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Kevin O'Leary describes Omega watches as "entry level" and "affordable"

OllieOnTheRocks
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mydeafcat mydeafcat
All I need to see are the words “Kevin O’ Leary says…” and I know it’ll be a load of arrogant, self-aggrandizing, promotional horseshit trumpeted by a carnival barker. I’m I upset by what he says? Fack no. Al’s bang on: O’ Leary’s existence is enough to make my skin crawl. ‘Douche’ is too generous. I’m going with ‘asshole’.

(I’d never want to go boating, or be on the same lake, with him and his wife, either. Unless, like them, I could afford an exceptional lawyer. OK, I’ll leave now).
I think you’re all just over emotional, or maybe I just don’t get passionate enough to call people names.
 
nismo
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Eh whatever everyone has an opinion. Anything sold in a mall store, which includes Rolex, Omega, and Tag among others (and other "luxury" brands like Louis Vuitton) are not high end imo. They're mass produced and more marketed than true luxury, which imo are actually hard to find and usually made to order and not easily accessible where you live within driving distance...
 
ErichPryde
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OllieOnTheRocks OllieOnTheRocks
But isn’t the fact that you are not being neutral in your use of language suggest that you are triggered. If it meant nothing to you wouldn’t be talking about it. I talk a lot about things I love and a lot about things I hate, rarely do I talk about things that are neither here nor there as it doesn’t entertain me to do so or provide me any emotional comfort either.


I don't know, is it reasonable to describe a giant ass pimple as a giant ass pimple? It's an interesting train of thought, no? if someone is a shill and a hack (and obviously so and has been for a very long time) are those reasonable words to use to describe them? And if so, what other synonyms and descriptors are unreasonable? Me personally- I don't have anything against O'Leary, but based upon his behavior it's likely he helped many poor fools lose money (and probably not a small amount). I think it would be reasonable to describe someone who causes others pain and suffering and shows little to no ability to accept responsibility or apologize as an a**hole. If that's a reasonable description of someone like that, I think it's reasonable that others can use synonyms and descriptive language with the possibility of not being triggered.

That said- I'm sure you're right, someone in here is probably triggered. It's not me though; I understand the context O'Leary was using and I don't see an issue with his opinion, it's a very tired debate as to whether or not Omega is an entry level luxury watch (or even a luxury watch at all).


EDIT: to be more clear, when you say "but isn't the fact that you aren't being neutral... suggest that you are triggered," you are begging the question or, assuming the truth of your conclusion with your statement. It's a classical informal debate fallacy. You've made two decisions: 1) Everyone in this thread using colorful language is triggered; 2) Being triggered by O'Leary is inherently an incorrect stance. I challenge both of those premises: It's possible to call a cad a cad without being upset when the label is accurate (it is); it's possible some in this thread are reasonably disgusted with O'Leary for past behaviors unrelated to Omega and therefore are using colorful language to express their disgust.
Edited:
 
OllieOnTheRocks
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ErichPryde ErichPryde
I don't know, is it reasonable to describe a giant ass pimple as a giant ass pimple? It's an interesting train of thought, no? if someone is a shill and a hack (and obviously so) are those reasonable words to use to describe them? And if so, what other synonyms and descriptors are unreasonable? Me personally- I don't have anything against O'Leary, but based upon his behavior it's likely he helped many poor fools lose money (and probably not a small amount). I think it would be reasonable to describe someone who causes others pain and suffering and shows little to no ability to accept responsibility or apologize as an a**hole. If that's a reasonable description of someone like that, I think it's reasonable that others can use synonyms and descriptive language with the possibility of not being triggered.

That said- I'm sure you're right, someone in here is probably triggered. It's not me though; I understand the context O'Leary was using and I don't see an issue with his opinion, it's a very tired debate as to whether or not Omega is an entry level luxury watch (or even a luxury watch at all).

I know a lot of people have lost money following his advocation of FTX - luckily I never jumped on that bandwagon and was using other exchanges. But I did download the app! I probably narrowly escaped. That said I don’t think he knowingly led the sheep to the wolf so to speak. He lost a lot too, although arguably he can afford to lose a lot more than the average folk. I guess the issue with celebrities endorsing cryptocurrency is that the people that follow their advice don’t understand economic cycles and buy in the hysteria. Still without retail investors in the bear market wouldn’t be able to take profits I suppose! Unfortunately for people to win there must be losers in that game.
 
texasmade
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OllieOnTheRocks OllieOnTheRocks
I know a lot of people have lost money following his advocation of FTX - luckily I never jumped on that bandwagon and was using other exchanges. But I did download the app! I probably narrowly escaped. That said I don’t think he knowingly led the sheep to the wolf so to speak. He lost a lot too, although arguably he can afford to lose a lot more than the average folk.
Only thing Kevin really lost in FTX were his endorsement fees. He didn't really invest his own money into the company.
 
Archer
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OllieOnTheRocks OllieOnTheRocks
But isn’t the fact that you are not being neutral in your use of language suggest that you are triggered. If it meant nothing to you wouldn’t be talking about it. I talk a lot about things I love and a lot about things I hate, rarely do I talk about things that are neither here nor there as it doesn’t entertain me to do so or provide me any emotional comfort either.

I guess I'm not sure what "triggered" means. It's one of those words that people use that really has no meaning other than to be some sort of insult (like telling people they are overly emotional). That aside, I think good old Kevin is a complete douche. I've thought that for roughly the last 20 years, long before he was present on YouTube, and long before he talked about watches. He's a despicable human being on pretty much every level - if you are not Canadian and haven't been exposed to his schtick for as long as we have, you might be forgiven for thinking he is something other than a self-aggrandizing scum sucker.

So your claim that I am "triggered" by him talking about Omega is so far off target that the magnitude of the miss would have to be measured in light years. I don't care what he thinks of Omega or of any other watch brand. I don't care what he thinks about anything. If you go back and read my posts, I think that would be very clear. It doesn't change the fact that what he said was factually idiotic, but again that is expected whenever he opens his mouth.

This discussion about him has just happened because he commented about Omega, and someone posted it on the Omega forum. We are discussing it, which is what these forums are for. If you want to tell us that you love the guy, I won't argue with you, or call you overly affectionate or anything. "You do you" is my attitude, and I would appreciate you doing the same for us. In reality, Omega has little to do with the way most people feel about him. Again, if you love or hate the guy is up to you, but insulting those who are expressing their opinions isn't exactly in the spirit of this forum.
 
ErichPryde
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OllieOnTheRocks OllieOnTheRocks
I know a lot of people have lost money following his advocation of FTX - luckily I never jumped on that bandwagon and was using other exchanges. But I did download the app! I probably narrowly escaped. That said I don’t think he knowingly led the sheep to the wolf so to speak. He lost a lot too, although arguably he can afford to lose a lot more than the average folk.

Alright, FTX is worth discussing in this context. O'Leary was paid 15M to be their spokesperson. I won't say that FTX didn't pull wool over a lot of people's eyes; O'Leary isn't alone in that. But, other than the 15 million he was paid to be their spokesperson, what did he lose? It's a serious question because I haven't seen any articles that outline any personal losses he may have suffered by having money invested in FTX, and I'd like to know if he did.
 
OllieOnTheRocks
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texasmade texasmade
Only thing Kevin really lost in FTX were his endorsement fees. He didn't really invest his own money into the company.
Oh thank you for that titbit.
 
ErichPryde
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OllieOnTheRocks OllieOnTheRocks
Still without retail investors in the bear market wouldn’t be able to take profits I suppose! Unfortunately for people to win there must be losers in that game.

To this edit: I agree, unfortunately. There's always a bagholder. But in the case of FTX, we aren't just talking about the zero-sum game of the markets; we're talking about a case where there was active fraud. Perhaps just a bit different than people buying stocks/assets/crypto in a downtrend because a celebrity told them to do so (another point worth discussing, but that would take away from the current topic)
 
OllieOnTheRocks
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OllieOnTheRocks OllieOnTheRocks
Oh thank you for that titbit.
ErichPryde ErichPryde
Alright, FTX is worth discussing in this context. O'Leary was paid 15M to be their spokesperson. I won't say that FTX didn't pull wool over a lot of people's eyes; O'Leary isn't alone in that. But, other than the 15 million he was paid to be their spokesperson, what did he lose? It's a serious question because I haven't seen any articles that outline any personal losses he may have suffered by having money invested in FTX, and I'd like to know if he did.
Yes it would be interested to know. He was paid thag 15 million in FTT right? I wonder how the tax would work on that. He wouldn’t have to worry about unrealised gains but I suppose he may have had to sell at a loss to get the losses.
 
ErichPryde
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OllieOnTheRocks OllieOnTheRocks
Yes it would be interested to know. He was paid thag 15 million in FTT right? I wonder how the tax would work on that. He wouldn’t have to worry about unrealised gains but I suppose he may have had to sell at a loss to get the losses.

I can't say that I've gone out of my way to research this topic, but have seen some news headlines (whatever those are worth) that suggest he may also have been sued by investors over the payments.
 
Pastorbottle
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OllieOnTheRocks OllieOnTheRocks
Haha well I find it entertaining so I must be a fuckwit. Thank you sir.
I didn’t call you a fuckwit, but if that’s a hat you’re happy to wear, who am I to deny you the opportunity to wear it?

Ok, I’m bored with this nonsense now…….moving right along…..
 
Aroxx
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Yea, it’s pretty stupid to say it’s a watch one doesn’t have to be embarrassed to wear. One shouldn’t be embarrassed to wear any watch. Except an Invicta. ::stirthepot::
 
OllieOnTheRocks
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Pastorbottle Pastorbottle
I didn’t call you a fuckwit, but if that’s a hat you’re happy to wear, who am I to deny you the opportunity to wear it?

Ok, I’m bored with this nonsense now…….moving right along…..
If nothing else I've had a good chuckle haha
 
wagudc
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Archer Archer
It's amazing how people can read a thread so differently. I don't think anyone here is "giving" any "weight" to what Kevin says. In fact, they are pretty much all saying he's completely wrong.

You're right, I was wrong when I said "folks here." I suppose my comment should have been directed at the OP who cared enough to make the post. The rest of the folks here responded with either: a) "who cares what other people think, buy what you want', b) "who cares what that 🤬 thinks, or c) a discussion about what "entry level" means.

Regardless the OP generated 4 pages of discussion. So it gave people something to do, if not provided some entertainment.
Edited:
 
gatorcpa
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OllieOnTheRocks OllieOnTheRocks
He was paid thag 15 million in FTT right? I wonder how the tax would work on that.
Simple and complicated all at the same time.

Simple, in that regardless of whether Mr. O’Leary was paid in cash, bitcoin, FTX stock or magic beans, the fair value gets taxed to him at ordinary income tax rates, probably 37%, plus self-employment taxes if paid directly to him and not to a corporation he owns.

Complicated, in that if he was paid in something other than US currency, he has to take cost basis in the property received equal to its fair value on the date received. If he got FTX coin or stock that is now worthless, then he’d have a (likely short-term) capital loss that can be deducted only against capital gains, except for a $3,000 annual allowance.

Don’t even get me started on state income tax consequences, although my guess is that Mr. O’Leary established residency in a non-income tax state (NV, TX, FL and a few others) long ago.

Clear as mud, right?
gatorcpa
 
marco
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I have never heard of the man, 30 seconds into the video I exited.
Reading the comments though far more interesting.
Much ado about nothing ?
 
CSG
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Jesus, no wonder I stopped coming to this forum. All because a wealthy watch collector rightly calls Omega watches (of which I own two) "entry level" in the world of higher end watches?? I also consider Rolex (of which I own three) entry level higher end watches. It's not an insult to thin skinned Omega or Rolex owners, it's an accurate comment.
 
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