The Truth About Investing - Patrick Boyle, Ex-Hedge Fund Investor
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- Опубликовано: 15 июл 2024
- Patrick Boyle is an ex-hedge fund trader and one of the biggest finance RUclipsrs in the world.
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Disclaimer:
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
📕Chapters:
00:00-00:32 - Intro
00:32-04:56 Does Patrick actually hate Elon Musk?
04:56-11:42 - How Patrick got into trading
11:42-18:15 - Is everything predictable if you have enough data?
18:15-19:06 - Vanta Ad
19:06-21:33 - Why some star funds don’t actually perform for you
21:33-29:56 - Why do we keep falling for finance scams, e..g Ponzi, FTX?
29:56-35:04 - Investing is hard for everyone, including the professionals
35:04-38:38 - Why did Patrick stop running his hedge fund?
38:38-39:31 - Manual Ad
39:31-47:00 - Patrick’s process with his RUclips videos
47:00-54:06 - The secret to success on RUclips
54:06-59:43 - Is Brexit to blame for the UK’s economic underperformance?
59:43-01:05:21 - What do the next ten years look like for investors?
01:05:21-01:10:58 - Is there a bubble?
01:10:58-01:14:27 - What should retail investors do?
01:14:27-01:18:54 - Was crypto good for the stock market?
01:18:54-01:20:50 - Want me to come to your workplace?
How can you have mr. Boyle ready for an interview and not asking a single question on rap music? 😢
real viewers know 😂
@@RossDmochI love Boyle's rap RUclips channel, but he keeps getting off topic in his videos.
He’s the king of rap so muge missed oppty
Patrick is a breath of fresh air. I am so glad that RUclips recommended him to me a couple of years ago.
Aswath Damodaran is even more a breath of fresh air. More technical lectures but is 100% correct.
Also read Good Strategy, Bad Strategy.
I didn't realize this was a rap channel. 🎉
Advice for Damien is to sometimes let guests talk a bit longer and not interrupt. A fine balance to hit
Thanks for the feedback I will work on this in future recordings
My only complaint is the lack of questions about UK drill rap, but other than that it's a top notch interview lads.
I like how Patrick has the unique combination of being smart while being humble and balanced in his views
Patrick is the best.
Great scoop getting Patrick on, he's such a great guy to listen to.
I love Patrick’s rap channel ❤
So much humility - great man !
Love this dude. its great to hear an Irish accent talking about finance, who doesnt sound like a farmer.
Great conversation as always - this man will go far in the rap game I wish him great luck in the future.
This is great all around! And there’s no interrupting each other. Finally
Patrick is the king 👑
Just at the beginning of this podcast, love both creators, great content chaps
👏🏾 outstanding post... TY
Patrick “It’s Funny” Boyle
Great video! Thanks :)
The one we've all been waiting for!!
Great interview! 😊
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Her name is “TERRI ANNETTE MOORE” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Patrick Boyle is one of my favourites l
Patrick Boyle is clearly someone who has the know how to use quantitative research trading short term futures to 100X your money in a snap but instead does the more admirable thing and educates the public on how to invest the rational way over a long period of time.
Great interview.
One point about growth companies and the macro environment the world is facing right now: I agree that this is the time to turn to value investing as debt-to-GDP figures are at all time high meaning that the Keynesian politics that fueled much of the (artificial) growth of the past decades will be facing headwinds. That's in general and on average for growth stocks. However, growth stocks will always exist under any macro environment. I'm personally mostly a value investor.
So THAT'S what it sounds like when Patrick laughs!
Damn wasn’t expecting this
Great interview - you didn't manage to drag Patrick to Manchester did you ?
Patrick rules 💪🏽🫶🏽
Love Patrick, he's the best 💚
Excited for Patrick to drop his upcoming rap album !
His vids are well researched and delivered with a dose of dry and sarcastic humor.
Your explanation is clear and practical. Nevertheless, the market can undergo manipulation in various ways. While I initially grasped trading crypto assets, my technical analysis skills were a limiting factor. This changed when I came across Leah Foster Alderman's strategy. Day trading deserves increased attention, given its resilience to the market's unpredictable nature.
Thanks for sharing, I just did a web check with her full names mentioned.
Pooped my pants
Shit the bed, this Leahhhh Foreskin Olderman is a wizard. She turned my 3 shillings into 4 million Vietnamese dong.
MC Boylz is my fav rapper ❤
Well I didn’t see this happening
Watching from china mate🤷🏿♂️
So Patrick shaved his head to be taken seriously. Right, I'm trying that.
I have the opposite problem. The last time I shaved, I was mistaken for a teenager.
Um, actually:
Richard Nixon did the "wear a suit everywhere " bit first.
How do you manage to get a huge star of the rap scene in and all you talk about is finance? The channel has gone Dammo
/s
It's an imposter. Real Patrick lacks smiling function.
Patrick Boyle,
Came for the content and stayed for the memes.
Great interview. My favourite finance analyst Patrick here makes this episode very knowledgeable and interesting!!
Wait all week then we get the new vanguard app on your other channel and Patrick Boyle!! What a treat!!
Enjoy!
Glad to see Patrick on! He has a brilliant RUclips channel himself
Do you have Apple podcast?
Yes
Patrick is a finance youtuber? I subbed for the rap content but I guess there is a small overlap between Razzlekhan and the finance sphere with her BTC theft and laundering....
/s
one of the most keen observation about modern education, they tell you what equation to do and how to solve them, but not WHY? The same thing I notice in STEM courses, and I heard an old & knowleagable teacher of programming saying the same about how kids today learn computing, I bet everyone has the same feelings in other fields. Dumbification of modern mind.
Should have waited, sorry.
So much Elon hate 😒
AI models will replace most, if not all, data players. Palantir and such software developers are working on some incredible things, I think they will eclipse so many human minds in finance.
Do you know that usually second grade IT developers go to start ups. The best in a class usually goes to Google, Finances or make their own start up.
@@stupidbro2301where do first-class developers go?
@@danielc6106 Google, big mature companies or finance, not Palantir.
Patrick best UK boomer finance channel, Damien talks money best UK Millennial/Gen-z finance channel! Awesome to see them both together!
Boomer? He's late GenX, the youngest boomer is 59....
Patrick is Gen X
@@bendavies3108 Boomer is not related to his age but a paradigm he has towards the finance. He was learning from boomers and has attitude to risk and choice of assets typical to older generation (conservative TradFi)
@@bendavies3108Boomer is not related to his age but paradigm he has towards the finance. He was learning from boomers and has attitude to risk and choice of assets typical to older generations (conservative tradfi)
UK?
"I've made mistakes"
Feels like this one is for me 😂
Why it's funny?
Ugh, I love Patrick’s videos and googled him to find out more about the fund he built and sold and ended up on a rabbit hole about the prevalence of plagiarism in his videos. This hurts.
54:00 - the UK is somewhere between 1st and 3rd fastest growing economy in the G7... including the major EU ones.
Sure: the US grows a lot quicker, but we shouldn't do the UK down + Patrick is right to say it's the uncertainty of Brexit more than nebulous floccinaucinihilipilification.
The point in growth, would you say it is easier for a country to grow the quickest when it saw the sharpest declines?
@@MakingMoneyPodcast Surely yes - growing from 91 to 100 is a bigger increase than 95 to 100 (using rough 2020-2022 figures). 🤷
@@TheMagicLemurI'm unsure what point you are making here? Sure 91 to 100 = 9/91 = 8.89% is bigger than 95 to 100 = 5/95 = 5.26%. I think the question was whether it's easier following a big crash? The better way to look at that is, if we compare two crashes - of 20% = 100 - > 80 and 10% = 100 - > 90, then from those starting points, from 80 back to 100 is an increase of 25% but a 25% increase from 90 is 112.5. Which one
is better depends on when you bought the stock and which one is easier to achieve depends on the causes of the crash and how that impacted the business.
@davem.4003 As in how much GDP fell. Was broadly saying what you are - that the UK has had more volatility, so it is a good place to invest (on that measure).
Am watching this channel to learn more on investing - hence GDP rather than stock prices. 😊
Patrick! T gets the best guests (oh and Damo too I s'pose 😂)
On the BTC front I followed Stahl over at HK and his logic was "I like this idea and I'm willing to place a 0.5% of my portfolio to it (so if things don't go well I'm just losing 0.5%)".
That 0.5% ended up becoming a full 12% of his portfolio and him a miner of BTC.
That was in the earlier years of BTC.
Now that we can all see that BTC is here to stay a 1.5% is relatively safe to invest. I remind you that if all millionaires on the planet bought just 1 BTC each, BTC's price would likely be in the high six figures and that's because it's a by design, deflationary asset in an inflationary world.
Gold on steroids I call it.
Agree, I think it's a vital part of any portfolio these days. It's just the percentage may vary. The Frugal Spender Podcast did an excellent episode on this recently, well worth listening to. Ep. 58
@@shellyperera2010 Thanks for the heads up! I watched the whole discussion and I agree 100%. I left the following comment (with an intro which I'm leaving out here):
"I'm glad to recognize in your guest the influence of Mises (in his "Theory of money and credit") and Rothbard (from his works "For a new liberty" and "The case against the FED") and perhaps a tad of Hazzlit too.
I agree with everything your guest said and I have been saying the same things for years. I also got a few valuable insights. I particularly liked the metaphor of "censorship" in relation to our market decisions. This I'm going to be using onward.
On BTC, I started up by following M. Stahl at HK who started supporting BTC from the earlier days with tremendous success. He also ended up being a miner.
Unfortunately, I entered and exited like the idiot that I was then (and perhaps now) too soon. I am, however, still invested in BTC but through a European ETN which is of course with a fee and no guaranteed safety in relation to cold storage options. Just some institutional regulatory supervising (in a serious country).
On one thing that I have some objections with your guest is his view on equities. If you follow some basic rules of investing when looking for value (or growth) at the end of the day, inflationary or not, (good) companies adjust and devise great strategies to navigate inflationary waters. A 7-8% (not that easy) annualized means doubling your investment in ten years (adjusted for inflation).
Compounding works magic and I wouldn't bet the ranch on any single asset. Even in such a decentralized one (and the closest to a "sure bet" there is), which is, atm, BTC.
Thanks for the great podcast."
Cheers.
What was this... therapy for having a youtube channel
Mostly RUclipsrs talking about being RUclipsrs. So boring.
😅I start laughing just before watching Patrick
Bashing AI fever while validating quant investing... Interesting dissonance. I get the topic is interesting but I feel people abusing the market trends mindlessly rather than investing are part of the problem, something about self fulfilled prophecies and stuff
Quant investing is not abusing the market, but smoothing the market. You are helping with price discovery, that is actually a big part of why stock markety exist.
@@stupidbro2301 shouldn't price discovery be based on the value provided by the company and not the metrics extracted from a model that is just representing the market and not the company in particular. What I meant with "abusing the market" is that is not based on the real value proposition or prospects and risks of the stock, if based on probabilistic metrics that are mostly caused by either FOMO or MOFOs looking only at the ticks
Fact check - Tesla have made about $30bn profit in total to date. In 2018 Elon’s compensation package was valued/set aside at $2.28bn at the time of the offer. If Elon takes the offer he will buy the shares at a cost of about $7bn which he will pay to Tesla for the shares.
Should we also give this compensation to CEO of NVIDIA or any other CEO? 😂😂😂 There are dozens of compenies that in last 5 years grew far more than Tesla.
If majority of shareholders want to give Elon more shares of TESLA, they can just give him tenth of their shares. But why should someone who bougth 0.1% of Tesla give part to Musk?
Can't believe you got Patrick on!! Excellent thank you 😊
We had so much fun! Enjoy!
@@MakingMoneyPodcastthe man's wit is top notch.