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@bhuvaneshs.k638

3 жыл бұрын

Please do a video on Controlled Nuclear Fusion Technologies and how it'll impact the society

@colincooper4980

3 жыл бұрын

Congrats on half a million subs mate

@SeysFlosse

3 жыл бұрын

I submitted a very similiar video idea back when you started the competition. Not saying you owe me anything or so, the rules were also pretty clear and I would have put the money to charity anyway. Funnily enough I'm also a watch guy. So I would like to offer you the following: Let's safe our next watch purchase for another time and give the money to charity! If you will donate 500 bucks I will match them and donate them as well. :) Anyway, great content, keep going!

@blairmatthews2761

3 жыл бұрын

Video idea: “golden handcuffs” for lawyers - the path to law school lured in to big law a lot of money and a lot of debt and a lot of spending…

@SimonTangers

3 жыл бұрын

Does storyblocks let you upload copyrighted HBO footage?

Since the main point of luxury items is to show off wealth, it's extremely easy for those who sell them to make a huge profit since the more overvalued they are the more they fit their purpose.

@crimsonite1524

3 жыл бұрын

the premium market segment is the best priced of all the segments, quality meets the price, the luxury segment is overpriced and the mass marketed segment is low quality

@william_SMMA

3 жыл бұрын

Yup And most of those items cost $300-$500 to make even with all the diamonds (actual cost not imposed value) And they sell them for , $30,000 - $3,000,000 Profit margins in outer space

@Ibrahim-vx5kq

3 жыл бұрын

@@william_SMMA literally,£500 for a t-shirt that uses the same quality as a £100 shirt or probably just a normal nike t shirt that costs £25

@cautarepvp2079

3 жыл бұрын

@@Ibrahim-vx5kq what does 100 have compared to a 25 one??

@porto1st

3 жыл бұрын

@@cautarepvp2079 colour and material quality doesn’t fade after repeated washing, better quality fabric, fits better

This guy's wealth shows how badly people want to seem rich and how badly people want validation from others

@FamousFelix08

3 жыл бұрын

It’s human nature. He banked off peoples needs of validation. People worked for him cause he validated them. He made them seem like they matter. Which is important. If something you wear makes you feel like you matter... or validates you period.. you’d buy it no? Or if someone you confide in Can do this youd listen to them no?

@kylekennedy420

3 жыл бұрын

He found how to hack the brain’s reward system, how to make people feel better and made an absolute killing doing it. It’s no small feat. And he also basically monopolised the luxury space, so there’s that too.

@devillif311

3 жыл бұрын

@@FamousFelix08 Materialistic things should not make you feel validated

@FamousFelix08

3 жыл бұрын

@@devillif311 you are right. Yes but that’s just not how it is

@devillif311

3 жыл бұрын

@@FamousFelix08 Sadly to the majority. Hope people wake up to this fact. itll make the world a whole lot happier

"The things you own end up owning you." Tyler Durden

@vietimports

3 жыл бұрын

there's a book on this called The Theory of the Leisure Class: An Economic Study of Institutions about conspicuous consumption. its basically about how rich people are always the downfall of society, every time

@RealLukifer

3 жыл бұрын

@pinned by Jake Tran this is a scam, don't fall for it.

@nhdarling2

3 жыл бұрын

"Quote here" - fictional character

@amiracleone2803

3 жыл бұрын

My thoughts exactly.

@mrpoxycat3967

3 жыл бұрын

and Ted K

Remember boys! "Learn what to avoid through the misfortunes of others"

@autozone5695

3 жыл бұрын

Amen brother

@spycraft1842

3 жыл бұрын

@Pinned by Jake Tran NO

@carltonmiller6701

2 жыл бұрын

Thanks bro

@Otzkar

2 жыл бұрын

I'll avoid being poor by seeing other people be poor?

Having rich parents who own a company seems to be a pretty important step in success it seems

@mr.l8527

3 жыл бұрын

Kind of an odd way to look at it, considering the parents or grandparents likely didn't begin as wealthy business owners, themselves. All it actually does is give an individual a bit of a "head start" - assuming they use their lot in life intelligently. Most family wealth is gone within 3 generations. The ones that keep the wealth and/or increase it over time are often the families that are involved on some lucrative field and perpetuate perfectionism and a ridiculous work ethic among themselves. ...Also, the top 1% aren't the same people. They change every decade as they are replaced with the next uber-successful business/entrepreneur.

@mclilzenthepoet2331

3 жыл бұрын

​@@mr.l8527 your acting as if knowledge of how to run the business is suddenly gone and not passed down to make sure the family's wealth never dies

@wynn579

3 жыл бұрын

@@mr.l8527 this is true, but it definitely is an advantage

@millerturq4418

3 жыл бұрын

@@mr.l8527 Being the child of business owners means you grow up learning their mentality, their habits/routines, their lifestyle, and their decision making. It's a pretty big advantage. I witnessed this firsthand growing up as the poor kid in a private school and running a business myself. Regardless, the facts you mention are still good points.

@narutohenaruto

3 жыл бұрын

not for everyone, it depends on the person, if the person who inherits has a wrong understanding of the world then that fortune will be lost. so, its good to acknowledge that it takes a lot for anyone to succeed in life. inheriting money will save a lot of time and effort for sure, but then you need to know how to keep it.

“People suffer at the thought of being without parents, without food, or without worth. Yet in losing, much is gained and, in gaining, much is lost.” Lao Tzu

@bluerabbitjeevs

3 жыл бұрын

Hey I'm an idiot, can someone explain this?

@seperfecto6677

3 жыл бұрын

@@bluerabbitjeevs everything has its polarity, for everything that you gain some thing is lost. In the chase for materialistic possessions, high status, and monetary riches you loose a big part of your youth, time with family and friends, etc. (Everything has its price) In my opinion you must make the choice as an individual and measure if what you are winning is more worthy than what you are loosing. Try too keep balance Know that no matter who you are or what you do, nothing lasts forever and you are going to die, there is no heaven and no hell those are just perceived present perspectives, so be (not do) be whatever brings you into your own heaven.

@spacenodus7959

3 жыл бұрын

@@seperfecto6677 also freedom since you worry so much about what could happen to your possessions

@seperfecto6677

3 жыл бұрын

@@spacenodus7959 True , “if you overvalue possessions, people begin too steal” “throw away industry and profit and there won’t be any thieves”

@seperfecto6677

3 жыл бұрын

@@spacenodus7959 Or in more simple terms like tyler durden said “the things you own end up owning you”

This guy has an impressive story. Taking control of LVMH like he did was impressive !

@zagrosqazy3798

3 жыл бұрын

i will fucking shet on your brain sense your brian is full of it

@Bowlyful

3 жыл бұрын

@@zagrosqazy3798 God ! Not my poor Brian, he is full of "shet" !

@j4genius961

3 жыл бұрын

It's a rather classical billionaire story, born a multi- millionaire, screwed up thousands/millions of people on his rise to the top and voila! Oh, and don't forget to call yourself "self made"

@guillaumegiroux9425

3 жыл бұрын

He was already wealthy from his parents business and bought a french state-owned company for pennies on a dollar at the right time at the right place. He’s good and ruthless indeed, and runs a business where people approve of those « survival of the fittest » lifestyle, but it’s luck that catapulted him where he was, he would just be a shop owner otherwise. Plus, the growth of LVMH in the last 30 years came from, oh yeah, China. What a great timing. I prefer Elon Musk.

@Bowlyful

3 жыл бұрын

​@@j4genius961 Well to be fair, it's true that he inherited his dad medium size construction compagny when he was yong. But to say that he doesn't deserve credit while he entered a completly foreign buissness and make it one the biggest compagny on the planet is not fair for me. For context there is currently arrond 50 milions milionnaire on earth while there is only arrond 3000 bilionnaires. To rise from this first category to the second in one generation is still quite impressive. I mean Mark Zuckerberg who start from zero for exemple is more impressive but still, it's pretty impressive. As for the argument "screwing thousand/milions of people" I don't really understand, he is selling luxury good. People can live without it, nobody has been force to do a purchase. If he had srewed anyone it sould be other executive but that's how it works in buisness so I won't cry for them. But to be clear I think even if his career is impressive I think the bilionaires should be taxed a lot more because it's not normal for single human being to focus this much weath.

I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?

@AbubakaCalo

2 жыл бұрын

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

@AbubakaCalo

2 жыл бұрын

Crypto is the future and investing in it is a good idea

@AbubakaCalo

2 жыл бұрын

Bitcoin is the future

@abdullahshaikh9816

2 жыл бұрын

Bruh, another scammer thread, tf.

Wrote a paper on LVMH for my first year and went in depth on him. Arnault is a ruthless genius.

@waw7fixed9

2 жыл бұрын

Can you share the paper please?

@cielhill9049

2 жыл бұрын

Please share the paper it'd be lovely if I could read it.

@Gh3tt0Gam3r

2 жыл бұрын

Please share!

@CHICKENNUGGET69360

2 жыл бұрын

Checked the databases, seems like paper is too bad to be published lmao. Basically nonexistent.

@Pharoah2

2 жыл бұрын

@@CHICKENNUGGET69360 “checked the databases” which ones lmao. And the dude said he wrote it in first year, didnt say he submitted it to a conference or journal. What academic databases did you check that would even have a paper about a fashion tycoon 💀

The interesting thing is that Bernard Arnault both sells and buys luxury goods. All these yachts and homes and art are all the same sorts of luxury goods he is selling, and all almost definitely have luxury margins on them.

@cuddlemuffin.9545

3 жыл бұрын

Infinite money loophole?

@anguluth2878

3 жыл бұрын

Totally right. He's buying goods to show social status just like his customers are doing with the products he sells. Only difference is that he's far from being broke buying luxury goods. He earns more than he can spends in his lifetime. Congrats on his business skills. But nobody needs that much money..

@kylekennedy420

3 жыл бұрын

It’s all about the margins and the image. If you’re spending more than you can afford to portray a certain image then you’re the sucker. But if you’re spending a fraction of your earnings to maintain a successful image that will probably make you more money, how can you lose?

@gidd

3 жыл бұрын

@@anguluth2878 lemme guess you're one of the "distribute the rich's wealth" people

@Kannot2023

3 жыл бұрын

You can't be in rags and sell luxury. He is the guru of luxury

Interesting video, but I didn't see a lot about the ruthless "wolf" part. It was more of a "he saw an opportunity and took it". Felt abit too happy.

@gidd

3 жыл бұрын

That was for clicks

@johan1471

3 жыл бұрын

opportunity alone doesn't create that level of success, the wolf of cashmere was coined on him way before this channel even was created, taking over 70 luxury companies under one group is not opportunity business world doesn't work like that he mostly had to tear them out from other competition that also wanted to make same acquisitions

@spycraft1842

3 жыл бұрын

@pinned by Jake Tran NO

@JstJaybeingJay

3 жыл бұрын

He back stabbed Luis Vuittons ceo during the Hennessy merger to take control of the LVMH. Checkout the Luis Vuittons story.

@lilas8217

3 жыл бұрын

He uses sl@ve labour. But all billionaires use it (and yes, that includes Elon Musk), so it doesn't make him any more of a wolf than anybody else is.

It’s signaling for sexual selection and social hierarchy determination. This man leveraged the more primal parts of our minds to become ultra wealthy.

@johnl.7754

3 жыл бұрын

Exactly that’s why digital “art” won’t really take off among the rich because how are you going to show it off the women

@roverrange3674

3 жыл бұрын

@@johnl.7754 I saw an interesting twist on that. People selling NFT Fashion filters. Those you actually can show off on social media (which is more important to many people anyway). They look pretty dope too ngl.

@Joey-te1uy

3 жыл бұрын

You’re analysis is insightful

@Ctrl_Plus_F

3 жыл бұрын

Have a large screen showing it off lmao

@Archonsx

3 жыл бұрын

mmm no, expensive things look nice, what would you rather have? a high end beautiful mercedes or a crappy toyota? a mansion with the best luxury inside, or a crappy apartment with 1 room? if you have the money, there’s nothing wrong with elevating your lifestyle, it’s about preference, it has nothing to do with the sexual crap. But i do agree some of those expensive clothing brands are no different than a cheap h&m or second hand, and are only “valuable” because of the brand name.

“He gave me a sense of business “ as well as an entire already functioning business

@ibraheemkhan7134

3 жыл бұрын

Giving me Gary Vee vibes...

The margin in tech is hilariously out of the world Until anyone saw the margin on luxury goods

@sourishsaha8067

3 жыл бұрын

@@SourceHades Nice idea let's start together bro🤣. I am from tech background are you from luxury goods?!

@sudarshan3965

3 жыл бұрын

Consumer base of tech company are 7 billion people. While consumer base for luxury products is only top 1 or 2 % max

@personontheinternet2164

3 жыл бұрын

@@SourceHades Apple already exists

@azrulashraf00

3 жыл бұрын

@@SourceHades invest in personal robot company lol

@artofexistance

3 жыл бұрын

@@sourishsaha8067 yes

I never get why LV and Gucci are called luxury brand when they barely make their own products and sell a crap ton of cheap material products. Its hilarious how people get tricked into buy fake luxury brand products.

@muymuy777

2 жыл бұрын

Thank goodness you said it out loud. I was thinking this whole time and keeping it to myself.. that those luxury brands make some seriously ugly and boring stuff!! Luckily I guess, I strictly do not invest in luxury. I don't know why for some reason I find Hermes bags unappealing.. it's just me, my personal opinion. No offense to the designers!!

@dianaindica4863

2 жыл бұрын

thats how the world works, the ones buying it know as well but they do it regardless

@annabarr1304

2 жыл бұрын

Gucci is owned by Kering group, Pinault is second richest man in France around 150 billion, but everyone just knows his wife!

Suggesting that all people in power are smart is wild

@thomasluck5955

3 жыл бұрын

You don’t have to be a genius to be successful or even rich.

@jonathanmontes8554

3 жыл бұрын

Compared to the avarage joe, they kinda are. Unless they where just born in to it.

@Flameapollo12

3 жыл бұрын

U rich?

@Flameapollo12

3 жыл бұрын

Rhetorical question, I know you’re not.

@charminarchaupal

3 жыл бұрын

You are clearly not smart

"The things you own end up owning you" said by a legend 20 years before in a cheap bar.

@shyeleganttrick2949

3 жыл бұрын

@Pinned by Jake Tran uhh...

@kubasniak

2 жыл бұрын

Quote of the poor and low social status who lost the game and couldn't do it so they bail out leaving the spot for stronger and better, winners.

Congrats on half a million subscribers you deserve it

There’s a popular automotive journalist/KZreadr “TheSmokingTire” (Matt Farrah), whose dad led the sale Tiffany & Co. to LVMH. Crazy shit.

Congrats on half a million subs man! Been following since the beginning and I’m very proud to see you succeeding! 🎉

never thought I'd see a becker and jake tran collab, amazing stuff!!! been watching both of you guys for years

The guy is a genius businessman. Using people’s desires against them.

The amount of drive and knowledge I get from watching your videos is amazing thank you

Jake, your storytelling abilities continue to elevate. Keep it up!

@Aristocratic13

3 жыл бұрын

But he sometimes uses poor choice of words

People need to accept that a game is being played in regards to being successful. The average individual is playing at a fairly low level and similar to education, the higher you go, the higher the price. Once you accept that its a game you can determine how much you are willing to pay to play at the level you desire. Once there, you buy the luxury items, not for yourself entirely, but partially for others who value them more than you do. Great video, thank you!

Ooo I love the portion of the Video Featuring Alex Becker's Video! That video flipped my perspective so heavily on the bigger picture of spending. Keep it up Jake, another banger as usual!

I work for a company selling Kiton & Cesare Attolini suits - They start at $5k new. There is absolutely value in a $5k suit. The difference is unbelievable (coming from someone who was not into fashion at all until I started this job)

Love Alex Beckers vids. Def worth a watch. Good on you for linking

Jake keep up the goodwork man, really loving your content

Rich people really like to think they're rich because they're smart, don't they?... 😂

@ashuranero5721

3 жыл бұрын

They are tho

@edizon204

3 жыл бұрын

They think outside the box and usually have strong will cuz they're against the odds when starting out. I'll say yes

@yethir7327

3 жыл бұрын

@@edizon204 no, I am from a family of a millionaire and I would tell you that's the biggest BS in the world.

@akhilmenoj8767

3 жыл бұрын

I would say the word smart is subjective.

@edizon204

3 жыл бұрын

@@yethir7327 Biggest BS? might be an exaggeration. Since ur born into one and not starting out as a middle class, yes?

Overpriced junk that has no value? NFT's have entered the chat.

@travisfubu9053

3 жыл бұрын

NFT's and art is literally a money laundring/tax evasion scheme

I love that the first half of the video was about the reason why people buy luxury items and services, and then talk about the one of the man capitalized this area of business.

Congratulations on 500k, someone once said that "Success is not final; failure is not fatal: It is the courage to continue that count, and once you spy on jake Tran you will know how to rule the world"- Sun Tzu probably Winston S. Churchill: Yeah probably! angry face

@San_Deep2501

3 жыл бұрын

@Pinned by Jake Tran fuck off

4:40 The whole "smart people run society" model breaks down when such people can be convinced to give a way huge sums of money to buy Veblen goods, i.e. goods that are only valuable because of being priced so as to be unaffordable to the majority of people. So maybe for "smart people" one might substitute "rich people."

@noelcollins2355

3 жыл бұрын

Economics student...at least you are taking your lessons seriously.

@DIO-ls7zi

3 жыл бұрын

Jakey is just fueling the idea that rich people are these gods that should be worshipped and is a massive capitalist cheerleader

@tjij-mbai

3 жыл бұрын

It starts much sooner than that.... 4:00

@Nobody-tu5wt

2 жыл бұрын

Rich people hire smart people

@mistiroberts1576

2 жыл бұрын

Not to mention that if smart people = rich then does dumb people = poor?

Congratulations for 500.000!!! Keep up high quality content.

What an awesome and well-explained video, thanks !

You are beyond your years in understanding the real world around you. I'm thankful you are showing others the cracks in the system.

500k! Congrats Jake. Working towards that same goal with my personal finance channel

I really enjoy your videos. They're all very well done and informative. I'm curious why you have footage from Billions in like every single video tho.

Never trust someone who comes to wealth through fashion.

Would love to see a documentary like this on George soros.

@anaklusmosgreek3198

3 жыл бұрын

"The Man who broke the England Bank." - Jake Tran

@asheru9254

3 жыл бұрын

👃

@subhamjha6562

3 жыл бұрын

Yes me too.

@hamdankhan319

3 жыл бұрын

@@asheru9254 👏

@alphabeta8610

2 жыл бұрын

@@mikhael636 rich don't pay taxes. They have an army of lawyers and accountants to find loopholes in tax laws.

Good job on 500K subscribers, been watching all your videos and they are all very helpful! ❤️

Such a great video and so true on all the levels Thanks for sharing

I was not going to invest in fashion and luxury, but this video gives me that unrefutable reminder that everyone is a sucker for the shiny fancy things, and business will always be booming. A quick look at the stock shows a steady grow.

🤯 Great content, keep it up mate 👏

One producer of luxury jeans once said: « a lady will not wear the same jeans than her maid »

That's when you have to realize that the money we have is really just paper, so having paper without the intent of putting that paper to use, makes the paper useless to you.

@cyrusthegreat7030

3 жыл бұрын

@Pinned by Jake Tran do you think we are stupid or something?

@ibraheemkhan7134

3 жыл бұрын

Yet using the paper makes you a slave to the rich people, can you ever win?

@ameenabdullah3712

3 жыл бұрын

There's no paper , only bank statements. . Nothing is as it seems if we do not know much better about it especially finance .the money creation process. Is actually when commercial banks give loans . We tend to think banks live off interest payments by loan takers ,in actual banks create money out of thin air ,by a process known as FRACTIONAL RESERVE SYSTEM FRS ,and moreover charge interest on it. They actually need to just tap on keyboard to increase the bank statement when they give out loan. Currencies only account for less than 3 % of the economy. Checkout Mike moleney series ,just search youtube . If you need more resources just comment.

@haniabdi1989

3 жыл бұрын

It's about more than practical use it's about public appearance as well since that usually has more advantages than what you can buy directly with money

@tomlxyz

3 жыл бұрын

@@ameenabdullah3712 it's not created out of thin air, it's backed by someone paying it back eventually. It's like bonds, their values comes from being paid back. And as long as the default rate is below the interest rate the whole system is stable and the value justified

Imagine the guy Speaking on purpose in a french - english accent to sound more exclusive. When he was younger his english was more American and fluent.

It's funny how the wolf of cashmere himself is wearing an innovative smartwatch instead of an overpriced luxury watch with shiny rocks

General rule of thumb in the premium and luxury market; the more popular the brand, the less value for money.

Congrats on 500k subscribers! Cheers!!

Damn I was waiting for one of the KZreadrs I follow to cover this guy, good shit Jake Tran

I don't need to pay for subscription to watch ,, billions". I almost watch the entire seasons in your videos 🤣

That was really good, thank you for creating this video very appreciative

@user-rb3nv5ct4p

3 жыл бұрын

Thanks for your feedback. For more profits and guidance.... W....H....A....T....S....A....P....P +....1....2....1....5....6....6....6....7....7....9....0

My day is always made 100% better when you pop up in my subscriptions box, keep it up!!

When you invest, you're buying a day you don't have to work

@kelvinpeter8640

3 жыл бұрын

@Mr Beast You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

@mbalimaka6393

3 жыл бұрын

@@kelvinpeter8640 It's not ignorance but due to some unprofessional broker in the market

@royalhighness8383

3 жыл бұрын

I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

@claresmithy4667

3 жыл бұрын

Most people venture into crypto currency to be a millionaire meanwhile I just want to be debt free and live comfortably

@oliviagreg5298

3 жыл бұрын

I'm new to this Bitcoin trading, how do I get started with a professional expert

Stop calling them "smart people" call them "Capitalist"

That alex becker extract was on point. That was exactly the video i had in mind.

Dude u are a fantastic documentarian keep up the good work

Excellent work as always, Jake! I have no idea how LVMH isn’t being broken up by anti-trust law in Europe and in the US. It’s basically a luxury monopoly.

@MissGourmandefr

2 жыл бұрын

No, Kering and Richemont are also in the industry and have their shares. Individuals too like Chanel. So they don’t have monopoly even though they’re n*1

Love the Alex Becker shout-out! He has some great content

Congrats on 500k!

Alex Becker is dope, great that you put his footage in this video.

The fact that you put Alex becker in this episode tells me that you did your research, well done sir 👏👍🙌.

@1q3er5

3 жыл бұрын

haha i was like no way beckers in the vid

@supsoul7235

3 жыл бұрын

@@1q3er5 the most woke empty house miliolonaire billionaire

Respect to that guy. Objectively impressive what he managed to achieve

Your video are so additive. I love them so much. I can't wait for next month

@amariyajames9469

3 жыл бұрын

@Pinned by Jake Tran not sure what the number mean but thanks for replying

Can’t wait till Jake hits a million subs. He’s definitely earned it with these entertaining and informative videos!

@johnl.7754

3 жыл бұрын

He’ll probably buy himself a Rolex watch when he does

Love to see other Bernards going big things. : )

Grats on 500k been with you since the beginning!

@user-rb3nv5ct4p

3 жыл бұрын

Thanks for your feedback. For more profits and guidance. W....H....A....T....S....A....P....P +....1....2....1....5....6....6....6....7....7....9....0

Congrats on 500k subs 🥳

"The less you own, the less you're owned," anonymous

Replace "smart" with psychopaths

Alex Becker has an amazing channel. Love his content as much as Jake Tran’s!

Congrats on 500k

Jake tran dropping the ball hard on why people buy luxury goods

My Man Alex Dropping wisedom...I miss these kind of videos that he used to make... too bad he is getting sucked into crypto lately ...

@pravesh917

3 жыл бұрын

He keeps buying the dip

@1q3er5

3 жыл бұрын

and what's wrong with crypto - still love his vids

Congratulations on 500k!

Great vid!

floyd mayweather needs to learn this... says he's set for life, but does legacy ruining events to buy a 40th lambo.

@immaculatesquid

3 жыл бұрын

okay but even with depreciation factored in he could prob sell all the shit he's bought for 100 million. Sure he wasted 300 million in the process but 100 million is still enough to set you and yours for life if you don't do the same stupid crap twice.

@roseoverdose6451

3 жыл бұрын

@@immaculatesquid i'd rather have dignity, than possessions. he just looks like a greedy fool, it's not cool.

@GGWP-nx3kn

3 жыл бұрын

He’ll box the Paul brothers to make up for thise expenses, lel. He’s fine. His daughter on the other hand… 🤔😬

@roseoverdose6451

3 жыл бұрын

@Mister mister It can't be bought... has to be earned and it's what you are remembered for after you're gone.

@roseoverdose6451

3 жыл бұрын

@@aryannahar definitely not a fan. his fights are boring and he openly admits to "robbing" people who pay to watch his fights. He's a pretty trash human... but he did have a good boxing record and legacy. Too bad he's too stupid to realize there are more important things in life than money.

Funny how I just saw a documentary on the rise, fall and reinvention of LV just a couple days ago

Great Video Jake!

These vids are Pure Golden Nuggets. I learn what i never knew i wanted to learn

I disagree with you on this one. Many “luxury goods” actually provide more than just the shiny image. Supercars tend to be an achievement of technology and ingenuity, watches (some I may say) are more than just about adding diamonds on top of gold, there’s traditional craftsmanship and innovation in the technology, materials and production behind it. There are arbitrary luxury goods, sure, like a leather purse that really adds nothing and will just disintegrate over time. If you take luxury goods under the scope of “they’re only worth something because people are willing to pay to show them off”, then yes, they’re worthless. But many luxury goods are more than just the bling, and high-value luxury goods like mansions and yachts can be leveraged financially, so they can be a smart way of managing your money. As to whether they are essential to your life, of course not. But that doesn’t make them worthless.

@MissGourmandefr

2 жыл бұрын

Exactly !!

@KFC_Pyongyang_AssistantManager

2 жыл бұрын

A lot of hermes purses are actually investments, the limited editions appreciate in value. The birkin has higher returns than the S&P 500

Can you do more videos like this. What they are actually selling and an influential person who is winning in this game

500k!!!! let’s goo jake!

CONGRATS ON 500K

Hey Jake ! You should do one about the “Mohn” family and their ties to the Nazis, leading to how they now run the American educational system today ! That would be very very interesting.

It seems he looked at those products that people with large amounts of "disposable income" don't tend to worry about the prices of. An investor will haggle over the price of real estate, but not over the price of Hennessy at a 5-Star restaurant. They may haggle over the price of a collectable car or a custom yacht, but not over the cost of haute couture for their young arm-candy second wife. Etc.. Interesting strategy.

One of my favorite KZreadrs (you) putting in a clip from one of my other favorite KZreadrs (alex becker) really made my day

this is very very smart man. Thanks jake and your friend,

"all rich people are smart" lol

Born on third base and thought he hit a home run but he did well with what cards he was delt 👍

@Trizzer89

3 жыл бұрын

I'd say becoming the third richest is still a homerun lol. Multiplying wealth by 100k. That would be like a middle class person reaching 500 million

Brilliant video! 👏

Hey Jake- I loved this video; one video essay I idea I had was on The Money Behind Fraternities in the US.

@angelherrera9370

3 жыл бұрын

That’s a good one

Love your videos Jake, the French pronunciations weren't easy huh ;)

7:20 "the things you own, end up owning you"

Incredible as always

Congratulation reaching 500k subscribers jake tran

“To make luxury salaries you need to sell luxury goods.”