Two most direct experiences:
1. Probably in the foreseeable future, the subprime mortgage crisis, caused by the same reason, is not enough to threaten China's real estate market.
The reason is that, as far as I know, the domestic financial market and financial system are in their infancy compared to the United States, and financial derivatives are not that complicated, or even simple, and objectively not enough to cause the subprime mortgage in the United States in 2008, as reflected in the film Crisis;
2. The world may not be what we think it is. There is a "predetermined" direction of development in various fields.
There are many reactions in the film, even from the point of view of an ordinary financial manager like me. The fund manager should be a big bull, an expert, and a god. I don't know what those complicated things are. The fund manager is like an undergraduate facing a professor. Regardless of his image, he only understands a little after writing and drawing on the CDO manager's dining table. With a basic understanding, the mention of CDO is again confusing.
I can't help but think that when I studied funds, I now know that there is still a fund of funds. Therefore, the film gives me the feeling that people at the center of the macro economy still cannot fully grasp the trend, and everyone involved is an ignorant individual.
So I think of the House of Cards, so I wonder if it's the same with politics. Whether active or passive, conspiracy theories are a very common way of thinking. However, is the trend of the world really in the hands of a few people in power?
Is it true that every participant is a player in the game, just holding the cards in their hands, and then just trying to get the most for their interests? Human future? Human destiny? Who really cares?
From this, I now think of the natural sciences as the subjects that I am more familiar with than political science and finance. Perhaps our current cognition is really a pile of shit. Maybe scientific constructivism is really just construction.
Thinking is really an interesting thing.View more about The Big Short reviews
