Comments by "Kevin Street" (@Kevin_Street) on "The Plain Bagel" channel.

  1. Thank you for another fascinating video. I love the way you lay out each argument in a clear style, it's so much easier to follow than a lot of the informative channels on YouTube that are more focused on trying to keep the viewer's attention. Some of your Bitcoin arguments are familiar to me, and some of them are new, but they were all really well presented and interesting. Thanks again!
    32
  2. Thanks for another excellent video, Mr. Bagel! It's easy to see the appeal of using a mysterious, intelligent sounding black box to make stock market trades. In our modern world we're conditioned to think of computers as infallible, even when they're not designed to do the thing we want them to do. It's like using your refrigerator to clean your clothes, but people don't understand that because they don't know how ChatGPT works. I hope your video helps people understand the difference. You explain everything very clearly. Actual algorithmic trading is, like you said, a volume business. Lots and lots of high volume low profit transactions. Nobody who has to use a broker and pay transaction costs for each trade will ever make money that way, even if they happen to have a black box made for the purpose.
    25
  3. I know nothing about how the Tupperware company is run, but they do make a good product. Here's hoping the company can turn things around.
    20
  4. Melvin Capital says they're out of GameStop as of today. It isn't clear just who is fighting the Reddit army at this point.
    15
  5. Thank you for another fantastic video! It's very educational. But I wonder if you could do a video in the future focusing more on the Canadian experience of the Great Depression. Was there anything we did to make the effects worse than they would have been otherwise? My dad used to tell stories about Bennett Buggies (cars pulled by horses because the owners couldn't afford to pay provincial gas taxes), and how William Aberhart (the premier of Alberta) thought he could somehow print his own money and give it to Albertans (he couldn't, but it got him elected), so I know there were all sorts of crazy things going on here in the 1930's.
    14
  6. Thanks for this great video! You do an excellent job explaining what NFTs are and why people are currently buying them. Like you said it's not just about scarcity, there also has to be demand. And demand for collectibles is a fickle thing, particularly in a space like NFTs where the sheer number of different collectibles can increase without limit. It's very much a fad at the moment, and when the mania dies down most of the NFTs will end up being worthless. But there are some legitimate NFTs that might survive. I recently heard about a comic book artist who makes NFTs of his art. In the comic book industry publishers pay artists by the page, so it's hard for them to earn a steady income. But traditionally artists have had the opportunity to supplement their income by selling the actual paper artwork they produce to collectors, after it's been used to publish the comic. Unfortunately artists who work entirely digitally have never had this option, until now. For them NFTs represent an opportunity to regain that lost income stream. I think that's the kind of NFT that will retain some value after the current fad ends, because it's a close copy of an existing paper collectible. There's already a proven demand for the artwork.
    12
  7. Thank you for making this video. I'm interested in investing but not very knowledgeable about it, so I find your advice extremely helpful! Warnings are just as useful as positive advice. Maybe more useful overall.
    11
  8.  @stupidmonkey151  It's illegal but keeps happening. Maybe not after this, though...
    10
  9. I'm sorry you have to deal with this. If I see any of those scam comments I'll flag them.
    9
  10. This was really fascinating! Thanks for making the video! We need more education on our own financial history.
    8
  11. They probably won't bail out Evergrande because they want other companies to take their "3 red lines" seriously. The worst offender will be allowed to collapse, so that other companies will understand the importance of the policy and do what they can to limit new debt.
    8
  12. Wow, that was a remarkably thorough discussion of the topic! It's really cool to try and follow what you're saying, though I'm afraid you lost me with the arbitrage stuff. I definitely understood your major points, though. Is it possible that passive investing in the form of index funds may grow to become more of a problem in the future? If it really is a good low risk kind of investment, more and more people will probably get into them over time. Surely that will have a larger and larger effect on the price of stocks in the indexes.
    7
  13. Thank you for another great video! Multiples are a concept I've had trouble with in the past, but your explanation makes it very clear.
    7
  14. Thank you for this excellent video on the Evergrande situation! I've been watching different videos on this as the event has unfolded, and yours is really a model of clear explanation and useful information. Very well done. As for Evergrande itself... Over on Patrick Boyle's channel he says it looks like the Chinese government is going to let the company fail - but slowly, with the government making sure that in-construction buildings are finished and employees paid for their work. Basically they're going to try to limit the chance of contagion within the Chinese economy. It isn't known yet if the Chinese government will prioritize the repayment of Chinese debt holders over foreign ones, but even if they do... I think it's like you said in your video. China just isn't connected to the world economy in the same way the United States is. The failure of Lehman Brothers shook the entire world, but the slow motion collapse of Evergrande probably won't spread much beyond Asian markets. Imo anyway.
    6
  15. I'm genuinely impressed by the bagel painting. It's even framed!
    6
  16. Thank you for this video! It's really informative. I've got a feeling I'm going to be rewatching this one in the future before making major decisions.
    6
  17. Thank you for this video! It's very relevant to my interests and really well made!
    5
  18.  @gzer0x  More like a southeast Asian work culture, where you're expected to go out and drink with your coworkers. Then go back to the office and work some more.
    5
  19. Thanks for another great video! It helped me feel a little better about this stressful time. Seems like the best strategy right now is to just wait for an upturn. Hold on to your investments and don't sell.
    5
  20. Thanks for another really interesting video!
    5
  21.  @BasicName02  Exactly. You've gotta have the gift of gab and the ability to leverage your social network to make the best connections.
    5
  22. Ways to "game" the system and have enough money when you retire: 1. Start with a lot of money and let it grow into an even bigger pile. (Not an option for the vast majority of people.) 2. Start to invest as early as you can, and keep as much invested as long as you can. When you hit 65 you don't need to zero out your investments. You might make some major withdrawals to pay for things like dream vacations, but the rest of the money can stay put and keep compounding so it's there for you when you're 75.
    5
  23. I've got the popcorn!
    4
  24. This is definitely (imo) part of the story of Nortel's demise. It's a fascinating story in its own right that needs to be more widely known. But the financial mismanagement was the main reason Nortel fell. If they weren't already so weakened by that fraud, Huaiwei's espionage wouldn't have had such a devastating effect.
    4
  25. Thanks for this excellent video! It's a great example of what makes your channel special. Personally, I have no idea what's coming. It would be wonderful to have that kind of information, but there's so much going on simultaneously right now in both the business and non-business worlds it's impossible to make any predictions. Imo, anyway. I'm just hanging on and hoping my investments are diversified enough to take advantage of whatever happens next.
    3
  26. "Don't answer that, Craig!"
    3
  27.  @ChibiDeadPool  I think his name might be a clue.
    3
  28. Thanks for putting out the new video! It's always interesting.
    3
  29. https://www.facebook.com/ComedyCentralANZ/videos/key-peele-genius-plan/1889491684596106/ "Now I know this is foolproof! Check this out. First of all, you and me, start workin at the bank..."
    3
  30. Thanks for this new video! That was really interesting and educational. I don't know enough to have an informed opinion on this, but I hope they can bring down inflation fairly quickly and return us to smoother economic sailing soon. A short recession might be worth it if that's the price for avoiding the specter of stagflation. From my perspective we've already been in a recession since at least January anyway.
    2
  31. Thanks for the new video! I think this one will just be for educational purposes, though.
    2
  32. Congratulations! And thank you for all the financial stuff you've taught me.
    2
  33. I've been following this story the way people used to watch the OJ trial. It's absolutely riveting. You make a good point about how institutional investors are probably in the mix, but if anything I think that highlights the importance of the wallstreetbets retail guys even more. This is happening because they started it, and it wouldn't have happened without them. So maybe we're entering an era where retail investors can easily gang up to make something move, and the algorithmic traders will swing in behind to help them like robotic backup.
    2
  34. Thanks for this video! It's a very important issue that we all need to be thinking about. I know the big takeaway from the video is that we shouldn't pretend we know what's going to happen, but I'm gonna make a short term prediction anyway: the virus is going to decline throughout the warmer months until at some point it becomes a low level problem and most people decide that it's over. Lockdown restrictions will gradually ease as the infection rate declines, until at some point in the summer we have things like movie theaters and restaurants again. The big question, and the real unknown, is what will happen in the fall when it gets colder in the northern hemisphere and the days start to get shorter. Will the virus come back for a second wave? If it does, how will the economy handle it? Will we be better prepared the second time and more effective at limiting spread, or will there be an even bigger economic collapse as companies that are hanging on by a thread finally give up at the prospect of a second lockdown? Or will nothing happen at all? Fall and winter are the real second act of the disaster movie we're all currently living through.
    2
  35. Those are good points.
    2
  36. Thank you for doing these videos! They're both very interesting and extremely useful.
    2
  37. Thank you for this video. I saw the first one, but I really appreciate this more in-depth return to the topic of stock options. Especially the part about the downsides!
    2
  38. Thanks for the new video! You explain it all very well. I like dividend stocks because they makes things easier. I don't have to worry about the value of the stock, or what's happening in the market as a whole. No putting off a sale because the market is down and going without income for who knows how long. The dividends just come in and that's that.
    2
  39. Thank you for the overview. It's always good to hear your opinion on things.
    2
  40. To me, it seems like dividend investing takes a lot of willpower. You have to be able to take those checks and reinvest them for years and years and not use them to get something you need or want today. That's not a criticism, it just seems like it takes a very disciplined person to really succeed that way.
    2
  41. This is a very good video! Thanks for making it, and please rant away whenever you want to. Actually I always thought that the goal of investing for most people is to have enough money for retirement. Like you said, saving as much income as possible is the foundation of any kind of future prosperity, but with interest rates so low and bank fees so high just putting money away isn't enough. You have to invest those savings intelligently so you can have as high a net worth as possible when you turn 65. That might not make you "rich," but if you have no financial worries after you stop working - and have enough money to make old dreams come true like home renovations and fancy vacations, that seems close enough.
    1
  42. Thank you for another very educational video!
    1
  43.  @colinmurphy2214  I have no idea if it's true, man. None at all.
    1
  44.  @Yurothehotot  Good point.
    1
  45.  @teemumiettinen7250  Good point. I see what you mean.
    1
  46. Thank you for this informative and useful video! It really is good advice. As a mostly passive investor I guess I'll just stay put and ride this out.
    1
  47. Make it rain bagels!
    1
  48. Seems like greed has been impatiently waiting for another chance since 2008.
    1
  49. I like kombucha, but with what they're charging for it now it's cheaper just to brew your own. Anyway... "...and in a way it shows some of the consequences of having a prolonged period of low interest rates. Not only can unsustainable companies last longer, given that the cost of capital is so low, so they can keep fueling their losses, but the investors who provide that capital tend to be less diligent..." Way less diligent, and way more inclined to fall for the latest conman. It's weird, though. I don't think Adam Neumann started out wanting to be a grifter, he really did want to change the world. But there was so much money out there and it was so easy to get, temptation eventually lured him to the dark side. I mean when SoftBank is just throwing billions at you like you're a stripper on Friday night, it must be really hard to say no thanks. We don't need that much yet.
    1
  50. Very good advice. It reminds me of Isaac Newton: https://www.businessinsider.com/isaac-newton-lost-a-fortune-on-englands-hottest-stock-2016-1 He was invested in The South Sea Company - the, uh Tesla of that time. When the shares went up in price he cashed out and made a nice profit. But after they kept rising he got back in big time and lost a fortune.
    1
  51. Thank you for doing this new video! I'm going to watch it a couple of times to make sure I understand everything.
    1
  52. Thanks for another great video!
    1
  53. Excellent video. Thank you for posting it. I like Tesla, but its stock is clearly caught in a bubble at the moment. Tesla is a fundamentally good company that would be a good investment at a normal time, but right now Tesla stock is massively overpriced and due for a correction.
    1
  54. Wow, what a great video! Thank you for a very comprehensive and fair discussion of Masterworks. I learned a lot from this.
    1
  55. Congratulations Papa Bagel! The growth potential of your new investment is unlimited. And thanks for all the awesome videos, too.
    1