“The movie was fiction…the problem is real.” Read more »
This Is Michael Douglas Telling People To Help Stop Financial Crime, On Behalf Of The FBI, Which Thinks People Will Listen To Him Because He Played Gordon GekkoBy Bess Levin
How serious? Fictional characters-as-deterrents serious, if that tells you anything. Read more »
Daily Intel Jessica and I saw a screening of Wall Street 2: Money Never Sleeps last week. We haven’t shared our thoughts on it until now because we haven’t wanted to/been ready to talk about it. I’m not going to say it’s so bad you shouldn’t see it, but that’s just because it’s so bad it needs to be seen to be believed and we want more people to be able to share in our collective trauma. Like being stripped naked, covered in honey and sewn ass to mouth to your fellow members of the incoming Goldman Sachs analyst class, you can’t truly understand unless you’ve gone through something like that yourself. Read more »
Despite the fact that his co-star Shia Labeouf has the accumulated wisdom of several lunches with top brass at the Encino branch of Charles Schwab, sitting in on rounds 17-23 of the Goldman Sachs interview process, and months of studying for the CFA’s Level I exam only to come down with a stomach virus the day of the test, it was retired investor Mike D who will be talking shop at CLSA’s investor conference in Hong Kong this September. For those who question whether or not Douglas knows anything about investing in real life, and why he and not another I don’t know– THE GUY WHO HAS BLOOMBERG ON SPEED-DIAL– was invited, rest assured, MD knows what he’s talking about here. Read more »
The Hollywood actor – who made the motto famous as trader Gordon Gekko in 1987 film Wall Street – says he chased the big bucks for years. The movie veteran said: “I played. Years ago, through the tech booms, I definitely did it.” Then it all came tumbling down. The actor, 65, said: “I lost 35 to 40 per cent of my net worth on the 2008 crash.” Despite prices starting to recover, he was shocked into ending his profiteering – and pulled most of his cash from stocks. He revealed: “At the end of last year, I took a whole bunch out.”
Oliver Stone has said it before and he’ll say it again: nobody was supposed to see Wall Street and think “Hey! I wanna do that, too.” And yet, for the last twenty odd years, you people and the people you work with have never failed to approach Stone or Michael Douglas when they’re out to dinner to tell them you went to work on the Street after being inspired by the 1987 flick, ruining their evenings. Idiots! You were supposed to see movie and say Gekko, bad. Prosecution of “values underpinning American capitalism,” good. See? Simple little equation. And yet. And yet. That all kind of went over your heads, didn’t it? If it makes you feel any better, you’re not alone. A much loved and sorely missed hedge fund manager didn’t get it either.