So does private equity own everything?

If you like hard-hitting, long-winded, comedic investigations into incredibly boring financial topics led by the baby-faced assassin of the newsroom Dan Toomey, boy are you gonna love this video.
Thanks to the following folks for their generous help with this investigation: Gretchen Morgenson, Senior financial reporter, NBC News Investigations; Jeff Hooke, Senior finance lecturer at Johns Hopkins and former broad-based finance and investment executive; Will Flanary, ophthalmologist and comedian better known as Dr. Glaucomflecken; and Paul Kiernan, Wall Street Journal reporter covering finance and regulation.
Follow Gretchen: / gmorgenson
Follow Jeff: / jeffhooke
Follow Dr. Glaucomflecken: / @dglaucomflecken
Follow Paul: / pkwsj
Blackstone, KKR, Apollo Global Management, The Carlyle Group, and TPG either declined or didn’t respond to our request for an interview. The American Investment Council, a leading lobbying and research organization for the private equity industry, also declined to participate.
Video by Dan Toomey and Henry Stockwell
FOLLOW GOOD WORK ON IG: / goodworkmb
ON TIKTOK: / goodworkmb
ON TWITTER: / goodworkmb
SIGN UP FOR MORNING BREW: www.morningbrew.com/daily/sub...
FOLLOW DAN ON IG: / dhtoomey
What does private equity actually do?
00:00-01:18: Intro
01:18-03:05: Defining private equity
03:05-05:04: Private equity's huge footprint
05:04-06:23: How buyouts work
06:23-10:27: What happens to the bought out
10:27-13:14: How did PE get so big?
13:14-14:34: PE executives are rich af
14:34-16:33: But what about the returns?
16:33-17:57: Breaking news
17:57-19:21: Existential crisis
19:21-19:59: Stuffing their privates

[@josem1419]

why the fuck am I learning about economics while stoned, thank you Dan

[@pulmonary_yoghurt]

lmao same

[@iJesters]

It's 10 in the morning brotha

[@andresjordan2175]

Thought there was no better way to enjoy this masterpiece. I was wrong.

[@herpderp297]

@@iJesters And?

[@BenjiBlabs]

Happy Friday 🎉

[@GoodWorkMB]

Some of you may have noticed we spelled Will Flanary's name wrong. Some of you may also notice that he has more subscribers than us. So many of you will notice we won't do anything.

[@davidallen8611]

😂😂😂😂

[@coreysimmerer]

You also misspelled ophthalmologist 😅

[@ShawnFX]

this has to be one of the best channels on KZbin😂, dont ever change Dan and GoodWork_

[@handlemonium]

And lately you've been stuffing 43% of your privates with a whole lot of equity.

[@maxstinkyfoot7366]

So based

[@Met_Ethio]

The guy awkwardly peeking near the Blackstone sign adds that much more hilarity to an already incredible video. Dan you're killing it.

[@Name-ot3xw]

So, did our host read the full list at each location or did our sheepish friend watch our host awkwardly read out random disjointed names from the buildings nearby. E: Nevermind, the B reel footage at the end holds the answer.

[@amirakassem-yq7lq]

The “Will Flannery: ophthalmologist, comedian. Dan Toomey: struggling journalist, struggling comedian.” got me 😂😂😂

[@YoBeandon]

I lost it at “thinks all funs should be mutual”

[@JanusIIV]

What a great channel. The reseach, the aesthetic, the delivery, the live-on-the-street vibe with people's reactions, some of the small fly-by jokes like the spin, genuinely fantastic.

[@josem1419]

I almost peed myself when he started spinning out of nowhere

[@WhatSmellsLikeToast]

For real, it's like The Daily Show's correspondent segments back in the day when it was still a great show

[@robertmusil1107]

"The research". Shows some uneducated journalist with her pretentious "elites are bad" book displayed on a shelf so everyone can see it. It's pathetic tbh. This is journalism not research.

[@velocirshtr3756]

Dan is the new Colbert

[@gelbbauch]

Lately, these guys, have been stuffing their privates with a whole lot of equity.

[@jimmyjimmy5574]

Watching this series slowly get more and more serious is brilliant.

[@GoodWorkMB]

we promise to get more stupid from here on out

[@neanda]

💯💯💯

[@neanda]

@@GoodWorkMB make fun of the nonsense, yeah, but you got to let us know the nonsense first, thanks

[@gabrielbruhnr]

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes,

[@valeriejeanmathis874]

Yeah, Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@continin]

Blackstone does own things you’d never expect. They purchased Center for Autism and Related Disorders, or CARD, which is the worlds largest autism clinic. After purchasing the company in 2018 they bloated the company, trying to get as many centers/clinics, and profits, as possible. But after covid happened and both staff and clients dried up, they had to close over 100 centers, pulling out of 10 states completely. They went bankrupt this year, and the company was bought back by the founder. (This isn’t exactly a great thing, the founder sold it for a few hundred million, and bought it back for 48.5 million. Also the founder Dr. Doreen Granpeesheh has appeared on the antivax “documentary” Vaxxed which pushes the vaccines cause autism conspiracy, and she has also lead anti union efforts in CARD.) I realize this is a tiny part of the Blackstone story, but id love if this story could have any news coverage.

[@kerwinbrown4180]

Last I heard the causes of autism rising is unknown. I doubt we ever will known as there is a lot of obvious propaganda on both sides. Remember the proverb money talks and garbage walks.

[@grt2779]

fascinating

[@delusionalmystic8533]

I just realized watching this video today, my company is owned by Blackstone

[@ggsupreme4063]

Isn't she a doctor? Don't people believe all doctors?

[@wispcookie]

All I'm saying is invest in Guillotine producers.

[@GoodWorkMB]

We have now fully investigated private equity. If some international authority doesn't kidnap us now, what should we cover next?

[@romanleo8931]

Military contractors

[@Itsalmosthometime]

Interpol to see who investigates more throughly? 😂😂😂

[@markm6844]

WFH productivity statistics

[@warlordop713]

Lawyers 😂 seriously what do they do for a living. My father and mother are both lawyers making $200,000+ per year and I have no idea what they even do.

[@denissonperez]

Trade Unions!

[@RuRichelieu]

I did consulting for PE and I can tell you these firms do close to zero technology due diligence when making an investment. They are oftentimes making large investments in tech and have no technical people on staff. After seeing how the sausage is made it’s terrifying how much money they have and how so much of it is pension funds.

[@yeetboi268]

PE is like a grocery store, they stock everything but their big winners are usually from a few products.

[@JH-jy1ye]

I work in PE (head of acquisitions) and this doesn't describe us. We're annoyingly cautious - haven't bought anything in the last 12 months after having done DD on 200 deals. Saying these firms do close to zero due diligence is like saying that all Americans are bad people.

[@ShawnFX]

@@JH-jy1ye I was gonna say, PE don't do a lot of investments like how Hedge Funds do as PE is known for taking their time on making deals. I hope to get a job in PE one day! One question, if I start out as a Financial Analyst, could I make my way into investment banking and then PE in the future? I know PE loves hiring people with investment banking experience.

[@jacobp8294]

​@@JH-jy1yeyou financial fucks destroyed the world in 2008 and are in track to do it again. Every firm looks to break the system so they can drain the money from it like a vampire. I wish our government wasn't bought out by you leeches and would work for the people.

[@RuRichelieu]

@@JH-jy1yeI can promise you most firms do not understand the tech they invest in. The DD you refer to is all around ops and finance, not tech. I worked with a lot of very prominent firms and they didn’t know anything about the underlying technology or capabilities of the tech they invest in and had no way to validate technology claims. That’s why we were brought in. The last firm I was with (very successful firm) had just made 2 large investments and when we looked at the tech it was essentially vaporware. Not to mention all the crypto stuff these firms dove into head first. Your mistake is conflating crunching numbers in excel and risk assessment into actually understanding the viability of the business based on their tech. It’s a huge blind spot for firms, and their portfolio has a lot of duds as a result that could’ve been avoided.

[@colegustafson1635]

This is one of the most beautifully done KZbin videos I've ever watched. Well done 43.5% KKR

[@techcafe0]

'private equity' in the housing sector has been catastrophic for renters. rentierism is parasitism.

[@brandon0_091]

The only journalist I trust

[@GoodWorkMB]

take that, journalism

[@taelfayre6632]

this and channel 5

[@LuisSierra42]

Didn't you hear? he's owned by a PE firm

[@rohanthompson3275]

@@taelfayre6632you ain’t hear the news?

[@blessmeaachoo8348]

@@GoodWorkMBkkr is proud of you 😂

[@evathegrand]

I love that I could show my dad this video and he would think it’s a serious financial news channel.

[@GoodWorkMB]

that's because we are

[@rightwingsafetysquad9872]

Until the blooper reel.

[@surewhatever8843]

You think it’s not?

[@Liriq]

It absolutely is a serious channel. It is doing journalism, exposing the BS and corruption in business and finance.

[@mackenziediaz8780]

It just has modern class and enough jokes to entertain the ADHD

[@alanthefisher]

Absolutely insanely packed with info. Fantastic video guys

[@GoodWorkMB]

ty king

[@Rnankn]

We need to end the separation of ownership and control. If you want a business, run it yourself. If you want a house, live in it. Simple.

[@dkizzle3135]

I love how you delivered the Abe Lincoln joke as if you were bombing at a standup routine

[@calebmoss2081]

I learned more about finance from this video than i did from my finance degree.

[@ShawnFX]

As someone who graduated with a finance and accounting degree, you are 100% correct

[@robertmusil1107]

Happens when you go to McDonalds University.

[@Twister-V1]

No shot... this is literally 100 level shit you had to have not been reading your textbook. You fucking learn about companies like blackstone and private equity in business accounting 100 which is usually required for most business degrees.

[@archipiratta]

Uni degrees aren't really designed to make you a thinker, just a worker

[@nicostigliano6393]

How?

[@tombojumbo]

this video is a million times better than the one about consultants. it's great to hear well informed critical viewpoints. in the other one you sort of ignored the fact that what they actually do is evil and destructive in many cases.

[@girlafraid4045]

i always wondered why there was not more of an uproar from all the "private" business's during lock down. they just took a year of two off while their small business competitors were decimated and/or gobbled up. got it now!

[@shellyshellshells]

I have gained free knowledge AND had a good laugh while doing it… college is a scam

[@longestvideoever]

I dont like degree inflation but i wouldnt say college is a scam for everyone, i do think the idea that everyone must go to college is well not a scam exactly but a pretty shitty idea.

[@brett84c]

"it's kind of capitalism on steroids" "that was my nickname in college" Lmfao! This channel needs to blow up. This is the best way to get news stories.

[@spoonkies]

14:34 - I think the big thing to mention is that private equity funds can have misleading returns because their investments are illiquid and don’t have a ready market for them to assess fair value. If you have stocks, you can easily say year to year that you’re up or down xx%. It’s not possible to do this accurately for companies that you hold for 5 years (hence why PE firms express their returns in IRR which can be misleading to compare to annualized returns of a public index)

[@alexhutchinson4138]

I just found this channel today and it’s all so good. Keep it up!

[@lizp4615]

private equity is the reason i haven't gotten a merit increase nor cost of living adjustment at my job despite single handedly saving the company $350k USD per year after some optimization work I did.

[@avalokiteshvara113]

You're expecting to be rewarded for your work in a capitalist society?

[@spigbungus]

Sounds like you should just leave the company at that point

[@robertn.4329]

Autoliv gave my coworkers a 2% raise for saving them 2.5 million dollars each year. The inflation that year was 7%....I would swap companies cause it is the only way to get a raise these days.

[@machinmon.]

Chump

[@terrablaze3387]

@@avalokiteshvara113Let’s not kick the horse while he’s down.

[@PokhrajRoy.]

5:00 “Four score both ways” had me WHEEZING! I’m using that 😂

[@MK-gm2mq]

Oh hey there we meet again

[@PokhrajRoy.]

@@MK-gm2mq Hello again!

[@popps33]

this channel is sooo brilliant! Love the balance of facts, commentary & humor!

[@scoobydont]

My favourite thing about these videos is the captions under Dan's name during the interviews, always top tier 👏

[@JamieGAdaire]

I love how you’re able to take something serious, give information, while also being funny af

[@montez.youtube]

Almost getting in news territory with this one

[@LundyCynical]

To say I laughed watching this... my first finance job was a research analyst for a boutique capital raising firm. Our clients covered two main areas, Private Credit, and Private Equity. What were my first three projects into PE based on? Local Government Pension Schemes (Later I would also do DB pension funds), Charities & Endowments, and Family Offices (SFOs, MFOs, WMs). The amount of money that flows around in PE is insane. We were often raising for funds in the hundreds of millions of $... there were less than 10 of us in the office. Some of those funds were seeing 20%+ returns year on year. If you make even 5% as commission for fund raising as a team (average success fee), you're set for life, and raising those funds are not tricky at all. On a different note, would be great to see a video on my other love, Private Credit / Debt. Some really interesting aspects to it as it stands post 2009 in the US, and some interesting new players around NYC. Defo seeing a massive increase in investment there as well with current interest rates (see that as you will).

[@GoodWorkMB]

too long - can someone summarize this comment

[@Kurmo2]

@@GoodWorkMB "I made a shitload of money, it was lit."

[@alectrem]

@@GoodWorkMB this guy is stuffing his privates with a whole lot of equity

[@LundyCynical]

TL;DR: PE money printer go Brrrrr, make a video on Private Credit.@@GoodWorkMB

[@taichengjin2366]

Fundraising makes good $. Private Credit is cool now. Plz make video on how it will "disrupt" public credit.@@GoodWorkMB

[@Bleek17Six]

@16:09 😭😭😭 This channel is golden ! We must support this kind of journalism & protect this guy. Edit : Let me put some respect on his name, Dan Toomey ! We must protect him.

[@failedrevolutionary9497]

When I was in high school I stumbled upon this industry almost by accident when I wrote a paper about how Private Equity is currently strangling local journalism out of existence. If you're wondering why the local paper that used to have a wide circulation in your area is now just five people running an instagram account, the answer is Condé Nast

[@supransh2055]

Gotta say, I love the detective trenchcoat aesthetic

[@liamtahaney713]

When i was getting my masters in finance i was interested in PE. Then i didn't get a call back from any of the investment banks i applied to so i decided it was terribly unethical

[@aperture0]

Did you've any internships?

[@tarbyte7112]

You are the greatest educational resource for my transition from uni into the professional world

[@JK-iq4hr]

Good work! We need more reports like this.

[@Cosmstack]

It's pretty fucked up how PE buys a company to profit, but the company that got bought can now be in massive debt because of that

[@timjrgebn]

Think of it this way. It's harder to convince people they are in a lifelong servitude if it's their companies who are instead... It's literally just an extra layer of abstraction to the exact same thing.

[@benjamin7114]

Then they have to offer lower quality or higher prices, then the customer has to cut spending or make more .... then the brick wall - low wages, no jobs. All ends with the majority getting stuffed.

[@pnwgt3]

You guys are so damn good at what you do. Funny as hell, educational, and lately stuffing their privates with a whole lotta equity

[@dfolz1101]

Genuinely mad it took THIS long for this guy to end up on my feed. Great work dude.

[@cullengrannes728]

Thank you for giving me a good chuckle while I give up on society!

[@alexeyohilkov]

That's the direction we all wanted this channel going to!

[@swimmingfry7012]

Did not expect the Dr Glauc cameo. Love both of you guys! Also for those interested he has a series going on right now on insurance in healthcare that is really funny and depressing.

[@decreasing_entropy3003]

The final confession sums it all up. You can hate it all you like, but you're mired knee-deep in it, and you can't escape!

[@RohitReddyPellakuru]

Thank you for your hard work and educate us… Thank you

[@lordapplesauce3596]

Dr Glock was an unexpected cameo

[@ConnorGriffith1]

20 minutes long. Holy moly, time to grab my Blackstone-owned popcorn.

[@Mo-pq6tt]

This channel is really self explanatory. Good work productions

[@mikeielOFFICAL]

putting that journalisum major to use fr love the work man

[@Lachronix]

The editing for this is great! I need a private equity firm to fund my education, and my ebay power ranger megazord buying habits. The man watching you from the sign is, himself, the man who MADE private equity.

[@marietailor3100]

No you dont! Lol. They’re just screw you over and make you go bankrupt. No, what you need is to RUN a private equity firm. And then… throw a little cash over this way. Just a cool mill or so. I’m not greedy.

[@kylehagie1647]

Well, that was depressing. More please!

[@user-jx5gw7uc5p]

as always, good work!. Absolutely insanely packed with info. Fantastic video guys.

[@cykr0s]

All right, I appreciate this blend of information and comedy and a portrayal of journalists that doesn't seem like it's really been accurate since 1992. You get my subscribe.

[@The-Commentator]

You know it's a banger when a trench coat-wearing journalist investigates shady financial practices. P.S. It was a bummer, Dan, when I heard your breakup with Em Rata.

[@denissonperez]

You should do comercial law firms that provide "'corporate service'". Firms like Mossack Fonseca from Panama's Papers

[@panama_juan]

Ahh yes, the people that will take your money and hide it for you no matter how dirty it is lol (drug cartels, corrupt politicians, and terrorist organizations). I know all too well about Mossack Fonseca because I lived in Panama for 12 years. Only a year after I moved back to the US, the Panama Papers story broke.

[@ThiagoRamos]

This is capitalism in a nutshell.

[@kazuya_xd7694]

Crony capitalism*

[@noormuzahid9008]

This channel is awesome! Keep up the good work guys! Gonna look forward to every videos y’all upload

[@sensejimpreza]

That guy by the Blackstone sign staring you down should be a reoccurring subject in these videos

[@zigmundspeller]

This is very well put together. I'm impressed by your humor. Moreover, you & your team have inserted meaningful props and transitions. My 2 faves were you walking up from the subway (emphasizing how you're like everyone else) and the silly kitty poster that says "hang in there." Your guest was clearly very passionate about the nefariousness of PE and that kitty was obviously a victim of the crumbling capitalist 'unfrastructure.' Bravo.

[@DerrickMansard]

It is always good to have a financial plan. I work with a fixed income planner and portfolio manager in the USA. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity but will provide income.

[@MolemoLetlailana]

true good work. im surprised, saving this and watching another video

[@TihetrisWeathersby]

I blame private equity for sucking the life out of so many companies for greed

[@LuisSierra42]

The power of capitalism

[@dinglesworld]

@@LuisSierra42All just so they can make jobs for us 😇😇😇 #humble

[@jfat4]

"Its strange for something so big and controversial to be so back of mind for Americans. Its like mass shootings..." Holy moly that is a hard line that made me both laugh and sad at the same time.

[@jestaboss]

Just stumbled upon this channel.... S- class material right here. Subscribed

[@MunchinOnDew]

Got recommended this channel randomly for some reason. Holy shit what a find. Apparently this guy did mostly just comedic bits and recently transitioned into actual journalism - what a great decision. Keep up the... GOOD WORK HUHUHUHUH

[@joaorodrigues4494]

Wow! Dan you are starting to interview really really high profile people! My god you are good at good work! Good Work!

[@truckakhan]

Roses are red, Violets are blue, Thank you to Dan, The 43.54% private equity man and Morning Brew crew.

[@s1ightlypanda]

So happy hasanabi played your vid on stream. Had no idea about your channel. You're my new favorite channel. Keep up the amazing work.

[@finny_]

I understood more about the power of equity thanks to my fiduciary after I was awarded $148 k in tax returns last year 😅 I was soo excited I bought a new Mazda lol, looking to file for this year also

[@Shahsa001]

Hi, how were you able to file for your tax returns, can you connect me with your fiduciary

[@Lilyoregon]

Ooh that's right, my mum had about $50 k in tax returns so I was able to pay part of my student loan

[@finny_]

Arltoeric thats his gmal

[@Shahsa001]

That's great, thanks I have mailed him

[@Thyago2420]

Equity helps a lot trust me

[@yolobuttrill]

Great investigative journalism! Keep it up!

[@casey45334]

Dan is genuinely one of the funniest guys I've ever seen. Thanks for the laughs and the learnings. Keep up the Good Work.

[@ElaineSirkus-ki5fk]

You guys sure did a deep dive on this. Excellent job. Keep up the @goodwork

[@brandenleeyang22]

the management fee is the important part. Most private equity firms make around 5-20%, especially in the billions, that's only 1-2% of total fund money.

[@MarkHatlestad]

Fantastic video as always! Easily my favorite comedic news channel with a host wearing a trenchcoat.

[@ItsEsteban17]

Dan, thank you for your content. It’s top notch

[@mohamedramy1273]

I looooooooove your work. Such good work.

[@Sahil_Shukla98]

I did not expect such quality journalism from Good work.

[@GWConspiracy]

Probably my favorite work from y'all so far! Keep it up

[@tuams]

Such a good channel! Always excited by your video!

[@Adam-Shanko]

Instant sub, thank you for reporting on this. It NEEDS to stop, made my life impossible recently and trying to recover. You’re a beast bro 🤙🙏

[@zahinfayeajishaan6689]

would you like to share your experience?

[@Adam-Shanko]

@@zahinfayeajishaan6689 Thank you for asking I would at the bar. Maybe another day I’ll type up a little

[@tessiepinkman]

This is simply perfect. I really hope this will reach people who otherwise may not have had a clue about the implications of private equity. I think it's something to be feared, and it's insane that it's taken *this* long for the SEC to do anything about it - without them really doing shit anyway, because it's all too little *far* too late.

[@ScArry_]

I absolutely love these guys. Content is always hilarious and serves as a a great gateway into doing more research on these interesting topics. I also ran into Dan and Henry near Union square and can vouch that they’re very cool people

[@mineniadityachowdhary524]

I mean I found this channel somehow on my recommendations and ever since I'm like hooked on like it is so funny and humorous and at the same time very serious and informative I love it😂❤

[@sebastianbardon391]

Amazing comedy and journalism. This is my second favorite channel behind RM Brown.

[@jacobfroese3485]

This video is unbelievable… but also gives me like absolutely no hope for humanity.

[@connorpowers6597]

that was my takeaway as well. its worse than I thought

[@nickthompson1812]

And we really pretend that voting will change anything substantial when systems like this exist. If voting changed anything, they’d make it illegal

[@chiefmonrovia6691]

I mean this in the best way possible, your reporting style is everything Chris Chappell from China uncensored could dream of. Very funny and informative, the epitome of "don't hate the media, become the media"

[@Truth4Lyf]

Just came across this channel. Youre funny mate and just a good vibe to be around 💯💯👏. Keep entertaining and eductating simultaneously 💯💯

[@pyramidsong]

Your videos are so dense with jokes I have to pause so many times to catch them all, and it’s worth it every time. You are a legend

[@TihetrisWeathersby]

I'm glad we are on this topic. They are basically monopolies, but they way they are structured, they only need to buy a controlling share, not the whole thing

[@Blashmack]

But the entire point of private equity is to eventually exit and sell their investments, they are not aiming to own firms forever and build monopolies

[@skiwiwns802]

​@@Blashmackyeah but who are they selling to eventually? Conglomerates

[@alterrush5930]

Two of my favourite creators on KZbin- Dr. Glaucomflecken and Dan Toomey!

[@elcaciquedev]

The easygoing, entertaining, and informative quality of this video is impressive. I love the insight that we can get from these "mysterious" corporate entities that are casually explained to the audience. Keep it going @team goodwork!

[@MiguelMcmanoos]

What an astounding piece of investigative journalism. This team is able to present such a gargantuan level of relevant, and in my opinion largely objective, information in a manner that is so accessible to both its intended and wider audience - truly a commendable feat. It has been nothing short of a pleasure to watch this team prosper. We as the public have been taught to forget that the economy should serve the betterment of all, what use is improving gross GDP if our standards of living continue to fall? The price of liberty is eternal vigilance, and the powers that be continue to hone their ability to obfuscate their influence, we should all be wary. Thank you for shedding so much light on such a shaded yet encompassing element of our lives. Bravo!

[@hardpourcorn8189]

Ah yes, so the smooth transition @ 5:05 was merely to prevent us from seeing that man stuff his privates with a whole lot of equity. Well done Dan and team for your cutting edge investigative reporting even in the face of horror.

[@user-ny5xe2hx7t]

The year 2024 is a year for each and everyone of us to make a fresh start, by making passive investments for a more stable and doubled income

[@LeonorFerreira-ur5th]

The previous year was difficult and never worked in my favor, I’m thinking about starting up on stock market investment

[@KadreYilmaz]

I started paying more attention to stock and learning more about online trades few days ago, thanks for the advice, I wish everyone will take this seriously!!

[@AnaOliveira-io1hx]

The economy is favorable to those who where able to get themselves into one investment or another, most people see investment as something big they can’t participate in because they’re too scared to venture into one.

[@LexiPatel]

It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy

[@RudolfKowalczyk]

The philosophy of the rich and the poor is this " the rich invest their money and spend what is left, the poor spend their money and invest what is left" Poor people think about what they can buy with their money, rich people think about what they can invest in with their money.

[@theordinarychannel9334]

"Do we even know the type of capitalism we already have ?"

[@charmsz566]

Damn! never expected a Glaucomflecken collab like this, love to see it !!

[@bigjippa]

Hi Daniel. You're a very handsome gentleman. Thank you for putting your dashingly good looks on the line to produce this hard-hitting journalism.

[@gkoknok6076]

dude, you are awesome, say this as a political scientist now a CPA auditor. doing gods work.

[@kaemincha]

Every video terrifies me, and yet also makes me giggle like a little kid. Big up, Good Work.

[@HaydenCohen]

I live in Yorkshire UK and Warren Buffett owns our electric supply. Genuinely thought it was state owned, but no. Buffett.

[@sebastianbardon391]

Do they provide a good and cheap service?

[@timjrgebn]

Literally like the landowners of Middle Age Europe, haha. Like people are in big denial at this point if it isn't already obvious.

[@ericthrasher67]

Good work, good work.