Forbes Has A FRAUD Problem | Asmongold Reacts 

Dude is roasting folks in the most deadpan voice while staring wideeyed into your soul.. I love it.. lol

this guy has a humor at a level that makes Asmon's editor go "finally, a worth opponent"

Patrick Boyle's content can be a bit dry but I'll be damned if it isn't straight up one of the best, most educational channels on RU-vid when it comes to financial topics.

Recently here in Brazil, an influencer created a brand and was accused of scam because her makeups was making false advertising about the quality of the products. People started to prove that the makeups sucks. The other thing is that her audience are not rich people, but her products was more expensive than a famous products. What did Brazilian Forbes do? They praised her because her brand was lucrative and because she earned millions with that.

Asmongold found Patrick Boyle - awesome - I love to watch them both. Patrick Boyle has such a dry humor and deep knowledge about finances. Asmon has down to earth takes on other topics. This is a nice match.

I was dead when he said the company Nikola should have been named newton instead 😭 9:45

This man's average banger puns-per-minute is absurd and refreshing.

This man's presentation style is next level while being so simple. And I think when everything runs on hype culture, everything is doomed to burn out.

A crossover I never expected, I love it

That dude was the Justin Hammer to Elon's Tony Stark. Actually named his electric vehicle company "Nikola"? COME ON! 🤣🤣🤣

Patrick Boyle dry sense of humor is funny, especially when he dumks on a targets without skipping a beat.

One of my bosses ended on Forbes in the "100 most influential women in Italy". One year later the company is basically bankrupt.

this guys dry humor was great holy shit! I love when asmon reacts to videos not about gaming and especially MMO's. More plz

Anyone else think it’s weird you get videos recommended to you then Asmon ends up reacting to it

I unsubscribed from Forbes at least 3 years ago but they still send me their magazine for free. I remember the Nikola Motors article they had and thinking "doesn't this seem like a huge fraud?"

You should check more of Patrick's content, his "comedy" style is so refreshing, not to mention how informative his content is.

Just about spit out my drink on the “Crypto Hobbit,” hadn’t heard that one.

I love to see Patrick Boyle covered by Asmon.

Someone out-performing is usually a sign either a confluence of good luck occurring or shadiness behind the scenes, both of which typically aren't sustainable, especially when people start looking into them and either exploiting arbitrage to tap into and wittle away at whatever luck advantage they've been enjoying or seeing the red/yellow flags that pull the company down once people start paying closer attention to specifics. Where as a negative indicator usually gets attention by people looking into a company that might've flown under the radar otherwise or attracting attention to an existing, stagnate company that is under-going a painful but necessary restructuring that can be a sign for greatly improved future performance. I can definitely recommend more of Patrick's videos if you're interested as he does cover that sort of stuff in some of his videos. (he's a finance professor that started doing RU-vid on the side as a supplement for his classes and did some of his lectures during Covid lockdowns on there as well). His early videos are far more straight forward lectures and lessons, but his more recent stuff is similar to quality to this one as he started find a good balance between entertainment and education, even if it's still very much still heavy on the dry side of humor.

The reason that a lot of people that get a lot of media coverage end up going to prison is because if something seems too good to be true it generally is 👍 And the media loves extraordinary people and achievements

Regression to the mean... Whenever people outperform or underperform in a huge way, they tend to go back to average simply because average is more likely... and no other reason.

This guy is a Hedge Fund manager btw. Good finance content.

“Positive news generally indicates the end of superior performance and negative news generally indicates the end of poor performance” I had to rewatch a few times to understand

It definitely seems like Forbes is amazing at pointing out bubbles about to burst

Glad to see one of my favorite finance channels featured on here. That Cathie Wood shade was extra special.

26:30 might also be because "mediocrity" just meant "averageness" in the statistical sense at the time, and the connotation moved underneath the term

This guy's humor is exactly what I want to see.

Forbes has had this problem for decades XD Sadly the list is just fucked.

The truth is that it is ALL the magazines promote these scammers for a tip, but only Forbes stands out because it is the best known

Who would have guessed...

I deem this man, "Count Deadpanula," such an immaculate blend of dark comedy and deadpan comedy. Truly a feat for the era! *Sips dark tea*

To be fair "mean" is a better term than "mediocrity", mediocrity prescribes some kind of quality to the variable values whereas the mean does not and random variables are not always qualitative.

Deadpan snark coalesced and became Patrick Boyle. I remember reading the piece about Theranos when it came out and I had recently graduated and thinking "Of course she had to drop out, any profesor would shut this 9yo delusion on the spot"

My Netflix got compromised and gets used in the middle east but I always tell Netflix it's me and they don't ban them cuz like fuck Netflix for its lack of password sharing

I was not expecting Asmon to start reacting to my laddie Pat

Sidenote: The thing that strikes me about the Icogni ad, and other similar services, is that they are ALSO collecting data on you and essentially centralizing them in their own portfolio. There is one called Rocket Cash or something that I hear about as an ad insert on a certain podcast network, and the thing sounds super sketchy: Finds all the subscriptions, even the ones you forgot about, and helps you manage and delete them to save money. But how can that be, unless they also have access to predatory databases and have all my information to begin with? It's like if the stalker that digs through your trash, also offers a service to buy all your groceries for you, because he knows what you buy. It's SUPER CONVENIENT, because of course he already has all your credit card and identity information. He'll even let himself in, and stock it direct to your fridge while you are at work, because he of course also has keys, whether or not you are paying for this other service.

In my country they did got money from US , world banks etc stuff was never paid back, nor were what was promised ever delivetered. And l can't remember, if Isreal ever "extradited" anyone ever.

2:42 -- They do seem to be doing a good job of doing law enforcement's job for them though. At this point, if I was law enforcement, I would use Forbes as a resource for who to investigate next, and be done with it. They're consistently 30 for 30 ;).

It amazes me that the AK47’s creation was essentially the birth of the modern day “assault rifle” style firearm, yet it’s still one of the most prevalent and reliable weapon system on the market by an absolute landslide, only being tailed by the Armalite platform by an overwhelmingly significant lead.

This guy is SAVAGE, and I'm kinda here for it.

the super dry deliver of all lines makes this so much better, gods be good

Patrick getting the exposure he deserves!

When you're talking about publicly traded companies, it kinda makes sense. A popular publication praises them and everyone invests, causing the company to become overvalued, the professionals see a collapse coming and get out, which then causes the collapse. In the reverse, negative publicity causes the public to panic and sell, the stock price drops, professionals see a company with decent fundamentals but a run of bad luck, and know it's seriously undervalued so they invest. On top of that a company that had been under performing will often have a change of management and cost cutting measures, they may kill programs they've been experimenting with but haven't been profitable and redouble their focus on their core businesses. A lot of things that can turn a compony around, or they may get bought out, which is usually a good deal for an investor.

Love his channel ❤ Hallelujah for people that can use proper sources and citations, that know what they’re actually talking about. Also recommend The Plain Bagel, How Money Works and Economics Explained. And f*ck the pest of financial influencers with bogus courses, that probably can’t even do basic accounting let alone give financial advice.

I love that Asmon has discovered Boyle

If we look at where the wealth concentrated - individuals, corporations, countries - how much of it came from less than legal or even ethical means?

When I first got to Uni that list made me feel really insecure, felt like I was doing nothing with my life. But now that I am approaching my 30s I realise success never happens over night and to keep your success you need wisdom. Success at a young age is nepotism or luck, and neither of that shit is sustainable without the right people around you and a healthy mindset. You can point to Zuckerberg but even he stated that his been coding for almost 8 years before fb.

Steal from the poor -> you get rich. Steal from the rich -> you go to prison.

Herr Starr always was my favorite character from the Preacher series, good to see him branching out

Magazine: "This young person will revolutionize the wheel industry!" The person: "The secret is hardwork, drive, and...a little fraud."

and it's ongoing at this very moment.

Finally Asmon reacting to a channel that i watch regularly ツ

"Do they really think that they are going to get away with it?" Yep, they do. Never assume that you are the smartest person in the room.

The old saying: "Sell on the news, buy on the doom and gloom." Never buy in a bubble.

Forbes, 30 criminals under 30

Rules of investing: 1) few make money, most lose money 2) information is money 3) thus few know, many are being told 4) ergo if you know about it, it's too late, and someone wants to dump on you.

I love your channel, your comments, your sense of humor but especially your approach to subjects outside of gaming. I wish you’d stray more from gaming ❤

Streamer Awards have the same mechanic as magazine covers.

that guy talks like sabine hossenfelder and he doesnt even blink i am scared

Maybe they put them on the magazine in order to keep them off the investigation trail😂

He should watch big boss videos, he made one about the Tesla truck

I love how Asmon goes into these videos totally in the dark. "Does Forbes have a fraud problem?" Lol . He's definitely gonna be just as fun to watch when he's old,like his dad 🤘

what a crossover. worlds are colliding.

If you want some nice videos about scams I recommend ColdFusion. The Nikola video was goofy.

Most of the declines of good companies and climbs of bad companies are due to one simple idea... regression to the mean.

I love Patrick Boyles dry as fuck delivery.

We just don't know their names....so freaken true!

This guy's roasts are BRUTAL holyyy... just like Asmond's sometimes. Maybe there's a common denominator between them, can't quite put my finger on it...

Look at who Forbe's new owners are (China).

Man is like a robot, a robot with a flame thrower 😂🔥🔥

I think the speed in which these people make their millions is a big factor why so many end up in prison. Usually when someone gets rich unnaturally fast it’s because they’re breaking the law

Да мошенников сейчас везде и много, звонят и пишут, говорят и показывают... Я думаю что людям надо быть сейчас быть очень осторожными в этом плане.. Не когда не знаешь когда и на кого попадёшь.

Glad you are watching patrick, his videos are some of the BEST informational content on youtube. You get to keep up with the latest financial news. Him and 2 minuit papers are some if the best content on youtube to actually be productive

This dude is a savage. Instant fan.

Companies should weaponise these magazines.

Destiny did a live stream with Martin Skrelli. Then as usual he burned that bridge.

Forbes doesn't just have a fraud problem, it has an intelligence problem 😂

Patrick is a maestro of dry humor.

Oh man, that moment you see Asmon watch a video you watched and thought no one else would see. The content creator deserves the limelight. Cheers,

But Kylie jenner is still out there... And she was in the forbes cover... Where the curse at??

it makes sense. if you're looking to race to the top, you're going to take some risks. and some of those risks might involve breaking the law or committing fraud. forbes isn't looking for fraud. forbes is looking for people displaying explosive growth. and people committing fraud usually make a lot of money... right up until they get caught.

That is a nice suit.

OR bank crimes just don't get prosecuted... give that a moment to sink in.

Omg, you reviewed one of my favorite finance guy ! He's hilarious and great content from an Europe Hedgefund pov. Asmon subscribed to Patrick!

That guys humor is brilliant! So dry. Love it!

@21:25 when you are a big investor and you want to sell some of your stocks at a high price, you buy a POSITIVE article in a big magazine, thus making people that don't do their own research and just follow the trend to buy the stock you are selling .... making you a fortune .... On the other side, if you need to buy a stock at a lower price, you BUY A NEGATIVE STORY , making the stock price crash temporarily , giving you good lower entry price for the stock. Then you repeat step one ... then step two after while .... and so on

WOW!

It's not a magazine curse...it's most rich people get there by being liars and scammers

It's called "peaking out"

"It's not that big of a deal" Mate, what are you smoking

Lol you cannot run or hold office when are in custody/ward (currently serving a sentence) of the state Asmond.

“Regression towards the mean “ is actually a math thing not just an anti asshole naming scheme

As I get older and older, I realize its practically impossible for the average joe to ethically accrue millions. A billionaire is a moral failing of our priorities at the individual and societal levels.

10:25 Stanley Kubrik'ed it!

Patrick Boyle is savage, love it!

I love hearing Asmondgold see Boyle for the first time. Funny as shit

If scamming people in wow 5+ years ago could only land you in prison…

Irony is imagine SBF played by the rules, he might be standing beside Elon Musk right now. It was really wasted potential.

Business/finance is riddled with grifters and scammers, because often it takes very little overhead (profits are easy) and it's a place where you can baffle people with BS VERY easy, especially those who want that get rich quick out. Wall street is legalized gambling with people's livlihoods.

Crypto had no anime waifus? NO. Really? And people bought into it?