How Warren Buffett Destroyed America
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- Опубликовано: 11 фев 2024
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I will say, Buffet disowned his granddaughter and claimed she's adopted because she was interviewed for a documentary (she only said nice things about him.) I will agree, he endorses foods that would kill people at a young age if they ate them too often. I don't eat anything he promotes.
If ya ever thought billionaires are gud guys , think again 😂
@@mna7308Insider Trading is the best invention of hedge fund managers. This is exactly why we love Warren Buffett. He is our Savior.
@@BillionairebenWarren Buffett is definitely an Angel and the savior of all investors
He showed you guys drinking coke and eating Mc donalds on purpose 🤡 😂😂
“Hes not leaving his kids any money, hes donating to charity!”
He kids own the charities and he is donating it to them to keep the money in tax havens. They dont own the money but have complete control over it
Can't hate the player
"Own Nothing, Control Everything."
It's been the real model followed by the wealthy for generations.
Ur telling me u wouldn't do the same? Are u mad at the man for being smart?
Where’s ur proof buddy
His kids do not “own” charities. The charity that he is leaving the money to is Bill and Melinda Gates’ foundation and FYI, Bill and Melinda Gates are not his kids.
Imagine living in 2024 and believing the bill and Melinda gate’s foundation is good for humanity.
💯💯💯💯💯💯
True!
Its called a foundation so it must be good
You are a sick puppy if you really believe the nonsense that fighting poverty and increasing educational opportunities is a bad thing.
@@EMMmaximino read a book or a scholarly, peer reviewed article on something. Stop listening to Q. Anon cultists!
This is my problem with hustle culture. How many stories do we need to hear about to understand that the people we are supposed to revere are monsters?
That has nothing to do with hustle culture. You're connecting two things that don't always go together. There's nothing wrong with having aspirations and wanting something beside the pushed traditional path. The problem is when people care more about succeeding than about morals, and their aspirations become selfish and are done for purely selfish gain, instead of acquiring wealth honestly (it's rare, but it does happen) and donating/sharing your wealth. You're right, some people shouldn't be revered. But, wanting to be successful doesn't mean that you automatically revere these people; you can strive to be successful for your own reasons without admiring these people.
Try comparing them to politicians (especially those in anti capitalist authoritarian governments), then they look like saints by comparison. You can find fault with anyone and any system.
Equating Warren Buffett to hustle culture is moronic.
"He gets involved with the worst companies", by the guy who used to work with Jordan freaking Belford. The audacity of these guys lmao.
I'm honestly not sure if they even understood what Buffett meant by "cigarette butt" companies. Pretty sure finding value and conduct proper due diligence is what gave him success. For example, Goldman sachs bought CDS in 2007 (they're like insurance contracts in case those mortgage bonds goes bust), so they are more likely to survive the Financial Crisis, that created an opportunity for buffett
takes one to know one
@@smirnoff3841Right, the whole can't shit a shitter thing.
Hypocrisy is the vaseline of politcal intercourse. Accuse your enemy of what you do yourself.
On the other hand, maybe he just worked with those people in order to get insider information and then later on expose them. Like a Trojan horse. We may never know their true intentions.
They’re right about a lot of stuff, and in others they’re total idiots.
This documentary has increased my respect for Warren Buffett significantly. 💯
Me, too. The whole point of this video was to make you think that Warren Buffet is a crook. One of the best biographies that I’ve read is The Snowball.
Investment is a crooked business. You literally create no value for society but just make money at the expense of other people's actual work.
@@davewestfall1325 dont believe everything this dude says. do your own research. not saying it's true but his videos are highly sensationalized and will bend the truth to prioritize views over facts.
@@Jaykmane
My point, exactly.
@@davewestfall1325no this video exposes buffett for being a narcissistic man who would do anything to make more money than he already has
you can't compare Warren Buffet's price increase on chocolate with the price increase on medicine. Medicines are something some people need to keep themselves alive, no one dies if the price of chocolate goes up.
Yeah, I thought this guy was smart until I saw this comparison LMAO
Martin shkreli is the most hated person because he manipulated the medicine which is essential to life. Sees candy can be ignored. Thats the difference between luxury and essentials.
Martin Shkreli Went To Jail Cause He Was To Egotistical And Was His Own Boss... 'The Plutocratic Class Prefer Team Players" Ask Yourself This 🤔 Why Was Martin Jailed While Crime Against Humanity Doctor Of Doom Fauci Is Free And Media Still Coddles Him? Martin Was A Sacrificial Lamb So Us Little People Would Nievely Believe We Have Rule Of Law
Investing into these major businesses when they’re at their lowest is smart.
Kraft Heinz is the biggest marketer of processed foods in the US. Processed foods is, by far, the greatest cause of premature death in the United States.
Exactly
America has a fake "food" problem. It's not properly regulated.
And skinny fat bods 🤮
I completely lost my respect for Warren Buffett when I saw him pretend to drink Coca-Cola and eat at McDonald's on a daily basis. I knew right then and there that he is a straight-up liar and that everything he says or does is only for PR purposes.
No shit, you just realized that looking at him is enough to realize what kind of shit he is, not because of the food and drinks commercials, we still have to eat and drink something but the inside trading is the problem, and that immense accumulation wealth, with which you could buy influence over let's say people in the law enforcement department
Lmao, you say that like you’re never lied
Not sure I follow you, your logic escapes me@@jonjone661
not on a daily basis but he has to be a frequent mcdonalds consumer. that stuff can be addictive
@@little_finger McDonalds is actually pretty nasty, Never found it addictive. I really doubt he eats that hideous stuff. Id take Thai any day if I could
1st the comparison of sees candy to a life saving drug price is absurd.
2nd billionaires don’t buy mansion in LA and leave them empty “for whatever reason” they typically have multiple mansions so they aren’t always at the same one AND more importantly mansions in LA are assets that go up in value!
Rent the mansions out for "Rap" videos and other pretend shit....(UN)reality TV, etc. It's like a component of a conglomerate of hate and spiritual oppression run by fakes. Like a boot repeatedly stamping on the face of humanity.
Yeah this vid is just a tad bit disingenuous
@@jasontodd5356haha "a tad bit "
Market capitalization of Berkshire Hathaway (BRK-B)
Market cap: $862.85 Billion
As of February 2024 Berkshire Hathaway has a market cap of $862.85 Billion. This makes Berkshire Hathaway the world's 8th most valuable company
thanks for commenting what the video said at the beginning, fuckhead
Now replace buffet with jake - perfect game bro. I salute you.
👍
Absolutely 👍!
Yeah. Negatively talking about people who make a living from other people's work but then recommending investment gurus. 😂 Exactly my kind of humor.
@@laaaliiiluuu I was going to say the same lmao, thanks
Everyone should invest in yourself and don't follow the crowd
Everyone I know is doing this. So I can't follow them?
I'd start by learning the definition of insider trading.
Exactly
Really don't take much research to tell the rich always get 1st dibs over the public regardless
I don't get it. Are you against what he said?
@@Dave_of_Mordor Imagine defending the indefensible…
@@kovy689 seriously...
Takes 20 years to make a reputation and 28:48 to expose it
his supposed inside trading was like 0,000001% of his wealth. this video is ridiculous.
@@ricardodelacrvz1400Imagine defending the indefensible…
Honestly, this doesn't sound like it would be illegal. Long term investments, at least, shouldn't be as subject to quick gains from pumping the market a little.
@@ricardodelacrvz1400Or this known insider trading is merely what got public. Who knows what happens behind the façades?
@@kovy689 This video IS ridiculous. And WB is also just a "normal" billionaire. No surprise. This defends nothing.
Sorry...but, I don't find anything wrong here, except maybe the insider trading incidents. I actually wanted to see something truly negative about him.
Wanting to maintain a good public image is not a crime. Investing in cigarette companies or CocaCola is not a crime. I know they are harmful to society overall, but it is the government's job to limit their usage somehow (through taxes or regulation). If some profitable business is legal, a smart investor would invest in it.
Looking for pricing power is not a crime. Pricing power just indicates the superiority of the product. There is nothing wrong with increasing candy prices. You can price candies as high as you want (basically until people are willing to buy them). With pharmaceuticals though, it is not right, as they are essentials - but again, it is the job of the government to control prices/make drugs accessible to everyone.
And most importantly, none of these investments is private; he has openly discussed them publicly multiple times.
The insider trades though are wrong imo, if they really happened. You should have talked more about them - If they truly happened and clearly proved, what happened with the investigations? What was the size of these trades? Honestly, I don't see an incentive for him to buy these shares with personal money before/after Berkshire has bought them, considering most of his money is in Berkshire itself.
I was expecting something actually bad about him, unfortunately there is nothing here...
You gotta have an edge to be successful I don’t care what anyone says yes banking and habits of people will pay well.
You have any idea what he’s done to our country? Not to mention his own people?? Dude literally helped round up Jewish people during the holocaust….
Warren Buffett is pretty famous for his "value investing" strategy, so i wasnt even surprised that he bought cigarette bonds or Coca Cola when they were still new...
I wanted to approach the video in good faith, but bro is really cooking nothing
@@obeyabe8613I know right lol. Buffet is just a fckin genius simple as that the man has dedication in stocks like no other ever to have lived and he is still at it even now. He loves it and has never made bad financial choices ever in his life, this guy was rich in his twenties without any insider trading nonsense claims lol. The only fact is he was a middle class kid who had wealthy surrounding and that springboarded his success. Apart from that, after all this time this guy would have been caught out and the fact is nobody has anything on buffet
Early life every single time
Poorly executed arguments, felt really forceful. Comparing drug price vs Candy or coke price. One is a necessity item, super regulated. people can live without candy and coke. and if you raise the price, nobody is forcing you to buy candy from that Brand, you have other options. For that particular drug case, you don't have any option.
lol except all the sugar and caffeine make them extremely addictive
@@goodj111not to the point of drugs. Use common sense
@its9333 yes they are...
I recently went to a business seminar and the speaker asked me if I aspire to be like Warren Buffett someday and I reply no. I instead took inspiration from a more ethical businessmen in the form of George Westinghouse. To my surprise only a selected few business owners and investors have heard the name of that guy before. I continue by saying Buffett has caused a lot of pain and sorrow to a s**t ton of people. Obviously, the majority of people in the seminar burst out laughs so I just take a seat and watch the speaker continue talking and ask others questions.
❤💯❤ you would like Craig wright aka satosi nakamoto. Bring sued by Google because his invention BSV the real bitcoin before it was hacked, gives data ownership and control to the People.
Your a clown and will amount to nothing 🤡
And Westinghouse wasn't exactly the same??? This could be one of the most misguided responses I have ever read?! You should dig a little bit deeper in future decisions 🤣
Most people go through life not seeking the truth, hence behaving like NPCs
@@phoneixinvestor Westinghouse never had to experience a worker strike, despite being in the "robber baron" age when worker strikes were common mainly because Westinghouse paid his workers higher, made their work week shorter, provided them disability insurance if they get hurt, and many other benefits which was some of the first implemented. Westinghouse operated at a different level than other business leaders. Workers also didn't have to threaten him to gain those benefits unlike other CEO's of his era and our current era.
I watch your videos pretty often. This video is such a reach.
You expanded on conjecture multiple times to lead your narrative.
For example,
Trading on your personal account based on your own T/A, then having your company do the same is not insider trading in any way shape or form.
You clown 🤡 🫵
Candy and pills are not comparable 🤣
You sure ?
Peter Lynch is the real top dog. Class and integrity.
😂😂😂😂😂😂😂😂😂
What he did worked at the time. He wouldn't get the same results now because of the internet now. He stopped in his forties to be with his children (lovable) but he might have known he lost his edge. I am still convinced you can get good returns following his strategy nowadays.
Give me a break.
If you're looking for 'heroes' in the world of finance you're going to be disappointed a lot.
Warren Buffett can't take it with him. The clock is ticking
You think they do it to take their wealth to the grave? That’s the most naive thing I’ve heard.
@makabongwengcobo6792 you should actually try reading next time.
Pyramid Structure of Society would be maintained if all of it inherent by blood relatives or even outsider.
They're leaving it to their young clones who are in school in Geneva right now learning how to rule the world
@@makabongwengcobo6792 what is their motivation then?
Obliterator of the American middle class
Nope. That would be inflation, or the expansion of the monetary supply by ending the gold standard and the printing of endless fiat currency by central banks.
How 💀
@@kevin_tchen And yet he is contributing to it....
@@gaozhi2007 👍🏽
that was regaen
Arvid Ali talking about "pricing power" like its the most evil thing in the world 😂 i would not want that guy managing my investments
What about you Jake?
Owning a big stake in KO is an “evil act”?
Pricing power is evil?
This video is garbage.
Probably contributing to the obesity epidemic? If a bottle of water costs the same as a bottle of coke I would buy the coke.
@@tonii5690he is just a good granpa which wants to make your life sweeter😂
@@mfmf100you are dumb to believe a rich granpa which doesn't even know your existence.
“Donating” to his kids foundations haha …so a tax free inheritance you mean???
I refreshed my RUclips at the right time. I’m glad that the algorithm is putting you on my page again you were giving too much knowledge out.
It can also be you subscribed to him and when he uploads it shows in your feed lol
@@ayamurayama3961 no, they're saying his videos were being suppressed by the algorithm because of how much TRUTH is here at this channel.
Warren Buffet has invested in thousands of companies over his career, so I imagine there might be a few that turned bad. I wouldn't say the few that were selected are the norm of his investments.
in minute 21:00 i think that there is a very big difference between candies and vital for survival medical products
there are no good billionaires.
i stopped using Geico when they kept increasing my Insurance cost every 6 months. They definitely follow ruthless business tactics
Have you considered that maybe there isn't a conspiracy behind every single thing?
This video is so inconsistent it hurts😭
In what way
Even though this document is eye opening, you cannot deny the genuine investment advice of Warren Bufett.
Yes you can he's an utterly contemptible cretinous capitalist wankbag
That’s what I’m saying, Berkshires returns are still incredible and his investing advice still makes sense
it's not butt-opening tho sadly since how many ppl got butt hurt over this junk lmao
No one gets rich by been a nice guy. My Dad told me that when I was 10, while waiting for the sheriff to show up to remove bad tenants. Good times, good times.
I said it on the Finiuas documentary on Warren & I’ll say it here, watching Billions will desensitise you to such. The man is a shark.
I mean is it buffets fault that people smoke and drink coke or is he just making money off what people want?
Hmm, maybe I should invest in private prisons. After all it is not my fault people go to jail.
The rich make money. The poor make noise
Sure
You are making noise, like us😂
I applaud your effort to make people stupider by watching your video on Buffett. Well done.
I find it very comforting that no matter how much money he still makes and has he does not have much time left and will soon kick the bucket like his friend charlie munger. This billionaires would like to live forever but they all will vanish into dust.
sadly late...
Why wait till you die to donate your money, why not donate it while still alive like Rockefeller and Carnegie. He claims to live modestly so giving nearly all his money shouldn't affect his lifestyle.
"My three children are the executors of my current will as well as the named trustees of the charitable trust that will receive 99%-plus of my wealth pursuant to the provisions of the will," Warren Buffett said in the letter.
He eats more at Mcdonalds, so he'll live longer. I don't know how many cola's he drinks though.
Fascinating story. I never realised building a brand for a soda trough marketing and charging 50 ct per can extra is the same as letting people die by making a medacine unavailable trough price increases. What great insights, real eye opener. Great video, very objective 😂
I wish I didn't have morals and ethics to do this to other people
U didn’t even want to spit it out right 😂
But they love it
Based off of your vocabulary i'm sure you even could if you wanted to.
I mean, do you really think you send someone to jail because "public opinion"?? Do you really think he will donate so much money because he cares of what you think about him??? to much social media...
This just goes to show, that virtue signalers are always without fail horrible people.
That’s where money pickle comes in, the real good guys , promise
I think that the pricing power aka price gouging advice isn't bad, it is just a good business move, it's a part of how the game is played. But the ethics really come in, once you apply it to the industries, that arguably should not be private and subject to the market forces in the first place (pharmaceuticals).
BIG FAN FROM JAMAICA 🇯🇲 I LOVE YOUR WORK AND CONTENT KEEP IT UP
How is it at yard atm?
Watched his documentary yesterday for project and they named him ' Oracle of Omaha ' going to share it to my teacher....
Make a presentation with all these facts that will make you look really smart
Rather a douche
Every class needs a clown.
@@SoilentGr33n You mean yourself?
Buffet once said that it makes no sense to diversify. Other times he says to buy into the S&P500.
He said if you’re an investor, you should put your money into your best ideas… for the average person who knows nothing, the s&p 500 is best.
No sense to diversify "if u know what u are doing" and for all those who don't, S&P 500. 💁
Sp500 is a diversified investment
This seems like a troll video, most of the arguments in this video are either misinformed or illogical.
Buffet said before “if you have never lost money in the stock market, you have never traded stocks before.”
You have to prove that Buffet traded AFTER knowing that BRK.A would invest heavily in a stock.
It is a possibility that he bought the stock based on his own liking, and BRK.A followed afterwards
You are reaching Jake, Warrren is a legend this shows no matter what you do u can’t win
Watch Finiüs’ documentary on him😂😂
Jake is running out of ideas lol
Buffet may not have blood on his hands, but he bankrolled the people that do
Jake is definitely reaching. Destroying society, really?
100% inside trader who will never get in trouble with law. If we do the same thing as what he does, we will be locked up. 😅🤦🏻♂️
“Behind every great fortune there is a crime” Balzac
Precision Just In Time Schedule Railroading,
Maintenance avoided is money saved.
The Supremacy of Fiduciary Duty.
Wages are a theft from the shareholder.
And here we are.
Hmm. Who has the monopoly position on Narcan?
That was a complete waste of 28 minutes
Agreed
yeah i stopped halfway through. 10 minutes in and the most evil thing he did so far was invest in coca cola 🤦♂️
“A cigar butt found on the street that has only one puff left in it may not offer much of a smoke, but the ‘bargain purchase’ will make that puff all profit.” -Warren Buffett
GUESS YOU CANNOT TRUST ANYONE😮😮
If that is the case, then we are in trouble.
Dave Ramsey said the same thing he doesn't do what he says. Everyday we are learning the world we live in is a lie. thanks Jake
So he's like palpatine from star wars, and he keeps getting away with it !
Everyone has a mask - a public mask which is a chameleon that changes depending where and who you are with, a private mask and a secret mask.
It's crazy how people believe he actually drinks that stuff (coke)😅
Good business is good business. This video only made me admire Warren even more. Math, data, and the free market does not care about your feelings. There's a reason why socially responsible investing does terribly in comparison to the average VOO. A good deal is a good deal with stocks and running businesses. You always have a choice as a customer. You dont need all this bs but youll buy it anyway
I've been watching your channel for a year now,and I'm loving it ❤😊
The Best Way To Predict The Future Is To Create It
Lol y'all really thought Santa was real🤣
What are the reasons for being a big luxurious house? Make a video about that
I dont know if this perception is accurate, although the psychological and social perspectives are thought-provoking.
The rich cheating to get richer? I'm so shocked. Honestly, can't you hear how stunned I am? Gosh, I wonder what we'll do.
They don’t cheat…..they designed the game.
He tapped into understanding the greed of others too. Law makers won't change what he's doing or put him in jail because they profited off of what he built.
I’ve never seen warren buffet as a “moral compass” or like someone that people saw as like a influence to imitate if you wanted to be a good person. Not being a contrarian but I thought the reason warren buffet is someone held in high regard was because of proof it’s not only about what you know but who you know and some (I guess) proper investment strategies does insider trading make it way easier when your friends with all these companies of course. But i don’t think there’s a businessman who doesn’t cheat in some way even lawyers cheat it’s messed up but everyone cheats sometimes because you can’t stop people from having personal relationships and or leverage on other people
Imagine bashing Warren Buffett, but secretly holding Berkshire Hathaway stock.
I love your thumbnails, bro haha
Imagine jake never outsourced his videos :(
24:40
As the saying goes: "It's not what you know but who you know that matters the most."
if owning a soda company is morally hazardous just image how morally bankrupt a person would have to be to consume soft drinks and blame other people for their own choices
I was watching a drivers theory class when the notification of this video popped up…
Bro invented the Buffets and you didn't even mention it, jake missed opportunity bro🤦🏾♂️
That dude with white porcupine hair @5:27 absolutely looks like a wealthy man who is talking to his financial advisor 😂
Ok so candies and pharmaceuticals are same thing…😂
That’s crazy
It’s refreshing to see someone other than congress members insider trading lol
*JAKE ALWAYS BE CAREFUL. YOU’RE MAKING BIG ENEMIES LEFT AND RIGHT.*
Love you. ❤🎉
He didn’t name them he’s a good goy
The world really never heard about fiscal optimisation? Creating a foundation is a legal way for not paying taxes!
You should do a video on Klaus Swaub, the WEF, and Justin Trudeau. What is going on in Canada is a warning to the rest of the world.
"We penetrate ze cabinets"
we must stop these incompetent people who should not be at the helm.
Are you donating 99% of your wealth after your death Jake?
He will donate to his charity😆
Nah he's stealing all of his stupid subscribers money and taking it with him to the grave
Jake I will really like to see these videos in Spanish, are you planning for dub in the future?
Lance Armstrong was also a master at this… his cancer foundation….
@jake please look into the MMTLP saga. Over a year our shares were halted before the company could go private. Hypothetically we could have millions of counterfeit shares.
I can't wait until he makes a video about Alex Hormozi
Who?
Should I take a Dale Carnegie course 😂😆
As a normal person looking into the market and a way to make more money, what do we do? Even Jake has other platforms where he charges for content. Is he immoral? Making money is about making money. I’m so confused lol I need more answers!
Dude I’ve seen rich ppl homes , they enjoy their luxury things . All cap
" he got us addicted to coca cola and cigarettes ".. 😂 I can't even watch the rest of this.. you had for a second though
This video is way off the mark.
Explain to a idiot like me
Elaborate
Your hero’s are not really heroes
Meat riding the wealthy?😂😂😂😂
Wait until his connection to Boy's Town in Omaha comes out publicly... Looks like he likes ice cream also.