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/biz/ - Business & Finance

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28465506 No.28465506 [Reply] [Original]

Martin Shkreli drops a black pill on a 24 year old white /biz/cel, tells him his 100k is nothing and he’s wasting his time looking at the stock market.

https://youtu.be/NABQKu3OX6U [Open]

Is Martin right? This jives with the advice every intelligent person I’ve ever known has given me, the most important thing you can do is get your INCOME up, then passively invest your income to become a multimillionaire. The best way to get your income up is through acquiring skills. This goes against the /biz/ philosophy, so who is right?

>> No.28465651

both are right, ideally you would make correct plays with that 100k but in the event you lose it having a good income will allow you to recover

>> No.28465731

He also said if you're warren buffet well then do whatever you want.

Generally most people couldn't trade 100k to 1 million. Martin is also kind of an idiot, and I've extensively studied him. He really tries super hard to appear smart, which likely stems from insecurities relating to his childhood being poor.

He wanted to be rich so bad he fucked everything up. No gf, in prison, only his idea of money in the account.

>> No.28465798

For stocks he’s right but with crypto the gains are enourmous. Even 5xing 100k means you can buy an apartment and be an autist in peace.

>> No.28465801

I made a million from 100 dollars.

>> No.28465808

>>28465506
I wonder what skills this archon of wealth and wisdom has acquired in jail.
Cocksucking? Getting assfucked?

>> No.28465821

100k seems like a very good platform to make more money

>> No.28465858

>>28465731
He's also fucking banned from everything. He only got rich because he stole the money he used to invest, which was millions.

Just because it 'worked out' doesn't mean it wasn't wrong. You can't just use their money for something completely different that's not even stock investing holy shit.

>> No.28465880

>>28465731
He’s incredibly smart, are you trolling? Have you ever watched one of his streams where he explains concepts in finance or science or pharmacology or any of the other dozen things he’s mastered.

The guy is arrogant but he’s insanely smart, I’ve never come across anyone like that in real life.

>> No.28465892

I already killed Martin last thread. Are you really going to make me do it again?

>> No.28465916

why the fuck do u post this every month

>> No.28465928

>>28465506
Who cares what some jew thinks lmao

>Inb4 h-hes not jewish

Nice try schlomo

>> No.28465955

>>28465880
He's smart, but he tries to appear smarter than he is. This is a common trait I've observed in a lot of people. It doesn't really matter because they're smart enough to back it up.

>> No.28465994

This is true. Having a business that you can remove yourself from and having multiple income streams is the ultimate redpill. But you will always be able to start a business, crypto not so much. Better to trade now.

>> No.28465996

how many times are you going to make this thread faggot? we get it, you worship this tranny

>> No.28466017

>>28465955
That’s probably true, I bet he has a chip on his shoulder, but he’s undoubtedly incredibly smart and I’ve never met anyone like that in my career.

>> No.28466044
File: 176 KB, 1820x1365, marcus aurelius.jpg [View same] [iqdb] [saucenao] [google]
28466044

>>28465506
'the measure of a man is the worth of the things he cares about'

>> No.28466150

>>28465506
This guy is a niggerdick loving cuck. What do you think this manlet was doing in prison? Fuck this kike

>> No.28466185

>>28465880
So smart he keeps himself in prison to his full sentence by annoying the judge with his half-baked antics trying to get out early.

>> No.28466222

>>28465506
Why did you post this twice? Demoralization bot?

>> No.28466243

>>28466017
There's 300 pages of chip on the shoulder in the court documents. He was trying to gain sympathy from the judge with letters from family and friends.

Everything from a friend saying he felt embarrassed to bring them to his parents house in highschool, to not being able to afford lunch.

>> No.28466340

>>28465928
>>28465996
>>28466150
Why are people that found /biz/ from /pol/ so easy to spot? Either way, yes, the Jews use ethnic nepotism and their high IQs to advance to the top of societies and they have an ethnic animus against Europeans, what does that have to do with the content of this thread? Can’t we discuss what he’s actually saying without you guys flying off the handle about Jews and trannies?

>> No.28466367

>>28465506
>100k is not a lot of money
That's bait right there. If he said 1 million he would have said the same thing.

>> No.28466485

I think he's talking to his audience, which are a bunch of ADHD zoom zooms that think they can just pick the right stocks and will become millionaires in a few years with 0 effort. Just like any profession, most people drop out during school, realize they're not cut out, fail, etc. Same thing happens with investing/trading, vast majority of people realize it's not for them or they suck at it.
He's not talking to the people that know how to make it, because he doesn't have to talk to them.

>> No.28466588

>>28465506
idk, this dude seems full of BS

>> No.28466838

>>28466485
most people don't understand exponential returns.

100k to a million is only like 3.25 doubles

>> No.28466889

>>28465506
Do the opposite of what a Jew tells you.

>> No.28467042

it depends who you are.

a phd in any subfield of stem can quickly see (sub 20 hours of study) that there is a shell game being played with finance.

you want to hold
>land
>food
>buildings

you do NOT want to hold
>paper money
>digital products
>raw materials

all wealthy people got there by leveraging the second to purchase the first. people win the lottery of course and a lot of internet success stories are about dumb luck:

>2012: I say bitcoin is going to 1 million, i'm going to convert my wagie savies of 100k into btc and fuck your world
>2012: (evil clone) I say $300 bitcoin is a giant scam, look they pumped it up from 100 and it's about to dump. not only back to 100 but back to zero.

>2021: I hold 333 btc which is 16 million USD but fuck you it's going to 1 million and im going to be a trillionaire
>2021: (evil clone) my wagie savies are up to 300k btc is a scam and obv the only good time to buy was below $5k

>2030: ???
>2030: (evil clone) my wagie savies are up to 600k the last 20 years of work have been productive

one looks like a genius, one looks like an idiot but both are in profit. it's a question of risk vs reward, in 2012 you risked 6 figures to make 8 figures or you risked nothing and simply tripled your net worth by continuing to work and save. if you play a lot of these risk everything games across your life you will likely lose more often than you win and the times you win won't cover your losses. every day there is another 'bitcoin' thing that will 100% x100 your position, but you won't identify it among the thousands of things that will x0.01 your position. you have to be a moron or simply not care about money (then why even do it) to think you can pick the thing. at best you can pick what other people will think is the thing and capitalise on their stupidity by front running their choices.

>> No.28467329

>>28465506
>100k is nothing
100k is a lot of money, it takes most doctors several years working to save that much money.

He is dead wrong, a 100k at 24 years old is a lot of money. It's equivalent to a savings rate of 35% of a 100k after tax income for FIVE YEARS.

So yes, a lot of money.

>> No.28467334

isn't he still in jail

>> No.28467545

>>28465798
>5xing 100k
still not a lot of money

>> No.28467630

>>28467042
Things that I remember being shilled at the time:
-Beanie babies
-Pogs
-Akili Smith rookie cards

Gambles with asymmetrical upside that actually paid off:
-Pokemon and Yu-Gi-Oh cards
-Bitcoin

Anyone have anything else to add?

>> No.28467682

>>28465506
I fucking miss him so bad bros

>> No.28467797

>>28465506
shorted MNKD
ãnd wrote letters to the FDA to insure
stock price crashed ??
heard sumthin like that
MNKD ripe for a short squeeze or not ?

>> No.28468105

Daily reminder that Shkreli cried like a bitch when he got thrown in prison.

>> No.28468142

What a bunch of bullshit. This is like saying weight lifting is more important than dieting, so don't worry about counting calories until you can squat 4 plate. Uh, ok, or you maybe could do both to be successful.

I am in seven figure hell now as a wagie who invested (only about 20% is in crypto). Even just putting your money in a boring index fund is worth it. If your goal is to have 9 figures, fuck off anyway, since it doesnt matter. If you're trying to get to 2 mil and tell your boss to fuck off, you can definitely do that in about 10 years as a standard wager.

>> No.28468953

>>28465801
Me too

>> No.28469339

>>28466367
This is what happened, he was acting like a cunt before the question was even asked.

>> No.28469548

>>28465880
The man is a literal con artist. Of course he is going to "look" smart, that is what con artists do.

>> No.28469697

>>28469339
Saying $100K is nothing is a way of showing dominance which is an important skill as a con artist.

>> No.28469815

>>28469339
I saw a Martin video where a guy was wanting to put $300k into apple stock and Martin said it was a lot of money, noting even successful hedge fund founders wouldn't scoff at that

>> No.28469942

>>28465731
His gf is the Bloomberg journalist lady?

>> No.28470078

>>28465506
Didn’t he work in Mad Money Jim Cramer’s hedge fund? I wonder what that was like.

>> No.28470385

>>28465506
>the most important thing you can do is get your INCOME up, then passively invest your income to become a multimillionaire
That's not what he's saying. He's elaborated on this many times. He simply doesn't believe in individual investing at all. Skilled investors should run hedge funds and unskilled investors should put their money in hedge fund, but nobody should be playing the market with their own money.

>> No.28470745

>>28465506
he's completely right, what can you even buy with it other than a few toys or maybe a new kitchen

>> No.28471426

>>28466340
No because he is a faggot and genuinely believes that as a 24 year old, 100k is nothing

>> No.28471451

>>28466340
Stop crying goy.

>> No.28471792

>>28470385
That’s what a hedge fund manager would say, even if its not true. It’s like anything else, some people are good, some bad, and most can get better with training. It’s not arcane wizardry.

>> No.28471909

>>28470385
>that's right goy you cannot be trusted with your own money, give it to us and let us siphon fees off it

What did (((they))) mean by this?

>> No.28472007

>>28465880
You're a mark.

>> No.28472079

>>28470745
$100k can buy you a lot of 5x shitcoins. Put $20k into 5 different decent coins with 5x potential and you'll have $500k in one to two years.

>> No.28472188

>>28465506
in the life of odds he's right. you are less likely to strike it lucky rich if you're just gambling on crypto/stocks.

play the cash flow game. you win that game 100% of the time just from having a great paying job because you have more capital to invest. it's called capital-ism for a fucking reason.

>> No.28472394

>>28465506
Didn't he start with that amount of money and turn it into millions? Or maybe I'm thinking of the wrong guy.

>> No.28472436
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28472436

>>28465506
>Is Martin right? This jives with the advice every intelligent person I’ve ever known has given me, the most important thing you can do is get your INCOME up, then passively invest your income to become a multimillionaire. The best way to get your income up is through acquiring skills. This goes against the /biz/ philosophy, so who is right?

Realize that he's in the stock market, there's a brand new industry that is set to completely revolutionize the financial world, the stock market, everything. His advice works, for the stock market, but the crypto world is COMPLETELY different. People have become millionaires with chump change. Lurk around this board more. Being in the environment and learning what's going on will take you a lot farther than his advice.

>> No.28473499

>>28466340
Ask me how I know you're a trannyjew

>> No.28473623

>>28465880
>explains concepts in finance or science or pharmacology or any of the other dozen things he’s mastered.
He has not even come close to mastering science or pharmacology, you utter brainlet.
He has a decent understanding for an investor but that's it.

>> No.28473713
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28473713

>>28465506

Why do you post this every day? This is my first investment period and I'm up $400,000.

>> No.28473789

>>28466185
kek

>> No.28473810

>>28472436
This thread is likely started by a guy who lost all his money on crypto, and every time he sees a 6 fig port he makes this thread.

>> No.28473921

>>28465506
he is being dismissive to put off the thousands of retards who ask him 'what stock do I buy to get rich bro' question.

>> No.28473942

>>28473810

Only a retarded faggot would "lose all of their money on crypto" jesus christ how fucking braindead are you losers?

>> No.28474204

>>28470385
In 2020, retail investors 10x’d hedge funds

>> No.28474292

>>28465506

Maybe if you're a cuck to money for it's own sake
If 100k is enough for you then who is anybody to tell you it's nothing? Many people have far less than that
Making more money than you need to do what you actually want to do is just a waste of your life

>> No.28474346

>>28466222
It even has the same first couple of replies

>> No.28474918

>>28465506
>makes one good trade in his life and could be totally set for life
>massive ego won't let him stop
>pisses away tons of money on bad trades because he's a moron
>starts resorting to shadier and more illegal things because he is too incompetent to consistently make money
>gets 7 years in prison in one of the most notorious market manipulation cases
>still continues to act like an ass to ensure he has to serve the entire sentence
Guy is a braindead insecure clown

>> No.28474934

>>28465858
nigger this man found out the system was fucking HIM so he took the same tools (they) were using against him and played it to his advantage.

and you dont see the million dollar genius behind all that? lol.

>> No.28475111

>>28472436
The value prop of crypto doesn’t require 5000 different assets to function. 99% of shittokens will never be “used” for anything except speculation

>> No.28475126

>>28467545
Find an easier way that doesn’t involve getting shot by the police or gangbangers. It might not be a ton of money but with the coming fed collapse any hard asset is only going to moon.

>> No.28475184

>>28465506
He is 100% correct. The way you make money is through having a large income. Retards here this and think "job", but it just means money coming in from someone else. Making a business, selling a company, having a company you founded go public, being the CEO of a company, getting paid by jewish overloards to suck thier dicks and shill for gloablism. Whatever it is, the most important thing is to get money coming in first. Then the investing part is making sure you don't lose it like some stupid lottery winner. Only exception to this rule is crypto where you can make 10000% return in only a few years.

>> No.28475272

>>28472007
Bingo.

>> No.28475354

>>28465731
I think the point is here: if you are the kind of person who calls Martin Shkreli's livestream to ask what to do with 100k, then you probably aren't smart enough to grow that 100k with active investing.

>> No.28475408

>>28465506
>the most important thing you can do is get your INCOME up, then passively invest your income to become a multimillionaire
well duh

>> No.28475576

>>28475184
>where you can make 10000%
*could
ftfy. the days of 100x are over.

>> No.28475722

>>28475576
t. sold early

>> No.28475886

>>28475408
a lot of young people who got lucky from putting their parents' money in some shitcoin think they don't have to work anymore and could make a living from crypto. I pray for them when it crashes

>> No.28475888

>>28475408
a lot of young people who got lucky from putting their parents' money in some shitcoin think they don't have to work anymore and could make a living from crypto. I pray for them when it crashes

>> No.28475905
File: 187 KB, 3000x3000, this.jpg [View same] [iqdb] [saucenao] [google]
28475905

>>28469548

>> No.28476318

He's a smug faggot and it's smart, if he was smart then he wouldn't have pissed off the gov for literally no reason to be made an example out of. What a dumb fuck, holy shit.

>> No.28476647

>>28465858
I thought that was called leverage.

>> No.28477320

>>28473623
not sure if youre trolling he totally outclasses the average grad student/professor/researcher

>> No.28477590

>>28465506
but anyway if hal finneys prediction is right and it becomes a settlement standard you only need .002 BTC to be in the global middle class

>> No.28478035

>>28470385
So he's a complete and utter fucking moron? Or a jew.

>> No.28478257

>>28470385
i mean he obviously just thinks very lowly of the avg person and if crypto didnt have absolutely face melting returns that any retard could get into just by being personally convinced by a thesis/narrative that happens to be correct, he would be right normies simply cannot make it in the traditional market, this is basically a once in a millenia opportunity climb out of serfdom

>> No.28478797

>>28465955
>Martin is also kind of an idiot
>He's smart
Which one is it?

>> No.28478948

>>28465506
That just seems like him flexing. 90% of people on this planet are never going to see 100k in their lives. And that amount of money still opens up a lot of opportunities.

>> No.28478959

>>28474934
>steal people's money who generously trusted you with millions
they b fuckin the shkreli, no one play him like dat tho

>> No.28479017

>>28478797
Smart enough to get 7 years in jail and live alone.

>> No.28479084

I'd rather have 100k, not be in prison, and not be a manlet than ever be Martin lmao

>> No.28479164
File: 69 KB, 220x220, leave.gif [View same] [iqdb] [saucenao] [google]
28479164

>>28465506
There's at least one anon who proved on /biz/ with more money than Shkreli, who made over $42 million from less than 100k.

>> No.28479205

>>28479084
Yeah they even took away his video games. Perma banned from the stock market

>> No.28479229

>>28466185
Fuckin lol

>> No.28479326

>>28467545
i 65x $500 on BRLL. suck my cock

>> No.28479378

>>28469339
a priori a young guy calling him for advice doesnt have enough money to pay for proper advice. information which is, btw, freely available everywhere.

>> No.28479544

>>28469942
Sort of? She started to fall in love with him when he first spoke to her. She said she hates him but she left and divorce her long term husband, her home, and got fired from her job. She basically a real life Harley Quinn.

>> No.28479612

>>28466340
It's because people have to live and breathe the consequences of that groups actions every waking hour of their lives. Especially when they are so intimately woven with the matters of business and finance.

>> No.28479631

>>28465506
It’s shit advice because you can’t get your income up in today’s world. There are no jobs

>> No.28479777

>>28477320
IT's not that hard to understand holy fuck you guys are brainlets. Just because he studies khanacademy doesn't make him a genious.

>> No.28479942

>>28472188
But you can’t get a good job

>> No.28480119

>>28475184
You can’t get a good job anymore

>> No.28480187

>>28465506
I feel like martin assumed this guy wanted to make a living off the 100k by investing and becoming a millionaire. it's like someone saying they have 100k and want to play poker professionally most likely it's not going to happen 95% of poker players lose long term and the ones that win don't even make that much.

I feel like if you have 100k saved up and want to invest it because it's not doing anything in a savings account it would be wise to do it, with the help of knowledgeable people like a mutual fund or ETF. Or if you're a studious person and can do DD manage the 100k investments yourself.

Seriously the guy could put the 100k in a few value stocks and probably be sitting pretty decent 5 years from when this video was made. I don't understand why Shkreli tried to basically HARD no his idea on investing. That just makes me believe he's manipulative and will actively try to guide people in the wrong way.

>> No.28480214

>>28465506
>Dude just get a job at your dad's investment bank

>> No.28480521

>>28480214
Dud just convince jeff to give you 10 million

>> No.28480662

>>28465880
>I’ve never come across anyone like that in real life.
thats because you live in a shithole midwestern state trevor

>> No.28480912 [DELETED] 

>>28480187
It sbecause he's arrogant and egotistical. In the same video he calls himself he likens himself to an MMA Pro for finance. He has grandiose opinions of his abilities to "analyse" stocks and actively needs to remind people of how much richer and smarter he is to others to satisfy his unhealthy ego and reaffirm his self worth.

It's why he used to stream a lot, not to help people but to gratify himself and his insecurities.

>> No.28480925

>>28475576
lol

>> No.28481016

>>28465506
Right and wrong. 100k should be invested, but you can't not work with that much invested.

>> No.28481074

>>28477320
He has NEVER demonstrated any understanding of those topics that's even on the level of a bachelor's thesis.

>> No.28481697

What Shkreli did wrong was exactly this. Catering to the autistic 4chan crowd and being a non-likeable person. If he had just a little bit more charisma and didn't look so arrogant and as a capitalist, he would be rich, not in prison and people would barely know him. He should have hired an attractive PR lady which spoke for him in a compassionate way. But he wanted to be the center of attention and live as a "meme". Pfizer and all pharma companies do the shit he did on a daily basis on a much larger scale i guarantee you the corona vaccines cost a magnitude less than what they are offered for. The limited supply is to incite bidding wars. But that's all legal and okay because the CEO of pfizer doesn't go on YouTube live streaming how he's exploiting the market.

Shkreli is a narcissist and he loves the persona and attention. That's what went wrong.

>> No.28481833
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28481833

Why did he stream lessons about the stock market to an audience of 5 digit poorfags then?

>> No.28481945

ive made 10k with 2k sooo

>> No.28482011

Yes any respectable businessman should strive to achieve the accomplishments of Martin Shkreli

>> No.28482302

>>28465506
why do you post this every fucking day you faggot

>> No.28482621

>>28479544
Shkreli maybe maybe slept with her once, and she's just making shit up.

>> No.28482723

>>28481697
No, he literally made it impossible for another company to make a generic, which puts his foot in the FDA's mouth and make them look bad.

>> No.28482981

>>28465928
He's Albanian, which is worse.

>> No.28484137

>>28465731
>Martin is also kind of an idiot, and I've extensively studied him.
>Proceeds to get half of the information about him wrong

I don't even like the guy but fuck his haters are retarded.

>> No.28484698

>>28481833
You’re clearly a poorfag who doesn’t understand numbers

I’m 4 digits and rich

>> No.28484815

This guy is a fucking ultra neet with trust fund money, I wish he was still a mod on WSB so we could see his faggot ass seethe as thousands of people have turned $1200 stimulus checks into fucking millions.

>> No.28484946

>>28482723
The FDA lets this happen all the time.

>> No.28484980

>>28465506
if he's so smart tell me this, why is he in jail? kek. like he could have acted less smug and not had the book thrown at him. not many money making opportunities on the inside is there? lmao what a dumbass

>> No.28486343

>>28465651
This.
You need to know what you're doing by the time you're managing 1 million+.
If you make a big mistake at 100k and lose 60% you cqn recover that 60k by saving 2 or 3 years in your high paying job.
If you slave your way up to a million and then say, now its time to learn stonk game and you get a 600k loss, you need a second life to get you back through waging.
Even if at that time you've made a career and you doubled your income it will take you five times as long to recover.

>> No.28486396

>>28466044
Correct post.
Unappreciated dubs, I am here to witness you.