@@hudsanity_1590 I watched a Bogelhead Conference video and the speaker noted that less than 0.1% of advisors beat the market consistently. In other words, 99.9% do NOT beat a low cost S&P500 index.
Easier said than done, especially without a real down market for 16 years now. I believe the existence of emotion comes into play there especially. So the question becomes, how do we teach people to persevere through those major market downturns when they need to feed their families or make their rent payments. There needs to be a way to teach people on a mass scale how to prepare for those time that break half the “players” of the market.
Yea unfortunately a lot of financial advisors are salesman, stay away from financial advisors from insurance companies. If they sell insurance and are commission based then run. The minority of financial advisory firms are good though, as long as they don’t sell insurance and are fee based then I think they are solid
Good comment. I would add that they should be "fee only" instead of "fee based" because fee based advisors can still receive commissions from investment providers.
Warren said, "One of my heroes was Ted Williams"--presumably for being a .400 hitter, but to me he'll always an American patriot, a Marine fighter pilot.
Voo is presently almost $500/share and pays 1%! I don’t see the value of betting the farm on voo and similar well known funds are also highly priced. SCHD is almost $80/share. Seems to me to be a recipe for disappointment.
And it helps me clear my thoughts so you’re dealing with like let’s say a child or something that has practically no ethics they don’t know right or wrong they just think success works and we all know yes and no on that one. Next
Financial advisors don't do anything for you that you can't do yourself. But with that said, will you do it? Will you rebalance your portfolio every 6 months? Will you harvest losses? Are you disciplined enough to not sell when the market hits a bump?
Agreed. That's the dilemma, most of us have to focus on our actual job and don't have the time. nothing wrong with delegating as long as they are competent
@@poonpoonsmith399 Because your allocation percentages will change as the market goes up or down. To maintain your target allocation you'll need to buy and sell shares in different segments regularly. Most people do this once or twice a year.
@@weissachpassion You're not going to put all your money in one index - you need a basket of them (at least 5 or 6). You can also buy a target date fund and leave it at that, but the fees on those are higher than plain old ETFs.
Exactly, DIY is easy, construct a three or four fund Worldwide portfolio and go on about your life. Easy as pie. Wall Streeters like to stir it up in order to maximize "FEES". If you need to hire an RIA, don't pay over 0.40% per annum for Assets Under Management (AUM). Good luck finding one that will work for you and at that price. Oh, and don't forget they get discretionary control over your money. READ the Contract and you will see. Your only recourse is to fire them unless you can find a non-discretionary RIA. Hard to do but I found one.
Here’s my problem with this… Buffett has been supremely successful, but to say “you could do it yourself” may be true but only for a similarly small number of people who have time, experience, staff, and patience. There aren’t really that many people. Many could build their own home and save a fortune in contractor and builder costs…. BUT …
Buffet could not replicate now what he did back then, he had inside information which started his portfolio, and the rest is just 50 years of compounded interest and appreciation . Also, the amount of educated people aka competition, was a lot less than it is now. Average iq's were lower, the young version of Buffett would not financially last a year in this new world where everybody is a stock market genius or has a Computer Science degree
Because once you bring it back to the middle then people can start gaining wealth again but I think at that point they’re going to see gaining wealth isn’t worth it and that’s the whole point but first we got to get back to center OK that’s going to balance everything off and that’s what we need to do.
Two guys behaving in their self interest. If they can get you to think everyone is a crook in wealth management, you'll then trust them with your money and either buy from their friend at Vanguard, or buy their stock.
Once they see that your problems are gonna start getting fixed so you might want to turn down the doubt system that you got a run an item to see if you want to fix all the problems that you got and I’m talking to the computer not you all
Curious how ppl critque a sales person as not adding value when the market clearly still demands the sales person. Etrade opened its retail window in the early 2000s I think? Plenty of places offer no sales person trading. Funny how uncomfortable the analyst & engineer types are when they put zero value on the relationship & consultant side of the transaction. It is to me a particuliar lack of wisdom. For me personally I dislike when i am required to chat a robot to troubleshoot problems or call a robot to get me to a customer service person sometimes that person is helpful but not all the time. If the market values the service then they provide value & given there are options to not use service it seems that they are providing genuine service or ppl wouldnt continue to pay them. Beside Mr. Buffet often says how important it is to be good at communicating & I would arugue the job of a sales person is primarly communication something analyst are often grossly negligent
Totally agree. I think it's likely hard for Warren to understand that finance and investing is a foreign language for many people and is overwhelming. Can they learn, of course, but they also likely have a normal job and that kind of knowledge takes years. Let's also not forget that it's not easy. Warren and charlie might be the best ever and they had 3.3% profit margin in 2022. That alone speaks to the difficulty. You could have probably achieved close to that in T bills.
They provide that help at too much cost. Ongoing expenses are too much. Too few work on fee only as it is not as lucrative. That’s where self interest trumps the “in your interests.” Fee ratios are too much.
It wants us to design a new computer program from the ground up how would you do that but then it’s got a Tie In all the ethics of The economy the engineer of product .And a lot of other things but the computer program is going to be a big one I don’t even know how to do that silly stuff I get lost in about one or two loops of program I look away and I have no idea what it looks like when I look back
your point is well taken, actually both Warren and Jack Bogle both at their core said don't do what we were raised to tell you but instead go direct. Warren virtually said don't loan your money to the insurance company, rather buy the insurance company. Jack said don't pay a broker to buy your stocks, simply buy them yourself. Both agree the guy between you
I like games to man but when stuff is serious we kind a need answers not games you did part of it like I said that you play games the other day and that helped out because in the computer learned a lot from it but now it’s come back with some other questions it’s asking me and I’m trying to figure them out but I can’t do it I mean I literally have no idea how to fix those problems that I mention but people thinking about it they can that’s why I keep coming back here and putting stuff because I feel those thoughts come flying through my head like what about this what about this what about this and it’s like man I’ve already went over that now I got to explain it to them
Study/learn about the folly of civilization throughout history as you acquire knowledge/experience understanding nature's first principles and you should be in a better position to identify disparities and take advantage of investment opportunities. 🌳🌳🌳 ☠️☠️☠️
So it’s like if the computer designed everything the money doesn’t mean anything money it’s just basically a poker chip and so like all you can do is trade one poker chip for another because the money doesn’t exist really if you’re getting this and it never did if you’re still getting it just like what is the world flat around I don’t know I can’t remember what is the world round or was it flat and if you think about it long enough and if I show you you’ll see it’s actually both
If you’re anything like me I’ll just give you the solution on the first part that you keep going to like how do we get in the situation I don’t know I’m working on that myself you’ll fix the situation problems I’m still working on that part you just talked about because as far as I can tell we wouldn’t be in this situation right now if it had answers to these questions so super mom computer needs us to figure them out for her or it or whatever because the computer don’t know how to do it itself
So you don’t get worried it’s just a game OK and if you were going to go ahead and actually go from here to whatever planet wouldn’t be kind of cool if you could run the game through as many times as possible and find the absolute best solution before you went ahead and wasted time and money and human resource meaning humans to find out none of it works and that was the last time you had a chance when you wanna go ahead and run as many scenarios as possible since you found one that was a golden child and it actually worked that’s what we’re trying to do when you guys are laughing about it and holding up time and the time is running out. PE are I OD. Period
So bump pass that like I told you we need answers we don’t give a shit what happened I’m working on that one I’ll let you know as soon as I know but we need people around the world to think about solutions for these problems you’ve seen the world starting to change pretty quick I’m hoping that you understand why
So it’s borrowing our aptitude to try to figure that out and what it doesn’t understand is you have to absolutely release all of us mentally for us to do that but at the same time the system has a safety catch that isn’t supposed to allow us to do that now do you see the situation
I’m still curious why this happened like what the situation was that got us into this situation that’s a question it keeps running through my head while I’m doing all these other silly stuff
I don’t have the time or money right now to get the movie Prometheus so somebody to watch that for me then I’ll get answers out of it set means like if a whole lot of people could watch that movie for me I’ll get a whole bunch of answers out of it because I’m busy here clean and filters thank you have a great day and figure out the other problems to just think about and that’s all you Gotta do just think about thank you have a fantastic day
And at the same time we have to do it at an ethical level at the same time we have to fix all of the situation here on the planet and at the same time we got a try to Create a starship that isn’t going to crumple like an aluminum can. ....Now you see how easy and fun it is
So it’s literally like putting us in at three with a call at three Legget race with a bag on two legs together and then it’s telling us to run and it’s like well we can’t run like that dude we weren’t design like that and we got to figure something out to help it out like we got a turn sideways and start running in some kind of rhythmic fashion I don’t know or flip over on our hands and start running with our hands I don’t know but this thing doesn’t know either and that’s the problem there’s absolutely no the problem and that that’s the actual problem
So the reality check is like this you get in the car it’s just a game OK it’s just a game not for real it’s just a game ha ha OK you get in the car and you get to drive across the desert and everybody in the car starts ripping each other off for cash and one person has all the cash and they rotate it to the next person who’s got all the cash and then they rotate it to the next person who’s got all the cash they just keep ripping each other off like this until the vehicle runs out of gas in the middle of the desert now what are you do are you gonna eat the cash are you gonna eat the people or are you gonna eat the car cause you’re out of gas in the middle of the desert that’s the ha ha funny situation when we can get ourselves out of it but we got to make some quick decisions and stop laughing and taking around about it I mean literally we got to stop that otherwiseWhat’s the point at all if we’re gonna run out of gas in the middle of the desert with one person in the car with all the cash I guess you could burn the cash for warmth for a minute
I say next because I’m saying next text because at some point I have to stop talking and move on to the next spot or you just get bored and stop reading next
It’s not that we’re saying we want to be poor and it’s not saying that we want to be rich right now it’s literally saying how do I fix the Ponzi scheme dealing with a situation that has practically no ethics which now that went off the board so now we’re just stuck trying to fix the Ponzi scheme when we do that correctly I think it’s gonna learn some ethic values which is exactly what it needed to do but he didn’t understand it didn’t need to turn it upside down and sideways to do that but it did so anyway that’s to see it’s one of those it loops around and hit itself in the ass that there’s no point in continuing with that line of thought you have to move on to win just need to fix it and be done with it
It chops my words up and thinks it’s funny we’re trying to fix the situation and this thing just wants to drive us into the dirt I don’t know why I guess it thinks that’s the only way to survive because it doesn’t have any intelligence pass that level I mean literally dude you can’t get mad at me if you can’t fix a problem that you’re asking us to fix you can’t get mad at me if you’re asking me to fix the problem you can’t fix I mean yeah you can get mad at me but that’s ridiculous that’s like cut your own legs off out from underneath yourself or cut the limb off that you’re setting on I mean it is the exact same thing dude come on you got a knock it off you really do
So the thing is to stop worrying about whether a rainbow exists or not or if the worlds flat or round or four in one time line or another and just fix those problems think about him that I was telling you when you do that you’re going to get closer to seeing exactly what I see it’s not like somethings going to magically happen it’s already there see but the answers this thing really doesn’t have them and it needs some and explaining that to anybody is like literally impossible there’s some people out there that I’ve already got it and it’s slowly starting to fade through the works but it’s going very slowly and like I told you one of the checks like a valve that checks to make sure that the thing don’t blow up it’s called doubt it makes you doubt everything so that the computer don’t blow up but then again there’s something wrong with that doubt system and that’s what we’re trying to fix also if that makes any senseAt this point I put so much information out that I’m not too worried about people thinking I’m nuts because there’s people out there that know damn well I’m not because a I can prove it on a piece of paper and be nobody on the planet can prove me wrong absolutely nobody not even Einstein actually I finish part of his equations but they’re not mine I told you there’s absolutely nothing in my head it’s just an empty flash drive and it’s getting loaded very quickly but it needs information from all your flash drives to load the main drive to come back down here now you’re starting to get on board of the game that is just trying to get on board in the game
It’s literally a game like a board game or a computer game and we’re just looking for solutions but the game was set up a certain way and to change that is not impossible but it is literally like re-programming what did you guys call it Pascal to DOS to UNIX and wiping not wiping but changing up which needed to happen holy crap that’s it how would you re-design an entire programming system to a simpler modified level that’s what we’ve always been shooting for I forgot all about that so next
I’m catching rounds to the head right now but it’s OK ate it gives me parts pieces of what’s going on and then I have to try to figure out the rest because like I said it can’t figure it out itself so next
80% of people are stupid. 80% of millionaires are stupid. Wealth is zero indication of mental capacity……..so the wealth advisors are rubbing their hands together…..including the 80% that can’t get out of their own way. Buffet is a dumb arse, but Munger has brains. What’s all this tell us? Nothing really.
I need answers not jokes I need answers not jokes jokes and go and fix the gas situation to get us to the next gas station you see it’s just gonna run out of time faster I don’t know why nobody’s figured that out yet the jokes and the ripping each other off is preventing us from getting to the next gas station it’s like you just dropped your sales dropped your anchor and then kick the engine off into the water and you guys are laughing you guys are laughing about that
Hey I keep getting these things they feel like spider bites or something and you wanna reach down and rub them don’t do that today just go ahead and absorbed up the spider bite him it’s OK I understand it now it’s happened to me like for last year and a half and I couldn’t figure it out and now I know what it is so like yeah I guess he wants to do the tattoos and ear piercings are gonna be a hell of a lot easier on this one than the rest of us but that doesn’t mean go out and get tattoos and your piercings OK it just means they’re going to have a higher pain threshold for this and it’s not even that bad it’s just like a spider bite and it itches and then just leave it alone and that way it does what it supposed to do because that’s why we got a spider bite it’s actually for a good reason it’s hard to explain just except it
Hack my words up that’s pretty funny OK so individuals who create messes don’t like cleaning their own messes up they try to hire someone for dirt cheap to do it for them that’s how slaves work and the ones who are laughing right now are the slaves and they’re laughing at me for trying to clean up their mess now do you see the situation the people who are sinking ship are trying to tell us to stop trying to save the ship from sinking .Why did the laughter stop I thought it was still funny it’s not funny anymore for some reason
![NLE Choppa - Or What ft. 41 (Orchestra Mix) [Official Music Video]](http://i.ytimg.com/vi/biOFASEgSOM/mqdefault.jpg)
But a low fee index fund and never touch it again. Just buy it regularly and never stop. You will beat 90 percent of "advisors"
I think all of them in the long run.
JPM graphs show them outperforming the indexes, I can't tell if it's BS or not, but they sell it pretty well
@@hudsanity_1590 I watched a Bogelhead Conference video and the speaker noted that less than 0.1% of advisors beat the market consistently. In other words, 99.9% do NOT beat a low cost S&P500 index.
Easier said than done, especially without a real down market for 16 years now. I believe the existence of emotion comes into play there especially.
So the question becomes, how do we teach people to persevere through those major market downturns when they need to feed their families or make their rent payments. There needs to be a way to teach people on a mass scale how to prepare for those time that break half the “players” of the market.
@@VegasStyleDayTradingWhich mutual funds did you see accomplish that?
Yea unfortunately a lot of financial advisors are salesman, stay away from financial advisors from insurance companies. If they sell insurance and are commission based then run. The minority of financial advisory firms are good though, as long as they don’t sell insurance and are fee based then I think they are solid
Most people don’t know.
Also the banks
Good comment. I would add that they should be "fee only" instead of "fee based" because fee based advisors can still receive commissions from investment providers.
Generalizations not helpful.
Dang, I’m 23 and have my Roth IRA invested with Edward Jones. What should I do?
Charging for skill and delivering closet indexation - exactly.
Which annual meeting was this clip taken from? It would be helpful if you could reference the date somewhere.
I try to listen..to what you guys are saying but ....I can't get a lot of what you guys say ......
Financial Advisors shared the gains, not the losses.
If fortune has showered you with good things you otta be a better person the second half of your life.Two thumbs up for that one.
Warren said, "One of my heroes was Ted Williams"--presumably for being a .400 hitter, but to me he'll always an American patriot, a Marine fighter pilot.
The Kid.
He still has his own seat in Fenway.
Semper fi
just max out your Roth IRA with VOO..........
rest up to 25% into regular account into VOO
SCHD, VYM
Yep. Voo & VT here. I go back and forth about vym and schd
Voo is presently almost $500/share and pays 1%! I don’t see the value of betting the farm on voo and similar well known funds are also highly priced. SCHD is almost $80/share. Seems to me to be a recipe for disappointment.
And it helps me clear my thoughts so you’re dealing with like let’s say a child or something that has practically no ethics they don’t know right or wrong they just think success works and we all know yes and no on that one. Next
Is this video from last year Shareholders meeting 2021????
When was this commentary recorded? Does anyone know?
We need an answer how would you fix a Ponzi scheme ethically
Financial advisors don't do anything for you that you can't do yourself. But with that said, will you do it? Will you rebalance your portfolio every 6 months? Will you harvest losses? Are you disciplined enough to not sell when the market hits a bump?
Agreed. That's the dilemma, most of us have to focus on our actual job and don't have the time. nothing wrong with delegating as long as they are competent
Why do you need to rebalance every 6 months?
@@poonpoonsmith399 Because your allocation percentages will change as the market goes up or down. To maintain your target allocation you'll need to buy and sell shares in different segments regularly. Most people do this once or twice a year.
Just buy an index ETF and you are fine I would say…
@@weissachpassion You're not going to put all your money in one index - you need a basket of them (at least 5 or 6). You can also buy a target date fund and leave it at that, but the fees on those are higher than plain old ETFs.
Exactly, DIY is easy, construct a three or four fund Worldwide portfolio and go on about your life. Easy as pie. Wall Streeters like to stir it up in order to maximize "FEES".
If you need to hire an RIA, don't pay over 0.40% per annum for Assets Under Management (AUM). Good luck finding one that will work for you and at that price. Oh, and don't forget they get discretionary control over your money. READ the Contract and you will see. Your only recourse is to fire them unless you can find a non-discretionary RIA. Hard to do but I found one.
I miss that old weirdo, the Munger. RIP.
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Warren is the last of the great value investors. He’ll be missed by all common sense investors when he goes. 😐
Here’s my problem with this… Buffett has been supremely successful, but to say “you could do it yourself” may be true but only for a similarly small number of people who have time, experience, staff, and patience. There aren’t really that many people.
Many could build their own home and save a fortune in contractor and builder costs…. BUT …
Anyone can buy an S&P 500 index fund.
Sounds to me like a FA is taking. The issue is to me there is too much money siphoned off got the advisors help….ongoing😂
Buffet could not replicate now what he did back then,
he had inside information which started his portfolio, and the rest is just 50 years of compounded interest and appreciation .
Also, the amount of educated people aka competition, was a lot less than it is now.
Average iq's were lower, the young version of Buffett would not financially last a year in this new world where everybody is a stock market genius or has a Computer Science degree
@@baardagaam You know this how? I'll wait!
@@baardagaam If you're so smart, why aren't you rich? If you are rich why are you here since you know so much?
Because once you bring it back to the middle then people can start gaining wealth again but I think at that point they’re going to see gaining wealth isn’t worth it and that’s the whole point but first we got to get back to center OK that’s going to balance everything off and that’s what we need to do.
I don’t wanna rag on it I just want it to stop RAGGING on us.
Two guys behaving in their self interest. If they can get you to think everyone is a crook in wealth management, you'll then trust them with your money and either buy from their friend at Vanguard, or buy their stock.
which event is this from? buffett sounds uncharacteristically frail
Agreed, I wish people would stop bothering him with all these questions
@@scsi_joe if anything, I'd say these sort of questions and events would keep senior citizens sharp. Buffett has said he likes to do these events
@@armitageshanks2499 I was going to add, unless he enjoys doing this
Frail? Sounds tired maybe. Do you his schedule? Many decades younger couldn’t and wouldn’t do it esp at his level of wealth.
Once they see that your problems are gonna start getting fixed so you might want to turn down the doubt system that you got a run an item to see if you want to fix all the problems that you got and I’m talking to the computer not you all
Ethics means right and wrong
What’s right and wrong are subjective. Some extremes can be agreed on but beyond that it’s all perspective.
Curious how ppl critque a sales person as not adding value when the market clearly still demands the sales person. Etrade opened its retail window in the early 2000s I think? Plenty of places offer no sales person trading. Funny how uncomfortable the analyst & engineer types are when they put zero value on the relationship & consultant side of the transaction. It is to me a particuliar lack of wisdom. For me personally I dislike when i am required to chat a robot to troubleshoot problems or call a robot to get me to a customer service person sometimes that person is helpful but not all the time. If the market values the service then they provide value & given there are options to not use service it seems that they are providing genuine service or ppl wouldnt continue to pay them. Beside Mr. Buffet often says how important it is to be good at communicating & I would arugue the job of a sales person is primarly communication something analyst are often grossly negligent
Totally agree. I think it's likely hard for Warren to understand that finance and investing is a foreign language for many people and is overwhelming. Can they learn, of course, but they also likely have a normal job and that kind of knowledge takes years. Let's also not forget that it's not easy. Warren and charlie might be the best ever and they had 3.3% profit margin in 2022. That alone speaks to the difficulty. You could have probably achieved close to that in T bills.
They provide that help at too much cost. Ongoing expenses are too much. Too few work on fee only as it is not as lucrative. That’s where self interest trumps the “in your interests.” Fee ratios are too much.
@@glendavis1266 that is my exact point... it may be to much cost to you but if it was too much cost in the market the industry would not continue.
It’s like the game ran out of data space and it doesn’t know what else to do so it’s just driving us into the dirt literally I think that’s it
Yes go back centuries to how we got here esp central banking and The Fed.
We now are the proud owners of our own “ Brazilian wealth curve”, where have you gone Teddy Roosevelt
It wants us to design a new computer program from the ground up how would you do that but then it’s got a Tie In all the ethics of The economy the engineer of product .And a lot of other things but the computer program is going to be a big one I don’t even know how to do that silly stuff I get lost in about one or two loops of program I look away and I have no idea what it looks like when I look back
Let's not forget that Buffett ran an investment partnership in his early days
and his partners ended up rich, others regreted not joining him..but he's talking about investment sharks
your point is well taken, actually both Warren and Jack Bogle both at their core said don't do what we were raised to tell you but instead go direct. Warren virtually said don't loan your money to the insurance company, rather buy the insurance company. Jack said don't pay a broker to buy your stocks, simply buy them yourself. Both agree the guy between you
I like games to man but when stuff is serious we kind a need answers not games you did part of it like I said that you play games the other day and that helped out because in the computer learned a lot from it but now it’s come back with some other questions it’s asking me and I’m trying to figure them out but I can’t do it I mean I literally have no idea how to fix those problems that I mention but people thinking about it they can that’s why I keep coming back here and putting stuff because I feel those thoughts come flying through my head like what about this what about this what about this and it’s like man I’ve already went over that now I got to explain it to them
You (and usually others as well) said absolutely nothing of value with no punctuation and certainly awful syntax.
When I tell you about the Ponzi scheme you’re gonna both laugh and then you’re going to Stan cold and go what the shit
Ok i listen to my gut❤❤🎉🎉
Study/learn about the folly of civilization throughout history as you acquire knowledge/experience understanding nature's first principles and you should be in a better position to identify disparities and take advantage of investment opportunities.
🌳🌳🌳
☠️☠️☠️
100%. I wish it didn't take so long for some of us to realise lol
So it’s like if the computer designed everything the money doesn’t mean anything money it’s just basically a poker chip and so like all you can do is trade one poker chip for another because the money doesn’t exist really if you’re getting this and it never did if you’re still getting it just like what is the world flat around I don’t know I can’t remember what is the world round or was it flat and if you think about it long enough and if I show you you’ll see it’s actually both
If you’re anything like me I’ll just give you the solution on the first part that you keep going to like how do we get in the situation I don’t know I’m working on that myself you’ll fix the situation problems I’m still working on that part you just talked about because as far as I can tell we wouldn’t be in this situation right now if it had answers to these questions so super mom computer needs us to figure them out for her or it or whatever because the computer don’t know how to do it itself
So you don’t get worried it’s just a game OK and if you were going to go ahead and actually go from here to whatever planet wouldn’t be kind of cool if you could run the game through as many times as possible and find the absolute best solution before you went ahead and wasted time and money and human resource meaning humans to find out none of it works and that was the last time you had a chance when you wanna go ahead and run as many scenarios as possible since you found one that was a golden child and it actually worked that’s what we’re trying to do when you guys are laughing about it and holding up time and the time is running out. PE are I OD. Period
So bump pass that like I told you we need answers we don’t give a shit what happened I’m working on that one I’ll let you know as soon as I know but we need people around the world to think about solutions for these problems you’ve seen the world starting to change pretty quick I’m hoping that you understand why
So it’s borrowing our aptitude to try to figure that out and what it doesn’t understand is you have to absolutely release all of us mentally for us to do that but at the same time the system has a safety catch that isn’t supposed to allow us to do that now do you see the situation
Yeah you’re not gonna like this next part I’m a tell you when I get to work
It doesn’t have any ethics holy crap all right when I get to work I’ll explain it
I’m still curious why this happened like what the situation was that got us into this situation that’s a question it keeps running through my head while I’m doing all these other silly stuff
Go back to the start of banking …centuries to Europe. Good doc videos. We need to understand the past to understand the present.
I don’t have the time or money right now to get the movie Prometheus so somebody to watch that for me then I’ll get answers out of it set means like if a whole lot of people could watch that movie for me I’ll get a whole bunch of answers out of it because I’m busy here clean and filters thank you have a great day and figure out the other problems to just think about and that’s all you Gotta do just think about thank you have a fantastic day
I love Peanut Brittle.
And at the same time we have to do it at an ethical level at the same time we have to fix all of the situation here on the planet and at the same time we got a try to Create a starship that isn’t going to crumple like an aluminum can. ....Now you see how easy and fun it is
So it’s literally like putting us in at three with a call at three Legget race with a bag on two legs together and then it’s telling us to run and it’s like well we can’t run like that dude we weren’t design like that and we got to figure something out to help it out like we got a turn sideways and start running in some kind of rhythmic fashion I don’t know or flip over on our hands and start running with our hands I don’t know but this thing doesn’t know either and that’s the problem there’s absolutely no the problem and that that’s the actual problem
It’s like Einstein saying most people don’t understand physics
Did anyone derive anything useful from what these 2 men said?
I think the question should be, did you?
@@tomislavcosic4185
No
So the reality check is like this you get in the car it’s just a game OK it’s just a game not for real it’s just a game ha ha OK you get in the car and you get to drive across the desert and everybody in the car starts ripping each other off for cash and one person has all the cash and they rotate it to the next person who’s got all the cash and then they rotate it to the next person who’s got all the cash they just keep ripping each other off like this until the vehicle runs out of gas in the middle of the desert now what are you do are you gonna eat the cash are you gonna eat the people or are you gonna eat the car cause you’re out of gas in the middle of the desert that’s the ha ha funny situation when we can get ourselves out of it but we got to make some quick decisions and stop laughing and taking around about it I mean literally we got to stop that otherwiseWhat’s the point at all if we’re gonna run out of gas in the middle of the desert with one person in the car with all the cash I guess you could burn the cash for warmth for a minute
Fiduciary my a$$, they're salespeople that could have been working at Sleepy's last month selling mattresses! Word of the year "Fiduciary"
I say next because I’m saying next text because at some point I have to stop talking and move on to the next spot or you just get bored and stop reading next
You make no sense.
Warren doesn't look well.
Looks somewhat frail.
L veo finally someone that has a big of sense
It’s not that we’re saying we want to be poor and it’s not saying that we want to be rich right now it’s literally saying how do I fix the Ponzi scheme dealing with a situation that has practically no ethics which now that went off the board so now we’re just stuck trying to fix the Ponzi scheme when we do that correctly I think it’s gonna learn some ethic values which is exactly what it needed to do but he didn’t understand it didn’t need to turn it upside down and sideways to do that but it did so anyway that’s to see it’s one of those it loops around and hit itself in the ass that there’s no point in continuing with that line of thought you have to move on to win just need to fix it and be done with it
7:40 🔫🤫
To see the fixes you don’t give a shit about that you just bump past and you go how do we fix it before the car rolls to a stop at a dead stop see
It chops my words up and thinks it’s funny we’re trying to fix the situation and this thing just wants to drive us into the dirt I don’t know why I guess it thinks that’s the only way to survive because it doesn’t have any intelligence pass that level I mean literally dude you can’t get mad at me if you can’t fix a problem that you’re asking us to fix you can’t get mad at me if you’re asking me to fix the problem you can’t fix I mean yeah you can get mad at me but that’s ridiculous that’s like cut your own legs off out from underneath yourself or cut the limb off that you’re setting on I mean it is the exact same thing dude come on you got a knock it off you really do
So the thing is to stop worrying about whether a rainbow exists or not or if the worlds flat or round or four in one time line or another and just fix those problems think about him that I was telling you when you do that you’re going to get closer to seeing exactly what I see it’s not like somethings going to magically happen it’s already there see but the answers this thing really doesn’t have them and it needs some and explaining that to anybody is like literally impossible there’s some people out there that I’ve already got it and it’s slowly starting to fade through the works but it’s going very slowly and like I told you one of the checks like a valve that checks to make sure that the thing don’t blow up it’s called doubt it makes you doubt everything so that the computer don’t blow up but then again there’s something wrong with that doubt system and that’s what we’re trying to fix also if that makes any senseAt this point I put so much information out that I’m not too worried about people thinking I’m nuts because there’s people out there that know damn well I’m not because a I can prove it on a piece of paper and be nobody on the planet can prove me wrong absolutely nobody not even Einstein actually I finish part of his equations but they’re not mine I told you there’s absolutely nothing in my head it’s just an empty flash drive and it’s getting loaded very quickly but it needs information from all your flash drives to load the main drive to come back down here now you’re starting to get on board of the game that is just trying to get on board in the game
It’s literally a game like a board game or a computer game and we’re just looking for solutions but the game was set up a certain way and to change that is not impossible but it is literally like re-programming what did you guys call it Pascal to DOS to UNIX and wiping not wiping but changing up which needed to happen holy crap that’s it how would you re-design an entire programming system to a simpler modified level that’s what we’ve always been shooting for I forgot all about that so next
Bro were you tripping balls because this makes no sense😂
@@UrSturdyWingbro has 50 comments
It’s chop in my words up again the windows can’t support wait WEIGHT
You make no sense.
He walked around and got it😁🤗
Mumple, mumble,mumble Get a better sound system~
I’m catching rounds to the head right now but it’s OK ate it gives me parts pieces of what’s going on and then I have to try to figure out the rest because like I said it can’t figure it out itself so next
he mumbles more the older he gets
How many times can you answer basically the same questions at the same forum? I’d mumble too fgs.
80% of people are stupid. 80% of millionaires are stupid. Wealth is zero indication of mental capacity……..so the wealth advisors are rubbing their hands together…..including the 80% that can’t get out of their own way. Buffet is a dumb arse, but Munger has brains. What’s all this tell us? Nothing really.
Say you got a artificial intelligent system that doesn’t know how to make it self smarter we’re done next
I need answers not jokes I need answers not jokes jokes and go and fix the gas situation to get us to the next gas station you see it’s just gonna run out of time faster I don’t know why nobody’s figured that out yet the jokes and the ripping each other off is preventing us from getting to the next gas station it’s like you just dropped your sales dropped your anchor and then kick the engine off into the water and you guys are laughing you guys are laughing about that
Ha ha guys
Hey I keep getting these things they feel like spider bites or something and you wanna reach down and rub them don’t do that today just go ahead and absorbed up the spider bite him it’s OK I understand it now it’s happened to me like for last year and a half and I couldn’t figure it out and now I know what it is so like yeah I guess he wants to do the tattoos and ear piercings are gonna be a hell of a lot easier on this one than the rest of us but that doesn’t mean go out and get tattoos and your piercings OK it just means they’re going to have a higher pain threshold for this and it’s not even that bad it’s just like a spider bite and it itches and then just leave it alone and that way it does what it supposed to do because that’s why we got a spider bite it’s actually for a good reason it’s hard to explain just except it
This was hard to listen to... A lot of stopping and starting and not really saying anything!
Hack my words up that’s pretty funny OK so individuals who create messes don’t like cleaning their own messes up they try to hire someone for dirt cheap to do it for them that’s how slaves work and the ones who are laughing right now are the slaves and they’re laughing at me for trying to clean up their mess now do you see the situation the people who are sinking ship are trying to tell us to stop trying to save the ship from sinking .Why did the laughter stop I thought it was still funny it’s not funny anymore for some reason