One of Ben’s spicier takes, makes total sense tho!

Yea, great video by big Ben. =) Really share similar values.

@@lettalkaboutfinance hoping it was sarcasm

I would agree partly, but I think this CFA is a bit Naive to make a false assumption and false conclusion about today’s events, just by taking a couple of random research articles to make the obvios point that the stock market and the economy do not correlate, that is very true obviously no need to take peer-reviewed research articles (not my field of expertise I would say, but being a scientist I came across a lot of bullshit science in peer reviewed journals). I would agree with it, but this is not 2009 first of all so you can’t compare it, we are living through something completely different. 2009 was all about liquidity something people can control and people can come to terms with by regonotating or declaring bankrupcies but now in 2020, this is all about economics and permanent job loss becuase of the pandemia. Wall street can’t buy the virus, nor can they negotiate with it, the virus doesn’t care about money or people (wall street expertise). Politician are clueless on how to handle it (except perhaps the asian countries) . I think the expertise lies beyond a “financial background” field and we should be more attuned to the expertise of the scientists who are studying the virus and what they have to say. I prefer to listen to them and their news than what a “financial analyst” says. We should also add wall street never saw the “Pandemia comming”, they are not experts in that, how can I trust then that their valuations are right now? There is to much uncertainty and risk for me here. Apart from that I also prefer to listen to what Charlie Munger says, hear his thoughts (being the fact that they have more information than the government itself!), and well things don’t look so bright.

​@@reyrom3713 6 months later turns out the real virus is big brother.

Just have a little faith

Ben is 6 foot 11 though lol

@@ricardogonzalez6428 I wonder what he is most proud of. His tattoos or those basketball stats?

The tattoos are the secret formula to 25% alpha p.a. consistently over time through bull and bear markets

he looks more like his brother than link does

I’m going to take awild guess and say that Ben doesn’t really care that much about a massive YT following, this isn’t his day job and he has a really great podcast too.

What do you mean ? He’s got 100k+ subs. That’s alot in the financial advice field.

@@johnristheanswer I was saying that (and I’m assuming here) that this is his side hussle and it seems that due to him having a successful career apart from YT that he and his firm do this simply to inform rather as a source of income.

Isn’t this the wisdom Warren Buffet advocates? Just buy the best businesses, not the stock prices!

he mentions that exact thing on his podcast episode with the same name as this video

yes and no, the market would have plummeted if it was not for trump and the fed nationalizing it

Yea, just made a video on this. Would love to know what ya’ll think of my $1M portfolio allocation on my channel.

Horseshit. That’s what they said during the dot com crisis then again with the real estate crisis stateside. Massive losses in the stock market followed by significant gains shortly thereafter, then massive losses followed by significant gains. Repeat this process 5-6x over the course of 2 years is the CRISIS. It was never a one-time 50% loss in the market. It ALWAYS took on avg. 2 years. It’s “priced in” is a running meme at this point. There may be disparities in timing, but c’mon, 26M have now filed for unemployment. This is priced in???

That’s the thing though. At the moment, the stock market is not priced in. There are a ton of companies out there right now that will show little to no profits for the rest of the year, yet the market seems to think otherwise.

This right here.

Steve Keen has entered the chat..

How about index futures? Does economic data impact current ES price?

That is just absolute rubbish. I can cite some real examples that are contrary to what he says. Really? I mean we should not pay attention to the economy in other words? How is that possible. Wall street has gone completely insane, “common sense” tells me that valuations are not corresponding to fundamentals. Where is the common sense in this video? There is none. As a business woman I am looking at asset bargains but they are hard to find. I dont care if the market rages on, I am not gonna invest in blue chip stocks with extremley low yields just because wall street wants to endelessly fuel the market with cheap fiat money. I think I will start a youtube channel and get a greater ROIC than the manipulated market to satiet my unfortunate human greed. There that makes more common sense to me.

@@americaromero7373 Can you cite those examples or articles? I’d be interested in reading them. Thanks in advance!

@@americaromero7373 he explains the economy does need to grow for long positions but this alone does not mean your specific positions will grow…and to be wary of share dilution