The Big Short: Thinking is a Meaningful Thing

Ivory 2022-06-22 23:49:34

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.

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Extended Reading
  • Michaela 2021-10-20 19:01:01

    Use the most accessible way possible to explain to the audience the US subprime mortgage crisis that spread to the world. Make you laugh and chill in your back, you deserve the best comedy/horror movie of the year. Thanks to the original Michael Lewis and other casts for allowing Adam McKay to shoot such a stunning work.

The Big Short quotes

  • Lawrence Fields: Michael, give me my money back. Michael, do you hear me? I want my money back. Give me my fucking money back, you motherfucker.

  • Mark Baum: [on the phone] Ok, I want you to walk back in there and very calmly, very politely tell the risk-assessors to fuck-off!

    Vinnie Daniel: [Walks into the room] Gentlemen, I just spoke with Mark Baum and he says to 'fuck off'.