Hands down. By far, the most simple and to the point explanation of CDS

Just watched The Big Short and a lot of it went over my head so now I'm trying to watch all these explanation videos.

Finally, someone has explained the whole s**t-show in a way that I can understand. Thank you, sir!

You can show this video to a young child or a golden retriever and they will understand it, great job.

Thanks Andy. You are better than Wikipedia.

I wish the entire world of derivatives could be put into my head just like you did with credit default swaps. Thanks for making it funny 😊

Very good explanation and very accurate with one additional bit of information: The insurance companies who sold the credit default swaps also had insurance on those credit default swaps and that’s why it spread like wildfire.

A significant component in teaching is transferring information in a clear and concise manner, this small lecture exemplifies the principle. firstclass.

It's so refreshing to get a simple explanation, as opposed to complicated rabbit holes intended to to make one feel stupid or out of the loop. Thank you, sir, for just making sense.

You do not understand how simple you made this sound to me , i now fully understand it

I've seen movie on the same topic but didn't got to know at that point of time.. and Your two minute video and i got it.. That's called Teaching. Thanks Sir .

Fantastic video congratulations!!

Simplest and easy-to-digest video related to what are the Credit Default Swaps. Thank you Mr. Millard.

While I understood the mechanics of how Swaps such as CDS's work prior to this video; your method of getting it across is definitely the best that I've seen.

Absolutely the best explanation ever about CDSs. You made it so simple! I am sure there are a lot of technical details about these instruments, but this is all we needed to know. Thank you.

“Thanks again, see you next time”

I wish school professors could explain complex subjects as good as you

Very cool channel! Great to have discovered it with this video on such a random topic 🌞

This is just the explain like I’m 5 that I needed. Thanks

hands down the best explanation of credit default swaps on the internet

Yea I needed this, it’s looking crazy right now with credit suisee

This was so wholesome.

Now that's how you describe Credit Default Swaps! I need you to teach all of my series 7 content lol

Superb explanation. Thank you

That was a great way to explain it!

It’s the Big companies faults not the people anyway but she was like buy a house And thank you for explaining

So that's what happened. I wish the Big Short would've depicted it this way.

Good Video sir. Thank You Dr Burry.

Wonderful, wonderful explanation. I was a real estate for eight years, and I can tell this is exactly how it all works for the benefit of the banks. I've never met anyone who owned their home. When they needed to sell it, they were always upside down on their equity and usually took a loss or just walked away from it, leaving their furniture behind. The bank would foreclose on it and wait for someone else it up.

Wowwww it's a really good explaination!

I laughed my head off Andy. You are amazing. Way better than investopedia

"Still has not been fixed." As mortgage rates rise, history will repeat itself.

Nice Explanation ...Thanks Andy...Request to create videos on FRM courses...

Great video Andy. Well Explained

Very simplified, but a nice starting point to understand a bit more I guess. The kicker is the fact organisations who weren't involved in constructing or selling houses, issuing mortgages or selling insurance products put huge amounts of money in the game too - a game which ended in tears of course. A few who could see the risk and problem made a lot of money though, by effectively bettering (or hedging) the game would end in tears.

I struggled a lot to understand CDS, thank you very much, one of the best explanations of the CDS on the entire internet!

Thank you , best explanation on the web

Great! I have been watching multiple videos and reading articles and still couldn't understand it until now! Thank you!

7 years later: this is a problem that still has not been fixed.

Excellent Video!!!

Excellent explanation

Many thanks for this simple explanation!!

the most perfect simple explanation ive ever seen

Most simple explanation I've seen on Credit Default Swaps. Loved it. Shared it.

The fact that they bailed out banks with our money, took peoples homes anyway, yet didn't make credit default swaps illegal going forward tells you everything you need to know about who runs the show.

Great video. It's like my Dad is explaining this stuff to me!

Sir u r awesome...love from India

BRILLIANT @@@! SIMPLE - EXACT - RELEVANT

That was indeed brilliant sir , ya kept it short and sweet to the point ! The concept just pierced through my dumb brain , thanks 👍

SIR, YOUR explanation WAS BY FAR THE BEST!!!!!

Your video saved so much of my time. Most videos are long on this subject and you simplified it to a great extent. Thanks!

Splendid! Equally educational, funny, and conscious. Why aren't you every manager and professor?

Great and simple explanation. I subscribed to the channel. Thanks.

I just LOVE this video!! I have been trying to understand the movie The Big Short and this video just explained the whole thing! Wow, big laugh at the end too thanks!!!

And on that cheerful note.... Shake that money maker

what a beautiful and insightful explanations. I really liked it. hope see more of this simple nature for complex financial term.

I've been trying to read up and learn about CDS for half an hour, confused and Andy just explained it in 3 mins! Thanks Andy, keep up the great work!!

That was a really creative explanation. Love the use of props.

Yes, a little simplied. Watching the Big Short helps but even that needs to be explained.

Bro that intro was crazy funny! I am watching this at 5am and just fucking yelled AHAHAHAH

Beautifully succinct.

Wrinkle obtained! THX!

wow this guy is absolutely fantastic

Thank you, best video by far!

Fantastic. Exactly what you need out of a basic, introductory explanation. Thank you for not using jargon!

My goodness, learned all I need to know about the financial meltdown in a 3 minute video, thank you!

WOW! I'm a pretty smart guy, but this is the first time CDS's have been explained in an understandable way. Thank you!

Easiest to understand explanation of the subject I’ve found. Thank you

Great video !

thank you so much. i have been struggling with an article for 4 weeks and could not get my head round CDS. thanks to 'Financial Toy Vision' I think i got it. cheers, from the UK.

Brilliant explanation

great explanation of a CDS

Brilliant! "What could possibly go wrong....?"

Explained very well. crisp and simple. Thank you all the way from India. continue the good work.

Nice and easy,thank you Sir

So that's what jim lahey would look like sober

There's Brilliance in simplicity!

Thank you Andy, here's my Subscription

Thanks for you explanation. Really appreciate it! Takes intelligence to take a very complicated subject and explain it in a simple and accurate way, not many can do that. Great job sir!

wowww thank you so much. Easy peasy lemon squeezy

This is why Financial intelligence is a must in today's ever-changing economy. Whether you're investing in residential or commercial real estate or simply preparing for retirement. Financial intelligence knowledge is ever so needed today. And it's never too late to learn......

That was awesome

And here we are again

This is a really awesome explanation. Thanks!

Best explanation for CDS. Thank you!

If and only if Andy Millard were my teacher...Thanks Andy!

Very clear explanation. Thank you!

This was amazing!! I've tried a few different avenues and couldn't quite get the hang of this but you out it so simply and your demonstration was awesome. Thank you!!

You're the best!

I like this way of explaining. Thank you.

Great explanation Thank you❤

great simple video

Just great!!

Super great video, thanks!

feels like a park ranger giving me financial advice haha 🤣great video though, easy and simple explanation

Thank you for that illustration!

Sometimes it takes toys to show it simplest

Simple and very well explained, thanks Andy

This was sa easy to understand and illustrative. Thank you!

🤯 this video wrapped perfectly a chapter I’m reading on this subject! Nicely done sir!!