He's one of the few guys that can explain finance, thoroughly, scientifically, and still give you enough humour to keep you awake
@NotPoliticallyCorrect407
22 күн бұрын
There is dry and then there is Patrick Boyle dry. 🙌🏻👍🏻😂
@andybunn5780
20 күн бұрын
The most excellent flavor of British humor
@Andy-P
20 күн бұрын
So dry you could gag on it. His assessment of the Saudi project was brilliant!
@MarcosElMalo2
19 күн бұрын
@@Andy-PSo dry that by all rights he should sound like Tom Waits.
@wade__
11 күн бұрын
That's what makes him so juicy
@matthewvirth
25 күн бұрын
Patrick is one of the only youtubers i dont have to constantly fact-check.
@iless664
9 күн бұрын
The sad reality is I recently discovered his videos are highly plagiarised. Really ruined them for me. It’s all over Reddit.
@JohnTaylor-ts8wk
25 күн бұрын
I’m glad you brought on Patrick Boyle. I’m a fan of his podcast, he has some educational ones on financial history and deep dives and some hilarious ones with his wry sarcasm.
@MarcosElMalo2
19 күн бұрын
I’m shocked you neglected to mention his career as a rap music producer.
@roc7880
22 күн бұрын
COUNTERARGUMENT to Patrick and support for Demetri = there would have been no US (temporary) dominance in areas like nuclear power, computing, internet, biotech, satellites, communication, or agribusiness without the initial massive investment by the state for years.
@MarcosElMalo2
19 күн бұрын
WWII, post war prosperity + Cold War defense spending, late Cold War ROI + prosperity + reinvestment based on technology development, post Cold War prosperity + ROI + reinvestment, are you starting to get the idea? This still doesn’t explain why we see this development, although it does suggest why. What were the enablers? Rule of Law, Democracy, trade with like-minded nations and nations willing to develop and adopt rule based democracy and market based economies, which expanded into global trade networks, U.S. Hegemony that protected the rule based order, are all factors that led to increased U.S. hegemony over the free world. I intentionally use the word “hegemony” rather than the far less accurate words like imperialism, cololonialism, or the meaningless neo-colonialism and neo-imperialism. Should we talk about reserve currencies and the historical accident or historical inevitability of the dollar becoming the world’s reserve currency? Should we talk about what U.S. hegemony replaced? Your claim is oversimplified and of low utility if we want to understand economic history, where we are now and where we might be going.
@JHimminy
13 күн бұрын
We won the war for the empire. The empire wasn’t as lucrative as it seemed. Historical CPI suggests that every war the US fought ended - except for WWII, which, according to inflation numbers, hasn’t ended.
@henghistbluetooth7882
7 күн бұрын
@@MarcosElMalo2As you say ‘you’re argument is of low utility’. This is not a counter to the argument this person made - in fact it supports it. He said that government investment is a large reason for US success. You then told him you were refuting his argument and then went on to list several times mechanisms of government investment. Are you getting the idea?
@MarcosElMalo2
6 күн бұрын
@@henghistbluetooth7882 I would say that his argument was incomplete or oversimplified, not that it was wrong per se. Government investment alone does not create a hegemony. Modernization alone does not explain it. There are other factors involved that are equally important that I mentioned. I’ll throw something else out there, an assertion to chew on. It could be wrong. U.S. hegemony has always been based on a delicate balance between U.S. interests, the interests of our friends and allies, and our common interests. When we have tried to impose our framework of Western values through force of arms, we’ve failed. So here is the assertion: U.S. hegemony has been successful when we judiciously apply force and deterrence, and only with support from friends and allies. The U.S. hegemony has never been about empire building and ruling the world. That’s all the time I have right now. I can see arguments for and against my assertion.
@Th3SilentObserver
18 күн бұрын
What a wonderful zero nonsense talk. Thank you so much
@ptykozoon1658
22 күн бұрын
Fantastic point by Demitri. Basically he’s talking about a value system that underlies capitalism. Which is completely not a conversation today. Money is the only thing that matters in the US. And govt has to be the neck that sets some guidelines because the free market is a profit slave that isn’t going to resolve these fundamental issues.
@danielhutchinson6604
19 күн бұрын
Treasury promised to support the FED in 1970, as they introduced the Fiat Currency that seemed to be the new method of promoting Credit and Usury. The objective of Credit is to provide a portion of the money invested in Credit, to produce some Interest. If they have nothing to sell the use of producing products is subjected to a lot of stress. The Unions organizing Workers to get them a fair share of profits, is diminished since 1980. The Investment Community seems to enjoy making their profits appear, seems tied to Usury, not producing products. The end result of eliminating Industrial production is the Workers who will be Consumers, no longer appear to exist. The flow of profits to the Investor Class has been diminished by industrial production being outsourced. The lack of flow from Investor to Worker and back into the profit chain, has run into a BRICS Wall. The Supply Chain that was delivering essential resources has stopped producing, as the former Colonies join a Trade Union. BRICS has formed a Trade Association that finds nothing within the USA worthy to spend money on. That has driven 159 Nations to look to the BRICS Trade Group for help in getting a fair price for their Goods. The US Dollar and the SDR that used the Dollar as a reserve guide for Trade Valuations appears to have ended.
@MarcosElMalo2
18 күн бұрын
The economy is important but it’s not everything. One thing I would urge you to do is separating capitalism (the set of market mechanisms and processes) with Capitalism (the ideology/religion). “Small c” capitalism is a social technology, a toolset or a machine. I like to think of it a as an engine that powers the vehicle of society. If you accept this analogy (or are willing to entertain it), we are still left with those important questions you want to ask. If society is a vehicle, where do we want to go with it? Who gets a ride? Who drives? What safety features (think safety nets and social welfare) should be added? Do we want our society vehicle to be a race car? A luxury sedan? A bus (or other form of mass transit)? Once you start thinking about these questions, we can start to reevaluate the engine of capitalism. Is it the best engine? How can we tune the engine to suit the type of vehicle we want? This might all sound terribly abstract until you start applying the analogy to some fundamental economic questions and assumptions. Example: Is money a means of exchange or a store of value? Obviously money is both. Here is a supportable assumption: These two purposes are at odds with each other. If everyone is using money as a store of value, then it won’t be used as a means of exchange. This causes deflation. If no one is using money to store value, but as a means of exchange, you develop inflation. Still with me? So what happens if you find a point of equilibrium, with no inflation or deflation? Is equilibrium desirable? Well, then your vehicle is idle. A small amount of inflation (especially wage-based inflation) will move the vehicle forward at a lower velocity. Too much and you run eventually out of gas. This is what I mean by tuning the engine. At this point I want to throw in the concept of democracy, which is how we in the west get to pick the vehicle type, the direction the vehicle is traveling, etc. Democracy is also the mechanism by which we choose how to tune the engine, which includes regulations, setting interest rates, the variety of ways we can tax businesses and individuals, etc. And this is where ideological dogmas fail us, because we really need to tune the engine to meet different road conditions. Supply side economics might be the best to meet certain conditions, but are really bad for other conditions. We need to be open to the idea that different tweaks should be applied to meet the current conditions. It’s not capitalism that is failing us, it’s Big C religious capitalism and libertarian dogmas that are failing us. It’s why we have billionaires and millions starving and billions in poverty. Thanks for reading my comment thread essay. I don’t know why I put so much effort into writing these damn KZitem comments, but if you find these ideas useful, I guess it is worth it.
@ptykozoon1658
18 күн бұрын
@@MarcosElMalo2 first off people that don't write typically have incomplete ideas. money/deflation/inflation: i think you are getting a bit off track - these are fairly basic common assumptions/not really first principles thinking, for example a low amount of inflation is a relatively new phenomenon, I'm not sure how you'd begin to argue it's empirically good, and it's found no where in fed mandate. they simply made it up, and now people think it's ideal. on capitalism, i think anyone who thinks americas economy is best defined as capitalist is an id1ot agree w pretty much everything you've said, the thing is we don't actually have to be too intellectual about this. nordics are similarly wealthy industrialized countries that are far, far happier. they do "capitalism" quite well and are far more "advanced" societies, but their tax policies/social policies would make the avg american faint. americans have simply been programmed by 40 yrs of plutocracy. undoing that damage requires the type of thinking demitri is talking about (or more likely the demise of older generations). every half century or so americans need to actually spark up a few brain cells together and think about what they want. otherwise corporations will continue to do it for them
@danielhutchinson6604
17 күн бұрын
@@ptykozoon1658 You both appear to ignore the fact that Capital is not available to the average Citizen. The distribution of Capital among the Investor Class allows them an abundance, while the average citizen reports they do not have any disposable income. The appearance of $18 trillion dollars of Consumer Debt, leaves a major portion of Americans with little hope for accumulating enough currency to pay off their debt. The added interest as their debt grows, does not help them to emerge from debt. The idea that the cycle of debt that is supposed to trickle down as the average American begins to work as Gardener for the Bankers who collect the payments directed at the growing debt, seems like it never will end? You two discuss the ability of a small percentage of Humans who attempt to participate in Markets that are already overpriced and far beyond the ability of the average Citizen to participate in. Your observations appear to be Elitist and have little to do with the financial status of the Majority. But you are aware that Usury was condemned 5,000 years ago by Moslem Scholars who recognized the process as a dead end. Crusades were fought over that effect in my opinion, but the Roman Empire continued to push Capitalism and Usury. How are they doing today?
@themeach011
14 күн бұрын
2 things. One. 2% inflation comes fron when the dollar was tied to the gold standard. Gold supply went up by about 2% per year as thats about how much new gold was mined every year. Second the problem with democracy in todays world seems to be that no matter what government you are voting for their only goal is to get elected/re-elected. No party can get elected running on a platform of what actually needs to be done to get this mess sorted out.
@7overland514
23 күн бұрын
Patrick is successful on KZitem because he’s a rap god!
@zg-it
24 күн бұрын
Modern capitalism is nothing more than corporatism. The idea of free-market capitalism doesn't exist in modern society, we have arbitrary lines defining so-called Nations where you have small groups of people with the power of violence and force to manipulate markets and to take care of their cronies
@andybunn5780
20 күн бұрын
With a deep study of history, I feel that society has always been essentially this in practice
@Gunni1972
18 күн бұрын
@@andybunn5780 Capitalism, especially the "competetive" part, is a lose-lose business over time. Traders can (in order to stay competetive) only trade what they get with a "discount" at some point. Once the Manufacturer can't rake in the subsidies to GRANT these discounts, the "Free Market" breaks. And bare socialism (Tax money) compensates for it. That's when the house of cards collapses. Banks are "Money traders", so their losses cost the tax payer exponentially more, than a manufacturer, when they have to be bailed out.
@grapesurgeon
25 күн бұрын
Love Patrick's work!
@flipdbit
22 күн бұрын
TSMC wouldn't exist without industrial policy. The solar and EV industries wouldn't be concentrated in China without industrial policy. Reshoring wouldn't be necessary if the West hadn't been wearing free market blinders for the past four decades. If your country doesn't play the industrial policy game, it will lose.
@johnsmith-ol9qj
22 күн бұрын
This is a madly skewed perspective, the only reason such measures needed to be taken was that America has been doing the same thing. Tsmc and the EV industry were subsidized so heavily because their competition litterally would not share the top level tech and thus drove up the prices of their products. So instead of having multiple competitors studying and innovating on the same level. The knowledge was kept so that everyone had no option but buy American. (In this case intel and ASML) if that knowledge was spread we all would be having the same issues china is having now as multiple producers are racing to the bottom to sell their products to the market. America came up intellectual property in its current state and its done nothing but create monopolies and drive up prices.
@flipdbit
21 күн бұрын
@@johnsmith-ol9qj That's an interesting take. So China's dominance in manufacturing (let's be honest) *everything* can never be challenged using its own tactics. I'd think you would have better things to do with your time, President Xi, but thanks for taking the time to discuss!
@likemy
7 күн бұрын
if you're going to talk about 'industrial policy' in China, why have you neglected to mention the enormous debt problem and decades of capital misallocation / malinvestment by the state? High speed rail & bridges to nowhere, vast unoccupied real estate developments underwritten by state-run banks, etc. China is an enormous manufacturing hub because of decades of currency devaluation & strict capital controls. This naturally comes with a cost, which is the weak Chinese consumer base--this is already a big problem for China, and it's only going to get worse given their demographic outlook. They have to ship so many of their EVs to Europe because there aren't enough Chinese consumers able to purchase them. None of this portends well for China long term.
@skypickle29
23 күн бұрын
When the world went from a bilateral polarization (capitalism vs communism) to a multilateral competition (where there are several large players), the complexity of the network effects have led to financial and political instability. The analogy I would propose is to consider the orbits of a system of two planets (which is calculable and predictable) versus the orbits of three or more celestial bodies
@danielhutchinson6604
17 күн бұрын
Communist Nations used Capital as a tool to obtain products they did not create. That process has ended and Communist Nations now appear to have what Capitalist Nations need. That conundrum is not faced as we discuss the fact that the BRICS Trade Group now represents around 70% of available resources. The comparison of Communism and Capitalism as social structures need to recognize the ability of other alternatives to be accepted. The foolish assumption that there are only two basic forms of Social Behavior, seems to lack any reality?
@SP3NTT
15 сағат бұрын
Oh damn... Was about to say I'm so glad you had patrick on because that's the only reason it popped into my feed. Only to fins the title subject is hidden behind a pay wall
@Truthtoat
24 күн бұрын
Huge Fan of Patrick
@goodsir7298
25 күн бұрын
I know you said work for experience that is desirable but what if you are young in a country like Canada/Australia that has record breaking youth unemployment and not much opportunity
@MarcosElMalo2
18 күн бұрын
You avoid working for free, and you use your free time to learn. You can create your own learning experiences. Example? Let’s say you are unemployed or vastly underemployed. If you can manage to scrape together $50 bucks, you find a wholesale source of tubesocks, buy $50 worth of socks, and then go sell them at a mark up on a street corner. If you really do this, you will learn lessons that you won’t learn if you merely use this example as a thought experiment. If you get shut down for not having a business license, you’re learning about government regulation in a way you won’t learn in a book. If you make a profit, you learn about how to allocate your profits. If you don’t make a profit, you analyze why you didn’t and try to figure out a new strategy for selling socks.
@davidhorn2248
9 күн бұрын
Remember also that change always obscures a real opportunity
@georgewood00
15 күн бұрын
Great to see Patrick here
@ConanDuke
9 күн бұрын
It's working as designed: For a handful of wealthy families, at everyone else's expenses.
@nothingtoseehere5760
24 күн бұрын
Lol money is important to young people now becausae NOBODY IS OFFERING ENOUGH MONEY! Why is this so hard for anyone to understand? No young person can afford to buy an apartment in Boston on ANY SALARY.
@eastudio-K
25 күн бұрын
Ah! My two favorite podcasts!
@veyselbatmaz2123
24 күн бұрын
Make a video on this book: "Digitalism vs. Capitalism" to explain how capitalism is broken down.
@garrenosborne9623
22 күн бұрын
Thanks for reference🙏
@danielhutchinson6604
17 күн бұрын
If the facilities of the US Treasury now are unable to support the use of Capital, what organization can find the Capital to back any Digital Dollar as the Economic situation goes sour? Currency Crisis was what formed the situation in 1967, Fiat Currencies appear to be feasible until they are not.
@veyselbatmaz2123
17 күн бұрын
Digitalism is a new mode of production. It is not a new political or fiscal system. The superstructure would be ecumenic. Refer to my book: Digitalism vs. Capitalism
@janeteholmes
25 күн бұрын
It broke at leat 150 years ago and they’ve been patching it up with duct tape ever since.
@iforget6940
25 күн бұрын
Then your saying we can go a 150 more years
@janeteholmes
25 күн бұрын
@@iforget6940 No idea how you got that from what I said. I’d say we’re lucky it’s held this long. 150 years of hastily applied duct tape seems we’re living on borrowed time to me.
@iforget6940
25 күн бұрын
@@janeteholmes I'm kidding, I don't know how long we will last.
@janeteholmes
25 күн бұрын
@@iforget6940 We live in interesting times don’t we.
@janeteholmes
25 күн бұрын
@@iforget6940 I should have realised you were kidding. Reality is so far beyond parody recently that my irony detection is apparently broken.
@The.world.has.gone.crazy...
25 күн бұрын
Where can i find part 2?
@alphaomega1351
22 күн бұрын
Da movie 🎬 theater 🎥. 😳
@brandonmorin1179
19 күн бұрын
I feel like this is capitalism's innevitable trajectory. You can wind the clock back to when we had a stronger social democratic state but fundamentally the ownership class grow powerful enough again to pull us back to where we are now.
@Al-xq4ec
10 күн бұрын
Almost all the problems with modern system stem from socialist thinking. If you think about it rationally the modern countries are way more socialist than capitalist.
@likemy
7 күн бұрын
Reality does not comport with your ill informed feelings. Look at the effect on prices that extensive government intervention has had on education, housing, healthcare, etc. Then look at the markets with the least government intervention.
@brandonmorin1179
7 күн бұрын
You guys do know that a lot of the issues with capitalism stem from the financial sector, right?
@Al-xq4ec
7 күн бұрын
@@brandonmorin1179 Which, besides healthcare, is the most regulated part of the economy. The last time I checked, the burden of overregulation does not exactly describe a free market; quite the contrary.
@brandonmorin1179
7 күн бұрын
@@Al-xq4ec I mean, every time the financial sector has been de-regulated they've found novel ways of blowing up the rest of the economy and enriching themselves 🤷🏻♂️
@michaelsmit486
16 күн бұрын
Bait and switch title.
@detectiveofmoneypolitics
24 күн бұрын
Detective of Money Politics is following this very informative content cheers VK3GFS and 73s from Frank
@nPkB561
25 күн бұрын
A great duo !
@Al-xq4ec
10 күн бұрын
Western countries are nowadays way closer to socialism than they are to capitalism, which should be better referred to as the free market. And here lies the problem: people criticize modern mixed markets and pretend it is a free market. Some people do it out of melice, some from lack of understanding, and sume just don't care and blame the first thing that comes to their mind.
@Varun2799
20 күн бұрын
Drink everytime Patrick says interesting
@jeremiahp
Күн бұрын
I really want to know WHEN capitalism wasn't cronyism, corruption, predatory and monopolistic. There's never going to be an economic ideological utopia of any flavor.
@life42theuniverse
24 күн бұрын
Capitalism emerged from the growth of surplus caused by the growing exploitation of oil. The global oil supply peaked circa 2012...
@life42theuniverse
24 күн бұрын
Capitalism requires a growing energy supply to operate.
@likemy
7 күн бұрын
where do you clowns come up with this stuff?
@life42theuniverse
7 күн бұрын
@@likemy kzitem.info/news/bejne/zJB3n3ykqWWSiWk
@xchazz86
24 күн бұрын
Ponzi economics everywhere.
@skypickle29
23 күн бұрын
If the unwinding of the carry trade caused the Aug 5 dip, then why is the market back up? I think it was an algorithmic hiccough. This is what happens when you let AI trade your stocks. It will eventually become smart enough to enslave us through debt.
@gnosticallyspeaking3544
23 күн бұрын
Think you are correct. A major algo instigator is headline feed. Then algos test sentiment and manipulate from there. So ridiculous now, Pelosi stock headlines can move prices. If interested, investigate how guys like Daniel Drew and Jay Gould manipulated in 1800s and stock pools worked in 1920s. And you'll know a lot about how the algos work today.
@Aldo_Regozzani
16 күн бұрын
Yes it always was now it's internal contradictions break through to the surface for all to see who want to see
@Al-xq4ec
10 күн бұрын
No it wasn't. In fact it has always fought up hill battle agains statist and later communist/fascist. Almost all the problems people atribute to capitalism are in fact caused by socialist thinking which than translates into insane regulatory positions. These regulations are in the end to blame.
@Aldo_Regozzani
9 күн бұрын
@@Al-xq4ec I just wait and look at what's coming and I 0 is the number of fucks I give. 😃
@Oldguard_8
Күн бұрын
Capitalism is not broken, but in the USA, it is burdened by unsustainable socialist redistributions. It seems we are desperately trying to emulate the failed Euro policies.
@Mastercane98
24 күн бұрын
51:06 What is the connection between capitalism and those issues? I can understand the inequality argument, which is unavoidable unless you want to disincentivize work and innovation, but what has the mental health of teens to do with capitalism?
@MarcosElMalo2
18 күн бұрын
Gross economic inequality isn’t an inevitable consequence of capitalism if you live in a democracy and you don’t allow others to govern the economy with “religious” economic dogmas. The market is a mechanism, not a god. In a democracy, we get to choose how we adjust the mechanism so that it doesn’t benefit the few at the expense of the rest of us.
@nohopeequalsnofear3242
5 күн бұрын
He reads the FT? Why does he read propaganda?
@hrnekbezucha
5 күн бұрын
Always has been
@ctbur
16 күн бұрын
I came for the video title and after 1h, nothing was said about it. But now I'm supposed to pay. Trash bait and switch.
@Ratgibbon
23 күн бұрын
No questions about the state of the rap game. 0/5
@PetraKann
25 күн бұрын
Corporatism
@marsmotion
25 күн бұрын
bingo
@tuckerbugeater
25 күн бұрын
@@marsmotion from communism to anti capitalism
@Wilson84KS
23 күн бұрын
The only possible outcome due to the profit mechanism, competition and consolidation, finally collapsing in a chain reaction of deficiency of purchasing power due to general Market Saturation, always, inevitably, because it is built on exponential growth of consumption but neither human needs are infinite nor required resources, which simply shows that it is an anti-economy.
@ptykozoon1658
22 күн бұрын
On govt subsidies, Patrick doesn’t seem aware of his cognitive dissonance. Mentioning Pettis who has the opposite view, and mentioning crypto and private funding. Doesn’t seem aware of history. Just wants to push his idea regardless. Maybe it’s a political thing. Don’t think he really understands production/trade.
@Cloakdasasin0
8 күн бұрын
You should really title your videos based on the content they actually contain in the first hour, not bait ppl into a last minute reveal that the topic they clicked for is actually paywalled. No reasonable person would expect you to work for free, but the bait and switch is a bad look.
@stephensuddick2557
6 күн бұрын
Duh.
@togoni
23 күн бұрын
The questions could have been much better
@yttean98
25 күн бұрын
Is Modern Capitalism Broken? ; To save time No need to watch 55min of Video. Answer: Yes.
@MarcosElMalo2
18 күн бұрын
I take your word for it because I am uninterested in why it is and unwilling to think or do the work necessary to understand why it is broken or why it might not be. I am mentally lazy and don’t want to be inconvenienced. Thank you for keeping be ignorant but self-satisfied.
@yttean98
18 күн бұрын
@@MarcosElMalo2@MarcosElMalo2 I have seen many of these kinds of videos already, so my answer is to save the viewers time by not making them watch another 55 minutes of this video.
@patriceblakeway4421
11 күн бұрын
You guys must be hard up for cash. First you get us fixed and then you demand money.
@gregmoore66
25 күн бұрын
Whenever capitalism takes hold in a country, then slowly , yet inexorably, wealth becomes concentrated in the hands of fewer and fewer people. Just read: Capital in the 21st Century.
@TheRustyLM
24 күн бұрын
And when Marxism takes hold in a country, it rapidly spirals a country into grinding poverty and murderous authoritarianism that drives its able-minded and ambitious to flee to other nations that honor private property and individual rights.
@MarcosElMalo2
18 күн бұрын
Is there an economic system that hasn’t led to concentration of power and wealth in the hands of the few?
@MichaelC-md3pr
25 күн бұрын
It really looks like a cgi ai creation.... What happened to you Demetri? This is rock bottom dude. What's crazy is the picture in the thumbnail is real, but the video is awkwardly deepfaked
@logical-machine
25 күн бұрын
This is definitely not an ai deepfake. You clearly don't have a good sense of what deepfakes look like. Yet you felt so strongly about it being one that you accuse the video creator of hitting rock bottom. Bizarre
@Mastercane98
25 күн бұрын
ahahah
@sCiphre
14 күн бұрын
Agreed, the real Patrick doesn't blink and raps a lot better.
@gregorysagegreene
19 күн бұрын
Man, "I feel like" I wasted a whole hour.
@patbyrneme007
24 күн бұрын
I feel that Patrick has a very out of date understanding of innovation. Hard to believe that he is still talking about people tinkering in garages. New ideas and inventions are only the beginning of the innovation process and often the easiest part. Somehow we have forgotten Edison's famous phrase that "Genius is 1% inspiration and 99% perspiration". Coming more up to date, Elon Musk has often talked about how he is not impressed when people approach him with new ideas and designs which describes as the easy part. It is the process of putting new ideas into successful production which is so diffucult and makes all the difference. The problem for Musk is that he is having to compete against the Chinese who understand this all too well. Coming on to China, it would appear that economists in the West are not following what is going on in China. How the state there is seeking to enhance the advantages of the capitalist method - fierce competition, flexibility and speed of operation, with the advantages of state direction - long term planning, public investment, cooperation etc. Thus we are seeing scores of technology clusters being formed, targets set to replicate and then lead in each sector with local and central government providing all the logistical etc. support that private companies need.
@Daniel_o_r
25 күн бұрын
Is investing really that difficult? This has not been my experience. I am self taught and only started learning in August 22, started investing in September 22… I’ve had a 93% return on my SIPP and the stocks/shares ISA is at 89%. I did not even realise that this was that impressive. I only invest in the FTSE 100 or the S&P 500, I also have 1 company that is listed on AIM. I don’t even really know what I’m doing but I have read the Peter Lynch books and the intelligent investor by Benjamin Graham, I also follow Patrick’s channel. Investing is not a topic that was ever discussed around me in my social circles growing up, I never even knew what the DOW etc were other than some numbers that were mentioned on the news sometimes. Those figures will actually be higher as I’ve made 14.73% over the last 8 days…
@MarcosElMalo2
18 күн бұрын
Honestly, this almost reads like bitcoin spam. The next reply will be someone asking for how they can get started, and another reply will suggest an adviser, followed by another that seconds the recommendation. This is the dumbest scam in the book.
@Daniel_o_r
18 күн бұрын
@@MarcosElMalo2 no scam, that’s been my returns in my first 23 months of investing, although I added more weight so it’s currently 89.86 on my ISA and 86.34 on my SIPP. I haven’t invested into a single loss yet, some have gone down but they’ve all ended up with at least a small profit. I don’t do day trading though
@Daniel_o_r
18 күн бұрын
@@MarcosElMalo2 you won’t be getting any advice, I’m not a professional or qualified and that would be illegal 😉
@Daniel_o_r
18 күн бұрын
@@MarcosElMalo2 it deleted one of my replies with my actual returns since adding more weight, I have them accurate for today, but never mind. I still haven’t seen any reason to call investing hard though, seems to me that it just requires “common sense”.
@roc7880
25 күн бұрын
yes, but Patrick and his friends were part of the problem.
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