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Saturday, December 26, 2015

The Big Short

[VIDEO] The clip above shows Dr. Burry being confronted by one of his investors for going against the mortgage market. An example of what you would see in The Big Short.

I saw this film recently at River East and it's a serious movie about the mortgage crisis. A number of individuals in this movie portrayed by actors Christian Bale, Steve Carell, and Ryan Gosling had the foresight to bet against the subprime mortgage market.

There are some hilarious aspects of the movie to explain the mumbo jumbo explained during the course of the movie. Many of us likely won't understand the Wall Street language as far as this mortgages it needs to be put in layman's terms.

Either way we do get the message about how these mortgages have made many of these players wealthy and how far down it went until some of the players on Wall Street began to suffer for their mistakes. Bad terms for these loans and not only the people who took up these loans suffer, also those who either invested in this market or who sold these loans.

As we saw in the movie and in real life about 2008-09 two investment houses eventually closed up shop because of this collapse. Lehman Bros. and Bear Stearns essentially no longer exist.

Now I only wish I had the ability of Dr. Michael Burry who owned his own fund and although not trained or educated in finance knew enough to dig and found a reason to bet against the subprime mortgages. People thought he was nuts but in time figured out he was right and got their rewards to.

Tuesday, December 15, 2015

Star Trek Beyond trailer

[VIDEO] Right now because it's coming out soon moviegoers are excited about the new Star Wars by JJ Abrams. Next summer is Star Trek Beyond and just in time for the 50th Anniversary of the classic Star Trek series. Not enough given away of Beyond in the trailer but then that's a good thing.

I've often heard that today's previews are giving too much away of the movie their seeking to sell. Either way can't wait to see more in the future.

The fact that the film makers and producers of the current crop of Trek films are making the franchise seem cool by injecting elements of today's pop culture into it is a nice touch. Have little idea how other Trekkies may view this, however.