Comments by "Samson Soturian" (@samsonsoturian6013) on "How Money Works" channel.

  1. It's also surprising how many people delude themselves into thinking Wolf of Wall Street is how the system works, rather than a morality tale of degeneracy that ended with the protagonist in prison.
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  2. They'll just research you on their own times and call you with an offer, not an interview.
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  3.  @danielwanger5919  in my professional opinion, roughly 1 in 8 felonies are punished. Meaning it's possible to get away with a lot, but serial offenders are invariably caught.
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  4. Googling... Reports say that party is getting 80% of "campaign donations," it doesn't say it's from Adani.
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  5. I ran a fireworks stand on commission this year. I paid my workers the same they'd get at a grocery store and afterwards I did the math and after expenses my pay was comparable a shift manager. I was drawn in by the small chance I'd get 4 times that if we had a good year, but I'd rather work at a factory than run a store. More money, fewer headaches, no insanely long hours.
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  6. Or Ponzi schemes or their pretty looks getting them on camera
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  7. As God intended
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  8. Not all in, but they always bet on green
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  9. The oldest retirement plan are children that love you
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  10. Statistically the jobs that pay the highest relative to skills required are jobs no one wants to do. I.E. Butcher, plumber, and garbage man. Second place goes to industries perceived as terminally old that are very much not like carpenter, boilermaker, and farmer.
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  11. Adani also very vocally supported Modi back when he was a disgraced governor. I initially assumed allegations of Modi's involvement were political propaganda, but now it seems likely.
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  12.  @pajeetsingh  To be fair, they banned it because stock exchange officials were inside trading, shorting before delisting and such.
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  13. Mute them and do something else on another tab. Then they paid full price for NOTHING
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  14.  @grigorkyokuto7546  Average trade job pays significantly above the average wage where the job is offered. Just because you can't get rich doesn't mean the pay is trash
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  15. That's why an asset manager should forget alpha gains and focus on maximizing efficiency.
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  16. About the company loyalty: The inferior pay might be worth it if you like the job and your coworkers are your friends. I personally bounce around between temp jobs and there is a lot of drama and unemployment involved that isn't fun.
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  17.  @christianrosas8917  the game isn't corrupt, you're just wasting your time looking for patterns where there are none.
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  18. It's politicized investing. End of story.
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  19. That use to be the norm but several things are involved: 1) Having your own house/appartment are a prestige item that most people can afford so they get it even if it makes no sense. 2) Deadbeats often rely on their parents and people avoid that stereotype like the plague. 3) Many Americans end up living far from their place of birth so relying on living in your parents house can limit job opportunities
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  20.  @CyrilCommando  Moving up significantly is near impossible no matter what station you're born into. The son of a farmer might own a bigger farm, the son of a businessman might own a bigger factory, but verticle mobility has always been a myth
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  21.  @zakkart  vhut?
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  22. Either your coworkers are friends they're not. Stupid mandatory fun makes no difference.
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  23. A trademen could easily invest in long term bonds and let his children inherit a small fortune.
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  24.  @TheGreatWasian_  That's widely exaggerated since all the grunt developer jobs I know of don't pay great. They've even introduced basic coding to high schools and it is unclear how much of the bottom tier work can be automated with machine learning software.
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  25. Another thing about VC firms is they seem to be run by people who sexualize wealth. Of course there's a preference for young founders.
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  26. We like them because equity funding hides the insane amount of leverage involved. If we can't see the risk, it must not be there.
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  27.  @MrLense  heck, a lot of Wallstreetbets guys idolize Martin Shkreli ignoring how he ripped off anyone he could and is in prison right now.
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  28.  @meyr1992  Yeah, people who blanket accuse rich people of theft always turn out to be thieves. I know a guy who was deluded that it isn't possible to get rich without crime, and now he's fighting carjacking charges.
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  29. Finding good investments is hard. Finding the best investors is impossible.
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  30. Does this look like India to you?
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  31. It literally wasn't.
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  32. Asset managers don't vote on shareholders behalf withoit specific permission to do so
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  33. That's over an unrelated matter, though.
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  34. I think what you mean is no amount of talent and luck will beat decades of experience and family inheritance
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  35.  @ronblack7870  not just young people. Only new tech is exciting. Also, a lot of machinery work is so specific the only training is on the job training
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  36. Should, but they also don't because one word: Leverage.
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  37. That's a whole different type of bullshit to deal with
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  38.  @ParticularlyBaptist  He's talking about bad advise
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  39. Yes, but India has the same level of honest as cryptobros
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  40. Asset managers favor economies of scale because the overhead is about the same regardless how many zeros you add to them.
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  41. Whose fault is that?
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  42. What's wrong with that? The reason we have many nice things is because the makers have generations worth of knowledge and equipment. I.E. Most farmers where I'm from have tractors built in the cold war, have houses built in the guilded era, and have land purchased in the 1800s.
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  43. It has never not been a thing. Heck, until a century ago it was common for three generations of family to live in one giant farmhouse/townhouse.
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  44. Is that your way of saying you've given up on having sex?
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  45. That's just a heavy Hindi accent.
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  46. Let me break it down: 1. Use shell companies to trade with yourself, buy up all shares, and drive up the share price. 2. Get huge bankloan using shares as collateral. 3. Bribe officials to rig contract bidding in order to buy state assets for peanuts. 4. Pay off the loan and live off the proceeds of other people's labor.
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  47. Correction: Tesla was excluded from ESG because of the "governance" part of ESG where there were lawsuits of varying merits against the company while the conventional auto and gas companies were included because they pay their workers well and many ESG funds have a "best in class" appraoch.
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  48. Yeah, security managers does this too where they'll invariably argue in favor of more physical security as that boosts their status within the company
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  49.  @Peter-du5gw  depends on the trades, though. A lot of big businessmen started out as tradesmen (Sam Walton started out at his father's pharmacy).
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  50.  @KTSpeedruns  No, it's an example of everyday people getting greedy. The same people who demanded bankers go to prison were the same people demanding their extended family members buy houses instead of rent. Yes, people were pumping real estate like crypto back in those days.
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