The Big Short (2015) - Brownfield Fund "meeting" with JP Morgan Chase [HD 1080p]
Вставка
- Опубліковано 17 лис 2016
- "JP Morgan Chase. JP Morgan Chase."
"Okay..."
"It's just a meeting though, you know?...People have meetings all the time. You Know?"
Jamie and Charlie from Brownfield Fund gets to "meet" JP Morgan Chase with their intention to be qualified for ISDA.
They do not get what they want but they do find something else that will turn out to be an opportunity of a lifetime. - Фільми й анімація
The JP Morgan Chase guy is amazing in this scene. He talks to them like they just made glitter and glue pictures of their mommy and daddy.
This movie really makes you feel that young guys running a small hedge fund are losers wasting their life away! Even without the trade of the century, going from 110k to 30M in four years is insane! Who tf wouldn’t atleast sit with them and see if they can work together or not?
Not just that but by looking at the scene, what happened. You can tell this guy probably went to an Ivy League from a wealthy family that basically got him his first job and he's arrogant. Personally he probably never made 30 million from investments like these two. He looks down on them because he has his nice little job at JP Morgan
But after the crash, this guy was probably fired and these two he looked down on made so much money because they were way more successful and smarter.
@@lifeinjersey9846 What school he went too won't change the fact that (1.5B) is the minimum requirement...
@@carlweston4808 I'm not talking about the minimum requirements. I'm talking about his attitude. He's snobby thinks he's better because he works for JP Morgan even though Brownfield made more money than he could dream of. He has a cocky attitude and most likely after the crash he probably got fired especially if they made him reject people in the hall like that
@@lifeinjersey9846 youre making a lot of assumptions there bud.
The guy scheduled the meeting at 4:50pm on purpose because he knew it wasn't going anywhere and he could be out of the office by 5pm lmao
Good catch lol
just lol if you think IB analysts finish work at 5
If you are in Investment Banking you are not leaving the office at 5
They treated me this way when I wanted to start a checking account.
damn bro chase bank gave me a chequeing acount and credit card and I don't even have an SSN
RUdigitized I fucking lold
I told them i didn't want checks. I just wanted a savings account because i'd just end up writing bad checks. They pretty much told me i couldn't do that. I ended up writing them bad checks.
Ahhhhh lol
They wouldn't let me set up a checking account so I went to Ciibank. I ended up being a shareholder in JP Morgan Chase when they bought Chemical Bank, where I had shares.
I love the JP Morgan guy's expression change and his frustrated tugging at his shirt sleeves as soon he hears their amount is 'only' 30M. Great acting.
Yeah great acting cuz today’s value is 25M
Great direction, too. Either in the script or otherwise.
Little stuff like this is choice as it represents how JPMC and whales like them would have handled a meeting like this. You can infer after this scene that "Ted" told this underlying to not let these dipsticks to get past the elevator lobby. Just sit and talk to them a few minutes and politely tell them they are no where near the kind of client they want and they wasted our time.
@@pettifoggingpharisee that guy most likely just another officer. Their firm now managing 9Billion usd and they can trade ISDA.
He fixed his shirt under his suit bc it’s clearly not Taylored…like at all. Other than his suit. That’s just ughhh I see mediocre lawyers and bankers with tailored button downs. Pay attention to detail next time
The JPMorgan Chase guy was a really good actor imo lol
What 's his name ? I thought it was Nicholas Hoult at one time but it's not.
@@kelseycurtis1546 Joey Brooks?
He was perfectly condescendingly friendly
I was thinking the exact same thing
@@Sauj123 Thanks for adding the link, but wrong answer... that's not Richard Corapi. His name is Joey Brooks, but he is mislabeled on the IMDB page as a "Goldman Sachs banker". Joey's headshot is there so you can see that he was the one who played Chris.
I love the 4th wall breaks in this movie. They are done perfectly.
iandhr1 Wonderfully casual but also non-invasive.
The Nirvana cover song not done perfectly.
right! It doesn't feel this good in 'Don't look up' movie directed by the same guy.
Gave me big House of Cards vibes (the early seasons with KS when it wasn’t shit).
That's really cool.
I like how the JPMORGAN Chase guy says "that's really cool" at 1:36 about the $30 million in assets. Sort of like a parent might say "that's really cool" to a 4-year-old about his tinker toy creation.
@@Sebastian_1177 whilst I agree, I think part of the point of this scene is to show how snobbish and demeaning the city bankers are and it’s very cutthroat.
@@f8talfury Sure, but in fairness to the guy, they’d come there looking for an ISDA while having 2% of the money required. It’s... well, not a good look.
@@selcuk1479 True for the banks it made sense but if look at it from a neutral perspective it was entirely their money. This JP Chase guy is most likely handling 100x more daily but still is happy about his ~200-300k total gross income a year given that he is still super young and he was assigned to talk to those uninteresting guys.
I doubt that kid banker would have a net worth even close to $30 mill, so he should’ve been more impressed and respectful.
@@nikc6165 in reality, had he just told that guy that they turned 110k into 30m, that banker would’ve been dead impressed, if he didn’t think they were lying through their teeth. In reality they didn’t turn 110k into 30m so it doesn’t matter, and it’s a movie so the reactions are exaggerated for comedic effect anyway. But 30 million is pocket change to bulge bracket banks and star traders make tens of millions a year in bonuses. If that kid banker was a star trader, he could have had a net worth of 100m (but he wouldn’t be taking meetings in the lobby then either so...)
The JP Morgan guy just stole that scene. Amazing appearance. LMAO
Hahah he was so chill 😅
this makes them look bad, doesn't it?
He did and he was perfectly cast for the part. He conveys the east coast kid from a relatively wealthy family and private schools that gets a job on wall street right out of college.
Agreed.
Who schedules a meeting at 450 in the afternoon?!? Realizing they were screwed before they got there
The fact he sits on the arm of the chair, to elevate himself. Subtle but brilliant.
Thanks for that observation. I watched the movie a few years ago and filmed this scene with my cell phone, I was so blown away. The JPM guy....incredible presence and acting.
it's about as subtle as a baseball to the face
It's how they work on Wall Street. They're smart and know what they're doing, hence why they make the big bucks. They know they can turn you away because they have something you want.
@@wadeharris348 They think they're smart. Reality most of them are born into money, never had to think for real. That's why they got reames by people like Burry.
Lol these comments are hilarious. Sitting on the arm of the chair is considered brilliant 😂
I just love how Adam Mackay breaks the fourth wall by explicitly saying the boys didn't find out about Burry's plan in the exact way they portray it. Not many films retelling real events would do that.
Right? Lol They’re like, this didn’t exactly happen but just go with it!!
It's actually an Essay/Cinematic Movies by McKay. It made really like this to not only disturb your mind, but also made you thinks this important for a while.
The movie exaggerates the extent to which these guys were underdogs. The real life Jamie's Dad was a partner at Lehman brothers and was the Chairman of AEA Investors at the time of these events.
Good point.
I did overlook the inception story of Cornwall Capital from my research until you mentioned it.
That bit of news raises a whole lot of ethical and legal questions about their trades during the movie's timeframe. I would be willing to bet that these guys committed a great deal of Insider Trading probably using the Dad's insider knowledge of the real market situation back then regarding MBS's, CDO's, CDS's and everything else about the Subprime Mortgages and ratings' agencies
What Hollywood exaggerated and distorted the truth for entertainment purposes??? Get right out of town.
@@timothyharshaw2347
That's great!!
That's what we all would have done!
I'm not sure if that's relevant. They started with $110,000 from when one of them would sail boats up and down the US coast. They also made a lot of mistakes when starting their trades, like they saw that oil was prime for shorting and they accidentally bought ethanol futures, or something like that.
When the guy asked them to sit down in the chairs in the lobby. They should have known right then and there. He didn't care how much money they've made. He just came down to show them to the door.
Edwin Lindley He didn’t want those two “peasants” contaminating his office. He wasn’t even going to check out Brownfield Fund to see if it actually increased its net value almost thirty fold. They picked up that prospectus on the lobby table and were on to something big in two minutes. That prospectus was sitting there right under their noses and Chase was too arrogant to check it out.
He was pre-qualifying them. He even said that he wasn't able to find any marketing materials or anything about their fund, so JPM couldn't find out anything about them, so sent a junior broker down to give them the facts of life.
He was very civil and professional considering they were wasting the bank's time (and being unprofessional) asking for an ISDA in their position. Not having marketing materials etc would have been a massive red flag that they weren't in the same league.
If you manage billions you are going to have tons of info about you online. So obvious red flag.
@@lawrencebittke8478 he clearly says that's not how it happened in real life. He didnt find the prospectus sitting in the lobby.
@@The3nd187It’s symbolism.
I love the slight douchiness of the JPMorgan Chase guy.
He did say it was cool what they did.
I really can't spot any douchiness at all. He tried to be polite as any man in his profession would.
He was actually really friendly to them and neutral on the matter.
Nah that was pretty well handled. JPM obviously wasn't going to waste time with so little money so the fact that they even sent someone to speak with them is already better than nothing. The junior JPM guy was actually very polite considering the fact that a.) he was rejecting Brownfield and b.) Brownfield was a complete unknown and c.) Brownfield had zero clue what they were doing. It's actually disrespectful for Brownfield to even ask for an ISDA without knowing all the requirements. (the JPM guy actually puts it in a very polite way saying that "it's not great" that they didn't know rather than hammering on them for being so stupid)
He strikes me as the kid in school who was a math wiz and got picked on growing up and now can't help but rub everybody's face in how successful he is now.
One detail that I liked it how Charlie Geller just comes out and says, This makes us look bad, doesn't it, that we didn't know what the minimum was. That's his strength coming through: even in a bad situation he can be objective and face the facts, pick himself up and get going again. Unlike the people driving the real estate bubble, he's a realist.
If I was in a meeting with a guy and he said that, I'd actually be very interested in working with him, especially given his stated investment performance (if true).
Actually it's a really bad look. If you setup a meeting it's expected you do due diligence to best equip yourself, and more importantly, to not waste your audience's time. If you waste people's time it will destroy your cred and they will not want to work with you. Most likely they exaggerated the whole scene bc no way do guys make a return like that without knowing the ISDA reqs before an ISDA meeting.
The fact that he even cares.
@@ggaccentc or they just wanted to meet that Ted guy (Ted's desk) so they can build connection with some top employees and get licensed. Just like Ben Rickett did for them.
That was actually a bad obvious question and you can tell by Jamie's face.
He asked a bad question then followed up with that immature one.
Yes, it's good to have a mindset to learn but not to expose your total ignorance to potential clients or partners.
I worked at JPMorgan when this movie came out and interns would quote "JPMorgan Chase, JPMorgan Chase" all the time.
It's been said a million times, but the 4th wall breaks in this movie are fantastic. Not only are they executed beautifully, they serve an important purpose. Without this and many other 4th wall breaks, the movie would not have been as accurate and as committed to telling the entire story as it was. The director and writer are geniuses when it comes to filmmaking.
Was about to comment this.
My take about the 4th wall breaks is that it makes the movie understandable for all of the non-financial people.
And the funny thing, it's almost like you are watching a documentary. I would even argue that these fourth wall breaks aren't even "breaks." Instead of throwing you out of the movie, they rope you back in.
Fourth Wall Suctioning, I am calling it 😁
I watched this movie about a year after it came out. I was about 25. I’m 32 now and I’ve rewatched it about a dozen times in that span. It’s really a masterpiece. A slow burn that teaches lessons that you revisit and get a better grasp on each time. Perfect casting, great humor, and the fact that it’s real makes it maybe my favorite movie of all time.
It's important to note to anyone getting their hopes up watching this video that Jamie Mai's father was one of the leading figures in private equity, and Jamie received a job in PE (notoriously difficult) due to this connection. Much different than starting a hedge fund in a garage, as claimed by Lewis.
Also, the figure 110k that was turned into millions was actually just a small testing account Mai used in a personal etrade account, and he used that account to experiment ways to grow his father's money.
The undisclosed principle was hinted to be much larger, and their options mispricing thesis was actually much more complex than Lewis presented in his books. So, this is not quite a wunderkind story of two young men turning 100 grand into a small fortune.
Source: Jamie Mai's interview, Market Wizards
devil in the details.. good find NO FREE LUNCH
💔
$110k from sailing boats on the East Coast should have been a tell as well.
well that makes so much more sense than how the movie tried to make these 2 out to be. 110K to 30M is ridiculously impressive where it would make no sense for these two to proceed and mope around as if they are failures
That's generational wealth for ya.
"Uhhhh, it's not great." -- the inside joke between me and my friends when one of us proposes a really stupid idea.
Because of this scene whenever I get hyped up about something I have the urge to start repeating "JP Morgan Chase!" like Charlie
I have a bachelors in commerce and its uncanny how much the kid they talk to resembled many of my classmates. Nice on the surface but just a slight air of superiority that's off-putting. great acting.
He looks the same age as the two people he's interviewing, also.
If there was one thing that disgusted me in college it was trust fund kids. Their only plus side was inflate their ego enough and they'll pay for dinner/drinks on the weekend routinely. They all had a "work hard, play hard" attitude but nearly all of them skipped the first portion and did the latter.
HE IS way superior to them. You gotta learn to not hate everyone who is better than you.
@@agnidas5816 JP Morgan got a $25 million bailout from the govt after 2008. Brownfield (aka cornwall) capital profited $120 million after 2008. He is not better than them.
As someone who works on Wall Street as a Compliance Officer, this is spot on. The arrogance and superiority felt in this scene is exactly how it feels when working with investment bankers. I get it, you're smart and you have a lot of money, but don't be a jerk. Bunch of trust fund babies who came from money and had top flight educations. You can smell the egos when you walk into the room.
“That is really cool!”
I LOVE that guy. I have a few favorite scenes in this film(love this film), and this is one of them. I also love the scene of Steve Carrell interviewing the smug businessman who’s just consuming one thing after the other in Vegas.
Thing is they act like amateurs in this movie but they just said they turned 110,000 into 30 million in 4 years, and that's their personal money
Vince P which is amateur money when these guys are used to working with billions.
@@crunch9876 Go do some research on what a realistic expected return is on invested money you idiot, that is a nearly unheard of % return, only matched by the few legendary investors of our time. It's not about the absolute figure, it's about how much they managed to grow it.
@@TheUndulyNoted they lied about how much they made.
@@yugiohpokemon5285 About 4 minutes into the clip, the Narrator (considered always reliable in the movie) confirms that they turned $110K into $30 million.
It’s not about the returns, it’s about their asset under management and at $30mm that is tiny AUM. The banker wasn’t looking down at their personal wealth, it’s that these guys had no investor base and it’s not worth a big trading desk’s time to oversee such a tiny AUM. Now if these guys walked into chase personal bank they’d be treated like royalties
The guy they're meeting with looks like Martin Shkreli.
Yeah 😂, Shkeli is savage smug, this actor is empathetic smug
I love PharmaBro™! I look forward to him getting out, making news again, making videos in his crib again.
he looks Asian+white
That Chris guy put in a great performance hahaha
Joey Brooks
Elon musk
That JP Morgan character had one scene but he made it his own, he’s both hilarious and so condescending it’s painful 😂 great acting
I literally have watched this movie 5 or 6 times, i always watch clips of it on youtube. I dont understand my fascination with it but it truly is a masterpiece of a picture. I will never understand why this movie wasnt bigger than it was
Seems like something inside you is beckoning you forward. Maybe you should get into finance.
@@Benjumanjo I was thinking the same. I’m going to look into it
Seem like it was. It turned a $50 million budget into $133 million. And won an academy award for best Screen play with nominations in multiple categories. If they rereleased on stream like Netflix, it would get a lot of attention too
@@cottonmather8146 I agree with what you’re saying but I have lots of friends and relatives who hadn’t ever heard of the movie before I spoke to them about it
@@chyatt93 Popular =/= great movies. Star Wars is popular and it hasn't been great for a while. Diversifying your audience often comes at the expense of the quality of a film, especially one that deals with the socio-economic impacts of the 2008 crisis. There's no hero's journey here
2:51 What the... First time I saw this I was like... they just did that??? It takes a special kind of balls to not just break the 4th wall, but to actually point out that you embellished the story, and he just goes right back into the scene afterwards. It makes a cooler scene than them just reading and hearing about it, while also telling us how it really happened, as well as being very funny. This is why I fucking love this movie (well, besides its very important and boldly stated yet unpretentious political message).
They do it to give the movie more credibility. If people see that they openly admit to embellishing the truth , they are more inc.inclined to accept the message at the end.
@Josh JeanJacket Jaeger I do!
@@jeremydyar7566 it's also kind of Brechtian, breaking the illusion for a moment to remind the audience this isn't *just* a story, it's real life
My favorite part of the movie. "Okaaay? Ok."
"have a good one guys"
I know he is acting like a complete jerk...but I absolutely LOVE the young guy who interviews Brownfield. It is a VERY realistic portrayal of young punks "I" have dealt with in the biz.......Right down to the patronizing tone, ("that is SO cool!") and then the insulting farewell (Give us a call WAY down the line, okay?)
that is what you think a jerk acts like ? lol wut ...
dude... you have some serious ego issues... saying that same way I would notify you if your house was on fire
You'r'e absolutely right. I have dealt with them as well since I work down near Wall Street and its just the nature of the game. When you have that kind of money, it does demand respect.
Only that guy doesn’t have that much money. Low level bankers like him probably make 100-200k.
@@ryanhughes1101 I think what I meant to say was that he has access to people with way more money. So they are the gatekeepers. But still, that kind of money does come with a certain level of arrogance and ego.
I’m drunk so I’ll waste my time explaining this. That’s an intern if u couldn’t tell. He’s fixing his collar and shirt measures at 4:15-7 bc his shits not tailored. Nobody in dt manhattan or la walks around in untailorwfg clothes. His acting is great but clothes and body language is awful and screams intern
“...trying to win the Indy 500 with a llama”
Dreamworks Animation: 🤔
Haha
Best comment section ever you guys are geniuses I'm enjoying learning a lot . preciate it
Give an Oscar to the wallstreet bro, that was a legendary performance!
“ wow that’s really cool”
"....give us a call, way down the line". Man, that line must've hit like a freight train, lol
Chris was actually really nice by investor standards.
I love this movie for being able to depict the nature of this event while dumbing down the details to such a baseline. Great writing.
Not dumb enough for me 😭😭
"TED! Chris... Chris!" literally one of the funniest exchanges of this film, burst out in laughter the first time I ever saw this film and still laugh at that exchange til this day
Are we gonna ignore the fact that Ben Rickert was prepping for this quarantine since ages ?
I love how he curls into the fetal position after the meeting.
Power move: He pretended that he had to think about how much they were below the threshold and then proceeded to tell them, not a rounded or general number, but the exact amount they were down. 😂😂😂
“THAT IS SO COOL!! But you guys need a Little Bit more money for an ISDA!! About … $1.470.000.000 … Sooo … Keep up those returns … And give us a call … Way down the line!!! Have a good one Guys!!” Hahahahahaha … The Best Scene!!
I always thought the choice of Polyphonic Spree for that drop right there was so perfect. This movie did a really great job contextualizing the period through its sountrack & found footage.
Also it just occurred to me that more time has passed since this came out until now, than had passed between the actual events occurring and the film’s release (!)
Was that Polyphonic Spree doing Lithium? One of the most phenomenal covers I’ve heard in years.
The way they arranged the seating in this scene shows the power dynamic so well. Brownfield guys are sitting low like toddlers, JP Morgan guy so confident.
Thanks for posting this and so many other clips from this great movie! The actor who played the junior banker at JPM did a great job capturing the douchey arrogance people associate with wall street. Also the scene made me think that even Scion couldn't qualify for an ISDA with JPM if their minimum capital requirement was $1.5 billion?
Hello cxc511,
You are very welcome! If you enjoyed the videos, please share it (or the playlist) with others. It is crucial that more people know about the crisis to prevent, or at least better prepare, the next crisis.
In regards to Scion Capital's qualification for ISDA, I believe that Goldman Sachs, Deutsche Bank, and other Wall Street investment banks that Scion Capital entered into CDSs trade with, most likely made a special case for Dr.Michael Burry, just like what happens to Brownfield Fund later on as shown in the "Brownfield Fund gets ISDA".
It is all about asking the right question to right people to persuade the counter party to let you participate in a trade involving a complex financial instrument such as CDS.
Thought of that too. In the clip with Scion, they say the fund manages $550m so well under the $1.5bn. But I'm guessing the grey haired big wig guy (Lawrence) is behind getting Scion an ISDA in the same way Ben Hockert in the end got Brownfield one. Just my guess though.
Actually, I can't believe I'm going to wind up taking this (what's obviously a very small minority) position, and believe me I ain't generally in the habit of looking to defend people on Wall Street, but I don't think the junior banker guy was that bad. I mean, considering the reality of the situation for those guys (&, very important to note, as it's portrayed here in this movie) they were not only not even remotely close to qualifying to be in the position of being "in the room", as it were, but they had absolutely zero clue of this fact. All in all, the JPM rep actually came across as fairly friendly to me. Yea he was a bit dismissive, but the cliche here would've been to like openly insult the guys and laugh in their face as you make them walk away. He does comment on how great their returns have been, relative to the activity they'd been doing with their fund. But the fact is, the level of business they obviously conducted at JPM was at such an astronomically higher scale than what they knew.
That is a respectable point of view.
Thanks for sharing.
Kevin, I agree. The thing is ...those big firms get calls like that from Brownfield from every recent grad of every college. 200 sincere calls a day.
THIS ^^^^ is why the mark is set at 1.5 billion. Anything less is just too small to mess with. IE, the time required to sell 100 stocks to a small guy is the same time to sell 10000000000 stocks to a big guy.
So the small guys' avenue has been set for 300 years. Get a broker.
Love how the JP Morgan guy fidgets with his clothes/cuffs when he sits down, and when he hears that Brownfield only manages $30 million, he starts fidgeting with his cuffs again - indicating that he’ll get up momentarily.
Great subtle acting!
The guy made 30 mi in 3 years and still calls himself a loser?
When someone has that level of returns, it's very likely that they just got lucky once. Finance guys respect more the guy who manages to generate good returns for decades at a time.
You can live multiple lifetimes very well off from 30mil lmao
@@rorywhelan_ it wasnt their personal money it was a fund
@@nczioox1116 it was their personal money, they didn't have any investors as they said
Well to be frank in the hedge fund game 30 million is nothing. 100 million is considered a small fund you’re not big til you manage a billion or more. These guys aim for billions so I can see why he wouldn’t feel accomplished with 30 mil
In real life, Ben was the same age as these guys. He wasn’t an older mentor type.
Yeah but when Brad Pitt wants to work a role you make it fit. Still works well for the story.
"I'm young can still do something with my life", yet manages a 30m fund with its own money
So what tools did these guys use to grow that much so quick? "People hate to think about bad things happening so they always underestimate their likelihood" How did they take advantage of that and how could that grow 27000%?
Cornwall Capital (Brownfield Fund in the movie) traded options on equities primarily using a specific form of securities called Long-Term Equity AnticiPation Securities (LEAPS) which is identical to options except that it offers expiration dates up to three years in the future.
What they discovered is that Black-Scholes option pricing model uses a normal distribution to price options, which can be inaccurate (and sometimes by a huge margin) when companies are facing a special circumstances like lawsuits, allegations, or waiting for an investigation outcome. Hence, the options were not priced properly (ex. call options can be under-priced when market valuation is abnormally low for a company undergoing SEC investigation).
Using this financial instrument (LEAPS) and their knowledge (or belief) that they can expose the inefficiency or inaccuracy of Black-Scholes options pricing models, they bought LEAPS on just about anything that they believed is poised for a huge price movement.
Since they are buying options, their downside is limited, but their upside is many multiples of initial outlays.
In conclusion, "when they were wrong, they were wrong small but when they were right, they were right big."
Thanks a bunch boss
My pleasure Sam Wize Plays.
People like you, are always welcome here.
Great explanation! Also do you happen to know where people can trade LEAPS? Is this just an American thing? :P
So if I'm getting this right, they look at stocks that are facing short term issues (lawsuits, investigations, etc.) which makes them look way underpriced (especially relative to the long-term) and can get LEAPS for much cheaper than normal? So they buy it much lower than normal and sell it when it expires or at any point in time? Is that what causes the most increase (if it was a $2.50 LEAP down from $3.00 [for example] the difference in the 50 would make a difference?) in profit? Might just be confusing myself
This is one of the most civilized and informative comment sections on UA-cam. I’m not surprised since it takes a higher level of intellect to love this film.
the saddest part of this is the fact that Ben is absolutely right about gardening and eating from your own lot. there are crooks in every industry including food and chemicals and fossil fuel not just finance and insurance.
Widespread individual self-sustainment is unfortunately an impossible ideal in a world with 8 billion people and a rapidly changing climate. It's fine if you're a former big time banker who can afford to buy any amount of farmland anywhere in the world, like Ben, but his circumstances are of no relevance for >99% of the world's population. The problems we're facing are so big that they can't even be fully addressed on a national level, much less an individual one.
everyone in this movie is soo phenomenal even the jp guy, jared’s assistant and the bear stern guy who shout do not talk to the press lol
Such good quality.
Thank you again.
You are welcome.
There are more to come so stay tuned!
The subtle posture change at 1:00 is supreme acting
"Keep up those returns" 🤣🤣🤣
lmao that accent what a savage
“Ted!’”
“Chris, I’m on Teds desk”
It was subtle, but the story was told in the first 6 words of dialogue. JPMorgan knew these cats weren’t serious
The jpm guy is so effing nice....
I love him...
Extractor thank you so much for downloading all of these essential scenes to the movie. This was the best film created about the housing bubble and you abbreviated it to keep it simple. Finance at this level is complicated and might as well be theoretical physics to the layman. Your compilation of the right scenes made it easier. Interestingly enough, one always looks for blame in any crisis as everyone likes to have a scapegoat. Unfortunately, everything that was done was legal by everyone. I suppose those to be blamed are the people who made all of this legal. I should've written this message in your first video. Perhaps I'll copy and paste it there.
Hello everyone,
Here is the playlist where you can watch all the clips from both Margin Call (2011) and The Big Short (2015) in the chronological order:
ua-cam.com/play/PL_eGtR10uhM33lgUrczfm7uZUXCh6a6Zx.html
I would like to thank those who stuck around to see this series through.
Please like, comment, share, stay tuned for more series in the future!
Thanks
Lol the hand in pocket and "Cool!" at the beginning set the tone
I wake up every morning saying, " JP Morgan Chase! JP Morgan Chase!"
I am so happy 'cause today I've found my friends... awesome tune
5:06 I love how he just interrupts him "you're a fucking lunatic" lmao
This whole movie is just one memorable scene after another
I thought calm, logical comment sections are dead on UA-cam, then I came here
Welcome! Feel free to browse through other related videos on my channel!
Yes. With this being about the finance industry, I would expect the whack job anti-Semites to be out in full force.
The actor portraying the JPMC Guy (Chris) did such a great job coming off as a snotty jerk. This movie was loaded with wonderful character actors.
"It's not good. Well keep up those great returns and we'll see you way down the road."
Who schedules a meeting at 4:50 in the afternoon?! Lol
Wall Street is the only place where you can make two guys who turned 110k into 30M in 4 years feel like complete losers
30 million puts you in ultra high networth
"Today I met my friends, the are in my head".
Yeah, that'd spooky.
I thought I was the only that caught that. Lol
it's only a nirvana song
That's it! No more clips! I'm watching this damn movie!
youre a god for uploading all of these clips
I like how he even spells out I-S-D-A at first lol
I was just trying to remember the bit where the Polyphonic Spree came into play during the film. Mission was a success. By the way, their cover of Lithium shown here was recorded in 2006, and released 2007.
"Even Wachovia blew us off!" Ouch
This scene is what got me into options trading. Quickly shifted to selling instead of buying, however.
I fucking love all the hidden humor, “fucking Wachovia blew us off” lmao
"Call us WAY down the line"
If they maintained their returns they could meet the ISDA capital requirements in less than 3 years.
The magic of great options picking and compound interest.
I absolutely love the Lithium needle drop in this scene. Amazing soundtrack.
Gonna have to watch this now. It's on Disney+, might as well. Cheers, random video that popped up in my recommended.
Keep up those Returns ☝️😂
They took $100K and turned it into $30M in four years. How about just keep doing that? Or retire at 30?
This bit is so amazing, you can just tell by the acting that Chris' boss probably just said to him "can you go downstairs and deal with these clowns"
Wish they did more with the security guard....he was my favorite character in the movie
“Fucking Wachovia blew us off!”
😂
If it makes Jamie feel better, Wachovia can't blow anyone off anymore.
I love actor that plays Chris
The JP Morgan guy is giving me a real Martin Shkreli vibe
They should have cut to the security guard who talks directly to the camera and says "No Security Guard on Wall Street tells people to leave the lobby. We just need to move the movie along". There were 50 homeless people in the atrium of Deutche bank 24 hours a day at this time and no one said a word to them.
If they kept up those returns (316% p.a.) they'd only need to wait less than 3 years. After 3 years, they'd have $2B.
You mean they defer for 15 quarters and pay tax at the end? Then they'd have 1.5 billion after tax? I'll take your word for it because I didn't account for taxes.
They never had those returns. They got a big capital injection but Lewis neglected to mention it so that they seemed even more impressive.
Ahh, okay. Thanks for the info. Do you have a link to confirm?
This is the problem (I think): there isn’t enough liquidity in options for them to make that kind of money; I mean think about it: they are trading a derivative that gets so little attention that a massive misprices occurs on a regular basis so that these guys can take advantage of it... that’s pretty rare
after 20 years they will own Earth = too good to be true{banks will not pay}
This clip is really cool!
Finally I believe this is the official channel that i should focus on based on the adds, I would like to talk to someone about the process, got questions about my role and function in the project , my strength is found in the Artistic field , can contribute in so many artistic and creative ways, if you could please send me that information, i believe i should come to this channel, because i getting information on the financial filed that i know nothing about sincerely , but this is part of all the questions I have about the development of this process, and when its time to proceed with it. I will come back to this channel tomorrow late morning Pacific Time, Thank you and good night
How I felt after my job interview
No one is commenting on how that one guy made 100k just moving sail boats around? That is a decent gig!
This guy will make a fantastic Shkrelli
Best movie in the last 20 years, easily
This'll probably seem weird in the grand scheme of what's going on in this scene, but actually what bothered me most about this when I first saw the film is the way the actual security guard treated these guys. It seemed to be overly aggressive absolutely out of nowhere, and totally unnecessary. I mean they weren't being disruptive or lewd in any way, they were in business suits, and they were calmly talking amongst themselves. like literally not even 90 seconds had passed by after the "end of their meeting", and the security officer's punting them out like they were naked homeless guys shouting at the top of their lungs the aliens were coming to eat their brains. This is a HUGE lobby of a major New York building, was there a major shortage of seating areas that was needed for more important people immediately? I mean it was ridiculous the way they were practically forced out of there.
Make a comparison between the JP Morgan Guy and the Security guard. Even tough the first one is in essence just looking down on them, many find him actually very polite. The second one is manifestly rude. Both of them work for JP Morgan. Then, complete the metaphor: Chase guy is how Corporation speak, The Guard is how Corporations actually treat common people.
Surfin bird Security guards are not employed by banks. Banks outsource this function by hiring a third-party service like Allied Barton or Securitas. Feel free to research both of these large third-party security officer firms.
Kevin W the bank was probably closing for the day
Kevin W I noticed that, too. I chalked it up to being in NYC.
Surfin bird exactly i bet that the writes of the movie made this scene to state that probably the chase guy told the security guard : kick those losers out of the lobby they wasted my time.
Brownfield : not knowing the ISDA cap makes us look bad, right?
JP Chase : in order for us to end up with $30m over 4 years we need to start with $50m, so you guys aren't entirely bad...
apologize if my comment sounded offensive, i absolutely respect what your doing and never thought my comment was gonna be taken personal as could be a whole staff in charge of it, it is understood that you are making possible to get that information delivered to me, but i have so many videos that i don't know if they comes from your source-same source, i got it when i saw the Mix it up add
This is why I comment on that, to let you know where i am at, i just want someone to talk about the process and i was just being honest about my capabilities and strenghts that's all, to avoid future problems, being clear on what i feel im good at it is crucial to me as much as to maintain an respectful atmosphere, specially under present circumstances, apologize for it, thank you for all your time and work you have done for me tonight
That lady has a little authority and she is excited to use it. 😄
Blacks
Low paid job but actually have a lot of authority as security in building, asking wealthy clients to leave and anyone on premise