Patrick Bet-David discusses how the Mafia is similar to trading, business & life

Entertaining & Educational Confessions of a Market Maker podcast Recap

Are you curious about the current state of the trading and markets industry? In episode 60 of Confessions of a Market Maker, Ray and JJ are joined by successful entrepreneur and media brand creator, Patrick Bet-David.

Patrick shares his background, including his military service and how he got into the finance industry. The conversation then shifts to the current financial bubble and the factors contributing to it, such as interest rates and high PE ratios. Patrick advises listeners to be cautious and to invest in things that cannot be reprinted, such as land and gold. He also suggests hedging with cash and being prepared for opportunities that may arise.

Patrick emphasizes that while the market may be volatile in the short term, there has never been a better time to create wealth in the long term. He shares his own timeline of how he made his first million by capitalizing on the timing of events such as 9/11 and the housing crisis. Overall, Patrick urges listeners to keep their eyes open and be prepared for the potential impact of the current financial bubble.

Patrick also shares his insights on how to gain an edge in business, emphasizing the importance of reading extensively and outworking, out-improving, and out-strategizing your competitors. He also recommends two books that have inspired him: "Hypomanic Edge" and "First Rate Madness."

During the podcast, the hosts and guest engage in a friendly conversation, highlighting the importance of mentorship and hard work in the finance industry. They also express their appreciation for each other's contributions to the podcast.

As Patrick Bet-David says, "being able to anticipate and plan ahead is crucial in the marketplace." So, don't wait any longer and listen to this insightful episode to gain an edge in the finance industry.

Listen & watch to the complete podcast episode at Confessions Of A Market Maker

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