The Truth About Investing - Patrick Boyle, Ex-Hedge Fund Investor

[@MakingMoneyPodcast]

Hello! We’ve put something together for you - a free guide for beginners that shows 80% of what you need to know about personal finance on 2 pages. You can get it here: makingmoney.email/80-guide-video

[@nanucit]

How can you have mr. Boyle ready for an interview and not asking a single question on rap music? 😢

[@RossDmoch]

real viewers know 😂

[@badluck5647]

​​@@RossDmochI love Boyle's rap KZbin channel, but he keeps getting off topic in his videos.

[@oscarcharliezulu]

He’s the king of rap so muge missed oppty

[@MichaelRasch]

yes, that's a problem

[@justinmanley8131]

Patrick is not a rapper! (Hurt Feelings Flight of the Conchords)

[@hedition9346]

I''d never in a million years thought I would be so engaged in someone talking about finance in such a dry tone. And yet here I am.

[@MakingMoneyPodcast]

The finance bug has you!

[@kristinashepherd3003]

I always enjoy seeing and hearing Patrick Boyle and will drop everything when I see a video with him speaking about anything really. He has made a subject that I used to loathe (finance ) into a topic I really enjoy now and can’t get enough of 😂

[@monzorella1]

​@@MakingMoneyPodcastWhst is Patricks accent???? Im from the UK so i want the region. I'm guessing Irish 🤔🤔🤔

[@ForceMassMotion-b6v]

@@kristinashepherd3003 I hope you're not a heart surgeon, or bus driver

[@eoinleen1]

​@@monzorella1It is Irish as is his name. He doesn't have a strong Irish accent, but it has a Dublin twang but no more than that. I would guess Leinster, somewhere close to Dublin..

[@KaldekBoch]

Patrick is a breath of fresh air. I am so glad that KZbin recommended him to me a couple of years ago.

[@chrispowell1224]

Aswath Damodaran is even more a breath of fresh air. More technical lectures but is 100% correct. Also read Good Strategy, Bad Strategy.

[@Mark_Kiwi]

I didn't realize this was a rap channel. 🎉

[@Ratgibbon]

My only complaint is the lack of questions about UK drill rap, but other than that it's a top notch interview lads.

[@TobyNewbatt]

Great conversation as always - this man will go far in the rap game I wish him great luck in the future.

[@dimitrivancamp1013]

I like how Patrick has the unique combination of being smart while being humble and balanced in his views

[@notv6357]

Not sue about balanced

[@digitaldude13]

Advice for Damien is to sometimes let guests talk a bit longer and not interrupt. A fine balance to hit

[@MakingMoneyPodcast]

Thanks for the feedback I will work on this in future recordings

[@kirkoids]

Fantastic ability to let the guest articulate without disruption in all your videos and create a great atmosphere. Thanks Guys!

[@marclederman6206]

Patrick Boyle is the BEST! Really enjoyed this extended interview/talk. Keep up the great work!

[@sarchmaster5779]

Great scoop getting Patrick on, he's such a great guy to listen to.

[@stanbasov42]

MC Boylz is my fav rapper ❤

[@playingFTSE]

Patrick is the best.

[@jeevesponzi5257]

Love this dude. its great to hear an Irish accent talking about finance, who doesnt sound like a farmer.

[@RealmsOfThePossible]

Can't believe you got Patrick on!! Excellent thank you 😊

[@MakingMoneyPodcast]

We had so much fun! Enjoy!

[@imbarmstrong]

​@@MakingMoneyPodcastthe man's wit is top notch.

[@jaehus1971]

So much humility - great man !

[@chrismunt8443]

Wait all week then we get the new vanguard app on your other channel and Patrick Boyle!! What a treat!!

[@MakingMoneyPodcast]

Enjoy!

[@couldnevabeme0189]

This is great all around! And there’s no interrupting each other. Finally

[@Kitty-lj7eg]

Great interview. My favourite finance analyst Patrick here makes this episode very knowledgeable and interesting!!

[@ljragsandfeathers]

I love Patrick’s rap channel ❤

[@lawrenceleavy7316]

Glad to see Patrick on! He has a brilliant KZbin channel himself

[@johnmcdonnell81]

Most refreshing to listen to him, really enjoy his channel.

[@daymaker_trading]

It's always a pleasure to listen to Patrick Boyle ♥

[@7overland514]

I gave you a thumbs up despite your not asking Patrick’s opinion on Eminem’s latest album

[@dominicrussell8158]

Just at the beginning of this podcast, love both creators, great content chaps

[@countcampula]

Every interview Mr. Boyle does makes me happy. Also thunderfoot mentioned was surprising, he fell off.

[@amgofficial7791]

👏🏾 outstanding post... TY

[@georgewood00]

Patrick is the king 👑

[@C_R_O_M________]

One point about growth companies and the macro environment the world is facing right now: I agree that this is the time to turn to value investing as debt-to-GDP figures are at all time high meaning that the Keynesian politics that fueled much of the (artificial) growth of the past decades will be facing headwinds. That's in general and on average for growth stocks. However, growth stocks will always exist under any macro environment. I'm personally mostly a value investor.

[@tjcochius6331]

Patrick Boyle interviews Linda Raschke would break the internet

[@christines5430]

Patrick Boyle is one of my favourites l

[@florin2tube]

Great interview! 😊

[@MattEden97]

The one we've all been waiting for!!

[@vagaboots]

I can listen to this man all day

[@kickstartedwards6916]

Great interview - you didn't manage to drag Patrick to Manchester did you ?

[@kingamplify8904]

Great interview, love patrick

[@-Atif-]

Never seen Patrick smile before this

[@abjjeet]

21:39 dope question, good job!

[@CallsignEskimo-l3o]

That's the most I've seen Patrick move his left hand. I always assumed it was because he had a heavy watch.

[@martinr2040]

Great video! Thanks :)

[@MichaelRasch]

Nothing really changes under sun. What worked in the late 80's still works today.

[@Oceloteater]

Love Patrick, he's the best 💚

[@alans1870]

His vids are well researched and delivered with a dose of dry and sarcastic humor.

[@keybraker]

Patrick is awesome!

[@tombombadillo1]

I love Patrick but it would be dangerous playing a drinking game with "its [very] funny because" and "its [really] interesting because" 🤭

[@pavelsokov]

Excited for Patrick to drop his upcoming rap album !

[@sandyfoot]

My favourite episode is on The Line. Brilliant and LOL funny!

[@probablyro]

Here for Patrick

[@MichaelRasch]

pay attention at 19:48 he talks about the emotion nightmare of high volatility investments. I had to learn that too. I sleep better now LOL

[@philippolacek3475]

So THAT'S what it sounds like when Patrick laughs!

[@Stolt0r]

Great interview.

[@danieldpa8484]

Great personality!

[@willumbermarchant5510]

The latest comment on the trump assassination video 'if the same had happened to Biden I doubt he would have flinched' was fabulously cold!

[@themusic6808]

Patrick Boyle is clearly someone who has the know how to use quantitative research trading short term futures to 100X your money in a snap but instead does the more admirable thing and educates the public on how to invest the rational way over a long period of time.

[@AnOldGuy164]

I subscribe to Mr. Boyle's channel. I am surprised that he talks about investing without mentioning ROI goals. The S&P 500 has a annualized total return of at least 7.5% for investments held 20 years. And almost 10% for investments held 30 years. Without having higher goals for other investment plans it is rational to just use the S&P 500 index as a plan.

[@ccrider8483]

Ultimately, all we as investors can do is take what the markets give us. An investor is one who buys and holds. If one thinks of investing in the stock market like buying farm land, in that it is an illiquid asset and just held, it works out good.

[@jorgerangel2390]

I want to be like this guy when I grow up

[@borerunner8659]

Love this dude

[@fernandaalario5091]

Patrick rules 💪🏽🫶🏽

[@roc7880]

one of the most keen observation about modern education, they tell you what equation to do and how to solve them, but not WHY? The same thing I notice in STEM courses, and I heard an old & knowleagable teacher of programming saying the same about how kids today learn computing, I bet everyone has the same feelings in other fields. Dumbification of modern mind.

[@richardlawton]

Please get Rory Sutherland on the pod, he has some really cool takes on finance and the problem of young wealth creation.

[@brokeloser]

I thought at the beginning Patrick is talking about the Vegas loop and they think it’s hyper loop. Then they misunderstand the children’s train comment. JFC

[@axelfiraxa]

1:58 the first youtuber i can remember being always in a suit is Winston from SerpentZa/ADVChina/TheChinaShow

[@Studeb]

Glad he's giving Thunderfoot recognition, I didn't like Elon before I watched his Hyperloop Busted video in 2016, but that was the point I remember realizing that I was not alone in finding him overrated and maybe even a fraud.

[@SK-vg3mw]

Patrick best UK boomer finance channel, Damien talks money best UK Millennial/Gen-z finance channel! Awesome to see them both together!

[@bendavies3108]

Boomer? He's late GenX, the youngest boomer is 59....

[@ljragsandfeathers]

Patrick is Gen X

[@SK-vg3mw]

@@bendavies3108 Boomer is not related to his age but a paradigm he has towards the finance. He was learning from boomers and has attitude to risk and choice of assets typical to older generation (conservative TradFi)

[@SK-vg3mw]

@@bendavies3108Boomer is not related to his age but paradigm he has towards the finance. He was learning from boomers and has attitude to risk and choice of assets typical to older generations (conservative tradfi)

[@jeevesponzi5257]

UK?

[@michaelsorochev1357]

Patrick “It’s Funny” Boyle

[@nocouponsforkaren8587]

I have no money to use on investments and i work on the rail road but for some reason i find myself fascinated by finance speakers. I guess my accountant parents rubbed off on me

[@paulshaddix5290]

his comment on ftx 's girlfriend as a wood nymph was so original.....

[@p1qt.h4ndl]

Watching from china mate🤷🏿‍♂️

[@PITU-f7f]

Patrick is very entertaining

[@ForceMassMotion-b6v]

Absolute heavyweight is Patrick

[@kamaniwilliams1738]

Well I didn’t see this happening

[@hallucinogenix]

Is that a 'future version' of Jarvis Cocker :) - Btw that's a good thing, he's pretty cool !

[@MarkGraydk]

Patrick is a finance youtuber? I subbed for the rap content but I guess there is a small overlap between Razzlekhan and the finance sphere with her BTC theft and laundering.... /s

[@monzorella1]

Whst is Patricks accent???? Im from the UK so i want the region. I'm guessing Irish 🤔🤔🤔

[@davidgray3321]

I think so

[@markayles9948]

"I've made mistakes" Feels like this one is for me 😂

[@Neura1net]

Boyle is the funniest finance dude ever

[@TheMagicLemur]

54:00 - the UK is somewhere between 1st and 3rd fastest growing economy in the G7... including the major EU ones. Sure: the US grows a lot quicker, but we shouldn't do the UK down + Patrick is right to say it's the uncertainty of Brexit more than nebulous floccinaucinihilipilification.

[@MakingMoneyPodcast]

The point in growth, would you say it is easier for a country to grow the quickest when it saw the sharpest declines?

[@TheMagicLemur]

@@MakingMoneyPodcast Surely yes - growing from 91 to 100 is a bigger increase than 95 to 100 (using rough 2020-2022 figures). 🤷

[@davem.4003]

​@@TheMagicLemurI'm unsure what point you are making here? Sure 91 to 100 = 9/91 = 8.89% is bigger than 95 to 100 = 5/95 = 5.26%. I think the question was whether it's easier following a big crash? The better way to look at that is, if we compare two crashes - of 20% = 100 - > 80 and 10% = 100 - > 90, then from those starting points, from 80 back to 100 is an increase of 25% but a 25% increase from 90 is 112.5. Which one is better depends on when you bought the stock and which one is easier to achieve depends on the causes of the crash and how that impacted the business.

[@TheMagicLemur]

@davem.4003 As in how much GDP fell. Was broadly saying what you are - that the UK has had more volatility, so it is a good place to invest (on that measure). Am watching this channel to learn more on investing - hence GDP rather than stock prices. 😊

[@MdZakirHossain-p3s]

Do you have Apple podcast?

[@MakingMoneyPodcast]

Yes

[@drvlasov5543]

Patrick is Jason Statham of Finance:)

[@civosborne]

Um, actually: Richard Nixon did the "wear a suit everywhere " bit first.

[@andybaldman]

Patrick holidays on Cape Cod??? Where does he live?

[@Chanesmyname]

AI models will replace most, if not all, data players. Palantir and such software developers are working on some incredible things, I think they will eclipse so many human minds in finance.

[@stupidbro2301]

Do you know that usually second grade IT developers go to start ups. The best in a class usually goes to Google, Finances or make their own start up.

[@stupidbro2301]

@@danielc6106 Google, big mature companies or finance, not Palantir.

[@Chanesmyname]

@@vonb2792 the AI effect on all aspects of our working life is yet to be felt by many, though like me, many see it coming for us.

[@imbarmstrong]

Patrick! T gets the best guests (oh and Damo too I s'pose 😂)

[@danielc6106]

So Patrick shaved his head to be taken seriously. Right, I'm trying that.

[@davidbudd9107]

I have the opposite problem. The last time I shaved, I was mistaken for a teenager.

[@vegbeg9170]

Clearly this is not a serious channel. What a waste of rap insight.

[@andyeccentric]

You get a financial expert on your channel and you waste his time with generic youtube creator questions... hmm

[@iless664]

Ugh, I love Patrick’s videos and googled him to find out more about the fund he built and sold and ended up on a rabbit hole about the prevalence of plagiarism in his videos. This hurts.

[@keoniborge2498]

O'BOYLE RULES!!! O'BOYLE RULES!!! O'BOYLE RULES!!!O'BOYLE RULES!!!

[@C_R_O_M________]

On the BTC front I followed Stahl over at HK and his logic was "I like this idea and I'm willing to place a 0.5% of my portfolio to it (so if things don't go well I'm just losing 0.5%)". That 0.5% ended up becoming a full 12% of his portfolio and him a miner of BTC. That was in the earlier years of BTC. Now that we can all see that BTC is here to stay a 1.5% is relatively safe to invest. I remind you that if all millionaires on the planet bought just 1 BTC each, BTC's price would likely be in the high six figures and that's because it's a by design, deflationary asset in an inflationary world. Gold on steroids I call it.

[@palmtree-e2l]

Agree, I think it's a vital part of any portfolio these days. It's just the percentage may vary. The Frugal Spender Podcast did an excellent episode on this recently, well worth listening to. Ep. 58

[@C_R_O_M________]

@@palmtree-e2l Thanks for the heads up! I watched the whole discussion and I agree 100%. I left the following comment (with an intro which I'm leaving out here): "I'm glad to recognize in your guest the influence of Mises (in his "Theory of money and credit") and Rothbard (from his works "For a new liberty" and "The case against the FED") and perhaps a tad of Hazzlit too. I agree with everything your guest said and I have been saying the same things for years. I also got a few valuable insights. I particularly liked the metaphor of "censorship" in relation to our market decisions. This I'm going to be using onward. On BTC, I started up by following M. Stahl at HK who started supporting BTC from the earlier days with tremendous success. He also ended up being a miner. Unfortunately, I entered and exited like the idiot that I was then (and perhaps now) too soon. I am, however, still invested in BTC but through a European ETN which is of course with a fee and no guaranteed safety in relation to cold storage options. Just some institutional regulatory supervising (in a serious country). On one thing that I have some objections with your guest is his view on equities. If you follow some basic rules of investing when looking for value (or growth) at the end of the day, inflationary or not, (good) companies adjust and devise great strategies to navigate inflationary waters. A 7-8% (not that easy) annualized means doubling your investment in ten years (adjusted for inflation). Compounding works magic and I wouldn't bet the ranch on any single asset. Even in such a decentralized one (and the closest to a "sure bet" there is), which is, atm, BTC. Thanks for the great podcast." Cheers.

[@julianvandercook]

Patrick Boyle, Came for the content and stayed for the memes.

[@andypayne2743]

How do you manage to get a huge star of the rap scene in and all you talk about is finance? The channel has gone Dammo /s

[@narmale]

Im 14½ mins in... had to pause to go throw up... im pretty sure Mr. Boyle could be a politician, i hear alot of key word, alot of promise and hype... But something is nagging at me... idk what... oh well, back to investing!

[@VitaSineLibertatenih]

It's an imposter. Real Patrick lacks smiling function.

[@pavelkoudelka8934]

yeah well, I worked in a bank for a while myself, and it always scared me how important a part of girls' lives was betting, scratch cards and other complete nonsense :D

[@macharlem]

I think Elon and his brother did only have one computer, Virgin Atlantic 🇬🇧 with that 🇨🇦 guy

[@tragicslip]

feels like UK is suffering from energy cost primarily and that exacerbates underinvestment. if US can hook up UK and EURO with cheap nat gas, or some peace in eastern europe breaks out a habit of underinvestment must still be broken.

[@macharlem]

So you didn’t know the price of Star-link before you signed up or it’s Elon’s fault your internet sucks. Oh wait Star-link does have different prices in different countries. So strange that someone from UK would not put in the work to understand that and just complain 🇬🇧

[@richardhunt4576]

Should have waited, sorry.

[@stuartlawler2411]

As an actual business man that builds and designs businesses in which customers come in and buy stuff...this is what disgusts me most about the whole "public company thing"...its just socialism. I have been studying markets and what not and literally every company that has a decrease in profits yet again...then say ah but we closed a department this year so the profit percentage is now increased because we cut lost of our costs at the expense of our core faculties...then the investors are like okay brilliant, lets start buying again!!! And the CEO goes back to firing the only people accountable within the business...the workers...its pure evil. But kinda funny to tricl someone into giving you more money because you made them less money by taking peoples livelyhoods away...then if you really fuck it, they pull the investments and put them elsewhere amd start it over there...evil baby!!! The highest profit margins are in the cobble and stones businesses contrary to what you believe. For example: it is custom to aim for 70% profit margin on food within hoslitality at any level. If you open a coffee shop...15p for coffee 6p for milk and negligible overheads...they charge £3.50 Do the math on 709 cuos a day for a large chain style shop...150-300 for others...and thats just coffee. Actual business models turn profit in the first 6 months - a year 🎉

[@moalboris239]

Ah, the Classic "Profits have went down but Profit ratios have went up." Or as I like to say "We spent two million dollars last year and made ten million dollars back. This year we've spent ten dollars and made back one thousand dollars. Our profit ratio has went up exponentially."