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PMTPMT DB

Takes

Loss
PFT CommenterPFT Commenter

Jeff Bezos is still interested in buying the Celtics despite reports to the contrary

I'm gonna dispute that report and say [Jeff Bezos] is not done [being interested]. He probably wants to buy a football team... but if you're a billionaire like Bezos, it's probably easier to buy a team that's not in complete disrepair and take that over like the Celtics. You've got a winner, a proven winner already. So I'm gonna dispute that report and say he's not done.

Bezos did not buy the Celtics, and subsequent reporting reinforced his lack of interest.
Loss
Big CatBig Cat

You shouldn't stop printing money; you should print even more to solve inflation

You gotta go through the wall. So like when you're like, oh we printed so much money that it doesn't like it's not worth anything. That's when you print even more money. Right. You can't quit printing money. You gotta be committed to printing the money.

This is economically catastrophic advice and is factually incorrect as a solution for inflation.
Loss
Big CatBig Cat

I earn $150,000 per episode of Pardon My Take

$75,000. But actually that was three years ago. We make 150,000. Literally the truth.

This is a satirical exaggeration of his actual earnings, used for comedic effect during the D&D bit.
Loss
HankHank

Boeing whistleblower John Barnett did not commit suicide

There was a whistleblower... John Barnett... His body was found the morning of three nine dead. He was allegedly from suicide even though he told his family, if I die, it's not suicide. He was suicided.

The official coroner's report ruled the death a suicide, but the take reflects the popular 'he was suicided' conspiracy meme.
Loss
PFT CommenterPFT Commenter

Russell Wilson has done more net damage to the Subway brand than Jared

Who do you think is a worst spokesperson for Subway in terms of Sales Jared or Russell Wilson?... I think like the net net damage to the brand. Probably Russell Wilson.

Obviously incorrect as Jared's crimes led to a massive scandal, whereas Wilson was just a poorly-received ad campaign.
Loss
Will LevisWill Levis

Shiba Inu cryptocurrency will eventually go back up

I get them to get back on the Shiba Inu train, man. I mean, it's last summer. I think he got some hype earlier this year, but it's always going to come back up. Stocking crypto only goes up as we all know, you're gonna, you're gonna make a lot of money.

Shiba Inu significantly lost value following the 2021-2022 crypto peak and never returned to its previous highs, with the broader 'memecoin' market cooling significantly.
Loss
Billy FootballBilly Football

Tesla is the only electric car company

They're the only electric car company actually.

There are many other electric car companies (Rivian, Lucid, Ford/GM/VW EVs, etc.).
Loss
Billy FootballBilly Football

5G radars will ground all US air travel

Turns out a bunch of the airline CEOs said that the new 5G radars that are getting put on for telecommunications, once they get turned on, it's going to affect a bunch of their planes landing. And that they're going to have to ground all US air travel tomorrow.

While there were some flight delays and cancellations, US air travel was not grounded 'all' at once, and 5G rollouts were managed with buffer zones around airports.
Loss
Billy FootballBilly Football

NFTs are becoming more valuable than diamonds

Turns out there's a bunch of new diamonds that are fake, but no one can tell the difference... De Beers is totally panicking because now diamonds have no value. So Hot Seat: Diamond... NFTs are kind of more valuable than diamonds, I think about it.

The NFT market crashed significantly after early 2022, while diamonds maintained value.
Loss
PFT CommenterPFT Commenter

Money launderers finding NBA Top Shot is actually a good thing for the market

I actually think that the money launderers finding Top Shot is a great thing. It's perfect because now that's injecting a whole new level of cash into it.

OpinionBusinessHotSarcastic
While it may have briefly pumped prices, the Top Shot market eventually crashed, so the 'long term' benefit was nonexistent.
Loss
Billy FootballBilly Football

I am either going to prison or becoming a billionaire because of Pi Network

Either I'm going to go to jail because this is all illegal, which I don't think it is, or I'm going to make a ton of money. It's speculative value. Either I'm going to go to prison or be a billionaire.

Pi Network remains in an unlaunched 'enclosed mainnet' state years later with zero market value, and Billy is neither in prison nor a billionaire because of it.
Loss
Billy FootballBilly Football

Blockbuster stock is going to make me a millionaire

Blockbuster, bro. It was one cent when I talked about it last time. It is now seven cents. What? Let's go. I called it. Billy is a Blockbuster millionaire.

Blockbuster (BLIAQ) is a delisted 'zombie' stock that spiked purely on meme momentum. It has zero fundamental value and is not a legitimate long-term investment.
Loss
PFT CommenterPFT Commenter

Wall Street will eventually make it illegal to talk about stocks online once they realize message boards are too powerful

What will probably happen is there's going to be one hedge fund that goes out of business like Bear Stearns or whatever and then they're going to come back, rewrite the laws so it's going to be illegal to talk about stocks online and then boom now they're fucking you again for the next hundred years.

While regulatory discussions followed, talking about stocks remains legal, though market manipulation rules are strictly monitored.
Loss
Billy FootballBilly Football

A parlay strategy involving five underdogs has a 50% likelihood of profit

I plugged in 32 outcomes, and then once each outcome happens, you see how much money you stand on winning in that moment... this actually has a 50% likelihood of being positive.

Standard gambling math shows that multi-leg parlays are negative expected value bets. Billy's specific formula was widely debunked by listeners following the episode.
Loss
Mark CubanMark Cuban

The US should implement a $1,000 stimulus check every two weeks for a couple of months

The idea of thousand dollar stimulus every two weeks... when people have money to spend we can boost up the economy... That's not a long-term solution... but if you do it every two weeks for a couple months and you also make it you have to spend it or lose it... that puts money into the economy that has a multiplier effect.

While more stimulus checks were issued, they were one-time payments and never reached the $1,000 every-two-weeks frequency Cuban proposed.
Loss
Billy FootballBilly Football

I am developing an app to crowdsource the 'vibe' and gender ratio of bars in real-time

I have developed an idea for a Marketplace that will get information from producers to consumers in The Nightlife and entertainment industry. It would crowdsource information real time from people on the street going to a bar or a restaurant... You basically just get demographics to go where you want... how many dudes are at the bar right now?

The app 'Gala' (or 'How Many Dudes') never launched as a successful commercial product.
Loss
PFT CommenterPFT Commenter

Flavored 'Water for Dogs' is a billion-dollar business idea

I came up with a billion dollar idea maybe quadrillion or trillion dollar idea: its water for dogs... why not a little flavored water for your dog? So you can either go with the Savory option and have it be like a bacon flavored water or bone broth water.

While broth for dogs exists, a 'billion dollar' plain water brand for dogs has not materialized as a major market disruptor.
Loss
Lavar BallLavar Ball

Big Baller Brand is worth over one billion dollars

The net worth of big baller brand is estimated to be over 1 billion dollars... what's it worth? why everybody knows it's worth a billion. Why do you think they come at me so hard? Because I know it's worth a billion dollars.

While the brand has notoriety, no financial valuation or sale has ever validated a $1 billion price tag; the company struggled with manufacturing and internal theft issues.
Loss
PFT CommenterPFT Commenter

The drop in oil futures is a direct result of Shell oil getting 'woke' for International Women's Day.

International Women's Day today... we talked about Shell oil is now 'She-ll' and now oil is down. So you have to wonder is there a link between that did Shell get too woke and take our eye off the bottom line of their business and now oil futures are down 30%?

Hot TakeBusinessFireSarcastic
The oil price crash in March 2020 was caused by a price war between Saudi Arabia and Russia, not corporate rebranding for a holiday.
Loss
PFT CommenterPFT Commenter

Steven Seagal can't be arrested for fraud because Bitcoin 2 Gen was obviously a pyramid scheme

I don't think that Steven Seagal is off the hook on this one because you can't get arrested for fraud If the product is called this is literally fraud, right? So he's very open about how fraudulent Bitcoin to Jin was. So it's not like it's false advertising.

Seagal was actually charged by the SEC for failing to disclose payments he received for promoting the ICO and reached a settlement.
Loss
PFT CommenterPFT Commenter

Enron is due for a massive comeback

A little investment tip, Enron. It's bound to bounce back. It has to. It is due.

Enron filed for bankruptcy in 2001 and its stock is worthless; it is not bouncing back.
Loss
Big CatBig Cat

Elon Musk is just a front for Jeff Bezos

Elon Musk is just a front for Jeff Bezos because his Cybertruck was one of the funniest things I've ever seen... when people talk about Elon Musk doing stupid shit, they forget about Jeff Bezos.

This is a satirical conspiracy theory with no factual basis.
Loss
Big CatBig Cat

Elon Musk is actually a front for Jeff Bezos

Elon Musk is actually Jeff Bezos. It's his front. So Elon Musk is like we're going to go to Mars... so everyone talks about him and then Jeff Bezos is in the background doing the real shit doing the drones doing all that.

This is a satirical conspiracy theory and not factually true.
Loss
PFT CommenterPFT Commenter

Big Baller Brand is failing because of government regulations

I don't know what the problem was, the big baller brand, because the business plan was solid. They had great spokespeople getting free advertisement all the time. And now they're just relegated to the discount rack at Kohl's. Well, not with all this regulation.

Hot TakeBusinessHotSarcastic
BBB failed due to internal scandals and poor business management, not government regulation.
Loss
Dennis RodmanDennis Rodman

Pot Coin will take off in the next six to twelve months

My guys that came up with this idea of PotCoin back in Canada... It's going to take off. I mean, yeah, it's going to take off. I think in the next, say in the next six to 12 months, it should be popping off.

PotCoin peaked in value in late 2017/early 2018 and has remained essentially worthless and irrelevant in the cryptocurrency market since 2019.
Loss
Big CatBig Cat

QuadrigaCX CEO Gerald Cotten fake-died in India to steal everyone's Bitcoin

This guy is alive. He has all your Bitcoin. If you have Bitcoin with him, I'm sorry, but he's fake dead and you're shit out of luck. He went to India and now he's dead? That is the best place to die if you're going to fake it. He is whale fucking with John McAfee.

Extensive investigations by the FBI, RCMP, and journalists (including the documentary 'Trust No One: The Hunt for the Crypto King') have found no evidence Cotten is alive, despite the strange circumstances of his death in India.
Loss
PFT CommenterPFT Commenter

The Bitcoin exchange CEO who reportedly died with the passwords is not actually dead

There's no way he's dead, right? There hasn't been a good fake death in a while... He is living it high with, he's probably fucking whales with John McAfee in wherever the hell they are.

The death of Gerald Cotten was officially confirmed by doctors in India, though skepticism remains in the crypto community.
Loss
PFT CommenterPFT Commenter

I am shorting the stocks of Bank of America and Sprint due to their terrible customer service.

I'm shorting Bank of America right now, and I'm also going to short Sprint.

OpinionBusinessMediumSarcastic
Bank of America stock actually rose significantly in early 2019, making a short position incorrect.
Loss
PFT CommenterPFT Commenter

Facebook is officially done as a relevant company

I'm calling my shot. I'm going to put the PFT death stake is going into Facebook right now. Wow. They're done. Have you been on Facebook recently? No. It's trash... it's all ants, trolls, and ants.

While Facebook's reputation suffered, it remains one of the world's most valuable companies (Meta) with billions of users.
Loss
PFT CommenterPFT Commenter

I want to take out high interest loans to invest in Steven Seagal's Bitcoin 2Gen

I don't want to overreact, but I want to take out some high interest loans just so I can invest them in Steven Seagal's Bitcoin [2Gen]. That's how confident I am in this.

Bitcoin 2Gen was widely considered a scam or failed project, and Seagal was later charged by the SEC for failing to disclose payments for promoting it.
Loss
Mr. PortnoyMr. Portnoy

Bitcoin will be worth nothing within a year

The other not-so-optimistic side, I guess, would be that in about six months or a year, [Bitcoin] will be worth nothing... I know you guys don't want to hear that, especially Dan... but who knows what's going to happen with that.

Bitcoin did not go to zero within a year; it remained a highly valuable asset.
Loss
HankHank

Bitcoin is fake and people should buy land instead

My stardom is land. Bitcoin, currency, it's all fake. You can't see it. Buy something you can see with your own two eyeballs. Buy a plot. Buy an acre. Squat on it.

While land is a stable asset, calling Bitcoin 'fake' proved to be financially short-sighted as its value exploded in the years following this take.
Loss
Big CatBig Cat

Bitcoin is the future and will replace physical money

You think that the dollar bill's in your pocket right now? You think they're going to last forever? You think money's going to last forever? Okay, so Bitcoin's the future, baby. There's not going to be money in the future. There's going to be Bitcoin.

While Bitcoin remains a major asset class, it has not replaced physical currency as the primary medium of exchange years later.
Loss
PFT CommenterPFT Commenter

Big Baller Brand will corner the market because they're the only shoe company not implicated in the bribery scandal

Big Baller Brand, by being the only shoe company that's not implicated, could have just cornered the market.

Big Baller Brand failed for many reasons, but not because of the FBI investigation. They did not corner the market.
Loss
Big CatBig Cat

Clothing manufacturers and dry cleaners conspire to put 'no dryer' labels on clothes

I think there's a big conspiracy out there. This is probably the big laundromat services of the world. They're basically dry cleaning services. They're basically making clothes that you can't put in the dryer so that you have to go to the dry cleaners.

While convenient for dry cleaners, care labels are usually based on textile preservation rather than a secret cabal between manufacturers and cleaners.
Loss
Big CatBig Cat

Elon Musk should stop trying to get to Mars and focus on giving us retina credit cards

Elon Musk, if you're listening to this and we know you are, quit trying to get to Mars, you fucking nerd. Just give us retina credit cards.

While biometric payments exist now, Musk did not pivot to this; he continued his Mars focus.
Loss
PFT CommenterPFT Commenter

If something is more expensive, that means it's better

If something's more expensive, that means it's better, right? Correct. Without a doubt. Like Fyre Fest tickets. That was the best concert of all time.

Hot TakeBusinessMediumSarcastic
The statement is ironic; expensive things are not inherently better, as Fyre Fest proved.
Loss
Mr. PortnoyMr. Portnoy

The Washington Wizards abandoned the Bullets trademark, so it is now open for public use.

I i i would say uh give it a shot [selling Bullets merchandise]... I would say the argument would be they've abandoned it [the trademark]... it makes sense to me.

The NBA and its teams do not abandon trademarks for former names as they are regularly used for 'throwback' merchandise and historical reference.
Loss
Lenny DykstraLenny Dykstra

I would not be buying any stocks right now and would put money into real estate instead

I wouldn't be buying any stock right now. [Put money in] Real estate. Hookers? ... That's a dead end road, dude. I'm over a million in those places. There's no return on anything.

The S&P 500 rose nearly 20% in 2017, making 'not buying stocks' poor advice in hindsight.
Loss
PFT CommenterPFT Commenter

The 200% deposit bonus on BetDSI has to be a typo

We're going to give you a free $10 just for registering and a 200% bonus. That's got to be a typo, but it says it several times. So it's a 200% bonus with your first deposit.

The bonus was a real promotion at the time, not a typo, though he's using the 'typo' line to sell the value.
Loss
HankHank

Twitter announced the death of Vine just to get PR and check its importance

It seems like something that a company that was maybe down... they need a little press. What better way to press than announce a death?... they're like, if enough people object to us closing down Vine, then we'll keep it around.

Vine was officially discontinued by Twitter, and while it lived on as 'Vine Camera' briefly, the platform died.
Loss
Martin ShkreliMartin Shkreli

I am 100% innocent of all criminal charges

I'm innocent without a doubt. The charges are related to some hedge funds I operated in a public company I operated. Don't have one person who has ever complained. You won't find one person that ever lost money in these funds.

Shkreli was convicted of two counts of securities fraud and one count of conspiracy in August 2017 and sentenced to seven years in prison.
Loss
Martin ShkreliMartin Shkreli

My company Turing is worth one billion dollars

I don't like to talk about it, but if you look at the company, Turing, that I own, I think that company is worth a billion dollars.

Following Shkreli's arrest and the company's anti-trust violations, it was ordered to pay $40M in restitution and its value plummeted as Shkreli was banned from the industry for life.
Loss
Big CatBig Cat

Barstool and Disney/ESPN are closer in value than people think

I'm not saying that Disney and Barstool are, like, maybe equal in terms of stock, but we're closer than people think.

Disney is a massive global corporation with a market cap in the hundreds of billions, whereas Barstool was valued in the tens of millions at this time.
Loss
PFT CommenterPFT Commenter

Grit Coins are my own electronic currency and are legal tender in many states

Grit coins... That's my currency that I made my own electronic currency. Well, somebody actually, someone else designed it for me, but yeah, those are actually legal tender in many states.

Fact ClaimBusinessHotSarcastic
Grit Coins were a fictional recurring joke on PFT's blog and never functioned as legal tender in any US state.

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