Happy Friday everyone! Visit www.newsoveraudio.com/bagel (or use coupon code PLAINBAGEL) to get a free 7 day trial of Noa's premium subscription, plus 37% off the annual fee.
Newton made a small profit and sold, but regretted getting out too early and bought back in near the top (FOMO) and rode the shares down to the bottom. That’s how the South Sea Bubble broke Newton, a man who famously avoided company and didn’t pay much attention to the news.
This man, Sir Isaac Newton, Created a revolution in physics and mathematics, Created Newtonian mechanics, theory of light, Calculus, reflecting telescope, Practically a genius worshipped by academics today, Lost £20k in investing... What in the f*** was he smoking.
If you think speculation NOW is bad, just note the South Sea Company and Mississippi Companies each had market caps larger than all modern tech giants combined... BEFORE industrialization.
@@greenthunder7982 Extra Credits History mentioned that the South Sea Company became so large relative to the economy of Great Britain that it would be a $85 trillion company at the same ratio today. To put that in perspective, Apple crossed the $2 trillion mark in 2021 and it's a profitable business, unlike the South Sea Company.
hm, not really. in relation to what? gdp? the total monetary supply? neither of these things are good indicators of how much something is actually worth.
Extra History did a short series on this topic a few years back. 5 episodes, each about 10 minutes. It's fantastic. This 5 minute summation skipped a lot of details, but was still great (even Extra History had to cut out some things). Keep up the good work!
Absolutely love the 5 minute history lessons. Being from Quebec I can appreciate the "screw toi" -cracked me up. Man this was fast though. Really well done all the same.
>10% down, no payments for a year Kind of unrelated, but that quote brought this to mind: I often wonder if the surge over the past two years of "buy now, pay later" platforms is setting up a catastrophic bubble of bad credit. Ie, which companies are recognizing revenue and when? Are retailers recognizing future revenue on the promise of payment from those platforms? Or are those platforms paying retailers in full and using debt to provide credit which could very well default?
Take everything I say with a grain of salt, I believe in australia BNPL takes a few percent cut from the sale, otherwise the retailer is paid in full Interestingly, the contract between the two companies doesn’t allow the retailer to add that fee to the price (on an individual level, like credit card fees), but has to jack up the price for everyone including cash/credit card sales. But the government is looking at legislating that clause out of existence
Retailers attract new customers that would otherwise be priced out. Creditors get new customers without a credit check. What you may consider sub prime credit debt. Figures indicate most pay off bnpl debt in time without incurring fees
@@shazzthedon here in australia, the BNPL providers charge a percentage to the retailer, and the contract doesn’t allow the retailer to pass it on to that customer So EVERYONE has to pay jacked up prices because of it
You have non-trading apps like PayPal trying to get you to buy crypto now. Commercials are everywhere. The hype is unreal. But Bernie Madoff can keep a ponzi scheme going for 30 year so who knows what will happen?
The Avatar reference and the Raid Shadow Legends spoof 😂😂 I was feeling anxious today about Jeremy Grantham’s stock bubble warning & as a new investor I am now revisiting your videos since I find them educational. So all jokes aside, thank you!
Dude this is one of the best short videos I have ever seen xD Been following you guys for a while and MAN you keep getting better!! Keep up the good work. :)
funny and educational video as always. I can't help to relate this video to our current market 'mania'. I really wonder how long is our current bubble going to last.
The Dutch East India Company needs more finance videos than it gets. It was the world's only publicly traded COUNTRY. Owned and run by the Dutch government and managing their extensive overseas empire, and the subject of the world's first short and distort scheme.
This video is insane, one quick editing thing, idk how you can cut this but a 30 second intro is long for a fast paced video and to keep viewer retention I suggest you cut that in half by adding the part about the past and bubbles to the end. You need to hook the viewer earlier because with these 5 minute videos the viewer wants it cut short and sweet it see the main part of the video
Apparently Extra Credits History covered this bubble in fascinating detail several years ago on UA-cam. I only watched it today and can vouch that it was an entertaining series.
Happy Friday everyone! Visit www.newsoveraudio.com/bagel (or use coupon code PLAINBAGEL) to get a free 7 day trial of Noa's premium subscription, plus 37% off the annual fee.
could you do a video on the 1987 crash? I never fully understood what caused that.
The South Sea Company was the OG hype stock. Human nature never changes.
Would you like some Tulips?
Go buy Dink Doink
ok calling out bubbles is cool
you know what's cooler? making money
@You Famous last words
Newton made a small profit and sold, but regretted getting out too early and bought back in near the top (FOMO) and rode the shares down to the bottom. That’s how the South Sea Bubble broke Newton, a man who famously avoided company and didn’t pay much attention to the news.
Sir Isaac Newton would not survive the era of crypto currency lol
gravity at work
"ye olde goddamit"
This man, Sir Isaac Newton,
Created a revolution in physics and mathematics,
Created Newtonian mechanics, theory of light, Calculus, reflecting telescope,
Practically a genius worshipped by academics today,
Lost £20k in investing...
What in the f*** was he smoking.
If only there was some way to predict that things always tend towards a freefall. It could have helped him understand the gravity of the situation.
4:02 “Peddling this thing harder than Raid Shadow Legends is a free to play…”
and the stock takes off!
If you think speculation NOW is bad, just note the South Sea Company and Mississippi Companies each had market caps larger than all modern tech giants combined... BEFORE industrialization.
Can i have a source
@@greenthunder7982 Extra Credits History mentioned that the South Sea Company became so large relative to the economy of Great Britain that it would be a $85 trillion company at the same ratio today. To put that in perspective, Apple crossed the $2 trillion mark in 2021 and it's a profitable business, unlike the South Sea Company.
@@ajrobbins368 what the F.... That Muchh?!? dam... just imagining that much money is crazy lol
hm, not really. in relation to what? gdp? the total monetary supply? neither of these things are good indicators of how much something is actually worth.
some things never change lmao
I just about died when you mentioned raid shadow legends. I was laughing so hard. It was such a well placed thing. Great job.
100%! Just about lost my drink there!
Extra History did a short series on this topic a few years back. 5 episodes, each about 10 minutes. It's fantastic. This 5 minute summation skipped a lot of details, but was still great (even Extra History had to cut out some things). Keep up the good work!
It was Walpole!
I love how ISAAC NEWTON was one of the OG YOLO guys
Isaac Newton originally bought the stock, but sold it too early.
So he bought the stock again at the peak.
He was the OG FOMO.
PUMPING HARDER THAN “RAID SHADOW LEGENDS IS…”
This is now a comedy channel. Exquisite
"A surprise to be sure, but a welcome one." - Chancellor Palpatine
I sense darkside in this comment
Absolutely love the 5 minute history lessons. Being from Quebec I can appreciate the "screw toi" -cracked me up. Man this was fast though. Really well done all the same.
Fun Fact: The debt owed by Britain in 1711 wasn't fully paid until 2015. Yes. That's right.
But it WAS repaid? - Jack Sparrow
Isn't that the debt for buying all of the slaves in the British Empire to then turn around and set them free?
@@zyrohnmng DON'T ASK QUESTIONS YOU AREN'T PREPARED TO HANDLE THE ANSWERS TO! - Ms Puff
@@NooneStaar Yes.
That Raid Shadow Legends bit was gold lmao!
Thank you, Plain Bagel! I am glad you got to do this topic. Extra Credits did a great job on this topic as well.
Here is my recommendation for your next 5 minute history video: The Tulip stock market craze.
Walpole was here
You've outdone yourself this time Richard! This 5 Minute History Lesson is the best one yet!
The editing is pure gold
This video is a masterpiece. Well done, sir, well done.
This is a great TL;DR of the series Extra Credits/Extra History did on this a few years ago. Both are brilliant!!!
>10% down, no payments for a year
Kind of unrelated, but that quote brought this to mind: I often wonder if the surge over the past two years of "buy now, pay later" platforms is setting up a catastrophic bubble of bad credit.
Ie, which companies are recognizing revenue and when? Are retailers recognizing future revenue on the promise of payment from those platforms? Or are those platforms paying retailers in full and using debt to provide credit which could very well default?
Take everything I say with a grain of salt, I believe in australia BNPL takes a few percent cut from the sale, otherwise the retailer is paid in full
Interestingly, the contract between the two companies doesn’t allow the retailer to add that fee to the price (on an individual level, like credit card fees), but has to jack up the price for everyone including cash/credit card sales.
But the government is looking at legislating that clause out of existence
Thats definitely what's happening.
Retailers attract new customers that would otherwise be priced out. Creditors get new customers without a credit check. What you may consider sub prime credit debt.
Figures indicate most pay off bnpl debt in time without incurring fees
@@shazzthedon here in australia, the BNPL providers charge a percentage to the retailer, and the contract doesn’t allow the retailer to pass it on to that customer
So EVERYONE has to pay jacked up prices because of it
I love these 5 min history lessons. Can't wait for 30 years from now when you make the "Crypto bubble of the 2020s"
But, ThIs TiMe iS DiFfErEnT! 😅
I give it 3 years!
You have non-trading apps like PayPal trying to get you to buy crypto now. Commercials are everywhere. The hype is unreal. But Bernie Madoff can keep a ponzi scheme going for 30 year so who knows what will happen?
Lol 2020? Don't you mean 2017/2018
HAVE FUN STAYING POOR!
Finally a new one, I love the 5 minute history lessons.
Ok the raid thing you threw in there was golden
As a history teacher, I love the history lesson. And I appreciate the fun references, especially the Avatar/Jacobite one! Great video!
Great video! FYI for anyone interested, Extra Credits did a multi-video series on the South Sea Bubble a few years ago.
That raid shadow legends plug was immaculate,,, bravo
wohoo finally, i really love your financial history content!
These videos are always so worth the wait. Honestly top notch editing, great humour and succinct education. Keep it up!
Can we just take a moment to appreciate how informative and entertaining the Plain Bagel's history lessons are?
The editing/script/animations in this is phenomenal. Great video!!
The Avatar reference and the Raid Shadow Legends spoof 😂😂 I was feeling anxious today about Jeremy Grantham’s stock bubble warning & as a new investor I am now revisiting your videos since I find them educational. So all jokes aside, thank you!
“Peddling this thing harder than….. RAID Shadow Legends”
Once again The Plain Bagel pumping out incredible content
This video was brilliant! Great work
We need more of these.
It was Walpole.
Yes! SOMEONE had to post this!
This was fun. Thanks Bagel.
This editing was amazing :D
great videos! very well done
Thank you share the so interesting cartoon to teach past financial history.
Loved this one! Some fast paced humour in there.
Yes!! So glad to see you cover such an interesting topic in financial history
It is so interesting to look back in time to witness the early stages of the market. Thank you for the video. Bagel King for life!
Dude this is one of the best short videos I have ever seen xD Been following you guys for a while and MAN you keep getting better!! Keep up the good work. :)
5:32 today I learned that not even Isaac Newton was immune to being a dumbass stockbro.
Thank you, very entertaining👍🏼
I was unreasonably hyped to see this upload
thank you for bringing back 5 minute history lesson!!!
Such a great format I loved it!! I would gladly watch more of those!
welcomed change in style. thx for uploading m8
“The only material harder than diamond are Richard’s jokes.” - Sir Issac Newton (probably)
Dude! Make more of these
I LOVE THIS “STYLE”!
That would've been the best transition ever to a raid shadow legends ad. Would've been so perfect I'm slightly disappointed it didn't happen
Okay this was a really fun watch
This is incredible content. As a finance buff, i adore your content
Awesome!!! Been waiting on one of these!
That was Wild!
10/10
Love your history videos. This is an area you could really grow. Thanks for your hard work!
Your animations are so amazing keep it up!
funny and educational video as always. I can't help to relate this video to our current market 'mania'. I really wonder how long is our current bubble going to last.
Loving the Raid Shadow Legends bit
04:02 COMEDY GOLD!!!
Yay. Another 5 min lesson. I miss learnings.......
I like things. This was one of them.
The Dutch East India Company needs more finance videos than it gets. It was the world's only publicly traded COUNTRY. Owned and run by the Dutch government and managing their extensive overseas empire, and the subject of the world's first short and distort scheme.
This was so fun! Please do more!
Master piece
Did this man just plug raid shadow legends? This man is a legend
Patrick Boyle has a great video on the Mississippi Bubble
Great style of video can't wait for more low budget editing like this in the future
Uber- the 21st century South Seas Ride Trading Company
LOVE this channel! Do more!
4:12 "If shoeshine boys are giving stock tips, then it's time to get out of the market."
I love your history lessons keep up the great work
Id really like to see a 5 min History on the Tulip Mania bubble. That would be awesome
I got a good laugh out of that and learned something. Thanks!😂
Anyone else remember seeing this from Extra Credits / Extra History?
Great vid. Super quick
I had to watch this at 0.75x speed
Here before this video blows up because it’s going to 😂
If you're finished with watching this video theres another great one about the topic from extra credits/history
Link for anyone interested: ua-cam.com/play/PL931Bkj5KLMtJ4AMegQtekqKcCy14FCec.html
Really good series to learn the political repercussions for plunging Great Britain into the financial crisis after the south seas bubble popped.
These are amazing
lmao that raid shadow legends insert xD
This was great!
Honestly I would love to have been in the studio when he said "take that Law" 😂 . Great vid as always.
You can tell that Richard had a lot of fun making this video.
It was Walpole
This video is insane, one quick editing thing, idk how you can cut this but a 30 second intro is long for a fast paced video and to keep viewer retention I suggest you cut that in half by adding the part about the past and bubbles to the end. You need to hook the viewer earlier because with these 5 minute videos the viewer wants it cut short and sweet it see the main part of the video
History is such a great educator, I'm confident we'd never allow something insane like this to happen again. Oh.... politics... crap....
IT WAS WALPOLE!!
finally another 5 minute history lesson
More of this boss
Surprised but a welcome one nonetheless.
Erm- are you the long lost twin of the guy from “that chapter”
Watch Extra Credits mini series on the south sea bubble, the finance side might not be as accurate but it’s entertaining though.
It was a great lessons . It can be better if you talk slower and extend the video time. These kind of lessons is really enjoyable.
For more detail you should watch the extra history series in this .British:Fight everyone
Apparently Extra Credits History covered this bubble in fascinating detail several years ago on UA-cam. I only watched it today and can vouch that it was an entertaining series.
And remember. It was Walpole. Walpole is inevitable.
The extraction of silver from lead is/was actually a reasonably good process...
Thank you for the raid shadow legends joke