The Truth About 'Trading Gurus' From a Hedge Fund Manager

Patrick Boyle is a hedge fund manager at Palomar Fund, author, university professor and former investment banker with over a decade of experience.

In this video we talk trading gurus, fake gurus, reasonable returns, the 2% delusion, Tim Sykes, Day Traders, Jeff Bishop and Jason Bond...Is making money online with day trading reasonable in 2020?

PATRICK’S YOUTUBE CHANNEL

Reading List:

Patricks' Books:

[PBoyle]

Hi Steven, it was great fun talking with you this morning. Hopefully your viewers will enjoy our conversation. PB

[sofianehamouda]

Patrick was my professor at uni. one of the brightest minds I've ever had the chance to interact with

[maxt]

What is so nice is that around the 50 min mark Coffeezilla says the Patrick's YouTube channel with only 5k of subscribers is criminally under-rated versus the fake gurus... and 3 years later Patrick has over 500k subscribers. The cream eventually rises to the top, the grind pays off, the genuinely knowledgeable surpass the fakes. 👍

[Andre_Beth]

Patrick Boyle is GOLDEN. I am 60 years old and trading since I was 19, I can totally relate to everything he is saying. My biggest problem with trading in the early years was myself - it is so hard to change, but once you get it, then things start going in the right direction. Nice find getting him on your show!!

[martinxlive]

This is crushing my dreams of making 10 million a month with my 5k

[ThePlainBagel]

As the creator of Half Donut One Donut Finance, I wanted to thank you personally for the mention. :)

Also, excellent video!

[raywest]

Patrick makes the killer point: If you had a goose that laid gold eggs, why do you need to share it?

[sethstewart]

Love Patrick Boyle. He's one of the most real people in this space, and he's taught people so much about how to think financially.

[bvm]

Nobody who finds a goldmine would sell shovels unless the shovels make more than the gold or they suck at mining. It's always like that. There is only so much gold.

[NeighborSenpai]

Of course the guy that knows stocks very well would look like the STONKS man

[harrystyles]

Im only 15 minutes in and i already love this guy. So refreshing listening to someone so well educated.

[Kokola-qhwp]

I appreciate how Patrick Boyle talks about the emotionally draining aspects of the job, like not everything is sunshine and roses and I think the lack of pain of a 'real job' that these scammers sell is one of the keys to their success

[DANpimp]

While I'm watching videos about scams, YouTube is showing me advertisements from scammers 🤣🤣

[nohalfmeasures]

Scamming people is a lot easier than convincing people they are being scammed, GURU's prey on this mentality.

[benjaminrupertodomingo]

Whenever someone says, "you dont need to work to earn a lot of money" that's a big red flag

[Lambda.Function]

I'm glad to see Coffee interviewing Boyle back then, he's kinda blown up since and good. Smart guy with a really nice sense of humor. But you're both wrong. It's really easy to make a lot of money quickly. See what you do is you create an unregulated security, like a crypto token, pump the price up, then use that as collateral to leverage a huge loan, then make a bunch of risky bets. If the bets pay off, you got rich real quick. If they don't, you get to dodge Coffee asking you whether you committed fraud and suggesting you should be in jail.

[MK-]

If you don't pay for a product, you _are_ the product. This applies to no commision trading platforms, where high frequency traders buy your data and use it to gain money by using your data to be ahead of the market. This also applies to things like gmail, facebook, instagram, youtube where you don't pay money, but your data is sold to companies that put targeted adds in front of you.

You and your data _are_ the product these firms sell.

[paulzbarcea]

Really impressed that you got to interview Jason Statham, he's surprisingly knowledgeable about finance

[nameofthegame]

Would be an absolute treat if you made a follow up to this video with Patrick. Since you both have substantially more subscribers now it would reach many more viewers and people really need to hear this.

[Marrow]

I watched this video in late 2020 when it came out. Now in Jan 2023, Patrick has developed his own channel and it is doing well to educate viewers honestly but also with humor. Also Coffeezilla has gone from something like 200k subscribers or something to 2.3 million. And that is due to quality content, not to fraudster or click bait garbage.