Comments on: The Gravy Train http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/ Fri, 03 Feb 2012 02:33:09 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: JQ Public http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-7176 JQ Public Tue, 23 Nov 2010 21:08:12 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-7176 Thank you for pointing out that investments come with risks. I've been telling people that for years. It's surprising how many people think that an investment is an guaranteed ticket to ride the gravy train to prosperity. Yeah, ummmm... no. Thank you for pointing out that investments come with risks. I’ve been telling people that for years. It’s surprising how many people think that an investment is an guaranteed ticket to ride the gravy train to prosperity. Yeah, ummmm… no.

]]> By: Evilkritter http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-6451 Evilkritter Thu, 10 Dec 2009 23:51:29 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-6451 This is a little off topic, but I really fear the stock market. Because it is risky? No, because it is fictional. You're buying a sheet of paper with a name! There is no value! The only way you make money is selling it to other people who believe in stock! How did something this insane get started in the first place? But yeah, investing in a upstart business sounds great. Time to talk about it in finance class! This is a little off topic, but I really fear the stock market.

Because it is risky? No, because it is fictional.

You’re buying a sheet of paper with a name! There is no value! The only way you make money is selling it to other people who believe in stock! How did something this insane get started in the first place?

But yeah, investing in a upstart business sounds great. Time to talk about it in finance class!

]]> By: Carlitta87 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4731 Carlitta87 Fri, 07 Nov 2008 21:07:11 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4731 is it me....or did he look ...different??? is it me….or did he look …different???

]]> By: Nospinplease http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4426 Nospinplease Wed, 22 Oct 2008 00:59:12 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4426 I hope there's a new video tonight! I hope there’s a new video tonight!

]]> By: Abaddon http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4425 Abaddon Tue, 21 Oct 2008 22:56:09 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4425 Its called "What You Ought To Know," not "We Will Make You Laugh." I quick laugh is what YouTube is for, here I want to learn something. Its called “What You Ought To Know,” not “We Will Make You Laugh.” I quick laugh is what YouTube is for, here I want to learn something.

]]> By: Teagan http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4422 Teagan Tue, 21 Oct 2008 22:07:03 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4422 That...was...boring... That…was…boring…

]]> By: gettoman http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4412 gettoman Fri, 17 Oct 2008 20:35:31 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4412 great post! I learnt a ton! one of these days I'll have enough money to do that... great post! I learnt a ton! one of these days I’ll have enough money to do that…

]]> By: Nospinplease http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4407 Nospinplease Thu, 16 Oct 2008 22:35:22 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4407 no... it's not Tuesday. Ya, opps is right. Nice video! I really learned a lot, and it wasn't boring. A big equals D! no… it’s not Tuesday. Ya, opps is right. Nice video! I really learned a lot, and it wasn’t boring. A big equals D!

]]> By: LookBehindYou http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4406 LookBehindYou Thu, 16 Oct 2008 22:07:43 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4406 it wasn't funny but i learned a lot.... it wasn’t funny but i learned a lot….

]]> By: Rob B http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4405 Rob B Thu, 16 Oct 2008 19:16:29 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4405 at blau 69, I totally agree. The idea of stocks is that you buy low, sell high. People panic when it drops though, and sell to salvage some remaining money...which makes the value go lower, and that's how the Great Depression started. The best advice I can give to people is to ride it out, and the markets will get better (hey oil is already lower than it's been in a year. That shows something...right) at blau 69, I totally agree. The idea of stocks is that you buy low, sell high. People panic when it drops though, and sell to salvage some remaining money…which makes the value go lower, and that’s how the Great Depression started. The best advice I can give to people is to ride it out, and the markets will get better (hey oil is already lower than it’s been in a year. That shows something…right)

]]> By: steph {207} http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4404 steph {207} Thu, 16 Oct 2008 18:39:18 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4404 Good video... I blanked out though and was using the pointer on my mouse to poke you in the eye... Sorry =P. I'm so out of it today... I'll watch the video again tomorrow and give a run down again. I did notice that it was very informative and that makes up for the video being late. Good video… I blanked out though and was using the pointer on my mouse to poke you in the eye… Sorry =P. I’m so out of it today… I’ll watch the video again tomorrow and give a run down again. I did notice that it was very informative and that makes up for the video being late.

]]> By: blau69 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4403 blau69 Thu, 16 Oct 2008 17:12:18 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4403 I think what people fail to remember is that what goes up, will go down and what goes down will go up. So, unless you've panicked and have pulled all your money out of your stock investments while they are at the current low, you will more then likely get your money back and more in 5 to 10 years. This only becomes a problem for those people who are retired, or near retirement, that have seen their high risk funds go belly up. But wait, shouldn't they have been in a low or no risk? As for me, I am going to try and put more money into the stock market funds while they are low, that way when I need them I can sell them when they are high again. I think what people fail to remember is that what goes up, will go down and what goes down will go up. So, unless you’ve panicked and have pulled all your money out of your stock investments while they are at the current low, you will more then likely get your money back and more in 5 to 10 years. This only becomes a problem for those people who are retired, or near retirement, that have seen their high risk funds go belly up. But wait, shouldn’t they have been in a low or no risk? As for me, I am going to try and put more money into the stock market funds while they are low, that way when I need them I can sell them when they are high again.

]]> By: Jennifer McKenzie http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4402 Jennifer McKenzie Thu, 16 Oct 2008 16:48:30 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4402 I want to invest in European hunting lodges. Apparently, they have a lot of my money already thanks to AIG. Yeah, I'm bitter. And poor. This was awesome as usual, Winn Brothers. Thanks for the info. As soon as I'm not living on my credit cards, I'll definitely consider it. I want to invest in European hunting lodges. Apparently, they have a lot of my money already thanks to AIG. Yeah, I’m bitter. And poor.
This was awesome as usual, Winn Brothers. Thanks for the info. As soon as I’m not living on my credit cards, I’ll definitely consider it.

]]> By: Guin http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4401 Guin Thu, 16 Oct 2008 16:30:35 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4401 @Drecon: You mean like a weird fetish visual. Cuz i think i have it right now and i can't get it out of my head! @Scoot : Hey i liked your HTML anology. @postees: With the "brief" history given in the previous posts how many of you are thinking maybe its time to go with something other than D or R? @Drecon: You mean like a weird fetish visual. Cuz i think i have it right now and i can’t get it out of my head!

@Scoot : Hey i liked your HTML anology.

@postees: With the “brief” history given in the previous posts how many of you are thinking maybe its time to go with something other than D or R?

]]> By: Scott http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4400 Scott Thu, 16 Oct 2008 15:42:33 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4400 Drorharush To borrow your HTML example: if you code in Notepad it will be harder and take longer, but in the end you will know what you are doing. If you use a tool it will be quicker and easier and you will have very little idea how things really work. So, the webpage result may be the same, but the know-how you gained from the process isn't. Investing is the same way. There are lots of people, websites, software packages, etc. that will tell you where to invest your money. Go with that and you'll have your money invested, but how much will you know about the details? I'm with Drecon. Gravy train sounds gross. Isn't that the dog food that you pour water on? Drorharush

To borrow your HTML example: if you code in Notepad it will be harder and take longer, but in the end you will know what you are doing. If you use a tool it will be quicker and easier and you will have very little idea how things really work. So, the webpage result may be the same, but the know-how you gained from the process isn’t.

Investing is the same way. There are lots of people, websites, software packages, etc. that will tell you where to invest your money. Go with that and you’ll have your money invested, but how much will you know about the details?

I’m with Drecon. Gravy train sounds gross. Isn’t that the dog food that you pour water on?

]]> By: designertoxophilite[22] http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4399 designertoxophilite[22] Thu, 16 Oct 2008 14:56:27 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4399 I think perhaps you should lecture the U.K's local councils on how to balance their portfolios. If you'd not heard in the news, they have invested over £2,000,000,000 in icelandic banks which are now failing...... isn't that supposed to be low risk... investing in banks? Just a thought I think perhaps you should lecture the U.K’s local councils on how to balance their portfolios. If you’d not heard in the news, they have invested over £2,000,000,000 in icelandic banks which are now failing…… isn’t that supposed to be low risk… investing in banks?

Just a thought

]]> By: Curtis http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4398 Curtis Thu, 16 Oct 2008 14:15:55 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4398 Marc Pile on to all that the greedy CEOs and corporation boards who vote for golden parachutes that allow those CEOs to float off into the sunset with tens of millions of dollars that would have been needed to help keep some of these financial institutions solvent (if even possible), and the dish created from this recipe is called disaster. Good explanation there, Meandering. When I was 13, I would have voted for Carter because he seemed like a nice guy, but I didn't know anything about economics or politics at the time. In light of the past 30 years, I think most of our problems can now be traced back to Carter, both foreign and domestic. Just my two cents....which is currently valued at a half a cent. Marc
Pile on to all that the greedy CEOs and corporation boards who vote for golden parachutes that allow those CEOs to float off into the sunset with tens of millions of dollars that would have been needed to help keep some of these financial institutions solvent (if even possible), and the dish created from this recipe is called disaster. Good explanation there, Meandering. When I was 13, I would have voted for Carter because he seemed like a nice guy, but I didn’t know anything about economics or politics at the time. In light of the past 30 years, I think most of our problems can now be traced back to Carter, both foreign and domestic. Just my two cents….which is currently valued at a half a cent.

]]> By: Drorharush http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4397 Drorharush Thu, 16 Oct 2008 14:01:40 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4397 Is there a website that makes investing in stocks...start ups...or whatever, easy? (in the form of how building a website by coding it in Notepad is hard, but by using a software that codes for you is easy...and you still get the same result) Is there a website that makes investing in stocks…start ups…or whatever, easy? (in the form of how building a website by coding it in Notepad is hard, but by using a software that codes for you is easy…and you still get the same result)

]]> By: Meandering {207} http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4396 Meandering {207} Thu, 16 Oct 2008 13:56:45 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4396 Weggles and Marc, There are many problems with the U.S. economy right now. As I understand your statement of "risky mortgages" that was part of this mess. It started with Jimmy Carter passing legislation (which I can't remember the name of) something to the effect of affordable housing, but it really started picking up steam with Bill Clinton. This allowed banks to give loans (sub-prime) to low-income families so they could buy a house even though they did not have jobs or means to pay that loan back and corporations like Fanny Mae and Freddie Mac bought those loans from the banks and they made LOADS of money. Well, now loans are in default because these people couldn't pay the loans back and that caused the mortgage crisis and crazy amounts of foreclosures. Wall Street however began trading thing they shouldn't which now we have the $850 billion bailout which has yet to promote any confidence in the financial sector. I know this is not indepth, but there you go. Believe it is everyone's fault. Greedy wall street persons Democrats and Republicans ... everyone. John McCain and many others did try to impose more restrictions on Freddie and Fanny, but the Democrats shot the legislation down (including Barack Obama). I'm not trying to get political, but these are the facts. Anyway, I hope this helps. BTW - Great episode! Keep it up. Weggles and Marc,
There are many problems with the U.S. economy right now. As I understand your statement of “risky mortgages” that was part of this mess. It started with Jimmy Carter passing legislation (which I can’t remember the name of) something to the effect of affordable housing, but it really started picking up steam with Bill Clinton. This allowed banks to give loans (sub-prime) to low-income families so they could buy a house even though they did not have jobs or means to pay that loan back and corporations like Fanny Mae and Freddie Mac bought those loans from the banks and they made LOADS of money. Well, now loans are in default because these people couldn’t pay the loans back and that caused the mortgage crisis and crazy amounts of foreclosures. Wall Street however began trading thing they shouldn’t which now we have the $850 billion bailout which has yet to promote any confidence in the financial sector. I know this is not indepth, but there you go. Believe it is everyone’s fault. Greedy wall street persons Democrats and Republicans … everyone. John McCain and many others did try to impose more restrictions on Freddie and Fanny, but the Democrats shot the legislation down (including Barack Obama). I’m not trying to get political, but these are the facts. Anyway, I hope this helps.

BTW – Great episode! Keep it up.

]]> By: marc http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4395 marc Thu, 16 Oct 2008 12:58:43 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4395 Weggles, Now I am not a financial adviser... but how I understand the "crisis", is it started with banks loaning large amounts of money from other banks to invest in risky mortgages. What is even worse is that I heard that some banks were not even requiring proof of employment when giving out mortgage loans. Could someone please correct me if I am incorrect? Weggles,

Now I am not a financial adviser… but how I understand the “crisis”, is it started with banks loaning large amounts of money from other banks to invest in risky mortgages. What is even worse is that I heard that some banks were not even requiring proof of employment when giving out mortgage loans. Could someone please correct me if I am incorrect?

]]> By: WEGGLES http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4394 WEGGLES Thu, 16 Oct 2008 11:31:03 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4394 ...but wasn't it these risky investments that got the USA in the situation it's in? Well, I guess they aren't supposed to be done on such a large scale. …but wasn’t it these risky investments that got the USA in the situation it’s in?

Well, I guess they aren’t supposed to be done on such a large scale.

]]> By: nonsenseholic http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4393 nonsenseholic Thu, 16 Oct 2008 07:58:16 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4393 i thought you said every tuesday??...its ok we will all forgive you for giving us this video! i thought you said every tuesday??…its ok we will all forgive you for giving us this video!

]]> By: Drecon http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4392 Drecon Thu, 16 Oct 2008 07:11:34 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4392 I always get these nasty visuals with the word gravy train. Am I the only one? I always get these nasty visuals with the word gravy train. Am I the only one?

]]> By: marc http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4391 marc Thu, 16 Oct 2008 06:32:00 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4391 opps indeed... I get very neurotic when you guys do not post a new show... ask my friends or girlfriend... I drive them nuts!!!! opps indeed… I get very neurotic when you guys do not post a new show… ask my friends or girlfriend… I drive them nuts!!!!

]]> By: Abaddon http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/comment-page-1/#comment-4390 Abaddon Thu, 16 Oct 2008 05:11:22 +0000 http://www.whatyououghttoknow.com/show/2008/10/15/the-gravy-train/#comment-4390 Not only did you miss tuesday, you almost missed wednesday as well. I was worth it though, back to your old informative self. Yay! Not only did you miss tuesday, you almost missed wednesday as well. I was worth it though, back to your old informative self. Yay!

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