The film is divided into two different story themes with 30 minutes as the boundary. The first 30 minutes was a narration that really revealed the secrets of investment banks and Wall Street. He showed the audience that all brokerage and analysis are just clouds, and they are the bottom of Wall Street. There are no consultants who truly create wealth for their clients, and some are just superb marketing skills. Boss Rothschild, played by Matthew McConaughey, reveals all the mystery in just a few words - what does the broker rely on for food? Commission. What is the commission? Only trading can generate commissions first. The broker doesn't care whether your stock price has risen to the sky or fallen to the ground. Whether you buy or sell, the meaning to the broker is the same. It has and only one motive, which is to keep going. By urging customers to trade frequently, only the more they buy, the more they will have continuous income.
With that said, it is better to understand and understand that the broker knows that he is a junk stock, and he is going to sell him regardless of the consequences, which is nothing more than smashing the 50% commission behind the pink sheet. So at this moment, will everyone feel lucky, fortunately, the development of the new third board is so slow, otherwise it is to supervise the original mainland market, and rashly opening the new third board is tantamount to opening the iron cage that trapped the wolf. Brokers cannot create wealth, only the market can create wealth for investors, and investors have always created wealth for brokers and the investment banks behind them.
Some people may wonder, is there no one to take care of such a blatant "fraud"? No one cares about it, and the department doesn't care. The rapid development of the financial industry is reflected in the endless financial creativity. Today, the most backward major economy in the financial industry, the specific target composition and exact weight of any financial product from any commercial firm in mainland China are still in the cloud, let alone It is good to mention non-standard and even financial derivatives. When Lehman Brothers collapsed 7 years ago, even Lehman's own analysts had no way to figure out how many multi-level bonds, junk bonds, and third-party audits from non-financial origins were mixed into the CDS issued by them. The ilk, and even the SEC, have no background in investment banking, what can they find from it? Fifteen years ago, when Goldman Sachs also used CDS to make false accounts for the Greek government and hide billions of public debts, the economic leaders of the ECB did not even notice it. First, there was the false prosperity of the 2004 Athens Olympics, and Today, the Greek debt crisis that has made the entire euro zone scorching.
In addition to what I admire the most, the "Bible" that salespeople must read in the first 30 minutes and the next 150 minutes return to the feeling of popcorn, but it is not vulgar, and more of a continuation of the former, Another more meaningful theme conveyed to me - life is too short to have fun in time.
It is very exciting. It is the best drama about investment banking that I have seen so far. It is recommended and must be collected.
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