My K guy once drew me a map of the chain of fees and middlemen between me, him, and my money.
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The Rise and Fall of Eliot Spitzer may already need a title update.
The film is set in and follows Seth, a ne'er-do-well operator of a fairly successful illegal gambling operation, as he gives up that job to become a ne'er-do-well operator in a fairly successful illegal brokerage operation. There's no honor in taking that after-school job at Mickey Dee's, honor's in the dollar, kid.
So I went the white boy way of slinging crack-rock: I became a stock broker. That message is reinforced by Ben Affleck's character, Jim Young, a trainer of new stock brokers, early in the film. You understand what that means? Act as if you can afford that car. Wall Street The Lesson: The camera may love it, but greed isn't good. Oliver Stone's movie Wall Street is one of the few successful, realistic films about finance.
Its lesson wasn't hard to decipher. Stone set out to tell a morality tale about the destructive values of American capitalism; immoral money manager Gordon Gekko mentors the young stockbroker Bud Fox, whose hyper-ambition for money destroys his life and those of the people around him.
Greed is not good. That lesson, in real life, went largely unheeded. The wheeler-dealers in the film Boiler Room sit around and watch Wall Street, reciting Gekko's lines by memory. Michael Douglas, who won an Academy Award for the role, has expressed astonishment at how often Wall Street males tell him he inspired their career choice. A morality tale about the young Fox instead sparked hero worship of Gekko and his "greed is good" philosophy. The movie still got the era right. There are the colorful corporate raiders of s Wall Street, the chaotic trading floors, the young stockbroker making cold calls, the bad music and bad art, and hyper-materialism.
It also unintentionally foreshadowed the Wall Street crash of Some of the fashions, and certainly the tools of the trade like Douglas' cell phone , may look antiquated compared to Wall Street today, but the moral of Stone's story is only more relevant, and still ignored. Glengarry Glen Ross The Lesson: It isn't really even about Wall Street.
It's about four real estate salesmen and their varying degrees of panic and desperation after a representative from the corporate office blows into town to deliver a simple message: The bad news is you're all fired; the good news is you've got one week to regain your job.
A younger Alex Baldwin delivers that message, and even though this film isn't technically about Wall Street qua Wall Street, there's a good chance just about anyone who works on Wall Street has seen it, if only for Baldwin's one crucial scene. This is the infamous "Always Be Closing" scene, and anyone who's ever been a salesperson on Wall Street, whether at a big wirehouse or a small independent firm, knows the reality of that scene and the character Baldwin plays runs deep through Wall Street's cultural DNA.
Anybody wanna see second prize? Second prize, a set of steak knives. Third prize is you're fired. Marlin saying, "You have to be closing all the time. If it's too good to be true, and too complicated to be explained, it's probably fraud. And it took them 24 days to go bankrupt. In the documentary Enron: The Smartest Guys in the Room, which was co-produced by Mark Cuban, who is now being re-investigated by the SEC on insider trading charges , we see former CEO Ken Lay saying, with a straight face, "Enron is a company that deals with everyone with absolute integrity" and former COO Jeff Skilling professing ignorance of what went on behind the scenes during a congressional hearing.
Based on the best-selling book The Smartest Guys in the Room by Fortune reporters Bethany McLean and Peter Elkind, and directed by Alex Gibney -- who was also at the helm of Client 9, about the meteoric rise and rock-hard fall of Eliot Spitzer -- the film recounts how Enron executives used systematic fraud, even creating fake entities, to inflate the company's value on paper.
It's hard to imagine how Gibney managed not to drop the camera from sheer disbelief when Skilling said -- also with a perfectly straight face -- "We are the good guys. We are on the side of angels. With k accounts tied up completely in Enron stock, in some cases, many people's life savings were completely wiped out. Enron employee Max Eberts recalls, "It was kind of like being on the Lusitania.
The torpedo had hit with 20 minutes to get out. Don't fight the market or break the law, or hide your mistakes, or try to run. How quaint, how simple a sentiment: Don't fight the market. Any money manager could tell you that. In the movie Rogue Trader, it's advice that comes too late and goes unheeded. The film, released in , is a semi-fictionalized account of the Nick Leeson story. It shows how, from to , Leeson, as a futures trader for Barings investment bank, worked on the floor of the Singapore Monetary Exchange taking risky unauthorized positions.
Betting Barings' capital on the Nikkei Index, he initially made millions for his iconic employer. When the market turns however, Leeson is caught out.
His losses mount, and the year-old whiz kid falls victim to denial and magical thinking. Certain he can regain the millions that have gone down in bad trades, he hides his mistakes in the bank's error account and attempts to move the market by purchasing ever-larger contracts, being so bold as to request additional funds from Barings. In the film, Leeson, played by an endearing Ewan McGregor, is depicted as a banking outsider who gets a little too high on the excesses of the expat lifestyle.
In fact, if the market had gone the other way, even if he had held out another year, history shows, the trader would have been heralded as a genius. Leeson was given a six-and-a-half year sentence in Singapore's Changi Prison. During his jail time, Lesson's wife divorced him and the young man was diagnosed with colon cancer, which he's survived.
Leeson was released and allowed to return to the UK just a month after the film hit British theaters. Since then, Leeson has finished a psychology degree, remarried, and become general manager of Galway United FC. He now spends much of his time presenting corporate talks on risk management, according his official website.
Meanwhile the film has been mostly forgotten by the general moviegoing public -- "It had the raw excitement of doing my tax returns," said one reviewer -- but it remains popular with traders who appreciate the few nail-biting scenes and the successful depiction of an Asian trading floor during a volatile period.
Watching the film in , it's hard to imagine that future traders would choose to go rogue and make all the same mistakes. In the market as in life, there are only accidental coincidences. Among the many themes addressed in director Darren Aronofsky's feature film debut Pi, arguably the most prominent is the link between money and religion. The psychological thriller equates life's pursuit of the almighty dollar with the search for a divine leader.
Simple for those grandfathered in, worthless for some who can't justify the cost. The movie also has excerpts from the interviews with the journalists Bethany McLean and Peter Elkind and also the interviews of the former employees, executives and stock analysts of Enron which were along the company during its journey from till it was declared bankrupt in The movie is an independent documentary about the role of a Quant and how he functions.
Effects of greed and fear are closely described in this movie. The limits of mathematical modeling in the context of stock broking are described perfectly in this documentary.
The movie is those who try the practical approach towards the ups and down of share market. Documentary Heaven 8 — Inside Job Directed and produced by Charles Ferguson, this film describes the chain of events that brought upon us the global financial crisis of in which many people were forced to lose their jobs and homes and is considered as the worst recession since the Great Depression of the s.
The documentary features interviews from key financial experts, politicians, journalists and academics. Notable Hollywood actor Matt Damon lend his voice to narrate the incidents happening in the documentary.
The film is critical of Wall Street executives, credit agencies and especially regulatory agencies for the crisis. The movie tells a dramatic tale of the financial crisis while mocking the corrupt politicians and banks. McKay combines goofy comedy with moments of caustic satire.
Inside the Doomsday Machine. When four outsiders saw what the big banks, media and government refused to, the global collapse of the economy, they had an idea: Their bold investment leads them into the dark underbelly of modern banking where they must question everyone and everything.
Mar 03, · Watch Quants: The Alchemists of Wall Street () online. Documentary examining how the financial system has become increasingly dependent on mathematical models attempting to quantify human and economic behaviour and 8/10(4).
Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior.8/10(71). Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behavior/10(41).
Title: Quants: The Alchemists of Wall Street () / Want to share IMDb's rating on your own site? Use the HTML below/10(15). Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour.
Documentary: Quants – The Alchemists of Wall Street Posted on October 6, by admin1 Quants, or Quantitative Analysts, are the people who work behind the scenes creating mathematical models and programs that are used to trade financial markets. This documentary offers some insight into the question: “what is a quant?” and gives a rare glimpse into this arcane corner of Wall Street and global financial markets.