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Started By
Message
I hated The Big Short - spoilers
Posted on 3/16/16 at 6:21 pm
Posted on 3/16/16 at 6:21 pm
I am a finance guy. I have a lot of letters behind my name, so I understood the financial aspect. I already had a very good understanding from the book The Greatest Trade Ever Made, which focused mainly on John Paulson, who made $15B for his fund betting against the mortgage-backed securities.
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction. I don't understand that at all. It pissed me off so much. These guys emerged victorious yet the end of the movie had this very somber tone.
And there was no comeuppance for the many investors who doubted Michael Burry, especially the one guy we see him interact with a few times and who demanded his money back. At least give us something for having to sit through that. Show him pissed off at having pulled his money and lost out on a gain of 489% (less the losses realized in previous years - some of those guys were years too early and had to pay the premiums on the CDS's for years).
frick this movie. They were right and made a lot of money. They should be celebrated.
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction. I don't understand that at all. It pissed me off so much. These guys emerged victorious yet the end of the movie had this very somber tone.
And there was no comeuppance for the many investors who doubted Michael Burry, especially the one guy we see him interact with a few times and who demanded his money back. At least give us something for having to sit through that. Show him pissed off at having pulled his money and lost out on a gain of 489% (less the losses realized in previous years - some of those guys were years too early and had to pay the premiums on the CDS's for years).
frick this movie. They were right and made a lot of money. They should be celebrated.
17
Posted on 3/16/16 at 6:26 pm to LeonPhelps
None of that bugged me.
They were somewhat upset because winning meant the economy was in the crapper and they system almost fracked them.
They were downbeat because the system almost got away with screwing them and their investors and in the end even though there was CLEAR and I do mean CLEAR fraud in the interest rate manipulations, 1 person was convicted.
I'm not the least bit anti-wallstreet but this movie really pissed me off. Heads needed to roll and jail sentences needed to fly like mardi gras beads.
They were somewhat upset because winning meant the economy was in the crapper and they system almost fracked them.
They were downbeat because the system almost got away with screwing them and their investors and in the end even though there was CLEAR and I do mean CLEAR fraud in the interest rate manipulations, 1 person was convicted.
I'm not the least bit anti-wallstreet but this movie really pissed me off. Heads needed to roll and jail sentences needed to fly like mardi gras beads.
This post was edited on 3/16/16 at 6:29 pm
Posted on 3/16/16 at 6:33 pm to LeonPhelps
quote:
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction.
Well, the financial crisis destroyed the livelihoods of so many people. I thought it was telling that even the greediest people in the world recognized how damaging it was worldwide when they ended up being right.
ETA: As some people have mentioned, those were also the characters people were rooting for and they needed to appear human.
This post was edited on 3/16/16 at 7:13 pm
Posted on 3/16/16 at 6:37 pm to LeonPhelps
quote:
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction
That's for joe public movie-goer.
You think the public wants to see dudes slapping high fives profiting off of one of the biggest greedy blunder/scandals and financial crises that ruined people's lives?
The movie has to try and make these people likeable...otherwise, they're just another version of the same scam/scum.
This post was edited on 3/16/16 at 6:39 pm
Posted on 3/16/16 at 6:45 pm to LeonPhelps
quote:
And there was no comeuppance for the many investors who doubted Michael Burry, especially the one guy we see him interact with a few times and who demanded his money back. At least give us something for having to sit through that. Show him pissed off at having pulled his money and lost out on a gain of 489% (less the losses realized in previous years
That guy was his boss who was pissed at how much money he had sunk into his idea. And he didn't lose all that money. He ends up making like $482 Mil at the end of it. They show it in the email burry sends him
Posted on 3/16/16 at 7:49 pm to LeonPhelps
quote:
I have a lot of letters behind my name
Posted on 3/16/16 at 7:53 pm to LeonPhelps
Do they totally skim over the government's involvement in the housing bubble? I notice that happens a lot.
Posted on 3/16/16 at 8:57 pm to LeonPhelps
You couldn't even finish an episode of West Wing, I don't trust your opinion much at all.
Posted on 3/16/16 at 11:17 pm to LeonPhelps
How shocking considering you think Daniel Plainview is the ultimate businessman.
Posted on 3/16/16 at 11:49 pm to LeonPhelps
I liked seeing my old school chum Oscar in it. He's got the bit part overweight hispanic thug type down. Though he did a great job in his scene in this movie and I hope he gets more roles. Great to see a Kenna Brah from ol Bonnabel make it.
Posted on 3/17/16 at 7:37 am to LeonPhelps
It wasn't a movie so much as an informational montage.
Posted on 3/17/16 at 8:22 am to LeonPhelps
This movie was fantastic. Sure, it glossed over the governmental role, but it did a really, really good job of explaining the big points of the crisis in ways the average moviegoer would understand.
The use of pop culture icons like Selena Gomez and Anthony Bourdain to explain various financial concepts was brilliant.
I wish everyone would watch it.
The use of pop culture icons like Selena Gomez and Anthony Bourdain to explain various financial concepts was brilliant.
I wish everyone would watch it.
Posted on 3/17/16 at 9:22 am to LeonPhelps
quote:Even though they made a huge amount of money, they realized what their success meant. They bet that the economy would go to crap and they were right. They saw what it meant for the rest of the country and it wasn't very good. I get that. And I think there may have been truth in the somberness.
I am a finance guy. I have a lot of letters behind my name, so I understood the financial aspect. I already had a very good understanding from the book The Greatest Trade Ever Made, which focused mainly on John Paulson, who made $15B for his fund betting against the mortgage-backed securities.
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction. I don't understand that at all. It pissed me off so much. These guys emerged victorious yet the end of the movie had this very somber tone.
And there was no comeuppance for the many investors who doubted Michael Burry, especially the one guy we see him interact with a few times and who demanded his money back. At least give us something for having to sit through that. Show him pissed off at having pulled his money and lost out on a gain of 489% (less the losses realized in previous years - some of those guys were years too early and had to pay the premiums on the CDS's for years).
frick this movie. They were right and made a lot of money. They should be celebrated.
Posted on 3/17/16 at 9:55 am to LeonPhelps
quote:
I am a finance guy.
quote:
frick this movie. They were right and made a lot of money. They should be celebrated.
I think you're an insurance guy. Not a financial guy.
quote:
What I hated about this movie was all of the investors who were right and made a lot of money were all sad and seemingly embarrassed about profiting off of their ideas and conviction. I don't understand that at all. It pissed me off so much. These guys emerged victorious yet the end of the movie had this very somber tone.
The system is still fricked. It dicked over millions of people and what ended up happening? Nothing. Same ole, same ole. I'm part of this shite and wish the big banks and large wirehouses would pay the price for fricking over the average Joe investor.
Posted on 3/17/16 at 10:09 am to LeonPhelps
quote:
I have a lot of letters behind my name,
Posted on 3/17/16 at 11:10 am to LeonPhelps
Reading your posts in this thread, you seem far too self serving to be managing others assets. It takes a sociopath to not feel bad about shorting the American economy.
Posted on 3/17/16 at 11:14 am to LeonPhelps
You're the fricking worst. That's why the loser in our fantasy football league gets the LeonPhelps Award
Posted on 3/18/16 at 10:13 pm to LeonPhelps
quote:
I am a finance guy. I have a lot of letters behind my name
I hope you feel awesome about yourself.
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