Some Americans are so distracted by consumerism and scratching for a living, they are constantly kept unaware of what's going on behind closed doors. Thanks Professor and the Harvard law team for your information.
Some? 😂 (Most is more accurate.) And this is surely by design-how else can financial scams keep succeeding? You have to have a large pool of money to work with (great swaths of people to fleece).
Most people are clueless about classes and how anything in our world functions. They think they’re temporarily embarrassed millionaires while the capital class has been hoarding more and more money in an economic system that has finite growth.
im a physician. my group was recently replaced by a PE back corporate medical group. care has significantly suffered and id 4x more expensive for patients.
Happens to every industry they touch. I’ve repped doctors, vets, construction suppliers, dentists-you name it-in these deals, and PE ruins every business it operates. We need more independent small businesses, but they’re all drying bc the banks no longer extend them operating capital like they used to 40 years ago. The financial sector of this country has become a leech on 99% of us for the benefit of fewer and fewer people.
When Barack Obama was running on universal healthcare I only heard silence from America's medical practitioners. Likewise when Bernie Sanders was running.
Not just the financial sector. Many of the top Michelin restaurants in the USA have been sold to large corporate entities that oversee the employment and payment of chefs, which has led to thousands of chefs leaving the industry because of lack of respect, and lack of pay. More and more restaurants are being taken by massive corporate entities such as Eurest or restaurant associates. Monopoly everywhere.
Same situation with breweries in Europe, especially Germany. Meanwhile, there are a couple of big players who own many of the smaller brands. The result is that many beers have the exact same taste - because it is the same beer, just with another label on the bottle :-(
@@ChiCityLady exactly. The bureaucracy of it all is the real killer, needing to order from pre approved suppliers, which also means, zero local food, no local farms or local fisheries because they “aren’t consistent enough”, along with the fact that like, myself, I’m a chef with 15 years experience, and my current salary is so pathetic, literally a slave wage compared to what I should be making, but there’s no where I can go without leaving the country, because all the “best” restaurants in the country are now owned by the same people
@@ashleyy6329have you given any thought to starting your own restaurant? If yes, what went into your decision not to? I am not suggesting you should do this because restaurants are a risky business. I am just curious about what obstacles chefs encounter going from Chef to owner.
@@sco0tpa money. opening a restaurant today takes an immense amount of upfront money. the kitchen equipment for a small restaurant that seats maybe 80 people, that kitchen alone could easily cost $500,000. And that's just the kitchen, that doesn't take into account the tables, the bar, the chairs, the plates, glasses, cleaning chemicals, food cost, insurance, not to mention the money needed to pay your staff the first year while you personally make zero profit. I currently work for a new restaurant. seats 480 people at max capacity. its a big place, but many corporate restaurants like fogo de chao, or Morton's have been known to hit those niumbers too. the startup cost to launch the restaurant i work for was 15 Million..... just to open. that doesn't account for anything of the other costs after opening first day and onward... The most a chef makes in most restaurants in the US, for an Executive chef, is 50,000 - 70,000, before tax, and personal expenses.... Chefs in the US are not given the respect or pay they deserve, in order for them to leave corporate jobs to open anything that could genuinely be amazing... Even when they do get out and they do open a business, they have to charge more on menu prices than their corporate neighbors because they don't have millions in the bank to subsidize food cost. So the public complains "why is my burger so expensive, i can get it cheaper at applebees" ... Well your applebees burger was made in a warehouse and shipped frozen over thousands of miles. vs the freshly ground burger, from a local supplier, slaughtered last week. No one wants to pay for actually fresh food anymore.
Private equity is also buying up MASSIVE plots of land and subsequently their ecosystem services, resources and inhabitants… it’s getting scary out here
He’s being more than generous regarding public interest in disclosure. If the public is impacted, and firms, indirectly or directly, raise funds from public money, firms need to be fully accountable and transparent for the effects this has on the public - not possibly, maybe more, or they could, and not kinda. They don’t get to live in a bubble just because they feel like it. They know it doesn’t work this way just as well as anyone else does. I appreciate his message and the information presented, and perhaps he’s using a good dose of diplomacy to get the message out. I’m not quite so diplomatic, since that hasn’t served well up to this point, has it? Give an inch and psychopaths take, well, the whole earth.
@@zeddybear257 Yes, I was slightly irritated by his approach to the topic as well; this type of 'blatant objectivity' to the point of neutrality is certainly a choice many journalists adhere to (many to their detriment), but as a professor (him, not me), I was hoping for a staunch perspective, and was somewhat disappointed. Is he perhaps running for office? Or maybe Harvard fires people easily for holding views incongruent with their wealthy stakeholders. As our culture leans towards authoritarianism, no one's job is safe.
“I think capitalism depends on some level of transparency of how it’s functioning. And not just the bottom line, or unemployment numbers. But HOW capitalism functions, how workers are being treated, how consumers are being treated, and all of that depends on disclosure. And Private Equity is still not engaging.” 👏👏👏 As someone who is currently a broke teacher who’s credit card got declined trying to buy a late night Gyro last night, and who has family that are recent Harvard Business graduate themselves, who do very very well. The stories I hear from behind the scenes are staggering. What goes on in the high level business world is kept hush hush to the public because if teachers really found out how their pension money was used, or the lavish lives its funding, and how businesses gut hospitals, schools, housing, and local business for profit, they’re would be riots. French Revolution riots of the public really had a peak behind the curtain. And they know that; and they want to keep their privileged lifestyles, so they lobby and make sure that it stays hush hush and hard to track.
His take on effects of private equity on healthcare organizations is spot on. There is a glaring difference between working in healthcare with a nonprofit organization and an organization bought by private equity. In the latter, profit becomes the primary goal. You see push for physicians to see more patients, minimal staffing and other changes.
These are exactly the points that I've been most concerned about (especially in first 6-8-10 min. of discussion), and have tried to explain to people over the past few years. ...The trendlines are pretty staggering for concentration and effects. But, here presented the best and most articulately. Very well-done. We really need this kind of content. The more effectively we can open-up these topics for more thoughtful discourse, the better we'll be able to arrive at guidance, regulation, or policy objectives -- both for the financial industry and society as a whole.
The time for these topics was when wall street was celebrating these same techniques in the 70s and 80s instead of calling everyone who opposed them "communists" for saying the perpetrators were heartless. It's always the same conversations no matter what the catchphrase has been about prioritizing profits over the well-being of the public or workers retirements, but now that executives and managers are losing power it's an issue lol.
Companies that provide basic needs like food, medical care, and housing should not be allowed to be bought up by private equity firms that only exist by increasing profits. Why do you think we have a housing crisis in the US? Private equity is buying whole neighborhoods, condos, and apartments, and turning them into short-term vacation rentals or sitting on them keeping them vacant as they drive up rent and purchase prices. There are entire condo complexes in Denver and Seattle that are owned by private equity firms and every unit is a vacation rental or vacant.
Private equity rarely has a long view . I love how he discusses things in a “maybe they will…” way . I think the results are in as to what private equity ‘s impact and behavior has been and will be in the future
“…They’ll get it. They’ll get it all from you, sooner or later, 'cause they own this f***ing place. It's a big club, and you ain’t in it. You and I are not in the big club…” -George Carlin
What an utterly worthless and irrelevant comment, and what's worse is that you and those upvoting you think it's the opposite and that it's clever, cutting, and insightful - it is the opposite of those three things. You quoted a stand-up comic on a video about private equity, of which you almost certainly didn't even watch. Well done. Brilliant.
They think they are the club. They can have their club. They will get down on their knees to polish that club. It’s happened before. While we live in tall grass and pines and simplicity.
I didn’t go to Harvard and I can see what is happening. Fewer have more and working people are getting hammered. It’s not sustainable. Greed is not good
And, until the deregulated capital in finance is again regulated, including insurance, implodes completely, maximum civilization pain, we will not be able to stop fake finance from owning this nation. They had to make it all fraud to maintain financial status. Just like all the wars, aging decrepit empires will sacrifice citizens to maintain power.
The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses. Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.
There are many opportunities to make fantastic profits, especially in this depressed market, but such complex transactions can only be carried out by seasoned market professionals.
wholeheartedly concur, which is why I like giving an investing coach responsibility for making everyday decisions. Given their specialized knowledge and study, as well as the fact that every one of their skills is aimed on leveraging risk for its asymmetrical potential and limiting it as a buffer against certain unfavorable turns, it is practically impossible for them to underperform. Over the course of more than two years, I've worked with an investment coach and earned over a million dollars.
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@ZhangWeiMenacingyeah, how dare the workers band together to fight for better wages and improved working conditions! Keep licking those boots, maybe one of the CEOs will decide to keep you in their mansion like a pet
@@brennanpilcher4374rent seeking wanting more wages without actually creating wealth but being against innovation instead is what the other guy probably meant, which are no different than the so called CEOs and Shareholders
Black Rock used to be called halliburton which was a Black ops for the CIA and FBI. It currently buys up every single available family home and rents it out for three times what it should be renting for. They're also involved in doing anything else that's sketchy that's harming the environment or the people that occupy it. Yet it's been given this legitimacy of making it on the stock exchange. Pretty sickening when you learn about the history of the CIA in the 80's with Freeway Ric importing all the crack cocaine into particularly black neighborhoods and watching it roll out to everyone else. Yes, we should definitely be keeping an eye on private equity.
John, thanks for the nuts and bolts explanation of these financial markets. So the long and short is companies are accumulating more and more concentrated wealth and political power without oversight. What's their end game, to maximize their return and eventually own everything? This all comes at the elimination of competition, cutting worker wages and pensions, and entities that expect taxpayers to bail them out when they wreck the financial system. Sounds like corporate welfare to me at the expense of everyone else. Just because they've eliminated laws that prevent them from do something doesn't mean it's morally right for them to do it. People who exhibit antisocial behaviors, including manipulation, deceit, aggression, and a lack of empathy for others are commonly known as sociopaths.
This is incredibly important information, it relates to 20% of the economy, if not more, including pension funds of public servants. The lack of transparency of a private entity funded by the public is inherently problematic.
Corporations failing to innovate and just appease short term profits for Stockholders. They tell lies to the public and so do the politicians in their pockets. It's a disaster.
@@sonyjoseph5426 Not sure why you need to empower any of your words by such. Please enlighten me, what is so new about private equity in this talk besides the nearly centralized distribution of even fewer key players since writing of NT ?
@@sonyjoseph5426If anything it shows that he has done even more research on this topic rather than "watching squirrels" by drawing a connection to a book he read...
CPA firms are increasingly owned by private equity. If you wonder why your audit and tax preparation bill is so high, ask about the firms' ownership structure. The partners no longer have the final say in pricing. These firms are under tremendous pressure to take over your accounting so they can get recurring revenue, and to charge higher prices for taxes and audit. On the expense side, they cut costs by offshoring all of these services. Yes, your taxes are being prepared by someone in the Philippines or India making $25 an hour. A good portion of your audits are the same. And yes, your accounting team is overseas with your only accounting contact that you are aware of located in the USA. And yes they still charge you USA rates per hour and don't disclose where your financial services are being outsourced to. Of course not all firms are like this but increasingly, many are owned by PE and to compete, many firms follow this model.
All you have to do is look at the S&P 500 to see that concentration. Those top 7 stocks (Mag 7) make up over 30% of the exchange valued at over $ 15 trillion.
The "dark nature" of private equity feels a lot like the credit default swaps of our last financial disaster. We have so much information about every market and commodity on a minute by minute basis, the financial world feels transparent. But there are still pockets of invisibility and private equity is one of those. They've become another derivative. And that's fine as long as everything is humming along normally. But if we hit another bump in the road like 2008, it will be Lehman Brothers and Bear Stearns all over again. Only this time, they'll take pension funds down with them.
🤫 Sounds like there is approximately 30% of the economy controlled one way or another by the top 1% who operate in total silence due to concentration of ownership 📝
All the healthcare points already exist with private ownership/provision just to a slightly lesser degree. That is why it is so hard to tell if private healthcare is better or not than public (and jails etc), and why US health outcomes are the same or worse despite the (much) greater cost
It is subjective, but half way through the video, the same repetitive "empty of culture" music came back, and I thought, I can decide to quit because of this, and I did.
Why is there a double standard in legal obligations for transparency? SEC rules might be overburdening but why do they even exist at all if private equity just gets a waiver? All I can say is the companies with something to hide are not on my investment radar anyway.
I’ve found that if I’m doing something different from “people,” I’m usually on the right path. “People” are idiots. (Applies to both people in bars and people in the investment markets.)
It’s important for people to be financially literate and manage their money conservatively. Unless you are unfortunate enough to be struck down by health issues, most Americans should be able to make ends meet and save for their future. Key is to focus on your own true needs and not “try to keep up with the Jones’s”. There is a huge difference between needs and wants. So much of what people waste money on are truly not needed. If you are lucky to be wealthy, sure, splurge. Otherwise, live within your means and your life will be secure and equally satisfying. Stop comparing yourself with everyone else. Envy only makes you miserable. And you do not see the troubles that others have despite (or because of) their wealth. No free lunch.
Heres one problem with that: medicine is being run like a business--whenever you go see a doctor now, they're pushing all kinds of MRIs and other costly tests costing thousands because that's the PE mandate for profession now. With most Americans carrying a $2.5-$5k deductible per year, we're piling on medical debt year in and year out. I jumped off the merry go round and just started saying 'no' to my doctor and these tests that are basically helping to pay for all this new technology. She's very wise and she understood. Some people are not so lucky.
@ I understand. I have seen it myself. I am a retired cardiologist. When you practice medicine by treating your patients as you want your own family members to be treated … your pocketbook will take a significant hit. But you will like yourself better when you look at yourself in the mirror in the morning. But, even if they are not looking at the bottom line … just practicing “defensive medicine” can get expensive. No one wants to get sued. And if the whole community is ordering those tests (and you are held to the “community standard”), it can get difficult. I would “discuss” specific tests that are available and then explain why I don’t recommend doing them at this time. Definitely takes more time “not to order a test” than to just send them. But I have a clear conscience and after 26 years, I had enough. Time to move on to something else.
He said two words that should be at the heart of every business regulation: accountability and transparency. When these are gone or only given lip service, you get what we have today.
Moral of the story: we need accountability in finance, private or otherwise. Also sucks that if any of the fat cats blow it, tax payers gotta foot the bill
It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@derrickholfman2 I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Scary. The current debt structure, from personal debt, mortgages, credit card debt etc, versus average savings is bad. If there is a downturn and people are unemployed bank debt, is connected to insurance companies. If people default on mortgages, credit card debt, and the continuing insurance claims are rising, liquidity is then shrinking in the market place. So in 1929, the debt to wages to higher taxation of the poor, suppressed wages against inflation, easy credit, connection of banks to insurance companies, spread the market crash into the economy. Now its all linked again. They separated things to stop another crash, but... the liquidity crisis we see, is causing serious economic issues . Wages are too low. Workers are borrowing to pay for groceries, pay check to pay check. Bad.
Indeed Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
You need to get a financial planner or expert on investments to aid guide anddiversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Shannon Saccocia, Chief Investment Officer at SVB Private, recommends that investors refrain from making big changes to their portfolios without consulting a financial planner and try to stick with their long-term financial plan.
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I have “Rebecca Nassar Dunne’” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making. Them less vulnerable to market downturns. She may be a name you are already familiar with from Newsweek.
We should create a financial instrument called "Private Equity-Backed Securities" to bet on the perceived value of each company that's bought and traded. Maybe layer them into tranches!
It’s little things that add up-like always focusing on immediate expenses rather than building up any real savings or investment. Sometimes, people think just because they’re covering their monthly bills, they’re doing okay, but that doesn’t mean they’re building any real security
I'm a visual designer; i think what's needed to create tipping point momentum is to meet the public where they are. In other words, put this financial content along with all the other election platform info that got zero media coverage: BRICS/petrodollar, history of paleoconservatism nonsense (Pat Buchananism), historical effects of isolationism & tariffs (Plaza Accord), into easily digestible animated segments on TikTok and you tube shorts.... Anyone want to write a few concise, 30 sec. scripts? EDIT: btw, the shorts should be funny, with a link to more info...more flies with honey, and all that 😁
@@theonlycaulfieldIncumbents want thst by design = ALL of Trad-Fi wrapped into ETF's. While DeFi & DLT will be the new rails/silo everything will flow threw for much faster returns
@@theonlycaulfieldThere is so much concentration in these indexes with thousands of companies! They used to be much more diverse in a few hundred companies.😂
@@Ferdinand208 Nope, you've misinterpreted the video and my comment. It is not that index funds are concentrated in a select few stocks, but that the ownership of the stock market is concentrated in the index funds, to an extent upwards to 30% of the entire market. The index fund concentration is great enough that it has changed the way the market moves. I now realize the parent comment also misinterpreted the video given your comment.
@@Jalyemengesha Also, to add to my other comments, and to respond to "it has always been concentrated", the market concentration in the top 10 stocks is in the 98th percentile of the historical concentration, so no, the market has not historically been as concentrated in a select few stocks as it is now.
As an American, your (general public) enjoyment of freedom should lead to a knowledge of the landscape of WORLDVIEWS. Often, the elites who run an Index Fund share some particular worldview. The public is entitled to know and understand that worldview.
I don't go to any medical doctor who is part of a practice, clinic, or hospital owned by private equity. I use micro practices owned by one or a small group of doctors and pay out of pocket. Every time I went to a private equity medical facility, I was told to get unnecessary tests, go to another doctor for more specialized care, or encouraged to have a very expensive (unnecessary) procedure, including surgery. NOPE. Not anymore.
lol. no. Trump getting re-elected is a sign of rejection of that perceived control. What they aren't aware of is that Trump is part of that system too.
I dont even think Trump is the problem, he’s just a symptom of the problem Both major political parties are owned by those with all the money, by those that own private equity firms. And as a result neither side is actually going to do anything about the wealth gap or even lack of transparency because their funding comes from the corporations funneling the wealth out of the working class
Thanks very interesting. Are there private equity funds being created outside of the traditional elites and billionaire class, formed by women and diverse individuals? Do you discuss this in your book. Particularly my firm is starting a private investment fund.
I have never really thought about my pension fund, especially with the insight that it is apparently making life worse for me while I am not retired. We should be able to have a stake in how these funds are invested. I really appreciate this information!
You can say it is the American equivalent to the House of Lords in the UK which now the UK is in discussion of getting rid of that institution. That’s what happens when powerful people get together and make moves. The moves they make benefit them. That doesn’t mean it benefits everyone.
What i see as a HUGE threat is the movement of these private firms into the private housing market. Where they typically buy up all of the available housing (via 3rd parties) to create an artificial scarcity within a local market. While at the same time taking steps to make it more difficult (expensive) to build new units for private owners. The effect here is that those looking for a home are cut off from the market by forces that exist only to drive up the prices. Meanwhile the same firms buildup lux-apartments that they can then rent out well beyond what the market can support, causing the local economy to stagnate. This creates short-falls public services that depended on those houses being occupied to generate the needed tax revenues. Everything from roads, schools, emergency services, to healthcare takes a huge hit.
Won't index funds face dilution eventually? I think a very rich individual who buys up say 10% of outstanding shares of a company will have to contend with dilution
I appreciated his insights but was a bit surprised by how minimal his recommendations were. I agree that disclosures are an important step, but am concerned that regular folks don't have the time to follow everything, and even if we know they're planning to do something we don't like, how can we change it? Vanguard has my money but I have no vote, and they won't listen to a phone call from one person. If public influence only happens with a big public outcry, most things won't change.
No, we're pretty damn well aware. We're also aware there is almost nothing that can be done about it, it has become enmeshed with the entire social and financial landscape, no politicians who could make a meaningful difference stand a chance, and rent is due soon. We're very aware, and aware that awareness means nothing.
US markets were getting smarter and smarter but now suffers from the same national problem. The solution in a democracy is voting by educated well informed populace, whether government employees or corporate officers
Most Americans aren't aware of any financial situations. Too many live paycheck to paycheck and have no idea by investing in simple programs can help them later. Many don't have a 3 month reserve of cash! Most Americans.
Now that passive investment has overtaken active, the pace of this concentration will quicken. Also, there will likely be fewer recessions and much larger gains in equities than we’ve come to expect from etfs.
@@unktheunk1428when passive investing was not so prevalent, active managers would mostly all collectively “sell off” during a recession, or at least during a market downturn. with this amount of passive investing, even during those times when the market would normally go down, passive funds will still buy in. since they are such a large percentage of stock traded and owned, there are not market downturns like there used to be because there is always some upward pressure on price from constant buying.
so maybe there would not be less recessions for the economy because unemployment can still go up, but instead less market downturns for the stock market
@unktheunk1428 buy/hold means no one is selling aside from day traders (which is surprisingly a high percentage so I'd still think there will be some steep swings)
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
absolutely cannot have this level of wealth concentration, and not have huge societal problems that will end in revolution at some point. no time in history has that not happened.
The scary is enlarging las vegas where twister is source money and not jobs? The questions is definition of human and robotics got blurry and one key stroke could ultimately end 99% of all
I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 20% of my $75k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that can be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Many people minimise the role of advisors until their own feelings get enraged. When I needed a boost to keep my firm viable years ago, I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing to over $550,000 despite inflation.
My CFA is Karen Marie Gendron, a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
I know that a lot of the closures of small regional hospitals in Texas were done because Private Equity were purchasing these hospitals and closing the non-profitable hospitals and raising prices and cutting services in the profitable hospitals.
Some Americans are so distracted by consumerism and scratching for a living, they are constantly kept unaware of what's going on behind closed doors. Thanks Professor and the Harvard law team for your information.
Some? 😂
(Most is more accurate.)
And this is surely by design-how else can financial scams keep succeeding? You have to have a large pool of money to work with (great swaths of people to fleece).
Most people are clueless about classes and how anything in our world functions. They think they’re temporarily embarrassed millionaires while the capital class has been hoarding more and more money in an economic system that has finite growth.
“Education” system pumps out perfect consumer serfs
im a physician. my group was recently replaced by a PE back corporate medical group. care has significantly suffered and id 4x more expensive for patients.
Happens to every industry they touch. I’ve repped doctors, vets, construction suppliers, dentists-you name it-in these deals, and PE ruins every business it operates. We need more independent small businesses, but they’re all drying bc the banks no longer extend them operating capital like they used to 40 years ago. The financial sector of this country has become a leech on 99% of us for the benefit of fewer and fewer people.
+1
Just search how private equity is ruining America on here and it’s all there
The trump administration is basically a private equity firm. Here comes the collapse.
When Barack Obama was running on universal healthcare I only heard silence from America's medical practitioners. Likewise when Bernie Sanders was running.
@@UnlessRoundIsFunnyuntil finally it will only be Musk and Bezos
Not just the financial sector. Many of the top Michelin restaurants in the USA have been sold to large corporate entities that oversee the employment and payment of chefs, which has led to thousands of chefs leaving the industry because of lack of respect, and lack of pay. More and more restaurants are being taken by massive corporate entities such as Eurest or restaurant associates. Monopoly everywhere.
This must be why so many restaurants are terrible now. Just too many corners cut and too understaffed to be enjoyable.
Same situation with breweries in Europe, especially Germany. Meanwhile, there are a couple of big players who own many of the smaller brands. The result is that many beers have the exact same taste - because it is the same beer, just with another label on the bottle :-(
@@ChiCityLady exactly. The bureaucracy of it all is the real killer, needing to order from pre approved suppliers, which also means, zero local food, no local farms or local fisheries because they “aren’t consistent enough”, along with the fact that like, myself, I’m a chef with 15 years experience, and my current salary is so pathetic, literally a slave wage compared to what I should be making, but there’s no where I can go without leaving the country, because all the “best” restaurants in the country are now owned by the same people
@@ashleyy6329have you given any thought to starting your own restaurant? If yes, what went into your decision not to? I am not suggesting you should do this because restaurants are a risky business. I am just curious about what obstacles chefs encounter going from Chef to owner.
@@sco0tpa money. opening a restaurant today takes an immense amount of upfront money. the kitchen equipment for a small restaurant that seats maybe 80 people, that kitchen alone could easily cost $500,000. And that's just the kitchen, that doesn't take into account the tables, the bar, the chairs, the plates, glasses, cleaning chemicals, food cost, insurance, not to mention the money needed to pay your staff the first year while you personally make zero profit. I currently work for a new restaurant. seats 480 people at max capacity. its a big place, but many corporate restaurants like fogo de chao, or Morton's have been known to hit those niumbers too. the startup cost to launch the restaurant i work for was 15 Million..... just to open. that doesn't account for anything of the other costs after opening first day and onward...
The most a chef makes in most restaurants in the US, for an Executive chef, is 50,000 - 70,000, before tax, and personal expenses.... Chefs in the US are not given the respect or pay they deserve, in order for them to leave corporate jobs to open anything that could genuinely be amazing... Even when they do get out and they do open a business, they have to charge more on menu prices than their corporate neighbors because they don't have millions in the bank to subsidize food cost. So the public complains "why is my burger so expensive, i can get it cheaper at applebees" ... Well your applebees burger was made in a warehouse and shipped frozen over thousands of miles. vs the freshly ground burger, from a local supplier, slaughtered last week. No one wants to pay for actually fresh food anymore.
Private equity is also buying up MASSIVE plots of land and subsequently their ecosystem services, resources and inhabitants… it’s getting scary out here
Jackson Hole Wyoming... unbelievable....
He’s being more than generous regarding public interest in disclosure. If the public is impacted, and firms, indirectly or directly, raise funds from public money, firms need to be fully accountable and transparent for the effects this has on the public - not possibly, maybe more, or they could, and not kinda.
They don’t get to live in a bubble just because they feel like it. They know it doesn’t work this way just as well as anyone else does.
I appreciate his message and the information presented, and perhaps he’s using a good dose of diplomacy to get the message out. I’m not quite so diplomatic, since that hasn’t served well up to this point, has it? Give an inch and psychopaths take, well, the whole earth.
absolutely
Tell pension funds and others to STOP investing with private equity
@@zeddybear257 Yes, I was slightly irritated by his approach to the topic as well; this type of 'blatant objectivity' to the point of neutrality is certainly a choice many journalists adhere to (many to their detriment), but as a professor (him, not me), I was hoping for a staunch perspective, and was somewhat disappointed. Is he perhaps running for office? Or maybe Harvard fires people easily for holding views incongruent with their wealthy stakeholders. As our culture leans towards authoritarianism, no one's job is safe.
“I think capitalism depends on some level of transparency of how it’s functioning. And not just the bottom line, or unemployment numbers. But HOW capitalism functions, how workers are being treated, how consumers are being treated, and all of that depends on disclosure. And Private Equity is still not engaging.” 👏👏👏
As someone who is currently a broke teacher who’s credit card got declined trying to buy a late night Gyro last night, and who has family that are recent Harvard Business graduate themselves, who do very very well. The stories I hear from behind the scenes are staggering. What goes on in the high level business world is kept hush hush to the public because if teachers really found out how their pension money was used, or the lavish lives its funding, and how businesses gut hospitals, schools, housing, and local business for profit, they’re would be riots. French Revolution riots of the public really had a peak behind the curtain. And they know that; and they want to keep their privileged lifestyles, so they lobby and make sure that it stays hush hush and hard to track.
The French Revolution was a disaster for culture
Thank you. Pensions are one form of, but billionaires also engaged in private equity. More and more condensed to a few people.
This 😊
There are articles on those things and instead people focus on reality shows and political theater. The system is designed to make them not care.
If people just opened their eyes it’s right there in front of all of us.
Of course there is not transparency, who would ok that behavior?
His take on effects of private equity on healthcare organizations is spot on. There is a glaring difference between working in healthcare with a nonprofit organization and an organization bought by private equity. In the latter, profit becomes the primary goal. You see push for physicians to see more patients, minimal staffing and other changes.
So basically mimicking a poor 3rd world country while claiming to be the greatest nation on Earth
You are generalizing, which is somewhat reasonable here.
These are exactly the points that I've been most concerned about (especially in first 6-8-10 min. of discussion), and have tried to explain to people over the past few years. ...The trendlines are pretty staggering for concentration and effects. But, here presented the best and most articulately.
Very well-done. We really need this kind of content. The more effectively we can open-up these topics for more thoughtful discourse, the better we'll be able to arrive at guidance, regulation, or policy objectives -- both for the financial industry and society as a whole.
The time for these topics was when wall street was celebrating these same techniques in the 70s and 80s instead of calling everyone who opposed them "communists" for saying the perpetrators were heartless. It's always the same conversations no matter what the catchphrase has been about prioritizing profits over the well-being of the public or workers retirements, but now that executives and managers are losing power it's an issue lol.
Companies that provide basic needs like food, medical care, and housing should not be allowed to be bought up by private equity firms that only exist by increasing profits. Why do you think we have a housing crisis in the US? Private equity is buying whole neighborhoods, condos, and apartments, and turning them into short-term vacation rentals or sitting on them keeping them vacant as they drive up rent and purchase prices. There are entire condo complexes in Denver and Seattle that are owned by private equity firms and every unit is a vacation rental or vacant.
How do you know what they’re investing in? You can’t! That’s the power they have, it’s in the name of
@@Goonfn99 yep. They're not publicly traded so no oversight, regulation, or tax enforcement.
Yes
“The Problem of Twelve: When a Few Financial Institutions Control Everything” is “the book” he refers to, to save others the trouble
Private equity rarely has a long view . I love how he discusses things in a “maybe they will…” way . I think the results are in as to what private equity ‘s impact and behavior has been and will be in the future
“…They’ll get it. They’ll get it all from you, sooner or later, 'cause they own this f***ing place. It's a big club, and you ain’t in it. You and I are not in the big club…” -George Carlin
Imagine having someone living in your head, and not paying any rent at all.
"Rent free" you might say
@@Knaeben Nooo, that’s not what they think; they say we the people are the club.
What an utterly worthless and irrelevant comment, and what's worse is that you and those upvoting you think it's the opposite and that it's clever, cutting, and insightful - it is the opposite of those three things. You quoted a stand-up comic on a video about private equity, of which you almost certainly didn't even watch. Well done. Brilliant.
They think they are the club. They can have their club. They will get down on their knees to polish that club. It’s happened before.
While we live in tall grass and pines and simplicity.
@@Knaeben Dem voters really think a party being promoted by rich people will support the average citizen. True low IQ thinking.
Private equity lessons from this Harvard professor reveal a lot about USA and the wealth gap.
I didn’t go to Harvard and I can see what is happening. Fewer have more and working people are getting hammered. It’s not sustainable. Greed is not good
And, until the deregulated capital in finance is again regulated, including insurance, implodes completely, maximum civilization pain, we will not be able to stop fake finance from owning this nation. They had to make it all fraud to maintain financial status. Just like all the wars, aging decrepit empires will sacrifice citizens to maintain power.
It never was. It's sad it took more than 40 years for people to figure that out
Greed has always been there throughout history.
@@BeekersSqueakerswhoops. America just voted to keep this exploitation rolling. So sad.
@@engyn0 Yep, so sad.
I'm all out of sympathy for morons.
The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses. Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.
There are many opportunities to make fantastic profits, especially in this depressed market, but such complex transactions can only be carried out by seasoned market professionals.
wholeheartedly concur, which is why I like giving an investing coach responsibility for making everyday decisions. Given their specialized knowledge and study, as well as the fact that every one of their skills is aimed on leveraging risk for its asymmetrical potential and limiting it as a buffer against certain unfavorable turns, it is practically impossible for them to underperform. Over the course of more than two years, I've worked with an investment coach and earned over a million dollars.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Private Equity companies are a blight on humanity.
Trade unions are a bigger blight
@@ZhangWeiMenacingyeah, how dare the workers band together to fight for better wages and improved working conditions!
Keep licking those boots, maybe one of the CEOs will decide to keep you in their mansion like a pet
@@brennanpilcher4374rent seeking wanting more wages without actually creating wealth but being against innovation instead is what the other guy probably meant, which are no different than the so called CEOs and Shareholders
@@brennanpilcher4374 lol lmao. Take the tinfoil hat off
@@ZhangWeiMenacing try learning what idioms mean before you use them, because that's a nonsensical reply
Incredibly interesting. Between the black boxes of AI and the black boxes of private equity, i see a strong need for transparency work in the future.
Black Rock used to be called halliburton which was a Black ops for the CIA and FBI.
It currently buys up every single available family home and rents it out for three times what it should be renting for.
They're also involved in doing anything else that's sketchy that's harming the environment or the people that occupy it. Yet it's been given this legitimacy of making it on the stock exchange. Pretty sickening when you learn about the history of the CIA in the 80's with Freeway Ric importing all the crack cocaine into particularly black neighborhoods and watching it roll out to everyone else.
Yes, we should definitely be keeping an eye on private equity.
John, thanks for the nuts and bolts explanation of these financial markets. So the long and short is companies are accumulating more and more concentrated wealth and political power without oversight. What's their end game, to maximize their return and eventually own everything? This all comes at the elimination of competition, cutting worker wages and pensions, and entities that expect taxpayers to bail them out when they wreck the financial system. Sounds like corporate welfare to me at the expense of everyone else. Just because they've eliminated laws that prevent them from do something doesn't mean it's morally right for them to do it. People who exhibit antisocial behaviors, including manipulation, deceit, aggression, and a lack of empathy for others are commonly known as sociopaths.
Very well said
Psychopaths
This is incredibly important information, it relates to 20% of the economy, if not more, including pension funds of public servants.
The lack of transparency of a private entity funded by the public is inherently problematic.
About as concerning as the federal government making up 22+% of GDP!
Greed is the downfall of man.
WAKE UP!
You are more than right. ❤😊👍
greed and religion!
Isn’t that what Christianity with its deadly sins suppose teach and prevent?
There is NO such thing as 'Infinite profit".
Corporations failing to innovate and just appease short term profits for Stockholders. They tell lies to the public and so do the politicians in their pockets. It's a disaster.
The Professor practically summarizes the book New Tycoons.
That's all you got out of this program , you must have been the kid who looked at window in grade school watching squirrels
@@sonyjoseph5426 Not sure why you need to empower any of your words by such. Please enlighten me, what is so new about private equity in this talk besides the nearly centralized distribution of even fewer key players since writing of NT ?
@@sonyjoseph5426If anything it shows that he has done even more research on this topic rather than "watching squirrels" by drawing a connection to a book he read...
Tomorrow is election day but this also scares the crap out of me. The amount of wealth and influence that companies have is terrifying.
Well buckle up baby cuz we about to all be REALLY poor! Hahaha (I’m laughing cuz I’m fucked too)
Yep and then half of America hired Trump 🤦🏼♀️…..again
CPA firms are increasingly owned by private equity. If you wonder why your audit and tax preparation bill is so high, ask about the firms' ownership structure. The partners no longer have the final say in pricing. These firms are under tremendous pressure to take over your accounting so they can get recurring revenue, and to charge higher prices for taxes and audit. On the expense side, they cut costs by offshoring all of these services. Yes, your taxes are being prepared by someone in the Philippines or India making $25 an hour. A good portion of your audits are the same. And yes, your accounting team is overseas with your only accounting contact that you are aware of located in the USA. And yes they still charge you USA rates per hour and don't disclose where your financial services are being outsourced to. Of course not all firms are like this but increasingly, many are owned by PE and to compete, many firms follow this model.
And without guardrails and transparency, it's only logical that it would progress this way. Failed state
Interesting!
This can be seen in any sector really. Finance, insurance, even transportation relies on overseas workers. We’re due for an awakening.
Wow this is super interesting! Thank you for raising awareness about this!
All you have to do is look at the S&P 500 to see that concentration. Those top 7 stocks (Mag 7) make up over 30% of the exchange valued at over $ 15 trillion.
The "dark nature" of private equity feels a lot like the credit default swaps of our last financial disaster. We have so much information about every market and commodity on a minute by minute basis, the financial world feels transparent. But there are still pockets of invisibility and private equity is one of those. They've become another derivative. And that's fine as long as everything is humming along normally. But if we hit another bump in the road like 2008, it will be Lehman Brothers and Bear Stearns all over again. Only this time, they'll take pension funds down with them.
The irony of Harvard business school posting this isn’t lost on me
😅🎉🎉🎉me either
Must be really bad
Can we talk about Harvard's endowment fund, that's larger than the GDP of most countries, fueling Private Equity.
Not on this channel!
Dam that’s shady asf
Colleges don't pay taxes
50 Billion
Brilliant
🤫 Sounds like there is approximately 30% of the economy controlled one way or another by the top 1% who operate in total silence due to concentration of ownership 📝
All the healthcare points already exist with private ownership/provision just to a slightly lesser degree. That is why it is so hard to tell if private healthcare is better or not than public (and jails etc), and why US health outcomes are the same or worse despite the (much) greater cost
Terrible music, interesting content.
Good music
Yep, the music means: you don't have to listen yet because this is the intro. So, hopefully, nothing in that intro was important.
What do you mean by terrible music?The content can be heard and there's no noise.
It is subjective, but half way through the video, the same repetitive "empty of culture" music came back, and I thought, I can decide to quit because of this, and I did.
makes it a bit creepy lol
sometimes i think i should've studied finance/economics business is general it's fascinating to me
Why is there a double standard in legal obligations for transparency? SEC rules might be overburdening but why do they even exist at all if private equity just gets a waiver? All I can say is the companies with something to hide are not on my investment radar anyway.
Because the rich paid good money to codify rules for thee and not for me.
Some people spend Friday nights at the bar. Me? I spend it watching videos from Harvard about private equity.
Nice
Same but usually woodworking videos lol
Jokes on you, I'm at the bar playing this on the speakers. Everyone's yelling at me for killing the vibe, but it's important info
Alright, nerd
I’ve found that if I’m doing something different from “people,” I’m usually on the right path. “People” are idiots. (Applies to both people in bars and people in the investment markets.)
It’s important for people to be financially literate and manage their money conservatively.
Unless you are unfortunate enough to be struck down by health issues, most Americans should be able to make ends meet and save for their future.
Key is to focus on your own true needs and not “try to keep up with the Jones’s”. There is a huge difference between needs and wants.
So much of what people waste money on are truly not needed.
If you are lucky to be wealthy, sure, splurge. Otherwise, live within your means and your life will be secure and equally satisfying.
Stop comparing yourself with everyone else. Envy only makes you miserable. And you do not see the troubles that others have despite (or because of) their wealth.
No free lunch.
Heres one problem with that: medicine is being run like a business--whenever you go see a doctor now, they're pushing all kinds of MRIs and other costly tests costing thousands because that's the PE mandate for profession now. With most Americans carrying a $2.5-$5k deductible per year, we're piling on medical debt year in and year out. I jumped off the merry go round and just started saying 'no' to my doctor and these tests that are basically helping to pay for all this new technology. She's very wise and she understood. Some people are not so lucky.
@
I understand. I have seen it myself. I am a retired cardiologist. When you practice medicine by treating your patients as you want your own family members to be treated … your pocketbook will take a significant hit. But you will like yourself better when you look at yourself in the mirror in the morning.
But, even if they are not looking at the bottom line … just practicing “defensive medicine” can get expensive. No one wants to get sued. And if the whole community is ordering those tests (and you are held to the “community standard”), it can get difficult.
I would “discuss” specific tests that are available and then explain why I don’t recommend doing them at this time. Definitely takes more time “not to order a test” than to just send them.
But I have a clear conscience and after 26 years, I had enough. Time to move on to something else.
@@JosephWen01 You sound very sensible; as you've moved on, the medical community has lost a valuable practitioner. Good luck to you.
get ready. it's about to get more concentrated.
He said two words that should be at the heart of every business regulation: accountability and transparency. When these are gone or only given lip service, you get what we have today.
1:10 actual start
1:10 never again 👀
I think the first minute was an important introduction
Dumb comment
Moral of the story: we need accountability in finance, private or otherwise. Also sucks that if any of the fat cats blow it, tax payers gotta foot the bill
That’s what accountants and auditors are supposed to do, but companies are so complex now so accountants haven’t been able to keep up.
It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@derrickholfman2 I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
learning a lot from this guy. i never thought of the bottom line (employment %) vs how internally capitalism works (some other metrics)
Excellent content
Scary. The current debt structure, from personal debt, mortgages, credit card debt etc, versus average savings is bad. If there is a downturn and people are unemployed bank debt, is connected to insurance companies. If people default on mortgages, credit card debt, and the continuing insurance claims are rising, liquidity is then shrinking in the market place. So in 1929, the debt to wages to higher taxation of the poor, suppressed wages against inflation, easy credit, connection of banks to insurance companies, spread the market crash into the economy. Now its all linked again. They separated things to stop another crash, but... the liquidity crisis we see, is causing serious economic issues . Wages are too low. Workers are borrowing to pay for groceries, pay check to pay check. Bad.
Yup I work at a bank and ppl are hurting fr
Working with professionals who have expertise and experience in the market can provide valuable insights and guidance to navigate volatile times.
This is why it's crucial to have professional guidance
Indeed Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
You need to get a financial planner or expert on investments to aid guide anddiversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Shannon Saccocia, Chief Investment Officer at SVB Private, recommends that investors refrain from making big changes to their portfolios without consulting a financial planner and try to stick with their long-term financial plan.
Finally someone who gets it. Sadly he's not in Government. Sad.
You’d be surprised how many smart people are in government. You just won’t meet them at a front desk.
government has a lot of checks and balances to stop problem solvers from being effective problem solvers.
It surprises me why everybody gets really worked up about recession and inflation data. Inflation has always existed, and people have been using investments to beat the inflation. The stock market return, for example, always beats inflation. I heard of someone who invested $121k last October, and has grown the portfolio by more than $400k. I need recommendations that can give me similar return.
Inflation has not always been around there was a 15 year period of deflation. Yes as prices went down income went up. Once you go to Fiat currencies with no tangible backing then inflation is an intentional factor. Patience, Cash on hand & Short Term Investments are key
True. I first came across investing in the market in 2019. Already stashed about $480k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
I have “Rebecca Nassar Dunne’” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making. Them less vulnerable to market downturns. She may be a name you are already familiar with from Newsweek.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
We should create a financial instrument called "Private Equity-Backed Securities" to bet on the perceived value of each company that's bought and traded. Maybe layer them into tranches!
Excellent thoughts and concerns.
It’s little things that add up-like always focusing on immediate expenses rather than building up any real savings or investment. Sometimes, people think just because they’re covering their monthly bills, they’re doing okay, but that doesn’t mean they’re building any real security
Great video, thank you
Everyone should contact every legislator and demand legislation to remedy. Congress is responsible for this unjust situation.
The rich and the powerful marry together. It is not gonna happen
I'm a visual designer; i think what's needed to create tipping point momentum is to meet the public where they are. In other words, put this financial content along with all the other election platform info that got zero media coverage: BRICS/petrodollar, history of paleoconservatism nonsense (Pat Buchananism), historical effects of isolationism & tariffs (Plaza Accord), into easily digestible animated segments on TikTok and you tube shorts....
Anyone want to write a few concise, 30 sec. scripts?
EDIT: btw, the shorts should be funny, with a link to more info...more flies with honey, and all that 😁
It has always been concentrated!!!!
There has never before been as much of a concentration in index funds as there is now, which is what much of the video is about.
@@theonlycaulfieldIncumbents want thst by design = ALL of Trad-Fi wrapped into ETF's. While DeFi & DLT will be the new rails/silo everything will flow threw for much faster returns
@@theonlycaulfieldThere is so much concentration in these indexes with thousands of companies!
They used to be much more diverse in a few hundred companies.😂
@@Ferdinand208 Nope, you've misinterpreted the video and my comment. It is not that index funds are concentrated in a select few stocks, but that the ownership of the stock market is concentrated in the index funds, to an extent upwards to 30% of the entire market. The index fund concentration is great enough that it has changed the way the market moves. I now realize the parent comment also misinterpreted the video given your comment.
@@Jalyemengesha Also, to add to my other comments, and to respond to "it has always been concentrated", the market concentration in the top 10 stocks is in the 98th percentile of the historical concentration, so no, the market has not historically been as concentrated in a select few stocks as it is now.
I like the background music!
As an American, your (general public) enjoyment of freedom should lead to a knowledge of the landscape of WORLDVIEWS. Often, the elites who run an Index Fund share some particular worldview. The public is entitled to know and understand that worldview.
Just a matter of time before the whole system implodes. The worst is yet to come,its on the horizon. Glad I’m old.
I don't go to any medical doctor who is part of a practice, clinic, or hospital owned by private equity. I use micro practices owned by one or a small group of doctors and pay out of pocket. Every time I went to a private equity medical facility, I was told to get unnecessary tests, go to another doctor for more specialized care, or encouraged to have a very expensive (unnecessary) procedure, including surgery. NOPE. Not anymore.
Money is the root of all
Very insightful
Most Americans aren't aware of any of the critical factors controlling U.S. society, so we get Trump,
lol. no. Trump getting re-elected is a sign of rejection of that perceived control. What they aren't aware of is that Trump is part of that system too.
I dont even think Trump is the problem, he’s just a symptom of the problem
Both major political parties are owned by those with all the money, by those that own private equity firms.
And as a result neither side is actually going to do anything about the wealth gap or even lack of transparency because their funding comes from the corporations funneling the wealth out of the working class
Are you an American or an U.S.?
This is damn good content
The US hasn't been a Free Market for decades now...
Yes we are. So over this.
The nation just doubled down on this.
Poor regulation of monopolies ,Private Equity Will Kill Us All !
Thanks very interesting. Are there private equity funds being created outside of the traditional elites and billionaire class, formed by women and diverse individuals? Do you discuss this in your book. Particularly my firm is starting a private investment fund.
Interesting juxtaposition of upbeat music.
I have never really thought about my pension fund, especially with the insight that it is apparently making life worse for me while I am not retired. We should be able to have a stake in how these funds are invested. I really appreciate this information!
You can say it is the American equivalent to the House of Lords in the UK which now the UK is in discussion of getting rid of that institution. That’s what happens when powerful people get together and make moves. The moves they make benefit them. That doesn’t mean it benefits everyone.
And I find it strange that private equity firms that own hospitals get money for treating patients from Medicare.
What i see as a HUGE threat is the movement of these private firms into the private housing market. Where they typically buy up all of the available housing (via 3rd parties) to create an artificial scarcity within a local market. While at the same time taking steps to make it more difficult (expensive) to build new units for private owners. The effect here is that those looking for a home are cut off from the market by forces that exist only to drive up the prices. Meanwhile the same firms buildup lux-apartments that they can then rent out well beyond what the market can support, causing the local economy to stagnate. This creates short-falls public services that depended on those houses being occupied to generate the needed tax revenues. Everything from roads, schools, emergency services, to healthcare takes a huge hit.
Can I get a version of this with better mixed background music
Also PE don’t have mark to market requirements
Won't index funds face dilution eventually? I think a very rich individual who buys up say 10% of outstanding shares of a company will have to contend with dilution
Can you unpack this a bit more? Interested in understanding.
Sweat equity is mostly by owner which companies and Banks and buyouts don't have
Why do pension funds invest in PE firms vs. public index’s? Historically Better returns?
I appreciated his insights but was a bit surprised by how minimal his recommendations were. I agree that disclosures are an important step, but am concerned that regular folks don't have the time to follow everything, and even if we know they're planning to do something we don't like, how can we change it? Vanguard has my money but I have no vote, and they won't listen to a phone call from one person. If public influence only happens with a big public outcry, most things won't change.
I think we should reduce their influence
Private equity is a collateral based when it should have been budget based from a business case
the music shouldn’t be as loud or louder than the contect
I'm aware, also understand how concentrated every business industry is. What I am unaware of is does anyone care🤷♂️?
Good lesson ..
No, we're pretty damn well aware. We're also aware there is almost nothing that can be done about it, it has become enmeshed with the entire social and financial landscape, no politicians who could make a meaningful difference stand a chance, and rent is due soon. We're very aware, and aware that awareness means nothing.
aptly timed
'The important question about regulation is: Can you make disclosures more reliable, consistent, and useful over time'
The Problem of Twelve - When a Few Financial Institutions Control Everything, John Coates
Fixing wall street is easy. Ban stock buybacks. Ban short selling tax short term capital gains at 50 percent and tax carried interest
Banning short selling is stupid. Plenty of fraudulent companies have gotten exposed by short sellers.
You’d kill innovation and economic progress with this proposal
He's talking about private equity not publicly traded companies
US markets were getting smarter and smarter but now suffers from the same national problem. The solution in a democracy is voting by educated well informed populace, whether government employees or corporate officers
This is for civilian Banks and for military credit unions
Most Americans aren't aware of any financial situations. Too many live paycheck to paycheck and have no idea by investing in simple programs can help them later. Many don't have a 3 month reserve of cash!
Most Americans.
Outstanding!
Thanks to you guys, you thought those private equity guys behow to win the money game. Now they are telling you how to live.
Now that passive investment has overtaken active, the pace of this concentration will quicken. Also, there will likely be fewer recessions and much larger gains in equities than we’ve come to expect from etfs.
whats the logic behind concentration and more "passive" investment causing fewer recessions?
@@unktheunk1428when passive investing was not so prevalent, active managers would mostly all collectively “sell off” during a recession, or at least during a market downturn. with this amount of passive investing, even during those times when the market would normally go down, passive funds will still buy in. since they are such a large percentage of stock traded and owned, there are not market downturns like there used to be because there is always some upward pressure on price from constant buying.
so maybe there would not be less recessions for the economy because unemployment can still go up, but instead less market downturns for the stock market
@unktheunk1428 buy/hold means no one is selling aside from day traders (which is surprisingly a high percentage so I'd still think there will be some steep swings)
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
I like how he said socialized healthcare institutions their institutionalized with all these third parties
absolutely cannot have this level of wealth concentration, and not have huge societal problems that will end in revolution at some point. no time in history has that not happened.
The scary is enlarging las vegas where twister is source money and not jobs? The questions is definition of human and robotics got blurry and one key stroke could ultimately end 99% of all
I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 20% of my $75k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that can be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Many people minimise the role of advisors until their own feelings get enraged. When I needed a boost to keep my firm viable years ago, I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing to over $550,000 despite inflation.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
My CFA is Karen Marie Gendron, a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Just ran an online search on her name and came across her website, pretty well educated. thank you for sharing.
Amazing Sir!
great video
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
I know that a lot of the closures of small regional hospitals in Texas were done because Private Equity were purchasing these hospitals and closing the non-profitable hospitals and raising prices and cutting services in the profitable hospitals.
You can find transparency whenever you track the US dollars that leave the country via Fiat exchange at Banks all over the world