Happy Friday everyone! Visit www.newsoveraudio.com/bagel (or use coupon code PLAINBAGEL) to get a free 7 day trial of Noa's premium subscription, plus 37% off the annual fee.
@jamsum72152 жыл бұрын
could you do a video on the 1987 crash? I never fully understood what caused that.
@bigboss3372 жыл бұрын
The South Sea Company was the OG hype stock. Human nature never changes.
@zyrohnmng2 жыл бұрын
Would you like some Tulips?
@Danielkaas942 жыл бұрын
Go buy Dink Doink
@johnpulawski352 жыл бұрын
ok calling out bubbles is cool you know what's cooler? making money
@Abedchess2 жыл бұрын
@You Famous last words
@jamesmf9682 жыл бұрын
Newton made a small profit and sold, but regretted getting out too early and bought back in near the top (FOMO) and rode the shares down to the bottom. That’s how the South Sea Bubble broke Newton, a man who famously avoided company and didn’t pay much attention to the news.
@Voodoo33972 жыл бұрын
Sir Isaac Newton would not survive the era of crypto currency lol
@anilagarwal39852 жыл бұрын
gravity at work
@shaynehughes66452 жыл бұрын
"ye olde goddamit"
@Abedchess2 жыл бұрын
This man, Sir Isaac Newton, Created a revolution in physics and mathematics, Created Newtonian mechanics, theory of light, Calculus, reflecting telescope, Practically a genius worshipped by academics today, Lost £20k in investing... What in the f*** was he smoking.
@LendriMujina Жыл бұрын
If only there was some way to predict that things always tend towards a freefall. It could have helped him understand the gravity of the situation.
@DrDeFord2 жыл бұрын
4:02 “Peddling this thing harder than Raid Shadow Legends is a free to play…”
@tomlxyz2 жыл бұрын
and the stock takes off!
@BringTheRains2 жыл бұрын
I just about died when you mentioned raid shadow legends. I was laughing so hard. It was such a well placed thing. Great job.
@RhejMacTavish2 жыл бұрын
100%! Just about lost my drink there!
@samsonsoturian60132 жыл бұрын
If you think speculation NOW is bad, just note the South Sea Company and Mississippi Companies each had market caps larger than all modern tech giants combined... BEFORE industrialization.
@greenthunder79822 жыл бұрын
Can i have a source
@ajrobbins3682 жыл бұрын
@@greenthunder7982 Extra Credits History mentioned that the South Sea Company became so large relative to the economy of Great Britain that it would be a $85 trillion company at the same ratio today. To put that in perspective, Apple crossed the $2 trillion mark in 2021 and it's a profitable business, unlike the South Sea Company.
@surajkumar-uo1xp2 жыл бұрын
@@ajrobbins368 what the F.... That Muchh?!? dam... just imagining that much money is crazy lol
@obviouslymatt64522 жыл бұрын
hm, not really. in relation to what? gdp? the total monetary supply? neither of these things are good indicators of how much something is actually worth.
@MinefighterLP2 жыл бұрын
some things never change lmao
@joshreddy42782 жыл бұрын
I love how ISAAC NEWTON was one of the OG YOLO guys
@Abedchess2 жыл бұрын
Isaac Newton originally bought the stock, but sold it too early. So he bought the stock again at the peak. He was the OG FOMO.
@Toonrick122 жыл бұрын
Fun Fact: The debt owed by Britain in 1711 wasn't fully paid until 2015. Yes. That's right.
@zyrohnmng2 жыл бұрын
But it WAS repaid? - Jack Sparrow
@NooneStaar2 жыл бұрын
Isn't that the debt for buying all of the slaves in the British Empire to then turn around and set them free?
@Toonrick122 жыл бұрын
@@zyrohnmng DON'T ASK QUESTIONS YOU AREN'T PREPARED TO HANDLE THE ANSWERS TO! - Ms Puff
@JackDuffley2 жыл бұрын
"A surprise to be sure, but a welcome one." - Chancellor Palpatine
@panjiwidyasmara11122 жыл бұрын
I sense darkside in this comment
@JustMe-um8zp2 жыл бұрын
Extra History did a short series on this topic a few years back. 5 episodes, each about 10 minutes. It's fantastic. This 5 minute summation skipped a lot of details, but was still great (even Extra History had to cut out some things). Keep up the good work!
@cubfan00623 ай бұрын
It was Walpole!
@GubeTube192 жыл бұрын
I love these 5 min history lessons. Can't wait for 30 years from now when you make the "Crypto bubble of the 2020s"
@bigboss3372 жыл бұрын
But, ThIs TiMe iS DiFfErEnT! 😅
@TheSquirrelSam2 жыл бұрын
I give it 3 years!
@sor39992 жыл бұрын
You have non-trading apps like PayPal trying to get you to buy crypto now. Commercials are everywhere. The hype is unreal. But Bernie Madoff can keep a ponzi scheme going for 30 year so who knows what will happen?
@blue7lvn2452 жыл бұрын
Lol 2020? Don't you mean 2017/2018
@spyros072 жыл бұрын
HAVE FUN STAYING POOR!
@cosmicmauve2 жыл бұрын
Absolutely love the 5 minute history lessons. Being from Quebec I can appreciate the "screw toi" -cracked me up. Man this was fast though. Really well done all the same.
@evangelion002 жыл бұрын
That Raid Shadow Legends bit was gold lmao!
@nosslived2 жыл бұрын
>10% down, no payments for a year Kind of unrelated, but that quote brought this to mind: I often wonder if the surge over the past two years of "buy now, pay later" platforms is setting up a catastrophic bubble of bad credit. Ie, which companies are recognizing revenue and when? Are retailers recognizing future revenue on the promise of payment from those platforms? Or are those platforms paying retailers in full and using debt to provide credit which could very well default?
@thomasa56192 жыл бұрын
Take everything I say with a grain of salt, I believe in australia BNPL takes a few percent cut from the sale, otherwise the retailer is paid in full Interestingly, the contract between the two companies doesn’t allow the retailer to add that fee to the price (on an individual level, like credit card fees), but has to jack up the price for everyone including cash/credit card sales. But the government is looking at legislating that clause out of existence
@TrashwareArt2 жыл бұрын
Thats definitely what's happening.
@shazzthedon2 жыл бұрын
Retailers attract new customers that would otherwise be priced out. Creditors get new customers without a credit check. What you may consider sub prime credit debt. Figures indicate most pay off bnpl debt in time without incurring fees
@thomasa56192 жыл бұрын
@@shazzthedon here in australia, the BNPL providers charge a percentage to the retailer, and the contract doesn’t allow the retailer to pass it on to that customer So EVERYONE has to pay jacked up prices because of it
@sfnzmi2 жыл бұрын
You've outdone yourself this time Richard! This 5 Minute History Lesson is the best one yet!
@politicscommentator2 жыл бұрын
Thank you, Plain Bagel! I am glad you got to do this topic. Extra Credits did a great job on this topic as well.
@politicscommentator2 жыл бұрын
Here is my recommendation for your next 5 minute history video: The Tulip stock market craze.
@hndrwn2 жыл бұрын
Walpole was here
@marcusajacobs61402 жыл бұрын
“Peddling this thing harder than….. RAID Shadow Legends”
@JohnSmith-lk9fv2 жыл бұрын
Finally a new one, I love the 5 minute history lessons.
@LoudRevised2 жыл бұрын
It was Walpole.
@darreljones86452 жыл бұрын
Yes! SOMEONE had to post this!
@alexandredevert49352 жыл бұрын
The editing is pure gold
@pongop2 жыл бұрын
As a history teacher, I love the history lesson. And I appreciate the fun references, especially the Avatar/Jacobite one! Great video!
@108u92 жыл бұрын
“The only material harder than diamond are Richard’s jokes.” - Sir Issac Newton (probably)
@kershaad2 жыл бұрын
This is a great TL;DR of the series Extra Credits/Extra History did on this a few years ago. Both are brilliant!!!
@kgproductions72882 жыл бұрын
Can we just take a moment to appreciate how informative and entertaining the Plain Bagel's history lessons are?
@Hyperpandas2 жыл бұрын
This video is a masterpiece. Well done, sir, well done.
@TheSwaggerVEVO2 жыл бұрын
That raid shadow legends plug was immaculate,,, bravo
@aron53772 жыл бұрын
These videos are always so worth the wait. Honestly top notch editing, great humour and succinct education. Keep it up!
@JPLangley_2 жыл бұрын
5:32 today I learned that not even Isaac Newton was immune to being a dumbass stockbro.
@RedSoxFanatic4Life2 жыл бұрын
Great video! FYI for anyone interested, Extra Credits did a multi-video series on the South Sea Bubble a few years ago.
@jenglot20112 жыл бұрын
wohoo finally, i really love your financial history content!
@Loollitude2 жыл бұрын
The editing/script/animations in this is phenomenal. Great video!!
@JStack2 жыл бұрын
PUMPING HARDER THAN “RAID SHADOW LEGENDS IS…” This is now a comedy channel. Exquisite
@AD-zy7xo2 жыл бұрын
The Avatar reference and the Raid Shadow Legends spoof 😂😂 I was feeling anxious today about Jeremy Grantham’s stock bubble warning & as a new investor I am now revisiting your videos since I find them educational. So all jokes aside, thank you!
@zezuntxiduntxi Жыл бұрын
great videos! very well done
@GoBrowns2 жыл бұрын
Ok the raid thing you threw in there was golden
@Cedric1234_2 жыл бұрын
Once again The Plain Bagel pumping out incredible content
@EarnestWilliamsGeofferic11 ай бұрын
We need more of these.
@id10t982 жыл бұрын
Uber- the 21st century South Seas Ride Trading Company
@K3end02 жыл бұрын
This video was brilliant! Great work
@poisonpotato12 жыл бұрын
That would've been the best transition ever to a raid shadow legends ad. Would've been so perfect I'm slightly disappointed it didn't happen
@Krissy_K8882 жыл бұрын
This editing was amazing :D
@MSlocum6692 жыл бұрын
This was fun. Thanks Bagel.
@sor39992 жыл бұрын
4:12 "If shoeshine boys are giving stock tips, then it's time to get out of the market."
@CobraR352 жыл бұрын
Dude this is one of the best short videos I have ever seen xD Been following you guys for a while and MAN you keep getting better!! Keep up the good work. :)
@stefandemerov84232 жыл бұрын
04:02 COMEDY GOLD!!!
@ArabicLearning-MahmoudGa3far8 ай бұрын
Thank you, very entertaining👍🏼
@user-ok3dy5su8s2 жыл бұрын
Thank you share the so interesting cartoon to teach past financial history.
@vietanh21012 жыл бұрын
funny and educational video as always. I can't help to relate this video to our current market 'mania'. I really wonder how long is our current bubble going to last.
@joshuaestine26302 жыл бұрын
Did this man just plug raid shadow legends? This man is a legend
@nicholaspryplesh93962 жыл бұрын
Dude! Make more of these
@user-dm842 жыл бұрын
Loved this one! Some fast paced humour in there.
@freshgino2 жыл бұрын
I LOVE THIS “STYLE”!
@uselessfacts36522 жыл бұрын
If you're finished with watching this video theres another great one about the topic from extra credits/history
@danimalforlife2 жыл бұрын
Link for anyone interested: kzbin.info/aero/PL931Bkj5KLMtJ4AMegQtekqKcCy14FCec
@afrozen10-022 жыл бұрын
Really good series to learn the political repercussions for plunging Great Britain into the financial crisis after the south seas bubble popped.
@MDoogee2 жыл бұрын
Erm- are you the long lost twin of the guy from “that chapter”
@williamgiguere41062 жыл бұрын
Such a great format I loved it!! I would gladly watch more of those!
@Blezerker2 жыл бұрын
Yes!! So glad to see you cover such an interesting topic in financial history
@goldnile7182 жыл бұрын
Okay this was a really fun watch
@vevenaneathna2 жыл бұрын
welcomed change in style. thx for uploading m8
@samsonsoturian60132 жыл бұрын
The Dutch East India Company needs more finance videos than it gets. It was the world's only publicly traded COUNTRY. Owned and run by the Dutch government and managing their extensive overseas empire, and the subject of the world's first short and distort scheme.
@tommynaclerio2 жыл бұрын
It is so interesting to look back in time to witness the early stages of the market. Thank you for the video. Bagel King for life!
@nrpbrown2 жыл бұрын
Loving the Raid Shadow Legends bit
@richardochodzki39612 жыл бұрын
is the raid shadow legends reference an inside joke I don't get or a video editing mistake?
@ThePlainBagel2 жыл бұрын
It's a game that a lot of KZbinrs take as a sponsor; sort of a joke that the South Sea Company was being promoted more heavily than this game that no one actually plays
@richardochodzki39612 жыл бұрын
@@ThePlainBagel ah. In one of his videos, Patrick Boyle used a picture of you as an illustration of a boomer, perhaps he didn't have enough time to find better examples
@davidSFL792 жыл бұрын
You can tell that Richard had a lot of fun making this video.
@naganuina2 жыл бұрын
Patrick Boyle has a great video on the Mississippi Bubble
@fahadalbahar97502 жыл бұрын
thank you for bringing back 5 minute history lesson!!!
@LionRafale2 жыл бұрын
Yay. Another 5 min lesson. I miss learnings.......
@DrHero132 жыл бұрын
Love your history videos. This is an area you could really grow. Thanks for your hard work!
@makamaka4872 жыл бұрын
I was unreasonably hyped to see this upload
@SmartChannel012 жыл бұрын
Anyone else remember seeing this from Extra Credits / Extra History?
@hl36412 жыл бұрын
Master piece
@ajrobbins3682 жыл бұрын
Apparently Extra Credits History covered this bubble in fascinating detail several years ago on KZbin. I only watched it today and can vouch that it was an entertaining series.
@emildube2 жыл бұрын
Your animations are so amazing keep it up!
@mohamedabdelkawy34262 жыл бұрын
This is incredible content. As a finance buff, i adore your content
@Chukwu1212 жыл бұрын
Id really like to see a 5 min History on the Tulip Mania bubble. That would be awesome
@maxanderson78712 жыл бұрын
I like things. This was one of them.
@kylemcconnaughey46112 жыл бұрын
This video is insane, one quick editing thing, idk how you can cut this but a 30 second intro is long for a fast paced video and to keep viewer retention I suggest you cut that in half by adding the part about the past and bubbles to the end. You need to hook the viewer earlier because with these 5 minute videos the viewer wants it cut short and sweet it see the main part of the video
@jordanwilliams93002 жыл бұрын
This was so fun! Please do more!
@kirkcornelius10742 жыл бұрын
Awesome!!! Been waiting on one of these!
@chrisdubs1212 жыл бұрын
Great style of video can't wait for more low budget editing like this in the future
@TheManinBlack90542 жыл бұрын
LOVE this channel! Do more!
@burlacuninel59812 жыл бұрын
Honestly I would love to have been in the studio when he said "take that Law" 😂 . Great vid as always.
@surajkumar-uo1xp2 жыл бұрын
lmao that raid shadow legends insert xD
@afrozen10-022 жыл бұрын
And remember. It was Walpole. Walpole is inevitable.
@ostenconville75952 жыл бұрын
I love your history lessons keep up the great work
@escrambol2 жыл бұрын
it was Walpole
@The_Drunk_Lord2 жыл бұрын
I got a good laugh out of that and learned something. Thanks!😂
@shabaanmarijani84472 жыл бұрын
IT WAS WALPOLE!!
@jason98752 жыл бұрын
Great vid. Super quick
@adarshkumar43362 жыл бұрын
That was Wild! 10/10
@BloodSugar72 жыл бұрын
IT WAS WALPOLE!!!!!!!!!!!!!!!!!! Wait.. where's Walpole?
@canllinnames99402 жыл бұрын
finally another 5 minute history lesson
@ariklapid72 жыл бұрын
The first Plain Bagel video I couldn’t watch till the end. It’s just too fast. I am familiar with the South Sea Bubble and still….. My personal recommendation would be make it at least 8 minutes so you are able to speak at a normal pace :) Anyways, thanks and keep up the good work!
@Abedchess2 жыл бұрын
True, his videos are Abit fast. You could try x0.75 speed instead, might be more manageable.
@tanjoy02052 жыл бұрын
For more detail you should watch the extra history series in this .British:Fight everyone
@dynamitejmt12 жыл бұрын
This was great!
@i-am-evil-morty67102 жыл бұрын
Thank you for the raid shadow legends joke
@InvestorCenter2 жыл бұрын
Here before this video blows up because it’s going to 😂
@Rockkmann2 жыл бұрын
These are amazing
@dhess342 жыл бұрын
So, super rough back-of-the-napkin calculation, Sir Issac Newton lost the modern day equivalent of $5mil USD. Something tells me he wasn’t exactly poor.
@Abedchess2 жыл бұрын
He wasn't poor... He's rich, he was rewarded for his scientific discoveries. (Not like nowadays, where revolutionary scientists go bankrupt and some go insane)
@sanatanand28342 жыл бұрын
You know stock market is hard when Issac Newton himself has lost money in a market crash!
@Hollows19972 жыл бұрын
Watch Extra Credits mini series on the south sea bubble, the finance side might not be as accurate but it’s entertaining though.