No one knows everything about stock market, not even Warren Buffet or Rakesh Jhunjhunwala. But all you need to know to do well in stock market are its dirty secrets that are rarely known to a common man. These movies will not just intrigue you but also send you in a world of amazement and disbelief, in a world where everything seems fair! Watch these to movies to protect yourself from the traps of stock market that are not so hard to see.
#1 The Big Short (2015)
This is the best movie to understand the Subprime Mortgage Crisis that ultimately led to a global recession in 2007. The film is noted for the unconventional techniques it employs to explain complex financial instruments. Among others, it features cameo appearances by Margot Robbie, Anthony Bourdain, Selena Gomez and Richard Thaler, who break the fourth wall to explain concepts such as subprime mortgages and collateralized debt obligations as a meta-reference.
#2 The Crooked E – The Unshredded Truth About Enron (2003)
The movie discusses the famous accounting fraud involving one of the biggest companies of USA, Enron (ceased operations in 2007) and the one of the best audit firm of USA, Arthur Andersen (ceased operations in 2002). This movie will give you a fair idea about how financial statements are window dressed by companies to defraud investors.
(The complete movie is available on Youtube.)
#3 Insider Job
The global financial meltdown that took place in Fall 2008 caused millions of job and home losses and plunged the United States into a deep economic recession. Matt Damon narrates a documentary that provides a detailed examination of the elements that led to the collapse and identifies keys financial and political players.
(Available on Amazon Prime)
#4 Equity (2016)
This movie talks about the dirty secrets behind every IPO issue. When Senior investment banker Naomi Bishop (Anna Gunn) is passed over for a promotion at her firm, she fights for the opportunity to take a start-up public, hoping this promising IPO will secure her a place at the firm’s highest level. But when an employee at the start-up raises questions about a possible crack in the company’s walls, Naomi must decide whether to investigate rumors that may compromise the deal, or push forward with the confidence her superiors expect.
(Available on Amazon Prime)
#5 Margin Call (2011)
Set at a Wall Street firm on the night in 2008 when the big investment banks realize that changes in the market will wipe them out if they don’t immediately stop selling the products that have been making them all rich, the movie centers on the moral dilemma that they face in unwinding their positions, saving themselves but shifting the pain to common man. The movie finds a way to hold the mirror up to our civilization, showing how we are all complicit in a collective ‘dream’ (one character says at one point, in response to another who says he feels like he is in a ‘dream’, ‘Funny, it seems like I just woke up’).
Sahil Goel | LinkedIn