Great Investing Isn't Sexy - The Plain Bagel Interview
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- The plainest man on wall-street, mr half donut - one finance
Subscribe to Richard's Channel! / @theplainbagel
Richard's books list
For history: The Big Short (2008 financial crisis) by Michael Lewis or Liar's Poker
For general investment/financial knowledge:
The Wealthy Barber Returns: A Canadian one but it covers the basics and provides pretty tangible steps for getting your finances in order. Most of the lessons apply to anyone.
The Intelligent Investor: This is a cult favourite of value investors. A little dated (and a little sexist!) but it lays out the value investment philosophy.
The Education of a Value Investor: This is a lighter read and less technical, but it's a book from a famous hedge fund manager Guy Spier where he talks about methods he's used over time to avoid becoming emotional as an investor and getting caught up in the madness of Wall Street. It talks ethics and good emotional management; I took a lot away from it.
One Up on Wall Street: I'm actually still reading this one, but for the active investor it provides a good overview of what to look for when researching companies. Also a little dated, but good fundamental teachings.
twitter: / coffeebreak_yt
instagram: / coffeebreak_yt
this video is an opinion and in no way should be construed as statements of fact. scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napolean Hill pitch.
Note: this video was filmed around august - september, only just released now because I've been lazy.
Thanks Coffeezilla for the fun chat! A quick point of correction; I at one point call Steve Eisman Canadian, but I was thinking of David Rosenberg, a Canadian economist who has similar views on Canadian banks. Eisman is fully American!
I really like your channel, it is informative without encouraging viewers in either direction.
Hey PB, just want to say that I massively admire what you do and seeing you with coffeezilla was pretty amazing
Aye! Finally the crossover I needed
He should do a video about tim Sykes
@damian Look at The Plain Bagel's channel and learn the basics. Go on Investopedia. For specific company data try finviz or Yahoo Finance.
These guys should do a show together called Coffee and Bagels.
Or Breakfast
Fucking A+ HAHA. In Sweden
When coffee meets bagel isn’t that a dating wrbsite
@@LifeisGood-ye8rl Yesss HAHA omg
Boyling Hot Coffee & Bagels on FInance :D
hahahahaha
Teazilla & Full Donut Half Donut. Excellent!!
Sounds like a good snack
Lol 😂👏
I love all 3 of you, each of you have changed my life in remarkable ways.
Just as good as the episode of teazilla with Susan boyle
The pasty antidote front! 👌
i got an ad before the video saying “there’s one secret the rich don’t want you to know about investing”
plain bagel’s first words, “there’s no secret to investing”😂
That’s perfect 🤣
There IS a secret to investment the rich don't want you to know though: start with lots of money from your rich parents.
Well that's because the pain bagel doesn't want you to know!
That is the secret.
@@rakino4418 There's another similar one, it's called gambling, but they purpousefully make it seem like it's addictive and destructive so the rich can keep gambling and making consistent profits.
Remember 99% of gamblers quit before hitting it big!
This is exactly the content you need to balance out all the scammer content! Getting some people who aren’t dishonest, who are giving sound advice! It’s great to protect people from scammers, but it’s better to do that and also point them back in the right directions.
@TheCanMan Can Since 1990 ay bro I think the comment thread you’re looking for is somewhere else 🤣
Value investing is probably the easiest investing philosophy to understand but one of the most frustrating to follow (in the short term) because you have to ignore so much hype.
True, but if you're already resisting the urge to buy Bitcoin rn, then you're already one step there
Why not both allocate a percentage in growth and the rest in value?
@@gabrielgan2971 yeah, better to wait until crypto market cap is over a TRILLION so you can buy it at $100k, instead
Value or growth investing. Both are good
Value investing is just not feasible. I don't let myself be limited to any specific investing philosophy whether its value or growth investing. This just clouds your judgement and makes you sometimes ignore great investments. But yeah its down to what everyone finds themselves comfortable with.
"There's no secret strategy"
Sounds like something someone with a secret investing strategy would say to throw us off!!!!
No it doesn’t. 🤨😁
@@juancantu6169 listen, buddy, i've seen enough dan lok content to know when to read between sifu's lines
@@valiantmasayiti497 there are just people doing the right things
Hilarious comment
It actually is probably, not saying he has but like Patrick Boyle said if someone figured out a secret to make lots of money in a short time why would said person then sell courses about that secret strategy, said person would probably just do it for himself
Perfect timing! I just discovered plain bagel and have been binge watching his content all weekend
In the wise words of George Soros:
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
Or for those that really dislike Soros,
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas."
- Paul Samuelson
@Mekehl Lane
In terms of making money, yes you should. In terms of ethics maybe not so much
The evil master mind...
Hail our World Supreme Leader George Soros👏👏
I strongly dislike George Soros, but he is a world class expert on investing. This comment has merit and the quote is true. Screw Soros though, lol.
Definitely don‘t trust that creep! The second quote is good though!
I thought I could just buy what the great stock traders bought but now I realize that I don't know the price that they bought at ! Or what percentage of their portfolio it is, how it is hedging within their portfolio and when they are selling! And that's just the start.
Patrick Boyle says he doesn't tell people what to buy because he will then have to tell them when to sell. That really hit home for me . I bought what Ark invest bought but at twice the price and I don't get to be at the meeting when they decide to sell.
The Bagel is a favorite of mine for solid informational content on finance.
I've been watching you for about 2 weeks, coffeezilla, and I'm sold! Where can I buy your course?
At the start, I got a Tai Lopez ad 😂
He's still alive? I thought he left the internet....
We believe you Coffeezilla. Keep publishing quality videos, your beautiful hair is on the line...we don't want you to lose your hair.
This has aged very well
that's kinda the point of value investing
Yeah, Mr Bagel was so spot on about “the next real downturn” hitting a lot of these speculative investors really hard
It was kind of the point and a big warning but I miss this time were we could complain about people being to optimistic.
Wow, two of my favorite youtubers! So glad they collaborated together!
These are my two favorite channels. You should keep doing content together. Coffee and bagel has a ring to it. I'd watch a podcast with you guys both, just like the drip. Maybe you can have two podcasts
It's nice to see my favourite channels in one video together, Default Donut and Caffeine Creature, talking more sense than all of the finance lambo bros combined.
This video aged so well
I’m a huge fan of passive investing, but the idea that it takes the risk anxiety out of investing is ridiculous. Any particular index can dip just like a stock. Looking back at the Great Depression, it took 15 years for the market to recover.
I’m bullish on the US economy, but all societies have collapsed. There is no reason to think the US can’t have a catastrophic event like the Great Depression again. Is it likely? No, but passive or active, you still need to keep your life stage in mind.
So many people overlook this, kudos to you for keeping perspective open
I do think it does take some out of it compared to investing in individual stocks. If you invest in a broad index you have a rough expectation what kind of return range you can expect in the long and short term, and figure out in advance what you will do (just keep puttung in x $ every month). Individual stocks are way crazier, they can go up 1000% or down 90% in a few months and then do the reverse.
@@zweck4629 I think this is a misconception. There is nothing special about an index fund. The only thing an index fund does is create diversification cheaply.
If we look at Jan 2000 - 2009 the s&p had a -.95 return. This is known as the lost decade. If you are 20, that's fine. If you were 65 and relying on returns, this would have been devastating. We can also go back to the great depression. It took 15 years for the market to break even. That means many people died without ever seeing a return on their money.
From 1920 to now the S&P has historically returned around 10%. That is an average over 100 years and the variation between decades is drastic. My main point is when investing if you feel like there is little risk you are misinformed. You should always be managing towards goals and not expected returns.
You do realize we had 2 events larger than the great depression right? The financial crisis and the pandemic. The only difference is the fed was willing to print infinite amount of money to prop up everything, which didn't exist during the great depression. We were still on the gold standard back then, but we are fiat now.
My philosophy is if society collapses I have more to worry about than my investment portfolio. What else would I have put my money into? Survival equipment?
These long interviews are fantastic, the guests are always superb
Great interview! Just a tip Mr. Coffee, that background of yours was really distracting. I had to just scroll down here and listen as an audio only thing while I worked, lol. Otherwise, this was good.
I was an arb in the early 80s and recruited by the major brokerage firm in Canada (which later became RBC Dominion). You have to learn how to value companies and then buy them at a margin of safety price well below your valuation. That is all there is to value investing. Speculation on momentum is just that, speculation. Some might get good at that but it is quite frenetic. I am too old for that - lol.
Haven't heard of plain bagel before but he seems like a cool guy, new sub.
Watching this on a Sunday afternoon while enjoying 2 mini bagel with a cup of coffee.
Man, this channel is extremely undersubscribed. This man deserves more subs.
YOLOING call options and put options is a legitimate investment strategy. Change my mind. - WSB
Best crossover ever, go home endgame, you got nothin on these guys
I do a similar thing with my friends. Big fan of this guy, never heard of him before.
If the TH-cam gurus where really that good they’d get a series 7 and manage more money to make more off of commissions
Technical analysis works for those people who can sense a shift in sentiment and get into a trade before FOMO kicks in for other people.
[ Side note : Did anyone else get a Tai Lopez ad before the video started? ]
[ Only 28 days left on your self imposed "One video a day in January or I'll shave me head" ;) ]
Yup. I got one. Titled 67 steps for 2021.
@@iestepan4427 67 steps...I almost bought his course and did some research that led me to Jack Canfield's "The Success Principles" book. It had 64 steps, but the updated version added 3 more...too much of a coincidence, so I bought the book. It's now one of my favorite books.
Sorry...principles, not steps...
Woww i can't believe you are also a trader cheng teoh, I'm a fan of your game videos
@@rayman7596 lol, thanks for watching. I do also like to watch other people's thoughts on finance. Got to take advantage and have your money earn you more money since we never know how long this TH-cam thing can last. ;)
A fan of Richard, thanks for bringing him up for a chat, always interesting to hear his opinion!
:It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
I almost slept at the streets last year when my rent was due 😭 but thanks to a friend who introduced me to Dr Lydia Virginia Woodruff ,a financial adviser.
Please tell me more about this , I really have to plan for myself this new year
If you knew about bitcoin since 10 years ago you won’t be poor ever again . But the truth is that is never late to bitcoin , this year bitcoin is hitting the moon.
People are scared of investing because of high rate of unprofessionals in the business.
@Garry Eric So true. I’m retired and just started three weeks ago. I have earned $24,000 with just $9,000
Everything about this is on the money. I'm an active investor of over a decade. and like so many others, in my first couple years I day-traded and did options. Lost it all. And you guys are right, it's a crucible, you just have to play the game to learn the rules...you can't read it in a book or learn it in a classroom.
I was going to suggest Peter Lynch "One Up" as a good place to start reading, as well as "Random Walk"...but I think you guys mentioned both in the call. These days I'm all about value, dividends and buying dips. It ain't sexy...but it works, it's repeatable, and it's low risk.
Plain Bagel may be fairly young, but he's got a superior grasp on the whole industry and approach. I don't think their was a single thing I disagreed with...but it took me more than 10 years to learn what he has in only a few...he's going places. I wouldn't be surprised if he was running his own fund in the future.
When an old pair of apple headphones sound better than the professional mic lol..
I'm a plain man, I see a Half Donut and I like the video.
Warren Buffett's advice is the best and he gives it away free.
go to berkshire hathaway and tell them to take your money and invest it but you're not going to pay them anything
The Plain Bagel is awesome. Love his work. Learnt a bunch from his vids.
The secret to investing is risk management.
If you lose less than 100% on a yolo you're not managing your risk optimally.
@@klobiforpresident2254 What if you lose more than 100%?
Then you belong on r/WallStreetBets.
@@klobiforpresident2254 r/ihavereddit
That's not a secret it's just an aspect lol.
how can you write a single comment not ending up in an essay about this video and that wouldn't contain an endless list of questions? That's pure gold education(-nal content), thx.
Thanks for the great content man! Was a great interview
When it comes to investing in stocks, understanding the fundamentals of the company is most important. As Peter Lynch (one of the top investors of all time) once said:
"Stocks are not lottery tickets. Behind every stock is a Company. When the company does well, the stock does well. When a company does bad, the stock does bad. It's really not that complicated." Determining whether a company has a good track record, has a good balance sheet, and are making great products is the fundamental analysis. If you want to pick your own stocks, the fundamentals are most important.
nice video! i would try to balance audio between you and plain bagel next time ;)
I need a Coffee and Bagels weekly podcast in my life.
show me one thing tho that tesla has failed at in like the last 10 years. except for minor bullshit like slightly delayed model 3 production stuff like that. not only have they performed but performed better than what anyone expected, against all odds. so it is a bad example to hold up as an overhyped company.
Shhh! Don't tell them that.
Just heard about Dunning Kruger. Love it, and the bank robber who started it all. He put lemon juice all over his face to become invisible as he pulled the heist! When arrested he said, "But I wore the juice." Yeah.
The most ambitious crossover in history!
Im glad to see sane people in this space.
This guy 100% Genuine talking. For stock forex traders should study CFA CMT STA CISI MBA Exchanges own genuine courses. Must also study free from Genuine Brokers company own website like IG index FXCM and other top brokers they provide free great courses. Avoid fake Gurus get proper educations and genuine qualified trainers who has professional qualifications.
I am a simple man. I hear the words "plain", "long term" and "boring" - I subscribe.
I don't know how U take this stuff.... You're the Man 💯💯👌👌👌👌
this guy really knows his stuff.. and he's quite good at explaining it too. he should have his own youtube channel.
oh.. carry on..
If you fuel growth with debt, it really depends on what you are fueling. If the debt is use to fuel something that actually creates value like a Facebook or Amazon, there doesn’t have to be a bubble. With that said, obviously it’s impossible to do repetitively over a sustain period of time, and we are likely in a bubble but I just wanted to point out that it’s not a purely direct relationship like that.
With regard to 55:20, FundSeeder (where Jack Schwager is the Chief Research Officer) does exactly this. They actually get administrator access to users' brokerage accounts and automatically import performance data daily into their platform to be tracked continuously. It doesn't get more legit than that.
Try reading Irrational Excuberance. It's a great introduction to the previous bubbles and crashes in the markets
As an actual financial advisor I appreciate this interview and this guy a lot, definitely going to check out his channel!
Id like to know what inspired cofeezilla to make these vids. I can imagine him being some 18 year old pleb getting scammed left and right until he put on the mantle of exposing scammers
never understood why people turn to youtube for financial advice, when I can use the ASX(for australia) and find all legal, public information about a company. I personally invest only in technology companies as I understand tech a lot myself, and know the overall industry, but even then I research these companies and it is all free + public. Yet, people just want someone to do it for them as they are lazy and uneducated. And yeah these scammers are bad people, but a scammer can only scam people who are open to be scammed. Education and research will set you free. Its so simple too. Baffling to me. Great interview.
What tech stocks do you like and what's your reason. Im curious
@@billybillson9831 personally I am a big fan of XERO, Acconex(sold out), Car Sales, Afterpay and Next DC for the australian market.
The news papers and news channels are full of analysts that can’t trade and Investors who claim big gains aren’t possible. Then on the other side of the fence there are prop firms and some retail traders who make large gains on a daily basis.
This guy is such a breath of fresh air
The ed sheeran of investment
Dude everyday your going up and up lol awesome brother 😎😎😎😎😎💪💪💪💯💯💯
Steve Eisman is also a person that famously was shorting tesla BIG time, had to give up after a while. Michael Burry is the new "big short" investor shorting Tesla. TSLA is overpriced, but shorting it is just not a great bet due to emotional attachment from retail investors.
Thank you for your video. Just learn something the less you know the more you feel like you know.
Stonks...
...Yes.
I love him he's a very educational channel and its short and to the point. And the history is extremely important to learn in my opinion. Shit in the mid 80,s the house crisis that was caused by "fanny and whatever its called" doing the dam near exact same thing that caused the housing crisis in 2008.
except during the Texas 80s housing bubble some banks failed and the didn't bail them out (like investment banks or something I don't re!ever exactly right now but someone correct me or look it up if you like financial history. Literally history dam near repeated itself its MIND BLOWING to me that it isn't brought up
speaking of leveraging. There was a financial advisor in Wellesley Ontario who got lots of people leverage the equity in their homes to invest...in 2007. You can imagine what happened.
Never heard of plain bagel. Just subbed!
"... from the ̶p̶a̶n̶d̶e̶m̶i̶c̶ lockdowns."
FTFY
PensionCraft is also an excellent channel! Mostly UK based, but his info is applicable everywhere.
So condescending. Just assume that all Tesla investors do not know what multiple is... And who didn't go through the tech bubble has no experience with the downside. Becouse this March when market was down 40% it was just fun, wasn't it? I wonder what you did and what your return is when it was so easy to make money. I tell you what I was doing. I was buying companies like TSLA. I am sorry for many people here losing money while saying things like "it is ok, becouse I follow value investing" while thinking that everyone who actually makes money is just lucky.
Great interview! I took away a lot. Please do more interviews like this 👍🏼
Now you are saying Facebook is an expensive stock... It has almost the same P/E as for example Coca Cola...
P/e ratios aren't the only metric. Growth potential, management teams, and many more go into what you think is a good "value". I'm not going to say FB is expensive or cheap, but only that P/E ratio is an important metric but isn't the only important metric to look at.
Amazing how things work I started trying to trade in 2000, all my experiences were bad up untill 2016....
6:46 The problem with the "1% a day" guys is that its usually through day trading, which means you can't trade large volume of money at a time by one person. Having done the math on it, selling courses is considerably more profitable than day trading.
Love the plain bagel channel.👍
I started active trading in the beginning of November and i have made multiple 10-20% days. I can consistently make 1-4% almost every green day i have. Its not that hard. Here is some math to prove just how possible making 1% a day is. Lets say i have a 1000 dollar account, 1% of 1000 bucks is 10 bucks. Lets say i buy 50 shares of a 5 dollar stock for 250 bucks, now if the stock goes up .20 cents. I just made 20 cents per share of 50 shares. Thats 10 bucks. From a single trade from a .20 cent move in a stocks price. Its incredibly possible. You cannot understand though because investing and trading are ENTIRELY different. A hedge fund manager that did no trading at the hedge fund does not become qualified or knowledgeable when it comes to trading just because he did investing. Its like a basketball player thinking he can then play soccer because technically soccer and basketball are both “sports”. Another thing that is important that destroys your arguments against how insane 1% a day is. Is that when you are trading you are not benefiting from compound interest, when you are trading you usually will trade with the exact same amount of money everyday and the profit he makes in a day gets withdrawn into his bank account. It doesnt stay in the account and grow.
That’s really stupid. Why no compound interest? Invest the money you made a day prior and you have compound interest. Just do that for 4,5 years in a row and you are the richest Person on earth. By far.
the problem here is that you dont talk about when you lose..
@@FUCKYOU6677 nor about the short term capital gains tax and trading fees
If you do a fundamental research and you get a price and the stock is volatile, maybe you can trade without risk if peice is below target.
Because if price rises, you ether hold or sell all holdings...
A good book for understanding the stock market and it's history is "A Random Walk Down Wall Street".
Check out Common Stocks and Uncommon Profits by Philip Fisher. I was written around 50 years ago and still holds up. I like hearing the history of Hewlett-Packard, DuPont, RCA, etc and how much it relates to modern companies like Google, Tesla, etc
the book crushes your dreams of the get rich quick scheme. Malkiel is also a complete savage in his writings. love it
The best book to read on the history of the markets is MANIAS PANICS and CRASHES A history of financial crises by Charles Kindleberger. It covers everything from tulip-mania to Bernie Cornfield. I have pretty much read all the books in the bibliography.
I really like that backgground zilla
You mic has too high of lows, and too low of highs. I have to completely turn off my sub.
Neurotic.
Love the videos bro but I wish the camera was to the side so it doesn't look like you're looking at me when the interview is going on. not looking into the camera would be th best option for these videos
Coffee and Bagel callab...
LOL
I love the plain bagel channel.
No such thing as technical analysis, nobody can predict the stock market
Love Richard and the plain bagel!
you can make money if the market it goes up or down, side ways is different, but if the market has bearish sentiment bet against if its bullish don't
how to proof your numbers in trading?
Maybe the trading platform (a 3rd party) can provide something like a resource (e.g. a link) that others can access and see data about the account owner. The account owner can generate that link on button press by setting a few checkmarks regarding which account details specifically can be seen. That link also contains a token that expires after e.g. 1 day making the link accessible only temporarily.
That would at least provide validation via the platform as an independent party with the approbation of the account owner.
Using a backward P/E multiple is a really deceiving way to analyze Tesla stock. You need to analyze the fundamentals value the stock. Understanding fundamentals will allow you to price using a discounted cash flow model. Stop trying to link Tesla with other hype stocks.
100%
Then ask yourself what Tesla needs to achieve to justify its current evaluation. Don't get me wrong, I love that company but right now buying its shares is merely gambling. It could go up 10x within a few years but it could also crash next month. No one knows.
@@Haitatchi they need to achieve at least 30% compound for the next 10 years of sales
@@tykara3404 yeah, agreed cuz tesla will totally be worth more than apple, amazon, and microsoft combined in 10 yrs...
@TheCanMan Can Since 1990 lol it made lek $2 billion for 2 yrs and its selling at how much apple was a couple yrs ago when apple was making like $40-$50 billion a year.
And ppl be lek... "but technology and innovation" as if companies no longer are valued for their profits
Wow bagel and coffee! Awesome collaboration!!!
Stocks are good but I swapped and invested in Forex and Bitcoin trading I've been making good profit.
Exactly!!
Forex and Bitcoin trading are profitable but with the help of an Expert.
I just sold all my Stocks.
Thinking of switching to either Forex or Bitcoin trading.
I tried trading on my own but I lost all my money 😢😢
Bagels and Coffee, yum! 🥯☕ You two are part of a balanced breakfast
The Plain Bagel should connect with Ben Felix and Cameron Passmore of the Rational Reminder podcast, they are also Ottawa-based!
When coffee meets bagel, is that a dating website?
To ensure truthful claims, the trader can show us their:
1. proof of paid brokerage fees
2. bank statements and
3. tax returns.
Lol all the forex gurus on youtube won't do.
Its a great really good many misconceptions cleared.
@Coffeezilla the mains ways to analyze a stock are through Technical Analysis (Charts, and Chart patterns) and fundamental analysis (companies financials)
Fundamentals of a company don’t hold as much value when swing/day trading so that type of trading is based off Technical Analysis which can often be subjective.
Enjoyed this collab! Definitely going to be checking out Bagel’s channel now too
Weird one of the books recommended weren't "Reminiscences of a Stock Operator", hands down one of the best out there. Most finance people I know that is in the top 3 they recommend.
Bitcoin is breaking limits a lot of people are purchasing it, great!
The best thing that should be on every wise individual's list is Investing into different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
Bitcoin will go higher than expected and the best thing to do is to invest what we hold. As for me an expert trader helps me trade and my crypto has been on a steady increase.
Both investments are good to go into but if profit must be considered then crypto is far better.
Investments are the stepping stones to Success.
Investing might be good but investing in the right thing is the actual key to success.