mythical finance

Braulio 2022-04-19 09:01:49

This is just a microcosm of the financial crisis. They are saying that financial greed is cruel and hilarious. It promotes a bubble and everyone pushes it up. Then those who may not be the smartest but stay awake enough in the boom wipe out a group of assets and a group of people.

The trust of normal people and the lashing out at the time of the crisis are too deified to finance and this group of people engaged in finance.

As a person from a financial major, those terms such as MBS, CDO, CDS, etc., which have been numbly heard in Xinyan Gao’s investment class, have long been afraid of being new. Later, modelling and pricing are the peaks that ordinary people such as me, who have a shallow foundation in mathematics, will never be able to climb, but The elite image of the front desk itself really has no technical threshold, let alone mystery. Most of the people are still in front of them.

So some people are disappointed that the second half of the movie is a little anticlimactic but what can you really expect

But what is wonderful to me is that there are three ways to make a living in this business, be first, be smarter, or cheat. What is thrilling is the awakening before the crisis and the way people at all levels cope with their own destiny control

Risks and benefits coexist. As a bystander, the game has to be risky to be fun, but as a player, such crises and black swans are enough to experience a few times in a lifetime. The scary thing is that the frequency is increasing.

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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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