This basically revised financial catastrophe back in 2008, about how millions of peoples lose homes, lose jobs, lose pension saving…all worth 5 trillion. And… that was just USA only. Basically, the actors were playing Wall Street guys. So, their jargon was sometimes difficult to catch. It REALLY helped when scenes were paused for like 3 seconds and flashing *what are their meanings* on screen so audiences like you and me can follow.
You would be really really fascinated about this doctor named Dr Michael Burry (played by Christian Bale). He was an outlier. Before that, I actually realized that somehow doctors/physicians that make financial world interesting. Like Dr Alexander Elder, a psychiatrist turned a really well-known and respected trader. In Malaysia, I recognized two physicians which turned into 1) a hedge fund manager – Dr Faisal Ariff, CEO of Borderpass now 2) Dr Nas — Head of Research at FAR Capital (property). Never met them in person. Just recognize and self-assume 😛
So, Dr Michael Burry was a hedge fund manager of Scion Capital, noticed an upcoming housing bubble YEARS before. Unfortunately, no one notice about it including rating agencies until the day of calamity.
All boiled down to one commodity: WATER. He noticed it and made “bet against” American economy for many many 100x folds before 2 groups of investors; 1) garage hedge fund giddy boys and 2) a senior investor which played by Steve Carell whom always feel that the monetary system was fraudulent and dark but couldn’t appoint where. Those who noticed must not spook the public!
I was 15 years old back then. Ignorant.
Everyone in that crisis was weakening, massively downgrading towards disparage! They didn’t show us peoples jumping out of windows. Such suicides were really happen back then. Every mind had a wishful thinking; “When the world is going to end?”
I love drama. (I was an active drama scriptwriter and director at high school days and won cups. Hence, passion in good story.)
I was most fascinated by Dr Burry’s character whom his natural state is socially awkward. A character of an outlier is like that..like refutable, that Scion Capital investors wanted to bring down his idea and sue him before he brought them INSANE billions amount of wealth & moral redemption.
Never thought Steve Carell can carry un-comedy act so well.
A lesson we can learn from above is save some seeds and plant some trees.