Richard Coffin

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For The Plain Bagel, my name is Richard Coffin.

Thanks for joining me today.

Ladies and gentlemen, welcome to The Plain Bagel.

I'm your host, Richard Coffin.

A lot has happened over the past couple of weeks in the banking sector, and even the past week since the collapse of Silicon Valley Bank.

In the US, we've since seen a second bank, Signature Bank, come under FDIC receivership.

But even an annual return in the high double digits isn't really that likely.

But Richard, that can't be true.

I just doubled my money this past month.

That's great, truly.

Furthermore, hindsight is 20-20 and we shouldn't cherry pick the returns of a few individual positions or individuals to forecast our own future performance.

Time and time again, we've seen that high performing funds and managers of the industry eventually tend to fall short as time passes.

But Richard, this time is different.

Let me stop you there.

Good morning, I'm Richard Coffin.

A Canadian coalition of local managers, unionized workers and First Nations is working towards purchasing Rhymes to Miskaming Mill.

Officials say they're looking to secure the future of the mill's operations and protect the jobs that support families across the region.

Good morning, I'm Richard Coffin.

The North Bay OPP reports a 72-year-old New Liskard resident was killed in a single vehicle collision involving a motorcycle on Highway 11 North yesterday.

Emergency crews responded just after 3 in the afternoon to the crash near Tilden Lake Road.

Ladies and gentlemen, welcome to The Plain Bagel.

I'm your host, Richard Coffin.

If you've been on finance YouTube long enough, you've seen your fair share of burning dollar bills and thumbnails that highlight that this is the end.

While you might have noticed a bit more burning greenbacks unusual lately, given recent headlines that spell trouble for the US economy on the topic of de-dollarization, the fear that the world economy is moving away from the US dollar and that the currency might even lose its status as the world's reserve currency.

But at the end of the day, there's no tried-and-true method for determining its value.

"So Richard, if you're not gonna provide any in-depth analysis or tell us which way Bitcoin's gonna go, why make this video?" I was gonna get to that.

[laughs] My friend let me borrow this.

I wanted to find a use for it.

And if you're s- an investor who doesn't own any Bitcoin, just know that [laughs] that's okay.

You're not alone, and, uh, it's okay to not invest in something you don't fully understand for fear of missing out.

"But Richard, you're gonna miss massive returns." Uh, maybe, but that's fine.

"But you'll be left behind as fiat gets crushed." Probably not.