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Message
The Big Short (spoiler free)
Posted on 12/23/15 at 6:38 pm
Posted on 12/23/15 at 6:38 pm
Everyone should go see it for a few reasons. (TL/DR warning)
My first (admittedly biased) reason for recommending the movie is that I'm an economist and I desperately want people to be more aware of some of the causes of the Great Recession in better detail. This movie does a fantastic job of simplifying complex concepts to the point that anyone above a high school level of intelligence can understand. Props to the film for capturing and explaining the core causes of the collapse (and making it entertaining!)
Now for people who don't give a shite about financial nuance, there's still a lot to enjoy from a pure movie perspective.
First, the movie did a fantastic job of consistently violating the fourth wall in unique and fun ways. In a movie about a group of characters finding success by going against convential wisdom, I found this violation particularly entertaining and appropriate. It was really creative filmmaking at times.
Second, it's a terrific new take on professional investors in film. In virtually every movie with a key character engrained in the world of high finance, that character is either a morally reprehensible villain (ex Wall Street) or a sad individual who eventually realizes that they need something more in their life than their careers (ex Pretty Woman). This film really humanized investors in a way that few have.
Third, phenomenal acting. Across the board, simply terrific.
And lastly, it was just flat out fun. Again, I'm probably a bit biased here as it's a field I have a vested interest in. But I really think this is a movie that a large range of moviegoers can genuinely enjoy. I'm guessing the box office numbers won't be huge (theater was pretty empty when I hit the matinee today), but I hope people give it a chance. I think it will surprise a lot of people who doubted it going in
Highly recommended for all moviegoers
My first (admittedly biased) reason for recommending the movie is that I'm an economist and I desperately want people to be more aware of some of the causes of the Great Recession in better detail. This movie does a fantastic job of simplifying complex concepts to the point that anyone above a high school level of intelligence can understand. Props to the film for capturing and explaining the core causes of the collapse (and making it entertaining!)
Now for people who don't give a shite about financial nuance, there's still a lot to enjoy from a pure movie perspective.
First, the movie did a fantastic job of consistently violating the fourth wall in unique and fun ways. In a movie about a group of characters finding success by going against convential wisdom, I found this violation particularly entertaining and appropriate. It was really creative filmmaking at times.
Second, it's a terrific new take on professional investors in film. In virtually every movie with a key character engrained in the world of high finance, that character is either a morally reprehensible villain (ex Wall Street) or a sad individual who eventually realizes that they need something more in their life than their careers (ex Pretty Woman). This film really humanized investors in a way that few have.
Third, phenomenal acting. Across the board, simply terrific.
And lastly, it was just flat out fun. Again, I'm probably a bit biased here as it's a field I have a vested interest in. But I really think this is a movie that a large range of moviegoers can genuinely enjoy. I'm guessing the box office numbers won't be huge (theater was pretty empty when I hit the matinee today), but I hope people give it a chance. I think it will surprise a lot of people who doubted it going in
Highly recommended for all moviegoers
Posted on 12/23/15 at 6:40 pm to funnystuff
I kind of want to see this because it looks like it has a Wolf of Wall Street feel to it. My one concern is that its some preachy anti-capitalism propaganda piece. I hope that's not the case.
This post was edited on 12/23/15 at 6:41 pm
Posted on 12/23/15 at 6:44 pm to Brosef Stalin
Not anti-capitalism. Definitely anti-fraud and anti-stupidity (a recurring theme of the movie), but it's got nothing against capatism. The movie does a very good job focusing intently on the causes of the recession without swaying to political messages (one line at the very end of the film notwithstanding)
This post was edited on 12/23/15 at 6:46 pm
Posted on 12/23/15 at 7:40 pm to funnystuff
Read the book and really enjoyed it. I imagine they dumbed it down because there were stretches of the book that felt like they were taken out of a finance textbook. I might try and catch a late showing tonight.
Posted on 12/23/15 at 8:02 pm to gatorhata9
Definitely should. If you enjoyed the book, you'll love the movie. It stayed very true to the source; they just presented it in a way that a mass audience could enjoy
Posted on 12/23/15 at 9:38 pm to Brosef Stalin
quote:
because it looks like it has a Wolf of Wall Street feel to it.
I'd be surprised if it does
Posted on 12/23/15 at 10:53 pm to stout
Went and saw it last night, I loved it!! Steve Carrel was fantastic. But I could definitely see where some people will be intimidated by this movie, which is unfortunate because they explained the details of the collapse pretty well. Great movie, great cast!!
Posted on 12/23/15 at 10:55 pm to funnystuff
Checking it out soon. Looks like you have an arrested development avi so I feel better now.
Posted on 12/23/15 at 11:31 pm to funnystuff
The book was great, it definitely sounds like they simplified the concepts for the movie though.
Posted on 12/24/15 at 11:36 am to Roger Klarvin
Haven't seen it but will tomorrow. Wolf on Wall Street was Wall Street meets entourage which was to much for me.
Posted on 12/24/15 at 3:30 pm to Statsattack
I hated econ in college and loved this movie.
Posted on 12/24/15 at 3:33 pm to funnystuff
My dad is an attorney but he teaches the Austrian school of Economics as an elective at my sisters high school for fun. Going see it with him tonight
Posted on 12/24/15 at 3:48 pm to Carson123987
Basically what happened was too many CDOs went bad. The mortgage lenders got increasingly less professional and more aggressive and made a bunch of stupid loans. These mortgages were packaged together and sold on Wall Street. Once people started defaulting, the value of the CDOs went to nil.
Posted on 12/25/15 at 6:00 pm to athenslife101
Saw it tonight and loved it. It did a great job of simplifying the specifics and was funny to boot. Very interesting as well as eye opening. Highly recommend.
Posted on 12/25/15 at 9:35 pm to gatorhata9
loved it. never left a theatre feeling more depressed though
Posted on 12/25/15 at 10:17 pm to funnystuff
Just got out. Fun flick with some liberties and falsehoods, but it was well done. I was hoping they'd put more blame on the Federal Reserve, though. Just remember: none of that happens in a hard money environment
Posted on 12/25/15 at 10:47 pm to Carson123987
quote:
none of that happens in a hard money environment
There is no such thing anymore and really there hasn't been in decades.
Also, wasn't the boom and bust cycle of the late 1800s and early 1900s all taking place in "a hard money environment?"
Posted on 12/26/15 at 12:54 pm to Carson123987
Yea, that's a ridiculous criticism. The Fed Reserve can certainly be pitted with a bit of blame, but not for living in the modern age of banking. Just for reference, as SoGaFan noted, there were 11 recessions through the 44 years of the Gold Standard era. A hard money environment might have mitigated this particular crisis, but it likely would've created 3 more.
And The Big Short was always a book about the market side failures of the system leading to/during the crisis. If you want to get more of the government's/Fed's involvement, you should try Too Big To Fail. There's only so much of this complex story you can cover in 2 hours. Given that time constraint, I thought the movie was an exceedingly fair treatment, even if it's focus was only one portion of the overall story.
And The Big Short was always a book about the market side failures of the system leading to/during the crisis. If you want to get more of the government's/Fed's involvement, you should try Too Big To Fail. There's only so much of this complex story you can cover in 2 hours. Given that time constraint, I thought the movie was an exceedingly fair treatment, even if it's focus was only one portion of the overall story.
This post was edited on 12/26/15 at 12:57 pm
Posted on 12/26/15 at 7:07 pm to funnystuff
It was cool to see ex but long time Fair Grounds track announcer Tony Bentley in the movie. Didn't know he was in it, but I could tell it was him the second he spoke. Very unique voice.
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