Jan 18, 2023
The Big Short with it’s all star cast recounts the events of three
groups of traders that bet against the housing market in the years before the
sub prime mortgage crisis that would eventually result in the failure of key
financial institutions. The Big Short is unique as a high budget Hollywood
production that actually takes the time to properly portray the way that
finance really worked behind the scenes and uses financial events to progress
the plot rather than focusing on wild parties, sports cars and sexy ladies like
some other movies that took a very different approach to storytelling.
Similarly to the Wolf of Wall Street, the big short is a move based off a book
only the wolf of wall street was an autobiography written by Jordan Belfort
himself and The Big Short: Inside The Doomsday Machine, was a standard
non-fiction title that described the role of several players in the creation of
the credit default market betting against the American housing market. The Big
Short was written by Michael Lewis, a veteran financial journalist and the book
really does read like a 320-page financial article, in that it’s very
information dense but also very well researched and verified. For this video we
will only be looking at the players that are in the movie, but the book does go
into detail on some people that were either entirely cut from the film or
merged into other characters to make the movie entertaining to a broader
audience. Unfortunately, in the process of making it appealing as possible to
cinema goers the movie did cut out some very important details, and also just
straight up got some things wrong. So, it’s time to lean How Money Works and give
you guys the investment banker’s insight into what really happened in the Big
Short.
https://www.youtube.com/watch?v=3xC1a5r0zNY
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