Credit default swaps illustrated with toys

The concept of credit default swaps can be pretty complicated, so we use a toy barn, a doll, a couple dishes and some poker chips to demonstrate.

[Pavitrak]

Hands down. By far, the most simple and to the point explanation of CDS

[OmnipotentO]

Just watched The Big Short and a lot of it went over my head so now I'm trying to watch all these explanation videos.

[maltesetony]

Finally, someone has explained the whole s**t-show in a way that I can understand.

Thank you, sir!

[joshuaalfred]

There's always a simple explanation. Thanks for taking the time to cut through the jargon and fluff to explain it plainly to us laymen.

[PartTimeRonin]

You can show this video to a young child or a golden retriever and they will understand it, great job.

[satishpandey]

Thanks Andy. You are better than Wikipedia.

[owamikahazarika]

I wish the entire world of derivatives could be put into my head just like you did with credit default swaps. Thanks for making it funny 😊

[cato]

Very good explanation and very accurate with one additional bit of information: The insurance companies who sold the credit default swaps also had insurance on those credit default swaps and that’s why it spread like wildfire.

[patrickmarkfindlay]

A significant component in teaching is transferring information in a clear and concise manner, this small lecture exemplifies the principle.
firstclass.

[timothyharshaw]

While I understood the mechanics of how Swaps such as CDS's work prior to this video; your method of getting it across is definitely the best that I've seen.

[JESELLE_MAEGAN_S]

I was struggling to understand CDS in my business class... my lecturer just couldn't break it down like this. Thank you so much!

[tarpz]

It's so refreshing to get a simple explanation, as opposed to complicated rabbit holes intended to to make one feel stupid or out of the loop. Thank you, sir, for just making sense.

[othmaneelouahedy]

Started to watch the big short, then i got interested to certain terms, thank you sir for the clear explanation

[rationalpi]

I wish school professors could explain complex subjects as good as you

[sergiolo]

Simplest and easy-to-digest video related to what are the Credit Default Swaps. Thank you Mr. Millard.

[nolendonovan]

hands down the best explanation of credit default swaps on the internet

[legendaryubagel]

You do not understand how simple you made this sound to me, i now fully understand it

[anefriend]

Absolutely the best explanation ever about CDSs. You made it so simple! I am sure there are a lot of technical details about these instruments, but this is all we needed to know. Thank you.

[skusemepeash]

I laughed my head off Andy. You are amazing. Way better than investopedia

[shawnc]

I've been trying to read up and learn about CDS for half an hour, confused and Andy just explained it in 3 mins! Thanks Andy, keep up the great work!!