5 • 831 Ratings
🗓️ 19 December 2022
⏱️ 12 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
| 0:00.0 | How Brady, Jenkins, You know, here, and today we're discussing how to avoid the next |
| 0:27.4 | crypto collapse, fill in whatever kind of hip investment you want, crypto.com bubble, housing crash crash whatever you want to put in there how to |
| 0:39.6 | avoid the next collapse gang i'm not here to say that crypto is good or bad um i'm simply here |
| 0:46.8 | to say why i choose not to invest in it he's here to say it's bad who is he kidding he keeps i'm not |
| 0:51.4 | saying it's bad it's a really rip cool thing. I just don't. I think |
| 0:56.0 | crypto sucks. Guys, it goes back to what Warren Buffett said. He said, unlike apartments that produce |
| 1:02.7 | rental income or farmland that produces food, the only way to get value from Bitcoin is to sell it to someone |
| 1:10.5 | else. Okay. This explains the difference |
| 1:12.9 | between a productive asset and something that depends on the next guy paying you more. Think about |
| 1:19.3 | this. This sounds a lot like the greater fool theory. You got to keep paying more to basically |
| 1:25.0 | prove the value in the asset. And we are not ones for irrational |
| 1:29.3 | exuberance. We believe investing in a quality vehicle for the long term. And we believe that's |
| 1:35.6 | right for our families. So, Gino, what are we doing to profit and avoid the next crypto.com bubble, |
| 1:43.7 | housing crash, etc. |
| 1:45.6 | Oh, it's amazing that you made that point. Before I list out the three, I need to say something, |
| 1:49.6 | Jake, right now to all the listeners about cash flow and about the greater fool theory. |
| 1:54.2 | If it don't cash flow at the grass grow? Yes. And what's happening right now, cash flow |
| 1:57.8 | seems like it's coming back. The irrational exuberance of the last |
| 2:00.9 | few years really quelled cash flow where people in New York City are buying a one bedroom for a million, |
| 2:06.3 | then a million two, then a million four. And what happens is as the market cycle lengthens, |
| 2:11.6 | all of a sudden there's a lot of greater fools out there. Be careful what that happens, |
| 2:16.5 | because what happens is your cash flow starts to decrease. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Jake & Gino, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jake & Gino and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.