruber2704]

Absolutely lovely to watch. The topic itself is rather serious, but the way it is presented with the best what humour can offer, is absolutely lovely to watch. Thank you so much for your thoroughly prepared presentation and content.

[@antoniovillanueva308]

I was a bit down when I started watching these videos. But now, I am thinking that all my problems are with other people. I put pen to paper and I have started a list of names. Also, I have done some more work on the manifesto. I will mention your KZbin channel and credit you with my newfound mental clarity. Thanks

[@slappy8941]

Even after having Patrick explain it all so thoroughly, I feel like I know less now than I did before, but only because I better understand the scope and scale of the problem. I can however say that I know significantly more about sultry wood nymphs than before, and I never realized they had such close ties with the murky world of crypto-finance.

[@MikeLyons2011]

Wood Nymphs are crypto-bro thirst traps apparently.

[@daleslover2771]

😊

[@davidlewis2122]

An action is earning money. Money management is a behaviour. Increasing wealth is learning. This is the principle.

[@jaydenkennedy2457]

With inflation running at a four-decade high, a recession is now the most likely outcome of the economy. How can i grow my portfolio to outpace inflation and maintain a successful long-term strategy. I have been reading of investors making about $250k in the current crashing market, i need ideas on how to achieve similar profits vc

[@a.k5675]

The market is volatile at this time , hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the share/ETF you focus on.

[@fernandorico595]

Who is this individual guiding you!? I lost $9k just last week, so im dire need of a financial planner

[@josephineshina8196]

Credits to expert Margaret, you can reach out to him if you want

[@robertmesic8181]

How do i reach out to him?

[@CosmicRevolution459]

This video is so on point and great. Would watch again and again!

[@markconway2677]

Very entertaining delivery. When hearing about everything that happened with FTX, and all the people that should have known better, one could easily come to the conclusion that the thing in shortest supply in the world today are actual mature, rational adults.

[@wesselsgreyling8314]

Patrick your last two updates were the best of all of them. Thank you for all your hard work and the passion!!

[@wtf_usa5597]

Thank you Patrick! This may be one of your best pieces yet!! 👏👏👏👏

[@geistlos333]

This channel gets better and better with every video.

[@ri3m4nn]

You're dry humor is absolutely outstanding

[@n00dle_king]

You’re right that these problems aren’t about crypto they are about systems without checks and balances, but the primary use case of crypto is to skirt checks and balances so it’s hard to imagine things turning out any other way.

[@goatface6602]

The primary use of cryptocurrencies is to keep government out of the money business. Government ALWAYS destroys its own currency and most people get crushed along with it.

[@skyak4493]

He just said the opposite! Crypto is the root of the problem! Crypto is a ponzi scheme -zero net sum, supper high fees, zero protection from counterparty risk!

[@gianlucasamaritani8362]

@@goatface6602 De-centralization of monetary power is the primary goal of crypto, but it has been clear for some time now that the crypto ecosystem has been becoming ever more centralized. One of the few differences from normal financial institutions is that crypto companies are much less regulated, even when providing similar services to their traditional counterparts. If "traditional" money is bad, unregulated and speculative kid-run digital money must be a nightmare, and as we saw in the last years, it actually is.

[@ironmantooltime]

@@goatface6602 devaluation slow over 100s of years is not destroying 100% of value overnight.

[@samuelglover7685]

@@goatface6602 You won't realize it (of course), but you just did a fabulous job of supporting Adam Brown's point.

[@christianduval9067]

I was waiting for your video about FTX.....I will say is one of your best.....amazing sens of dark humour... Thank's Patrick...it was priceless.......

[@TyroneMarcell]

You have got to post a blooper reel one of these days. There's no way you get through all this without laughing! 😂😂😂

[@PerErikKarlsson]

Come for the in depth, well researched, finance reporting. Stay for the snark, the glorious glorious snark!

[@mmayorga79]

I’ve been waiting for your video about the FTX affair all week long. As usual, it was superb. Thank you Patrick

[@ozymandias4988]

Bankman-Fried was born in 1992 on the campus of Stanford University into a family of academics. Born and raised to an upper-middle-class Jewish family in California, he is the son of Barbara Fried and Joseph Bankman, both professors at Stanford Law School.

[@reinhardtsanchez7952]

ciwtasr

[@shinyshinythings]

Easily the clearest (and funniest) explanation of the FTX mess I’ve seen. The one bit Patrick left out (and I’m a newbie to your channel Patrick so forgive me if it sounds like a critique, because it is definitely not - you are my favorite sit-down comic right now) is that the reason investors didn’t do their due diligence on FTX was that (allegedly) every time a potential investor asked to see the books or scrutinize what was going on behind the scenes, SBF would just blow up at them and threaten to “move on to the next investor, there are plenty waiting in line” or words to that effect. And instead of seeing that as a red flag, they allowed themselves to be intimidated and taken over by FOMO. It seems that it was only when he was desperate for a cash infusion that SBF allowed an outsider, CZ, to look behind the curtain. That CZ turned around and torpedoed FTX must have been an incredible shock to the system for someone who had been allowed to get away with BSing his way through everything his entire life. May a similar shock come to all such spoiled bullies, and may it be soon.