Hey All,
I thought I would jump in with my thoughts after reading this thread. I am in no way affiliated with Kreil, nor have I purchased his videos (can’t really drop that kind of money on videos). Nevertheless, I think he’s being tarred unfairly here.
It seems to me that there are a couple of differing opinions, and I’ll summarize them:
- His videos are factual but basic, one could learn it all on investopedia and google.
- His whole schtick is a kind of pyramid scheme that you buy into, he just wants you to invest with him.
- He’s a misogynist or socially uncouth.
To point 1, as someone who has been teaching myself everything, the dearth of practical information on investopedia is very frustrating.
As a programmer, I appreciate that abstract explanations are next to useless. One of my most frustrating frequent experiences is trying to implement abstract mathematical formula in say for instance C, or Fortran etc. Since I am not a mathematician (I dropped out in the 6th grade), I find that people often don’t realize how much “mundane” knowledge goes into how they know what they know. Most people with deep theoretical understandings are worse than a trip to the dentist when you want to actually implement the theories - they take for granted their base of mundane knowledge.
While I am slowly building up that base of mundane knowledge (in math and finance), I can appreciate as a total newbie how un-useful most investopedia and google results really are.
As a person with an high level understanding of how computer programming works, I can appreciate that the basics are always the most important. Having a few solid basics will always get you farther than any sophisticated or nuanced understanding - or supposed understanding. I know plenty of theoretical programmers who can’t write programs to save their lives, and plenty of self-taught programmers who crunch code constantly. This is true for wood working (another hobby of mine) and music (another hobby), so I imagine it may be kind of true for financial markets and trading as well.
I’m not sure saying his videos are grounded in basics is a point against them, and considering the number of hours I’ve spent searching on google, investopedia and youtube, (hundreds of hours) if I could part with the money for his course, I would at least consider it, though I tend to love the act of learning on my own quite a bit. It’s yet another hobby of mine.
If anything, you are paying, what?, $1500 for someone (admittedly a bona fide expert) to have collected up all those articles and entries, all those spread sheets etc and put them all in one place - with explanations? I’m not seeing the downside if you can pay for it? People must not value their time.
One poster/reviewer goes through the list of videos and basically explains how each thing could be found on google.
Where? Google is a huge place.
Yeah - you see, that says nothing at all. Where to find it? How to trust it? There’s a lot of lies out there, a lot of scams!
Basically, in their point by point analysis, all they do is prove the usefulness of the programme. Now I’m seriously reconsidering if I should buy it after all - it sounds like it’s a steal at $1500. Other scammy looking programmes cost even more!
I think that review was a perfect example of over intellectualization and thinking you know more than an expert. Few people can take on the beginner’s mind. Sometimes the best teachers are incredible fools in everything but their expertise. Your ego always makes you want to find fault in others, keeping that in check so you can actually learn is the hardest thing to do.
I find the argument: They didn’t teach me enough, to be incredible.
On to point 2, this befuddles me no end. Everyone who sells any course is interested in making money from you - that part is obvious.
If you watched Kreil’s meetup videos, you’d know that his purpose is to sort the winners from the losers. He’s basically getting paid to recruit people to make him money. There’s an elegance to it that is instructive, at least.
Isn’t this also somewhat like what every elite military unit does? SEALs, SAS, Force Recon, Rangers, Scout Snipers … running out of elite units I know anything about but you get the point.
All of these organizations admit that they are looking for the %1 of recruits who can hack it. Who can prove they want it. The fact that Kreil makes you jump through hoops as a recruitment strategy into his hedge fund organization (or whatever) just seems like sound psychology and business sense to me.
What, did someone expect Kreil’d magically recognize their inner awesomeness and usher them through the gates of his enterprise just cause they paid him $1500?
The reviewer, and people in general, always say they aren’t expecting a magic bullet, but 100+ years of psychological research pretty much proves that most people rarely fess up to their childish hope. At least they are looking for an edge, to get something for nothing. It seems that Kreil’s perspective is that you grind it out, managing your risk. The conservative approach, they say! When it comes to a proper estimation of actual risks, we’re all conservative - or we end up dead. This whole: The riskier the road, the higher the profit, is nonsense. It’s like the old saying, there are bold soldiers and old soldiers, but no old bold soldiers.
Basically Kreil is, supposedly, teaching you to do with financial markets what millions of people intuitively do on World of Warcraft. Grind it out.
I do wonder about some people’s understanding of life and money.
As to point 3, I suppose it depends which you want more, reputation or money. If Hannibal Lector had information on trading that I thought was sound I’d post up to his cell with a bottle of Chianti and a questionably obtained liver. As Rule #189 stats: “Let others keep their reputation. You keep their latinum.”
As to the articles outrage of his manscusing, never complain, never explain. This all sounds consistent with his frame of reference to me. Wasn’t intending to date the dude, just watch his vids on trading.
I have no idea if I’ll actually ever buy his course, depends if I have the disposable income or not, I’m looking at a few and weighing them. I like the fact that his angles are obvious and not malicious.
Anyway, it’s cool if you don’t agree with my subjective and largely ignorant opinions. And I apologize in advance if anyone may be offended by my perspective.
