4.8 • 786 Ratings
🗓️ 1 August 2020
⏱️ 67 minutes
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0:00.0 | you expressed the frustration that's clearly coming out from a younger generation and needs to be heard, |
0:06.6 | is that, you know, they're feeling as Americans feeling totally disenfranchised. |
0:11.4 | You know, they see the stock market like this disco ball that's just running away from them. |
0:15.2 | And it's like, wow, you know, how do you latch on to this? |
0:17.3 | And that's why the attitude has manifested itself through barstool |
0:22.5 | presidente of all places saying, I'll show you how you fucking latch on it is. You get in there |
0:27.5 | and you buy stocks. They go up every day. Right. And like as that sounds to somebody that's |
0:32.7 | been in the markets for 30 years, that sounds completely nihilistic. Like, what are you doing? |
0:39.2 | You know, that's not how you do it, right? |
0:43.7 | Like, the way we've done it is, you know, you pick the companies that you like and you have reasons for liking them and you stay patient and you wait for an opportunity till they dip, |
0:48.5 | certainly, to buy them because markets go up and down and why just chase a market to the moon? |
0:54.0 | You ask a day trader that |
0:55.4 | today, the higher the price, the better, right? They want things that are exploding, right? You can't |
1:01.3 | talk to them about something that's sitting still, you know? And so that, that to me is translating, |
1:06.5 | you know, it's that sort of disenfranchisement translating into the nihilistic attitude, set of emotions |
1:13.5 | that I feel like I read from that generation. |
1:16.6 | And I totally, I'm in touch with them. |
1:18.2 | I'm not telling them that they're wrong. |
1:19.7 | I'm saying that there's definitely something that needs to be addressed here. |
1:23.8 | Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, Crypto, and Beyond. |
1:31.3 | This episode is sponsored by BitStamp and Crypto.com. |
1:36.3 | The Breakdown is produced and distributed by CoinDes. |
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