Financial market documentaries
1/25/2017
Such Hollywood masterpieces as “The Wolf of Wall Street”, “Big short” needn’t be advertised. Every amateur trader must have seen them at least once. In this article, we’ve decided to concentrate on the movies that offer educational rather than entertainment value. Underneath you will find the selection of documentary movies that deserves the attention of those who are always up to learn something new.
The Ascent of Money: Boom and Bust
It’s a complete six-part television documentary about the financial history of the world starting from the Babylonian times and ending with comprehensive introductory to the 2008 global financial crisis. Someone would say that watching this hours-long video it’s a complete waste of time, that traders don’t need a degree and knowledge of the history of money to be successful. And we won’t contradict this argument; gut feelings trump everything, but the knowledge of how the finance world operates is a supplementary tool in market’s analyses. It could be your secret MIND weapon if you like. And we don’t force you to watch the whole thing, perish the thought, no. Just take you time to watch the parts you’re most interested in.
25 Million Pounds
It is a classic story of success of Nick Leeson, not very honest, but brilliant man. Nick started his career as Morgan Stanley clerk and ended up as a rogue trader who managed to bring down Barings, an old British bank due to his abilities to deceive and manipulate those around him. It’s also a story of those he deceived. They voluntarily entered into a dream Nick Leeson wove lured by the prospect of whaling sums of money and together they lost 830 mln pounds.
Floored
The movie captures the very essence of trading for living as it describes the life story of the old-school floor traders struggling to survive in the world of computerized markets. The age of technology has changed traders’ living, working habits, but not their penchant for making money. Floored is a gripping, honest and inspiring documentary describing the lives of professional traders: their worries, concerns, struggles, fears of the unknown.
Wall Street Warriors
It is a documentary series, not just a movie. So, don’t accidently hook on them. Each episode reveals us the details of various Wall Street entrepreneurs. A documentary allows its viewers to take a walk in the shoes of Wall Street pedestrians, to see the intense competition that reigns in the financial world of market gurus.
Inside Job
It’s probably the most comprehensive and informative documentaries on the 2008 housing and banking financial crisis. The film covers the US policy changes and banking practices that led to the outburst of the global financial crisis. The practical value of the movie: once you know how the crisis evolved and understand its causes, you will be able to recognize the early stages of subsequent crises and shield yourself from possible financial losses.
Too big to fail
It’s a film focusing on the actions of the US Treasury Secretary Henry Paulson prior to the 2008 financial meltdown. The US Treasury officials face with the need to bailout such gigantic financial institutions as Lehman Brothers and multinational insurance corporation AIG having recognized that their collapse may lead to the devastating crisis. The film seeks to justify the “too big to fail” theory necessitating the need for a bailout of big firms because of their great influence on the financial system. According to advocates of this theory, the too-big-to-fail firm needs to be provided with government support in times of the economic turbulences because the consequences of its collapse won’t outweigh the costs spent on its avoidance.
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