It sounds to me like Feeney had stuff going for him. A rare example (I assume) of brains, fortune and a good heart combined into one person. If there is a God, I suppose he would be pleased.
Patrick FYI - looks like your video got hit by a bunch of spam finance & crypto bots, thought I'd let you know as I found & reported >20 comments as spam which were spread out amongst the legit ones. Also two of the spam accounts had your name but not the pic - just found the exact same issue on Tom Nash's recent videos so just letting you know in case you're having issues with imposter accounts. By the way - the turtleneck was genius! 🤣
It's Cement RoadBASE Holdings in Ireland. I worked for a subsidiary. They are honestly an azzhole company. Get the customers what they want but understaffed and accidents aren't unusual. Rotten and sometimes corrupt upper management. I saw it in the subsidiary here in Australia, where the national management would HAPPILY burn every other depot around the country to make themselves look good to international headquarters. I made a lot of money there but they treated employees like total crap. Imagine DELIBERATELY running out of work gloves AND soap when using lathes and oily cutting fluid all day, AND in the middle of a pandemic. WHILE having signs up about stopping covid spread by washing your hands. They wasted money on a big flatscreen that basically showed a sideshow of the latest company newsletter, a few thousand bucks for that but NOT $5 for soap.
Merckles kids paid the debts back and sold assets for that. Merckle is spelled differently than Merkel, the chancelor due to the change positions of the last 2 letters. Just to let you know cause first i had a different picture in my mind due to the way you had pronounced the name like that of former the chancelor.
Mr. Feeny is a wonderful human being. The man secretly gave away all his money his entire career and saved enough for him to retire on. What an absolute legend. I sincerely hope that man is as good as he seems. Lol I’ve just become so jaded by this world I’m always hesitant.
Why is giving away money good? What if you give it to people who can't manage it? The only reason most people don't self-destruct is because they can't afford to. Remove that obstacle and they are ruined.
I tip my hat to Mr. Feeny. Contrary to many billionaires who only talk big and use the pledge to save on taxes, he actually gave it all away. I wish him and his wife a happy retirement, may every day be as you wish it to be.
True but 2 million left for retirement is rather risky, especially with potential medical costs. You can blow 10k+ a month just on 24/7 medically certified caretakers.
We are all screwed if 2 mil is a “risky retirement”. Using the 4% rule, that would generate 80K a year with a low chance of impacting the capital over a 30 year period. Seniors in many countries can access subsidised health care too. If they drew down $120K per year to cover 10K a month medical expenses, assuming a 6% investment return and a 3% inflation, that 2 mil would last 24 years. He’s currently 89 years old. He probably doesn’t need his money to last another 30 years.
@@SamConnelly Well, you got a point but I was assuming he has a high standard of living. Just a senior care facility with 24/7 care (bathe, feed, etc) runs 5k a month per person (so 10k total) and you live like a peasant. If you want to hire a RN 24/7, they cost $50/hr, at least here in California, Los Angeles. Having a RN at your mansion 24/7 is going to cost 36,000 per month. A year of that is $432,000. I'm sure he'll be fine but my point was just that medical costs can be insane, especially if you want medical services brought to your home and 24/7 care by professionals instead of family. Of course the rest of us with have to suffer with what we can afford but I have heard of older people blowing through millions in medical expenses during the last few years of their life. It's plausible at least. Also when you are old you can't keep your money in stocks due to volatility and short time horizon, so 6% return is out of the question. Most will be cash and short-term bonds.
I don't think he has a luxurious standard of living. He's been quoted as living quiet frugally and I found a source that said; "He now lives in a two-bedroom apartment in San Francisco with his wife Helga"
Lol. Liabilities > assets happen a lot, but normally the difference isn’t huge and only last a very short time. It’s only when the gap is huge and cannot be closed in a timely manner that ppl go bankrupt
One more interesting fact about Merckle's suicide is that his son managed to restructure the loans and now the family has its billionaire status back. So in the end, there was really no reason for him to kill himself.
I remember hearing that although he was worth billions he had committed suicide. I was thinking "shit, it's only money, you could have lived a normal life".
I swear this guy is awesome man. Like he comes with legit content but if you’re paying attention he is so freaking funny it’s really something great. When he switched into the turtle neck on Elizabeth Holmes I nearly lost it. Thank you Patrick for these amazing videos.
As a chemical engineering student taking my senior level classes, I can assure you that I have not come up with any groundbreaking idea, and really don't know much about anything, much less inventing an amazing medical technology
I remember asking friends from med school what they think about theranos back in 2011 and they all said those claims are against fundamental laws of nature. Like you can't conduct certain blood tests with only a drop of blood. Simply bc some cells are too rare so you need more blood to find them
Also the individual machines emit a lot of different thing like microwaves and gamma rays and they just can't be all packed inside one machine because they'll interfere with each other. Most have a lot of shielding in them
Hi Patrick. Very entertaining, as always. Let me just update the "judge driving Porsche seized from Eike Batista" story: the judge lost his position, was fined ~600 k, and was sentenced to 52 years in jail for corruption. Judges are very rarely punished in Brazil for egregious violations, so I couldn't help setting the record straight in this fortunate instance. Cheers
That is absolutely surprising, since the standart punishment for corruption by judges in Brazil is... forced retirement keeping their full salaries for life. Yeah, that is what Brazilian law actually says.
Even after giving away nearly everything he had, Mr. Feeny is still a millionaire in retirement. God speed and good health to you and the Missus Feeny for many years.
Feeney is a great story. I recommend to you also Jan Vilcek, whose laboratory at NYU did work leading to the development of monster drug Remicade. There was a NY Times headline article that Vilcek had given away what I thought was nearly $1 B of his own personal gains from the development of this drug as he and his wife were childless survivors of the Holocaust, setting up funding for medical science, young investigators, and such…
Subscribed months ago, as a former private banking "senior" manager I find your insight fascinating as I lived and operated during the times you describe. Many thanks for the Daily Upside link and keep up the good work.
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Chuck Feeney was my office landlord in the late 90s. Only met him a couple of times when he was very kind to everyone. He hosted and supported many public and secret meetings and moves during the Peace Process, and also quietly made sure many organisations and interest groups survived to do good in Ireland and abroad.
13:30 "There's no record of whether he wears a suit of armour or carries a sword in prison. I'm sure there are probably rules about that". I love Patrick!
Patrick, I feel like you're about to pitch me a cutting-edge tech stock with that black turtleneck and I'm ready to invest all my life savings into it!
@Patrick Boyle▫️ yes i will whatapp you as soon as possible, but i dont know whatapp? Where do i get a whatapp. Is this in regards to my car warranty again?
@@Muhluri r/wooosh, but thanks for sticking out. Just report these trashers, doesn't even counts as grassing! Done, in case anyone reading is really that dumb. 😇😇
Strangely enough Elizabeth still had a deeper voice than Patrick. I was impressed with her lack of blinking, even when flies and bugs were crawling into or over her retina
What an interesting video, and the last story (about Feeny) is also uplifting. Thank you for all the research put into the presentation, and then sharing.
The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy
I have no problem with ads, but when 5 different RUclipsrs tell me at the same time that they all personally read the same newsletter for a couple months before even getting sponsored, I get really suspicious.
I knew Anil Ambani would be on top in this list. We, here in India, give examples how a fight in family could result in such a big issue. On the other hand, Mukesh Ambani is an inspiration of every wanna be entrepreneur.
Patrick might be a hot contender for the driest humour in the history of mankind award. Such pokerface ability should only be allowed in public with a special dispensation from the kings council.
Good vid. Some of these billionaires turned from what they knew in business to becoming gamblers at the casino. If you bet on a direction, make sure when you do, you can get out of it if you are wrong to live to fight another day. Don't go into a room that you can't get out of. Betting on a direction of a market that is about to trend or turn is one of the toughest things to do.
I take a keen interest in finance and financial history, but I have never EVER heard of Jesse Livermore. I consider this gap in my education now filled. Thanks, Patrick.
You might want to check out his great grand daughter , Tracey Livermore, she is one of the world top milf pornstars, she goes by the name of Brandi Love
Rest in peace Mr. Feeney. With such wealth often comes a skewed moral outlook, but the man stuck to his principles and gave away what he could not take into the afterlife.
What an amazing conclusion to this video about billionaires who lost everything -- I had never heard of Chuck Feeney! I'm going to read about his remarkable life story. Thank you for creating this incredible, thought-provoking video presentation - it puts things in perspective.
17:44 - This part is interesting when you consider that she got $2.5 billion in 1999 and if you spend $50k every day, it would take you about 54 years to go through a billion... (Unless I'm miscalculating it)
Not only I enjoy learning from your insights in the financial world (I know absolutely nothing about the stock market) BUT your sense of humour makes your videos great (Turtleneck for Theranos?! genius!)
My grandmother managed to spend a few 10 million USD after grandfather who created the wealth died. She died broke even with fat pension plan from Co. granddad cofounded and rent for the mansion she let go of late in life.
Usually, these persons are extreme psychiatric cases. They go "undetected" because noone dares to have them checked and there is nothing you can do against that if they don't consult by themselves (and by and large they are the last persons on earth to seek mental health, - according to mental health professionals -, because they think themselves as essentially perfect) or are not ordered by a judge to be examined. A very well-known absolutely textbook case of narcissistic personality disorder, most likely with sociopathic tendencies, is Donald Trump. Every single psychologist/psychiatrist on the planet knows this, but none is allowed to make a diagnostic without a formal examination and especially to do it publicly. But we have sufficient material for them to be 100% certain of the diagnostic.
Holms would not be a 'self-made' billionaire even if Theranos was legit, you can't be self-made if your dad is also a billionaire and has many billionaire friends.
This is a good point. You can’t discount how much more opportunity you have access to in making a business possible when you have connections like this. A random Stanford drop out wouldn’t get the time of day from all the people she did thanks to her family. Buffett I think isn’t entirely fair in comparison but definitely has some similarity. Buffett learned a lot from his father about the business from a young age. And his fathers career in investing had a huge impact. Example, Warren invested in his fathers farm at an extremely young age and made a large profit from it. But outside of that he spent years operating as a businessman and making wild decisions about money and investment you’d never see from a kid his age. He had the equivalent of $100K saved by the time he was in college from his choices growing up. But where his fathers influence definitely played a role is Warren aligning with Benjamin Hraham. Graham went into business with him because of his clear intelligence but one has to imagine Warren would be laughed out of a building if not for who his father was. But he is also one who demonstrated an immense track record of merit prior to any of this unlike Holmes. He was clearly qualified for the endeavors he entered, it being proven for years at a young age, before he did anything with Graham. Holmes on the other hand was never qualified and never became qualified for any of what she did.
I always enjoy your videos. This one had an excellent ending with someone doing great good instead of loosing it, while still alive so the proceeds after death wouldn't be eaten up administratively or litigated into oblivion.
I pressed the like button when I saw Patrick in turtle neck to tell the story of Elizabeth Holmes. Then I noticed I haven't subscribed yet, so I pressed that button as well.
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It sounds to me like Feeney had stuff going for him. A rare example (I assume) of brains, fortune and a good heart combined into one person.
If there is a God, I suppose he would be pleased.
Patrick FYI - looks like your video got hit by a bunch of spam finance & crypto bots, thought I'd let you know as I found & reported >20 comments as spam which were spread out amongst the legit ones. Also two of the spam accounts had your name but not the pic - just found the exact same issue on Tom Nash's recent videos so just letting you know in case you're having issues with imposter accounts.
By the way - the turtleneck was genius! 🤣
To be fair, last person did not lose anything. They gave it away. Big difference.
It's Cement RoadBASE Holdings in Ireland. I worked for a subsidiary. They are honestly an azzhole company. Get the customers what they want but understaffed and accidents aren't unusual. Rotten and sometimes corrupt upper management. I saw it in the subsidiary here in Australia, where the national management would HAPPILY burn every other depot around the country to make themselves look good to international headquarters. I made a lot of money there but they treated employees like total crap. Imagine DELIBERATELY running out of work gloves AND soap when using lathes and oily cutting fluid all day, AND in the middle of a pandemic. WHILE having signs up about stopping covid spread by washing your hands. They wasted money on a big flatscreen that basically showed a sideshow of the latest company newsletter, a few thousand bucks for that but NOT $5 for soap.
Merckles kids paid the debts back and sold assets for that. Merckle is spelled differently than Merkel, the chancelor due to the change positions of the last 2 letters.
Just to let you know cause first i had a different picture in my mind due to the way you had pronounced the name like that of former the chancelor.
Mr. Feeny is a wonderful human being. The man secretly gave away all his money his entire career and saved enough for him to retire on. What an absolute legend. I sincerely hope that man is as good as he seems. Lol I’ve just become so jaded by this world I’m always hesitant.
The best people don't have the ego to talk about it. They far outnumber the bad.
Why is giving away money good? What if you give it to people who can't manage it? The only reason most people don't self-destruct is because they can't afford to. Remove that obstacle and they are ruined.
@@nunyabidness117He actively made donations so he could see the impact himself, definetly more oversight than most donations get
@@nunyabidness117... you think he was just giving money to Randoms on the street?
He's also objectively the best off on this list, comfortably retired while all the others a re bankrupt, imprisoned or even dead
I tip my hat to Mr. Feeny. Contrary to many billionaires who only talk big and use the pledge to save on taxes, he actually gave it all away. I wish him and his wife a happy retirement, may every day be as you wish it to be.
True but 2 million left for retirement is rather risky, especially with potential medical costs. You can blow 10k+ a month just on 24/7 medically certified caretakers.
@@patrickreynolds6270 I'd donate to his gofundme
We are all screwed if 2 mil is a “risky retirement”. Using the 4% rule, that would generate 80K a year with a low chance of impacting the capital over a 30 year period. Seniors in many countries can access subsidised health care too.
If they drew down $120K per year to cover 10K a month medical expenses, assuming a 6% investment return and a 3% inflation, that 2 mil would last 24 years.
He’s currently 89 years old. He probably doesn’t need his money to last another 30 years.
@@SamConnelly Well, you got a point but I was assuming he has a high standard of living. Just a senior care facility with 24/7 care (bathe, feed, etc) runs 5k a month per person (so 10k total) and you live like a peasant. If you want to hire a RN 24/7, they cost $50/hr, at least here in California, Los Angeles. Having a RN at your mansion 24/7 is going to cost 36,000 per month. A year of that is $432,000. I'm sure he'll be fine but my point was just that medical costs can be insane, especially if you want medical services brought to your home and 24/7 care by professionals instead of family. Of course the rest of us with have to suffer with what we can afford but I have heard of older people blowing through millions in medical expenses during the last few years of their life. It's plausible at least.
Also when you are old you can't keep your money in stocks due to volatility and short time horizon, so 6% return is out of the question. Most will be cash and short-term bonds.
I don't think he has a luxurious standard of living. He's been quoted as living quiet frugally and I found a source that said; "He now lives in a two-bedroom apartment in San Francisco with his wife Helga"
The costume change for Holmes earned a like and subscribe. Well done sir.
@Patrick Boyle▫️ Looser scamer 🤣
So subtle but amazing
Thanks bro, didn't even noticed it :D
I had to jump back to check he wasn't wearing it earlier.
Absolutely! 🤣
"She claims to have never had plastic surgery...who knows?" LOLL
This was so great
It wasn't plastic surgery, she had silicone surgery.
Perhaps plastic surgery would've been more visually effective.
Yike's.
Edit: it was purrrfect.
Ya that body dysmorphia is no joke... Yikes
What a waste of space that woman “appeared” to be when you see other people literally giving most everything away so others may benefit!
Terrible genes 😪
"had liabilities greater than his assets" - what a nice way to put it, Patrick truly is a man of culture
Pretty normal statement. Nothing really profound about it.
Well that’s just a financial statement - how is Mr Boyle cultured?
@@jb6879 normally people say his mouth wrote checks his ass couldn't cash
@@stephaniesamra7960 It's a little more serious than that.
Lol. Liabilities > assets happen a lot, but normally the difference isn’t huge and only last a very short time. It’s only when the gap is huge and cannot be closed in a timely manner that ppl go bankrupt
Accidentally spit my coffee laughing when you put on the turtle neck.
I thought I was the only one who noticed 💀
I was very confused.
lol thanks i missed that
I usually have stuff like this in the background and I caught a quick glimpse and thought I saw something weird haha
Good eye 👍
One more interesting fact about Merckle's suicide is that his son managed to restructure the loans and now the family has its billionaire status back. So in the end, there was really no reason for him to kill himself.
Yeah anyone who have the name Adolf are prone to suicide.
He should have wait until the train 🚆 stop before he try catching the train
@@thomasthumim7630 Adolf is a cool name.
Perhaps his death inspired his son to figure it out. Not saying he should've done it, but we can't know how things would've turned out otherwise
I remember hearing that although he was worth billions he had committed suicide. I was thinking "shit, it's only money, you could have lived a normal life".
Sheesh that makes his suicide even worse
I swear this guy is awesome man. Like he comes with legit content but if you’re paying attention he is so freaking funny it’s really something great. When he switched into the turtle neck on Elizabeth Holmes I nearly lost it. Thank you Patrick for these amazing videos.
As a chemical engineering student taking my senior level classes, I can assure you that I have not come up with any groundbreaking idea, and really don't know much about anything, much less inventing an amazing medical technology
But do you own a black turtleneck?😉
and turn down the AC :P. Hey there Keanu
That's because you stayed more than 2 semesters. It's on the third semester that they teach all the good ideas out of you.
Me: How do these fraud technology companies keep getting investments without any technological demonstrations? Investors are dumb.
Also Me:
We know, don't worry!
"Patrick Holmes " is a killer!!! Best financial humor in years. "Not blinking" is a bonus
Seriously he doesnt blink. I think he is a robot
@@rushrush6754 He does just not often and it's very fast.
blinking is liability
He blink and laugh really hard, but he knows how to edit his videos.
What about Sam Bankman-Fried? Sorry, I couldn't resist after watching your video "FTX- Worse than Enron" 😂
I remember asking friends from med school what they think about theranos back in 2011 and they all said those claims are against fundamental laws of nature. Like you can't conduct certain blood tests with only a drop of blood. Simply bc some cells are too rare so you need more blood to find them
Also the individual machines emit a lot of different thing like microwaves and gamma rays and they just can't be all packed inside one machine because they'll interfere with each other. Most have a lot of shielding in them
@@OffGridInvestor also true, but I guess this point could be swept aside on a ground "eh, that's just an engineering challenge"
Did someone just make a movie about the woman that painted children with really large saucer like eyes that look like aliens seems familiar
@@warrenwalker8170 Are you thinking of the 2014 film "Big Eyes" starring Amy Adams as Margaret Keane?
But the yuppies lapped it up. She blinded them with science. She probably believed it herself.
Hi Patrick. Very entertaining, as always. Let me just update the "judge driving Porsche seized from Eike Batista" story: the judge lost his position, was fined ~600 k, and was sentenced to 52 years in jail for corruption. Judges are very rarely punished in Brazil for egregious violations, so I couldn't help setting the record straight in this fortunate instance. Cheers
DAMNNN they got his ass.
Sounds like someone who f***ed around thinking he was above the law.
And then he found out.
@@apenguingames4305 I would bet that ir's likely Batista still had enough money to take vengeance on this judge.
@@lolilollolilol7773 Yeah, money and power are two separate things. He probably still had a lot of influence.
That is absolutely surprising, since the standart punishment for corruption by judges in Brazil is... forced retirement keeping their full salaries for life. Yeah, that is what Brazilian law actually says.
"while many philanthropists hire an army of publicists to trumpet their donations" - maaan...that was epic!
Even after giving away nearly everything he had, Mr. Feeny is still a millionaire in retirement. God speed and good health to you and the Missus Feeny for many years.
The turtle neck 😂
came in the comments to see if anyone else noticed lol
Feeney is a great story. I recommend to you also Jan Vilcek, whose laboratory at NYU did work leading to the development of monster drug Remicade. There was a NY Times headline article that Vilcek had given away what I thought was nearly $1 B of his own personal gains from the development of this drug as he and his wife were childless survivors of the Holocaust, setting up funding for medical science, young investigators, and such…
Subscribed months ago, as a former private banking "senior" manager I find your insight fascinating as I lived and operated during the times you describe. Many thanks for the Daily Upside link and keep up the good work.
Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Pjotr Bekkering, Alex, Robert W Proudfoot, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, Gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Oisin Quinn, Daniel Cervini, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Leszek Frankowski, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Liam, Logan Vrankovic, Sam coatham, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, mikhail tyurin, Steven, Christopher Boersma, Dave Cooke, Ulf Lundblad, Cozy thang, Dorothy Watson, Greg Blake, Simon Bone, Livermores Quant, The Collier Report, Scott Gardner, The Man Koala, Brian McCullough, Spardasquad, Daniel S. Smith, Finance Student, Milton Danielsson, Tan Jin Da, Julie, Mohammad Rehman, James Wallace, Daniel Poellmann, Edosa Odigie, Bill Baran, Dixon Yuen, joey smit, Josh Ge, Marek Novák, Charles Oosthuizen, Stamatis Drepaniotis Michael Smith, Etienne Cordonnier, Ahmed Hamadto, Chris Davey, Mike Farmwald, Kevin Davis, Michael A. Mayo, Lachezar Georgiev, Kamet Batra, Bradley Johnson, Sagar Gudi, Michael Chessar, Kate ATL, Tong Cheung, Lady Dje, James Barnes, Chris Hall, Kurt Johnston, ICBM Catcher Juan Valdes, Jens Marut, KernelSC, Josh Garcia, Linn Engström, Veltsh, Konrad P-kala, Pastacat Adam Vorting and Yoshinao Kumagai
Chuck Feeney was my office landlord in the late 90s. Only met him a couple of times when he was very kind to everyone. He hosted and supported many public and secret meetings and moves during the Peace Process, and also quietly made sure many organisations and interest groups survived to do good in Ireland and abroad.
Chuck Feeny is one my inspirations. I didnt know he'd given all his money away. The size of the man. An absolute goliath.
The "Boat enlargement surgery" line gave me a good laugh. 😂
🤣🤣🤣🤣🤣🤣🤣🤣
That switch up to the black turtle neck 7:16 😂
Giving away everything isn’t really losing everything, is it?
I tacked that one on to end on a positive note.
@@PBoyle And I appreciated that. =)
@@fzigunov likewise
@@omarmccord7058 do you mean philanthropy?
Other than ethics, is there a difference between "giving" and "spending" everything?
Everyone take a bow to the great Chuck Feeney, the true legend.
7:18 No joke, I legit had to pause and rewind just to make sure I wasn't hallucinating😂 The turtle-beck caught me off-guard. Nicely done!
13:30 "There's no record of whether he wears a suit of armour or carries a sword in prison. I'm sure there are probably rules about that".
I love Patrick!
I hope someone is not riding him in prison under the name knight ryder
The 'Black turtle neck' Genius!!! - I haven't laughed so hard in a while 🤣😂🤣👍❤
I was laughing harder at “boat enlargement surgery”🤣
Patrick, I feel like you're about to pitch me a cutting-edge tech stock with that black turtleneck and I'm ready to invest all my life savings into it!
I didn't realize all I needed in life was to hear Patrick's comments on Bernie Madoff lmao this is too good.
"Yes. Volkwagen was even bigger than Tesla." Had me
@Patrick Boyle▫️ yes i will whatapp you as soon as possible, but i dont know whatapp? Where do i get a whatapp. Is this in regards to my car warranty again?
@@cookeddan1 it's a scam
@@Muhluri r/wooosh, but thanks for sticking out. Just report these trashers, doesn't even counts as grassing! Done, in case anyone reading is really that dumb. 😇😇
@@dannydetonator I just realised that the sarcasm is kinda obvious
Vw got more car brands than Tesla emplyees
Strangely enough Elizabeth still had a deeper voice than Patrick. I was impressed with her lack of blinking, even when flies and bugs were crawling into or over her retina
apparently not blinking is one of the signs of a sociopath
What an interesting video, and the last story (about Feeny) is also uplifting. Thank you for all the research put into the presentation, and then sharing.
The wisest thing that should be on every wise individual's list is to invest in different stream of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy
Investments are the stepping Stones to success especially if you been guided by a professional
Investing is good but investing in the right thing is the actual key to success . who is your pro ?
That was exactly what I did, I trade with a professional stock expert "Tamara Diane Hagan " who i met in one of the seminars..
There are so many investment out there but if profits must be considered then not all investments are good to go into.
I have been able to make maximum profits off my trade with $40,000 and I have amassed about $190,000 in net profit In 4 weeks
Sick turtle neck, how can I invest my live savings in your tech start-up?
I'm not sure if you were responded by a bot scammer or an A tier troll
7:18 that's just brilliant subtle comedy 😂🐢
I have no problem with ads, but when 5 different RUclipsrs tell me at the same time that they all personally read the same newsletter for a couple months before even getting sponsored, I get really suspicious.
7:04 Love the movie.
Mad props to Chuck Feeny for being frugal and giving money away like that.
Hi Patrick enjoyed the video, thanks
hahaha, love the subtle humor! the black turtle neck was hilarious, well played sir...
I knew Anil Ambani would be on top in this list. We, here in India, give examples how a fight in family could result in such a big issue.
On the other hand, Mukesh Ambani is an inspiration of every wanna be entrepreneur.
How about now?
Good to know
The Black Turtle neck, I'm dying LOL. Too fuuny
Elizabeth Holmes turtle neck! Bwhaaaaa ha ha ha, I almost peed myself. 😂😂😂😂😂😂😂. ❤️
How can a person have such a refined humour!!! Brilliant move wearing that black turtleneck!
Patrick might be a hot contender for the driest humour in the history of mankind award. Such pokerface ability should only be allowed in public with a special dispensation from the kings council.
When Patrick came in a turtleneck....i was hands down deaddd
I really love your dry humor in these videos! A really nice touch to an interesting and informative subject. Keep up the good work :).
That sweater change got me good. I'm still laughing.
Love the commitment on the patented holmes black turtleneck lol
That’s black turtle neck is priceless 😂😂😂
I love the turtle neck bit! Great stuff!
What I admire most about these billionaires is how they got rich by pulling themselves up by their bootstraps
Except for the story of the son that got rich from inheriting half his dad's company and lost it all to corruption.
@@thyruos6499 do you know what sarcasm is?
Seeing the Margin Call graphic gave me the thought that Patrick should do a regular series of finance movie reviews.
YES!
Good vid. Some of these billionaires turned from what they knew in business to becoming gamblers at the casino. If you bet on a direction, make sure when you do, you can get out of it if you are wrong to live to fight another day. Don't go into a room that you can't get out of. Betting on a direction of a market that is about to trend or turn is one of the toughest things to do.
Patrick is the only youtuber I listen to when he recommends something 😂
😂😂
jony
This channel is gold, awesome video the switch over to the black turtle neck had my sides hurting from laughing haha
The turtleneck 🤣🤣🤣
1:19 the picture of the mom settling the squabble just killed me 🤣
3:39, 7:19 🤣🤣🤣
17:15 😳 why?
Thanks for the tip....The Daily Upside newsletter!!!
Thanks Dan, I think you will enjoy it.
I take a keen interest in finance and financial history, but I have never EVER heard of Jesse Livermore. I consider this gap in my education now filled. Thanks, Patrick.
You might want to check out his great grand daughter , Tracey Livermore, she is one of the world top milf pornstars, she goes by the name of Brandi Love
The black turtleneck killed me 😂😂
“RUclips has predicted that you’ll want to watch this video next, let’s see if they’re right” very smooth Patrick!
Man that was smooth as glass. Loved it.
Rest in peace Mr. Feeney. With such wealth often comes a skewed moral outlook, but the man stuck to his principles and gave away what he could not take into the afterlife.
7:18 British Steve Jobs doesn't exist, he can't hurt you.
Irish, i think.
With that accent. Defo
What an amazing conclusion to this video about billionaires who lost everything -- I had never heard of Chuck Feeney! I'm going to read about his remarkable life story. Thank you for creating this incredible, thought-provoking video presentation - it puts things in perspective.
The turtleneck was pure comedy!
It is sad to see that the successful people can fail so miserably
Hahahahaha love how you changed to a black turtleneck when talking about Holmes! XD love it!
17:44 - This part is interesting when you consider that she got $2.5 billion in 1999 and if you spend $50k every day, it would take you about 54 years to go through a billion... (Unless I'm miscalculating it)
I believe that artwork were money moving schemes.
The cat lady probably didn't knew that the paintings were fake
"She dressed like Steve Jobs"
::is dressed like Steve Jobs::
LOOOOOOOL
🤣🤣🤣 wearing the black turtle neck at the Theranos story, lol
Came for the financial education stayed for the deadpan humor
The turtleneck made me laugh out loud. 😂
Always nice to Sean Quinn get a mention - still his children manage to live in big houses and drive big cars so it worked out for someone.
Not only I enjoy learning from your insights in the financial world (I know absolutely nothing about the stock market) BUT your sense of humour makes your videos great (Turtleneck for Theranos?! genius!)
The turtleneck switch 😂😂
The turtle neck got me. Fantastic content Mr. Boyle
7:15 Sir, your humor is marvelous.
sean quinns net worth over time is literally a wallstreetbets portfolio
The humor on this video, its too good.
"boat enlargement surgery" is pure gold
Dafuk?
Patrick, I thoroughly enjoy your material. But how about doing an episode on your wardrobe?
My grandmother managed to spend a few 10 million USD after grandfather who created the wealth died. She died broke even with fat pension plan from Co. granddad cofounded and rent for the mansion she let go of late in life.
Usually, these persons are extreme psychiatric cases. They go "undetected" because noone dares to have them checked and there is nothing you can do against that if they don't consult by themselves (and by and large they are the last persons on earth to seek mental health, - according to mental health professionals -, because they think themselves as essentially perfect) or are not ordered by a judge to be examined.
A very well-known absolutely textbook case of narcissistic personality disorder, most likely with sociopathic tendencies, is Donald Trump. Every single psychologist/psychiatrist on the planet knows this, but none is allowed to make a diagnostic without a formal examination and especially to do it publicly. But we have sufficient material for them to be 100% certain of the diagnostic.
The turtle neck made me lol. Thanks!
Return to base Agent 47. We have a new assignment.
7:17 you did it again, Patrick 🤣
Holms would not be a 'self-made' billionaire even if Theranos was legit, you can't be self-made if your dad is also a billionaire and has many billionaire friends.
A bit like when Warren Buffet started out - his Father being a senator he was straight into The Club.
@@CosmicSeeker69 I take your point but he was a Congressman. Theres a big difference in power.
This is a good point. You can’t discount how much more opportunity you have access to in making a business possible when you have connections like this. A random Stanford drop out wouldn’t get the time of day from all the people she did thanks to her family.
Buffett I think isn’t entirely fair in comparison but definitely has some similarity. Buffett learned a lot from his father about the business from a young age. And his fathers career in investing had a huge impact. Example, Warren invested in his fathers farm at an extremely young age and made a large profit from it. But outside of that he spent years operating as a businessman and making wild decisions about money and investment you’d never see from a kid his age. He had the equivalent of $100K saved by the time he was in college from his choices growing up.
But where his fathers influence definitely played a role is Warren aligning with Benjamin Hraham. Graham went into business with him because of his clear intelligence but one has to imagine Warren would be laughed out of a building if not for who his father was. But he is also one who demonstrated an immense track record of merit prior to any of this unlike Holmes. He was clearly qualified for the endeavors he entered, it being proven for years at a young age, before he did anything with Graham. Holmes on the other hand was never qualified and never became qualified for any of what she did.
Very resourceful.
Lets go Charles "Chuck" Feeney!!! I find it sad I never knew of him before, this man should be heralded.
Great video Patrick.
I always enjoy your videos. This one had an excellent ending with someone doing great good instead of loosing it, while still alive so the proceeds after death wouldn't be eaten up administratively or litigated into oblivion.
I love that subtle black turtleneck switch up!
I pressed the like button when I saw Patrick in turtle neck to tell the story of Elizabeth Holmes. Then I noticed I haven't subscribed yet, so I pressed that button as well.
The turtleneck joke was just awesome lol
The Bernie madoff stories stuns me, he ran that type of ponzi scheme for long and involving a lot of money
Love the outfit switch for the holmes segment - subscribed!
Nice job with the sweater! I had to rewind to verify. lol
Oh Patrick 7:13 😂😂 😂
We test one drop of blood (Deep Voice)
You have an excellent presentation style for this type of content, great job.