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re: I hated The Big Short - spoilers

Posted on 3/17/16 at 9:22 am to
Posted by The Sad Banana
The gate is narrow.
Member since Jul 2008
89507 posts
Posted on 3/17/16 at 9:22 am to
quote:

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.
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.
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