Great Investing Isn't Sexy - The Plain Bagel Interview
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- Опубликовано: 27 авг 2024
- The plainest man on wall-street, mr half donut - one finance
Subscribe to Richard's Channel! / @theplainbagel
Richard's books list
For history: The Big Short (2008 financial crisis) by Michael Lewis or Liar's Poker
For general investment/financial knowledge:
The Wealthy Barber Returns: A Canadian one but it covers the basics and provides pretty tangible steps for getting your finances in order. Most of the lessons apply to anyone.
The Intelligent Investor: This is a cult favourite of value investors. A little dated (and a little sexist!) but it lays out the value investment philosophy.
The Education of a Value Investor: This is a lighter read and less technical, but it's a book from a famous hedge fund manager Guy Spier where he talks about methods he's used over time to avoid becoming emotional as an investor and getting caught up in the madness of Wall Street. It talks ethics and good emotional management; I took a lot away from it.
One Up on Wall Street: I'm actually still reading this one, but for the active investor it provides a good overview of what to look for when researching companies. Also a little dated, but good fundamental teachings.
twitter: / coffeebreak_yt
instagram: / coffeebreak_yt
this video is an opinion and in no way should be construed as statements of fact. scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napolean Hill pitch.
Note: this video was filmed around august - september, only just released now because I've been lazy.
Thanks Coffeezilla for the fun chat! A quick point of correction; I at one point call Steve Eisman Canadian, but I was thinking of David Rosenberg, a Canadian economist who has similar views on Canadian banks. Eisman is fully American!
I really like your channel, it is informative without encouraging viewers in either direction.
Hey PB, just want to say that I massively admire what you do and seeing you with coffeezilla was pretty amazing
Aye! Finally the crossover I needed
He should do a video about tim Sykes
@damian Look at The Plain Bagel's channel and learn the basics. Go on Investopedia. For specific company data try finviz or Yahoo Finance.
These guys should do a show together called Coffee and Bagels.
Or Breakfast
Fucking A+ HAHA. In Sweden
When coffee meets bagel isn’t that a dating wrbsite
@@LifeisGood-ye8rl Yesss HAHA omg
Boyling Hot Coffee & Bagels on FInance :D
hahahahaha
Teazilla & Full Donut Half Donut. Excellent!!
Sounds like a good snack
Lol 😂👏
I love all 3 of you, each of you have changed my life in remarkable ways.
Just as good as the episode of teazilla with Susan boyle
The pasty antidote front! 👌
i got an ad before the video saying “there’s one secret the rich don’t want you to know about investing”
plain bagel’s first words, “there’s no secret to investing”😂
That’s perfect 🤣
There IS a secret to investment the rich don't want you to know though: start with lots of money from your rich parents.
Well that's because the pain bagel doesn't want you to know!
That is the secret.
@@rakino4418 There's another similar one, it's called gambling, but they purpousefully make it seem like it's addictive and destructive so the rich can keep gambling and making consistent profits.
Remember 99% of gamblers quit before hitting it big!
"There's no secret strategy"
Sounds like something someone with a secret investing strategy would say to throw us off!!!!
No it doesn’t. 🤨😁
@@juancantu6169 listen, buddy, i've seen enough dan lok content to know when to read between sifu's lines
@@valiantmasayiti497 there are just people doing the right things
Hilarious comment
It actually is probably, not saying he has but like Patrick Boyle said if someone figured out a secret to make lots of money in a short time why would said person then sell courses about that secret strategy, said person would probably just do it for himself
This is exactly the content you need to balance out all the scammer content! Getting some people who aren’t dishonest, who are giving sound advice! It’s great to protect people from scammers, but it’s better to do that and also point them back in the right directions.
@TheCanMan Can Since 1990 ay bro I think the comment thread you’re looking for is somewhere else 🤣
Value investing is probably the easiest investing philosophy to understand but one of the most frustrating to follow (in the short term) because you have to ignore so much hype.
True, but if you're already resisting the urge to buy Bitcoin rn, then you're already one step there
Why not both allocate a percentage in growth and the rest in value?
@@gabrielgan2971 yeah, better to wait until crypto market cap is over a TRILLION so you can buy it at $100k, instead
Value or growth investing. Both are good
Value investing is just not feasible. I don't let myself be limited to any specific investing philosophy whether its value or growth investing. This just clouds your judgement and makes you sometimes ignore great investments. But yeah its down to what everyone finds themselves comfortable with.
Coffezilla be like:
What was his name again?
Risk Parity Pastry?
Buy the Dip Doughnut?
Stock Market Scone?
@dave Shapiro sowell is a fool, wtf are you talking about?
Your comment made me smile. Have a great day.
@@gwills9337 corn pop was a bad dude
@@LuciferArc1 ...and he ran with a bunch of other bad dudes.
If I had a trading strategy that made me 1% a day, I sure as hell wouldn't tell anyone about it.
@Lukasz or because it doesnt exist
More people knowing the edge = more people trading the pattern? Or no
@@lifekeywords A pattern like that would be obvious to anyone, especially to computers.
In 7 years you will get a 100 billion times return ( no joke)😂
@@susk3326 more like 16,000 times but still a lot.
Hall of fame collab
My favorite guy! Love you bro keep up the good work
gang gang!
What's your thoughts on arkq etf? I'm thinking this will be a big one the next decade as automation is taking over the markets
Love your stuff, Tom!
Hall of fame comment
Coffee meets bagel
So perfect 😂
Like that pacino Deniro coffee shop scene
Starting a podcast named Coffee meets Bagel will attract many interesting views
That’s the funniest thing I heard all day lol 😂
Perfect. Sounds like a podcast
Richard is like a polite slap in the face when I get so caught up in youtube financial education
There are few "secrets" to successful investing:
- Know the company you invest in well.
- Know the industry you invest in well.
- Know the stock market history.
- Keep an eye on the indexes, especially the indexes your stocks are listed on and how they compare to the index in performance over time.
- Visualize long timeframe charts. Meaning connecting fundamental reasons to every significant rise and drop in the stock's history to better understand its price swings and see if you can find another fundamental reason for the next significant price swing.
- Patience. Let your strategies play out. Do not day trade. You should start with long term investing, as you get more experience you can expand to and learn swing trading (only sensible way of trading).
Patience is one of the most key aspects
Sorry coffee I'm 4 hours late. I was writing my sales copy for my new forex course 😔
@@fxcartel1826 Mr Logan is busy. He said something about downing some wasabi snooters.
Nice @mindful the next step is to go to someone who works hard at a supermarket and show them how to “get lamborghinis and KNOWLEDGE” using this hex forex magic potion you made .
@@theurbanpandit7151 Where do i get this magic potion? I'd rather drink koolaid than take the course
In the wise words of George Soros:
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
Or for those that really dislike Soros,
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas."
- Paul Samuelson
@Mekehl Lane
In terms of making money, yes you should. In terms of ethics maybe not so much
The evil master mind...
Hail our World Supreme Leader George Soros👏👏
I strongly dislike George Soros, but he is a world class expert on investing. This comment has merit and the quote is true. Screw Soros though, lol.
Definitely don‘t trust that creep! The second quote is good though!
You two guys are probably saving lives out there.
Two absolute legends! Thank god there's still guys out there talking the sense
Perfect timing! I just discovered plain bagel and have been binge watching his content all weekend
Fake gurus have a wall of books
Real gurus have a picture of books
A 10 minute RUclips video will teach you more than 100 books.
@@l8Os no?
@@maxfuchs3387 welcome to the 21st century guy. Enjoy it
@@l8Os have you ever read a book?
@@maxfuchs3387 well I think he just a visual learner that's all, for him it really is better then reading. Plus some videos just like books are made by experts and in bigger series of them. Plus you can listen to it while doing something else
I thought I could just buy what the great stock traders bought but now I realize that I don't know the price that they bought at ! Or what percentage of their portfolio it is, how it is hedging within their portfolio and when they are selling! And that's just the start.
Patrick Boyle says he doesn't tell people what to buy because he will then have to tell them when to sell. That really hit home for me . I bought what Ark invest bought but at twice the price and I don't get to be at the meeting when they decide to sell.
The Bagel is a favorite of mine for solid informational content on finance.
The key to doing well in investing is to think long term. Be it Index funds or individual stocks, only invest in businesses that you believe in and are comfortable holding for several years.
Richard makes great videos and seems like a really genuine guy. Glad he’s had success on this platform!
Still a great interview! A lot of the things he said were things I learned growing up. All the kids in my family were given $100 each year and then had to make a presentation on stocks we wanted and the business's financials
That’s a really cool way to teach kids about investing at a young age wow
Thanks for this interview. I also liked the one with Patrick Boyle. Sucked in by greed caused a lot of folks to go broke! Over and over again, in so many areas!
Coffeezilla, that background animation is REALLY distracting. I find my eyes involuntarily focusing on it and out of your discussion.
Those are the stonks though.
At the start, I got a Tai Lopez ad 😂
He's still alive? I thought he left the internet....
As they say, everyone's an expert in a bull run xD
I've been watching you for about 2 weeks, coffeezilla, and I'm sold! Where can I buy your course?
I think this is one of the first interviews I'm really excited about since the interview with Patrick Boyle. Good stuff Coffeezilla!!!
We believe you Coffeezilla. Keep publishing quality videos, your beautiful hair is on the line...we don't want you to lose your hair.
Love plain bagel’s channel. Good job getting him on your show dude! Can’t wait to set aside some time to listen to this.
This has aged very well
that's kinda the point of value investing
Yeah, Mr Bagel was so spot on about “the next real downturn” hitting a lot of these speculative investors really hard
It was kind of the point and a big warning but I miss this time were we could complain about people being to optimistic.
A great investment fundamental talk which everyone tends to forget after 10 months of bull market euphoria. Thank you.
Wow, two of my favorite youtubers! So glad they collaborated together!
This video aged so well
I’m a huge fan of passive investing, but the idea that it takes the risk anxiety out of investing is ridiculous. Any particular index can dip just like a stock. Looking back at the Great Depression, it took 15 years for the market to recover.
I’m bullish on the US economy, but all societies have collapsed. There is no reason to think the US can’t have a catastrophic event like the Great Depression again. Is it likely? No, but passive or active, you still need to keep your life stage in mind.
So many people overlook this, kudos to you for keeping perspective open
I do think it does take some out of it compared to investing in individual stocks. If you invest in a broad index you have a rough expectation what kind of return range you can expect in the long and short term, and figure out in advance what you will do (just keep puttung in x $ every month). Individual stocks are way crazier, they can go up 1000% or down 90% in a few months and then do the reverse.
@@zweck4629 I think this is a misconception. There is nothing special about an index fund. The only thing an index fund does is create diversification cheaply.
If we look at Jan 2000 - 2009 the s&p had a -.95 return. This is known as the lost decade. If you are 20, that's fine. If you were 65 and relying on returns, this would have been devastating. We can also go back to the great depression. It took 15 years for the market to break even. That means many people died without ever seeing a return on their money.
From 1920 to now the S&P has historically returned around 10%. That is an average over 100 years and the variation between decades is drastic. My main point is when investing if you feel like there is little risk you are misinformed. You should always be managing towards goals and not expected returns.
You do realize we had 2 events larger than the great depression right? The financial crisis and the pandemic. The only difference is the fed was willing to print infinite amount of money to prop up everything, which didn't exist during the great depression. We were still on the gold standard back then, but we are fiat now.
My philosophy is if society collapses I have more to worry about than my investment portfolio. What else would I have put my money into? Survival equipment?
I've always been a fan of the Plain bagel channel and the way he simplify the financial notions. Thank you so much.
I don't know who need to hear this, you've got to stop saving money. Invest some part of it if you really want financial freedom
That needed to be said louder 📢📢
My Investment in stock and Bitcoin are really given the current increase
Exactly!
In a few years to come, people will be kicking themselves in regret if they miss this opportunity of buying and investing in crypto currency.
@@mildredlevine2691 that would be so devastating, but gradually it's happening
I have some Bitcon but I'm looking for a profitable platform I would be investing in
These are my two favorite channels. You should keep doing content together. Coffee and bagel has a ring to it. I'd watch a podcast with you guys both, just like the drip. Maybe you can have two podcasts
Watching this on a Sunday afternoon while enjoying 2 mini bagel with a cup of coffee.
YOLOING call options and put options is a legitimate investment strategy. Change my mind. - WSB
oh so true, I`d say one of the main skill for a trader is ability to test any tool/strategy, when you get it into your habit to test everything you hear or see on the internet it becomes very easy to filter out things that work vs things that dont.
These long interviews are fantastic, the guests are always superb
“But some guy on RUclips told me in a free webinar that I can make SIX figures a year on forex and investing in new bitcoins”
997.77
@Randy Ayala also former PUA dating coach
A professional is someone who never stops learning.
It's nice to see my favourite channels in one video together, Default Donut and Caffeine Creature, talking more sense than all of the finance lambo bros combined.
the best way for the average person to invest is to dollar cost average into index funds (or other low cost funds), through bull and bear markets. you can make money by trading and using technical analysis, but the results are random with little consistency. so you might as well buy and hold a fund and appreciate similar returns or even greater. not to mention the tax and commission disadvantages of short term in and out trading (which the trading "gurus" never tell you about btw)
"The one thing I know is that I know nothing." -Socrates
"The less you know the more you think you know."
What is an 18-year-old for $500
I was an arb in the early 80s and recruited by the major brokerage firm in Canada (which later became RBC Dominion). You have to learn how to value companies and then buy them at a margin of safety price well below your valuation. That is all there is to value investing. Speculation on momentum is just that, speculation. Some might get good at that but it is quite frenetic. I am too old for that - lol.
half donut finance is my favorite financial youtuber
Technical analysis works for those people who can sense a shift in sentiment and get into a trade before FOMO kicks in for other people.
[ Side note : Did anyone else get a Tai Lopez ad before the video started? ]
[ Only 28 days left on your self imposed "One video a day in January or I'll shave me head" ;) ]
Yup. I got one. Titled 67 steps for 2021.
@@iestepan4427 67 steps...I almost bought his course and did some research that led me to Jack Canfield's "The Success Principles" book. It had 64 steps, but the updated version added 3 more...too much of a coincidence, so I bought the book. It's now one of my favorite books.
Sorry...principles, not steps...
Woww i can't believe you are also a trader cheng teoh, I'm a fan of your game videos
@@rayman7596 lol, thanks for watching. I do also like to watch other people's thoughts on finance. Got to take advantage and have your money earn you more money since we never know how long this RUclips thing can last. ;)
TSLA calls go BRRRRRR 🚀
Haven't heard of plain bagel before but he seems like a cool guy, new sub.
June 2022. This interview has aged like the finest of fine wines 😌
:It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
I almost slept at the streets last year when my rent was due 😭 but thanks to a friend who introduced me to Dr Lydia Virginia Woodruff ,a financial adviser.
Please tell me more about this , I really have to plan for myself this new year
If you knew about bitcoin since 10 years ago you won’t be poor ever again . But the truth is that is never late to bitcoin , this year bitcoin is hitting the moon.
People are scared of investing because of high rate of unprofessionals in the business.
@Garry Eric So true. I’m retired and just started three weeks ago. I have earned $24,000 with just $9,000
This video deserves way more attention
Waaaaaaayyyyyyyy more attention...
Best crossover ever, go home endgame, you got nothin on these guys
A fan of Richard, thanks for bringing him up for a chat, always interesting to hear his opinion!
"You can throw a dart at a table and make money"
Sir this is a casino!
at least its fun in the casino
The secret to investing is risk management.
If you lose less than 100% on a yolo you're not managing your risk optimally.
@@klobiforpresident2254 What if you lose more than 100%?
Then you belong on r/WallStreetBets.
@@klobiforpresident2254 r/ihavereddit
That's not a secret it's just an aspect lol.
Guy is smart. Tesla is at 106 with a 360 billion valuation. Honda is 35 billion. At 10 bucks a share it should be about the same as Honda. It is trading more like Crypto.
This guy is what I am missing in my youtube subs - thanks so much for this interview and introducing me. Love this interview
I crack up at these generic Amazon commercials that just show how "happy" and "blessed" their employees are
Warren Buffett's advice is the best and he gives it away free.
go to berkshire hathaway and tell them to take your money and invest it but you're not going to pay them anything
The Plain Bagel is awesome. Love his work. Learnt a bunch from his vids.
When it comes to investing in stocks, understanding the fundamentals of the company is most important. As Peter Lynch (one of the top investors of all time) once said:
"Stocks are not lottery tickets. Behind every stock is a Company. When the company does well, the stock does well. When a company does bad, the stock does bad. It's really not that complicated." Determining whether a company has a good track record, has a good balance sheet, and are making great products is the fundamental analysis. If you want to pick your own stocks, the fundamentals are most important.
Great interview! Just a tip Mr. Coffee, that background of yours was really distracting. I had to just scroll down here and listen as an audio only thing while I worked, lol. Otherwise, this was good.
Just saw a Tony R advert of him making sure I’m prepared for 2021 lmao
I watch the Plain bagel made a stock playlist with a lot of their videos. I watched them when I was trying to learn the basic.
I'm a plain man, I see a Half Donut and I like the video.
When an old pair of apple headphones sound better than the professional mic lol..
Thanks for the great content man! Was a great interview
Investing is so fucking boring for most people, but it’s so damn important, just buy market cap weighted index funds. And buy them regularly. Let compound interest do the rest of the work.
learning how to do cash only long calls or puts is not hard, just don't use margin and your risk is still limited to what you opened it at.
Haven't seen all of this yet, but this is a great chat. Great conversation giving people a chance to learn from right-minded people!
show me one thing tho that tesla has failed at in like the last 10 years. except for minor bullshit like slightly delayed model 3 production stuff like that. not only have they performed but performed better than what anyone expected, against all odds. so it is a bad example to hold up as an overhyped company.
Shhh! Don't tell them that.
I do a similar thing with my friends. Big fan of this guy, never heard of him before.
If the RUclips gurus where really that good they’d get a series 7 and manage more money to make more off of commissions
I am a simple man. I hear the words "plain", "long term" and "boring" - I subscribe.
My dude took some shots at the boiz over at WSB 😤
Technical analysis seems to be like the dials on a jumbo jet. You can tell somebody that these few dials should sit between x and y values, they might be able to fly the plane for a little while but it certainly doesn't make them a pilot.
I think its more like a boy that somehow got beind a steering wheel and has convinced himself hes gonna be a pro driver because he drove from his house to the end of an empty street
@@billybillson9831 - Then they have a happy accident?
@@bradburyrobinson they get into a bad accident into happy lil trees :(
I need a Coffee and Bagels weekly podcast in my life.
at 40 minutes when he asked TPB for book recommendations, I thought, he should just write a book. Loved this interview after binge watching the Billy Gene and PBD lives. Honestly I've always liked PBD through Valuetainment, and seeing him represent PHP on the live was very interesting stuff. I appreciate you, Zilla!
Check out Charlie Lee, founder of Litecoin regarding the pump and dumps. He held a sizable position of probably hundreds of millions of usd fiat and sold on the way up back in 2017, with the claim that it is best if he steps away, similar to Satoshi Nakomoto with bitcoin.
Try reading Irrational Excuberance. It's a great introduction to the previous bubbles and crashes in the markets
Everything about this is on the money. I'm an active investor of over a decade. and like so many others, in my first couple years I day-traded and did options. Lost it all. And you guys are right, it's a crucible, you just have to play the game to learn the rules...you can't read it in a book or learn it in a classroom.
I was going to suggest Peter Lynch "One Up" as a good place to start reading, as well as "Random Walk"...but I think you guys mentioned both in the call. These days I'm all about value, dividends and buying dips. It ain't sexy...but it works, it's repeatable, and it's low risk.
Plain Bagel may be fairly young, but he's got a superior grasp on the whole industry and approach. I don't think their was a single thing I disagreed with...but it took me more than 10 years to learn what he has in only a few...he's going places. I wouldn't be surprised if he was running his own fund in the future.
Well the guy said he has no experience trading short term. What value his opinion about technical really worth? Fundamentals matter nothing in a span of hours and days. Momentum created by news, reaction - by technicals, that really study liquidity, not some magical Ganns moon cycles. Long term investment is governed almost solely by fundamentals. You can ignore technicals if you are happy with averaging in or opportunistic approach waiting for blood on the streets which works very well if you have cash, patients and courage.
Fundamental analysis only works if you will have that particular stock for the long term.
Idk why bagel doesn't make it clear, technical analysis works for day, swing, and even leaps(monthly-yearly).
U will miss out on soo much if you just look at the fundamentals smh
The ed sheeran of investment
Id like to know what inspired cofeezilla to make these vids. I can imagine him being some 18 year old pleb getting scammed left and right until he put on the mantle of exposing scammers
TSLA's PE ratio is currently over 1600
Amazing interview!! Thank you, both!! 👍🤓👍
nice video! i would try to balance audio between you and plain bagel next time ;)
A good book for understanding the stock market and it's history is "A Random Walk Down Wall Street".
Check out Common Stocks and Uncommon Profits by Philip Fisher. I was written around 50 years ago and still holds up. I like hearing the history of Hewlett-Packard, DuPont, RCA, etc and how much it relates to modern companies like Google, Tesla, etc
the book crushes your dreams of the get rich quick scheme. Malkiel is also a complete savage in his writings. love it
This guy 100% Genuine talking. For stock forex traders should study CFA CMT STA CISI MBA Exchanges own genuine courses. Must also study free from Genuine Brokers company own website like IG index FXCM and other top brokers they provide free great courses. Avoid fake Gurus get proper educations and genuine qualified trainers who has professional qualifications.
Im glad to see sane people in this space.
Stocks are good but I swapped and invested in Forex and Bitcoin trading I've been making good profit.
Exactly!!
Forex and Bitcoin trading are profitable but with the help of an Expert.
I just sold all my Stocks.
Thinking of switching to either Forex or Bitcoin trading.
I tried trading on my own but I lost all my money 😢😢
I started active trading in the beginning of November and i have made multiple 10-20% days. I can consistently make 1-4% almost every green day i have. Its not that hard. Here is some math to prove just how possible making 1% a day is. Lets say i have a 1000 dollar account, 1% of 1000 bucks is 10 bucks. Lets say i buy 50 shares of a 5 dollar stock for 250 bucks, now if the stock goes up .20 cents. I just made 20 cents per share of 50 shares. Thats 10 bucks. From a single trade from a .20 cent move in a stocks price. Its incredibly possible. You cannot understand though because investing and trading are ENTIRELY different. A hedge fund manager that did no trading at the hedge fund does not become qualified or knowledgeable when it comes to trading just because he did investing. Its like a basketball player thinking he can then play soccer because technically soccer and basketball are both “sports”. Another thing that is important that destroys your arguments against how insane 1% a day is. Is that when you are trading you are not benefiting from compound interest, when you are trading you usually will trade with the exact same amount of money everyday and the profit he makes in a day gets withdrawn into his bank account. It doesnt stay in the account and grow.
That’s really stupid. Why no compound interest? Invest the money you made a day prior and you have compound interest. Just do that for 4,5 years in a row and you are the richest Person on earth. By far.
the problem here is that you dont talk about when you lose..
@@FUCKYOU6677 nor about the short term capital gains tax and trading fees
I’m curious what he thinks of the commodities sectors. With a market sooo over inflated and commodities sooo beaten down just based on broad analysis I like the investments. Metals and energy I think will be the biggest movers.
Man, this channel is extremely undersubscribed. This man deserves more subs.