Comments by "Samson Soturian" (@samsonsoturian6013) on "Wall Street Millennial" channel.

  1. Everyone who wants a Tesla, has a Tesla.
    772
  2. Dogecoin is considered a joke, not a security.
    502
  3. The crazy part is 3d printing has a niche profitable application (custom parts), but gamblers can turn anything into a ponzi scheme
    401
  4. You know it's a bubble when the existence of an industry drains others of capital
    387
  5. Spirit's customers were people taking trips they couldn't really afford. That ended with low interest rates
    269
  6. Should show how out of whack startup valuations were in the era of low interest rates. Imagine valuing a YouTuber with a million subs at 10 million bucks. Anyone who gets paid in shares get stupid rich for a short time, and everyone else gets paid according to reality.
    244
  7. First thing to know about Arabs: They value the prestige of titles and the appearance of power over the reality of either.
    203
  8. You know it's a bubble when there's money to be made in pretending to be in that sector
    201
  9. There's something you're missing: Most lottery winners resume previous living standards within a few years, with many reapplying at their old jobs. They simply blow all the money away on stupid stuff.
    200
  10. The crypto ban makes a lot more sense when you think of it.
    193
  11. The bulk of Macau's GDP is from money laundering. The casinos will allow you to trade chips for any currency you want, and China severely restricts movement of capital out of country. Ergo, a VIP pass means that if you spend a weekend gambling you can move fortunes out of country. Given near two thirds of casino revenue are from VIP gamblers...
    190
  12. I think the ultimate winner is the bank, because while Twitter might fall Mr. Musk can still pay back that loan.
    189
  13. Step one: Announce going all EV. Step two: Sell all shares at absurd highs. Step three: Run.
    174
  14. It's almost as if Evergande's frauds were the norm.......
    152
  15. It sounds like Cathy's team cooked the books for these companies in order to delude themselves it was a good idea.
    152
  16. I think Mr Cuban is right that his success is down to dumb luck. So many millions of young men trying to make it big, it should not surprise anyone that some get to the top without any particular skills.
    150
  17. "Buy state owned land." Correction: The Chinese government in China owns all land. They lease it to people for 30 to 70 years at a time.
    135
  18. They went from not having crypto, to being the biggest bitcoin miner, to banning crypto in a few years. And that should tell you just how volatile CHinese markets are.
    128
  19. Correction: Hedge funds don't necessarily try to beat the market, but try to stay 100% uncorrelated to the market (hence the name). Of course, the ones that do beat the market see massive capital inflows so...
    126
  20. A major factor is Chinese people have higher regard for American brands than Americans do. Office workers are known to put tea in old Starbucks cups just so people will think they're modern and sophisticated. Apple's success in China is just because for many years they were the top brand in America even though most Americans opt for lesser known brands with acceptable performance and lower profit margins.
    125
  21. Stop advertising art as blue chip. There is no such thing.
    117
  22. Let's take a moment to recognize how awesome the name Hindenburg Research is for a activist short selling hedge fund.
    115
  23. The defendant has a very unfortunate name...
    115
  24. Where I'm from we call this the Stupidity Tax.
    100
  25. Correction: Many gas stations operate without staff present while the convenience store is closed at night.
    98
  26. How can it be worse? We all knew the company was a total scam
    96
  27. Oddly enough, Melvin's investors have more faith in management than the management does. Loss depression is real... Also greed, since everyone involved wants the other guy to swallow the bill.
    94
  28. Traditional radio has a similar fate. We still have all the equipment so they might as well use it for something.
    93
  29. I love the "told you" moments like this in markets. It shows how many systemic problems can be anticipated and corrected, but aren't.
    92
  30. To be fair, most of these AI companies are still fundamentally profitable electronics manufacturers and R&D firms. While they aren't worth what people are paying, they aren't zeros like crypto and collectables.
    91
  31. Parts are hard enough to find with mature firms.......
    86
  32. Private equity has grown exponentially over the last couple decades, but it has collapsed in the last year with most funds making no new investments. Turns out the returns, risks, and fees were identical to crowdfunding.
    78
  33. I already pay for YouTube Premium, I am not paying extra for what is mostly the same channels
    77
  34. Very ponzi
    76
  35. Mr Patrick Boyle on his channel pointed out that realizing this gain would be impossible for Mr Hwang. The same trick that allowed him to pump the stock would also crash the stock if he tried to sell. In the end, it seems Mr Hwang wanted the "high score" in some kind of game.
    73
  36. Finance YouTubers aren't your friend either, but here we are.
    73
  37. Retail traders... Institutional traders... The only difference is if you're betting your money or someone else's.
    71
  38. You're not a very good fraudster if literally all your schemes get busted before you cash out....
    70
  39. A ban on chemical fertilizer reflects the degree of incompetence Sri Lanka is dealing with.
    68
  40. I doubt many people genuinely believed in his charity. By the time he came around, the only people that hadn't muted crypto scammers were other crypto scammers
    68
  41. Correction: Qatar's GDP per capita are misleading simply because a large section of the country does not officially exist.
    67
  42. Japan doesn't count as foreign ownership.
    66
  43. 7:20 To elaborate on why hydrogen is expensive, due to the laws of physics it will always take MORE energy to separate oxygen and hydrogen than you get from combining them back together. On top of that it's the lightest gas ever and becomes liquid only near absolute zero, so you need big and heavy gas tanks to hold it. This is why we don't even use hydrogen to launch space rockets anymore as a highly refined jet fuel will do and it's cheaper and much more energy dense.
    65
  44. SBF bailed them out so he could seize their assets for his own purposes.
    65
  45. NFT were never a real world use case
    63
  46. Something the video left out: At trial it would come out the politician managing this wasn't very bright. He was personal friends with an investment banker and would buy any product offerred. The investment banker assumed the politician knew what he was doing because of his office.
    63
  47. Narrow profit margins, lots of established competition... What were they expecting?
    62
  48. Absentee management appears to have been an issue. The travelougues the producers made were great, but who was doing the mundane stuff?
    60
  49. Daughter of a Stamford Professor working for an investment bank? Yep, fraud.
    59
  50. That's ultimately what market bubbles do
    59