Comments by "hedgehog3180" (@hedgehog3180) on "The Plain Bagel" channel.

  1. I'm starting to suspect that venture capitalists don't know what numbers are.
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  2. 13:10 Ah yes because you can obviously just start working as an engineer right out of high school.
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  3. I really do not understand how rich people have any money left when they keep making decisions this stupid.
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  4. It's generally easy to promote a scam when you've convinced your audience that they can't trust anyone other than you.
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  5. That's kinda how it works already, private collections will regularly lend art works out to museums, partly with the goal of marketing said art work so it can be sold for more. Of course the museums themselves could never function as a broker, do I even need to go into all the potential ethical issues of a public educational institution soliciting donations from the public and trying to make a profit?
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  6. Isn't he really calling on people to counterfit?
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  7. It's like these people have never learned what a social construct is.
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  8. @Gojkira I have literally never had issues making international payments so I have no idea what you are talking about.
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  9. Plus NVidia just has an incentive to try to maintain growth in the AI sector in general.
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  10. Why would you trust the CEO of an investment firm bragging about how much influence his firm has? He is very obviously playing this up to appeal to potential investors in his own company by going "hey look if you give your money to me I'll get the companies to do what you want".
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  11. There's actually a couple of free online games that let you do this if you just want to play around.
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  12. Isn't that effectively the same as hating your job?
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  13. His videos aren't quite as good as Dan Olson's videos bit they do feel like a follow up or sequal of sorts since they cover everything that happened after “This Is Financial Advice” was released. Especially his video on BBY.
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  14.  @danielhale1  That was promoting a product though not a stock.
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  15. Life of Brian but it's about stocks since that is essentially what happened to Keith.
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  16. This feels like it should be illegal, like I don't know how running a marketing campaign aimed at retail investors could ever be justifies.
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  17. The reason why VPN ads talk about security is because they can't legally say that it's actually for piracy.
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  18. Well in my very basic understanding of things shorts do kinda correct bubbles. Short sellers make money if the value of a security falls faster than the market expects it to, not just if the value falls in general since when you lend a security to a short seller you charge them a fee based on how quickly you expect the value to fall. This means that short sellers can only really make money if the market is overvalueing something and that means that simply by going short on a position you're communicating to everyone that you believe that this security is overvalued and you are willing to bet money on it. That simple act can cause the valuation to correct downwards and perhaps pop a bubble before it becomes catastrophic. Now that didn't happen in this case and y'know the short sellers did make money off of everyone's misery but tbf they didn't cause it. It was caused by the financial system and they just spotted it and used the opportunity, that makes them more morally grey than anything. But shorting definitely isn't evil since it's essentially the only self correcting mechanism that exists in capitalist markets, but it's clearly not a very functional one.
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  19.  @Davidsworldtravels  Those kinds of responses is exactly why it's funny to pretend that you can't tell the difference. It's completely inconsequential what brand a car happens to be yet for some reason people care a lot about it.
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  20. I think it's regression to the mean not reversion to the mean. In this case regression refers to the regression formulas used to match data points to a function.
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  21. You also will never “fight” hedgefunds on the stock market, that's simply not how it works.
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  22.  @Hatchet-Jack  How can you blame them when their bank advisors told them that they could afford it. This is like blaming the victim of medical malpractice for trusting the doctor.
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  23. I mean experts in every field say this about their own field, so I think it's just that nothing is actually all that intuitive since if it was we wouldn't need experts.
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  24. Imo VPNs are pretty harmless for youtubers to advertise. They overpromise sure but they aren't scams so that's just normal marketing.
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  25. I think the reason I like your channel despite not caring about investing myself and generally finding most of finance to be offputting is that you actually treat this like a science instead of some mystical thing where you need a gifted insight or something. This video really high lights that since it's essentially a long explanation of correlation not equaling causation since you point out that just because you were more negative about a position that eventually crashed that doesn't necessarily mean that you correctly predicted why it crashed.
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  26.  @aname4390  The day that the price doesn't rise enough to justify the earlier investment.
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  27. Especially since the only thing meme stock cults have achieved is an even bigger transfer of wealth from the lower and middle class to the richest people in the world. They aren't actually changing the world in any meaningful way other than making it worse by spreading conspiracy theories.
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  28. 13:14 Why were all of those mining companies? Is there something particularly shady about mining stocks?
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  29. I feel like Masterworks is deliberately capitalizing on the stories about the art market being used to launder money and that a lot of art is a scam that went around a couple of years ago. Whenever there are stories like that there'll always be some people who want to get in on it. Those stories seem to have been somewhat exagerated for headlines though or it's just because they came from people who cared a lot about art and were understandably outraged at what they saw as misuse.
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  30. I got an ad for an AI based scam right as the segment on scams started lmao.
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  31. In capitalism everyone benefits from a bubble until the bubble pops so no one is ever going to stop it before it becomes catastrophic.
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  32.  @andrewmichieli1760  Well he can't really focus when he's being blurry.
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  33.  @coffeecat8826  Ask your bank.
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  34.  @Magic_beans_  And you shouldn't believe anyone who uses pseudo-socialist rhetoric like that but isn't willing to take actual political action.
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  35. The reason people use crypto currencies as an asset is that they're all designed to act like assets rather than currencies. They're designed to have a set limit on how much currency can be issued and thus the value of the currency can basically never fall and thus no one will ever use it as a currency because the best investment is to simply not invest. That's probably also why crypto is so filled with scam, a large part is definitely a lack of regulation but the other half is that only scams can make enough money to justify actually trading away a crypto currency.
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  36. You realize that plenty of companies have equally large reserves right?
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  37.  @TheBashar327  It's a bit insane to act like people lying on their mortage applications could actually be responsible for a crash. Banks have an extremely easy time investigating this kinda thing so even if some people did commit fraud it probably only succeeded because the banks were motivated to not investigate. Like it's simply not that hard to find out what someone earns, you literally just have to call their employer, and there's also credit ratings and bank balances that the banks can easily check. Blaming this on regular people commiting fraud is like leaving your car unlocked parked infront of some mall at night and then getting mad when your insurance won't pay you when it inevitably gets stolen.
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  38. How is DeFi more accessible than regular finance? To participate in DeFi I need to at a minimum buy a computer and pay for the power uses to run it. In order to start my own bank I at a minimum need a safe place to store money, some paper and a pen.
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  39. ⁠ @hewhohasnoidentity4377 Potatoes provide a greater service to society though by being very tasty and deserve the recognition.
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  40. That's only true if you live in a country like the US with a legislature that was designed to be inefficient.
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  41. Do you not understand how a short position works? You can't hold them for an infinite ammount of time that'd create an infinite loss.
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  42.  @pomp4401  How so? He pointed out that crypto is a risky investment and the massive price volatility on crypto seems to have proven him right.
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  43.  @no_name-zo1hy  Who could possibly have forseen that acting like a tech startup in the finance sector could have negative consequences.
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  44. This goes for many things in life. The truth is often boring.
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  45.  @freddy.st16  That's not really how this works, any company that's large enough will be “too big to fail” not just the banks. For example it's well known that US military contracts are in large part awarded to keep the various defense contractors alive and the quality of the offering isn't that important, especially since there's rarely a huge difference anymore. This is just the inevitable result of capitalism, the state is reliant on a mostly stable economy so that tax revenue stays stable and social issues don't get out of control and that means that the state can be forced to keep a large company alive to avoid chaos. The only real difference is that in the past when a large company failed it would get brought out by the state and become nationalized instead of being bailed out and allowed to keep running as a private company.
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  46.  @meneldal  I don't really think that private credit ratings agencies can ever really work. It's simply impossible to correctly align their incentives when the ones they're rating are their customers. Regulations can only serve to curb this problem not fix it since it simply will always hurt the business of a private credit ratings agency to be honest and fair.
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  47. Seperating into BlackRock and Blackstone while having near identical logos is just so hilariously uncreative, like could they not afford to hire a PR firm for some rebranding?
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  48. Mind you he's absolutely selling a brand there. It's a lot like when you hear about those kid geniuses where it's specifically their age that is being exploited for marketing.
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  49. I'd assume that the information is there but it just takes a lot of time and perhaps expertise to dig through so you won't do it unless you suspect something is wrong and you won't suspect that anything is wrong when all the rating agencies whose job it is to do exactly thar are saying that everything is fine. It perhaps sounds naive and weird but tbf we do this with the majority of things in our lives, we assume that our computers, cars, food, utilities, and the wiring in our house are all safe and secure because someone whose job it is to check that says they are. The difference with the stockmarket is that most of the things we interact with as consumers are either kept safe by a government agency or there simply is no perverse incentive, food ministries keep food and drugs safe and are kept seperate from the producer so they can be honest, and Apple and Microsoft have no real incentive to make unsafe software. So while it makes sense to trust that your food doesn't contain poison because it is FDA approved, the same logic doesn't really hold for ratings agencies especially when dealing with the products of large companies.
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  50. I really hope you escape from this one day.
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