finance in movies and tv excel for finances

Share what your impressions are based on a recent TV show or movie, or one of the movies from the CFA Institute’s list if you can find one of the movies online. If you haven’t watched anything finance-related lately, check out the one of these movies: The Big Short, Margin Call, or Wall Street (the original one, not the awful sequel). TV shows include Billions or some early episodes of Silicon Valley that involve getting finance for the new company. Post your thoughts in the first week of the module.

For the second week of the module, dig into the assignments and start to use Microsoft Excel. There are some videos on Excel in the background reading page, but find an additional video or two that helps you get started. Share the link with your classmate and discuss the usefulness of the video you found.

Below is my movie choice and write up. I just need help with the second week assignment part….

Movie: Big Short

Big Short is a film that explores the financial crisis of 2008 that was triggered the housing bubble in the United States. The film stars Ryan Gosling, Christian Bale, John Magaro and Finn Wittrock. It has been highly credited for its employment of unconventional techniques to explain complex financial instruments. Concepts such as collateralize debt obligations, subprime mortgages are explored in the film (Lewis, 2016). The film also explores the conflicted morality of numerous people who are said to have prevented the crisis from happening. It is asserted in the film that housing market in the United States during the late 20th century was an asset bubble that was majorly inflated by high-risk loans. In 2005, Burry, who was the directing manager of Scion Capital, created a credit default that allows him and other to “short” housing market (Lewis, 2016). However, his clients grew angry when creditors and banks argued that housing was stable but the market kept surging. When the clients demanded their money back, he placed the moratorium on withdrawals.

Nevertheless, his underhand methods are discovered by Jared Venett and devise every mean to stop him from establishing credit default swap. Mark Baum, the “Hedge Fund Manager” collaborates with Bury to invest in the credit default market and came to recognize that loan packages referred to as “collateral debt obligations have earned AAA ratings and they are worsening mortgage crisis. After disclosing that innovations in the CDO market are fueling immense risks in the market, Baum concludes that housing bubble will give rise to economic collapse in the United States and hence shorten the financial sector (Lewis, 2017).

Two investors, Jamie Shipley and Charlie Geller seek investment advice from Ben Rocket, a retired banker. After making numerous bets against the housing market, they grow angry that they are profiting from U.S economy crisis and financial doom. Although they successfully make a fortune on their investment, Shipley and Galler are left highly disheartened about the moral hazard and excessive risk is taken that ultimately fuel bailout of numerous banks (Lewis, 2017). Later, the duo would fail to sue the rating agencies for their misleading raking of mortgages and mortgage securities. Meanwhile, Burry end up producing about 450 percent returns on the course of the economic crisis.

Conclusion

The chronology of financial crisis and financial terminology of the financial are highly complex and difficult to comprehend in a two-hour film. Therefore, the film employs a stylistic and simple approach to define financial tools such as credit-default swap, collateralize debt obligations, tranches and mortgage-backed securities that helped to collapse the United States economy (Lewis, 2017). The film provides a highly but engaging exploration of the years preceding collapse of housing market.

Lewis, Michael. The big short: Inside the doomsday machine. WW Norton & Company, 2011.

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Please respond to the following:

Post 1

After viewing the film, Trading Places, I got the impression that working as a commodities broker is so easy that someone off the street could do it. The film focused on the lives of two individuals from different backgrounds that were chosen as part of an “experiment” (more like a bet) to see who would succeed and who would fail. Eddie Murphy’s character, which is someone who grew up in the ghetto and doesn’t have the slightest clue about how the stock market operates, is chosen to run a multibillion dollar company and to replace a Harvard graduate, Louie, who’s life has been ruined by the Duke brothers (the ones performing the “experiment”). By the end of the experiment, Eddie Murphy’s character is able to operate the company, given his new surroundings and resources, while Louie struggles on the streets.

At the end of the film, both subjects become rich and deplete the resources of the Duke brothers. This movie gives the impression that managing stocks successfully does not warrant an ivy-league education but more so a willingness to learn. It also shows how quickly lives can be changed for those who invest mainly in stocks. The Duke brothers were forced to turn over all of their assets because they didn’t have the cash to pay at the end of the business day. This film really captures how important it is not to invest solely in one specific stock, but to keep a variety of stocks in your portfolio.

Post 2:

It was hard for me to choose between Wall Street and Boiler Room. I’ve seen both and Boiler Room is one of my favorite movies regarding finance.

The movie centers around the character Seth. He is a guy that is willing to make money the easiest way that he can. Obviously that usually includes illegal means. He runs an illegal gambling operation that gets him arrested. However, his father is a federal judge and is not happy with how Seth makes a living. A broker shows up with a lot of money to gamble at the illegal casino. Seth sees this and is hooked, he is interested in becoming a broker. To do this he has to close 40 accounts and pass the Series 7 Exam. Anyway the movie does a good job of displaying the fast paced and seedy side of stock trading. they show the high pressure tactics used on the most vulnerable. The motto they use is “always be closing”. They literally were pushing worthless stock to collect the fees while holding the lucrative IPO stocks for themselves and friends. Ultimately the inevitable happens. However, how it happens is what makes the movie interesting. To me it’s a cautionary tale of the desire to get rich quick at all cost. I hope some of you have the opportunity to watch it and give me your perspective.

 

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