Louis C.K on Investing and Money
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- Опубліковано 9 жов 2022
- #louie #louisck #standupcomedy #comedian #standup #standupcomedian #standupcomedians #joerogan #davechappelle #comedyclub #patriceoneal #billburr #normmacdonald #ymh #tomsegura #yourmomshouse #theovon #comedyclips #shanegillis #marknormand #opieandanthony #timdillon
Full Credit to Louis C.K on the Opie and Anthony radio show. - Комедії
"Money isn't a thing, grow a garden" - Louis CK
"Fertilize the soil. Use wood ash and urine. And get some seeds. And not those franken seeds, real seeds. Organic"
Ben Rickart 2008
@@pauldurand4780 great quote
@@Chaosdude341 do you know where thats from?
@@pauldurand4780 ye, The Big Short.
@@Chaosdude341 congratulations! you just sold a swap on a AA tranche mortgage backed security! Just dont fuckin dance...
Great quote from a great film that came waaaay to late to have any effect...like a movie of the cause and effects of CBDCs ..l just got really scared..
People think just because they are artists they wouldn't be having a good sense of money and investing. Louie's mother was a pioneer software developer and his dad was an economist. He is smarter than most of his comedy peers and dare I say majority of the common public.
He's not smart because he knows economics. He's smart because he knows it's all bullshit and classist
He is obviously smarter than the majority of the public
An “I’m not ” channel for Louis means we have about 18 months left to enjoy this beautiful bastard.
I didn't even know he was sick
@@JackBirdbath but it was a national tragedy.
Don't say that
@@jordanhenderson3812 we’re all going there. Those who have an “I’m not” channel sooner than others according to the statistics. We won’t even know he was sick.
He sounds like a real jerk.
Y'all basically went over everything I learned from 4 years of studying business and economics.
If the bank pays you 1% interest but inflation is 8%, your money is losing value every year
and if you invest, then you lose it all
Lose value or possibly have no value, that is the question.
You should keep 3-6 months of an emergency fund in a bank and invest the rest
How do you know?
@@Gknows33 REITs are still good, real estate will never go to 0.
for a Mexican, Louie is very smart
😂🤣😂🤣
Even for someone from Boston.
That's when his Jewish heritage comes into play. 😊👍
@@bochica3562 Hungarian at that
🤣
All I hear is Opie talking over the funny guest. Ah memories...
Always. At least he was consistent, lol.
I just paid to watch this De Beers documentary that was only available through the library
They seem to keep chirping in with their own version of what Louis just said. They repeat it back in slightly different words... Wtf.
the subway bit is goated
the stock market is the transfer of wealth to patient people from the impatient - Buffet
From the desperate people to the wealthiest people
Precisely. No matter the asset, you don’t really lose anything until you sell. People obsessively watch the intrinsic value fall and panic sell out of fear of it falling further 🤷🏽♂️
It’s a shame so many lower-middle class earners distrust the stock market when it’s one of the few things that can give you financial freedom (now that real estate becomes more and more unobtainable). In a few years those same people will say “man if I’d have known I would’ve been rich”
I approve, they managed to explain it in layman's terms perfectly
They're not 100% percent about the "assigned" value of gold. Unlike paper money, where we BELIEVE it has enough value to pay our mortgage or buy a cell phone, gold has a true value:
Gold is:
-non-magnetic
-doesnt rust
-doesnt corrode
-conducts electricity, well
-and impervious to all acids and bases (except aqua regia -a hydrochloric/nitric acid mixture)
If not for the cost (vs, say copper), gold is that PERFECT material for building electronics devices that can last for decades (somewhere past the edge of our own galaxy, Voyager 1is still going strong and it was launched in the 1960s) If you replaced cheaper versions of items with their gold counterpart, the end product would last longer and be more efficient/effective.
IF aliens were to plunder our planet for anything, gold would be one of those resources that ANY civilization can make use of.
intersesting points, and voyager was launched around 1977
@@theadvocate4698 my mistake. i thought it launched pre-Neil Armstrong. Thank you for fact checking.
@@theadvocate4698 i forgot to mention that gold can also protect against radiation (astronaut helmets) and IF irradiated properly, can be used in micro-radiography treatment against some cancer cells.
In effect, as a metal, gold has enhanced and additional properties compared to most other metals.
Yes gold is an amazing element and precious metals are a great monetary unit for various reasons.
Most people will one day look back and wish they had saved in gold/silver/copper etc
@@well.thy.one. Ron Swanson did (from that TV show Parks and Recreations. And now "Your great grandchildren will never have to work")
When Louie starts going on about the paintings it was startling similar to the NFT apes. We've hit the fan folks, just waiting for everyone to notice we're all covered in shit.
The jim cramer we don’t deserve
10 years later and we’re even closer to the brink
i just keep squeezing out fart after fart
Gasp really???🙄
@@Jagar_Tharn I like your style
@@ferise1 OMG Rebecca!!!!
I was stationed at Knox in the 90's. Yes the gold depository is there surrounded by barb wire, cameras ect. But the gold is stored in New York.
Question is who actually owns it
Ive been at the fed in NYC. the gold is so far down underground it's insane. also every officer in there is a skilled marksmen with a gun range in the actual reserve and they practice often . see all the gold is insane in person
Isn’t the “depository” where the gold is stored?
So what's I Fort Knox?....the gun that killed JFK?
Louie is a brilliant guy and I could listen to him talk for hours. But I always got annoyed in these O&A interviews / conversations because they always wanted to talk over him and be the smart, funny guy rather than let the master finish making his point.
That’s kind of the point of the show it’s a bunch of guys just sitting around shooting the 💩 yes you’re gonna talk over your friends and stuff but that’s what made O&A relatable and great
@@chrisjacobs9101 yeeeeeh no though, cos they're not the star. They're the hosts. We came to hear the star. I don't click on anything to hear the interesting thoughts of some dude who goes by "Opie".
@@jakevendrotti1496 oh listen I didn’t mean opie I hated him I loved Jimmy and Anthony I’m no fan of that autistic cry baby
I know we can kind of place the date of these videos by context, but could you post the date these were broadcasted in the description? Thanks
Louie was either talking about Dane Cook or Kevin Hart
That’s what i was trying to figure out lol
14:45 Jimmy’s investments paid off big, this company bought his two Manhattan apartments.
This is so true
I feel like the painter he is talking about it Thomas Kincaid.
The sandwhich joke was lol😅
"it's like OPEC. They can take the oil and say 'we're not gonna pump as much'"
It actually fucking happened.
lol it happened they called it
would be cool if the US bombed the shit out of saudi arabia for this. We have been bombing the wrong middle eastern countries.
It's been happening for decades. It was an observation not a grand prediction.
That’s literally why OPEC was created…
that's OPEC, that's what OPEC does.
When did this come out?
Who is the comedian Louis is talking about at the end?
Anyone know when the first one was recorded?
Must have been long ago since he bought gold coins at $700 (most likely 1 toz coins).
2006 is when the DOW hit 12K and then fell, so that's my best guess.
This shit is so funny
the garth brookes headset lol
Invest in reserve list magic the gathering cards 👍 way better margins than stocks lmaoo
People weren't saving. They were getting handouts at the same time the cost to borrow was nearly zero for a decade. That's why ppl had extra money
It’s sad how rapidly the savings rate has fallen off the cliff
I want to know when in US history Louis CK thinks people were using wheelbarrows full of money to buy bread
Weimar Germany.
@@TheBillythepoet Which US state is that
@@Gorevet Take it easy, he was thinking of Weimar Germany.
He was predicting the future. It'll come, in our lifetime. Get your wheelbarrow ready.
Great Depression.
What podcast is this from?
Louie is wicked smaht!
Who's the "Comedian" Louis refers to at the end?
Gold won't sell in an Alley lol only invest in things that sell in alleys.
So invest in meth?
@@jasonmcdaniel345 If that is what your town is into but Tobacco, Weed, and alcohol will sell in any block if they are found in stores.
Wealth Generation is simple.
Earn Money - Live Beneath Your Means - Save Money - Learn Investing - Invest
Repeat - Simple! NO EXCUSES!
When was this?
Remember the days when you had an option to save and not live check to check? Dow is the same, btw.
This is more relevant than ever! When was this originally recorded?
Just the other day on a podcast, i think
Think he was a guest on Opie & Anthony mostly between 2007-2012. Search Louie CK o&a. Patrice O'Neal episodes were also great
2008 financial collapse
2008
Nerfy, no. It’s old.
that artist they were talking about apparently died of an accidental overdose in his sleep at age 54 in 2012... the whole thing sounds pretty fishy to me
What's the artists nane?
I just paid to watch this De Beers documentary that was only available through the library, dang you wouldn’t believe what is allowed to go on without somehow making global news
Anthony has never ever seen a glimpse of the real world.
When was this recorded? Probably 2008? He states the Financial adviser called him in Oct./Nov.
It still applies though lol
September 29, 2008: By a vote of 225-208, with most Democrats in support and Republicans against, the House of Representatives rejected the Emergency Economic Stabilization Act of 2008, which included the $700 billion Troubled Asset Relief Program. In response, the DJIA dropped 777.68 points, or 6.98%, then the largest point drop in history
As long as inflation is above 1%, you'll never have more money in your savings account, than you started with at the end of a month. You'll have more dollars, but less spending power.
Not very funny
You have to invest in something to exceed inflation or your losing money
Gold has intrinsic value lol it’s in semiconductors and plenty of other things
Nobody tell him how much gold is in ocean water.
Diamond does as well its just not rare.
BitCoin has intrinsicc value becaus it costs an amount of fiat due to electricity costs.
Wow, this is from the bush era? Times have not changed at all
The US market has always increased over time. The only question is the amount of time.
It was flat in the seventies for 10 years.
@@synewparadigm only for people who had shit investment portfolios.
A good diversified portfolio in the market has always been successful.
Holds quite true.
The difference now is that the crisis will be alot worse.
isn't that painter he's talking about at 15:30 Thomas Kincade?
RIP the kitsch master 🙏
What comedian is Louis CK talking about at the end ?
Most likely Kevin Hart, all he does in interviews and specials is talk about how wealthy and great he is
shout outs to Reuben Kincaid.
What’s the point of having one of the funniest comedians in the world as a guest if you talk over them for the entire interview?
The dow hasn't been under 12k in quite some time. How old is this?
Probably around the 2008 crash. That’s when opine and Anthony was popular.
Only reason it’s as high as it is now is because of quantitative easing and 20 years of zero percent interest.
Most regular people should only be looking to beat inflation at the most. Not try to strike a homerun. Homeruns just happen, you just need to be available for them. Stick with profitable companies that pay dividends and some to reliable indexes.
I-bonds will pay an average of about 8% over the next year if you invest before the end of October. The catch is that you can't take the money out for at least 12 months and you lose 3 months interest if you don't keep the money in for 5 years. Still, that is a pretty solid guaranteed return if you have some cash sitting around. It's quite possible the stock market could rebound in the next 12 months and outpace I-bonds, but it is also possible the stock market stays flat or drops a little over the next year.
@@jasonmcdaniel345 pretty cool. Would be good to allocate some capital to that as well. Thats probably the first best step for many people, then if more capital is available move to stocks.
Can't get ahead without being a criminal.😎
Series 1 treasury bond protects against inflation. The limit is 15k per account, but it's a great spot to let $1k sit for a few years. Easy!
Which comedian are they referring to near the end? They don't mention their name for obvious reasons as it's a slight about simply being successful. I want to say Kevin Hart maybe but....i could be wrong.
This is early 2000s, definitely not Kevin, maybe Seinfeld
@Art Callan That was my first thought as well. Possibly Jeff Dunham, though I think he would have made some reference to the puppets if that was the case.
Link to the NPR thing??
Just google “de beers npr” and the first link takes you straight to play the 30 min audio 👍
Gold is very useful, especially in a technological era (transistors require gold and computers require transistors). Nobody can devalue it on a whim as of yet.
How old was this?
How old is* this ...
What comedian is louis talking about at the end
Prob Dane Cook
What's the name of this podcast?
Not a podcast, it’s Louie on The Opie and Anthony radio show.
@@TheBaker359 thanks man I figured it out just now and got hooked immediately. I hope more people know about it.
@@Pupulittagh You got a lot of catching up to do, go for it! :)
Listen to Patrice O'Neal too.
Sorry to ruin the ending but the show ended 8 years ago...
Patrice O’Neal on oanda is the beat
Remember Louis’s impression of people’s stupid voices in a hipster cafe? That’s what this sounds like
secreting words out of the front of their head lmao. had me in tears
"I saw Karen the other day......thaaaaaaaaaaat's hiiiiiiiillllllllaaaaaaarious"
Hey guys I have an idea! Let's start a podcast and all talk at the same time!
It's people having a conversation 🙄
Always Sunny made it their focal point… on the show and the podcast
You have to diversify to reduce the damages of inflation. RE, gold, crypto and yes some stocks.
I agree.... except you could do without crypto.
Gold is used in tons of electricals like mobile phones. It's also only created in the hearts of dying stars and thus there is a finite quantity on earth. Unlike money, you cannot simply make more of it, not yet anyway.
lol i lived in turkey pre covid, this inflation around the world is like easy mode for me rn. WHAT SHOULD YOU DO? 1.Stock buy stuff esp non perishables when they are on sale 2.Keep foreign currency(kinda hard now coz whole world in shit) 3.buy a house with savings if u dont have enough savbings join with friends and buy DONT get a home loan
What comedian do you guys think Louis was talking about at the end of the clip?
Dane Cook probably
low unemployment means more wage inflation. that's why the market reacts inverse to the reported unemployment number
Do you mean inverse to the employment number? i.e.
High employment rate means
Low unemployment means
High wage inflation means
Greater expenses means
Lower profit means
Lower stock prices
O man, when he was talking about two of the same kid making a sandwich for himself at a restaurant.
I understand.
Diamond were rare until South Africa
O & A make it so clear why people who didn't come from money and don't have a statistically unlikely IQ, like Louis, immediately lose all their money.
It's all about setting up an individual retirement account like an annuity or something. Be your own insurance plan
But don’t use insurance products for investing
This coming from 3 guys who have money.
Big short 2 incoming
12:42
Read THE FEDERAL RESERVE CONSPIRACY By Eustace Mullins R.I.P
When was this recorded? Kinda douchy to post it without dating it. I would guess this is like 15 years old.
Does anyone know who the painter Louis is taking about? I want to buy the guys signature for 20k to fluff my ego
Right at the end they said "Ruben Kincaid." 🤷
This is obviously 2009 when the crash was fresh. All any of these guys had to do was nothing and they'd have all their stock money back in a year. I'm still sick that i didn't buy BofA at $3 at bottom. It wasn't mentioned as a poisonous bank during crisis. It was 15-18 by end of 2009 thanks to warren.
Are these comedians really trashing a guy in a stadium signing paintings mic'd up and ppl pay him. Kind of close to home.
Go to Taco Bell with gold.
That line about jizzing on your stomach is was pretty telling.
Louie has hours of material about masturbation going back decades. Nothing new.
You know a thing
... is or was?
Investing is great in case they cancel you.
It's sad how many people think a savings account is for retirement.
Max out your Roth IRA then I bonds, voo or vti, schd, and a couple good bond funds
couldn't make it past a few minutes, everyone is talking at the same volume at the same time.
Yeah that show used to get on my nerves for that reason. I listened for a few months when I had XM radio.
People don’t appreciate the value of compounding returns. A modest return & a long time period creates exponential growth. Just match the Roth IRA contribution limit each year for a few decades in a diversified portfolio and you’ll be loaded.
Gold will have value until the sun blows up. The exact price is subjective sure.
invest in the index fund . Always
Explain like we're 5
This is a discussion with no concept of an investing timeline...If you need the money within a couple years, then investing it is contrary to conventional wisdom. If you have money that you would like to see grow over 2+ years, then investing in the stock market with a broad based index fund (VTI, VXUS) is the absolute best thing to do.
The alchemy of finance. Good you’re such a loser
2 years?! More like 15+
Wrong. Gold is not psychological. It has practical value. It has physical properties that make it extremely useful for many purposes. This is precisely why it has always had value.
If it was psychological, other shiny metals would have similar value, they don’t. because they can’t do what gold can do.
Yes, but if it were treated as a base material for dental care or electronics only, its value would be much lower. Its over-inflated value results from it still being mistaken as a form of currency.
All currencies are derivatives of gold.
Save the real stuff folks, the fed note dollar will perish.
not really, gold standard was one of the reasons they killed Kennedy. Fiat currency is backed by countries assets and political power mostly
When all money is worthless, gold will be too. Because gold's value is measured in money. You can't eat gold, so eventually you will just have to trade it in for food, clothing or the like. So any useful item - food, clothing, tools - will be worth more than gold when money becomes worthless.
@@einundsiebenziger5488 precious metals are commodities and have uses. They just happen to have qualities to serve as the best money. There will always be a need for a medium of exchange....good luck storing wealth in food and tools.
Paper money was created in 1861 and is worthless. Precious metal have been around for at least 5000 years that we know. The value is real, base on is rarity and industrial value. For example it impossible to create gold in laboratory witch is not case for Diamonds are any crystalline material and paper money or cheap metal coins.
Gold does have real value
Every electronic device has small amounts of it in semiconductors.
Very valuable stuff…
Until Elon finds an asteroid made of gold and diamonds and corners the market!!!😂😂😂
And diamond is used for machinery like abrasive and cutting tools, we also make them synthetically. Yeah so many things were off in this video, these comedians don't know much about finance, which, isn't that surprising thinking about it.
The Halas family owns DaBears.
See what you did there!
That’s why you don’t take financial advice from comedians
This is a stoner conversation, with coughs and all 🥸
It’s actually a pretty stupid take because most employers encourage and default you to invest a percent in your 401k.
Well the Economy was Bailout from this ...so we can Sell each other Meta-Verse Real Estate