Forbes Has A FRAUD Problem | Asmongold Reacts

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  • Опубликовано: 15 апр 2023
  • you don't wanna be on the forbes cover.
    by @PBoyle • Forbes Has a Fraud Pro...
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    Channel Editors: CatDany & Daily Dose of Asmongold
    If you own the copyright of content showed in this video and would like it to be removed:
    / catdanyru
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Комментарии • 289

  • @Zataril
    @Zataril Год назад +994

    Dude is roasting folks in the most deadpan voice while staring wideeyed into your soul.. I love it.. lol

    • @Psycatrice
      @Psycatrice Год назад

      Couldn't listen to the entire thing, sounded like god damn matt taibbi and his vocal fry, unbearable.

    • @verihimthered2418
      @verihimthered2418 Год назад +29

      It's like starring into the eyes of the holy ghost

    • @kinryuten
      @kinryuten Год назад +15

      ​@@Vihara2 The Celts are good at that

    • @jessebates2884
      @jessebates2884 Год назад +18

      It's a masterclass in dry humor from a guy who looks like he runs a prospering rental tuxedo business.

    • @markandrew5968
      @markandrew5968 Год назад +2

      This dude is a straight up savage

  • @fatelvis1473
    @fatelvis1473 Год назад +663

    this guy has a humor at a level that makes Asmon's editor go "finally, a worth opponent"

  • @warren_r
    @warren_r Год назад +706

    Patrick Boyle's content can be a bit dry but I'll be damned if it isn't straight up one of the best, most educational channels on RUclips when it comes to financial topics.

    • @shadeitplease7383
      @shadeitplease7383 Год назад +112

      And that dry humor is always amazing lol

    • @MorsAquilae
      @MorsAquilae Год назад +27

      Only on RUclips where you can find a Hedge Fund Manager content creator.

    • @saninorochimaru2
      @saninorochimaru2 Год назад +34

      I don't find it dry at all. The man's humor however, is drier than a desert and I'm all for it.

    • @tatebludau4637
      @tatebludau4637 Год назад +6

      He’s got good dry humor too

    • @AnimeRPGgame
      @AnimeRPGgame Год назад

      true

  • @bemlok
    @bemlok Год назад +274

    Recently here in Brazil, an influencer created a brand and was accused of scam because her makeups was making false advertising about the quality of the products. People started to prove that the makeups sucks. The other thing is that her audience are not rich people, but her products was more expensive than a famous products.
    What did Brazilian Forbes do? They praised her because her brand was lucrative and because she earned millions with that.

    • @eatmyass
      @eatmyass Год назад +14

      Brazilian forbes Should do an entire run on just how long that country kept retro video games alive that was amazing

    • @RobotMasterSplash
      @RobotMasterSplash Год назад +8

      @@eatmyass That one is because of the ludicrous import tax laws that the region has had for ages, buying a modern console there is like trying to buy a top of the line computer in America on half your wages. Sega was smart enough to set up a factory there to produce Genesis and Master System hardware under domestic taxes instead, which still operates to this day, and is a big reason why Sega has been able to ride out their worst financial periods. With it being around producing the same hardware for so long, Sega and the Genesis effectively became cultural icons for the young generations of the region, resulting in the strong popularity seen in current times.

    • @eatmyass
      @eatmyass Год назад

      @@RobotMasterSplash Your not wrong but that doesn't change my opinion that those programmers existing with solely what was available to them managed to create new products that still amaze me...
      They should be recognized for taking a bad situation and elevating it into 8-16 bit art I still find amazing to this day

    • @Maridu01
      @Maridu01 6 месяцев назад +1

      I’m from Rio. Who are you talking about? Quem foi?

    • @bemlok
      @bemlok 6 месяцев назад +2

      @@Maridu01 A base da Virgínia, enquanto estavam criticando e questionando sobre a qualidade dos produtos, e ela entrava em desespero criando promoções mirabolantes pra vender as maquiagens, a Forbes tava parabenizando o lucro (matéria claramente comprada).

  • @DontaviaM
    @DontaviaM Год назад +95

    I was dead when he said the company Nikola should have been named newton instead 😭 9:45

  • @FritzSchober
    @FritzSchober Год назад +76

    Asmongold found Patrick Boyle - awesome - I love to watch them both. Patrick Boyle has such a dry humor and deep knowledge about finances. Asmon has down to earth takes on other topics. This is a nice match.

  • @QuellAle
    @QuellAle Год назад +13

    One of my bosses ended on Forbes in the "100 most influential women in Italy". One year later the company is basically bankrupt.

  • @AN-ee4oj
    @AN-ee4oj Год назад +58

    A crossover I never expected, I love it

  • @garrettmandujano2996
    @garrettmandujano2996 Год назад +15

    “Positive news generally indicates the end of superior performance and negative news generally indicates the end of poor performance”
    I had to rewatch a few times to understand

  • @WestPictures
    @WestPictures Год назад +43

    I unsubscribed from Forbes at least 3 years ago but they still send me their magazine for free. I remember the Nikola Motors article they had and thinking "doesn't this seem like a huge fraud?"

    • @Lobsterwithinternet
      @Lobsterwithinternet Год назад

      Most of modern Wall street is built on fraud and bulls**t so that goes without saying.

    • @morkzorckerborg5000
      @morkzorckerborg5000 Год назад

      i heard theyre still in business, not sure what happened to the $ 30 billion deal with gm... they need to stop bastardizing the deceased... i will never understand the hype and willingness to buy a company worth more than half of your company (gm ~ $50 billion valuation) without seeing a product at the very least. also couldnt believe everyone assumed they made a fully functioning ev semi in under a year without any setbacks... the future is full of fraud

  • @mannyvaldez9889
    @mannyvaldez9889 Год назад +236

    Anyone else think it’s weird you get videos recommended to you then Asmon ends up reacting to it

    • @n91312
      @n91312 Год назад +2

      Seems like you watch too much Asmongoblin

    • @darrinEH
      @darrinEH Год назад

      The algorithm is our clandestine king.

    • @Animaster89
      @Animaster89 Год назад

      The matrix is cummimg for you. Stay strong brother

    • @TacticalDimples
      @TacticalDimples Год назад

      @@darrinEH move over Jesus, Al-Gorythm is our new savior.

    • @tensinkano6888
      @tensinkano6888 Год назад +1

      No…….. he exclusively only reacts to pretty popular content creators ….. so it makes sense

  • @Saint_Oscar
    @Saint_Oscar Год назад +19

    This man's average banger puns-per-minute is absurd and refreshing.

  • @Toddv1
    @Toddv1 Год назад +9

    That dude was the Justin Hammer to Elon's Tony Stark. Actually named his electric vehicle company "Nikola"? COME ON! 🤣🤣🤣

    • @cecollins68
      @cecollins68 Год назад +3

      Lol that's literally it wtf 😂😂

  • @RAS_Squints
    @RAS_Squints Год назад +10

    Patrick Boyle dry sense of humor is funny, especially when he dumks on a targets without skipping a beat.

  • @mojoboingo1744
    @mojoboingo1744 Год назад +28

    This man's presentation style is next level while being so simple. And I think when everything runs on hype culture, everything is doomed to burn out.

  • @tuttiritari8003
    @tuttiritari8003 Год назад +111

    this guys dry humor was great holy shit! I love when asmon reacts to videos not about gaming and especially MMO's. More plz

    • @Arigator2
      @Arigator2 Год назад

      That's far from his funniest video too. The ones on FTX are epic.

  • @Gauldoth06
    @Gauldoth06 Год назад +18

    I love to see Patrick Boyle covered by Asmon.

  • @NobuhikuObayashi
    @NobuhikuObayashi Год назад +6

    Forbes, 30 criminals under 30

  • @SabbyTheWitch
    @SabbyTheWitch Год назад +57

    Forbes has had this problem for decades XD Sadly the list is just fucked.

  • @scshupe7411
    @scshupe7411 Год назад +8

    Just about spit out my drink on the “Crypto Hobbit,” hadn’t heard that one.

  • @chrisb.2028
    @chrisb.2028 Год назад +15

    You should check more of Patrick's content, his "comedy" style is so refreshing, not to mention how informative his content is.

  • @FourOf92000
    @FourOf92000 Год назад +3

    26:30 might also be because "mediocrity" just meant "averageness" in the statistical sense at the time, and the connotation moved underneath the term

  • @MikeB-ev4fh
    @MikeB-ev4fh Год назад +3

    Regression to the mean... Whenever people outperform or underperform in a huge way, they tend to go back to average simply because average is more likely... and no other reason.

  • @MorsAquilae
    @MorsAquilae Год назад +13

    This guy is a Hedge Fund manager btw. Good finance content.

  • @dameneko
    @dameneko Год назад +10

    Glad to see one of my favorite finance channels featured on here. That Cathie Wood shade was extra special.

  • @tylerblackburn3760
    @tylerblackburn3760 Год назад +3

    My Netflix got compromised and gets used in the middle east but I always tell Netflix it's me and they don't ban them cuz like fuck Netflix for its lack of password sharing

  • @mokeymale8350
    @mokeymale8350 Год назад +19

    It definitely seems like Forbes is amazing at pointing out bubbles about to burst

    • @siliconhawk9293
      @siliconhawk9293 Год назад

      they should start a hedge fund of sorts just because of how good they are at finding weird scammy shit or maybe a investigative journalism kinda thing or something sounds like their thing.

  • @ZanathKariashi
    @ZanathKariashi Год назад +5

    Someone out-performing is usually a sign either a confluence of good luck occurring or shadiness behind the scenes, both of which typically aren't sustainable, especially when people start looking into them and either exploiting arbitrage to tap into and wittle away at whatever luck advantage they've been enjoying or seeing the red/yellow flags that pull the company down once people start paying closer attention to specifics.
    Where as a negative indicator usually gets attention by people looking into a company that might've flown under the radar otherwise or attracting attention to an existing, stagnate company that is under-going a painful but necessary restructuring that can be a sign for greatly improved future performance.
    I can definitely recommend more of Patrick's videos if you're interested as he does cover that sort of stuff in some of his videos. (he's a finance professor that started doing RUclips on the side as a supplement for his classes and did some of his lectures during Covid lockdowns on there as well).
    His early videos are far more straight forward lectures and lessons, but his more recent stuff is similar to quality to this one as he started find a good balance between entertainment and education, even if it's still very much still heavy on the dry side of humor.

  • @PsychoticEwok
    @PsychoticEwok Год назад +8

    The reason that a lot of people that get a lot of media coverage end up going to prison is because if something seems too good to be true it generally is 👍
    And the media loves extraordinary people and achievements

    • @elconquistador9667
      @elconquistador9667 11 месяцев назад

      Another reason is that most successful people get their success through unsavory means, and these highly publicized people just happened to get caught because they had everyone's eyes on them.

  • @Kimberly-xz1yi
    @Kimberly-xz1yi Год назад +9

    This guy's humor is exactly what I want to see.

  • @nitu9910
    @nitu9910 Год назад +2

    The truth is that it is ALL the magazines promote these scammers for a tip, but only Forbes stands out because it is the best known

  • @mattiasfahlgren6136
    @mattiasfahlgren6136 Год назад +6

    Who would have guessed...

  • @pogo8050
    @pogo8050 Год назад +3

    I was not expecting Asmon to start reacting to my laddie Pat

  • @Remedy462
    @Remedy462 Год назад +2

    I deem this man, "Count Deadpanula," such an immaculate blend of dark comedy and deadpan comedy. Truly a feat for the era! *Sips dark tea*

  • @copypastemyname
    @copypastemyname Год назад +3

    To be fair "mean" is a better term than "mediocrity", mediocrity prescribes some kind of quality to the variable values whereas the mean does not and random variables are not always qualitative.

    • @habama1077
      @habama1077 Месяц назад

      Exactly. It's entirely possible, that ,,mediocre" didn't come with qualitative connotations hundreds (or just dozens) of years ago.

  • @irekaias
    @irekaias Год назад +2

    Deadpan snark coalesced and became Patrick Boyle.
    I remember reading the piece about Theranos when it came out and I had recently graduated and thinking "Of course she had to drop out, any profesor would shut this 9yo delusion on the spot"

  • @czerro1
    @czerro1 Год назад +2

    Sidenote: The thing that strikes me about the Icogni ad, and other similar services, is that they are ALSO collecting data on you and essentially centralizing them in their own portfolio. There is one called Rocket Cash or something that I hear about as an ad insert on a certain podcast network, and the thing sounds super sketchy: Finds all the subscriptions, even the ones you forgot about, and helps you manage and delete them to save money.
    But how can that be, unless they also have access to predatory databases and have all my information to begin with?
    It's like if the stalker that digs through your trash, also offers a service to buy all your groceries for you, because he knows what you buy. It's SUPER CONVENIENT, because of course he already has all your credit card and identity information. He'll even let himself in, and stock it direct to your fridge while you are at work, because he of course also has keys, whether or not you are paying for this other service.

  • @undeadNova
    @undeadNova Год назад +1

    the super dry deliver of all lines makes this so much better, gods be good

  • @eddiec5036
    @eddiec5036 Год назад +3

    Patrick getting the exposure he deserves!

  • @Gainz__
    @Gainz__ Год назад +3

    I love that Asmon has discovered Boyle

  • @tessish
    @tessish Год назад +7

    This guy is SAVAGE, and I'm kinda here for it.

  • @stevendorsey4850
    @stevendorsey4850 Год назад +2

    2:42 -- They do seem to be doing a good job of doing law enforcement's job for them though. At this point, if I was law enforcement, I would use Forbes as a resource for who to investigate next, and be done with it. They're consistently 30 for 30 ;).

  • @piotrjeske4599
    @piotrjeske4599 Год назад +2

    In my country they did got money from US , world banks etc stuff was never paid back, nor were what was promised ever delivetered. And l can't remember, if Isreal ever "extradited" anyone ever.

  • @just_a_turtle_chad
    @just_a_turtle_chad Год назад +79

    Forbes doesn't just have a fraud problem, it has an intelligence problem 😂

    • @trueneese8080
      @trueneese8080 Год назад +1

      You mean an intelligence agency problem? Might be craftier than u realize

    • @krystinaleecrocker307
      @krystinaleecrocker307 Год назад +2

      Bc it's not ok to just walk around and be like I well I will be her or him today or next month. Normal people don't think like that. It's the original that's smarter and not psycho.. Something needs to be done with them. And they talk bad about drug addicts and s-it. 😮😮😮

    • @Lobsterwithinternet
      @Lobsterwithinternet Год назад

      More like Wallstreet has a bulls**t problem as Forbes is only playing the game.

  • @hensli
    @hensli Год назад +1

    It amazes me that the AK47’s creation was essentially the birth of the modern day “assault rifle” style firearm, yet it’s still one of the most prevalent and reliable weapon system on the market by an absolute landslide, only being tailed by the Armalite platform by an overwhelmingly significant lead.

  • @4.1132
    @4.1132 Год назад +8

    Love his channel ❤
    Hallelujah for people that can use proper sources and citations, that know what they’re actually talking about.
    Also recommend The Plain Bagel, How Money Works and Economics Explained.
    And f*ck the pest of financial influencers with bogus courses, that probably can’t even do basic accounting let alone give financial advice.

  • @ivoryowl
    @ivoryowl Год назад +1

    If we look at where the wealth concentrated - individuals, corporations, countries - how much of it came from less than legal or even ethical means?

  • @geekehUK
    @geekehUK Год назад

    When you're talking about publicly traded companies, it kinda makes sense. A popular publication praises them and everyone invests, causing the company to become overvalued, the professionals see a collapse coming and get out, which then causes the collapse. In the reverse, negative publicity causes the public to panic and sell, the stock price drops, professionals see a company with decent fundamentals but a run of bad luck, and know it's seriously undervalued so they invest. On top of that a company that had been under performing will often have a change of management and cost cutting measures, they may kill programs they've been experimenting with but haven't been profitable and redouble their focus on their core businesses. A lot of things that can turn a compony around, or they may get bought out, which is usually a good deal for an investor.

  • @k310501
    @k310501 Год назад +3

    and it's ongoing at this very moment.

  • @enryniel
    @enryniel Год назад +8

    Finally Asmon reacting to a channel that i watch regularly ツ

  • @ajwaddanwarr3409
    @ajwaddanwarr3409 Год назад +3

    When I first got to Uni that list made me feel really insecure, felt like I was doing nothing with my life. But now that I am approaching my 30s I realise success never happens over night and to keep your success you need wisdom. Success at a young age is nepotism or luck, and neither of that shit is sustainable without the right people around you and a healthy mindset. You can point to Zuckerberg but even he stated that his been coding for almost 8 years before fb.

  • @Karl_Marksman
    @Karl_Marksman Год назад

    Herr Starr always was my favorite character from the Preacher series, good to see him branching out

  • @stumpymcstump
    @stumpymcstump Год назад

    "Do they really think that they are going to get away with it?" Yep, they do. Never assume that you are the smartest person in the room.

  • @Maridu01
    @Maridu01 6 месяцев назад +1

    I love your channel, your comments, your sense of humor but especially your approach to subjects outside of gaming. I wish you’d stray more from gaming ❤

  • @PostNoteIt
    @PostNoteIt Год назад

    Streamer Awards have the same mechanic as magazine covers.

  • @HAXKSA14
    @HAXKSA14 Год назад +1

    He should watch big boss videos, he made one about the Tesla truck

  • @krozareq
    @krozareq Год назад

    The old saying: "Sell on the news, buy on the doom and gloom."
    Never buy in a bubble.

  • @matthewbracero4426
    @matthewbracero4426 Год назад +1

    Maybe they put them on the magazine in order to keep them off the investigation trail😂

  • @naregm5492
    @naregm5492 Год назад

    what a crossover. worlds are colliding.

  • @Steezy_Method
    @Steezy_Method Год назад +9

    I love how Asmon goes into these videos totally in the dark. "Does Forbes have a fraud problem?" Lol . He's definitely gonna be just as fun to watch when he's old,like his dad 🤘

  • @mightymathius485
    @mightymathius485 Год назад

    We just don't know their names....so freaken true!

  • @psyonixdj
    @psyonixdj Год назад +4

    This dude is a savage. Instant fan.

  • @AHersheyHere
    @AHersheyHere 3 месяца назад

    Magazine: "This young person will revolutionize the wheel industry!"
    The person: "The secret is hardwork, drive, and...a little fraud."

  • @themalcontent100
    @themalcontent100 Год назад

    Companies should weaponise these magazines.

  • @seekittycat
    @seekittycat Год назад +1

    Man is like a robot, a robot with a flame thrower 😂🔥🔥

  • @MrHocotateFreight
    @MrHocotateFreight 6 месяцев назад +1

    "I was nearly on the forbes list"
    Learns the forbes list basically searches for high risk rich people
    "Good thing I wasnt on this list"
    Thats......something illegal happened here.

  • @vonb2792
    @vonb2792 Год назад +1

    Omg, you reviewed one of my favorite finance guy ! He's hilarious and great content from an Europe Hedgefund pov. Asmon subscribed to Patrick!

  • @KiiiiDFresH2oo9
    @KiiiiDFresH2oo9 Год назад +2

    That guys humor is brilliant! So dry. Love it!

  • @edo-san
    @edo-san Год назад

    It's called "peaking out"

  • @Randy-yx2tg
    @Randy-yx2tg Год назад +1

    If you want some nice videos about scams I recommend ColdFusion. The Nikola video was goofy.

  • @tetratrance
    @tetratrance Год назад +1

    Oh man, that moment you see Asmon watch a video you watched and thought no one else would see. The content creator deserves the limelight. Cheers,

  • @TopShot501st
    @TopShot501st 9 месяцев назад +1

    I love Patrick Boyles dry as fuck delivery.

  • @jimmylm9894
    @jimmylm9894 Год назад +2

    Destiny did a live stream with Martin Skrelli. Then as usual he burned that bridge.

  • @I_dont_need_a_handle
    @I_dont_need_a_handle Год назад +1

    Steal from the poor -> you get rich.
    Steal from the rich -> you go to prison.

  • @mikez4204
    @mikez4204 Год назад +1

    Most of the declines of good companies and climbs of bad companies are due to one simple idea... regression to the mean.

  • @foxypoxi
    @foxypoxi Год назад

    OR bank crimes just don't get prosecuted... give that a moment to sink in.

  • @ZM-dm3jg
    @ZM-dm3jg Год назад +3

    Look at who Forbe's new owners are (China).

  • @mrmilkshake9824
    @mrmilkshake9824 Год назад

    Glad you are watching patrick, his videos are some of the BEST informational content on youtube. You get to keep up with the latest financial news. Him and 2 minuit papers are some if the best content on youtube to actually be productive

  • @alexandersokolov7001
    @alexandersokolov7001 Год назад +3

    Not just Forbes. Dont forget about The Times person of the year awards thought the decades.

  • @Karpata1
    @Karpata1 Год назад +1

    That is a nice suit.

  • @alvaroluffy1
    @alvaroluffy1 Год назад +1

    that guy talks like sabine hossenfelder and he doesnt even blink i am scared

  • @richarddevenezia8186
    @richarddevenezia8186 Год назад

    10:25 Stanley Kubrik'ed it!

  • @tohafi
    @tohafi 7 дней назад

    Patrick Boyle is savage, love it!

  • @videopostrrr
    @videopostrrr Год назад

    omg i love patrick boyle and i love asmongold- i didnt realise you would wind up intersecting!

  • @Daniel-ed4wv
    @Daniel-ed4wv Год назад

    @21:25 when you are a big investor and you want to sell some of your stocks at a high price, you buy a POSITIVE article in a big magazine, thus making people that don't do their own research and just follow the trend to buy the stock you are selling .... making you a fortune .... On the other side, if you need to buy a stock at a lower price, you BUY A NEGATIVE STORY , making the stock price crash temporarily , giving you good lower entry price for the stock. Then you repeat step one ... then step two after while .... and so on

  • @FreeBazd
    @FreeBazd Год назад +2

    This guy is staring into my soul and it's hypnotic

  • @askme7777777
    @askme7777777 Год назад

    it makes sense. if you're looking to race to the top, you're going to take some risks. and some of those risks might involve breaking the law or committing fraud.
    forbes isn't looking for fraud. forbes is looking for people displaying explosive growth. and people committing fraud usually make a lot of money... right up until they get caught.

  • @puzzleheaddesign3789
    @puzzleheaddesign3789 Год назад

    Lol you cannot run or hold office when are in custody/ward (currently serving a sentence) of the state Asmond.

  • @andryuhaplay
    @andryuhaplay Год назад

    Да мошенников сейчас везде и много, звонят и пишут, говорят и показывают... Я думаю что людям надо быть сейчас быть очень осторожными в этом плане.. Не когда не знаешь когда и на кого попадёшь.

  • @marcosmauricio7805
    @marcosmauricio7805 Год назад

    Wonder when the finance bots will start to pop up here.

  • @sliphere011
    @sliphere011 Год назад +1

    The cover of Forbes... Is the DoJ hitlist.

  • @sammystakethesnake9631
    @sammystakethesnake9631 Год назад

    It's not a magazine curse...it's most rich people get there by being liars and scammers

  • @FMJIRISH
    @FMJIRISH Год назад

    "It's not that big of a deal"
    Mate, what are you smoking

  • @justonegreatday
    @justonegreatday Год назад +2

    lol this guy's deadpan humor is funny asf

  • @Somerled_Pox
    @Somerled_Pox Год назад

    Patrick Boyle is amazing

  • @MichaelHarto
    @MichaelHarto Год назад +1

    Patrick is a maestro of dry humor.

  • @neoholland
    @neoholland Год назад +1

    But Kylie jenner is still out there... And she was in the forbes cover... Where the curse at??

  • @turdfurgesonph.d420
    @turdfurgesonph.d420 Год назад

    If scamming people in wow 5+ years ago could only land you in prison…

  • @droe2570
    @droe2570 Год назад +3

    This guy's humor is making me thirsty.

  • @KFGustavo
    @KFGustavo Год назад

    Patrick is just savage.