The Institutional Investors Who Lost With FTX

  Рет қаралды 756,651

Patrick Boyle

Patrick Boyle

Күн бұрын

Пікірлер: 3 700
@PBoyle
@PBoyle 2 жыл бұрын
Click this link to start your 7-day free trial of Blinkist and get 25% off a premium membership. blinkist.com/patrickboyle
@GahMehGrrrr
@GahMehGrrrr 2 жыл бұрын
brilliant. thanks
@ahmataevo
@ahmataevo 2 жыл бұрын
I know you aren't trying to be a comedy channel. I'm just blown away at the large assortment of obviously ludicrous red flags so many institutional investors and high street firms missed or ignored.
@aidanabregov1412
@aidanabregov1412 2 жыл бұрын
I know you’re an educational/news channel. I don’t think people are being truthful about your video being a comedy. It could be done as a form of damage control for FTX and SBF where people would discuss your video
@DominicGreene72
@DominicGreene72 2 жыл бұрын
here's the real question, where can i get that stonks figurine in the lower right hand corner?
@petersuvara
@petersuvara 2 жыл бұрын
Let's buy some bananas and share them with the Monkeys. Sequoia are a bunch of either Bananas or Monkeys. Great work Patrick! Getting better all the time. 😅
@cartershanklin
@cartershanklin 2 жыл бұрын
I spoke to an insider at Sequoia and one of the ways they are tightening internal controls is to require all future portfolio companies to be headed by at least one executive with Diamond or higher rank in League of Legends.
@ian_b
@ian_b 2 жыл бұрын
Thank God somebody has the balls to introduce the regulation we need.
@mikesoro5052
@mikesoro5052 2 жыл бұрын
Possibly a new division as well, dedicated to analyzing the clothes the founder wears and the cars he drives.
@CristianHernandez-312
@CristianHernandez-312 2 жыл бұрын
Diamond hands, diamond hands...
@lilsabin
@lilsabin 2 жыл бұрын
😂😂😂😂😂
@ian_b
@ian_b 2 жыл бұрын
@@mikesoro5052 People underestimate the significance of the length of the founder's shorts.
@jaysee2141
@jaysee2141 2 жыл бұрын
Patrick: "I'm not funny, this stuff is not funny" Also Patrick: "It wasn't just sophisticated who put their money in either, Kevin O'Leary invested too." Wonderful
@RandomGuyOnYoutube601
@RandomGuyOnYoutube601 2 жыл бұрын
It's not funny, it's true. Kevin O'Leary is not even sophisticated enough to put on pants.
@queenophiuca4999
@queenophiuca4999 2 жыл бұрын
Fuck you. That was better than it had any right to be.
@harryfuller3881
@harryfuller3881 2 жыл бұрын
In defining the market cap "It's not just people either, monkeys like bananas" I might have to get a t-shirt with that one. I started watching this channel to escape sensationalism, but humor is appropriate here because FTX is itself a joke.
@djsmithe
@djsmithe 2 жыл бұрын
If it wasn't for the "smart" executives at Mattel, we wouldn't have to put up with Kevin. The executives at Mattel would have invested in FTX too.
@luiul1
@luiul1 2 жыл бұрын
..... and no "pass the banana" references. got it.
@JA-pn4ji
@JA-pn4ji Жыл бұрын
Sam believed, "...everyone in the financial world were idiots." Well, he was right and ultimately proven on that score.
@helloicanseeu2
@helloicanseeu2 Жыл бұрын
they'll never get back all the money they gave to sam out of greed , that's why he is right that they are idiots
@factorfitness3713
@factorfitness3713 Жыл бұрын
Not everyone. Warren Buffett was still based.
@bmichael8187
@bmichael8187 Жыл бұрын
Meanwhile SBF is imprisoned now and for most of his adult life and the financial "idiots" brushed themselves off, moved on, and still enjoying their privileged lives.
@Magic_beans_
@Magic_beans_ 9 ай бұрын
@@factorfitness3713Buffett has repeatedly said he doesn’t invest in companies he doesn’t understand. That’s one thing that annoys me about the crypto community, they’ll mock people for not investing because they don’t understand the tech, but _that’s the correct response._ Sure, learn more if you’re on the fence, but there’s plenty of time for that. If someone had invested in Microsoft in 2015, _twenty years_ after Windows became a household name, they’d be up 500% or more.
@AlbatrossCommando
@AlbatrossCommando 4 ай бұрын
Thing is he was also in the financial world...
@RDuder
@RDuder 2 жыл бұрын
“It wasn’t just sophisticated investors who put their money in either, Kevin o Leary invested too” 😂
@BUSI_88
@BUSI_88 2 жыл бұрын
I don't know how Kevin o Leary still has money left with his recent investment picks, it wasn't no more then 9 months ago he was on CNBC stating his bullish case for Facebook after it took its major drop from bad earnings and he said he was buying up the dip and since then Facebook has steadily declined.
@whattowatchrightnow
@whattowatchrightnow 2 жыл бұрын
how did jim cramer miss out on the tulips?
@jonathanbaxter5821
@jonathanbaxter5821 2 жыл бұрын
@@BUSI_88 I bet he has 95% in an index fund and just throws his weight around with the rest
@iseeyou1312
@iseeyou1312 2 жыл бұрын
That cracked me up, I knew there was going to be a top comment quoting that lol!
@Ronniezim
@Ronniezim 2 жыл бұрын
So good 😂😂😂😂
@christianpechhold2616
@christianpechhold2616 2 жыл бұрын
It's been a rough week at work but this made me burst out in seriousness. This was the most serious entertainment I had in a while, just gold. If Patrick started an FTX-like scam, I might go broke.
@Poppa_Capinyoaz
@Poppa_Capinyoaz 2 жыл бұрын
He used to be a hedgefund manager, so if you had enough, you probably could've lost plenty with him back in the day.
@Sarah_C68
@Sarah_C68 2 жыл бұрын
@@buildmotosykletist1987 lol
@ShorlanTanzo
@ShorlanTanzo 2 жыл бұрын
If only Patrick could get his League of Legends ranking up, then we could actually take anything he says seriously.
@cc-dtv
@cc-dtv 2 жыл бұрын
seriously
@TheUmbrex
@TheUmbrex 2 жыл бұрын
the dryness and peak delivery is unmatched
@Thepersianpopinjay
@Thepersianpopinjay 2 жыл бұрын
Patrick is truly one of the best presenters on KZbin. Not dumbed down but understandable content, clear presentation, and still injects humor to keep you engaged. Can’t believe I didn’t find this channel sooner
@luciaconn6788
@luciaconn6788 2 жыл бұрын
also his beard is nice
@colemantrebor1610
@colemantrebor1610 Жыл бұрын
It’s not funny
@SaHaRaSquad
@SaHaRaSquad Жыл бұрын
@@colemantrebor1610 ...to you
@NeutralDrow
@NeutralDrow Жыл бұрын
That opening two minutes was like the Financial KZbinr version of the Monthy Python "Biggus Dickus" scene.
@HülyeLó
@HülyeLó Жыл бұрын
@@colemantrebor1610 Deadpan humor is not for everyone. I, for one, am here for it
@Learz0
@Learz0 2 жыл бұрын
The fact that some people can't tell if Patrick is being serious or not is somehow the funniest part 😂
@williamhaynes7089
@williamhaynes7089 2 жыл бұрын
Whatever you call it, i like his style
@Gizziiusa
@Gizziiusa 2 жыл бұрын
@@williamhaynes7089 i'd say its a type of dry humor. Seriously humorous....Humorously serious.
@josephdouglas5242
@josephdouglas5242 2 жыл бұрын
He was being serious. Didn't you hear him? No jokes in this video.
@jonahfalcon1970
@jonahfalcon1970 2 жыл бұрын
@@josephdouglas5242 The monkeys buying bananas with bitcoin? Totally serious.
@jacobcastro1885
@jacobcastro1885 2 жыл бұрын
Just found Patrick today. Still sorting it out.
@itscoleonyoutube
@itscoleonyoutube 2 жыл бұрын
"it wasn't just intelligent investors that invested. Kevin o'leary invested also." This guy is THE BEST
@sailorssea
@sailorssea 2 жыл бұрын
I had a start face until he dropped this one. it catch me off guard.
@curtwow
@curtwow 2 жыл бұрын
He said sophisticated not intelligent so not quite so harsh.
@dinosaurdude5668
@dinosaurdude5668 2 жыл бұрын
I caught that joke hidden in the many others. Best comedy channel out there!
@noeldown1952
@noeldown1952 2 жыл бұрын
"They somehow got confused that a co-working space with a beer tap was a technology startup." I'm dead
@TheKeksmuzh
@TheKeksmuzh Жыл бұрын
Just a casual drive by shooting of WeWork in the middle of an SBF video. Brilliant.
@Vooman
@Vooman 2 жыл бұрын
I am absolutely taken aback by the fact that "throw mountains of cash at literally every project that comes your way" is somehow a viable business model for these firms.
@TempestaDominus
@TempestaDominus 2 жыл бұрын
Something something capitalism
@marilynlucas5128
@marilynlucas5128 2 жыл бұрын
Those VC firms come across as stupid but they are not. 🤣 Throwing other people’s money at projects is how they make money. Some VC firms charge their clients up to 10% a year for investing their money. How much is 10% of a billion a year?
@zerphase
@zerphase 2 жыл бұрын
It's how Masayoshi made his money from the Dotcom bubble. Everything was a loser for him other than Alibaba.
@SUPAFUZZED
@SUPAFUZZED 2 жыл бұрын
that's how crypto works during the bullrun
@dereksbooks
@dereksbooks 2 жыл бұрын
Not just VCs, look at Google. How many monumental and nonsensical failures has this company had? The only successes that they have were purchased from independent companies like KZbin and Android.
@Salle79
@Salle79 2 жыл бұрын
Patrick, not only do you explain it simply, you also illustrate how absurd all of this is, and you do it in a entertaining way to boot. keep being awesome!
@BillClinton228
@BillClinton228 2 жыл бұрын
Listening to SBF speak, it's a wonder anyone invested in his business. He's such an unlikable character, he talks for hours using analogies and doesn't say anything of substance and if someone puts a serious question to him he calls them an idiot in a diplomatic way. It's so bad
@maifantasia3650
@maifantasia3650 2 жыл бұрын
And the dedicated avoidance to any humour in his delivery ensures that I am not distracted and remain focused on the topic.
@easemailboxes
@easemailboxes 2 жыл бұрын
Entertaining? Your bananas! This is a serious video!
@itemushmush
@itemushmush 2 жыл бұрын
@@BillClinton228 Hindsight is 20/20
@robbienorton9522
@robbienorton9522 2 жыл бұрын
@@BillClinton228 yeah, he really seems like a character straight out of Mike Judge's show Silicon Valley.
@LuukvanDijk
@LuukvanDijk 2 жыл бұрын
I'm not sure if i should be more personally insulted or take it as a badge of honor that Sequoia and Lightspeed declined to invest in my humble startup.
@SuperEH2393
@SuperEH2393 Жыл бұрын
Yes
@antonnurwald5700
@antonnurwald5700 7 ай бұрын
Learn from your mistakes! Get a messy hairstyle and play videogames at meetings!
@allaboutthecharts
@allaboutthecharts 2 жыл бұрын
“This is a serious video. And if you don’t think so, you just don’t understand how things work in Silicon Valley and that is your fault not mine” Patrick you are a gem!! 😂
@Wulfcry
@Wulfcry 2 жыл бұрын
Gold statement how true 😆
@indahooddererste
@indahooddererste 2 жыл бұрын
you dont invest money you cant waste.
@isaac10231
@isaac10231 2 жыл бұрын
@@Wulfcry what is that first emoji
@rory7784
@rory7784 2 жыл бұрын
I'm fricken rolling on the floor 🤣
@gmw3083
@gmw3083 2 жыл бұрын
Nice subtle jab at Kevin O'leary. "It wasn't just sophisticated investors who put their money in, Kevin O'leary invested as well."
@MarijnvdSterre
@MarijnvdSterre 2 жыл бұрын
There is always a strange amount of financial information in Patrick's comedy skits
@pixelmasque
@pixelmasque 2 жыл бұрын
i`m suspicious he may know something about finance
@adamfattal468
@adamfattal468 2 жыл бұрын
😆
@PhD.NickRiviera
@PhD.NickRiviera 2 жыл бұрын
The comedy writes itself.
@wolfkayakingbahamas
@wolfkayakingbahamas 2 жыл бұрын
@@PhD.NickRiviera EXACTLY!!! LOL
@sksim6154
@sksim6154 Жыл бұрын
Speaking as a Singaporean, I am truly appalled that Temasek seemed not to have done any due diligence on this steaming pile of sh*t ! And Temasek are supposed to be staffed by the keenest and most brilliant financial minds in our country. God help us all.
@drewsarkisian9375
@drewsarkisian9375 Жыл бұрын
Take heart, there's plenty of these "brilliant financial minds" everywhere in the world. Singapore is not alone in its suffering...
@alperakyuz9702
@alperakyuz9702 Жыл бұрын
Eh, if its any condolence the "keenest and most brilliant financial minds" of everyone else didnt fare any better.
@malai-kwainewschannel3302
@malai-kwainewschannel3302 Жыл бұрын
Everybody should move to Sydney and pray to the gods of Anglosphere!! Hahhahahhahaha
@rvkice23
@rvkice23 7 ай бұрын
Regulators always always never not lose to bullshitters turning wank to cash
@Lorendrawn
@Lorendrawn 5 ай бұрын
Imagine you're a low level analyst doing diligence on temasek and your higher up unsubtly tells you to stow it, we're going long no matter what your diligence says.
@ThePlainBagel
@ThePlainBagel 2 жыл бұрын
Patrick's dressed like he's attending a funeral - not sure if its for institutional investors or comedy on his channel. Nonetheless, thank you Patrick for taking this all seriously and explaining things in terms of bananas so we could better understand the situation.👍
@zlosliwa_menda
@zlosliwa_menda 2 жыл бұрын
You really could learn a thing or two from mr. Boyle. Naming your finance-related channel "The Plain Bagel" and having a plain bagel as your profile picture is very unprofessional. Flippant, even. It shows disrespect to the viewers. When I first came across your channel I was very disappointed indeed that it contained no breakfast-related content whatsoever.
@louisliu5638
@louisliu5638 Жыл бұрын
@@zlosliwa_menda could be worse. Dr Grande has a plastic small cactus.
@johnstephen399
@johnstephen399 2 жыл бұрын
"In Silicon Valley, online crypto currency trading and banana procurement are the kind of problems that still need to be solved." Patrick hitting it out of the park yet again.
@papertowelthe6th105
@papertowelthe6th105 2 жыл бұрын
I really loved the first 0:00 - 1:20 being very serious and then Patrick doing the thing we always expect from him xD
@ravanpee1325
@ravanpee1325 Жыл бұрын
Yes, because they smuggle cocain in the banana containers :D
@JohnBaskette
@JohnBaskette 2 жыл бұрын
Your free financial education and reporting is wonderful and much appreciated. I love your dry humor. None of it makes me take you less seriously. Thank you for your good work.
@alexrobertsfcim
@alexrobertsfcim 2 жыл бұрын
In all seriousness, this video was posted within the last two hours and I'm already seeing closed captions in 14 different languages. Is that you Patrick (if so, bravo) or are the subscribers that diverse, loyal, and translating a 17 minute video that quickly?
@PBoyle
@PBoyle 2 жыл бұрын
I try to get subtitles out right away.
@alexrobertsfcim
@alexrobertsfcim 2 жыл бұрын
@@PBoyle Being versed in 14 languages is pretty incredible.
@charlesk22
@charlesk22 2 жыл бұрын
@@PBoyle thank you very much for it
@mikhail113
@mikhail113 2 жыл бұрын
@@PBoyle you know 14 languages? Thank you for your show. Very educational. ☺️
@cnmg7121
@cnmg7121 2 жыл бұрын
Of course he knows 14 languages, he also knows how to make banana cake
@andrewliffey
@andrewliffey 2 жыл бұрын
The finance comedy on this channel is great. love it, always entertaining!
@ssl3546
@ssl3546 Жыл бұрын
FTX is one of those rare events where the bigger the fallout the better for society, because every single person who is negatively affected by it had it coming.
@guillermofuentes151
@guillermofuentes151 2 жыл бұрын
Hey Patrick, visualize this: A super app that auto-generates business cases from an AI fed by past pitches to Softbank from failed business ventures and a dictionary of updated technology buzzwords like 'crypto' and 'blockchain' and then prepares sloppy PowerPoint presentations made to look like they're prepared by college kids. Based on the business case theme, the super app then posts job ads on the most related reddit boards to hire the 'executives' that will then pitch those presentations to VCs. The super app will be funded by a ICO tokens with the promise that the tokens will be bought back at a higher price once the businesses eventually materialize. What could go wrong?
@anthonyjohnston1618
@anthonyjohnston1618 2 жыл бұрын
lol dang that's very clever
@ZRyuKageZ
@ZRyuKageZ 2 жыл бұрын
What could go wrong? You leaking a trillion dollar idea. You were so close to becoming sams neighbour in bahamas
@RushingRussianify
@RushingRussianify 2 жыл бұрын
credit suisse wants in
@whattowatchrightnow
@whattowatchrightnow 2 жыл бұрын
update the mainframes. the use of powerpoints has been discontinued. the new term is "sales documents". this probably applies to excel spreadsheets too.
@Paxtiny
@Paxtiny 2 жыл бұрын
The Germans want in. They are always excited to invest in anything that looks colorful. Preferably with the pension / public funds they manage.
@DensetsuVII
@DensetsuVII 2 жыл бұрын
Patrick we know you're not a comedy channel, but it often feels that way when the whole financial system's gone bananas!
@dagramirez
@dagramirez 2 жыл бұрын
Patrick can be serious and make us laugh for bit
@drphosferrous
@drphosferrous 2 жыл бұрын
If you think banana procurement is funny you haven't seen Guatemala
@raul0ca
@raul0ca 2 жыл бұрын
Rotten bananas give you banana bread but rotten financiers simply lose the bread
@tampabaybuckeye1813
@tampabaybuckeye1813 2 жыл бұрын
G'dmn lucky that it wasn't plantains! It could've been worse. Quit G'dmn laughing already!
@NeotenicApe
@NeotenicApe 2 жыл бұрын
I think it’s always been a joke, we just now have the means to find out
@christopherruff4938
@christopherruff4938 2 жыл бұрын
Patrick, I have just started listening to your videos literally 3 days ago. I respect your content and intent and treat them seriously. What I like about your videos is that your method of delivery and dry wit ensures the key messages are taken on board in a way that for me guarantees retention. Well done Sir.
@ChillinwithChez
@ChillinwithChez 2 жыл бұрын
I’m not sure how anyone who got involved with FTX can seriously say they did any form of due diligence. Sequoia team were impressed SBF spent their entire pitch meeting playing videogames 😂 sounded like an episode of The Office
@xrunner55
@xrunner55 2 жыл бұрын
Imagine yourself as a partner in Sequoia and SBF makes his pitch and you say "No." While the "valuation" goes up the next day. You wont be a partner the next day.
@mmassie4321
@mmassie4321 2 жыл бұрын
@@xrunner55 always a danger eh? But sometimes you gotta go with your gut. Hard to do with that kinda corporate pressure. Never been there so I don't know that particular kind of pressure.
@moochythecat3435
@moochythecat3435 2 жыл бұрын
Sam Bankman Freid stole everyone's money... and now the Jew is laughing at you...
@maxborn7400
@maxborn7400 2 жыл бұрын
I am guessing Seqouia and every other investor was counting on SBF's parents and *their* connections, to survive no matter what. None of them realised FTX was such a clusterf@#k that not even good connections could've saved them from a ponzi scheme of this scale.
@m8x425
@m8x425 2 жыл бұрын
I'm not sure what attracted people to FTX in the first place? Any stories?
@susanhsu1430
@susanhsu1430 2 жыл бұрын
Patrick straight-up roasting us throughout the entire video 🤣
@nevereverlistens
@nevereverlistens 2 жыл бұрын
Na, a straight face of a different sarcastic humour.
@markbeiser
@markbeiser 2 жыл бұрын
He's cereal y'all, super cereal!
@davidmoores7608
@davidmoores7608 Жыл бұрын
No, the subject matter is no joke. You explain serious issues and sometimes goings-on that would otherwise make us want to cry. It takes talent to do that while making us chuckle.
@userunknown7675
@userunknown7675 2 жыл бұрын
Patrick, I find the way you talk about these subjects comedic at times and that is a compliment since for a lot of people it gets boring quickly. I started listening to your videos due to the fact that the bits of humor make the information so easy to consume and remember. As somebody for whom english is not their first language the way you present financial stuff makes me really understand it despite a small language barrier.
@dl6860
@dl6860 2 жыл бұрын
Patrick, please don't take the comments addressing humour as a conflagration of your intentions. It's simply an appreciation of the crazy situation, the tactful delivery you have, and the relatability of that delivery. We appreciate you! Learning about anything is better done with a smile. Thanks for the wonderful content.
@payloh_3328
@payloh_3328 2 жыл бұрын
W comment
@danisalusha5739
@danisalusha5739 2 жыл бұрын
I think he was making a joke here too. His very dry humor is very hard to differentiate joke from seriousness lol.
@sigmundwong2489
@sigmundwong2489 2 жыл бұрын
wooo~~~~~~~oosh!
@michaelhaydenbell
@michaelhaydenbell 2 жыл бұрын
Oh bless your heart...
@zlosliwa_menda
@zlosliwa_menda 2 жыл бұрын
He's feigning seriousness and displeasure with his viewers' supposed immaturity for comedic purposes. Note that he follows his assertions of the seriousness of the situation with even more sarcasm and jokes at the expense of the gullible investors who should've known better. And now the frog is dead.
@smoozerish
@smoozerish 2 жыл бұрын
As a fellow Irishman I am proud of your contribution to youtube and the world at large. Keep up the great work Pat. 👍
@madmayson
@madmayson Жыл бұрын
might be the funniest irishman on youtube :D
@travisclark7150
@travisclark7150 2 жыл бұрын
Patrick you have a gift of humor when explaining finance things. Thats why we laugh and we watch you.
@whattowatchrightnow
@whattowatchrightnow 2 жыл бұрын
stop snickering. he said no snickering this week.
@fadexrucks1598
@fadexrucks1598 2 жыл бұрын
I agree… He cracks me up without even trying
@ripvanrevs
@ripvanrevs 2 жыл бұрын
@@whattowatchrightnow I like banana bread.
@cc-dtv
@cc-dtv 2 жыл бұрын
humor? bro, this isn't funny, weren't you listening? repeat. this is NOT FUNNY lmao
@stuartegrin7543
@stuartegrin7543 2 жыл бұрын
Can’t wait to hear the extensive due diligence. The institutional experts went through.
@nitehawk86
@nitehawk86 2 жыл бұрын
Oh sorry, they thought it was Dew diligence, and drawn a Mt. Dew instead.
@mylosovich24
@mylosovich24 2 жыл бұрын
I love this comment xD RIP the illusion of large finance having their sh*t together... again
@guillermofuentes151
@guillermofuentes151 2 жыл бұрын
When there's so much cash flying around, there's no time for due dilligence
@reignmack
@reignmack 2 жыл бұрын
"I love this kid, he plays video games during important meetings with us, he must be real smart, give him all the money"
@somethinglikethat2176
@somethinglikethat2176 2 жыл бұрын
Tbf he was killing it on League of Legends
@CodenameDoubleL7
@CodenameDoubleL7 2 жыл бұрын
I am usually sceptical of anyone telling me that their business will be everything to everyone.
@J5L5M6
@J5L5M6 2 жыл бұрын
You would have simultaneously been my favorite professor and the professor whose wit I feared the most. I appreciate your work, Patrick!
@J5L5M6
@J5L5M6 2 жыл бұрын
@Joey Garza I stand for nothing except integrity. Besides, I don't need someone to like me in order to respect them.
@ALaz502
@ALaz502 2 жыл бұрын
Patrick is the funniest financial KZbinr on the platform.
@K1RTB
@K1RTB 2 жыл бұрын
I don’t see it. He never laughs at his own jokes so how am I supposed to know if he is trying to be funny?
@Inspectorzinn2
@Inspectorzinn2 2 жыл бұрын
@@K1RTBsultry wood elves? Seriously how can you not laugh at that 😂
@OpportunisticOmnivore
@OpportunisticOmnivore 2 жыл бұрын
@@K1RTB he means to be funny. He’s just so straight about it, it makes it even better.
@Ovyr-f8r
@Ovyr-f8r 2 жыл бұрын
As a German i appreciate . Das ist lustig
@haxney
@haxney 2 жыл бұрын
Didn't you hear him? He's not being funny. This is serious business about serious people who seriously need their bananas. I used to live in Silicon Valley, but I had to move out when I realized there was no app which could provide the banana IV drip all people in the valley require.
@ApplesOranges123
@ApplesOranges123 2 жыл бұрын
Always excellent. Sometimes with the tongue in cheek or perhaps the truth is just so absurd. Thanks, Dan
@dbensdrawinvids8390
@dbensdrawinvids8390 2 жыл бұрын
I sincerely apologize for making light of this situation in the comments of your last video. Hopefully, no monkeys were severely financially impacted by the collapse of FTX.
@markpukey8
@markpukey8 2 жыл бұрын
A classy apology. I can't see how Patrick won't accept your genuine contrition.
@retroatx
@retroatx 2 жыл бұрын
My monkey lost it's 🍌 fund
@freshaquatics3652
@freshaquatics3652 2 жыл бұрын
There were likely more than a few apes
@dbensdrawinvids8390
@dbensdrawinvids8390 2 жыл бұрын
@@retroatx I'm sorry to hear that. Hopefully the market will rally soon and he can start making back what he lost.
@KingOfMadCows
@KingOfMadCows 2 жыл бұрын
Considering how much money Softbank has been losing and all the shady connections it has, I wonder if Masayoshi Son is worried about being put on the Yakuza or Saudi royal family's hit list.
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
It's an investment bank. They invest in everything.
@KingOfMadCows
@KingOfMadCows 2 жыл бұрын
@@samsonsoturian6013 their losses are close to wiping out their historical gains. They may be an investment bank but a lot of their investors are not very nice people who can make bad things happen to anyone who disappoints them.
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
@@KingOfMadCows you don't know that. They own hundreds of illiquid ventures
@MrVenona
@MrVenona 2 жыл бұрын
Masayoshi Son shouldn't worry about Saudi royal family. It is okay to lose their money. Just don't threaten their power. Because the Saudis can always get more money, but they can't get back their power if they lose it.
@hblee88
@hblee88 2 жыл бұрын
Anything negative Mr. Son says about his last couple of fiascos may be construed as being anti-semantic or somethin'. 🫣
@marbanak
@marbanak 2 жыл бұрын
I've enjoyed and learned so much from you since discovering this channel a short time ago. This is the only video, which puzzles me. So I am viewing it a second time. If you want to avoid being perceived as humorous and witty, then why is the content so humorous and witty? Even while you are asserting there is no joke intended, the visuals, the inflection and the content are a comedic delight. No comparison is perfect, but lemme try this: Years ago I asked a gorgeous lady friend to be my dance partner at a series of dance lessons. "I have no romantic interest in the gal," I told an elderly friend. He called me crazy. "You are plucking the strings, but you don't want to hear the music!" He was proven correct. I humbly submit that this is kind of what we have here. Still, you da' best, Mr. Boyle!
@baddolphin1423
@baddolphin1423 2 жыл бұрын
So Sam banked on mom and dad's good name. And the VC's (pronounced "easy targets") used relations as due diligence. Morale of the story: if you get introduced to the right people you can scam them.
@RustOnWheels
@RustOnWheels 2 жыл бұрын
It’s the joys of being part of an old boys network. Or: having seven ticks / check marks (see Joris Luyendijk).
@DFWFishing
@DFWFishing 2 жыл бұрын
i prefer Sam Bankrun-Fraud
@lorenzomagazzeni5425
@lorenzomagazzeni5425 2 жыл бұрын
Uncle Steve mom was in the board of directors of IBM, Elizbeth dad was a big shot at Enron. The apple doesn't fall far from the tree.
@baddolphin1423
@baddolphin1423 2 жыл бұрын
@@DFWFishing 😂
@b1crusade384
@b1crusade384 2 жыл бұрын
🐂💩. He is White and used the resultant privilege to steal and plunder and knew other Whites would protect him. Black don’t get the chances he go and nor would we be as nasty and evil as SBF is.
@PBoyle
@PBoyle 2 жыл бұрын
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Marc De Mesel, Paul Rohrbaugh, Nate Stapleton,Timothy Baird, WIlam, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Pjotr Bekkering, Alex, Robert W Proudfoot, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Stephen Mortimer (to The Moon), Ryan B. 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Christie, lazypikachu23, Olivia Ney, Steven, Adam Pomerenke, Jordan Millar, Reagan Glazier, Viki Rebic, Adrian, Adam Kobus, Ryan Law, KoolJBlack, Deborah R. Moore, Alonso Ibarra, sam, Dru Hill and Yoshinao Kumagai
@francescoghizzo
@francescoghizzo 2 жыл бұрын
Loved the NYMPH plate on the rear of the car 😁
@Insanesibak
@Insanesibak 2 жыл бұрын
the style with which you hand out sizeable amounts of shade in your videos is just amazing. love it!
@DreamHHS
@DreamHHS 2 жыл бұрын
I love you Patrick! I came for the financial analysis and stayed for the dry humor. I try to explain your comedy to my wife but she usually gets bored midway through so I think there’s some real info in there. Lol love the content!
@TheLizardKing752
@TheLizardKing752 2 жыл бұрын
He reminds me a bit of Andy Rooney from 60 minutes, but even drier.
@jefft8597
@jefft8597 2 жыл бұрын
Reminds me of Bob Newhart back when he did dry deadpan comedy.
@reup658
@reup658 2 жыл бұрын
British comedy
@OpportunisticOmnivore
@OpportunisticOmnivore 2 жыл бұрын
My husband watches no KZbin (I watch a ton) but several times he’s walked through the room while Patrick is on and says “does this guy know he’s funny?” Or “He really hides his jokes.” Yes. Yes he does. To both.
@desertdude540
@desertdude540 2 жыл бұрын
It's amazing how so many venture capital firms are unwilling to apply even the most basic "Would you buy a used car from this man?" test.
@frevazz3364
@frevazz3364 2 жыл бұрын
VC: but he has a Corolla!!!! 😂😂😂
@largebills337
@largebills337 2 жыл бұрын
Well his name is BANK MAN. He MUST know what to do with money. Right?!?!🤯
@venerable_nelson
@venerable_nelson 2 жыл бұрын
@@largebills337 This Bankman is Fried.
@nocensorship8092
@nocensorship8092 2 жыл бұрын
These Vc firms are run by blustering idiots of the same caliber as our genius politicians
@brettstarks1846
@brettstarks1846 Жыл бұрын
The problem is that they simply have way too much wealth to the point where it’s play money. From what I’ve observed, very few VCs are savvy investors, and simply throw a bunch of money at the wall until something sticks.
@kenshields8265
@kenshields8265 2 жыл бұрын
You have an interesting style, Patrick and it's obvious you know your stuff. "Due Diligence" means different things to different people but there couldn't have been any serious due diligence when the financial records are so screwed up. It seems certain that greed ruled and SBF knew how to play to that.
@gathuonjoroge1736
@gathuonjoroge1736 2 жыл бұрын
Patrick is by far the funniest serious finance content creator there is. You have a gift to educate, elaborate and entertain.
@SydneySewerat
@SydneySewerat 2 жыл бұрын
So Patrick, how can we get VC's to give us millions and what video game do you reccommend we play during the after pitch discussion?
@honkhonk8009
@honkhonk8009 2 жыл бұрын
Fortnite. Most definitely. Its what all VC's are gunning for.
@Aquatj999
@Aquatj999 2 жыл бұрын
Factorio or Satisfactory will suffice. Show them you can be efficient and optimize virtual factories instead of real ones.
@christianpechhold2616
@christianpechhold2616 2 жыл бұрын
I think SBF's issue was the banana part. Eggplant is today's banana. Copy what SBF did, maybe in the Cayman Islands, and tell VCs about crypto eggplants while playing Candy Crush.
@headlessfool7050
@headlessfool7050 2 жыл бұрын
I'd think streaming Warframe to them would be a rather USP .
@voxfan7403
@voxfan7403 2 жыл бұрын
The Dutch tulip bubble of the 17th century made more sense than the FTX bubble.
@frevazz3364
@frevazz3364 2 жыл бұрын
Atleast in the Tulip mania after the market collapsed there were nice flowers left. With this is nothing, other than some real estate assets purchased with stolen funds which won't be anywhere near the amount lost.
@danielschein6845
@danielschein6845 2 жыл бұрын
I'm putting together a very bad power point right now for a company that will make an app that allows users to trade in Dutch tulip bulbs. Tulips have been down for quite some time and are well overdue for their big comeback. I'm also pretty good at Angry Birds.
@lornarettig3215
@lornarettig3215 2 жыл бұрын
Take my money!!!
@rmalcordia1818
@rmalcordia1818 2 жыл бұрын
Shut up and take my money!
@ms-jl6dl
@ms-jl6dl 2 жыл бұрын
I'm Dutch and I'll sell you mine for a bag of dogecoin.
@Lonovavir
@Lonovavir 2 жыл бұрын
Funny that, I was going to re-start the French Mississippi Company and sell Real Estate in the New World, can we combine Tulips with my scam............ magnificent investing opportunity?
@danielschein6845
@danielschein6845 2 жыл бұрын
@@Lonovavir Depends. Do tulips grow well in Louisiana?
@GralBank
@GralBank 2 жыл бұрын
His sarcasm is off the charts. Patrick’s videos are always a joy to watch.
@chasingfinancialindependence
@chasingfinancialindependence 2 жыл бұрын
This is a fantastic channel. Thank you for all you're doing to explain complex financial situations.
@RustOnWheels
@RustOnWheels 2 жыл бұрын
I am completely disinterested in anything investment related, but somehow your serious videos keep me invested in them. In all seriousness.
@kirkdemadaler7041
@kirkdemadaler7041 2 жыл бұрын
Personally, I really like your deadpan delivery especially the "bit of humor" intertwined with the story details otherwise it might be a little boring...not to underestimate the effect these losses will have on real people's lives in any way. My vote is to stay the same and ignore the trolls.
@julieta203
@julieta203 2 жыл бұрын
I see both the humor and serious message in all your videos and the delivery is perfect.
@nennoable
@nennoable 2 жыл бұрын
Mr. Boyle, I'm a finance nerd (and not into bananas) and I do find the technical content of your videos to be absolutely on point and made by a seasoned money manager, but it is also true that your delivery (the Irish accent, the impassibility of the monotone voice AND the Irish humour) also makes for excellent comedy moments. I mean, your very terse comment about monkey JPGs as an asset class made me laugh out loud despite the seriousness of the topic. Keep it going! :)
@fadexrucks1598
@fadexrucks1598 2 жыл бұрын
I can’t tell if your intro was satire or real. Just in case it is real. You’ve got a unique sense of humor that cracks me (and I’m sure many other people up)
@monicaxirireland9996
@monicaxirireland9996 2 жыл бұрын
its an interesting point, everyone is looking for a comedic angle on things these days. When FTX went down lots of ordinary people lost almost everything with no recourse. This is serious business. Its great to see someone taking the responsible adult approach with the experience to back it up.
@monicaxirireland9996
@monicaxirireland9996 2 жыл бұрын
I see Patrick or his admin deleted the whattsapp pretending to be him, well done for looking after your members!
@jasonjones2329
@jasonjones2329 2 жыл бұрын
@@monicaxirireland9996 I'm amazed people actually fall for it. I made a joke to one of them once, they thought I was serious and responded to me. I thought about contacting one and seeing what their scam is, but was afraid I'd get charged or hacked somehow.
@monicaxirireland9996
@monicaxirireland9996 2 жыл бұрын
I agree, I don't interact with them, hacks and frauds are so complex these days. It's good to have Patrick to help us navigate a bit!@@jasonjones2329
@steviesevieria1868
@steviesevieria1868 Жыл бұрын
Yup, Patrick is stone funny! And educational too.
@supertuscans9512
@supertuscans9512 Жыл бұрын
The man is both brilliant and hilarious. He might have the best sense golf humour on YT but I fear it’s passing you by.
@brianomalley1034
@brianomalley1034 2 жыл бұрын
The real problem with SBF is that his vision was actually too limited. What about people who don’t like bananas, or fruit in general? If he expanded his pitch to include other foods he might not be in his current situation. For example, including carrots would allow him to add rabbits as users of FTX
@TheAvengineer
@TheAvengineer 2 жыл бұрын
Hard agree - I personally would've been much more easily duped into it if he had offered up strawberries myself - I'm not a terribly big banana guy, and I credit that to my successful avoidance of FTX.
@JonRodgers77
@JonRodgers77 2 жыл бұрын
Patrick, you explain complex finance issues and topics,in a approachable, relatable and entertaining way, this is the mark of a great communicator( a rare talent) , please keep it up. Well done sir
@Mrtheo31
@Mrtheo31 2 жыл бұрын
The slide from his PP presentation at 12:39 is pure gold, god bless you Patrick
@laserbeastman7447
@laserbeastman7447 2 жыл бұрын
Thank you for this totally serious video. I did not laugh out of respect, as you said it was not a joke.
@davidscott5898
@davidscott5898 2 жыл бұрын
I too have respect for the precision and sober reflection of this video, yet I still lost bladder control on several occasions while watching. Does this mean I am suffering from a UTI?
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
The humor writes itself with this one......
@christinecortese9973
@christinecortese9973 2 жыл бұрын
@@davidscott5898 I was just going to comment about my own bladder issues. Very strange.
@one42chrisp
@one42chrisp 2 жыл бұрын
@@davidscott5898 No, just pelvic floor dysfunction 😂
@OpportunisticOmnivore
@OpportunisticOmnivore 2 жыл бұрын
@@samsonsoturian6013 truth “a total addressable market of everyone on the planet” 😂😂😂 the jokes are in the actual docs! FTX is just so funny (so long as you don’t have your OWN money in it… which any sub of Patrick knows better than to do).
@labynoe
@labynoe 2 жыл бұрын
“Now of course while people do make $8 billion mistakes all the time, it’s likely that we’re instead looking at a huge fraud.” How he says this without bursting out in laughter shows Patrick Boyle is a man with tremendous self-discipline!🤣
@StephenGillie
@StephenGillie 2 жыл бұрын
Only make huge mistakes, never small mistakes.
@YannisFyssas
@YannisFyssas 2 жыл бұрын
The bigger the lie, the less we ask why.....
@beldiman5870
@beldiman5870 2 жыл бұрын
Exactly! Patrick is showing so much respect for his audience that he never laughs at his own jokes, he lets the audience to judge the quality of his message.
@cold_jay
@cold_jay 2 жыл бұрын
Timestamp please
@YannisFyssas
@YannisFyssas 2 жыл бұрын
@@cold_jay would you settle for a regular postage stamp?
@retrogamer2548
@retrogamer2548 2 жыл бұрын
My whole extended family moved here to Texas from the Philipeans. They all lost their life savings in FTX. We are glad everyone purchased houses in 2020. They are able to get Heloc and will live off the house from now on.
@dave8599
@dave8599 2 жыл бұрын
Their life savings in one company? Not very bright.
@thedwightguy
@thedwightguy 2 жыл бұрын
@@dave8599 Pinoy "invest" together and that makes them vulnerable. Same con happened in Hawaii.
@milkman2758
@milkman2758 2 жыл бұрын
I love this channel for the serious analysis, the no joke presentation style, and the grave tone of delivering the information. Not at all for the laughs.
@bamakaze
@bamakaze 2 жыл бұрын
You have a natural ability to delivery dry comedy, intentional or not, do not let that talent go to waste. In my opinion, you can be a subject matter expert and deliver knowledge in a fun way at the same time. Funny and knowledgeable are not mutually exclusive.
@adrianjanssens7116
@adrianjanssens7116 2 ай бұрын
Relax Patrick. I understand your distress at getting comments from humorists. I was laughing out loud after reading only a few and I still respect the quality and sincerity of your work. Keep doing what you do so well and cheers from Canada.
@lolkthnxbai
@lolkthnxbai 2 жыл бұрын
I recently watched a talk with Cathie of ARK , Elon, Dorsey and concluded that sequoia capital is not alone. Watching Cathy was like a bot that would fail a Turing test in five minutes.
@fernandaalario5091
@fernandaalario5091 2 жыл бұрын
ARK is now renamed TITANIC.
@sinfulhappiness
@sinfulhappiness 2 жыл бұрын
I watch that talk almost everyday, from many different channels, and have concluded that this is accurate.
@Tunafishyme
@Tunafishyme 2 жыл бұрын
I’ve worked for Bain and spent time in the Private Equity Group. We don’t do management due diligence, that is on the fund. We look to validate market growth rates, competitors analysis, profit pools, etc.
@michaelwisniewski6047
@michaelwisniewski6047 2 жыл бұрын
I'm wondering who did the FDD for Tiger, though. Another Arthur Andersen to be?
@vprwave
@vprwave 2 жыл бұрын
@@michaelwisniewski6047 Yes, yet If there was ONE, the name would have been on the table already, with so many prof investors needing a scapegoat.
@vprwave
@vprwave 2 жыл бұрын
Patrick was not saying management due diligence, when he quoted Bain being contracted by Tiger for an assignment.
@thenomadista2550
@thenomadista2550 2 жыл бұрын
I love your dry humor. Thanks for delivering content that goes beyond what other videos delve into. I always learn something new from your videos!
@samsonsoturian6013
@samsonsoturian6013 2 жыл бұрын
To be fair, they thought they were investing in a casino
@skoc6227
@skoc6227 2 жыл бұрын
That's hilarious haha
@patienceobongo
@patienceobongo 2 жыл бұрын
Always a good money laundering method.
@Troy_Built
@Troy_Built 2 жыл бұрын
They were.
@jasperhorace7147
@jasperhorace7147 2 жыл бұрын
@@Troy_Built Rigged, like all casinos so that only the Bank (er) (man) can win.
@patienceobongo
@patienceobongo 2 жыл бұрын
@mipmipmipmipmip yeah, it was created as a cover for them
@benjaminmatheny6683
@benjaminmatheny6683 2 жыл бұрын
I really like the dry jokes with informative financial news combo. keep up the good work!
@Havoc1019
@Havoc1019 2 жыл бұрын
I listened to this video today after I had listened to the new Bankruptcy CEO of FTX testify. You were spot on 2 weeks ago when this video was posted.
@robertosmmjlist
@robertosmmjlist 2 жыл бұрын
The simplicity and elegance of your statements is only matched by their devastating honesty!! Some of the best financial info on the internet! Thank you.
@monicasmith936
@monicasmith936 2 жыл бұрын
I absolutely love the way Patrick Boyle delivers information..!! * I have a smile on my face, the entire time *
@razzjaxx
@razzjaxx 2 жыл бұрын
Undoubtedly the most in-depth content I have seen this week re: banana procurement. Thank you, Patrick!
@FPoP1911
@FPoP1911 2 жыл бұрын
Patrick is just showing us how efficient market and rational actors make up the world we're living in.
@abatesnz
@abatesnz 2 жыл бұрын
And Sam is showing us how markets work too, in his own way.
@mirzosharifjalolov4247
@mirzosharifjalolov4247 2 жыл бұрын
You are genius in explaining complicated financial matters with a pinch of humour, Patrick.
@kalebbruwer
@kalebbruwer 2 жыл бұрын
There is not a pinch of humour in this entirely serious video, what are you talking about?
@davida2653
@davida2653 2 жыл бұрын
excellent Patrick as ever. I suspect once the first big name VC (Sequoia ?) was known the others rushed to join the 'Casino party' and SBF found himself, very quickly, in great demand. Amazing that nobody questioned his philanthropic extravagance.
@SmallWonda
@SmallWonda 2 жыл бұрын
I think you have a huge talent in being able to explain to a wide audience how inept and potentially reckless the actions of this outfit were - in an entertaining and ironic way - which can be hilarious. Which is great as we are not all fiscal genus's & as dreadful as the content is, it can be difficult to grasp how so much $$$ can vanish! Most of us can't fathom this amount of money, so if you can get the message out there, which Mainstream Media seems to be ignoring, then this is a very positive result. I just hope these scammers don't get away with ripping off investors in this shameless way. Thank you.
@Ben-bg1dn
@Ben-bg1dn 2 жыл бұрын
I actually worked on a due diligence team for an investment OTPP was considering in 2018. I can’t believe FTX passed (considering that they backed out from the way less risky, although still quite risky investment, I was advising on)
@nejdalej
@nejdalej Жыл бұрын
When I saw that KZbinr with SBF calling him the 'world's most generous billionaire', I knew his shtick was bullshit. The words just don't match. If you're that generous, you wouldn't be a billionaire.
@allottashit8118
@allottashit8118 2 жыл бұрын
Banana Procurement is one of the BIG issues facing this generation 😮
@Hossak
@Hossak 2 жыл бұрын
It keeps me up at night :(
@kyneticist
@kyneticist 2 жыл бұрын
As a symbol of the worlds most serious and eminent states and republics, their acquisition and issuance is vital. I honestly don't know if there are any current economies that aren't pursuing this status.
@lfcatchall
@lfcatchall 2 жыл бұрын
I think people understand it's not meant to be funny but you do have a dry wit and it is not lost on many of us. It's an intellectual educated humor that elevates the backstory. Love your work. Take care.
@JustaFatBoi
@JustaFatBoi 2 жыл бұрын
I don't think he is seriously requesting us to stop laughing when the whole thing is a comedy show.
@westwindsailer
@westwindsailer 2 жыл бұрын
@@JustaFatBoi dark comedy... frigging disaster full of incompetence by supposedly knowledgeable players..ie Ontario Teachers Pension 100 mill lost. A head or two " should " roll.
@lauradana22
@lauradana22 2 жыл бұрын
The sad part is that we are not investing in producing ”value” we are in investing in producing ” more profits” and think the two overlap perfectly, and then we ask ourselves why we failed.
@Kveldred
@Kveldred Жыл бұрын
Yeah! 'Course, it's hard to quantify value, when deciding what to invest in, and everyone's definition will differ... hmm... _Maybe_ we should invent a way to track the "value" an entity produces? Like, maybe some sort of fungible token we can give to entities that provide some sort of value for us? _And_ it could also be exchanged for concrete valuables, like food or cars, so companies will *want* the tokens. That way everyone is incentivized to produce value, and everyone can "vote" for their own judgment of "value". The more of these tokens a business obtains, the more people found value in it. THAT is what we should be investing in, you're 100% right! ✊ ...But what should we call it when a company returns lots of these tokens (thus showing how much value they're creating)? Progget? Tuggit? Foprit? _Proddit?!_ I just can't think of a good term.
@user-ne4ld3jp6i
@user-ne4ld3jp6i 8 ай бұрын
@@Kveldred The sarcasm is nice, but it misses the point. When the measure becomes the target, it ceases to be a good measure.
@Kveldred
@Kveldred 8 ай бұрын
@@user-ne4ld3jp6i Without rancor: reading the message behind my initial comment as "lol sarcasm" *is,* truly, missing the point. The sarcasm only works because the comment _does,_ in fact, point out how the premise ("let's aim at producing value") leads naturally to the same concept OP was attempting to criticize. I.e., the comment provides the outline of an argument for profit being one of the best measures of value heretofore devised. (Conversely, someone who proffers _"but what if everyone just agreed upon and did the right and best thing without need for any proxy?"_ as a useful and important "analysis" is probably not possessed of any actual insight - but they certainly seem to *think* they do, often.) If I went a little hard on the sarcasm, well... I just become weary of OP's brand of facile and unconstructive "criticism". It's like some people never left the "stoned teenager" phase of their mentation. So - *profit* and *value* aren't synonymous, no; but _"gosh if only people wanted to produce value... the problem is profit, that thing totally unrelated to value!"_ ...is the idea of a simpleton.
@Kveldred
@Kveldred 8 ай бұрын
@@user-ne4ld3jp6i Reading the message behind my initial comment as "lol sarcasm" is missing the point! (And I say this as the point-crafter for that comment, so, y'know, I'd know.) The sarcasm only works because the comment _does,_ in fact, point out how the premise ("let's aim at producing value") leads naturally to the same concept OP was attempting to criticize. I.e., the comment provides the outline of an argument for profit being one of the best measures of value yet devised. If I went sort of heavy on the sarcasm, well, forgive my weakness, please; this brand of facile and unconstructive "criticism" (beloved of teenagers and the really high) is just... wearing. Someone who proffers _"but what if everyone just agreed upon and did the right and best thing without need for any proxy?"_ as a useful and important "analysis" is probably not possessed of any actual insight... ...but they'll offer their best facsimile anyway, you can be sure! So, in any case - *profit* and *value* aren't synonymous, no; but _"gosh if only people wanted to produce value... the problem is profit, that thing totally unrelated to value!"_ ...is the idea of a sîmpletøn.
@Kveldred
@Kveldred 8 ай бұрын
@@user-ne4ld3jp6i Reading the message behind my initial comment as "lol sarcasm" is missing the point! (And I say this as the point-crafter for that comment, so, y'know, I'd know.) The sarcasm only works because the comment _does,_ in fact, point out how the premise ("let's aim at producing value") leads naturally to the same concept OP was attempting to criticize. I.e., the comment provides the outline of an argument for profit being one of the best measures of value yet devised. If I went sort of heavy on the sarcasm, well, please forgive my weakness; this brand of facile and unconstructive "criticism" (beloved of the 13-18 and the "really high" demos) is just... wearing. Someone who proffers _"but what if everyone just agreed upon and did the right and best thing without need for any prxy?"_ as a useful and important "analysis" is probably not possessed of any actual insight... ...but they'll offer their best facsimile anyway, you can be sure!
@justsayinit6789
@justsayinit6789 2 жыл бұрын
Im excited every time there's a new video, because I know i'm going to learn something, and also get smashed by a killer deadpan delivery. Another amazing delivery Patrick.
@tehwicked1
@tehwicked1 2 жыл бұрын
I have to say, I have only recently discovered your channel, and it is fantastic. To be fair, I've only recently pulled my head out enough to be an adult and pay attention to financial situations in the US or to invest in my future. Much appreciated, my friend. Be well and take care.
@jeova0sanctus0unus
@jeova0sanctus0unus Жыл бұрын
So you are NOT a comedy channel? Because ive been watching your videos as comedy for hours now, and its been great.
@CatFish107
@CatFish107 2 жыл бұрын
Yah know, I was doing chores, listening to the latest coffeezilla, thinking Patrick has great financial info, and one of the best deadpan, straight deliveries I've ever witnessed. Sure enough, next up on the queue was this mightily serious vid.
@ICake4s
@ICake4s 2 жыл бұрын
The comedy is why I am here and interested and surprisingly it keeps me focused and engaged enough to learn more from the video. Keep up the good work!
@russredman6427
@russredman6427 Жыл бұрын
Your presentation style is very good and I enjoy it ..packed with wisdom. Thank you keep em coming Patrick
@migy5031
@migy5031 2 жыл бұрын
Thanks Patrick! I’m enjoying your videos far too much. Your understated wit and ability to explain complex matters are equally impressive! 👍
@thepatchface7236
@thepatchface7236 2 жыл бұрын
Your videos are not comedy but with such a silly set of circumstances that fill in the details of this situation....hilarity will arise no matter how serious we try to be sometimes. Thank you for the great information, always
@steviesevieria1868
@steviesevieria1868 Жыл бұрын
His videos are not comedy, but they all contain plenty of laser-sharp humor.
@jointco
@jointco 19 күн бұрын
Im proud to say this is my most fav YT channel! love it all the way!
@beldiman5870
@beldiman5870 2 жыл бұрын
Patrick is the standup comedian for the world of Finance. Great jokes without any backup laughter from the audience😁.
@Ifraneljadida
@Ifraneljadida 2 жыл бұрын
I think we should highlight the VC firms that turned down the opportunity to invest. It'd be nice to know the names of the companies that did a good job in due diligence/judgment; they deserve recognition for it
@adissentingopinion848
@adissentingopinion848 2 жыл бұрын
You've got the right mind; some of the very best become should infamous for consistency, but an unleveraged diversified portfolio just isnt exciting enough.
@siddharthbirdi
@siddharthbirdi 2 жыл бұрын
Apparently, Chamath got told to fuck himself by FTX people, when he sent them a series of suggestions, including creating a board of directors etc.
@nicedubs8163
@nicedubs8163 2 жыл бұрын
Thank you for keeping to the important details. Right now feels exactly like the moment in the film "The Titanic" right after the ship struck the iceberg and the guests on deck are laughing and kicking the ice chunks around.
@Gizziiusa
@Gizziiusa 2 жыл бұрын
This ship cant sink!!!! Oh, I can assure you, this ship is mostly made of metal. It can and will sink.
@steviesevieria1868
@steviesevieria1868 Жыл бұрын
I don’t think the original comment here is saying anything. Am I wrong?
@chitzkoi
@chitzkoi 2 жыл бұрын
As the dust settles about this whole thing, a deeper dive into SoftBank as it is now would be hugely appreciated. What keeps the lights on over there?!
@realnapster1522
@realnapster1522 2 жыл бұрын
Yakuza money?😂
@mikeday580
@mikeday580 2 жыл бұрын
As I understand SoftBank the light is provided by the glow of burning money.
@djackson1971
@djackson1971 2 жыл бұрын
I agree, SoftBank seem to be involved in every dodgy investment going. They must have lost a fortune.
@sorryi6685
@sorryi6685 2 жыл бұрын
Softbank entire strategy is invest in everything.
@guydreamr
@guydreamr 2 жыл бұрын
Patrick vividly illustrating how Efficient Market Theory often works in actual practice.
@brettstarks1846
@brettstarks1846 Жыл бұрын
I love your dry style and explanations. Keep up the good work!
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