These Videos Aged Like Fine Wine - Why I'm Not Taking Credit
Today we talk about why taking credit for past calls is self-defeating, and why I don’t want to take credit for my own warnings.
If you'd like to support the channel, you can do so at / theplainbagel :)
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).
Пікірлер: 912
This is why KZreadrs with day jobs are your best bet. Their livelihood isnt totally tied to the algorithm, and thus they can do stuff like this
@bipolarminddroppings
Жыл бұрын
I'm a professional musician and vocal coach, I often have people say I should start a vocal coaching channel on KZread and my answer is always the same: Why? Why should I spend years building up a channel, putting all the time and effort it requires, when I'm already making a very nice living doing what I love? All I think when I see KZread vocal coaches is "how do you have time for this? I have 5 lessons today, another 4 tomorrow and a gig in the evening" To update an old saying: Those who can, do. Those who can't, teach. Those who can't teach, become KZreadrs.
@prapanthebachelorette6803
Жыл бұрын
Oh, pretty deep for sure
@realityblooms
Жыл бұрын
@@bipolarminddroppings bitter boy says what?
@kannnnn392
Жыл бұрын
@@bipolarminddroppingsit his hobby
@JamesButler-yw6rm
11 ай бұрын
@@bipolarminddroppingsThat WOULD work if it wasn’t for the fact that KZreadrs make 10x more then you.
The intellectual modesty of this dude. The sheer bloody reasonableness. Fantastic stuff.
@peterjessee7888
Жыл бұрын
This is not intellectual modesty or reasonableness. It’s being Canadian…
@bdlbarbosa
Жыл бұрын
Why I chose Richard to teach me about this stuff!! What a great mind
@rurounitonyx
Жыл бұрын
To me, he presented himself as an ethical person in this video as well.
@NotMuchThanks
Жыл бұрын
@@peterjessee7888 I tend to prefer Canadian content creators because of their rigor and intellectual maturity and honesty.
@relentlessgrowth4149
Жыл бұрын
Bro, you just don't get it. You are leaving so much money on the table. You need to use technical analysis to start day trading forex memecoin options. Learn how by buying my course for $777.
"Bored Grape" (holds up picture) Comedy gold. 😂
@ruffethereal1904
Жыл бұрын
It was so clever and a great use of prop comedy. If you know, you know it in an instant, and it hit perfectly.
@whannabi
Жыл бұрын
And the Tesla tears... The little logo curled in a corner, so sad for that little blue guy🥺 😭
This is a great example professional ethics. Would be nice if this was commonplace on the internets wild west of not financial advice.
@nonsolumarmis
Жыл бұрын
Well said
@Serizon_
3 ай бұрын
agreed
After seeing multiple billboards of "investment gurus" and "super lawyers," we kind of need more content like this.
@cisium1184
Жыл бұрын
Prospective clients are always asking if I'm a "Super Lawyer." I tell them I'm average, I just like to wear a cape.
@herisuryadi6885
Жыл бұрын
What is a super lawyer
@07kamichamakarin
Жыл бұрын
@@cisium1184 Splendid.
Most Canadian video ever. 1% celebration, 99% apology.
When I was brand new to investing a coworker was adamant that I invest in weed, it was her ticket to an early retirement and mine, too. I put $200 on a promising Canadian weed company and it served as a relatively cheap lesson in not picking stocks based on one person’s recommendation and noting more. That $200 is worth less than a dollar today, and yes I still hold it is a reminder of this lesson.
@DavidManouchehri
Жыл бұрын
If you’re Canadian and ever met some of those involved with the weed industry, you’d realize quickly many of these companies have no future.
@williams11372
Жыл бұрын
Just outta curiosity which company was it??
@Kier4n99
Жыл бұрын
Did that with Sundial too lol
@BusterDarcy
Жыл бұрын
@@williams11372 ACB, and I misspoke - my holding in them is now worth one dollar and two cents.
@0oShwavyo0
Жыл бұрын
@@BusterDarcy if the company survives it might be worth something someday. I think there _is_ a sizeable market for legal marijuana, just these companies tried to raise capital like a bunch of new smokers were gonna come out of the wood work instead of the reality that the black market is being converted into a legal regulated market. So the capital raise was for an opportunity that was not real, but there is a real and sizeable opportunity worth competing for.
9:55 "Success is a lousy teacher, it seduces smart people into thinking they can't lose" Reminds me of the 2008 GFC when it was said "Wall Street Executives Mistook Leverage for Genius" - Steve Eisman (N.B.The character "Mark Baum" is based on Eisman in the film "The Big Short")
@OrontesRM
Жыл бұрын
the big short is SOOOO underrated - I still recommend it to everyone
@Enki1013
Жыл бұрын
I rented that movie on Amazon Prime and watched it last weekend. Excellent movie that is criminally underrated. The symbolic gestures were noted, like the masks at the airport as a futile attempt at protection to keep the toxicity "contained" and the large sunglasses as the old lady "turns a blind eye" to it all. Steve Carrell is usually so silly but this one character (yes based on the real man Eisman) brought tears to my eyes. He is the personification in that movie to the saying, "The truth shall set you free, but first it will (pee) you off." Did you see the cameo of the real Michael Burry in that one scene? A "blink and you miss it" moment, like an old Alfred Hitchcock moment.
@ekki1993
Жыл бұрын
It also seduces lucky people into thinking they are smart.
@MichelleHell
Жыл бұрын
Look up liars loans. The fraud was out in the open
@arturoescorcia
Жыл бұрын
Success is not a teacher. Failure is the teacher and success is the reward for the lesson.
I am sure this video will age like fine wine!
You don't give financial advice, but you do give financial knowledge so that I can understand better what's going on, and I appreciate that.
One of the best Finance/Investing youtubers out there
@daarom3472
Жыл бұрын
used to watch him and Joseph Carlson but now just him as Joseph has kinda lost it after he grew his channel.
@ThePapaja1996
Жыл бұрын
@@daarom3472 i like Patrick Boyle and Benjamin to
@mesiroy1234
Жыл бұрын
He and coofezilw are goid
@nwgverified
Жыл бұрын
Boyle is far better
@pongop
Жыл бұрын
Yes, Plain Bagel and Value Investing with Sven Carlin are in the top for real educational value!
This intro was absolutely hilarious. The video was also very good, and I genuinely enjoy the intellectual veggies this channel provides. Very much needed in the financial influencer landscape.
@juliannavarro3440
3 ай бұрын
Intellectual veggies is such a nice way to describe it 😂
OMG - love your intro! 😂It just made my day! Who knew you were a closet sommelier !😉By the way, were you drinking REAL wine?
@ThePlainBagel
Жыл бұрын
Yes I was, don’t tell KZread
@amitamcneil6089
Жыл бұрын
@@ThePlainBagel Cheers! 🍷❤
@lachydauth4248
Жыл бұрын
This was the best intro so far keep it up
The Bored Grape is a very dry wine indeed Greetings from 🇪🇺
This quality of humility only comes from wisdom and experiene. I have been a casual enjoyer of your content for awhile but this video just earned you a massive amount of respect! Keep up the great work
No one is talking about the EFFORT put in to that intro!! BRAVO!
I'm normally a big fan of index investing, and thus consume mostly content focused on that, but you are the only active investor that I love listening to. And this video is a perfect example of that. Thank you for your work.
@sleepless2541
Жыл бұрын
i just got rejected an internship from an active research firm, they said the reason they rejected me was that my skillset isn't something that the company is looking for, looking back at it i shouldn't have shit on active management during the interview which is probably the thing that got me rejected lol
I'm a designer, and I love that you made custom-designed wine labels. 👌
Any investor who claims they've never had a bad call hasn't been investing that long. ... it happens to ALL of us. Another great video! 🙂👍
party-pooping is way underrated (atleast in finance) great stuff as always
I’m so impressed by your honesty and humility. The world of finance, and hey the rest of the world needs more of this!
Only plain bagel could flex “I told you I was right” and still come off humbly.
@davidzakharias4170
Жыл бұрын
Yeah right it's incredible that things also go down I would never expect that
Your videos are fantastic, a great blend of humor/analysis/realism delivered with clear speech. You display the healthy level of confidence that you preach! Premium content, much love.
Love the sarcasm. You and Patrick Boyle are real treats to watch. Thanks for your work, insights and creativity. The humility and self-reflection are nice bonuses, too.
I love your earnest, nitpicky attitude. Aside from what these qualities say about your trustworthiness, I also find them generally endearing. Thanks for being in this space and doing what you do.
"Your overconfidence is your weakness" - Luke Skywalker
@oz_jones
Жыл бұрын
"And your faith in stonks is yours"
Your character ages like the absolute finest of wine. Fantastic and this is why I follow you and this channel. :)
Always enjoy the education and humour in all your videos. Most importantly, appreciate the invitation to us viewers to scrutinise the content you put out; something which no 'influencer' should shy away from (especially when it comes to topics with potentially far-reaching consequences like finance). Keep doing what you do Richard.
Love your content good sir. Solid mix of humility, sound advice and some tongue-in-cheek humour. Well done, keep up the good work!
this is the real canadian accent.
@ThePlainBagel
Жыл бұрын
This is the one we only use amongst ourselves to keep it hidden from outsiders
Bro...I have found this 5 months later...just got past the intro and cant breathe. THANK YOU
This is the first video I have seen of yours. I’ve heard about your content before but never checked it out. I appreciate the forward attitude and your transparency. Even when we are right, we can be wrong. Look forward to more of your stuff.
Imagine this video in a museum 50 years from now, and visiting schoolchildren not understanding a single reference while their 85 millenial chaperone is cackling their head off at the "bored grape" pun
The cold open was brilliantly done; keep up the great work in 2023!
the first 2' of the video makes me admire ur knowledge, ur sense of humor and the effort u put in these video so much... but then the second part has me respect u on another level! great food for thought, and thank you so much for the useful videos!
Thank you Richard for being transparent. Been following the channel for a while really like the info given. Please keep up the transparency and don't ever change the way u are !!
Awesome Video! Love the content you were posting that was cautioning investors on the wild exuberance occurring in the markets during the pandemic.
This is exactly why I follow you. You only seek to teach and inform, and you're totally humble when you're right or wrong.
I love the high effort that went into the intro! Humility is rare amongst financial KZreadrs. I really respect this channel.
Thank you. Your honesty and transparency is refreshing!
Your cutting sarcasm in this video... chef's kiss... Seems Patrick Boyle has had a significant influence over you?
@malokey7
Жыл бұрын
I don’t think so. I think they just like each other’s content
@baxoutthebox5682
Жыл бұрын
He’s even stealing his accent 😂
Fooled me with that intro. I was watching it and wondering "since when did Richard become a pompous braggart???" Well played sir. Keep up the great work!
@TheNaldiin
Жыл бұрын
It was savage, but I figured he wouldn't keep it up.
@TrumpForPrison2023
Жыл бұрын
Broo, it was so obviously sarcastic. You can tell by the names of the wines like "Bored Grapes" (genius name btw).
@MAJS87
Жыл бұрын
@@TrumpForPrison2023 Ya I probably should have paid closer attention. I initially thought the names were ripping on the folks who invested and lost money, not himself. Should have known better.
The art design of the bottles is amazing
Loved the intro, and then your humility afterwards!
I freaking love this guy
This is quality content. I had a good chuckle 🤣🤣
I love the creativity, welcome back !
Honestly glad I saw this video today. It's taught me an important lesson in humility.
“A little skunky some dank” I’m in tears 😂😂
Haven't watched the channel in awhile but since when do plain bagels have flavors? Humor mixed with finance and education = financial edutainment... not bad, Liked.
Love this channel for the sheer humility of the guy.
I love the distilled reasonableness that every video of yours ha
I haven't laughed this hard at a video in a while. Thank you!
I'd like to be a live and let live kinda guy. Then I see influencers promoting obvious scams. And suddenly I turn into an inquisitor, who would purge the heretics with holy fire.
This was hilarious, informative, and humbling. Thank you for everything Richard ❤️
Very modest. KZread is lucky you have you as a creator. You truly had a huge positive impact on my life.
Wait, if Plain Bagel is capable of being wrong, who can I trust all my money with? That's depressing. I see all these successful people on KZread and Tiktok and they say it's easy. I'm sure they wouldn't lie to me.
@goosewithagibus
Жыл бұрын
Every single thing anyone says on the internet ever is 100% true, so you'll be fine
@babitapandhare1889
Жыл бұрын
@@goosewithagibus lol
Richard continuing to show why he is a top tier investing channel
Plain Bagel, you are one of the most inspiring channels on KZread. Your commitment to honesty and encouragement of others to pursue judiciousness and critical thinking is rare. Youre so genuine and humble and I really appreciate and want to emulate you bro
This is hilarious - you even had the bottles rebranded! Great content!
I'm sure this video will also age like a fine wine. All kidding aside, the intro was great and it's solid message overall. Well done!
Sensational content.
Genuinely want to appreciate the your humility ✌🏻
Well done! I really like the transparency.
Top tier info and comedy with a hint of gloating...Well done sir.
Love how each wine represents a big buzz of an investment opportunity that turned out to be quite red indeed😂
in my opinion, you are a great role model! Thank you so much for your consistency in your attitudes and values. For me, that is what drives the true value of what you teach home
Definitely one of the best and most entertaining videos you've made :) Keep up the good job!
There's a tesla millionaire who vowed to never sell whose lost virtually his entire wealth. He sold his mansion to buy more Tesla stocks. My head shakes all the time.
@maverickfalcon4856
Жыл бұрын
Link? I gotta see this
@CainXVII
Жыл бұрын
I thought you meant Elon
@Zantsak
Жыл бұрын
? Still more than 600% up from 2019. 64% up YTD. Wish I did that move in 2019.
You’re the best influencer... I’m 73 and have been investing since my teenage years and in those years I’ve learned many things about investing and human nature. You are one of a few that says things straight. Bravo and all the best...
@PGproductionsHD
Жыл бұрын
Why are you writing poem-style?
@HarveyDangerLurker
Жыл бұрын
@@PGproductionsHD he is 73. They write better.
@Asphyx12
Жыл бұрын
@@HarveyDangerLurker or He's not long for this world so why not have fun writing poems
Such a great video. You are willing to directly address both your good and bad predictions and thoughts. Good stuff. Keep it up!
Great video. Humility will always bring joy.
For that hilarious intro, you win the internet for today good sir!
Would you be able to talk about a time you made a bad call or lost $$ on an investment? Might help people to realize that even trained professionals get stuff wrong
@uFFFO
Жыл бұрын
It is normal for calculated risks to come out flat. As long as you're not bad at math, you'll come out ahead.
@Angie-in8wc
Жыл бұрын
He might not be able to do that if its from his day job.
@treiricketts7572
Жыл бұрын
he mentioned his 2018 bitcoin video didn't age as well because by the second one years later, it had over doubled in value.
@sprinkle61
Жыл бұрын
@@treiricketts7572 A second mistake he made in his second Bitcoin video was to call out gold bugs for being so wrong about inflation, just as they were about to be proven so right on inflation (if not gold) Bitcoin has proven almost all of its critics wrong over time, at least as it comes to price appreciation.
@lonnpton5239
Жыл бұрын
+1
I appreciate your info. Keep up the good work
Logic and reason! What a concept! Thanks for the vid.
Love your channel and a subscriber, BUT 11.7.2023, Bitcoin UP, Tesla UP, glad i missed those original vids, sitting pretty at the mo :) my fine wine is just fine.
Bitcoin's back, baby! He who laughs last, laughs longest ;)
Awesome video. Very well said. Keep up the good work.
This is how you stay classy. Well made sir. Keep up the amazing work!
Bitcoin just hit 35k 🎉🎉🎉
@samsonsoturian6013
5 ай бұрын
You lose
@rock3tcatU233
3 ай бұрын
@@samsonsoturian6013 Bitcoin just hit 60K
Bagel is not the "I told you so" type of dude but when he does, oh boy, it's the James Bond of ITYS
you are way to humble. I respect the nuance of why you are so humble
This humility and thoughtful reflection earned you a subscriber.
Bitcoin is topping ATH levels again. lmao
Bitcoin just hit ATH. Call your mom.
I appreciate your perspective, transparency, and humor! You make excellent points about paying attention to risk, critical thinking, and avoiding hot/fad investments.
Love your videos Keep up the good work my man
Watching this video when crypto hit an all time high makes this video… not age quite like fine wine 😂
I appreciate when you talk about things that help me shape my financial future and all but this might be my favorite video from you XD
The Telsa Tears part was the funniest :)
That intro was hilarious!! Honestly you should do those more often
Great video, very humbling and is a good motivator to always stay humble
Great content and great points on not cherry pickeing! Keep up the good attitude and good work! Best regards!
Dude you videos have been amazing , entertaining and simplistic yet so informative . Well done sir . Any chance you also start citing some of your sources in future videos . They would make for a great read ☺️
Really enjoyed the whole video. Thank you!
Great stuff as always Richard! Greetings from Mexico. 😉
You are one of the very few "youtube investors" that I would trust to management my money....well done. Respect and trust has been earned.
First video I saw from you - immediately subscribed :)
Your comedic intro was fantastic. Chef's kiss!