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Valuetainment

Episode 211: Is Cash Still King?

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 15 November 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

Is Cash Still King? Patrick discusses some important facts and companies that still believe in this philosophy and why. Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ Download the free PDF here: http://www.patrickbetdavid.com/cash-s... --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0

30 seconds.

0:01.0

One time for the underdong.

0:04.0

Ignition sequence star.

0:07.0

Let me see you put them up.

0:09.0

Reach the skies, touch the stars up above because it's one time for the underdow

0:15.0

I'm Patrick Beady your host of Ait Taimin and today we're gonna talk about

0:20.2

if cash is still can.

0:22.1

For the longest time if you talk to my dad, my friends, everybody would say,

0:26.6

Pat is very aggressive with his finances.

0:28.6

I'll give you a couple stories here.

0:30.8

One, if I went to Vegas and I had a couple hundred dollars, this is one in 21 years old

0:36.6

when I go to Vegas 26 times a year, if I go to Vegas, there would be nights where I would lose $5,500 in one night I lost and by the way I couldn't

0:46.8

afford to lose 50 bucks but I lost $5,500 that night because I would just go double double double double it's gonna come

0:54.5

back this double I'm on a double I'm on a double I lost 35 bet 70 I lost 70 bet 140 bit 140

0:58.9

bet 280 280 580 560 560 thousand 20 thousand 20,000 2,000, 560,000, 2,000, 2,000, boom, I just lost 3,500 bucks and it was gone, right?

1:07.2

I was that aggressive guy.

1:08.6

I'd buy penny stocks because I would sit and I bought a Nike stock once and I bought it at 27 and 1 to 41 and I said oh my gosh I just made this much money and

1:17.7

another guy turned me on into a penny stock and he said dude forget about this Nike stock

1:22.2

Look at this penny stock if you buy that six cents.

1:24.5

If this thing goes to $2,000, your money just went 33X.

1:28.9

You put $10,000.

1:30.3

That's $330,000.

...

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