-
The Growing Problem With Personal Finance YouTuber "Influencers"
Sign up for my newsletter https://compoundeddaily.com 👈
------
I have some bad news for you…
You are probably not going to be rich.
Not a particularly positive message to start a video on but its something that people need to hear from time to time.
Unfortunately, this is not something that most people want to hear, so there is no shortage of people out there that will tell you exactly the opposite, normally as a way to pitch you some kind of product.
Now of course most of you watching know that the YouTube ads saying that you can earn 6 figures in a month by selling on Amazon, Forex trading, or flipping real estate are full of shit.
But they still all follow a pretty similar routine,
hey, you can get rich
as long as you are willing to do XYZ
while listening to the advice I ...
published: 30 Apr 2021
-
Is Finance the Right Career for You? (Ask Yourself these Questions)
💡Break into Investment Banking by learning DCF valuation, accretion / dilution, and recruiting strategy: https://bit.ly/PFInvestmentBanking
📚 Free recruiting resources: https://peakframeworks.com
Finance is a very lucrative and rewarding career path, but it's not for everyone. You need to work extremely hard in school to be a top candidate and most finance firms have a very intense culture, where you'll easily be working over 60 hours per week. In this video, we'll go over some questions you can ask yourself to determine whether finance is the right long-term career path for you.
** Full Blog Post: https://www.peakframeworks.com/post/finance-tradeoff
** My Personal Blog: https://www.mattting.com/2019/07/12/the-unstructured-path/
0:00 - Types of People that Go into Finance
0:52 - Step 1:...
published: 25 Nov 2021
-
Highest Paying Finance Career Tier List (Finance Jobs Ranked)
If you’re looking to protect your family from identity theft and fraud, my sponsor Aura makes it really simple. Their app uses AI to do all the hard work for you. Try 14 days for free:
https://aura.com/shanehummus
----------
These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers ...
published: 06 Jun 2022
-
Top 5 Finance Skills HIGH IN DEMAND + Resources to Get a Finance Job
✅ Access my GDPI (MBA interview) prep course: shwetaarora.in
published: 08 Oct 2022
-
Why Finance "Gurus" Want You To Hate Them - How Money Works
Find out how many times your information has been leaked on the dark web by trying Aura for 14 days completely free: http://Aura.com/HowMoneyWorks
Sign up for my newsletter https://compoundeddaily.com 👈
Thanks to Aura for sponsoring this video
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.
These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.
The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to...
published: 08 Jun 2022
-
Why You Should NOT Work In Finance
Some insight I wanted to share about working in investment banking from my peers and general info I scraped online.
Disclaimer: These are just opinions, grain of salt.
My instagram: https://www.instagram.com/evanwaang/
My email: evanwaang2020@gmail.com
published: 28 Nov 2022
-
non-Investment Banking Finance Job with HIGH PAY & GREAT WORK LIFE BALANCE?
meet with me 1-on-1: https://forms.gle/LRdnvX7inZWYoBrj7
blog: https://www.bryanjun.com/
korean channel: https://bit.ly/2OU42x8
instagram: https://www.instagram.com/bryan_jun/
twitter: https://twitter.com/thebryanjun
clubhouse: @bryanjun
BOOK ON WALLSTREET JOBS: https://amzn.to/3cfxW7O
MY MICROPHONE: https://amzn.to/3g4DfIl
MY CAMERA: https://amzn.to/37JMo2R
MY RING LIGHT: https://amzn.to/3vSFa9x
MY AMAZON PAGE: https://www.amazon.com/shop/bryanjun
*DISCLAIMER: The Amazon links above are my unique affiliate code and I get a percentage of sales if you use the link to purchase items on Amazon's website*
published: 19 Jun 2021
-
How Global Finance Really Works
The Guv' breaks down how the finance markets really work.
------------
Follow the Al on Twitter at http://www.twitter.com/almurray
Become a fan on Facebook at https://www.facebook.com/thepublandlord/
published: 24 Dec 2019
-
Comércio Exterior - O que é Trading Company?
Comércio Exterior: O que é Trading Company?
Curtiu esse corte? Assista o EP completo no canal Youtube/Instagram @alemdocnpj
#empreendedor #empreendedorismo #ecommerce #claudiothiago #shorts
published: 25 Feb 2024
-
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour | Big Think
Everything You Need to Know About Finance and Investing in Under an Hour
Watch the newest video from Big Think: https://bigth.ink/NewVideo
Join Big Think Edge for exclusive videos: https://bigth.ink/Edge
----------------------------------------------------------------------------------
Bill Ackman is one of the top investors in the world, and he's said that he's aiming to have "one of the greatest investment track records of all time." As the CEO of Pershing Square Capital Management, the hedge fund he founded, he oversees $19 billion in assets.
But before he became one of the elite, he learned the basics of investing in his early 20s.
This Big Think video is aimed at young professionals just starting out, as well as those who are more experienced but lack a financial background.
Ackm...
published: 27 Nov 2012
10:54
The Growing Problem With Personal Finance YouTuber "Influencers"
Sign up for my newsletter https://compoundeddaily.com 👈
------
I have some bad news for you…
You are probably not going to be rich.
Not a particularly posi...
Sign up for my newsletter https://compoundeddaily.com 👈
------
I have some bad news for you…
You are probably not going to be rich.
Not a particularly positive message to start a video on but its something that people need to hear from time to time.
Unfortunately, this is not something that most people want to hear, so there is no shortage of people out there that will tell you exactly the opposite, normally as a way to pitch you some kind of product.
Now of course most of you watching know that the YouTube ads saying that you can earn 6 figures in a month by selling on Amazon, Forex trading, or flipping real estate are full of shit.
But they still all follow a pretty similar routine,
hey, you can get rich
as long as you are willing to do XYZ
while listening to the advice I give you!
Again when it turns out that this advice is something that you have to pay for, most people get wise to the fact that it’s all just a massive scam.
Of course some don’t, which is tragic and there really genuinely should be more done about this, but that’s a story for another time… or a Coffeezilla video.
Instead the focus of this video will be on a group of internet guru’s with much more influence, a much larger following, and much more credibility, the personal finance personalities.
So it’s time to learn how money works and find out why you probably shouldn’t be learning to work your money like these popular YouTubers might suggest.
#PersonalFinance #Investing #HowMoneyWorks
___________________________________________________________________________
Music by Epidemic Sound
Links to all channels mentioned in this video
Meet Kevin - https://www.youtube.com/c/MeetKevin
Coffeezilla - https://www.youtube.com/channel/UCFQMnBA3CS502aghlcr0_aw
Graham Stephan - https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ
Andrei Jihk - https://www.youtube.com/channel/UCGy7SkBjcIAgTiwkXEtPnYg
The Plain Bagel - https://www.youtube.com/channel/UCFCEuCsyWP0YkP3CZ3Mr01Q
https://wn.com/The_Growing_Problem_With_Personal_Finance_Youtuber_Influencers
Sign up for my newsletter https://compoundeddaily.com 👈
------
I have some bad news for you…
You are probably not going to be rich.
Not a particularly positive message to start a video on but its something that people need to hear from time to time.
Unfortunately, this is not something that most people want to hear, so there is no shortage of people out there that will tell you exactly the opposite, normally as a way to pitch you some kind of product.
Now of course most of you watching know that the YouTube ads saying that you can earn 6 figures in a month by selling on Amazon, Forex trading, or flipping real estate are full of shit.
But they still all follow a pretty similar routine,
hey, you can get rich
as long as you are willing to do XYZ
while listening to the advice I give you!
Again when it turns out that this advice is something that you have to pay for, most people get wise to the fact that it’s all just a massive scam.
Of course some don’t, which is tragic and there really genuinely should be more done about this, but that’s a story for another time… or a Coffeezilla video.
Instead the focus of this video will be on a group of internet guru’s with much more influence, a much larger following, and much more credibility, the personal finance personalities.
So it’s time to learn how money works and find out why you probably shouldn’t be learning to work your money like these popular YouTubers might suggest.
#PersonalFinance #Investing #HowMoneyWorks
___________________________________________________________________________
Music by Epidemic Sound
Links to all channels mentioned in this video
Meet Kevin - https://www.youtube.com/c/MeetKevin
Coffeezilla - https://www.youtube.com/channel/UCFQMnBA3CS502aghlcr0_aw
Graham Stephan - https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ
Andrei Jihk - https://www.youtube.com/channel/UCGy7SkBjcIAgTiwkXEtPnYg
The Plain Bagel - https://www.youtube.com/channel/UCFCEuCsyWP0YkP3CZ3Mr01Q
- published: 30 Apr 2021
- views: 1094010
7:41
Is Finance the Right Career for You? (Ask Yourself these Questions)
💡Break into Investment Banking by learning DCF valuation, accretion / dilution, and recruiting strategy: https://bit.ly/PFInvestmentBanking
📚 Free recruiting re...
💡Break into Investment Banking by learning DCF valuation, accretion / dilution, and recruiting strategy: https://bit.ly/PFInvestmentBanking
📚 Free recruiting resources: https://peakframeworks.com
Finance is a very lucrative and rewarding career path, but it's not for everyone. You need to work extremely hard in school to be a top candidate and most finance firms have a very intense culture, where you'll easily be working over 60 hours per week. In this video, we'll go over some questions you can ask yourself to determine whether finance is the right long-term career path for you.
** Full Blog Post: https://www.peakframeworks.com/post/finance-tradeoff
** My Personal Blog: https://www.mattting.com/2019/07/12/the-unstructured-path/
0:00 - Types of People that Go into Finance
0:52 - Step 1: Do You Like Finance Itself?
3:50 - Step 2: Decide What Work / Life Balance You Want
5:13 - Step 3: Find Mentors With Similar Values as You
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: https://www.linkedin.com/in/matthewting/
Patrick Fong (HBS 2021): https://www.linkedin.com/in/patrick-fong-0b773041/
#InvestmentBanking #PrivateEquity #FinanceCareers
https://wn.com/Is_Finance_The_Right_Career_For_You_(Ask_Yourself_These_Questions)
💡Break into Investment Banking by learning DCF valuation, accretion / dilution, and recruiting strategy: https://bit.ly/PFInvestmentBanking
📚 Free recruiting resources: https://peakframeworks.com
Finance is a very lucrative and rewarding career path, but it's not for everyone. You need to work extremely hard in school to be a top candidate and most finance firms have a very intense culture, where you'll easily be working over 60 hours per week. In this video, we'll go over some questions you can ask yourself to determine whether finance is the right long-term career path for you.
** Full Blog Post: https://www.peakframeworks.com/post/finance-tradeoff
** My Personal Blog: https://www.mattting.com/2019/07/12/the-unstructured-path/
0:00 - Types of People that Go into Finance
0:52 - Step 1: Do You Like Finance Itself?
3:50 - Step 2: Decide What Work / Life Balance You Want
5:13 - Step 3: Find Mentors With Similar Values as You
Peak Frameworks is a business career prep service started by Matt Ting and Patrick Fong, who have each spent several years working in investment banking and private equity in New York and Silicon Valley. Matt and Patrick met at Evercore, a top tier investment bank, and over the years have tutored and coached dozens of candidates to land their dream business job.
Matt Ting: https://www.linkedin.com/in/matthewting/
Patrick Fong (HBS 2021): https://www.linkedin.com/in/patrick-fong-0b773041/
#InvestmentBanking #PrivateEquity #FinanceCareers
- published: 25 Nov 2021
- views: 115440
13:23
Highest Paying Finance Career Tier List (Finance Jobs Ranked)
If you’re looking to protect your family from identity theft and fraud, my sponsor Aura makes it really simple. Their app uses AI to do all the hard work for yo...
If you’re looking to protect your family from identity theft and fraud, my sponsor Aura makes it really simple. Their app uses AI to do all the hard work for you. Try 14 days for free:
https://aura.com/shanehummus
----------
These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, don't just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.
Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
https://wn.com/Highest_Paying_Finance_Career_Tier_List_(Finance_Jobs_Ranked)
If you’re looking to protect your family from identity theft and fraud, my sponsor Aura makes it really simple. Their app uses AI to do all the hard work for you. Try 14 days for free:
https://aura.com/shanehummus
----------
These videos are for entertainment purposes only and they are just Shane's opinion based off of his own life experience and the research that he's done. Shane is not an attorney, CPA, insurance, or financial advisor and the information presented shall not be construed as tax, legal, insurance, safety or financial advice. If stocks or companies are mentioned, Shane might have an ownership interest in them. Affiliate links may be present, the offers and numbers presented may change over time so please make sure to confirm that the offer is still valid. Some offers mentioned may no longer be available or they have been changed. Please don’t make buying or selling decisions based on Shane’s videos. If you need such advice, please contact the qualified legal or financial professionals, don't just trust the opinion of a stranger on the internet and always make sure to do your own research and enjoy this family friendly content.
Sources and further readings for jobs and college degrees:
bls.gov(bureau of labor statistics)
nces.ed.gov(national center for educational statistics)
payscale(provides information on jobs and degrees)
- published: 06 Jun 2022
- views: 394260
10:36
Why Finance "Gurus" Want You To Hate Them - How Money Works
Find out how many times your information has been leaked on the dark web by trying Aura for 14 days completely free: http://Aura.com/HowMoneyWorks
Sign up for ...
Find out how many times your information has been leaked on the dark web by trying Aura for 14 days completely free: http://Aura.com/HowMoneyWorks
Sign up for my newsletter https://compoundeddaily.com 👈
Thanks to Aura for sponsoring this video
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.
These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.
The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.
But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.
These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.
The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.
But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?
#howmoneyworks
___________________________________________________________________________
Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR
Music by Epidemic Sound
Stock footage by Storyblocks
https://wn.com/Why_Finance_Gurus_Want_You_To_Hate_Them_How_Money_Works
Find out how many times your information has been leaked on the dark web by trying Aura for 14 days completely free: http://Aura.com/HowMoneyWorks
Sign up for my newsletter https://compoundeddaily.com 👈
Thanks to Aura for sponsoring this video
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.
These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.
The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.
But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?
Financial charlatans promising people the secrets to getting rich quick have been around for as long as capitalism itself.
These people will present themselves as wildly successful before offering up the secrets to their success for a steep price.
The modern incarnation of scummy business model got it’s start with cheesy so called “financial Gurus” who would pay for ad spots on late night TV infomercials. Today the practice has become more popular with social media platforms like Facebook, Instagram and TikTok giving these men direct access to millions of potential victims.
But if these men are trying to convince people of their supposed financial brilliance, why don’t they present a more professional image?
#howmoneyworks
___________________________________________________________________________
Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR
Music by Epidemic Sound
Stock footage by Storyblocks
- published: 08 Jun 2022
- views: 336530
6:30
Why You Should NOT Work In Finance
Some insight I wanted to share about working in investment banking from my peers and general info I scraped online.
Disclaimer: These are just opinions, grain...
Some insight I wanted to share about working in investment banking from my peers and general info I scraped online.
Disclaimer: These are just opinions, grain of salt.
My instagram: https://www.instagram.com/evanwaang/
My email: evanwaang2020@gmail.com
https://wn.com/Why_You_Should_Not_Work_In_Finance
Some insight I wanted to share about working in investment banking from my peers and general info I scraped online.
Disclaimer: These are just opinions, grain of salt.
My instagram: https://www.instagram.com/evanwaang/
My email: evanwaang2020@gmail.com
- published: 28 Nov 2022
- views: 7490
6:55
non-Investment Banking Finance Job with HIGH PAY & GREAT WORK LIFE BALANCE?
meet with me 1-on-1: https://forms.gle/LRdnvX7inZWYoBrj7
blog: https://www.bryanjun.com/
korean channel: https://bit.ly/2OU42x8
instagram: https://www.instagra...
meet with me 1-on-1: https://forms.gle/LRdnvX7inZWYoBrj7
blog: https://www.bryanjun.com/
korean channel: https://bit.ly/2OU42x8
instagram: https://www.instagram.com/bryan_jun/
twitter: https://twitter.com/thebryanjun
clubhouse: @bryanjun
BOOK ON WALLSTREET JOBS: https://amzn.to/3cfxW7O
MY MICROPHONE: https://amzn.to/3g4DfIl
MY CAMERA: https://amzn.to/37JMo2R
MY RING LIGHT: https://amzn.to/3vSFa9x
MY AMAZON PAGE: https://www.amazon.com/shop/bryanjun
*DISCLAIMER: The Amazon links above are my unique affiliate code and I get a percentage of sales if you use the link to purchase items on Amazon's website*
https://wn.com/Non_Investment_Banking_Finance_Job_With_High_Pay_Great_Work_Life_Balance
meet with me 1-on-1: https://forms.gle/LRdnvX7inZWYoBrj7
blog: https://www.bryanjun.com/
korean channel: https://bit.ly/2OU42x8
instagram: https://www.instagram.com/bryan_jun/
twitter: https://twitter.com/thebryanjun
clubhouse: @bryanjun
BOOK ON WALLSTREET JOBS: https://amzn.to/3cfxW7O
MY MICROPHONE: https://amzn.to/3g4DfIl
MY CAMERA: https://amzn.to/37JMo2R
MY RING LIGHT: https://amzn.to/3vSFa9x
MY AMAZON PAGE: https://www.amazon.com/shop/bryanjun
*DISCLAIMER: The Amazon links above are my unique affiliate code and I get a percentage of sales if you use the link to purchase items on Amazon's website*
- published: 19 Jun 2021
- views: 305033
20:42
How Global Finance Really Works
The Guv' breaks down how the finance markets really work.
------------
Follow the Al on Twitter at http://www.twitter.com/almurray
Become a fan on Facebook a...
The Guv' breaks down how the finance markets really work.
------------
Follow the Al on Twitter at http://www.twitter.com/almurray
Become a fan on Facebook at https://www.facebook.com/thepublandlord/
https://wn.com/How_Global_Finance_Really_Works
The Guv' breaks down how the finance markets really work.
------------
Follow the Al on Twitter at http://www.twitter.com/almurray
Become a fan on Facebook at https://www.facebook.com/thepublandlord/
- published: 24 Dec 2019
- views: 963845
0:48
Comércio Exterior - O que é Trading Company?
Comércio Exterior: O que é Trading Company?
Curtiu esse corte? Assista o EP completo no canal Youtube/Instagram @alemdocnpj
#empreendedor #empreendedorismo #e...
Comércio Exterior: O que é Trading Company?
Curtiu esse corte? Assista o EP completo no canal Youtube/Instagram @alemdocnpj
#empreendedor #empreendedorismo #ecommerce #claudiothiago #shorts
https://wn.com/Comércio_Exterior_O_Que_É_Trading_Company
Comércio Exterior: O que é Trading Company?
Curtiu esse corte? Assista o EP completo no canal Youtube/Instagram @alemdocnpj
#empreendedor #empreendedorismo #ecommerce #claudiothiago #shorts
- published: 25 Feb 2024
- views: 885
43:57
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour | Big Think
Everything You Need to Know About Finance and Investing in Under an Hour
Watch the newest video from Big Think: https://bigth.ink/NewVideo
Join Big Think Edge f...
Everything You Need to Know About Finance and Investing in Under an Hour
Watch the newest video from Big Think: https://bigth.ink/NewVideo
Join Big Think Edge for exclusive videos: https://bigth.ink/Edge
----------------------------------------------------------------------------------
Bill Ackman is one of the top investors in the world, and he's said that he's aiming to have "one of the greatest investment track records of all time." As the CEO of Pershing Square Capital Management, the hedge fund he founded, he oversees $19 billion in assets.
But before he became one of the elite, he learned the basics of investing in his early 20s.
This Big Think video is aimed at young professionals just starting out, as well as those who are more experienced but lack a financial background.
Ackman takes viewers through the founding of a lemonade stand to teach the basics, explaining how investors pay for equity, a word interchangeable with "stock." In the example, the owner starts with $750, with $250 of that coming from a loan.
----------------------------------------------------------------------------------
WILLIAM ACKMAN:
William Ackman is founder and CEO of Pershing Square Capital Management. Formed in 2003, the hedge-fund has acquired significant shares in companies such as JC Penney, General Growth Properties, Fortune Bands and Kraft Foods. Ackman advocates strategies of "activist investing," the practice of using stock shares in publicly-traded companies to influence management practices in a way that benefits shareholder interests.
----------------------------------------------------------------------------------
TRANSCRIPT:
Hi, I'm Bill Ackman. I'm the CEO of Pershing Square Capital Management and I'm here today to talk to you about everything you need to know about finance and investing and I'm going to get it done in an hour and you’ll be ready to go.
How to Start and Grow a Business
So let’s begin. We’re going to go into business together. We’re going to start a company and we’re going to start a lemonade stand and now I don’t have any money today, so I'm going to have to raise money from investors to launch the business. So how am I going to do that? Well I'm going to form a corporation. That is a little filing that you make with the State and you come up with a name for a business. We’ll call it Bill’s Lemonade Stand and we’re going to raise money from outside investors. We need a little money to get started, so we’re going to start our business with 1,000 shares of stock. We just made up that number and we’re going to sell 500 shares more for a $1 each to an investor. The investor is going to put up $500. We’re going to put up the name and the idea. We’re going to have 1,000 shares. He is going to have 500 shares. He is going to own a third of the business for his $500.
So what is our business worth at the start? Well it’s worth $1,500. We have $500 in the bank plus $1,000 because I came up with the idea for the company. Now I'm going to need a little more than $500, so what am I going to do? I'm going to borrow some money. I'm going to borrow from a friend and he’s going to lend me $250 and we’re going to pay him 10% interest a year for that loan.
Now why do we borrow money instead of just selling more stock? Well by borrowing money we keep more of the stock for ourselves, so if the business is successful we’re going to end up with a bigger percentage of the profits.
So now we’re going to take a look at what the business looks like on a piece of paper. We’re going to look at something called a balance sheet and a balance sheet tells you where the company stands, what your assets are, what your liabilities are and what your net worth or shareholder equity is. If you take your assets, in this case we’ve raised $500. We also have what is called goodwill because we’ve said the business—in exchange for the $500 the person who put up the money only got a third of the business. The other two-thirds is owned by us for starting the company. That is $1,000 of goodwill for the business. We borrowed $250. We’re going to owe $250. That is a liability. So we have $500 in cash from selling stock, $250 from raising debt and we owe a $250 loan and we have a corporation that has, and you’ll see on the chart, shareholders’ equity of $1,500, so that’s our starting point.
Now let’s keep moving. What do we need to do to start our company? We need a lemonade stand. That’s going to cost us about $300. That is called a fixed asset. Unlike lemon or sugar or water this is something like a building that you buy and you build it. It wears out over time, but it’s a fixed asset. And then you need some inventory. What do you need to make lemonade? You need sugar. You need water. You need lemons...
Read the full transcript at https://bigthink.com/videos/learn-to-invest-and-start-a-business-in-under-an-hour
https://wn.com/William_Ackman_Everything_You_Need_To_Know_About_Finance_And_Investing_In_Under_An_Hour_|_Big_Think
Everything You Need to Know About Finance and Investing in Under an Hour
Watch the newest video from Big Think: https://bigth.ink/NewVideo
Join Big Think Edge for exclusive videos: https://bigth.ink/Edge
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Bill Ackman is one of the top investors in the world, and he's said that he's aiming to have "one of the greatest investment track records of all time." As the CEO of Pershing Square Capital Management, the hedge fund he founded, he oversees $19 billion in assets.
But before he became one of the elite, he learned the basics of investing in his early 20s.
This Big Think video is aimed at young professionals just starting out, as well as those who are more experienced but lack a financial background.
Ackman takes viewers through the founding of a lemonade stand to teach the basics, explaining how investors pay for equity, a word interchangeable with "stock." In the example, the owner starts with $750, with $250 of that coming from a loan.
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WILLIAM ACKMAN:
William Ackman is founder and CEO of Pershing Square Capital Management. Formed in 2003, the hedge-fund has acquired significant shares in companies such as JC Penney, General Growth Properties, Fortune Bands and Kraft Foods. Ackman advocates strategies of "activist investing," the practice of using stock shares in publicly-traded companies to influence management practices in a way that benefits shareholder interests.
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TRANSCRIPT:
Hi, I'm Bill Ackman. I'm the CEO of Pershing Square Capital Management and I'm here today to talk to you about everything you need to know about finance and investing and I'm going to get it done in an hour and you’ll be ready to go.
How to Start and Grow a Business
So let’s begin. We’re going to go into business together. We’re going to start a company and we’re going to start a lemonade stand and now I don’t have any money today, so I'm going to have to raise money from investors to launch the business. So how am I going to do that? Well I'm going to form a corporation. That is a little filing that you make with the State and you come up with a name for a business. We’ll call it Bill’s Lemonade Stand and we’re going to raise money from outside investors. We need a little money to get started, so we’re going to start our business with 1,000 shares of stock. We just made up that number and we’re going to sell 500 shares more for a $1 each to an investor. The investor is going to put up $500. We’re going to put up the name and the idea. We’re going to have 1,000 shares. He is going to have 500 shares. He is going to own a third of the business for his $500.
So what is our business worth at the start? Well it’s worth $1,500. We have $500 in the bank plus $1,000 because I came up with the idea for the company. Now I'm going to need a little more than $500, so what am I going to do? I'm going to borrow some money. I'm going to borrow from a friend and he’s going to lend me $250 and we’re going to pay him 10% interest a year for that loan.
Now why do we borrow money instead of just selling more stock? Well by borrowing money we keep more of the stock for ourselves, so if the business is successful we’re going to end up with a bigger percentage of the profits.
So now we’re going to take a look at what the business looks like on a piece of paper. We’re going to look at something called a balance sheet and a balance sheet tells you where the company stands, what your assets are, what your liabilities are and what your net worth or shareholder equity is. If you take your assets, in this case we’ve raised $500. We also have what is called goodwill because we’ve said the business—in exchange for the $500 the person who put up the money only got a third of the business. The other two-thirds is owned by us for starting the company. That is $1,000 of goodwill for the business. We borrowed $250. We’re going to owe $250. That is a liability. So we have $500 in cash from selling stock, $250 from raising debt and we owe a $250 loan and we have a corporation that has, and you’ll see on the chart, shareholders’ equity of $1,500, so that’s our starting point.
Now let’s keep moving. What do we need to do to start our company? We need a lemonade stand. That’s going to cost us about $300. That is called a fixed asset. Unlike lemon or sugar or water this is something like a building that you buy and you build it. It wears out over time, but it’s a fixed asset. And then you need some inventory. What do you need to make lemonade? You need sugar. You need water. You need lemons...
Read the full transcript at https://bigthink.com/videos/learn-to-invest-and-start-a-business-in-under-an-hour
- published: 27 Nov 2012
- views: 12056496