The Ruthless Rise of The Wolf in Cashmere
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When you look at the Forbes Billionaires list, almost all the men you see made their money in tech: Jeff Bezos with Amazon, Elon with Tesla, Gates with Microsoft, Zuckerberg with Facebook, Ellison with Oracle, and Page and Brin with Google and then you have a man named Bernard Arnault, at #2 with around $170 billion dollars, trailing right behind Jeff Bezos and in front of Elon Musk, and often trading places with them.
Bernard made his billions in the world of luxury: everything from fashion, leather goods, jewelry, and high-end spirits. He’s the man behind the parent company that owns some of the biggest names in luxury: Louis Vuitton, Dior, Celine, Hennessy, Tiffany & Co, Tag Heuer, Hublot, Sephora, and many more.
The world is ran by smart people. If you look at the totem pole of society, it’s just smart people on top of smart people trying to convince other people to do what they want them to do. When you’re poor, you are owned by smart people: like your boss. But then, some people are able to make it out of that poor phase into the freedom phase where you’re making around $100k a year or more on your own. At this point, smart people can no longer get at you - but they still really want to because we're naturally power hungry creatures. So in order for smart people to convince successful people to do what they want them to do, you have to lure them in with something else. And that something else is luxury goods.
Bernard grew up as the son of a father that owned a manufacturing/civil engineering company in France. According to Bernard, his mom made two major contributions to his life: one, she made him take piano lessons and two, she had a fascination with the perfume and fashion brand Christian Dior. His father was the one that really gave him a sense of business, and by age 25, he took over the reigns of his dad’s company, with the ambitions to start his own empire.
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Please do a video on Controlled Nuclear Fusion Technologies and how it'll impact the society
Congrats on half a million subs mate
I submitted a very similiar video idea back when you started the competition. Not saying you owe me anything or so, the rules were also pretty clear and I would have put the money to charity anyway.
Funnily enough I'm also a watch guy.
So I would like to offer you the following: Let's safe our next watch purchase for another time and give the money to charity!
If you will donate 500 bucks I will match them and donate them as well. :)
Anyway, great content, keep going!
Video idea: “golden handcuffs” for lawyers - the path to law school lured in to big law a lot of money and a lot of debt and a lot of spending…
Does storyblocks let you upload copyrighted HBO footage?
Since the main point of luxury items is to show off wealth, it's extremely easy for those who sell them to make a huge profit since the more overvalued they are the more they fit their purpose.
the premium market segment is the best priced of all the segments, quality meets the price, the luxury segment is overpriced and the mass marketed segment is low quality
Yup
And most of those items cost $300-$500 to make even with all the diamonds (actual cost not imposed value)
And they sell them for , $30,000 - $3,000,000
Profit margins in outer space
@@william_SMMA literally,£500 for a t-shirt that uses the same quality as a £100 shirt or probably just a normal nike t shirt that costs £25
@@Ibrahim-vx5kq what does 100 have compared to a 25 one??
@@cautarepvp2079 colour and material quality doesn’t fade after repeated washing, better quality fabric, fits better
This guy's wealth shows how badly people want to seem rich and how badly people want validation from others
It’s human nature. He banked off peoples needs of validation. People worked for him cause he validated them. He made them seem like they matter. Which is important. If something you wear makes you feel like you matter... or validates you period.. you’d buy it no? Or if someone you confide in Can do this youd listen to them no?
He found how to hack the brain’s reward system, how to make people feel better and made an absolute killing doing it. It’s no small feat. And he also basically monopolised the luxury space, so there’s that too.
@@FamousFelix08 Materialistic things should not make you feel validated
@@devillif311 you are right. Yes but that’s just not how it is
@@FamousFelix08 Sadly to the majority. Hope people wake up to this fact. itll make the world a whole lot happier
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Crypto is the future and investing in it is a good idea
Bitcoin is the future
Bruh, another scammer thread, tf.
"The things you own end up owning you." Tyler Durden
there's a book on this called The Theory of the Leisure Class: An Economic Study of Institutions about conspicuous consumption. its basically about how rich people are always the downfall of society, every time
@pinned by Jake Tran this is a scam, don't fall for it.
"Quote here" - fictional character
My thoughts exactly.
and Ted K
Remember boys! "Learn what to avoid through the misfortunes of others"
Amen brother
@Pinned by Jake Tran NO
Thanks bro
I'll avoid being poor by seeing other people be poor?
Having rich parents who own a company seems to be a pretty important step in success it seems
Kind of an odd way to look at it, considering the parents or grandparents likely didn't begin as wealthy business owners, themselves.
All it actually does is give an individual a bit of a "head start" - assuming they use their lot in life intelligently. Most family wealth is gone within 3 generations.
The ones that keep the wealth and/or increase it over time are often the families that are involved on some lucrative field and perpetuate perfectionism and a ridiculous work ethic among themselves.
...Also, the top 1% aren't the same people. They change every decade as they are replaced with the next uber-successful business/entrepreneur.
@@mr.l8527 your acting as if knowledge of how to run the business is suddenly gone and not passed down to make sure the family's wealth never dies
@@mr.l8527 this is true, but it definitely is an advantage
@@mr.l8527 Being the child of business owners means you grow up learning their mentality, their habits/routines, their lifestyle, and their decision making. It's a pretty big advantage. I witnessed this firsthand growing up as the poor kid in a private school and running a business myself. Regardless, the facts you mention are still good points.
not for everyone, it depends on the person, if the person who inherits has a wrong understanding of the world then that fortune will be lost. so, its good to acknowledge that it takes a lot for anyone to succeed in life. inheriting money will save a lot of time and effort for sure, but then you need to know how to keep it.
“People suffer at the thought of being
without parents, without food, or without worth.
Yet in losing, much is gained
and, in gaining, much is lost.” Lao Tzu
Hey I'm an idiot, can someone explain this?
@@bluerabbitjeevs everything has its polarity, for everything that you gain some thing is lost.
In the chase for materialistic possessions, high status, and monetary riches you loose a big part of your youth, time with family and friends, etc. (Everything has its price)
In my opinion you must make the choice as an individual and measure if what you are winning is more worthy than what you are loosing.
Try too keep balance
Know that no matter who you are or what you do, nothing lasts forever and you are going to die, there is no heaven and no hell those are just perceived present perspectives, so be (not do) be whatever brings you into your own heaven.
@@seperfecto6677 also freedom since you worry so much about what could happen to your possessions
@@spacenodus7959 True , “if you overvalue possessions, people begin too steal”
“throw away industry and profit and there won’t be any thieves”
@@spacenodus7959 Or in more simple terms like tyler durden said “the things you own end up owning you”
Interesting video, but I didn't see a lot about the ruthless "wolf" part. It was more of a "he saw an opportunity and took it". Felt abit too happy.
That was for clicks
opportunity alone doesn't create that level of success, the wolf of cashmere was coined on him way before this channel even was created, taking over 70 luxury companies under one group is not opportunity business world doesn't work like that he mostly had to tear them out from other competition that also wanted to make same acquisitions
@pinned by Jake Tran NO
He back stabbed Luis Vuittons ceo during the Hennessy merger to take control of the LVMH. Checkout the Luis Vuittons story.
He uses sl@ve labour. But all billionaires use it (and yes, that includes Elon Musk), so it doesn't make him any more of a wolf than anybody else is.
This guy has an impressive story. Taking control of LVMH like he did was impressive !
i will fucking shet on your brain sense your brian is full of it
@@zagrosqazy3798 God ! Not my poor Brian, he is full of "shet" !
It's a rather classical billionaire story, born a multi- millionaire, screwed up thousands/millions of people on his rise to the top and voila! Oh, and don't forget to call yourself "self made"
He was already wealthy from his parents business and bought a french state-owned company for pennies on a dollar at the right time at the right place. He’s good and ruthless indeed, and runs a business where people approve of those « survival of the fittest » lifestyle, but it’s luck that catapulted him where he was, he would just be a shop owner otherwise. Plus, the growth of LVMH in the last 30 years came from, oh yeah, China. What a great timing. I prefer Elon Musk.
@@j4genius961 Well to be fair, it's true that he inherited his dad medium size construction compagny when he was yong.
But to say that he doesn't deserve credit while he entered a completly foreign buissness and make it one the biggest compagny on the planet is not fair for me.
For context there is currently arrond 50 milions milionnaire on earth while there is only arrond 3000 bilionnaires. To rise from this first category to the second in one generation is still quite impressive. I mean Mark Zuckerberg who start from zero for exemple is more impressive but still, it's pretty impressive.
As for the argument "screwing thousand/milions of people" I don't really understand, he is selling luxury good. People can live without it, nobody has been force to do a purchase.
If he had srewed anyone it sould be other executive but that's how it works in buisness so I won't cry for them.
But to be clear I think even if his career is impressive I think the bilionaires should be taxed a lot more because it's not normal for single human being to focus this much weath.
It’s signaling for sexual selection and social hierarchy determination. This man leveraged the more primal parts of our minds to become ultra wealthy.
Exactly that’s why digital “art” won’t really take off among the rich because how are you going to show it off the women
@@johnl.7754 I saw an interesting twist on that. People selling NFT Fashion filters. Those you actually can show off on social media (which is more important to many people anyway). They look pretty dope too ngl.
You’re analysis is insightful
Have a large screen showing it off lmao
mmm no, expensive things look nice, what would you rather have? a high end beautiful mercedes or a crappy toyota? a mansion with the best luxury inside, or a crappy apartment with 1 room? if you have the money, there’s nothing wrong with elevating your lifestyle, it’s about preference, it has nothing to do with the sexual crap. But i do agree some of those expensive clothing brands are no different than a cheap h&m or second hand, and are only “valuable” because of the brand name.
Nice video!! Very engaging from beginning to end, nevertheless online investment is the best profitable way to earn money right now.
I believe that companies and billionaires money make profits by trading with expert traders
Making profits is not hard while investing with an expert
That is why I want to hire an expert Stephanie William she trades volatile forex market and bitcoin trading
How many days does it take experts to make profits
I've learnt that investment is the best way to preserve wealth
The interesting thing is that Bernard Arnault both sells and buys luxury goods. All these yachts and homes and art are all the same sorts of luxury goods he is selling, and all almost definitely have luxury margins on them.
Infinite money loophole?
Totally right. He's buying goods to show social status just like his customers are doing with the products he sells.
Only difference is that he's far from being broke buying luxury goods. He earns more than he can spends in his lifetime.
Congrats on his business skills. But nobody needs that much money..
It’s all about the margins and the image. If you’re spending more than you can afford to portray a certain image then you’re the sucker. But if you’re spending a fraction of your earnings to maintain a successful image that will probably make you more money, how can you lose?
@@anguluth2878 lemme guess you're one of the "distribute the rich's wealth" people
You can't be in rags and sell luxury. He is the guru of luxury
The margin in tech is hilariously out of the world
Until anyone saw the margin on luxury goods
@@SourceHades Nice idea let's start together bro🤣. I am from tech background are you from luxury goods?!
Consumer base of tech company are 7 billion people. While consumer base for luxury products is only top 1 or 2 % max
@@SourceHades Apple already exists
@@SourceHades invest in personal robot company lol
@@sourishsaha8067 yes
“He gave me a sense of business “ as well as an entire already functioning business
Giving me Gary Vee vibes...
Wrote a paper on LVMH for my first year and went in depth on him. Arnault is a ruthless genius.
Can you share the paper please?
Please share the paper it'd be lovely if I could read it.
Please share!
Checked the databases, seems like paper is too bad to be published lmao. Basically nonexistent.
@@CHICKENNUGGET69360 “checked the databases” which ones lmao. And the dude said he wrote it in first year, didnt say he submitted it to a conference or journal. What academic databases did you check that would even have a paper about a fashion tycoon 💀
Suggesting that all people in power are smart is wild
You don’t have to be a genius to be successful or even rich.
Compared to the avarage joe, they kinda are. Unless they where just born in to it.
U rich?
Rhetorical question, I know you’re not.
You are clearly not smart
I never get why LV and Gucci are called luxury brand when they barely make their own products and sell a crap ton of cheap material products. Its hilarious how people get tricked into buy fake luxury brand products.
Thank goodness you said it out loud. I was thinking this whole time and keeping it to myself.. that those luxury brands make some seriously ugly and boring stuff!! Luckily I guess, I strictly do not invest in luxury. I don't know why for some reason I find Hermes bags unappealing.. it's just me, my personal opinion. No offense to the designers!!
thats how the world works, the ones buying it know as well but they do it regardless
Gucci is owned by Kering group, Pinault is second richest man in France around 150 billion, but everyone just knows his wife!
Congratulations on 500k, someone once said that "Success is not final; failure is not fatal: It is the courage to continue that count, and once you spy on jake Tran you will know how to rule the world"- Sun Tzu probably
Winston S. Churchill: Yeah probably! angry face
@Pinned by Jake Tran fuck off
Rich people really like to think they're rich because they're smart, don't they?... 😂
They are tho
They think outside the box and usually have strong will cuz they're against the odds when starting out. I'll say yes
@@edizon204 no, I am from a family of a millionaire and I would tell you that's the biggest BS in the world.
I would say the word smart is subjective.
@@yethir7327 Biggest BS? might be an exaggeration. Since ur born into one and not starting out as a middle class, yes?
"The things you own end up owning you" said by a legend 20 years before in a cheap bar.
@Pinned by Jake Tran uhh...
Quote of the poor and low social status who lost the game and couldn't do it so they bail out leaving the spot for stronger and better, winners.
Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $20,000 per week
wow I'm just shock someone mentioned and recommended expert Mrs Tracy walker
Bitcoin is on its way to the moon, it's time we join the Bitcoin community.
I thought people don't know her
As a first time investor, I started trading with Mrs Tracy walker with just a thousand bucks now my portfolio is worth $16,650 within just weeks of trading with her
12th winning thanks to Mrs Tracy walker she is really the best l've Read more about
Would love to see a documentary like this on George soros.
"The Man who broke the England Bank." - Jake Tran
👃
Yes me too.
@@asheru9254 👏
@@mikhael636 rich don't pay taxes. They have an army of lawyers and accountants to find loopholes in tax laws.
Overpriced junk that has no value?
NFT's have entered the chat.
NFT's and art is literally a money laundring/tax evasion scheme
I don't know who needs to hear this, saving money won't make you a millionaire investing will ... Take out some money and invest ,Do it wisely Tho.
Exactly fine words ! I've heard all day... crypto has become a lucrative and profitable way of making money nowadays.
I actually see crypto currency taking over the financial world ! it's making waves.
investing is good but investing in the right thing is the actual key to success
@@theodorecasey2859 I agree 💯 with you
my first investment with Mr patrick Richard gave me profit of 35,000 ever since then he has not failed to deliver 🤑
*RICH PEOPLE PLAYS THE MONEY GAME TO WIN. POOR PEOPLE PLAYS THE MONEY GAME NOT TO LOSE. THE GOAL OF THE TRULY RICH PEOPLE IS TO HAVE MASSIVE WEALTH AND THE POOR SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION INSTEAD OF INVESTING IT. CHANGE YOUR MINDSET AND DO WHAT THE RICH DOES, WHICH IS INVESTING, INVESTING AND INVESTING.*
You're right ma,
that's why I have to start forex trading 2months ago, now am making constant profit from it .
Natural, there’s a lot of math involved in forex trading,
but this is often presented in forms of daunting technical charts, indicators, patterns.
Trading systems allow you to limit the factor of emotional influence on decision-making,
There’s a popular automotive journalist/TH-camr “TheSmokingTire” (Matt Farrah), whose dad led the sale Tiffany & Co. to LVMH. Crazy shit.
Congrats on half a million subscribers you deserve it
Never trust someone who comes to wealth through fashion.
Stop calling them "smart people" call them "Capitalist"
4:40 The whole "smart people run society" model breaks down when such people can be convinced to give a way huge sums of money to buy Veblen goods, i.e. goods that are only valuable because of being priced so as to be unaffordable to the majority of people. So maybe for "smart people" one might substitute "rich people."
Economics student...at least you are taking your lessons seriously.
Jakey is just fueling the idea that rich people are these gods that should be worshipped and is a massive capitalist cheerleader
It starts much sooner than that.... 4:00
Rich people hire smart people
Not to mention that if smart people = rich then does dumb people = poor?
Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $20,000 per week
same here I earn huge weekly profits of $16,443 on my Investment since i started trading with Mrs Tracy walker , his trading strategies are top-notch
wow I'm just shock someone mentioned and recommended expert Mrs Tracy walker
you don't have to be surprised Mrs Tracy walker is good and everyone loves her qualifications and genuine services. I guess that's why she's popular
am winning consistently trading with Mrs Tracy walker
I made up to $32,300 in 2 weeks with $3,100 through Mrs Tracy walker Roland strategy, she is just the best I can think of right now
When you invest, you're buying a day you don't have to work
@Mr Beast You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
@@kelvinpeter8640 It's not ignorance but due to some unprofessional broker in the market
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free and live comfortably
I'm new to this Bitcoin trading, how do I get started with a professional expert
"The less you own, the less you're owned," anonymous
Imagine the guy
Speaking on purpose in a french - english accent to sound more exclusive.
When he was younger his english was more American and fluent.
That's when you have to realize that the money we have is really just paper, so having paper without the intent of putting that paper to use, makes the paper useless to you.
@Pinned by Jake Tran do you think we are stupid or something?
Yet using the paper makes you a slave to the rich people, can you ever win?
There's no paper , only bank statements.
. Nothing is as it seems if we do not know much better about it especially finance .the money creation process. Is actually when commercial banks give loans . We tend to think banks live off interest payments by loan takers ,in actual banks create money out of thin air ,by a process known as FRACTIONAL RESERVE SYSTEM FRS ,and moreover charge interest on it. They actually need to just tap on keyboard to increase the bank statement when they give out loan. Currencies only account for less than 3 % of the economy.
Checkout Mike moleney series ,just search youtube . If you need more resources just comment.
It's about more than practical use it's about public appearance as well since that usually has more advantages than what you can buy directly with money
@@ameenabdullah3712 it's not created out of thin air, it's backed by someone paying it back eventually. It's like bonds, their values comes from being paid back. And as long as the default rate is below the interest rate the whole system is stable and the value justified
My Man Alex Dropping wisedom...I miss these kind of videos that he used to make... too bad he is getting sucked into crypto lately ...
He keeps buying the dip
and what's wrong with crypto - still love his vids
The guy is a genius businessman. Using people’s desires against them.
As an AMC GME investor I'm interested in these diamond crusted bananas.
save it for cardboard box
floyd mayweather needs to learn this... says he's set for life, but does legacy ruining events to buy a 40th lambo.
okay but even with depreciation factored in he could prob sell all the shit he's bought for 100 million. Sure he wasted 300 million in the process but 100 million is still enough to set you and yours for life if you don't do the same stupid crap twice.
@@immaculatesquid i'd rather have dignity, than possessions. he just looks like a greedy fool, it's not cool.
He’ll box the Paul brothers to make up for thise expenses, lel. He’s fine. His daughter on the other hand… 🤔😬
@Mister mister It can't be bought... has to be earned and it's what you are remembered for after you're gone.
@@aryannahar definitely not a fan. his fights are boring and he openly admits to "robbing" people who pay to watch his fights. He's a pretty trash human... but he did have a good boxing record and legacy. Too bad he's too stupid to realize there are more important things in life than money.
Jake, your storytelling abilities continue to elevate. Keep it up!
But he sometimes uses poor choice of words
Replace "smart" with psychopaths
The amount of drive and knowledge I get from watching your videos is amazing thank you
One producer of luxury jeans once said: « a lady will not wear the same jeans than her maid »
Who is here after him being richest person recently🧐🤔
There is definitely a public rich list and a hidden list.. 🤔 Making this a spectator sport.
Problably not considering hiding money is really hard
Saudis: +1 trillion dollars.
@@lovelyhomeboy2782 exactly.. the persons that built a (the) machine don't exactly come to your home and wind it up for you every day.. The history of money has shown that the individual(s) that built the game, do their best to swop the middle man that is cash/credit (the idea of) for real world assets such as man power.. I feel that the 'rich' described on this public list are in no way richer than the very people that came up with the game(current version) in the first place.. as I said, it is spectators sport.
I'd like to add that.. I'm in no way taking the success away from these individuals. But they are still under the table.
@@lobsterroomcleaningservice5997 The manner in which some individuals gain their wealth is not always news worthy. And sportsmanlike.
@@jonathanrussell594 these are the Rothschild's, they publicly are worth as a family at least 1 trillion but probably much more non public wealth. These are also the Rockefellers and the Morgans and many of the older families.
It's funny how the wolf of cashmere himself is wearing an innovative smartwatch instead of an overpriced luxury watch with shiny rocks
I don't need to pay for subscription to watch ,, billions".
I almost watch the entire seasons in your videos 🤣
Sweatshops have definitely helped him become wealthy
I disagree with you on this one. Many “luxury goods” actually provide more than just the shiny image. Supercars tend to be an achievement of technology and ingenuity, watches (some I may say) are more than just about adding diamonds on top of gold, there’s traditional craftsmanship and innovation in the technology, materials and production behind it. There are arbitrary luxury goods, sure, like a leather purse that really adds nothing and will just disintegrate over time. If you take luxury goods under the scope of “they’re only worth something because people are willing to pay to show them off”, then yes, they’re worthless. But many luxury goods are more than just the bling, and high-value luxury goods like mansions and yachts can be leveraged financially, so they can be a smart way of managing your money. As to whether they are essential to your life, of course not. But that doesn’t make them worthless.
Exactly !!
A lot of hermes purses are actually investments, the limited editions appreciate in value. The birkin has higher returns than the S&P 500
People need to accept that a game is being played in regards to being successful. The average individual is playing at a fairly low level and similar to education, the higher you go, the higher the price. Once you accept that its a game you can determine how much you are willing to pay to play at the level you desire. Once there, you buy the luxury items, not for yourself entirely, but partially for others who value them more than you do. Great video, thank you!
I love that the first half of the video was about the reason why people buy luxury items and services, and then talk about the one of the man capitalized this area of business.
Congrats on 500k!
You are beyond your years in understanding the real world around you. I'm thankful you are showing others the cracks in the system.
I work for a company selling Kiton & Cesare Attolini suits - They start at $5k new. There is absolutely value in a $5k suit. The difference is unbelievable (coming from someone who was not into fashion at all until I started this job)
Congrats on half a million subs man! Been following since the beginning and I’m very proud to see you succeeding! 🎉
The fact that you put Alex becker in this episode tells me that you did your research, well done sir 👏👍🙌.
haha i was like no way beckers in the vid
@@1q3er5 the most woke empty house miliolonaire billionaire
It seems he looked at those products that people with large amounts of "disposable income" don't tend to worry about the prices of. An investor will haggle over the price of real estate, but not over the price of Hennessy at a 5-Star restaurant. They may haggle over the price of a collectable car or a custom yacht, but not over the cost of haute couture for their young arm-candy second wife. Etc.. Interesting strategy.
I was not going to invest in fashion and luxury, but this video gives me that unrefutable reminder that everyone is a sucker for the shiny fancy things, and business will always be booming.
A quick look at the stock shows a steady grow.
Amancio Ortega: "are you ignoring me?"
Viva España
Some points in this video are just incredibly narrow minded. For sure nobody needs luxury goods. But nobody needs travel, art, games or entertainment in general. Most of the people do not need to shower hot. But that doesnt say people dont want it
Also poor people aren’t dumb lol wtf I’m paraphrasing tho
never thought I'd see a becker and jake tran collab, amazing stuff!!! been watching both of you guys for years
Jake keep up the goodwork man, really loving your content
Excellent work as always, Jake! I have no idea how LVMH isn’t being broken up by anti-trust law in Europe and in the US. It’s basically a luxury monopoly.
No, Kering and Richemont are also in the industry and have their shares. Individuals too like Chanel. So they don’t have monopoly even though they’re n*1
General rule of thumb in the premium and luxury market; the more popular the brand, the less value for money.
If I was a millionaire I'd still buy all my clothes from Primark
So they can break every year over and over?
I mean, Primark really is the bottom of the barrel when it comes to quality as well.
@@0xszander0 I've been wearing the same £12 t shirts for 5 years now
@@mudkip90000 Either you're not washing them as frequently as average. Or I don't believe it and you might be lying. Not saying everyone should buy LV suits. But damn, Primark? Everything I got there breaks with normal use, quickly. Never again. Not even talking about the absolute destruction of the environment the way they make clothing.
@@mudkip90000 same
@@0xszander0 As a male, I must wear all my clothes 1000 times before they get binned. It's women, in my experience, that buy a dress for a night out an never wear it again. It's women that buy a new bag and get bored of it after a few weeks and buy a different one. It's women that buy shoes they don't like, put them in a cupboard, and then buy the exact same shoes a few months later
How does one get your attention for a potential job opportunity
I've been trying for quite long ,but won't give up!
Hey Jake ! You should do one about the “Mohn” family and their ties to the Nazis, leading to how they now run the American educational system today ! That would be very very interesting.
Born on third base and thought he hit a home run but he did well with what cards he was delt 👍
I'd say becoming the third richest is still a homerun lol. Multiplying wealth by 100k. That would be like a middle class person reaching 500 million
Yoooo you included Alex Becker! The most woke multi millionaire troll in TH-cam xD
Checked his channel, it's really worth it.
He’s a troll?
I disagree about the Rolex statement… if and when you buy the correct one it’ll surely become an asset just like purchasing stocks in the market… it’s value will grow over time and it’s a measure of time which is indeed the most valuable thing in the world.
I'll never understand how people's comprehension skills are so lacking. U watched the guy talking, he didn't say it was gonna depreciate monetarily he said it wasn't going to be as cool to u in 6 months after u own it, now u need another "luxury" watch. N I'm sure if u own a 50k rollie ur insuring it, so now u have 2 insurance payments on 100k in WATCHES which was what his whole segment was about. Buying all these fancy things sounds good in the beginning but if u don't think about all the added costs that go with them you're gonna be in trouble b4 ya know it. Comprehension
@@joshlewis575 comprehension? How about grammar? Did I do well in that area Professor Lewis? 😏
In my opinion if you become financially abundant and your main focus is in Philanthropy or adding value back to the world then I don’t see anything wrong with having nice material things. That’s the issue though , it’s rare and too many people that think they’re rich have their focus on the wrong thing instead of being a service to the community or country that they reside in.
3:15 i wouldnt call people reasonable who arent rich and buy LV lol
I wouldn't call rich people who buy LV reasonable lol.
Respect to that guy. Objectively impressive what he managed to achieve
Seems like when this guy cries…..
It rains in castamere
I will see myself out
I wish I could invest in your channel right now and get a return when you hit a million subs.
I really enjoy your videos. They're all very well done and informative.
I'm curious why you have footage from Billions in like every single video tho.
7:20 "the things you own, end up owning you"
I used to wait tables and play piano for extremely wealthy people. These are not the smartest humans in the world. Ive seen brighter bulbs in a blackout.
Love to see other Bernards going big things. : )
"keeping up with the Jones" and now you "Aint got a pot to piss in"
😅🤣😂😅🤣😂😅🤣😂 True
also just because you're in a higher position definitely doesn't make you any smarter.
Monkeys attracted to shiny things sums it up
$50 million for a watch, but people still don't got food and water.
you make slaves of of your equals by convincing them they need something you have
"all rich people are smart" lol
Now people think of Hennessey as just jig juice.
Jake tran dropping the ball hard on why people buy luxury goods
Well, I would say that this guy has sparkled the world with glitter with all the lavish things only to attract fools like you & me.
Depending on one stream of income had never made any millionaire and earning check doesn't put you in Forbes
Interesting most people don't understand the market moves and tend to be mislead in facts like this and depend on money in the bank. Very bad idea
I totally agree with that.
The most common mistake i see new investors make is rushing into cryptocurrency without any guidance
@@shawnclarence6483 i agree, but finding a competent for guidance is not easy as it sounds 🤷
If you know any professional please share 🙏
It's very interesting to see that the really wealthy people dont spend a lot of money on these luxury goods.
You didn't get the point, even 6 figure guys used as pawns, everyone is manipulated in luxury. Not everyone but almost everyone.
0:05 I love that I share the same birthday as him, which is also on the same day as Stalin's death
Love the Alex Becker shout-out! He has some great content
You notice there is less talk in infosphere about "mass" and more talk about "premium". That means money pyramid became top-heavy.
Bernard Arnault has been nicknamed The Wolf in Cachemire in the US. But was never ever nicknamed "le loup en Cachemire" in France 😆 .
My only criticism I've ever had from your videos is how abruptly they end. Some closure would be nice, though very difficult to do consistently. it would greatly appreciated to see maybe what's next in the subject or quick recap. Just a thought, loving your work so far.
Shit if I’m gonna work for smart people at least let me work for Jake he’s smart and we all know he’s gonna become the worlds first Trillionare with all this stuff he’s teaching us.
Uh huh
I love your videos so much, but the way you pronounce “Dior” is criminal.
Ooo I love the portion of the Video Featuring Alex Becker's Video! That video flipped my perspective so heavily on the bigger picture of spending. Keep it up Jake, another banger as usual!
Nailed this one.
"That $400k Lambo will not make you happy!"
Ok fair, but what about a $10k S2000 with $100k dumped into it over time?