This is just a laugh-out-of-the-moment movie, not as highly recommended by Wharton

Nicolas 2022-03-23 09:01:40

1. Why did Winthorpe live in the house of the two Modimo brothers? And the two brothers also provided him with a servant. It is precisely because of this foundation that Winthorpe is finally homeless. But this is so incredible. Remember that the broker in "Wall Street" also lived in the Manhattan house he rented, although it was very expensive;
2. Will the report have such a big impact on the price? The two brothers only know about the market through the report? They don't have their own research team? Don't you want to collect the data yourself? I doubt it. If you are a retail investor, ok, no problem, you can rely on these reports. But if you are a member of the exchange, you are a big trader, and you still rely entirely on reports to make decisions?
3. Winthorpe and Valentine seemed to be market makers when they were finally on the exchange. Others trade through him. But how did they get this status? How can they have so much money? In the film, it is specially explained that all the belongings of the servant are added together. How much can that be? 1000000? How can you fight against people's wealth of hundreds of millions.
4. Win or lose in one day, this is too unbelievable. I also have a hard time imagining that the price of orange juice could drop that much in one day. No price limit system for US futures?

It is said on the Internet that this is a movie recommended by Wharton Business School. Although I have no basis, but I still have to doubt. This film is at best a comedy, a laugh-out-loud, happy-go-lucky movie. I am afraid there is still a considerable distance from the real futures trading. How can a trader learn to buy and sell so easily? You let a person learn to play Go first and try it? In fact, trading is far more difficult than playing Go. But playing Go is already very difficult.

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Extended Reading

Trading Places quotes

  • Louis Winthorpe III: [after trading ends on FCOJ, he and Billy Ray are quickly finalizing up some last minute sales. Once they're finished, they both look up to see the cost at 29. They then look at one another and scream in celebration and hug. After they're finished, they see the Dukes looking at them] Happy New Year!

    Randolph Duke: [He drops their now-worthless sales papers on the floor]

    [hoarsely]

    Randolph Duke: Winthorpe.

    Mortimer Duke: [stunned] Valentine.

    Billy Ray Valentine: Hey! How'd y'all make out today?

    Mortimer Duke: How could you do this to us after everything we've done for you?

    Billy Ray Valentine: Oh, see, I made Louis a bet here. See, Louis bet me that we couldn't both get rich and put y'all in the poor house at the same time. He didn't think we could do it. I won.

    Louis Winthorpe III: [grinning] I lost.

    [Pulls it out of his breast pocket and shows it]

    Louis Winthorpe III: One dollar.

    Billy Ray Valentine: [Accepting it] Thank you, Louis.

    Louis Winthorpe III: After you.

    Billy Ray Valentine: Certainly.

    [They both leave with Billy Ray doing Eddie's "laugh" and Lewis giving the Dukes the Aykroyd "stare"]

  • Randolph Duke: Exactly why do you think the price of pork bellies is going to keep going down, William?

    Billy Ray Valentine: Okay. Pork belly prices have been dropping all morning, which means that everybody's waiting for it to hit rock bottom so they can buy cheap and go long. Which means that the people who own the pork belly contracts are goin' bat-shit. They're saying, "Hey, we're losing all our goddamn money, and Christmas is just around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip, right? And my wife won't f... my wife won't make love to me 'cuz I ain't got no money, right?" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now! I can feel it! They out there!

    Randolph Duke: [on the ticker machine, the price keeps dropping] He's right, Mortimer! My God, look at it!

    Billy Ray Valentine: I'd wait until you get to around sixty-four, THEN I'd buy. You'll have cleared out all the suckers by then.

    Randolph Duke: This is Randolph Duke. Advise our clients interested in bellies to buy at sixty-four. Mr. Valentine has set the price.

    [He punches up the numbers on his calculator]

    Randolph Duke: Do you realize how much money he just saved us?

    Mortimer Duke: Money isn't everything, Randolph!