Warren Buffett, Dave Ramsey, and John Maynard Keynes Are Wrong!

Warren Buffett, Dave Ramsey, and John Maynard Keynes Are Wrong! | Mark Thornton

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Күн бұрын

Пікірлер: 70

@billmelater6470 Ай бұрын

Imagine how much easier retirement would be if you didn't have to gain ahead of inflation and hope it doesn't ramp up after you stop working.

@jobob47 Ай бұрын

sadly we live in a world where the main currency loses value on a daily basis. so, yeah, fixed pensions are not going to keep up.

@ThomasJJacksonVA Ай бұрын

Over the past year, spot gold has appreciated 41.8%, while the DJIA is up 19.2%, the S&P was up 27.7% and the NASDAQ is up 31.5%. Of course the NASDAQ yields roughly zero, the S&P yields 1.4% and the Dow yields 1.8%. So over the last year at least, Buffett’s complaint about gold's lack of yield is pretty hollow. James Grant’s comment is correct. “Gold is a bet on the incompetence of Central Banks.” And given American Central bankers over their entire history from the beginning of the Fed in 1913 (whose incompetence triggered the Great Depression in 1929), that's not a gamble. It is an absolute certainty.

@thucancook2090 Ай бұрын

Buffett does realise that gold has positive returns over long term, yet when he talked about yield, it meant earning yield of a security (i.e. total cash flow a security can generate over a certain holding period), not its appreciation in saleable value

@Rainy_Day12234 Ай бұрын

Buffett is an example of who benefits from government interference of markets.

@YankeeStacking Ай бұрын

Well said. 👌🏼

@123catz Ай бұрын

Didn't know you listened to mises. Live your channel Yankee!

@sylvarogre5469 Ай бұрын

It appears that when people want to buy something, they speak to lower demand, and when they want to sell they speak to increase demand. In either case, it is better not to believe the hype.

@tuckerdixon8032 Ай бұрын

I appreciate the video! Mises U forever

@GoldAndSilver988 Ай бұрын

I have no net worth-no positive net worth, that is-but still like gold, lol.

@ewinslow822 Ай бұрын

What's holding you back?

@derumweger1590 Ай бұрын

You need self-worth not net worth. Everything else is Rhetoric.

@jeffmorabito10 Ай бұрын

I've read the book! Yea it's an important read

@goldenplayroblox5985 Ай бұрын

Nice to see mark thornton

@DrProgNerd Ай бұрын

How much gold is the Fed holding - and why?

@CarrotCakeMake Ай бұрын

Good thing calling them out for just being socialist propagandists. This needs to be said more.

@rabokarabekian409 Ай бұрын

Yep, sure, Kapitalists are infamous for being socialist.

@BlackJesus8463 Ай бұрын

@@rabokarabekian409 With lobbyists and everything.

@cryptoemcee Ай бұрын

It's Great with video, thanks, Mark.

@thorn421 Ай бұрын

This guy knows what he's talking about.

@DariusExplains Ай бұрын

Gold is a hedge against inflation and near universally valueable but Gold returns are beating the stock market. Turn off the Nostalgia goggles.

@iAmGIG Ай бұрын

Hard assets, gold and sliver, and Exchange.

@BlackJesus8463 Ай бұрын

Yup! They cant pay for their bs without fiat.

@mikhailkalashnikov4599 Ай бұрын

A safe deposit box would be the absolute last place I would keep gold (if indeed I had any). The affects of inflation are one thing, but you've got a general lack of trust in govt that'll be like rocket fuel for gold at some point soon. I will definitely be saving to buy some gold.😉

@derumweger1590 Ай бұрын

How soon?

@mikhailkalashnikov4599 Ай бұрын

@@derumweger1590 Gold's up 44% on the year, how about now?

@BlackJesus8463 Ай бұрын

@@derumweger1590 Ask Putin.

@jimlahey8312 Ай бұрын

Bitcoin is better

@BlackJesus8463 Ай бұрын

Bitcoin is a crime against humanity.

@Robert-e2h9z Ай бұрын

Say OOOM BUBBA COW 😅😅

@NickGore Ай бұрын

I own gold because I'd like to have some savings set aside and thanks to inflation holding on to cash is a waste. I don't want to be forced into a position where I spend every time I have because I fear it losing its value. Thanks to monetary metals I can have gold to keep the purchasing power of my cash alive and earn interest on it.

@jeffreygoss8109 Ай бұрын

So you begin with stating everyone is wrong about gold being an investment than state it is money? Gold isn’t an investment. It is an insurance that over time maintains purchasing power. I think Jim Grant is correct.

@ewinslow822 Ай бұрын

It is not insurance either. Insurance involves a contract to cover losses, which doesn't apply. It is the most reasonable unit of account IMO. That is, you should evaluate your business profits and net worth in gold terms to tell if you're making actual progress or not. And you can do this even if it is not the common medium of exchange.

@mcephas6982 Ай бұрын

It is insurance, in a dictionary definition sense of the word, meaning protection against something. It isn't a contract, or policy, sure. It's protection against the devaluation of the dollar or fiat currency. You could also view it as a form of savings.

@ewinslow822 Ай бұрын

@@mcephas6982 sgtm!

@BlackJesus8463 Ай бұрын

Gold is money whether its recognized as legal tender or not.

@BorselinoThadchack Ай бұрын

i was thrown off by your video, as I listen to you regularly, but I never knew what you look like. For some reason your voice calls for a professor in glasses lool

@maxwellfelix Ай бұрын

A video that begins with an appeal for donations and proceeding to critique Buffet on investments is just ridiculous. I agree that government should not be in the business of creating “money” but even in a pure gold economy the wealthy are not those who just horde gold but rather those who own productive assets which generate products or services of value which woild be exchangeable with gold. I have near perfect agreement with ideas from Mises U but promoting an idea rhat would just relatively impoverish your audience is something I wish you would reconsider and avoid. Even Buffet speculated in precious metals once (silver) but there is no way he could have compounded wealth by just holding gold. If it made sense there would be an example to point to (a multi billionaire who did it)

@BlackJesus8463 Ай бұрын

Every great civilization in history got rich on gold.

@BettySueBenson Ай бұрын

The key is risk analysis. The markets are and has always been unpredictable. Thus the important point is not how much one might make but what one could lose. trading and holding on speculative stocks/Crypto and even great stocks can test ones ability in the arena of our ability to control ones loss aversion bias…buy high sell low…The market is overvalued by almost all measures like the CAPE and Buffett indicator. Speculation is high with things like meme stocks (are they dead yet?), our kitty dude, Ai dreaming and all.... It is all about how much one can lose during times like these. Does that mean don't invest, of course not but one must access the risk and have a way out if the tide goes out.....I've been engaged in active trading and managed to grow a nest egg of around 2.6B'tc to a decent 24B'tc....I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

@Adam__0Breneman Ай бұрын

Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate

@SamMcNaughton01 Ай бұрын

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

@JacquelineCain-q6i Ай бұрын

The internet is filled. with so many useful information. about Adriana Jensen.

@TaylorMorton-j2n Ай бұрын

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

@PriscillaFleet Ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

@derumweger1590 Ай бұрын

Investment is the process of putting out money today to get more money at some point in the future. There is no distinction between Gold & Dollars as money, nor is one necessary.

@BlackJesus8463 Ай бұрын

Did you even watch the video?

@derumweger1590 Ай бұрын

@@BlackJesus8463 Sure did. Pure politics. Says nothing about valuation.

@MengerMania Ай бұрын

No one can say whether anyone else is either right or wrong about investment decisions. Only individuals, always and everywhere, determine value preferences. To say otherwise contradicts the subjective theory of value. A self-professed Austrian should take more care in expressing his personal preferences. We cannot win the fight against the state if we do not separate personal preferences from market prices.

@John-c4r1o Ай бұрын

Gold isn't really an investment if it doesn't produce a cashflow, it is speculation in a strict sense.

@mcephas6982 Ай бұрын

It isn't speculation. It's just money and a commodity. Whether people speculate on the future value of something doesn't make that very thing itself 'speculation'.

@ewinslow822 Ай бұрын

@@John-c4r1o is holding USD a speculation too?

@lpoplpop-hr1jt Ай бұрын

MM, I would agree with you except for this obvious fact: individuals, while unpredictable in their 'values', move in herds, whose 'values' over and through time can be observed, studied, and used profitably. I have. In other words, I 'value' the reliable behavior of crowds, whose spurts of madness become my banquet of opportunities.

@MengerMania Ай бұрын

@@lpoplpop-hr1jt Herds consist of groups of individuals. The individuals in the herd simply value following the "leader" over working out their own direction. Herds will surprise you when either 1) the leader suddenly changes direction or 2) the individuals in the herd decide to follow a new leader. You cannot escape the discrete nature of individual humans.