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The Big Short (spoiler free)

Posted on 12/23/15 at 6:38 pm
Posted by funnystuff
Member since Nov 2012
8927 posts
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
Posted by Brosef Stalin
Member since Dec 2011
41493 posts
Posted on 12/23/15 at 6:40 pm to
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 by funnystuff
Member since Nov 2012
8927 posts
Posted on 12/23/15 at 6:44 pm to
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 by gatorhata9
Dallas, TX
Member since Dec 2010
26185 posts
Posted on 12/23/15 at 7:40 pm to
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 by funnystuff
Member since Nov 2012
8927 posts
Posted on 12/23/15 at 8:02 pm to
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 by stout
Porte du Lafitte
Member since Sep 2006
179028 posts
Posted on 12/23/15 at 9:38 pm to
quote:

because it looks like it has a Wolf of Wall Street feel to it.



I'd be surprised if it does
Posted by HarrisLetsRide
Member since Jan 2015
1489 posts
Posted on 12/23/15 at 10:53 pm to
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 by Captain Crown
Member since Jun 2011
55771 posts
Posted on 12/23/15 at 10:55 pm to
Checking it out soon. Looks like you have an arrested development avi so I feel better now.
Posted by funnystuff
Member since Nov 2012
8927 posts
Posted on 12/23/15 at 11:28 pm to
Posted by Roger Klarvin
DFW
Member since Nov 2012
46671 posts
Posted on 12/23/15 at 11:31 pm to
The book was great, it definitely sounds like they simplified the concepts for the movie though.
Posted by Statsattack
Il
Member since Feb 2013
3917 posts
Posted on 12/24/15 at 11:36 am to
Haven't seen it but will tomorrow. Wolf on Wall Street was Wall Street meets entourage which was to much for me.
Posted by UnluckyTiger
Member since Sep 2003
41099 posts
Posted on 12/24/15 at 3:30 pm to
I hated econ in college and loved this movie.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67766 posts
Posted on 12/24/15 at 3:33 pm to
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 by athenslife101
Member since Feb 2013
20197 posts
Posted on 12/24/15 at 3:48 pm to
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 by gatorhata9
Dallas, TX
Member since Dec 2010
26185 posts
Posted on 12/25/15 at 6:00 pm to
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 by SoGaFan
Member since Jan 2008
5956 posts
Posted on 12/25/15 at 9:35 pm to
loved it. never left a theatre feeling more depressed though
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67766 posts
Posted on 12/25/15 at 10:17 pm to
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 by SoGaFan
Member since Jan 2008
5956 posts
Posted on 12/25/15 at 10:47 pm to
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 by funnystuff
Member since Nov 2012
8927 posts
Posted on 12/26/15 at 12:54 pm to
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.
This post was edited on 12/26/15 at 12:57 pm
Posted by Overbrook
Member since May 2013
6354 posts
Posted on 12/26/15 at 7:07 pm to
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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