Just in time is important

Marcelino 2022-10-25 18:25:23

In view of this year's oscar award, I took the time to take a look and learn how the economic crisis happened. Maybe it's because of the phd candidate. When I watch a documentary, I always see it as a piece of paper, to see how the director collects materials step by step, presents evidence, and puts forward opinions. Therefore, I often despise the views in the film after watching a documentary, and feel that there is insufficient evidence, especially those archaeological films, and the conclusion is so inexplicably raised. Sure enough, when I was watching it, I remembered another documentary I watched n years ago, "The Inconvenient Truth". Back then, I couldn't agree with Gore's point of view, mainly because he was a member of the political circle. Any academic opinion tinged with politics, I find it untrustworthy. I always remind myself not to go into this muddy water, or I might get into trouble one day.

Closer to home, I still learned something after reading it, saw some unfamiliar terms, such as AIC, ODC, etc., and understood how the subprime mortgage crisis happened, but most of them are still confused and do not know the reality. Did the collapse of the Chinese lehaman brother really have such a huge impact on the financial world? I really have no talent for economics. The director will only organize materials according to his own point of view. I believe that every paper he lists can also find a large number of negative papers in the same era when it was published, which is equally well written. Therefore, I can't judge whether the point of view in the film is right or wrong, please teach me if you know how to do it. However, after reading it, I still came to some conclusions:

1. The most important thing is to manage your own money. Those investment companies will only deceive people, and they will not be able to collect debts when they go bankrupt. Don't invest for ten years later, twenty years later. As a P citizen who does not understand politics or economics, especially in this era of unstablizing, you can spend what you need to spend, and you can spend what you want. The ghost knows what will happen in the future. In the near future, let’s talk about 2012 first~

2. If you really want to invest in the future, then you should study economics yourself. Maybe the old man’s words are still right, so let’s look at Das Kapital and The Wealth of Nations first. ? Or does anyone have a recommendation to look at. After I figure out the principles of economics, I know where my money is going, and then I decide to invest in my own way. Am I really a phd~

3. English is really getting worse and worse. I can't understand the subtitles. I still can't understand the words while reading. What a shame~

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Extended Reading

Inside Job quotes

  • title card: The presidents of Harvard University and Columbia University refused to comment on academic conflicts of interest. - Both declined to be interviewed for this film.

  • interviewer: On your CV the title of this report has been changed from "Financial Stability in Iceland" to "Financial *In*stability in Iceland."

    Frederic Mishkin: Um, well, I don't know. Er, which, er whatever it is, is - the thing - if there's a typo, there's a typo.