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.

@jamsum7215

2 жыл бұрын

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.

@zyrohnmng

2 жыл бұрын

Would you like some Tulips?

@Danielkaas94

2 жыл бұрын

Go buy Dink Doink

@johnpulawski35

2 жыл бұрын

ok calling out bubbles is cool you know what's cooler? making money

@Abedchess

2 жыл бұрын

@You Famous last words

4:02 “Peddling this thing harder than Raid Shadow Legends is a free to play…”

@tomlxyz

2 жыл бұрын

and the stock takes off!

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.

@Voodoo3397

2 жыл бұрын

Sir Isaac Newton would not survive the era of crypto currency lol

@anilagarwal3985

2 жыл бұрын

gravity at work

@shaynehughes6645

2 жыл бұрын

"ye olde goddamit"

@Abedchess

2 жыл бұрын

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.

@LendriMujina

Жыл бұрын

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.

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

2 жыл бұрын

Can i have a source

@ajrobbins368

2 жыл бұрын

@@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.

@surajkumar-uo1xp

2 жыл бұрын

@@ajrobbins368 what the F.... That Muchh?!? dam... just imagining that much money is crazy lol

@obviouslymatt6452

2 жыл бұрын

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.

@MinefighterLP

2 жыл бұрын

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.

@RhejMacTavish

2 жыл бұрын

100%! Just about lost my drink there!

I love how ISAAC NEWTON was one of the OG YOLO guys

@Abedchess

2 жыл бұрын

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.

"A surprise to be sure, but a welcome one." - Chancellor Palpatine

@panjiwidyasmara1112

2 жыл бұрын

I sense darkside in this comment

Fun Fact: The debt owed by Britain in 1711 wasn't fully paid until 2015. Yes. That's right.

@zyrohnmng

2 жыл бұрын

But it WAS repaid? - Jack Sparrow

@NooneStaar

2 жыл бұрын

Isn't that the debt for buying all of the slaves in the British Empire to then turn around and set them free?

@Toonrick12

2 жыл бұрын

@@zyrohnmng DON'T ASK QUESTIONS YOU AREN'T PREPARED TO HANDLE THE ANSWERS TO! - Ms Puff

I love these 5 min history lessons. Can't wait for 30 years from now when you make the "Crypto bubble of the 2020s"

@bigboss337

2 жыл бұрын

But, ThIs TiMe iS DiFfErEnT! 😅

@TheSquirrelSam

2 жыл бұрын

I give it 3 years!

@sor3999

2 жыл бұрын

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?

@blue7lvn245

2 жыл бұрын

Lol 2020? Don't you mean 2017/2018

@spyros07

2 жыл бұрын

HAVE FUN STAYING POOR!

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!

@cubfan0062

Ай бұрын

It was Walpole!

That Raid Shadow Legends bit was gold lmao!

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?

@thomasa5619

2 жыл бұрын

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

@TrashwareArt

2 жыл бұрын

Thats definitely what's happening.

@shazzthedon

2 жыл бұрын

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

@thomasa5619

2 жыл бұрын

@@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

“Peddling this thing harder than….. RAID Shadow Legends”

5:32 today I learned that not even Isaac Newton was immune to being a dumbass stockbro.

It was Walpole.

@darreljones8645

2 жыл бұрын

Yes! SOMEONE had to post this!

“The only material harder than diamond are Richard’s jokes.” - Sir Issac Newton (probably)

Thank you, Plain Bagel! I am glad you got to do this topic. Extra Credits did a great job on this topic as well.

@politicscommentator

2 жыл бұрын

Here is my recommendation for your next 5 minute history video: The Tulip stock market craze.

@hndrwn

2 жыл бұрын

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

These videos are always so worth the wait. Honestly top notch editing, great humour and succinct education. Keep it up!

PUMPING HARDER THAN “RAID SHADOW LEGENDS IS…” This is now a comedy channel. Exquisite

The editing/script/animations in this is phenomenal. Great video!!

Finally a new one, I love the 5 minute history lessons.

Such a great format I loved it!! I would gladly watch more of those!

This video is a masterpiece. Well done, sir, well done.

wohoo finally, i really love your financial history content!

Yes!! So glad to see you cover such an interesting topic in financial history

This video was brilliant! Great work

Love your history videos. This is an area you could really grow. Thanks for your hard work!

Awesome!!! Been waiting on one of these!

As a history teacher, I love the history lesson. And I appreciate the fun references, especially the Avatar/Jacobite one! Great video!

This was fun. Thanks Bagel.

LOVE this channel! Do more!

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. :)

This editing was amazing :D

great videos! very well done

This was so fun! Please do more!

Once again The Plain Bagel pumping out incredible content

Your animations are so amazing keep it up!

Can we just take a moment to appreciate how informative and entertaining the Plain Bagel's history lessons are?

This is a great TL;DR of the series Extra Credits/Extra History did on this a few years ago. Both are brilliant!!!

Loved this one! Some fast paced humour in there.

That raid shadow legends plug was immaculate,,, bravo

Great video! FYI for anyone interested, Extra Credits did a multi-video series on the South Sea Bubble a few years ago.

Thank you, very entertaining👍🏼

I love your history lessons keep up the great work

Uber- the 21st century South Seas Ride Trading Company

We need more of these.

I was unreasonably hyped to see this upload

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!

thank you for bringing back 5 minute history lesson!!!

Dude! Make more of these

Great vid. Super quick

Okay this was a really fun watch

These are amazing

welcomed change in style. thx for uploading m8

Great style of video can't wait for more low budget editing like this in the future

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!

This is incredible content. As a finance buff, i adore your content

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.

This was great!

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

That was Wild! 10/10

I LOVE THIS “STYLE”!

Thank you share the so interesting cartoon to teach past financial history.

Master piece

Ok the raid thing you threw in there was golden

I got a good laugh out of that and learned something. Thanks!😂

Yay. Another 5 min lesson. I miss learnings.......

4:12 "If shoeshine boys are giving stock tips, then it's time to get out of the market."

Honestly I would love to have been in the studio when he said "take that Law" 😂 . Great vid as always.

Erm- are you the long lost twin of the guy from “that chapter”

You can tell that Richard had a lot of fun making this video.

04:02 COMEDY GOLD!!!

I like things. This was one of them.

Id really like to see a 5 min History on the Tulip Mania bubble. That would be awesome

Did this man just plug raid shadow legends? This man is a legend

​If you're finished with watching this video theres another great one about the topic from extra credits/history

@danimalforlife

2 жыл бұрын

Link for anyone interested: kzread.info/head/PL931Bkj5KLMtJ4AMegQtekqKcCy14FCec

@afrozen10-02

2 жыл бұрын

Really good series to learn the political repercussions for plunging Great Britain into the financial crisis after the south seas bubble popped.

finally another 5 minute history lesson

Loving the Raid Shadow Legends bit

And remember. It was Walpole. Walpole is inevitable.

More of this boss Surprised but a welcome one nonetheless.

Patrick Boyle has a great video on the Mississippi Bubble

lmao that raid shadow legends insert xD

Great video! Never heard of the south seas company

@Harry-kk6qf

Жыл бұрын

South Sea bubble used to be a standard part of history lessons for children in England

@paddaydaddy

Жыл бұрын

@@Harry-kk6qf good to know

It was Walpole

You should check out the birth of the business cycle by Philip mirowski. Good book and talks about this history!

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.

Anyone else remember seeing this from Extra Credits / Extra History?

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

You should do a deep dive on the various arbitrage strategies, while generally reserved for companies, I think it would be really intersting to hear your take.

What program are you using to make the animations for your videos?

Hola, si hablas español y te interesa esta burbuja, al igual que otras, y por qué los humanos siempre caemos en lo mismo, os recomiendo el libro "El hombre que cambio su casa por un tulipán". En el, se analizan 6 burbujas y luego se definen los 10 síntomas del Necio, es decir, del que dune siempre cae en ellas.

Here before this video blows up because it’s going to 😂

Lol. If the South Sea Company existed today, it would be a meme stock.

is the raid shadow legends reference an inside joke I don't get or a video editing mistake?

@ThePlainBagel

2 жыл бұрын

It's a game that a lot of KZreadrs take as a sponsor; sort of a joke that the South Sea Company was being promoted more heavily than this game that no one actually plays

@richardochodzki3961

2 жыл бұрын

@@ThePlainBagel ah. In one of his videos, Patrick Boyle used a picture of you as an illustration of a boomer, perhaps he didn't have enough time to find better examples

For more detail you should watch the extra history series in this .British:Fight everyone

Watch Extra Credits mini series on the south sea bubble, the finance side might not be as accurate but it’s entertaining though.