Interesting and well said but have to disagree on real estate May not be for everyone one but if you know how to repair homes and you have a goal to pay down loans it’s been a pretty good investment....
Love the editing & the music used in this vid! However i pretty much only agree to the warren buffet segment, i'm iffy with the american dream & i disagree that owning a home is a bad investment. For example i live in Melbourne, Australia & over a period of 12 months many suburbs have had, fast house price growth for several different reasons. One of which was because the radius of the CBD was extended by 10%, so a suburb called Box Hill had an increase of 42.4% in its valuation. So if the median price of a house there is $1,270,000 now, that means that it's increased in value by nearly 540,000. So if you bought a house there at the start of the year, sell it now & you've made over half a million dollars in 12 months from 1 house! No maintenance was needed & no mortgage was to be paid for a long period of time either. Best of all, if you're smart, these type of scenario's are foreseeable.
That is not the American Dream. That is the commercialized rip off version. The real American Dream is freedom to make the most of your own life. That's it.
Besides, a stable job is not a trap! It was conceived to protect the worker, since you can quit when you want, but you can’t be fired anytime at the boss’ whim.
To me the American dream is opportunity. Freedom to explore and create more opportunities while not hurting anyone. Less governments and more entrepreneurship. Buffett is an insider... cheats all honest people.
I have to disagree if you own your house free and clear. It's a great piece of Mind and feeling don't have to worry about landlords hovering over you or moving constantly in some cases . Paying just property taxes is a hell of a lot cheaper than paying rent. I'm saving over $2,000 a month. Plus I can design and do what I want with my house inside and outside. Get to know your neighbors on a personal level and keep an eye out for each other.
@Yacob 99 Most Physicians are out of shape and hideous, but know how to heal you. Most dentists have jacked teeth, but know how to fix yours One of our greatest scientific minds, had rotten teeth and was paralyzed, but that didn't make him any less of a genius. In other words, shut up.
But those where never the American dream, the dream was owning land, gold,independence and freedom. I don’t think the pilgrims came here for a good job and a education
He is sooo wrong. Almost everyone I know followed that path of the American dream successfully. Sure, I lost jobs and started over a few times, but don’t give up. Nobody said it is easy.
We are children of the Wellbeloved universal Unitification Infallible guidance orders Clearly unlimited uneditable constance unquestionably total B-E of actions and deeds heeding obediently the Loft Blested prerequisites Gloriousness. Absolutely gorgeous in Certitude ninth levels cycles Revelation greatest historical maturity Atomics betwixt waters and clay or Heaven and Earth Divinely Herald declaration of Interdependency eternally of SOULS Onesness
I'm not one to judge the physical handsomeness of a man given I'm a heterosexual male, but this guy is downright disheveled and unattractive. You might say to yourself, "well what does his appearance have to do with his knowledge or credibility on the topic?" Well I say a lot. I agree that we shouldn't judge people on their appearance, but if you're going to attempt to gain credibility on giving professional financial advice, you should get a haircut and dress for the part.
'cause he doesn't need any of that shit. He's pure genius. Did Einstein have a good appearance? Maybe normal people need to get a nice haircut and dress for the part, but geniuses don't.
Here's the deal, pal. If you can accept the notion that dressing up and getting a nice haircut is highly effective to most of the people that you want to get attention from, then you can clearly see that maybe this guy doesn't give a fuck if he attracts most people to hear him out. And here's the good part. He's right not wanting to give a fuck about most people. Most people will discredit his opinions anyway even if he wore a suit and looked attractive just because the truth may contradict with their way of thinking. So he prefers to be heard by those who will be open-minded in the first place to not get discouraged by his appearance.
@@ewtwetrwerwteet step away from the TV and the mainstream media. I wear jeans and polo shirts everyday and make a six figure income here.. you're just a jealous fool
I love James Altucher!!!!!!!!!!!
This is outstanding.
The truth has been spoken!
Dude you need to be announcing this at the Oscars are the Grammys because the whole world needs to hear this this is 100% truth sir
Great points ,
OMG! He looks like so much to How I Met your Mother's main actor Josh Radnor ...
Felipe Tentem lol I know his twin 😂
Who?
Hahahha yes!
Interesting and well said but have to disagree on real estate
May not be for everyone one but if you know how to repair homes and you have a goal to pay down loans
it’s been a pretty good investment....
Love the editing & the music used in this vid! However i pretty much only agree to the warren buffet segment, i'm iffy with the american dream & i disagree that owning a home is a bad investment.
For example i live in Melbourne, Australia & over a period of 12 months many suburbs have had, fast house price growth for several different reasons. One of which was because the radius of the CBD was extended by 10%, so a suburb called Box Hill had an increase of 42.4% in its valuation. So if the median price of a house there is $1,270,000 now, that means that it's increased in value by nearly 540,000.
So if you bought a house there at the start of the year, sell it now & you've made over half a million dollars in 12 months from 1 house! No maintenance was needed & no mortgage was to be paid for a long period of time either. Best of all, if you're smart, these type of scenario's are foreseeable.
thank you James!!!
That is not the American Dream. That is the commercialized rip off version. The real American Dream is freedom to make the most of your own life. That's it.
That's not distinctly American.
jed52 to the contrary, it might be ONLY distinctly American thing
Besides, a stable job is not a trap! It was conceived to protect the worker, since you can quit when you want, but you can’t be fired anytime at the boss’ whim.
I cant stop laughing because he's absolutely right on everything.
Truest assessment of Warren Buffet I've ever heard.
Dude really said f my appearance for this interview. I like it.
Stupid question: In what ways do you invest that cash in yourself? I totally agree with all his points. 👏👏
Obviously education! For example coursera.com courses. Or books!
Like a GURU!
So if Warren Buffett wants you to hold forever, but he's buying and selling, who's he buying and selling from if you hold forever??
From other big players who know the same as he maybe?
Cancel Business Insider love James though
Ill take a factory owner loan over a central bank ususry loan any day. Strenth is growing in the younger generations.
5:00 A house is a home not an investment. That being said more fortunes have been made in real estate than any other sector in the history of ever.
This is what they don’t want you to hear. The truth.
4:06 - I was cracking UP!!! SO true!!
To me the American dream is opportunity. Freedom to explore and create more opportunities while not hurting anyone. Less governments and more entrepreneurship. Buffett is an insider... cheats all honest people.
I have to disagree if you own your house free and clear. It's a great piece of Mind and feeling don't have to worry about landlords hovering over you or moving constantly in some cases . Paying just property taxes is a hell of a lot cheaper than paying rent. I'm saving over $2,000 a month. Plus I can design and do what I want with my house inside and outside. Get to know your neighbors on a personal level and keep an eye out for each other.
james. I fucking love you. please know this.
@Yacob 99 Most Physicians are out of shape and hideous, but know how to heal you. Most dentists have jacked teeth, but know how to fix yours One of our greatest scientific minds, had rotten teeth and was paralyzed, but that didn't make him any less of a genius.
In other words, shut up.
But those where never the American dream, the dream was owning land, gold,independence and freedom. I don’t think the pilgrims came here for a good job and a education
His view on Warren buffet sucks
Thank you
Altucher is a scam artist.
I thought Horshack died in 2012?
TRUTH
Tf is he even trynna say bout Warren Buffett?
to not trust him outright just because he's an old white guy wearing a disarming sweater, glasses, and a smile.
CHACE don’t listen to what buffet says do what he does
Is this Ted Mosby??
Didn't he have straight hair ???????
He is sooo wrong. Almost everyone I know followed that path of the American dream successfully. Sure, I lost jobs and started over a few times, but don’t give up. Nobody said it is easy.
We are children of the Wellbeloved universal Unitification Infallible guidance orders Clearly unlimited uneditable constance unquestionably total B-E of actions and deeds heeding obediently the Loft Blested prerequisites Gloriousness. Absolutely gorgeous in Certitude ninth levels cycles Revelation greatest historical maturity Atomics betwixt waters and clay or Heaven and Earth Divinely Herald declaration of Interdependency eternally of SOULS Onesness
Full of crap but James’s is very entertaining
I'm not one to judge the physical handsomeness of a man given I'm a heterosexual male, but this guy is downright disheveled and unattractive. You might say to yourself, "well what does his appearance have to do with his knowledge or credibility on the topic?" Well I say a lot. I agree that we shouldn't judge people on their appearance, but if you're going to attempt to gain credibility on giving professional financial advice, you should get a haircut and dress for the part.
Yes because all the slick polished suits on Wall Street didn't start the GFC and ruin your country, haha America is full of poors now!
'cause he doesn't need any of that shit. He's pure genius. Did Einstein have a good appearance? Maybe normal people need to get a nice haircut and dress for the part, but geniuses don't.
Here's the deal, pal. If you can accept the notion that dressing up and getting a nice haircut is highly effective to most of the people that you want to get attention from, then you can clearly see that maybe this guy doesn't give a fuck if he attracts most people to hear him out.
And here's the good part. He's right not wanting to give a fuck about most people. Most people will discredit his opinions anyway even if he wore a suit and looked attractive just because the truth may contradict with their way of thinking.
So he prefers to be heard by those who will be open-minded in the first place to not get discouraged by his appearance.
@Jack Saltzberg, OK, since you seem to be Jewish too, you are allowed say that. I would say he gets all the good genius brain of being a Jew. :-)
@@ewtwetrwerwteet step away from the TV and the mainstream media.
I wear jeans and polo shirts everyday and make a six figure income here.. you're just a jealous fool