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

  1. The remaining firm appears to be legit, but to make vehicles profitably you need robots that are expensive. Maybe they should just sell parts rather than completed trucks
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  2. Chinese steel is actively diluted. There are videos circulating of construction workers breaking inch thick steel with their hands. The worst steel is sold locally in China where no one cares, but the stuff they export is still not up to specification
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  3. How can you talk so much but say so little?
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  4. The ultimate problem with gig economies is there's simply very little money in it for the workers. Also, for many online gigs you're competing with people from turdworld states who are content with grocery money.
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  5. Get real. There's definitely a lot of weed hidden in there.
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  6. Not in Nigeria. For instance, their oil exports are a fraction what they could be because people often risk their lives to steal buckets of oil. Most of the refining is in unlicensed open pits and the government simply fines foreign firms for the pollution created by criminals. You have to fight to stay profitable in Africa.
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  7. Quite the clickbait title.... And it's not a transfer of poor to rich. It's a transfer from the gamblers to the racketeers... Like a literal casino.
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  8. You can fake GDP statistics, but you can't fake the return of a broad passive index.
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  9. It's called a bubble within a bubble.
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  10. Fun fact: The Russian "Cossack" comes from "Kazakh," meaning "nomad." Eventually Cossack came to mean something like "cowboy" and many Kazakhs are Cossacks.
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  11. 4:00 Shorting volatility is like picking up change from railroad tracks. Super profitable, as long as you can evade the oncoming train.
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  12. Chinese stocks are like Detroit real estate. It's cheap for a reason.
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  13. Guys, it's the same "Move fast and break things" approach to technology that it has always been. It's just this time it's cars.
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  14. It's a winner-takes-all business. Any tiny hiccup in the early days could make them lose to the competition
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  15. When you try to disrupt economics, usually the only thing disrupted is your payroll.
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  16. "Inflation reduces the value of their long term debt without them having to do anything." I just realized Inflation is a net positive for me and my student loans...
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  17. It's pronounced Raik-YAH-vik. In Icelandic the J makes the Y sound and the Y makes the J sound.
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  18. Japan's bubble had a lot to do with how unrealized capital gains could count as corporate income. Combine this with how Japan is a nation of savers with most companies owning shares in other companies. So people bought based on good earnings, which made everyone else's earnings rise, and repeat.
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  19. Correction: Hundreds of thousands of views doesn't mean tens of thousands in revenue. It depends on donations, sponsorship, and merch sales which varies as wildly as views do. Frankly, this is why YouTubers aggressively monitize because there's high risk even if you are making money
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  20. Napoleon Bonaparte once said, "Do not ascribe to malice what can be adequately explained by incompetence.
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  21. Argentina was always like this
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  22. To be fair, it's the same waste of money that real sports are.
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  23. Cramer wasn't a ponzi schemer
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  24. Can we all appreciate how ironic that a guy who grew up in Soviet Union is running a company called Robinhood?
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  25. Ancestry makes money
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  26.  @davidanalyst671  bagholder detected
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  27. I have a hard time understanding why some people compulsively spend tens of millions a year. What costs that much that you'd risk jail time or bankruptcy to get it? Maybe I'm just too use to living modestly...
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  28. Most of it is going to the grunts. Until this year, wages did not keep pace with inflation for obvious reasons.
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  29. Anyone else notice Buzzfeed behaves eexactly like a really bad YouTube channel?
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  30. It's called incompetence
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  31. Shorts cost money and SPACs are volatile.
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  32. It's office space war tactic. If you don't like one office and can't get rid of them, you form another with overlapping duties stuffed with cronies.
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  33. Never trust a CEO under 40!
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  34. Yes, this is the same Andrew Left that shorted GME.
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  35. Insider trading is like weed. It's fast money until you get caught.
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  36. I think that guy has a professional photoshop those glamor shots of himself. His chest and arms are bigger in the photos than in the live interviews
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  37. Not necessarily. An earlier ruler once threw away a truckload of silver at a random construction worker who did a hilarious stunt. That construction worker was Mohammed Bin Laden.
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  38. This isn't a matter of sophistication. The SPAC sponsor is incentivized to make a deal, any deal, and investors are really trusting.
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  39. A major flaw in the business models of these new restaurants is they assume Americans will like the new exotic foods they're selling. In the real world, Americans are naturally more inclined to Mexican food than Greek food.
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  40. I've met some of these guys. Their defense is delusions of organized priced fixings. They'll tell it to all sorts of people without being asked as if it doesn't look suspicious at all
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  41. They closed that many stores and only had a 1% sales drop? A lot of stores were really boring places to work, apparently. Then again, even videogame reviewers like Gameranx said they rarely ever visited the place and when they did they realized they could have bought it all online.
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  42. Saudi Aramco is foreign operated and is losing money
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  43. I wouldn't call ponzi schemers corporate welfare, but yes he did get subsidized by fools.
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  44. Is it just me or are old rich dudes too eager to go all in with companies seen as young and hip?
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  45. 3:10 Correction: A lot of people besides hedge funds were shorting GME. The whales were simply a handful of hedgies.
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  46. They have a Roaring 20s and Great Depression cycle every decade or two.
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  47. Ha! The politicians totally took their money and gave them nothing
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  48. There's no price point you can sell those at and make a profit
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  49. If you look at the competition you want to displace and see it is mostly highly local owner/operators, there might be a reason for it
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  50. With fridge renting the seller is pricing in all the people that can't/won't pay/return
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