Net Worth Explained | Don McMillan Comedy
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- Опубликовано: 4 окт 2024
- #wealth #networth #standupcomedy
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America's #1 Nerdy Comedian
What do you get when you cross an Engineer with a stand-up comedian? You get Don McMillan. This former chip designer has been doing his one-of-a-kind, PowerPoint-Driven comedy show for audiences for over 20 years. In his show packed with graphs & charts, Don will show you the funny side of your world that has been sitting right in front of you - you are just too busy working to notice. Don graduated from Stanford University with a Master’s Degree in Electrical Engineering. He then went to work at AT&T Bell Labs where he was part of the team that designed the world’s first 32-bit microprocessor. He then moved to Silicon Valley where he helped launch the start-up company, VLSI Technology. Then after 15 years in the tech world, Don quit his job to become a stand-up comedian. That year he won $100,000 as the Comedy Grand Champion on “Star Search”. Don’s been seen on “The Tonight Show”, “HBO”, and the “Comedy Central”. These days, Don spends most of his time writing and performing customized corporate comedy shows for companies like Google, Apple, Amazon, Microsoft, Ford Motors, and Exxon/Mobil. Don has performed more than 800 corporate shows in the last 20 years and he was named the #1 Corporate Comedian by the CBS Business Network.
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You know, given that most billionaires' net worth is tied up in property, stocks, etc. (ie, stuff that is worth money but not money itself) referring to it as "imaginary money" actually makes sense
All money is imaginary. It's all just faith.
@@MarshallTheArtist well, back when people used gold as money, it was real (if technically arbitrary)
@@Deathnotefan97 It was real in the same way that all social constructs are.
@@MarshallTheArtist Not exactly. It was a physical commodity, but the trade value of that commodity was indeed socially determined, as is the value of literally anything else. Fiat currency barely even has a physical form anymore and what little it ever did have was always predicated entirely on socially-arbitrated "value" to begin with.
IOW the physical fiat note or alloy was minted merely to directly represent a "value" socially-constructed ex nihilo, whereas a minted precious metal or promissory note was created to guarantee a fixed quantity of said physical commodity whose "value" was market-driven.
The fiat currency is created to grant vast manipulative powers to the central authority minting it, while commodity money is more intrinsically tied to market valuation and requires intermediary tricks to accomplish a generally lesser degree of such manipulation.
If he was wealthy. He would release his tax, but his niece released part of it and that part showed he was broke. He said the other half shows he's wealthy, but won't release it.
If you know your exact net worth, it can't be much.
I just take whatever is in my pocket, subtract my credit cards, car loan and whatever it costs buy a bag of weed.
@@dop01 Unironically based outlook.
I track mine in a spreadsheet. It's not exact, nor is it much. But I do have a number.
1010.89
@@dop01 But then the bag of weed would be an asset. At least until you smoke it. Then you just won't care any longer.
As a kid would call them the "fake numbers" or "Easter Bunny numbers" to annoy our math teacher. Our math teacher got back at us to annoy us she taught us complex numbers.
This is why I much prefer the original name for them, lateral numbers
One of my students asked me what does 60+100i mean as the score. I said 60 was "your real score" and 100 was "your imaginary score."
@@chiensyangtoo bad they didn't respond with "wouldn't that make my actual score 116.62?"
I like this Easter bunny numbers idea. Fibonacci had some interesting ideas about rabbits too, but that can get exhausting after a while
Complex numbers, you mean girl numbers?
Was really hoping his venn diagram would actually just stay as 2 seperate curcles
It would at least create the number 8
Lol yeah that's what I thought it was going to be
The third level to this joke is for people that understand that non-intersecting venn diagrams can exist.
*circles
@@Arai503 that is not correct. that would be an euler diagram
As a computer scientist I heard him emphasize the word "complex" and knew immediately how the punchline would follow. Oof.
Ya I heard the setup and was cracking up before the punchline, it’s a good one.
Yep. I was kinda disappointed he didn't get a laugh right then and there.
@@HotelPapa100 remember: "math class is tough".
I clicked hoping the joke would be made
His net worth can be determined via quaternion functions in a normalized set of matrices.
How many people do you reckon completely wiffed on the fact that imaginary numbers are also referred to as complex numbers. I love this joke.
complex numbers are if you combine real and imaginary numbers. That allows you to discover new math 😜
complex numbers aren't imaginary numbers. Imaginary numbers make up the imaginary part of complex numbers. They are any experession involving the square root of a negative number, usually with i = sqrt(-1)
Heyo, present.
Honestly, I didn't get the joke.
Thanks for explaining it to me.
It works without that too, with Trump's imaginary wealth, imaginary intellect, imaginary business instincts and imaginary talks (the famous "I once said to ... and he/she said I was a genius for saying that").
I love it! For maximum impact, you can also substitute the letter "j" if you are doing stand up in Silicon Valley (or other similarly "tech heavy" area). In circuit analysis, "j" is used instead of "i" because "i" is used for electrical current.
And why the f*** we use j for existing impedances is not explained, but we do
Also in programming j is used because i stands for index already
Physicist use j for the electric current density.
@@jensphiliphohmann1876 usually it's uppercase J for current density and lowercase j for the imaginary unit
Using "i" for the imaginary unit shows that you're one of the cool kids, like us mathematicians.
Eleventy-billion is still one of my favorite numbers.
Do you think eleventy is like 11 11s or 11 to the power of 11?
@@Skullhawk13 Yes.
He missed an opportunity to put i in the Venn diagram overlap.
Or turn it into a Newton's basin as they got close together...
This got me to laugh. Imaginary numbers are fun. :)
aren't all numbers imaginary? they don't exist outside of what we acknowledge them to be
@@lindaward3156 Fair. Though there are specific types of numbers called "imaginary numbers". Not the best name, but that's how they are. I don't remember what they're used for though...
@@lindaward3156 You are, to an extent, right. But that is not what is meant by "Imaginary (or complex) numbers".
@@davidcolin6519 yes I/m aware, it was- an attempt of esoteric humor. I guess you didn't get it
@@lindaward3156
No they are abstract concepts.
i dunno "Imaginary Net worth" sounds accurately amusing
Sure Jan
But be careful when squaring it.
Imaginary net worth is part of a complex net worth.
@@spacetoast7783 I imagine Trump's finances are pretty complex. Billionaires' net worth is, the nature of the beast. Tax avoidance isn't easy. If it were, legions of accountants and lawyers would be looking for jobs at Starbucks.
Philosophical thought of the day: All net worth is imaginary.
Good to know I'm part of the 1% for once in my life 😂
woohoo I’ll never be part of the other 1% so I will take this win
Imaginary or NOT... IRS wants their cut
Well they got about $500 last year, from what I know.
@@TarisSinclair Blame the tax code... they allow people to write off "loses" as taxes paid. Most billionaires have "loses" that they are able to write off.
"Taxman" ~ The Beatles
Anyone who owns a business has write offs and rightly so. They take enough money through every conceivable tax imaginary, so it's pretty fair to be able to mitigate it or get some back.
Imaginary Revenue Service
I’d like to have that imaginary net worth. It helps you fly from your skyscraper to your other skyscrapers on your personal 747.
On your personal 747i
He's right: most money is imaginary no matter who possesses it :D
Yep, it's all funny money
The imaginary net worth basically means that the money is in stocks and/or real estate and/or some other valuable, all of which can fluctuate in “value” on who wants it.
The other reason a lot of it is imaginary is because the claimed value was manipulated (usually inflated so he had more capital to back commercial real estate loans to get larger loans on better terms). There's also been a commercial real estate valuation collapse ever since the pandemic and work from home took off, which reduces his real valuations. Albeit, he's far from alone in not accepting the commercial real estate market is not what it used to be since many corporate real estate owners (and banks) are refusing to write down the properties since executives want to put off putting the massive losses they are taking on their balance sheets as long as possible (ideally for their successor to have to break it to shareholders).
lol no
Trump has a huge court finding that he actively falsified the value of things; also have two sets of values, one for collateral, where higher is better, and taxes, where lower is better.
@@jofujinowriting down the value of capital can have a positive impact on numbers investors like (ROIC).
And if you are talking about Florida Mar y lago, value for taxes is different to value for loans/market price.
That actually is the case with any sort of investment. In fact, it is the case with everything, including cash. It is only worth what someone else will give you for it in the moment.
I'd rather have a president that leaves office with little net worth than one who gains tens or hundreds of millions of dollars while in office making $400k per year.
I'd rather have a president like Argentina's Javier Milei.
@@wickederebusviva la libertad carajo!
Damn, you're a big time Trump hater then.
You're also in the bottom 99% because you don't understand middle school math.
@@spacetoast7783 I'll pray for you
Always suspicious that.
Never bored, idk why but I just like to watch people work, it's a very different life from mine (that and I am an engineer and like to gain what lessons I can from what other engineers have done, plus, I get some insight into repairability and the factors that affect that)
Well, "imaginary " Number is real tho.
Some languages called it tangential
_i_ ∉ ℝ by definition. Did you mean to say that _i_ "exists"?
@@WG55 yeah that.
@@WG55there's an *extremely* good video series by Welch Labs called "Imaginary numbers are real".
Does it exist though, or is it just a mathematical trick to make some math easier.
@@tabularasa0606 idk, but it is useful enough and it does help reallife case. so exist enough
It didn't land as well as the other joke using the same Venn diagram intersection format. A few possible reasons:
- it could be construed as an attack on Trump and by extension, his supporters. (please no politically-charged replies; I'm just a joke explainer)
- a lot of more people understand imaginary numbers than quantum theory (which iirc was the topic in the aforementioned previous joke)
Was that his Heisenberg uncertainty principle joke?
The thing is, most wealth is imaginary these days. He didn’t dare mention that.
(If I have to explain why wealth is imaginary, you haven’t seen videos of filthy rich people explaining how they buy million dollar properties with debt)
Or the "joke" just wasn't funny
It's definitively a political joke. The thing is, as popular as Trump was, despite the entire establishment mocking him 24/7. The main reason Trump won was because people were tired of Obama's mismanagement/corruption. But they don't want you to remember Occupy Wall Street.
Basically, making fun of Trump just reminds us about those billions of dollars given away for free to usurers for tanking the economy.
@@markfergerson2145 everybody buys property with debt. What do you think a mortgage is?
this is the joke that made me say "I like this guy."
Subscribed
Fantastic. I watched his whole special couple years back. Hilarious
I liked it. It’s up there with the guy who thought he was the differentiator joke
Don is comedy gold! Great delivery and timing.
How was I not subbed to you before and why is today the day of all days you show up in my feed? I love your comedy and keep it up.
Maybe networth, and stock price in general should be measured in C not R, because of wavey fluctuations
Aw Man.... Took me 5 seconds to get this joke & I've written Mandelbrot programs, ... shame (on me).
Shame on you . I still don’t know their purpose but I got the joke the moment I saw the cover picture
@@danielm6247 it's because as a programmer, you have to use two real numbers to store one complex value. Programmers don't get to use their imagination.
Hey! I'm finally part of the 1%!
This Don (McMillan) is such a treasure!!
TAKE MY LIKES YOU FUCKING GENIUS
Douglas Adams was afraid to make jokes in Base 13, so this is brave.
Don McMillan is such an underrated comedian. I love how his mind works 😂
I saw the punchline coming the moment he jumped on the word "complex".
And was not disappointed.
You just added a new dimension to comedy, 😂
criminally underrated ^^
Omg love this guy so much 😂
Well, that joke had ME rolling. one-percenters represent!
From someone who knows electronics, I'm glad I had taken a gulp of beer some time before watching this.
Damn the iota
Not only complicated, but also complex
The Nerd we all wanted but never will get
As someone that understands imaginary numbers, I can attest that math is just not a funny subject
This is great lmaoo
I went to a dinner for mathematicians last night. The bill was real, but the food was imaginary.
Never thought I would say this, but I am in the 1%. Look at me now, mom, are you proud?
Finally, I'm in the top 1%.
Ok, that was hilarious, as far as I'm concerned!
Love the geek humor! Just my style! 😂
I'm happy to say, I understood that joke. I even predicted the punchline.
Brilliant
Laughed the moment I saw the i - thankyou university math.
Proud to be on the 1% for something.
This one is really funny x')
And if he squares his net worth it goes down
Nah it goes to the left
Finally I’m part of the 1%
I fucking love it it's fucking hilarious 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Jeff Bezos: anyone who puts PowerPoint in front of my face is fired
This guy: Making PowerPoint fun again 😜
That joke is in fact funny
He slipped a smooth "eat the rich" joke in there at the end.
Now that I've researched, I agree, this is a textbook great joke.
“Imaginary numbers” are, in fact, a real thing.
These court cases about to sentence him to a single multiplication of i to turn that whole thing negative 😂
Bro using math to express wealth as a 2D metric.
Heh. Saw it coming, still funny.
Yes! I finally made it into the 1%!
I love maths jokes!
I thought the joke was his net worth is sometimes negative
Coming from a finance background I was confused when I read the original formula as having "negative $3.1 billion" before even getting to the "i".
(A single number in Parenthesis usually indicates a negative in accounting)
I laughed at the equation, making me a member of that 1% Venn diagram overlap -- a dubious honor at best!
You are a sad sad little man that is trying way too hard. Get help.
LMAO A top tier complex number joke.
It makes more people laugh outside the U.S.A. than inside it.
I use the tRump name to describe my morning movement as in, brb, I have to take a tRump.
It wasn't funny, it was hilarious!
Imaginary is the valuation of Truth Social which is completely and utterly out of touch with financial reality.
You don't get to decide that. Facebook loses money and should have negative value. You are so slow that you are claiming others are out of touch with financial reality when it is clear you are the one that is unintelligent.
Pravda (communist party of russia's newspaper) means 'truth' .. Kinda fits, too, he's got Soviet level truth-telling skills.
Yet another example of crazy trump grift, stealing money from illiterate supporters
Alright, That was actually a very good joke.
Thanks
It's easy to put a number on net wealth if it's from listed shares, it's not so easy when it's real estate and private companies.
LOL yeay, im finally in the 1%
That joke is great. It just doesn't work on a real audience :-)
Something you must understand when dealing the masses: the M is often silent... But they are not. 😜
I do most of my jokes for imaginary audiences and they work really well
I liked it
For once, I am in the 1%
That’s funny
Is harder to find people with sense of humor than math nerds
Since the vast majority of wealth is in unrealized gains, yes, it is most accurately considered imaginary
Great Joke Don 😊🙏❤️
38:00 eh, it's more a lack of knowledge in women's fashion & attire, though some of these terms may be more American specific than i realize
Capris ('ka-preeze') are short trousers that are longer than typical shorts, so cut-off somewhere between the mid-shin and ankles usually, Chucks are Chuck Taylor shoes and i think Burks are Birkenstock cork sandals?
I'm prety sure 'i' actually makes it complex. You sort of proved him right...
45 -> 47!
I don't think he'll be in any shape to run in 2028
Yo, whys Vegeta the head of the Ruu Clan
I'm a 1%er!
Woo-hoo!
His net worth back then was more solid, a billion dollar skyscraper with 20% equity for using his name to get financing or one he owns with 65% financing and 35% equity; those 2 examples would be $550 million. Now, he owns 60% of a public company with a market cap of 6.14 billion (down from $9.8 billion.) He probably peaked at $10 billion in assets including money he invested into his children and debt that tenants would pay off over time prior to this business, maybe $3 billion net; so with this business maybe $7 billion now and 10 billion in net worth including building equity and stock shares owned. The downside is if you sell a building the value doesn't go down, if he started selling shares; the value may go down.
It did, in fact, land
He glossed entirely over how he got the 3.1b, which is where the complexity lives. That number can probably vary by hundreds of millions depending on the day
I clicked this thinking it was a martial arts video. Don’t judge the first pic you see.
Hey I saw the punchline coming :D
I have just been doing my maths exams
Trump: “My net worth is very complex”
Me with absolutely no net worth outside of my imagination doing my best Norman Osborn impression: “You know, my net worth is something of a complex number itself 🥴”
Thing is tho, the imaginary part in complex numbers has a real tangible effects on the real world. Your and my imaginary money is purely imaginary.
1%, you were correct.
if you know your average mathematician, you'd set that overlap to (1/1%)%
Imaginary numbers aren't actually imaginary. They are simple perpendicular. We use them in engineering. For example, if you go to any commercial building you will see a transformer outside and that transformer will be rated in kVA. That kVA rating is the sqrt ((real power rating in watts)^2+(reactive power rating in VAR)^2). Within this calculation the reactive power is "i" or as we call it...imaginary, but it is in fact something very real. You will also notice by the structure of the calculation that it is really just pythagorean theorem. Real power is on the x axis, reactive power is on the y axis and the kva rating is simply the magnitude of the hypotenuse. Imaginary numbers were never really imaginary to begin with. It is just a name. As you can see, I fall in the left circle of the Venn diagram.
That sounds about right. on Paper i am a millionaire but i live paycheck to paycheck 100k a year before taxes. 4 mortgage payments. My day job makes 60k the 40k comes from the properties. I still havent made back what i put in to get and fix the properties. They did appreciate in value and i have paid down enough to make me a millionaire on paper. I am driving around in a used Mitsubishi mirage living paycheck to paycheck but this will eventually pay out in the long run.
I think that people that understand imaginary numbers hate this joke even more because you obviously don't.