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

@RideAcrossTheRiver What in the actual fuck are you talking about.
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At least with fish stew the end product is still tasty and deliscious.
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Before the invention of firearms most battles were like this because it's very hard to motivate someone to run towards a bunch of sharp and pointy objects. So infantry generally preferred to stay at a distance and throw stuff at eachother and exchange insults. It usually took something to motivate them actually close in to fight and those fights rarely had high casuality rates since soldiers usually fled long before casualties could mount. It's only if one side was prevented from fleeing that casualities could mount.
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Yeah afaik shorts are basically the only correction mechanism against bubbles so they aren't an evil thing necessarily.
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So basically capitalism is built so that every second decade or so it will just self-sabotage and crash, causing untold suffering to millions of people who had no responsibility whatsoever.
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@funtechu You genuinely don't seem to understand what the other person is saying. Like you didn't actually respond to their comment.
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@Koushi82 I don't think you get to call yourself an elitist for being in a slightly nicer pigsty.
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@rilmar2137 In the best cases like VPNs you just have a product that very few people need so they have to be pushed heavily to grow.
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The problem is that defi isn't.
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@bigdaddymatty4804 You aren't fighting anyone, that's not how the stock market works, you're literally just handing over your money to the rich.
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@ckbev Pretty sure it's in fucking Donald Duck comics. I know that Scrooge is rich but you should perhaps not get your advice from a duck.
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Capitalism is simply built in a way where it will always lead to bubbles since everyone benefits in a bubble until it collapses, thus no one will want to pop the bubble before it becomes large enough to cause a crash and at that point everyone who was in on the bubble will desperately try to offload their own losses onto everyone else and eventually it trickles down to the working class who due to their lack of pressence within financial makets will always have an information disadvantage and no ability to offload their own risk. And by that I don't mean that workers should just buy stock, because that does not get you in the door of financial companies and workers can never get in the door since the world cannot work like that. The majority of people have to be engaged in actual productive labor, they cannot all be part of the class that manages the output of said labor.
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I don't think Bloomberg terminals give you access to new data, they just give you access to all the data Bloomberg collects and analyzes. You aren't paying for insider information. That's why other companies offer similar services to Bloomberg and there are even some free sites.
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@dodid0 If you looked at the individual periods we have data for you'd see that returns varied massively and on the latest period you would have lost money.
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He did credit their channels though?
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This made me realize how stupid “The Big Short” would sound to anyone who doesn't know what short selling is.
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Does energy consumption used to secure the network not come from the power grid or something? Do we not need to burn coal to produce that particular energy?
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The closest thing to a get rich quick scheme in the real world is just getting a degree in the natural sciences, I mean it isn't easy and not particularly quick but like there's basically always a huge demand and the pay is good in basically all fields. Way too many people are just for some reason convinced that they can't do science because they found grade school math boring but like most people could probably do it if they just tried. And like because so few people get science degrees it's usually very easy to get in, where I live there are basically no grade requirements for science. Engineering is also pretty solid, software used to be good but wages have been falling and maths is a bit hit and miss but you can make a lot of money if you end up working with finance.
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I'd recommend watching “This Is Financial Advice” by Dan Olson, it does a really good job of explaining the most basic aspects of the stock market in a way that's understandable to someone who knows nothing. It's at least how I first learned some basics.
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@HamAndCheeze You don't seem like a cryptobro so I won't accuse of being one but this rhetoric is the exact same that cryptobros use and that makes it sound kinda unreliable. If no one can tell me why I should care about crypto other than that it might be big in the future, and it's been like this for over a decade already, then I'm unlikely to trust that narrative. Especially when it's being repeated both by obviously untrustworthy individuals and people who don't seem as untrustworthy.
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It's the modern day El Dorado.
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@robertmittoniii5427 That seems like an obvious methodological weakness. Millionaires are not necessarily millionaires because they're good investors, firstly becoming a millionaire by investing is basically not possible at least according to Richard, secondly most people who became millionaires did so by making money in some other sector, and thirdly the majority of rich people became rich through inheritance. Therefore there's no reason to believe that millionaires are somehow more insightful when it comes to investing. It would have made way more sense to survey people who actually work as investors. Though what would have actually produced results is conducting a meta review of the literature, y'know the thing you usually do when doing science.
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@AceVentura-px3pt You have to pay a fee to lend stocks that you can short and then you have to pay rent on the stock so it's actually very easy to loose money on a short. You only make money on a short if the stock goes down more than the market expects it too and since GME is incredibly volatile it's very unlikely that, that will happen.
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With the insider trading isn't part of the problem that rich people might be buying and selling stocks for reasons other than investment?
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Benjamin getting recommended by The Plain Bagel would be devestating. He cannot have reasonable people recommend him when he's trying so hard to maximize his brainrot appeal.
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Economics is basically just a religion seeking to justify the horrors of capitalism so of course they don't care about facts or reality.
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The more I hear that line the more I cringe at it, how did that make it into a movie?
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I agree that it is objectional to make money on people losing their homes but tbf the people shorting the housing market didn't actually cause it to happen. The cause was the banks, financial institutions and ratings agencies who all created the bubble. The people shorting it merely saw that it was a bubble and by shorting made it publically known that they believed it was a bubble, which is basically the only way for the market to self correct in this situation. If this still sounds immoral to you then your problem is with capitalism not short sellers.
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Since when?
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@alquinn8576 And that didn't happen after a stock split so what's your point?
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3% is also a pretty high inflation level and it doesn't make sense to expect that to be the case forever. In fact since this video was made inflation rates have fallen.
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