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Margin Call Reaction Video | Phil Town
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- เผยแพร่เมื่อ 14 ส.ค. 2024
- The 2008 financial crisis devastated millions of Americans causing home mortgage foreclosures, and unemployment rose almost 10%. In this video, I talk about the sequence of events that unfolded in the movie Margin Call during the collapse, and how the firm handled it. bit.ly/32f9odk
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Timestamps
00:00 - Intro
00:30 - Margin Call
01:17 - Clip 1 from movie
02:30 - My thoughts on the crisis
06:20 - Clip 2 from movie
08:05 - Renaissance Capital
09:00 - Clip 3 from movie
12:35 - Judging the market
15:58 - Question
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financial tips, stock market crash, financial crisis, how to prepare for a financial crisis, how to invest, investing tips, 2008 financial crisis,
What are your thoughts on how Margin Call portrayed the 2008 financial crisis? Leave a comment below!
If you need tips on how to keep your money safe during the next market crash, download my Stock Market Crash Survival Guide: bit.ly/32f9odk
Just found your review, but I love "Margin Call" and I think you do a great job discussing the film.
It's dumbed down of course BUT it acts like this company didn't know how bad it was til it was too late . It was really a setup from a certain group so they can make alotta money on the taxpayers expense . We used to have what Republicans call EVIL regulations and laws to prevent companies to repackage crappy properties and relabel them decent investments . That's the only unrealistic part of the movie is to me .
Margin Call is the best movie about business I’ve ever seen. I’ve been in boardrooms and I recognize those executives. Beautifully acted, written and directed.
I love the end of Margin Call where the one guy takes an offer he doesn't want because he needs the money after all his years of making tons of money on Wall street.
To give him the benefit of the doubt, he just went through a messy divorce that resulted in him losing his own house.
The best part pf the movie was the senior partners meeting. The moral dilemma and struggle between John and Sam during this meeting is essentially the heart of the whole movie. Survival or the greater good?
Absolutely fantastic scene 👏
Great video! But I would recommend either lowering the background music or completely getting rid of it. Your content is great and the people watching aren't more likely to keep watching from the background music
100%
Totally agree
8:00 little
inaccuracy, Jeff Bezos never worked at Renaissance Technologies but at D.E Shaw in the beginning of his career. Granted they are both quantitative strategists but their investment thesis is slightly different.
Also it is not Renaissance Capital but Renaissance Technologies. Renaissance Capital is a more classical investment bank based in Russia ;)
Phil, I cannot be more thankful for reviews like this . Love the review , the metaphor. Like all your work, big fan of your podcasts as well. Will keep learning from you and who knows maybe someday I can transfer the knowledge to future generations. YOU ARE MAKING THE DIFFERENCE !
Top video. I love this underrated classic
we are so lucky to have you uncle phil. i hope one day i can shake your hand and thanked you in person
Thank you for your support, Jose!
Highly watchable film
Have a Merry Christmas Phil🙏
why do you need the background music? Kill it - it's distracting, especially at the levels you have it in this video
I agree. Otherwise a great video.
Pls also review Inside job, Too Big to fail and Boiler room. Inside Job explains The Big Short in layman's terms. I feel it's the best film on finance and investing😎😎😎
This is a great film.
Thanks for watching, Chris!
This sounds just like 2008 and now 2022/2023
I love this film.
A great video, Phil. 100% agree. Thanks for uploading it, and Merry Christmas!
People didn't "lose their homes", they didn't have any money in their house anyway. Essentially they paid rent for a while. Big deal. Afterward, there were a LOT of homes that were built, and they sold for almost nothing. Lots of people got deals of a lifetime for very low interest rates to those who weren't in debt up to their eyeballs.
Great video! Background music not needed, makes it difficult to hear you at times.
Thanks for the video, but the background music is a distraction.
As a non-professional with all of one single online financial engineering course under my belt, I'd like to hear more about those VAR models. We spent hours in the course going over the math behind ARIMA only to show that, despite its sophistication, it still can't beat a naive forecast due to market prices being a random walk.
Very presumptuous of Phil to say that Renaissance Capital wont be interested in me, the guy who scored an A+ in third grade math!
Merry Christmas Phil, I must watch the movie and then make a few comments.
Great insights in this video; thanks Phil!
Thanks for watching!
Exactly Phil, you want to be outside the theater when it goes up in flames and run back in once the flames are being put out while everyone else os scared.
Great commentary, Patrick Stewart!
Good stuff Phil. Go AMC.
Short Koss.
Thank me later.
Merry Christmas!
is this not also the same that happened originaly with gamestop stock after an over short sale? they short sold way more than the company dept allowed?
Please review more films/scenes!!! Very informational. Include “documentaries” too!!
Great explanation!!!
8:10 you mean Renaissance Technologies LLC, also known as RenTech[4] or RenTec,[5]
they might be smart, but seems, even they don't know how to pay taxes.
In September 2021, Simons, Mercer, and other Renaissance executives agreed to pay up to $7 billion in taxes and penalties to settle the dispute with the Internal Revenue Service.
It was a stretch. Figuring out someone else's incomplete logic after a particularly stressful hard days' work and presenting it by 2:00 AM is something a twenty-something analyst will do just once in his career. He may have been a rocket scientist, but he was drawing on his statistical background to identify the risk profiles.
To be fair, top mgmt had advance warning and had insight into what was happening.
The fact that some dweeb in the Floor could figure it out was their wake up call to react big time.
Despite the Economic crisis its still a good time to start up an investment
I watched it twice and got a good understanding of it. For people with little financial knowledge it's a lot harder to follow.
Thanks for watching? What was your biggest takeaway?
What happens if when you buy a stock and it has $300M in cash, looks good with zero debt, has almost $100M per year in (Selling & Adminstrative & Depr. & Amort Expenses) and still zero sales with (negative) -$100M Net Revenue, and the price still keeps going down, with only about $100M left in CASH? SELL! Who even wants to buy stock that is way overloaded in debt? No mote is big enough to pluck the feathers off a random BLACK SWAN and survive. Anyway, why pay a stock reorganization broker fee, when you can just sell? There are so many many companies out there with way more debt than cash. There is no way that most of them will ever dig themselves out of that great big hole they have made and be profitable. Reading balance sheets is really a whole lot of fun.
I think when he said "No more than that.." he meant I do nothing else, not "I look only one year ahead".
Your comments on short horizons are generally on spot, but do not think it is related this particular words he said.
I think it is sad that common hard working citizens that struggle withmoney and go to work every day to make barely a living suffer. People that play with the stock market and work in financing make millions.
Movie theatre analogy: did Burry get inspired by you a few weeks ago?
I enjoyed the video, but I think your commentary missed the major points about what they were actually doing. You did have some excellent points in how they viewed the market etc. They were not specifically investing however, and instead were rebranding loans into some very nice packages. They took a bunch of crap, and out came a diamond, until everyone realize the diamond was actually a lump of coal. I know you know this well beyond my knowledge, but I don't think a lot would understand.
Amazing video thank you
HEY!! Thank you SO MUCH for taking your time to break this down for us. Does this mean that we should get OUT of our 401K's?? Thanks again!
background music is distrubing the movie scene, if editing is troubling you perhaprs so it without music at all.
I love it when you review films like that, from your technical knowledge, and general wisdom points of view. I always learn a lot, maybe even more than from more technical videos.
Phil-curious about how old you are?
the show must go on
Always be first
You fall off your house? You okay? I noticed the red eye.
Both movies The Big Short and Margin Call had in them a singular moment when some peon found out there was something wrong. The portrayal of some bean counter dropping his jaw at the moment this revelation was occurred. All of us on mainstreet knew what was happening and were not surprised in the least that the whole thing crumbled down. We all lost tens of thousands, hundreds of thousands and in some cases millions. The movies put some schmuck out there to keep the heads of these firms out of jail. They got away with it and we all know it. No trust ever in our gov't again or these banksters. I had to watch both of these films to see this point. Enraged
ALWAYS BE FIRST
You’re a very attractive older man...lol
You think we love on a spiting ball. ? Do some research .. It;s flat and not moving.
The music kills the video, I'm out.