David, an old saying from the flying world. It's better to be on the ground wishing you were in the air than it is to be in the air wishing you were on the ground.
@@ebythebeach Been flying 35 years, and have lived it many times. I'd be willing to stick my toe in this market but not put all my chips on it. I don't think its sustainable but I've been wrong before. Anyways, I've been into Real Estate for 30 years. I'm not changing my gameplan now.
I have heard Ted before and love his down to earth approach, however I found this to be a stand out interview and really enjoyed his wealth preservation ideas, thank you guys.
I agree 100% with Ted Oakley on making your kids work, even if you're rich. These kids today, most don't even come from wealthy families, and yet they don't intend to be on the payroll until after they get a college degree. They really believe that being a student is a "job". Moreover, they don't even realize how fortunate they are to have nice parents that don't tell them to go out and get a part time job as teenagers, they just feel they are "entitled" to being supported that much. This is a tough world, and when you as a parent don't pass on the necessary knowledge, experience, and discipline to your kids, you put them at an inherent disadvantage. You are supposed to be their parent, not their friend.
Looking at the high inflation period of the 1970's- mid 1980's the big difference is that then much of the U.S. manufacturing base was still intact. Now it is probably 97% gone. Even a large percentage of the U.S. food production has been exported. The central bank is going to run this train right off the tracks and the train keeps picking up speed.
“Knowing your “choking points” is important” Very true. Many of us millennials enjoyed this bull ride and haven’t experienced the big bear. Great wisdom that young and old appreciate👍 Thank you, both of you.
I was in the US ARMY and there was a kid who was going to inherit $12M in 2002. His Grandfather said he must either get a masters degree or join the Army on a 4 year contract to get the money.
David, I listen to many of your interviews and really like your questioning. This was a gem - you were great and Ted was brilliant, so engaging, open and forthright about investing. More of this please. I've said before tell Ted to buy whisky casks for his family....cheers Iain
Ted Oakley said a key thing. We are not only living an historical time during the longest bull market in history (since 2009), the biggest qe's and fiscal easy policies, etc. There also are investors both private and professionals who trade since 10-12 years and have no experience of market crashes. The market has started to be choppy. Usually this mean the sign of a reversal and this is going to be a big lesson for many and it will hurt a lot when the catalyst will appear.
If you have a lump sum of money you can still dollar cost average in whatever market. It may not seem the most effective way of spending money compared to lump sump investment, but you can abuse volatility especially for assets which fluctuate greatly
This man talks some real sense, it was good to listen to his down to earth insights. Its an especially good point he made that when young people get money for nothing from wealthy parents then it can harm them a great deal.
I like the close about making your kids work to appreciate money. I have not given my kid much money since age 11 when I helped get her started with babysitting, followed by lawn cutting, then we did resumes and she got a job at the local diner at age 16. Once she discovered tips we were off to the races.
The better comparison to the 99 bubble is crypto. “A lot of companies that just don’t have any value” sounds a lot like the 14k+ altcoins out there and then of course the mother of them all, Bitcoin itself.
So many "analysts" talking about this and that and most of the time not making any sense. This guy actually does! I agree with him! Too many companies not making money and people are buying like crazy! Too much speculation and huge valuations.
Ted Oakley is spot on about the FED. We're not going to get a less obfuscated look at the markets until they back out. The CASH pump engine is such a large part of the current structure, there's no way to gage value.
Spot on. The dollar itself is the bubble. If value is measured in something of which there is infinite supply, then prices of basically everything will continue to rise. The dollar is NOT a store of value.
I really don’t know why anyone is concerned .... it will be a redux of 2008. It always works until it doesn’t. Just send a notification when it doesn’t.
I remember being at parties in 2007 where people were bragging like crazy and then they lost their houses a couple years later. They mortgaged up their house to the max invested in the market and it all came down at once. Like Warren Buffet said, when the tide goes out you find out who was swimming without a suit.
With Jerome Powell getting the nod we’ll continue to see things as is. The Dems are crippled enough with Biden, with elections on the horizon they don’t need any more headwinds.
All currencies are risky, even crypto has risk because large holders can dump it all at any time and also if internet is disrupted by solar flares or war then it has 0 value. The only things that have value are the real assets like guns, food, land etc. Any currency is just a common belief that can disappear in various situations
I’m loving these old guys with nothing to prove and no filter. They are so damn rich they don’t care about money anymore and they know they don’t have that many decades left. So they are willing to share their knowledge and give us access to experienced voices most of us could never reach. Thank you. As someone trying to learn but afraid of making losses, your knowledge is invaluable and appreciated
I looked at the longer time frames today after yesterday shock dump. Charts on gold look so frail. That a price just looks like it could drop out at any time.
Rich kids, Broke Kids. I totally agreed with him. Kids needs to work a part-time job to know the value of a dollar. Not only the value of money but also responsibility, working with peers, etc.
If I can yolo on put option , which stock or etf would you be buying? I sold all my stocks and have cash on hand it seems I sold them bit too early but no regrets because I do believe anything is overvalued now.
Well done David. Ted.....BRILLIANT.....I've been around for a few cycles now, and can see that the less than 12yr investors are going to hurt....and BAD!
Very good video. Lots of good information to be learned. Thanks David and a big thanks to Mr. Ted Oakley for sharing your valuable knowledge on the volatility and frailty of the stock market and that one should always have some free funds to avail of in the event an opportunity presents itself in the equity market.
I moved the bulk of my funds to securities while making monthly investment into the market, putting little money at risk.. until the correction occurs .. hence the money out of the market will be used for opportunity but when this thing corrects… and it will
GRaB was highly valued by wall st but we all know it’s not worth that much. Plenty of competition and most people are complaining GRab prices been going up vs new rivals . Is that why their ipo listing been delayed ?
19:09 Feel bad for those people. They had no idea the Fed would jump in and do this unprecedented superman move. It wasn't fair. They were acting prudently and were punished for it. And for the next 20 months, those who were reckless were rewarded If it weren;t for the Fed controlling markets we would be even lower than March 2020 today
![ทางเดินชีวิต - ธีเดช ทองอภิชาติ x อ.ไข่ มาลีฮวนน่า [Official MV]](http://i.ytimg.com/vi/1f3wcG16dd4/mqdefault.jpg)
David, an old saying from the flying world. It's better to be on the ground wishing you were in the air than it is to be in the air wishing you were on the ground.
At least flying is under your own control, even if the machine doesn't agree.
@@meMiner For as long as you have it
As a pilot.... Agreed
@@ebythebeach Been flying 35 years, and have lived it many times. I'd be willing to stick my toe in this market but not put all my chips on it. I don't think its sustainable but I've been wrong before. Anyways, I've been into Real Estate for 30 years. I'm not changing my gameplan now.
Lol 👍
I love Kitco News - they bring out the most level headed people for interviews AND some contrarians to spice things up. This is NEWS!
I have heard Ted before and love his down to earth approach, however I found this to be a stand out interview and really enjoyed his wealth preservation ideas, thank you guys.
"
Another great and informative interview.....you both did a great job....so informative and really nice to listen to....
I absolutely agree, a pleasure to listen to.
lol
My first reaction was: “here’s another guy talking his book,” but I really liked this interview. So much down-to-earth wisdom! 👍🏻
Such a cold headed man, no unnecessary emotions, you can feel his experience and all the bubbles he came through, FOMO is not about him
He is for a child labor though,.
This was probably the best interview yet. Excellent timing too. Many thanks.
One of the best guests I've heard in a long time. Smart and articulate.
I agree 100% with Ted Oakley on making your kids work, even if you're rich. These kids today, most don't even come from wealthy families, and yet they don't intend to be on the payroll until after they get a college degree. They really believe that being a student is a "job". Moreover, they don't even realize how fortunate they are to have nice parents that don't tell them to go out and get a part time job as teenagers, they just feel they are "entitled" to being supported that much. This is a tough world, and when you as a parent don't pass on the necessary knowledge, experience, and discipline to your kids, you put them at an inherent disadvantage. You are supposed to be their parent, not their friend.
Partly agree with you as a 21 year old student 👍
Looking at the high inflation period of the 1970's- mid 1980's the big difference is that then much of the U.S. manufacturing base was still intact. Now it is probably 97% gone. Even a large percentage of the U.S. food production has been exported. The central bank is going to run this train right off the tracks and the train keeps picking up speed.
Great interview. These old guys have been around along time to understand money & life
Rude to call old guys !!! Gentlemen.
David, your interviewing just gets better and better and better. Great interview. One of your best ever and I have seen multiple dozens of your work.
Really enjoyed listening to this gentleman. I think his outlook goes for miles. I'm no investor, but his thoughts are right their in my mind.
these interviews are more interesting and fruitful than the ones you bring on predicting GOLD price or speculative stocks.
People will call him a boomer because he doesn't buy companies with no revenue.
Make your children know the true value of money - Best advice ever!!! :)))))
Too bad many of our elected officials don't think so!
Agreed
You can tell he’s a capitalist because he believes in child labor as young as 11. Sickening.
@@fmccloud Disgusting. Next he'll be teaching his kids about personal responsibility and standing on their own feet.
“Knowing your “choking points” is important” Very true. Many of us millennials enjoyed this bull ride and haven’t experienced the big bear. Great wisdom that young and old appreciate👍 Thank you, both of you.
Smart jumps the train early
@@chundrugopalakrishnachowda4228 Exactly.
Great interview. This man is a trustworthy, experienced, confidence inspiring advisor.
Great to hear the words of wisdom from these old dudes
Experts in the way things used to be.....
I was in the US ARMY and there was a kid who was going to inherit $12M in 2002. His Grandfather said he must either get a masters degree or join the Army on a 4 year contract to get the money.
David, I listen to many of your interviews and really like your questioning. This was a gem - you were great and Ted was brilliant, so engaging, open and forthright about investing. More of this please. I've said before tell Ted to buy whisky casks for his family....cheers Iain
Ted Oakley said a key thing. We are not only living an historical time during the longest bull market in history (since 2009), the biggest qe's and fiscal easy policies, etc. There also are investors both private and professionals who trade since 10-12 years and have no experience of market crashes. The market has started to be choppy. Usually this mean the sign of a reversal and this is going to be a big lesson for many and it will hurt a lot when the catalyst will appear.
Yes, many will cry when the market crashes. Especially cryptos!
@@tmo4330
It’s started .
If you have a lump sum of money you can still dollar cost average in whatever market. It may not seem the most effective way of spending money compared to lump sump investment, but you can abuse volatility especially for assets which fluctuate greatly
This guy was full of good financial sense. Nice interview!
This man talks some real sense, it was good to listen to his down to earth insights. Its an especially good point he made that when young people get money for nothing from wealthy parents then it can harm them a great deal.
he says one thing an dose another and puts your money at risk
Really liked the guest I banked some knowledge.
Ted was super knowledgeable
I like the close about making your kids work to appreciate money. I have not given my kid much money since age 11 when I helped get her started with babysitting, followed by lawn cutting, then we did resumes and she got a job at the local diner at age 16. Once she discovered tips we were off to the races.
The better comparison to the 99 bubble is crypto. “A lot of companies that just don’t have any value” sounds a lot like the 14k+ altcoins out there and then of course the mother of them all, Bitcoin itself.
Once again, both are super sympathetic here. Despite the age difference, a great conversation.
Thank you
So many "analysts" talking about this and that and most of the time not making any sense. This guy actually does! I agree with him! Too many companies not making money and people are buying like crazy! Too much speculation and huge valuations.
kitco is tapping into something here.. smart, direct, fact-based and compelling commentary - please create an entire media network
Ted Oakley is spot on about the FED. We're not going to get a less obfuscated look at the markets until they back out. The CASH pump engine is such a large part of the current structure, there's no way to gage value.
Well said.
Spot on. The dollar itself is the bubble. If value is measured in something of which there is infinite supply, then prices of basically everything will continue to rise. The dollar is NOT a store of value.
Been waiting patiently with cash in hand ‼️
I try to have 20-25% cash. If I put it in it will be for a short swing. If it doesn’t go my way I take it out and wait for another opportunity.
Ted is one of your best guests who is really down to earth.
The pain of the loss is greater than the pleasure of the gain….
That really says it all doesn't it.
Really a good interview! Thank You, David! Ted is a good man. We love him!
"The markets have never reached levels like they have today"- Brilliant comment!
Well, that's common sense. Do you expect the markets to be the same as in 1999?
I really don’t know why anyone is concerned .... it will be a redux of 2008. It always works until it doesn’t. Just send a notification when it doesn’t.
I remember being at parties in 2007 where people were bragging like crazy and then they lost their houses a couple years later. They mortgaged up their house to the max invested in the market and it all came down at once. Like Warren Buffet said, when the tide goes out you find out who was swimming without a suit.
With Jerome Powell getting the nod we’ll continue to see things as is. The Dems are crippled enough with Biden, with elections on the horizon they don’t need any more headwinds.
That is great advice for parents with money. Force your kids to work at least. Learn money as a life skill
I always find ted very rational .
I like him .
Perfect advice for crypto investors. 🙏
CRYPTO WORTH NOTHING? YOLO BABY!
Just keep in mind that ultimately when shtf crypto won't have value if internet is disrupted
Great Interview. Great guest.. I loved the part about getting children to learn the value of money..
Ted Oakley and David are great! A super video.
Ultra smart question @ 17:00 - David top of his game.
Fantastic interview. Thank you.
The highest risk is David's haircut
😅🤣😂 Dave's great IMO.
So much wisdom! Great interview.
Fiat currencies are the greatest risk.
All currencies are risky, even crypto has risk because large holders can dump it all at any time and also if internet is disrupted by solar flares or war then it has 0 value. The only things that have value are the real assets like guns, food, land etc. Any currency is just a common belief that can disappear in various situations
I’m loving these old guys with nothing to prove and no filter.
They are so damn rich they don’t care about money anymore and they know they don’t have that many decades left. So they are willing to share their knowledge and give us access to experienced voices most of us could never reach.
Thank you. As someone trying to learn but afraid of making losses, your knowledge is invaluable and appreciated
I would leave Physical gold to my next generation… has stood the test of time over 5,000 years !!!
I bet Ted wanted to say Gold too but be didn't. No rich guy is 100% honest.
Why not leave them something that might actually beat inflation ?
Excellent interview. Really like Ted’s viewpoints. So much wisdom due to his years of experience.
Two years to crash ? More like two months. Market crash is on the horizon.
Same. I think 2022 will be the year. Keeping cash on the side to take a dive into silver and gold
The best interview ever with Ted Oarkley!!!♥️♥️♥️
Smart guest, great advice! 👍🏼
Great questions as always David
David's questions are always on point!!
" at some point " the markets will crash. Very helpful advice.
If a weather report said “some day it will rain” you’d think they were clueless.
It already happened to many. They went way up and tanked 50-70%. Back below pre pandemic.
David, thanks for having Ted on, advise sound and thought provoking.
Please make an interview with the CARTESI CEO about the future technology they'll be able to provide in the blockchain future develpement environment.
Really liked Ted Oakley a lot -- very practical, very good communicator. Thank you Ted and David.
I looked at the longer time frames today after yesterday shock dump. Charts on gold look so frail. That a price just looks like it could drop out at any time.
Thank you for a great Interview.
The abstracts behind him make him look godly.. painting, wall, lighting specifically, etc...
He is the best host ever. Great job!
Rich kids, Broke Kids.
I totally agreed with him. Kids needs to work a part-time job to know the value of a dollar.
Not only the value of money but also responsibility, working with peers, etc.
This is one of the best guests I’ve ever seen. Thank you.
If I can yolo on put option , which stock or etf would you be buying? I sold all my stocks and have cash on hand it seems I sold them bit too early but no regrets because I do believe anything is overvalued now.
Sqqq
Well done David. Ted.....BRILLIANT.....I've been around for a few cycles now, and can see that the less than 12yr investors are going to hurt....and BAD!
Did the market already crashed. Most of the stocks are down 50-75%, with the exception of the Faang stocks holding up the index.
Yes
I think theres a correction happening now as companies fail to beat covid estimates. Expect more downtrend into Q1 and Q2 2022.
Very good video. Lots of good information to be learned. Thanks David and a big thanks to Mr. Ted Oakley for sharing your valuable knowledge on the volatility and frailty of the stock market and that one should always have some free funds to avail of in the event an opportunity presents itself in the equity market.
Very impressive interviewer. Intelligence and humility. Good job young man. I’ve subscribed and look forward to watching more of your interviews.
This channel is FIRE 🔥. David you are Legit.
Great wisdom
..the major stockholders/shareholders, are cashing out right now... black friday, is going to be a TRAINWRECK
To the point lots of nuggets of wealth much appreciated
Ted. THE LOOK IS GOOD.
I LIKE THE TIE
YOU LOOK SHARP.. SMART LEADER
I moved the bulk of my funds to securities while making monthly investment into the market, putting little money at risk.. until the correction occurs .. hence the money out of the market will be used for opportunity but when this thing corrects… and it will
Common sense, learnings from the past, fundamentals…. he is RIGHT ON! It's time for corrections….
Real video very David s Tedem.
FIRE SALE ON THE WAY
🔥 🔥🔥🔥🔥🔥🔥🔥🔥
Gonna buy everything for pennies on the dollar.
Fantastic journalism. Kitco my #1 go-to for information
I have been seeing inflation since I was born. How did the market evolve up to now?
Great discussion,,,thank you. Very well thought out on the back n forth.
Great interview! One of the best I've seen ever.
everybody is clueless, helpless and desperate.
GRaB was highly valued by wall st but we all know it’s not worth that much. Plenty of competition and most people are complaining GRab prices been going up vs new rivals . Is that why their ipo listing been delayed ?
People who buy homes right now are nuts 🥜
Everything is overpriced.
19:09 Feel bad for those people. They had no idea the Fed would jump in and do this unprecedented superman move. It wasn't fair. They were acting prudently and were punished for it. And for the next 20 months, those who were reckless were rewarded
If it weren;t for the Fed controlling markets we would be even lower than March 2020 today
Agreed
Great interview David! Would really enjoy listening to him again. 🙂
fascinating conversation; loved it. thanks.
Definitely missing out on gains this year. Rather sleep at night.
This interview is why I am a subscriber.
Great interview. Thank you.
Valuable interview with lots of wisdom and market insight.
Excellent help Ted. Great inside to current and future market!!!