A Few Little Things I Learned from "Shanghai Ultimatum"

Jorge 2022-04-19 09:01:49

1. The office struggle never ends

As long as there are people, there will be rivers and lakes, and as long as there are offices, there will be office struggles.

Leaders, subordinates, and colleagues are friends today and enemies tomorrow.

There is only eternal interest, watching human beings fight one after another with contempt.

Today, the chief risk officer and broker A conspired to damage a general of broker B,

And tomorrow the chief risk officer can be called a scapegoat, because broker A and broker B stand in the same team.

In the boss's company, you can only do the same thing as the boss.

2. Standing in line is more important than giving

There is a character Judd in the film, who rises and sits firmly because of sticking to his position.

When the dispute in the conference room fell silent, Sam, in his sixties, suddenly asked his boss Judd: How old are you?

Judd replied: 43 years old.

Let Sam exclaim that he has worked in this company for more than 30 years, and he is still working for a 43-year-old young man.

In the eyes of the boss, the difference between Sam and Judd is,

Judd would never contradict his boss.

3. Cash is king, don’t add too much leverage to yourself

Dale, who first started monitoring this metric, didn't expect his layoffs to come so suddenly.

He had just used a loan to buy a house before the layoffs and stayed up all night unable to face his family on the night of the layoffs.

The irony is that the root cause of this financial crisis is the mortgages of millions of families that have been packaged and beautified countless times.

People in this country did not expect that their own little waves,

Fueled by this huge tsunami.

How will Dale's mortgage be paid, and how will the mortgages of millions of households be paid?

Where do we make money, and where do we lose money one day.

4. The more B PLANs, the better

When I was a child, I read martial arts novels, and in the sword, light and sword, the protagonist had several strategies flashed in his mind.

I envy such reaction speed and mechanism,

But once kidnapped by life to numbness,

Most people have lost the ability to think about B plan.

There is no longer a career in this world that can be lived on for a lifetime.

The speed of change in this world reminds us that we are still animals by natural selection.

Behind a stable source of income,

How many hidden risks are there

Zhang Jiawei said: "The world is constantly changing and changing. We don't know how technology will change life in 2025, and what the world will be like in 2030 - just like I was in 2006, I can't imagine what the world is like today.

Because of the sense of security given by the unit, many ordinary people dare to consume in advance and buy a home. This is actually a risk - so when the accident comes, they are caught off guard. "

5. Don’t work just for the money

Dale, the head of risk control, talked to his colleagues on the steps of his home about his achievements as a bridge engineer.

Because the income chose the financial industry.

The fledgling Pete was a rocket expert.

Because of good mathematical literacy and high salaries in the financial industry, they are attracted to the industry.

They all deviate from their original direction,

The vortex of the subprime mortgage crisis engulfed them to be re-selected again,

But do you really want to step into this river after this?

6. Does the risk calculated by the risk model must be discovered at the moment when it is calculated?

Soaring house prices, economic bubbles, soaring prices

Don't people feel it?

What is blocking people's eyes?

What keeps people from ignoring the truth.

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Extended Reading

Margin Call quotes

  • John Tuld: So you think we might have put a few people out of business today. That its all for naught. You've been doing that everyday for almost forty years Sam. And if this is all for naught then so is everything out there. Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different today than its ever been. 1637, 1797, 1819, 37, 57, 84, 1901, 07, 29, 1937, 1974, 1987-Jesus, didn't that fuck up me up good-92, 97, 2000 and whatever we want to call this. It's all just the same thing over and over; we can't help ourselves. And you and I can't control it, or stop it, or even slow it. Or even ever-so-slightly alter it. We just react. And we make a lot money if we get it right. And we get left by the side of the side of the road if we get it wrong. And there have always been and there always will be the same percentage of winners and losers. Happy foxes and sad sacks. Fat cats and starving dogs in this world. Yeah, there may be more of us today than there's ever been. But the percentages-they stay exactly the same.

  • Will Emerson: Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door.

    Seth Bregman: Do you think we're gonna be wrong?

    Will Emerson: [long pause] No, they're all fucked.

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